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DB GROUP

Active
Private limited companyfounded 2024active for 1 yearTerkamerenlaan 33, 1000 Brussels, BelgiumKBO/BCE: BE 1018.085.373

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-04-2026 at the NBB

Turnover
≈ €120,000
Estimated: probably between €70,000 and €160,000
Total assets
€82,888
Net result
-€3,730
Working capital
-€6,730

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €82,888
Fixed assets €6,000
Current assets €76,888
Equity and liabilities
Equity-€730
Debt€83,618
Equity is negative. Debt (€83,618) exceeds the balance-sheet total (€82,888).
Key figures and ratios
2025 value
Solvency
-0.9%
Current ratio
0.92
ROA
-4.5%
Debt
€83,618
Debt ≤ 1 year
€83,618
Staff costs
€44,841
The equity ratios are withheld because equity of -€730 is too small for a meaningful ratio.

Staff

social balance sheet
Item31-12-2025
Average over the year, in full-time equivalents0.3
Joined1
Left1

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Financial fixed assets€6,000

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 27 lines
Balance sheet Code2025
Assets
Total assets20/58€82,888
Fixed assets21/28€6,000
Financial fixed assets28€6,000
Current assets29/58€76,888
Amounts receivable within one year40/41€76,569
Trade receivables40€73,249
Other amounts receivable41€3,320
Cash at bank and in hand54/58€319
Equity and liabilities
Total equity and liabilities10/49€82,888
Equity10/15-€730
Contributions10/11€3,000
Profit (loss) carried forward14-€3,730
Amounts payable17/49€83,618
Amounts payable within one year42/48€83,618
Trade debts44€72,109
Suppliers440/4€72,109
Taxes, remuneration and social security45€11,509
Remuneration and social security454/9€11,509
Income statement Code2025
Remuneration, social security and pensions62€44,841
Gross operating margin9900€41,322
Operating profit (loss)9901-€3,519
Financial charges65/66B€211
Recurring financial charges65€211
Profit (loss) for the period before taxes9903-€3,730
Profit (loss) for the period9904-€3,730
Profit (loss) for the period to be appropriated9905-€3,730
Appropriation of the result
Profit (loss) to be appropriated9906-€3,730

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-04-2026.

Line2025
Remuneration, social security and pensions62€44,841
Gross operating margin9900€41,322
Operating profit (loss)9901-€3,519
Financial charges65/66B€211
Recurring financial charges65€211
Profit (loss) for the period before taxes9903-€3,730
Profit (loss) for the period9904-€3,730
Profit (loss) for the period to be appropriated9905-€3,730
Line2025
Assets
Total assets20/58€82,888
Fixed assets21/28€6,000
Financial fixed assets28€6,000
Current assets29/58€76,888
Amounts receivable within one year40/41€76,569
Trade receivables40€73,249
Other amounts receivable41€3,320
Cash at bank and in hand54/58€319
Equity and liabilities
Total equity and liabilities10/49€82,888
Equity10/15-€730
Contributions10/11€3,000
Profit (loss) carried forward14-€3,730
Amounts payable17/49€83,618
Amounts payable within one year42/48€83,618
Trade debts44€72,109
Suppliers440/4€72,109
Taxes, remuneration and social security45€11,509
Remuneration and social security454/9€11,509
Line2025
Profit (loss) for the period9904-€3,730
Operating cash flow (approximation)-€3,730

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 232 companies had the same profile as DB GROUP has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
96.1% was still going
2.2% stopped otherwise
1.7% went bankrupt

That fits the bankruptcy probability of DB GROUP itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 232 companies, not a prediction for DB GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-04-2026 2026-00103699 PDF

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