DAST
ActiveSummary
DAST has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.84M and a net result of €192k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency66▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 6.4 against 2.25 in 2024; short-term debt: 10.8% and cash: 0% of total assets), but 58.9% of the assets are financed with debt.
Credit check for your own amount and term
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
41.1%
Return on assets
4.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
1 d early
2023
6 d early
2022
4 d early
2021
3 d early
2020
21 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.84M▲ 4.2%
2024 · €1.76M
2018: €599klowest in 8 years
2019: €631k▲ +5.4% vs 2018
2020: €832k▲ +31.9% vs 2019
2021: €1.14M▲ +36.6% vs 2020
2022: €1.41M▲ +24.4% vs 2021
2023: €1.60M▲ +13.0% vs 2022
2024: €1.76M▲ +10.3% vs 2023
2025: €1.84M▲ +4.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€4.47M▼ 0.7%
2024 · €4.51M
2018: €2.66Mlowest in 8 years
2019: €2.79M▲ +4.9% vs 2018
2020: €2.67M▼ -4.3% vs 2019
2021: €7.03M▲ +164% vs 2020highest in 8 years
2022: €6.18M▼ -12.2% vs 2021
2023: €6.48M▲ +4.9% vs 2022
2024: €4.51M▼ -30.4% vs 2023
2025: €4.47M▼ -0.7% vs 2024
2018 → 2025
Net result
€192k▼ 53.6%
2024 · €415k
2018: €13klowest in 8 years
2019: €33k▲ +142% vs 2018
2020: €201k▲ +517% vs 2019
2021: €722k▲ +259% vs 2020highest in 8 years
2022: €690k▼ -4.4% vs 2021
2023: €339k▼ -50.8% vs 2022
2024: €415k▲ +22.1% vs 2023
2025: €192k▼ -53.6% vs 2024
2018 → 2025
Working capital
€2.61M▲ 52.4%
2024 · €1.71M
2018: €-14klowest in 8 years
2019: €472k▲ +3544% vs 2018
2020: €634k▲ +34.1% vs 2019
2021: €431k▼ -31.9% vs 2020
2022: €1.15M▲ +167% vs 2021
2023: €1.78M▲ +54.8% vs 2022
2024: €1.71M▼ -4.1% vs 2023
2025: €2.61M▲ +52.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.14M-€1.41M▲ 24.4%€1.60M▲ 13.0%€1.76M▲ 10.3%€1.84M▲ 4.2%
2021: €1.14Mlowest in 5 years
2022: €1.41M▲ +24.4% vs 2021
2023: €1.60M▲ +13.0% vs 2022
2024: €1.76M▲ +10.3% vs 2023
2025: €1.84M▲ +4.2% vs 2024highest in 5 years
Operating result€861k-€856k▼ 0.6%€543k▼ 36.5%€608k▲ 11.9%€270k▼ 55.7%
2021: €861khighest in 5 years
2022: €856k▼ -0.6% vs 2021
2023: €543k▼ -36.5% vs 2022
2024: €608k▲ +11.9% vs 2023
2025: €270k▼ -55.7% vs 2024lowest in 5 years
Net result€722k-€690k▼ 4.4%€339k▼ 50.8%€415k▲ 22.1%€192k▼ 53.6%
2021: €722khighest in 5 years
2022: €690k▼ -4.4% vs 2021
2023: €339k▼ -50.8% vs 2022
2024: €415k▲ +22.1% vs 2023
2025: €192k▼ -53.6% vs 2024lowest in 5 years
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 falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.47M
Fixed assets
€1.38M ▼ 3.4%
Current assets
€3.09M ▲ 0.5%
Equity and liabilities €4.47M
Equity
€1.84M ▲ 4.2%
Provisions
€69k ▼ 2.5%
Debt
€2.57M ▼ 4.0%
Debt's share of the balance-sheet total falls from 59.3% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€320k▼
2024 · €658k
Cash flow
€243k▼
2024 · €465k
Current ratio
6.40▲
2024 · 2.25
Quick ratio
2.02▲
2024 · 0.48
Debt to equity
1.40▼
2024 · 1.52
ROE
10.5%▼
2024 · 23.5%
ROA
4.3%▼
2024 · 9.2%
Interest coverage
5.94▲
2024 · 5.42
Debt ≤ 1 year
€483k▼
2024 · €1.36M
Debt > 1 year
€2.07M▲
2024 · €1.29M
Income taxes
€37k▼
2024 · €79k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.51M€4.47M▼
Fixed assets21/28€1.43M€1.38M▼
Tangible fixed assets22/27€1.43M€1.38M▼
Land and buildings22€1.43M€1.38M▼
Financial fixed assets28€2k€2k=
Current assets29/58€3.08M€3.09M▲
Stocks and contracts in progress3€2.42M€2.12M▼
Stocks30/36€2.42M€2.12M▼
Amounts receivable within one year40/41€623k€962k▲
Trade receivables40€85k€130k▲
Other amounts receivable41€538k€831k▲
Cash at bank and in hand54/58€20k€397▼
Deferred charges and accrued income490/1€8k€12k▲
Equity and liabilities
Total equity and liabilities10/49€4.51M€4.47M▼
Equity10/15€1.76M€1.84M▲
Contributions10/11€242k€242k=
Capital10€242k€242k=
Issued capital100€242k€242k=
Reserves13€1.52M€1.60M▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Tax-exempt reserves132€213k€208k▼
Distributable reserves133€1.28M€1.36M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€71k€69k▼
