DB Welding
ActiveSummary
The computed 12-month bankruptcy probability of DB Welding is 2.4% (moderate). The 2024 annual accounts show negative equity (-€440,417) and a net result of -€62,181. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 1632 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record92
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.06 in 2023), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€440,417
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
31 d late
2022
29 d late
2021
184 d late
2020
549 d late
2019
914 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 294 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2024, micro schema
Equity
-€440,417▼ 16.4%
2023 · -€378,237
Total assets
€5,082▼ 81.3%
2023 · €27,216
Net result
-€62,181▼ 784%
2023 · -€7,035
Working capital
-€445,268▼ 16.2%
2023 · -€383,087
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€70,633▲ 45.2%€77,980-€7,299-€3,245▲ 55.5%
Net result-€76,762below the sector's middle half▲ 47.5%€74,470above the sector's middle half-€7,299below the sector's middle half-€7,035below the sector's middle half▲ 3.6%-€62,181below the sector's middle half▼ 784%
Equity-€438,372below the sector's middle half▼ 21.2%-€363,903below the sector's middle half▲ 17.0%-€371,202below the sector's middle half▼ 2.0%-€378,237below the sector's middle half▼ 1.9%-€440,417below the sector's middle half▼ 16.4%
Total assets€84,348within the sector's middle half▼ 42.1%€15,326below the sector's middle half▼ 81.8%€8,327below the sector's middle half▼ 45.7%€27,216below the sector's middle half▲ 227%€5,082below the sector's middle half▼ 81.3%
Debt€522,720▲ 3.1%€379,229▼ 27.5%€379,529▲ 0.1%€405,453▲ 6.8%€445,499▲ 9.9%
Working capital-€455,867below the sector's middle half▼ 13.5%-€378,998below the sector's middle half▲ 16.9%-€379,298below the sector's middle half▼ 0.1%-€383,087below the sector's middle half▼ 1.0%-€445,268below the sector's middle half▼ 16.2%
Solvency-519.7%below the sector's middle half▼ 271.3pp
Current ratio0.01below the sector's middle half▼ 0.010.00below the sector's middle half▼ 0.010.00below the sector's middle half=0.06below the sector's middle half▲ 0.050.00below the sector's middle half▼ 0.05
Return on assets (ROA)-91.0%below the sector's middle half▲ 9.4pp485.9%above the sector's middle half▲ 576.9pp-87.7%below the sector's middle half▼ 573.6pp-25.8%below the sector's middle half▲ 61.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,245 in 2023 against €7,299 in 2022; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5,082
Fixed assets
€4,851 =
Current assets
€231 ▼ 99.0%
Key figures and ratios
Debt to equity
-1.01▲
2023 · -1.07
Debt ≤ 1 year
€445,499▲
2023 · €405,453
A ratio outside any meaningful range has been withheld (balance sheet total €5,082, equity -€440,417).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,043 | €33,093 | €6,999 | €3,245 | - | - |
| Other operating charges640/8 | €2,429 | €3,252 | €300 | - | - | - |
| Non-recurring operating charges66A | - | €1,855 | - | - | - | - |
| Gross operating margin9900 | -€14,161 | €116,180 | - | - | - | - |
| Operating profit (loss)9901 | -€70,633 | €77,980 | -€7,299 | -€3,245 | - | - |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €6,128 | €3,510 | - | €3,789 | €62,181 | ▲ 1,541% |
| Recurring financial charges65 | €6,128 | €3,510 | - | €3,789 | €62,181 | ▲ 1,541% |
| Profit (loss) for the period before taxes9903 | -€76,762 | €74,470 | -€7,299 | -€7,035 | -€62,181 | ▼ 784% |
| Profit (loss) for the period9904 | -€76,762 | €74,470 | -€7,299 | -€7,035 | -€62,181 | ▼ 784% |
| Profit (loss) for the period to be appropriated9905 | -€76,762 | €74,470 | -€7,299 | -€7,035 | -€62,181 | ▼ 784% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,348 | €15,326 | €8,327 | €27,216 | €5,082 | ▼ 81.3% |
| Fixed assets21/28 | €80,043 | €15,095 | €8,096 | €4,851 | €4,851 | = |
| Tangible fixed assets22/27 | €75,278 | €10,330 | €3,331 | €86 | €86 | = |
