DAL-NET
ActiveSummary
The computed 12-month bankruptcy probability of DAL-NET is 1.6% (moderate). The 2025 annual accounts show equity of €161,376 and a net result of -€10,033. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 28254 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-60
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 5.77 against 7.3 in 2024; short-term debt: 14.9% and cash: 84.2% of total assets), and 14.9% 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-09-2026, 44 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
44 d late
2024
45 d early
2023
29 d late
2022
31 d late
2021
16 d late
2020
13 d late
2019
18 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 15 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€161,376▼ 5.9%
2024 · €171,408
Total assets
€189,691▼ 3.4%
2024 · €196,432
Net result
-€10,033
2024 · €5,650
Working capital
€135,065▼ 14.4%
2024 · €157,754
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-€25,245€23,800€29,351▲ 23.3%€9,421▼ 67.9%-€10,198
Net result-€26,299below the sector's middle half€23,562within the sector's middle half€20,815within the sector's middle half▼ 11.7%€5,650within the sector's middle half▼ 72.9%-€10,033below the sector's middle half
Equity€121,382within the sector's middle half▼ 17.8%€144,944above the sector's middle half▲ 19.4%€165,759above the sector's middle half▲ 14.4%€171,408above the sector's middle half▲ 3.4%€161,376above the sector's middle half▼ 5.9%
Total assets€132,298within the sector's middle half▼ 18.2%€150,088within the sector's middle half▲ 13.4%€182,728within the sector's middle half▲ 21.7%€196,432within the sector's middle half▲ 7.5%€189,691within the sector's middle half▼ 3.4%
Debt€10,917▼ 22.0%€5,144▼ 52.9%€16,970▲ 230%€25,024▲ 47.5%€28,315▲ 13.2%
Working capital€118,965above the sector's middle half▼ 16.3%€121,229above the sector's middle half▲ 1.9%€147,309above the sector's middle half▲ 21.5%€157,754above the sector's middle half▲ 7.1%€135,065above the sector's middle half▼ 14.4%
Solvency91.7%above the sector's middle half▲ 0.4pp96.6%above the sector's middle half▲ 4.8pp90.7%above the sector's middle half▼ 5.9pp87.3%above the sector's middle half▼ 3.5pp85.1%above the sector's middle half▼ 2.2pp
Current ratio11.90above the sector's middle half▲ 0.7524.56above the sector's middle half▲ 12.679.68above the sector's middle half▼ 14.887.30above the sector's middle half▼ 2.385.77above the sector's middle half▼ 1.53
Return on assets (ROA)-19.9%below the sector's middle half▼ 32.4pp15.7%within the sector's middle half▲ 35.6pp11.4%within the sector's middle half▼ 4.3pp2.9%within the sector's middle half▼ 8.5pp-5.3%below the sector's middle half▼ 8.2pp
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 turns negative in 2025: a loss of €10,198 after €9,421 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189,691
Fixed assets
€26,311 ▲ 92.7%
Current assets
€163,380 ▼ 10.6%
Equity and liabilities €189,691
Equity
€161,376 ▼ 5.9%
Debt
€28,315 ▲ 13.2%
Debt's share of the balance-sheet total rises from 12.7% to 14.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,666▼
2024 · €15,276
Cash flow
-€4,501▼
2024 · €11,505
Debt to equity
0.18▲
2024 · 0.15
ROE
-6.2%▼
2024 · 3.3%
Interest coverage
-25.89▼
2024 · 83.52
Debt ≤ 1 year
€28,315▲
2024 · €25,024
Income taxes
€165▼
2024 · €4,105
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 higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,139 | €3,529 | €5,627 | €5,855 | €5,532 | ▼ 5.5% |
| Other operating charges640/8 | €619 | €783 | €546 | €626 | €778 | ▲ 24.3% |
| Gross operating margin9900 | -€20,487 | €28,112 | €35,524 | €15,901 | -€3,889 | ▼ 124% |
| Operating profit (loss)9901 | -€25,245 | €23,800 | €29,351 | €9,421 | -€10,198 | ▼ 208% |
| Financial income75/76B | €0 | €0 | €144 | €517 | €511 | ▼ 1.2% |
| Recurring financial income75 | €0 | €0 | €144 | €517 | €511 | ▼ 1.2% |
| Financial charges65/66B | €160 | €238 | €187 | €183 | €180 | ▼ 1.4% |
| Recurring financial charges65 | €160 | €238 | €187 | €183 | €180 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | -€25,404 | €23,562 | €29,308 | €9,755 | -€9,868 | ▼ 201% |
| Income taxes67/77 | €894 | - | €8,493 | €4,105 | €165 | ▼ 96.0% |
| Profit (loss) for the period9904 | -€26,299 | €23,562 | €20,815 | €5,650 | -€10,033 | ▼ 278% |
