David Building
ActiveSummary
The computed 12-month bankruptcy probability of David Building is 7.1% (elevated). The 2024 annual accounts show equity of €31k and a net result of €16k. Its solvency ranks better than 72% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency88▼-12
Growth78
Track record78
Bankruptcy probability, 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.58 against 4.72 in 2023; short-term debt: 36.7% and cash: 13% of total assets), and 36.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.3%
Return on assets
33%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
24 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
Financials · fiscal year 2024, micro schema
Turnover
€99k
EBIT margin
18.2%
Net result
€16k▲ 8.9%
2023 · €15k
Working capital
€29k▲ 91.5%
2023 · €15k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Turnover€99k-
Operating result€18k-€22k▲ 21.0%
Net result€15k-€16k▲ 8.9%
EBIT margin18.2%-
Equity€15k-€31k▲ 109%
Total assets€19k-€49k▲ 160%
Debt€4k-€18k▲ 351%
Working capital€15k-€29k▲ 91.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€3k
Current assets
€47k
Equity and liabilities €49k
Equity
€31k ▲ 109%
Debt
€18k ▲ 351%
Debt's share of the balance-sheet total rises from 21.2% to 36.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k
Cash flow
€17k
Current ratio
2.58▼
2023 · 4.72
Debt to equity
0.58▲
2023 · 0.27
ROE
52.1%▼
2023 · 100.0%
ROA
33.0%▼
2023 · 78.8%
Interest coverage
108.81
Debt ≤ 1 year
€18k▲
2023 · €4k
Income taxes
€5k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €99k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €80k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €495 | - |
| Other operating charges640/8 | €887 | €2k | ▲ 90.5% |
| Gross operating margin9900 | €19k | €24k | ▲ 26.9% |
| Operating profit (loss)9901 | €18k | €22k | ▲ 21.0% |
| Financial income75/76B | €941 | €1 | ▼ 99.9% |
| Recurring financial income75 | €941 | €1 | ▼ 99.9% |
| Financial charges65/66B | €43 | €205 | ▲ 378% |
| Recurring financial charges65 | €43 | €205 | ▲ 378% |
| Profit (loss) for the period before taxes9903 | €19k | €22k | ▲ 14.2% |
| Income taxes67/77 | €4k | €5k | ▲ 33.8% |
| Profit (loss) for the period9904 | €15k | €16k | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €15k | €16k | ▲ 8.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19k | €49k | ▲ 160% |
| Fixed assets21/28 | - | €3k | - |
| Tangible fixed assets22/27 | - | €3k | - |
| Furniture and vehicles24 | - | €3k | - |
| Current assets29/58 | €19k | €47k | ▲ 147% |
| Amounts receivable within one year40/41 | €19k | €40k | ▲ 113% |
| Trade receivables40 | €653 | - | - |
| Other amounts receivable41 | €18k | €40k | ▲ 120% |
| Cash at bank and in hand54/58 | €0 | €6k | ▲ 2,779,904% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19k | €49k | ▲ 160% |
| Equity10/15 | €15k | €31k | ▲ 109% |
| Profit (loss) carried forward14 | €15k | €31k | ▲ 109% |
| Amounts payable17/49 | €4k | €18k | ▲ 351% |
| Amounts payable within one year42/48 | €4k | €18k | ▲ 351% |
| Trade debts44 | - | €9k | - |
| Suppliers440/4 | - | €9k | - |
| Taxes, remuneration and social security45 | €4k | €9k | ▲ 119% |
| Taxes450/3 | €4k | €9k | ▲ 119% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €16k | ▲ 8.9% |
| + Depreciation and write-downs630 | - | €495 | - |
| Operating cash flow (approximation) | €15k | €17k | ▲ 12.3% |
| Change in cash | - | €6k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
05-09
KBO administration
Address strikeout annulled
22-08
KBO administration
Address struck
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
SignalNBB filing
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, Vilvoorde · 1 establishment unit since 2023
Ground area
381 m²
Building footprint
201 m²
Volume, LiDAR
1,844 m³
2 parcels, Brussels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
278
companies at this address
See who is registered here
1 establishment unit
David Building
since 20232.342.044.313
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0114/00A018 | Brussels | 288 m² | 1 · 119 m² | 11.6 m · 3 fl. |
| 23642D0866/00X000 | Flanders | 93 m² | 1 · 82 m² | 11.0 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,482 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
Founded03-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.