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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

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

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 3,027 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.

D PARTICIPATION MANAGEMENTActive

Overview

Official details

KBO
Status
Active since 20-01-2006 Normal situation
Legal form
Public limited company
Registered office
Maliestraat 50, 1050 Elsene
Activity
Activities of holding companies NACE 64210
Establishment unit
2.151.990.926 1050 Elsene, since 02-03-2006
Financial year end
31 December
Peppol
Reachable since 15-12-2025

Who decides

Board
Auditor
KPMG Réviseurs d'Entreprises BV/SRL
Holdings
Shares in 3 companies including Lys Bidco s.à.r.l and Moleskine S.r.l.

How it is doing

Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
Loss
€93.6m
▼ 45.5%
Equity
€402.9m
▲ 125%
Total assets
€2.09bn
▼ 3.8%
Equity +125%: capital increase2025 accounts 43 days early
Filed on 18-06-2026at the National Bank
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
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

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 €104,664 · 3,029 companies -€93.6m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Board changedlatest change 30-01-2026 · 3 in office 1 joined · 1 left View

Documents

Annual accounts at the NBB

All 20 annual accounts

Articles and registers

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?
The annual accounts for financial year 2025 state no 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.Annual accounts at the National Bank
When are the next annual accounts of D PARTICIPATION MANAGEMENT due?
By 31-07-2027, for financial year 2026.Timeline

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