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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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DIVAR from Maldegem, company number BE0819536271, closed financial year 2025 with a result of € 663,383 after tax. For that financial year DIVAR recorded a gross margin of € 3.4 million and equity of € 382,480. Compared with financial year 2024, the result moved from € 595,878 to € 663,383. Profitable, and profit is growing. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 29, 2025.
€ 382,480
▼ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 663,383
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 961,322
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
46.4
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
€ 51,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,612
▼ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 73,164
▼ 22% vs 2024
Loans from banks and other lenders, long and short.
€ 1.8 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 488,660
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,154,436 | € 20,717,315 | € 22,214,158 | - | |
| Gross margin | - | - | - | € 3,350,340 | |
| Profit after taxes | € 1,401,584 | € 173,297 | € 595,878 | € 663,383 | ▲ 11% |
| Equity | € 1,444,922 | € 1,518,219 | € 1,864,097 | € 382,480 | ▼ 79% |
| Total debts | € 4,105,374 | € 3,721,849 | € 3,251,164 | € 3,000,316 | ▼ 8% |
| Cash | € 1,808,729 | € 1,135,706 | € 727,509 | € 961,322 | ▲ 32% |
| Land & buildings | € 83,634 | € 77,137 | € 70,639 | € 64,141 | ▼ 9% |
| Retained profit | € 1,426,322 | € 1,499,619 | € 1,845,497 | € 363,880 | ▼ 80% |
| Dividend | € 600,000 | € 100,000 | € 250,000 | € 2,145,000 | ▲ € 1.9 million |
| Bank debt | € 87,646 | € 0 | € 94,208 | € 73,164 | ▼ 22% |
| Balance sheet total | € 5,550,296 | € 5,240,068 | € 5,115,261 | € 3,382,795 | ▼ 34% |
| Employees (FTE) | 45.2 | 44.1 | 48 | 46.4 | ▼ 1.6 |
Key figures of DIVAR, 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 December 2026.
What happened to DIVAR?
What happened at DIVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 663,383 (▲ 11% vs 2024). Source: NBB ↗
- De Secretarisvogel BV became a director. NBB
- Divar Invest BV became a director. NBB
- New establishment in Maldegem. KBO
- RIDO BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 663,383 profit in 2025.
Paid € 569,167 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
On average € 72,200 of value added per employee in 2025.
Management
Behind DIVAR are Divar Invest BV, RIDO BV and De Secretarisvogel BV. The shares are held by STEDI and RIDO.
Directors
According to the 2025 annual accounts
Director · represented by Dieter VAN RENTERGHEM
since 2020
Director · represented by Stephanie VAN RENTERGHEM
since 2020
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint Barbarastraat 23
9990 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0819.536.271
- VAT number
- BE 0819.536.271
- Registered office
- Sint Barbarastraat 23, 9990 Maldegem
- Names & denominations
- DIVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2009
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)