DNVD
ActiveSummary
The computed 12-month bankruptcy probability of DNVD is 4.1% (elevated). The 2024 annual accounts show negative equity (-€38,947) and a net result of -€1,769. Equity is growing by about 5.3% per year across the filed financial years. Its solvency ranks better than 5% of 15,442 sector peers (NACE 46, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€38,947
- Loss
- -€1,769
- MUSTAFA,RamadanDirector
- DIMITROV,Ilia RumenovDirector
Why 46raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 04-07-2025)lowers riskSize: turnover €5,053, total assets €6,218Founded in 1990Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro): better than 6% on solvency, 9% on liquidity, 6% on profitability and 17% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 6 accounts on average 34 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: MUSTAFA,Ramadan Ibryam (director)Appointment: DIMITROV,Ilia Rumenov (director) ·…
- Resignation: ROT,Shalom (manager)Appointment: MUSTAFA,Ramadan (director) · Name…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €1,378 in 2024 against €3,166 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €450,123 | €65,637 | €53,984 | €37,805 | - | €31,543 | €5,053 | ▼ 84.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €33,575 | €8,102 | €34,601 | €6,313 | ▼ 81.8% |
| Remuneration, social security and pensions62 | - | - | - | - | €695 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €449 | €269 | €109 | €118 | ▲ 8.3% |
| Gross operating margin9900 | €5,780 | €8,076 | €14,326 | €4,230 | €2,664 | -€3,057 | -€1,260 | ▲ 58.8% |
| Operating profit (loss)9901 | -€12,743 | €7,331 | €13,762 | €3,781 | €1,700 | -€3,166 | -€1,378 | ▲ 56.5% |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €729 | €365 | €482 | €391 | ▼ 18.9% |
| Recurring financial charges65 | €2,670 | €1,061 | €762 | €729 | €365 | €482 | €391 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €14,205 | €11,883 | €14,156 | €3,052 | €1,335 | -€3,649 | -€1,769 | ▲ 51.5% |
| Income taxes67/77 | €4,880 | €2,563 | €0 | €2,046 | €1,001 | €214 | - | - |
| Profit (loss) for the period9904 | €9,324 | €9,320 | €14,156 | €1,006 | €334 | -€3,863 | -€1,769 | ▲ 54.2% |
| Profit (loss) for the period to be appropriated9905 | €9,324 | €9,320 | €14,156 | €1,006 | €334 | -€3,863 | -€1,769 | ▲ 54.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €239,616 | €268,702 | €270,267 | €271,276 | €38,029 | €8,802 | €6,218 | ▼ 29.4% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | = |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | €4,900 | = |
| Current assets29/58 | €234,716 | €263,802 | €265,367 | €266,376 | €33,129 | €3,902 | €1,318 | ▼ 66.2% |
| Stocks and contracts in progress3 | €205,770 | €258,890 | €260,240 | €252,735 | €31,735 | €2,000 | - | - |
| Stocks30/36 | - | - | - | €252,735 | €31,735 | €2,000 | - | - |
| Amounts receivable within one year40/41 | €10,300 | €2,824 | €2,658 | €8,701 | €859 | €1,165 | €950 | ▼ 18.4% |
| Trade receivables40 | - | - | - | €8,104 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €597 | €859 | €1,165 | €950 | ▼ 18.4% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €18,646 | €2,088 | €2,326 | €4,940 | €534 | €737 | €367 | ▼ 50.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €239,616 | €268,702 | €270,267 | €271,276 | €38,029 | €8,802 | €6,218 | ▼ 29.4% |
| Equity10/15 | -€58,133 | -€48,813 | -€34,657 | -€33,651 | -€33,316 | -€37,179 | -€38,947 | ▼ 4.8% |
| Contributions10/11 | €18,596 | €18,596 | €18,596 | €18,596 | €18,596 | €18,596 | €18,596 | = |
| Contributions outside capital11 | - | - | - | €18,596 | €18,596 | €18,596 | €18,596 | = |
| Other1109/19 | - | - | - | €18,596 | €18,596 | €18,596 | €18,596 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€78,589 | -€69,269 | -€55,113 | -€54,107 | -€53,772 | -€57,635 | -€59,403 | ▼ 3.1% |
| Amounts payable17/49 | €297,748 | €317,515 | €304,924 | €304,927 | €71,345 | €45,980 | €45,165 | ▼ 1.8% |
| Amounts payable within one year42/48 | €297,748 | €317,515 | €304,924 | €304,927 | €71,345 | €45,980 | €45,165 | ▼ 1.8% |
| Trade debts44 | €7,742 | €11,977 | €1,934 | €1,628 | €3,406 | €3,811 | - | - |
| Suppliers440/4 | - | - | - | €1,628 | €3,406 | €3,811 | - | - |
| Advances received on contracts in progress46 | - | - | - | €4,000 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,415 | - | - | - | - |
| Taxes450/3 | - | - | - | €1,415 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €297,884 | €67,939 | €42,169 | €45,165 | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,324 | €9,320 | €14,156 | €1,006 | €334 | -€3,863 | -€1,769 | ▲ 54.2% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €9,324 | €9,320 | €14,156 | €1,006 | €334 | -€3,863 | -€1,769 | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€16,558 | €238 | €2,614 | -€4,406 | €203 | -€370 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 01-07-2025 | 2025-00228959 |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00199223 |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00227615 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20446781 |
| 31-12-2020 | micro format | 04-03-2021 | 2021-07000015 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19400285 |
| 31-12-2018 | micro format | 23-05-2019 | 2019-14200172 |
