DB-PIXELS
ActiveSummary
The computed 12-month bankruptcy probability of DB-PIXELS is 3.2% (moderate). The 2025 annual accounts show equity of €2,323 and a net result of €51. Equity has been growing by about 242% per year since 2023. Its solvency ranks better than 15% of 4,342 sector peers (NACE 74, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-05-2022 Normal situation
- Activity
- Photography, excluding press photography NACE 74201and 3 others
- Establishment unit
- 2.331.636.609 9300 Aalst, since 01-06-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 31-10-2023
Board and ownership
- DE BRUYN Koen Emiel RachelDirector · since 17-05-2022
- DE BRUYN Koen Emiel Rachel100 sharesact of 25-05-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.2%
- Gross margin
- €24,347
- ▼ 10.3%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €51
- ▼ 97.5%
- Equity
- €2,323
- ▲ 2.3%
- Total assets
- €127,734
- ▲ 8.4%
Score breakdownraises risk2 changes of registered office in 24 monthsFounded in 2022Equity €2,323 (1.8% of total assets)lowers riskSector: Other professional, scientific and technical activities (NACE 74)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 16% of them on solvency, 9% on liquidity, 37% on profitability and 46% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average on the deadline day. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-01-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 88% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €92,130 | €15,133 | €8,706 |
| Intangible fixed assets | €22,057 | - | €2,171 |
| Financial fixed assets | €250 | - | - |
| Depreciation and write-downs of the year | €15,217 | €21,881 | €23,097 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €242 awarded · €242 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €96 | €96 |
| 2023 | 1 | €53 | €53 |
| 2022 | 1 | €93 | €93 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,217 | €21,881 | €23,097 | ▲ 5.6% |
| Other operating charges640/8 | €1,026 | €670 | €714 | ▲ 6.4% |
| Gross operating margin9900 | €6,902 | €27,137 | €24,347 | ▼ 10.3% |
| Operating profit (loss)9901 | -€9,341 | €4,557 | €536 | ▼ 88.2% |
| Financial income75/76B | €26 | €0 | €587 | ▲ 29,357× |
| Recurring financial income75 | €26 | €0 | €587 | ▲ 29,357× |
| Financial charges65/66B | €2,487 | €2,161 | €972 | ▼ 55.0% |
| Recurring financial charges65 | €2,487 | €2,161 | €972 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | -€11,801 | €2,396 | €151 | ▼ 93.7% |
| Income taxes67/77 | - | €323 | €100 | ▼ 69.0% |
| Profit (loss) for the period9904 | -€11,801 | €2,073 | €51 | ▼ 97.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,801 | €2,073 | €51 | ▼ 97.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €118,616 | €117,870 | €127,734 | ▲ 8.4% |
| Fixed assets21/28 | €99,221 | €91,108 | €78,888 | ▼ 13.4% |
| Intangible fixed assets21 | €19,698 | €17,492 | €16,749 | ▼ 4.2% |
| Tangible fixed assets22/27 | €79,273 | €73,366 | €61,888 | ▼ 15.6% |
| Plant, machinery and equipment23 | €41,914 | €42,694 | €40,330 | ▼ 5.5% |
| Furniture and vehicles24 | €29,469 | €24,550 | €17,205 | ▼ 29.9% |
| Leasing and similar rights25 | €7,890 | €6,122 | €4,353 | ▼ 28.9% |
| Financial fixed assets28 | €250 | €250 | €250 | = |
| Current assets29/58 | €19,395 | €26,762 | €48,846 | ▲ 82.5% |
| Amounts receivable within one year40/41 | €15,115 | €25,764 | €18,522 | ▼ 28.1% |
| Trade receivables40 | €14,409 | €25,071 | €18,453 | ▼ 26.4% |
| Other amounts receivable41 | €706 | €693 | €69 | ▼ 90.1% |
| Current investments50/53 | - | - | €12,000 | - |
| Cash at bank and in hand54/58 | - | €516 | €15,371 | ▲ 30× |
