Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Short-term debts rose from €3,830 to €22,464.
Four of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).
About 2 in 1,000 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 43, micro). It does better than 61% of them on solvency, 36% on liquidity, 47% on profitability and 52% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-10-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 10,904 companies had the same profile as DAC CONSTRUCT has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of DAC CONSTRUCT itself: 0.2% 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 10,904 companies, not a prediction for DAC CONSTRUCT. 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.
Liquidity is tight, with a current ratio of 1.16 (6.15 in 2024), below the usual 1.5. Short-term debt is 43.7% and cash 13.5% of total assets. 43.7% 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 1 day before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DAC CONSTRUCT Pajottegem | €51,396 | €16,061 | 56.3% | - |
| GM-LAK Grimbergen | €47,819 | €11,992 | 30.2% | - |
| CEZAR CONSTRUCTION Dilbeek | €69,800 | €19,274 | 53.0% | - |
| TH. DORTU Welkenraedt | €58,200 | €20,999 | 19.7% | - |
| Elbra Solutions Antwerp | €59,695 | €21,566 | 44.8% | - |
| B&B HOME CONSTRUCT Morlanwelz | €54,181 | €13,623 | 73.7% | - |
| PAJ Halen | €70,790 | €13,360 | 59.1% | - |
These companies have the same main activity as DAC CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €47,800 and €70,800, founded between 2007 and 2014.
DAC CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €40,815 in 2012 to €16,061 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €69,000 and €250,000.
Higher than 61% of 35,060 companies in 2025.
Higher than 27% of 34,437 companies in 2025.
Higher than 41% of 34,637 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
51,396 | 30,595 | 27,488 | 26,735 | 26,138 | 26,924 | 36,738 | 19,934 | 26,548 | 34,680 | 39,427 | 26,351 | 29,352 | 33,995 | |
21/28 |
25,424 | 7,036 | 6,544 | 6,134 | 7,730 | 9,263 | 11,141 | 3,498 | 6,300 | 11,908 | 13,690 | 2,716 | 1,390 | 4,150 | |
22/27 |
25,024 | 6,636 | 6,144 | 5,734 | 7,330 | 8,863 | 10,741 | 3,098 | 6,300 | 11,908 | 13,690 | 2,716 | 1,390 | 4,150 | |
23 |
3,096 | 5,017 | 5,357 | 1,641 | 1,296 | 375 | 574 | 198 | 750 | 708 | 90 | 552 | 845 | 1,341 | |
24 |
21,928 | 1,620 | 787 | 4,092 | 6,034 | 8,489 | 10,167 | 2,900 | 5,550 | 11,200 | 13,600 | 2,164 | 545 | 2,809 | |
28 |
400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | - | - | - | - | - | - | |
29/58 |
25,972 | 23,559 | 20,944 | 20,602 | 18,407 | 17,661 | 25,597 | 16,437 | 20,249 | 22,773 | 25,737 | 23,635 | 27,963 | 29,845 | |
40/41 |
18,661 | 18,145 | 16,281 | 18,260 | 17,210 | 14,456 | 23,270 | 15,482 | 19,498 | 20,193 | 25,321 | 21,811 | 27,445 | 29,733 | |
40 |
17,659 | 14,708 | 7,075 | 15,010 | 15,812 | 12,150 | 18,964 | 13,576 | 17,660 | 12,660 | 12,104 | 11,150 | 25,621 | 27,787 | |
41 |
1,002 | 3,437 | 9,206 | 3,250 | 1,398 | 2,306 | 4,306 | 1,906 | 1,838 | 7,533 | 13,217 | 10,661 | 1,823 | 1,946 | |
54/58 |
6,913 | 4,748 | 3,758 | 1,038 | 263 | 2,107 | 2,195 | 751 | 751 | 1,867 | 166 | 1,420 | 33 | 112 | |
490/1 |
398 | 665 | 905 | 1,304 | 934 | 1,099 | 132 | 203 | - | 713 | 250 | 404 | 485 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
