Daenens Construct
ActiveSummary
The annual accounts of Daenens Construct for fiscal year 2025 show a net loss of 91% of the equity at the start of that year. The 2025 annual accounts show equity of €13,015 and a net result of -€126,538. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 7868 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-35
Solvency27▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.24 against 0.63 in 2024; short-term debt: 35.7% and cash: 0.1% of total assets), and 97.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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 2025Solvency, return and age of the figures
Solvency
2.4%
Return on assets
-23.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€126,538
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
on the day
2021
21 d late
2020
2 d early
2019
on the day
← 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 16 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€13,015▼ 90.7%
2024 · €139,553
Total assets
€538,075▼ 17.9%
2024 · €655,706
Net result
-€126,538▼ 276%
2024 · -€33,671
Working capital
-€145,415▼ 149%
2024 · -€58,411
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
Line20212022202320242025
Operating result€31,328▼ 49.3%€27,887▼ 11.0%€68,050▲ 144%-€19,385-€95,585▼ 393%
Net result€8,102▼ 82.7%€16,595▲ 105%€38,608▲ 133%-€33,671-€126,538▼ 276%
Equity€118,022▲ 7.4%€134,617▲ 14.1%€173,224▲ 28.7%€139,553▼ 19.4%€13,015▼ 90.7%
Total assets€868,526▼ 0.3%€923,414▲ 6.3%€778,224▼ 15.7%€655,706▼ 15.7%€538,075▼ 17.9%
Debt€750,505▼ 1.4%€788,798▲ 5.1%€605,000▼ 23.3%€516,153▼ 14.7%€525,061▲ 1.7%
Working capital-€60,587▼ 33.9%-€40,595▲ 33.0%-€44,958▼ 10.7%-€58,411▼ 29.9%-€145,415▼ 149%
Staff (FTE)1.11▼ 9.1%0.7▼ 30.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Equity -91% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95,585 in 2025 against €19,385 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538,075
Fixed assets
€491,491 ▼ 11.8%
Current assets
€46,584 ▼ 52.5%
Equity and liabilities €538,075
Equity
€13,015 ▼ 90.7%
Debt
€525,061 ▲ 1.7%
Debt's share of the balance-sheet total rises from 78.7% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€41,086▼
2024 · €38,487
Cash flow
-€72,039▼
2024 · €24,201
Current ratio
0.24▼
2024 · 0.63
Quick ratio
0.20▼
2024 · 0.58
Debt to equity
40.34▲
2024 · 3.70
ROE
-972.3%▼
2024 · -24.1%
ROA
-23.5%▼
2024 · -5.1%
Interest coverage
-1.30▼
2024 · 2.68
Debt ≤ 1 year
€191,999▲
2024 · €156,572
Debt > 1 year
€333,061▼
2024 · €359,581
Staff costs
€39,315▼
2024 · €63,876
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 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% | 1.6% |
| 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 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 644 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €87,148 | €63,876 | €39,315 | ▼ 38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,303 | €50,610 | €58,515 | €57,872 | €54,499 | ▼ 5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €8,198 | €19,641 | €8,307 | €7,013 | ▼ 15.6% |
| Gross operating margin9900 | €88,812 | €86,695 | €233,353 | €110,669 | €5,242 | ▼ 95.3% |
| Operating profit (loss)9901 | €31,328 | €27,887 | €68,050 | -€19,385 | -€95,585 | ▼ 393% |
| Financial income75/76B | - | €2,303 | €731 | €59 | €658 | ▲ 1,023% |
| Recurring financial income75 | €1,324 | €2,303 | €731 | €59 | €658 | ▲ 1,023% |
| Financial charges65/66B | - | €9,684 | €18,499 | €14,345 | €31,611 | ▲ 120% |
| Recurring financial charges65 | €24,096 | €9,684 | €18,499 | €14,345 | €31,611 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €8,556 | €20,505 | €50,282 | -€33,671 | -€126,538 | ▼ 276% |
| Income taxes67/77 | €454 | €3,910 | €11,674 | €0 | - | - |
| Profit (loss) for the period9904 | €8,102 | €16,595 | €38,608 | -€33,671 | -€126,538 | ▼ 276% |
| Profit (loss) for the period to be appropriated9905 | €8,102 | €16,595 | €38,608 | -€33,671 | -€126,538 | ▼ 276% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €868,526 | €923,414 | €778,224 | €655,706 | €538,075 | ▼ 17.9% |
| Fixed assets21/28 | €625,796 | €598,167 | €603,604 | €557,545 | €491,491 | ▼ 11.8% |
| Tangible fixed assets22/27 | €623,296 | €598,167 | €603,604 | €557,545 | €491,491 | ▼ 11.8% |
| Land and buildings22 | - | €556,147 | €522,810 | €491,192 | €461,103 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €18,095 | €35,062 | €33,962 | €19,258 | ▼ 43.3% |
| Furniture and vehicles24 | - | €23,925 | €45,732 | €32,392 | €11,130 | ▼ 65.6% |
