D-CARBONIZE
ActiveSummary
The annual accounts of D-CARBONIZE for fiscal year 2025 show a net loss of 62% of total assets and of 184% of the equity at the start of that year. The 2025 annual accounts show equity of €495,257 and a net result of -€767,296. Equity is shrinking by ~24% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 39% of 8782 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency65▲+4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.24 in 2024; short-term debt: 31.5% and cash: 12.6% of total assets), and 60% of the assets are financed with debt.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40%
Return on assets
-61.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
44 d early
2023
23 d early
2022
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 6 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€767,296▼ 41.4%
2024 · -€542,762
Working capital
€25,037▼ 71.7%
2024 · €88,399
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€95,601--€386,896▼ 305%-€523,166▼ 35.2%-€737,420▼ 41.0%
Net result-€104,513below the sector's middle half--€394,998below the sector's middle half▼ 278%-€542,762below the sector's middle half▼ 37.4%-€767,296below the sector's middle half▼ 41.4%
Equity€829,887above the sector's middle half-€959,889above the sector's middle half▲ 15.7%€417,127within the sector's middle half▼ 56.5%€495,257within the sector's middle half▲ 18.7%
Total assets€1.1mabove the sector's middle half-€1.2mabove the sector's middle half▲ 9.0%€1.1mwithin the sector's middle half▼ 6.9%€1.2mwithin the sector's middle half▲ 8.0%
Debt€300,454-€272,526▼ 9.3%€730,406▲ 168%€743,661▲ 1.8%
Working capital€718,322above the sector's middle half-€611,966above the sector's middle half▼ 14.8%€88,399within the sector's middle half▼ 85.6%€25,037within the sector's middle half▼ 71.7%
Solvency73.4%within the sector's middle half-77.9%within the sector's middle half▲ 4.5pp36.3%within the sector's middle half▼ 41.5pp40.0%within the sector's middle half▲ 3.6pp
Current ratio5.46above the sector's middle half-4.53above the sector's middle half▼ 0.931.24within the sector's middle half▼ 3.291.06within the sector's middle half▼ 0.18
Return on assets (ROA)-9.2%below the sector's middle half--32.1%below the sector's middle half▼ 22.8pp-47.3%below the sector's middle half▼ 15.2pp-61.9%below the sector's middle half▼ 14.6pp
Staff (FTE)2.1-8.9▲ 324%11.7above the sector's middle half▲ 31.5%12.7above the sector's middle half▲ 8.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €737,420 in 2025 against €523,166 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€823,655 ▲ 18.4%
Current assets
€415,263 ▼ 8.1%
Equity and liabilities €1.2m
Equity
€495,257 ▲ 18.7%
Debt
€743,661 ▲ 1.8%
Debt's share of the balance-sheet total falls from 63.7% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€516,952▼
2024 · -€380,543
Cash flow
-€546,828▼
2024 · -€400,139
Debt to equity
1.50▼
2024 · 1.75
ROE
-154.9%▼
2024 · -130.1%
Interest coverage
-17.36▲
2024 · -19.51
Debt ≤ 1 year
€390,226▲
2024 · €363,567
Debt > 1 year
€141,667▼
2024 · €158,333
Income taxes
€141▲
2024 · €128
Staff costs
€889,617▲
2024 · €781,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 224 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 88% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
4.0%
went bankrupt
7.1%
stopped otherwise
88%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 224 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €20 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €126,626 | €612,680 | €781,531 | €889,617 | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,337 | €76,501 | €142,623 | €220,468 | ▲ 54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,250 | €0 | ▼ 100% |
| Other operating charges640/8 | €200 | €65 | €1,680 | €1,476 | ▼ 12.1% |
| Non-recurring operating charges66A | - | €59 | €495 | €13 | ▼ 97.4% |
| Gross operating margin9900 | €32,561 | €302,410 | €405,412 | €374,154 | ▼ 7.7% |
| Operating profit (loss)9901 | -€95,601 | -€386,896 | -€523,166 | -€737,420 | ▼ 41.0% |
| Financial income75/76B | €3 | €2 | €36 | €42 | ▲ 18.6% |
| Recurring financial income75 | €3 | €2 | €36 | €42 | ▲ 18.6% |
| Financial charges65/66B | €8,915 | €8,100 | €19,503 | €29,778 | ▲ 52.7% |
| Recurring financial charges65 | €8,915 | €8,100 | €19,503 | €29,778 | ▲ 52.7% |
| Profit (loss) for the period before taxes9903 | -€104,513 | -€394,993 | -€542,634 | -€767,155 | ▼ 41.4% |
| Income taxes67/77 | - | €4 | €128 | €141 | ▲ 10.2% |
| Profit (loss) for the period9904 | -€104,513 | -€394,998 | -€542,762 | -€767,296 | ▼ 41.4% |
| Profit (loss) for the period to be appropriated9905 | -€104,513 | -€394,998 | -€542,762 | -€767,296 | ▼ 41.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 8.0% |
| Fixed assets21/28 | €250,930 | €447,054 | €695,567 | €823,655 | ▲ 18.4% |
| Intangible fixed assets21 | €246,978 | €438,790 | €684,818 | €818,444 | ▲ 19.5% |
| Tangible fixed assets22/27 | €3,552 | €6,364 | €8,799 | €3,578 | ▼ 59.3% |
| Furniture and vehicles24 | €3,552 | €6,364 | €8,799 | €3,578 | ▼ 59.3% |
| Financial fixed assets28 | €400 | €1,900 | €1,950 | €1,632 | ▼ 16.3% |
