D.S. CONSTRUCT
ActiveSummary
D.S. CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,882 and a net result of €180,163. Equity is growing by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 2202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency100▲+40
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 5.48 against 1.74 in 2024; short-term debt: 14.5% and cash: 74.7% of total assets), and 25.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.8%
Return on assets
62.4%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
58 d early
2023
58 d early
2022
56 d early
2021
54 d early
2020
57 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€215,882▲ 504%
2024 · €35,719
Total assets
€288,728▲ 184%
2024 · €101,810
Net result
€180,163▲ 1,419%
2024 · €11,858
Working capital
€188,012▲ 846%
2024 · €19,875
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
Operating result€5,064▼ 47.0%€5,076▲ 0.2%€17,672▲ 248%€18,473▲ 4.5%€235,576▲ 1,175%
Net result€4,836▼ 48.0%€3,704▼ 23.4%€11,739▲ 217%€11,858▲ 1.0%€180,163▲ 1,419%
Equity€8,417▲ 135%€12,121▲ 44.0%€23,861▲ 96.9%€35,719▲ 49.7%€215,882▲ 504%
Total assets€31,371▼ 14.9%€34,790▲ 10.9%€158,665▲ 356%€101,810▼ 35.8%€288,728▲ 184%
Debt€22,954▼ 31.0%€22,669▼ 1.2%€134,804▲ 495%€66,091▼ 51.0%€72,846▲ 10.2%
Working capital€1,029€12,121▲ 1,078%€1,679▼ 86.1%€19,875▲ 1,084%€188,012▲ 846%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1,175% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288,728
Fixed assets
€58,793 ▲ 6.6%
Current assets
€229,935 ▲ 393%
Equity and liabilities €288,728
Equity
€215,882 ▲ 504%
Debt
€72,846 ▲ 10.2%
Debt's share of the balance-sheet total falls from 64.9% to 25.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€251,381▲
2024 · €32,852
Cash flow
€195,969▲
2024 · €26,237
Current ratio
5.48▲
2024 · 1.74
Debt to equity
0.34▼
2024 · 1.85
ROE
83.5%▲
2024 · 33.2%
ROA
62.4%▲
2024 · 11.6%
Interest coverage
119.96▲
2024 · 13.62
Debt ≤ 1 year
€41,922▲
2024 · €26,758
Debt > 1 year
€30,923▼
2024 · €39,333
Income taxes
€53,318▲
2024 · €4,203
Staff costs
€199
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €199 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,490 | €9,490 | €10,990 | €14,379 | €15,805 | ▲ 9.9% |
| Other operating charges640/8 | €864 | €1,209 | €1,628 | €490 | €1,334 | ▲ 173% |
| Gross operating margin9900 | €15,417 | €15,774 | €30,290 | €33,342 | €252,914 | ▲ 659% |
| Operating profit (loss)9901 | €5,064 | €5,076 | €17,672 | €18,473 | €235,576 | ▲ 1,175% |
| Financial income75/76B | €10 | €60 | €7 | - | €1 | - |
| Recurring financial income75 | €10 | €60 | €7 | - | €1 | - |
| Financial charges65/66B | €238 | €142 | €1,889 | €2,412 | €2,096 | ▼ 13.1% |
| Recurring financial charges65 | €238 | €142 | €1,889 | €2,412 | €2,096 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €4,836 | €4,994 | €15,791 | €16,062 | €233,481 | ▲ 1,354% |
| Income taxes67/77 | - | €1,290 | €4,051 | €4,203 | €53,318 | ▲ 1,169% |
| Profit (loss) for the period9904 | €4,836 | €3,704 | €11,739 | €11,858 | €180,163 | ▲ 1,419% |
| Profit (loss) for the period to be appropriated9905 | €4,836 | €3,704 | €11,739 | €11,858 | €180,163 | ▲ 1,419% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,371 | €34,790 | €158,665 | €101,810 | €288,728 | ▲ 184% |
| Fixed assets21/28 | €9,490 | - | €69,556 | €55,177 | €58,793 | ▲ 6.6% |
| Tangible fixed assets22/27 | €9,490 | - | €69,556 | €55,177 | €58,793 | ▲ 6.6% |
| Furniture and vehicles24 | €9,490 | - | €69,556 | €55,177 | €58,793 | ▲ 6.6% |
| Current assets29/58 | €21,881 | €34,790 | €89,109 | €46,633 | €229,935 | ▲ 393% |
| Amounts receivable within one year40/41 | €14,246 | €21,083 | €87,000 | €19,757 | €13,494 | ▼ 31.7% |
| Trade receivables40 | €7,383 | €19,175 | €76,115 | €11,040 | €11,861 | ▲ 7.4% |
| Other amounts receivable41 | €6,863 | €1,908 | €10,885 | €8,717 | €1,633 | ▼ 81.3% |
| Cash at bank and in hand54/58 | €7,635 | €13,707 | €2,108 | €26,876 | €215,714 | ▲ 703% |
| Deferred charges and accrued income490/1 | - | - | - | - | €727 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,371 | €34,790 | €158,665 | €101,810 | €288,728 | ▲ 184% |
| Equity10/15 | €8,417 | €12,121 | €23,861 | €35,719 | €215,882 | ▲ 504% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €542 | €542 | €11,461 | €23,319 | €203,482 | ▲ 773% |
| Non-distributable reserves130/1 | €542 | €542 | €542 | €542 | €542 | = |
| Reserves not available under the articles1311 | €542 | €542 | €542 | €542 | €542 | = |
| Distributable reserves133 | - | - | €10,918 | €22,777 | €202,940 | ▲ 791% |
| Profit (loss) carried forward14 | -€4,525 | -€821 | - | - | - | - |
| Amounts payable17/49 | €22,954 | €22,669 | €134,804 | €66,091 | €72,846 | ▲ 10.2% |
| Amounts payable after more than one year17 | €2,101 | - | €47,375 | €39,333 | €30,923 | ▼ 21.4% |
| Financial debts170/4 | €2,101 | - | €47,375 | €39,333 | €30,923 | ▼ 21.4% |
| Amounts payable within one year42/48 | €20,852 | €22,669 | €87,430 | €26,758 | €41,922 | ▲ 56.7% |
| Current portion of amounts payable after more than one year42 | €4,973 | €2,101 | €7,688 | €8,041 | €8,410 | ▲ 4.6% |
| Trade debts44 | €1,070 | €1,014 | €53,888 | €89 | €2,426 | ▲ 2,635% |
| Suppliers440/4 | €1,070 | €1,014 | €53,888 | €89 | €2,426 | ▲ 2,635% |
| Taxes, remuneration and social security45 | €1,150 | €3,940 | €11,533 | €6,853 | €20,856 | ▲ 204% |
| Taxes450/3 | - | €1,290 | €4,083 | €4,203 | €20,856 | ▲ 396% |
| Remuneration and social security454/9 | €1,150 | €2,650 | €7,450 | €2,650 | - | - |
| Other amounts payable47/48 | €13,660 | €15,614 | €14,320 | €11,775 | €10,229 | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,836 | €3,704 | €11,739 | €11,858 | €180,163 | ▲ 1,419% |
| + Depreciation and write-downs630 | €9,490 | €9,490 | €10,990 | €14,379 | €15,805 | ▲ 9.9% |
| Operating cash flow (approximation) | €14,326 | €13,194 | €22,729 | €26,237 | €195,969 | ▲ 647% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€19,421 | - |
| Change in cash | - | €6,072 | -€11,599 | €24,768 | €188,837 | ▲ 662% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €180,163 ▲1,419%
Operating result €235,576, net result €180,163, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.48
Current ratio from 1.74 to 5.48.
31-12
Financial
Equity above €200,000Eq €215,882 ▲504%
6 profitable years in a row build equity to €215,882.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €9,302
Net result €9,302 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€24,203
Net result drops to -€24,203, the lowest in the series; recovery starts the following year.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
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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, Diest · 1 establishment unit since 2016
Ground area
450 m²
Building footprint
89 m²
Volume, LiDAR
658 m³
Parcel 24020B0158/00S000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
D.S. Construct
since 20162.251.923.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020B0158/00S000 | Flanders | 450 m² | 1 · 89 m² | 11.9 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 16,039. 11,908 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
Founded11-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.