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DVG Development

Active
Private limited companyfounded 20206 yrs activePieter Brueghellaan 1, 9051 Gent, BelgiumKBO/BCE: BE 0754.837.469
Summary

DVG Development has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€721) and a net result of -€8,683. Equity is shrinking by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-100
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 2024
Age of the figures
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€721
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
14 d early
2023
28 d early
2022
19 d early
2021
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DVG Development was incorporated on 24 September 2020 as a Private limited company.1 Total assets fell from EUR 15,802 in 2021 to EUR 2,756 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Equity
-€721
2023 · €7,962
Total assets
€2,756▼ 69.9%
2023 · €9,169
Net result
-€8,683▼ 515%
2023 · -€1,413
Working capital
-€721
2023 · €7,962
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line2021202220232024
Operating result-€1,241--€4,176▼ 237%-€1,207▲ 71.1%-€8,589▼ 611%
Net result-€1,343below the sector's middle half--€4,282below the sector's middle half▼ 219%-€1,413within the sector's middle half▲ 67.0%-€8,683below the sector's middle half▼ 515%
Equity€13,657below the sector's middle half-€9,375below the sector's middle half▼ 31.4%€7,962below the sector's middle half▼ 15.1%-€721below the sector's middle half
Total assets€15,802below the sector's middle half-€12,453below the sector's middle half▼ 21.2%€9,169below the sector's middle half▼ 26.4%€2,756below the sector's middle half▼ 69.9%
Debt€2,146-€3,078▲ 43.5%€1,207▼ 60.8%€3,478▲ 188%
Working capital€13,657-€9,375▼ 31.4%€7,962▼ 15.1%-€721
Solvency86.4%above the sector's middle half-75.3%within the sector's middle half▼ 11.1pp86.8%above the sector's middle half▲ 11.6pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€1,241-€1,241Net result 2021: -€1,343-€1,343Operating result 2022: -€4,176-€4,176Net result 2022: -€4,282-€4,282Operating result 2023: -€1,207-€1,207Net result 2023: -€1,413-€1,413Operating result 2024: -€8,589-€8,589Net result 2024: -€8,683-€8,6832021202220232024-€10,000-€7,500-€5,000-€2,500€0Operating result 2022: -€4,176-€4,180Net result 2022: -€4,282-€4,280Operating result 2023: -€1,207-€1,210Net result 2023: -€1,413-€1,410Operating result 2024: -€8,589-€8,590Net result 2024: -€8,683-€8,680202220232024
The operating result stays negative: a loss of €8,589 in 2024 against €1,207 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
2024 value · change against 2023
Debt ≤ 1 year
€3,478▲
2023 · €1,207
Ratios withheld: a balance sheet total of €2,756 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.2% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 6,035 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 · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€9,169€2,756▼
Current assets29/58€9,169€2,756▼
Amounts receivable within one year40/41€7,511€44▼
Trade receivables40€1,901€44▼
Other amounts receivable41€5,609-
Cash at bank and in hand54/58€1,659€2,713▲
Equity and liabilities
Total equity and liabilities10/49€9,169€2,756▼
Equity10/15€7,962-€721▼
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€7,038-€15,721▼
Amounts payable17/49€1,207€3,478▲
Amounts payable within one year42/48€1,207€3,478▲
Trade debts44€366€426▲
Suppliers440/4€366€426▲
Other amounts payable47/48€841€3,051▲
Income statement Code20232024
Other operating charges640/8€1,004€528▼
Gross operating margin9900-€203-€8,061▼
Operating profit (loss)9901-€1,207-€8,589▼
Financial income75/76B€95€114▲
Recurring financial income75€95€114▲
Financial charges65/66B€301€208▼
Recurring financial charges65€301€208▼
Profit (loss) for the period before taxes9903-€1,413-€8,683▼
Profit (loss) for the period9904-€1,413-€8,683▼
Profit (loss) for the period to be appropriated9905-€1,413-€8,683▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7,038-€15,721▼
Profit (loss) brought forward from the previous period14P-€5,625-€7,038▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Other operating charges640/8€845-€1,004€528▼ 47.4%
Gross operating margin9900-€396-€4,176-€203-€8,061▼ 3,864%
Operating profit (loss)9901-€1,241-€4,176-€1,207-€8,589▼ 611%
Financial income75/76B€0-€95€114▲ 20.0%
Recurring financial income75€0-€95€114▲ 20.0%
Financial charges65/66B€103€106€301€208▼ 30.7%
Recurring financial charges65€103€106€301€208▼ 30.7%
Profit (loss) for the period before taxes9903-€1,343-€4,282-€1,413-€8,683▼ 515%
Profit (loss) for the period9904-€1,343-€4,282-€1,413-€8,683▼ 515%
Profit (loss) for the period to be appropriated9905-€1,343-€4,282-€1,413-€8,683▼ 515%
Line2021202220232024Change
Assets
Total assets20/58€15,802€12,453€9,169€2,756▼ 69.9%
Current assets29/58€15,802€12,453€9,169€2,756▼ 69.9%
Amounts receivable within one year40/41€6,539€1,822€7,511€44▼ 99.4%
Trade receivables40€6,539€1,535€1,901€44▼ 97.7%
Other amounts receivable41-€287€5,609--
Cash at bank and in hand54/58€9,264€10,631€1,659€2,713▲ 63.6%
Equity and liabilities
Total equity and liabilities10/49€15,802€12,453€9,169€2,756▼ 69.9%
Equity10/15€13,657€9,375€7,962-€721▼ 109%
Contributions10/11€15,000€15,000€15,000€15,000=
Profit (loss) carried forward14-€1,343-€5,625-€7,038-€15,721▼ 123%
Amounts payable17/49€2,146€3,078€1,207€3,478▲ 188%
Amounts payable within one year42/48€2,146€3,078€1,207€3,478▲ 188%
Trade debts44€1,040€1,365€366€426▲ 16.5%
Suppliers440/4€1,040€1,365€366€426▲ 16.5%
Taxes, remuneration and social security45€1,106----
Taxes450/3€1,106----
Other amounts payable47/48-€1,713€841€3,051▲ 263%
Line2021202220232024Change
Profit (loss) for the period9904-€1,343-€4,282-€1,413-€8,683▼ 515%
Operating cash flow (approximation)-€1,343-€4,282-€1,413-€8,683▼ 515%
Change in cash-€1,367-€8,972€1,054▲ 112%

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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Timeline · acts, filings and financial milestones

2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€8,683
Net result drops to -€8,683, the lowest in the series.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Gent · 1 establishment unit since 2020
seat establishment approximate The establishment unit on the map
Ground area
1,270 m²
Building footprint
288 m²
Volume, LiDAR
1,982 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
16 companies at this address See who is registered here
1 establishment unit
Bombay Studio
Provenierstersstraat 15, 9000 GentAgents in non-specialised wholesale trade
since 20202.309.056.591
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062B0304/00G003 Flanders 1,088 m² 1 · 171 m² 10.5 m · 2 fl.
44815F2770/00_000indicative
ProtectedCultural-historical landscape · Townscape or village viewBegijnhof Sint-ElisabethSource ↗
Flanders 181 m² 1 · 117 m² 12.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Part of the group UNIBRICKS 16 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. UNIBRICKS 100%
  2. DVG Development

Highest known parent: UNIBRICKS. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 3,913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID 0208:0754837469
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.