DE GUYTENAER PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of DE GUYTENAER PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €157,773 and a net result of €23,046. Equity is growing by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 28281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-17
Solvency51▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.87 in 2024; short-term debt: 19.6% and cash: 6.1% of total assets), and 74.1% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
25.9%
Return on assets
3.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
on the day
2022
57 d early
2021
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 January (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€157,773▲ 17.1%
2024 · €134,727
Total assets
€609,177▲ 11.2%
2024 · €547,765
Net result
€23,046▼ 55.7%
2024 · €52,030
Working capital
€38,507▼ 24.6%
2024 · €51,094
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
Line20212022202320242025
Operating result€53,952-€30,631▼ 43.2%€28,873▼ 5.7%€61,134▲ 112%€41,762▼ 31.7%
Net result€42,158above the sector's middle half-€19,083within the sector's middle half▼ 54.7%€18,956within the sector's middle half▼ 0.7%€52,030above the sector's middle half▲ 174%€23,046within the sector's middle half▼ 55.7%
Equity€44,658within the sector's middle half-€63,741within the sector's middle half▲ 42.7%€82,697within the sector's middle half▲ 29.7%€134,727above the sector's middle half▲ 62.9%€157,773above the sector's middle half▲ 17.1%
Total assets€119,033within the sector's middle half-€185,063within the sector's middle half▲ 55.5%€592,634above the sector's middle half▲ 220%€547,765above the sector's middle half▼ 7.6%€609,177above the sector's middle half▲ 11.2%
Debt€74,375-€121,321▲ 63.1%€509,937▲ 320%€413,038▼ 19.0%€451,403▲ 9.3%
Working capital€24,823within the sector's middle half-€25,246within the sector's middle half▲ 1.7%-€159,902below the sector's middle half€51,094within the sector's middle half€38,507within the sector's middle half▼ 24.6%
Solvency37.5%within the sector's middle half-34.4%within the sector's middle half▼ 3.1pp14.0%below the sector's middle half▼ 20.5pp24.6%within the sector's middle half▲ 10.6pp25.9%within the sector's middle half▲ 1.3pp
Current ratio1.86within the sector's middle half-1.29within the sector's middle half▼ 0.570.40below the sector's middle half▼ 0.891.87within the sector's middle half▲ 1.461.32within the sector's middle half▼ 0.55
Return on assets (ROA)35.4%above the sector's middle half-10.3%within the sector's middle half▼ 25.1pp3.2%within the sector's middle half▼ 7.1pp9.5%within the sector's middle half▲ 6.3pp3.8%within the sector's middle half▼ 5.7pp
Staff (FTE)1
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 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609,177
Fixed assets
€451,204 ▲ 3.1%
Current assets
€157,973 ▲ 43.7%
Equity and liabilities €609,177
Equity
€157,773 ▲ 17.1%
Debt
€451,403 ▲ 9.3%
Debt's share of the balance-sheet total falls from 75.4% to 74.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84,245▼
2024 · €101,737
Cash flow
€65,529▼
2024 · €92,633
Debt to equity
2.86▼
2024 · 3.07
ROE
14.6%▼
2024 · 38.6%
Interest coverage
4.88▼
2024 · 7.25
Debt ≤ 1 year
€119,465▲
2024 · €58,846
Debt > 1 year
€331,194▼
2024 · €354,192
Income taxes
€4,147▲
2024 · -€4,500
Staff costs
€0▼
2024 · €814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% 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 2,372 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,639 | €116 | €814 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,478 | €15,464 | €33,272 | €40,603 | €42,483 | ▲ 4.6% |
| Other operating charges640/8 | - | €585 | €968 | €9,359 | €630 | ▼ 93.3% |
| Gross operating margin9900 | €79,576 | €90,318 | €63,229 | €111,910 | €84,875 | ▼ 24.2% |
| Operating profit (loss)9901 | €53,952 | €30,631 | €28,873 | €61,134 | €41,762 | ▼ 31.7% |
| Financial income75/76B | - | €29 | €209 | €434 | €2,710 | ▲ 524% |
| Recurring financial income75 | €179 | €29 | €209 | €434 | €2,710 | ▲ 524% |
| Financial charges65/66B | - | €1,524 | €6,401 | €14,038 | €17,279 | ▲ 23.1% |
| Recurring financial charges65 | €73 | €1,524 | €6,401 | €14,038 | €17,279 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €54,058 | €29,136 | €22,682 | €47,530 | €27,194 | ▼ 42.8% |
| Income taxes67/77 | €11,900 | €10,053 | €3,726 | -€4,500 | €4,147 | ▲ 192% |
| Profit (loss) for the period9904 | €42,158 | €19,083 | €18,956 | €52,030 | €23,046 | ▼ 55.7% |
| Profit (loss) for the period to be appropriated9905 | €42,158 | €19,083 | €18,956 | €52,030 | €23,046 | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,033 | €185,063 | €592,634 | €547,765 | €609,177 | ▲ 11.2% |
