DB MANAGEMENT
ActiveSummary
DB MANAGEMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301k and a net result of €29k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-11
Solvency76▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.29 in 2024; short-term debt: 27.4% and cash: 4.8% of total assets), and 48.9% of the assets are financed with debt.
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Signals
Six 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 →
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
51.1%
Return on assets
5%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
28 d late
2023
62 d late
2022
51 d late
2021
11 d late
2020
12 d late
2019
22 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k▼ 70.3%
2024 · €98k
Working capital
€67k▲ 3.8%
2024 · €64k
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
Line20212022202320242025
Operating result€6k▼ 88.5%€60k€161k▲ 169%€56k▼ 65.4%
Net result€-22k€33k€98k▲ 199%€29k▼ 70.3%
Equity€216k▼ 9.2%€202k▼ 6.7%€235k▲ 16.3%€303k▲ 29.1%€301k▼ 0.7%
Total assets€666k▼ 23.6%€639k▼ 4.1%€695k▲ 8.9%€705k▲ 1.4%€589k▼ 16.5%
Debt€450k▼ 31.8%€437k▼ 2.9%€461k▲ 5.5%€402k▼ 12.8%€288k▼ 28.3%
Working capital€19k▼ 60.2%€2k▼ 87.3%€26k▲ 968%€64k▲ 144%€67k▲ 3.8%
Staff (FTE)0.5=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589k
Fixed assets
€360k ▼ 13.4%
Current assets
€228k ▼ 20.9%
Equity and liabilities €589k
Equity
€301k ▼ 0.7%
Debt
€288k ▼ 28.3%
Debt's share of the balance-sheet total falls from 57.0% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€91k▼
2024 · €195k
Cash flow
€65k▼
2024 · €133k
Current ratio
1.41▲
2024 · 1.29
Debt to equity
0.96▼
2024 · 1.33
ROE
9.7%▼
2024 · 32.5%
ROA
5.0%▼
2024 · 13.9%
Interest coverage
10.54▼
2024 · 15.35
Debt ≤ 1 year
€161k▼
2024 · €224k
Debt > 1 year
€127k▼
2024 · €178k
Income taxes
€18k▼
2024 · €50k
Staff costs
€14k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2k | - | €24k | €21k | €14k | ▼ 33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | - | €36k | €34k | €35k | ▲ 3.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-12k | - | - | - | - | - |
| Other operating charges640/8 | €3k | - | €17k | €20k | €22k | ▲ 11.4% |
| Gross operating margin9900 | €34k | - | €137k | €237k | €128k | ▼ 46.1% |
| Operating profit (loss)9901 | €6k | - | €60k | €161k | €56k | ▼ 65.4% |
| Financial income75/76B | €5k | - | €253 | €120 | €1 | ▼ 99.2% |
| Recurring financial income75 | €5k | - | €253 | €120 | €1 | ▼ 99.2% |
| Financial charges65/66B | €31k | - | €15k | €13k | €9k | ▼ 32.0% |
| Recurring financial charges65 | €10k | - | €15k | €13k | €9k | ▼ 32.0% |
| Non-recurring financial charges66B | €21k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-20k | - | €45k | €148k | €47k | ▼ 68.2% |
| Income taxes67/77 | €2k | - | €12k | €50k | €18k | ▼ 64.2% |
| Profit (loss) for the period9904 | €-22k | - | €33k | €98k | €29k | ▼ 70.3% |
| Profit (loss) for the period to be appropriated9905 | €-22k | - | €33k | €98k | €29k | ▼ 70.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €666k | €639k | €695k | €705k | €589k | ▼ 16.5% |
| Fixed assets21/28 | €514k | €523k | €467k | €416k | €360k | ▼ 13.4% |
| Tangible fixed assets22/27 | €450k | €459k | €403k | €410k | €352k | ▼ 14.0% |
| Land and buildings22 | €434k | €409k | €358k | €362k | €340k | ▼ 6.0% |
| Furniture and vehicles24 | €1k | €2k | €7k | €38k | €6k | ▼ 82.8% |
| Leasing and similar rights25 | €15k | €48k | €37k | €11k | €6k | ▼ 42.8% |
| Financial fixed assets28 | €64k | €64k | €64k | €6k | €8k | ▲ 26.7% |
| Current assets29/58 | €152k | €115k | €229k | €289k | €228k | ▼ 20.9% |
| Amounts receivable after more than one year29 | €106k | €98k | €98k | €98k | €98k | = |
