DPB Services
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-03-2026 PDF all 16 filings
Turnover
≈ €120,000
Estimated: probably between €69,000 and €160,000
Total assets
€525,566▼ 3.3%
2024 · €543,445
Net result
€678▼ 85.2%
2024 · €4,587
Working capital
-€16,300▼ 826%
2024 · -€1,760
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€17,990
▼ 19.8%
2025
20192025
Net result
€678
▼ 85.2%
2025
lowest quarter of the sector
20192025
Equity
€287,096
▲ 0.2%
2025
highest quarter of the sector
20192025
Total assets
€525,566
▼ 3.3%
2025
highest quarter of the sector
20192025
Debt
€238,470
▼ 7.2%
2025
20192025
Working capital
-€16,300
▼ 826%
2025
lowest quarter of the sector
20192025
Solvency
54.6%
▲ 1.9pp
2025
middle half of the sector
20192025
Current ratio
0.45
▼ 0.47
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
0.1%
▼ 0.7pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€27,359-€24,625▼ 10.0%€20,101▼ 18.4%€18,962▼ 5.7%€13,532▼ 28.6%€22,444▲ 65.9%€17,990▼ 19.8%
Net result€19,217-€16,615within the sector's middle half▼ 13.5%€9,061within the sector's middle half▼ 45.5%€7,750within the sector's middle half▼ 14.5%-€814below the sector's middle half€4,587within the sector's middle half€678below the sector's middle half▼ 85.2%
Equity€249,219-€265,834above the sector's middle half▲ 6.7%€274,895above the sector's middle half▲ 3.4%€282,645above the sector's middle half▲ 2.8%€281,832above the sector's middle half▼ 0.3%€286,419above the sector's middle half▲ 1.6%€287,096above the sector's middle half▲ 0.2%
Total assets€630,172-€641,851above the sector's middle half▲ 1.9%€582,956above the sector's middle half▼ 9.2%€594,787above the sector's middle half▲ 2.0%€545,564above the sector's middle half▼ 8.3%€543,445above the sector's middle half▼ 0.4%€525,566above the sector's middle half▼ 3.3%
Debt€380,953-€376,017▼ 1.3%€308,061▼ 18.1%€312,142▲ 1.3%€263,732▼ 15.5%€257,026▼ 2.5%€238,470▼ 7.2%
Working capital€22,211-€46,629within the sector's middle half▲ 110%€1,282within the sector's middle half▼ 97.3%€34,651within the sector's middle half▲ 27×€3,067within the sector's middle half▼ 91.1%-€1,760below the sector's middle half-€16,300below the sector's middle half▼ 826%
Solvency39.5%-41.4%within the sector's middle half▲ 1.9pp47.2%within the sector's middle half▲ 5.7pp47.5%within the sector's middle half▲ 0.4pp51.7%within the sector's middle half▲ 4.1pp52.7%within the sector's middle half▲ 1.0pp54.6%within the sector's middle half▲ 1.9pp
Current ratio3.48-6.17above the sector's middle half▲ 2.691.08within the sector's middle half▼ 5.093.33within the sector's middle half▲ 2.251.17within the sector's middle half▼ 2.150.92below the sector's middle half▼ 0.260.45below the sector's middle half▼ 0.47
Return on assets (ROA)3.0%-2.6%within the sector's middle half▼ 0.5pp1.6%within the sector's middle half▼ 1.0pp1.3%below the sector's middle half▼ 0.3pp-0.1%below the sector's middle half▼ 1.5pp0.8%below the sector's middle half▲ 1.0pp0.1%below the sector's middle half▼ 0.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 20% lower than in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Assets €525,566
Fixed assets
€512,424 ▼ 2.2%
Current assets
€13,142 ▼ 31.7%
Equity and liabilities €525,566
Equity
€287,096 ▲ 0.2%
Debt
€238,470 ▼ 7.2%
Debt's share of the balance-sheet total falls from 47.3% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,172▼
2024 · €41,680
Cash flow
€21,860▼
2024 · €23,823
Debt to equity
0.83▼
2024 · 0.90
ROE
0.2%▼
2024 · 1.6%
Interest coverage
2.26▼
2024 · 2.33
Debt ≤ 1 year
€29,442▲
2024 · €21,013
Debt > 1 year
€208,500▼
2024 · €235,500
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €18,664 | €9,414 |
| Depreciation and write-downs of the year | €20,480 | €20,480 | €19,236 | €21,182 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,713 | €20,480 | €20,480 | €20,480 | €20,480 | €19,236 | €21,182 | ▲ 10.1% |
| Other operating charges640/8 | - | - | - | €1,034 | €1,270 | €1,737 | €1,495 | ▼ 13.9% |
| Gross operating margin9900 | €48,021 | €46,914 | €41,592 | €40,476 | €35,282 | €43,418 | €40,667 | ▼ 6.3% |
| Operating profit (loss)9901 | €27,359 | €24,625 | €20,101 | €18,962 | €13,532 | €22,444 | €17,990 | ▼ 19.8% |
| Financial income75/76B | - | - | - | - | - | €14 | €2 | ▼ 87.4% |
| Recurring financial income75 | - | - | - | - | - | €14 | €2 | ▼ 87.4% |
| Financial charges65/66B | - | - | - | €11,211 | €14,346 | €17,871 | €17,314 | ▼ 3.1% |
| Recurring financial charges65 | €8,142 | €8,144 | €11,040 | €11,211 | €14,346 | €17,871 | €17,314 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €19,217 | €16,615 | €9,061 | €7,750 | -€814 | €4,587 | €678 | ▼ 85.2% |
