DBF RE Development
ActiveSummary
DBF RE Development has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€230,782) and a net result of -€116,772. Equity has been shrinking by about 73% per year since 2018. Its solvency ranks better than 5% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-09-2009 Normal situation
- Registered office
- 24 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Development of residential building projects NACE 68121and 1 other
- Establishment unit
- 2.180.929.984 9032 Gent, since 14-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- MT200100%· score 83annual accounts 2025
- LT Capital & Advice BVconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€101,542
- ▼ 11.2%
- Loss
- €116,772
- ▲ 26.7%
- Equity
- -€230,782
- ▼ 102%
- Total assets
- €152,504
- ▼ 20.4%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €116,772, the second in a row (financial year 2025)Negative equity -€230,782lowers riskSize: total assets €152,504Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 5% of them on solvency, 7% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-06-2026 PDF all 16 filings
Amounts without an identifiable currency are taken as euros.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €116,434, larger than the loss of €91,859 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as DBF RE Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €135,000 and €191,000, founded between 2007 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| DBF RE Development Gent | 2009 | €152,504 | -€230,782 | -€101,542 | -€116,772 | 2025 |
| VIMMO - CONSTRUCT Aalter | 2010 | €157,895 | -€332,982 | -€272,300 | -€291,305 | 2025 |
| BOUWWERKEN PAPELEU Geraardsbergen | 2010 | €191,051 | €187,880 | -€2,908 | -€3,225 | 2025 |
| JANSSEN-4-PROJECTBOUW Bilzen-Hoeselt | 2008 | €151,627 | €151,378 | -€2,415 | -€1,881 | 2025 |
| HomS Lasne | 2011 | €142,494 | €117,469 | -€4,096 | -€6,867 | 2025 |
| MGR IMMO Watermaal-Bosvoorde | 2007 | €138,670 | -€92 | -€381 | -€811 | 2025 |
| HOME 9 Liège | 2011 | €134,606 | -€65,845 | -€961 | -€7,959 | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,907 companies had the same profile as DBF RE Development has now. Two years later, 5.8% had gone bankrupt and 85.5% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DBF RE Development itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,907 companies, not a prediction for DBF RE Development. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0.7m | - | €0.03m | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.07m | €0.03m | - | €0.03m | €0.003m | ▼ 90.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.1m | €0.06m | €0.1m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0 | - | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.01m | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.003m | €0.003m | €0.001m | €0.001m | ▲ 11.0% |
| Gross operating margin9900 | €1.2m | €0.03m | -€0.04m | -€0.06m | -€0.02m | -€0.1m | -€0.09m | -€0.1m | ▼ 11.2% |
| Operating profit (loss)9901 | €1.2m | €0.03m | -€0.3m | -€0.06m | -€0.03m | -€0.1m | -€0.09m | -€0.1m | ▼ 26.8% |
| Financial income75/76B | - | - | - | €64 | - | - | €0 | €2 | ▲ 230× |
| Recurring financial income75 | - | €1 | €103 | €64 | - | - | €0 | €2 | ▲ 230× |
| Financial charges65/66B | - | - | - | €0.001m | €473 | €321 | €310 | €340 | ▲ 9.8% |
| Recurring financial charges65 | €0.08m | €0.02m | €0.001m | €0.001m | €473 | €321 | €310 | €340 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.01m | -€0.3m | -€0.06m | -€0.03m | -€0.1m | -€0.09m | -€0.1m | ▼ 26.7% |
| Income taxes67/77 | €0.3m | -€0.006m | -€0.005m | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €0.8m | €0.02m | -€0.3m | -€0.06m | -€0.03m | -€0.1m | -€0.09m | -€0.1m | ▼ 26.7% |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.02m | -€0.3m | -€0.06m | -€0.03m | -€0.1m | -€0.09m | -€0.1m | ▼ 26.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.9m | €2.4m | €1.0m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 20.4% |
| Formation expenses20 | - | €0 | - | - | - | - | - | - | - |
| Intangible fixed assets21 | - | €0 | - | - | - | - | - | - | - |
| Financial fixed assets28 | - | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €7.9m | €2.4m | €1.0m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 20.4% |
| Stocks and contracts in progress3 | €6.6m | €0 | €0.8m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 65.0% |
