D & B
ActiveSummary
D & B has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.8m and a net result of €2.3m. Equity is growing by ~37.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+54
Solvency77▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 1.42 in 2023; short-term debt: 43.2% and cash: 1.9% of total assets), and 47.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.2%
Return on assets
10%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
19 d early
2022
71 d late
2021
68 d early
2020
31 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€11.8m▲ 22.6%
2023 · €9.7m
Total assets
€22.7m▲ 38.0%
2023 · €16.5m
Net result
€2.3m
2023 · -€265,917
Working capital
-€6.2m
2023 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€594,756▼ 41.1%€1.0m▲ 72.4%€121,112▼ 88.2%-€105,950€2.8m
Net result€341,787▼ 41.1%€677,804▲ 98.3%€36,139▼ 94.7%-€265,917€2.3m
Equity€2.8m▲ 14.1%€3.4m▲ 24.6%€10.0m▲ 191%€9.7m▼ 3.5%€11.8m▲ 22.6%
Total assets€9.2m▲ 4.4%€6.6m▼ 27.5%€16.0m▲ 141%€16.5m▲ 2.8%€22.7m▲ 38.0%
Debt€6.4m▲ 0.6%€3.2m▼ 49.9%€5.0m▲ 56.0%€5.8m▲ 16.7%€9.9m▲ 70.2%
Working capital€3.6m▲ 14.4%€2.9m▼ 19.0%€4.8m▲ 64.6%€2.3m▼ 52.1%-€6.2m
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2.8m after a loss of €105,950 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.7m
Fixed assets
€19.1m ▲ 119%
Current assets
€3.6m ▼ 53.6%
Equity and liabilities €22.7m
Equity
€11.8m ▲ 22.6%
Provisions
€925,093 ▼ 3.0%
Debt
€9.9m ▲ 70.2%
Debt's share of the balance-sheet total rises from 35.5% to 43.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.9m▲
2023 · -€68,529
Cash flow
€2.3m▲
2023 · -€228,495
Current ratio
0.37▼
2023 · 1.42
Quick ratio
0.29▼
2023 · 1.25
Debt to equity
0.84▲
2023 · 0.60
ROE
19.2%▲
2023 · -2.8%
ROA
10.0%▲
2023 · -1.6%
Interest coverage
4.72▲
2023 · -0.31
Debt ≤ 1 year
€9.8m▲
2023 · €5.5m
Debt > 1 year
€113,730▼
2023 · €145,937
Income taxes
€1▲
2023 · -€57,174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €118,021 | €3.2m | ▲ 2,624% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €28,640 | €37,422 | €65,679 | ▲ 75.5% |
| Other operating charges640/8 | - | €160 | €5,109 | €7,772 | €32,763 | ▲ 322% |
| Non-recurring operating charges66A | - | - | €361 | €45 | €580,274 | ▲ 1,289,397% |
| Gross operating margin9900 | €594,875 | €1.0m | €155,222 | -€60,712 | €3.5m | ▲ 5,911% |
| Operating profit (loss)9901 | €594,756 | €1.0m | €121,112 | -€105,950 | €2.8m | ▲ 2,789% |
| Financial income75/76B | - | - | €159,273 | €4,163 | €38,805 | ▲ 832% |
| Recurring financial income75 | - | - | €159,273 | €4,163 | €38,805 | ▲ 832% |
| Financial charges65/66B | - | €107,183 | €134,556 | €221,303 | €617,324 | ▲ 179% |
| Recurring financial charges65 | €136,920 | €107,183 | €134,556 | €221,303 | €617,324 | ▲ 179% |
| Profit (loss) for the period before taxes9903 | €457,837 | €918,439 | €145,829 | -€323,091 | €2.3m | ▲ 803% |
| Income taxes67/77 | €116,049 | €240,635 | €109,691 | -€57,174 | €1 | ▲ 100% |
| Profit (loss) for the period9904 | €341,787 | €677,804 | €36,139 | -€265,917 | €2.3m | ▲ 954% |
| Profit (loss) for the period to be appropriated9905 | €341,787 | €677,804 | €36,139 | -€265,917 | €2.3m | ▲ 954% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €6.6m | €16.0m | €16.5m | €22.7m | ▲ 38.0% |
| Fixed assets21/28 | €766,867 | €766,867 | €6.6m | €8.7m | €19.1m | ▲ 119% |
| Tangible fixed assets22/27 | - | - | €399,988 | €2.4m | €2.4m | ▲ 1.8% |
| Land and buildings22 | - | - | €356,994 | €2.3m | €2.4m | ▲ 2.5% |
| Plant, machinery and equipment23 | - | - | €355 | €1,460 | - | - |
| Furniture and vehicles24 | - | - | €42,638 | €26,417 | €10,138 | ▼ 61.6% |
| Financial fixed assets28 | €766,867 | €766,867 | €6.2m | €6.3m | €16.7m | ▲ 163% |
| Current assets29/58 | €8.4m | €5.9m | €9.4m | €7.7m | €3.6m | ▼ 53.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €20,000 | - |
| Other amounts receivable291 | - | - | - | - | €20,000 | - |
| Stocks and contracts in progress3 | €2.4m | €1.9m | €1.5m | €898,228 | €709,511 | ▼ 21.0% |
| Stocks30/36 | - | €1.9m | €1.5m | €898,228 | €709,511 | ▼ 21.0% |
