ACTIVE

DAZIBAO

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Financial year 2025 · closed on 31/12/2025

Net result

54,8 k €

+424.4% YoY

Gross margin

61,6 k €

+251.7% YoY

Equity

-321,9 k €

+14.6% YoY

What does DAZIBAO do?

DAZIBAO is a Private company with limited liability incorporated in 1997. Its main activity is: Development of building projects. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.410.597

Incorporation

11/04/1997

Legal form

Private company with limited liability

Registered office

Rue Charlemagne 154
4020 Liège · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Signals

ProfitablePositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	61,6 k €	+252%	17,5 k €	-40.5%	29,4 k €	-0.5%	29,6 k €	+48.4%	19,9 k €	+24.0%	16,1 k €	-76.4%	68 k €	+117%	-407,7 k €	-949%	-38,9 k €	-984%	4,4 k €	+107%	-60,7 k €	-132%	189,1 k €	+449%	34,5 k €	+190%	-38,4 k €	+5.7%	-40,7 k €	-372%	15 k €	-16.2%	17,9 k €	-31.2%	26 k €	-2.0%	26,5 k €	+815%	2,9 k €
EBITDA	58,4 k €	+256%	16,4 k €	-41.7%	28,2 k €	+0.5%	28 k €	+51.4%	18,5 k €	+26.2%	14,7 k €	-77.8%	65,9 k €	+116%	-414,5 k €	-917%	-40,8 k €	-1769%	2,4 k €	+104%	-62,6 k €	-140%	155,7 k €	+695%	19,6 k €	+149%	-40 k €	+9.0%	-43,9 k €	-413%	14 k €	-16.9%	16,9 k €	-33.6%	25,4 k €	-2.1%	25,9 k €	+1011%	2,3 k €
Operating result	56,4 k €	+275%	15 k €	-46.0%	27,9 k €	-0.5%	28 k €	+51.3%	18,5 k €	+26.2%	14,7 k €	-77.8%	65,9 k €	+116%	-414,5 k €	-917%	-40,8 k €	-1769%	2,4 k €	+104%	-65 k €	-142%	153,4 k €	+999%	14 k €	+131%	-45 k €	+2.0%	-45,9 k €	-1512%	3,3 k €	-58.5%	7,8 k €	-51.7%	16,2 k €	-6.7%	17,4 k €	+1065%	1,5 k €
Net result	54,8 k €	+424%	10,5 k €	-54.9%	23,2 k €	-14.6%	27,1 k €	+55.7%	17,4 k €	+30.6%	13,3 k €	-79.4%	64,7 k €	+115%	-421,1 k €	-727%	-50,9 k €	-2089%	-2,3 k €	+97.7%	-99,5 k €	-186%	115,4 k €	+2155%	-5,6 k €	+88.1%	-47,2 k €	-43.5%	-32,9 k €	-228%	-10 k €	-215%	-3,2 k €	-138%	8,3 k €	-28.4%	11,6 k €	+978%	-1,3 k €
Balance sheet
Equity	-321,9 k €	+14.6%	-376,7 k €	+2.7%	-387,2 k €	+5.6%	-410,3 k €	+6.2%	-437,5 k €	+3.8%	-454,9 k €	+2.8%	-468,2 k €	+12.1%	-532,9 k €	-423%	165 k €	-23.6%	216 k €	-1.1%	218,3 k €	-17.3%	263,8 k €	+77.7%	148,5 k €	-3.6%	154,1 k €	+34.2%	114,8 k €	-22.3%	147,7 k €	-6.4%	157,8 k €	+543%	24,5 k €	+51.0%	16,3 k €	+247%	4,7 k €
Total assets	128,7 k €	+3.5%	124,3 k €	-22.2%	159,7 k €	+56.5%	102,1 k €	-16.7%	122,5 k €	-35.0%	188,5 k €	+62.8%	115,7 k €	+410%	22,7 k €	-98.7%	1,8 M €	+35.7%	1,3 M €	-2.7%	1,4 M €	-13.2%	1,6 M €	-16.2%	1,9 M €	+34.8%	1,4 M €	+205%	457,6 k €	+29.1%	354,4 k €	-2.1%	361,9 k €	+474%	63,1 k €	+1.0%	62,4 k €	+288%	16,1 k €
Cash	3,1 k €	-16.8%	3,7 k €	+153%	1,5 k €	-36.1%	2,3 k €	-43.7%	4,1 k €	+24.9%	3,3 k €	+115%	1,5 k €	-55.8%	3,5 k €	+421%	665,4 €	-25.1%	888,2 €	+50.4%	590,4 €	-99.9%	526,2 k €	+125989%	417,3 €	-68.5%	1,3 k €	-13.2%	1,5 k €	-3.4%	1,6 k €	-81.2%	8,4 k €	-7.7%	9,1 k €	+47.4%	6,2 k €	+3327%	179,7 €
Debts	383,9 k €	-11.9%	435,6 k €	-10.2%	485 k €	+6.3%	456,5 k €	-9.9%	506,4 k €	-13.9%	588,5 k €	+10.8%	531,3 k €	+5.4%	504,3 k €	-69.3%	1,6 M €	+47.2%	1,1 M €	-3.0%	1,2 M €	-12.0%	1,3 M €	-24.3%	1,7 M €	+39.1%	1,2 M €	+279%	327,9 k €	+67.9%	195,3 k €	-4.3%	204,1 k €	+430%	38,5 k €	-15.3%	45,5 k €	+298%	11,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

