DCA
Open bankruptcyFinancials · financial year 2024, full format
2024 annual accounts filed late (54 days) Filed on 23 June 2025, deadline 30 April 2025 (7 months after the close on 30 September 2024, Companies Code art. 3:10). Source: NBB, 2025-00177380.
Turnover
€75.0m▼ 68.8%
2023 · €239.9m
EBIT margin
1.3%▼ 3.1pp
2023 · 4.4%
Net result
-€3.1m
2023 · €3.5m
Working capital
€14.3m▼ 17.2%
2023 · €17.2m
Trend over the years
2019 to 2024, 5 financial years 2019 to 2024, 5 financial years
The operating result falls in 2024; 2024 is 91% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€75.0m
2024
Operating result€0.9m
2024
Net result-€3.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€175.8m
2024
Equity€15.6m
2024
Debt€159.7m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€14.3m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.3%
2024
Return on assets (ROA)-1.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency8.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.10
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)229
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120232024
Turnover€168.6m-€137.2m▼ 18.6%€130.8m▼ 4.6%€239.9m-€75.0m▼ 68.8%
Operating result€4.5m-€4.9m▲ 10.0%€3.4m▼ 31.3%€10.5m-€0.9m▼ 91.1%
Net result€1.3m-€1.5mabove the sector's middle half▲ 13.6%€0.5mabove the sector's middle half▼ 64.5%€3.5mabove the sector's middle half--€3.1mbelow the sector's middle half
EBIT margin2.6%-3.6%▲ 0.9pp2.6%▼ 1.0pp4.4%-1.3%▼ 3.1pp
Equity€13.1m-€14.6mabove the sector's middle half▲ 11.6%€15.2mabove the sector's middle half▲ 3.7%€18.7mabove the sector's middle half-€15.6mabove the sector's middle half▼ 16.6%
Total assets€149.8m-€165.9mabove the sector's middle half▲ 10.8%€162.5mabove the sector's middle half▼ 2.0%€181.8mabove the sector's middle half-€175.8mabove the sector's middle half▼ 3.3%
Debt€136.6m-€151.3m▲ 10.7%€147.4m▼ 2.6%€162.8m-€159.7m▼ 1.9%
Working capital€15.2m-€16.6mabove the sector's middle half▲ 9.0%€18.9mabove the sector's middle half▲ 14.2%€17.2mabove the sector's middle half-€14.3mabove the sector's middle half▼ 17.2%
Solvency8.7%-8.8%below the sector's middle half▲ 0.1pp9.3%below the sector's middle half▲ 0.5pp10.3%below the sector's middle half-8.9%below the sector's middle half▼ 1.4pp
Current ratio1.12-1.12within the sector's middle half▼ 0.011.14within the sector's middle half▲ 0.021.11within the sector's middle half-1.10within the sector's middle half▼ 0.02
Return on assets (ROA)0.9%-0.9%within the sector's middle half=0.3%within the sector's middle half▼ 0.6pp1.9%within the sector's middle half--1.8%below the sector's middle half▼ 3.7pp
Staff (FTE)282.2above the sector's middle half268.5above the sector's middle half▼ 4.9%258.3above the sector's middle half-229above the sector's middle half▼ 11.3%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Turnover -69% on 2023. The previous financial year ran 21 months, this one 12.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175.8m
Fixed assets
€13.0m ▼ 6.0%
Current assets
€162.8m ▼ 3.1%
Equity and liabilities €175.8m
Equity
€15.6m ▼ 16.6%
Provisions
€457,983 ▲ 47.0%
Debt
€159.7m ▼ 1.9%
Debt's share of the balance-sheet total rises from 89.6% to 90.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.8m▼
2023 · €13.0m
Cash flow
