NORMAL SITUATION

D31

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

11 k €

+153.8% YoY

Gross margin

-12,7 k €

-164.1% YoY

Equity

224,2 k €

+5.1% YoY

Company — Normal situation.

What does D31 do?

D31 is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.142.868

Legal form

Private company with limited liability

Contributed capital

150 000,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-12,7 k €	-164%	-4,8 k €	+47.0%	-9,1 k €	-113%	67,8 k €	-40.2%	113,5 k €	-7.4%	122,5 k €	-23.4%	160 k €	+39.8%	114,5 k €	+27.3%	89,9 k €	-18.3%	110,1 k €	-33.7%	165,9 k €	+34.7%	123,1 k €	+26.9%	97 k €	+11.7%	86,8 k €	+76.2%	49,3 k €	-0.3%	49,5 k €	-9.9%	54,9 k €	+54.1%	35,6 k €
EBITDA	-13,4 k €	+39.1%	-22 k €	+3.6%	-22,8 k €	-140%	56,8 k €	-43.6%	100,7 k €	-9.4%	111,1 k €	-21.9%	142,3 k €	+43.7%	99 k €	+16.8%	84,8 k €	-7.7%	91,9 k €	-38.3%	148,9 k €	+32.7%	112,2 k €	+26.8%	88,5 k €	+7.5%	82,3 k €	+70.0%	48,4 k €	+0.2%	48,3 k €	-10.8%	54,2 k €	+52.0%	35,6 k €
Operating result	7,3 k €	+133%	-22,2 k €	+31.0%	-32,1 k €	-292%	16,7 k €	-76.8%	72 k €	-4.9%	75,7 k €	-30.6%	109,2 k €	+37.1%	79,6 k €	+30.7%	60,9 k €	-7.9%	66,2 k €	-42.3%	114,6 k €	+46.4%	78,3 k €	+54.3%	50,7 k €	-0.0%	50,8 k €	+14.4%	44,4 k €	+0.3%	44,3 k €	-12.0%	50,3 k €	+41.1%	35,6 k €
Net result	11 k €	+154%	-20,4 k €	-105%	415,4 k €	+7120%	5,8 k €	-87.6%	46,3 k €	+103%	-1,5 M €	-1218%	135,7 k €	+337%	31 k €	+45.6%	21,3 k €	-19.7%	26,6 k €	-36.4%	41,7 k €	+36.1%	30,7 k €	-50.1%	61,5 k €	-56.6%	141,8 k €	+16.1%	122,1 k €	-29.8%	174 k €	+38.9%	125,3 k €	-60.3%	315,9 k €
Balance sheet
Equity	224,2 k €	+5.1%	213,3 k €	-8.7%	233,6 k €	+229%	-181,7 k €	+3.1%	-187,5 k €	+19.8%	-233,8 k €	-118%	1,3 M €	+11.8%	1,1 M €	+2.8%	1,1 M €	+1.9%	1,1 M €	+2.5%	1,1 M €	+4.1%	1 M €	+3.1%	996,6 k €	+6.6%	935,1 k €	+15.7%	808,3 k €	+14.5%	705,7 k €	+28.0%	551,2 k €	+23.8%	445,4 k €
Total assets	228,5 k €	-2.5%	234,4 k €	-32.4%	346,6 k €	+38.2%	250,7 k €	-15.3%	295,9 k €	-18.0%	360,7 k €	-81.1%	1,9 M €	+2.1%	1,9 M €	-1.5%	1,9 M €	-0.6%	1,9 M €	-1.8%	1,9 M €	+0.8%	1,9 M €	-2.8%	2 M €	-3.6%	2,1 M €	+26.8%	1,6 M €	+1.4%	1,6 M €	-1.6%	1,6 M €	-3.3%	1,7 M €
Cash	220,7 k €	+585%	32,2 k €	-89.8%	315,3 k €	+5146%	6 k €	+366%	1,3 k €	-55.6%	2,9 k €	-1.8%	3 k €	-74.1%	11,4 k €	-17.9%	13,9 k €	+81.8%	7,7 k €	-42.1%	13,2 k €	+58.8%	8,3 k €	-32.4%	12,3 k €	-55.3%	27,5 k €	-34.5%	42 k €	+158%	16,3 k €	-58.6%	39,4 k €	-63.5%	108 k €
Debts	4,3 k €	-79.6%	21 k €	-79.9%	104,6 k €	-75.2%	421,4 k €	-11.5%	476,1 k €	-19.2%	588,9 k €	-5.1%	620,9 k €	-12.9%	713,1 k €	-7.7%	772,8 k €	-2.7%	794,1 k €	-8.1%	863,6 k €	-4.0%	899,6 k €	-8.9%	987,1 k €	-11.9%	1,1 M €	+37.8%	812,7 k €	-8.8%	890,8 k €	-16.5%	1,1 M €	-12.8%	1,2 M €

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 3 ended

Active mandates

Jean-Philippe MASSART

Director · since 13 juin 2007

Active

Ended mandates

Jean-Phillippe MASSART

Manager · since 13 juin 2007

Ended

Jean-Philippe Massart

Manager

Ended

Jean-Phillippe MASSART

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	24/01/2025	31/01/2024	25/01/2023	31/01/2022	25/01/2021
General meeting	16/09/2025	23/01/2025	30/01/2024	12/01/2023	28/01/2022	07/01/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	16/09/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	23/01/2025	24/01/2025	French	PDF
Abridged model	30/06/2023	30/01/2024	31/01/2024	French	PDF
Abridged model	30/06/2022	12/01/2023	25/01/2023	French	PDF
Abridged model	30/06/2021	28/01/2022	31/01/2022	French	PDF
Abridged model	30/06/2020	07/01/2021	25/01/2021	French	PDF
Abridged model	30/06/2019	17/12/2019	19/12/2019	French	PDF
Abridged model	30/06/2018	18/12/2018	20/12/2018	French	PDF
Abridged model	30/06/2017	19/12/2017	20/12/2017	French	PDF
Abridged model	30/06/2016	20/12/2016	21/12/2016	French	PDF
Abridged model	30/06/2015	15/12/2015	16/12/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	23/05/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	11/08/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	09/07/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	20/05/2008	13/06/2008	French	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 30/06/2025 · 1 active · 3 ended

Active mandates

Jean-Philippe MASSART

Director · since 13 juin 2007

Active

Ended mandates

Jean-Phillippe MASSART

Manager · since 13 juin 2007

Ended

Jean-Philippe Massart

Manager

Ended

Jean-Phillippe MASSART

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution20/01/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, 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 202511 k €↑
2025
Name changeD31 en liquidation
2024
Annual accounts 2024-20,4 k €↓
2023
Annual accounts 2023415,4 k €↑
2022
Annual accounts 20225,8 k €↓
2022
Name changeD31
2021
Annual accounts 202146,3 k €↑
2020
Annual accounts 2020-1,5 M €↓
2019
Annual accounts 2019135,7 k €↑
2018
Annual accounts 201831 k €↑
2017
Annual accounts 201721,3 k €↓
2016
Annual accounts 201626,6 k €↓
2015
Annual accounts 201541,7 k €↑
2013
Annual accounts 201330,7 k €↓
2012
Annual accounts 201261,5 k €↓
2011
Annual accounts 2011141,8 k €↑
2010
Annual accounts 2010122,1 k €↓
2009
Annual accounts 2009174 k €↑
2008
Annual accounts 2008125,3 k €↓
2007
Annual accounts 2007315,9 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

D31

Overview

What does D31 do?

Trend over 18 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline