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D.C. Properties

Active
Public limited companyfounded 201114 yrs activeWaterlelielaan 1, 9032 Gent, BelgiumKBO/BCE: BE 0842.016.121
Summary

D.C. Properties has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of -€58,406. Equity is growing by ~48.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability19▼-2
Solvency56▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.44 in 2023; short-term debt: 61.8% and cash: 0% of total assets), and 68.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
31.2%
Return on assets
-1.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€58,406
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
53 d late
2023
30 d late
2022
29 d late
2021
17 d late
2020
19 d late
2019
58 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

D.C. Properties was incorporated on 19 December 2011.1 Total assets rose from EUR 216,230 in 2018 to EUR 3.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€1.0m▼ 5.5%
2023 · €1.1m
Total assets
€3.2m▲ 31.4%
2023 · €2.5m
Net result
-€58,406▼ 118%
2023 · -€26,798
Working capital
€487,472▼ 5.4%
2023 · €515,077
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€7,565-€5,173▲ 31.6%-€5,190▼ 0.3%-€5,260▼ 1.4%-€709▲ 86.5%
Net result€4,957▼ 97.7%-€7,275-€11,056▼ 52.0%-€26,798▼ 142%-€58,406▼ 118%
Equity€308,524▲ 1.6%€1.1m▲ 257%€1.1m▼ 1.0%€1.1m▼ 2.5%€1.0m▼ 5.5%
Total assets€653,878▲ 63.3%€1.5m▲ 127%€1.8m▲ 21.1%€2.5m▲ 36.7%€3.2m▲ 31.4%
Debt€264,439▲ 25,712%€299,519▲ 13.3%€626,250▲ 109%€1.3m▲ 110%€2.1m▲ 63.2%
Working capital€391,368▲ 8.2%€385,285▼ 1.6%€392,869▲ 2.0%€515,077▲ 31.1%€487,472▼ 5.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: -€7,565-€7,565Net result 2020: €4,957€4,957Operating result 2021: -€5,173-€5,173Net result 2021: -€7,275-€7,275Operating result 2022: -€5,190-€5,190Net result 2022: -€11,056-€11,056Operating result 2023: -€5,260-€5,260Net result 2023: -€26,798-€26,798Operating result 2024: -€709-€709Net result 2024: -€58,406-€58,40620202021202220232024-€60,000-€40,000-€20,000€0Operating result 2022: -€5,190-€5,190Net result 2022: -€11,056-€11,100Operating result 2023: -€5,260-€5,260Net result 2023: -€26,798-€26,800Operating result 2024: -€709-€709Net result 2024: -€58,406-€58,400202220232024
The operating result stays negative: a loss of €709 in 2024 against €5,260 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets €742,543 ▼ 2.4%
Current assets €2.5m ▲ 46.6%
Equity and liabilities €3.2m
Equity €1.0m ▼ 5.5%
Provisions €73,532 ▼ 3.2%
Debt €2.1m ▲ 63.2%
Debt's share of the balance-sheet total rises from 53.6% to 66.5%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€18,981▲
2023 · €14,134
Cash flow
-€38,716▼
2023 · -€7,404
Current ratio
1.24▼
2023 · 1.44
Quick ratio
0.09▼
2023 · 0.15
Debt to equity
2.13▲
2023 · 1.24
ROE
-5.8%▼
2023 · -2.5%
ROA
-1.8%▼
2023 · -1.1%
Interest coverage
0.29▼
2023 · 0.49
Debt ≤ 1 year
€2.0m▲
2023 · €1.2m
Debt > 1 year
€133,800=
2023 · €133,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.5m€3.2m▲
Fixed assets21/28€761,000€742,543▼
Tangible fixed assets22/27€761,000€742,543▼
Land and buildings22€761,000€741,606▼
Plant, machinery and equipment23-€937
Current assets29/58€1.7m€2.5m▲
Stocks and contracts in progress3€1.5m€2.3m▲
Stocks30/36€1.5m€2.3m▲
Amounts receivable within one year40/41€163,141€177,048▲
Other amounts receivable41€163,141€177,048▲
Cash at bank and in hand54/58€2,989€907▼