-€2.3m▼
2023 · €6.1m
Quick ratio
0.49▼
2023 · 0.57
Debt to equity
10.25▲
2023 · 8.71
ROE
-19.9%▼
2023 · 18.9%
Interest coverage
0.45▼
2023 · 2.50
Debt ≤ 1 year
€148.5m▼
2023 · €150.7m
Debt > 1 year
€11.2m▼
2023 · €12.0m
Income taxes
€22,711▼
2023 · €1.9m
Staff costs
€15.8m▼
2023 · €28.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €188.1m | - | €151.8m | €274.7m | €158.0m | ▼ 42.5% |
| Turnover70 | €168.6m | €137.2m | €130.8m | €239.9m | €75.0m | ▼ 68.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €16.6m | - | €19.4m | €22.8m | €75.4m | ▲ 230% |
| Own construction capitalised72 | €0 | - | €1.3m | €2.6m | €0 | ▼ 100% |
| Other operating income74 | €2.5m | - | €0.4m | €9.2m | €7.5m | ▼ 18.2% |
| Non-recurring operating income76A | €0.5m | - | €0.02m | €0.2m | €0.1m | ▼ 38.9% |
| Operating charges60/66A | €183.7m | - | €148.5m | €264.2m | €157.0m | ▼ 40.6% |
| Goods for resale, raw materials and consumables60 | €116.8m | - | €108.8m | €192.2m | €106.8m | ▼ 44.4% |
| Purchases600/8 | €110.4m | - | €98.5m | €190.7m | €102.8m | ▼ 46.1% |
| Change in stocks: decrease (increase)609 | €6.4m | - | €10.3m | €1.5m | €4.0m | ▲ 166% |
| Services and other goods61 | €37.9m | - | €21.4m | €38.0m | €24.7m | ▼ 35.0% |
| Remuneration, social security and pensions62 | €24.9m | - | €15.1m | €28.5m | €15.8m | ▼ 44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.9m | €2.1m | €2.0m | €2.5m | €0.8m | ▼ 66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.06m | - | -€0.2m | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.3m | €0.1m | ▼ 53.0% |
| Other operating charges640/8 | €0.8m | - | €1.3m | €2.6m | €0.3m | ▼ 87.9% |
| Non-recurring operating charges66A | €0.4m | - | €0.001m | €0.01m | €8.5m | ▲ 678× |
| Operating profit (loss)9901 | €4.5m | €4.9m | €3.4m | €10.5m | €0.9m | ▼ 91.1% |
| Financial income75/76B | €0.5m | - | €0.4m | €2.4m | €1.3m | ▼ 43.7% |
| Recurring financial income75 | €0.5m | €0.5m | €0.4m | €2.4m | €1.3m | ▼ 43.7% |
| Income from financial fixed assets750 | €0 | - | - | - | - | - |
| Income from current assets751 | €0.4m | - | €0.3m | €2.3m | €1.3m | ▼ 44.2% |
| Other financial income752/9 | €0.09m | - | €0.02m | €0.01m | €0.02m | ▲ 50.9% |
| Financial charges65/66B | €2.5m | - | €2.5m | €7.4m | €5.3m | ▼ 28.1% |
| Recurring financial charges65 | €2.5m | €2.8m | €2.5m | €7.4m | €5.3m | ▼ 28.1% |
| Debt charges650 | €1.8m | €2.1m | €1.8m | €5.2m | €3.9m | ▼ 24.7% |
| Other financial charges652/9 | €0.6m | - | €0.7m | €2.2m | €1.4m | ▼ 36.2% |
| Profit (loss) for the period before taxes9903 | €2.5m | €2.5m | €1.2m | €5.4m | -€3.1m | - |
| Income taxes67/77 | €1.2m | €1.0m | €0.7m | €1.9m | €0.02m | ▼ 98.8% |
| Taxes670/3 | €1.2m | - | €0.7m | €1.9m | €0.02m | ▼ 98.8% |
| Tax adjustments and reversals of tax provisions77 | €0.005m | - | €0.001m | €0.004m | €0.001m | ▼ 83.8% |
| Profit (loss) for the period9904 | €1.3m | €1.5m | €0.5m | €3.5m | -€3.1m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.7m | €0.7m | ▲ 1.8% |
| Transfer to tax-exempt reserves689 | €0.8m | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €1.5m | €0.5m | €4.2m | -€2.4m | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149.8m | €165.9m | €162.5m | €181.8m | €175.8m | ▼ 3.3% |
| Fixed assets21/28 | €12.6m | €10.7m | €10.8m | €13.9m | €13.0m | ▼ 6.0% |
