ACTIVE

DVCLEX

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Financial year 2025 · closed on 31/12/2025

Net result

265 k €

+47.0% YoY

Gross margin

663,7 k €

+12.2% YoY

Equity

171,1 k €

-12.7% YoY

Workforce

5,9 ETP

-6.3% YoY

What does DVCLEX do?

DVCLEX is a Private limited company incorporated in 2016. Its main activity is: Legal activities. Its registered office is in Liège. It employs on average 5,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0668.493.019

Incorporation

27/12/2016

Legal form

Private limited company

Registered office

Boulevard Frère-Orban 9 box 1
4000 Liège · WallonieSee on map

Contributed capital

16 199,45 €

Latest accounts

31/12/2025

Average workforce

5,9 ETP

Activities (NACE)

69101Legal activities· main 69101Legal activities

Joint committees (1)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	663,7 k €	+12.2%	591,8 k €	+31.7%	449,2 k €	+28.6%	349,4 k €	+6.8%	327,3 k €	-25.3%	438,1 k €	+38.3%	316,9 k €	-2.8%	325,9 k €
EBITDA	331,9 k €	+24.5%	266,5 k €	+110%	127,2 k €	+160%	49 k €	+449%	8,9 k €	-91.8%	108,6 k €	+302%	27 k €	-49.4%	53,4 k €
Operating result	311,1 k €	+25.6%	247,7 k €	+109%	118,4 k €	+189%	41 k €	+653%	5,4 k €	-94.5%	99,1 k €	+2627%	3,6 k €	-87.1%	28,3 k €
Net result	265 k €	+47.0%	180,3 k €	+63.9%	110 k €	+238%	32,5 k €	+1946%	-1,8 k €	-102%	86,6 k €	+7068%	-1,2 k €	-108%	16,2 k €
Balance sheet
Equity	171,1 k €	-12.7%	196,1 k €	+198%	65,8 k €	+43.6%	45,8 k €	+5.9%	43,3 k €	-4.5%	45,4 k €	+142%	18,7 k €	-6.2%	20 k €
Total assets	806,3 k €	+24.1%	649,9 k €	+76.5%	368,1 k €	-9.7%	407,4 k €	-8.8%	447 k €	+52.9%	292,3 k €	+8.1%	270,5 k €	-40.6%	455,6 k €
Cash	401,9 k €	+44.6%	278 k €	+174%	101,6 k €	-53.5%	218,5 k €	+60.5%	136,1 k €	-10.2%	151,6 k €	+46.9%	103,2 k €	-53.0%	219,3 k €
Debts	635,2 k €	+40.0%	453,8 k €	+50.1%	302,3 k €	-16.4%	361,6 k €	-4.7%	379,5 k €	+56.7%	242,2 k €	-0.7%	243,9 k €	-41.8%	419,1 k €
Other
Workforce	5,9 ETP	-6.3%	6,3 ETP	-7.4%	6,8 ETP	-8.1%	7,4 ETP	+4.2%	7,1 ETP	-1.4%	7,2 ETP	-1.4%	7,3 ETP	+12.3%	6,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

BELOPA

Director · 0439.718.618

Represented by Bernard CEULEMANS

Active

Frederik REARD

Director

Active

Ended mandates

SOLULEX

Director · since 23 juillet 2021 · until 29 janvier 2025 · 0746.384.217

Represented by Aline CHARLIER

Ended

BELOPA

Director · since 02 mai 2019 · until 23 juillet 2035 · 0439.718.618

Represented by BERNARD CEULEMANS

Ended

BELOPA

Director · since 02 mai 2019 · 0439.718.618

Represented by Bernard CEULEMANS

Ended

Bernard CEULEMANS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Association des Copropriétaires Résidence Frère Orban à Liège Boulevard Frère Orban 9● Active	0873.369.984
BELOPA● Active	0439.718.618

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	26/08/2025	22/08/2024	25/08/2023	31/08/2022	31/08/2021
General meeting	11/06/2026	27/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	24/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	13/06/2024	22/08/2024	French	PDF
Abridged model	31/12/2022	08/06/2023	25/08/2023	French	PDF
Abridged model	31/12/2021	09/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	10/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	11/06/2020	23/12/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	28/09/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 2 active · 6 ended

Active mandates

BELOPA

Director · 0439.718.618

Represented by Bernard CEULEMANS

Active

Frederik REARD

Director

Active

Ended mandates

SOLULEX

Director · since 23 juillet 2021 · until 29 janvier 2025 · 0746.384.217

Represented by Aline CHARLIER

Ended

BELOPA

Director · since 02 mai 2019 · until 23 juillet 2035 · 0439.718.618

Represented by BERNARD CEULEMANS

Ended

BELOPA

Director · since 02 mai 2019 · 0439.718.618

Represented by Bernard CEULEMANS

Ended

Bernard CEULEMANS

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares02/07/2025
CAPITAL, ACTIONS
PDF
Mandates19/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates18/01/2018
DEMISSIONS, NOMINATIONS
PDF
Other13/07/2017
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring13/07/2017
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/05/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other29/12/2016
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, 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

2025
Annual accounts 2025265 k €↑
2024
Annual accounts 2024180,3 k €↑
2023
Annual accounts 2023110 k €↑
2022
Annual accounts 202232,5 k €↑
2021
Annual accounts 2021-1,8 k €↓
2020
Annual accounts 202086,6 k €↑
2019
Annual accounts 2019-1,2 k €↓
2018
Annual accounts 201816,2 k €
27/12/2016
IncorporationPrivate limited company

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

DVCLEX

Overview

What does DVCLEX do?

Trend over 8 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline