DAVID
Annual accounts 2025
micro format, filed on 27-04-2026, 95 days before the deadline€43,115
▲ 232%
€25,205
▲ €30,337
€25,160
▲ €30,360
-€980,104
▲ €55,726
-143.7%
▲ 0.7 percentage points
0.03
▲ 0.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €73,000. Estimated: probably between €52,000 and €110,000.
Balance sheet
balance sheet total €416,120 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-143.7%
Lower than 95% of 19,823 companies in 2025.
0.03
Higher than 5% of 18,999 companies in 2025.
6.0%
Higher than 69% of 19,465 companies in 2025.
DAVID
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
416,120 | 431,635 | 436,091 | 441,444 | 454,317 | 465,047 | 476,119 | 486,145 | 483,608 | 504,565 | 666,094 | 688,879 | 707,800 | 743,352 | 814,142 | 852,770 | 821,060 | 839,445 | 998,565 | 1.0m | |
21/28 |
382,192 | 413,383 | 425,457 | 437,346 | 447,982 | 459,790 | 471,727 | 482,191 | 482,360 | 502,525 | 512,750 | 533,192 | 554,888 | 589,926 | 663,251 | 709,756 | 649,418 | 640,473 | 682,637 | 786,764 | |
22/27 |
382,192 | 413,383 | 425,119 | 437,008 | 447,645 | 459,452 | 471,389 | 481,853 | 482,022 | 502,187 | 512,413 | 532,854 | 554,550 | 589,588 | 662,913 | 709,419 | 649,080 | 639,885 | 682,299 | 786,426 | |
22 |
381,397 | 412,468 | 424,084 | 435,854 | 447,645 | 459,452 | 471,389 | 481,853 | 482,022 | 502,187 | 512,413 | 532,854 | 554,422 | 589,331 | 662,490 | 708,147 | 636,584 | 612,943 | 641,238 | 732,841 | |
23 |
795 | 915 | 1,035 | 1,155 | - | - | - | - | - | - | - | - | 128 | 257 | 424 | 1,057 | 1,108 | 1,733 | 1,520 | 786 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 215 | 11,388 | 25,210 | 39,541 | 52,800 | |
28 |
- | 0 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 588 | 338 | 338 | |
29/58 |
33,928 | 18,252 | 10,634 | 4,098 | 6,335 | 5,257 | 4,392 | 3,954 | 1,248 | 2,041 | 153,344 | 155,687 | 152,912 | 153,426 | 150,891 | 143,014 | 171,642 | 198,972 | 315,929 | 229,209 | |
3 |
- | - | - | - | - | - | - | - | - | - | 151,697 | 151,697 | 151,697 | 151,697 | 148,801 | 138,690 | 169,159 | 196,023 | 237,358 | 226,500 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | 151,697 | 151,697 | 151,697 | 151,697 | 148,801 | 138,690 | 169,159 | 196,023 | 237,358 | 226,500 | |
40/41 |
16,615 | 6,591 | 8,704 | 5 | 118 | 5 | 17 | 661 | 176 | 5 | 838 | 10 | 5 | 4 | 8 | 6 | 1,426 | 1,506 | 1,981 | 483 | |
40 |
0 | 214 | - | - | 96 | - | - | 650 | 159 | - | 1 | - | - | - | - | - | - | - | 1,442 | - | |
41 |
16,615 | 6,377 | 8,704 | 5 | 22 | 5 | 17 | 11 | 17 | 5 | 837 | 10 | 5 | 4 | 8 | 6 | 1,426 | 1,506 | 539 | 483 | |
54/58 |
16,120 | 10,145 | 477 | 2,773 | 5,028 | 4,116 | 3,252 | 2,106 | 1,072 | 1,852 | 578 | 3,754 | 989 | 1,726 | 1,874 | 4,318 | 1,025 | 1,410 | 59 | 2,195 | |
490/1 |
1,193 | 1,517 | 1,454 | 1,320 | 1,188 | 1,136 | 1,123 | 1,188 | - | 183 | 231 | 227 | 222 | - | 207 | - | 33 | 33 | 76,531 | 31 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
416,120 | 431,635 | 436,091 | 441,444 | 454,317 | 465,047 | 476,119 | 486,145 | 483,608 | 504,565 | 666,094 | 688,879 | 707,800 | 743,352 | 814,142 | 852,770 | 821,060 | 839,445 | 998,565 | 1.0m | |
10/15 |
-597,912 | -623,072 | -617,872 | -613,173 | -608,770 | -604,666 | -601,727 | -594,809 | -579,010 | -571,747 | -571,651 | -564,595 | -567,914 | -549,818 | -535,315 | -502,026 | -482,664 | -396,945 | -352,613 | -298,599 | |
10/11 |
112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | |
10 |
112,000 | 112,000 | 112,000 | 112,000 | 112,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | |
13 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 9,941 | 9,941 | 9,941 | 9,941 | 9,941 | 9,941 | 9,941 | |
130/1 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
133 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,744 | 3,744 | 3,744 | 3,744 | 3,744 | 3,744 | 3,744 | |
14 |
