D.C. Projects
ActiveSummary
D.C. Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363k and a net result of €-4k. Equity is growing by ~61.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-82
Solvency80▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 4.63 in 2023; short-term debt: 37.3% and cash: 3.8% of total assets), and 45% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55%
Return on assets
-0.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
427 d late
2022
59 d late
2021
29 d late
2020
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€363k▼ 10.2%
2023 · €405k
2020: €80k
2021: €72k▼ -9.5% vs 2020lowest in 5 years
2022: €155k▲ +114% vs 2021
2023: €405k▲ +161% vs 2022highest in 5 years
2024: €363k▼ -10.2% vs 2023
2020 → 2024
Total assets
€660k▲ 27.5%
2023 · €518k
2020: €129klowest in 5 years
2021: €626k▲ +386% vs 2020
2022: €974k▲ +55.6% vs 2021highest in 5 years
2023: €518k▼ -46.8% vs 2022
2024: €660k▲ +27.5% vs 2023
2020 → 2024
Net result
€-4k
2023 · €249k
2020: €-20klowest in 5 years
2021: €-8k▲ +61.9% vs 2020
2022: €83k▲ +1188% vs 2021
2023: €249k▲ +202% vs 2022highest in 5 years
2024: €-4k▼ -102% vs 2023
2020 → 2024
Working capital
€413k▲ 2.0%
2023 · €405k
2020: €80k
2021: €74k▼ -8.0% vs 2020lowest in 5 years
2022: €160k▲ +117% vs 2021
2023: €405k▲ +153% vs 2022
2024: €413k▲ +2.0% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€80k-€72k▼ 9.5%€155k▲ 114%€405k▲ 161%€363k▼ 10.2%
2020: €80k
2021: €72k▼ -9.5% vs 2020lowest in 5 years
2022: €155k▲ +114% vs 2021
2023: €405k▲ +161% vs 2022highest in 5 years
2024: €363k▼ -10.2% vs 2023
Operating result€-20k-€-16k▲ 17.1%€85k€337k▲ 297%€-7k
2020: €-20klowest in 5 years
2021: €-16k▲ +17.1% vs 2020
2022: €85k▲ +616% vs 2021
2023: €337k▲ +297% vs 2022highest in 5 years
2024: €-7k▼ -102% vs 2023
Net result€-20k-€-8k▲ 61.9%€83k€249k▲ 202%€-4k
2020: €-20klowest in 5 years
2021: €-8k▲ +61.9% vs 2020
2022: €83k▲ +1188% vs 2021
2023: €249k▲ +202% vs 2022highest in 5 years
2024: €-4k▼ -102% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €337k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €660k
Fixed assets
€802 ▼ 57.8%
Current assets
€659k ▲ 27.8%
Equity and liabilities €660k
Equity
€363k ▼ 10.2%
Debt
€297k ▲ 162%
Debt's share of the balance-sheet total rises from 21.9% to 45.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2023 · €339k
Cash flow
€-3k▼
2023 · €251k
Current ratio
2.67▼
2023 · 4.63
Quick ratio
1.10▼
2023 · 1.17
Debt to equity
0.82▲
2023 · 0.28
ROE
-1.1%▼
2023 · 61.6%
ROA
-0.6%▼
2023 · 48.2%
Interest coverage
-6.12▼
2023 · 572.93
Debt ≤ 1 year
€247k▲
2023 · €112k
Debt > 1 year
€50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€518k€660k▲
Fixed assets21/28€2k€802▼
Intangible fixed assets21€481€331▼
Tangible fixed assets22/27€1k€471▼
Plant, machinery and equipment23€1k€471▼
Current assets29/58€516k€659k▲
Stocks and contracts in progress3€386k€389k▲
Stocks30/36€273k€389k▲
Contracts in progress37€113k-
Amounts receivable within one year40/41€44k€241k▲
Trade receivables40€3k€11k▲
Other amounts receivable41€42k€230k▲
Cash at bank and in hand54/58€84k€25k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€518k€660k▲
Equity10/15€405k€363k▼
Contributions10/11€100k€100k=
Reserves13€304k€263k▼
Tax-exempt reserves132€20k€20k=
Distributable reserves133€284k€243k▼
Profit (loss) carried forward14€641-
Amounts payable17/49€113k€297k▲
Amounts payable after more than one year17-€50k
Financial debts170/4-€50k
Amounts payable within one year42/48€112k€247k▲
Trade debts44€48k€207k▲
Suppliers440/4€48k€207k▲
Taxes, remuneration and social security45€60k€35k▼
Taxes450/3€60k€35k▼
Other amounts payable47/48€4k€5k▲
Accrued charges and deferred income492/3€2k€491▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€721€1k▲
Gross operating margin9900€339k€-5k▼
Operating profit (loss)9901€337k€-7k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€591€980▲
Recurring financial charges65€591€980▲
Profit (loss) for the period before taxes9903€338k€-4k▼
Income taxes67/77€88k-
Profit (loss) for the period9904€249k€-4k▼
Profit (loss) for the period to be appropriated9905€249k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€250k€-4k▼
Profit (loss) brought forward from the previous period14P€182€252▲
Transfer from equity791/2-€4k
Transfer to equity691/2€249k-
To other reserves6921€249k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €144 | - | €598 | €1k | €1k | = |
| Other operating charges640/8 | - | €661 | €5k | €721 | €1k | ▲ 82.1% |
