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 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
D PARTICIPATION MANAGEMENT from Elsene, company number BE0878793769, closed financial year 2025 with a result of € -93.6 million after tax. Compared with financial year 2024, the result moved from € -171.8 million to € -93.6 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 402.9 million
▲ 125% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -93.6 million
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5 million
▲ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -293.2 million.
Debts at end 2025
€ 1.6 billion
▼ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 72,142
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -7,702,847 | € -19,736,469 | € -171,806,557 | € -93,552,576 | ▲ € 78.3 million |
| Equity | € 370,267,227 | € 350,530,758 | € 178,724,201 | € 402,871,625 | ▲ 125% |
| Total debts | € 1,108,054,390 | € 1,080,008,840 | € 1,996,137,326 | € 1,690,044,061 | ▼ 15% |
| Cash | - | € 119,280 | € 2,558,816 | € 5,012,548 | ▲ 96% |
| Retained profit | € -8,088,418 | € -27,824,887 | € -199,631,444 | € -293,184,020 | ▼ € 93.6 million |
| Bank debt | € 1,091,484,183 | € 1,047,670,802 | € 1,947,670,802 | € 1,637,706,351 | ▼ 16% |
| Balance sheet total | € 1,478,321,617 | € 1,430,539,598 | € 2,174,861,527 | € 2,092,915,686 | ▼ 4% |
Key figures of D PARTICIPATION MANAGEMENT, 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 D PARTICIPATION MANAGEMENT?
What happened at D PARTICIPATION MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Francois Bourguignon stepped down as director. NBB
- Amelie Coens stepped down as director. NBB
- Edouard Janssen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 93.6 million. Source: NBB ↗
- Jean-Francois Bourguignon became a director. NBB
- Amelie Coens became a director. NBB
- Edouard Janssen became a director. NBB
- New establishment in Elsene. KBO
In short
From € 7.7 million loss in 2022 to € 93.6 million loss in 2025.
A new publication or filing at D PARTICIPATION MANAGEMENT? We notify you, reason included.
Follow D PARTICIPATION MANAGEMENTDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of D'Ieteren Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D PARTICIPATION MANAGEMENTThe shares are held by D'Ieteren Group (100%). It owns 100% of Moleskine S.r.l., 100% of Spider Bidco and 100% of Lys Bidco s.à.r.l itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Edouard Janssen
Director
Also active at: D'Ieteren Automotive SA/NV, SPIDER BIDCO, D'Ieteren Services
since 2023 · until 2029
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Maliestraat 50
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →D'Ieteren Group same network
D'Ieteren Micromobility
€ 3.8 million revenue · 2024
D'IETEREN IMMO same network
€ 28.6 million revenue · 2025
Building Design
IMSONIC
€ -13,168 gross margin · 2025
+44 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
- 0878.793.769
- VAT number
- BE 0878.793.769
- Registered office
- Maliestraat 50, 1050 Elsene
- Names & denominations
- D PARTICIPATION MANAGEMENT · DPM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 January 2006
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings