NORMAL SITUATION

DIVARCO

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Financial year 2026 · closed on 26/02/2026

Net result

-6,4 k €

-111.9% YoY

Gross margin

5,6 k €

-94.1% YoY

Equity

614,2 k €

-1.0% YoY

Company — Normal situation.

What does DIVARCO do?

DIVARCO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.631.807

Legal form

Public limited company

Contributed capital

100 000,00 €

Latest accounts

26/02/2026

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	5,6 k €	-94.1%	94,8 k €	+1.2%	93,7 k €	+0.7%	93,1 k €	+40.6%	66,2 k €	-2.8%	68,1 k €	-42.1%	117,7 k €	-0.2%	117,9 k €	-10.0%	131 k €	-13.9%	152,1 k €	-5.4%	160,9 k €	-23.5%	210,2 k €	-6.6%	225 k €	+23.3%	182,5 k €	-7.0%	196,3 k €	+78.7%	109,9 k €	+80.8%	60,7 k €	-59.0%	148,1 k €	-30.5%	213,2 k €
EBITDA	-893,8 €	-101%	88,1 k €	+1.1%	87,1 k €	+0.0%	87,1 k €	+44.3%	60,3 k €	-3.1%	62,2 k €	-45.0%	113,1 k €	+0.6%	112,5 k €	-10.5%	125,6 k €	-17.4%	152,1 k €	-5.4%	160,9 k €	-23.5%	210,2 k €	-6.6%	225 k €	+23.3%	182,5 k €	-7.0%	196,3 k €	+78.7%	109,9 k €	+80.8%	60,7 k €	-59.0%	148,1 k €	-30.2%	212,3 k €
Operating result	-5,6 k €	-107%	78,8 k €	+1.2%	77,8 k €	+0.0%	77,7 k €	+52.4%	51 k €	-3.6%	52,9 k €	-28.1%	73,6 k €	+1.9%	72,2 k €	-15.4%	85,4 k €	-23.7%	111,9 k €	+106%	54,4 k €	-32.4%	80,5 k €	-14.0%	93,6 k €	+96.5%	47,6 k €	-27.8%	66 k €	+376%	-23,9 k €	+51.8%	-49,6 k €	-6468%	-755 €	-101%	62,7 k €
Net result	-6,4 k €	-112%	54 k €	-16.8%	64,9 k €	-1.2%	65,7 k €	+89.2%	34,7 k €	+8.2%	32,1 k €	-33.6%	48,3 k €	+24.1%	38,9 k €	-15.5%	46 k €	-33.4%	69,2 k €	+15.3%	60 k €	+9392%	632 €	+164%	-994 €	+98.2%	-55,1 k €	-3.8%	-53,1 k €	+53.6%	-114,5 k €	+22.6%	-147,9 k €	-44.4%	-102,4 k €	-2523%	4,2 k €
Balance sheet
Equity	614,2 k €	-1.0%	620,6 k €	+9.5%	566,6 k €	+12.9%	501,8 k €	+15.1%	436,1 k €	+8.6%	401,4 k €	+8.7%	369,3 k €	+15.0%	321 k €	+13.8%	282 k €	+19.5%	236 k €	+41.5%	166,8 k €	-23.9%	219,4 k €	+0.3%	218,7 k €	-0.5%	219,7 k €	-20.1%	274,8 k €	-16.2%	327,9 k €	+1812%	17,2 k €	-89.6%	165 k €	-38.3%	267,4 k €
Total assets	742 k €	-0.6%	746,6 k €	-1.2%	755,7 k €	-1.3%	765,6 k €	-1.5%	777,6 k €	-6.7%	833,3 k €	-6.4%	890,4 k €	-4.3%	930,1 k €	-4.9%	978,1 k €	-3.9%	1 M €	-1.8%	1 M €	-28.8%	1,5 M €	-6.7%	1,6 M €	-7.2%	1,7 M €	-9.1%	1,8 M €	-6.9%	2 M €	+15.2%	1,7 M €	-12.7%	2 M €	-8.2%	2,2 M €
Cash	2,3 k €	-0.5%	2,3 k €	+22.6%	1,9 k €	-23.2%	2,5 k €	-51.4%	5,1 k €	+236%	1,5 k €	+18.1%	1,3 k €	+4051%	30,9 €	-99.7%	10,3 k €	+84.9%	5,5 k €	+101%	2,8 k €	+33.3%	2,1 k €	+75.6%	1,2 k €	-21.8%	1,5 k €	-62.4%	4 k €	-61.5%	10,4 k €	-68.3%	32,9 k €	+137%	13,9 k €	+193%	4,7 k €
Debts	127,8 k €	+1.4%	126 k €	-33.4%	189,1 k €	-28.1%	262,9 k €	-22.8%	340,7 k €	-21.0%	431,1 k €	-17.1%	520,3 k €	-14.6%	609,2 k €	-12.4%	695,3 k €	-11.0%	781,1 k €	-9.8%	865,8 k €	-29.9%	1,2 M €	-7.9%	1,3 M €	-8.2%	1,5 M €	-7.2%	1,6 M €	-5.1%	1,7 M €	-2.9%	1,7 M €	-5.8%	1,8 M €	-4.0%	1,9 M €

