DSBM CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of DSBM CONCEPT is 3.1% (moderate). The 2025 annual accounts show negative equity (-€21,704) and a net result of -€1,534. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-77
Solvency0=
Growth76▼-9
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.0 in 2024; short-term debt: 180% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-80%
Return on assets
-5.7%
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 · 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 -€21,704
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
27 d early
2023
42 d early
2022
28 d early
2021
27 d early
2020
12 d late
2019
31 d late
← 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 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€105,339▼ 33.3%
2024 · €157,932
EBIT margin
1.1%▼ 11.6pp
2024 · 12.7%
Net result
-€1,534
2024 · €17,323
Working capital
-€48,472▼ 3.3%
2024 · -€46,938
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Turnover€75,848€51,291▼ 32.4%€157,932▲ 208%€105,339▼ 33.3%
Operating result€2,127▼ 91.4%€2,547▲ 19.7%€2,571▲ 1.0%€20,043▲ 679%€1,139▼ 94.3%
Net result€376below the sector's middle half▼ 98.3%€158below the sector's middle half▼ 57.9%-€1,551below the sector's middle half€17,323within the sector's middle half-€1,534below the sector's middle half
EBIT margin3.4%5.0%▲ 1.7pp12.7%▲ 7.7pp1.1%▼ 11.6pp
Equity-€36,100below the sector's middle half▲ 1.0%-€35,942below the sector's middle half▲ 0.4%-€37,493below the sector's middle half▼ 4.3%-€20,170below the sector's middle half▲ 46.2%-€21,704below the sector's middle half▼ 7.6%
Total assets€32,729below the sector's middle half▲ 422%€30,432below the sector's middle half▼ 7.0%€36,420below the sector's middle half▲ 19.7%€26,859below the sector's middle half▼ 26.3%€27,132below the sector's middle half▲ 1.0%
Debt€68,829▲ 61.0%€66,375▼ 3.6%€73,913▲ 11.4%€47,029▼ 36.4%€48,836▲ 3.8%
Working capital-€64,107below the sector's middle half▼ 64.4%-€62,709below the sector's middle half▲ 2.2%-€64,216below the sector's middle half▼ 2.4%-€46,938below the sector's middle half▲ 26.9%-€48,472below the sector's middle half▼ 3.3%
Solvency-110.3%below the sector's middle half▲ 470.9pp-118.1%below the sector's middle half▼ 7.8pp-102.9%below the sector's middle half▲ 15.2pp-75.1%below the sector's middle half▲ 27.9pp-80.0%below the sector's middle half▼ 4.9pp
Current ratio0.07below the sector's middle half▼ 0.020.06below the sector's middle half▼ 0.010.13below the sector's middle half▲ 0.080.00below the sector's middle half▼ 0.130.01below the sector's middle half▲ 0.01
Return on assets (ROA)1.1%within the sector's middle half▼ 361.3pp0.5%below the sector's middle half▼ 0.6pp-4.3%below the sector's middle half▼ 4.8pp64.5%above the sector's middle half▲ 68.8pp-5.7%below the sector's middle half▼ 70.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 falls in 2025; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,132
Fixed assets
€26,768 =
Current assets
€364 ▲ 298%
Key figures and ratios
Debt to equity
-2.25▲
2024 · -2.33
Debt ≤ 1 year
€48,836▲
2024 · €47,029
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €75,848 | €51,291 | €157,932 | €105,339 | ▼ 33.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €77,916 | €50,194 | €136,644 | €102,937 | ▼ 24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,239 | €1,239 | €44 | - | - | - |
| Other operating charges640/8 | €647 | €985 | €1,500 | €1,245 | €1,263 | ▲ 1.5% |
| Gross operating margin9900 | €4,014 | €4,771 | €4,116 | €21,288 | €2,402 | ▼ 88.7% |
| Operating profit (loss)9901 | €2,127 | €2,547 | €2,571 | €20,043 | €1,139 | ▼ 94.3% |
