Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
DFR-1 from Couvin, company number BE0767984929, closed financial year 2025 with a result of € 28,791 after tax. For that financial year DFR-1 recorded a gross margin of € 89,277 and equity of € -133,172. Compared with financial year 2024, the result moved from € 17,991 to € 28,791. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -133,172
▲ € 28,791 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,791
▲ 60% vs 2024
Profit after tax over the fiscal year.
€ 2,241
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -138,172.
Debts at end 2025
€ 1.1 million
▼ 6% vs 2024
€ 67,492 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 1,374
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 82,131 | € 72,714 | € 81,269 | € 89,277 | ▲ 10% |
| Profit after taxes | € -190,165 | € 5,211 | € 17,991 | € 28,791 | ▲ 60% |
| Equity | € -185,165 | € -179,954 | € -161,963 | € -133,172 | ▲ € 28,791 |
| Total debts | € 1,575,282 | € 1,512,914 | € 1,450,555 | € 1,386,391 | ▼ 4% |
| Cash | € 8,776 | € 5,893 | € 3,443 | € 2,241 | ▼ 35% |
| Land & buildings | € 1,361,358 | € 1,321,165 | € 1,280,971 | € 1,240,738 | ▼ 3% |
| Retained profit | € -190,165 | € -184,954 | € -166,963 | € -138,172 | ▲ € 28,791 |
| Bank debt | € 1,333,812 | € 1,268,385 | € 1,202,277 | € 1,135,480 | ▼ 6% |
| Balance sheet total | € 1,390,116 | € 1,332,960 | € 1,288,592 | € 1,253,219 | ▼ 3% |
Key figures of DFR-1, fiscal years 2022 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 DFR-1?
What happened at DFR-1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,791 (▲ 60% vs 2024). filed late Source: NBB ↗
- NICOLAS CARLIER became a director. NBB
- VINCENT DEFER stepped down as director. NBB
- New establishment in Mettet. KBO
- VINCENT DEFER became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 190,165 loss in 2022 to € 28,791 profit in 2025.
Paid € 486 in corporate taxes since 2022.
Best year ever: 2025, with € 28,791 profit.
Management
The stake of ETABLISSEMENTS NICOLAS CARLIER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DFR-1Behind DFR-1 is NICOLAS CARLIER. The shares are held by ETABLISSEMENTS NICOLAS CARLIER (100%).
Directors
According to the 2025 annual accounts
since 2025
since 2021 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Faubourg-de-la Ville 1
5660 Couvin
Rue du Marbin 21
5640 Mettet
Active since 7 May 2021
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
- 0767.984.929
- VAT number
- BE 0767.984.929
- Registered office
- Faubourg-de-la Ville 1, 5660 Couvin
- Names & denominations
- DFR-1
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 2021
- Peppol
- Active · Active since 4 Nov 2025