d 4
ActiveSummary
d 4 has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,428 and a net result of €21,222. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 10.83 against 5.32 in 2024; short-term debt: 8.7% and cash: 46.3% of total assets), and 8.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
91.3%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
50 d late
2023
58 d early
2022
52 d early
2021
16 d late
2020
64 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 June (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€187,428▲ 12.8%
2024 · €166,207
Total assets
€205,245=
2024 · €205,211
Net result
€21,222▼ 46.1%
2024 · €39,370
Working capital
€175,137▲ 22.5%
2024 · €142,959
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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-€12,038€91,732-€39,263€44,074€22,518▼ 48.9%
Net result-€12,865below the sector's middle half€72,699above the sector's middle half-€39,819below the sector's middle half€39,370within the sector's middle half€21,222within the sector's middle half▼ 46.1%
Equity€143,957within the sector's middle half▼ 8.2%€166,656above the sector's middle half▲ 15.8%€126,837within the sector's middle half▼ 23.9%€166,207above the sector's middle half▲ 31.0%€187,428above the sector's middle half▲ 12.8%
Total assets€184,332within the sector's middle half▼ 22.3%€298,651within the sector's middle half▲ 62.0%€175,638within the sector's middle half▼ 41.2%€205,211within the sector's middle half▲ 16.8%€205,245within the sector's middle half=
Debt€40,375▼ 49.7%€131,996▲ 227%€48,802▼ 63.0%€39,004▼ 20.1%€17,817▼ 54.3%
Working capital€82,405within the sector's middle half▼ 10.1%€101,333within the sector's middle half▲ 23.0%€74,806within the sector's middle half▼ 26.2%€142,959above the sector's middle half▲ 91.1%€175,137above the sector's middle half▲ 22.5%
Solvency78.1%above the sector's middle half▲ 12.0pp55.8%within the sector's middle half▼ 22.3pp72.2%within the sector's middle half▲ 16.4pp81.0%above the sector's middle half▲ 8.8pp91.3%above the sector's middle half▲ 10.3pp
Current ratio4.48above the sector's middle half▲ 1.742.09within the sector's middle half▼ 2.393.59within the sector's middle half▲ 1.505.32above the sector's middle half▲ 1.7210.83above the sector's middle half▲ 5.51
Return on assets (ROA)-7.0%below the sector's middle half▼ 40.8pp24.3%above the sector's middle half▲ 31.3pp-22.7%below the sector's middle half▼ 47.0pp19.2%within the sector's middle half▲ 41.9pp10.3%within the sector's middle half▼ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205,245
Fixed assets
€12,291 ▼ 57.8%
Current assets
€192,954 ▲ 9.6%
Equity and liabilities €205,245
Equity
€187,428 ▲ 12.8%
Debt
€17,817 ▼ 54.3%
Debt's share of the balance-sheet total falls from 19.0% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,378▼
2024 · €61,726
Cash flow
€38,082▼
2024 · €57,023
Debt to equity
0.10▼
2024 · 0.23
ROE
11.3%▼
2024 · 23.7%
Interest coverage
20.56▼
2024 · 76.01
Debt ≤ 1 year
€17,817▼
2024 · €33,101
Debt > 1 year
€0▼
2024 · €5,903
Income taxes
€8,816▲
2024 · €6,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,066 | €0 | €48,161 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,467 | €34,825 | €39,656 | €17,652 | €16,860 | ▼ 4.5% |
| Other operating charges640/8 | €1,630 | €1,787 | €1,975 | €2,228 | €1,616 | ▼ 27.5% |
| Gross operating margin9900 | €16,060 | €128,344 | €2,369 | €63,954 | €40,994 | ▼ 35.9% |
| Operating profit (loss)9901 | -€12,038 | €91,732 | -€39,263 | €44,074 | €22,518 | ▼ 48.9% |
| Financial income75/76B | €5 | €5 | €1,001 | €2,533 | €9,435 | ▲ 272% |
| Recurring financial income75 | €5 | €5 | €1,001 | €2,533 | €9,435 | ▲ 272% |
| Financial charges65/66B | €700 | €1,295 | €1,244 | €812 | €1,915 | ▲ 136% |
| Recurring financial charges65 | €700 | €1,295 | €1,244 | €812 | €1,915 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | -€12,732 | €90,442 | -€39,505 | €45,795 | €30,038 | ▼ 34.4% |
| Income taxes67/77 | €133 | €17,744 | €314 | €6,424 | €8,816 | ▲ 37.2% |
| Profit (loss) for the period9904 | -€12,865 | €72,699 | -€39,819 | €39,370 | €21,222 | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | -€12,865 | €72,699 | -€39,819 | €39,370 | €21,222 | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €184,332 | €298,651 | €175,638 | €205,211 | €205,245 | = |
| Fixed assets21/28 | €78,266 | €104,490 | €72,002 | €29,151 | €12,291 | ▼ 57.8% |
| Tangible fixed assets22/27 | €78,266 | €104,490 | €72,002 | €29,151 | €12,291 | ▼ 57.8% |
| Land and buildings22 | €69,126 | €47,162 | €25,198 | €0 | - | - |
| Plant, machinery and equipment23 | €7,437 | €5,720 | €10,605 | €8,362 | €6,558 | ▼ 21.6% |
