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DEBUILD

Active
Private limited companyfounded 20206 yrs activeHerkenrodesingel 4B, 3500 Hasselt, BelgiumKBO/BCE: BE 0749.717.552
Summary

DEBUILD has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €220,094 and a net result of €107,180. Equity is growing by ~150.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability43▲+4
Solvency29▲+3
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.01 in 2023; short-term debt: 95.1% and cash: 6.1% of total assets), and 95.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1117 sector peers (2024).
NBB · sector comparison
Position among 1117 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
57 d early
2023
20 d early
2022
3 d late
2021
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DEBUILD was incorporated on 2 July 2020 as a Private limited company.1 Revenue grew from EUR 10 million in 2021 to EUR 63 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
€63.2m▼ 7.5%
2023 · €68.3m
EBIT margin
0.2%▲ 0.1pp
2023 · 0.1%
Net result
€107,180▲ 13.5%
2023 · €94,455
Working capital
€154,467▲ 59.0%
2023 · €97,123
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line2021202220232024
Turnover€10.3m-€12.4m▲ 19.6%€68.3m▲ 452%€63.2m▼ 7.5%
Operating result€1,772-€2,614▲ 47.5%€74,376▲ 2,745%€107,317▲ 44.3%
Net result€1,279within the sector's middle half-€2,180within the sector's middle half▲ 70.4%€94,455within the sector's middle half▲ 4,233%€107,180within the sector's middle half▲ 13.5%
EBIT margin0.0%-0.0%=0.1%▲ 0.1pp0.2%▲ 0.1pp
Equity€16,279below the sector's middle half-€18,459below the sector's middle half▲ 13.4%€112,914within the sector's middle half▲ 512%€220,094within the sector's middle half▲ 94.9%
Total assets€1.4mwithin the sector's middle half-€8.7mabove the sector's middle half▲ 539%€14.8mabove the sector's middle half▲ 69.9%€5.3mabove the sector's middle half▼ 64.1%
Debt€1.3m-€8.7m▲ 545%€14.7m▲ 68.9%€5.1m▼ 65.3%
Working capital€16,279-€18,459▲ 13.4%€97,123▲ 426%€154,467▲ 59.0%
Solvency1.2%below the sector's middle half-0.2%below the sector's middle half▼ 1.0pp0.8%below the sector's middle half▲ 0.6pp4.1%below the sector's middle half▲ 3.4pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2021: €1,772€1,772Net result 2021: €1,279€1,279Operating result 2022: €2,614€2,614Net result 2022: €2,180€2,180Operating result 2023: €74,376€74,376Net result 2023: €94,455€94,455Operating result 2024: €107,317€107,317Net result 2024: €107,180€107,1802021202220232024€0€50,000€100,000Operating result 2022: €2,614€2,610Net result 2022: €2,180€2,180Operating result 2023: €74,376€74,400Net result 2023: €94,455€94,500Operating result 2024: €107,317€107,000Net result 2024: €107,180€107,000202220232024
The operating result has risen three years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.3m
Fixed assets €105,750 ▲ 135%
Current assets €5.2m ▼ 64.7%
Equity and liabilities €5.3m
Equity €220,094 ▲ 94.9%
Provisions €4,034 ▲ 24.1%
Debt €5.1m ▼ 65.3%
Debt's share of the balance-sheet total falls from 99.2% to 95.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.03▲
2023 · 1.01
Quick ratio
1.02▲
2023 · 0.86
Debt to equity
23.09
ROE
48.7%▼
2023 · 83.7%
ROA
2.0%▲
2023 · 0.6%
Debt ≤ 1 year
€5.0m▼
2023 · €14.6m
Income taxes
€40,146▲
2023 · €34,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.6% went bankrupt
1.7% stopped otherwise
96% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 1,600 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€14.8m€5.3m▼
Fixed assets21/28€45,000€105,750▲
Financial fixed assets28€45,000€105,750▲
Affiliated companies280/1€45,000€105,750▲
Participating interests280€45,000€105,750▲
Current assets29/58€14.7m€5.2m▼
Stocks and contracts in progress3€2.2m€76,556▼
Contracts in progress37€2.2m€76,556▼
Amounts receivable within one year40/41€9.2m€4.8m▼
Trade receivables40€2.1m€4.8m▲
Other amounts receivable41€7.1m€44,607▼
Cash at bank and in hand54/58€3.3m€324,864▼
Equity and liabilities
Total equity and liabilities10/49€14.8m€5.3m▼
Equity10/15€112,914€220,094▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14€97,914€205,094▲
Provisions and deferred taxes16€3,250€4,034▲
Provisions for liabilities and charges160/5€3,250€4,034▲
Other liabilities and charges164/5€3,250€4,034▲
Amounts payable17/49€14.7m€5.1m▼
Amounts payable within one year42/48€14.6m€5.0m▼
Trade debts44€13.0m€4.3m▼
Suppliers440/4€13.0m€4.3m▼
Advances received on contracts in progress46€1.6m€682,261▼
Taxes, remuneration and social security45€34,384€40,146▲
Taxes450/3€34,384€40,146▲
Accrued charges and deferred income492/3€25,959€36,090▲
Income statement Code20232024
Operating income70/76A€77.4m€47.8m▼
Turnover70€68.3m€63.2m▼
