DHB PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of DHB PROJECTS is 2.2% (moderate). The 2025 annual accounts show equity of €22,599 and a net result of €9,408. Its solvency ranks better than 53% of 4522 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-2
Solvency69▲+11
Growth78
Track record82
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 0.86 in 2024; short-term debt: 56.3% and cash: 50.3% of total assets), and 56.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.7%
Return on assets
18.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
26 d late
2024
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,599▲ 71.3%
2024 · €13,191
Total assets
€51,695▲ 27.7%
2024 · €40,467
Net result
€9,408▲ 14.9%
2024 · €8,191
Working capital
€11,655
2024 · -€3,918
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
Line20242025
Operating result€11,503-€13,381▲ 16.3%
Net result€8,191-€9,408▲ 14.9%
Equity€13,191-€22,599▲ 71.3%
Total assets€40,467-€51,695▲ 27.7%
Debt€27,276-€29,095▲ 6.7%
Working capital-€3,918-€11,655
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,695
Fixed assets
€10,945 ▼ 36.0%
Current assets
€40,750 ▲ 74.5%
Equity and liabilities €51,695
Equity
€22,599 ▲ 71.3%
Debt
€29,095 ▲ 6.7%
Debt's share of the balance-sheet total falls from 67.4% to 56.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,447▲
2024 · €19,087
Cash flow
€18,474▲
2024 · €15,775
Current ratio
1.40▲
2024 · 0.86
Debt to equity
1.29▼
2024 · 2.07
ROE
41.6%▼
2024 · 62.1%
ROA
18.2%▼
2024 · 20.2%
Interest coverage
82.87▼
2024 · 1165.26
Debt ≤ 1 year
€29,095▲
2024 · €27,276
Income taxes
€3,712▲
2024 · €3,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,584 | €9,066 | ▲ 19.5% |
| Other operating charges640/8 | €658 | €1,210 | ▲ 83.9% |
| Gross operating margin9900 | €19,745 | €23,657 | ▲ 19.8% |
| Operating profit (loss)9901 | €11,503 | €13,381 | ▲ 16.3% |
| Financial income75/76B | €2 | €10 | ▲ 577% |
| Recurring financial income75 | €2 | €10 | ▲ 577% |
| Financial charges65/66B | €16 | €271 | ▲ 1,554% |
| Recurring financial charges65 | €16 | €271 | ▲ 1,554% |
| Profit (loss) for the period before taxes9903 | €11,488 | €13,121 | ▲ 14.2% |
| Income taxes67/77 | €3,297 | €3,712 | ▲ 12.6% |
| Profit (loss) for the period9904 | €8,191 | €9,408 | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €8,191 | €9,408 | ▲ 14.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €40,467 | €51,695 | ▲ 27.7% |
| Fixed assets21/28 | €17,109 | €10,945 | ▼ 36.0% |
| Tangible fixed assets22/27 | €17,109 | €10,945 | ▼ 36.0% |
| Plant, machinery and equipment23 | €9,256 | €7,981 | ▼ 13.8% |
| Furniture and vehicles24 | €7,853 | €2,964 | ▼ 62.3% |
| Current assets29/58 | €23,357 | €40,750 | ▲ 74.5% |
| Amounts receivable within one year40/41 | €5,940 | €13,567 | ▲ 128% |
| Trade receivables40 | €4,246 | €11,597 | ▲ 173% |
| Other amounts receivable41 | €1,693 | €1,970 | ▲ 16.4% |
| Cash at bank and in hand54/58 | €17,417 | €25,997 | ▲ 49.3% |
| Deferred charges and accrued income490/1 | - | €1,186 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €40,467 | €51,695 | ▲ 27.7% |
| Equity10/15 | €13,191 | €22,599 | ▲ 71.3% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €8,191 | €17,599 | ▲ 115% |
| Distributable reserves133 | €8,191 | €17,599 | ▲ 115% |
| Amounts payable17/49 | €27,276 | €29,095 | ▲ 6.7% |
| Amounts payable within one year42/48 | €27,276 | €29,095 | ▲ 6.7% |
| Trade debts44 | €17,875 | €13,934 | ▼ 22.0% |
| Suppliers440/4 | €17,875 | €13,934 | ▼ 22.0% |
| Taxes, remuneration and social security45 | €3,297 | €7,009 | ▲ 113% |
| Taxes450/3 | €3,297 | €7,009 | ▲ 113% |
| Other amounts payable47/48 | €6,104 | €8,152 | ▲ 33.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,191 | €9,408 | ▲ 14.9% |
| + Depreciation and write-downs630 | €7,584 | €9,066 | ▲ 19.5% |
| Operating cash flow (approximation) | €15,775 | €18,474 | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | -€2,901 | - |
| Change in cash | - | €8,579 | - |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2024
Ground area
5,402 m²
Building footprint
2,014 m²
Volume, LiDAR
13,875 m³
Parcel 46014A1192/00A002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
vinci Gardens
since 20242.353.906.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1192/00A002 | Flanders | 5,402 m² | 1 · 2,014 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 1028.301.453
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IN2GREEN
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Of 21,222 companies in sector 81300 we hold annual accounts for 4,366. 3,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2023
Fiscal year end31-12
Trade name NL
Vinci Gardens / DHM Stables
Activities, NACEBEL 2025
81300Landscape service activities
Contact
E-mail
zico0811@hotmail.comLokeren
Phone
+32485574538Lokeren
Scores and ratios are computed by Checked and are not a credit decision.