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D PARTICIPATION MANAGEMENT

Active Risk: not assessed
Public limited companyfounded 2006active for 20 yearsMaliestraat 50, 1050 Elsene, Belgium53 active companies are registered at this addressKBO/BCE: BE 0878.793.769
Summary

D PARTICIPATION MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €402.9m and a net result of -€93.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 3,016 sector peers (NACE 64, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

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D PARTICIPATION MANAGEMENTActive
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Overview

Activity
Activities of holding companies
NACE 64210
10th largest company by total assets in Elsene, Finance and insurance sector1 site
Size
€2.09bntotal assets 2025
Equity
€402.9m
Loss
-€93.6m
Equity +125%: capital increase
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Parent
D'Ieteren Group · 100%
Holdings
3
Auditor: KPMG Réviseurs d'Entreprises BV/SRL2025 accounts 43 days early
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €402.9m
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
77 days early
2023
57 days early
2022
69 days early
2021
51 days early
2020
75 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 58 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed 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 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: KPMG Réviseurs d'Entreprises BV/SRL (statutory…Permanent representative: Grégory Gonzalez
  2. Annual accounts filedfinancial year 2025 · full…
  3. Capital & shares · Amendment of…Auditor report · Capital increase…

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2025 -€93.6m View
  • Positive: Equity rose in 2025capital increase ▲ 125% View
  • Caution: Among the weakest 5% on net resultsector median €105,558 · 3,018 companies -€93.6m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by D'Ieteren Groupultimately: D'Ieteren Group SA/NV 100% View
  • Board changedlatest change 30-01-2026 · 3 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€2.09bn
Loss
-€93.6m
Solvency
19.2%
Total assets▼ 3.8%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
D'Ieteren Group · 100%
Auditor
KPMG Réviseurs d'Entreprises BV/SRL
  • Amélie CoensDirector
  • Edouard JanssenDirector
  • Jean-François BourguignonDirector
Go to Board & ownership

Network & group

Group
D'Ieteren Group SA/NV
Subsidiaries, all levels
4
Direct holdings
3
Connected companies
46

4 subsidiaries

Go to Network & group

Timeline

Events
52
Since
2007
Next accounts
by 31-07-2027
  1. 30-01-2026Resignation: Nicolas Saillez (director)
  2. 31-12-2025Equity above €250m
  3. 25-11-2025Capital & shares · Amendment of the…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of holding companiesNACE 64210
Founded
20-01-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“La société a pour objet, en Belgique et à l'étranger, soit directement, soit comme…” (deed in French)
Go to Articles of association

Key facts about D PARTICIPATION MANAGEMENT

What is the company number of D PARTICIPATION MANAGEMENT?
0878.793.769. In Belgium the VAT number is the company number with BE in front: BE 0878.793.769.
Where is D PARTICIPATION MANAGEMENT based?
The registered office is at Maliestraat 50, 1050 Elsene.Company details
What does D PARTICIPATION MANAGEMENT do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of D PARTICIPATION MANAGEMENT?
Public limited company (NV).
When was D PARTICIPATION MANAGEMENT founded?
On 20-01-2006.
Is D PARTICIPATION MANAGEMENT still active?
Yes, D PARTICIPATION MANAGEMENT is an active enterprise in the KBO register.
What is the turnover of D PARTICIPATION MANAGEMENT?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is D PARTICIPATION MANAGEMENT profitable?
In financial year 2025, D PARTICIPATION MANAGEMENT made a loss of €93.6m.
Where can I find the annual accounts of D PARTICIPATION MANAGEMENT?
D PARTICIPATION MANAGEMENT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of D PARTICIPATION MANAGEMENT due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to D PARTICIPATION MANAGEMENT

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?NAYARIT PARTICIPATIONS · 58 companies What changed in the latest annual accounts?What changed

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