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DIBROVA

Active
Private limited companyfounded 2024active for 2 yearsRoze 203, 9900 Eeklo, BelgiumKBO/BCE: BE 1007.348.661
Summary

The computed 12-month bankruptcy probability of DIBROVA is 5.6% (elevated). The 2025 annual accounts show equity of €74,479 and a net result of €69,479. Its solvency ranks better than 22% of 9,396 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 20-03-2024 Normal situation
Activity
General construction of other non-residential buildings NACE 41003and 2 others
Financial year end
31 December
Peppol
Reachable since 29-12-2025

Board and ownership

Board

Financial position

37 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
5.6%
Annual accounts 2025
Gross margin
€202,864
Turnover
≈ €660,000
estimated
Profit
€69,479
Equity
€74,479
Total assets
€520,706
  • 2025 accounts filed 29 days after the deadline
Score breakdownraises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)No registered site in the KBOlowers riskFigures for financial year 2025 (filed on 31-08-2026)Show the evidence

Checked score

Score 2025
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 48% of micro companies in construction of buildings (NACE 41)
Financial strength
Average
Solvency 39
equity 14.3% of total assets
Liquidity 50
short-term debt 21.6% · cash 6.1%
Profitability 85
return on assets 13.3%
Bankruptcy probability within 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,453 companies, NACE 41, micro)
Last 24 months 04-2025: 6.0% 05-2025: 6.0%● unchanged vs 04-2025 06-2025: 6.2%▲ +0.2 percentage points vs 05-2025 07-2025: 6.7%▲ +0.5 percentage points vs 06-2025 08-2025: 6.9%▲ +0.2 percentage points vs 07-2025 09-2025: 7.5%▲ +0.6 percentage points vs 08-2025 10-2025: 8.2%▲ +0.7 percentage points vs 09-2025 11-2025: 8.2%● unchanged vs 10-2025 12-2025: 7.9%▼ -0.3 percentage points vs 11-2025 01-2026: 12.4%▲ +4.5 percentage points vs 12-2025 02-2026: 13.0%▲ +0.6 percentage points vs 01-2026 03-2026: 13.1%▲ +0.1 percentage points vs 02-2026highest value 04-2026: 13.1%● unchanged vs 03-2026highest value 05-2026: 13.1%● unchanged vs 04-2026highest value 06-2026: 13.1%● unchanged vs 05-2026highest value 07-2026: 13.1%● unchanged vs 06-2026highest value 08-2026: 13.1%● unchanged vs 07-2026highest value 09-2026: 5.7%▼ -7.4 percentage points vs 08-2026 10-2026: 5.6%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: 5.6%● unchanged vs 10-2026lowest value
Credit of up to €2,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.35, below the usual 1.5. Short-term debt is 21.6% and cash 6.1% of total assets. 85.7% of the assets are financed with debt and provisions.
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 41, micro). It does better than 21% of them on solvency, 53% on liquidity and 69% on profitability.

The bankruptcy probability was computed on 03-11-2026 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

Six signals.
lowers riskraises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Figures for financial year 2025 (filed on 31-08-2026)
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9396 sector peers (2025).
NBB · sector comparison
Position among 9396 sector peers
Solvency
better than 22%
← weakest strongest →
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
29 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Financials

Financials · financial year 2025, micro format

2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00456193.

Annual accounts 2025 filed on 29-08-2026 at the NBB

Turnover
≈ €660,000
Estimated: probably between €460,000 and €1.0m
Total assets
€520,706
Net result
€69,479
Working capital
€39,428

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €520,706
Fixed assets €368,881
Current assets €151,825
Equity and liabilities €520,706
Equity €74,479
Debt €446,227
Debt's share of the balance-sheet total is 85.7%.
Key figures and ratios
2025 value
EBITDA
€153,859
Cash flow
€125,587
Current ratio
1.35
Debt to equity
5.99
ROE
93.3%
ROA
13.3%
Interest coverage
30.82
Debt ≤ 1 year
€112,398
Debt > 1 year
€333,830
Income taxes
€23,330

Investments

fixed assets acquired
Item2025
Tangible fixed assets€424,989
Depreciation and write-downs of the year€56,108

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€520,706
Fixed assets21/28€368,881
Tangible fixed assets22/27€368,881
Land and buildings22€332,601
Plant, machinery and equipment23€2,927
Furniture and vehicles24€33,353
Current assets29/58€151,825
Amounts receivable after more than one year29€1,100
Other amounts receivable291€1,100
Amounts receivable within one year40/41€115,859
Trade receivables40€115,859
Cash at bank and in hand54/58€31,752
Deferred charges and accrued income490/1€3,114
Equity and liabilities
Total equity and liabilities10/49€520,706
Equity10/15€74,479
Contributions10/11€5,000
Profit (loss) carried forward14€69,479
Amounts payable17/49€446,227
Amounts payable after more than one year17€333,830
Financial debts170/4€333,830
Amounts payable within one year42/48€112,398
Current portion of amounts payable after more than one year42€31,170
Trade debts44€45,221
Suppliers440/4€45,221
Taxes, remuneration and social security45€32,594
Taxes450/3€32,594
Other amounts payable47/48€3,412
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,108
Other operating charges640/8€49,005
Gross operating margin9900€202,864
Operating profit (loss)9901€97,750
Financial income75/76B€51
Recurring financial income75€51
Financial charges65/66B€4,992
Recurring financial charges65€4,992
Profit (loss) for the period before taxes9903€92,809
Income taxes67/77€23,330
Profit (loss) for the period9904€69,479
Profit (loss) for the period to be appropriated9905€69,479
Appropriation of the result
Profit (loss) to be appropriated9906€69,479