| Plant, machinery and equipment23 | €26,718 | €4,388 | €360 | €86 | €86 | = |
| Furniture and vehicles24 | €10,222 | €5,942 | €2,971 | - | - | - |
| Leasing and similar rights25 | €38,337 | €0 | - | - | - | - |
| Financial fixed assets28 | €4,765 | €4,765 | €4,765 | €4,765 | €4,765 | = |
| Current assets29/58 | €4,305 | €231 | €231 | €22,365 | €231 | ▼ 99.0% |
| Amounts receivable within one year40/41 | €3,698 | €231 | €231 | €22,365 | €231 | ▼ 99.0% |
| Other amounts receivable41 | €3,698 | €231 | €231 | €22,365 | €231 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €608 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,348 | €15,326 | €8,327 | €27,216 | €5,082 | ▼ 81.3% |
| Equity10/15 | -€438,372 | -€363,903 | -€371,202 | -€378,237 | -€440,417 | ▼ 16.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €39,839 | €39,839 | €39,839 | €39,839 | €39,839 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €37,979 | €37,979 | €37,979 | €37,979 | €37,979 | = |
| Profit (loss) carried forward14 | -€484,411 | -€409,942 | -€417,241 | -€424,276 | -€486,456 | ▼ 14.7% |
| Amounts payable17/49 | €522,720 | €379,229 | €379,529 | €405,453 | €445,499 | ▲ 9.9% |
| Amounts payable after more than one year17 | €62,547 | - | - | - | - | - |
| Financial debts170/4 | €62,547 | - | - | - | - | - |
| Amounts payable within one year42/48 | €460,173 | €379,229 | €379,529 | €405,453 | €445,499 | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | €35,011 | €13,131 | - | - | - | - |
| Financial debts43 | €100,000 | €50,000 | €50,000 | €35,629 | €35,629 | = |
| Credit institutions430/8 | €100,000 | €50,000 | €50,000 | €35,629 | €35,629 | = |
| Trade debts44 | €39,253 | €53,539 | €21,305 | €21,305 | - | - |
| Suppliers440/4 | €39,253 | €53,539 | €21,305 | €21,305 | - | - |
| Taxes, remuneration and social security45 | €606 | €74,314 | €21,722 | - | €606 | - |
| Taxes450/3 | €606 | €74,314 | €21,722 | - | €606 | - |
| Other amounts payable47/48 | €285,302 | €188,244 | €286,502 | €348,519 | €409,264 | ▲ 17.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€76,762 | €74,470 | -€7,299 | -€7,035 | -€62,181 | ▼ 784% |
| + Depreciation and write-downs630 | €54,043 | €33,093 | €6,999 | €3,245 | - | - |
| Operating cash flow (approximation) | -€22,718 | €107,562 | -€300 | -€3,789 | -€62,181 | ▼ 1,541% |
| Investment in fixed assets (approximation) | - | €31,855 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
25-08
State Gazette act
Resignation: Eva Vanhalst (director)2 facts ▸
State Gazette act
Resignation: Eva Vanhalst (director)
2 facts ▸
- General meeting, 29-06-2026
- Director resignation, Eva Vanhalst (director)
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
10-02
KBO administration
Strikeout withdrawn
event 31-01-2023
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 184 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 549 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 914 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1280 days late
2021
31-12
Financial
Back to profitnet €74,470
Net result €74,470 after 3 loss-making years.
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2016
Ground area
3,880 m²
Building footprint
1,369 m²
Volume, LiDAR
8,783 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DB Welding
since 20162.250.008.733
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41059A0250/00R000 | Flanders | 3,008 m² | 1 · 1,263 m² | 7.7 m · 2 fl. |
| 41041B0044/00M000 | Flanders | 872 m² | 1 · 105 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eva Vanhalst |
|
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Of 204 companies in sector 33130 we hold annual accounts for 79. 66 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
33130Repair, maintenance and installation of machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645731473
Also
9925:BE0645731473
Registered
05-06-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.