| Financial fixed assets28 | €2,500 | €0 | - | - | - | - |
| Current assets29/58 | €242,730 | €325,247 | €174,620 | €98,161 | €46,584 | ▼ 52.5% |
| Stocks and contracts in progress3 | €7,500 | €41,000 | €7,500 | €7,500 | €7,500 | = |
| Stocks30/36 | - | €41,000 | €7,500 | €7,500 | €7,500 | = |
| Amounts receivable within one year40/41 | €231,950 | €274,042 | €150,167 | €26,761 | €35,877 | ▲ 34.1% |
| Trade receivables40 | - | €243,657 | €133,136 | €1,393 | €16,559 | ▲ 1,089% |
| Other amounts receivable41 | - | €30,385 | €17,031 | €25,368 | €19,318 | ▼ 23.8% |
| Cash at bank and in hand54/58 | €96 | €6,431 | €11,071 | €59,658 | €621 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | - | €3,774 | €5,882 | €4,242 | €2,586 | ▼ 39.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €868,526 | €923,414 | €778,224 | €655,706 | €538,075 | ▼ 17.9% |
| Equity10/15 | €118,022 | €134,617 | €173,224 | €139,553 | €13,015 | ▼ 90.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €25,402 | €25,402 | €25,402 | €25,402 | €25,402 | = |
| Non-distributable reserves130/1 | - | €1,034 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,034 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Distributable reserves133 | - | €18,868 | €19,902 | €19,902 | €19,902 | = |
| Profit (loss) carried forward14 | €80,220 | €96,815 | €135,422 | €101,751 | -€24,787 | ▼ 124% |
| Amounts payable17/49 | €750,505 | €788,798 | €605,000 | €516,153 | €525,061 | ▲ 1.7% |
| Amounts payable after more than one year17 | €447,188 | €422,956 | €385,422 | €359,581 | €333,061 | ▼ 7.4% |
| Financial debts170/4 | - | €422,956 | €385,422 | €359,581 | €333,061 | ▼ 7.4% |
| Amounts payable within one year42/48 | €303,317 | €365,842 | €219,578 | €156,572 | €191,999 | ▲ 22.6% |
| Current portion of amounts payable after more than one year42 | - | €24,232 | €25,183 | €25,841 | €26,520 | ▲ 2.6% |
| Financial debts43 | - | - | - | - | €28,855 | - |
| Credit institutions430/8 | - | - | - | - | €28,855 | - |
| Trade debts44 | €176,800 | €175,858 | €144,414 | €77,344 | €66,066 | ▼ 14.6% |
| Suppliers440/4 | - | €175,858 | €144,414 | €77,344 | €66,066 | ▼ 14.6% |
| Advances received on contracts in progress46 | - | €88,240 | €876 | €876 | €876 | = |
| Taxes, remuneration and social security45 | - | €28,664 | €16,235 | €25,202 | €2,200 | ▼ 91.3% |
| Taxes450/3 | - | €24,849 | €11,674 | €13,600 | €2,200 | ▼ 83.8% |
| Remuneration and social security454/9 | - | €3,815 | €4,561 | €11,602 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €48,848 | €32,870 | €27,310 | €67,483 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,102 | €16,595 | €38,608 | -€33,671 | -€126,538 | ▼ 276% |
| + Depreciation and write-downs630 | €54,303 | €50,610 | €58,515 | €57,872 | €54,499 | ▼ 5.8% |
| Operating cash flow (approximation) | €62,404 | €67,205 | €97,122 | €24,201 | -€72,039 | ▼ 398% |
| Investment in fixed assets (approximation) | - | -€22,981 | -€63,952 | -€11,813 | €11,555 | ▲ 198% |
| Change in cash | - | €6,335 | €4,640 | €48,587 | -€59,037 | ▼ 222% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€126,538
Net result drops to -€126,538, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €150,000Eq €173,224 ▲28.7%
5 profitable years in a row build equity to €173,224.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 21 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €46,874 ▲71.2%
Net result €46,874, the highest in the series.
30-06
Financial
Equity above €100,000Eq €109,920 ▲74.3%
2 profitable years in a row build equity to €109,920.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Staden · 1 establishment unit since 2011
Ground area
1,552 m²
Building footprint
197 m²
Volume, LiDAR
995 m³
Parcel 36014D0020/00V000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Daenens Construct
since 20112.205.110.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36014D0020/00V000 | Flanders | 1,552 m² | 1 · 196 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,134 EUR awarded · 4,042 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 684 EUR |
| 2022 | 2 | 4,134 EUR | 3,358 EUR |
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,546 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
Founded09-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
38210Materials recovery from waste
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840942587
Also
9925:BE0840942587
Registered
14-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.