Equity
-€56,728
Debts exceed assets in financial year 2025.
D23i
Lifetime
5 annual accounts with figures on one time axispeak -€1,183 (2024)
-€43,928▼ €42,746
lowest -€49,016 (2025)
-€49,016▼ €45,766
peak €2,747 (2021)
-€56,728▼ €49,016
€1.2m▲ 172%
Board3 names since 2021
1 director
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Gross margin from -€1,183 to -€43,928Loss of €49,016Share issue · Amendment of the articles 20-06Equity from -€7,712 to -€56,728Debts from €452,122 to €1.2mCash from €1,340 to €427,822
Key points
from the 2025 annual accountsLosses
-€63,328 in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.2m 105% of the balance sheet
Financial debts 57%Suppliers 6%Other 37%
Of this, €529,937 falls due within a year.
Investments
€802 162.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.11 was 0.98 in 2024
Short-term debts rose from €452,122 to €529,937.
Position in the sector
-€49,016
Lower net result than 91% of companies in real estate. Sector median €5,854 · 19,790 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as D23i has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,167 companies, not a prediction for D23i. 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
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Signals
Recent changes
Share issue · Amendment of the articles
Issue of 78 shares · holds 22 shares · General meeting of 16-06-2025 · Gazette deed
Company renamed from AS Magic to D23i
“L'achat,la vente,ainsi que la cession en location,de tous biens immobiliers; Elle pourra ériger toutes…” (deed in French) · holds all the shares · General meeting of 23-03-2023 · Gazette deed
Registered office moved to Liège
New registered office: Place Ista, 12 à 4020 Liège · Resignation: (director) · Appointment: (director) · General meeting of 23-02-2023 · Gazette deed
Resignation: (manager)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| D23i Liège | €1.2m | -€43,928 | -4.8% | - |
| PMP IMMOGEST Sprimont | €1.1m | -€2,427 | 56.5% | - |
| Résidence et Tendance Aubel | €1.0m | -€17,075 | -12.7% | - |
| MD BATI Saint-Nicolas | €0.9m | -€7,161 | -7.1% | - |
| LES TERRASSES DU QUAI DE ROME Malmedy | €1.4m | -€241,598 | -18.1% | 0 |
| TER INVEST Juprelle | €1.5m | -€16,927 | -2.6% | - |
| VERALTIS Merchtem | €1.2m | -€82,821 | 5.8% | 1 |
These companies have the same main activity as D23i: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €930,000 and €1.5m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 10-08-2021Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.323.538.5924020 Liège, since 10-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.2m▲ 164%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on D23i
D23i files the micro format. That format states no turnover. The gross margin fell from -€3,492 in 2021 to -€43,928 in 2025.
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 D23i
- What is the company number of D23i?
- The company number of D23i is 0772.422.975. The VAT number is the same number with BE in front: BE 0772.422.975.
- Where is D23i based?
- The registered office is at Place Georges-Ista 12, 4020 Liège.Company details
- What does D23i do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of D23i?
- D23i is a private limited company (BV).
- When was D23i founded?
- D23i was founded on 10-08-2021.
- Is D23i still active?
- Yes, D23i is an active enterprise in the KBO register.
- What is the turnover of D23i?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is D23i profitable?
- In financial year 2025, D23i made a loss of €49,016.
- Where can I find the annual accounts of D23i?
- D23i filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D23i due?
- D23i must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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