DAKALEX
ActiveSummary
DAKALEX has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,989 and a net result of €10,748. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 13% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-4
Solvency36▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.89 in 2024; short-term debt: 42.1% and cash: 1.6% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Five 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
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
10.7%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7967 sector peers (2025).
NBB · sector comparisonPosition among 7967 sector peers
Solvency
better than 13%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
8 d early
2022
21 d late
2021
30 d late
2020
24 d late
2019
17 d late
← 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 12 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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€172,989▼ 13.6%
2024 · €200,132
Total assets
€1.6m▲ 15.7%
2024 · €1.4m
Net result
€10,748▼ 4.0%
2024 · €11,201
Working capital
-€140,687▼ 126%
2024 · -€62,247
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,812▼ 52.5%€119,269▲ 287%€103,930▼ 12.9%€50,844▼ 51.1%€63,279▲ 24.5%
Net result€10,070within the sector's middle half▼ 73.4%€83,872within the sector's middle half▲ 733%€50,198within the sector's middle half▼ 40.1%€11,201within the sector's middle half▼ 77.7%€10,748within the sector's middle half▼ 4.0%
Equity€115,270within the sector's middle half▲ 9.6%€181,641within the sector's middle half▲ 57.6%€231,839within the sector's middle half▲ 27.6%€200,132within the sector's middle half▼ 13.7%€172,989within the sector's middle half▼ 13.6%
Total assets€845,249above the sector's middle half▲ 2.1%€1.2mwithin the sector's middle half▲ 39.2%€1.1mwithin the sector's middle half▼ 7.4%€1.4mwithin the sector's middle half▲ 28.0%€1.6mabove the sector's middle half▲ 15.7%
Debt€729,980▲ 1.0%€994,920▲ 36.3%€857,239▼ 13.8%€1.2m▲ 39.3%€1.4m▲ 20.6%
Working capital€9,449within the sector's middle half-€17,768below the sector's middle half-€11,417below the sector's middle half▲ 35.7%-€62,247below the sector's middle half▼ 445%-€140,687below the sector's middle half▼ 126%
Solvency13.6%below the sector's middle half▲ 0.9pp15.4%below the sector's middle half▲ 1.8pp21.3%below the sector's middle half▲ 5.8pp14.4%below the sector's middle half▼ 6.9pp10.7%below the sector's middle half▼ 3.6pp
Current ratio1.04below the sector's middle half▲ 0.250.95below the sector's middle half▼ 0.090.96below the sector's middle half▲ 0.020.89below the sector's middle half▼ 0.070.79below the sector's middle half▼ 0.10
Return on assets (ROA)1.2%within the sector's middle half▼ 3.4pp7.1%within the sector's middle half▲ 5.9pp4.6%within the sector's middle half▼ 2.5pp0.8%below the sector's middle half▼ 3.8pp0.7%within the sector's middle half▼ 0.1pp
Staff (FTE)4.3▲ 72.0%6.7within the sector's middle half▲ 55.8%7.8within the sector's middle half▲ 16.4%10.1above the sector's middle half▲ 29.5%12.2above the sector's middle half▲ 20.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.1m ▲ 20.4%
Current assets
€538,785 ▲ 7.4%
Equity and liabilities €1.6m
Equity
€172,989 ▼ 13.6%
Debt
€1.4m ▲ 20.6%
Debt's share of the balance-sheet total rises from 85.6% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€270,689▲
2024 · €229,212
Cash flow
€218,159▲
2024 · €189,569
Quick ratio
0.52▼
2024 · 0.69
Debt to equity
8.33▲
2024 · 5.97
ROE
6.2%▲
2024 · 5.6%
Interest coverage
5.60▼
2024 · 6.53
Debt ≤ 1 year
€679,472▲
2024 · €563,869
Debt > 1 year
€758,824▲
2024 · €618,562
Income taxes
€4,617▼
2024 · €7,791
Staff costs
€681,442▲
2024 · €527,523
