D3 CONSTRUCT
ActiveSummary
D3 CONSTRUCT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,029 and a net result of €25,216. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+52
Solvency93▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.27 against 3.06 in 2024; short-term debt: 30.6% and cash: 14.6% of total assets), and 31.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
68.3%
Return on assets
15.6%
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
22 d late
2023
28 d early
2022
7 d early
2021
6 d early
2020
9 d early
2019
43 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 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€110,029▲ 29.7%
2024 · €84,814
Total assets
€161,159▲ 25.3%
2024 · €128,613
Net result
€25,216
2024 · -€6,199
Working capital
€111,909▲ 29.2%
2024 · €86,615
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,605▲ 19.8%€21,156▼ 14.0%€11,745▼ 44.5%-€3,438€35,678
Net result€20,592within the sector's middle half▲ 3.0%€14,453within the sector's middle half▼ 29.8%€7,218within the sector's middle half▼ 50.1%-€6,199below the sector's middle half€25,216above the sector's middle half
Equity€69,342within the sector's middle half▲ 42.2%€83,795within the sector's middle half▲ 20.8%€91,013within the sector's middle half▲ 8.6%€84,814within the sector's middle half▼ 6.8%€110,029within the sector's middle half▲ 29.7%
Total assets€113,272within the sector's middle half▲ 31.5%€112,306within the sector's middle half▼ 0.9%€137,187within the sector's middle half▲ 22.2%€128,613within the sector's middle half▼ 6.3%€161,159within the sector's middle half▲ 25.3%
Debt€43,930▲ 17.4%€28,511▼ 35.1%€46,174▲ 62.0%€43,799▼ 5.1%€51,130▲ 16.7%
Working capital€69,606within the sector's middle half▲ 42.8%€84,288above the sector's middle half▲ 21.1%€92,559above the sector's middle half▲ 9.8%€86,615above the sector's middle half▼ 6.4%€111,909above the sector's middle half▲ 29.2%
Solvency61.2%above the sector's middle half▲ 4.6pp74.6%above the sector's middle half▲ 13.4pp66.3%above the sector's middle half▼ 8.3pp65.9%above the sector's middle half▼ 0.4pp68.3%above the sector's middle half▲ 2.3pp
Current ratio2.63within the sector's middle half▲ 0.334.08above the sector's middle half▲ 1.443.07above the sector's middle half▼ 1.013.06above the sector's middle half▼ 0.013.27above the sector's middle half▲ 0.21
Return on assets (ROA)18.2%above the sector's middle half▼ 5.0pp12.9%above the sector's middle half▼ 5.3pp5.3%within the sector's middle half▼ 7.6pp-4.8%below the sector's middle half▼ 10.1pp15.6%above the sector's middle half▲ 20.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,678 after a loss of €3,438 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €161,159
Equity
€110,029 ▲ 29.7%
Debt
€51,130 ▲ 16.7%
Debt's share of the balance-sheet total falls from 34.1% to 31.7%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.63▲
2024 · 0.58
Debt to equity
0.46▼
2024 · 0.52
ROE
22.9%▲
2024 · -7.3%
Debt ≤ 1 year
€49,249▲
2024 · €41,998
Income taxes
€7,580
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 31,371 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €220 | €433 | - | - | - | - |
| Other operating charges640/8 | €873 | €433 | €549 | €348 | €117 | ▼ 66.4% |
| Gross operating margin9900 | €25,697 | €22,022 | €12,294 | -€3,090 | €35,795 | ▲ 1,258% |
| Operating profit (loss)9901 | €24,605 | €21,156 | €11,745 | -€3,438 | €35,678 | ▲ 1,138% |
| Financial income75/76B | €0 | €0 | - | €0 | €2 | ▲ 778% |
| Recurring financial income75 | €0 | €0 | - | €0 | €2 | ▲ 778% |
| Financial charges65/66B | €1,436 | €1,239 | €1,651 | €2,762 | €2,885 | ▲ 4.5% |
| Recurring financial charges65 | €1,436 | €1,239 | €1,651 | €2,762 | €2,885 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €23,169 | €19,917 | €10,095 | -€6,199 | €32,796 | ▲ 629% |
| Income taxes67/77 | €2,577 | €5,464 | €2,877 | - | €7,580 | - |
| Profit (loss) for the period9904 | €20,592 | €14,453 | €7,218 | -€6,199 | €25,216 | ▲ 507% |
| Profit (loss) for the period to be appropriated9905 | €20,592 | €14,453 | €7,218 | -€6,199 | €25,216 | ▲ 507% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,272 | €112,306 | €137,187 | €128,613 | €161,159 | ▲ 25.3% |
| Fixed assets21/28 | €1,080 | €647 | - | - | - | - |
| Tangible fixed assets22/27 | €1,080 | €647 | - | - | - | - |
| Furniture and vehicles24 | €1,080 | €647 | - | - | - | - |
| Current assets29/58 | €112,192 | €111,659 | €137,187 | €128,613 | €161,159 | ▲ 25.3% |
| Stocks and contracts in progress3 | €70,000 | €71,405 | €93,677 | €104,382 | €130,261 | ▲ 24.8% |
| Stocks30/36 | €70,000 | €71,405 | €93,677 | €104,382 | €130,261 | ▲ 24.8% |
| Amounts receivable within one year40/41 | €11,294 | €308 | €2,720 | €12,151 | €6,872 | ▼ 43.4% |
| Trade receivables40 | €10,913 | - | - | €10,095 | €6,000 | ▼ 40.6% |
| Other amounts receivable41 | €381 | €308 | €2,720 | €2,056 | €872 | ▼ 57.6% |
| Cash at bank and in hand54/58 | €30,898 | €39,742 | €37,088 | €11,176 | €23,463 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | €204 | €3,702 | €903 | €563 | ▼ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,272 | €112,306 | €137,187 | €128,613 | €161,159 | ▲ 25.3% |
| Equity10/15 | €69,342 | €83,795 | €91,013 | €84,814 | €110,029 | ▲ 29.7% |
| Contributions10/11 | €59,296 | €59,296 | €59,296 | €59,296 | €59,296 | = |
| Reserves13 | €10,046 | €24,499 | €31,717 | €31,717 | €50,733 | ▲ 60.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €8,187 | €22,640 | €29,858 | €29,858 | €48,874 | ▲ 63.7% |
| Profit (loss) carried forward14 | - | - | - | -€6,199 | €0 | ▲ 100% |
| Amounts payable17/49 | €43,930 | €28,511 | €46,174 | €43,799 | €51,130 | ▲ 16.7% |
| Amounts payable within one year42/48 | €42,586 | €27,371 | €44,628 | €41,998 | €49,249 | ▲ 17.3% |
| Trade debts44 | €10,246 | €384 | €11,226 | €2,580 | €265 | ▼ 89.7% |
| Suppliers440/4 | €10,246 | €384 | €11,226 | €2,580 | €265 | ▼ 89.7% |
| Taxes, remuneration and social security45 | €3,057 | €264 | €5,877 | €2,772 | €9,758 | ▲ 252% |
| Taxes450/3 | €3,057 | €264 | €5,877 | €2,772 | €9,758 | ▲ 252% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | €29,283 | €26,724 | €27,525 | €36,646 | €39,227 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | €1,344 | €1,140 | €1,546 | €1,801 | €1,880 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,592 | €14,453 | €7,218 | -€6,199 | €25,216 | ▲ 507% |
| + Depreciation and write-downs630 | €220 | €433 | - | - | - | - |
| Operating cash flow (approximation) | €20,812 | €14,886 | €7,218 | -€6,199 | €25,216 | ▲ 507% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €8,844 | -€2,654 | -€25,911 | €12,287 | ▲ 147% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €25,216
Net result €25,216 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,029 ▲29.7%
Equity rises from €84,814 to €110,029.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€6,199
Net result drops to -€6,199, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11,943
Net result €11,943 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 1992
Ground area
754 m²
Building footprint
188 m²
Volume, LiDAR
2,944 m³
2 parcels, Wallonia · tallest building 26.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Université 47, 4000 Liège
since 19922.056.726.731
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62007A0975/00L000 | Wallonia | 631 m² | 1 · 91 m² | 8.4 m · 2 fl. |
| 62063A0884/00Y000 | Wallonia | 123 m² | 1 · 96 m² | 26.7 m · 8 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 3,220 companies in this sector we hold annual accounts for 740. 540 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446403995
Also
9925:BE0446403995
Registered
23-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.