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DVDB-electronics

Active
Private limited companyfounded 2007active for 19 yearsLiersesteenweg 304, 3130 Begijnendijk, BelgiumKBO/BCE: BE 0889.044.095
Summary

DVDB-electronics has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491,885 and a net result of €56,110. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 95% of 11,632 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€491,885▲ 12.9%
2024 · €435,775
Total assets
€522,115▲ 14.0%
2024 · €458,130
Net result
€56,110▲ 37.4%
2024 · €40,835
Working capital
€434,236▲ 16.7%
2024 · €372,090
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€74,920 2025 Net result€56,110 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€42,194-€42,244▲ 0.1%€57,190▲ 35.4%€68,168▲ 19.2%€51,937▼ 23.8%€37,276▼ 28.2%€57,371▲ 53.9%€74,920▲ 30.6%
Net result€27,856-€26,462▼ 5.0%€38,612above the sector's middle half▲ 45.9%€46,703above the sector's middle half▲ 21.0%€37,454within the sector's middle half▼ 19.8%€25,602within the sector's middle half▼ 31.6%€40,835within the sector's middle half▲ 59.5%€56,110above the sector's middle half▲ 37.4%
Equity€220,107-€246,569▲ 12.0%€285,181above the sector's middle half▲ 15.7%€331,884above the sector's middle half▲ 16.4%€369,339above the sector's middle half▲ 11.3%€394,940above the sector's middle half▲ 6.9%€435,775above the sector's middle half▲ 10.3%€491,885above the sector's middle half▲ 12.9%
Total assets€245,790-€268,738▲ 9.3%€308,077within the sector's middle half▲ 14.6%€358,331above the sector's middle half▲ 16.3%€398,126above the sector's middle half▲ 11.1%€414,005above the sector's middle half▲ 4.0%€458,130above the sector's middle half▲ 10.7%€522,115above the sector's middle half▲ 14.0%
Debt€25,683-€22,169▼ 13.7%€22,896▲ 3.3%€26,446▲ 15.5%€28,787▲ 8.9%€19,065▼ 33.8%€22,355▲ 17.3%€30,231▲ 35.2%
Working capital€129,247-€167,499▲ 29.6%€202,073above the sector's middle half▲ 20.6%€253,924above the sector's middle half▲ 25.7%€297,481above the sector's middle half▲ 17.2%€325,356above the sector's middle half▲ 9.4%€372,090above the sector's middle half▲ 14.4%€434,236above the sector's middle half▲ 16.7%
Solvency89.6%-91.8%▲ 2.2pp92.6%above the sector's middle half▲ 0.8pp92.6%above the sector's middle half▲ 0.1pp92.8%above the sector's middle half▲ 0.1pp95.4%above the sector's middle half▲ 2.6pp95.1%above the sector's middle half▼ 0.3pp94.2%above the sector's middle half▼ 0.9pp
Current ratio6.03-8.56▲ 2.529.83above the sector's middle half▲ 1.2710.60above the sector's middle half▲ 0.7811.33above the sector's middle half▲ 0.7318.09above the sector's middle half▲ 6.7517.66above the sector's middle half▼ 0.4215.43above the sector's middle half▼ 2.24
Return on assets (ROA)11.3%-9.8%▼ 1.5pp12.5%within the sector's middle half▲ 2.7pp13.0%within the sector's middle half▲ 0.5pp9.4%within the sector's middle half▼ 3.6pp6.2%within the sector's middle half▼ 3.2pp8.9%within the sector's middle half▲ 2.7pp10.7%within the sector's middle half▲ 1.8pp
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €522,115
Fixed assets €57,782 ▼ 9.3%
Current assets €464,333 ▲ 17.7%
Equity and liabilities €522,115
Equity €491,885 ▲ 12.9%
Debt €30,231 ▲ 35.2%
Debt's share of the balance-sheet total rises from 4.9% to 5.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€82,506▲
2024 · €64,799
Cash flow
