Equity
DC Development has made a profit in every financial year since 2019.
In July 2024, 6,780 companies had the same profile as DC Development has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,780 companies, not a prediction for DC Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| DC Development Hasselt | €1.3m | €200,378 | 32.0% | - |
| LANDI BOUW Maasmechelen | €1.3m | €184,590 | 18.7% | 2.3 |
| MV Invest & Rental Ardooie | €1.2m | €201,921 | 43.3% | 0 |
| StructurEA Chaudfontaine | €1.2m | €183,512 | 10.8% | - |
| DUBECOR Ghent | €1.4m | €238,016 | 28.6% | 0.6 |
| RESIM Oostkamp | €1.1m | €232,346 | 69.6% | - |
| SOFIMED Molenbeek-Saint-Jean | €1.4m | €195,610 | 11.2% | - |
These companies have the same main activity as DC Development: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 2017 and 2019.
DC Development files the abbreviated format. That format states no turnover. The gross margin rose from €129,605 in 2019 to €200,378 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €710,000. Estimated: probably between €480,000 and €1.1m.
Higher than 45% of 2,642 companies in 2025.
Higher than 39% of 2,595 companies in 2025.
Higher than 61% of 2,622 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.3m | 1.5m | 841,715 | 428,289 | 280,000 | 229,522 | 155,700 | |
21/28 |
721,600 | 760,176 | 153,755 | 450 | 46,204 | 72,424 | 98,803 | |
22/27 |
591,586 | 621,042 | 5,591 | 435 | 46,189 | 72,409 | 98,788 | |
22 |
496,964 | 500,383 | 2,531 | - | 38,364 | 44,395 | 49,423 | |
23 |
3,192 | 4,074 | 10 | 329 | 648 | 257 | 1,028 | |
24 |
91,430 | 116,585 | 3,050 | 106 | 7,177 | 27,757 | 48,337 | |
28 |
130,013 | 139,134 | 148,164 | 15 | 15 | 15 | 15 | |
29/58 |
600,331 | 786,415 | 687,960 | 427,839 | 233,795 | 157,098 | 56,898 | |
29 |
- | - | - | 20,000 | - | - | - | |
291 |
- | - | - | 20,000 | - | - | - | |
3 |
259,937 | 278,542 | 203,125 | - | - | - | - | |
30/36 |
259,937 | 278,542 | 203,125 | - | - | - | - | |
40/41 |
325,208 | 483,882 | 407,971 | 220,117 | 25,000 | 18,420 | 1,717 | |
40 |
14,446 | 21,874 | 22,546 | - | - | 18,420 | 1,717 | |
41 |
310,762 | 462,009 | 385,425 | 220,117 | 25,000 | - | - | |
54/58 |
12,369 | 20,788 | 73,731 | 184,565 | 205,875 | 136,657 | 55,181 | |
490/1 |
2,816 | 3,203 | 3,133 | 3,156 | 2,921 | 2,021 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.3m | 1.5m | 841,715 | 428,289 | 280,000 | 229,522 | 155,700 | |
10/15 |
422,661 | 346,432 | 303,018 | 255,263 | 194,964 | 124,070 | 51,902 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | 6,200 | 6,200 | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
416,461 | 340,232 | 296,818 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
416,461 | 340,232 | 296,818 | - | - | - | - | |
14 |
- | - | - | 247,203 | 186,904 | 116,010 | 43,842 | |
17/49 |
899,270 | 1.2m | 538,698 | 173,025 | 85,036 | 105,452 | 103,798 | |
17 |
436,933 | 480,348 | 79,701 | 89,722 | 14,838 | 32,466 | 49,900 | |
170/4 |
436,933 | 480,348 | 79,701 | 89,722 | 14,838 | 32,466 | 49,900 | |
42/48 |
462,337 | 719,811 | 458,997 | 83,303 | 70,198 | 72,986 | 53,898 | |
42 |
43,415 | 43,119 | 10,021 | 24,668 | 17,627 | 17,435 | 17,244 | |
43 |
- | 420,000 | 310,000 | - | - | - | - | |
430/8 |
- | 420,000 | 310,000 | - | - | - | - | |
44 |
10,167 | 20,961 | 2,192 | 3,122 | 4,463 | 2,260 | 12,311 | |
440/4 |
10,167 | 20,961 | 2,192 | 3,122 | 4,463 | 2,260 | 12,311 | |
46 |
- | 60 | - | - | - | - | - | |
45 |
30,149 | 2,507 | 33,405 | 55,514 | 47,512 | 43,013 | 15,809 | |
450/3 |
26,788 | 2,507 | 29,470 | 51,591 | 47,512 | 43,013 | 15,809 | |
454/9 |
3,361 | - | 3,935 | 3,923 | - | - | - | |
47/48 |
378,606 | 233,165 | 103,379 | - | 596 | 10,279 | 8,534 | |
| Income statement | ||||||||
76A |
- | 10,400 | - | - | - | - | - | |
