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David Building

Active
Private limited companyfounded 20233 yrs activeGuldenschaapstraat 6, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0797.990.888
Summary

The computed 12-month bankruptcy probability of David Building is 7.2% (elevated). The 2024 annual accounts show equity of €31,206 and a net result of €16,270. Its solvency ranks better than 72% of 9974 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
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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 2024
Solvency, 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 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
24 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 43 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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 publications
Publications
Address struckAddress strikeout annulled

History

David Building was incorporated on 3 February 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€99,210
EBIT margin
18.2%
Net result
€16,270▲ 8.9%
2023 · €14,936
Working capital
€28,601▲ 91.5%
2023 · €14,936
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€99,210-
Operating result€18,052-€21,848▲ 21.0%
Net result€14,936-€16,270▲ 8.9%
EBIT margin18.2%-
Equity€14,936-€31,206▲ 109%
Total assets€18,950-€49,328▲ 160%
Debt€4,015-€18,123▲ 351%
Working capital€14,936-€28,601▲ 91.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2023: €18,052€18,052Net result 2023: €14,936€14,936Operating result 2024: €21,848€21,848Net result 2024: €16,270€16,27020232024€0€10,000€20,000Operating result 2023: €18,052€18,100Net result 2023: €14,936€14,900Operating result 2024: €21,848€21,800Net result 2024: €16,270€16,30020232024
The operating result rises in 2024; 2024 is 21% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49,328
Fixed assets €2,605
Current assets €46,724
Equity and liabilities €49,328
Equity €31,206 ▲ 109%
Debt €18,123 ▲ 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
2024 value · change against 2023
EBITDA
€22,343
Cash flow
€16,766
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
€18,123▲
2023 · €4,015
Income taxes
€5,373▲
2023 · €4,015
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: 7.2% 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 · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€18,950€49,328▲
Fixed assets21/28-€2,605
Tangible fixed assets22/27-€2,605
Furniture and vehicles24-€2,605
Current assets29/58€18,950€46,724▲
Amounts receivable within one year40/41€18,950€40,330▲
Trade receivables40€653-
Other amounts receivable41€18,298€40,330▲
Cash at bank and in hand54/58€0€6,394▲
Equity and liabilities
Total equity and liabilities10/49€18,950€49,328▲
Equity10/15€14,936€31,206▲
Profit (loss) carried forward14€14,936€31,206▲
Amounts payable17/49€4,015€18,123▲
Amounts payable within one year42/48€4,015€18,123▲
Trade debts44-€9,325
Suppliers440/4-€9,325
Taxes, remuneration and social security45€4,015€8,797▲
Taxes450/3€4,015€8,797▲
Income statement Code20232024
Turnover70€99,210-
Goods, raw materials, services and sundry goods60/61€80,271-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€495
Other operating charges640/8€887€1,689▲
Gross operating margin9900€18,939€24,032▲
Operating profit (loss)9901€18,052€21,848▲
Financial income75/76B€941€1▼
Recurring financial income75€941€1▼
Financial charges65/66B€43€205▲
Recurring financial charges65€43€205▲
Profit (loss) for the period before taxes9903€18,950€21,644▲
Income taxes67/77€4,015€5,373▲
Profit (loss) for the period9904€14,936€16,270▲
Profit (loss) for the period to be appropriated9905€14,936€16,270▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,936€31,206▲
Profit (loss) brought forward from the previous period14P-€14,936

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€99,210--
Goods, raw materials, services and sundry goods60/61€80,271--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€495-
Other operating charges640/8€887€1,689▲ 90.5%
Gross operating margin9900€18,939€24,032▲ 26.9%
Operating profit (loss)9901€18,052€21,848▲ 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€18,950€21,644▲ 14.2%
Income taxes67/77€4,015€5,373▲ 33.8%
Profit (loss) for the period9904€14,936€16,270▲ 8.9%
Profit (loss) for the period to be appropriated9905€14,936€16,270▲ 8.9%
Line20232024Change
Assets
Total assets20/58€18,950€49,328▲ 160%
Fixed assets21/28-€2,605-
Tangible fixed assets22/27-€2,605-
Furniture and vehicles24-€2,605-
Current assets29/58€18,950€46,724▲ 147%
Amounts receivable within one year40/41€18,950€40,330▲ 113%
Trade receivables40€653--
Other amounts receivable41€18,298€40,330▲ 120%
Cash at bank and in hand54/58€0€6,394▲ 2,779,904%
Equity and liabilities
Total equity and liabilities10/49€18,950€49,328▲ 160%
Equity10/15€14,936€31,206▲ 109%
Profit (loss) carried forward14€14,936€31,206▲ 109%
Amounts payable17/49€4,015€18,123▲ 351%
Amounts payable within one year42/48€4,015€18,123▲ 351%
Trade debts44-€9,325-
Suppliers440/4-€9,325-
Taxes, remuneration and social security45€4,015€8,797▲ 119%
Taxes450/3€4,015€8,797▲ 119%
Line20232024Change
Profit (loss) for the period9904€14,936€16,270▲ 8.9%
+ Depreciation and write-downs630-€495-
Operating cash flow (approximation)€14,936€16,766▲ 12.3%
Change in cash-€6,394-

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

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
seat establishment The establishment unit on the map
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
Basilieklaan 15, 1082 Sint-Agatha-BerchemGeneral construction of buildings
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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,487 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797990888

Register as of 27 September 2026 · Peppol Directory

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