Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
DAO from Visé, company number BE0419180550, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year DAO recorded a gross margin of € -64,715 and equity of € 5.1 million. Compared with financial year 2024, the result moved from € -819,484 to € -1.3 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 5.1 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ 60 % more loss than in 2024
Profit after tax over the fiscal year.
€ 183,600
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
€ 499,660
▼ 13% vs 2024
Of which on lease € 498,841.
Debts at end 2025
€ 564,999
▼ 21% vs 2024
€ 146,108 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 875,261
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,337
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -166,352 | € -1,209,894 | € -767,026 | € -64,715 | ▲ € 702,310 |
| Profit after taxes | € 1,028,879 | € -2,242,596 | € -819,484 | € -1,309,428 | ▼ € 489,944 |
| Equity | € 2,901,387 | € 7,223,219 | € 6,402,394 | € 5,091,446 | ▼ 20% |
| Total debts | € 125,723 | € 6,882,175 | € 4,249,759 | € 1,515,948 | ▼ 64% |
| Cash | € 249,790 | € 180,410 | € 166,304 | € 183,600 | ▲ 10% |
| Land & buildings | - | € 150,604 | € 132,887 | € 153,393 | ▲ 15% |
| Retained profit | € 1,481,387 | € 393,494 | € -425,989 | € -1,735,417 | ▼ € 1.3 million |
| Dividend | € 0 | € 3,050,380 | € 0 | € 0 | |
| Bank debt | € 0 | € 934,519 | € 714,841 | € 564,999 | ▼ 21% |
| Balance sheet total | € 6,884,450 | € 17,962,735 | € 14,509,493 | € 10,464,734 | ▼ 28% |
Key figures of DAO, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DAO?
What happened at DAO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LXB Management SRL stepped down as director. NBB
- Noshaq SA stepped down as director. NBB
- Jonas DOUIN stepped down as director. NBB
- DELTA REFRIGERATION SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.3 million. Source: NBB ↗
- DELTA REFRIGERATION SA became a director. NBB
- LXB Management SRL became a director. NBB
- Noshaq SA became a director. NBB
In short
From € 1 million profit in 2021 to € 1.3 million loss in 2025.
Paid € 13,762 in corporate taxes since 2021.
Best year ever: 2021, with € 1 million profit.
Paid out € 3.1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DELTA GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DAOThe shares are held by DELTA GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Benoit LEVAUX
Also active at: Iso - Calor, PHDJ, DTO, J.P.S, DELTA MAINTENANCE, DELTA REFRIGERATION, DELTA THERMIC, DELTA GROUP +1 more
since 2023 · until 2029
Director · represented by Christine GERARDY
Also active at: FRANKI, Iso - Calor, DARDENNE, Bureau d'Etudes Pierre Berger, SOGECOM, NOSHAQ IMMO, GABRIEL, OIL SOLUTIONS +59 more
since 2023 · until 2029
Jonas DOUIN
Director
Also active at: Iso - Calor, DTO, DELTA MAINTENANCE, DELTA THERMIC, DELTA GROUP
since 2023 · until 2029
Director · represented by Philippe DOUIN
Also active at: Iso - Calor, DTO, DELTA MAINTENANCE, DELTA THERMIC, DELTA GROUP
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Maestricht(VIS) 106
4600 Visé
Rue de Maestricht(VIS) 106 box C
4600 Visé
Active since 1 January 1979
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.180.550
- VAT number
- BE 0419.180.550
- Registered office
- Rue de Maestricht(VIS) 106, 4600 Visé
- Names & denominations
- DAO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1979
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Overige bouwinstallatie
Overige detailhandel in nieuwe artikelen neg
Sanitaire werkzaamheden
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
Overig loodgieterswerk
Overige bouwinstallatie, n.e.g.