ACTIVE

DBF - MANAGEMENT

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Financial year 2025 · closed on 30/06/2025

Net result

-27,7 k €

+82.2% YoY

Gross margin

-58,1 k €

-8.6% YoY

Equity

1,2 M €

-2.2% YoY

What does DBF - MANAGEMENT do?

DBF - MANAGEMENT is a Public limited company incorporated in 1992. Its main activity is: Market research and public opinion polling. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.089.529

Incorporation

03/04/1992

Legal form

Public limited company

Registered office

Hoogboomsteenweg 110
2950 Kapellen · FlandreSee on map

Contributed capital

65 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-58,1 k €	-8.6%	-53,4 k €	-81.5%	-29,4 k €	-524%	6,9 k €	-33.5%	10,4 k €	-68.5%	33,2 k €		–		–		–		–		–		–		110,5 k €	+0.5%	110 k €	+1.9%	107,9 k €	+0.3%	107,5 k €
EBITDA	-59,1 k €	-8.7%	-54,4 k €	-78.4%	-30,5 k €	-522%	-4,9 k €	-244%	-1,4 k €	-107%	20,5 k €	-98.6%	1,5 M €	+4305%	33,7 k €	+51.2%	22,3 k €	-68.6%	71,1 k €	-29.3%	100,6 k €	+1.0%	99,6 k €	+0.4%	99,2 k €	+0.3%	98,9 k €	+1.4%	97,5 k €	+0.2%	97,3 k €
Operating result	-60,4 k €	-8.5%	-55,7 k €	-75.3%	-31,8 k €	-548%	-4,9 k €	-244%	-1,4 k €	-108%	18,6 k €	-98.7%	1,5 M €	+16654%	8,7 k €	+423%	-2,7 k €	-106%	46,1 k €	-39.0%	75,6 k €	+1.4%	74,6 k €	+0.5%	74,2 k €	+0.5%	73,9 k €	+1.9%	72,5 k €	+0.5%	72,1 k €
Net result	-27,7 k €	+82.2%	-155,5 k €	-557%	-23,7 k €	-657%	4,3 k €	-62.2%	11,2 k €	-72.1%	40,3 k €	-97.5%	1,6 M €	+11328%	-14,2 k €	+18.1%	-17,4 k €	-189%	19,5 k €	-51.2%	40,1 k €	+3.0%	38,9 k €	+20.9%	32,2 k €	-2.2%	32,9 k €	+7.4%	30,6 k €	+21.2%	25,3 k €
Balance sheet
Equity	1,2 M €	-2.2%	1,3 M €	-13.9%	1,5 M €	-13.2%	1,7 M €	+0.3%	1,7 M €	-22.9%	2,2 M €	+1.9%	2,2 M €	+99.8%	1,1 M €	-26.5%	1,5 M €	-1.2%	1,5 M €	+1.3%	1,5 M €	+2.8%	1,4 M €	+2.8%	1,4 M €	+2.4%	1,4 M €	+2.5%	1,3 M €	+2.4%	1,3 M €
Total assets	1,2 M €	-6.5%	1,3 M €	-13.4%	1,5 M €	-11.7%	1,7 M €	+0.7%	1,7 M €	-22.5%	2,2 M €	-0.5%	2,2 M €	+10.5%	2 M €	+0.8%	2 M €	-15.0%	2,4 M €	-2.6%	2,4 M €	-4.9%	2,6 M €	+1.1%	2,5 M €	+2.8%	2,5 M €	+1.2%	2,4 M €	-1.0%	2,5 M €
Cash	36 k €	+87.4%	19,2 k €	-87.8%	157 k €	+1411%	10,4 k €	+0.2%	10,4 k €	-8.9%	11,4 k €	+8.1%	10,5 k €	+1.5%	10,4 k €	-2.2%	10,6 k €	-0.2%	10,6 k €	-0.7%	10,7 k €	-32.1%	15,7 k €	+45.0%	10,9 k €	+2.0%	10,6 k €	-1.4%	10,8 k €	-0.8%	10,9 k €
Debts	2,2 k €	-96.4%	61,3 k €	+0.4%	61 k €	+79.2%	34,1 k €	+31.7%	25,9 k €	+3.4%	25 k €	-67.4%	76,7 k €	-91.7%	925,7 k €	+83.8%	503,6 k €	-40.5%	847 k €	-7.8%	918,8 k €	-10.6%	1 M €	-6.1%	1,1 M €	+5.3%	1 M €	-2.3%	1,1 M €	-5.0%	1,1 M €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 14 ended