| Formation expenses20 | - | €0 | €0 | - | - | - |
| Fixed assets21/28 | €65,266 | €72,847 | €484,388 | €437,825 | €451,204 | ▲ 3.1% |
| Tangible fixed assets22/27 | €65,266 | €72,847 | €484,388 | €437,825 | €451,204 | ▲ 3.1% |
| Land and buildings22 | - | €2,962 | €400,223 | €385,253 | €420,796 | ▲ 9.2% |
| Plant, machinery and equipment23 | - | €24,675 | €42,556 | €28,165 | €14,656 | ▼ 48.0% |
| Furniture and vehicles24 | - | €45,211 | €41,609 | €24,407 | €15,751 | ▼ 35.5% |
| Current assets29/58 | €53,767 | €112,215 | €108,245 | €109,940 | €157,973 | ▲ 43.7% |
| Amounts receivable within one year40/41 | €46,673 | €56,133 | €51,425 | €40,982 | €115,734 | ▲ 182% |
| Trade receivables40 | - | €52,997 | €46,691 | €35,738 | €64,764 | ▲ 81.2% |
| Other amounts receivable41 | - | €3,136 | €4,733 | €5,244 | €50,970 | ▲ 872% |
| Cash at bank and in hand54/58 | €7,094 | €56,082 | €56,821 | €68,958 | €37,350 | ▼ 45.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,889 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,033 | €185,063 | €592,634 | €547,765 | €609,177 | ▲ 11.2% |
| Equity10/15 | €44,658 | €63,741 | €82,697 | €134,727 | €157,773 | ▲ 17.1% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €35,000 | €53,000 | €68,000 | €132,000 | €155,000 | ▲ 17.4% |
| Distributable reserves133 | - | €53,000 | €68,000 | €132,000 | €155,000 | ▲ 17.4% |
| Profit (loss) carried forward14 | €7,158 | €8,241 | €12,197 | €227 | €273 | ▲ 20.3% |
| Amounts payable17/49 | €74,375 | €121,321 | €509,937 | €413,038 | €451,403 | ▲ 9.3% |
| Amounts payable after more than one year17 | €45,431 | €34,351 | €241,790 | €354,192 | €331,194 | ▼ 6.5% |
| Financial debts170/4 | - | €34,351 | €241,790 | €354,192 | €331,194 | ▼ 6.5% |
| Amounts payable within one year42/48 | €28,944 | €86,970 | €268,147 | €58,846 | €119,465 | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | €11,982 | €14,673 | €21,972 | €22,998 | ▲ 4.7% |
| Trade debts44 | €3,698 | €34,955 | €229,364 | €21,061 | €46,085 | ▲ 119% |
| Suppliers440/4 | - | €34,955 | €229,364 | €21,061 | €46,085 | ▲ 119% |
| Advances received on contracts in progress46 | - | - | - | €6,534 | €18,307 | ▲ 180% |
| Taxes, remuneration and social security45 | - | €2,595 | €1,500 | €1,023 | €1,369 | ▲ 33.9% |
| Taxes450/3 | - | €2,595 | €1,500 | €1,023 | €1,369 | ▲ 33.9% |
| Other amounts payable47/48 | - | €37,439 | €22,610 | €8,257 | €30,707 | ▲ 272% |
| Accrued charges and deferred income492/3 | - | - | - | - | €744 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,158 | €19,083 | €18,956 | €52,030 | €23,046 | ▼ 55.7% |
| + Depreciation and write-downs630 | €9,478 | €15,464 | €33,272 | €40,603 | €42,483 | ▲ 4.6% |
| Operating cash flow (approximation) | €51,636 | €34,547 | €52,227 | €92,633 | €65,529 | ▼ 29.3% |
| Investment in fixed assets (approximation) | - | -€23,045 | -€444,813 | €5,960 | -€55,861 | ▼ 1,037% |
| Change in cash | - | €48,988 | €738 | €12,138 | -€31,608 | ▼ 360% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €150,000Eq €157,773 ▲17.1%
5 profitable years in a row build equity to €157,773.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2021net €52,030 ▲174%
Operating result €61,134, net result €52,030, both a record.
30-06
Financial
Liquidity times 5current ratio 1.87
Current ratio from 0.40 to 1.87; short-term debt falls from €268,147 to €58,846.
30-06
Financial
Equity above €100,000Eq €134,727 ▲62.9%
4 profitable years in a row build equity to €134,727.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €18,956 ▼0.7%
Net result drops to €18,956, the lowest in the series; recovery starts the following year.
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Maldegem · 1 establishment unit since 2020
Ground area
336 m²
Building footprint
84 m²
Parcel 43001B0832/00G000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
De Guytenaer Projects
since 20202.302.059.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001B0832/00G000 | Flanders | 336 m² | 1 · 84 m² | 0.1 m |
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
Dual-learning approval
1 live approval · 1 endedVloerder - tegelzetter duaal (so)
Show 1 ended approval
Tegelzetter (so)
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,896 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
Founded09-04-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
43910Bricklaying and masonry work
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745901690
Also
9925:BE0745901690
Registered
06-08-2026
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.