| Deferred charges and accrued income490/1 | €4,279 | €482 | €2,954 | ▲ 513% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €118,616 | €117,870 | €127,734 | ▲ 8.4% |
| Equity10/15 | €199 | €2,272 | €2,323 | ▲ 2.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€4,801 | -€2,728 | -€2,677 | ▲ 1.9% |
| Amounts payable17/49 | €118,417 | €115,598 | €125,411 | ▲ 8.5% |
| Amounts payable after more than one year17 | €46,436 | €28,284 | €11,070 | ▼ 60.9% |
| Financial debts170/4 | €46,436 | €28,284 | €11,070 | ▼ 60.9% |
| Amounts payable within one year42/48 | €71,981 | €87,314 | €114,340 | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | €19,220 | €18,071 | €15,717 | ▼ 13.0% |
| Financial debts43 | €2,724 | - | - | - |
| Credit institutions430/8 | €2,724 | - | - | - |
| Trade debts44 | €4,373 | €3,399 | €28,509 | ▲ 739% |
| Suppliers440/4 | €4,373 | €3,399 | €28,509 | ▲ 739% |
| Taxes, remuneration and social security45 | - | €323 | €2,238 | ▲ 593% |
| Taxes450/3 | - | €323 | €2,238 | ▲ 593% |
| Other amounts payable47/48 | €45,665 | €65,521 | €67,877 | ▲ 3.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,801 | €2,073 | €51 | ▼ 97.5% |
| + Depreciation and write-downs630 | €15,217 | €21,881 | €23,097 | ▲ 5.6% |
| Operating cash flow (approximation) | €3,415 | €23,954 | €23,149 | ▼ 3.4% |
| Investment in fixed assets (approximation) | - | -€13,768 | -€10,877 | ▲ 21.0% |
| Change in cash | - | - | €14,855 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,135 companies had the same profile as DB-PIXELS has now. Two years later, 92.0% were still going and 5.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DB-PIXELS itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for DB-PIXELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- DE BRUYN Koen Emiel Rachel 100 shares (100%) · €5,000
Capital transactions
- 25-05-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 25-05-2022 (in Dutch)
Network & group
DB-PIXELS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DB-PIXELS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-03
Gazette deed
Registered office moved within AalstNew seat: Lambrechtstraat 24, 9300 Aalst · Previous seat: Pachthofstraat 110A bus 12, 9308 Aalst2 points ▸
- Board meeting, 23-02-2026
- Registered-office move, Lambrechtstraat 24, 9300 Aalst
14-04
Gazette deed
Registered office moved from Aalst to Aalst - GijzegemNew seat: Pachthofstraat 110A bus 12 te 9308 Aalst - Gijzegem · Previous seat: Lambrechtstraat 24, 9300 Aalst2 points ▸
- Registered-office move, Pachthofstraat 110A bus 12 te 9308 Aalst - Gijzegem
- Director in office, Koen De Bruyn
- The act holds 1 more point.
25-05
Gazette deed
IncorporationFounding capital of €5,000, 100 shares · Founder: DE BRUYN Koen Emiel Rachel · Appointment: DE BRUYN Koen Emiel Rachel (director)8 points ▸
- Founder, DE BRUYN Koen Emiel Rachel
- Founding capital, €5,000, 100 shares
- Capital, €5,000
- Registered office clause, Lambrechtstraat 24, 9300 Aalst
- Board rule, 1
- Director appointment, DE BRUYN Koen Emiel Rachel
- Power of attorney, Demaco BV
- Power of attorney, Daniël de Maagd
- The act holds 9 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
DB-PIXELS was incorporated on 23 May 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office moved to Aalst - Gijzegem in 2025 and to Aalst in 2026.34 Since 2022, DE BRUYN Koen Emiel Rachel has served as director.5 Total assets went from €118,616 in 2023 to €127,734 in 2025.6
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Pachthofstraat 110A bus 12, 9308 Aalst until 01-03-2026 · act of 10-03-2026
- Lambrechtstraat 24, 9300 Aalst until 15-02-2025 · act of 14-04-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41304F0443/00S002 | Flanders | 264 m² | 1 · 141 m² | 8.8 m · 1 |