DAL-E
ActiveSummary
DAL-E has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247,880 and a net result of -€8,870. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-43
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 4.22 in 2024; short-term debt: 11.8% and cash: 18.6% of total assets), and 32.9% of the assets are financed with debt.
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Signals
Four 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
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
6 d late
2023
30 d late
2022
25 d late
2021
11 d late
2020
11 d late
2019
67 d early
← 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 6 days before 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 11 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€247,880▼ 3.5%
2024 · €256,749
Total assets
€369,170▲ 12.2%
2024 · €328,939
Net result
-€8,870
2024 · €63,352
Working capital
€162,121▼ 3.5%
2024 · €167,991
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,210▼ 55.5%€63,519▲ 214%€36,428▼ 42.6%€85,541▲ 135%€5,169▼ 94.0%
Net result€17,582within the sector's middle half▼ 55.9%€45,782above the sector's middle half▲ 160%€23,701within the sector's middle half▼ 48.2%€63,352above the sector's middle half▲ 167%-€8,870below the sector's middle half
Equity€127,233above the sector's middle half▲ 16.0%€171,415above the sector's middle half▲ 34.7%€195,116above the sector's middle half▲ 13.8%€256,749above the sector's middle half▲ 31.6%€247,880above the sector's middle half▼ 3.5%
Total assets€168,267within the sector's middle half▲ 5.9%€216,910within the sector's middle half▲ 28.9%€270,613within the sector's middle half▲ 24.8%€328,939above the sector's middle half▲ 21.6%€369,170above the sector's middle half▲ 12.2%
Debt€41,033▼ 16.6%€45,495▲ 10.9%€59,802▲ 31.4%€52,110▼ 12.9%€81,450▲ 56.3%
Working capital€115,459above the sector's middle half▲ 13.7%€163,079above the sector's middle half▲ 41.2%€118,711above the sector's middle half▼ 27.2%€167,991above the sector's middle half▲ 41.5%€162,121above the sector's middle half▼ 3.5%
Solvency75.6%above the sector's middle half▲ 6.6pp79.0%above the sector's middle half▲ 3.4pp72.1%above the sector's middle half▼ 6.9pp78.1%above the sector's middle half▲ 6.0pp67.1%within the sector's middle half▼ 10.9pp
Current ratio3.81above the sector's middle half▲ 0.754.68above the sector's middle half▲ 0.872.99within the sector's middle half▼ 1.704.22above the sector's middle half▲ 1.244.71above the sector's middle half▲ 0.49
Return on assets (ROA)10.4%within the sector's middle half▼ 14.6pp21.1%above the sector's middle half▲ 10.7pp8.8%within the sector's middle half▼ 12.3pp19.3%above the sector's middle half▲ 10.5pp-2.4%below the sector's middle half▼ 21.7pp
Staff (FTE)1.8▲ 157%2▲ 11.1%2=2=1.4▼ 30.0%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,170
Fixed assets
€163,383 ▲ 50.1%
Current assets
€205,788 ▼ 6.5%
Equity and liabilities €369,170
Equity
€247,880 ▼ 3.5%
Provisions
€39,841 ▲ 98.4%
Debt
€81,450 ▲ 56.3%
Debt's share of the balance-sheet total rises from 15.8% to 22.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46,211▼
2024 · €112,342
Cash flow
€32,172▼
2024 · €90,153
Debt to equity
0.33▲
2024 · 0.20
ROE
-3.6%▼
2024 · 24.7%
Interest coverage
3.62▼
2024 · 5.53
Debt ≤ 1 year
€43,666▼
2024 · €52,110
Debt > 1 year
€37,784
Income taxes
€4,635▼
2024 · €24,697
Staff costs
€69,067▲
2024 · €50,312
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 6,915 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 | €54,419 | €72,854 | €51,900 | €50,312 | €69,067 | ▲ 37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,881 | €5,361 | €19,928 | €26,802 | €41,042 | ▲ 53.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €15,696 | €4,384 | €19,761 | ▲ 351% |
| Other operating charges640/8 | €3,711 | €3,553 | €2,678 | €2,731 | €2,318 | ▼ 15.1% |
| Gross operating margin9900 | €83,220 | €145,286 | €126,631 | €169,769 | €137,357 | ▼ 19.1% |
| Operating profit (loss)9901 | €20,210 | €63,519 | €36,428 | €85,541 | €5,169 | ▼ 94.0% |
| Financial income75/76B | €312 | €604 | €5,848 | €22,805 | €3,374 | ▼ 85.2% |
| Recurring financial income75 | €312 | €604 | €5,848 | €1,715 | €3,374 | ▲ 96.8% |
| Non-recurring financial income76B | - | - | - | €21,090 | - | - |
| Financial charges65/66B | €1,497 | €1,314 | €3,981 | €20,297 | €12,777 | ▼ 37.0% |
| Recurring financial charges65 | €1,497 | €1,314 | €3,981 | €20,297 | €12,777 | ▼ 37.0% |
| Profit (loss) for the period before taxes9903 | €19,025 | €62,809 | €38,296 | €88,048 | -€4,234 | ▼ 105% |
| Income taxes67/77 | €1,443 | €17,028 | €14,595 | €24,697 | €4,635 | ▼ 81.2% |
| Profit (loss) for the period9904 | €17,582 | €45,782 | €23,701 | €63,352 | -€8,870 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €17,582 | €45,782 | €23,701 | €63,352 | -€8,870 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,267 | €216,910 | €270,613 | €328,939 | €369,170 | ▲ 12.2% |