Active mandates

Christel Van Dyck

Director

Active

Kristiaan De Belder

Managing director

Active

MARC'S IMMO

Director · 0436.904.628

Represented by Marc Van Muylders

Active

Stefanie De Belder

Director

Active

Valerie De Belder

Director

Active

Ended mandates

Christel Van Dyck

Director · since 29 décembre 2023 · until 02 novembre 2029

Ended

Stefanie De Belder

Director · since 04 novembre 2019 · until 05 novembre 2021

Ended

Valerie De Belder

Director · since 04 novembre 2019 · until 05 novembre 2021

Ended

Van der Wal

Director · since 08 décembre 2017 · 0404.994.794

Represented by Kristiaan Paula Rijkert De Belder

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/12/2025	23/10/2024	04/01/2024	12/01/2023	28/01/2022	11/01/2021
General meeting	07/11/2025	15/10/2024	29/12/2023	30/12/2022	31/12/2021	28/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	07/11/2025	05/12/2025	Dutch	PDF
Micro model	30/06/2024	15/10/2024	23/10/2024	Dutch	PDF
Abridged model	30/06/2023	29/12/2023	04/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	12/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	28/12/2020	11/01/2021	Dutch	PDF
Abridged model	30/06/2019	04/11/2019	20/11/2019	Dutch	PDF
Abridged model	30/06/2018	02/11/2018	29/11/2018	Dutch	PDF
Abridged model	30/06/2017	03/11/2017	01/12/2017	Dutch	PDF
Full model	30/06/2016	15/12/2016	06/01/2017	Dutch	PDF
Full model	30/06/2015	30/11/2015	23/12/2015	Dutch	PDF
Full model	30/06/2014	07/11/2014	02/12/2014	Dutch	PDF
Full model	30/06/2013	04/11/2013	06/12/2013	Dutch	PDF
Full model	30/06/2012	07/12/2012	17/12/2012	Dutch	PDF
Full model	30/06/2011	04/11/2011	05/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/12/2010	09/02/2011	Dutch	PDF
Abridged model	30/06/2009	06/11/2009	16/12/2009	Dutch	PDF
Abridged model	30/06/2008	07/11/2008	09/01/2009	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	28/12/2007	Dutch	PDF
Abridged model	30/06/2006	19/12/2006	23/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 14 ended

Active mandates

Christel Van Dyck

Director

Active

Kristiaan De Belder

Managing director

Active

MARC'S IMMO

Director · 0436.904.628

Represented by Marc Van Muylders

Active

Stefanie De Belder

Director

Active

Valerie De Belder

Director

Active

Ended mandates

Christel Van Dyck

Director · since 29 décembre 2023 · until 02 novembre 2029

Ended

Stefanie De Belder

Director · since 04 novembre 2019 · until 05 novembre 2021

Ended

Valerie De Belder

Director · since 04 novembre 2019 · until 05 novembre 2021

Ended

Van der Wal

Director · since 08 décembre 2017 · 0404.994.794

Represented by Kristiaan Paula Rijkert De Belder

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-27,7 k €↑
2024
Annual accounts 2024-155,5 k €↓
2023
Annual accounts 2023-23,7 k €↓
2019
Annual accounts 20194,3 k €↓
2018
Annual accounts 201811,2 k €↓
2017
Annual accounts 201740,3 k €↓
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 2015-14,2 k €↑
2014
Annual accounts 2014-17,4 k €↓
2013
Annual accounts 201319,5 k €↓
2012
Annual accounts 201240,1 k €↑
2011
Annual accounts 201138,9 k €↑
2010
Annual accounts 201032,2 k €↓
2009
Annual accounts 200932,9 k €↑
2008
Annual accounts 200830,6 k €↑
2007
Annual accounts 200725,3 k €
03/04/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DBF - MANAGEMENT

Overview

What does DBF - MANAGEMENT do?

Trend over 16 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline