Skip to content

DBF - MANAGEMENT

Active Public limited companyfounded 1992active for 34 yearsHoogboomsteenweg 110, 2950 KapellenKBO/BCE: BE 0447.089.529
DBF - MANAGEMENT
Follow ReportCompare

Overview

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1993
peak €1.4m (2022)
-€42,432▲ €15,618
lowest -€155,535 (2024)
-€7,636▲ €20,024
peak €2.2m (2017)
€1.2m▼ 7.1%
€80,199▲ 33×
peak 0 FTE (2023)
-not published
Board6 names since 2019
5 directorsDe Belder Stefanie and 4 others
Owners
  
Documentsfilings and deeds
22-10-2026101 days before the deadline
2026abbreviated format
Gross margin from -€58,050 to -€42,432Loss of €7,636Dividend €80,000Debts from €2,453 to €80,199Investments €25,556Cash from €35,997 to €54,930

Key points

from the 2026 annual accounts

Equity

€1.2m ▼ 7.1%
1.22025-0.01Loss-0.08Dividend1.22026

DBF - MANAGEMENT paid out €80,000 in dividends in a year with a loss of €7,636.

Losses

-€214,503 in four years
-23,6722023-155,5352024-27,6602025-7,6362026

Every financial year from 2023 to 2026 closed with a loss. 2024 was the heaviest.

Investments

€25,556 2.8 × depreciation
20222026

Green is investment, beige is depreciation.

Turnover not published (abbreviated or micro format)

Checked score

93
Excellent
Financially stronger than 48% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: 0.2%● unchanged vs 10-2025highest value 12-2025: 0.2%● unchanged vs 11-2025 01-2026: < 0.1%▼ -0.2 percentage points 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: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

100=equity 93.5% of total assets
56+2short-term debt 6.5% · cash 4.5%
36+20return on assets -0.6%

Score breakdown

lowers risk
Size: total assets €1.2m
Founded in 1992
Equity €1.2m (93.5% of total assets)
Figures for financial year 2026 (filed on 22-10-2026)
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 73, micro). It does better than 87% of them on solvency, 47% on liquidity, 24% on profitability and 33% 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 30-06-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as DBF - MANAGEMENT has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DBF - MANAGEMENT itself: < 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for DBF - MANAGEMENT. 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 €100,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 15.08, above the usual 1.5. Short-term debt is 6.5% and cash 4.5% of total assets. 6.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.2m (93.5% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed on 22-10-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 22-10-2026, 101 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
101 days early
2025
57 days early
2024
100 days early
2023
27 days early
2022
19 days early
2021
3 days early
2020
20 days early
← 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 47 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. The company usually files around 5 December (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today30-06-2027 year end31-01-2028 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DB
De Belder Kristiaan
Managing director
DB
De Belder Stefanie
Director
DB
De Belder Valerie
Director
MI
Marc's Immo NV
Director, Van Muylders Marc
VD
Van Dyck Christel
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0447089529
Appointment: Van Dyck Christel (director) General meeting of 29-12-2023 · Gazette deed
Registered office moved from Schelle to Kapellen New registered office: Hoogboomsteenweg 110, 2950 Kapellen · Previous registered office: Brandekensweg 92, 2627 Schelle · Reappointments: De Belder Kristiaan, De Belder Stefanie, De Belder Valerie and Marc's Immo NV · General meeting of 31-12-2021 · Gazette deed
2 directors appointed, 1 resignation Appointments: De Belder Stefanie and De Belder Valérie · Resignation: Van Der Wal NV · Permanent representative: De Belder Kristiaan · General meeting of 04-11-2019 · Gazette deed
All 48 events

Comparable companies

same main activity, similar in size and age
Company
DBF - MANAGEMENT Kapellen €1.2m -€42,432 93.5% -
F.V. CONSULT Dilbeek €1.2m -€33,676 80.3% -
Michils - Vandenberghe Company Koekelberg €1.1m -€96,799 99.2% -
BALMAR Kortrijk €1.1m -€12,213 99.2% -
DELBIMAC Izegem €1.4m €662 40.5% -
Fimi Belgium Lanaken €1.0m -€39,735 -157.2% -
PINTALI Antwerp €0.9m -€9,903 49.0% -

These companies have the same main activity as DBF - MANAGEMENT: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €920,000 and €1.4m, founded between 1990 and 1993.

Official details

Source: KBO
Status
Active since 03-04-1992Normal situation
Activity
Market research and public opinion pollingNACE 73200
Establishment unit
2.057.327.2402950 Kapellen, since 30-04-1992
Financial year end
30 June
Peppol
Reachable since 27-03-2026
Company details

Annual accounts to 30-06-2026

-€42,432▲ 26.9%
€7,636▼ 72.4%
€1.2m▼ 7.1%
€1.2m▼ 0.8%
Filing
Filed on 22-10-2026, 101 days before the end of the filing period
Financials

Insights on DBF - MANAGEMENT

DBF - MANAGEMENT files the abbreviated format. That format states no turnover. The gross margin fell from €107,543 in 2007 to -€42,432 in 2026.

In February 2022, the Official Gazette published the appointment of De Belder Kristiaan as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

abbreviated format, filed on 22-10-2026, 101 days before the deadline
-€42,432
▲ €15,618
-€52,551
▲ €7,842
-€43,550
▲ €15,585
€1,365
▲ €27,767
93.5%
▼ 6.3 percentage points
15.08

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Money flows

no detail for 2026

Balance sheet

balance sheet total €1.2m on 30-06-2026
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

93.5%

Higher than 95% of 2,094 companies in 2025.

15.08

Higher than 95% of 1,360 companies in 2024.

-0.6%

Higher than 21% of 2,053 companies in 2025.