| Profit (loss) for the period9904 | €19,217 | €16,615 | €9,061 | €7,750 | -€814 | €4,587 | €678 | ▼ 85.2% |
| Profit (loss) for the period to be appropriated9905 | €19,217 | €16,615 | €9,061 | €7,750 | -€814 | €4,587 | €678 | ▼ 85.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €630,172 | €641,851 | €582,956 | €594,787 | €545,564 | €543,445 | €525,566 | ▼ 3.3% |
| Fixed assets21/28 | €599,008 | €586,205 | €565,724 | €545,244 | €524,764 | €524,192 | €512,424 | ▼ 2.2% |
| Tangible fixed assets22/27 | €599,008 | €586,205 | €565,724 | €545,244 | €524,764 | €524,192 | €512,424 | ▼ 2.2% |
| Land and buildings22 | - | - | - | €545,244 | €524,764 | €524,192 | €512,424 | ▼ 2.2% |
| Current assets29/58 | €31,164 | €55,646 | €17,232 | €49,543 | €20,800 | €19,253 | €13,142 | ▼ 31.7% |
| Amounts receivable within one year40/41 | €11,100 | €12,820 | €11,435 | €10,469 | €11,162 | €11,162 | €7,216 | ▼ 35.4% |
| Trade receivables40 | - | - | - | €10,469 | €11,162 | €11,162 | €7,216 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €19,058 | €41,791 | €4,566 | €37,773 | €8,191 | €6,567 | €4,403 | ▼ 33.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,301 | €1,446 | €1,523 | €1,523 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €630,172 | €641,851 | €582,956 | €594,787 | €545,564 | €543,445 | €525,566 | ▼ 3.3% |
| Equity10/15 | €249,219 | €265,834 | €274,895 | €282,645 | €281,832 | €286,419 | €287,096 | ▲ 0.2% |
| Contributions10/11 | €270,900 | - | - | €270,900 | €270,900 | €272,140 | €272,140 | = |
| Reserves13 | €9,051 | €9,051 | €9,051 | €11,745 | €10,932 | €14,279 | €14,956 | ▲ 4.7% |
| Non-distributable reserves130/1 | - | - | - | €1,240 | €1,240 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,240 | €1,240 | - | - | - |
| Distributable reserves133 | - | - | - | €10,505 | €9,692 | €14,279 | €14,956 | ▲ 4.7% |
| Profit (loss) carried forward14 | -€30,732 | -€14,117 | -€5,055 | - | - | - | - | - |
| Amounts payable17/49 | €380,953 | €376,017 | €308,061 | €312,142 | €263,732 | €257,026 | €238,470 | ▼ 7.2% |
| Amounts payable after more than one year17 | €372,000 | €367,000 | €292,000 | €292,000 | €245,500 | €235,500 | €208,500 | ▼ 11.5% |
| Financial debts170/4 | - | - | - | €292,000 | €245,500 | €235,500 | €208,500 | ▼ 11.5% |
| Amounts payable within one year42/48 | €8,953 | €9,017 | €15,950 | €14,892 | €17,732 | €21,013 | €29,442 | ▲ 40.1% |
| Trade debts44 | €134 | €109 | €348 | €922 | - | €20 | €4,408 | ▲ 219× |
| Suppliers440/4 | - | - | - | €922 | - | €20 | €4,408 | ▲ 219× |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €3,025 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,124 | €6,743 | €7,237 | €7,611 | ▲ 5.2% |
| Taxes450/3 | - | - | - | €5,124 | €6,743 | €7,237 | €7,611 | ▲ 5.2% |
| Other amounts payable47/48 | - | - | - | €8,847 | €10,990 | €13,755 | €14,398 | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | €5,250 | €499 | €513 | €528 | ▲ 2.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,217 | €16,615 | €9,061 | €7,750 | -€814 | €4,587 | €678 | ▼ 85.2% |
| + Depreciation and write-downs630 | €19,713 | €20,480 | €20,480 | €20,480 | €20,480 | €19,236 | €21,182 | ▲ 10.1% |
| Operating cash flow (approximation) | €38,930 | €37,096 | €29,542 | €28,230 | €19,666 | €23,823 | €21,860 | ▼ 8.2% |
| Investment in fixed assets (approximation) | - | -€7,677 | €0 | €0 | €0 | -€18,664 | -€9,414 | ▲ 49.6% |
| Change in cash | - | €22,732 | -€37,225 | €33,208 | -€29,582 | -€1,624 | -€2,164 | ▼ 33.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as DPB Services has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.9%
was still going
3.6%
stopped otherwise
0.4%
went bankrupt
That fits the bankruptcy probability of DPB Services itself: 0.1% within 12 months.
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.
| 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 6,049 companies, not a prediction for DPB Services. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 10-03-2026 | 2026-00051848 | |
| 30-09-2024 | micro format | 04-03-2025 | 2025-00044022 | |
| 30-09-2023 | micro format | 05-03-2024 | 2024-00040089 | |
| 30-09-2022 | micro format | 15-03-2023 | 2023-00039789 | |
| 30-09-2021 | micro format | 11-03-2022 | 2022-07500010 | |
| 30-09-2020 | micro format | 12-03-2021 | 2021-07400373 | |
| 30-09-2019 | micro format | 12-03-2020 | 2020-06500411 | |
| 30-09-2018 | micro format | 11-03-2019 | 2019-06700386 | |
| 30-09-2017 | micro format | 06-03-2018 | 2018-06400017 | |
| 30-09-2016 | abbreviated format | 09-03-2017 | 2017-06200107 |