Group DB
ActiveSummary
Group DB has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €28k. Equity is growing by ~173% per year across the filed fiscal years. Its solvency ranks better than 34% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+18
Solvency37▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.38 in 2024; short-term debt: 5.8% and cash: 2.2% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
8.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
5 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 266%
2024 · €11k
2023: €2klowest in 3 years
2024: €11k▲ +387% vs 2023
2025: €39k▲ +266% vs 2024highest in 3 years
2023 → 2025
Total assets
€328k▼ 3.4%
2024 · €340k
2023: €343khighest in 3 years
2024: €340k▼ -0.8% vs 2023
2025: €328k▼ -3.4% vs 2024lowest in 3 years
2023 → 2025
Net result
€28k▲ 235%
2024 · €8k
2023: €661lowest in 3 years
2024: €8k▲ +1164% vs 2023
2025: €28k▲ +235% vs 2024highest in 3 years
2023 → 2025
Working capital
€-11k▲ 18.7%
2024 · €-14k
2023: €-15klowest in 3 years
2024: €-14k▲ +4.6% vs 2023
2025: €-11k▲ +18.7% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2k-€11k▲ 387%€39k▲ 266%
2023: €2klowest in 3 years
2024: €11k▲ +387% vs 2023
2025: €39k▲ +266% vs 2024highest in 3 years
Operating result€10k-€13k▲ 36.8%€34k▲ 150%
2023: €10klowest in 3 years
2024: €13k▲ +36.8% vs 2023
2025: €34k▲ +150% vs 2024highest in 3 years
Net result€661-€8k▲ 1,164%€28k▲ 235%
2023: €661lowest in 3 years
2024: €8k▲ +1164% vs 2023
2025: €28k▲ +235% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 150% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328k
Fixed assets
€321k ▼ 3.2%
Current assets
€7k ▼ 11.2%
Equity and liabilities €328k
Equity
€39k ▲ 266%
Debt
€290k ▼ 12.1%
Debt's share of the balance-sheet total falls from 96.9% to 88.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €24k
Cash flow
€39k▲
2024 · €19k
Current ratio
0.40▲
2024 · 0.38
Debt to equity
7.51▼
2024 · 31.31
ROE
72.7%▼
2024 · 79.5%
ROA
8.5%▲
2024 · 2.5%
Interest coverage
7.89▲
2024 · 4.74
Debt ≤ 1 year
€19k▼
2024 · €23k
Debt > 1 year
€269k▼
2024 · €307k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€340k€328k▼
Fixed assets21/28€332k€321k▼
Tangible fixed assets22/27€332k€321k▼
Land and buildings22€328k€318k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€8k€7k▼
Amounts receivable within one year40/41-€300
Trade receivables40-€272
Other amounts receivable41-€28
Cash at bank and in hand54/58€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€340k€328k▼
Equity10/15€11k€39k▲
Contributions10/11€2k€2k=
Reserves13€9k€37k▲
Distributable reserves133€9k€37k▲
Amounts payable17/49€330k€290k▼
Amounts payable after more than one year17€307k€269k▼
Financial debts170/4€307k€269k▼
Amounts payable within one year42/48€23k€19k▼
Current portion of amounts payable after more than one year42€14k€13k▼
Trade debts44€2k€952▼
Suppliers440/4€2k€952▼
Advances received on contracts in progress46€3k€100▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€4k€4k=
Accrued charges and deferred income492/3€0€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€27k€47k▲
Operating profit (loss)9901€13k€34k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€8k€28k▲
Profit (loss) for the period9904€8k€28k▲
Profit (loss) for the period to be appropriated9905€8k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€28k▲
Transfer to equity691/2€8k€28k▲
To other reserves6921€8k€28k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €11k | €11k | ▲ 0.7% |
| Other operating charges640/8 | €2k | €3k | €2k | ▼ 23.1% |
| Gross operating margin9900 | €24k | €27k | €47k | ▲ 71.9% |
| Operating profit (loss)9901 | €10k | €13k | €34k | ▲ 150% |
| Financial charges65/66B | €9k | €5k | €6k | ▲ 10.8% |
| Recurring financial charges65 | €9k | €5k | €6k | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | €661 | €8k | €28k | ▲ 235% |
| Profit (loss) for the period9904 | €661 | €8k | €28k | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €661 | €8k | €28k | ▲ 235% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €343k | €340k | €328k | ▼ 3.4% |
| Fixed assets21/28 | €339k | €332k | €321k | ▼ 3.2% |
| Tangible fixed assets22/27 | €339k | €332k | €321k | ▼ 3.2% |
| Land and buildings22 | €334k | €328k | €318k | ▼ 2.9% |
| Plant, machinery and equipment23 | €5k | €4k | €3k | ▼ 28.5% |
| Current assets29/58 | €4k | €8k | €7k | ▼ 11.2% |
| Amounts receivable within one year40/41 | - | - | €300 | - |
| Trade receivables40 | - | - | €272 | - |
| Other amounts receivable41 | - | - | €28 | - |
| Cash at bank and in hand54/58 | €4k | €8k | €7k | ▼ 14.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €343k | €340k | €328k | ▼ 3.4% |
| Equity10/15 | €2k | €11k | €39k | ▲ 266% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €661 | €9k | €37k | ▲ 311% |
| Distributable reserves133 | €661 | €9k | €37k | ▲ 311% |
| Amounts payable17/49 | €341k | €330k | €290k | ▼ 12.1% |
| Amounts payable after more than one year17 | €320k | €307k | €269k | ▼ 12.3% |
| Financial debts170/4 | €320k | €307k | €269k | ▼ 12.3% |
| Amounts payable within one year42/48 | €18k | €23k | €19k | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | €12k | €14k | €13k | ▼ 5.7% |
| Trade debts44 | €2k | €2k | €952 | ▼ 60.4% |
| Suppliers440/4 | €2k | €2k | €952 | ▼ 60.4% |
| Advances received on contracts in progress46 | - | €3k | €100 | ▼ 96.0% |
| Taxes, remuneration and social security45 | - | - | €1k | - |
| Taxes450/3 | - | - | €1k | - |
| Other amounts payable47/48 | €4k | €4k | €4k | = |
| Accrued charges and deferred income492/3 | €3k | €0 | €1k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €661 | €8k | €28k | ▲ 235% |
| + Depreciation and write-downs630 | €12k | €11k | €11k | ▲ 0.7% |
| Operating cash flow (approximation) | €13k | €19k | €39k | ▲ 104% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | ▲ 100% |
| Change in cash | - | €5k | €-1k | ▼ 126% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2023net €28k ▲235%
Operating result €34k, net result €28k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Willebroek · 1 establishment unit since 2022
Ground area
219 m²
Building footprint
90 m²
Volume, LiDAR
738 m³
Parcel 12342C0252/00D009, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Group DB
since 20222.331.575.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0252/00D009 | Flanders | 219 m² | 1 · 90 m² | 9.8 m · 3 fl. |
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.
Similar companies · same sector, comparable size
MABI
BE 0427.920.547
Aubel · Eq €38,585
VERALMO
BE 0880.426.240
Antwerpen · Eq €38,528
REAL INVEST PROJECT
BE 0653.883.730
Charleroi · Eq €38,643
GROEN EN MILIEUVRIENDELIJK WONEN
BE 0762.843.830
Oudenaarde · Eq €38,485
JAN VAN VLIET TRUCKS BELGIE
BE 0438.443.661
Hoogstraten · Eq €38,664
Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,062 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
Founded04-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.