- D Projects
ActiveSummary
The annual accounts of - D Projects for fiscal year 2025 show a net loss of 69% of total assets and of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €32k and a net result of €-60k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 27965 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency62▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.91 against 3.94 in 2024; short-term debt: 47.1% and cash: 0% of total assets), but 62.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : 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 · 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
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
37.4%
Return on assets
-68.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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
52 d late
2024
29 d late
2023
20 d early
2022
7 d early
2021
10 d late
2020
8 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€115k
EBIT margin
16.2%
Net result
€-60k
2024 · €62k
Working capital
€37k▼ 60.0%
2024 · €93k
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
Line20212022202320242025
Turnover
Operating result€17k▼ 39.7%€28k▲ 63.0%€-62k€63k€-63k
Net result€17k▼ 28.2%€22k▲ 26.3%€-62k€62k€-60k
EBIT margin
Equity€71k▲ 32.2%€92k▲ 30.7%€30k▼ 67.3%€92k▲ 205%€32k▼ 64.8%
Total assets€150k▲ 127%€199k▲ 32.8%€140k▼ 29.8%€145k▲ 3.8%€87k▼ 40.3%
Debt€79k▲ 530%€107k▲ 34.7%€110k▲ 2.6%€53k▼ 51.6%€54k▲ 2.1%
Working capital€66k▲ 23.3%€87k▲ 31.7%€28k▼ 68.0%€93k▲ 233%€37k▼ 60.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €63k after €63k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€9k ▼ 58.1%
Current assets
€78k ▼ 37.3%
Equity and liabilities €87k
Equity
€32k ▼ 64.8%
Debt
€54k ▲ 2.1%
Debt's share of the balance-sheet total rises from 36.6% to 62.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-51k▼
2024 · €75k
Cash flow
€-47k▼
2024 · €74k
Current ratio
1.91▼
2024 · 3.94
Debt to equity
1.68▲
2024 · 0.58
ROE
-184.2%▼
2024 · 67.2%
ROA
-68.9%▼
2024 · 42.6%
Interest coverage
-36.87▼
2024 · 34.06
Debt ≤ 1 year
€41k▲
2024 · €32k
Debt > 1 year
€13k▼
2024 · €22k
Income taxes
€0▼
2024 · €2k
Staff costs
€0▼
2024 · €267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €1k | €0 | - | - |
| Remuneration, social security and pensions62 | €479 | €308 | €116 | €267 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | €12k | €12k | €12k | = |
| Other operating charges640/8 | €844 | €1k | €1k | €789 | €1k | ▲ 60.4% |
| Gross operating margin9900 | €22k | €41k | €-48k | €77k | €-50k | ▼ 165% |
| Operating profit (loss)9901 | €17k | €28k | €-62k | €63k | €-63k | ▼ 200% |
| Financial income75/76B | €2k | €2k | €2k | €3k | €5k | ▲ 97.5% |
| Recurring financial income75 | €2k | €2k | €2k | €3k | €5k | ▲ 97.5% |
| Financial charges65/66B | €491 | €3k | €2k | €2k | €1k | ▼ 37.6% |
| Recurring financial charges65 | €491 | €3k | €2k | €2k | €1k | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €18k | €27k | €-62k | €64k | €-60k | ▼ 194% |
| Income taxes67/77 | €891 | €6k | €0 | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €17k | €22k | €-62k | €62k | €-60k | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €17k | €22k | €-62k | €62k | €-60k | ▼ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150k | €199k | €140k | €145k | €87k | ▼ 40.3% |
| Fixed assets21/28 | €54k | €45k | €33k | €21k | €9k | ▼ 58.1% |
| Tangible fixed assets22/27 | €54k | €45k | €33k | €21k | €9k | ▼ 58.1% |
| Furniture and vehicles24 | €54k | €45k | €33k | €21k | €9k | ▼ 58.1% |
| Current assets29/58 | €96k | €154k | €107k | €124k | €78k | ▼ 37.3% |
| Amounts receivable within one year40/41 | €93k | €141k | €81k | €119k | €77k | ▼ 35.8% |
| Trade receivables40 | €39k | €109k | €34k | €75k | €40k | ▼ 46.4% |
| Other amounts receivable41 | €53k | €33k | €47k | €44k | €36k | ▼ 17.6% |
| Cash at bank and in hand54/58 | €3k | €10k | €24k | €2k | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €187 | €2k | €2k | €3k | €1k | ▼ 55.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150k | €199k | €140k | €145k | €87k | ▼ 40.3% |
| Equity10/15 | €71k | €92k | €30k | €92k | €32k | ▼ 64.8% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | €59k | €81k | €81k | €81k | €21k | ▼ 74.1% |
| Non-distributable reserves130/1 | €905 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €905 | €0 | - | - | - | - |
| Distributable reserves133 | €58k | €81k | €81k | €81k | €21k | ▼ 74.1% |
| Profit (loss) carried forward14 | - | - | €-62k | €-327 | €0 | ▲ 100% |
| Amounts payable17/49 | €79k | €107k | €110k | €53k | €54k | ▲ 2.1% |
| Amounts payable after more than one year17 | €49k | €40k | €31k | €22k | €13k | ▼ 37.6% |
| Financial debts170/4 | €49k | €40k | €31k | €22k | €13k | ▼ 37.6% |
| Amounts payable within one year42/48 | €31k | €67k | €79k | €32k | €41k | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | €9k | €8k | ▼ 12.3% |
| Financial debts43 | - | - | - | - | €15k | - |
| Credit institutions430/8 | - | - | - | - | €15k | - |
| Trade debts44 | €19k | €54k | €66k | €13k | €2k | ▼ 86.2% |
| Suppliers440/4 | €19k | €54k | €66k | €13k | €2k | ▼ 86.2% |
| Taxes, remuneration and social security45 | €3k | €1k | €2k | €8k | €14k | ▲ 90.6% |
| Taxes450/3 | €3k | €1k | €2k | €8k | €14k | ▲ 90.6% |
| Other amounts payable47/48 | - | €3k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €22k | €-62k | €62k | €-60k | ▼ 196% |
| + Depreciation and write-downs630 | €4k | €12k | €12k | €12k | €12k | = |
| Operating cash flow (approximation) | €21k | €34k | €-50k | €74k | €-47k | ▼ 164% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €0 | - |
| Change in cash | - | €7k | €13k | €-21k | €-2k | ▲ 89.7% |
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
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.94
Current ratio from 1.35 to 3.94; short-term debt falls from €79k to €32k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.24
Current ratio from 1.68 to 5.24; short-term debt falls from €44k to €13k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 101 days late
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Voeren · 1 establishment unit since 2018
Ground area
843 m²
Building footprint
203 m²
Volume, LiDAR
1,011 m³
Parcel 73054B0036/00P000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Batticestraat 75, 3790 Voeren
since 20182.271.276.279
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73054B0036/00P000 | Flanders | 843 m² | 1 · 203 m² | 9.8 m · 1 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.
Similar companies · same sector, comparable size
ARTE FINESTRA
BE 0461.472.847
Braine-le-Comte · Eq €32,390
JOHN GUILMAIN
BE 0849.616.466
Marchin · Eq €32,393
VIP SOLUTIONS
BE 0863.683.545
Ciney · Eq €32,409
TIELEMANS PATRICK
BE 0771.914.221
Peer · Eq €32,345
Antwerps Atelier
BE 0413.484.571
Antwerpen · Eq €32,427
Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 6,897 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
Founded21-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.