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D²Design

Active
Private limited companyfounded 2023active for 3 yearsHuttenstraat 32, 2440 Geel, BelgiumKBO/BCE: BE 0804.100.801
Summary

D²Design has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,419 and a net result of €10,641. Equity is growing by about 57% per year across the filed financial years. Its solvency ranks better than 38% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€95,072total assets 2025
Equity
€34,419
Profit
€10,641
Turnover not published (micro format)
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Accounts 72 days early0 of 1 deed read
Why 68raises riskFounded in 2023Size: total assets €95,072Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.22, cash €22,893Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 64% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 61-4
equity 36.2% of total assets
Liquidity 74+11
short-term debt 19.0% · cash 24.1%
Profitability 83-17
return on assets 11.2%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,585 companies, NACE 43, micro)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 1.3%▲ +0.6 percentage points vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.4%▲ +0.1 percentage points vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.3%▼ -0.1 percentage points vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.4%▲ +0.1 percentage points vs 02-2026 04-2026: 1.3%▼ -0.1 percentage points vs 03-2026 05-2026: 1.4%▲ +0.1 percentage points vs 04-2026highest value 06-2026: 0.9%▼ -0.5 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.22, compared with 2.27 in 2024, above the usual 1.5; short-term debt: 19% and cash: 24.1% of total assets), but 63.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 38% on solvency, 73% on liquidity, 65% on profitability and 81% on growth.

The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 2.22, cash €22,893
NBB · annual accounts
raises risk · Size: total assets €95,072
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 20-05-2026, 72 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
72 days early
2024
64 days early
2023
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 60 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 May (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Highest result from 2023 to 2025net €16,230 ▲257%

Financials · financial year 2025, micro format

Equity
€34,419▲ 44.7%
2024 · €23,779
Total assets
€95,072▲ 60.5%
2024 · €59,219
Net result
€10,641▼ 34.4%
2024 · €16,230
Working capital
€22,031▲ 20.2%
2024 · €18,336
Trend over the years

2023 to 2025, 3 financial years

The operating result falls in 2025; 2025 is 14% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,066 2025 Net result€10,641 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€5,735-€22,288▲ 289%€19,066▼ 14.5%
Net result€4,548within the sector's middle half-€16,230within the sector's middle half▲ 257%€10,641within the sector's middle half▼ 34.4%
Equity€7,548below the sector's middle half-€23,779within the sector's middle half▲ 215%€34,419within the sector's middle half▲ 44.7%
Total assets€17,508below the sector's middle half-€59,219below the sector's middle half▲ 238%€95,072within the sector's middle half▲ 60.5%
Debt€9,960-€35,440▲ 256%€60,653▲ 71.1%
Working capital€7,548within the sector's middle half-€18,336within the sector's middle half▲ 143%€22,031within the sector's middle half▲ 20.2%
Solvency43.1%within the sector's middle half-40.2%within the sector's middle half▼ 3.0pp36.2%within the sector's middle half▼ 4.0pp
Current ratio1.76within the sector's middle half-2.27within the sector's middle half▲ 0.512.22within the sector's middle half▼ 0.05
Return on assets (ROA)26.0%above the sector's middle half-27.4%above the sector's middle half▲ 1.4pp11.2%within the sector's middle half▼ 16.2pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,072
Fixed assets €54,952 ▲ 108%
Current assets €40,120 ▲ 22.4%
Equity and liabilities €95,072
Equity €34,419 ▲ 44.7%
Debt €60,653 ▲ 71.1%
Debt's share of the balance-sheet total rises from 59.8% to 63.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,542▲
2024 · €26,180
Cash flow
€22,116▲
2024 · €20,122
Quick ratio
2.07▲
2024 · 1.84
Debt to equity
1.76▲
2024 · 1.49
ROE
30.9%▼
2024 · 68.3%
Interest coverage
6.46▼
2024 · 14.81
Debt ≤ 1 year
€18,089▲
2024 · €14,429
Debt > 1 year
€42,564▲
2024 · €21,011
Income taxes
€3,859▼
2024 · €4,350
Staff costs
€1,458▼
2024 · €1,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€59,219€95,072▲
Fixed assets21/28€26,453€54,952▲
Tangible fixed assets22/27€26,453€54,952▲
Plant, machinery and equipment23€24,393€22,848▼
Furniture and vehicles24€2,060€317▼
Leasing and similar rights25-€31,787
Current assets29/58€32,765€40,120▲
Stocks and contracts in progress3€6,178€2,743▼
Stocks30/36€6,178€2,743▼
Amounts receivable within one year40/41€16,385€14,485▼
Trade receivables40€14,816€9,700▼
Other amounts receivable41€1,570€4,785▲
Cash at bank and in hand54/58€10,202€22,893▲
Equity and liabilities
Total equity and liabilities10/49€59,219€95,072▲
Equity10/15€23,779€34,419▲
Contributions10/11€3,000€3,000=
Reserves13€20,779€31,419▲
Distributable reserves133€20,779€31,419▲
Amounts payable17/49€35,440€60,653▲
Amounts payable after more than one year17€21,011€42,564▲
Financial debts170/4€21,011€42,564▲
Amounts payable within one year42/48€14,429€18,089▲
Current portion of amounts payable after more than one year42€3,277€9,889▲
Trade debts44€2,589€1,606▼
Suppliers440/4€2,589€1,606▼
Taxes, remuneration and social security45€5,575€4,300▼
Taxes450/3€5,575€4,300▼
Remuneration and social security454/9€0-
Other amounts payable47/48€2,988€2,294▼
Income statement Code20242025
Remuneration, social security and pensions62€1,754€1,458▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,892€11,475▲
Other operating charges640/8€399€1,625▲
Non-recurring operating charges66A-€1,644
Gross operating margin9900€28,332€35,268▲
Operating profit (loss)9901€22,288€19,066▼
Financial income75/76B€60€160▲
Recurring financial income75€60€160▲
Financial charges65/66B€1,768€4,727▲
Recurring financial charges65€1,768€4,727▲
Profit (loss) for the period before taxes9903€20,580€14,500▼
Income taxes67/77€4,350€3,859▼
Profit (loss) for the period9904€16,230€10,641▼
Profit (loss) for the period to be appropriated9905€16,230€10,641▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,230€10,641▼
Transfer to equity691/2€16,230€10,641▼
To other reserves6921€16,230€10,641▼

