DB VASTGOED PROJECTS
ActiveDB VASTGOED PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €-118k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-24
Solvency37▼-9
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.51 in 2024; short-term debt: 74.3% and cash: 0.7% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-118k
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 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
76 d early
2023
39 d early
2022
35 d early
2021
23 d early
2020
64 d early
2019
39 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▼ 41.5%
2024 · €283k
2018: €178k
2019: €193k
2020: €269k
2021: €298k
2022: €408k
2023: €314k
2024: €283k
2018 → 2025
Total assets
€1.36M▼ 1.2%
2024 · €1.38M
2018: €874k
2019: €974k
2020: €1.13M
2021: €1.54M
2022: €1.46M
2023: €1.59M
2024: €1.38M
2018 → 2025
Net result
€-118k▼ 287%
2024 · €-30k
2018: €38k
2019: €15k
2020: €76k
2021: €29k
2022: €111k
2023: €-95k
2024: €-30k
2018 → 2025
Working capital
€138k▼ 70.5%
2024 · €469k
2018: €230k
2019: €277k
2020: €319k
2021: €483k
2022: €594k
2023: €499k
2024: €469k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€298k-€408k▲ 37.1%€314k▼ 23.2%€283k▼ 9.7%€166k▼ 41.5%
Operating result€71k-€201k▲ 183%€-42k€18k€-69k
Net result€29k-€111k▲ 285%€-95k€-30k▲ 67.9%€-118k▼ 287%
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 turns negative in 2025: a loss of €69k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€213k
Current assets
€1.15M
Equity and liabilities €1.36M
Equity
€166k▼ 41.5%
Debt
€1.20M▲ 9.2%
The debt ratio rises from 79.5% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-51k
Cash flow
€-100k
Solvency
12.1%▼
2024 · 20.5%
Current ratio
1.14▼
2024 · 1.51
Quick ratio
0.04▼
2024 · 0.04
Debt / equity
7.24▲
2024 · 3.87
ROE
-71.1%▼
2024 · -10.7%
ROA
-8.6%▼
2024 · -2.2%
Interest coverage
-1.06
Debt
€1.20M▲
2024 · €1.10M
Debt ≤ 1 year
€1.01M▲
2024 · €912k
Debt > 1 year
€183k=
2024 · €183k
Staff costs
€3k▲
2024 · €-91
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.38M€1.36M▼
Fixed assets21/28-€213k
Tangible fixed assets22/27-€213k
Land and buildings22-€213k
Current assets29/58€1.38M€1.15M▼
Stocks and contracts in progress3€1.34M€1.11M▼
Stocks30/36€1.34M€1.11M▼
Amounts receivable within one year40/41€28€30k▲
Trade receivables40€28-
Other amounts receivable41-€30k
Cash at bank and in hand54/58€14k€10k▼
Deferred charges and accrued income490/1€25k€697▼
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.36M▼
Equity10/15€283k€166k▼
Contributions10/11€35k€35k=
Reserves13€268k€268k=
Distributable reserves133€268k€268k=
Profit (loss) carried forward14€-20k€-138k▼
Amounts payable17/49€1.10M€1.20M▲
Amounts payable after more than one year17€183k€183k=
Financial debts170/4€183k€183k=
Amounts payable within one year42/48€912k€1.01M▲
Current portion of amounts payable after more than one year42€548k€550k▲
Trade debts44€15k€8k▼
Suppliers440/4€15k€8k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€343k€452k▲
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€14k-
Remuneration, social security and pensions62€-91€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€18k
Other operating charges640/8€20k€23k▲
Gross operating margin9900€38k€-26k▼
Operating profit (loss)9901€18k€-69k▼
Financial charges65/66B€48k€48k▲
Recurring financial charges65€48k€48k▲
Profit (loss) for the period before taxes9903€-30k€-118k▼
Profit (loss) for the period9904€-30k€-118k▼
Profit (loss) for the period to be appropriated9905€-30k€-118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-138k▼
Profit (loss) brought forward from the previous period14P-€-20k
Transfer from equity791/2€10k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-118k
Net result drops to €-118k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €111k ▲285%
Operating result €201k, net result €111k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €269k ▲39.5%
3 profitable years in a row build equity to €269k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bierbeek · 1 establishment unit since 2011
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.
Katspoelstraat 13360 BierbeekGround area
2,503 m²
Building footprint
1,256 m²
Volume, LiDAR
7,306 m³
Parcel 24011G0398/00A000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DB Vastgoed Projects
since 20112.216.179.883
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24011G0398/00A000 | Flanders | 2,503 m² | 1 · 1,256 m² | 10.9 m · 2 fl. |
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
DE DURMEN
BE 0864.464.988
Deinze · Eq €166k
WeST
BE 0422.235.852
Gent · Eq €166k
DE VERBOUWSTEEN
BE 0867.707.758
Waasmunster · Eq €166k
PAUVER
BE 0537.371.387
Westerlo · Eq €165k
SL IMMO
BE 0808.959.214
Kontich · Eq €166k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 3,849 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2011
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.