DE HOE INTERNATIONAL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of DE HOE INTERNATIONAL CONSTRUCT is 3.8% (moderate). The 2025 annual accounts show equity of €5,253 and a net result of €14,857. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 28806 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
Profitability75▼-6
Solvency27▼-1
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.01 against 1.03 in 2024; short-term debt: 98.2% and cash: 18.3% of total assets), and 98.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
1.8%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28806 sector peers (2025).
NBB · sector comparisonPosition among 28806 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
54 d late
2023
112 d late
2022
52 d late
2021
28 d late
← 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 49 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 September (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,253▼ 29.0%
2024 · €7,396
Total assets
€287,111▲ 28.9%
2024 · €222,666
Net result
€14,857▼ 33.9%
2024 · €22,482
Working capital
€4,115▼ 39.9%
2024 · €6,851
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,489-€30,615▲ 582%€10,987▼ 64.1%€29,810▲ 171%€22,527▼ 24.4%
Net result€2,467within the sector's middle half-€21,263within the sector's middle half▲ 762%€7,184within the sector's middle half▼ 66.2%€22,482within the sector's middle half▲ 213%€14,857within the sector's middle half▼ 33.9%
Equity€6,467below the sector's middle half-€27,730within the sector's middle half▲ 329%€34,914within the sector's middle half▲ 25.9%€7,396below the sector's middle half▼ 78.8%€5,253below the sector's middle half▼ 29.0%
Total assets€12,684below the sector's middle half-€86,482within the sector's middle half▲ 582%€194,727within the sector's middle half▲ 125%€222,666within the sector's middle half▲ 14.3%€287,111within the sector's middle half▲ 28.9%
Debt€6,218-€58,752▲ 845%€159,813▲ 172%€215,270▲ 34.7%€281,858▲ 30.9%
Working capital€4,088below the sector's middle half-€26,367within the sector's middle half▲ 545%€34,567within the sector's middle half▲ 31.1%€6,851within the sector's middle half▼ 80.2%€4,115within the sector's middle half▼ 39.9%
Solvency51.0%within the sector's middle half-32.1%within the sector's middle half▼ 18.9pp17.9%below the sector's middle half▼ 14.1pp3.3%below the sector's middle half▼ 14.6pp1.8%below the sector's middle half▼ 1.5pp
Current ratio1.66within the sector's middle half-1.45within the sector's middle half▼ 0.211.22within the sector's middle half▼ 0.231.03below the sector's middle half▼ 0.181.01below the sector's middle half▼ 0.02
Return on assets (ROA)19.4%above the sector's middle half-24.6%above the sector's middle half▲ 5.1pp3.7%within the sector's middle half▼ 20.9pp10.1%within the sector's middle half▲ 6.4pp5.2%within the sector's middle half▼ 4.9pp
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 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287,111
Fixed assets
€1,138 ▲ 109%
Current assets
€285,973 ▲ 28.7%
Equity and liabilities €287,111
Equity
€5,253 ▼ 29.0%
Debt
€281,858 ▲ 30.9%
Debt's share of the balance-sheet total rises from 96.7% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,027▼
2024 · €30,421
Cash flow
€15,357▼
2024 · €23,093
Debt to equity
53.66▲
2024 · 29.11
ROE
282.8%▼
2024 · 304.0%
Interest coverage
289.18▼
2024 · 596.61
Debt ≤ 1 year
€281,858▲
2024 · €215,270
Income taxes
€9,330▲
2024 · €8,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,341 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% | 1.8% |
| 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 2,153 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,067 | €1,016 | €1,016 | €611 | €500 | ▼ 18.1% |
| Other operating charges640/8 | €429 | €735 | €679 | €526 | €659 | ▲ 25.4% |
| Gross operating margin9900 | €6,986 | €32,366 | €12,682 | €30,947 | €23,686 | ▼ 23.5% |
| Operating profit (loss)9901 | €4,489 | €30,615 | €10,987 | €29,810 | €22,527 | ▼ 24.4% |
| Financial income75/76B | €8 | €331 | €597 | €1,200 | €1,740 | ▲ 45.0% |
| Recurring financial income75 | €8 | €331 | €597 | €1,200 | €1,740 | ▲ 45.0% |
| Financial charges65/66B | €6 | €892 | €64 | €51 | €80 | ▲ 56.2% |
