DCNB
ActiveSummary
The computed 12-month bankruptcy probability of DCNB is 2.0% (moderate). The 2025 annual accounts show equity of €174,221 and a net result of €116,774. Equity is growing by ~140.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 7598 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency99▲+46
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.26 against 1.16 in 2024; short-term debt: 12% and cash: 32.7% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.3%
Return on assets
49.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
39 d early
2024
6 d early
2023
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 3 October (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€174,221▲ 203%
2024 · €57,446
Total assets
€234,630▲ 16.0%
2024 · €202,188
Net result
€116,774▲ 161%
2024 · €44,694
Working capital
€119,936▲ 649%
2024 · €16,006
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202320242025
Operating result€9,974-€57,414▲ 476%€151,465▲ 164%
Net result€7,753within the sector's middle half-€44,694above the sector's middle half▲ 477%€116,774above the sector's middle half▲ 161%
Equity€12,753below the sector's middle half-€57,446within the sector's middle half▲ 350%€174,221above the sector's middle half▲ 203%
Total assets€21,820below the sector's middle half-€202,188within the sector's middle half▲ 827%€234,630within the sector's middle half▲ 16.0%
Debt€9,067-€144,742▲ 1,496%€60,410▼ 58.3%
Working capital€8,587within the sector's middle half-€16,006within the sector's middle half▲ 86.4%€119,936above the sector's middle half▲ 649%
Solvency58.4%within the sector's middle half-28.4%within the sector's middle half▼ 30.0pp74.3%above the sector's middle half▲ 45.8pp
Current ratio1.95within the sector's middle half-1.16within the sector's middle half▼ 0.795.26above the sector's middle half▲ 4.10
Return on assets (ROA)35.5%above the sector's middle half-22.1%above the sector's middle half▼ 13.4pp49.8%above the sector's middle half▲ 27.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 has risen two years in a row; 2025 is 164% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,630
Fixed assets
€86,548 ▲ 1.9%
Current assets
€148,082 ▲ 26.3%
Equity and liabilities €234,630
Equity
€174,221 ▲ 203%
Debt
€60,410 ▼ 58.3%
Debt's share of the balance-sheet total falls from 71.6% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172,153▲
2024 · €65,232
Cash flow
€137,462▲
2024 · €52,512
Debt to equity
0.35▼
2024 · 2.52
ROE
67.0%▼
2024 · 77.8%
Interest coverage
80.75▲
2024 · 60.60
Debt ≤ 1 year
€28,146▼
2024 · €101,269
Debt > 1 year
€32,263▼
2024 · €43,472
Income taxes
€33,135▲
2024 · €11,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €188 | €7,818 | €20,688 | ▲ 165% |
| Other operating charges640/8 | €50 | €1,872 | €860 | ▼ 54.0% |
| Gross operating margin9900 | €10,212 | €67,104 | €173,013 | ▲ 158% |
| Operating profit (loss)9901 | €9,974 | €57,414 | €151,465 | ▲ 164% |
| Financial income75/76B | - | €11 | €576 | ▲ 5,012% |
| Recurring financial income75 | - | €11 | €576 | ▲ 5,012% |
| Financial charges65/66B | €123 | €1,077 | €2,132 | ▲ 98.0% |
| Recurring financial charges65 | €123 | €1,077 | €2,132 | ▲ 98.0% |
| Profit (loss) for the period before taxes9903 | €9,851 | €56,349 | €149,909 | ▲ 166% |
| Income taxes67/77 | €2,098 | €11,655 | €33,135 | ▲ 184% |
| Profit (loss) for the period9904 | €7,753 | €44,694 | €116,774 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €7,753 | €44,694 | €116,774 | ▲ 161% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,820 | €202,188 | €234,630 | ▲ 16.0% |
| Fixed assets21/28 | €4,165 | €84,912 | €86,548 | ▲ 1.9% |
| Tangible fixed assets22/27 | €4,165 | €84,912 | €86,548 | ▲ 1.9% |
| Plant, machinery and equipment23 | €2,396 | €16,971 | €21,574 | ▲ 27.1% |
| Furniture and vehicles24 | €1,769 | €67,941 | €64,974 | ▼ 4.4% |
| Current assets29/58 | €17,654 | €117,276 | €148,082 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €8,075 | €37,757 | €69,263 | ▲ 83.4% |
| Trade receivables40 | €8,075 | €12,930 | €34,382 | ▲ 166% |
| Other amounts receivable41 | - | €24,827 | €34,881 | ▲ 40.5% |
| Cash at bank and in hand54/58 | €9,580 | €77,896 | €76,717 | ▼ 1.5% |
| Deferred charges and accrued income490/1 | - | €1,623 | €2,103 | ▲ 29.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,820 | €202,188 | €234,630 | ▲ 16.0% |
| Equity10/15 | €12,753 | €57,446 | €174,221 | ▲ 203% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €7,753 | €52,446 | €169,221 | ▲ 223% |
| Distributable reserves133 | €7,753 | €52,446 | €169,221 | ▲ 223% |
| Amounts payable17/49 | €9,067 | €144,742 | €60,410 | ▼ 58.3% |
| Amounts payable after more than one year17 | - | €43,472 | €32,263 | ▼ 25.8% |
| Financial debts170/4 | - | €43,472 | €32,263 | ▼ 25.8% |
| Amounts payable within one year42/48 | €9,067 | €101,269 | €28,146 | ▼ 72.2% |
| Current portion of amounts payable after more than one year42 | - | €10,754 | €11,209 | ▲ 4.2% |
| Trade debts44 | €4,812 | €85,552 | €3,614 | ▼ 95.8% |
| Suppliers440/4 | €4,812 | €85,552 | €3,614 | ▼ 95.8% |
| Advances received on contracts in progress46 | - | €1,217 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €2,815 | €0 | €13,323 | - |
| Taxes450/3 | €2,815 | €0 | €13,323 | - |
| Other amounts payable47/48 | €1,440 | €3,747 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,753 | €44,694 | €116,774 | ▲ 161% |
| + Depreciation and write-downs630 | €188 | €7,818 | €20,688 | ▲ 165% |
| Operating cash flow (approximation) | €7,941 | €52,512 | €137,462 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€88,565 | -€22,323 | ▲ 74.8% |
| Change in cash | - | €68,316 | -€1,179 | ▼ 102% |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2023net €116,774 ▲161%
Operating result €151,465, net result €116,774, both a record.
31-03
Financial
Liquidity times 5current ratio 5.26
Current ratio from 1.16 to 5.26; short-term debt falls from €101,269 to €28,146.
31-03
Financial
Equity above €150,000Eq €174,221 ▲203%
3 profitable years in a row build equity to €174,221.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ingelmunster · 1 establishment unit since 2022
Ground area
1,387 m²
Building footprint
225 m²
Volume, LiDAR
656 m³
Parcel 36007C0014/00B000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DCNB
since 20222.330.267.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0014/00B000 | Flanders | 1,387 m² | 1 · 225 m² | 6.1 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
648878TOTZPB50462L16
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,380 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
Founded31-03-2022
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784286867
Also
9925:BE0784286867
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.