Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
DB-M Cargo from Affligem, company number BE0840029106, closed financial year 2024 with a result of € -5,518 after tax. For that financial year DB-M Cargo recorded a gross margin of € 25,915 and equity of € 8,481. Compared with financial year 2023, the result moved from € -179 to € -5,518. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2025.
€ 8,481
▼ 39% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,518
▼ 2975 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,348
▼ 29% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4,019.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 84,312
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 70,024
▼ 31% vs 2023
€ 31,904 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2,298
▲ 295% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 5,332
▼ 5% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 463 | € 19,931 | € 19,684 | € 25,915 | ▲ 32% |
| Profit after taxes | € -15 | € 4,093 | € -179 | € -5,518 | ▼ € 5,339 |
| Equity | € 10,086 | € 14,178 | € 13,999 | € 8,481 | ▼ 39% |
| Total debts | € 4,209 | € 168,014 | € 117,360 | € 83,152 | ▼ 29% |
| Cash | € 2,969 | € 2,047 | € 1,904 | € 1,348 | ▼ 29% |
| Retained profit | € -2,414 | € 1,678 | € 1,499 | € -4,019 | ▼ € 5,518 |
| Bank debt | € 0 | € 130,487 | € 100,800 | € 70,024 | ▼ 31% |
| Balance sheet total | € 14,295 | € 182,193 | € 131,359 | € 91,632 | ▼ 30% |
Key figures of DB-M Cargo, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to DB-M Cargo?
What happened at DB-M Cargo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 5,518. filed late Source: NBB ↗
- New establishment in Affligem. KBO
- David Michiels became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15 loss in 2021 to € 5,518 loss in 2024.
Paid € 1,101 in corporate taxes since 2021.
Best year ever: 2022, with € 4,093 profit.
Management
Behind DB-M Cargo is David Michiels. David Michiels is also behind New Distribution Line.
Directors
According to the 2024 annual accounts
since 2025
Establishments
Establishment units
Physical locations of this company
Schaapschuur 4 box 3
1790 Affligem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →PIMM Engineering
€ 960,184 gross margin · 2025
New Distribution Line same network
€ 504,266 gross margin · 2025
Inter@ctKiosks
€ -49,685 gross margin · 2025
TRENDY DEUREN
€ 93,442 gross margin · 2023
E-RS Belgium
€ 94,949 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0840.029.106
- VAT number
- BE 0840.029.106
- Registered office
- Schaapschuur 4 bus 3, 1790 Affligem
- Names & denominations
- DB-M Cargo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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