db construct
ActiveSummary
db construct has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €192,769 and a net result of €30,534. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 6.87 against 4.87 in 2023; short-term debt: 14.5% and cash: 24.4% of total assets), and 14.5% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
15 d early
2022
11 d early
2021
19 d late
2020
13 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€192,769▲ 18.8%
2023 · €162,235
Total assets
€225,572▲ 10.6%
2023 · €203,874
Net result
€30,534▼ 24.4%
2023 · €40,414
Working capital
€192,444▲ 19.5%
2023 · €161,100
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
Line20202021202220232024
Operating result€15,818▼ 50.1%€26,710▲ 68.9%€22,683▼ 15.1%€62,562▲ 176%€45,594▼ 27.1%
Net result€9,793within the sector's middle half▼ 48.1%€20,028within the sector's middle half▲ 105%€14,483within the sector's middle half▼ 27.7%€40,414above the sector's middle half▲ 179%€30,534above the sector's middle half▼ 24.4%
Equity€87,310within the sector's middle half▲ 12.6%€107,338within the sector's middle half▲ 22.9%€121,821within the sector's middle half▲ 13.5%€162,235above the sector's middle half▲ 33.2%€192,769above the sector's middle half▲ 18.8%
Total assets€124,040within the sector's middle half▼ 10.5%€149,351within the sector's middle half▲ 20.4%€178,113within the sector's middle half▲ 19.3%€203,874within the sector's middle half▲ 14.5%€225,572within the sector's middle half▲ 10.6%
Debt€36,730▼ 39.8%€42,013▲ 14.4%€56,292▲ 34.0%€41,639▼ 26.0%€32,803▼ 21.2%
Working capital€83,460▲ 11.0%€104,920▲ 25.7%€119,645▲ 14.0%€161,100▲ 34.6%€192,444▲ 19.5%
Solvency70.4%above the sector's middle half▲ 14.4pp71.9%above the sector's middle half▲ 1.5pp68.4%above the sector's middle half▼ 3.5pp79.6%above the sector's middle half▲ 11.2pp85.5%above the sector's middle half▲ 5.9pp
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
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225,572
Fixed assets
€325 ▼ 71.4%
Current assets
€225,247 ▲ 11.1%
Equity and liabilities €225,572
Equity
€192,769 ▲ 18.8%
Debt
€32,803 ▼ 21.2%
Debt's share of the balance-sheet total falls from 20.4% to 14.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46,404▼
2023 · €63,604
Cash flow
€31,344▼
2023 · €41,456
Current ratio
6.87▲
2023 · 4.87
Debt to equity
0.17▼
2023 · 0.26
ROE
15.8%▼
2023 · 24.9%
ROA
13.5%▼
2023 · 19.8%
Interest coverage
76.96▲
2023 · 37.55
Debt ≤ 1 year
€32,803▼
2023 · €41,639
Income taxes
€14,491▼
2023 · €20,494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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%.
| 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €458 | €827 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,139 | €1,431 | €1,084 | €1,042 | €810 | ▼ 22.3% |
| Other operating charges640/8 | - | €1,719 | €1,763 | €1,886 | €2,158 | ▲ 14.4% |
| Gross operating margin9900 | €18,616 | €30,318 | €26,357 | €65,490 | €48,562 | ▼ 25.8% |
| Operating profit (loss)9901 | €15,818 | €26,710 | €22,683 | €62,562 | €45,594 | ▼ 27.1% |
| Financial income75/76B | - | €4,526 | €157 | €40 | €34 | ▼ 15.0% |
| Recurring financial income75 | €343 | €4,526 | €157 | €40 | €34 | ▼ 15.0% |
| Financial charges65/66B | - | €852 | €821 | €1,694 | €603 | ▼ 64.4% |
| Recurring financial charges65 | €2,863 | €852 | €821 | €1,694 | €603 | ▼ 64.4% |
| Profit (loss) for the period before taxes9903 | €13,298 | €30,384 | €22,018 | €60,908 | €45,025 | ▼ 26.1% |
| Income taxes67/77 | €3,505 | €10,356 | €7,535 | €20,494 | €14,491 | ▼ 29.3% |
| Profit (loss) for the period9904 | €9,793 | €20,028 | €14,483 | €40,414 | €30,534 | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €9,793 | €20,028 | €14,483 | €40,414 | €30,534 | ▼ 24.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,040 | €149,351 | €178,113 | €203,874 | €225,572 | ▲ 10.6% |
