DB Diving
ActiveSummary
DB Diving has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €439k and a net result of €213k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 1306 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency98▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.58 against 2.48 in 2023; short-term debt: 25.9% and cash: 13.1% of total assets), and 26.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.4%
Return on assets
35.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
31 d late
2022
11 d early
2021
212 d late
2020
173 d late
2019
538 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€439k▲ 94.4%
2023 · €226k
Total assets
€598k▲ 34.1%
2023 · €446k
Net result
€213k▲ 86.6%
2023 · €114k
Working capital
€399k▲ 60.4%
2023 · €249k
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
Line20202021202220232024
Operating result€87k▼ 51.2%€2k▼ 97.3%€249k▲ 10,539%€139k▼ 44.2%€287k▲ 106%
Net result€71k▼ 46.9%€-44k€200k€114k▼ 42.9%€213k▲ 86.6%
Equity€216k▲ 48.9%€171k▼ 20.4%€222k▲ 29.2%€226k▲ 1.9%€439k▲ 94.4%
Total assets€449k▲ 29.7%€354k▼ 21.2%€472k▲ 33.5%€446k▼ 5.6%€598k▲ 34.1%
Debt€233k▲ 15.9%€182k▼ 21.8%€251k▲ 37.5%€220k▼ 12.2%€159k▼ 27.7%
Working capital€155k▲ 48.6%€159k▲ 2.9%€206k▲ 29.5%€249k▲ 20.9%€399k▲ 60.4%
Staff (FTE)0.7▼ 78.8%0.51.3
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 106% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €598k
Fixed assets
€44k ▲ 51.4%
Current assets
€554k ▲ 32.9%
Equity and liabilities €598k
Equity
€439k ▲ 94.4%
Debt
€159k ▼ 27.7%
Debt's share of the balance-sheet total falls from 49.4% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€298k▲
2023 · €157k
Cash flow
€225k▲
2023 · €132k
Current ratio
3.58▲
2023 · 2.48
Debt to equity
0.36▼
2023 · 0.98
ROE
48.6%▼
2023 · 50.6%
ROA
35.6%▲
2023 · 25.6%
Interest coverage
11.80▼
2023 · 18.52
Debt ≤ 1 year
€155k▼
2023 · €168k
Debt > 1 year
€2k▼
2023 · €14k
Income taxes
€72k▲
2023 · €36k
Staff costs
€64k▲
2023 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €26k | €50k | €64k | ▲ 29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €19k | €18k | €12k | ▼ 33.3% |
| Other operating charges640/8 | - | €3k | €3k | €2k | €3k | ▲ 18.2% |
| Non-recurring operating charges66A | - | €271 | - | - | - | - |
| Gross operating margin9900 | €119k | €21k | €297k | €208k | €365k | ▲ 75.1% |
| Operating profit (loss)9901 | €87k | €2k | €249k | €139k | €287k | ▲ 106% |
| Financial income75/76B | - | €17k | €24k | €19k | €23k | ▲ 20.4% |
| Recurring financial income75 | €6k | €17k | €24k | €19k | €23k | ▲ 20.4% |
| Financial charges65/66B | - | €11k | €9k | €8k | €25k | ▲ 199% |
| Recurring financial charges65 | €5k | €11k | €9k | €8k | €25k | ▲ 199% |
| Profit (loss) for the period before taxes9903 | €88k | €9k | €264k | €150k | €285k | ▲ 89.8% |
| Income taxes67/77 | €17k | €53k | €64k | €36k | €72k | ▲ 100% |
| Profit (loss) for the period9904 | €71k | €-44k | €200k | €114k | €213k | ▲ 86.6% |
| Profit (loss) for the period to be appropriated9905 | €71k | €-44k | €200k | €114k | €213k | ▲ 86.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €449k | €354k | €472k | €446k | €598k | ▲ 34.1% |
| Fixed assets21/28 | €65k | €48k | €46k | €29k | €44k | ▲ 51.4% |
| Tangible fixed assets22/27 | €56k | €46k | €43k | €25k | €37k | ▲ 47.9% |
| Plant, machinery and equipment23 | - | €39k | €33k | €18k | €20k | ▲ 11.7% |
| Furniture and vehicles24 | - | €6k | €10k | €7k | €17k | ▲ 136% |
| Financial fixed assets28 | €8k | €2k | €3k | €4k | €7k | ▲ 73.8% |
| Current assets29/58 | €384k | €306k | €427k | €417k | €554k | ▲ 32.9% |
| Amounts receivable within one year40/41 | €370k | €302k | €333k | €415k | €476k | ▲ 14.6% |
| Trade receivables40 | - | €28k | €28k | €73k | €28k | ▼ 61.5% |
| Other amounts receivable41 | - | €274k | €305k | €342k | €448k | ▲ 30.9% |
