David De Schepper
ActiveSummary
David De Schepper has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,822 and a net result of €5,951. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-4
Solvency58▼-7
Growth68=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.6 in 2024; short-term debt: 67.2% of total assets), and 67.2% of the assets are financed with debt.
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Signals
Three 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 · 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
32.8%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
59 d early
2023
58 d early
2022
62 d early
2021
59 d early
2020
38 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€332,969▼ 10.8%
2023 · €373,383
EBIT margin
9.0%▲ 5.9pp
2023 · 3.1%
Net result
€5,951▼ 70.7%
2024 · €20,309
Working capital
€70,451▲ 11.4%
2024 · €63,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Turnover€227,823▼ 27.8%€303,876▲ 33.4%€373,383▲ 22.9%€332,969▼ 10.8%
Operating result€7,110▲ 36.9%€28,120▲ 296%€11,565▼ 58.9%€29,825▲ 158%€10,210▼ 65.8%
Net result€3,945within the sector's middle half▲ 883%€21,592within the sector's middle half▲ 447%€5,086within the sector's middle half▼ 76.4%€20,309within the sector's middle half▲ 299%€5,951within the sector's middle half▼ 70.7%
EBIT margin3.1%▲ 1.5pp9.3%▲ 6.1pp3.1%▼ 6.2pp9.0%▲ 5.9pp
Equity€24,883within the sector's middle half▲ 18.8%€46,475within the sector's middle half▲ 86.8%€51,561within the sector's middle half▲ 10.9%€71,870within the sector's middle half▲ 39.4%€77,822within the sector's middle half▲ 8.3%
Total assets€94,601within the sector's middle half▼ 40.5%€102,850within the sector's middle half▲ 8.7%€95,619within the sector's middle half▼ 7.0%€179,803within the sector's middle half▲ 88.0%€237,096within the sector's middle half▲ 31.9%
Debt€69,719▼ 49.5%€56,375▼ 19.1%€44,058▼ 21.8%€107,933▲ 145%€159,274▲ 47.6%
Working capital€1,521within the sector's middle half▼ 54.3%€27,945within the sector's middle half▲ 1,738%€39,891within the sector's middle half▲ 42.7%€63,236within the sector's middle half▲ 58.5%€70,451within the sector's middle half▲ 11.4%
Solvency26.3%within the sector's middle half▲ 13.1pp45.2%within the sector's middle half▲ 18.9pp53.9%within the sector's middle half▲ 8.7pp40.0%within the sector's middle half▼ 14.0pp32.8%within the sector's middle half▼ 7.1pp
Current ratio1.02below the sector's middle half=1.55within the sector's middle half▲ 0.531.99within the sector's middle half▲ 0.441.60within the sector's middle half▼ 0.391.44within the sector's middle half▼ 0.15
Return on assets (ROA)4.2%within the sector's middle half▲ 3.9pp21.0%above the sector's middle half▲ 16.8pp5.3%within the sector's middle half▼ 15.7pp11.3%within the sector's middle half▲ 6.0pp2.5%within the sector's middle half▼ 8.8pp
Staff (FTE)0.9▼ 55.0%0.8▼ 11.1%1.2▲ 50.0%1▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237,096
Fixed assets
€7,370 ▼ 28.4%
Current assets
€229,726 ▲ 35.5%
Equity and liabilities €237,096
Equity
€77,822 ▲ 8.3%
Debt
€159,274 ▲ 47.6%
Debt's share of the balance-sheet total rises from 60.0% to 67.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,857▼
2024 · €34,785
Cash flow
€10,599▼
2024 · €25,270
Quick ratio
1.29▼
2024 · 1.60
Debt to equity
2.05▲
2024 · 1.50
ROE
7.6%▼
2024 · 28.3%
Interest coverage
9.13▼
2024 · 43.89
Debt ≤ 1 year
€159,274▲
2024 · €106,268
Income taxes
€1,953▼
2024 · €8,764
Staff costs
€81,661▲
2024 · €45,865
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €227,823 | €303,876 | €373,383 | €332,969 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €184,280 | €236,249 | €301,352 | €251,565 | - | - |
| Remuneration, social security and pensions62 | €29,840 | €30,975 | €49,171 | €45,865 | €81,661 | ▲ 78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,409 | €6,895 | €6,361 | €4,961 | €4,647 | ▼ 6.3% |
| Other operating charges640/8 | €1,184 | €1,639 | €4,935 | €754 | €810 | ▲ 7.5% |
| Gross operating margin9900 | €43,543 | €67,628 | €72,032 | €81,404 | €97,328 | ▲ 19.6% |
| Operating profit (loss)9901 | €7,110 | €28,120 | €11,565 | €29,825 | €10,210 | ▼ 65.8% |
| Financial income75/76B | €2,052 | €1,909 | €2,199 | €193 | - | - |
| Recurring financial income75 | €2,052 | €1,909 | €2,199 | €193 | - | - |
| Non-recurring financial income76B | €2,052 | €1,909 | €2,199 | €193 | - | - |
| Financial charges65/66B | €3,180 | €3,801 | €4,568 | €945 | €2,306 | ▲ 144% |
| Recurring financial charges65 | €2,172 | €1,861 | €1,990 | €793 | €1,627 | ▲ 105% |
| Non-recurring financial charges66B | €1,008 | €1,940 | €2,577 | €152 | €679 | ▲ 347% |