Governance

Board of directors

Seen on filing of 26/02/2026 · 3 active · 19 ended

Active mandates

Dirk Scheerlinck

Director · since 30 novembre 2008

Active

JUCOVA

Director · since 30 novembre 2008 · 0890.534.036

Represented by Scheerlinck Jurgen

Active

Rita Cobbaert

Director · since 30 novembre 2008

Active

Ended mandates

Dirk Scheerlinck

Managing director · since 28 novembre 2014 · until 27 novembre 2020

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by Jurgen Scheerlinck

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by Jurgen Scheerlinck

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by JURGEN SCHEERLINCK

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2025	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020
Closing of the financial year	26/02/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Length of the financial year	8 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	05/01/2026	29/01/2025	31/01/2024	31/01/2023	31/01/2022
General meeting	26/02/2026	28/11/2025	31/12/2024	31/12/2023	31/12/2022	26/11/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	26/02/2026	26/02/2026	10/07/2026	Dutch	PDF
Micro model	30/06/2025	28/11/2025	05/01/2026	Dutch	PDF
Micro model	30/06/2024	31/12/2024	29/01/2025	Dutch	PDF
Micro model	30/06/2023	31/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	31/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	26/11/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	27/11/2020	29/01/2021	Dutch	PDF
Micro model	30/06/2019	29/11/2019	24/01/2020	Dutch	PDF
Micro model	30/06/2018	30/11/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	24/11/2017	06/02/2018	Dutch	PDF
Abridged model	30/06/2016	25/11/2016	20/01/2017	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	08/02/2016	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	10/12/2014	Dutch	PDF
Abridged model	30/06/2013	29/11/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	21/12/2012	Dutch	PDF
Abridged model	30/06/2011	25/11/2011	06/12/2011	Dutch	PDF
Abridged model	30/06/2010	26/11/2010	13/12/2010	Dutch	PDF
Abridged model	30/06/2009	27/11/2009	18/12/2009	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	08/12/2008	Dutch	PDF
Abridged model	30/06/2007	30/11/2007	04/12/2007	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 26/02/2026 · 3 active · 19 ended

Active mandates

Dirk Scheerlinck

Director · since 30 novembre 2008

Active

JUCOVA

Director · since 30 novembre 2008 · 0890.534.036

Represented by Scheerlinck Jurgen

Active

Rita Cobbaert

Director · since 30 novembre 2008

Active

Ended mandates

Dirk Scheerlinck

Managing director · since 28 novembre 2014 · until 27 novembre 2020

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by Jurgen Scheerlinck

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by Jurgen Scheerlinck

Ended

JUCOVA

Director · since 28 novembre 2014 · until 27 novembre 2020 · 0890.534.036

Represented by JURGEN SCHEERLINCK

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

2026
Annual accounts 2026-6,4 k €↓
2025
Annual accounts 202554 k €↓
2024
Annual accounts 202464,9 k €↓
2023
Annual accounts 202365,7 k €↑
2022
Annual accounts 202234,7 k €↑
2021
Annual accounts 202132,1 k €↓
2020
Annual accounts 202048,3 k €↑
2019
Annual accounts 201938,9 k €↓
2018
Annual accounts 201846 k €↓
2017
Annual accounts 201769,2 k €↑
2016
Annual accounts 201660 k €↑
2015
Annual accounts 2015632 €↑
2014
Annual accounts 2014-994 €↑
2013
Annual accounts 2013-55,1 k €↓
2012
Annual accounts 2012-53,1 k €↑
2011
Annual accounts 2011-114,5 k €↑
2010
Annual accounts 2010-147,9 k €↓
2009
Annual accounts 2009-102,4 k €↓
2008
Annual accounts 20084,2 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

DIVARCO

Overview

What does DIVARCO do?

Trend over 19 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