€63,696▲
2024 · €48,263
Debt to equity
0.06▲
2024 · 0.05
ROE
11.4%▲
2024 · 9.4%
Interest coverage
34.72▲
2024 · 22.11
Debt ≤ 1 year
€30,098▲
2024 · €22,329
Income taxes
€21,213▲
2024 · €15,619
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
3.2% stopped otherwise
96.5% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€458,130€522,115▲
Fixed assets21/28€63,711€57,782▼
Tangible fixed assets22/27€63,711€57,782▼
Land and buildings22€55,144€50,902▼
Plant, machinery and equipment23€8,567€6,880▼
Current assets29/58€394,419€464,333▲
Amounts receivable within one year40/41€13,864€20,991▲
Trade receivables40€13,770€20,925▲
Other amounts receivable41€95€65▼
Current investments50/53€223,265€264,238▲
Cash at bank and in hand54/58€155,409€177,831▲
Deferred charges and accrued income490/1€1,880€1,273▼
Equity and liabilities
Total equity and liabilities10/49€458,130€522,115▲
Equity10/15€435,775€491,885▲
Contributions10/11€60,200€60,200=
Reserves13€375,575€431,685▲
Distributable reserves133€375,575€431,685▲
Amounts payable17/49€22,355€30,231▲
Amounts payable within one year42/48€22,329€30,098▲
Trade debts44€3,330€6,631▲
Suppliers440/4€3,330€6,631▲
Taxes, remuneration and social security45€7,553€12,739▲
Taxes450/3€5,244€10,407▲
Remuneration and social security454/9€2,309€2,332▲
Other amounts payable47/48€11,446€10,727▼
Accrued charges and deferred income492/3€26€133▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,428€7,586▲
Other operating charges640/8€643€1,014▲
Gross operating margin9900€65,442€83,520▲
Operating profit (loss)9901€57,371€74,920▲
Financial income75/76B€2,013€4,779▲
Recurring financial income75€2,013€4,779▲
Financial charges65/66B€2,930€2,376▼
Recurring financial charges65€2,930€2,376▼
Profit (loss) for the period before taxes9903€56,454€77,323▲
Income taxes67/77€15,619€21,213▲
Profit (loss) for the period9904€40,835€56,110▲
Profit (loss) for the period to be appropriated9905€40,835€56,110▲
Appropriation of the result
Profit (loss) to be appropriated9906€40,835€56,110▲
Transfer to equity691/2€40,835€56,110▲
To other reserves6921€40,835€56,110▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€5,430-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,426€11,790€6,674€6,669€6,102€6,252€7,428€7,586▲ 2.1%
Other operating charges640/8---€348€348€802€643€1,014▲ 57.7%
Gross operating margin9900€61,070€54,847€64,917€75,185€58,387€44,330€65,442€83,520▲ 27.6%
Operating profit (loss)9901€42,194€42,244€57,190€68,168€51,937€37,276€57,371€74,920▲ 30.6%
Financial income75/76B---€543€3,375€1,213€2,013€4,779▲ 137%
Recurring financial income75€242€319€451€543€3,375€1,213€2,013€4,779▲ 137%
Financial charges65/66B---€821€994€3,025€2,930€2,376▼ 18.9%
Recurring financial charges65€765€675€1,261€821€994€3,025€2,930€2,376▼ 18.9%
Profit (loss) for the period before taxes9903€41,671€41,888€56,381€67,891€54,318€35,464€56,454€77,323▲ 37.0%
Income taxes67/77€13,815€15,426€17,769€21,187€16,864€9,862€15,619€21,213▲ 35.8%
Profit (loss) for the period9904€27,856€26,462€38,612€46,703€37,454€25,602€40,835€56,110▲ 37.4%
Profit (loss) for the period to be appropriated9905€27,856€26,462€38,612€46,703€37,454€25,602€40,835€56,110▲ 37.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€245,790€268,738€308,077€358,331€398,126€414,005€458,130€522,115▲ 14.0%
Fixed assets21/28€90,860€79,070€83,108€77,960€71,858€69,606€63,711€57,782▼ 9.3%
