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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
David Bidco from Roeselare, company number BE0765555969, closed financial year 2025 with a result of € -29.4 million after tax. For that financial year David Bidco recorded revenue of € 3.2 million and equity of € 429.4 million. Compared with financial year 2024, the result moved from € -7.4 million to € -29.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 429.4 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -29.4 million
▼ 295 % more loss than in 2024
Profit after tax over the fiscal year.
€ 552,281
▲ 167% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -94.3 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 252,958
▲ 46% vs 2024
€ 126,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,599
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 325 million
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 4.5 million
▲ € 4.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 251 days on average.
€ 1.4 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,373,165 | € 2,899,227 | € 3,067,349 | € 3,163,874 | ▲ 3% |
| Profit after taxes | € -42,475,575 | € 4,332,658 | € -7,436,927 | € -29,407,921 | ▼ € 22 million |
| Equity | € 461,901,529 | € 466,234,187 | € 458,797,260 | € 429,389,339 | ▼ 6% |
| Total debts | € 331,585,040 | € 327,736,890 | € 346,580,270 | € 376,926,602 | ▲ 9% |
| Cash | € 197,987 | € 133,335 | € 207,072 | € 552,281 | ▲ 167% |
| Retained profit | € -61,782,898 | € -57,450,240 | € -64,887,167 | € -94,295,088 | ▼ € 29.4 million |
| Bank debt | € 325,000,000 | € 325,000,000 | € 336,640,000 | € 325,000,000 | ▼ 3% |
| Balance sheet total | € 793,487,224 | € 793,972,552 | € 805,379,791 | € 806,318,648 | |
| Employees (FTE) | 3 | 2.5 | 2 | 2 |
Key figures of David Bidco, 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 Bidco?
What happened at David Bidco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 29.4 million. Source: NBB ↗
- Juergen Pinker stepped down as director. NBB
- M&M and Partners BV became a director. NBB
- Sam.an.da Consulting BV stepped down as director. NBB
- Sam.an.da Consulting BV became a director. NBB
- Hercon BV became a director. NBB
- Jad El Ajaltouni became a director. NBB
- Vesa Veikko Koskinen became a director. NBB
In short
From € 42.5 million loss in 2022 to € 29.4 million loss in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 4.3 million profit.
Management
Behind David Bidco are Jad El Ajaltouni, Vesa Veikko Koskinen, M&M and Partners BV, Hercon BV and Saleh Panahi. It owns 100% of D.E.S.O.T.E.C. International NV and 100% of Desotec NV itself.
Directors
According to the 2025 annual accounts
Jad El Ajaltouni
Director
since 2021
Vesa Veikko Koskinen
Director
since 2021
Managing director · represented by Mark Thys
Also active at: Renewi Wood Products, ECO-SMART, RENEWI BELGIUM, Renewi +, Renewi, RENEWI VALORISATION & QUARRY, DESOTEC, Renewi Shared Services Center +3 more
since 2025
Chairman of the board · represented by Mario Hertegonne
Also active at: VERGALLE INVEST, D.E.S.O.T.E.C. INTERNATIONAL
since 2023
Saleh Panahi
Director
since 2021
Managing director · represented by Pieterjan Goedertier
Also active at: DESOTEC, D.E.S.O.T.E.C. INTERNATIONAL
since 2024 · until 2025
Juergen Pinker
Director
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Regenbeekstraat 44
8800 Roeselare
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.555.969
- VAT number
- BE 0765.555.969
- Registered office
- Regenbeekstraat 44, 8800 Roeselare
- Names & denominations
- David Bidco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2021
- Peppol
- Active · Active since 30 Apr 2021
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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