9900 |
200,378 | 100,977 | 95,468 | 92,526 | 117,416 | 119,884 | 129,605 | |
62 |
- | - | - | - | - | - | 25,619 | |
630 |
42,037 | 19,219 | 1,551 | 7,391 | 27,177 | 27,382 | 45,469 | |
631/4 |
- | - | - | 5,306 | - | - | - | |
640/8 |
2,590 | 1,091 | 25,617 | 162 | 410 | 410 | 932 | |
9901 |
155,751 | 80,667 | 68,300 | 79,668 | 89,829 | 92,093 | 57,585 | |
75/76B |
1,689 | 1,280 | 2,276 | - | - | 13 | 211 | |
75 |
1,689 | 1,280 | 2,276 | - | - | 13 | 211 | |
65/66B |
55,375 | 25,104 | 8,868 | 1,813 | 539 | 966 | 128 | |
65 |
25,375 | 25,104 | 8,868 | 1,813 | 539 | 966 | 128 | |
66B |
30,000 | - | - | - | - | - | - | |
9903 |
102,066 | 56,842 | 61,709 | 77,854 | 89,290 | 91,140 | 57,668 | |
67/77 |
25,836 | 13,428 | 13,954 | 17,554 | 18,396 | 18,972 | 11,966 | |
9904 |
76,229 | 43,414 | 47,754 | 60,300 | 70,894 | 72,167 | 45,702 | |
9905 |
76,229 | 43,414 | 47,754 | 60,300 | 70,894 | 72,167 | 45,702 | |
| Appropriation of the result | ||||||||
9906 |
76,229 | 43,414 | 294,958 | 247,203 | 186,904 | 116,010 | 45,702 | |
14P |
- | - | 247,203 | 186,904 | 116,010 | - | - | |
691/2 |
76,229 | 43,414 | 294,958 | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
6921 |
76,229 | 43,414 | 294,958 | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | - | - | - | - | 0.7 | |
Hours worked1013 |
- | - | - | - | - | - | 1,088 | |
| Document | ||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00308566 | |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00249241 | |
| 31-12-2023 | abbreviated format | 31-08-2024 | 2024-00446610 | |
| 31-12-2022 | abbreviated format | 22-08-2023 | 2023-00340329 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20293452 | |
| 31-12-2020 | abbreviated format | 23-08-2021 | 2021-51100259 | |
| 31-12-2019 | abbreviated format | 18-09-2020 | 2020-53700572 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 197,788 | 99,886 | 69,851 | 87,058 | 117,006 | 119,474 | 103,054 | ||
| 118,266 | 62,633 | 49,305 | 67,691 | 98,071 | 99,549 | 91,171 | ||
| 12,581 | 634,671 | 6,707 | -38,364 | 958 | 1,003 | 144,272 | ||
| -8,419 | -52,943 | -110,834 | -21,309 | 69,218 | 81,476 | - | ||
| 137,994 | 66,603 | 228,964 | 344,535 | 163,598 | 84,112 | 3,000 | ||
| 32.0% | 22.4% | 36.0% | 59.6% | 69.6% | 54.1% | 33.3% | ||
| 1.30 | 1.09 | 1.50 | 5.14 | 3.33 | 2.15 | 1.06 | ||
| 0.74 | 0.71 | 1.06 | 5.14 | 3.33 | 2.15 | 1.06 | ||
| 2.13 | 3.46 | 1.78 | 0.68 | 0.44 | 0.85 | 2.00 | ||
| 18.0% | 12.5% | 15.8% | 23.6% | 36.4% | 58.2% | 88.1% | ||
| 5.8% | 2.8% | 5.7% | 14.1% | 25.3% | 31.4% | 29.4% | ||
| 7.79 | 3.98 | 7.88 | 48.01 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €32,466 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,581 | €634,671 | €6,707 | - | €958 |
| €42,037 | €19,219 | €1,551 | €7,391 | €27,177 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 93% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 77.6% to 68.0%. Equity is higher and debt is lower.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| Name | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 50% | ||||
Source: list of holdings in its own accounts
The network starts from the directors of DC Development. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Muggenstraat 14 registered office 3500 Hasselt | 16-05-2018 | 2.276.060.260 |
| 11-12-2024 | Granted | Bouwen of herbouwen submitted 11-07-2024 · project 2024080870 | Riemst |
| 14-03-2024 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 20-11-2023 · project 2023141380 | Hasselt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71323C0043/00P002 | 191 m² | 1 · 79 m² | 10.4 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0695.956.687
If something looks wrong or is missing, please tell us.