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

Line202320242025Change
Remuneration, social security and pensions62€489€1,754€1,458▼ 16.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,892€11,475▲ 195%
Other operating charges640/8€710€399€1,625▲ 308%
Non-recurring operating charges66A--€1,644-
Gross operating margin9900€6,934€28,332€35,268▲ 24.5%
Operating profit (loss)9901€5,735€22,288€19,066▼ 14.5%
Financial income75/76B€50€60€160▲ 169%
Recurring financial income75€50€60€160▲ 169%
Financial charges65/66B€52€1,768€4,727▲ 167%
Recurring financial charges65€52€1,768€4,727▲ 167%
Profit (loss) for the period before taxes9903€5,733€20,580€14,500▼ 29.5%
Income taxes67/77€1,185€4,350€3,859▼ 11.3%
Profit (loss) for the period9904€4,548€16,230€10,641▼ 34.4%
Profit (loss) for the period to be appropriated9905€4,548€16,230€10,641▼ 34.4%
Line202320242025Change
Assets
Total assets20/58€17,508€59,219€95,072▲ 60.5%
Fixed assets21/28-€26,453€54,952▲ 108%
Tangible fixed assets22/27-€26,453€54,952▲ 108%
Plant, machinery and equipment23-€24,393€22,848▼ 6.3%
Furniture and vehicles24-€2,060€317▼ 84.6%
Leasing and similar rights25--€31,787-
Current assets29/58€17,508€32,765€40,120▲ 22.4%
Stocks and contracts in progress3€313€6,178€2,743▼ 55.6%
Stocks30/36€313€6,178€2,743▼ 55.6%
Amounts receivable within one year40/41€9,696€16,385€14,485▼ 11.6%
Trade receivables40€9,064€14,816€9,700▼ 34.5%
Other amounts receivable41€631€1,570€4,785▲ 205%
Cash at bank and in hand54/58€7,500€10,202€22,893▲ 124%
Equity and liabilities
Total equity and liabilities10/49€17,508€59,219€95,072▲ 60.5%
Equity10/15€7,548€23,779€34,419▲ 44.7%
Contributions10/11€3,000€3,000€3,000=
Reserves13€4,548€20,779€31,419▲ 51.2%
Distributable reserves133€4,548€20,779€31,419▲ 51.2%
Amounts payable17/49€9,960€35,440€60,653▲ 71.1%
Amounts payable after more than one year17-€21,011€42,564▲ 103%
Financial debts170/4-€21,011€42,564▲ 103%
Amounts payable within one year42/48€9,960€14,429€18,089▲ 25.4%
Current portion of amounts payable after more than one year42-€3,277€9,889▲ 202%
Trade debts44€1,036€2,589€1,606▼ 38.0%
Suppliers440/4€1,036€2,589€1,606▼ 38.0%
Taxes, remuneration and social security45€5,898€5,575€4,300▼ 22.9%
Taxes450/3€2,685€5,575€4,300▼ 22.9%
Remuneration and social security454/9€3,213€0--
Other amounts payable47/48€3,026€2,988€2,294▼ 23.2%
Line202320242025Change
Profit (loss) for the period9904€4,548€16,230€10,641▼ 34.4%
+ Depreciation and write-downs630-€3,892€11,475▲ 195%
Operating cash flow (approximation)€4,548€20,122€22,116▲ 9.9%
Investment in fixed assets (approximation)---€39,974-
Change in cash-€2,702€12,690▲ 370%

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

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 20-05-2026 2026-00115604
31-12-2024 micro format 28-05-2025 2025-00109470
31-12-2023 micro format 18-06-2024 2024-00146533

Similar companies · same sector, comparable size

Of the 19,838 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,198. 7,031 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 18 July 2023, D²Design was incorporated as a private limited company.1 Total assets went from €17,508 in 2023 to €95,072 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
20-05
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
28-05
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial Highest result from 2023 to 2025net €16,230 ▲257%
Operating result €22,288, net result €16,230, both a record.
18-06
NBB filing Annual accounts filed
financial year 2023 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded18-07-2023
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804100801
Also 9925:BE0804100801
Registered 02-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 21 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.100.801

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
902 m²
Building footprint
118 m²
Parcel 13374F0399/00T000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
D²Design
Huttenstraat 32, 2440 GeelJoinery installation
since 2023unit no. 2.347.444.837
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13374F0399/00T000 Flanders 902 m² 1 · 118 m² 0.0 m
How the parcels are linked
Good to know
The parcel matches the address exactly.