Deferred charges and accrued income490/1€6,146€6,677▲
Equity and liabilities
Total equity and liabilities10/49€2.5m€3.2m▲
Equity10/15€1.1m€1.0m▼
Contributions10/11€880,000€880,000=
Capital10€880,000€880,000=
Issued capital100€880,000€880,000=
Reserves13€228,926€221,570▼
Non-distributable reserves130/1€583€583=
Legal reserve130€583€583=
Tax-exempt reserves132€228,343€220,987▼
Profit (loss) carried forward14-€45,530-€96,581▼
Provisions and deferred taxes16€75,984€73,532▼
Deferred taxes168€75,984€73,532▼
Amounts payable17/49€1.3m€2.1m▲
Amounts payable after more than one year17€133,800€133,800=
Financial debts170/4€133,800€133,800=
Amounts payable within one year42/48€1.2m€2.0m▲
Financial debts43€1.1m€1.1m=
Credit institutions430/8€1.1m€1.1m=
Trade debts44€743€559,677▲
Suppliers440/4€743€559,677▲
Taxes, remuneration and social security45-€158,444
Taxes450/3-€158,444
Other amounts payable47/48€118,084€216,072▲
Accrued charges and deferred income492/3€2,898€17,694▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,394€19,690▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€806-
Other operating charges640/8€2,219€2,262▲
Gross operating margin9900€15,547€21,243▲
Operating profit (loss)9901-€5,260-€709▲
Financial income75/76B€4,861€5,079▲
Recurring financial income75€4,861€5,079▲
Financial charges65/66B€28,850€65,228▲
Recurring financial charges65€28,850€65,228▲
Profit (loss) for the period before taxes9903-€29,249-€60,858▼
Transfer from deferred taxes780€2,452€2,452=
Profit (loss) for the period9904-€26,798-€58,406▼
Transfer from tax-exempt reserves789€7,356€7,356=
Profit (loss) for the period to be appropriated9905-€19,442-€51,050▼
Appropriation of the result
Profit (loss) to be appropriated9906-€45,530-€96,581▼
Profit (loss) brought forward from the previous period14P-€26,089-€45,530▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€213€19,394€19,394€19,690▲ 1.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€3,518-€3,350-€806--
Other operating charges640/8-€2,636€4,792€2,219€2,262▲ 1.9%
Gross operating margin9900-€7,127-€5,842€15,646€15,547€21,243▲ 36.6%
Operating profit (loss)9901-€7,565-€5,173-€5,190-€5,260-€709▲ 86.5%
Financial income75/76B-€2,492€5,016€4,861€5,079▲ 4.5%
Recurring financial income75€2,486€2,492€5,016€4,861€5,079▲ 4.5%
Financial charges65/66B-€4,622€13,335€28,850€65,228▲ 126%
Recurring financial charges65€4,787€4,622€13,335€28,850€65,228▲ 126%
Profit (loss) for the period before taxes9903-€9,866-€7,302-€13,508-€29,249-€60,858▼ 108%
Transfer from deferred taxes780-€27€2,452€2,452€2,452=
Profit (loss) for the period9904€4,957-€7,275-€11,056-€26,798-€58,406▼ 118%
Transfer from tax-exempt reserves789-€81€7,356€7,356€7,356=
Profit (loss) for the period to be appropriated9905-€9,866-€7,195-€3,701-€19,442-€51,050▼ 163%
Line20202021202220232024Change
Assets
Total assets20/58€653,878€1.5m€1.8m€2.5m€3.2m▲ 31.4%
Fixed assets21/28-€799,787€780,394€761,000€742,543▼ 2.4%
Tangible fixed assets22/27-€799,787€780,394€761,000€742,543▼ 2.4%
Land and buildings22-€799,787€780,394€761,000€741,606▼ 2.5%
Plant, machinery and equipment23----€937-
Current assets29/58€653,878€681,868€1.0m€1.7m€2.5m▲ 46.6%
Stocks and contracts in progress3€394,603€427,103€756,589€1.5m€2.3m▲ 51.0%
Stocks30/36-€427,103€756,589€1.5m€2.3m▲ 51.0%
Amounts receivable within one year40/41€247,372€249,229€251,118€163,141€177,048▲ 8.5%
Trade receivables40--€900---
