DCF CONCEPT
ActiveSummary
DCF CONCEPT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€70,409) and a net result of -€10,334. Equity is shrinking by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.17 in 2024; short-term debt: 621.5% and cash: 38.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-521.5%
Return on assets
-76.5%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€70,409
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
1 d early
2023
8 d early
2022
4 d early
2021
on the day
2020
1 d early
2019
186 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€59,191▲ 41.4%
2019 · €41,851
EBIT margin
23.6%▼ 32.4pp
2019 · 56.0%
Net result
-€10,334▲ 32.9%
2024 · -€15,410
Working capital
-€70,469▼ 17.2%
2024 · -€60,135
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Turnover
Operating result-€19,229€13,868-€26,425-€14,956▲ 43.4%-€9,700▲ 35.1%
Net result-€19,385below the sector's middle half€13,502within the sector's middle half-€26,995below the sector's middle half-€15,410below the sector's middle half▲ 42.9%-€10,334below the sector's middle half▲ 32.9%
EBIT margin
Equity-€31,173below the sector's middle half▼ 164%-€17,671below the sector's middle half▲ 43.3%-€44,665below the sector's middle half▼ 153%-€60,075below the sector's middle half▼ 34.5%-€70,409below the sector's middle half▼ 17.2%
Total assets€27,802below the sector's middle half▼ 80.5%€52,697below the sector's middle half▲ 89.5%€23,212below the sector's middle half▼ 56.0%€12,571below the sector's middle half▼ 45.8%€13,501below the sector's middle half▲ 7.4%
Debt€58,975▼ 61.9%€70,368▲ 19.3%€67,877▼ 3.5%€72,646▲ 7.0%€83,910▲ 15.5%
Working capital-€29,932within the sector's middle half▼ 153%-€17,731within the sector's middle half▲ 40.8%-€44,594within the sector's middle half▼ 152%-€60,135within the sector's middle half▼ 34.9%-€70,469within the sector's middle half▼ 17.2%
Solvency-112.1%below the sector's middle half▼ 103.9pp-33.5%below the sector's middle half▲ 78.6pp-192.4%below the sector's middle half▼ 158.9pp-477.9%below the sector's middle half▼ 285.5pp-521.5%below the sector's middle half▼ 43.6pp
Current ratio0.48within the sector's middle half▼ 0.440.75within the sector's middle half▲ 0.270.34below the sector's middle half▼ 0.410.17below the sector's middle half▼ 0.170.16below the sector's middle half▼ 0.01
Return on assets (ROA)-69.7%below the sector's middle half▼ 79.4pp25.6%above the sector's middle half▲ 95.3pp-116.3%below the sector's middle half▼ 141.9pp-122.6%below the sector's middle half▼ 6.3pp-76.5%below the sector's middle half▲ 46.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 stays negative: a loss of €9,700 in 2025 against €14,956 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,501
Fixed assets
€60 =
Current assets
€13,441 ▲ 7.4%
Key figures and ratios
Quick ratio
0.08▲
2024 · 0.03
Debt to equity
-1.19▲
2024 · -1.21
Debt ≤ 1 year
€83,910▲
2024 · €72,646
Income taxes
€61▲
2024 · -€8
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 6,940 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €934 | €826 | €856 | €664 | €793 | ▲ 19.5% |
| Gross operating margin9900 | -€18,295 | €14,694 | -€25,569 | -€14,293 | -€8,907 | ▲ 37.7% |
| Operating profit (loss)9901 | -€19,229 | €13,868 | -€26,425 | -€14,956 | -€9,700 | ▲ 35.1% |
| Financial income75/76B | €468 | €102 | €10 | €39 | €0 | ▼ 99.7% |
| Recurring financial income75 | €468 | €102 | €10 | €39 | €0 | ▼ 99.7% |
| Financial charges65/66B | €454 | €413 | €461 | €501 | €573 | ▲ 14.6% |
| Recurring financial charges65 | €454 | €413 | €461 | €501 | €573 | ▲ 14.6% |
| Profit (loss) for the period before taxes9903 | -€19,215 | €13,557 | -€26,876 | -€15,418 | -€10,273 | ▲ 33.4% |
