D&B
ActiveSummary
D&B has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €632k and a net result of €-70k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-7
Solvency53▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 53.3% and cash: 1.3% of total assets), and 71.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-70k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
96 d late
2023
70 d late
2022
100 d late
2021
48 d early
2020
165 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€632k▼ 9.9%
2024 · €702k
Total assets
€2.24M▲ 13.2%
2024 · €1.98M
Net result
€-70k▼ 53.5%
2024 · €-45k
Working capital
€-1.15M▼ 62.4%
2024 · €-708k
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
Line20212022202320242025
Operating result€18k▼ 96.5%€220k▲ 1,101%€28k▼ 87.5%€-23k€-6k▲ 74.6%
Net result€-15k€140k€-646€-45k▼ 6,931%€-70k▼ 53.5%
Equity€608k▼ 2.4%€748k▲ 23.0%€747k▼ 0.1%€702k▼ 6.1%€632k▼ 9.9%
Total assets€2.00M▼ 9.0%€2.10M▲ 5.0%€1.93M▼ 7.9%€1.98M▲ 2.3%€2.24M▲ 13.2%
Debt€1.31M▼ 12.2%€1.24M▼ 5.4%€1.07M▼ 13.3%€1.24M▲ 16.1%€1.58M▲ 26.7%
Working capital€-408k▼ 1,000%€5k€-102k€-708k▼ 595%€-1.15M▼ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.24M
Fixed assets
€2.20M ▲ 12.2%
Current assets
€41k ▲ 129%
Equity and liabilities €2.24M
Equity
€632k ▼ 9.9%
Provisions
€28k ▼ 4.0%
Debt
€1.58M ▲ 26.7%
Debt's share of the balance-sheet total rises from 63.0% to 70.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▲
2024 · €43k
Cash flow
€2k▼
2024 · €20k
Current ratio
0.03▲
2024 · 0.02
Debt to equity
2.49▲
2024 · 1.77
ROE
-11.0%▼
2024 · -6.5%
ROA
-3.1%▼
2024 · -2.3%
Interest coverage
1.01▼
2024 · 1.75
Debt ≤ 1 year
€1.19M▲
2024 · €726k
Debt > 1 year
€385k▼
2024 · €518k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €221k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €48k | €57k | €65k | €72k | ▲ 10.0% |
| Other operating charges640/8 | €66k | €27k | €22k | €44k | €64k | ▲ 45.1% |
| Gross operating margin9900 | €145k | €295k | €107k | €87k | €130k | ▲ 49.8% |
| Operating profit (loss)9901 | €18k | €220k | €28k | €-23k | €-6k | ▲ 74.6% |
| Financial income75/76B | - | - | €2k | €84 | - | - |
| Recurring financial income75 | - | - | €2k | €84 | - | - |
| Financial charges65/66B | €35k | €46k | €31k | €24k | €65k | ▲ 168% |
| Recurring financial charges65 | €35k | €46k | €31k | €24k | €65k | ▲ 168% |
| Profit (loss) for the period before taxes9903 | €-17k | €173k | €-870 | €-47k | €-71k | ▼ 51.5% |
| Transfer from deferred taxes780 | €1k | €511 | €1k | €82k | €1k | ▼ 98.5% |
| Transfer to deferred taxes680 | - | €31k | - | - | - | - |
| Income taxes67/77 | €-343 | €3k | €930 | €81k | - | - |
| Profit (loss) for the period9904 | €-15k | €140k | €-646 | €-45k | €-70k | ▼ 53.5% |
| Transfer from tax-exempt reserves789 | €4k | €2k | €3k | €247k | €4k | ▼ 98.5% |
| Transfer to tax-exempt reserves689 | - | €123k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-11k | €18k | €3k | €202k | €-66k | ▼ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.00M | €2.10M | €1.93M | €1.98M | €2.24M | ▲ 13.2% |
| Fixed assets21/28 | €1.89M | €1.57M | €1.51M | €1.96M | €2.20M | ▲ 12.2% |
| Tangible fixed assets22/27 | €1.89M | €1.57M | €1.51M | €1.96M | €2.20M | ▲ 12.2% |
| Land and buildings22 | €1.85M | €1.53M | €1.48M | €1.93M | €2.17M | ▲ 12.9% |
| Plant, machinery and equipment23 | €43k | €45k | €36k | €28k | €19k | ▼ 32.3% |
| Furniture and vehicles24 | - | - | €1k | €3k | €2k | ▼ 38.3% |
