ACTIVE

D-BUILD

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Financial year 2025 · closed on 31/12/2025

Net result

371,2 k €

+324.7% YoY

Gross margin

406 k €

+414.7% YoY

Equity

1,1 M €

+49.5% YoY

What does D-BUILD do?

D-BUILD is a Public limited company incorporated in 2003. Its registered office is in Heusden-Zolder.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.952.490

Incorporation

01/12/2003

Legal form

Public limited company

Registered office

Vlinderstraat 22
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

1 040 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2010		2008		2006
Income statement
Gross margin	406 k €	+415%	-129 k €	+80.7%	-670,1 k €	-225%	535,5 k €	+849%	56,4 k €	-82.2%	317,6 k €	-32.9%	473,5 k €	+72.1%	275 k €	-38.9%	449,8 k €	+20.4%	373,7 k €	-60.5%	947,2 k €	+12.9%	839,2 k €	+12.7%	744,4 k €	-16.9%	895,9 k €	+144%	367 k €
EBITDA	391,9 k €	+345%	-160,2 k €	+80.4%	-817,7 k €	-358%	317,5 k €	+277%	-179,4 k €	-233%	135,2 k €	-56.2%	308,6 k €	+226%	94,7 k €	-47.4%	180,1 k €	+20.3%	149,7 k €	-72.0%	534,1 k €	+170%	197,6 k €	+146%	-428,6 k €	-1587%	28,8 k €	-50.2%	57,8 k €
Operating result	391,9 k €	+345%	-160,2 k €	+83.2%	-955,6 k €	-443%	278,8 k €	+215%	-241,9 k €	-445%	70,1 k €	-69.3%	228,7 k €	+903%	22,8 k €	-40.3%	38,2 k €	-49.4%	75,6 k €	-83.4%	456,4 k €	+308%	111,8 k €	+120%	-559,9 k €	-916%	-55,1 k €	-231%	42 k €
Net result	371,2 k €	+325%	-165,2 k €	+49.3%	-325,6 k €	-255%	210,5 k €	+176%	-276,8 k €	-1342%	22,3 k €	-85.5%	153,2 k €	+1356%	10,5 k €	-63.9%	29,1 k €	-25.2%	38,9 k €	+9.5%	35,6 k €	+28.6%	27,6 k €	+104%	-773,1 k €	-470%	-135,7 k €	-883%	17,3 k €
Balance sheet
Equity	1,1 M €	+49.5%	750,5 k €	-18.0%	915,7 k €	-26.2%	1,2 M €	+20.4%	1 M €	-21.2%	1,3 M €	+1.7%	1,3 M €	+13.5%	1,1 M €	-41.1%	1,9 M €	+1.5%	1,9 M €	+48.8%	1,3 M €	+2.9%	1,2 M €	+101%	614,5 k €	+43.7%	427,6 k €	+277%	113,4 k €
Total assets	2,2 M €	+56.4%	1,4 M €	-19.4%	1,8 M €	-32.9%	2,6 M €	-70.2%	8,8 M €	-23.4%	11,5 M €	-33.5%	17,2 M €	+67.8%	10,3 M €	+177%	3,7 M €	-43.0%	6,5 M €	-23.9%	8,5 M €	-30.6%	12,3 M €	+204%	4 M €	+28.5%	3,1 M €	+208%	1 M €
Cash	615,7 €	-92.0%	7,7 k €	-9.0%	8,5 k €	-87.8%	69,8 k €	-48.2%	134,6 k €	-54.5%	295,5 k €	+40.7%	210 k €	-23.1%	273 k €	-42.3%	472,9 k €	+94.4%	243,3 k €	-66.2%	718,9 k €	+1125%	58,7 k €	-57.0%	136,4 k €	+14698%	921,9 €	-96.4%	25,7 k €
Debts	1,1 M €	+64.1%	668,2 k €	-20.8%	843,5 k €	-38.8%	1,4 M €	-81.6%	7,5 M €	+4.1%	7,2 M €	-21.6%	9,2 M €	+26.9%	7,2 M €	+305%	1,8 M €	-61.3%	4,6 M €	-36.3%	7,2 M €	-28.6%	10,1 M €	+199%	3,4 M €	+26.5%	2,7 M €	+196%	906,7 k €
Other
Workforce	–		–		0,0 ETP	-100%	4,5 ETP	-11.8%	5,1 ETP	+82.1%	2,8 ETP	-30.0%	4,0 ETP	-20.0%	5,0 ETP	-13.8%	5,8 ETP	+1.8%	5,7 ETP	-38.0%	9,2 ETP	+21.1%	7,6 ETP	-53.9%	16,5 ETP	-20.7%	20,8 ETP	+121%	9,4 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 31/12/2025 · 1 active · 14 ended