| Income taxes67/77 | €170 | €55 | €119 | -€8 | €61 | ▲ 875% |
| Profit (loss) for the period9904 | -€19,385 | €13,502 | -€26,995 | -€15,410 | -€10,334 | ▲ 32.9% |
| Profit (loss) for the period to be appropriated9905 | -€19,385 | €13,502 | -€26,995 | -€15,410 | -€10,334 | ▲ 32.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,802 | €52,697 | €23,212 | €12,571 | €13,501 | ▲ 7.4% |
| Fixed assets21/28 | €60 | €60 | €60 | €60 | €60 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €27,742 | €52,637 | €23,152 | €12,511 | €13,441 | ▲ 7.4% |
| Stocks and contracts in progress3 | €11,307 | €11,176 | €11,541 | €10,120 | €7,093 | ▼ 29.9% |
| Stocks30/36 | €11,307 | €11,176 | €11,541 | €10,120 | €7,093 | ▼ 29.9% |
| Amounts receivable within one year40/41 | €5,838 | €39,927 | €643 | - | €1,179 | - |
| Trade receivables40 | €5,832 | €39,927 | €643 | - | €1,172 | - |
| Other amounts receivable41 | €6 | - | - | - | €7 | - |
| Cash at bank and in hand54/58 | €10,597 | €1,419 | €10,753 | €2,391 | €5,169 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | €115 | €216 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,802 | €52,697 | €23,212 | €12,571 | €13,501 | ▲ 7.4% |
| Equity10/15 | -€31,173 | -€17,671 | -€44,665 | -€60,075 | -€70,409 | ▼ 17.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€49,773 | -€36,271 | -€63,265 | -€78,675 | -€89,009 | ▼ 13.1% |
| Amounts payable17/49 | €58,975 | €70,368 | €67,877 | €72,646 | €83,910 | ▲ 15.5% |
| Amounts payable within one year42/48 | €57,674 | €70,368 | €67,746 | €72,646 | €83,910 | ▲ 15.5% |
| Trade debts44 | €1,817 | €6,184 | €343 | €15 | €1,758 | ▲ 11,961% |
| Suppliers440/4 | €1,817 | €6,184 | €343 | €15 | €1,758 | ▲ 11,961% |
| Taxes, remuneration and social security45 | €139 | €4,976 | €8,195 | €13,503 | €509 | ▼ 96.2% |
| Taxes450/3 | €139 | €4,976 | €2,292 | €253 | €509 | ▲ 101% |
| Remuneration and social security454/9 | - | - | €5,903 | €13,250 | - | - |
| Other amounts payable47/48 | €55,718 | €59,208 | €59,208 | €59,128 | €81,642 | ▲ 38.1% |
| Accrued charges and deferred income492/3 | €1,301 | - | €131 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,385 | €13,502 | -€26,995 | -€15,410 | -€10,334 | ▲ 32.9% |
| Operating cash flow (approximation) | -€19,385 | €13,502 | -€26,995 | -€15,410 | -€10,334 | ▲ 32.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,178 | €9,334 | -€8,363 | €2,778 | ▲ 133% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€26,995
Net result drops to -€26,995, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €13,502
Net result €13,502 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 186 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Fleurus · 1 establishment unit since 2010
Ground area
1,381 m²
Building footprint
117 m²
Volume, LiDAR
725 m³
Parcel 52332C0321/00M003, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rénov'Solutions
since 20102.189.007.413
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332C0321/00M003 | Wallonia | 1,381 m² | 1 · 117 m² | 7.9 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.
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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 9,699 companies in sector 68121 we hold annual accounts for 7,394. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-05-2010
Fiscal year end30-09
Trade name FR
SRL
Activities, NACEBEL 2025
68121Development of residential building projects
46190Agents in non-specialised wholesale trade
53200Other postal and courier activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825960740
Also
9925:BE0825960740
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.