DAG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of DAG CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €12,205 and a net result of €246. Equity is shrinking by ~25.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 33% of 36377 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+70
Solvency57▲+3
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.75 in 2023; short-term debt: 68.2% and cash: 25.6% of total assets), and 68.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
31.8%
Return on assets
0.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
126 d early
2022
28 d late
2021
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 4 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,205▲ 2.1%
2023 · €11,959
Total assets
€38,343▼ 8.5%
2023 · €41,888
Net result
€246
2023 · -€10,641
Working capital
-€1,274▲ 81.6%
2023 · -€6,926
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
Line2021202220232024
Operating result€24,759--€355-€9,212▼ 2,496%€516
Net result€18,586--€985-€10,641▼ 980%€246
Equity€23,586-€22,600▼ 4.2%€11,959▼ 47.1%€12,205▲ 2.1%
Total assets€39,918-€74,916▲ 87.7%€41,888▼ 44.1%€38,343▼ 8.5%
Debt€16,333-€52,316▲ 220%€29,929▼ 42.8%€26,138▼ 12.7%
Working capital€16,660-€4,131▼ 75.2%-€6,926-€1,274▲ 81.6%
Staff (FTE)0.8
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 2024: €516 after a loss of €9,212 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,343
Fixed assets
€13,480 ▼ 36.3%
Current assets
€24,864 ▲ 19.9%
Equity and liabilities €38,343
Equity
€12,205 ▲ 2.1%
Debt
€26,138 ▼ 12.7%
Debt's share of the balance-sheet total falls from 71.4% to 68.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,182▲
2023 · -€268
Cash flow
€7,912▲
2023 · -€1,697
Current ratio
0.95▲
2023 · 0.75
Quick ratio
0.81▲
2023 · 0.62
Debt to equity
2.14▼
2023 · 2.50
ROE
2.0%▲
2023 · -89.0%
ROA
0.6%▲
2023 · -25.4%
Interest coverage
53.38▲
2023 · -0.29
Debt ≤ 1 year
€26,138▼
2023 · €27,669
Income taxes
€117▼
2023 · €514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €43,451 | €108,986 | - | - | - |
| Remuneration, social security and pensions62 | €6,891 | €36,578 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,652 | €10,227 | €8,944 | €7,666 | ▼ 14.3% |
| Other operating charges640/8 | €161 | €548 | - | €311 | - |
| Gross operating margin9900 | €35,463 | €46,998 | -€268 | €8,493 | ▲ 3,267% |
| Operating profit (loss)9901 | €24,759 | -€355 | -€9,212 | €516 | ▲ 106% |
| Financial income75/76B | €208 | €0 | - | - | - |
| Recurring financial income75 | €208 | €0 | - | - | - |
| Financial charges65/66B | €42 | €630 | €915 | €153 | ▼ 83.3% |
| Recurring financial charges65 | €42 | €630 | €915 | €153 | ▼ 83.3% |
| Profit (loss) for the period before taxes9903 | €24,925 | -€985 | -€10,127 | €363 | ▲ 104% |
| Income taxes67/77 | €6,339 | - | €514 | €117 | ▼ 77.3% |
| Profit (loss) for the period9904 | €18,586 | -€985 | -€10,641 | €246 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €18,586 | -€985 | -€10,641 | €246 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,918 | €74,916 | €41,888 | €38,343 | ▼ 8.5% |
| Fixed assets21/28 | €6,925 | €30,089 | €21,146 | €13,480 | ▼ 36.3% |
| Tangible fixed assets22/27 | €6,925 | €30,089 | €21,146 | €13,480 | ▼ 36.3% |
| Plant, machinery and equipment23 | - | €2,887 | €1,757 | €626 | ▼ 64.4% |
| Furniture and vehicles24 | €6,925 | €27,202 | €19,389 | €12,853 | ▼ 33.7% |
| Current assets29/58 | €32,993 | €44,827 | €20,742 | €24,864 | ▲ 19.9% |
| Stocks and contracts in progress3 | - | €3,700 | €3,700 | €3,700 | = |
| Stocks30/36 | - | €3,700 | €3,700 | €3,700 | = |
| Amounts receivable within one year40/41 | €8,761 | €28,787 | €9,579 | €11,358 | ▲ 18.6% |
| Trade receivables40 | €180 | €8,171 | €3,711 | €2,300 | ▼ 38.0% |
| Other amounts receivable41 | €8,581 | €20,616 | €5,868 | €9,058 | ▲ 54.4% |
| Cash at bank and in hand54/58 | €24,232 | €12,339 | €7,463 | €9,806 | ▲ 31.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,918 | €74,916 | €41,888 | €38,343 | ▼ 8.5% |
| Equity10/15 | €23,586 | €22,600 | €11,959 | €12,205 | ▲ 2.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €18,586 | €17,600 | €6,959 | €7,205 | ▲ 3.5% |
| Amounts payable17/49 | €16,333 | €52,316 | €29,929 | €26,138 | ▼ 12.7% |
| Amounts payable after more than one year17 | - | €11,620 | €2,260 | - | - |
| Financial debts170/4 | - | €11,620 | €2,260 | - | - |
| Amounts payable within one year42/48 | €16,333 | €40,696 | €27,669 | €26,138 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | €9,360 | €9,360 | €1,937 | ▼ 79.3% |
| Trade debts44 | €4,829 | €11,811 | €5,492 | €13,870 | ▲ 153% |
| Suppliers440/4 | €4,829 | €11,811 | €5,492 | €13,870 | ▲ 153% |
| Taxes, remuneration and social security45 | €6,339 | €7,429 | €600 | €287 | ▼ 52.2% |
| Taxes450/3 | €6,339 | €7,429 | €600 | €287 | ▼ 52.2% |
| Other amounts payable47/48 | €5,165 | €12,096 | €12,216 | €10,044 | ▼ 17.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,586 | -€985 | -€10,641 | €246 | ▲ 102% |
| + Depreciation and write-downs630 | €3,652 | €10,227 | €8,944 | €7,666 | ▼ 14.3% |
| Operating cash flow (approximation) | €22,238 | €9,242 | -€1,697 | €7,912 | ▲ 566% |
| Investment in fixed assets (approximation) | - | -€33,391 | €0 | €0 | - |
| Change in cash | - | -€11,893 | -€4,876 | €2,343 | ▲ 148% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €246
Net result €246 after 2 loss-making years.
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,641
Net result drops to -€10,641, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
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
4 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, Liège · 1 establishment unit since 2021
Ground area
217 m²
Building footprint
70 m²
Volume, LiDAR
526 m³
Parcel 62113A0739/00Y000, Wallonia · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DAG CONSTRUCT
since 20212.324.621.628
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113A0739/00Y000 | Wallonia | 217 m² | 1 · 70 m² | 8.5 m · 3 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.
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,772 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
Founded22-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.