DBF - MANAGEMENT Middle half of the sector 80% of the sector Abbreviated accounts in advertising and market research (NACE 73)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 1.2m1.2m1.3m1.5m1.8m1.2m1.8m1.7m1.7m2.2m2.2m2.0m2.0m2.4m2.4m2.6m2.5m2.5m2.4m2.5m
21/28 24,4707,9149,172211,223412,481772,634572,634572,634572,634772,634774,4941.7m1.7m1.7m1.8m1.8m1.8m1.7m1.8m1.8m
22/27 24,4707,9149,17210,43011,687371,840371,840371,840371,840371,840373,700398,697423,694448,691473,687498,684523,681548,678573,675598,671
22 ----0371,840371,840371,840371,840371,840373,700398,697423,694448,691473,687498,684523,681548,678573,675598,671
24 24,4707,9149,17210,43011,687---------------
28 --0200,794400,794400,794200,794200,794200,794400,794400,7941.3m1.3m1.3m1.3m1.3m1.3m1.2m1.2m1.2m
280/1 ----------400,794932,794932,794932,794932,794932,794----
280 ----------400,794932,794932,794932,794932,794932,794----
282/3 -----------357,902357,902357,902357,902357,902----
282 -----------357,902357,902357,902357,902357,902----
284/8 ------------11111111----
285/8 ------------11111111----
29/58 1.2m1.2m1.3m1.3m1.4m448,0791.2m1.2m1.2m1.5m1.5m336,670295,601624,639662,692762,745710,857715,939660,788660,875
29 200,000200,000200,00073,50073,50070,000--------------
291 200,000200,000200,00073,50073,50070,000--------------
40/41 272,237268,200266,300516,845431,017347,3911.2m1.1m1.1m1.4m1.4m326,300285,000614,018652,000747,000700,000705,300650,000650,000
40 4842,77312,100027,817020,933--23,35018,150126,30085,00064,0182,00047,000-5,300--
41 271,753265,427254,200516,845403,200347,3911.2m1.1m1.1m1.4m1.4m200,000200,000550,000650,000700,000700,000700,000650,000650,000
50/53 682,333731,748835,675572,740406,739---------------
54/58 54,93035,99719,210157,008481,92918,42012,67910,38810,36611,37610,52110,37010,60110,62110,69215,74510,85710,63910,78810,875
490/1 --04,315012,26724,65324,9725,84614,04719,007---------
Balance sheet: equity and liabilities
10/49 1.2m1.2m1.3m1.5m1.8m1.2m1.8m1.7m1.7m2.2m2.2m2.0m2.0m2.4m2.4m2.6m2.5m2.5m2.4m2.5m
10/15 1.2m1.2m1.3m1.5m1.5m962,8571.2m1.7m1.7m2.2m2.2m1.1m1.5m1.5m1.5m1.4m1.4m1.4m1.3m1.3m
10/11 65,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,000
10 65,00065,00065,00065,00065,000---------------
100 65,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,00065,000
12 ----030,27030,27030,27030,270230,270230,476702,829705,183707,537709,890712,244714,597716,951719,305721,658
13 898,942978,942978,942978,942978,942293,257293,257293,257293,257293,257294,704311,218351,579368,093384,607401,122417,636434,151450,665467,179
130/1 10,53510,53510,53510,53510,53510,535--------------
130 10,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,53510,535
132 37,50037,50037,50037,50037,500280,161280,161280,161280,161280,161281,815300,683319,551338,419357,287376,155395,023413,891432,759451,627
133 850,907930,907930,907930,907930,9072,5602,5602,5602,5602,5602,354-21,49219,13916,78514,43112,0789,7247,3715,017
14 189,828197,464225,125430,660504,331574,331831,6111.3m1.3m1.6m1.6m1,085347,601346,113307,707248,773190,988139,93688,16038,649
16 ------------14,87414,87414,87414,87414,87414,87414,87414,874
160/5 ------------14,87414,87414,87414,87414,87414,87414,87414,874
162 ------------14,87414,87414,87414,874----
17/49 80,1992,45361,29161,030257,392257,856594,24439,17430,97329,90281,601945,931525,767862,422945,0091.1m1.1m1.1m1.1m1.1m
17 -010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28029,030104,030179,030303,004422,097182,260272,153370,350
170/4 ------------18,75093,750168,750292,724411,817171,980261,873360,070
173 ------------18,75093,750168,750292,724----
178/9 -010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,28010,280
42/48 80,1992,21351,01150,750247,112241,815578,60423,77115,57014,72466,423915,426474,591742,950739,805725,345672,862857,697792,056750,351
42 -----------18,75075,00075,000123,974119,09360,16389,89398,19795,804
43 ---------------100,000100,000---
430/8 ---------------100,000100,000---
44 1992,2131,01175020,47628,0743,02215,0213,0203,0403,0193,0543,1283,0353,0343,0333,0323,0313,07215,121
440/4 1992,2131,01175020,47628,0743,02215,0213,0203,0403,0193,0543,1283,0353,0343,0333,0323,0313,07215,121
45 ---0156,14763,7417,4623,0502,55011,68513,40515,5408,83124,78036,37335,91311,36921,8248,97410,557
450/3 ---0156,14763,7417,4623,0502,55011,68513,40515,5408,83124,78036,37335,91311,36921,8248,97410,557
47/48 80,000050,00050,00070,490150,000568,1205,70010,000-50,000878,082387,632640,135576,424467,306498,298742,949681,812628,869
492/3 0240--05,7615,3605,1235,1234,8984,89820,22522,14615,44226,17481,77527,19144,45722,95822,193
Income statement
70/76A ----------1.6m258,651260,678301,575329,114326,748----
70 ----------60,000165,000165,000210,000240,000240,000----
76A ---01.4m---------------
9900 -42,432-58,050-53,444-29,4481.4m54,77913,7276,93910,43833,173------110,479109,952107,891107,543
60/66A ----------161,702249,937263,380255,488253,512252,180----
61 ----------124,448227,666226,138218,454216,864215,585----
630 9,0011,2581,2581,258890----1,86024,99724,99724,99724,99724,99724,99724,99724,99724,99725,203
635/8 ------------14,874--------
640/8 1,1181,0869601,05218,50112,12213,15011,84111,86412,68612,25712,14812,24512,03711,65211,59911,28511,09210,41110,212
9901 -52,551-60,393-55,662-31,7571.4m42,657578-4,902-1,42618,6261.5m8,714-2,70246,08775,60274,56874,19773,86372,48372,127
