DB IMMO
ActiveSummary
DB IMMO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,700 and a net result of -€2,344. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-75
Solvency73▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.23 in 2023; short-term debt: 49.2% and cash: 0.2% of total assets), but 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
47.6%
Return on assets
-0.9%
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 25-09-2025, 56 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
27 d late
2022
30 d late
2021
2 d early
2020
66 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
-€2,344
2023 · €62,466
Working capital
€139,312▲ 4.1%
2023 · €133,792
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
Turnover€0
Operating result€56,889▲ 714%€40,884▼ 28.1%€11,922▼ 70.8%€102,855▲ 763%€3,622▼ 96.5%
Net result€29,545▲ 399%€25,212▼ 14.7%€1,328▼ 94.7%€62,466▲ 4,604%-€2,344
Equity€44,038▲ 204%€69,250▲ 57.2%€70,578▲ 1.9%€133,044▲ 88.5%€130,700▼ 1.8%
Total assets€1.1m▲ 276%€1.5m▲ 39.5%€1.2m▼ 21.9%€259,135▼ 77.5%€274,728▲ 6.0%
Debt€1.0m▲ 280%€1.4m▲ 38.8%€1.1m▼ 23.1%€126,091▼ 88.4%€144,028▲ 14.2%
Working capital€651,193▲ 280%€373,768▼ 42.6%€68,863▼ 81.6%€133,792▲ 94.3%€139,312▲ 4.1%
Staff (FTE)1.1▲ 83.3%1.6▲ 45.5%1.5▼ 6.3%1.5=
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 96% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274,728
Fixed assets
€252 ▼ 98.5%
Current assets
€274,476 ▲ 13.3%
Equity and liabilities €274,728
Equity
€130,700 ▼ 1.8%
Debt
€144,028 ▲ 14.2%
Debt's share of the balance-sheet total rises from 48.7% to 52.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,044▼
2023 · €109,083
Cash flow
-€923▼
2023 · €68,694
Current ratio
2.03▼
2023 · 2.23
Quick ratio
0.36▲
2023 · 0.22
Debt to equity
1.10▲
2023 · 0.95
ROE
-1.8%▼
2023 · 47.0%
ROA
-0.9%▼
2023 · 24.1%
Interest coverage
0.73▼
2023 · 13.88
Debt ≤ 1 year
€135,164▲
2023 · €108,549
Debt > 1 year
€0▼
2023 · €8,677
Income taxes
€29▼
2023 · €32,530
Staff costs
-€3,623▼
2023 · €54,254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 3,440 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €63,476 | €57,030 | €54,254 | -€3,623 | ▼ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,388 | €882 | €4,505 | €6,228 | €1,422 | ▼ 77.2% |
| Other operating charges640/8 | - | €55 | €22,761 | €2,449 | €27,976 | ▲ 1,042% |
| Gross operating margin9900 | €85,676 | €105,297 | €96,219 | €165,786 | €29,397 | ▼ 82.3% |
| Operating profit (loss)9901 | €56,889 | €40,884 | €11,922 | €102,855 | €3,622 | ▼ 96.5% |
| Financial income75/76B | - | - | €4,390 | €0 | €978 | - |
| Recurring financial income75 | €337 | - | €4,390 | €0 | €978 | - |
| Financial charges65/66B | - | €5,602 | €14,629 | €7,858 | €6,916 | ▼ 12.0% |
| Recurring financial charges65 | €14,974 | €5,602 | €14,629 | €7,858 | €6,916 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €42,253 | €35,282 | €1,684 | €94,996 | -€2,316 | ▼ 102% |
| Income taxes67/77 | €12,708 | €10,070 | €356 | €32,530 | €29 | ▼ 99.9% |
| Profit (loss) for the period9904 | €29,545 | €25,212 | €1,328 | €62,466 | -€2,344 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €29,545 | €25,212 | €1,328 | €62,466 | -€2,344 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.2m | €259,135 | €274,728 | ▲ 6.0% |
| Fixed assets21/28 | €2,538 | €4,346 | €23,022 | €16,794 | €252 | ▼ 98.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €2,338 | €4,146 | €22,822 | €16,594 | €52 | ▼ 99.7% |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €4,146 | €3,219 | €1,474 | €52 | ▼ 96.4% |
| Leasing and similar rights25 | - | - | €19,603 | €15,120 | €0 | ▼ 100% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €1.1m | €1.5m | €1.1m | €242,341 | €274,476 | ▲ 13.3% |
| Stocks and contracts in progress3 | €845,659 | €454,580 | €165,000 | €218,897 | €226,381 | ▲ 3.4% |
| Stocks30/36 | - | €454,580 | €165,000 | €218,897 | €226,381 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €188,206 | €937,979 | €909,061 | €23,124 | €47,506 | ▲ 105% |
