DB IMMO
ActiveSummary
DB IMMO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €480,174 and a net result of €98,074. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 51% of 148 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+12
Solvency64▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.41 in 2024; short-term debt: 33.1% and cash: 0.6% of total assets), and 61.2% of the assets are financed with debt.
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Signals
Seven 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 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer 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 2025Solvency, return and age of the figures
Solvency
38.8%
Return on assets
7.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
1819202122232425
2018 to 2025 · latest year €480,174
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
8 d early
2023
13 d early
2022
25 d early
2021
9 d early
2020
4 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€98,074
2024 · -€20,830
Working capital
-€277,415▼ 10.7%
2024 · -€250,660
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,064▼ 22.0%-€2,985-€63,057▼ 2,013%-€4,489▲ 92.9%€113,417
Net result€33,294within the sector's middle half▼ 21.3%-€18,729within the sector's middle half-€80,325below the sector's middle half▼ 329%-€20,830below the sector's middle half▲ 74.1%€98,074within the sector's middle half
Equity€501,985within the sector's middle half▲ 7.1%€483,256within the sector's middle half▼ 3.7%€402,931within the sector's middle half▼ 16.6%€382,101within the sector's middle half▼ 5.2%€480,174within the sector's middle half▲ 25.7%
Total assets€1.6mwithin the sector's middle half▼ 7.6%€1.5mwithin the sector's middle half▼ 3.5%€1.4mwithin the sector's middle half▼ 7.3%€1.3mwithin the sector's middle half▼ 10.9%€1.2mwithin the sector's middle half▼ 2.8%
Debt€1.1m▼ 13.1%€1.1m▼ 3.4%€1.0m▼ 3.0%€889,319▼ 13.1%€755,975▼ 15.0%
Working capital-€190,392▲ 28.2%-€203,806▼ 7.0%-€261,730▼ 28.4%-€250,660▲ 4.2%-€277,415▼ 10.7%
Solvency31.5%within the sector's middle half▲ 4.3pp31.4%within the sector's middle half▼ 0.1pp28.2%within the sector's middle half▼ 3.2pp30.1%within the sector's middle half▲ 1.8pp38.8%within the sector's middle half▲ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €113,417 after a loss of €4,489 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▲ 0.9%
Current assets
€132,188 ▼ 25.3%
Equity and liabilities €1.2m
Equity
€480,174 ▲ 25.7%
Debt
€755,975 ▼ 15.0%
Debt's share of the balance-sheet total falls from 69.9% to 61.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142,214▼
2024 · €161,311
Cash flow
€126,870▼
2024 · €144,970
Current ratio
0.32▼
2024 · 0.41
Quick ratio
0.32▼
2024 · 0.41
Debt to equity
1.57▼
2024 · 2.33
ROE
20.4%▲
2024 · -5.5%
ROA
7.9%▲
2024 · -1.6%
Interest coverage
8.60▼
2024 · 9.80
Debt ≤ 1 year
€409,603▼
2024 · €427,598
Debt > 1 year
€332,750▼
2024 · €453,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 17,792 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €169,086 | €165,325 | €165,925 | €165,800 | €28,796 | ▼ 82.6% |
| Other operating charges640/8 | €56,307 | €60,224 | €72,454 | €64,288 | €74,321 | ▲ 15.6% |
| Gross operating margin9900 | €275,457 | €222,564 | €175,322 | €225,599 | €216,535 | ▼ 4.0% |
| Operating profit (loss)9901 | €50,064 | -€2,985 | -€63,057 | -€4,489 | €113,417 | ▲ 2,627% |
| Financial income75/76B | €762 | €604 | - | €115 | €1,199 | ▲ 943% |
| Recurring financial income75 | €762 | €604 | - | €115 | €1,199 | ▲ 943% |
| Non-recurring financial income76B | €762 | - | - | - | - | - |
| Financial charges65/66B | €17,532 | €16,349 | €17,268 | €16,456 | €16,543 | ▲ 0.5% |
| Recurring financial charges65 | €17,532 | €16,349 | €17,268 | €16,456 | €16,543 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €33,294 | -€18,729 | -€80,325 | -€20,830 | €98,074 | ▲ 571% |
| Profit (loss) for the period9904 | €33,294 | -€18,729 | -€80,325 | -€20,830 | €98,074 | ▲ 571% |
| Profit (loss) for the period to be appropriated9905 | €33,294 | -€18,729 | -€80,325 | -€20,830 | €98,074 | ▲ 571% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 2.8% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.2m | €1.1m | €1.1m | ▲ 0.9% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.2m | €1.1m | €1.1m | ▲ 0.9% |
| Land and buildings22 | €1.5m | €1.4m | €1.2m | €1.1m | €1.1m | ▲ 0.9% |
| Current assets29/58 | €73,856 | €149,782 | €184,295 | €176,938 | €132,188 | ▼ 25.3% |
| Amounts receivable after more than one year29 | - | - | - | €67,147 | €50,834 | ▼ 24.3% |
