D+ CONSTRUCT
ActiveSummary
D+ CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €326k and a net result of €63k. Equity is growing by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79=
Solvency66▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days only on tighter terms
Liquidity ample (current ratio 3.05 against 3.83 in 2023; short-term debt: 17.9% and cash: 12.6% of total assets), but 59.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
40.5%
Return on assets
7.8%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 147 days later.
NBB · 8 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 08-05-2025, 8 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 · 8 filingsDeviation from the deadline
2025
not filed
2024
8 d late
2023
29 d late
2022
1 d late
2021
3 d late
2020
150 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€63k▲ 8.2%
2023 · €58k
2018: €-6k
2019: €27k
2020: €21k
2021: €67k
2022: €51k
2023: €58k
2018 → 2024
Working capital
€295k▲ 43.9%
2023 · €205k
2018: €1k
2019: €26k
2020: €31k
2021: €140k
2022: €89k
2023: €205k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€153k▲ 76.9%€205k▲ 33.6%€263k▲ 28.4%€326k▲ 23.9%
Operating result€31k-€91k▲ 194%€74k▼ 19.0%€87k▲ 17.5%€105k▲ 21.4%
Net result€21k-€67k▲ 211%€51k▼ 22.7%€58k▲ 12.9%€63k▲ 8.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €804k
Fixed assets
€365k ▼ 17.6%
Current assets
€439k ▲ 58.2%
Equity and liabilities €804k
Equity
€326k ▲ 23.9%
Debt
€478k ▲ 4.5%
Debt's share of the balance-sheet total falls from 63.5% to 59.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166k▼
2023 · €168k
Cash flow
€124k▼
2023 · €140k
Current ratio
3.05▼
2023 · 3.83
Debt to equity
1.47▼
2023 · 1.74
ROE
19.3%▼
2023 · 22.1%
ROA
7.8%▼
2023 · 8.1%
Interest coverage
9.97▼
2023 · 27.54
Debt ≤ 1 year
€144k▲
2023 · €72k
Debt > 1 year
€334k▼
2023 · €385k
Income taxes
€26k▲
2023 · €23k
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€721k€804k▲
Fixed assets21/28€443k€365k▼
Intangible fixed assets21€20k€11k▼
Tangible fixed assets22/27€390k€323k▼
Land and buildings22€246k€234k▼
Plant, machinery and equipment23€64k€53k▼
Furniture and vehicles24€80k€36k▼
Financial fixed assets28€33k€31k▼
Current assets29/58€278k€439k▲
Amounts receivable within one year40/41€111k€334k▲
Trade receivables40€106k€329k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€48k€101k▲
Deferred charges and accrued income490/1€118k€4k▼
Equity and liabilities
Total equity and liabilities10/49€721k€804k▲
Equity10/15€263k€326k▲
Contributions10/11€12k€12k=
Reserves13€152k€212k▲
Distributable reserves133€152k€212k▲
Profit (loss) carried forward14€99k€101k▲
Amounts payable17/49€458k€478k▲
Amounts payable after more than one year17€385k€334k▼
Financial debts170/4€385k€334k▼
Amounts payable within one year42/48€72k€144k▲
Current portion of amounts payable after more than one year42€38k€33k▼
Financial debts43€15k€15k=
Credit institutions430/8€15k€15k=
Trade debts44€4k€69k▲
Suppliers440/4€4k€69k▲
Taxes, remuneration and social security45€16k€27k▲
Taxes450/3€16k€27k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€61k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€170k€171k▲
Operating profit (loss)9901€87k€105k▲
Financial income75/76B€1€6▲
Recurring financial income75€1€6▲
Financial charges65/66B€6k€17k▲
Recurring financial charges65€6k€17k▲
Profit (loss) for the period before taxes9903€81k€89k▲
Income taxes67/77€23k€26k▲
Profit (loss) for the period9904€58k€63k▲
Profit (loss) for the period to be appropriated9905€58k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€161k▲
Profit (loss) brought forward from the previous period14P€90k€99k▲
Transfer to equity691/2€50k€60k▲
To other reserves6921€50k€60k▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-09
Financial
Liquidity doublescurrent ratio 3.83
Current ratio from 1.75 to 3.83; short-term debt falls from €118k to €72k.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Equity above €200kEq €205k ▲33.6%
4 profitable years in a row build equity to €205k.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
30-09
Financial
Highest result since 2018net €67k ▲211%
Net result €67k, the highest in the series.
30-09
Financial
Equity above €150kEq €153k ▲76.9%
3 profitable years in a row build equity to €153k.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 2015
Ground area
696 m²
Building footprint
170 m²
Volume, LiDAR
739 m³
Parcel 23001A0050/00Z004, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D+ CONSTRUCT SPRL
since 20152.290.208.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001A0050/00Z004 | Flanders | 696 m² | 1 · 170 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ACEKA
BE 0885.386.306
Eupen · Eq €325,689
QUATAERT DAVID
BE 0480.689.141
De Haan · Eq €325,762
TLFS
BE 0880.049.425
Anderlecht · Eq €325,768
VVKR
BE 0845.188.318
Tinlot · Eq €325,966
VDP & C°
BE 0465.910.794
Sint-Pieters-Leeuw · Eq €325,154
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,274 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2015
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.