DPV GROUP
DPV GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-83k) and a net result of €19k. Equity is shrinking by ~77.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 514 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-83k |
| Net result | €19k |
| Better than sector | 5% |
| Active | 18 yrs |
Fragile profile, watch profitability in particular.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -8.5% | 43.7% | |
| Net result | €19k | €67k | |
| Equity | €-83k | €506k | |
| Gross operating margin | €46k | €81k | |
| Total assets | €977k | €1.61M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a |
| Net profit | €19k | €-148k | €32k |
| Cash flow | n/a | n/a | n/a |
| Staff costs | - | - | - |
| Income taxes | - | - | - |
| Dividends | - | - | - |
| Total assets | €977k | €938k | €1.07M |
| Equity | €-83k | €-102k | €46k |
| Debt | €1.06M | €1.04M | €1.02M |
| of which ≤ 1y | €342k | €338k | €334k |
| of which > 1y | €718k | €701k | €684k |
| Working capital | n/a | n/a | n/a |
| Employees (FTE) | - | - | 0.0 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a |
| Solvency | -8.5% | -10.9% | 4.3% |
| Debt / equity | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a |
| ROA | 2.0% | -15.8% | 3.0% |
| ROE | -23.0% | 144.8% | 70.1% |
| EBITDA margin | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €977k | €938k | €1.07M |
| Fixed assets | 21/28 | €925k | €925k | €925k |
| Tangible fixed assets | 22/27 | - | - | €0 |
| Financial fixed assets | 28 | €925k | €925k | €925k |
| Current assets | 29/58 | €52k | €13k | €140k |
| Amounts receivable within one year | 40/41 | €52k | €13k | €132k |
| Cash & bank | 54/58 | €311 | €4 | €8k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €977k | €938k | €1.07M |
| Equity | 10/15 | €-83k | €-102k | €46k |
| Contributions / capital | 10/11 | €150k | €150k | €150k |
| Reserves | 13 | €5k | €5k | €5k |
| Accumulated profits (losses) | 14 | €-238k | €-257k | €-109k |
| Amounts payable | 17/49 | €1.06M | €1.04M | €1.02M |
| Amounts payable after one year | 17 | €718k | €701k | €684k |
| Amounts payable within one year | 42/48 | €342k | €338k | €334k |
| Trade debts payable within one year | 44 | €702 | €10k | €13k |
| Income statement | ||||
| Gross operating margin | 9900 | €46k | €-122k | €58k |
| Operating result | 9901 | €45k | €-123k | €49k |
| Financial income | 75 | €89 | €20 | €24 |
| Financial charges | 65 | €26k | €26k | €17k |
| Result before taxes | 9903 | €19k | €-148k | €32k |
| Net result for the period | 9904 | €19k | €-148k | €32k |
| Result to be appropriated | 9905 | €19k | €-148k | €32k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Public limited company(014) |
| Incorporation | 10-07-2008 |
| Status | Active |
| Postal code | 9820 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44058B0521/53A000 | Flanders | 6,305 m² | 1 · 508 m² | 20.4 m · 1 fl. |
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-11-2022 Registered office moved from Gent to Merelbeke
- Hubert Frère Orbanlaan 32, 9000 Gent, België → Makkegemstraat 9, 9820 Merelbeke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Makkegemstraat 9, 9820 Merelbeke",
"city": "Merelbeke",
"region": "vlaams_gewest",
"street": "Makkegemstraat",
"country": "BE",
"postcode": "9820",
"box_number": null,
"street_number": "9",
"locality_suffix": null
},
"old_address": {
"raw": "Hubert Fr\u00E8re Orbanlaan 32, 9000 Gent, Belgi\u00EB",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Hubert Fr\u00E8re Orbanlaan",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "32",
"locality_suffix": null
},
"effective_date": "2022-04-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-11-25",
"filing_date": "2022-11-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2022-04-01",
"unanimous": null
},
"subject_company": {
"kbo": "0899.192.968",
"name_full": "DPV GROUP",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Evelyn Moreels",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 25/11/2022 - Annexes du Moniteur belge"
]
}| Legal nameNL | DPV GROUP |