75/76B 29,79755,51610,38312,0397,57212,26724,65310,14012,89527,819150,6485,00020,90429,18534,89035,09632,28533,24732,58932,502
75 29,79755,51610,38311,4267,57212,26724,65310,14012,89527,819150,6485,00020,90429,18534,89035,09632,28533,24732,58932,502
750 ----------102,686---------
751 ----------47,9615,00020,90429,18534,89035,096----
76B --0613----------------
65/66B -15,20922,464110,0323,74942,599227333149332,57925,68334,25238,43343,41344,14750,88550,14852,66558,134
65 -15,20922,464-28,4443,74942,599227333149332,57925,68334,25238,43343,41344,14750,88550,14852,66558,134
650 ----------2,54624,88733,73637,80142,78242,507----
652/9 ----------337975176326311,640----
66B -0138,476-----------------
9903 -7,546-27,342-155,311-23,4671.4m54,69725,1975,20711,42046,4121.6m-11,969-16,05036,83967,07965,51655,59856,96152,40646,496
67/77 90318224204453,81311,9774,5719561816,14810,3982,2601,33017,30227,01326,60023,41324,05321,76321,212
670/3 ----------10,3982,3001,35017,30227,01326,600----
77 -----------4020--0----
9904 -7,636-27,660-155,535-23,672928,34742,72120,6264,25011,23940,2641.6m-14,229-17,38019,53740,06638,91732,18432,90830,64325,284
789 ---------1,65418,86818,86818,86818,86818,86818,86818,86818,86818,86819,052
689 -------------------18,750
9905 -7,636-27,660-155,535-23,672928,34742,72120,6264,25011,23941,9181.6m4,6391,48838,40558,93457,78551,05251,77649,51125,586
Appropriation of the result
9906 189,828197,464275,125480,6601.5m874,3311.3m1.3m1.6m1.6m1.6m352,239347,601346,113307,707248,773190,988139,93688,16044,749
14P 197,464225,125430,660504,331574,331---------------
791/2 80,000----------23,846--------
792 -----------23,846--------
691/2 ---0928,347---314,090-----------
6921 ---0928,347---314,090-----------
694/7 80,000050,00050,00070,000300,000500,000---50,000375,000-------6,100
694 80,000050,00050,00070,000300,000500,000----375,000-------6,100
695 ----------50,000---------
Social balance sheet
9087 ---0----------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 22-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2026 abbreviated format 22-10-2026 2026-00566057 PDF
30-06-2025 micro format 05-12-2025 2025-00578774 PDF
30-06-2024 micro format 23-10-2024 2024-00512138 PDF
30-06-2023 abbreviated format 04-01-2024 2024-00545041 PDF
30-06-2022 abbreviated format 12-01-2023 2023-00000566 PDF
30-06-2021 abbreviated format 28-01-2022 2022-03100451 PDF
30-06-2020 abbreviated format 11-01-2021 2021-01000410 PDF
30-06-2019 abbreviated format 20-11-2019 2019-74300033 PDF
30-06-2018 abbreviated format 29-11-2018 2018-73600204 PDF
30-06-2017 abbreviated format 01-12-2017 2017-71100370 PDF
30-06-2016 full format 06-01-2017 2017-00500171 PDF
30-06-2015 full format 23-12-2015 2015-70600138 PDF
30-06-2014 full format 02-12-2014 2014-68400493 PDF
30-06-2013 full format 06-12-2013 2013-68100070 PDF
30-06-2012 full format 17-12-2012 2012-67000022 PDF
30-06-2011 full format 05-12-2011 2011-62900284 PDF
30-06-2010 abbreviated format 09-02-2011 2011-02800222 PDF
30-06-2009 abbreviated format 16-12-2009 2009-89100167 PDF
30-06-2008 abbreviated format 09-01-2009 2009-00900263 PDF
30-06-2007 abbreviated format 28-12-2007 2007-85600139 PDF
30-06-2006 abbreviated format 23-01-2007 2007-02301035 PDF
30-06-2005 abbreviated format 12-01-2006 2006-01300506 PDF
30-06-2004 abbreviated format 17-01-2005 2005-01800621 PDF
30-06-2003 abbreviated format 26-01-2004 2004-02502277 PDF
30-06-2002 abbreviated format 26-06-2003 2003-29400183 PDF
30-06-2001 abbreviated format 18-01-2002 2002-02001443 PDF
30-06-2000 abbreviated format 28-12-2000 2000-78202540 PDF
30-06-1999 abbreviated format 29-12-1999 1999-65501213 PDF
30-06-1998 abbreviated format 27-01-1999 1999-02000694 PDF
30-06-1997 abbreviated format 24-12-1997 1997-58804949 PDF
30-06-1996 abbreviated format 17-12-1996 1996-53605151 PDF
30-06-1995 abbreviated format 29-12-1995 1995-62004315 PDF
30-06-1994 abbreviated format 18-01-1995 1995-01101728 PDF
30-06-1993 abbreviated format 30-12-1993 1993-47901066 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022202120202019201820172016201520142013201220112010200920082007
-43,550-59,136-54,404-30,5001.4m----20,4861.5m33,71122,29571,084100,59899,56499,19498,86097,47997,331
1,365-26,403-154,277-22,414929,237----42,1241.6m10,7677,61744,53465,06363,91457,18157,90455,64050,488
25,55600-200,00012,577200,000---0-889,902-110000100,0000037,752
18,93316,787-137,798-324,921463,5095,7412,29122-1,010855151-231-20-71-5,0524,888218-148-87-
1.1m1.2m1.3m1.3m1.1m206,264663,1421.1m1.1m1.4m1.4m-578,756-178,990-118,311-77,11237,40037,995-141,758-131,268-89,476
-----------5.3%-1.6%21.9%31.5%31.1%----
93.5%99.8%95.4%96.0%85.7%78.9%67.2%97.7%98.2%98.7%96.4%53.3%73.1%62.9%60.5%55.9%55.0%55.2%54.6%52.7%
15.08-25.9026.105.641.852.1549.0574.0998.8422.050.370.620.840.901.051.060.830.830.88
0.070.000.050.040.170.270.490.020.020.010.040.880.360.580.640.780.810.800.820.88
-0.7%-2.2%-12.3%-1.6%60.0%4.4%1.7%0.3%0.7%1.8%74.0%-1.3%-1.2%1.3%2.7%2.7%2.3%2.4%2.3%2.0%
-0.6%-2.2%-11.7%-1.5%51.4%3.5%1.1%0.2%0.7%1.8%71.3%-0.7%-0.9%0.8%1.7%1.5%1.3%1.3%1.3%1.0%
2.86-2.631.91-8.1333.29-----over 1001.350.661.882.352.34----
----------110 days279 days188 days111 days3 days71 days----
----------9 days5 days5 days5 days5 days5 days----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202630-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€25,556---€12,577
Financial fixed assets--€0--
€9,001€1,258€1,258€1,258€890

