DAVID
ActiveSummary
DAVID has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€313,002) and a net result of -€9,305. Equity is shrinking by about 2.7% per year across the filed financial years. Its solvency ranks better than 5% of 21,059 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€313,002
- Loss
- -€9,305
- Jonathan DirickChair
- Manon MoïseDirector
- Patrick CauweetDirector
Why 53raises riskCapped at 59: negative equityNegative equity -€313,002Loss of €9,305, the second in a row (financial year 2025)lowers riskSize: total assets €49,547Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 62, micro): better than 3% on solvency, 27% on liquidity, 5% on profitability and 36% on growth.
The bankruptcy probability was computed on 22-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignations: Martine Gilson (director) and Armand…Appointments: Jonathan Dirick (director) and…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €10,802 in 2025 against €34,265 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €60,111 | €57,345 | €1,834 | €17,940 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,075 | €2,075 | €1,945 | €1,013 | €1,013 | €660 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €1,650 | - | - | - |
| Other operating charges640/8 | - | - | - | €14,884 | €13,445 | €6,529 | €387 | €999 | ▲ 158% |
| Non-recurring operating charges66A | - | - | - | €607 | - | - | - | - | - |
| Gross operating margin9900 | €8,103 | €52,612 | €33,337 | €105,664 | €99,071 | -€14,419 | -€15,937 | -€9,803 | ▲ 38.5% |
| Operating profit (loss)9901 | -€53,262 | -€10,379 | -€28,722 | €29,051 | €27,268 | -€25,092 | -€34,265 | -€10,802 | ▲ 68.5% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,227 | €922 | €218 | €131 | -€1,497 | - |
| Recurring financial charges65 | €1,191 | €1,162 | €1,257 | €1,227 | €922 | €218 | €131 | -€1,497 | - |
| Profit (loss) for the period before taxes9903 | -€54,453 | -€11,541 | -€29,980 | €27,824 | €26,346 | -€25,311 | -€34,396 | -€9,305 | ▲ 72.9% |
| Income taxes67/77 | €254 | €230 | €171 | €179 | €72 | - | - | - | - |
| Profit (loss) for the period9904 | -€54,708 | -€11,771 | -€30,151 | €27,645 | €26,274 | -€25,311 | -€34,396 | -€9,305 | ▲ 72.9% |
| Profit (loss) for the period to be appropriated9905 | -€54,708 | -€11,771 | -€30,151 | €27,645 | €26,274 | -€25,311 | -€34,396 | -€9,305 | ▲ 72.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €163,475 | €133,243 | €154,236 | €107,430 | €147,513 | €96,040 | €58,301 | €49,547 | ▼ 15.0% |
| Fixed assets21/28 | €3,717 | €1,642 | €2,735 | €1,723 | €710 | €50 | €2,550 | €2,500 | ▼ 2.0% |
| Intangible fixed assets21 | - | - | - | - | - | - | €2,500 | €2,500 | = |
| Tangible fixed assets22/27 | €3,667 | €1,592 | €2,685 | €1,673 | €660 | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €1,673 | €660 | - | €0 | €0 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €0 | ▼ 100% |
| Current assets29/58 | €159,759 | €131,601 | €151,501 | €105,708 | €146,803 | €95,990 | €55,751 | €47,047 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €116,226 | €129,495 | €142,003 | €71,806 | €68,577 | €11,350 | €15,363 | €6,438 | ▼ 58.1% |
| Trade receivables40 | - | - | - | €71,806 | €68,577 | €9,959 | €12,060 | €1,653 | ▼ 86.3% |
| Other amounts receivable41 | - | - | - | - | - | €1,391 | €3,303 | €4,785 | ▲ 44.9% |
| Cash at bank and in hand54/58 | €41,897 | €705 | €8,412 | €32,782 | €78,226 | €84,640 | €40,388 | €40,609 | ▲ 0.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,120 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €163,475 | €133,243 | €154,236 | €107,430 | €147,513 | €96,040 | €58,301 | €49,547 | ▼ 15.0% |
| Equity10/15 | -€255,988 | -€267,758 | -€297,909 | -€270,264 | -€243,990 | -€269,301 | -€303,697 | -€313,002 | ▼ 3.1% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €76,859 | €76,859 | = |
| Capital10 | - | - | - | €75,000 | - | - | - | - | - |
| Issued capital100 | - | - | - | €75,000 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €75,000 | - | - | - | - |
| Other1109/19 | - | - | - | - | €75,000 | - | - | - | - |
| Reserves13 | €2,113 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | - | - | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | €1,859 | - | - | - |
| Profit (loss) carried forward14 | -€333,101 | -€344,618 | -€374,768 | -€347,124 | -€320,849 | -€346,160 | -€380,556 | -€389,861 | ▼ 2.4% |
| Amounts payable17/49 | €419,463 | €401,001 | €452,146 | €377,695 | €391,503 | €365,340 | €361,998 | €362,549 | ▲ 0.2% |
| Amounts payable within one year42/48 | €419,463 | €400,938 | €452,146 | €377,695 | €391,503 | €365,340 | €361,998 | €362,549 | ▲ 0.2% |
| Trade debts44 | €10,045 | €24,450 | €45,923 | €14,653 | €7,599 | €2,147 | €1,067 | €1,014 | ▼ 5.0% |
| Suppliers440/4 | - | - | - | €14,653 | €7,599 | €2,147 | €1,067 | €1,014 | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | - | - | €20,989 | €21,567 | €2,096 | €0 | - | - |
| Taxes450/3 | - | - | - | €10,280 | €14,808 | €72 | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €10,708 | €6,759 | €2,024 | - | - | - |
| Other amounts payable47/48 | - | - | - | €342,053 | €362,336 | €361,098 | €360,930 | €361,535 | ▲ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,708 | -€11,771 | -€30,151 | €27,645 | €26,274 | -€25,311 | -€34,396 | -€9,305 | ▲ 72.9% |
| + Depreciation and write-downs630 | €2,075 | €2,075 | €1,945 | €1,013 | €1,013 | €660 | - | - | - |
| Operating cash flow (approximation) | -€52,632 | -€9,696 | -€28,206 | €28,658 | €27,287 | -€24,650 | -€34,396 | -€9,305 | ▲ 72.9% |
| Investment in fixed assets (approximation) | - | €0 | -€3,038 | €0 | €0 | €0 | -€2,500 | €50 | - |
| Change in cash | - | -€41,192 | €7,707 | €24,369 | €45,444 | €6,414 | -€44,252 | €221 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00351532 |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00528673 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00296912 |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00172632 |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20139139 |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37300402 |
| 31-12-2019 | micro format | 10-08-2020 | 2020-40800057 |
| 31-12-2018 | micro format | 24-07-2019 | 2019-37100143 |
| 31-12-2017 | micro format | 02-07-2018 | 2018-26400154 |
| 31-12-2016 | micro format | 03-07-2017 | 2017-25600052 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jonathan Dirick |
|
| Manon Moïse |
|
| Patrick Cauweet |
|
| Armand Koch |
|
| Martine Gilson |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-12
Gazette deed
Resignations: Martine Gilson (director) and Armand Koch (director)Appointments: Jonathan Dirick (director) and Manon Moïse (director) · Reappointment: Patrick Cauweet (director) · Power of attorney11 facts ▸
- General meeting, 26-09-2025
- Director resignation, Martine Gilson
- Director resignation, Armand Koch
- Director appointment, Jonathan Dirick (director)
- Director appointment, Manon Moïse (director)
- Director reappointment, Patrick Cauweet (director)
- Board meeting, 26-09-2025
- Director appointment, Jonathan Dirick (chair of the board)
- Power of attorney, Patrick Cauweet
- Power of attorney, Jonathan Dirick
- Power of attorney, Manon Moïse
08-07
Gazette deed
Amendment of the articles · Legal-form changeLegal-form conversion · Capital conversion · Purpose change8 facts ▸
- General meeting, 27-06-2024
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “de plein droit et sans accomplissement d'aucune formalité, article 39,§2,troisième alinéa de la Loi du 23-03-2019 instituant le Code des sociétés et des assoc…” (deed in French)
- Purpose change
- Amendment of the articles
- Share issue, 50, 70
- Power of attorney
- Power of attorney, Tim CARNEWAL
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21673D0160/00X009 | Brussels | 613 m² | 1 · 199 m² | 18.1 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DAVID
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région bruxelloise” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre,durée du mandat et,en cas de pluralité,pouvoirs, avec ou sans limitation de durée” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, le cas échéant pourvu d'un numéro d'ordre” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Tous pouvoirs prévus à l'article 2:87 du Code des sociétés et des associations sans autorisation spéciale, assemblée générale peut à tout…” (deed in French)