Deferred taxes168€71k€69k▼
Amounts payable17/49€2.67M€2.57M▼
Amounts payable after more than one year17€1.29M€2.07M▲
Financial debts170/4€1.29M€2.07M▲
Amounts payable within one year42/48€1.36M€483k▼
Current portion of amounts payable after more than one year42€70k€70k▲
Financial debts43€897k€200k▼
Credit institutions430/8€897k€200k▼
Trade debts44€82k€30k▼
Suppliers440/4€82k€30k▼
Bills of exchange payable441€0-
Advances received on contracts in progress46€6k€6k▲
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€6k€4k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€303k€169k▼
Accrued charges and deferred income492/3€15k€12k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€50k▲
Other operating charges640/8€19k€15k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€677k€335k▼
Operating profit (loss)9901€608k€270k▼
Financial income75/76B€6k€12k▲
Recurring financial income75€6k€12k▲
Financial charges65/66B€121k€54k▼
Recurring financial charges65€121k€54k▼
Profit (loss) for the period before taxes9903€492k€228k▼
Transfer from deferred taxes780€2k€2k=
Transfer to deferred taxes680€0-
Income taxes67/77€79k€37k▼
Profit (loss) for the period9904€415k€192k▼
Transfer from tax-exempt reserves789€5k€5k=
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€420k€198k▼
Appropriation of the result
Profit (loss) to be appropriated9906€420k€198k▼
Transfer to equity691/2€170k€80k▼
To other reserves6921€170k€80k▼
Profit to be distributed694/7€250k€118k▼
Directors or managers695€250k€118k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €113k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €54k | €50k | €50k | €50k | ▲ 0.3% |
| Other operating charges640/8 | €7k | €11k | €13k | €19k | €15k | ▼ 20.5% |
| Non-recurring operating charges66A | - | - | €8k | €0 | - | - |
| Gross operating margin9900 | €899k | €921k | €614k | €677k | €335k | ▼ 50.6% |
| Operating profit (loss)9901 | €861k | €856k | €543k | €608k | €270k | ▼ 55.7% |
| Financial income75/76B | €198 | €6k | €4k | €6k | €12k | ▲ 121% |
| Recurring financial income75 | €198 | €6k | €4k | €6k | €12k | ▲ 121% |
| Financial charges65/66B | €33k | €43k | €131k | €121k | €54k | ▼ 55.6% |
| Recurring financial charges65 | €33k | €43k | €131k | €121k | €54k | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €828k | €818k | €417k | €492k | €228k | ▼ 53.7% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | = |
| Transfer to deferred taxes680 | - | - | €28k | €0 | - | - |
| Income taxes67/77 | €108k | €130k | €51k | €79k | €37k | ▼ 52.9% |
| Profit (loss) for the period9904 | €722k | €690k | €339k | €415k | €192k | ▼ 53.6% |
| Transfer from tax-exempt reserves789 | €5k | €5k | €5k | €5k | €5k | = |
| Transfer to tax-exempt reserves689 | - | - | €85k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €727k | €695k | €260k | €420k | €198k | ▼ 52.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.03M | €6.18M | €6.48M | €4.51M | €4.47M | ▼ 0.7% |
| Fixed assets21/28 | €1.58M | €1.57M | €1.48M | €1.43M | €1.38M | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.58M | €1.57M | €1.48M | €1.43M | €1.38M | ▼ 3.4% |
| Land and buildings22 | €1.58M | €1.55M | €1.48M | €1.43M | €1.38M | ▼ 3.4% |
| Furniture and vehicles24 | - | €19k | - | - | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €5.45M | €4.60M | €5.00M | €3.08M | €3.09M | ▲ 0.5% |
| Stocks and contracts in progress3 | €3.75M | €4.21M | €4.74M | €2.42M | €2.12M | ▼ 12.7% |
| Stocks30/36 | €3.75M | €4.21M | €4.74M | €2.42M | €2.12M | ▼ 12.7% |
| Amounts receivable within one year40/41 | €1.12M | €382k | €247k | €623k | €962k | ▲ 54.3% |
| Trade receivables40 | €484k | €31k | €28k | €85k | €130k | ▲ 52.8% |
| Other amounts receivable41 | €633k | €351k | €219k | €538k | €831k | ▲ 54.6% |
| Cash at bank and in hand54/58 | €591k | €5k | €5k | €20k | €397 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | €347 | €6k | €7k | €8k | €12k | ▲ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.03M | €6.18M | €6.48M | €4.51M | €4.47M | ▼ 0.7% |