| Intangible fixed assets21 | €2.0m | €1.3m | €0.6m | €0.006m | €0.004m | ▼ 30.8% |
| Tangible fixed assets22/27 | €10.1m | €9.0m | €9.7m | €10.5m | €9.9m | ▼ 5.4% |
| Land and buildings22 | €6.9m | - | €7.9m | €9.8m | €9.3m | ▼ 5.2% |
| Plant, machinery and equipment23 | €1.5m | - | €0.8m | €0.3m | €0.2m | ▼ 25.1% |
| Furniture and vehicles24 | €0.9m | - | €0.4m | €0.2m | €0.1m | ▼ 39.3% |
| Leasing and similar rights25 | - | - | €0.5m | €0.2m | €0.3m | ▲ 48.6% |
| Other tangible fixed assets26 | €0.3m | - | €0.1m | €0 | - | - |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | €3.4m | €3.1m | ▼ 7.6% |
| Affiliated companies280/1 | €0.3m | - | €0.3m | €2.5m | €2.9m | ▲ 16.5% |
| Participating interests280 | €0.3m | - | €0.3m | €0.3m | €0.7m | ▲ 143% |
| Amounts receivable281 | - | - | - | €2.2m | €2.2m | = |
| Other financial fixed assets284/8 | €0.09m | - | €0.1m | €0.9m | €0.2m | ▼ 74.1% |
| Shares284 | €0.008m | - | €0.008m | €0.008m | €0.008m | = |
| Amounts receivable and cash guarantees285/8 | €0.08m | - | €0.1m | €0.9m | €0.2m | ▼ 74.7% |
| Current assets29/58 | €137.2m | €155.2m | €151.8m | €167.9m | €162.8m | ▼ 3.1% |
| Amounts receivable after more than one year29 | €5.7m | - | €5.8m | €1.0m | €0.8m | ▼ 25.1% |
| Other amounts receivable291 | €5.7m | - | €5.8m | €1.0m | €0.8m | ▼ 25.1% |
| Stocks and contracts in progress3 | €83.9m | €1.1m | €81.3m | €82.4m | €89.6m | ▲ 8.8% |
| Stocks30/36 | €2.0m | - | €1.8m | €1.9m | €1.3m | ▼ 32.6% |
| Raw materials and consumables30/31 | €1.8m | - | €1.6m | €1.7m | €1.1m | ▼ 36.4% |
| Property held for sale35 | €0.2m | - | €0.2m | €0.2m | €0.2m | = |
| Contracts in progress37 | €81.9m | - | €79.5m | €80.4m | €88.3m | ▲ 9.8% |
| Amounts receivable within one year40/41 | €40.4m | €54.1m | €61.1m | €82.4m | €69.8m | ▼ 15.4% |
| Trade receivables40 | €11.7m | - | €20.3m | €44.4m | €34.0m | ▼ 23.4% |
| Other amounts receivable41 | €28.7m | - | €40.9m | €38.0m | €35.7m | ▼ 6.0% |
| Current investments50/53 | €0.2m | €0 | - | - | - | - |
| Other investments51/53 | €0.2m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6.5m | €2.1m | €3.0m | €1.2m | €1.8m | ▲ 48.5% |
| Deferred charges and accrued income490/1 | €0.5m | - | €0.6m | €0.9m | €0.8m | ▼ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149.8m | €165.9m | €162.5m | €181.8m | €175.8m | ▼ 3.3% |
| Equity10/15 | €13.1m | €14.6m | €15.2m | €18.7m | €15.6m | ▼ 16.6% |
| Contributions10/11 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.0m | - | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | - | €1.0m | €1.0m | €1.0m | = |
| Contributions outside capital11 | €0.003m | - | €0.003m | €0.003m | €0.003m | = |
| Share premium1100/10 | - | - | €0.003m | €0.003m | €0.003m | = |
| Revaluation surpluses12 | €0 | - | - | - | - | - |
| Reserves13 | €12.0m | €13.6m | €14.1m | €17.6m | €14.5m | ▼ 17.6% |
| Non-distributable reserves130/1 | - | - | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | €0.1m | - | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | €1.8m | - | €1.8m | €1.1m | €0.3m | ▼ 68.2% |
| Distributable reserves133 | €10.2m | - | €12.2m | €16.5m | €14.1m | ▼ 14.4% |
| Provisions and deferred taxes16 | - | - | - | €0.3m | €0.5m | ▲ 47.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.5m | ▲ 47.0% |