| Current assets29/58 | €879,410 | €785,361 | €451,966 | €415,263 | ▼ 8.1% |
| Amounts receivable within one year40/41 | €72,996 | €204,333 | €301,641 | €210,515 | ▼ 30.2% |
| Trade receivables40 | €71,781 | €101,359 | €179,189 | €123,622 | ▼ 31.0% |
| Other amounts receivable41 | €1,215 | €102,975 | €122,452 | €86,893 | ▼ 29.0% |
| Cash at bank and in hand54/58 | €805,732 | €568,036 | €121,357 | €155,588 | ▲ 28.2% |
| Deferred charges and accrued income490/1 | €683 | €12,991 | €28,968 | €49,160 | ▲ 69.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.1m | €1.2m | ▲ 8.0% |
| Equity10/15 | €829,887 | €959,889 | €417,127 | €495,257 | ▲ 18.7% |
| Contributions10/11 | €934,400 | €1.5m | €1.5m | €676,057 | ▼ 53.7% |
| Profit (loss) carried forward14 | -€104,513 | -€499,511 | -€1.0m | -€180,800 | ▲ 82.7% |
| Amounts payable17/49 | €300,454 | €272,526 | €730,406 | €743,661 | ▲ 1.8% |
| Amounts payable after more than one year17 | €79,800 | €0 | €158,333 | €141,667 | ▼ 10.5% |
| Financial debts170/4 | €79,800 | €0 | €158,333 | €141,667 | ▼ 10.5% |
| Amounts payable within one year42/48 | €161,088 | €173,395 | €363,567 | €390,226 | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | €27,210 | €114,252 | €123,165 | ▲ 7.8% |
| Financial debts43 | €603 | €5,700 | €2,979 | €3,758 | ▲ 26.1% |
| Credit institutions430/8 | €603 | €5,700 | €2,979 | €3,758 | ▲ 26.1% |
| Trade debts44 | €124,604 | €51,205 | €137,847 | €152,983 | ▲ 11.0% |
| Suppliers440/4 | €124,604 | €51,205 | €137,847 | €128,333 | ▼ 6.9% |
| Bills of exchange payable441 | - | - | - | €24,650 | - |
| Advances received on contracts in progress46 | - | €90 | €90 | €90 | = |
| Taxes, remuneration and social security45 | €34,212 | €71,997 | €91,051 | €93,034 | ▲ 2.2% |
| Taxes450/3 | €19,853 | €17,731 | €13,625 | €12,126 | ▼ 11.0% |
| Remuneration and social security454/9 | €14,359 | €54,266 | €77,426 | €80,908 | ▲ 4.5% |
| Other amounts payable47/48 | €1,669 | €17,193 | €17,348 | €17,196 | ▼ 0.9% |
| Accrued charges and deferred income492/3 | €59,566 | €99,131 | €208,506 | €211,769 | ▲ 1.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€104,513 | -€394,998 | -€542,762 | -€767,296 | ▼ 41.4% |
| + Depreciation and write-downs630 | €1,337 | €76,501 | €142,623 | €220,468 | ▲ 54.6% |
| Operating cash flow (approximation) | -€103,177 | -€318,497 | -€400,139 | -€546,828 | ▼ 36.7% |
| Investment in fixed assets (approximation) | - | -€272,625 | -€391,135 | -€348,556 | ▲ 10.9% |
| Change in cash | - | -€237,695 | -€446,679 | €34,232 | ▲ 108% |
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
10-09
State Gazette act
Resignation: SMAX (director and chair of the board)Reappointment: BDO Réviseurs d'entreprises (commissaire aux comptes) · Permanent representative: Denis ANCION · Director discharge9 facts ▸
State Gazette act
Resignation: SMAX (director and chair of the board)
Reappointment: BDO Réviseurs d'entreprises (commissaire aux comptes) · Permanent representative: Denis ANCION · Director discharge9 facts ▸
- General meeting, 25-06-2026
- Director discharge, ALPHA 11 (director)
- Director discharge, Pyxis & Co SA (fiduciaire)
- Director discharge, BDO Réviseurs d'entreprises (commissaire aux comptes)
- Director resignation, SMAX (director and chair of the board)
- Board composition, 25-06-2026, 6
- Auditor reappointment, BDO Réviseurs d'entreprises (commissaire aux comptes)
- Permanent representative, Denis ANCION (permanent representative)
- Other statement, questions complémentaires, L'Assemblée Générale n'a pas de question complémentaire à formuler à l'organe d'administration
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€767,296
Net result drops to -€767,296, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentCommissaire aux comptes · since 10-09-2026 · perm. rep.: Denis ANCION
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 2 establishment units since 2021
Ground area
7,270 m²
Building footprint
3,888 m²
Volume, LiDAR
57,921 m³
3 parcels, Brussels, Wallonia · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
58
companies at this address
See who is registered here
2 establishment units
D-CARBONIZE
since 20212.321.114.978
Chaussée de Huy 120, 1300 Wavre
since 20222.332.906.418
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0225/00Z005 | Brussels | 3,610 m² | 1 · 3,528 m² | 22.8 m · 5 fl. |
| 25772H0095/00B004 | Wallonia | 2,784 m² | 1 · 249 m² | 9.0 m · 2 fl. |
| 21683D0306/00N002 | Brussels | 876 m² | 1 · 111 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| SMAX |
|
Articles of association
Board rule
Pourvoir les postes vacants, proposer un.e candidat.e aux actionnaires lors d'une AGE future
Structure & network
Owners and holdings
2 ownersOwners 2
-
14.26%
- Sourceaccounts B2START 20258.24%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 34,752 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
Founded24-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Contact
Website
www.d-carbonize.eu
E-mail
info@d-carbonize.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772823150
Registered
06-09-2021
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.