51,396 | 30,595 | 27,488 | 26,735 | 26,138 | 26,924 | 36,738 | 19,934 | 26,548 | 34,680 | 39,427 | 26,351 | 29,352 | 33,995 | |
10/15 |
28,933 | 26,765 | 22,198 | 20,147 | 18,549 | 17,690 | 17,454 | 17,719 | 16,662 | 22,884 | 20,815 | 14,759 | 11,855 | 9,856 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
20,873 | 18,705 | 14,138 | 12,087 | 10,489 | 9,630 | 9,394 | 9,659 | 8,602 | 14,824 | 12,755 | 6,699 | 3,795 | 1,796 | |
17/49 |
22,464 | 3,830 | 5,290 | 6,588 | 7,589 | 9,234 | 19,284 | 2,215 | 9,886 | 11,797 | 18,613 | 11,593 | 17,497 | 24,139 | |
17 |
- | - | - | - | - | 3,928 | 7,920 | - | - | 3,847 | 7,860 | - | - | - | |
170/4 |
- | - | - | - | - | 3,928 | 7,920 | - | - | 3,847 | 7,860 | - | - | - | |
42/48 |
22,464 | 3,830 | 5,290 | 6,588 | 7,589 | 5,305 | 11,365 | 2,215 | 9,886 | 7,949 | 10,753 | 11,593 | 17,497 | 24,139 | |
42 |
- | - | - | - | 3,928 | 4,142 | 4,132 | - | 3,847 | 4,013 | 3,829 | - | - | - | |
43 |
- | - | - | - | - | - | - | 1,082 | 1,955 | 2,418 | 940 | 2,354 | - | - | |
430/8 |
- | - | - | - | - | - | - | 1,082 | 1,955 | 2,418 | 940 | 2,354 | - | - | |
44 |
0 | 2,274 | 5,026 | 4,416 | 837 | 1,163 | 7,233 | 1,107 | 3,275 | 318 | 1,845 | 2,542 | 10,558 | 2,821 | |
440/4 |
0 | 2,274 | 5,026 | 4,416 | 837 | 1,163 | 7,233 | 1,107 | 3,275 | 318 | 1,845 | 2,542 | 10,558 | 2,821 | |
45 |
964 | 1,556 | 264 | 300 | - | - | - | - | 808 | 1,200 | 4,138 | 1,697 | 1,939 | 1,318 | |
450/3 |
964 | 1,556 | 264 | - | - | - | - | - | 808 | 1,200 | 4,138 | 1,697 | 1,939 | 1,318 | |
454/9 |
- | - | - | 300 | - | - | - | - | - | - | - | - | - | - | |
47/48 |
21,500 | - | - | 1,872 | 2,823 | - | - | 27 | - | - | - | 5,000 | 5,000 | 20,000 | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 165 | - | - | - | |
9900 |
16,061 | 9,502 | 7,069 | 6,702 | 5,280 | 4,059 | 6,004 | 5,119 | 3,439 | 8,638 | 15,615 | 14,548 | 12,607 | 40,815 | |
630 |
12,563 | 3,078 | 4,654 | 3,820 | 3,465 | 3,060 | 5,527 | 3,202 | 3,202 | 4,094 | 6,026 | 2,945 | 4,366 | 7,972 | |
640/8 |
241 | 434 | - | 1,077 | 460 | 300 | 389 | 352 | 3,351 | 581 | 732 | 1,940 | 353 | 7,201 | |
9901 |
3,257 | 5,991 | 2,415 | 1,805 | 1,354 | 700 | 88 | 1,565 | -3,115 | 3,962 | 8,857 | 9,663 | 7,888 | 25,641 | |
75/76B |
- | 0 | 0 | - | 0 | 146 | 0 | 0 | 6 | 0 | - | - | - | 46 | |
75 |
- | 0 | 0 | - | 0 | 146 | 0 | 0 | 6 | 0 | - | - | - | 46 | |
65/66B |
158 | 132 | 100 | 206 | 496 | 609 | 354 | 508 | 3,112 | 1,097 | 509 | 322 | 267 | 713 | |
65 |
158 | 132 | 100 | 206 | 496 | 609 | 354 | 508 | 3,112 | 1,097 | 509 | 322 | 267 | 713 | |
9903 |
3,099 | 5,859 | 2,315 | 1,598 | 859 | 237 | -266 | 1,057 | -6,221 | 2,865 | 8,513 | 9,341 | 7,621 | 24,974 | |
67/77 |
931 | 1,292 | 264 | - | - | - | - | - | - | 796 | 2,457 | 1,438 | 621 | 1,318 | |
9904 |
2,168 | 4,567 | 2,050 | 1,598 | 859 | 237 | -266 | 1,057 | -6,221 | 2,069 | 6,056 | 7,903 | 6,999 | 23,656 | |
9905 |
2,168 | 4,567 | 2,050 | 1,598 | 859 | 237 | -266 | 1,057 | -6,221 | 2,069 | 6,056 | 7,903 | 6,999 | 23,656 | |
| Appropriation of the result | |||||||||||||||
9906 |
20,873 | 18,705 | 14,138 | 12,087 | 10,489 | 9,630 | 9,394 | 9,659 | 8,602 | 14,824 | 12,755 | 11,699 | 8,795 | 23,656 | |
14P |
18,705 | 14,138 | 12,087 | 10,489 | 9,630 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 5,000 | 20,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 5,000 | 20,000 | |