The notes to these accounts have 6 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 2025 at the NBB, filed on 29-08-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,108
Other operating charges640/8€49,005
Gross operating margin9900€202,864
Operating profit (loss)9901€97,750
Financial income75/76B€51
Recurring financial income75€51
Financial charges65/66B€4,992
Recurring financial charges65€4,992
Profit (loss) for the period before taxes9903€92,809
Income taxes67/77€23,330
Profit (loss) for the period9904€69,479
Profit (loss) for the period to be appropriated9905€69,479
Line2025
Assets
Total assets20/58€520,706
Fixed assets21/28€368,881
Tangible fixed assets22/27€368,881
Land and buildings22€332,601
Plant, machinery and equipment23€2,927
Furniture and vehicles24€33,353
Current assets29/58€151,825
Amounts receivable after more than one year29€1,100
Other amounts receivable291€1,100
Amounts receivable within one year40/41€115,859
Trade receivables40€115,859
Cash at bank and in hand54/58€31,752
Deferred charges and accrued income490/1€3,114
Equity and liabilities
Total equity and liabilities10/49€520,706
Equity10/15€74,479
Contributions10/11€5,000
Profit (loss) carried forward14€69,479
Amounts payable17/49€446,227
Amounts payable after more than one year17€333,830
Financial debts170/4€333,830
Amounts payable within one year42/48€112,398
Current portion of amounts payable after more than one year42€31,170
Trade debts44€45,221
Suppliers440/4€45,221
Taxes, remuneration and social security45€32,594
Taxes450/3€32,594
Other amounts payable47/48€3,412
Line2025
Profit (loss) for the period9904€69,479
+ Depreciation and write-downs630€56,108
Operating cash flow (approximation)€125,587

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 1,602 companies had the same profile as DIBROVA has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.6% was still going
0.9% stopped otherwise
2.3% went bankrupt

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

The bankruptcy probability of DIBROVA itself is higher: 5.6% within 12 months. It rests on far more data about DIBROVA than the profile alone.

Test of the method

The method was tested on the 497,446 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 1,602 companies, not a prediction for DIBROVA. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-08-2026 2026-00456193 PDF

Board & ownership

Directors

Directors
1 director, no change since 2024
ANDRYCH Ivan Georgiyovych
Director (not named in the articles) · since 22-03-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 29-08-2026
Current

Owners and capital

Shareholders

At incorporation act of 22-03-2024 ↗

Capital transactions

Capital over time
  1. 22-03-2024 Incorporation · €5,000 · 100 shares

Articles of association

Capital, shares and profit

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Voor de helft ten laste van overdrager en andere helft ten laste van koper(s),naar evenredigheid bij meerdere kopers, elke overdracht onder…”

Audit, dissolution and liquidation

Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Artikel 23, algemene vergadering kan vereffenaars/bevoegdheden/vergoeding bepalen”

Articles of association, deed of 22-03-2024 (in Dutch)

Network & group

DIBROVA shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of DIBROVA. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

2026
29-08
NBB filing Annual accounts 2025 filedNBB
micro format · 29 days late
2025
15-12
Gazette deed Registered office moved from Sint-Jans-Molenbeek to Eeklo
New seat: Roze 203, 9900 Eeklo · Previous seat: Paalstraat 27, 1080 Sint-Jans-Molenbeek2 points ▸
  • General meeting, 09-12-2025
  • Registered-office move, Roze 203,9900 Eeklo

Open the act in the Belgian Official Gazette

2024
22-03
Gazette deed Incorporation
Starting capital €5,000 · Appointment: ANDRYCH Ivan Georgiyovych (director) · Founder8 points ▸
  • Incorporation, 14-03-2024
  • Founder, ANDRYCH Ivan Georgiyovych
  • Founding capital, €5,000
  • Registered office clause, “1080 Sint-Jans-Molenbeek,Paalstraat 27” (deed in Dutch)
  • Other provision, “oprichtingskosten ten laste vennootschap”, 1400 (deed in Dutch)
  • Pre-incorporation commitments, “takeover”, 01-01-2024 (deed in Dutch)
  • Board rule, 1
  • Director appointment, ANDRYCH Ivan Georgiyovych (director (not named in the articles))

