Bouwonderneming Dave Carpels
ActiveSummary
The computed 12-month bankruptcy probability of Bouwonderneming Dave Carpels is 1.8% (moderate). The 2025 annual accounts show equity of €7,135 and a net result of €5,359. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 2218 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-9
Solvency26▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.65 against 0.58 in 2024; short-term debt: 49.8% and cash: 8.9% of total assets), and 98.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.4%
Return on assets
1.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2218 sector peers (2025).
NBB · sector comparisonPosition among 2218 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
92 d early
2023
32 d early
2022
31 d early
2021
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€7,135▲ 302%
2024 · €1,776
Total assets
€510,122▼ 5.2%
2024 · €538,088
Net result
€5,359▼ 77.2%
2024 · €23,528
Working capital
-€88,156▲ 17.9%
2024 · -€107,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,339-€20,573▼ 57.4%€103,013▲ 401%€35,228▼ 65.8%€18,268▼ 48.1%
Net result€36,967within the sector's middle half-€13,093within the sector's middle half▼ 64.6%€75,588within the sector's middle half▲ 477%€23,528within the sector's middle half▼ 68.9%€5,359within the sector's middle half▼ 77.2%
Equity€37,967below the sector's middle half-€50,260below the sector's middle half▲ 32.4%€124,247within the sector's middle half▲ 147%€1,776below the sector's middle half▼ 98.6%€7,135below the sector's middle half▲ 302%
Total assets€408,782below the sector's middle half-€562,889within the sector's middle half▲ 37.7%€472,774within the sector's middle half▼ 16.0%€538,088within the sector's middle half▲ 13.8%€510,122within the sector's middle half▼ 5.2%
Debt€370,815-€512,629▲ 38.2%€348,527▼ 32.0%€536,312▲ 53.9%€502,988▼ 6.2%
Working capital-€23,410below the sector's middle half--€5,853below the sector's middle half▲ 75.0%€75,684within the sector's middle half-€107,327below the sector's middle half-€88,156below the sector's middle half▲ 17.9%
Solvency9.3%below the sector's middle half-8.9%below the sector's middle half▼ 0.4pp26.3%within the sector's middle half▲ 17.4pp0.3%below the sector's middle half▼ 26.0pp1.4%below the sector's middle half▲ 1.1pp
Current ratio0.93below the sector's middle half-0.99below the sector's middle half▲ 0.061.22within the sector's middle half▲ 0.240.58below the sector's middle half▼ 0.650.65below the sector's middle half▲ 0.07
Return on assets (ROA)9.0%within the sector's middle half-2.3%within the sector's middle half▼ 6.7pp16.0%above the sector's middle half▲ 13.7pp4.4%within the sector's middle half▼ 11.6pp1.1%within the sector's middle half▼ 3.3pp
Staff (FTE)4.9within the sector's middle half-5.5within the sector's middle half▲ 12.2%5.8within the sector's middle half▲ 5.5%5.3within the sector's middle half▼ 8.6%4.9within the sector's middle half▼ 7.5%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510,122
Fixed assets
€344,264 ▼ 11.9%
Current assets
€165,858 ▲ 12.6%
Equity and liabilities €510,122
Equity
€7,135 ▲ 302%
Debt
€502,988 ▼ 6.2%
Debt's share of the balance-sheet total falls from 99.7% to 98.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,053▼
2024 · €87,629
Cash flow
€64,144▼
2024 · €75,929
Quick ratio
0.62▲
2024 · 0.58
Debt to equity
70.50
ROE
75.1%
Interest coverage
5.37▼
2024 · 6.07
Debt ≤ 1 year
€254,014▼
2024 · €254,616
Debt > 1 year
€248,573▼
2024 · €281,309
Income taxes
€1,121
Staff costs
€286,458▼
2024 · €290,321
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,250 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €305,599 | €329,947 | €290,321 | €286,458 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,974 | €17,240 | €17,374 | €52,401 | €58,786 | ▲ 12.2% |
| Other operating charges640/8 | - | €1,836 | €1,688 | €1,713 | €2,003 | ▲ 16.9% |
| Gross operating margin9900 | €343,993 | €345,249 | €452,022 | €379,663 | €365,514 | ▼ 3.7% |
| Operating profit (loss)9901 | €48,339 | €20,573 | €103,013 | €35,228 | €18,268 | ▼ 48.1% |
| Financial income75/76B | - | €2,725 | €3,636 | €2,730 | €2,554 | ▼ 6.4% |
| Recurring financial income75 | €2,201 | €2,725 | €3,636 | €2,730 | €2,554 | ▼ 6.4% |
| Financial charges65/66B | - | €6,436 | €11,842 | €14,429 | €14,342 | ▼ 0.6% |
| Recurring financial charges65 | €4,034 | €6,436 | €11,842 | €14,429 | €14,342 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €46,506 | €16,861 | €94,806 | €23,528 | €6,480 | ▼ 72.5% |
| Income taxes67/77 | €9,539 | €3,768 | €19,219 | - | €1,121 | - |
| Profit (loss) for the period9904 | €36,967 | €13,093 | €75,588 | €23,528 | €5,359 | ▼ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €36,967 | €13,093 | €75,588 | €23,528 | €5,359 | ▼ 77.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,782 | €562,889 | €472,774 | €538,088 | €510,122 | ▼ 5.2% |
