DB
ActiveSummary
DB has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,344 and a net result of €14,608. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+71
Solvency54▲+27
Growth32=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.58 in 2024; short-term debt: 68.3% and cash: 16.4% of total assets), and 71% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €15,344
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
2 d early
2022
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 6 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€15,344▲ 1,985%
2024 · €736
Total assets
€52,853▲ 19.8%
2024 · €44,107
Net result
€14,608
2024 · -€2,313
Working capital
€741
2024 · -€17,335
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
Line2022202320242025
Operating result€20,386--€32,756-€286▲ 99.1%€16,317
Net result€16,631--€33,582-€2,313▲ 93.1%€14,608
Equity€36,631-€3,049▼ 91.7%€736▼ 75.9%€15,344▲ 1,985%
Total assets€41,935-€31,598▼ 24.6%€44,107▲ 39.6%€52,853▲ 19.8%
Debt€5,303-€28,549▲ 438%€43,371▲ 51.9%€37,510▼ 13.5%
Working capital€13,563--€20,715-€17,335▲ 16.3%€741
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,317 after a loss of €286 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,853
Fixed assets
€16,019 ▼ 19.8%
Current assets
€36,834 ▲ 52.7%
Equity and liabilities €52,853
Equity
€15,344 ▲ 1,985%
Debt
€37,510 ▼ 13.5%
Debt's share of the balance-sheet total falls from 98.3% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,280▲
2024 · €4,179
Cash flow
€18,571▲
2024 · €2,152
Current ratio
1.02▲
2024 · 0.58
Debt to equity
2.44
ROE
95.2%
ROA
27.6%▲
2024 · -5.2%
Interest coverage
11.38▲
2024 · 2.03
Debt ≤ 1 year
€36,094▼
2024 · €41,459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,703 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,814 | €4,188 | €4,465 | €3,963 | ▼ 11.2% |
| Other operating charges640/8 | €875 | €485 | €657 | €1,606 | ▲ 145% |
| Gross operating margin9900 | €24,075 | -€28,084 | €4,836 | €21,886 | ▲ 353% |
| Operating profit (loss)9901 | €20,386 | -€32,756 | -€286 | €16,317 | ▲ 5,805% |
| Financial income75/76B | €1 | €19 | €31 | €74 | ▲ 141% |
| Recurring financial income75 | €1 | €19 | €31 | €74 | ▲ 141% |
| Financial charges65/66B | €99 | €844 | €2,058 | €1,783 | ▼ 13.4% |
| Recurring financial charges65 | €99 | €844 | €2,058 | €1,783 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €20,287 | -€33,582 | -€2,313 | €14,608 | ▲ 731% |
| Income taxes67/77 | €3,656 | €0 | - | - | - |
| Profit (loss) for the period9904 | €16,631 | -€33,582 | -€2,313 | €14,608 | ▲ 731% |
| Profit (loss) for the period to be appropriated9905 | €16,631 | -€33,582 | -€2,313 | €14,608 | ▲ 731% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,935 | €31,598 | €44,107 | €52,853 | ▲ 19.8% |
| Fixed assets21/28 | €23,083 | €24,447 | €19,982 | €16,019 | ▼ 19.8% |
| Tangible fixed assets22/27 | €23,083 | €24,447 | €19,982 | €16,019 | ▼ 19.8% |
| Plant, machinery and equipment23 | €1,281 | €3,055 | €2,263 | €1,470 | ▼ 35.0% |
| Furniture and vehicles24 | €8,160 | €7,750 | €4,077 | €907 | ▼ 77.8% |
| Other tangible fixed assets26 | €13,643 | €13,643 | €13,643 | €13,643 | = |
| Current assets29/58 | €18,851 | €7,151 | €24,124 | €36,834 | ▲ 52.7% |
| Amounts receivable within one year40/41 | €4,829 | €3,112 | €7,561 | €27,346 | ▲ 262% |
| Trade receivables40 | €2,479 | €2,600 | €7,561 | €27,346 | ▲ 262% |
| Other amounts receivable41 | €2,350 | €512 | €0 | - | - |
| Cash at bank and in hand54/58 | €14,022 | €986 | €9,647 | €8,655 | ▼ 10.3% |
| Deferred charges and accrued income490/1 | - | €3,052 | €6,916 | €834 | ▼ 87.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,935 | €31,598 | €44,107 | €52,853 | ▲ 19.8% |
| Equity10/15 | €36,631 | €3,049 | €736 | €15,344 | ▲ 1,985% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €16,631 | €0 | - | - | - |
| Distributable reserves133 | €16,631 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | -€16,951 | -€19,264 | -€4,656 | ▲ 75.8% |
| Amounts payable17/49 | €5,303 | €28,549 | €43,371 | €37,510 | ▼ 13.5% |
| Amounts payable within one year42/48 | €5,289 | €27,866 | €41,459 | €36,094 | ▼ 12.9% |
| Financial debts43 | €393 | €856 | €9,997 | €0 | ▼ 100% |
| Credit institutions430/8 | €393 | €856 | €9,997 | €0 | ▼ 100% |
| Trade debts44 | €42 | €2,753 | €2,173 | €3,042 | ▲ 40.0% |
| Suppliers440/4 | €42 | €2,753 | €2,173 | €3,042 | ▲ 40.0% |
| Taxes, remuneration and social security45 | €4,148 | €995 | €4,892 | €4,496 | ▼ 8.1% |
| Taxes450/3 | €4,148 | €995 | €4,892 | €4,496 | ▼ 8.1% |
| Other amounts payable47/48 | €706 | €23,262 | €24,398 | €28,556 | ▲ 17.0% |
| Accrued charges and deferred income492/3 | €14 | €683 | €1,911 | €1,416 | ▼ 25.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,631 | -€33,582 | -€2,313 | €14,608 | ▲ 731% |
| + Depreciation and write-downs630 | €2,814 | €4,188 | €4,465 | €3,963 | ▼ 11.2% |
| Operating cash flow (approximation) | €19,446 | -€29,394 | €2,152 | €18,571 | ▲ 763% |
| Investment in fixed assets (approximation) | - | -€5,553 | €0 | €0 | - |
| Change in cash | - | -€13,036 | €8,661 | -€993 | ▼ 111% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €14,608
Net result €14,608 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€33,582
Net result drops to -€33,582, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2020
Ground area
208 m²
Building footprint
84 m²
Volume, LiDAR
648 m³
Parcel 44815F2762/00T000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DB
since 20202.311.069.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2762/00T000 | Flanders | 208 m² | 1 · 84 m² | 11.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 4,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-12-2020
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Contact
E-mail
willem.delbare@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759492578
Also
9925:BE0759492578
Registered
11-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.