| Fixed assets21/28 | €3,850 | €2,418 | €2,177 | €1,135 | €325 | ▼ 71.4% |
| Tangible fixed assets22/27 | €3,850 | €2,418 | €2,177 | €1,135 | €325 | ▼ 71.4% |
| Plant, machinery and equipment23 | - | €1,099 | €636 | €247 | €89 | ▼ 64.0% |
| Furniture and vehicles24 | - | €1,319 | €1,541 | €888 | €236 | ▼ 73.4% |
| Current assets29/58 | €120,191 | €146,933 | €175,937 | €202,739 | €225,247 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €49,974 | €26,582 | €15,869 | €89,900 | €168,440 | ▲ 87.4% |
| Trade receivables40 | - | €19,001 | €10,046 | €63,477 | €5,703 | ▼ 91.0% |
| Other amounts receivable41 | - | €7,581 | €5,823 | €26,423 | €162,737 | ▲ 516% |
| Cash at bank and in hand54/58 | €68,047 | €118,067 | €147,790 | €111,212 | €55,053 | ▼ 50.5% |
| Deferred charges and accrued income490/1 | - | €2,285 | €12,278 | €1,627 | €1,754 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,040 | €149,351 | €178,113 | €203,874 | €225,572 | ▲ 10.6% |
| Equity10/15 | €87,310 | €107,338 | €121,821 | €162,235 | €192,769 | ▲ 18.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €81,110 | €101,138 | €115,621 | €156,035 | €186,569 | ▲ 19.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €99,278 | €113,761 | €154,175 | €184,709 | ▲ 19.8% |
| Amounts payable17/49 | €36,730 | €42,013 | €56,292 | €41,639 | €32,803 | ▼ 21.2% |
| Amounts payable within one year42/48 | €36,730 | €42,013 | €56,292 | €41,639 | €32,803 | ▼ 21.2% |
| Trade debts44 | €3,781 | €31,657 | €34,557 | €2,212 | €2,575 | ▲ 16.4% |
| Suppliers440/4 | - | €31,657 | €34,557 | €2,212 | €2,575 | ▲ 16.4% |
| Advances received on contracts in progress46 | - | - | - | - | €8,000 | - |
| Taxes, remuneration and social security45 | - | €10,356 | €7,535 | €39,427 | €20,494 | ▼ 48.0% |
| Taxes450/3 | - | €10,356 | €7,535 | €28,029 | €20,494 | ▼ 26.9% |
| Remuneration and social security454/9 | - | - | - | €11,398 | - | - |
| Other amounts payable47/48 | - | €0 | €14,200 | - | €1,734 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,793 | €20,028 | €14,483 | €40,414 | €30,534 | ▼ 24.4% |
| + Depreciation and write-downs630 | €1,139 | €1,431 | €1,084 | €1,042 | €810 | ▼ 22.3% |
| Operating cash flow (approximation) | €10,932 | €21,460 | €15,567 | €41,456 | €31,344 | ▼ 24.4% |
| Investment in fixed assets (approximation) | - | €0 | -€842 | -€0 | €0 | ▲ 100% |
| Change in cash | - | €50,020 | €29,724 | -€36,578 | -€56,159 | ▼ 53.5% |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40,414 ▲179%
Operating result €62,562, net result €40,414, both a record.
31-12
Financial
Equity above €150,000Eq €162,235 ▲33.2%
6 profitable years in a row build equity to €162,235.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Equity above €100,000Eq €107,338 ▲22.9%
4 profitable years in a row build equity to €107,338.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2008
Ground area
507 m²
Building footprint
151 m²
Volume, LiDAR
719 m³
Parcel 36505B0556/00N000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
db construct
since 20082.171.174.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505B0556/00N000 | Flanders | 507 m² | 1 · 151 m² | 8.0 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
Marc en Luc VERVAECK
BE 0437.012.615
Zulte · Eq €192,788
Les Menuisiers bâtisseurs
BE 0823.002.042
Wellin · Eq €192,804
CVD PROJECTS
BE 0477.178.632
Lier · Eq €192,894
VANDEPUTTE R. EN D. CONSTRUCTIES
BE 0473.359.010
Tielt · Eq €193,060
Venster
BE 0745.982.161
Evergem · Eq €193,178
Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,449 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 (pre-2019)
Founded04-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898402023
Also
9925:BE0898402023
Registered
18-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.