Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
The abbreviated format states no turnover.
€5.7m of the debts are secured on the company's own assets. In 2021 that was €2.3m.
Between 2020 and 2025, 54% of the full-time equivalents disappeared.
Three of the last ten came late. The 2020 accounts came latest: 27 days after the end of the period.
Lower solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,905 companies.
In July 2024, 6,619 companies had the same profile as DB & S has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,619 companies, not a prediction for DB & S. 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.
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| Company | ||||
|---|---|---|---|---|
| DB & S Hooglede | €6.3m | €2.5m | -83.6% | 9.9 |
| A.L.M. Pittem | €5.6m | €3.4m | 57.2% | 7.4 |
| SODELUX Libramont-Chevigny | €8.3m | €2.5m | 55.5% | 11.9 |
| Oben Building Machines Bilzen-Hoeselt | €6.0m | €2.4m | 87.8% | 13.9 |
| HYUNDAI MACHINES BELGIUM Beringen | €6.6m | €1.7m | 14.1% | 14.1 |
| HYDROMAT Welkenraedt | €5.0m | €1.6m | 41.8% | 12.7 |
| ROB-UNITS Londerzeel | €4.4m | €2.2m | 36.5% | 5.1 |
These companies have the same main activity as DB & S: wholesale trade (NACE 46630). They are comparable in size and age: total assets between €4.4m and €8.3m, founded between 1988 and 2002.
DB & S files the abbreviated format. That format states no turnover. The gross margin rose from €626,857 in 2006 to €2.5m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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