| Document | |||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | micro format | 21-05-2026 | 2026-00116377 | |
| 31-10-2024 | micro format | 28-05-2025 | 2025-00109063 | |
| 31-10-2023 | micro format | 22-06-2024 | 2024-00150929 | |
| 31-10-2022 | micro format | 31-05-2023 | 2023-00099261 | |
| 31-10-2021 | micro format | 20-05-2022 | 2022-20033280 | |
| 31-10-2020 | micro format | 29-04-2021 | 2021-12200589 | |
| 31-10-2019 | micro format | 24-06-2020 | 2020-20000430 | |
| 31-10-2018 | micro format | 31-07-2019 | 2019-41400498 | |
| 31-10-2017 | micro format | 21-06-2018 | 2018-23700324 | |
| 31-10-2016 | full format | 30-05-2017 | 2017-13800034 | |
| 31-10-2015 | full format | 19-05-2016 | 2016-12700059 | |
| 31-10-2014 | full format | 15-06-2015 | 2015-16900041 | |
| 31-10-2013 | full format | 22-05-2014 | 2014-13300270 | |
| 31-10-2012 | full format | 27-06-2013 | 2013-21800513 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15,820 | 9,068 | 7,069 | 5,624 | 4,820 | 3,760 | 5,615 | 4,766 | 87 | 8,056 | 14,882 | 12,608 | 12,254 | 33,614 | ||
| 14,731 | 7,645 | 6,704 | 5,418 | 4,324 | 3,297 | 5,261 | 4,258 | -3,020 | 6,163 | 12,082 | 10,848 | 11,365 | 31,628 | ||
| 30,951 | 3,570 | 5,064 | 2,223 | 1,933 | 1,182 | 13,170 | 400 | 594 | 2,311 | 17,000 | 4,271 | 1,606 | 12,122 | ||
| 2,165 | 990 | 2,720 | 775 | -1,844 | -88 | 1,444 | 0 | -1,116 | 1,701 | -1,254 | 1,387 | -79 | - | ||
| 3,509 | 19,728 | 15,654 | 14,014 | 10,819 | 12,356 | 14,232 | 14,221 | 10,363 | 14,824 | 14,984 | 12,042 | 10,466 | 5,706 | ||
| 56.3% | 87.5% | 80.8% | 75.4% | 71.0% | 65.7% | 47.5% | 88.9% | 62.8% | 66.0% | 52.8% | 56.0% | 40.4% | 29.0% | ||
| 1.16 | 6.15 | 3.96 | 3.13 | 2.43 | 3.33 | 2.25 | 7.42 | 2.05 | 2.86 | 2.39 | 2.04 | 1.60 | 1.24 | ||
| 0.78 | 0.14 | 0.24 | 0.33 | 0.41 | 0.52 | 1.10 | 0.13 | 0.59 | 0.52 | 0.89 | 0.79 | 1.48 | 2.45 | ||
| 7.5% | 17.1% | 9.2% | 7.9% | 4.6% | 1.3% | -1.5% | 6.0% | -37.3% | 9.0% | 29.1% | 53.5% | 59.0% | 240.0% | ||
| 4.2% | 14.9% | 7.5% | 6.0% | 3.3% | 0.9% | -0.7% | 5.3% | -23.4% | 6.0% | 15.4% | 30.0% | 23.8% | 69.6% | ||
| 99.98 | 68.80 | 70.78 | 27.28 | 9.72 | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-10-2025 | 31-10-2024 | 31-10-2023 | 31-10-2022 | 31-10-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,951 | €3,570 | €5,064 | €2,223 | €1,933 |
| €12,563 | €3,078 | €4,654 | €3,820 | €3,465 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 46% lower than in 2024.
Debt's share of the balance-sheet total rises from 12.5% to 43.7%. Equity and debt are higher.
DAC CONSTRUCT has no parent and no holdings in its annual accounts. ANDREICA Vasile Dacian is the only director. DAC CONSTRUCT shares no director with another company.
| Andreica, Vasile (sole trader)
establishment since 02-01-2004 |
founded in 2004 0863.438.273 |
Deadline for the 2026 accounts: 31-05-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Spoorwegstraat 33 registered office 1540 Pajottegem 2553011 Machining of metals | 19-01-2011 | 2.195.003.892 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23032H0239/00E002 | 954 m² | 1 · 161 m² | 9.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0831.991.071
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