D.L. CONSTRUCT
Judicial reorganisationSummary
The file of D.L. CONSTRUCT contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The annual accounts of D.L. CONSTRUCT for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €123,050 and a net result of -€138,378. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 9974 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 21 April 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260017
- Moratorium until
- 21 December 2026
- Delegated judge
- Jean-Marc Wouters
- Official Gazette
- 24-04-2026 (pdf) ↗search the document for 2026/117942
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 21 December 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-12
Solvency56▼-33
Growth52=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 1.51 against 2.81 in 2023; short-term debt: 64.7% and cash: 2% of total assets), but 69.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€138,378
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
218 d late
2022
385 d late
2021
240 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 171 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€138,378▼ 564%
2023 · -€20,843
Working capital
€132,452▼ 48.3%
2023 · €256,060
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,813▼ 77.5%€124,295▲ 382%-€15,097-€42,631▼ 182%-€136,782▼ 221%
Net result€23,180within the sector's middle half▼ 81.1%€138,428above the sector's middle half▲ 497%-€19,172below the sector's middle half-€20,843below the sector's middle half▼ 8.7%-€138,378below the sector's middle half▼ 564%
Equity€163,016within the sector's middle half▲ 16.6%€301,444above the sector's middle half▲ 84.9%€282,271above the sector's middle half▼ 6.4%€261,428above the sector's middle half▼ 7.4%€123,050above the sector's middle half▼ 52.9%
Total assets€278,619within the sector's middle half▲ 37.2%€441,034above the sector's middle half▲ 58.3%€450,706above the sector's middle half▲ 2.2%€408,063above the sector's middle half▼ 9.5%€399,477above the sector's middle half▼ 2.1%
Debt€115,603▲ 82.8%€139,590▲ 20.7%€168,434▲ 20.7%€146,634▼ 12.9%€276,427▲ 88.5%
Working capital€165,461▲ 15.3%€224,195▲ 35.5%€152,417▼ 32.0%€256,060▲ 68.0%€132,452▼ 48.3%
Solvency58.5%above the sector's middle half▼ 10.4pp68.3%above the sector's middle half▲ 9.8pp62.6%within the sector's middle half▼ 5.7pp64.1%within the sector's middle half▲ 1.4pp30.8%within the sector's middle half▼ 33.3pp
Staff (FTE)2below the sector's middle half▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +497% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €136,782 in 2024 against €42,631 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €399,477
Fixed assets
€8,724 ▼ 20.0%
Current assets
€390,753 ▼ 1.6%
Equity and liabilities €399,477
Equity
€123,050 ▼ 52.9%
Debt
€276,427 ▲ 88.5%
Debt's share of the balance-sheet total rises from 35.9% to 69.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€128,278▼
2023 · -€33,737
Cash flow
-€129,874▼
2023 · -€11,949
Current ratio
1.51▼
2023 · 2.81
Debt to equity
2.25▲
2023 · 0.56
ROE
-112.5%▼
2023 · -8.0%
ROA
-34.6%▼
2023 · -5.1%
Interest coverage
-58.71▼
2023 · -31.88
Debt ≤ 1 year
€258,301▲
2023 · €141,097
Debt > 1 year
€12,588
Staff costs
€110,362▲
2023 · €93,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,082 | €32,628 | €93,994 | €110,362 | ▲ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €495 | €1,307 | €8,105 | €8,894 | €8,504 | ▼ 4.4% |
| Other operating charges640/8 | - | €4,128 | €8,281 | €1,636 | €3,690 | ▲ 126% |
| Gross operating margin9900 | €77,900 | €171,813 | €33,917 | €61,893 | -€14,227 | ▼ 123% |
| Operating profit (loss)9901 | €25,813 | €124,295 | -€15,097 | -€42,631 | -€136,782 | ▼ 221% |
| Financial income75/76B | - | €15,750 | €1 | €22,928 | €6,589 | ▼ 71.3% |
| Recurring financial income75 | €1,019 | €1,571 | €1 | €0 | €1 | ▲ 7,800% |
| Non-recurring financial income76B | - | €14,180 | - | €22,928 | €6,588 | ▼ 71.3% |
| Financial charges65/66B | - | €1,618 | €4,076 | €1,139 | €8,185 | ▲ 618% |
| Recurring financial charges65 | €5,331 | €1,618 | €967 | €1,058 | €2,185 | ▲ 106% |
| Non-recurring financial charges66B | - | - | €3,109 | €81 | €6,000 | ▲ 7,283% |
| Profit (loss) for the period before taxes9903 | €37,688 | €138,428 | -€19,172 | -€20,843 | -€138,378 | ▼ 564% |
| Income taxes67/77 | €14,508 | - | - | - | - | - |
| Profit (loss) for the period9904 | €23,180 | €138,428 | -€19,172 | -€20,843 | -€138,378 | ▼ 564% |
| Profit (loss) for the period to be appropriated9905 | €23,180 | €138,428 | -€19,172 | -€20,843 | -€138,378 | ▼ 564% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,619 | €441,034 | €450,706 | €408,063 | €399,477 | ▼ 2.1% |
| Fixed assets21/28 | €3,092 | €82,786 | €135,392 | €10,906 | €8,724 | ▼ 20.0% |
| Tangible fixed assets22/27 | €2,992 | €4,413 | €18,599 | €10,806 | €8,624 | ▼ 20.2% |