| Fixed assets21/28 | €92,896 | €77,656 | €60,282 | €390,799 | €344,264 | ▼ 11.9% |
| Intangible fixed assets21 | €45,000 | €40,000 | €35,000 | €30,000 | €25,000 | ▼ 16.7% |
| Tangible fixed assets22/27 | €47,896 | €37,656 | €25,282 | €360,799 | €319,264 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | €14,022 | €9,348 | €7,960 | €2,536 | ▼ 68.1% |
| Furniture and vehicles24 | - | €23,634 | €15,934 | €33,862 | €33,150 | ▼ 2.1% |
| Leasing and similar rights25 | - | - | - | €318,978 | €283,579 | ▼ 11.1% |
| Current assets29/58 | €315,886 | €485,233 | €412,492 | €147,289 | €165,858 | ▲ 12.6% |
| Stocks and contracts in progress3 | €169,165 | €384,954 | - | - | €7,500 | - |
| Stocks30/36 | - | €384,954 | - | - | - | - |
| Contracts in progress37 | - | - | - | - | €7,500 | - |
| Amounts receivable within one year40/41 | €69,322 | €26,735 | €73,127 | €55,170 | €96,523 | ▲ 75.0% |
| Trade receivables40 | - | €13,782 | €73,127 | €37,648 | €72,840 | ▲ 93.5% |
| Other amounts receivable41 | - | €12,954 | - | €17,522 | €23,683 | ▲ 35.2% |
| Cash at bank and in hand54/58 | €69,900 | €67,043 | €332,130 | €83,391 | €45,189 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | €6,501 | €7,236 | €8,728 | €16,646 | ▲ 90.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,782 | €562,889 | €472,774 | €538,088 | €510,122 | ▼ 5.2% |
| Equity10/15 | €37,967 | €50,260 | €124,247 | €1,776 | €7,135 | ▲ 302% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €36,967 | €49,260 | €123,247 | €776 | €6,135 | ▲ 691% |
| Distributable reserves133 | - | €49,260 | €123,247 | €776 | €6,135 | ▲ 691% |
| Amounts payable17/49 | €370,815 | €512,629 | €348,527 | €536,312 | €502,988 | ▼ 6.2% |
| Amounts payable after more than one year17 | €31,519 | €21,543 | €11,333 | €281,309 | €248,573 | ▼ 11.6% |
| Financial debts170/4 | - | €21,543 | €11,333 | €281,309 | €248,573 | ▼ 11.6% |
| Amounts payable within one year42/48 | €339,296 | €491,086 | €336,809 | €254,616 | €254,014 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €9,976 | €10,210 | €42,393 | €40,494 | ▼ 4.5% |
| Financial debts43 | - | €302,000 | - | - | - | - |
| Credit institutions430/8 | - | €302,000 | - | - | - | - |
| Trade debts44 | €43,017 | €49,777 | €69,171 | €21,407 | €40,607 | ▲ 89.7% |
| Suppliers440/4 | - | €49,777 | €69,171 | €21,407 | €40,607 | ▲ 89.7% |
| Taxes, remuneration and social security45 | - | €5,193 | €138,657 | €8,862 | €10,921 | ▲ 23.2% |
| Taxes450/3 | - | €3,960 | €137,051 | €8,188 | €8,188 | = |
| Remuneration and social security454/9 | - | €1,233 | €1,606 | €674 | €2,733 | ▲ 305% |
| Other amounts payable47/48 | - | €124,140 | €118,770 | €181,954 | €161,992 | ▼ 11.0% |
| Accrued charges and deferred income492/3 | - | - | €384 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,967 | €13,093 | €75,588 | €23,528 | €5,359 | ▼ 77.2% |
| + Depreciation and write-downs630 | €16,974 | €17,240 | €17,374 | €52,401 | €58,786 | ▲ 12.2% |
| Operating cash flow (approximation) | €53,941 | €30,333 | €92,962 | €75,929 | €64,144 | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | -€2,000 | €0 | -€382,919 | -€12,250 | ▲ 96.8% |
| Change in cash | - | -€2,857 | €265,087 | -€248,739 | -€38,202 | ▲ 84.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €5,359 ▼77.2%
Net result drops to €5,359, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2021net €75,588 ▲477%
Operating result €103,013, net result €75,588, both a record.
30-09
Financial
Equity above €100,000Eq €124,247 ▲147%
3 profitable years in a row build equity to €124,247.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2020
Ground area
677 m²
Building footprint
164 m²
Volume, LiDAR
809 m³
Parcel 31029B0496/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bouwonderneming Dave Carpels
since 20202.307.095.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029B0496/00F000 | Flanders | 677 m² | 1 · 164 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,120 EUR awarded · 3,120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 1,120 EUR | 1,120 EUR |
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 2 endedMetselaar (vwo)
Metselaar (vwo)
Ruwbouw duaal (so)
Ruwbouw duaal (so)
Vloerder - tegelzetter duaal (so)
Show 2 ended approvals
Tegelzetter (so)
Werfbediener (so)
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 7,902 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-09-2020
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43331Floor and wall tiling
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754469760
Registered
22-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.