-716,109 | -741,269 | -736,069 | -731,370 | -726,967 | -722,864 | -719,925 | -713,006 | -697,207 | -689,944 | -689,848 | -682,793 | -686,111 | -671,759 | -657,256 | -623,968 | -604,605 | -518,886 | -474,554 | -420,540 | |
17/49 |
1.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.3m | 1.2m | 1.4m | 1.3m | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 30,000 | 40,000 | 50,000 | 60,000 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 30,000 | 40,000 | 50,000 | 60,000 | |
42/48 |
1.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.3m | 1.3m | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
44 |
79 | 125 | 10 | 72 | 96 | 72 | - | - | 170 | 424 | 901 | 901 | 1,152 | 901 | 3,745 | 10,820 | - | 1,114 | 3,776 | 4,240 | |
440/4 |
79 | 125 | 10 | 72 | 96 | 72 | - | - | 170 | 424 | 901 | 901 | 1,152 | 901 | 3,745 | 10,820 | - | 1,114 | 3,776 | 4,240 | |
45 |
0 | 5 | 0 | 34 | - | 80 | - | 895 | - | 14 | 152 | - | - | 11 | 183 | 2,696 | 2,935 | 3,110 | 802 | 858 | |
450/3 |
0 | 5 | 0 | 34 | - | 80 | - | 895 | - | 14 | 152 | - | - | 11 | 183 | 2,696 | 2,935 | 3,110 | 802 | 858 | |
47/48 |
1.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.3m | 1.2m | |
492/3 |
0 | 625 | - | - | - | - | - | 121 | - | - | - | - | 501 | 489 | 1,902 | 3,568 | 1,766 | 2,501 | 5,371 | 1,808 | |
| Income statement | |||||||||||||||||||||
76A |
25,545 | - | - | - | - | - | - | - | - | - | - | 7,000 | - | 10,253 | 300 | - | 207 | - | - | - | |
9900 |
43,115 | 12,979 | 13,354 | 13,073 | 13,134 | 14,551 | 10,725 | 6,120 | 17,577 | 25,380 | 18,557 | 24,675 | 24,939 | 24,630 | 18,793 | 50,080 | -13,926 | 38,862 | 15,330 | -17,874 | |
630 |
11,736 | 11,736 | 11,889 | 11,836 | 11,807 | 11,937 | 12,795 | 16,662 | 20,165 | 20,254 | 20,441 | 23,231 | 35,038 | 43,578 | 46,505 | 59,537 | 61,966 | 58,339 | 56,897 | 59,938 | |
640/8 |
6,174 | 6,375 | 6,147 | 5,619 | 5,411 | 5,540 | 4,841 | 5,250 | 4,666 | 5,218 | 5,186 | 5,131 | 8,003 | 5,812 | 4,785 | 8,380 | 7,861 | 21,452 | 9,586 | 11,536 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100 | 3,025 | - | - | |
9901 |
25,205 | -5,131 | -4,683 | -4,382 | -4,085 | -2,927 | -6,911 | -15,793 | -7,254 | -92 | -7,070 | -3,688 | -18,101 | -24,760 | -32,497 | -17,837 | -83,753 | -40,930 | -51,153 | -89,348 | |
75/76B |
0 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 21 | 18 | 18 | 18 | 20 | 128 | 96 | 19 | 3,029 | 18 | 216 | |
75 |
0 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 21 | 18 | 18 | 18 | 20 | 128 | 96 | 19 | 3,029 | 18 | 216 | |
65/66B |
45 | 81 | 39 | 39 | 37 | 30 | 26 | 24 | 27 | 24 | 4 | 12 | 13 | 15 | 1,219 | 1,621 | 2,091 | 3,406 | 2,879 | 3,316 | |
65 |
45 | 81 | 39 | 39 | 37 | 30 | 26 | 24 | 27 | 24 | 4 | 12 | 13 | 15 | 1,219 | 1,621 | 2,091 | 3,406 | 2,879 | 3,316 | |
9903 |
25,160 | -5,195 | -4,704 | -4,403 | -4,104 | -2,939 | -6,919 | -15,799 | -7,263 | -96 | -7,056 | 3,318 | -18,096 | -14,503 | -33,288 | -19,363 | -85,719 | -44,332 | -54,014 | -92,448 | |
67/77 |
0 | 5 | -5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
25,160 | -5,200 | -4,699 | -4,403 | -4,104 | -2,939 | -6,919 | -15,799 | -7,263 | -96 | -7,056 | 3,318 | -18,096 | -14,503 | -33,288 | -19,363 | -85,719 | -44,332 | -54,014 | -92,448 | |
9905 |
25,160 | -5,200 | -4,699 | -4,403 | -4,104 | -2,939 | -6,919 | -15,799 | -7,263 | -96 | -7,056 | 3,318 | -18,096 | -14,503 | -33,288 | -19,363 | -85,719 | -44,332 | -54,014 | -92,448 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-716,109 | -741,269 | -736,069 | -731,370 | -726,967 | -722,864 | -719,925 | -713,006 | -697,207 | -689,944 | -689,848 | -682,793 | -689,855 | -671,759 | -657,256 | -623,968 | -604,605 | -518,886 | -474,554 | -420,540 | |
14P |
-741,269 | -736,069 | -731,370 | -726,967 | -722,864 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,744 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-04-2026 | 2026-00089139 | |