| Current assets29/58 | €103k | €526k | €416k | €18k | €41k | ▲ 129% |
| Amounts receivable within one year40/41 | €1k | €65k | €35k | €11k | €12k | ▲ 2.6% |
| Trade receivables40 | - | - | €17k | - | - | - |
| Other amounts receivable41 | €1k | €65k | €18k | €11k | €12k | ▲ 2.6% |
| Cash at bank and in hand54/58 | €100k | €462k | €381k | €6k | €29k | ▲ 361% |
| Deferred charges and accrued income490/1 | €1k | - | €166 | €338 | €356 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.00M | €2.10M | €1.93M | €1.98M | €2.24M | ▲ 13.2% |
| Equity10/15 | €608k | €748k | €747k | €702k | €632k | ▼ 9.9% |
| Contributions10/11 | €169k | €169k | €169k | €169k | €169k | = |
| Reserves13 | €345k | €484k | €481k | €344k | €340k | ▼ 1.0% |
| Non-distributable reserves130/1 | €17k | €17k | €17k | €17k | €17k | = |
| Reserves not available under the articles1311 | €17k | €17k | €17k | €17k | €17k | = |
| Tax-exempt reserves132 | €249k | €370k | €367k | €120k | €116k | ▼ 3.0% |
| Distributable reserves133 | €79k | €97k | €97k | €207k | €207k | = |
| Profit (loss) carried forward14 | €95k | €95k | €97k | €189k | €123k | ▼ 35.0% |
| Provisions and deferred taxes16 | €83k | €113k | €112k | €30k | €28k | ▼ 4.0% |
| Deferred taxes168 | €83k | €113k | €112k | €30k | €28k | ▼ 4.0% |
| Amounts payable17/49 | €1.31M | €1.24M | €1.07M | €1.24M | €1.58M | ▲ 26.7% |
| Amounts payable after more than one year17 | €796k | €715k | €554k | €518k | €385k | ▼ 25.7% |
| Financial debts170/4 | €796k | €715k | €554k | €518k | €385k | ▼ 25.7% |
| Amounts payable within one year42/48 | €511k | €521k | €518k | €726k | €1.19M | ▲ 64.1% |
| Current portion of amounts payable after more than one year42 | €114k | €104k | €109k | €130k | €133k | ▲ 2.2% |
| Trade debts44 | €634 | €6k | €2k | €17k | €12k | ▼ 30.2% |
| Suppliers440/4 | €634 | €6k | €2k | €17k | €12k | ▼ 30.2% |
| Taxes, remuneration and social security45 | €9k | €8k | €5k | €22k | €15k | ▼ 33.3% |
| Taxes450/3 | €9k | €8k | €5k | €22k | €15k | ▼ 33.3% |
| Other amounts payable47/48 | €388k | €403k | €402k | €557k | €1.03M | ▲ 85.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €140k | €-646 | €-45k | €-70k | ▼ 53.5% |
| + Depreciation and write-downs630 | €60k | €48k | €57k | €65k | €72k | ▲ 10.0% |
| Operating cash flow (approximation) | €45k | €188k | €57k | €20k | €2k | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | €275k | €-1k | €-507k | €-310k | ▲ 39.0% |
| Change in cash | - | €361k | €-81k | €-374k | €23k | ▲ 106% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 96 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
31-12
Financial
Back to profitnet €140k
Net result €140k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.01
Current ratio from 0.20 to 1.01.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 165 days late
2020
31-12
Financial
Highest result since 2018net €363k ▲1,147%
Operating result €526k, net result €363k, both a record.
31-12
Financial
Equity above €500kEq €623k ▲140%
3 profitable years in a row build equity to €623k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zaventem
Ground area
1,213 m²
Building footprint
198 m²
Volume, LiDAR
1,201 m³
Parcel 23772C0321/00A002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772C0321/00A002 | Flanders | 1,213 m² | 1 · 198 m² | 8.6 m · 2 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.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,319 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.