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

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

History

On 20 March 2024, DIBROVA was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2025 the registered office moved to Eeklo.3 ANDRYCH Ivan Georgiyovych has served as director since 2024.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-03-2024
  3. 3Belgian Official Gazette, 15-12-2025
  4. 4National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name DIBROVA in Dutch
Enterprise number 1007.348.661
Legal form Private limited company
Status Active, normale toestand
Founded 20-03-2024
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-03-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of in het buitenland”
deed of 22-03-2024 (in Dutch)

Registered office and establishments

Registered office Roze 203, 9900 Eeklo, Belgium
1 former office
  • Paalstraat 27, 1080 Sint-Jans-Molenbeek until the act of 15-12-2025

Activities

NACEBEL 2025
41003 General construction of other non-residential buildings main activity
68122 Development of non-residential building projects
81300 Landscape service activities
Codes under NACEBEL 2008
41203 Construction of residential and non-residential buildings main activity
41102 Construction of residential and non-residential buildings
81300 Landscape service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het ontwerpen,bouwen,verbouwen en inrichten van roerende en onroerende goederen in de ruimste zin van het woord,waardoor zij alle…”
16 activities
  1. Het ontwerpen,bouwen,verbouwen en inrichten van roerende en onroerende goederen in de ruimste zin van het woord,waardoor zij alle activiteiten van een algemeen bouwbedrijf kan uitoefenen,van ruwbouw tot totale afwerking,voor particulieren,vrije beroepen en bedrijven,zowel binnen als buiten (alle soorten werken op dit gebied,afbraakwerken inbegrepen)
  2. Alle soorten openbare werken uitvoeren
  3. Het verlenen van diensten en advies met betrekking tot algemene bouw- en constructiewerkzaamheden,en tot de inrichting en renovatie van roerende en onroerende goederen. Het coördineren,uitvoeren en ontwerpen van al deze bouw- en verbouwingswerkzaamheden
  4. Het verkopen en aankopen,alsook het importeren en exporteren van alle soorten bouwmaterialen
  5. Inrichting en productie van alle interieurs en exterieurs,reclamemateriaal en de bouw van stands
  6. Kopen en verkopen,ontwerpen,fabriceren,bewerken en installeren van verlichting,sanitair en alles wat met elektriciteit te maken heeft
  7. Aanplanten,aanleggen en onderhouden van tuinen en parken
  8. Repareren en onderhouden van alle machines en uitrusting,inclusief wagons,vrachtwagens en ander rollend materieel
  9. Alle soorten voertuigen en bouwmachines importeren,exporteren,verkopen en kopen
  10. Het mag hypotheek nemen op zijn onroerend goed en al zijn andere activa verpanden,inclusief het bedrijf,en toestemming geven voor alle leningen,kredietfaciliteiten en andere verplichtingen,zowel voor zichzelf als voor derden
  11. De Vennootschap mag zich ook bezighouden met het verwerven,aanhouden en verkopen van aandelenbelangen in om het even welke vennootschap of onderneming,alsook deelnemen aan het bestuur van om het even welke vennootschap,al dan niet door het uitoefenen van bestuurstaken
  12. Ze mag bestuursmandaten uitoefenen in vennootschappen,verenigingen en andere organisaties
  13. De Vennootschap mag alle commerciële,industriële,roerende en onroerende vastgoedtransacties van gelijk welke aard uitvoeren in Zwitserland en in het buitenland. (Aankoop,verkoop,verhuur,verbouwing en terbeschikkingstelling van onroerende goederen voor eigen beheer)
  14. Het ontwikkelen van onroerend goed,zowel roerend als onroerend: verwerven,vervreemden,beheren,garanderen,exploiteren,ontwikkelen,onderverdelen,ontwikkelen,huren en verhuren,bouwen en verbouwen,evenals commerciële vastgoedtransacties in de breedste zin van het woord,waaronder de verhuur van onroerend goed. Optreden als syndicus en het beheren van eigendommen in mede-eigendom overeenkomstig de artikelen 3.64 en volgende van het Burgerlijk Wetboek
  15. De Vennootschap mag deelnemen of op een andere manier een belang nemen in andere bestaande of toekomstige vennootschappen,ondernemingen,verenigingen of joint ventures,zowel in België als in het buitenland
  16. De vennootschap mag,op welke wijze ook,belangen nemen in of ondernemingen,vennootschappen of ondernemingen verwerven die hetzelfde doel hebben of die de ontwikkeling van haar activiteiten kunnen bevorderen
deed of 22-03-2024 (in Dutch)

Invoicing and payment

VAT number BE 1007.348.661
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1007348661
Other Peppol ID 9925:BE1007348661
Registered 29-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

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 1007.348.661

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“HOOFDSTUK V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van…”
deed of 22-03-2024 (in Dutch)

Sites & property

Location
exact location from the address register On OpenStreetMap

Buildings and parcels at the address

Ground area
741 m²
Building footprint
274 m²
Building volume
1,622 m³
Cadastral parcel Region Area Buildings Height / floors
43005D0057/00C000 Flanders 741 m² 1 · 274 m² 10.7 m · 2