Other amounts receivable41-€249,229€250,218€163,141€177,048▲ 8.5%
Cash at bank and in hand54/58€9,382€3,020€1,029€2,989€907▼ 69.7%
Deferred charges and accrued income490/1-€2,515€5,749€6,146€6,677▲ 8.6%
Equity and liabilities
Total equity and liabilities10/49€653,878€1.5m€1.8m€2.5m€3.2m▲ 31.4%
Equity10/15€308,524€1.1m€1.1m€1.1m€1.0m▼ 5.5%
Contributions10/11€80,000€880,000€880,000€880,000€880,000=
Capital10-€880,000€880,000€880,000€880,000=
Issued capital100-€880,000€880,000€880,000€880,000=
Reserves13€243,718€243,637€236,281€228,926€221,570▼ 3.2%
Non-distributable reserves130/1-€583€583€583€583=
Legal reserve130-€583€583€583€583=
Tax-exempt reserves132-€243,054€235,699€228,343€220,987▼ 3.2%
Profit (loss) carried forward14-€15,194-€22,388-€26,089-€45,530-€96,581▼ 112%
Provisions and deferred taxes16€80,914€80,887€78,435€75,984€73,532▼ 3.2%
Deferred taxes168-€80,887€78,435€75,984€73,532▼ 3.2%
Amounts payable17/49€264,439€299,519€626,250€1.3m€2.1m▲ 63.2%
Amounts payable after more than one year17---€133,800€133,800=
Financial debts170/4---€133,800€133,800=
Amounts payable within one year42/48€262,510€296,583€621,616€1.2m€2.0m▲ 69.3%
Financial debts43-€262,000€522,000€1.1m€1.1m=
Credit institutions430/8-€262,000€522,000€1.1m€1.1m=
Trade debts44€510€865€119€743€559,677▲ 75,260%
Suppliers440/4-€865€119€743€559,677▲ 75,260%
Taxes, remuneration and social security45-€2,168--€158,444-
Taxes450/3-€2,168--€158,444-
Other amounts payable47/48-€31,550€99,497€118,084€216,072▲ 83.0%
Accrued charges and deferred income492/3-€2,935€4,634€2,898€17,694▲ 511%
Line20202021202220232024Change
Profit (loss) for the period9904€4,957-€7,275-€11,056-€26,798-€58,406▼ 118%
+ Depreciation and write-downs630-€213€19,394€19,394€19,690▲ 1.5%
Operating cash flow (approximation)€4,957-€7,063€8,337-€7,404-€38,716▼ 423%
Investment in fixed assets (approximation)--€0€0-€1,233-
Change in cash--€6,362-€1,992€1,961-€2,083▼ 206%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
22-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 53 days late
2024
31-12
Financial Weakest financial yearnet -€58,406
Net result drops to -€58,406, the lowest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
17-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial Equity above €1mEq €1.1m ▲257%
Equity rises from €308,524 to €1.1m.
19-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
03-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Highest result since 2018net €211,518 ▲37.7%
Operating result €323,542, net result €211,518, both a record.
31-12
Financial Liquidity times 325current ratio 354.16
Current ratio from 1.09 to 354.16; short-term debt falls from €24,860 to €1,024.
31-12
Financial Equity above €200,000Eq €303,567 ▲230%
2 profitable years in a row build equity to €303,567.
05-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Gent · 1 establishment unit since 2011
seat establishment The establishment unit on the map
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 establishment unit
FORTIMMO
Waterlelielaan 1, 9032 GentOther financial services
since 20112.211.798.750
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44074C0050/00H000
ProtectedMonumentHoeve Dossche: boerenwoningSource ↗
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.

Identification & contact

Identification
Legal formPublic limited company
Founded19-12-2011
Fiscal year end31-12

Scores and ratios are computed by Checked and are not a credit decision.