Result
€40,872 ▼ 57.9%
The result fell in 2024 from €96,980 to €40,872.
DAVAL CONCEPT
Lifetime
2 annual accounts with figures on one time axispeak €122,410 (2023)
€52,383▼ 57.2%
peak €96,980 (2023)
€40,872▼ 57.9%
peak €139,852 (2024)
€139,852▲ 41.3%
€32,738▲ 6.5%
Board1 name since 2023
1 directorTURCU Laurentiu
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from €122,410 to €52,383Result from €96,980 to €40,872Equity from €98,980 to €139,852Cash from €409 to €0
Key points
from the 2024 annual accountsTurnover
≈ €270,000 estimated
The micro format states no turnover.
Position in the sector
81.0%
Higher solvency than 88% of companies in construction of buildings. Sector median 42.3% · 9,833 companies.
2025 accounts not filed, 102 days past the deadline
Checked score
34
Weak
Financially stronger than 73% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
11.3% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 8.4%lowest value
01-2025: 8.7%▲ +0.3 percentage points vs 12-2024
02-2025: 9.0%▲ +0.3 percentage points vs 01-2025
03-2025: 9.0%● unchanged vs 02-2025
04-2025: 9.0%● unchanged vs 03-2025
05-2025: 8.8%▼ -0.2 percentage points vs 04-2025
06-2025: 8.8%● unchanged vs 05-2025
07-2025: 9.1%▲ +0.3 percentage points vs 06-2025
08-2025: 9.7%▲ +0.6 percentage points vs 07-2025
09-2025: 9.0%▼ -0.7 percentage points vs 08-2025
10-2025: 9.0%● unchanged vs 09-2025
11-2025: 9.0%● unchanged vs 10-2025
12-2025: 9.0%● unchanged vs 11-2025
01-2026: 9.0%● unchanged vs 12-2025
02-2026: 9.2%▲ +0.2 percentage points vs 01-2026
03-2026: 9.2%● unchanged vs 02-2026
04-2026: 9.2%● unchanged vs 03-2026
05-2026: 9.3%▲ +0.1 percentage points vs 04-2026
06-2026: 9.2%▼ -0.1 percentage points vs 05-2026
07-2026: 9.0%▼ -0.2 percentage points vs 06-2026
08-2026: 9.7%▲ +0.7 percentage points vs 07-2026
09-2026: 10.1%▲ +0.4 percentage points vs 08-2026
10-2026: 11.3%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 11.3%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
No registered site in the KBO
Size: total assets €172,590
Liquidity: current ratio 5.14, cash €0, halved
1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 1 of the last 3 accounts late
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 92% of them on solvency, 43% on liquidity, 82% on profitability and 76% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as DAVAL CONCEPT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DAVAL CONCEPT itself is higher: 11.3% within 12 months. It rests on far more data about DAVAL CONCEPT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for DAVAL CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 5.14 (4.04 in 2023), above the usual 1.5. Short-term debt is 19% and cash 0% of total assets. 19% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
54 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 41 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €2,000, 100 shares · Founder: TURCU Laurentiu · Appointment: TURCU Laurentiu (director) · published on 18-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DAVAL CONCEPT Grimbergen | €172,590 | €52,383 | 81.0% | - |
| LIAN PROJECT Grimbergen | €173,607 | €55,794 | 46.6% | - |
| LARY HAIR Grimbergen | €169,504 | €41,410 | 41.5% | - |
| REBUILDEX Boortmeerbeek | €168,113 | €52,111 | 26.2% | - |
| RUDI CHAPE Sint-Pieters-Leeuw | €187,257 | €48,649 | 19.5% | - |
| ECO WOOD CONSTRUCTION Zaventem | €158,902 | €51,391 | 20.6% | - |
| QM TOITURE Overijse | €166,347 | €57,877 | 6.1% | - |
These companies have the same main activity as DAVAL CONCEPT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €159,000 and €187,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 14-07-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on DAVAL CONCEPT
The computed 12-month bankruptcy probability of DAVAL CONCEPT is 11.3% (high). The 2024 annual accounts show equity of €139,852 and a net result of €40,872.
Its solvency ranks better than 89% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DAVAL CONCEPT
- What is the company number of DAVAL CONCEPT?
- The company number of DAVAL CONCEPT is 0803.989.250. The VAT number is the same number with BE in front: BE 0803.989.250.
- Where is DAVAL CONCEPT based?
- The registered office is at Begonialaan 5, 1853 Grimbergen.Company details
- What does DAVAL CONCEPT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of DAVAL CONCEPT?
- DAVAL CONCEPT is a private limited company (BV).
- When was DAVAL CONCEPT founded?
- DAVAL CONCEPT was founded on 14-07-2023.
- Is DAVAL CONCEPT still active?
- Yes, DAVAL CONCEPT is an active enterprise in the KBO register.
- What is the turnover of DAVAL CONCEPT?
- The turnover in financial year 2024 is ≈ €270,000. This figure is estimated from the gross margin of €52,383 and 111 comparable companies (NACE 41001). It probably lies between €200,000 and €450,000.Financials
- Is DAVAL CONCEPT profitable?
- In financial year 2024, DAVAL CONCEPT made a profit of €40,872.
- Where can I find the annual accounts of DAVAL CONCEPT?
- DAVAL CONCEPT filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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