D.A. PROJECTS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of D.A. PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €88k and a net result of €26k. Equity is growing by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 1087 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	30-01-2026	1 d early	2026-00020915
30-06-2024	31-01-2025	20-01-2025	11 d early	2025-00006631
30-06-2023	31-01-2024	20-12-2023	42 d early	2023-00531872
30-06-2022	31-01-2023	13-03-2023	41 d late	2023-00038431

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€26k+27.5%

Working capital€-50k-3.8%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~22.1%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.6%	42.1%	better than 38% of 1087 sector peers
Net result	€26k	€11k	better than 71% of 1087 sector peers
Equity	€88k	€35k	better than 78% of 1089 sector peers
Gross operating margin	€41k	€30k	better than 60% of 1086 sector peers
Total assets	€279k	€96k	better than 81% of 1087 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P38

Improving position over 2022-2025 · n=1087-3838

Net result P71

Stable position over 2022-2025 · n=1087-3834

Equity P78

Improving position over 2022-2025 · n=1089-3843

Gross operating margin P60

Improving position over 2022-2025 · n=1086-3831

Describes the position versus peers, not a forecast.

EBITDA

€40k

+17.8% 22-25

Net profit

€26k

+27.5% 22-25

Cash flow

€27k

+26.5% 22-25

Total assets

€279k

-6.0% 22-25

Equity

€88k

+42.3% 22-25

Working capital

€-50k

-3.8% 22-25

Income taxes

€11k

-1.5% 22-25

Debt

€191k

-18.7% 22-25

Show 9 other metrics

Debt ≤ 1y

€77k

-16.4% 22-25

Debt > 1y

€114k

-20.2% 22-25

Current ratio

0.36

-26.0% 22-25

Quick ratio

0.36

-26.0% 22-25

Solvency

31.6%

+51.3% 22-25

Debt / equity

2.16

-42.9% 22-25

ROE

29.7%

-10.3% 22-25

ROA

9.4%

+35.7% 22-25

Interest coverage

23.07

+69.3% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€40k
Net profit	€26k
Cash flow	€27k
Staff costs	-
Income taxes	€11k
Dividends	-
Total assets	€279k
Equity	€88k
Debt	€191k
of which ≤ 1y	€77k
of which > 1y	€114k
Working capital	€-50k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.36
Quick ratio	0.36
Working capital ratio	-17.8%
Solvency	31.6%
Debt / equity	2.16
Long-term debt ratio	1.29
Interest coverage	23.07
Gross margin	-
Net margin	-
ROA	9.4%
ROE	29.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €252k · 90.1% Current assets €28k · 9.9%

Equity & liabilities

Equity €88k · 31.6% Debt €191k · 68.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€279k
Fixed assets	21/28	€252k
Tangible fixed assets	22/27	€2k
Financial fixed assets	28	€250k
Current assets	29/58	€28k
Amounts receivable within one year	40/41	€23k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€279k
Equity	10/15	€88k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€86k
Amounts payable	17/49	€191k
Amounts payable after one year	17	€114k
Amounts payable within one year	42/48	€77k
Trade debts payable within one year	44	€16k
Income statement
Gross operating margin	9900	€41k
Operating result	9901	€39k
Financial charges	65	€2k
Result before taxes	9903	€38k
Income taxes	67/77	€11k
Net result for the period	9904	€26k
Result to be appropriated	9905	€26k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

61 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

D.A. PROJECTS

Vlasroot 17, 3930 Hamont-AchelAlgemene bouw van residentiële gebouwen

since 20212.319.848.931

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,279 m²

Buildings1

Building footprint790 m²

Volume (LiDAR)5,166 m³

Tallest building8.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)