| Cash at bank and in hand54/58 | €8k | €3k | €92k | €806 | €78k | ▲ 9,610% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €199 | ▼ 84.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €449k | €354k | €472k | €446k | €598k | ▲ 34.1% |
| Equity10/15 | €216k | €171k | €222k | €226k | €439k | ▲ 94.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €209k | €209k | €165k | €165k | €165k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €207k | €163k | €163k | €163k | = |
| Profit (loss) carried forward14 | - | €-44k | €50k | €54k | €267k | ▲ 393% |
| Amounts payable17/49 | €233k | €182k | €251k | €220k | €159k | ▼ 27.7% |
| Amounts payable after more than one year17 | €3k | €35k | €24k | €14k | €2k | ▼ 82.0% |
| Financial debts170/4 | - | €35k | €24k | €14k | €2k | ▼ 82.0% |
| Amounts payable within one year42/48 | €230k | €147k | €220k | €168k | €155k | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | - | €25k | €11k | €11k | €31k | ▲ 199% |
| Trade debts44 | €170k | €32k | €48k | €18k | €42k | ▲ 139% |
| Suppliers440/4 | - | €32k | €48k | €18k | €42k | ▲ 139% |
| Taxes, remuneration and social security45 | - | €91k | €161k | €140k | €81k | ▼ 42.0% |
| Taxes450/3 | - | €91k | €157k | €135k | €75k | ▼ 44.7% |
| Remuneration and social security454/9 | - | - | €4k | €5k | €7k | ▲ 31.5% |
| Accrued charges and deferred income492/3 | - | - | €6k | €39k | €2k | ▼ 95.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €-44k | €200k | €114k | €213k | ▲ 86.6% |
| + Depreciation and write-downs630 | €15k | €15k | €19k | €18k | €12k | ▼ 33.3% |
| Operating cash flow (approximation) | €86k | €-29k | €219k | €132k | €225k | ▲ 70.6% |
| Investment in fixed assets (approximation) | - | €1k | €-17k | €-576 | €-27k | ▼ 4,516% |
| Change in cash | - | €-4k | €89k | €-92k | €77k | ▲ 185% |
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
2026
25-08
State Gazette act
Resignation: Eva Vanhalst (director)2 facts ▸
State Gazette act
Resignation: Eva Vanhalst (director)
2 facts ▸
- General meeting, 29-06-2026
- Director resignation, Eva Vanhalst (director)
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Highest result since 2018net €213k ▲86.6%
Operating result €287k, net result €213k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 212 days late
2022
31-12
Financial
Back to profitnet €200k
Net result €200k after one loss-making year.
31-12
Financial
Equity above €200kEq €222k ▲29.2%
Equity rises from €171k to €222k.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 173 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 538 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 904 days late
2021
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
2020
31-12
Financial
Equity above €200kEq €216k ▲48.9%
3 profitable years in a row build equity to €216k.
2019
31-12
Financial
Equity above €100kEq €145k ▲1,167%
2 profitable years in a row build equity to €145k.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
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.
30-06-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2017
Ground area
3,880 m²
Building footprint
1,369 m²
Volume, LiDAR
8,783 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DB Diving
since 20172.271.390.897
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41059A0250/00R000 | Flanders | 3,008 m² | 1 · 1,263 m² | 7.7 m · 2 fl. |
| 41041B0044/00M000 | Flanders | 872 m² | 1 · 105 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 241 EUR awarded · 241 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 241 EUR | 241 EUR |
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Of 355 companies in sector 52249 we hold annual accounts for 266. 167 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
Founded08-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
52249Warehousing and support activities for transportation
Scores and ratios are computed by Checked and are not a credit decision.