Summary
DBUILD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €375,443 and a net result of €151,700. Equity is growing by about 37% per year across the filed financial years. Its solvency ranks better than 71% of 9,762 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€375,443▲ 66.3%
2024 · €225,798
Net result
€151,700▲ 81.4%
2024 · €83,615
Total assets
€508,380▲ 31.0%
2024 · €388,164
Solvency
73.9%▲ 15.7pp
2024 · 58.2%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 71% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€267,537
2021
Operating result€206,854
2025
Net result€151,700
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€508,380
2025
Equity€375,443
2025
Debt€132,937
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€359,425
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)29.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency73.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.75
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€201,018-€234,749▲ 16.8%€267,537▲ 14.0%
Operating result€95,008-€120,767▲ 27.1%€153,751▲ 27.3%€107,207▼ 30.3%€121,581▲ 13.4%€121,090▼ 0.4%€206,854▲ 70.8%
Net result€72,785-€90,049above the sector's middle half▲ 23.7%€110,608above the sector's middle half▲ 22.8%€75,212above the sector's middle half▼ 32.0%€84,960above the sector's middle half▲ 13.0%€83,615above the sector's middle half▼ 1.6%€151,700above the sector's middle half▲ 81.4%
Equity€119,777-€214,402within the sector's middle half▲ 79.0%€74,011within the sector's middle half▼ 65.5%€101,223within the sector's middle half▲ 36.8%€142,183within the sector's middle half▲ 40.5%€225,798within the sector's middle half▲ 58.8%€375,443above the sector's middle half▲ 66.3%
Total assets€361,619-€434,442within the sector's middle half▲ 20.1%€313,328within the sector's middle half▼ 27.9%€358,016within the sector's middle half▲ 14.3%€412,028within the sector's middle half▲ 15.1%€388,164within the sector's middle half▼ 5.8%€508,380within the sector's middle half▲ 31.0%
Debt€241,842-€220,040▼ 9.0%€239,317▲ 8.8%€256,793▲ 7.3%€269,845▲ 5.1%€162,366▼ 39.8%€132,937▼ 18.1%
Working capital€287,712-€336,163above the sector's middle half▲ 16.8%€164,927above the sector's middle half▼ 50.9%€163,420above the sector's middle half▼ 0.9%€178,394above the sector's middle half▲ 9.2%€231,122above the sector's middle half▲ 29.6%€359,425above the sector's middle half▲ 55.5%
Solvency33.1%-49.4%within the sector's middle half▲ 16.2pp23.6%within the sector's middle half▼ 25.7pp28.3%within the sector's middle half▲ 4.7pp34.5%within the sector's middle half▲ 6.2pp58.2%within the sector's middle half▲ 23.7pp73.9%within the sector's middle half▲ 15.7pp
Current ratio5.18-5.47above the sector's middle half▲ 0.302.34within the sector's middle half▼ 3.131.98within the sector's middle half▼ 0.361.85within the sector's middle half▼ 0.142.74within the sector's middle half▲ 0.893.75within the sector's middle half▲ 1.01
Return on assets (ROA)20.1%-20.7%above the sector's middle half▲ 0.6pp35.3%above the sector's middle half▲ 14.6pp21.0%within the sector's middle half▼ 14.3pp20.6%within the sector's middle half▼ 0.4pp21.5%within the sector's middle half▲ 0.9pp29.8%above the sector's middle half▲ 8.3pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508,380
Fixed assets
€18,018 ▼ 24.7%
Current assets
€490,362 ▲ 34.6%
Equity and liabilities €508,380
Equity
€375,443 ▲ 66.3%
Debt
€132,937 ▼ 18.1%
Debt's share of the balance-sheet total falls from 41.8% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
40.4%▲
2024 · 37.0%
Debt ≤ 1 year
€130,937▼
2024 · €133,099
Income taxes
€47,833▲
2024 · €31,773
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €201,018 | €234,749 | €267,537 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €8,176 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,532 | €1,710 | €3,215 | €4,285 | €5,401 | €5,637 | €6,661 | ▲ 18.2% |
| Other operating charges640/8 | - | - | - | €5,986 | €4,705 | €4,217 | €4,744 | ▲ 12.5% |
| Gross operating margin9900 | €99,910 | €126,295 | €161,322 | €117,478 | €131,687 | €130,944 | €218,259 | ▲ 66.7% |
| Operating profit (loss)9901 | €95,008 | €120,767 | €153,751 | €107,207 | €121,581 | €121,090 | €206,854 | ▲ 70.8% |
| Financial charges65/66B | - | - | - | €4,381 | €5,552 | €5,702 | €7,321 | ▲ 28.4% |
