DB PROJECTS BOUWWERKEN
ActiveSummary
The computed 12-month bankruptcy probability of DB PROJECTS BOUWWERKEN is 2.3% (moderate). The 2024 annual accounts show equity of €109k and a net result of €51k. Equity is growing by ~80.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 2096 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-10
Solvency62=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.1 in 2023; short-term debt: 34.8% and cash: 26.7% of total assets), but 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
65 d late
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€109k▲ 87.2%
2023 · €58k
2022: €15k
2023: €58k
2022 → 2024
Total assets
€298k▲ 91.8%
2023 · €155k
2022: €18k
2023: €155k
2022 → 2024
Net result
€51k▼ 3.8%
2023 · €53k
2022: €9k
2023: €53k
2022 → 2024
Working capital
€55k▲ 551%
2023 · €8k
2022: €15k
2023: €8k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€15k-€58k▲ 277%€109k▲ 87.2%
Operating result€13k-€71k▲ 428%€73k▲ 2.4%
Net result€9k-€53k▲ 459%€51k▼ 3.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 2% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €298k
Fixed assets
€140k ▲ 133%
Current assets
€158k ▲ 65.8%
Equity and liabilities €298k
Equity
€109k ▲ 87.2%
Debt
€189k ▲ 94.5%
Debt's share of the balance-sheet total rises from 62.6% to 63.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91k▲
2023 · €74k
Cash flow
€69k▲
2023 · €55k
Current ratio
1.53▲
2023 · 1.10
Quick ratio
1.47▲
2023 · 1.10
Debt to equity
1.74▲
2023 · 1.67
ROE
46.6%▼
2023 · 90.7%
ROA
17.0%▼
2023 · 33.9%
Interest coverage
26.58▼
2023 · 32.34
Debt ≤ 1 year
€104k▲
2023 · €87k
Debt > 1 year
€86k▲
2023 · €9k
Income taxes
€19k▲
2023 · €17k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€155k€298k▲
Fixed assets21/28€60k€140k▲
Tangible fixed assets22/27€57k€137k▲
Plant, machinery and equipment23€17k€35k▲
Furniture and vehicles24€40k€101k▲
Financial fixed assets28€3k€3k=
Current assets29/58€95k€158k▲
Stocks and contracts in progress3-€5k
Stocks30/36-€5k
Amounts receivable within one year40/41€87k€70k▼
Trade receivables40€62k€40k▼
Other amounts receivable41€24k€30k▲
Cash at bank and in hand54/58€9k€80k▲
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€155k€298k▲
Equity10/15€58k€109k▲
Contributions10/11€6k€6k=
Reserves13€52k€103k▲
Distributable reserves133€52k€103k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€97k€189k▲
Amounts payable after more than one year17€9k€86k▲
Financial debts170/4€9k€86k▲
Amounts payable within one year42/48€87k€104k▲
Current portion of amounts payable after more than one year42€14k€38k▲
Trade debts44€56k€52k▼
Suppliers440/4€56k€52k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Remuneration and social security454/9-€70
Other amounts payable47/48€10k€1k▼
Accrued charges and deferred income492/3€860€0▼
Income statement
Code20232024
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€18k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€27k
Other operating charges640/8€743€2k▲
Gross operating margin9900€74k€123k▲
Operating profit (loss)9901€71k€73k▲
Financial income75/76B€697€933▲
Recurring financial income75€697€933▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€69k€70k▲
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€53k€51k▼
Profit (loss) for the period to be appropriated9905€53k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€51k▼
Transfer to equity691/2€43k€51k▲
To other reserves6921€43k€51k▲
Profit to be distributed694/7€10k€0▼
Directors or managers695€10k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €109k ▲87.2%
3 profitable years in a row build equity to €109k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Highest result since 2022net €53k ▲459%
Net result €53k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brugge · 1 establishment unit since 2022
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.
Prinses Paolalaan 528310 BruggeGround area
429 m²
Building footprint
84 m²
Parcel 31434C0203/00K004, Flanders. Linked by address, not a title deed.
1 establishment unit
DB PROJECTS BOUWWERKEN
since 20222.328.759.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0203/00K004 | Flanders | 429 m² | 1 · 84 m² | - |
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
VERLEDENS RENOVATIES
BE 0754.373.156
Harelbeke · Eq €108,845
RENO.TEMP
BE 0873.413.734
Enghien · Eq €108,870
OLIVEIRA RENO CLEAN
BE 0647.924.960
Nivelles · Eq €108,785
ACTICO BUILD SOLUTIONS
BE 0750.871.357
Halle · Eq €108,914
JADIBOUW
BE 0799.601.187
Kasterlee · Eq €108,917
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,062 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
23610Manufacture of other non-metallic mineral products
25110Manufacture of metal structures and parts of structures
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.