| Other liabilities and charges164/5 | - | - | - | €0.3m | €0.5m | ▲ 47.0% |
| Amounts payable17/49 | €136.6m | €151.3m | €147.4m | €162.8m | €159.7m | ▼ 1.9% |
| Amounts payable after more than one year17 | €13.9m | €11.9m | €14.4m | €12.0m | €11.2m | ▼ 6.4% |
| Financial debts170/4 | €13.5m | - | €14.4m | €12.0m | €11.2m | ▼ 6.4% |
| Subordinated loans170 | - | - | €4.0m | €4.0m | €4.0m | = |
| Leasing and similar obligations172 | €0.5m | - | €0.3m | €0.3m | €0.3m | ▲ 6.3% |
| Credit institutions173 | €12.9m | - | €10.1m | €7.7m | €7.0m | ▼ 10.2% |
| Other amounts payable178/9 | €0.4m | - | - | - | - | - |
| Amounts payable within one year42/48 | €122.0m | €138.6m | €132.8m | €150.7m | €148.5m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €2.3m | - | €3.1m | €1.9m | €1.4m | ▼ 27.6% |
| Financial debts43 | €58.0m | - | €67.5m | €62.0m | €47.7m | ▼ 22.9% |
| Credit institutions430/8 | €58.0m | - | €67.5m | €62.0m | €47.7m | ▼ 22.9% |
| Trade debts44 | €41.0m | €36.4m | €39.7m | €54.2m | €47.0m | ▼ 13.2% |
| Suppliers440/4 | €41.0m | - | €39.7m | €54.2m | €47.0m | ▼ 13.2% |
| Advances received on contracts in progress46 | €3.1m | - | €7.8m | €5.5m | €12.9m | ▲ 136% |
| Taxes, remuneration and social security45 | €1.8m | - | €2.3m | €4.1m | €6.7m | ▲ 60.6% |
| Taxes450/3 | €0.5m | - | €1.4m | €2.2m | €5.0m | ▲ 133% |
| Remuneration and social security454/9 | €1.3m | - | €0.9m | €2.0m | €1.6m | ▼ 18.5% |
| Other amounts payable47/48 | €15.8m | - | €12.5m | €23.1m | €32.9m | ▲ 42.2% |
| Accrued charges and deferred income492/3 | €0.8m | - | €0.1m | €0.1m | €0.03m | ▼ 67.7% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.5m | €0.5m | €3.5m | -€3.1m | - |
| + Depreciation and write-downs630 | €2.9m | €2.1m | €2.0m | €2.5m | €0.8m | ▼ 66.9% |
| Operating cash flow (approximation) | €4.3m | €3.6m | €2.5m | €6.1m | -€2.3m | - |
| Investment in fixed assets (approximation) | - | -€0.3m | -€2.1m | - | -€0.01m | - |
| Change in cash | - | -€4.4m | €0.9m | - | €0.6m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | full format | 23-06-2025 | 2025-00177380 |
| 30-09-2023 | full format | 10-04-2024 | 2024-00061683 |
| 31-12-2021 | full format | 29-07-2022 | 2022-20265056 |
| 31-12-2020 | full format | 27-08-2021 | 2021-55600147 |
| 31-12-2019 | full format | 31-08-2020 | 2020-48600511 |
| 31-12-2018 | full format | 11-07-2019 | 2019-31500508 |
| 31-12-2017 | full format | 05-07-2018 | 2018-29000138 |
| 31-12-2016 | full format | 07-07-2017 | 2017-28600099 |
| 31-12-2015 | full format | 28-07-2016 | 2016-39200410 |
| 30-06-2014 | full format | 19-12-2014 | 2014-69700461 |
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Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,354. 699 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €21,590 awarded · €21,590 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €11,171 | €11,171 |
| 2024 | 1 | €2,045 | €2,045 |
| 2023 | 2 | €7,097 | €7,097 |
| 2022 | 2 | €1,277 | €1,277 |
Public contracts
3 awards · 2020 to 2023
PATRIMONIUM | Renovatie Marktgebouwen en aanpassingswerken Gelmelenstraat 1
Renovatie Marktgebouwen en aanpassingswerken Gelmelenstraat 1
Realisatie van een woonzorgcentrum voor 52 personen met dementie
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.