| Trade receivables40 | - | €914,975 | €787,312 | €0 | €23,897 | - |
| Other amounts receivable41 | - | €23,003 | €121,749 | €23,124 | €23,609 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €20,705 | €80,592 | €54,871 | €213 | €588 | ▲ 177% |
| Deferred charges and accrued income490/1 | - | €0 | €1,534 | €108 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.2m | €259,135 | €274,728 | ▲ 6.0% |
| Equity10/15 | €44,038 | €69,250 | €70,578 | €133,044 | €130,700 | ▼ 1.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €25,438 | €50,650 | €51,978 | €114,444 | €112,100 | ▼ 2.0% |
| Amounts payable17/49 | €1.0m | €1.4m | €1.1m | €126,091 | €144,028 | ▲ 14.2% |
| Amounts payable after more than one year17 | €600,000 | €300,000 | €12,442 | €8,677 | €0 | ▼ 100% |
| Financial debts170/4 | - | €0 | €12,442 | €8,677 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €300,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €405,028 | €1.1m | €1.1m | €108,549 | €135,164 | ▲ 24.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4,237 | €4,353 | €0 | ▼ 100% |
| Financial debts43 | - | - | €0 | €3 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0 | €3 | €0 | ▼ 100% |
| Trade debts44 | €59,986 | €178,992 | €886,597 | €28,340 | €43,730 | ▲ 54.3% |
| Suppliers440/4 | - | €178,992 | €886,597 | €28,340 | €43,730 | ▲ 54.3% |
| Advances received on contracts in progress46 | - | €628,355 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €66,717 | €86,582 | €70,367 | €40,869 | ▼ 41.9% |
| Taxes450/3 | - | €38,550 | €55,941 | €39,233 | €28,144 | ▼ 28.3% |
| Remuneration and social security454/9 | - | €28,167 | €30,641 | €31,134 | €12,724 | ▼ 59.1% |
| Other amounts payable47/48 | - | €225,318 | €84,188 | €5,485 | €50,565 | ▲ 822% |
| Accrued charges and deferred income492/3 | - | €8,864 | €8,864 | €8,864 | €8,864 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,545 | €25,212 | €1,328 | €62,466 | -€2,344 | ▼ 104% |
| + Depreciation and write-downs630 | €1,388 | €882 | €4,505 | €6,228 | €1,422 | ▼ 77.2% |
| Operating cash flow (approximation) | €30,933 | €26,093 | €5,833 | €68,694 | -€923 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€2,690 | -€23,181 | €0 | €15,120 | - |
| Change in cash | - | €59,887 | -€25,721 | -€54,658 | €376 | ▲ 101% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet -€2,344
Net result drops to -€2,344, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €62,466 ▲4,604%
Operating result €102,855, net result €62,466, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.06 to 2.23; short-term debt falls from €1.1m to €108,549.
31-12
Financial
Equity above €100,000Eq €133,044 ▲88.5%
6 profitable years in a row build equity to €133,044.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.27 to 2.59.
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 100 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 112 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Flémalle · 1 establishment unit since 2017
Ground area
3,264 m²
Building footprint
151 m²
Volume, LiDAR
873 m³
Parcel 62055C0918/00Z004, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SB CHASSIS
since 20172.263.432.147
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0918/00Z004 | Wallonia | 3,264 m² | 1 · 151 m² | 6.9 m · 2 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.
Similar companies · same sector, comparable size
ARQUIMMO SERVICES
BE 0891.384.072
Seneffe · Eq €130,663
ALBOUW BBK
BE 0748.891.171
Knokke-Heist · Eq €130,591
MATALA CONSTRUCT
BE 0744.451.145
Kortrijk · Eq €130,448
WINSOR
BE 0865.929.292
Brussel · Eq €131,177
Vast Goed Plan
BE 0682.764.489
Asse · Eq €130,221
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,343 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
Founded07-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672479323
Also
9925:BE0672479323
Registered
11-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.