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DAX CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearRue de la Longue Couture 7, 5300 Andenne, BelgiumKBO/BCE: BE 1020.032.402
Summary

DAX CONSTRUCT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,784) and a net result of -€14,784. Its solvency ranks better than 5% of 34,040 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394452.

Equity
-€12,784
Total assets
€13,748
Net result
-€14,784
Working capital
-€16,737

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €12,716
Fixed assets €2,921
Current assets €9,795
Equity and liabilities
Equity-€12,784
Debt€26,533
Equity is negative: debt (€26,533) exceeds the balance-sheet total (€13,748).
Key figures and ratios
2025 value
EBITDA
-€14,041
Cash flow
-€14,068
Solvency
-93.0%
Current ratio
0.37
ROA
-107.5%
Interest coverage
-522.95
Debt
€26,533
Debt ≤ 1 year
€26,533
Staff costs
€26,509
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,322 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 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€13,748
Formation expenses20€1,032
Fixed assets21/28€2,921
Intangible fixed assets21€1,241
Tangible fixed assets22/27€1,681
Furniture and vehicles24€1,681
Current assets29/58€9,795
Amounts receivable within one year40/41€773
Trade receivables40€738
Other amounts receivable41€35
Cash at bank and in hand54/58€9,022
Equity and liabilities
Total equity and liabilities10/49€13,748
Equity10/15-€12,784
Contributions10/11€2,000
Profit (loss) carried forward14-€14,784
Amounts payable17/49€26,533
Amounts payable within one year42/48€26,533
Trade debts44€845
Suppliers440/4€845
Taxes, remuneration and social security45€6,044
Taxes450/3€1,774
Remuneration and social security454/9€4,270
Other amounts payable47/48€19,643
Income statement Code2025
Remuneration, social security and pensions62€26,509
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€716
Other operating charges640/8€1,423
Gross operating margin9900€13,891
Operating profit (loss)9901-€14,758
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903-€14,784
Profit (loss) for the period9904-€14,784
Profit (loss) for the period to be appropriated9905-€14,784
Appropriation of the result
Profit (loss) to be appropriated9906-€14,784

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€26,509
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€716
Other operating charges640/8€1,423
Gross operating margin9900€13,891
Operating profit (loss)9901-€14,758
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903-€14,784
Profit (loss) for the period9904-€14,784
Profit (loss) for the period to be appropriated9905-€14,784
Line2025
Assets
Total assets20/58€13,748
Formation expenses20€1,032
Fixed assets21/28€2,921
Intangible fixed assets21€1,241
Tangible fixed assets22/27€1,681
Furniture and vehicles24€1,681
Current assets29/58€9,795
Amounts receivable within one year40/41€773
Trade receivables40€738
Other amounts receivable41€35
Cash at bank and in hand54/58€9,022
Equity and liabilities
Total equity and liabilities10/49€13,748
Equity10/15-€12,784
Contributions10/11€2,000
Profit (loss) carried forward14-€14,784
Amounts payable17/49€26,533
Amounts payable within one year42/48€26,533
Trade debts44€845
Suppliers440/4€845
Taxes, remuneration and social security45€6,044
Taxes450/3€1,774
Remuneration and social security454/9€4,270
Other amounts payable47/48€19,643
Line2025
Profit (loss) for the period9904-€14,784
+ Depreciation and write-downs630€716
Operating cash flow (approximation)-€14,068

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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Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 19,825 companies in this sector, figures are known for 9,196. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.