| Financial charges65/66B | €2,339 | €2,147 | €2,844 | €2,720 | €2,673 | ▼ 1.7% |
| Recurring financial charges65 | €2,339 | €2,147 | €2,844 | €2,720 | €2,673 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | -€211 | €400 | -€272 | €17,323 | -€1,534 | ▼ 109% |
| Income taxes67/77 | -€587 | €243 | €1,278 | - | - | - |
| Profit (loss) for the period9904 | €376 | €158 | -€1,551 | €17,323 | -€1,534 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €376 | €158 | -€1,551 | €17,323 | -€1,534 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,729 | €30,432 | €36,420 | €26,859 | €27,132 | ▲ 1.0% |
| Fixed assets21/28 | €28,006 | €26,767 | €26,723 | €26,768 | €26,768 | = |
| Tangible fixed assets22/27 | €1,284 | €44 | - | - | - | - |
| Furniture and vehicles24 | €1,284 | €44 | - | - | - | - |
| Financial fixed assets28 | €26,723 | €26,723 | €26,723 | €26,768 | €26,768 | = |
| Current assets29/58 | €4,722 | €3,665 | €9,697 | €92 | €364 | ▲ 298% |
| Amounts receivable within one year40/41 | €4,458 | €3,634 | €9,517 | - | €364 | - |
| Trade receivables40 | €4,458 | €3,460 | €9,126 | - | - | - |
| Other amounts receivable41 | - | €174 | €391 | - | €364 | - |
| Cash at bank and in hand54/58 | €148 | €31 | €180 | €92 | - | - |
| Deferred charges and accrued income490/1 | €116 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,729 | €30,432 | €36,420 | €26,859 | €27,132 | ▲ 1.0% |
| Equity10/15 | -€36,100 | -€35,942 | -€37,493 | -€20,170 | -€21,704 | ▼ 7.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€56,560 | -€56,402 | -€57,953 | -€40,630 | -€42,164 | ▼ 3.8% |
| Amounts payable17/49 | €68,829 | €66,375 | €73,913 | €47,029 | €48,836 | ▲ 3.8% |
| Amounts payable within one year42/48 | €68,829 | €66,375 | €73,913 | €47,029 | €48,836 | ▲ 3.8% |
| Financial debts43 | €22,183 | €27,451 | €28,822 | €22,616 | €21,032 | ▼ 7.0% |
| Credit institutions430/8 | €22,183 | €27,451 | €28,822 | €22,616 | €21,032 | ▼ 7.0% |
| Trade debts44 | €13,357 | €5,653 | €2,253 | €239 | €2,013 | ▲ 744% |
| Suppliers440/4 | €13,357 | €5,653 | €2,253 | €239 | €2,013 | ▲ 744% |
| Taxes, remuneration and social security45 | €265 | - | - | €303 | - | - |
| Taxes450/3 | €265 | - | - | €303 | - | - |
| Other amounts payable47/48 | €33,024 | €33,270 | €42,838 | €23,871 | €25,791 | ▲ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €376 | €158 | -€1,551 | €17,323 | -€1,534 | ▼ 109% |
| + Depreciation and write-downs630 | €1,239 | €1,239 | €44 | - | - | - |
| Operating cash flow (approximation) | €1,615 | €1,397 | -€1,506 | €17,323 | -€1,534 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€45 | €0 | ▲ 100% |
| Change in cash | - | -€117 | €149 | -€88 | - | - |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17,323
Net result €17,323 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €22,749
Net result €22,749 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€26,681
Net result drops to -€26,681, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 1 establishment unit since 2014
Ground area
6,476 m²
Building footprint
3,998 m²
Volume, LiDAR
87,331 m³
2 parcels, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
567
companies at this address
See who is registered here
1 establishment unit
DSBM CONCEPT
since 20142.240.148.682
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 21612D0111/00S002 | Brussels | 805 m² | 1 · 120 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 15,524 companies in sector 43990 we hold annual accounts for 7,427. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0557923214
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.