| 31-12-2017 | micro format | 08-11-2018 | 2018-72000050 |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65000191 |
| 31-12-2014 | abbreviated format | 26-04-2016 | 2016-11100289 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MUSTAFA,Ramadan |
|
| DIMITROV,Ilia Rumenov |
|
| MUSTAFA,Ramadan Ibryam |
|
| ROT,Shalom |
|
Owners and capital
Capital and shareholders
- 17-03-2025 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-06
Gazette deed
Resignation: MUSTAFA,Ramadan Ibryam (director)Appointment: DIMITROV,Ilia Rumenov (director) · Purpose change · Amendment of the articles9 facts ▸
- General meeting, 06-06-2025
- Other provision, “vrijstelling voorlezing verslag bestuursorgaan, aandeelhouders erkennen afschrift te hebben ontvangen” (deed in Dutch)
- Purpose change
- Amendment of the articles, 3
- Director resignation, MUSTAFA,Ramadan Ibryam (director)
- Director appointment, DIMITROV,Ilia Rumenov (director)
- Director discharge, MUSTAFA,Ramadan Ibryam
- Power of attorney
- Power of attorney, Rembert VAN BAEL
17-03
Gazette deed
Resignation: ROT,Shalom (manager)Appointment: MUSTAFA,Ramadan (director) · Name change · Amendment of the articles17 facts ▸
- General meeting, 13-03-2025
- Name change, DNVD
- Amendment of the articles (3 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered-office move, 2830 Willebroek,Schoondonkweg 18 unit 15
- Purpose change
- Other provision, “vrijstelling voorlezing verslag bestuursorgaan, aandeelhouders erkennen afschrift te hebben ontvangen” (deed in Dutch)
- Other provision, “elektronisch aandelenregister, mogelijkheid invoegen om register elektronisch bij te houden” (deed in Dutch)
- Other provision, “bestuursorgaan en algemene vergadering van aandeelhouders, elektronische vergadering en besluitvorming” (deed in Dutch)
- Other provision, “interim-dividenden, mogelijkheid invoegen om te beslissen tot uitkeringen” (deed in Dutch)
- Capital
- +5 further facts in this act
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12036B0282/00E000 | Flanders | 6,767 m² | 1 · 3,527 m² | - |
| 11811L3745/00P000 | Flanders | 392 m² | 1 · 241 m² | 27.7 m · 8 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1) Kleinhandel in goud en zilverwerk en juwelen,fantasiejuwelen,uurwerken en radio-elektrisch materiaal. Groothandel in goudsmidwerk en…” (deed in Dutch)
22 activities (deed in Dutch)
- 1) Kleinhandel in goud en zilverwerk en juwelen,fantasiejuwelen,uurwerken en radio-elektrisch materiaal. Groothandel in goudsmidwerk en juwelen,fantasiebijouterieën,uurwerken en radio-elektrisch materiaal.
- 2) Klein- en groothandel in textiel,kleding en schoeisel.
- 3) Kleinhandel,aan- en verkoop,import en export,de commissiehandel,de vertegenwoordiging van: dagbladen,omvattende eveneens: tijdschriften,boeken,papier- en schrijfwaren,diverse publicaties en alle mogelijke rookartikelen,snoepartikelen; evenals van alle mogelijke drukwerken en papeterie zoals prent- en briefkaarten,posters,geschenkartikelen; alle mogelijke speelgoed en gadgets in alle mogelijke materialen; alle schoolbenodigdheden; evenals alle mogelijke aanverwante artikelen zoals kaders en dit alles in de meest uitgebreide zin;
- Aan- en verkoop van frisdranken en geestrijke dranken niet onderworpen aan een vergunning.
- 4) Tussenpersoon,innings- en plaatsingskantoor van producten van de Nationale Loterij en andere wettelijk toegestane kansspelen.
- 5) De uitbating van horecazaken,café,tearoom en feestzaal al dan niet met alcoholhoudende dranken en sterke dranken. En al wat daarmede rechtstreeks of onrechtstreeks verband houdt.
- 6) Verkoop van alle afgewerkte bakkerijproducten zoals brood,koffiekoeken en gebak.
- 7) Het beheer van een patrimonium,samengesteld uit: onroerende en roerende goederen,het valoriseren,in stand houden en oordeelkundig uitbouwen van dit patrimonium vooral door beheersdaden.
- 8) Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of nog op te richten vennootschappen of ondernemingen,het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt.
- 9) Algemene groothandel in voeding
- 10) Groothandel in Drank
- 11) Groothandel in Bouwmaterialen
- 12) Groothandel in Textiel
- 13) Groothandel in Fruit en groenten
- 14) Groothandel in Meubels
- 15) Groothandel in ijzerwaren
- 16) Groothandel in auto onderdelen
- 17) Het uitoefenen van handelsbemiddelingsbedrijf in meubels,huishoudelijke artikelen en ijzerwaren
- 18) Handel in auto-onderdelen en scheepsonderdelen
- 19) Handel in industriële machines
- 20) Handel in muziekinstrumenten
- 21) Handel in meubels
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DNVD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan mag administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren vestigen in België of…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Vaste of evenredige vergoeding geboekt op algemene kosten los van representatie reis verplaatsing, algemene vergadering beslist al dan niet…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aard aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met nieuwe aandelen en voorkeurrecht, Artikel 7” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door AV in vormen statutenwijziging, Artikel 24” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere benoemd onverminderd recht AV vereffenaars aan te duiden…” (deed in Dutch)