DAVIDIS
ActiveSummary
DAVIDIS has been active since 1934 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€20,527. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+3
Solvency16=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 108.9% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.2%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.0m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
29 d late
2022
130 d late
2021
38 d early
2020
16 d early
2019
38 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Elsene, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€20,527▲ 88.3%
2024 · -€175,133
Working capital
-€12.2m▼ 0.2%
2024 · -€12.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€139,963▲ 639%-€343,400€299,668€419,787▲ 40.1%€404,976▼ 3.5%
Net result€138,232▲ 756%-€392,982-€247,717▲ 37.0%-€175,133▲ 29.3%-€20,527▲ 88.3%
Equity-€185,911▲ 42.6%-€578,893▼ 211%-€826,610▼ 42.8%-€1.0m▼ 21.2%-€1.0m▼ 2.4%
Total assets€407,286▲ 35.7%€11.4m▲ 2,703%€11.3m▼ 1.0%€11.2m▼ 1.0%€11.2m=
Debt€593,197▼ 5.0%€12.0m▲ 1,922%€12.1m▲ 1.2%€12.2m▲ 0.5%€12.2m▲ 0.2%
Working capital-€288,658▲ 35.2%-€11.7m▼ 3,955%-€12.0m▼ 2.1%-€12.1m▼ 1.6%-€12.2m▼ 0.2%
Staff (FTE)1▼ 41.2%0.8▼ 20.0%0
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€11.2m =
Current assets
€21,681 ▼ 11.2%
Key figures and ratios
Solvency
-9.2%▼
2024 · -8.9%
Current ratio
0.00▼
2024 · 0.00
Debt to equity
-11.92▲
2024 · -12.18
ROA
-0.2%▲
2024 · -1.6%
Debt ≤ 1 year
€12.2m▲
2024 · €12.2m
Debt > 1 year
€32,076=
2024 · €32,076
Staff costs
€20,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €135,506 | €250,939 | €24 | - | €20,841 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,160 | €33,915 | €3,339 | - | - | - |
| Other operating charges640/8 | €52,812 | €77,667 | €53,819 | €56,699 | €58,413 | ▲ 3.0% |
| Gross operating margin9900 | €358,441 | €19,121 | €356,851 | €476,486 | €484,230 | ▲ 1.6% |
| Operating profit (loss)9901 | €139,963 | -€343,400 | €299,668 | €419,787 | €404,976 | ▼ 3.5% |
| Financial income75/76B | €318 | €427 | €245 | €0 | €44 | ▲ 14,400% |
| Recurring financial income75 | €318 | €427 | €245 | €0 | €44 | ▲ 14,400% |
| Financial charges65/66B | €2,049 | €50,010 | €547,630 | €594,921 | €425,546 | ▼ 28.5% |
| Recurring financial charges65 | €2,049 | €50,010 | €547,630 | €594,921 | €425,546 | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Profit (loss) for the period9904 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,286 | €11.4m | €11.3m | €11.2m | €11.2m | = |
| Fixed assets21/28 | €170,656 | €11.2m | €11.2m | €11.2m | €11.2m | = |
| Tangible fixed assets22/27 | €170,497 | €136,582 | €133,243 | €133,243 | €133,243 | = |
| Land and buildings22 | €170,497 | €136,582 | €133,243 | €133,243 | €133,243 | = |
| Financial fixed assets28 | €159 | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Current assets29/58 | €236,630 | €242,497 | €136,412 | €24,420 | €21,681 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €18,934 | €179,343 | €76,383 | €16,471 | €19,404 | ▲ 17.8% |
| Trade receivables40 | €18,934 | - | €26,216 | €16,471 | €19,404 | ▲ 17.8% |
| Other amounts receivable41 | - | €179,343 | €50,166 | - | - | - |
| Cash at bank and in hand54/58 | €215,521 | €63,154 | €60,029 | - | - | - |
| Deferred charges and accrued income490/1 | €2,175 | - | - | €7,948 | €2,277 | ▼ 71.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,286 | €11.4m | €11.3m | €11.2m | €11.2m | = |
| Equity10/15 | -€185,911 | -€578,893 | -€826,610 | -€1.0m | -€1.0m | ▼ 2.4% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €556,938 | €556,938 | €556,938 | €556,938 | €556,938 | = |
| Non-distributable reserves130/1 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Legal reserve130 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Distributable reserves133 | €544,538 | €544,538 | €544,538 | €544,538 | €544,538 | = |
| Profit (loss) carried forward14 | -€866,849 | -€1.3m | -€1.5m | -€1.7m | -€1.7m | ▼ 1.4% |
| Amounts payable17/49 | €593,197 | €12.0m | €12.1m | €12.2m | €12.2m | ▲ 0.2% |
| Amounts payable after more than one year17 | €67,909 | €48,276 | €48,276 | €32,076 | €32,076 | = |
| Financial debts170/4 | €67,909 | - | - | - | - | - |
| Other amounts payable178/9 | - | €48,276 | €48,276 | €32,076 | €32,076 | = |
| Amounts payable within one year42/48 | €525,288 | €11.9m | €12.1m | €12.2m | €12.2m | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €11,459 | - | - | - | - | - |
| Financial debts43 | €24,370 | €11.5m | €11.5m | €11.5m | €11.5m | ▼ 0.1% |
| Credit institutions430/8 | - | €11.5m | €11.5m | €11.5m | €11.5m | ▲ 0.2% |
| Other loans439 | €24,370 | - | - | €31,816 | - | - |
| Trade debts44 | €15,592 | €68,487 | €42,815 | €49,155 | €60,017 | ▲ 22.1% |
| Suppliers440/4 | €15,592 | €68,487 | €42,815 | €49,155 | €60,017 | ▲ 22.1% |
| Taxes, remuneration and social security45 | €20,434 | €5,305 | €10,865 | €12,199 | €17,409 | ▲ 42.7% |
| Taxes450/3 | €12,017 | €5,305 | €10,865 | €12,199 | €11,250 | ▼ 7.8% |
| Remuneration and social security454/9 | €8,417 | - | - | - | €6,159 | - |
| Other amounts payable47/48 | €453,433 | €375,013 | €533,418 | €573,269 | €590,084 | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | - | €0 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,232 | -€392,982 | -€247,717 | -€175,133 | -€20,527 | ▲ 88.3% |
| + Depreciation and write-downs630 | €30,160 | €33,915 | €3,339 | - | - | - |
| Operating cash flow (approximation) | €168,392 | -€359,067 | -€244,377 | -€175,133 | -€20,527 | ▲ 88.3% |
| Investment in fixed assets (approximation) | - | -€11.0m | €0 | €0 | €0 | - |
| Change in cash | - | -€152,367 | -€3,125 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 130 days late
2022
31-12
Financial
Weakest financial yearnet -€392,982
Net result drops to -€392,982, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €138,232 ▲756%
Net result €138,232, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €16,150
Net result €16,150 after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene
Ground area
839 m²
Building footprint
233 m²
Volume, LiDAR
8,514 m³
Parcel 21807G0213/00Y002, Brussels · tallest building 42.9 m, ±13 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0213/00Y002 | Brussels | 839 m² | 1 · 233 m² | 42.9 m · 13 fl. |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 owner · 2 holdings · 4 subsidiaries in the treeChain of control
- IMODEFF
- DAVIDIS
Highest known parent: IMODEFF. The sources do not say who stands above it.
Owners 1
- IMODEFFparentSourceaccounts IMODEFF 2025100%
Holdings 2
-
100%
-
69.1%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
VANDAMME & CIE 100%2 subsidiaries
- COVANIMO 69.1%
According to the 2025 annual accounts of DAVIDIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-10-1934
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404694886
Also
9925:BE0404694886
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.