| Profit (loss) for the period before taxes9903 | €5,982 | €26,228 | €9,196 | €29,073 | €7,904 | ▼ 72.8% |
| Income taxes67/77 | €2,037 | €4,635 | €4,110 | €8,764 | €1,953 | ▼ 77.7% |
| Profit (loss) for the period9904 | €3,945 | €21,592 | €5,086 | €20,309 | €5,951 | ▼ 70.7% |
| Profit (loss) for the period to be appropriated9905 | €3,945 | €21,592 | €5,086 | €20,309 | €5,951 | ▼ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,601 | €102,850 | €95,619 | €179,803 | €237,096 | ▲ 31.9% |
| Fixed assets21/28 | €23,362 | €23,967 | €15,260 | €10,299 | €7,370 | ▼ 28.4% |
| Tangible fixed assets22/27 | €23,362 | €23,967 | €15,260 | €10,299 | €7,370 | ▼ 28.4% |
| Plant, machinery and equipment23 | €15,211 | €18,487 | €12,342 | €8,494 | €4,916 | ▼ 42.1% |
| Furniture and vehicles24 | €8,151 | €5,480 | €2,917 | €1,805 | €2,454 | ▲ 36.0% |
| Current assets29/58 | €71,239 | €78,883 | €80,359 | €169,504 | €229,726 | ▲ 35.5% |
| Stocks and contracts in progress3 | - | - | - | - | €23,474 | - |
| Stocks30/36 | - | - | - | - | €23,474 | - |
| Amounts receivable within one year40/41 | €55,892 | €70,136 | €71,215 | €163,042 | €198,076 | ▲ 21.5% |
| Trade receivables40 | €30,426 | €40,065 | €18,825 | €159,810 | €191,954 | ▲ 20.1% |
| Other amounts receivable41 | €25,465 | €30,071 | €52,389 | €3,232 | €6,123 | ▲ 89.4% |
| Deferred charges and accrued income490/1 | €15,347 | €8,747 | €9,144 | €6,462 | €8,175 | ▲ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,601 | €102,850 | €95,619 | €179,803 | €237,096 | ▲ 31.9% |
| Equity10/15 | €24,883 | €46,475 | €51,561 | €71,870 | €77,822 | ▲ 8.3% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Outside capital11 | €6,500 | - | - | - | - | - |
| Share premium1100/10 | €6,500 | - | - | - | - | - |
| Reserves13 | €702 | €702 | €702 | €702 | €702 | = |
| Non-distributable reserves130/1 | €702 | €702 | €702 | €702 | €702 | = |
| Legal reserve130 | €702 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €702 | - | - | - | - |
| Other1319 | - | - | €702 | €702 | €702 | = |
| Profit (loss) carried forward14 | €17,681 | €39,273 | €44,359 | €64,668 | €70,620 | ▲ 9.2% |
| Amounts payable17/49 | €69,719 | €56,375 | €44,058 | €107,933 | €159,274 | ▲ 47.6% |
| Amounts payable after more than one year17 | - | €5,438 | €3,590 | €1,665 | - | - |
| Financial debts170/4 | - | €5,438 | €3,590 | €1,665 | - | - |
| Amounts payable within one year42/48 | €69,719 | €50,938 | €40,468 | €106,268 | €159,274 | ▲ 49.9% |
| Current portion of amounts payable after more than one year42 | €2,607 | €1,774 | €1,848 | €1,925 | €1,665 | ▼ 13.5% |
| Trade debts44 | €46,882 | €23,482 | €24,905 | €58,276 | €107,794 | ▲ 85.0% |
| Suppliers440/4 | €46,882 | €23,482 | €24,905 | €58,276 | €107,794 | ▲ 85.0% |
| Taxes, remuneration and social security45 | €8,149 | €21,094 | €13,162 | €20,650 | €31,774 | ▲ 53.9% |
| Taxes450/3 | €4,749 | €17,094 | €10,640 | €11,336 | €26,087 | ▲ 130% |
| Remuneration and social security454/9 | €3,400 | €4,000 | €2,523 | €9,314 | €5,687 | ▼ 38.9% |
| Other amounts payable47/48 | €12,080 | €4,587 | €552 | €25,417 | €18,041 | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,945 | €21,592 | €5,086 | €20,309 | €5,951 | ▼ 70.7% |
| + Depreciation and write-downs630 | €5,409 | €6,895 | €6,361 | €4,961 | €4,647 | ▼ 6.3% |
| Operating cash flow (approximation) | €9,354 | €28,487 | €11,447 | €25,270 | €10,599 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | -€7,500 | €2,347 | €0 | -€1,719 | - |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €21,592 ▲447%
Net result €21,592, the highest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €401 ▼92.9%
Net result drops to €401, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Gillis-Waas · 1 establishment unit since 2015
Ground area
1,105 m²
Building footprint
153 m²
Parcel 46015B0756/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Smishoekstraat(MD) 28, 9170 Sint-Gillis-Waas
since 20152.247.501.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46015B0756/00L000 | Flanders | 1,105 m² | 1 · 153 m² | - |
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.
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 4 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 4 ended approvals
Metselaar (so)
Werfbediener (so)
Werfbediener (so)
Metselaar (so)
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,210 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
Founded03-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43230Insulation installation
43331Floor and wall tiling
43910Bricklaying and masonry work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0642595207
Also
9925:BE0642595207
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.