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DAVICO

Active
Private limited companyfounded 20232 yrs activeKnokstraat 1, 8580 Avelgem, BelgiumKBO/BCE: BE 1003.521.319
Summary

The computed 12-month bankruptcy probability of DAVICO is 2.1% (moderate). The 2025 annual accounts show equity of €53,618 and a net result of €22,491. Its solvency ranks better than 79% of 28184 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency99▲+8
Growth52
Track record82
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 3.71 against 2.8 in 2024; short-term debt: 26.1% and cash: 0.9% of total assets), and 26.1% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
73.9%
Return on assets
31%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 2 filings
Deviation from the deadline
2025
20 d late
2024
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 23 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DAVICO was incorporated on 18 December 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€53,618▲ 72.3%
2024 · €31,127
Total assets
€72,528▲ 54.9%
2024 · €46,837
Net result
€22,491▼ 13.9%
2024 · €26,127
Working capital
€51,340▲ 81.1%
2024 · €28,349
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
Line20242025
Operating result€33,583-€30,339▼ 9.7%
Net result€26,127within the sector's middle half-€22,491within the sector's middle half▼ 13.9%
Equity€31,127within the sector's middle half-€53,618within the sector's middle half▲ 72.3%
Total assets€46,837below the sector's middle half-€72,528within the sector's middle half▲ 54.9%
Debt€15,709-€18,910▲ 20.4%
Working capital€28,349-€51,340▲ 81.1%
Solvency66.5%within the sector's middle half-73.9%above the sector's middle half▲ 7.5pp
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
€0€10,000€20,000€30,000Operating result 2024: €33,583€33,583Net result 2024: €26,127€26,127Operating result 2025: €30,339€30,339Net result 2025: €22,491€22,49120242025€0€10,000€20,000€30,000Operating result 2024: €33,583€33,600Net result 2024: €26,127€26,100Operating result 2025: €30,339€30,300Net result 2025: €22,491€22,50020242025
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,528
Fixed assets €2,278 ▼ 18.0%
Current assets €70,250 ▲ 59.4%
Equity and liabilities €72,528
Equity €53,618 ▲ 72.3%
Debt €18,910 ▲ 20.4%
Debt's share of the balance-sheet total falls from 33.5% to 26.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,839▼
2024 · €34,105
Cash flow
€22,991▼
2024 · €26,649
Current ratio
3.71▲
2024 · 2.80
Debt to equity
0.35▼
2024 · 0.50
ROE
41.9%▼
2024 · 83.9%
ROA
31.0%▼
2024 · 55.8%
Interest coverage
20.61▼
2024 · 152.45
Debt ≤ 1 year
€18,910▲
2024 · €15,709
Income taxes
€6,353▼
2024 · €7,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% 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: 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 39,275 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€46,837€72,528▲
Fixed assets21/28€2,778€2,278▼
Tangible fixed assets22/27€1,978€1,478▼
Plant, machinery and equipment23€1,978€1,478▼
Financial fixed assets28€800€800=
Current assets29/58€44,058€70,250▲
Amounts receivable within one year40/41€39,398€69,130▲
Trade receivables40€36,256€35,818▼
Other amounts receivable41€3,142€33,312▲
Cash at bank and in hand54/58€4,525€621▼
Deferred charges and accrued income490/1€135€499▲
Equity and liabilities
Total equity and liabilities10/49€46,837€72,528▲
Equity10/15€31,127€53,618▲
Contributions10/11€5,000€5,000=
Reserves13€26,127€48,618▲
Distributable reserves133€26,127€48,618▲
Amounts payable17/49€15,709€18,910▲
Amounts payable within one year42/48€15,709€18,910▲
Trade debts44€5,476€5,324▼
Suppliers440/4€5,476€5,324▼
Taxes, remuneration and social security45€10,234€13,587▲
Taxes450/3€10,234€13,587▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€522€500▼
Other operating charges640/8€601€696▲
Gross operating margin9900€34,706€31,535▼
Operating profit (loss)9901€33,583€30,339▼
Financial income75/76B€1€1=
Recurring financial income75€1€1=
Financial charges65/66B€224€1,497▲
Recurring financial charges65€224€1,497▲
Profit (loss) for the period before taxes9903€33,361€28,844▼
Income taxes67/77€7,234€6,353▼
Profit (loss) for the period9904€26,127€22,491▼
Profit (loss) for the period to be appropriated9905€26,127€22,491▼
Appropriation of the result
Profit (loss) to be appropriated9906€26,127€22,491▼
Transfer to equity691/2€26,127€22,491▼
To other reserves6921€26,127€22,491▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€522€500▼ 4.2%
Other operating charges640/8€601€696▲ 15.7%
Gross operating margin9900€34,706€31,535▼ 9.1%
Operating profit (loss)9901€33,583€30,339▼ 9.7%
Financial income75/76B€1€1=
Recurring financial income75€1€1=
Financial charges65/66B€224€1,497▲ 569%
Recurring financial charges65€224€1,497▲ 569%
Profit (loss) for the period before taxes9903€33,361€28,844▼ 13.5%
Income taxes67/77€7,234€6,353▼ 12.2%
Profit (loss) for the period9904€26,127€22,491▼ 13.9%
Profit (loss) for the period to be appropriated9905€26,127€22,491▼ 13.9%
Line20242025Change
Assets
Total assets20/58€46,837€72,528▲ 54.9%
Fixed assets21/28€2,778€2,278▼ 18.0%
Tangible fixed assets22/27€1,978€1,478▼ 25.3%
Plant, machinery and equipment23€1,978€1,478▼ 25.3%
Financial fixed assets28€800€800=
Current assets29/58€44,058€70,250▲ 59.4%
Amounts receivable within one year40/41€39,398€69,130▲ 75.5%
Trade receivables40€36,256€35,818▼ 1.2%
Other amounts receivable41€3,142€33,312▲ 960%
Cash at bank and in hand54/58€4,525€621▼ 86.3%
Deferred charges and accrued income490/1€135€499▲ 270%
Equity and liabilities
Total equity and liabilities10/49€46,837€72,528▲ 54.9%
Equity10/15€31,127€53,618▲ 72.3%
Contributions10/11€5,000€5,000=
Reserves13€26,127€48,618▲ 86.1%
Distributable reserves133€26,127€48,618▲ 86.1%
Amounts payable17/49€15,709€18,910▲ 20.4%
Amounts payable within one year42/48€15,709€18,910▲ 20.4%
Trade debts44€5,476€5,324▼ 2.8%
Suppliers440/4€5,476€5,324▼ 2.8%
Taxes, remuneration and social security45€10,234€13,587▲ 32.8%
Taxes450/3€10,234€13,587▲ 32.8%
Line20242025Change
Profit (loss) for the period9904€26,127€22,491▼ 13.9%
+ Depreciation and write-downs630€522€500▼ 4.2%
Operating cash flow (approximation)€26,649€22,991▼ 13.7%
Investment in fixed assets (approximation)-€0-
Change in cash--€3,904-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
NBB filing
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
1 act for this company is 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, Avelgem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
288 m²
Building footprint
93 m²
Volume, LiDAR
560 m³
Parcel 34003A1370/00T003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DAVICO
Knokstraat 1, 8580 AvelgemGeneral construction of buildings
since 20232.353.084.495
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34003A1370/00T003 Flanders 288 m² 1 · 93 m² 10.3 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.

Similar companies · same sector, comparable size

Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,546 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
Founded18-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003521319
Also 9925:BE1003521319
Registered 28-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.