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 4,681 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 | €34,500 | - | - | €3,075 | €17,045 | ▲ 454% |
| Remuneration, social security and pensions62 | €118,102 | €213,922 | €329,435 | €527,523 | €681,442 | ▲ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,039 | €143,533 | €152,570 | €178,368 | €207,410 | ▲ 16.3% |
| Other operating charges640/8 | €5,954 | €2,354 | €3,209 | €4,820 | €3,157 | ▼ 34.5% |
| Non-recurring operating charges66A | €5,949 | - | - | €739 | - | - |
| Gross operating margin9900 | €253,856 | €479,077 | €589,144 | €762,294 | €955,288 | ▲ 25.3% |
| Operating profit (loss)9901 | €30,812 | €119,269 | €103,930 | €50,844 | €63,279 | ▲ 24.5% |
| Financial income75/76B | €2,953 | €3,715 | €5,301 | €3,225 | €441 | ▼ 86.3% |
| Recurring financial income75 | €2,953 | €3,715 | €5,301 | €3,225 | €441 | ▼ 86.3% |
| Financial charges65/66B | €15,957 | €27,125 | €28,184 | €35,076 | €48,354 | ▲ 37.9% |
| Recurring financial charges65 | €15,957 | €27,125 | €28,184 | €35,076 | €48,354 | ▲ 37.9% |
| Profit (loss) for the period before taxes9903 | €17,807 | €95,859 | €81,048 | €18,992 | €15,365 | ▼ 19.1% |
| Income taxes67/77 | €7,737 | €11,987 | €30,850 | €7,791 | €4,617 | ▼ 40.7% |
| Profit (loss) for the period9904 | €10,070 | €83,872 | €50,198 | €11,201 | €10,748 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €10,070 | €83,872 | €50,198 | €11,201 | €10,748 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €845,249 | €1.2m | €1.1m | €1.4m | €1.6m | ▲ 15.7% |
| Fixed assets21/28 | €596,735 | €857,773 | €797,917 | €892,807 | €1.1m | ▲ 20.4% |
| Intangible fixed assets21 | - | - | - | €11,308 | €6,182 | ▼ 45.3% |
| Tangible fixed assets22/27 | €596,580 | €857,618 | €797,762 | €881,344 | €1.1m | ▲ 21.2% |
| Land and buildings22 | €391,553 | €385,647 | €377,066 | €433,380 | €498,753 | ▲ 15.1% |
| Plant, machinery and equipment23 | €22,652 | €26,153 | €23,531 | €77,331 | €105,550 | ▲ 36.5% |
| Furniture and vehicles24 | €18,712 | €21,798 | €53,143 | €39,482 | €20,235 | ▼ 48.7% |
| Leasing and similar rights25 | €161,019 | €422,697 | €344,023 | €331,150 | €443,743 | ▲ 34.0% |
| Other tangible fixed assets26 | €2,645 | €1,322 | - | - | - | - |
| Financial fixed assets28 | €155 | €155 | €155 | €155 | €155 | = |
| Current assets29/58 | €248,514 | €318,789 | €291,161 | €501,622 | €538,785 | ▲ 7.4% |
| Stocks and contracts in progress3 | €18,925 | €39,550 | €38,777 | €115,000 | €186,000 | ▲ 61.7% |
| Stocks30/36 | €18,925 | €39,550 | €38,777 | €115,000 | €186,000 | ▲ 61.7% |
| Amounts receivable within one year40/41 | €166,093 | €216,355 | €235,331 | €376,118 | €297,755 | ▼ 20.8% |
| Trade receivables40 | €124,217 | €130,485 | €96,003 | €218,883 | €99,217 | ▼ 54.7% |
| Other amounts receivable41 | €41,876 | €85,870 | €139,329 | €157,235 | €198,538 | ▲ 26.3% |
| Cash at bank and in hand54/58 | €29,869 | €62,884 | €9,872 | €1,619 | €25,064 | ▲ 1,448% |
| Deferred charges and accrued income490/1 | €33,627 | - | €7,180 | €8,886 | €29,966 | ▲ 237% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €845,249 | €1.2m | €1.1m | €1.4m | €1.6m | ▲ 15.7% |
| Equity10/15 | €115,270 | €181,641 | €231,839 | €200,132 | €172,989 | ▼ 13.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €92,729 | €159,101 | €209,299 | €177,592 | €150,448 | ▼ 15.3% |
| Distributable reserves133 | €92,729 | €159,101 | €209,299 | €177,592 | €150,448 | ▼ 15.3% |
| Profit (loss) carried forward14 | €3,948 | €3,948 | €3,948 | €3,948 | €3,948 | = |
| Amounts payable17/49 | €729,980 | €994,920 | €857,239 | €1.2m | €1.4m | ▲ 20.6% |
| Amounts payable after more than one year17 | €490,914 | €658,363 | €554,412 | €618,562 | €758,824 | ▲ 22.7% |
| Financial debts170/4 | €490,914 | €658,363 | €554,412 | €618,562 | €758,824 | ▲ 22.7% |
| Amounts payable within one year42/48 | €239,066 | €336,556 | €302,577 | €563,869 | €679,472 | ▲ 20.5% |
| Current portion of amounts payable after more than one year42 | €107,342 | €157,675 | €137,155 | €196,875 | €180,142 | ▼ 8.5% |
| Financial debts43 | €43,943 | €2,069 | €52,092 | €55,233 | €156,974 | ▲ 184% |
| Credit institutions430/8 | €43,943 | €2,069 | €52,092 | €55,233 | €156,974 | ▲ 184% |
| Trade debts44 | €64,339 | €157,582 | €102,389 | €250,151 | €303,985 | ▲ 21.5% |
| Suppliers440/4 | €64,339 | €157,582 | €102,389 | €250,151 | €303,985 | ▲ 21.5% |
| Taxes, remuneration and social security45 | €23,441 | €19,230 | €10,941 | €18,701 | €479 | ▼ 97.4% |
| Taxes450/3 | €16,827 | €8,153 | €10,941 | €347 | €479 | ▲ 38.0% |
| Remuneration and social security454/9 | €6,614 | €11,077 | - | €18,354 | - | - |
| Other amounts payable47/48 | - | - | - | €42,908 | €37,892 | ▼ 11.7% |
| Accrued charges and deferred income492/3 | - | - | €250 | €11,866 | €2,119 | ▼ 82.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,070 | €83,872 | €50,198 | €11,201 | €10,748 | ▼ 4.0% |
| + Depreciation and write-downs630 | €93,039 | €143,533 | €152,570 | €178,368 | €207,410 | ▲ 16.3% |
| Operating cash flow (approximation) | €103,109 | €227,405 | €202,768 | €189,569 | €218,159 | ▲ 15.1% |
| Investment in fixed assets (approximation) | - | -€404,570 | -€92,715 | -€273,257 | -€389,222 | ▼ 42.4% |
| Change in cash | - | €33,015 | -€53,012 | -€8,253 | €23,445 | ▲ 384% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €231,839 ▲27.6%
6 profitable years in a row build equity to €231,839.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €83,872 ▲733%
Operating result €119,269, net result €83,872, both a record.
31-12
Financial
Equity above €150,000Eq €181,641 ▲57.6%
5 profitable years in a row build equity to €181,641.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Equity above €100,000Eq €105,199 ▲56.3%
3 profitable years in a row build equity to €105,199.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2016
Ground area
1,214 m²
Building footprint
350 m²
Volume, LiDAR
2,103 m³
Parcel 42023A1913/00G000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DAKALEX
since 20162.263.535.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1913/00G000 | Flanders | 1,214 m² | 1 · 350 m² | 6.8 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.
Structure & network
Owners and holdings
3 ownersOwners 3
- Alex Ruebensnatural personSourceown accounts 202560%
- Andro Ruebensnatural personSourceown accounts 202520%
- Delano Ruebensnatural personSourceown accounts 202520%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of DAKALEX 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.
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,388 EUR awarded · 4,669 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 625 EUR | 921 EUR |
| 2024 | 1 | 1,040 EUR | 1,109 EUR |
| 2023 | 2 | 2,048 EUR | 1,964 EUR |
| 2022 | 1 | 675 EUR | 675 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedDakdekker leien en pannen (so)
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Of 11,128 companies in this sector we hold annual accounts for 5,494. 4,652 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-01-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43910Bricklaying and masonry work
43990Other specialised construction activities
47551Retail sale of household furniture
47559Retail sale of other household articles
81220Other building cleaning and industrial cleaning
Contact
Website
www.dakalex.be
E-mail
info@dakalex.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454157364
Also
9925:BE0454157364
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.