| Land and buildings22 | - | - | - | - | €6,322 | - |
| Plant, machinery and equipment23 | - | €3,422 | €3,447 | €2,911 | €1,803 | ▼ 38.1% |
| Furniture and vehicles24 | - | €992 | €15,152 | €7,894 | €498 | ▼ 93.7% |
| Financial fixed assets28 | €100 | €78,372 | €116,793 | €100 | €100 | = |
| Current assets29/58 | €275,527 | €358,248 | €315,313 | €397,157 | €390,753 | ▼ 1.6% |
| Amounts receivable after more than one year29 | - | - | - | €120,631 | €117,832 | ▼ 2.3% |
| Other amounts receivable291 | - | - | - | €120,631 | €117,832 | ▼ 2.3% |
| Stocks and contracts in progress3 | €47,372 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €70,627 | €264,592 | €269,639 | €230,672 | €221,413 | ▼ 4.0% |
| Trade receivables40 | - | €252,657 | €238,671 | €211,368 | €195,125 | ▼ 7.7% |
| Other amounts receivable41 | - | €11,936 | €30,968 | €19,304 | €26,288 | ▲ 36.2% |
| Cash at bank and in hand54/58 | €97,779 | €80,982 | €31,079 | €25,409 | €8,163 | ▼ 67.9% |
| Deferred charges and accrued income490/1 | - | €12,673 | €14,595 | €20,445 | €43,346 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,619 | €441,034 | €450,706 | €408,063 | €399,477 | ▼ 2.1% |
| Equity10/15 | €163,016 | €301,444 | €282,271 | €261,428 | €123,050 | ▼ 52.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €20,460 | - |
| Other1109/19 | - | - | - | - | €20,460 | - |
| Reserves13 | €24,610 | €24,610 | €24,610 | €24,610 | €22,750 | ▼ 7.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | - | €22,750 | €22,750 | €22,750 | €22,750 | = |
| Profit (loss) carried forward14 | €119,806 | €258,234 | €239,061 | €218,218 | €79,840 | ▼ 63.4% |
| Amounts payable17/49 | €115,603 | €139,590 | €168,434 | €146,634 | €276,427 | ▲ 88.5% |
| Amounts payable after more than one year17 | - | - | - | - | €12,588 | - |
| Financial debts170/4 | - | - | - | - | €12,588 | - |
| Amounts payable within one year42/48 | €110,066 | €134,052 | €162,897 | €141,097 | €258,301 | ▲ 83.1% |
| Financial debts43 | - | €475 | €15,908 | €115 | €115 | = |
| Credit institutions430/8 | - | €475 | €15,908 | €115 | €115 | = |
| Trade debts44 | €90,499 | €116,663 | €123,567 | €80,439 | €217,349 | ▲ 170% |
| Suppliers440/4 | - | €116,663 | €123,567 | €80,439 | €217,349 | ▲ 170% |
| Taxes, remuneration and social security45 | - | €16,915 | €23,422 | €60,542 | €40,837 | ▼ 32.5% |
| Taxes450/3 | - | €12,156 | €12,686 | €37,563 | €12,018 | ▼ 68.0% |
| Remuneration and social security454/9 | - | €4,758 | €10,736 | €22,979 | €28,819 | ▲ 25.4% |
| Accrued charges and deferred income492/3 | - | €5,538 | €5,538 | €5,538 | €5,538 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,180 | €138,428 | -€19,172 | -€20,843 | -€138,378 | ▼ 564% |
| + Depreciation and write-downs630 | €495 | €1,307 | €8,105 | €8,894 | €8,504 | ▼ 4.4% |
| Operating cash flow (approximation) | €23,675 | €139,735 | -€11,067 | -€11,949 | -€129,874 | ▼ 987% |
| Investment in fixed assets (approximation) | - | -€81,001 | -€60,712 | €115,593 | -€6,322 | ▼ 105% |
| Change in cash | - | -€16,797 | -€49,903 | -€5,671 | -€17,246 | ▼ 204% |
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
2026
21-08
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 14-08-2026
24-04
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement (SME) · event 21-04-2026
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 218 days late
2024
31-12
Financial
Weakest financial yearnet -€138,378
Net result drops to -€138,378, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 385 days late
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 240 days late
2021
31-12
Financial
Highest result since 2018net €138,428 ▲497%
Operating result €124,295, net result €138,428, both a record.
31-12
Financial
Equity above €200,000Eq €301,444 ▲84.9%
4 profitable years in a row build equity to €301,444.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €150,000Eq €163,016 ▲16.6%
3 profitable years in a row build equity to €163,016.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 3.49
Current ratio from 1.39 to 3.49; short-term debt falls from €59,259 to €57,685.
31-12
Financial
Equity above €100,000Eq €139,836 ▲702%
2 profitable years in a row build equity to €139,836.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herstal · 1 establishment unit since 2013
Ground area
143 m²
Building footprint
51 m²
Volume, LiDAR
457 m³
Parcel 62314F0395/00W000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
D.L. CONSTRUCT
since 20132.222.098.071
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62314F0395/00W000 | Wallonia | 143 m² | 1 · 51 m² | 10.9 m · 3 fl. |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,929 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
Founded27-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536188581
Also
9925:BE0536188581
Registered
16-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.