NORMAL SITUATION

DIRECT

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Financial year 2024 · closed on 31/12/2024

Net result

915,5 k €

+192.9% YoY

Gross margin

1,9 M €

-26.4% YoY

Equity

2,4 M €

+63.7% YoY

Workforce

0,0 ETP

-100.0% YoY

Company — Normal situation.

What does DIRECT do?

DIRECT is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0524.911.738

Legal form

Private limited company

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	1,9 M €	-26.4%	2,6 M €	+35.5%	1,9 M €	+9.4%	1,8 M €	-1.0%	1,8 M €	+60.3%	1,1 M €	-5.0%	1,2 M €	+154%	461,1 k €	+73.9%	265,1 k €	+31.8%	201,1 k €	+129%	88 k €
EBITDA	1,3 M €	+112%	625 k €	+45.4%	429,9 k €	-11.6%	486,3 k €	-37.7%	780,4 k €	+147%	316,3 k €	-35.1%	487,4 k €	+282%	127,5 k €	-7.0%	137 k €	-13.7%	158,7 k €	+172%	58,4 k €
Operating result	1,2 M €	+162%	476,1 k €	+120%	216,4 k €	-31.3%	314,9 k €	-49.2%	619,4 k €	+296%	156,2 k €	-58.3%	375 k €	+514%	61 k €	-46.0%	113,1 k €	-23.3%	147,4 k €	+391%	30 k €
Net result	915,5 k €	+193%	312,6 k €	+133%	134,2 k €	-40.2%	224,4 k €	-56.6%	516,9 k €	+328%	120,7 k €	-51.8%	250,5 k €	+719%	30,6 k €	-50.8%	62,2 k €	-28.9%	87,5 k €	+413%	17 k €
Balance sheet
Equity	2,4 M €	+63.7%	1,4 M €	+27.8%	1,1 M €	+13.5%	990,8 k €	+29.3%	766,4 k €	+53.3%	499,9 k €	+17.1%	426,8 k €	+142%	176,3 k €	+1.9%	173 k €	+56.2%	110,7 k €	+376%	23,2 k €
Total assets	4,1 M €	+53.4%	2,7 M €	+17.1%	2,3 M €	+26.1%	1,8 M €	-6.0%	1,9 M €	+31.4%	1,5 M €	+30.3%	1,1 M €	+22.7%	921,8 k €	+155%	361,2 k €	+22.3%	295,2 k €	+90.9%	154,7 k €
Cash	380,7 k €	-63.5%	1 M €	+1.9%	1 M €	+31.2%	780,7 k €	+24.1%	629,2 k €	+95.2%	322,4 k €	+60.1%	201,4 k €	+94.6%	103,5 k €	-28.1%	144 k €	-6.1%	153,4 k €	+200%	51,2 k €
Debts	1,7 M €	+33.5%	1,2 M €	+6.8%	1,2 M €	+41.4%	823,5 k €	-29.3%	1,2 M €	+20.4%	967,7 k €	+43.2%	675,9 k €	+2.4%	659,8 k €	+255%	186 k €	+2.3%	181,9 k €	+41.5%	128,6 k €
Other
Workforce	0,0 ETP	-100%	28,2 ETP	+22.6%	23,0 ETP	+9.5%	21,0 ETP	+18.0%	17,8 ETP	+21.9%	14,6 ETP	+7.4%	13,6 ETP	+74.4%	7,8 ETP	+129%	3,4 ETP	+143%	1,4 ETP	+40.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 11 ended

Active mandates

Frédéric Block

Director · since 20 mars 2024

Active

Jean-François HERREMANS

Director · since 20 mars 2024

Active

Jean-Michel Block

Director · since 20 mars 2024

Active

Ludovic MICHAUX

Director · since 20 mars 2024

Active

Toni TURI

Director · since 20 mars 2024

Active

Thomas VAN EECKHOUT

Director · since 01 décembre 2021

Active

Ended mandates

Koen Lepez

Director · since 01 décembre 2021 · until 19 mars 2024

Ended

Koen Lepez

Director · since 01 décembre 2021 · until 30 novembre 2027

Ended

Koen Lepez

Director · since 01 décembre 2021

Ended

Thomas Van Eeckhout

Director · since 01 décembre 2021 · until 30 novembre 2027

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2025	14/05/2024	17/05/2023	08/06/2022	14/05/2021	15/05/2020
General meeting	26/06/2025	19/04/2024	21/04/2023	14/05/2022	16/04/2021	17/04/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	26/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	19/04/2024	14/05/2024	Dutch	PDF
Abridged model	31/12/2022	21/04/2023	17/05/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	08/06/2022	Dutch	PDF
Abridged model	31/12/2020	16/04/2021	14/05/2021	Dutch	PDF
Abridged model	31/12/2019	17/04/2020	15/05/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	14/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	14/07/2015	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 11 ended

Active mandates

Frédéric Block

Director · since 20 mars 2024

Active

Jean-François HERREMANS

Director · since 20 mars 2024

Active

Jean-Michel Block

Director · since 20 mars 2024

Active

Ludovic MICHAUX

Director · since 20 mars 2024

Active

Toni TURI

Director · since 20 mars 2024

Active

Thomas VAN EECKHOUT

Director · since 01 décembre 2021

Active

Ended mandates

Koen Lepez

Director · since 01 décembre 2021 · until 19 mars 2024

Ended

Koen Lepez

Director · since 01 décembre 2021 · until 30 novembre 2027

Ended

Koen Lepez

Director · since 01 décembre 2021

Ended

Thomas Van Eeckhout

Director · since 01 décembre 2021 · until 30 novembre 2027

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024915,5 k €↑
2023
Annual accounts 2023312,6 k €↑
2022
Annual accounts 2022134,2 k €↓
2021
Annual accounts 2021224,4 k €↓
2020
Annual accounts 2020516,9 k €↑
2019
Annual accounts 2019120,7 k €↓
2018
Annual accounts 2018250,5 k €↑
2017
Annual accounts 201730,6 k €↓
2016
Annual accounts 201662,2 k €↓
2015
Annual accounts 201587,5 k €↑
2014
Annual accounts 201417 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DIRECT

Overview

What does DIRECT do?

Trend over 11 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline