D4
ActiveSummary
D4 has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,934 and a net result of €49,672. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency57▼-30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 5.74 in 2024; short-term debt: 65.5% and cash: 77.7% of total assets), and 68.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
31.5%
Return on assets
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
106 d early
2023
21 d late
2022
31 d early
2021
82 d early
2020
33 d early
2019
32 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 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€258,934▼ 61.0%
2024 · €664,402
Total assets
€821,754▼ 23.7%
2024 · €1.1m
Net result
€49,672▼ 21.0%
2024 · €62,877
Working capital
€185,350▼ 76.1%
2024 · €774,035
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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
Line20212022202320242025
Operating result€206,859▲ 47.5%€300,367▲ 45.2%€184,459▼ 38.6%€90,228▼ 51.1%€83,240▼ 7.7%
Net result€146,304above the sector's middle half▲ 48.2%€209,198above the sector's middle half▲ 43.0%€130,018above the sector's middle half▼ 37.8%€62,877above the sector's middle half▼ 51.6%€49,672above the sector's middle half▼ 21.0%
Equity€436,109above the sector's middle half▲ 40.9%€606,984above the sector's middle half▲ 39.2%€674,783above the sector's middle half▲ 11.2%€664,402above the sector's middle half▼ 1.5%€258,934above the sector's middle half▼ 61.0%
Total assets€515,257above the sector's middle half▲ 40.8%€714,890above the sector's middle half▲ 38.7%€998,255above the sector's middle half▲ 39.6%€1.1mabove the sector's middle half▲ 7.9%€821,754above the sector's middle half▼ 23.7%
Debt€79,148▲ 40.6%€107,907▲ 36.3%€323,472▲ 200%€412,974▲ 27.7%€562,820▲ 36.3%
Working capital€393,214above the sector's middle half▲ 44.9%€552,097above the sector's middle half▲ 40.4%€766,950above the sector's middle half▲ 38.9%€774,035above the sector's middle half▲ 0.9%€185,350above the sector's middle half▼ 76.1%
Solvency84.6%above the sector's middle half=84.9%above the sector's middle half▲ 0.3pp67.6%within the sector's middle half▼ 17.3pp61.7%within the sector's middle half▼ 5.9pp31.5%within the sector's middle half▼ 30.2pp
Current ratio5.97above the sector's middle half▼ 0.476.12above the sector's middle half▲ 0.158.07above the sector's middle half▲ 1.965.74above the sector's middle half▼ 2.331.34within the sector's middle half▼ 4.40
Return on assets (ROA)28.4%above the sector's middle half▲ 1.4pp29.3%above the sector's middle half▲ 0.9pp13.0%within the sector's middle half▼ 16.2pp5.8%within the sector's middle half▼ 7.2pp6.0%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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 has fallen three years in a row; 2025 is 8% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €821,754
Fixed assets
€98,272 ▼ 29.9%
Current assets
€723,482 ▼ 22.8%
Equity and liabilities €821,754
Equity
€258,934 ▼ 61.0%
Debt
€562,820 ▲ 36.3%
Debt's share of the balance-sheet total rises from 38.3% to 68.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€110,053▼
2024 · €119,788
Cash flow
€76,485▼
2024 · €92,438
Debt to equity
2.17▲
2024 · 0.62
ROE
19.2%▲
2024 · 9.5%
Interest coverage
6.37▼
2024 · 10.20
Debt ≤ 1 year
€538,132▲
2024 · €163,212
Debt > 1 year
€22,332▼
2024 · €248,647
Income taxes
€19,556▼
2024 · €23,198
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24,734 | €10,744 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,145 | €9,245 | €18,333 | €29,560 | €26,813 | ▼ 9.3% |
| Other operating charges640/8 | €1,055 | €1,084 | €1,148 | €3,053 | €4,239 | ▲ 38.9% |
| Gross operating margin9900 | €211,059 | €310,697 | €203,940 | €122,841 | €114,292 | ▼ 7.0% |
| Operating profit (loss)9901 | €206,859 | €300,367 | €184,459 | €90,228 | €83,240 | ▼ 7.7% |
| Financial income75/76B | €2,608 | €1,655 | €4,669 | €7,591 | €3,265 | ▼ 57.0% |
| Recurring financial income75 | €2,608 | €1,655 | €4,669 | €7,591 | €3,265 | ▼ 57.0% |
| Financial charges65/66B | €723 | €821 | €3,926 | €11,743 | €17,277 | ▲ 47.1% |
| Recurring financial charges65 | €723 | €821 | €3,926 | €11,743 | €17,277 | ▲ 47.1% |
| Profit (loss) for the period before taxes9903 | €208,743 | €301,200 | €185,202 | €86,076 | €69,228 | ▼ 19.6% |
| Income taxes67/77 | €62,439 | €92,003 | €55,185 | €23,198 | €19,556 | ▼ 15.7% |
| Profit (loss) for the period9904 | €146,304 | €209,198 | €130,018 | €62,877 | €49,672 | ▼ 21.0% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €146,304 | €209,198 | €130,018 | €62,877 | €49,672 | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €515,257 | €714,890 | €998,255 | €1.1m | €821,754 | ▼ 23.7% |
| Fixed assets21/28 | €42,895 | €54,901 | €122,868 | €140,129 | €98,272 | ▼ 29.9% |
| Tangible fixed assets22/27 | €16,770 | €28,776 | €96,742 | €114,004 | €72,147 | ▼ 36.7% |
| Plant, machinery and equipment23 | €918 | €4,932 | €2,874 | €1,021 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,242 | €10,472 | €78,631 | €99,305 | €60,027 | ▼ 39.6% |
| Other tangible fixed assets26 | €14,610 | €13,372 | €15,237 | €13,678 | €12,120 | ▼ 11.4% |
| Financial fixed assets28 | €26,126 | €26,126 | €26,126 | €26,126 | €26,126 | = |