MICHEL ERNOTTE

Manager · since 18 mars 1991

Active

Ended mandates

Michel ERNOTTE

Manager · since 11 avril 1997

Ended

MICHEL ERNOTTE

Director · since 18 mars 1991

Ended

REFIT CONSTRUCT

Associate · 0840.794.812

Represented by MICHEL ERNOTTE

Ended

At this address

Other companies at this address

Company	CBE no.
EURO GROUP CONSTRUCT● Active	0863.970.090
REFIT CONSTRUCT● Active	0840.794.812
United Construction● Active	0841.634.653

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	28/08/2025	27/06/2024	13/06/2023	11/08/2022	28/07/2021
General meeting	10/06/2026	30/07/2025	12/06/2024	07/06/2023	08/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	10/06/2026	24/06/2026	French	PDF
Micro model	31/12/2024	30/07/2025	28/08/2025	French	PDF
Micro model	31/12/2023	12/06/2024	27/06/2024	French	PDF
Micro model	31/12/2022	07/06/2023	13/06/2023	French	PDF
Micro model	31/12/2021	08/06/2022	11/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	28/07/2021	French	PDF
Micro model	31/12/2019	05/08/2020	28/09/2020	French	PDF
Micro modelCorrection	31/12/2018	20/06/2019	18/07/2019	French	PDF
Micro model	31/12/2018	20/06/2019	16/07/2019	French	PDF
Micro model	31/12/2017	13/06/2018	06/08/2018	French	PDF
Abridged model	31/12/2016	14/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	08/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	10/06/2015	22/07/2015	French	PDF
Abridged model	31/12/2013	11/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	12/06/2013	02/08/2013	French	PDF
Abridged model	31/12/2011	13/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	08/06/2011	19/08/2011	French	PDF
Abridged model	31/12/2009	09/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	10/06/2009	15/06/2009	French	PDF
Abridged model	31/12/2007	11/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	13/06/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 3 ended

Active mandates

MICHEL ERNOTTE

Manager · since 18 mars 1991

Active

Ended mandates

Michel ERNOTTE

Manager · since 11 avril 1997

Ended

MICHEL ERNOTTE

Director · since 18 mars 1991

Ended

REFIT CONSTRUCT

Associate · 0840.794.812

Represented by MICHEL ERNOTTE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares03/08/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares11/02/2016
CAPITAL, ACTIONS
PDF
Capital / shares24/08/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other23/11/2011
OBJET
PDF
Capital / shares05/01/2010
CAPITAL, ACTIONS
PDF
Capital / shares23/11/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202554,8 k €↑
2024
Annual accounts 202410,5 k €↓
2023
Annual accounts 202323,2 k €↓
2022
Annual accounts 202227,1 k €↑
2021
Annual accounts 202117,4 k €↑
2020
Annual accounts 202013,3 k €↓
2019
Annual accounts 201964,7 k €↑
2018
Annual accounts 2018-421,1 k €↓
2017
Annual accounts 2017-50,9 k €↓
2016
Annual accounts 2016-2,3 k €↑
2015
Annual accounts 2015-99,5 k €↓
2014
Annual accounts 2014115,4 k €↑
2013
Annual accounts 2013-5,6 k €↑
2012
Annual accounts 2012-47,2 k €↓
2011
Annual accounts 2011-32,9 k €↓
2010
Annual accounts 2010-10 k €↓
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 20088,3 k €↓
2007
Annual accounts 200711,6 k €↑
2006
Annual accounts 2006-1,3 k €
11/04/1997
IncorporationPrivate company with limited liability

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

DAZIBAO

Overview

What does DAZIBAO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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