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DBM REFRIGERATION

Active
Private limited companyfounded 2004active for 22 yearsVoie de Liège(AYE) 12, 4630 Soumagne, BelgiumKBO/BCE: BE 0866.204.753
Summary

The computed 12-month bankruptcy probability of DBM REFRIGERATION is 14.9% (high). The 2025 annual accounts show negative equity (-€188,400) and a net result of -€194,583. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 5% of 9,615 sector peers (NACE 43, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222Other specialised construction activities NACE 43990
1 site
Size
€548,739total assets 2025
Staff
7.1 FTE
Equity
-€188,400
Loss
-€194,583
Turnover not published (abbreviated or micro format)
Financial health
25 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
14.9%
Structure
Largest shareholder
AL GESTION · 23.12%
Accounts filed 28 days late1 of 4 deeds read
Why 25raises riskNegative equity -€188,4002 changes of registered office in 24 monthsLoss of €194,583, the second in a row (financial year 2025)Liquidity: current ratio 0.72, cash €863, halvedShow the evidence

Checked score

Score 2025
25 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 2% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 0-26
equity -34.3% of total assets
Liquidity 0-1
short-term debt 131.1% · cash 0.2%
Profitability 0=
return on assets -35.5%
Bankruptcy probability, 12 months
14.9% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,541 companies, NACE 43, micro)
Last 24 months 11-2024: 1.2%lowest value 12-2024: 1.2%● unchanged vs 11-2024lowest value 01-2025: 1.2%● unchanged vs 12-2024lowest value 02-2025: 2.3%▲ +1.1 percentage points vs 01-2025 03-2025: 2.3%● unchanged vs 02-2025 04-2025: 2.4%▲ +0.1 percentage points vs 03-2025 05-2025: 2.7%▲ +0.3 percentage points vs 04-2025 06-2025: 2.7%● unchanged vs 05-2025 07-2025: 2.8%▲ +0.1 percentage points vs 06-2025 08-2025: 3.4%▲ +0.6 percentage points vs 07-2025 09-2025: 4.2%▲ +0.8 percentage points vs 08-2025 10-2025: 2.5%▼ -1.7 percentage points vs 09-2025 11-2025: 2.5%● unchanged vs 10-2025 12-2025: 2.5%● unchanged vs 11-2025 01-2026: 2.5%● unchanged vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026 04-2026: 2.5%● unchanged vs 03-2026 05-2026: 2.6%▲ +0.1 percentage points vs 04-2026 06-2026: 2.6%● unchanged vs 05-2026 07-2026: 5.8%▲ +3.2 percentage points vs 06-2026 08-2026: 6.9%▲ +1.1 percentage points vs 07-2026 09-2026: 14.9%▲ +8.0 percentage points vs 08-2026highest value 10-2026: 14.9%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.72, compared with 0.93 in 2024; short-term debt: 131.1% and cash: 0.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 3% on solvency, 2% on liquidity, 4% on profitability and 0% on growth.

The bankruptcy probability was computed on 09-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Negative equity -€188,400
NBB · annual accounts
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €194,583, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.72, cash €863, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€188,400
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
27 days late
2023
27 days late
2022
23 days late
2021
31 days late
2020
25 days late
2019
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignation: AL GESTION SRL (director)Director discharge · Registered-office move
  3. Weakest financial yearnet -€194,583

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€188,400 View
  • Caution: Among the weakest 5% on solvencysector median 44.1% · 9,615 companies -34.3% View
  • Caution: Result fell in 2025from -€126,626 to -€194,583 ▼ 53.7% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€194,583 View
  • A director leftlatest change 05-06-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2025
Total assets
€548,739
Loss
-€194,583
Solvency
-34.3%
Total assets▼ 7.9%
Net result
20182025
Go to Financials

Timeline

Events
26
Since
2006
Next accounts
by 31-07-2027
  1. 27-08-2025Annual accounts filed
  2. 27-08-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
29-06-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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