NORMAL SITUATION

DAP PARTICIPATIONS

Financial year 2025 · closed on 31/12/2025
Net result
18 k €
+101.1% YoY
Gross margin
3,6 M €
+14.5% YoY
Equity
1,3 M €
+1.5% YoY
Workforce
42,1 ETP
+6.9% YoY

Company — Normal situation.

What does DAP PARTICIPATIONS do?

DAP PARTICIPATIONS is a company registered in Belgium. It employs on average 42,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0649.646.513
Legal form
Private limited company
Contributed capital
1 080 341,13 €
Latest accounts
31/12/2025
Average workforce
42,1 ETP
Joint committees (1)
  • 307
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212019201820172016
Income statement
Gross margin3,6 M €3,1 M €2,9 M €984,2 k €599,4 k €485,8 k €495,5 k €531,9 k €297,5 k €
EBITDA1,1 M €997,8 k €874,6 k €392 k €201 k €220,2 k €212,3 k €210,1 k €142,5 k €
Operating result280 k €224,7 k €230,9 k €160,5 k €-31,1 k €31,4 k €20,6 k €40,4 k €5,9 k €
Net result18 k €9 k €30,4 k €24,7 k €14,2 k €1,3 k €-10,1 k €2,1 k €-12,7 k €
Balance sheet
Equity1,3 M €1,2 M €1,2 M €25,9 k €1,2 k €-13,2 k €-14,5 k €-4,4 k €-6,5 k €
Total assets6,6 M €5,4 M €5,6 M €3,3 M €3,4 M €1,4 M €1,5 M €1,4 M €1,7 M €
Cash664,6 k €449 k €479,4 k €188,3 k €52 k €37,7 k €34,3 k €40,5 k €61,1 k €
Debts5,3 M €4,1 M €4,3 M €3,3 M €3,4 M €1,4 M €1,4 M €1,4 M €1,7 M €
Other
Workforce42,1 ETP39,4 ETP22,2 ETP9,4 ETP6,7 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 13 ended

Active mandates

Raphaël RUIZ-RUIZ

Director · since 02 octobre 2023 · until 05 juin 2026

Active
Bernard DEGAUQUIER

Director · since 29 juin 2023 · until 05 juin 2026

Active
Christophe DEGAUQUIER

Director · since 29 juin 2023 · until 05 juin 2026

Active
Jean-Pol FONTAINE

Director · since 29 juin 2023 · until 05 juin 2026

Active
Laurent COLMANT

Director · since 29 juin 2023 · until 05 juin 2026

Active

Ended mandates

Raphaël RUIZ-RUIZ

Director · since 02 octobre 2023 · until 01 octobre 2029

Ended
Bernard DEGAUQUIER

Director · since 29 juin 2023 · until 28 juin 2029

Ended
Christophe DEGAUQUIER

Director · since 29 juin 2023 · until 28 juin 2029

Ended
Jean-Pierre RULOT

Director · since 29 juin 2023 · until 01 janvier 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202625/06/202520/06/202405/06/202327/06/202225/06/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202619/06/2026FrenchPDF
Abridged model31/12/202406/06/202525/06/2025FrenchPDF
Abridged model31/12/202307/06/202420/06/2024FrenchPDF
Abridged model31/12/202202/06/202305/06/2023FrenchPDF
Abridged model31/12/202103/06/202227/06/2022FrenchPDF
Abridged model31/12/202004/06/202125/06/2021FrenchPDF
Micro model31/12/201912/08/202025/11/2020FrenchPDF
Micro model31/12/201824/06/201929/08/2019FrenchPDF
Micro model31/12/201730/08/201831/08/2018FrenchPDF
Micro model31/12/201630/08/201731/08/2017FrenchPDF
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 31/12/2025 · 5 active · 13 ended

Active mandates

Raphaël RUIZ-RUIZ

Director · since 02 octobre 2023 · until 05 juin 2026

Active
Bernard DEGAUQUIER

Director · since 29 juin 2023 · until 05 juin 2026

Active
Christophe DEGAUQUIER

Director · since 29 juin 2023 · until 05 juin 2026

Active
Jean-Pol FONTAINE

Director · since 29 juin 2023 · until 05 juin 2026

Active
Laurent COLMANT

Director · since 29 juin 2023 · until 05 juin 2026

Active

Ended mandates

Raphaël RUIZ-RUIZ

Director · since 02 octobre 2023 · until 01 octobre 2029

Ended
Bernard DEGAUQUIER

Director · since 29 juin 2023 · until 28 juin 2029

Ended
Christophe DEGAUQUIER

Director · since 29 juin 2023 · until 28 juin 2029

Ended
Jean-Pierre RULOT

Director · since 29 juin 2023 · until 01 janvier 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution26/02/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202518 k €
  2. 2024
    Annual accounts 20249 k €
  3. 2023
    Annual accounts 202330,4 k €
  4. 2023
    Name changeDAP PARTICIPATIONS
  5. 2022
    Annual accounts 202224,7 k €
  6. 2021
    Annual accounts 202114,2 k €
  7. 2021
    Name changeDAP Brussels
  8. 2019
    Annual accounts 20191,3 k €
  9. 2018
    Annual accounts 2018-10,1 k €
  10. 2017
    Annual accounts 20172,1 k €
  11. 2016
    Annual accounts 2016-12,7 k €