Equity
€30,526 from €6.2m in 2023
Equity fell by 100% in 2 years.
D-Commerce
Lifetime
4 annual accounts with figures on one time axispeak -€4,939 (2022)
-€7,064▲ €1,555
lowest -€6.2m (2024)
-€8,694▲ €6.2m
peak €6.2m (2023)
€30,526▼ 22.2%
€4,021▲ 15.5%
peak 0 FTE (2024)
0 FTE
Board4 names since 2021
4 directorsCENNINI and 3 others
Owners6 names in the annual accounts
10.59%White Blackbird
Documentsfilings and deeds
27-08-202627 days late
2025financial year
Gross margin from -€8,618 to -€7,064Loss of €8,694Equity from €39,220 to €30,526Debts from €3,480 to €4,021
Key points
from the 2025 annual accountsResult
-€8,694 ▲ 99.9%
The result rose in 2025: different schema filed.
At the same address
126 companies
2025 accounts filed 27 days after the deadline
Checked score
64
Healthy
Financially stronger than 48% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.5%● unchanged vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.2 percentage points vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.3 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.3 percentage points vs 07-2025
09-2025: 1.6%▲ +0.1 percentage points vs 08-2025
10-2025: 4.0%▲ +2.4 percentage points vs 09-2025
11-2025: 4.0%● unchanged vs 10-2025
12-2025: 4.0%● unchanged vs 11-2025
01-2026: 4.0%● unchanged vs 12-2025
02-2026: 4.0%● unchanged vs 01-2026
03-2026: 4.3%▲ +0.3 percentage points vs 02-2026
04-2026: 5.2%▲ +0.9 percentage points vs 03-2026
05-2026: 5.6%▲ +0.4 percentage points vs 04-2026
06-2026: 6.1%▲ +0.5 percentage points vs 05-2026
07-2026: 6.1%● unchanged vs 06-2026
08-2026: 8.7%▲ +2.6 percentage points vs 07-2026highest value
09-2026: 3.6%▼ -5.1 percentage points vs 08-2026
10-2026: 1.4%▼ -2.2 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
Founded in 2021
No registered site in the KBO
lowers risk
Liquidity: current ratio 8.59, cash €34,547
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 90% on liquidity, 4% on profitability and 16% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as D-Commerce has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of D-Commerce itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for D-Commerce. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.59 (12.27 in 2024), above the usual 1.5. Short-term debt is 11.6% and cash 100% of total assets. 11.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
22232425
2022 to 2025 · latest year -€8,694
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
2023
30 days late
2022
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 4 accounts on average 20 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- White Blackbird 10.59%score 54equity -€659,739 (2025) · 2025 annual accounts of White Blackbird
- OOSTERBAAN INVESTMENT GROUP 10.41%equity €33.1m (2025) · 2025 annual accounts of OOSTERBAAN INVESTMENT GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0778511508
Registered office moved from Roeslare to Roeselare
New registered office: Kwadestraat 155 Bus 7.2, 8800 ROESELARE · Previous registered office: Kwadestraat 151A Bus 51, 8800 ROESLARE · Board meeting of 26-04-2024 · Gazette deed
2 directors appointed
Capital from €1,212,000 to €5,245,611, 4,033,611 new shares · Capital from €5,245,611 to €6,012,000 · Permanent representatives: Claeys, Joris Katelijn Hendrik; Claeys Edward Germain Lieve; Oosterbaan Niels and Vande Vyvere Guy Christian · General meeting of 23-12-2021 · Gazette deed
Incorporation
Founding capital of €1,212,000, 1,212,000 shares · Founders: CENNINI (comparant) and BISTRO DE WITTE MEREL (comparant) · Appointments: CENNINI (director) and Nabuco (director) · published on 14-12-2021 · Gazette deed
Official details
Source: KBO- Status
- Active since 10-12-2021Normal situation
- Registered office
- 129 active companies are registered at this address15 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “De activiteiten en verrichtingen van een holdingvennootschap of van een investeringsvennootschap;” (deed in Dutch)From the articles, 10 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on D-Commerce
D-Commerce has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,526 and a net result of -€8,694.
Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about D-Commerce
- What is the company number of D-Commerce?
- The company number of D-Commerce is 0778.511.508. The VAT number is the same number with BE in front: BE 0778.511.508.
- Where is D-Commerce based?
- The registered office is at Kwadestraat 155, 8800 Roeselare.Company details
- What is the legal form of D-Commerce?
- D-Commerce is a public limited company (NV).
- When was D-Commerce founded?
- D-Commerce was founded on 10-12-2021.
- Is D-Commerce still active?
- Yes, D-Commerce is an active enterprise in the KBO register.
- What is the turnover of D-Commerce?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is D-Commerce profitable?
- In financial year 2025, D-Commerce made a loss of €8,694.
- Where can I find the annual accounts of D-Commerce?
- D-Commerce filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D-Commerce due?
- D-Commerce must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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