| Current assets29/58 | €472,362 | €659,989 | €875,387 | €937,246 | €723,482 | ▼ 22.8% |
| Amounts receivable after more than one year29 | €50,000 | €41,667 | €183,333 | €55,000 | €16,667 | ▼ 69.7% |
| Other amounts receivable291 | €50,000 | €41,667 | €183,333 | €55,000 | €16,667 | ▼ 69.7% |
| Stocks and contracts in progress3 | - | - | €629,440 | €670,330 | €0 | ▼ 100% |
| Stocks30/36 | - | - | €605,000 | €605,000 | €0 | ▼ 100% |
| Contracts in progress37 | - | - | €24,440 | €65,330 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €119,340 | €25,117 | €33,294 | €26,900 | €32,612 | ▲ 21.2% |
| Trade receivables40 | €108,606 | €9,526 | €5,023 | €1,634 | €3,920 | ▲ 140% |
| Other amounts receivable41 | €10,734 | €15,591 | €28,271 | €25,266 | €28,692 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €285,647 | €578,663 | €14,315 | €176,659 | €638,233 | ▲ 261% |
| Deferred charges and accrued income490/1 | €17,376 | €14,542 | €15,005 | €8,358 | €35,970 | ▲ 330% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €515,257 | €714,890 | €998,255 | €1.1m | €821,754 | ▼ 23.7% |
| Equity10/15 | €436,109 | €606,984 | €674,783 | €664,402 | €258,934 | ▼ 61.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €423,709 | €594,584 | €662,383 | €652,002 | €246,534 | ▼ 62.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €421,849 | €592,724 | €662,383 | €652,002 | €246,534 | ▼ 62.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €79,148 | €107,907 | €323,472 | €412,974 | €562,820 | ▲ 36.3% |
| Amounts payable after more than one year17 | - | - | €215,035 | €248,647 | €22,332 | ▼ 91.0% |
| Financial debts170/4 | - | - | €215,035 | €248,647 | €22,332 | ▼ 91.0% |
| Amounts payable within one year42/48 | €79,148 | €107,892 | €108,437 | €163,212 | €538,132 | ▲ 230% |
| Current portion of amounts payable after more than one year42 | €0 | - | €22,451 | €31,796 | €21,981 | ▼ 30.9% |
| Financial debts43 | €11,387 | €0 | - | €6,363 | €0 | ▼ 100% |
| Credit institutions430/8 | €11,387 | €0 | - | €6,363 | €0 | ▼ 100% |
| Trade debts44 | €7,161 | €1,999 | €1,758 | €5,635 | €6,783 | ▲ 20.4% |
| Suppliers440/4 | €7,161 | €1,999 | €1,758 | €5,635 | €6,783 | ▲ 20.4% |
| Taxes, remuneration and social security45 | €41,293 | €67,570 | €22,010 | €25,482 | €26,005 | ▲ 2.1% |
| Taxes450/3 | €41,293 | €67,570 | €22,010 | €25,482 | €26,005 | ▲ 2.1% |
| Other amounts payable47/48 | €19,307 | €38,323 | €62,219 | €93,937 | €483,363 | ▲ 415% |
| Accrued charges and deferred income492/3 | €0 | €15 | €0 | €1,115 | €2,355 | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,304 | €209,198 | €130,018 | €62,877 | €49,672 | ▼ 21.0% |
| + Depreciation and write-downs630 | €3,145 | €9,245 | €18,333 | €29,560 | €26,813 | ▼ 9.3% |
| Operating cash flow (approximation) | €149,449 | €218,443 | €148,350 | €92,438 | €76,485 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€21,251 | -€86,299 | -€46,822 | €15,044 | ▲ 132% |
| Change in cash | - | €293,016 | -€564,348 | €162,344 | €461,574 | ▲ 184% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €49,672 ▼21%
Net result drops to €49,672, the lowest in the series.
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €209,198 ▲43%
Operating result €300,367, net result €209,198, both a record.
31-12
Financial
Equity above €500,000Eq €606,984 ▲39.2%
5 profitable years in a row build equity to €606,984.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €217,001 ▲50.1%
2 profitable years in a row build equity to €217,001.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
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 7 acts read
About the unread acts
We know of 7 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
7 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, Kasterlee · 1 establishment unit since 2003
Ground area
2,151 m²
Building footprint
228 m²
Volume, LiDAR
759 m³
Parcel 13018E0228/00S022, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Snepkenshof 2, 2460 Kasterlee
since 20032.133.134.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018E0228/00S022 | Flanders | 2,151 m² | 1 · 228 m² | 11.7 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
50%
-
25%
-
25%
According to the 2025 annual accounts of D4 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 263 EUR awarded · 263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 263 EUR | 263 EUR |
Similar companies · same sector, comparable size
NOTAWEST
BE 0478.601.661
Westerlo · Eq €255,624
IMMO GOMES
BE 0447.989.154
Braine-l'Alleud · Eq €249,995
Notaris Thibault Van Belle
BE 0888.146.153
Lievegem · Eq €249,366
NOTARIS VINCENT TALLON
BE 0473.968.427
Geetbets · Eq €272,747
MEURIS, CLAES & DE COCK
BE 0478.937.795
Scherpenheuvel-Zichem · Eq €274,379
Of 686 companies in sector 74112 we hold annual accounts for 312. 245 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
Founded01-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
41001General construction of residential buildings
68122Development of non-residential building projects
71209Other technical testing and analysis
73110Advertising agencies
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860298740
Also
9925:BE0860298740
Registered
12-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.