DBD 101
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€70,526
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
29 d late
2022
17 d early
2021
33 d early
2020
24 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.5m▼ 4.4%
2023 · €1.6m
Total assets
€2.8m▼ 3.7%
2023 · €2.9m
Net result
-€70,526▼ 21.8%
2023 · -€57,920
Working capital
-€536,807▼ 3.4%
2023 · -€519,022
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,707▼ 53.0%€6,207-€48,520-€25,702▲ 47.0%-€24,166▲ 6.0%
Net result-€15,869▼ 22.6%€5,798-€63,476-€57,920▲ 8.8%-€70,526▼ 21.8%
Equity€86,090▼ 15.6%€1.7m▲ 1,905%€1.7m▼ 3.7%€1.6m▼ 3.5%€1.5m▼ 4.4%
Total assets€89,064▼ 17.7%€1.7m▲ 1,853%€2.8m▲ 63.6%€2.9m▲ 1.5%€2.8m▼ 3.7%
Debt€2,974▼ 52.3%€13,823▲ 365%€1.2m▲ 8,465%€1.3m▲ 8.5%€1.2m▼ 2.7%
Working capital€948▼ 97.2%-€2,442-€497,121▼ 20,258%-€519,022▼ 4.4%-€536,807▼ 3.4%
Staff (FTE)00
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 stays negative: a loss of €24,166 in 2024 against €25,702 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.6m ▼ 3.5%
Current assets
€165,934 ▼ 6.4%
Equity and liabilities €2.8m
Equity
€1.5m ▼ 4.4%
Debt
€1.2m ▼ 2.7%
Debt's share of the balance-sheet total rises from 44.5% to 44.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€70,150▲
2023 · €69,242
Cash flow
€23,790▼
2023 · €37,024
Current ratio
0.24▼
2023 · 0.25
Debt to equity
0.81▲
2023 · 0.80
ROE
-4.6%▼
2023 · -3.6%
ROA
-2.5%▼
2023 · -2.0%
Interest coverage
1.73▼
2023 · 2.14
Debt ≤ 1 year
€702,740▲
2023 · €696,266
Debt > 1 year
€544,485▼
2023 · €587,844
Income taxes
€5,907
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 | €8,093 | €38,707 | €94,042 | €94,944 | €94,316 | ▼ 0.7% |
| Other operating charges640/8 | - | €4,310 | €4,201 | €5,184 | €5,649 | ▲ 9.0% |
| Gross operating margin9900 | -€2,987 | €49,225 | €49,724 | €74,426 | €75,799 | ▲ 1.8% |
| Operating profit (loss)9901 | -€15,707 | €6,207 | -€48,520 | -€25,702 | -€24,166 | ▲ 6.0% |
| Financial income75/76B | - | €50 | €41 | €205 | €0 | ▼ 100% |
| Recurring financial income75 | - | €50 | €41 | €205 | €0 | ▼ 100% |
| Financial charges65/66B | - | €462 | €14,998 | €32,423 | €40,453 | ▲ 24.8% |
| Recurring financial charges65 | €39 | €462 | €14,998 | €32,423 | €40,453 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | -€15,746 | €5,795 | -€63,476 | -€57,920 | -€64,619 | ▼ 11.6% |
| Income taxes67/77 | €123 | -€3 | - | - | €5,907 | - |
| Profit (loss) for the period9904 | -€15,869 | €5,798 | -€63,476 | -€57,920 | -€70,526 | ▼ 21.8% |
| Profit (loss) for the period to be appropriated9905 | -€15,869 | €5,798 | -€63,476 | -€57,920 | -€70,526 | ▼ 21.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,064 | €1.7m | €2.8m | €2.9m | €2.8m | ▼ 3.7% |
| Fixed assets21/28 | €85,143 | €1.7m | €2.8m | €2.7m | €2.6m | ▼ 3.5% |
| Tangible fixed assets22/27 | €85,093 | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 6.1% |
| Land and buildings22 | - | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €1,019 | €509 | €0 | - | - |
| Financial fixed assets28 | €50 | €50 | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €3,921 | €11,381 | €56,410 | €177,244 | €165,934 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €1,602 | €383 | €3,794 | €168,478 | €159,591 | ▼ 5.3% |
| Trade receivables40 | - | - | €118 | €30 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €383 | €3,676 | €168,448 | €159,591 | ▼ 5.3% |
| Cash at bank and in hand54/58 | €2,319 | €10,746 | €52,364 | €8,514 | €5,213 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | €252 | €252 | €252 | €1,129 | ▲ 348% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,064 | €1.7m | €2.8m | €2.9m | €2.8m | ▼ 3.7% |
| Equity10/15 | €86,090 | €1.7m | €1.7m | €1.6m | €1.5m | ▼ 4.4% |
| Contributions10/11 | - | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Revaluation surpluses12 | - | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 5.7% |
| Reserves13 | €37,500 | €66,150 | €147,846 | €229,542 | €311,338 | ▲ 35.6% |
| Tax-exempt reserves132 | - | €8,351 | €8,351 | €8,351 | €8,351 | = |
| Distributable reserves133 | - | €57,799 | €139,495 | €221,191 | €302,987 | ▲ 37.0% |
| Profit (loss) carried forward14 | -€36,410 | -€30,612 | -€94,088 | -€152,008 | -€222,534 | ▼ 46.4% |
| Amounts payable17/49 | €2,974 | €13,823 | €1.2m | €1.3m | €1.2m | ▼ 2.7% |
| Amounts payable after more than one year17 | - | - | €630,469 | €587,844 | €544,485 | ▼ 7.4% |
| Financial debts170/4 | - | - | €630,469 | €587,844 | €544,485 | ▼ 7.4% |
| Amounts payable within one year42/48 | €2,974 | €13,823 | €553,530 | €696,266 | €702,740 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | €551,959 | €44,465 | €45,199 | ▲ 1.7% |
| Financial debts43 | - | - | - | €510,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €510,000 | €0 | ▼ 100% |
| Trade debts44 | €286 | €994 | €889 | €851 | €7,888 | ▲ 827% |
| Suppliers440/4 | - | €994 | €889 | €851 | €7,888 | ▲ 827% |
| Advances received on contracts in progress46 | - | €682 | €682 | €950 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €147 | - | - | €4,654 | - |
| Taxes450/3 | - | €147 | - | - | €4,654 | - |
| Other amounts payable47/48 | - | €12,000 | - | €140,000 | €645,000 | ▲ 361% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,785 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,869 | €5,798 | -€63,476 | -€57,920 | -€70,526 | ▼ 21.8% |
| + Depreciation and write-downs630 | €8,093 | €38,707 | €94,042 | €94,944 | €94,316 | ▼ 0.7% |
| Operating cash flow (approximation) | -€7,776 | €44,505 | €30,566 | €37,024 | €23,790 | ▼ 35.7% |
| Investment in fixed assets (approximation) | - | -€1.7m | -€1.2m | -€16,300 | €0 | ▲ 100% |
| Change in cash | - | €8,427 | €41,618 | -€43,850 | -€3,301 | ▲ 92.5% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€70,526
Net result drops to -€70,526, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,798
Net result €5,798 after 3 loss-making years.
31-12
Financial
Equity above €1mEq €1.7m ▲1,905%
Equity rises from €86,090 to €1.7m.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
Highest known parent: IMMOGERM. The sources do not say who stands above it.
Owners 1
- GERMIMparentSourceaccounts GERMIM 2024100%
Holdings 1
-
100%
According to the 2024 annual accounts of DBD 101 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.