| Other amounts receivable291 | - | - | - | €67,147 | €50,834 | ▼ 24.3% |
| Stocks and contracts in progress3 | - | €23,910 | €15,000 | €2,360 | €2,520 | ▲ 6.8% |
| Stocks30/36 | - | €23,910 | €15,000 | €2,360 | €2,520 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €28,578 | €113,187 | €127,725 | €73,054 | €42,079 | ▼ 42.4% |
| Trade receivables40 | €27,404 | €104,451 | €117,187 | €69,331 | €40,955 | ▼ 40.9% |
| Other amounts receivable41 | €1,174 | €8,736 | €10,538 | €3,724 | €1,124 | ▼ 69.8% |
| Cash at bank and in hand54/58 | €37,568 | €2,664 | €12,109 | €4,884 | €7,262 | ▲ 48.7% |
| Deferred charges and accrued income490/1 | €7,709 | €10,021 | €29,460 | €29,493 | €29,493 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 2.8% |
| Equity10/15 | €501,985 | €483,256 | €402,931 | €382,101 | €480,174 | ▲ 25.7% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Issued capital100 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Outside capital11 | €2,218 | €2,218 | €2,218 | €2,218 | €2,218 | = |
| Share premium1100/10 | €2,218 | €2,218 | €2,218 | €2,218 | €2,218 | = |
| Reserves13 | €301,656 | €301,656 | €301,656 | €301,656 | €301,656 | = |
| Non-distributable reserves130/1 | €301,656 | €301,656 | €301,656 | €301,656 | €301,656 | = |
| Legal reserve130 | €301,656 | €301,656 | €301,656 | €301,656 | €301,656 | = |
| Profit (loss) carried forward14 | -€2.8m | -€2.8m | -€2.9m | -€2.9m | -€2.8m | ▲ 3.3% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.0m | €889,319 | €755,975 | ▼ 15.0% |
| Amounts payable after more than one year17 | €805,386 | €690,116 | €572,941 | €453,829 | €332,750 | ▼ 26.7% |
| Financial debts170/4 | €805,386 | €690,116 | €572,941 | €453,829 | €332,750 | ▼ 26.7% |
| Amounts payable within one year42/48 | €264,248 | €353,589 | €446,025 | €427,598 | €409,603 | ▼ 4.2% |
| Current portion of amounts payable after more than one year42 | €113,397 | €115,271 | €117,175 | €119,111 | €121,080 | ▲ 1.7% |
| Trade debts44 | €44,994 | €15,842 | €81,638 | €65,173 | €28,896 | ▼ 55.7% |
| Suppliers440/4 | €44,994 | €15,842 | €81,638 | €65,173 | €28,896 | ▼ 55.7% |
| Taxes, remuneration and social security45 | €11,231 | €1,154 | €9,210 | €6,314 | €14,249 | ▲ 126% |
| Taxes450/3 | €11,231 | €1,154 | €9,210 | €6,314 | €14,249 | ▲ 126% |
| Other amounts payable47/48 | €94,627 | €221,322 | €238,002 | €237,000 | €245,378 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | €22,704 | €11,838 | €4,847 | €7,891 | €13,622 | ▲ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,294 | -€18,729 | -€80,325 | -€20,830 | €98,074 | ▲ 571% |
| + Depreciation and write-downs630 | €169,086 | €165,325 | €165,925 | €165,800 | €28,796 | ▼ 82.6% |
| Operating cash flow (approximation) | €202,380 | €146,595 | €85,600 | €144,970 | €126,870 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€33,873 | -€19,358 | -€17,832 | -€38,276 | ▼ 115% |
| Change in cash | - | -€34,905 | €9,446 | -€7,225 | €2,378 | ▲ 133% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €98,074
Net result €98,074 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€80,325
Net result drops to -€80,325, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500,000Eq €501,985 ▲7.1%
2 profitable years in a row build equity to €501,985.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €42,295
Net result €42,295 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2012
21-08
State Gazette act
General meeting · Demerger
Capital decrease · Capital
13-06
State Gazette act
Board meeting · Demerger
Share issue · Accounting effect
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Etterbeek · 1 establishment unit since 2012
Ground area
7,552 m²
Building footprint
4,038 m²
Volume, LiDAR
33,275 m³
2 parcels, Brussels, Wallonia · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
De Boeck Superieur
since 20122.210.471.038
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25384B0047/00P000 | Wallonia | 7,137 m² | 1 · 3,898 m² | 10.8 m · 3 fl. |
| 21005A0579/00P006 | Brussels | 415 m² | 1 · 140 m² | 20.6 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
- PARPIMO
- DB IMMO
Highest known parent: PARPIMO. The sources do not say who stands above it.
Owners 1
- PARPIMOparentSourceaccounts PARPIMO 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionReceived in a demerger part of:GROUPE DE BOECK
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Of 500 companies in sector 58130 we hold annual accounts for 248. 155 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
58110Book publishing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846226614
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.