| Amounts receivable within one year40/41 | €5.3m | €3.6m | €5.7m | €5.7m | €2.4m | ▼ 57.3% |
| Trade receivables40 | - | - | €26,015 | - | - | - |
| Other amounts receivable41 | - | €3.6m | €5.7m | €5.7m | €2.4m | ▼ 57.3% |
| Current investments50/53 | €460 | €460 | €460 | €461 | €465 | ▲ 0.8% |
| Cash at bank and in hand54/58 | €657,554 | €397,150 | €2.2m | €1.2m | €435,983 | ▼ 62.4% |
| Deferred charges and accrued income490/1 | - | - | €1,785 | €1,785 | €2,597 | ▲ 45.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €6.6m | €16.0m | €16.5m | €22.7m | ▲ 38.0% |
| Equity10/15 | €2.8m | €3.4m | €10.0m | €9.7m | €11.8m | ▲ 22.6% |
| Contributions10/11 | €62,000 | €62,000 | €861,579 | €861,579 | €861,579 | = |
| Capital10 | - | €62,000 | €861,579 | €861,579 | €861,579 | = |
| Issued capital100 | - | €62,000 | €861,579 | €861,579 | €861,579 | = |
| Reserves13 | €2.7m | €3.4m | €9.2m | €8.8m | €11.0m | ▲ 24.8% |
| Non-distributable reserves130/1 | - | €6,200 | €59,132 | €59,132 | €59,132 | = |
| Legal reserve130 | - | €6,200 | €59,132 | €59,132 | €59,132 | = |
| Tax-exempt reserves132 | - | - | €3.0m | €2.9m | €2.8m | ▼ 3.0% |
| Distributable reserves133 | - | €3.4m | €6.1m | €5.9m | €8.1m | ▲ 38.7% |
| Provisions and deferred taxes16 | - | - | €983,507 | €954,002 | €925,093 | ▼ 3.0% |
| Deferred taxes168 | - | - | €983,507 | €954,002 | €925,093 | ▼ 3.0% |
| Amounts payable17/49 | €6.4m | €3.2m | €5.0m | €5.8m | €9.9m | ▲ 70.2% |
| Amounts payable after more than one year17 | €1.3m | - | €182,385 | €145,937 | €113,730 | ▼ 22.1% |
| Financial debts170/4 | - | - | €182,385 | €145,937 | €113,730 | ▼ 22.1% |
| Amounts payable within one year42/48 | €4.8m | €3.0m | €4.6m | €5.5m | €9.8m | ▲ 79.7% |
| Current portion of amounts payable after more than one year42 | - | - | €35,842 | €36,448 | €32,448 | ▼ 11.0% |
| Financial debts43 | - | €898,600 | €2.1m | €3.3m | €7.5m | ▲ 131% |
| Credit institutions430/8 | - | €898,600 | €2.1m | €3.3m | €7.5m | ▲ 131% |
| Trade debts44 | - | - | €870 | €47,111 | €14,557 | ▼ 69.1% |
| Suppliers440/4 | - | - | €870 | €47,111 | €14,557 | ▼ 69.1% |
| Taxes, remuneration and social security45 | - | €170,991 | €211,655 | - | - | - |
| Taxes450/3 | - | €170,991 | €211,655 | - | - | - |
| Other amounts payable47/48 | - | €1.9m | €2.2m | €2.1m | €2.3m | ▲ 6.8% |
| Accrued charges and deferred income492/3 | - | €225,000 | €225,000 | €225,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €341,787 | €677,804 | €36,139 | -€265,917 | €2.3m | ▲ 954% |
| + Depreciation and write-downs630 | - | - | €28,640 | €37,422 | €65,679 | ▲ 75.5% |
| Operating cash flow (approximation) | €341,787 | €677,804 | €64,779 | -€228,495 | €2.3m | ▲ 1,122% |
| Investment in fixed assets (approximation) | - | €0 | -€5.9m | -€2.1m | -€10.5m | ▼ 398% |
| Change in cash | - | -€260,404 | €1.8m | -€1.0m | -€723,944 | ▲ 30.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2.3m
Net result €2.3m after one loss-making year.
31-12
Financial
Equity above €10mEq €11.8m ▲22.6%
Equity rises from €9.7m to €11.8m.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
03-06
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
31-12
Financial
Weakest financial yearnet -€265,917
Net result drops to -€265,917, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Equity above €10mEq €10.0m ▲191%
5 profitable years in a row build equity to €10.0m.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2mEq €2.4m ▲31.5%
2 profitable years in a row build equity to €2.4m.
Show earlier events
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2000
Ground area
1,573 m²
Building footprint
438 m²
Volume, LiDAR
7,387 m³
Parcel 44809I0557/00T000, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 944, 9000 Gent
since 20002.099.925.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0557/00T000 | Flanders | 1,573 m² | 1 · 438 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
DOSSCHE INVEST
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Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2000
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.