| Fixed assets21/28 | €11,774 | €9,564 | €92,100 | €108,838 | €163,383 | ▲ 50.1% |
| Intangible fixed assets21 | €150 | - | - | - | - | - |
| Tangible fixed assets22/27 | €11,574 | €9,504 | €92,040 | €108,778 | €163,323 | ▲ 50.1% |
| Furniture and vehicles24 | €11,574 | €9,504 | €92,040 | €108,778 | €163,323 | ▲ 50.1% |
| Financial fixed assets28 | €50 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €156,492 | €207,346 | €178,513 | €220,101 | €205,788 | ▼ 6.5% |
| Stocks and contracts in progress3 | €3,200 | €2,500 | €3,000 | - | - | - |
| Stocks30/36 | €3,200 | €2,500 | €3,000 | - | - | - |
| Amounts receivable within one year40/41 | €100,500 | €77,441 | €87,929 | €115,704 | €123,929 | ▲ 7.1% |
| Trade receivables40 | €93,187 | €75,071 | €75,313 | €102,501 | €113,414 | ▲ 10.6% |
| Other amounts receivable41 | €7,313 | €2,370 | €12,616 | €13,204 | €10,515 | ▼ 20.4% |
| Cash at bank and in hand54/58 | €41,369 | €113,820 | €78,775 | €92,426 | €68,599 | ▼ 25.8% |
| Deferred charges and accrued income490/1 | €11,424 | €13,586 | €8,809 | €11,970 | €13,260 | ▲ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,267 | €216,910 | €270,613 | €328,939 | €369,170 | ▲ 12.2% |
| Equity10/15 | €127,233 | €171,415 | €195,116 | €256,749 | €247,880 | ▼ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €41,693 | €86,693 | €107,833 | €169,433 | €169,433 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €39,833 | €84,833 | €107,833 | €169,433 | €169,433 | = |
| Profit (loss) carried forward14 | €66,940 | €66,121 | €66,822 | €66,856 | €57,986 | ▼ 13.3% |
| Provisions and deferred taxes16 | - | - | €15,696 | €20,080 | €39,841 | ▲ 98.4% |
| Provisions for liabilities and charges160/5 | - | - | €15,696 | €20,080 | €39,841 | ▲ 98.4% |
| Other liabilities and charges164/5 | - | - | €15,696 | €20,080 | €39,841 | ▲ 98.4% |
| Amounts payable17/49 | €41,033 | €45,495 | €59,802 | €52,110 | €81,450 | ▲ 56.3% |
| Amounts payable after more than one year17 | - | - | - | - | €37,784 | - |
| Financial debts170/4 | - | - | - | - | €37,784 | - |
| Amounts payable within one year42/48 | €41,033 | €44,267 | €59,802 | €52,110 | €43,666 | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,858 | - |
| Financial debts43 | - | €111 | €2,070 | €8,330 | - | - |
| Credit institutions430/8 | - | €111 | €2,070 | €8,330 | - | - |
| Trade debts44 | €17,764 | €17,298 | €35,353 | €31,209 | €21,548 | ▼ 31.0% |
| Suppliers440/4 | €17,764 | €17,298 | €35,353 | €31,209 | €21,548 | ▼ 31.0% |
| Taxes, remuneration and social security45 | €7,093 | €18,412 | €16,600 | €7,837 | €6,917 | ▼ 11.7% |
| Taxes450/3 | €3,105 | €13,220 | €8,663 | €4,017 | €1,642 | ▼ 59.1% |
| Remuneration and social security454/9 | €3,988 | €5,191 | €7,937 | €3,820 | €5,274 | ▲ 38.1% |
| Other amounts payable47/48 | €16,176 | €8,447 | €5,778 | €4,734 | €6,344 | ▲ 34.0% |
| Accrued charges and deferred income492/3 | - | €1,228 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,582 | €45,782 | €23,701 | €63,352 | -€8,870 | ▼ 114% |
| + Depreciation and write-downs630 | €4,881 | €5,361 | €19,928 | €26,802 | €41,042 | ▲ 53.1% |
| Operating cash flow (approximation) | €22,463 | €51,143 | €43,629 | €90,153 | €32,172 | ▼ 64.3% |
| Investment in fixed assets (approximation) | - | -€3,150 | -€102,464 | -€43,539 | -€95,587 | ▼ 120% |
| Change in cash | - | €72,451 | -€35,045 | €13,651 | -€23,828 | ▼ 275% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Highest result since 2018net €63,352 ▲167%
Operating result €85,541, net result €63,352, both a record.
31-12
Financial
Equity above €200,000Eq €256,749 ▲31.6%
5 profitable years in a row build equity to €256,749.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €150,000Eq €171,415 ▲34.7%
3 profitable years in a row build equity to €171,415.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €39,833
Net result €39,833 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €109,651 ▲57.1%
Equity rises from €69,818 to €109,651.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grez-Doiceau · 1 establishment unit since 2013
Ground area
416 m²
Building footprint
46 m²
Parcel 25001C0054/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DAL-E
since 20132.217.199.472
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001C0054/00F000 | Wallonia | 416 m² | 1 · 46 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300O8OB6ARRXX9U24
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,920 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
Founded20-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
70200Business and other management consultancy
81210General cleaning of buildings
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0518946040
Also
9925:BE0518946040
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.