Equity
Equity fell by 65% in 3 years.
Equity fell by 65% in 3 years.
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
Of this, €57,837 falls due within a year.
Short-term debts rose from €35,131 to €57,837.
The last five annual accounts were filed 68 to 147 days before the end of the period.
Lower net result than 95% of companies in construction of buildings. Sector median €13,148 · 349 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 33% of them on solvency, 13% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,221 companies had the same profile as DABO has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DABO itself: 2.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for DABO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.85 (1.43 in 2025), below 1. Short-term debt is 72.5% and cash 3.4% of total assets. 73.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 127 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DABO Balen | €79,770 | €17,806 | 26.1% | - |
| JPROTEX Bornem | €72,059 | €16,911 | 90.3% | - |
| Karwei en Bouwwerken GOYVAERTS Lint | €79,932 | €19,998 | -147.2% | - |
| S.C.L. Construct Antoing | €78,896 | €18,540 | -21.7% | - |
| Entreprise de construction Warnant Profondeville | €79,432 | €16,491 | 17.6% | - |
| JUNIOR CONTRACTORS Brakel | €66,591 | €17,462 | 41.7% | - |
| CREA + Assesse | €96,807 | €17,517 | 78.8% | - |
These companies have the same main activity as DABO: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €66,600 and €96,800, founded between 1990 and 1998.
DABO files the micro format. That format states no turnover. The gross margin rose from €13,901 in 2007 to €17,806 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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