Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DAVID from Tielt, company number BE0439031007, closed financial year 2025 with a result of € 25,160 after tax. For that financial year DAVID recorded a gross margin of € 43,115 and equity of € -597,912. Compared with financial year 2024, the result moved from € -5,200 to € 25,160. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ -597,912
▲ € 25,160 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,160
▲ still € 5,200 loss in 2024
Profit after tax over the fiscal year.
€ 16,120
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -709,912.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 79
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,073 | € 13,354 | € 12,979 | € 43,115 | ▲ 232% |
| Profit after taxes | € -4,403 | € -4,699 | € -5,200 | € 25,160 | ▲ € 30,360 |
| Equity | € -613,173 | € -617,872 | € -623,072 | € -597,912 | ▲ € 25,160 |
| Total debts | € 1,054,617 | € 1,053,963 | € 1,054,707 | € 1,014,032 | ▼ 4% |
| Cash | € 2,773 | € 477 | € 10,145 | € 16,120 | ▲ 59% |
| Land & buildings | € 435,854 | € 424,084 | € 412,468 | € 381,397 | ▼ 8% |
| Retained profit | € -725,173 | € -729,872 | € -735,072 | € -709,912 | ▲ € 25,160 |
| Balance sheet total | € 441,444 | € 436,091 | € 431,635 | € 416,120 | ▼ 4% |
Key figures of DAVID, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DAVID?
What happened at DAVID in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,160. Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,403 loss in 2022 to € 25,160 profit in 2025.
Paid € 5 in corporate taxes since 2022.
Best year ever: 2025, with € 25,160 profit.
Management
Behind DAVID are Monique David, Cedric Vanaeken and Filip Vanaeken.
Directors
According to the 2025 annual accounts
Monique David
Managing director
Cedric Vanaeken
Director
Filip Vanaeken
Director
Establishments
Establishment units
Physical locations of this company
Bruggesteenweg 78
8760 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.031.007
- VAT number
- BE 0439.031.007
- Registered office
- Bruggesteenweg 78, 8760 Tielt
- Names & denominations
- DAVID
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 1989
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
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