| Profit (loss) for the period to be appropriated9905 | -€26,299 | €23,562 | €20,815 | €5,650 | -€10,033 | ▼ 278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,298 | €150,088 | €182,728 | €196,432 | €189,691 | ▼ 3.4% |
| Fixed assets21/28 | €2,416 | €23,715 | €18,450 | €13,655 | €26,311 | ▲ 92.7% |
| Tangible fixed assets22/27 | €1,826 | €23,125 | €17,860 | €13,065 | €25,721 | ▲ 96.9% |
| Plant, machinery and equipment23 | €316 | €1,001 | €624 | €992 | €391 | ▼ 60.6% |
| Furniture and vehicles24 | €1,081 | €21,802 | €17,021 | €11,966 | €25,330 | ▲ 112% |
| Other tangible fixed assets26 | €430 | €322 | €215 | €107 | - | - |
| Financial fixed assets28 | €590 | €590 | €590 | €590 | €590 | = |
| Current assets29/58 | €129,882 | €126,373 | €164,278 | €182,777 | €163,380 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €6,200 | €23,137 | €17,810 | €24,475 | €3,732 | ▼ 84.8% |
| Trade receivables40 | €5,563 | €21,025 | €16,925 | €23,175 | €2,075 | ▼ 91.0% |
| Other amounts receivable41 | €637 | €2,112 | €885 | €1,300 | €1,657 | ▲ 27.4% |
| Cash at bank and in hand54/58 | €123,383 | €103,236 | €146,468 | €158,175 | €159,648 | ▲ 0.9% |
| Deferred charges and accrued income490/1 | €300 | - | - | €127 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,298 | €150,088 | €182,728 | €196,432 | €189,691 | ▼ 3.4% |
| Equity10/15 | €121,382 | €144,944 | €165,759 | €171,408 | €161,376 | ▼ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €100,922 | €124,484 | €145,299 | €150,948 | €140,916 | ▼ 6.6% |
| Amounts payable17/49 | €10,917 | €5,144 | €16,970 | €25,024 | €28,315 | ▲ 13.2% |
| Amounts payable within one year42/48 | €10,917 | €5,144 | €16,970 | €25,024 | €28,315 | ▲ 13.2% |
| Financial debts43 | - | €13 | - | - | - | - |
| Credit institutions430/8 | - | €13 | - | - | - | - |
| Trade debts44 | €3 | - | €427 | €15,808 | €17,441 | ▲ 10.3% |
| Suppliers440/4 | €3 | - | €427 | €15,808 | €17,441 | ▲ 10.3% |
| Taxes, remuneration and social security45 | €4,714 | €5,131 | €8,493 | €3,782 | €3,947 | ▲ 4.4% |
| Taxes450/3 | €894 | - | €8,493 | €3,782 | €3,947 | ▲ 4.4% |
| Remuneration and social security454/9 | €3,819 | €5,131 | - | - | - | - |
| Other amounts payable47/48 | €6,200 | - | €8,050 | €5,434 | €6,928 | ▲ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,299 | €23,562 | €20,815 | €5,650 | -€10,033 | ▼ 278% |
| + Depreciation and write-downs630 | €4,139 | €3,529 | €5,627 | €5,855 | €5,532 | ▼ 5.5% |
| Operating cash flow (approximation) | -€22,160 | €27,091 | €26,442 | €11,505 | -€4,501 | ▼ 139% |
| Investment in fixed assets (approximation) | - | -€24,828 | -€362 | -€1,059 | -€18,188 | ▼ 1,617% |
| Change in cash | - | -€20,146 | €43,232 | €11,707 | €1,473 | ▼ 87.4% |
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
13-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 44 days late
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €150,000Eq €165,759 ▲14.4%
2 profitable years in a row build equity to €165,759.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €23,562
Net result €23,562 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 24.56
Current ratio from 11.90 to 24.56; short-term debt falls from €10,917 to €5,144.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet -€26,299
Net result drops to -€26,299, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Highest result since 2018net €26,322 ▲46.4%
Net result €26,322, the highest in the series.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 18 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
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, Sint-Agatha-Berchem · 1 establishment unit since 2008
Ground area
4,943 m²
Building footprint
2,285 m²
Volume, LiDAR
37,747 m³
2 parcels, Brussels · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DAL-NET
since 20082.166.687.119
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0079/00N000 | Brussels | 4,697 m² | 1 · 2,186 m² | 23.1 m · 6 fl. |
| 21342B0182/00T005 | Brussels | 246 m² | 1 · 99 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,423 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 (pre-2019)
Founded07-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893289232
Registered
04-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.