Equity
€369,760 ▼ 22.3%
DB Services HVAC paid out €110,000 in dividends. That is 2,763% of the 2025 profit.
DB Services HVAC
Lifetime
14 annual accounts with figures on one time axispeak €1.2m (2023)
€1.1m▼ 3.6%
lowest -€14,191 (2013)
€3,982▼ 96.6%
peak €667,392 (2020)
€369,760▼ 22.3%
€689,249▲ 14.2%
peak 16.9 FTE (2025)
16.9 FTE
Board3 names since 2019
-
Owners
100%V&C MANAGEMENT
Documentsfilings and deeds
28-05-202664 days before the deadline
2025financial year
Result from €118,044 to €3,982Dividend €110,000Equity from €475,779 to €369,760
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 29% of small companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.1%▼ -0.3 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 0.6%● unchanged vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: 16.9 FTE, total assets €1.1m
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2011
Figures for financial year 2025 (filed on 02-06-2026)
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 43, small). It does better than 46% of them on solvency, 21% on liquidity, 39% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as DB Services HVAC has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of DB Services HVAC itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,049 companies, not a prediction for DB Services HVAC. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.68 in 2024), above the usual 1.5. Short-term debt is 60.4% and cash 7.4% of total assets. However, 65.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 days early
2024
7 days late
2023
27 days late
2022
23 days late
2021
19 days late
2020
31 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known boardDI
DMNL IMMO
Director, until 2024
- V&C MANAGEMENT 100%score 93equity €606,776 (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0836687653
1 director resigning
DMNL IMMO · Permanent representatives: BOURIKAS Pandili, CIARDULLO Frédéric and VANCHIERI Joseph · General meeting of 22-03-2024 · Gazette deed
1 director appointed, 1 resignation
Resignation: BOURIKAS Pandili · Appointment: DMNL IMMO · Permanent representative: BOURIKAS Pandili · General meeting of 31-05-2022 · Gazette deed
Registered office moved within Awans
New registered office: Rue Jacques Désira 4 4340 AWANS · Previous registered office: RUe Chaussée 109B, 4342 AWANS · Permanent representatives: CIARDULLO Frédéric and VANCHIERI Joseph · General meeting of 19-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DB Services HVAC Awans | €1.1m | €1.1m | 34.9% | 16.9 |
| Entreprise VERJANS Huy | €1.0m | €0.9m | 33.8% | 13.9 |
| VENTFIELD INDUSTRIES Herve | €1.2m | €1.2m | 25.4% | 18.8 |
| MICHEL - LAMBERTY Baelen | €1.6m | €1.4m | 44.2% | 16.5 |
| ZUNE MULTI-ENERGIES Aubange | €1.1m | €1.2m | 35.2% | 15 |
| A.C.R. KLIMATECHNIEK Nieuwerkerken (Limb.) | €1.1m | €1.5m | 49.0% | 17.2 |
| JONES-VAN HECKE Lokeren | €1.3m | €1.2m | 26.7% | 14.8 |
These companies have the same main activity as DB Services HVAC: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €1m and €1.6m, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 31-05-2011Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 4 others
- Establishment unit
- 2.204.560.7684340 Awans, since 01-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €3.0mestimated
- €1.1m▼ 1.9%
- Employeeson 31-12-2025
- 18▲ 12.5%
- Filing
- Filed on 28-05-2026, 64 days before the end of the filing period
Insights on DB Services HVAC
DB Services HVAC has existed since 2011. In 2018 the gross margin rose from €1,380 to €123,370 and staff from 0.4 to 2.3 full-time equivalents.
Solvency fell in 2025 from 44.1% to 34.9% because of the dividend.
V&C MANAGEMENT holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DB Services HVAC
- What is the company number of DB Services HVAC?
- The company number of DB Services HVAC is 0836.687.653. The VAT number is the same number with BE in front: BE 0836.687.653.
- Where is DB Services HVAC based?
- The registered office is at Rue Jacques Désira 4, 4340 Awans.Company details
- What does DB Services HVAC do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of DB Services HVAC?
- DB Services HVAC is a private limited company (pre-2019) (BVBA).
- When was DB Services HVAC founded?
- DB Services HVAC was founded on 31-05-2011.
- Is DB Services HVAC still active?
- Yes, DB Services HVAC is an active enterprise in the KBO register.
- How many employees does DB Services HVAC have?
- DB Services HVAC had an average of 16.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of DB Services HVAC?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €1.1m and 30 comparable companies (NACE 432). It probably lies between €2.4m and €3.7m.
- Is DB Services HVAC profitable?
- In financial year 2025, DB Services HVAC made a profit of €3,982.
- Where can I find the annual accounts of DB Services HVAC?
- DB Services HVAC filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DB Services HVAC due?
- DB Services HVAC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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