David Bidco has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €429.39M and a net result of €-29.41M. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 3175 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
17 d early
2023
9 d early
2022
26 d early
2021
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, consolidated, statutory
Turnover
€3.16M▲ 3.1%
2024 · €3.07M
2021: €1.00M
2022: €2.37M
2023: €2.90M
2024: €3.07M
2021 → 2025
EBIT margin
-114.9%▼ 132.1pp
2024 · 17.2%
2021: -480.4%
2022: 17.9%
2023: 17.3%
2024: 17.2%
2021 → 2025
Net result
€-29.41M▼ 295%
2024 · €-7.44M
2021: €-19.31M
2022: €-42.48M
2023: €4.33M
2024: €-7.44M
2021 → 2025
Working capital
€-47.61M▼ 663%
2024 · €-6.24M
2021: €4.70M
2022: €-3.25M
2023: €1.35M
2024: €-6.24M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.00M-€2.37M▲ 137%€2.90M▲ 22.2%€3.07M▲ 5.8%€3.16M▲ 3.1%
Equity€504.38M-€461.90M▼ 8.4%€466.23M▲ 0.9%€458.80M▼ 1.6%€429.39M▼ 6.4%
Operating result€-4.81M-€425k€500k▲ 17.6%€528k▲ 5.4%€-3.64M
Net result€-19.31M-€-42.48M▼ 120%€4.33M€-7.44M€-29.41M▼ 295%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3.64M after €528k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €806.32M
Fixed assets
€804.20M=
Current assets
€2.12M▲ 59.1%
Equity and liabilities €806.32M
Equity
€429.39M▼ 6.4%
Provisions
€3k▲ 19.7%
Debt
€376.93M▲ 8.8%
The debt ratio rises from 43.0% to 46.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
53.3%▼
2024 · 57.0%
ROE
-6.8%▼
2024 · -1.6%
ROA
-3.6%▼
2024 · -0.9%
Debt
€376.93M▲
2024 · €346.58M
Debt ≤ 1 year
€49.74M▲
2024 · €7.57M
Debt > 1 year
€325.00M▼
2024 · €336.64M
Income taxes
€66k▼
2024 · €1.31M
Staff costs
€253k▲
2024 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€805.38M€806.32M▲
Fixed assets21/28€804.05M€804.20M=
Tangible fixed assets22/27€52k€40k▼
Furniture and vehicles24€52k€40k▼
Financial fixed assets28€803.99M€804.16M=
Affiliated companies280/1€803.99M€804.16M=
Participating interests280€769.61M€769.61M=
Amounts receivable281€34.38M€34.54M▲
Current assets29/58€1.33M€2.12M▲
Amounts receivable within one year40/41€1.12M€1.56M▲
Trade receivables40€738k€608k▼
Other amounts receivable41€386k€955k▲
Cash at bank and in hand54/58€207k€552k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€805.38M€806.32M▲
Equity10/15€458.80M€429.39M▼
Contributions10/11€523.68M€523.68M=
Profit (loss) carried forward14€-64.89M€-94.30M▼
Provisions and deferred taxes16€2k€3k▲
Provisions for liabilities and charges160/5€2k€3k▲
Pensions and similar obligations160€2k€3k▲
Amounts payable17/49€346.58M€376.93M▲
Amounts payable after more than one year17€336.64M€325.00M▼
Financial debts170/4€336.64M€325.00M▼
Credit institutions173€336.64M€325.00M▼
Amounts payable within one year42/48€7.57M€49.74M▲
Trade debts44€359k€4.51M▲
Suppliers440/4€359k€4.51M▲
Taxes, remuneration and social security45€1.36M€1.42M▲
Taxes450/3€1.32M€1.39M▲
Remuneration and social security454/9€36k€26k▼
Other amounts payable47/48€5.85M€43.81M▲
Accrued charges and deferred income492/3€2.37M€2.19M▼
Income statement
Code20242025
Operating income70/76A€3.08M€3.18M▲
Turnover70€3.07M€3.16M▲
Other operating income74€17k€13k▼
Operating charges60/66A€2.56M€6.81M▲
Services and other goods61€2.37M€6.54M▲
Remuneration, social security and pensions62€173k€253k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€786€445▼
Other operating charges640/8€1k€1k▼
Operating profit (loss)9901€528k€-3.64M▼
Financial income75/76B€19.73M€2.16M▼
Recurring financial income75€19.73M€2.16M▼
Income from financial fixed assets750€19.39M€2.14M▼
Other financial income752/9€343k€24k▼
Financial charges65/66B€26.38M€27.87M▲
Recurring financial charges65€26.38M€27.87M▲
Debt charges650€23.84M€26.46M▲
Other financial charges652/9€2.54M€1.41M▼
Profit (loss) for the period before taxes9903€-6.12M€-29.34M▼
Income taxes67/77€1.31M€66k▼
Taxes670/3€1.31M€66k▼
Profit (loss) for the period9904€-7.44M€-29.41M▼
Profit (loss) for the period to be appropriated9905€-7.44M€-29.41M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64.89M€-94.30M▼
Profit (loss) brought forward from the previous period14P€-57.45M€-64.89M▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €4.33M
Net result €4.33M after 2 loss-making years.
31-12
Financial
Liquidity times 23current ratio 6.02
Current ratio from 0.26 to 6.02; short-term debt falls from €4.38M to €269k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-42.48M
Net result drops to €-42.48M, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-12-2025
Juergen Pinker: Resigned as Director
18-08-2025
M&M and Partners: Resigned as Director
18-08-2025
M&M and Partners: Resigned as Managing director
07-10-2024
Kafinco BV: Resigned as Managing director
01-02-2023
Juergen Pinker: Resigned as Director
01-02-2023
Hercon BV: Resigned as Managing director
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Regenbeekstraat 448800 RoeselareGround area
6,845 m²
Building footprint
3,015 m²
Volume, LiDAR
32,552 m³
Parcel 36017A0395/00E000, Flanders · tallest building 16.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
David Bidco
since 20212.317.150.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0395/00E000 | Flanders | 6,845 m² | 1 · 3,015 m² | 16.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
5493002V77B5T4VV8Q14
Similar companies · same sector, comparable size
DIEPENSTEYN
BE 0403.783.779
Londerzeel · Eq €431.29M
GEREFIS
BE 0470.099.018
Rixensart · Eq €439.80M
DB SAF Pillar Belgium Holdco
BE 0784.994.175
Machelen (Brab.) · Eq €453.28M
VICTRIX
BE 0427.686.163
Antwerpen · Eq €398.40M
Future Topco
BE 1009.755.251
Sint-Lambrechts-Woluwe · Eq €463.12M
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
64999Other financial services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.