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on DBF - MANAGEMENT

The operating result for 2026 is a loss of €52,551, smaller than the loss of €60,393 in 2025.

Debt's share of the balance-sheet total rises from 0.2% to 6.5%. Equity is lower and debt is higher.

Large changes and their cause
  • 2024 Net result -557% on 2023. The accounts now follow the micro format, last year the abbreviated format.
  • 2022 Net result +2,073% on 2021. The 2022 profit included a one-off income of €1,377,354.

Board & ownership

Board

5 directors, 1 in day-to-day management, last change in 2023
De Belder Stefanie
Director
appointed by deed of 24-12-2019 term until the 2027 general meeting
listed in the 2026 annual accounts, filed on 22-10-2026
De Belder Valerie
Director
appointed by deed of 24-12-2019 term until the 2027 general meeting
listed in the 2026 annual accounts, filed on 22-10-2026
De Belder Kristiaan
Director and managing director and chair of the board
director in office according to the deed of 07-02-2022 managing director and chair of the board appointed by deed of 07-02-2022 term until the 2027 general meeting
listed in the 2026 annual accounts, filed on 22-10-2026
Marc's Immo NV
Director, permanent representative Van Muylders Marc
in office according to the deed of 07-02-2022 term until the 2027 general meeting
listed in the 2026 annual accounts, filed on 22-10-2026
Van Dyck Christel
Director
appointed by deed of 05-04-2024
listed in the 2026 annual accounts, filed on 22-10-2026
De Belder Kristiaan
Signing authorityThe articles say who may bind the company, for example by signing a contract.
A managing director alone
deed of 07-02-2022
Permanent representatives 1
Van Muylders Marc
Permanent representative, for Marc's Immo NV
in office according to the deed of 07-02-2022

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
De Belder Stefanie
Director
De Belder Valerie
Director
De Belder Kristiaan
Director, Managing director and chair of the board
Marc's Immo NV
Director
Van Dyck Christel
Director
Van Der Wal
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • De Belder Stefanie
    • Director, appointed by deed of 24-12-2019, still in office
  • De Belder Valerie
    • Director, appointed by deed of 24-12-2019, still in office
  • De Belder Kristiaan
    • Director, since before 31-12-2021
    • Managing director and chair of the board, appointed by deed of 07-02-2022, still in office
  • Marc's Immo NV
    • Director, since before 31-12-2021
  • Van Dyck Christel
    • Director, appointed by deed of 05-04-2024, still in office
  • Van Der Wal
    • Director, until 04-11-2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€65,000
Source
2026 annual accounts

Network & group

Holdings

own accounts to 30-06-2021, the bar shows equity in euros
This companyDBF - MANAGEMENT2 holdings, 1 country accounts to 30-06-2021

Belgium 2 Year Equity Result

  • BE VDW BIKES20% 2025€347,938 result €833 (2025)
  • BE Van Der Wal99.83%no longer active 2022€74,420 result -€164,240 (2022)

Source: list of holdings in its own 30-06-2021 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

Earlier ties

TRAXIO
via Kristiaan De Belder, no longer at TRAXIO · Director · deed of 25-05-2022
founded in 1994
 32 FTE (2025)
Van Der Wal
via De Belder Kristiaan, no longer at Van Der Wal · Permanent representative · deed of 24-12-2019
No longer active
 total assets €74,420 (2022)

Holdings through the years

2007 to 2021
Holdings through the years
Name200720082009201020112012201320142015201620172018201920202021
VAN DER WAL 98.83%0.99%100%99.83%
VDW Bikes 20%
COLOR BOX 99.2%0.99%99.2%
Bike Fun NederlandNL 33.33%0.33%33.33%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of DBF - MANAGEMENTDBF - MANAGEMENT sits on their board1
VDW Bikes
Director
Founded in 2020 · 7 FTE (2025) · group HET BESTE BROOD

Connections & network

1 connected company
Depth
De Belder Kristiaan, Shared director DBDe BelderKristiaanVan Der Wal, via De Belder Kristiaan VDVan Der WalVELO-PASS, Shared director VVELO-PASSTRAXIO, Shared director TTRAXIODBF - MANAGEMENT DBFMANAGEMENT0447.089.529
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
VELO-PASS
via Kristiaan De Belder · Director · deed of 19-03-2024
Founded in 2018
→

