DPH MANAGEMENT
ActiveSummary
DPH MANAGEMENT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€134,683) and a net result of -€6,693. Equity is shrinking by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.13 in 2024; short-term debt: 786.4% and cash: 22.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-686.4%
Return on assets
-34.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€134,683
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 10 filingsDeviation from the deadline
2025
4 d late
2024
13 d late
2023
27 d early
2022
12 d early
2021
11 d late
2020
18 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 4 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Walhain, Wholesale and retail trade sector
Equity
-€134,683▼ 5.2%
2024 · -€127,990
Total assets
€19,621▲ 3.7%
2024 · €18,920
Net result
-€6,693▲ 76.0%
2024 · -€27,848
Working capital
-€134,683▼ 5.2%
2024 · -€127,990
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,863▲ 40.9%-€6,516▼ 68.7%-€6,486▲ 0.5%-€19,537▼ 201%-€2,290▲ 88.3%
Net result-€20,988below the sector's middle half▼ 153%-€24,003below the sector's middle half▼ 14.4%-€21,711below the sector's middle half▲ 9.6%-€27,848below the sector's middle half▼ 28.3%-€6,693below the sector's middle half▲ 76.0%
Equity-€54,428below the sector's middle half▼ 62.8%-€78,431below the sector's middle half▼ 44.1%-€100,142below the sector's middle half▼ 27.7%-€127,990below the sector's middle half▼ 27.8%-€134,683below the sector's middle half▼ 5.2%
Total assets€183,947within the sector's middle half▲ 64.4%€233,003within the sector's middle half▲ 26.7%€233,498within the sector's middle half▲ 0.2%€18,920below the sector's middle half▼ 91.9%€19,621below the sector's middle half▲ 3.7%
Debt€238,375▲ 64.0%€311,435▲ 30.6%€333,640▲ 7.1%€146,910▼ 56.0%€154,305▲ 5.0%
Working capital€85,572above the sector's middle half▼ 18.0%€61,569within the sector's middle half▼ 28.1%-€100,142below the sector's middle half-€127,990below the sector's middle half▼ 27.8%-€134,683below the sector's middle half▼ 5.2%
Solvency-29.6%below the sector's middle half▲ 0.3pp-33.7%below the sector's middle half▼ 4.1pp-42.9%below the sector's middle half▼ 9.2pp-676.5%below the sector's middle half▼ 633.6pp-686.4%below the sector's middle half▼ 9.9pp
Current ratio1.87within the sector's middle half▼ 18.611.36within the sector's middle half▼ 0.510.70below the sector's middle half▼ 0.660.13below the sector's middle half▼ 0.570.13below the sector's middle half=
Return on assets (ROA)-11.4%below the sector's middle half▼ 4.0pp-10.3%below the sector's middle half▲ 1.1pp-9.3%below the sector's middle half▲ 1.0pp-147.2%below the sector's middle half▼ 137.9pp-34.1%below the sector's middle half▲ 113.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,290 in 2025 against €19,537 in 2024; the loss shrinks.
Key figures and ratios
Debt to equity
-1.15▲
2024 · -1.15
Debt ≤ 1 year
€154,305▲
2024 · €146,910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €369 | €1,239 | €24 | €797 | €400 | ▼ 49.8% |
| Gross operating margin9900 | -€3,494 | -€5,277 | -€6,462 | -€18,740 | -€1,890 | ▲ 89.9% |
| Operating profit (loss)9901 | -€3,863 | -€6,516 | -€6,486 | -€19,537 | -€2,290 | ▲ 88.3% |
| Financial income75/76B | €0 | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €17,126 | €17,487 | €15,225 | €8,311 | €4,403 | ▼ 47.0% |
| Recurring financial charges65 | €17,126 | €17,487 | €15,225 | €8,311 | €4,403 | ▼ 47.0% |
| Profit (loss) for the period before taxes9903 | -€20,988 | -€24,003 | -€21,711 | -€27,848 | -€6,693 | ▲ 76.0% |
| Profit (loss) for the period9904 | -€20,988 | -€24,003 | -€21,711 | -€27,848 | -€6,693 | ▲ 76.0% |
| Profit (loss) for the period to be appropriated9905 | -€20,988 | -€24,003 | -€21,711 | -€27,848 | -€6,693 | ▲ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,947 | €233,003 | €233,498 | €18,920 | €19,621 | ▲ 3.7% |
| Current assets29/58 | €183,947 | €233,003 | €233,498 | €18,920 | €19,621 | ▲ 3.7% |
| Stocks and contracts in progress3 | €174,474 | €231,359 | €231,359 | €0 | - | - |
| Stocks30/36 | €174,474 | €231,359 | €231,359 | €0 | - | - |
| Amounts receivable within one year40/41 | €9,422 | €1,323 | €473 | €15,027 | €15,128 | ▲ 0.7% |
| Trade receivables40 | €6,150 | - | - | - | - | - |
| Other amounts receivable41 | €3,272 | €1,323 | €473 | €15,027 | €15,128 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €51 | €321 | €1,665 | €3,893 | €4,493 | ▲ 15.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,947 | €233,003 | €233,498 | €18,920 | €19,621 | ▲ 3.7% |
| Equity10/15 | -€54,428 | -€78,431 | -€100,142 | -€127,990 | -€134,683 | ▼ 5.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | €18,592 | - | - | - | - |
| Other1109/19 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €20,451 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €20,451 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €20,451 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€74,880 | -€98,883 | -€120,593 | -€148,441 | -€155,135 | ▼ 4.5% |
| Amounts payable17/49 | €238,375 | €311,435 | €333,640 | €146,910 | €154,305 | ▲ 5.0% |
| Amounts payable after more than one year17 | €140,000 | €140,000 | - | - | - | - |
| Financial debts170/4 | €140,000 | €140,000 | - | - | - | - |
| Amounts payable within one year42/48 | €98,375 | €171,435 | €333,640 | €146,910 | €154,305 | ▲ 5.0% |
| Trade debts44 | €16,554 | €4,558 | €3,266 | €3,315 | €2,740 | ▼ 17.3% |
| Suppliers440/4 | €16,554 | €4,558 | €3,266 | €3,315 | €2,740 | ▼ 17.3% |
| Taxes, remuneration and social security45 | - | - | - | €52,309 | €50,940 | ▼ 2.6% |
| Taxes450/3 | - | - | - | €52,309 | €50,940 | ▼ 2.6% |
| Other amounts payable47/48 | €81,822 | €166,877 | €330,375 | €91,287 | €100,625 | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,988 | -€24,003 | -€21,711 | -€27,848 | -€6,693 | ▲ 76.0% |
| Operating cash flow (approximation) | -€20,988 | -€24,003 | -€21,711 | -€27,848 | -€6,693 | ▲ 76.0% |
| Change in cash | - | €270 | €1,344 | €2,227 | €600 | ▼ 73.0% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet -€27,848
Net result drops to -€27,848, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Liquidity times 628current ratio 20.48
Current ratio from 0.03 to 20.48; short-term debt falls from €25,984 to €5,358.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Walhain · 1 establishment unit since 2001
Ground area
5,544 m²
Parcel 25071D0389/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DPH MANAGEMENT
since 20012.045.226.489
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071D0389/00M000 | Wallonia | 5,544 m² | - | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,335 companies in sector 47251 we hold annual accounts for 422. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47251Retail sale of wines and spirits
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438536604
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.