| Furniture and vehicles24 | €1,703 | €51,608 | €36,199 | €20,789 | €5,733 | ▼ 72.4% |
| Current assets29/58 | €106,067 | €194,162 | €103,637 | €176,060 | €192,954 | ▲ 9.6% |
| Stocks and contracts in progress3 | €4,677 | €4,677 | €4,677 | €4,677 | €0 | ▼ 100% |
| Stocks30/36 | €4,677 | €4,677 | €4,677 | €4,677 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €27,694 | €45,248 | €8,864 | €77,206 | €95,974 | ▲ 24.3% |
| Trade receivables40 | €17,827 | €21,183 | €3,881 | €1,599 | €495 | ▼ 69.0% |
| Other amounts receivable41 | €9,867 | €24,065 | €4,983 | €75,608 | €95,479 | ▲ 26.3% |
| Cash at bank and in hand54/58 | €73,435 | €142,510 | €89,006 | €93,036 | €95,055 | ▲ 2.2% |
| Deferred charges and accrued income490/1 | €261 | €1,727 | €1,090 | €1,141 | €1,925 | ▲ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €184,332 | €298,651 | €175,638 | €205,211 | €205,245 | = |
| Equity10/15 | €143,957 | €166,656 | €126,837 | €166,207 | €187,428 | ▲ 12.8% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €137,760 | €160,458 | €120,639 | €160,010 | €181,231 | ▲ 13.3% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | €135,900 | €158,599 | €120,639 | €160,010 | €181,231 | ▲ 13.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €40,375 | €131,996 | €48,802 | €39,004 | €17,817 | ▼ 54.3% |
| Amounts payable after more than one year17 | €16,687 | €39,102 | €19,853 | €5,903 | €0 | ▼ 100% |
| Financial debts170/4 | €16,687 | €39,102 | €19,853 | €5,903 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €23,661 | €92,829 | €28,831 | €33,101 | €17,817 | ▼ 46.2% |
| Current portion of amounts payable after more than one year42 | €10,923 | €24,435 | €19,249 | €13,950 | €5,903 | ▼ 57.7% |
| Trade debts44 | €3,381 | €3,948 | €3,135 | €2,021 | €10,560 | ▲ 423% |
| Suppliers440/4 | €3,381 | €3,948 | €3,135 | €2,021 | €10,560 | ▲ 423% |
| Taxes, remuneration and social security45 | €9,196 | €14,446 | €6,447 | €17,130 | €1,354 | ▼ 92.1% |
| Taxes450/3 | €9,196 | €14,446 | €6,447 | €17,130 | €1,354 | ▼ 92.1% |
| Other amounts payable47/48 | €162 | €50,000 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €27 | €65 | €118 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,865 | €72,699 | -€39,819 | €39,370 | €21,222 | ▼ 46.1% |
| + Depreciation and write-downs630 | €26,467 | €34,825 | €39,656 | €17,652 | €16,860 | ▼ 4.5% |
| Operating cash flow (approximation) | €13,602 | €107,524 | -€163 | €57,023 | €38,082 | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | -€61,049 | -€7,168 | €25,198 | €0 | ▼ 100% |
| Change in cash | - | €69,076 | -€53,504 | €4,030 | €2,019 | ▼ 49.9% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 10.83
Current ratio from 5.32 to 10.83; short-term debt falls from €33,101 to €17,817.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Back to profitnet €39,370
Net result €39,370 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €166,207 ▲31%
Equity rises from €126,837 to €166,207.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€39,819
Net result drops to -€39,819, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €72,699
Net result €72,699 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €166,656 ▲15.8%
Equity rises from €143,957 to €166,656.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Highest result since 2018net €80,099 ▲371%
Net result €80,099, the highest in the series.
31-12
Financial
Equity above €150,000Eq €156,822 ▲54.2%
2 profitable years in a row build equity to €156,822.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17,002
Net result €17,002 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.87
Current ratio from 0.66 to 1.87.
31-12
Financial
Equity above €100,000Eq €101,723 ▲20.1%
Equity rises from €84,721 to €101,723.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Oudenaarde · 1 establishment unit since 2000
Ground area
1,874 m²
Building footprint
203 m²
Volume, LiDAR
1,218 m³
Parcel 45026A0599/00K000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
d 4
since 20002.099.865.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45026A0599/00K000 | Flanders | 1,874 m² | 1 · 203 m² | 10.1 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.
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,296. 976 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
Founded18-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
47512Retail sale of household textiles and bedding
47551Retail sale of household furniture
47783Retail trade
90201Performing arts by independent artists
90120Visual arts creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473071572
Also
9925:BE0473071572
Registered
23-10-2024
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.