| Equity10/15 | €1.14M | €1.41M | €1.60M | €1.76M | €1.84M | ▲ 4.2% |
| Contributions10/11 | €242k | €242k | €242k | €242k | €242k | = |
| Capital10 | €242k | €242k | €242k | €242k | €242k | = |
| Issued capital100 | €242k | €242k | €242k | €242k | €242k | = |
| Reserves13 | €895k | €1.17M | €1.36M | €1.52M | €1.60M | ▲ 4.9% |
| Non-distributable reserves130/1 | €24k | €24k | €24k | €24k | €24k | = |
| Legal reserve130 | €24k | €24k | €24k | €24k | €24k | = |
| Tax-exempt reserves132 | €144k | €139k | €218k | €213k | €208k | ▼ 2.5% |
| Distributable reserves133 | €727k | €1.01M | €1.11M | €1.28M | €1.36M | ▲ 6.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €48k | €46k | €73k | €71k | €69k | ▼ 2.5% |
| Deferred taxes168 | €48k | €46k | €73k | €71k | €69k | ▼ 2.5% |
| Amounts payable17/49 | €5.85M | €4.72M | €4.81M | €2.67M | €2.57M | ▼ 4.0% |
| Amounts payable after more than one year17 | €807k | €1.25M | €1.57M | €1.29M | €2.07M | ▲ 60.1% |
| Financial debts170/4 | €807k | €1.25M | €1.57M | €1.29M | €2.07M | ▲ 60.1% |
| Amounts payable within one year42/48 | €5.02M | €3.45M | €3.22M | €1.36M | €483k | ▼ 64.6% |
| Current portion of amounts payable after more than one year42 | €69k | €69k | €70k | €70k | €70k | ▲ 0.7% |
| Financial debts43 | €2.49M | €2.89M | €2.84M | €897k | €200k | ▼ 77.7% |
| Credit institutions430/8 | €2.49M | €2.89M | €2.84M | €897k | €200k | ▼ 77.7% |
| Trade debts44 | €1.13M | €34k | €29k | €82k | €30k | ▼ 63.4% |
| Suppliers440/4 | €1.13M | €18k | €29k | €82k | €30k | ▼ 63.4% |
| Bills of exchange payable441 | - | €16k | €99 | €0 | - | - |
| Advances received on contracts in progress46 | €6k | €6k | €6k | €6k | €6k | ▲ 1.0% |
| Taxes, remuneration and social security45 | €643k | €31k | €23k | €7k | €6k | ▼ 3.1% |
| Taxes450/3 | €642k | €30k | €22k | €6k | €4k | ▼ 21.7% |
| Remuneration and social security454/9 | €1k | €1k | €1k | €1k | €2k | ▲ 100% |
| Other amounts payable47/48 | €683k | €417k | €247k | €303k | €169k | ▼ 44.1% |
| Accrued charges and deferred income492/3 | €19k | €16k | €20k | €15k | €12k | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €722k | €690k | €339k | €415k | €192k | ▼ 53.6% |
| + Depreciation and write-downs630 | €30k | €54k | €50k | €50k | €50k | ▲ 0.3% |
| Operating cash flow (approximation) | €752k | €744k | €389k | €465k | €243k | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | €-49k | €43k | €-2k | €-1k | ▲ 33.9% |
| Change in cash | - | €-586k | €15 | €14k | €-19k | ▼ 235% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity triplescurrent ratio 6.40
Current ratio from 2.25 to 6.40; short-term debt falls from €1.36M to €483k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €722k ▲259%
Operating result €861k, net result €722k, both a record.
30-09
Financial
Equity above €1MEq €1.14M ▲36.6%
4 profitable years in a row build equity to €1.14M.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-04
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Herentals · 2 establishment units since 2003
Ground area
1.2 ha
Building footprint
136 m²
Volume, LiDAR
1,284 m³
2 parcels, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DAST
since 20032.164.569.945
Geelseweg(HRT) 6, 2200 Herentals
since 20242.358.287.061
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0611/00A000 | Flanders | 1.2 ha | - | - |
| 13011F0451/00Z000 | Flanders | 340 m² | 1 · 136 m² | 13.6 m · 3 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.
Similar companies · same sector, comparable size
FRANAR INVEST
BE 0473.468.975
Pajottegem · Eq €1,833,846
DE CLERCK
BE 0452.641.887
Opwijk · Eq €1,832,422
Symcorp
BE 0470.060.614
Antwerpen · Eq €1,831,638
Bouwondernemingen Cools
BE 0406.443.757
Knokke-Heist · Eq €1,846,170
Omega Studio
BE 0632.875.213
Asse · Eq €1,827,748
Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 4,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-05-2003
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68110Buying and selling of own real estate
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.