DB-M Cargo
ActiveThe computed 12-month bankruptcy probability of DB-M Cargo is 1.8% (moderate). The 2024 annual accounts show equity of €8k and a net result of €-6k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 6717 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+6
Solvency34▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
9.3%
Return on assets
-6%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 6717 sector peers (2024).
NBB · sector comparisonPosition among 6717 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
13 d early
2022
72 d late
2021
264 d late
2020
23 d late
2019
33 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 39.4%
2023 · €14k
2018: €-3k
2019: €296
2020: €10k
2021: €10k
2022: €14k
2023: €14k
2018 → 2024
Total assets
€92k▼ 30.2%
2023 · €131k
2018: €28
2019: €6k
2020: €17k
2021: €14k
2022: €182k
2023: €131k
2018 → 2024
Net result
€-6k▼ 2,975%
2023 · €-179
2018: €5k
2019: €4k
2020: €10k
2021: €-15
2022: €4k
2023: €-179
2018 → 2024
Working capital
€-37k▼ 36.8%
2023 · €-27k
2018: €-3k
2019: €296
2020: €10k
2021: €10k
2022: €-9k
2023: €-27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€10k▼ 0.1%€14k▲ 40.6%€14k▼ 1.3%€8k▼ 39.4%
Operating result€10k-€115▼ 98.9%€7k▲ 5,884%€4k▼ 38.5%€-2k
Net result€10k-€-15€4k€-179€-6k▼ 2,975%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €4k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€84k▼ 24.9%
Current assets
€7k▼ 61.6%
Equity and liabilities €92k
Equity
€8k▼ 39.4%
Debt
€83k▼ 29.1%
The debt ratio rises from 89.3% to 90.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26k▲
2023 · €19k
Cash flow
€22k▲
2023 · €15k
Solvency
9.3%▼
2023 · 10.7%
Current ratio
0.17▼
2023 · 0.42
Quick ratio
0.17▼
2023 · 0.42
Debt / equity
9.80▲
2023 · 8.38
ROE
-65.1%▼
2023 · -1.3%
ROA
-6.0%▼
2023 · -0.1%
Interest coverage
7.55▲
2023 · 4.42
Debt
€83k▼
2023 · €117k
Debt ≤ 1 year
€44k▼
2023 · €46k
Debt > 1 year
€38k▼
2023 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€131k€92k▼
Fixed assets21/28€112k€84k▼
Tangible fixed assets22/27€112k€84k▼
Furniture and vehicles24€112k€84k▼
Current assets29/58€19k€7k▼
Amounts receivable within one year40/41€17k€6k▼
Trade receivables40€16k€5k▼
Other amounts receivable41€922€922=
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€131k€92k▼
Equity10/15€14k€8k▼
Contributions10/11€13k€13k=
Outside capital11€13k€13k=
Other1109/19€13k€13k=
Reserves13-€1k
Distributable reserves133-€1k
Profit (loss) carried forward14€1k€-6k▼
Amounts payable17/49€117k€83k▼
Amounts payable after more than one year17€70k€38k▼
Financial debts170/4€70k€38k▼
Amounts payable within one year42/48€46k€44k▼
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€581€2k▲
Suppliers440/4€581€2k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€5k€4k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€28k▲
Other operating charges640/8€440-
Gross operating margin9900€20k€26k▲
Operating profit (loss)9901€4k€-2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-108€-6k▼
Income taxes67/77€71-
Profit (loss) for the period9904€-179€-6k▼
Profit (loss) for the period to be appropriated9905€-179€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-4k▼
Profit (loss) brought forward from the previous period14P€2k€1k▼
Transfer to equity691/2-€1k
To other reserves6921-€1k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 264 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲178%
Operating result €10k, net result €10k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.06 to 2.52.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Liquidity times 123current ratio 1.06
Current ratio from 0.01 to 1.06.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Affligem · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schaapschuur 41790 AffligemGround area
5,489 m²
Building footprint
324 m²
Volume, LiDAR
78 m³
Parcel 23030B0339/00T002, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
DB-M Cargo
since 20252.373.506.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030B0339/00T002 | Flanders | 5,488 m² | 1 · 324 m² | 2.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
CATRAFIN
BE 0453.444.910
Koekelare · Eq €8k
TRANSPORT A&S RAMART
BE 0505.694.850
Nivelles · Eq €8k
BV-TRANS
BE 0773.482.552
Vosselaar · Eq €8k
AR TRANSPORT SERVICE
BE 0797.457.388
Vilvoorde · Eq €8k
SEVER TRANS
BE 0793.304.897
Wemmel · Eq €9k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 3,630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2011
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52100Warehousing and storage
52210Service activities incidental to land transportation
52260Warehousing and support activities for transportation
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.