| Gross operating margin9900 | €-19k | €-16k | €90k | €339k | €-5k | ▼ 101% |
| Operating profit (loss)9901 | €-20k | €-16k | €85k | €337k | €-7k | ▼ 102% |
| Financial income75/76B | - | €9k | €9k | €1k | €4k | ▲ 290% |
| Recurring financial income75 | - | €9k | €9k | €1k | €4k | ▲ 290% |
| Financial charges65/66B | - | €59 | €79 | €591 | €980 | ▲ 65.9% |
| Recurring financial charges65 | €71 | €59 | €79 | €591 | €980 | ▲ 65.9% |
| Profit (loss) for the period before taxes9903 | €-20k | €-8k | €94k | €338k | €-4k | ▼ 101% |
| Income taxes67/77 | - | - | €11k | €88k | - | - |
| Profit (loss) for the period9904 | €-20k | €-8k | €83k | €249k | €-4k | ▼ 102% |
| Transfer to tax-exempt reserves689 | - | - | €20k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-8k | €63k | €249k | €-4k | ▼ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129k | €626k | €974k | €518k | €660k | ▲ 27.5% |
| Fixed assets21/28 | €177 | - | €3k | €2k | €802 | ▼ 57.8% |
| Intangible fixed assets21 | - | - | €631 | €481 | €331 | ▼ 31.2% |
| Tangible fixed assets22/27 | €177 | - | €2k | €1k | €471 | ▼ 66.9% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €471 | ▼ 66.9% |
| Current assets29/58 | €129k | €626k | €971k | €516k | €659k | ▲ 27.8% |
| Stocks and contracts in progress3 | €86k | €572k | €882k | €386k | €389k | ▲ 0.9% |
| Stocks30/36 | - | €572k | €851k | €273k | €389k | ▲ 42.4% |
| Contracts in progress37 | - | - | €32k | €113k | - | - |
| Amounts receivable within one year40/41 | €28k | €33k | €45k | €44k | €241k | ▲ 442% |
| Trade receivables40 | - | €227 | €42k | €3k | €11k | ▲ 287% |
| Other amounts receivable41 | - | €32k | €3k | €42k | €230k | ▲ 453% |
| Cash at bank and in hand54/58 | €11k | €12k | €34k | €84k | €25k | ▼ 70.1% |
| Deferred charges and accrued income490/1 | - | €9k | €10k | €2k | €4k | ▲ 156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129k | €626k | €974k | €518k | €660k | ▲ 27.5% |
| Equity10/15 | €80k | €72k | €155k | €405k | €363k | ▼ 10.2% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | - | - | €55k | €304k | €263k | ▼ 13.4% |
| Tax-exempt reserves132 | - | - | €20k | €20k | €20k | = |
| Distributable reserves133 | - | - | €35k | €284k | €243k | ▼ 14.4% |
| Profit (loss) carried forward14 | €-20k | €-28k | €182 | €641 | - | - |
| Amounts payable17/49 | €49k | €554k | €819k | €113k | €297k | ▲ 162% |
| Amounts payable after more than one year17 | - | - | - | - | €50k | - |
| Financial debts170/4 | - | - | - | - | €50k | - |
| Amounts payable within one year42/48 | €49k | €553k | €812k | €112k | €247k | ▲ 121% |
| Financial debts43 | - | €326k | €459k | - | - | - |
| Credit institutions430/8 | - | €326k | €459k | - | - | - |
| Trade debts44 | €24k | €31k | €49k | €48k | €207k | ▲ 335% |
| Suppliers440/4 | - | €31k | €49k | €48k | €207k | ▲ 335% |
| Advances received on contracts in progress46 | - | €39k | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €57k | €60k | €35k | ▼ 41.9% |
| Taxes450/3 | - | - | €57k | €60k | €35k | ▼ 41.9% |
| Other amounts payable47/48 | - | €157k | €246k | €4k | €5k | ▲ 28.5% |
| Accrued charges and deferred income492/3 | - | €1k | €8k | €2k | €491 | ▼ 73.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-8k | €83k | €249k | €-4k | ▼ 102% |
| + Depreciation and write-downs630 | €144 | - | €598 | €1k | €1k | = |
| Operating cash flow (approximation) | €-20k | €-8k | €83k | €251k | €-3k | ▼ 101% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €590 | €22k | €50k | €-59k | ▼ 217% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 427 days late
2023
31-12
Financial
Highest result since 2020net €249k ▲202%
Operating result €337k, net result €249k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.63
Current ratio from 1.20 to 4.63; short-term debt falls from €812k to €112k.
31-12
Financial
Equity above €200kEq €405k ▲161%
2 profitable years in a row build equity to €405k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Back to profitnet €83k
Net result €83k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €155k ▲114%
Equity rises from €72k to €155k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
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, Gent
Ground area
5,728 m²
Building footprint
268 m²
Parcel 44074C0050/00H000, Flanders. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0050/00H000 | Flanders | 5,728 m² | 1 · 268 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,029 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
Founded28-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.