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 €131k and a net result of €-2k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 19356 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 €7k 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.
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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 →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€-2k
2023 · €62k
Working capital
€139k▲ 4.1%
2023 · €134k
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€57k▲ 714%€41k▼ 28.1%€12k▼ 70.8%€103k▲ 763%€4k▼ 96.5%
Net result€30k▲ 399%€25k▼ 14.7%€1k▼ 94.7%€62k▲ 4,604%€-2k
Equity€44k▲ 204%€69k▲ 57.2%€71k▲ 1.9%€133k▲ 88.5%€131k▼ 1.8%
Total assets€1.06M▲ 276%€1.48M▲ 39.5%€1.15M▼ 21.9%€259k▼ 77.5%€275k▲ 6.0%
Debt€1.01M▲ 280%€1.41M▲ 38.8%€1.08M▼ 23.1%€126k▼ 88.4%€144k▲ 14.2%
Working capital€651k▲ 280%€374k▼ 42.6%€69k▼ 81.6%€134k▲ 94.3%€139k▲ 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 €275k
Fixed assets
€252 ▼ 98.5%
Current assets
€274k ▲ 13.3%
Equity and liabilities €275k
Equity
€131k ▼ 1.8%
Debt
€144k ▲ 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
€5k▼
2023 · €109k
Cash flow
€-923▼
2023 · €69k
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
€135k▲
2023 · €109k
Debt > 1 year
€0▼
2023 · €9k
Income taxes
€29▼
2023 · €33k
Staff costs
€-4k▼
2023 · €54k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €63k | €57k | €54k | €-4k | ▼ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €882 | €5k | €6k | €1k | ▼ 77.2% |
| Other operating charges640/8 | - | €55 | €23k | €2k | €28k | ▲ 1,042% |
| Gross operating margin9900 | €86k | €105k | €96k | €166k | €29k | ▼ 82.3% |
| Operating profit (loss)9901 | €57k | €41k | €12k | €103k | €4k | ▼ 96.5% |
| Financial income75/76B | - | - | €4k | €0 | €978 | - |
| Recurring financial income75 | €337 | - | €4k | €0 | €978 | - |
| Financial charges65/66B | - | €6k | €15k | €8k | €7k | ▼ 12.0% |
| Recurring financial charges65 | €15k | €6k | €15k | €8k | €7k | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €42k | €35k | €2k | €95k | €-2k | ▼ 102% |
| Income taxes67/77 | €13k | €10k | €356 | €33k | €29 | ▼ 99.9% |
| Profit (loss) for the period9904 | €30k | €25k | €1k | €62k | €-2k | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €30k | €25k | €1k | €62k | €-2k | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.06M | €1.48M | €1.15M | €259k | €275k | ▲ 6.0% |
| Fixed assets21/28 | €3k | €4k | €23k | €17k | €252 | ▼ 98.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €2k | €4k | €23k | €17k | €52 | ▼ 99.7% |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €4k | €3k | €1k | €52 | ▼ 96.4% |
| Leasing and similar rights25 | - | - | €20k | €15k | €0 | ▼ 100% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €1.06M | €1.47M | €1.13M | €242k | €274k | ▲ 13.3% |
| Stocks and contracts in progress3 | €846k | €455k | €165k | €219k | €226k | ▲ 3.4% |
| Stocks30/36 | - | €455k | €165k | €219k | €226k | ▲ 3.4% |
| Amounts receivable within one year40/41 | €188k | €938k | €909k | €23k | €48k | ▲ 105% |
| Trade receivables40 | - | €915k | €787k | €0 | €24k | - |
| Other amounts receivable41 | - | €23k | €122k | €23k | €24k | ▲ 2.1% |
| Cash at bank and in hand54/58 | €21k | €81k | €55k | €213 | €588 | ▲ 177% |
| Deferred charges and accrued income490/1 | - | €0 | €2k | €108 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.06M | €1.48M | €1.15M | €259k | €275k | ▲ 6.0% |
| Equity10/15 | €44k | €69k | €71k | €133k | €131k | ▼ 1.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €25k | €51k | €52k | €114k | €112k | ▼ 2.0% |
| Amounts payable17/49 | €1.01M | €1.41M | €1.08M | €126k | €144k | ▲ 14.2% |
| Amounts payable after more than one year17 | €600k | €300k | €12k | €9k | €0 | ▼ 100% |
| Financial debts170/4 | - | €0 | €12k | €9k | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €300k | €0 | - | - | - |
| Amounts payable within one year42/48 | €405k | €1.10M | €1.06M | €109k | €135k | ▲ 24.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €4k | €0 | ▼ 100% |
| Financial debts43 | - | - | €0 | €3 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0 | €3 | €0 | ▼ 100% |
| Trade debts44 | €60k | €179k | €887k | €28k | €44k | ▲ 54.3% |
| Suppliers440/4 | - | €179k | €887k | €28k | €44k | ▲ 54.3% |
| Advances received on contracts in progress46 | - | €628k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €67k | €87k | €70k | €41k | ▼ 41.9% |
| Taxes450/3 | - | €39k | €56k | €39k | €28k | ▼ 28.3% |
| Remuneration and social security454/9 | - | €28k | €31k | €31k | €13k | ▼ 59.1% |
| Other amounts payable47/48 | - | €225k | €84k | €5k | €51k | ▲ 822% |
| Accrued charges and deferred income492/3 | - | €9k | €9k | €9k | €9k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €25k | €1k | €62k | €-2k | ▼ 104% |
| + Depreciation and write-downs630 | €1k | €882 | €5k | €6k | €1k | ▼ 77.2% |
| Operating cash flow (approximation) | €31k | €26k | €6k | €69k | €-923 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €-3k | €-23k | €0 | €15k | - |
| Change in cash | - | €60k | €-26k | €-55k | €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.
More with these figures Sector benchmark What changed Value indication
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 €-2k
Net result drops to €-2k, 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 €62k ▲4,604%
Operating result €103k, net result €62k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.06 to 2.23; short-term debt falls from €1.06M to €109k.
31-12
Financial
Equity above €100kEq €133k ▲88.5%
6 profitable years in a row build equity to €133k.
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.
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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, 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 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
Scores and ratios are computed by Checked and are not a credit decision.