Timeline

Timeline

48 events since 1992

Deadline for the 2027 accounts: 31-01-2028

2026
Annual accounts 2026 filed NBBabbreviated format · 101 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0447089529
2025
Annual accounts 2025 filed PDFmicro format · 57 days before the deadline
Liquidity more than 21 times current ratio 558.45 The current ratio rises from 25.90 to 558.45. Short-term debt falls from €51,011 to €2,213.
2024
Annual accounts 2024 filed PDFmicro format · 100 days before the deadline
Weakest financial year net -€155,535 The net result drops to -€155,535, the lowest from 2007 to 2026. It recovers the following year.
Appointment: Van Dyck Christel (director)General meeting of 29-12-20232 points ▸
  • General meeting, 29-12-2023
  • Director appointment, Van Dyck Christel
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFabbreviated format · 27 days before the deadline
2023
Liquidity more than quadruples current ratio 26.10 The current ratio rises from 5.64 to 26.10. Short-term debt falls from €247,112 to €50,750.
Annual accounts 2022 filed PDFabbreviated format · 19 days before the deadline
2022
Liquidity triples current ratio 5.64 The current ratio rises from 1.85 to 5.64.
Registered office moved from Schelle to KapellenNew registered office: Hoogboomsteenweg 110, 2950 Kapellen · Previous registered office: Brandekensweg 92, 2627 Schelle · Reappointments: De Belder Kristiaan, De Belder Stefanie, De Belder Valerie and Marc's Immo NV · General meeting of 31-12-202110 points ▸
  • Board meeting, 22-06-2021
  • Registered-office move, Hoogboomsteenweg 110, 2950 Kapellen
  • General meeting, 31-12-2021
  • Director reappointment, De Belder Kristiaan
  • Director reappointment, De Belder Stefanie
  • Director reappointment, De Belder Valerie
  • Director reappointment, Marc's Immo NV
  • Permanent representative, Van Muylders Marc
  • Board meeting, 31-12-2021
  • Director appointment, De Belder Kristiaan (managing director and chair of the board)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 20 days before the deadline
2019
2 directors appointed, 1 resignationAppointments: De Belder Stefanie and De Belder Valérie · Resignation: Van Der Wal NV · Permanent representative: De Belder Kristiaan · General meeting of 04-11-20195 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 72 days before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 63 days before the deadline
2017
Annual accounts 2017 filed PDFabbreviated format · 61 days before the deadline
Liquidity more than quadruples current ratio 98.84 The current ratio rises from 22.05 to 98.84. Short-term debt falls from €66,423 to €14,724.
Annual accounts 2016 filed PDFfull format · 25 days before the deadline
2016
Back to profit net €1.6m The net result is €1.6m, after 2 loss-making years.
Liquidity more than 59 times current ratio 22.05 The current ratio rises from 0.37 to 22.05. Short-term debt falls from €915,426 to €66,423.
Equity above €2m equity €2.2m ▲99.8% Equity rises from €1.1m to €2.2m.
2015
Annual accounts 2015 filed PDFfull format · 39 days before the deadline
2014
Annual accounts 2014 filed PDFfull format · 60 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · 56 days before the deadline
2012
Annual accounts 2012 filed PDFfull format · 45 days before the deadline
2011
Annual accounts 2011 filed PDFfull format · 57 days before the deadline
Annual accounts 2010 filed PDFabbreviated format · 9 days late
2009
Annual accounts 2009 filed PDFabbreviated format · 46 days before the deadline
Annual accounts 2008 filed PDFabbreviated format · 22 days before the deadline
2007
Annual accounts 2007 filed PDFabbreviated format · 34 days before the deadline
Annual accounts 2006 filed PDFabbreviated format · 8 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
1999
Annual accounts 1999 filed PDFabbreviated format
Annual accounts 1998 filed PDFabbreviated format
1997
Annual accounts 1997 filed PDFabbreviated format
1996
Annual accounts 1996 filed PDFabbreviated format
1995
Annual accounts 1995 filed PDFabbreviated format
Annual accounts 1994 filed PDFabbreviated format
1993
Annual accounts 1993 filed PDFabbreviated format
1992
First establishment DBF-MANAGEMENT, Hoogboomsteenweg 110, Kapellen
Incorporation published on 25-04-1992

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 3 April 1992, DBF - MANAGEMENT was incorporated.1 In 2022 the registered office moved to Kapellen.2 Total assets went from €1.7m in 2019 to €1.2m in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-02-2022
  3. 3National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0447.089.529
VAT number
BE 0447.089.529
Peppol ID
0208:0447089529
LEI code
8945006JEVQ3A5IHDH90 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
03-04-1992
Financial year
ends on 30 June
Peppol
Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DBF - MANAGEMENT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
73200 Market research and public opinion polling main activity
Codes under NACEBEL 2008
73200 Advertising, market research and public relations activities main activity
Codes under NACEBEL 2003
74131 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
DBF-MANAGEMENT registered office Hoogboomsteenweg 110, 2950 Kapellen 2110001 Manufacture of basic pharmaceutical products and pharmaceutical preparations 30-04-1992 2.057.327.240
1 former office
  • Brandekensweg 92, 2627 Schelle until 01-07-2021 · deed of 07-02-2022

Buildings and parcels at the address

Ground area
3,924 m²
Buildings
286 m²
Volume, LiDAR
1,579 m³
Tallest building
15.3 m
Buildings to scale, each on its own parcel
286 m², 15.3 m 286 m², 15.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11362M0426/00B0023,924 m² 1 · 286 m² 15.3 m · 2

We would like to set cookies. That happens only with your consent. What we measure