D&S Construct
ActiveSummary
The computed 12-month bankruptcy probability of D&S Construct is 2.1% (moderate). The 2024 annual accounts show equity of €104,583 and a net result of €42,507. Equity is growing by ~62.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 9976 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-8
Solvency47▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.9 against 1.33 in 2023; short-term debt: 51.5% and cash: 14.6% of total assets), but 77.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
22.2%
Return on assets
9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
112 d late
2022
86 d late
2021
150 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 110 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
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Financials · fiscal year 2024, micro schema
Equity
€104,583▲ 68.5%
2023 · €62,076
Total assets
€470,683▲ 114%
2023 · €220,406
Net result
€42,507▲ 26.5%
2023 · €33,593
Working capital
€217,272▲ 314%
2023 · €52,459
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
Line2021202220232024
Operating result€32,923-€9,992▼ 69.7%€54,364▲ 444%€54,026▼ 0.6%
Net result€25,276-€1,207▼ 95.2%€33,593▲ 2,683%€42,507▲ 26.5%
Equity€27,276-€28,483▲ 4.4%€62,076▲ 118%€104,583▲ 68.5%
Total assets€107,767-€166,986▲ 55.0%€220,406▲ 32.0%€470,683▲ 114%
Debt€80,491-€138,503▲ 72.1%€158,330▲ 14.3%€366,100▲ 131%
Working capital€5,287-€16,318▲ 209%€52,459▲ 221%€217,272▲ 314%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €470,683
Fixed assets
€11,111 ▲ 15.5%
Current assets
€459,573 ▲ 118%
Equity and liabilities €470,683
Equity
€104,583 ▲ 68.5%
Debt
€366,100 ▲ 131%
Debt's share of the balance-sheet total rises from 71.8% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,310▼
2023 · €66,086
Cash flow
€48,791▲
2023 · €45,315
Current ratio
1.90▲
2023 · 1.33
Quick ratio
0.77▼
2023 · 1.33
Debt to equity
3.50▲
2023 · 2.55
ROE
40.6%▼
2023 · 54.1%
ROA
9.0%▼
2023 · 15.2%
Interest coverage
158.31▲
2023 · 6.02
Debt ≤ 1 year
€242,300▲
2023 · €158,330
Debt > 1 year
€123,800
Income taxes
€11,138▲
2023 · €9,800
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,902 | €11,054 | €11,722 | €6,284 | ▼ 46.4% |
| Other operating charges640/8 | €4,779 | €1,768 | €2,437 | €2,699 | ▲ 10.8% |
| Gross operating margin9900 | €44,604 | €22,813 | €68,523 | €63,009 | ▼ 8.0% |
| Operating profit (loss)9901 | €32,923 | €9,992 | €54,364 | €54,026 | ▼ 0.6% |
| Financial income75/76B | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - |
| Financial charges65/66B | €401 | €7,402 | €10,971 | €381 | ▼ 96.5% |
| Recurring financial charges65 | €401 | €7,402 | €10,971 | €381 | ▼ 96.5% |
| Profit (loss) for the period before taxes9903 | €32,521 | €2,590 | €43,393 | €53,645 | ▲ 23.6% |
| Income taxes67/77 | €7,245 | €1,383 | €9,800 | €11,138 | ▲ 13.7% |
| Profit (loss) for the period9904 | €25,276 | €1,207 | €33,593 | €42,507 | ▲ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €25,276 | €1,207 | €33,593 | €42,507 | ▲ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €107,767 | €166,986 | €220,406 | €470,683 | ▲ 114% |
| Fixed assets21/28 | €21,989 | €12,165 | €9,616 | €11,111 | ▲ 15.5% |
| Tangible fixed assets22/27 | €21,989 | €12,165 | €9,616 | €11,111 | ▲ 15.5% |
| Plant, machinery and equipment23 | €1,865 | €2,340 | €8,018 | €11,111 | ▲ 38.6% |
| Furniture and vehicles24 | €20,124 | €9,825 | €1,598 | - | - |
| Current assets29/58 | €85,778 | €154,821 | €210,790 | €459,573 | ▲ 118% |
| Stocks and contracts in progress3 | - | - | - | €272,028 | - |
| Stocks30/36 | - | - | - | €272,028 | - |
| Amounts receivable within one year40/41 | €56,527 | €131,679 | €76,292 | €115,224 | ▲ 51.0% |
| Trade receivables40 | €29,799 | €102,978 | €44,127 | €57,714 | ▲ 30.8% |
| Other amounts receivable41 | €26,728 | €28,702 | €32,166 | €57,509 | ▲ 78.8% |
| Cash at bank and in hand54/58 | €29,251 | €23,142 | €134,498 | €68,512 | ▼ 49.1% |
| Deferred charges and accrued income490/1 | - | - | - | €3,809 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €107,767 | €166,986 | €220,406 | €470,683 | ▲ 114% |
| Equity10/15 | €27,276 | €28,483 | €62,076 | €104,583 | ▲ 68.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €60,076 | €102,583 | ▲ 70.8% |
| Distributable reserves133 | - | - | €60,076 | €102,583 | ▲ 70.8% |
| Profit (loss) carried forward14 | €25,276 | €26,483 | - | - | - |
| Amounts payable17/49 | €80,491 | €138,503 | €158,330 | €366,100 | ▲ 131% |
| Amounts payable after more than one year17 | - | - | - | €123,800 | - |
| Financial debts170/4 | - | - | - | €123,800 | - |
| Amounts payable within one year42/48 | €80,491 | €138,503 | €158,330 | €242,300 | ▲ 53.0% |
| Trade debts44 | €4,486 | €45,743 | €31,429 | €65,396 | ▲ 108% |
| Suppliers440/4 | €4,486 | €45,743 | €31,429 | €65,396 | ▲ 108% |
| Taxes, remuneration and social security45 | €36,644 | €19,328 | €50,601 | €100,973 | ▲ 99.5% |
| Taxes450/3 | €7,245 | €8,628 | €9,801 | €44,323 | ▲ 352% |
| Remuneration and social security454/9 | €29,398 | €10,700 | €40,800 | €56,650 | ▲ 38.8% |
| Other amounts payable47/48 | €39,361 | €73,431 | €76,301 | €75,931 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,276 | €1,207 | €33,593 | €42,507 | ▲ 26.5% |
| + Depreciation and write-downs630 | €6,902 | €11,054 | €11,722 | €6,284 | ▼ 46.4% |
| Operating cash flow (approximation) | €32,177 | €12,261 | €45,315 | €48,791 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | -€1,230 | -€9,174 | -€7,778 | ▲ 15.2% |
| Change in cash | - | -€6,109 | €111,356 | -€65,986 | ▼ 159% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2021net €42,507 ▲26.5%
Net result €42,507, the highest in the series.
31-12
Financial
Equity above €100,000Eq €104,583 ▲68.5%
4 profitable years in a row build equity to €104,583.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
31-12
Financial
Weakest financial yearnet €1,207 ▼95.2%
Net result drops to €1,207, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2020
Ground area
738 m²
Building footprint
208 m²
Volume, LiDAR
1,570 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
D&S Construct
since 20202.298.868.920
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0400/00X002 | Flanders | 392 m² | 1 · 121 m² | 12.7 m · 3 fl. |
| 44810K0350/00Y002 | Flanders | 346 m² | 1 · 87 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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. 13,084 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
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42211Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742498772
Also
9925:BE0742498772
Registered
30-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.