Tangible fixed assets22/27€90,860€79,070€83,108€77,960€71,858€69,606€63,711€57,782▼ 9.3%
Land and buildings22---€67,870€63,628€59,386€55,144€50,902▼ 7.7%
Plant, machinery and equipment23---€10,090€8,230€10,220€8,567€6,880▼ 19.7%
Current assets29/58€154,930€189,668€224,969€280,371€326,268€344,399€394,419€464,333▲ 17.7%
Amounts receivable within one year40/41€11,794€10,687€8,682€5,731€1,668€7,753€13,864€20,991▲ 51.4%
Trade receivables40---€5,711€1,648€7,682€13,770€20,925▲ 52.0%
Other amounts receivable41---€20€20€72€95€65▼ 31.0%
Current investments50/53--€49,375€159,713€162,005€162,744€223,265€264,238▲ 18.4%
Cash at bank and in hand54/58€142,018€177,601€165,443€113,779€160,953€172,213€155,409€177,831▲ 14.4%
Deferred charges and accrued income490/1---€1,148€1,643€1,688€1,880€1,273▼ 32.3%
Equity and liabilities
Total equity and liabilities10/49€245,790€268,738€308,077€358,331€398,126€414,005€458,130€522,115▲ 14.0%
Equity10/15€220,107€246,569€285,181€331,884€369,339€394,940€435,775€491,885▲ 12.9%
Contributions10/11€60,200€60,200-€60,200€60,200€60,200€60,200€60,200=
Reserves13€159,907€186,369€224,981€271,684€309,139€334,740€375,575€431,685▲ 14.9%
Non-distributable reserves130/1---€7,260€7,260----
Reserves not available under the articles1311---€7,260€7,260----
Distributable reserves133---€264,424€301,879€334,740€375,575€431,685▲ 14.9%
Amounts payable17/49€25,683€22,169€22,896€26,446€28,787€19,065€22,355€30,231▲ 35.2%
Amounts payable within one year42/48€25,683€22,169€22,896€26,446€28,787€19,043€22,329€30,098▲ 34.8%
Trade debts44€352€1,664€5,647€1,638€1,582€683€3,330€6,631▲ 99.2%
Suppliers440/4---€1,638€1,582€683€3,330€6,631▲ 99.2%
Advances received on contracts in progress46----€2,082€3,600---
Taxes, remuneration and social security45---€10,287€12,372€3,661€7,553€12,739▲ 68.7%
Taxes450/3---€10,287€12,372€3,661€5,244€10,407▲ 98.4%
Remuneration and social security454/9------€2,309€2,332▲ 1.0%
Other amounts payable47/48---€14,521€12,751€11,099€11,446€10,727▼ 6.3%
Accrued charges and deferred income492/3-----€22€26€133▲ 411%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€27,856€26,462€38,612€46,703€37,454€25,602€40,835€56,110▲ 37.4%
+ Depreciation and write-downs630€17,426€11,790€6,674€6,669€6,102€6,252€7,428€7,586▲ 2.1%
Operating cash flow (approximation)€45,282€38,252€45,285€53,372€43,557€31,854€48,263€63,696▲ 32.0%
Investment in fixed assets (approximation)-€0-€10,712-€1,521€0-€4,000-€1,534-€1,657▼ 8.1%
Change in cash-€35,583-€12,158-€51,665€47,174€11,260-€16,804€22,422-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 26-07-2026 2026-00332185
31-12-2024 micro format 28-07-2025 2025-00316892
31-12-2023 micro format 28-07-2024 2024-00293363
31-12-2022 micro format 25-07-2023 2023-00266535
31-12-2021 micro format 17-07-2022 2022-20193175
31-12-2020 micro format 26-07-2021 2021-41000399
31-12-2019 micro format 28-07-2020 2020-34500414
31-12-2018 micro format 28-07-2019 2019-40900479
31-12-2017 micro format 30-07-2018 2018-39100156
31-12-2016 micro format 25-07-2017 2017-36300505

Show all 18 filings

Similar companies · same sector, comparable size

Of the 11,512 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,708. 4,500 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 · 1 entry · €89 awarded · €89 paid
Schemes
1 entry · €89 · €89 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.