| Trade receivables290 | €106k | €98k | €98k | €98k | €98k | = |
| Amounts receivable within one year40/41 | €44k | €16k | €129k | €89k | €100k | ▲ 13.0% |
| Trade receivables40 | €40k | €11k | €53k | €13k | €14k | ▲ 8.3% |
| Other amounts receivable41 | €3k | €5k | €77k | €76k | €86k | ▲ 13.8% |
| Cash at bank and in hand54/58 | - | - | - | €100k | €29k | ▼ 71.6% |
| Deferred charges and accrued income490/1 | €2k | €947 | €1k | €972 | €947 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €666k | €639k | €695k | €705k | €589k | ▼ 16.5% |
| Equity10/15 | €216k | €202k | €235k | €303k | €301k | ▼ 0.7% |
| Contributions10/11 | €110k | €110k | €110k | €110k | €110k | = |
| Capital10 | - | €110k | - | - | - | - |
| Issued capital100 | - | €110k | - | - | - | - |
| Reserves13 | €5k | €5k | €5k | €104k | €133k | ▲ 28.2% |
| Non-distributable reserves130/1 | €5k | €5k | €5k | - | - | - |
| Legal reserve130 | - | €5k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €5k | - | - | - |
| Other1319 | €5k | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €104k | €133k | ▲ 28.2% |
| Profit (loss) carried forward14 | €101k | €86k | €119k | €89k | €58k | ▼ 35.2% |
| Amounts payable17/49 | €450k | €437k | €461k | €402k | €288k | ▼ 28.3% |
| Amounts payable after more than one year17 | €317k | €324k | €259k | €178k | €127k | ▼ 28.7% |
| Financial debts170/4 | €315k | €324k | €256k | €178k | €127k | ▼ 28.7% |
| Other amounts payable178/9 | €3k | - | €3k | - | - | - |
| Amounts payable within one year42/48 | €133k | €113k | €202k | €224k | €161k | ▼ 28.0% |
| Current portion of amounts payable after more than one year42 | €51k | €47k | €56k | €37k | €32k | ▼ 14.3% |
| Financial debts43 | €61k | €50k | €52k | €35k | €41k | ▲ 15.6% |
| Credit institutions430/8 | €61k | €50k | €52k | €35k | €41k | ▲ 15.6% |
| Trade debts44 | €2k | €7k | €41k | €34k | €34k | ▲ 2.2% |
| Suppliers440/4 | €2k | €7k | €41k | €34k | €34k | ▲ 2.2% |
| Advances received on contracts in progress46 | - | - | €25k | €66k | - | - |
| Taxes, remuneration and social security45 | €17k | €8k | €27k | €22k | €23k | ▲ 1.7% |
| Taxes450/3 | €12k | €7k | €21k | €17k | €20k | ▲ 19.0% |
| Remuneration and social security454/9 | €5k | €1k | €6k | €6k | €3k | ▼ 48.8% |
| Other amounts payable47/48 | €1k | €896 | €896 | €30k | €31k | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | - | €33k | €98k | €29k | ▼ 70.3% |
| + Depreciation and write-downs630 | €35k | - | €36k | €34k | €35k | ▲ 3.1% |
| Operating cash flow (approximation) | €13k | - | €69k | €133k | €65k | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | €-9k | €21k | €16k | €20k | ▲ 25.6% |
| Change in cash | - | - | - | - | €-72k | - |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €98k ▲199%
Operating result €161k, net result €98k, both a record.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 62 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 51 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Etterbeek · 2 establishment units since 2022
Ground area
1.4 ha
Building footprint
1.1 ha
Volume, LiDAR
122,183 m³
3 parcels, Brussels, Wallonia · tallest building 34.4 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
2 establishment units
DB Management
since 20222.328.773.921
DB Management
since 20262.393.916.646
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 fl. |
| 92135B0177/00C000 | Wallonia | 904 m² | 1 · 171 m² | - |
| 92083B0402/00M002 | Wallonia | 762 m² | 1 · 59 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,966 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
Founded12-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.