| 31-12-2024 | micro format | 08-05-2025 | 2025-00091756 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00106113 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00363334 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20126561 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38300267 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19600072 | |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15600059 | |
| 31-12-2017 | micro format | 06-06-2018 | 2018-16300412 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44700183 | |
| 31-12-2015 | abbreviated format | 08-06-2016 | 2016-17100414 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-25800401 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-25700253 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-54000501 | |
| 31-12-2011 | abbreviated format | 04-06-2012 | 2012-14600146 | |
| 31-12-2010 | abbreviated format | 07-06-2011 | 2011-15200505 | |
| 31-12-2009 | abbreviated format | 21-06-2010 | 2010-20500223 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-71000336 | |
| 31-12-2007 | abbreviated format | 03-07-2008 | 2008-36800109 | |
| 31-12-2006 | abbreviated format | 29-06-2007 | 2007-32000271 | |
| 31-12-2005 | abbreviated format | 20-07-2006 | 2006-50701129 | |
| 31-12-2004 | abbreviated format | 30-06-2005 | 2005-39001465 | |
| 31-12-2003 | abbreviated format | 26-07-2004 | 2004-51001842 | |
| 31-12-2002 | abbreviated format | 15-09-2003 | 2003-66702132 | |
| 31-12-2001 | abbreviated format | 08-11-2002 | 2002-71003226 | |
| 31-12-2000 | abbreviated format | 21-11-2001 | 2001-70800399 | |
| 31-12-1999 | abbreviated format | 30-06-2000 | 2000-34404913 | |
| 31-12-1998 | abbreviated format | 28-10-1999 | 1999-55701636 | |
| 31-12-1997 | abbreviated format | 26-06-1998 | 1998-23503232 | |
| 31-12-1996 | abbreviated format | 01-07-1997 | 1997-25400588 | |
| 31-12-1995 | abbreviated format | 13-06-1996 | 1996-16100620 | |
| 31-12-1994 | abbreviated format | 26-06-1995 | 1995-29200202 | |
| 31-12-1993 | abbreviated format | 05-07-1994 | 1994-26602593 | |
| 31-12-1992 | abbreviated format | 26-07-1993 | 1993-28605214 | |
| 31-12-1991 | abbreviated format | 04-08-1992 | 1992-26605386 | |
| 31-12-1990 | abbreviated format | 30-12-1991 | 1991-34403141 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36,941 | 6,605 | 7,207 | 7,454 | 7,723 | 9,011 | 5,885 | 870 | 12,911 | 20,162 | 13,371 | 19,543 | 16,937 | 18,818 | 14,009 | 41,700 | -21,787 | 17,409 | 5,744 | -29,410 | ||
| 36,896 | 6,536 | 7,191 | 7,433 | 7,704 | 8,999 | 5,877 | 864 | 12,902 | 20,159 | 13,385 | 26,550 | 16,942 | 29,075 | 13,217 | 40,174 | -23,753 | 14,007 | 2,883 | -32,510 | ||
| -19,455 | -338 | 0 | 1,200 | 0 | 0 | 2,332 | 16,493 | 0 | 10,028 | 0 | 1,535 | 0 | -29,747 | 0 | 119,875 | 71,160 | 16,176 | 2,348 | 56,175 | ||
| 5,975 | 9,668 | -2,296 | -2,256 | 912 | 863 | 1,146 | 1,034 | -780 | 1,275 | -3,176 | 2,765 | -737 | -148 | -2,444 | 3,293 | -385 | 1,351 | -2,136 | - | ||
| -980,104 | -1.0m | -1.0m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.1m | -1.2m | -1.2m | -1.1m | -994,916 | -979,878 | -1.0m | ||
| -143.7% | -144.4% | -141.7% | -138.9% | -134.0% | -130.0% | -126.4% | -122.4% | -119.7% | -113.3% | -85.8% | -82.0% | -80.2% | -74.0% | -65.8% | -58.9% | -58.8% | -47.3% | -35.3% | -29.4% | ||
| 0.03 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.13 | 0.17 | 0.24 | 0.18 | ||
| 0.03 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | ||
| 6.0% | -1.2% | -1.1% | -1.0% | -0.9% | -0.6% | -1.5% | -3.2% | -1.5% | 0.0% | -1.1% | 0.5% | -2.6% | -2.0% | -4.1% | -2.3% | -10.4% | -5.3% | -5.4% | -9.1% | ||
| over 100 | 81.27 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,200 | - |
| €11,736 | €11,736 | €11,889 | €11,836 | €11,807 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DAVID
The operating result for 2025 is a profit of €25,205, after a loss of €5,131 in 2024. It is the highest result since 2006.
Equity is negative. Debt (€1.0m) exceeds the balance-sheet total (€416,120).