| Recurring financial charges65 | €6 | €892 | €64 | €51 | €80 | ▲ 56.2% |
| Profit (loss) for the period before taxes9903 | €4,490 | €30,054 | €11,520 | €30,959 | €24,187 | ▼ 21.9% |
| Income taxes67/77 | €2,024 | €8,790 | €4,336 | €8,477 | €9,330 | ▲ 10.1% |
| Profit (loss) for the period9904 | €2,467 | €21,263 | €7,184 | €22,482 | €14,857 | ▼ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €2,467 | €21,263 | €7,184 | €22,482 | €14,857 | ▼ 33.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,684 | €86,482 | €194,727 | €222,666 | €287,111 | ▲ 28.9% |
| Fixed assets21/28 | €2,379 | €1,363 | €347 | €545 | €1,138 | ▲ 109% |
| Tangible fixed assets22/27 | €2,379 | €1,363 | €347 | €545 | €1,138 | ▲ 109% |
| Plant, machinery and equipment23 | - | - | - | €545 | €140 | ▼ 74.2% |
| Furniture and vehicles24 | €2,379 | €1,363 | €347 | €0 | €997 | - |
| Current assets29/58 | €10,306 | €85,119 | €194,380 | €222,121 | €285,973 | ▲ 28.7% |
| Amounts receivable after more than one year29 | - | - | €19,202 | - | €18,544 | - |
| Other amounts receivable291 | - | - | €19,202 | - | €18,544 | - |
| Amounts receivable within one year40/41 | €8,411 | €52,651 | €167,796 | €197,951 | €215,005 | ▲ 8.6% |
| Trade receivables40 | €7,790 | €49,820 | €165,605 | €196,085 | €212,434 | ▲ 8.3% |
| Other amounts receivable41 | €621 | €2,831 | €2,191 | €1,866 | €2,571 | ▲ 37.8% |
| Cash at bank and in hand54/58 | €1,855 | €32,427 | €7,365 | €24,170 | €52,424 | ▲ 117% |
| Deferred charges and accrued income490/1 | €40 | €40 | €17 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,684 | €86,482 | €194,727 | €222,666 | €287,111 | ▲ 28.9% |
| Equity10/15 | €6,467 | €27,730 | €34,914 | €7,396 | €5,253 | ▼ 29.0% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €2,467 | €23,730 | €30,914 | €3,396 | €1,253 | ▼ 63.1% |
| Amounts payable17/49 | €6,218 | €58,752 | €159,813 | €215,270 | €281,858 | ▲ 30.9% |
| Amounts payable within one year42/48 | €6,218 | €58,752 | €159,813 | €215,270 | €281,858 | ▲ 30.9% |
| Trade debts44 | €2,017 | €43,471 | €86,701 | €107,604 | €177,149 | ▲ 64.6% |
| Suppliers440/4 | €2,017 | €43,471 | €86,701 | €107,604 | €177,149 | ▲ 64.6% |
| Advances received on contracts in progress46 | - | €6,490 | €68,043 | €92,993 | €95,378 | ▲ 2.6% |
| Taxes, remuneration and social security45 | €2,024 | €8,790 | €5,069 | €11,440 | €9,330 | ▼ 18.4% |
| Taxes450/3 | €2,024 | €8,790 | €5,069 | €11,440 | €9,330 | ▼ 18.4% |
| Other amounts payable47/48 | €2,177 | - | - | €3,233 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,467 | €21,263 | €7,184 | €22,482 | €14,857 | ▼ 33.9% |
| + Depreciation and write-downs630 | €2,067 | €1,016 | €1,016 | €611 | €500 | ▼ 18.1% |
| Operating cash flow (approximation) | €4,534 | €22,279 | €8,200 | €23,093 | €15,357 | ▼ 33.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€809 | -€1,093 | ▼ 35.1% |
| Change in cash | - | €30,572 | -€25,062 | €16,805 | €28,254 | ▲ 68.1% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2021net €22,482 ▲213%
Net result €22,482, the highest in the series.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2021
Ground area
1.2 ha
Building footprint
228 m²
Volume, LiDAR
7,818 m³
Parcel 21010B0038/00G000, Brussels · tallest building 37.9 m, ±12 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Tentoonstellingslaan 404, 1090 Jette
since 20212.313.016.468
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0038/00G000 | Brussels | 1.2 ha | 1 · 228 m² | 37.9 m · 12 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.
Similar companies · same sector, comparable size
ART & DECO MAISON
BE 0847.927.577
Durbuy · Eq €5,221
Floordesign B-art
BE 1021.450.085
Pelt · Eq €5,135
LINEOS
BE 0436.887.406
Gent · Eq €5,127
SMITZ
BE 0449.847.594
Nassogne · Eq €5,022
NOVAC-HOME
BE 0805.341.213
Mettet · Eq €5,000
Of 914 companies in this sector we hold annual accounts for 403. 145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-12-2020
Fiscal year end31-12
Abbreviation FR
DIC
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43342Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760656776
Registered
11-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.