Active mandates

Jos Vaes

Managing director · since 28 novembre 2019 · until 18 décembre 2030

Active

Ended mandates

Jos Vaes

Managing director · since 28 novembre 2019 · until 28 novembre 2025

Ended

Koen Vriens

Director · since 09 mai 2018 · until 16 septembre 2021

Ended

Koen Vriens

Director · since 09 mai 2018 · until 09 mai 2024

Ended

Jos Vaes

Director · since 05 mars 2014 · until 31 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
CAMPAGNE DE PREL● Active	0879.898.381
D-BuildReal Estate● Active	0420.581.409
DEA PLUS● Active	0429.619.631
D-INTERIOR● Active	0892.659.821
HVH INVEST GROUP● Active	0860.037.830
HVH INVEST GROUP II● Active	0867.871.371
THE ARTISTS● Active	0839.859.850
VG-Build● Active	0836.638.361

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	31/12/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	04/03/2025	20/01/2024	01/02/2023	17/02/2022	29/01/2021
General meeting	10/06/2026	19/12/2024	19/12/2023	19/12/2022	29/11/2021	29/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	18/06/2026	Dutch	PDF
Abridged model	30/06/2024	19/12/2024	04/03/2025	Dutch	PDF
Abridged model	30/06/2023	19/12/2023	20/01/2024	Dutch	PDF
Abridged model	30/06/2022	19/12/2022	01/02/2023	Dutch	PDF
Abridged model	30/06/2021	29/11/2021	17/02/2022	Dutch	PDF
Abridged model	30/06/2020	29/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	28/11/2019	15/01/2020	Dutch	PDF
Abridged model	30/06/2018	28/11/2018	22/01/2019	Dutch	PDF
Abridged model	30/06/2017	28/11/2017	21/12/2017	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	25/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/11/2015	03/12/2015	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	26/01/2015	Dutch	PDF
Abridged model	30/06/2013	05/03/2014	12/08/2014	Dutch	PDF
Abridged model	30/06/2012	16/12/2012	17/02/2013	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	02/04/2012	Dutch	PDF
Abridged model	30/06/2010	15/12/2010	11/03/2011	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	29/06/2007	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 31/12/2025 · 1 active · 14 ended

Active mandates

Jos Vaes

Managing director · since 28 novembre 2019 · until 18 décembre 2030

Active

Ended mandates

Jos Vaes

Managing director · since 28 novembre 2019 · until 28 novembre 2025

Ended

Koen Vriens

Director · since 09 mai 2018 · until 16 septembre 2021

Ended

Koen Vriens

Director · since 09 mai 2018 · until 09 mai 2024

Ended

Jos Vaes

Director · since 05 mars 2014 · until 31 mai 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office14/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/12/2017
KAPITAAL - AANDELEN
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 2025371,2 k €↑
2024
Annual accounts 2024-165,2 k €↑
2023
Annual accounts 2023-325,6 k €↓
2022
Annual accounts 2022210,5 k €↑
2021
Annual accounts 2021-276,8 k €↓
2020
Annual accounts 202022,3 k €↓
2019
Annual accounts 2019153,2 k €↑
2018
Annual accounts 201810,5 k €↓
2017
Annual accounts 201729,1 k €↓
2016
Annual accounts 201638,9 k €↑
2014
Annual accounts 201435,6 k €↑
2013
Annual accounts 201327,6 k €↑
2010
Annual accounts 2010-773,1 k €↓
2008
Annual accounts 2008-135,7 k €↓
2008
Name changeD-BUILD
2006
Annual accounts 200617,3 k €
2006
Name changeB.C.Y.
01/12/2003
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

D-BUILD

Overview

What does D-BUILD do?

Trend over 15 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