| Recurring financial charges65 | €1,647 | €3,138 | €2,530 | €4,381 | €5,552 | €5,702 | €7,321 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €93,361 | €117,629 | €151,221 | €102,826 | €116,029 | €115,388 | €199,533 | ▲ 72.9% |
| Income taxes67/77 | €20,576 | €27,580 | €40,613 | €27,614 | €31,069 | €31,773 | €47,833 | ▲ 50.5% |
| Profit (loss) for the period9904 | €72,785 | €90,049 | €110,608 | €75,212 | €84,960 | €83,615 | €151,700 | ▲ 81.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €13,090 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €72,785 | €90,049 | €116,268 | €88,302 | €84,960 | €83,615 | €151,700 | ▲ 81.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €361,619 | €434,442 | €313,328 | €358,016 | €412,028 | €388,164 | €508,380 | ▲ 31.0% |
| Fixed assets21/28 | €5,024 | €23,128 | €25,572 | €27,957 | €22,556 | €23,943 | €18,018 | ▼ 24.7% |
| Tangible fixed assets22/27 | €5,024 | €23,128 | €25,572 | €27,957 | €22,556 | €23,943 | €18,018 | ▼ 24.7% |
| Plant, machinery and equipment23 | - | - | - | €3,935 | €2,615 | €1,295 | - | - |
| Furniture and vehicles24 | - | - | - | €9,057 | €6,853 | €11,438 | €8,685 | ▼ 24.1% |
| Other tangible fixed assets26 | - | - | - | €14,965 | €13,088 | €11,210 | €9,333 | ▼ 16.7% |
| Current assets29/58 | €356,595 | €411,314 | €287,756 | €330,059 | €389,472 | €364,221 | €490,362 | ▲ 34.6% |
| Amounts receivable within one year40/41 | - | €50,042 | €148 | €8,250 | €23,983 | €2,832 | €2,477 | ▼ 12.5% |
| Trade receivables40 | - | - | - | €55 | €20,039 | €171 | €172 | ▲ 0.6% |
| Other amounts receivable41 | - | - | - | €8,195 | €3,944 | €2,661 | €2,305 | ▼ 13.4% |
| Current investments50/53 | €200,764 | €200,764 | €200,764 | €200,764 | €200,764 | €200,764 | €200,764 | = |
| Cash at bank and in hand54/58 | €153,759 | €159,656 | €85,989 | €121,045 | €163,240 | €159,036 | €285,426 | ▲ 79.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,485 | €1,589 | €1,695 | ▲ 6.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €361,619 | €434,442 | €313,328 | €358,016 | €412,028 | €388,164 | €508,380 | ▲ 31.0% |
| Equity10/15 | €119,777 | €214,402 | €74,011 | €101,223 | €142,183 | €225,798 | €375,443 | ▲ 66.3% |
| Contributions10/11 | €12,400 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €107,377 | €195,802 | €55,411 | €82,623 | €123,583 | €207,198 | €356,843 | ▲ 72.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €80,763 | €123,583 | €207,198 | €356,843 | ▲ 72.2% |
| Amounts payable17/49 | €241,842 | €220,040 | €239,317 | €256,793 | €269,845 | €162,366 | €132,937 | ▼ 18.1% |
| Amounts payable after more than one year17 | €170,959 | €142,889 | €114,488 | €85,754 | €56,681 | €27,267 | - | - |
| Financial debts170/4 | - | - | - | €85,754 | €56,681 | €27,267 | - | - |
| Amounts payable within one year42/48 | €68,883 | €75,151 | €122,829 | €166,639 | €211,078 | €133,099 | €130,937 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,735 | €31,480 | €29,414 | €27,267 | ▼ 7.3% |
| Trade debts44 | €2,583 | €252 | €1,904 | €3,309 | €2,142 | €4,087 | €2,059 | ▼ 49.6% |
| Suppliers440/4 | - | - | - | €3,309 | €2,142 | €4,087 | €2,059 | ▼ 49.6% |
| Taxes, remuneration and social security45 | - | - | - | €17,404 | €19,294 | €20,601 | €14,671 | ▼ 28.8% |
| Taxes450/3 | - | - | - | €17,404 | €19,294 | €17,387 | €14,671 | ▼ 15.6% |
| Remuneration and social security454/9 | - | - | - | - | - | €3,214 | - | - |
| Other amounts payable47/48 | - | - | - | €117,191 | €158,162 | €78,997 | €86,940 | ▲ 10.1% |
| Accrued charges and deferred income492/3 | - | - | - | €4,400 | €2,086 | €2,000 | €2,000 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,785 | €90,049 | €110,608 | €75,212 | €84,960 | €83,615 | €151,700 | ▲ 81.4% |
| + Depreciation and write-downs630 | €1,532 | €1,710 | €3,215 | €4,285 | €5,401 | €5,637 | €6,661 | ▲ 18.2% |
| Operating cash flow (approximation) | €74,317 | €91,759 | €113,823 | €79,497 | €90,361 | €89,252 | €158,361 | ▲ 77.4% |
| Investment in fixed assets (approximation) | - | -€19,814 | -€5,659 | -€6,670 | €0 | -€7,024 | -€736 | ▲ 89.5% |
| Change in cash | - | €5,897 | -€73,667 | €35,056 | €42,195 | -€4,204 | €126,390 | ▲ 3,106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 24,717 companies in this sector, figures are known for 20,183. 14,005 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from December 2016 to September 2026 are still being read.