| Contracts in progress37 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 65.0% |
| Amounts receivable within one year40/41 | €1.3m | €0.07m | €0.07m | €0.2m | €0.1m | €0.1m | €0.07m | €0.1m | ▲ 57.2% |
| Trade receivables40 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.1m | ▲ 92.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.09m | €0.08m | €0.02m | €0.01m | ▼ 36.9% |
| Current investments50/53 | - | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.06m | €0.06m | €0.04m | €0.05m | €0.004m | €0.004m | ▲ 3.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.01m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.9m | €2.4m | €1.0m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 20.4% |
| Equity10/15 | €1.1m | €0.5m | €0.2m | €0.1m | €0.1m | -€0.02m | -€0.1m | -€0.2m | ▼ 102% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.03m | €0.03m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Legal reserve130 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | €0.6m | €0.05m | -€0.2m | -€0.3m | -€0.3m | -€0.5m | -€0.5m | -€0.7m | ▼ 21.3% |
| Amounts payable17/49 | €6.9m | €1.9m | €0.8m | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 25.4% |
| Amounts payable within one year42/48 | €5.8m | €1.5m | €0.5m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 79.2% |
| Trade debts44 | €0.5m | €0.1m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 24.2% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 24.2% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0.007m | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0.007m | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.03m | - | €0.05m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 5.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €798,539 | €17,145 | -€287,097 | -€62,551 | -€26,505 | -€126,227 | -€92,170 | -€116,772 | ▼ 26.7% |
| + Depreciation and write-downs630 | - | €0 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €798,539 | €17,145 | -€287,097 | -€62,551 | -€26,505 | -€126,227 | -€92,170 | -€116,772 | ▼ 26.7% |
| Change in cash | - | €36,792 | -€58,504 | €423 | -€22,568 | €7,292 | -€42,600 | €153 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-06-2026 | 2026-00144773 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00177940 | |
| 31-12-2023 | abbreviated format | 13-05-2024 | 2024-00087083 | |
| 31-12-2022 | abbreviated format | 24-05-2023 | 2023-00095452 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20261732 | |
| 31-12-2020 | abbreviated format | 01-09-2021 | 2021-65400299 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-24100039 | |
| 31-12-2018 | abbreviated format | 06-05-2019 | 2019-12400355 | |
| 31-12-2017 | full format | 29-05-2018 | 2018-14600352 | |
| 31-12-2016 | full format | 23-05-2017 | 2017-13100365 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersChain of control
- LT Capital & Advice BV
- ACLAGRO PROJECTS
- MT200
- DBF RE Development
Owners 2
- MT200parentEquity €495,503 Loss of €179,941 in 2025 (profit of €8,880 in 2024) Checked score 83100%
- LT Capital & Advice BVconsolidating parentEquity €59.7m Loss of €173,925 in 2025 (profit of €2.9m in 2024)consolidates
Network & group
Companies at the same address
23 other companies- ViAc Holding Registered office · since 2025 1021196697
- Square Private Equity Registered office · since 2024 1005028876
- Capribel Invest Registered office · since 2023 1002760561
- Hermes Invest Registered office · since 2022 0783517104
- TM Aclagro-BSV RO 190711 Registered office · since 2020 0753940220
- JACQUES DE VRIENDT-ROSA MORES Registered office · since 2020 0475880911
- Assist RE Development Registered office · since 2018 0699701778
- TV Alstu-Beton Registered office · since 2016 0725618990
- NDK 28 Registered office · since 2014 0555710723
- OTREVEST Registered office · since 2014 0546745646
Connections & network
1 current directorThe network starts from the directors of DBF RE Development. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-05
Gazette deed
Reappointment: Jean-Marie de Buck van Overstraeten (sole director)2 points ▸
- General meeting, 27-04-2026
- Director reappointment, Jean-Marie de Buck van Overstraeten (sole director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0818.294.968
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44074C0142/00B000 | Flanders | 2.4 ha | 1 · 2.9 ha | 14.4 m · 3 |