Change in stocks of work in progress, finished goods and contracts in progress71€9.0m-€15.5m▼
Other operating income74€125,008€160,935▲
Operating charges60/66A€77.3m€47.7m▼
Goods for resale, raw materials and consumables60€77.2m€47.5m▼
Purchases600/8€77.2m€47.5m▼
Services and other goods61€145,411€260,777▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€3,250€784▼
Other operating charges640/8€1,876€2,151▲
Operating profit (loss)9901€74,376€107,317▲
Financial income75/76B€59,523€57,452▼
Recurring financial income75€59,523€57,452▼
Income from current assets751€59,523€57,452▼
Other financial income752/9-€0
Financial charges65/66B€5,061€17,443▲
Recurring financial charges65€5,061€17,443▲
Debt charges650-€1
Other financial charges652/9€5,061€17,442▲
Profit (loss) for the period before taxes9903€128,838€147,326▲
Income taxes67/77€34,384€40,146▲
Taxes670/3€34,384€40,146▲
Profit (loss) for the period9904€94,455€107,180▲
Profit (loss) for the period to be appropriated9905€94,455€107,180▲
Appropriation of the result
Profit (loss) to be appropriated9906€97,914€205,094▲
Profit (loss) brought forward from the previous period14P€3,459€97,914▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Operating income70/76A€10.3m€19.0m€77.4m€47.8m▼ 38.2%
Turnover70€10.3m€12.4m€68.3m€63.2m▼ 7.5%
Change in stocks of work in progress, finished goods and contracts in progress71-€6.6m€9.0m-€15.5m▼ 273%
Other operating income74--€125,008€160,935▲ 28.7%
Operating charges60/66A€10.3m€19.0m€77.3m€47.7m▼ 38.3%
Goods for resale, raw materials and consumables60€7.8m€16.9m€77.2m€47.5m▼ 38.5%
Purchases600/8€7.8m€16.9m€77.2m€47.5m▼ 38.5%
Services and other goods61€2.5m€2.1m€145,411€260,777▲ 79.3%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€3,250€784▼ 75.9%
Other operating charges640/8-€637€1,876€2,151▲ 14.7%
Operating profit (loss)9901€1,772€2,614€74,376€107,317▲ 44.3%
Financial income75/76B€0€1,452€59,523€57,452▼ 3.5%
Recurring financial income75€0€1,452€59,523€57,452▼ 3.5%
Income from current assets751-€1,452€59,523€57,452▼ 3.5%
Other financial income752/9€0--€0-
Financial charges65/66B€493€563€5,061€17,443▲ 245%
Recurring financial charges65€493€563€5,061€17,443▲ 245%
Debt charges650---€1-
Other financial charges652/9€493€563€5,061€17,442▲ 245%
Profit (loss) for the period before taxes9903€1,279€3,503€128,838€147,326▲ 14.3%
Income taxes67/77-€1,323€34,384€40,146▲ 16.8%
Taxes670/3-€1,323€34,384€40,146▲ 16.8%
Profit (loss) for the period9904€1,279€2,180€94,455€107,180▲ 13.5%
Profit (loss) for the period to be appropriated9905€1,279€2,180€94,455€107,180▲ 13.5%
Line2021202220232024Change
Assets
Total assets20/58€1.4m€8.7m€14.8m€5.3m▼ 64.1%
Fixed assets21/28--€45,000€105,750▲ 135%
Financial fixed assets28--€45,000€105,750▲ 135%
Affiliated companies280/1--€45,000€105,750▲ 135%
Participating interests280--€45,000€105,750▲ 135%
Current assets29/58€1.4m€8.7m€14.7m€5.2m▼ 64.7%
Stocks and contracts in progress3-€1.3m€2.2m€76,556▼ 96.5%
Contracts in progress37-€1.3m€2.2m€76,556▼ 96.5%
Amounts receivable within one year40/41€656,918€958,689€9.2m€4.8m▼ 47.6%
Trade receivables40€385,149€441,143€2.1m€4.8m▲ 130%
Other amounts receivable41€271,769€517,546€7.1m€44,607▼ 99.4%
Cash at bank and in hand54/58€703,784€6.4m€3.3m€324,864▼ 90.3%
Equity and liabilities
Total equity and liabilities10/49€1.4m€8.7m€14.8m€5.3m▼ 64.1%
Equity10/15€16,279€18,459€112,914€220,094▲ 94.9%
Contributions10/11€15,000€15,000€15,000€15,000=
Profit (loss) carried forward14€1,279€3,459€97,914€205,094▲ 109%
Provisions and deferred taxes16--€3,250€4,034▲ 24.1%
Provisions for liabilities and charges160/5--€3,250€4,034▲ 24.1%
Other liabilities and charges164/5--€3,250€4,034▲ 24.1%
Amounts payable17/49€1.3m€8.7m€14.7m€5.1m▼ 65.3%
Amounts payable within one year42/48€1.3m€8.7m€14.6m€5.0m▼ 65.5%
Trade debts44€602,908€8.7m€13.0m€4.3m▼ 66.8%
Suppliers440/4€602,908€8.7m€13.0m€4.3m▼ 66.8%
Advances received on contracts in progress46€741,515-€1.6m€682,261▼ 56.8%
Taxes, remuneration and social security45-€982€34,384€40,146▲ 16.8%
Taxes450/3-€982€34,384€40,146▲ 16.8%
Accrued charges and deferred income492/3--€25,959€36,090▲ 39.0%
Line2021202220232024Change
Profit (loss) for the period9904€1,279€2,180€94,455€107,180▲ 13.5%
Operating cash flow (approximation)€1,279€2,180€94,455€107,180▲ 13.5%
Investment in fixed assets (approximation)----€60,750-
Change in cash-€5.7m-€3.1m-€3.0m▲ 2.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2021net €107,180 ▲13.5%
Operating result €107,317, net result €107,180, both a record.
31-12
Financial Equity above €200,000Eq €220,094 ▲94.9%
4 profitable years in a row build equity to €220,094.
11-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €100,000Eq €112,914 ▲512%
3 profitable years in a row build equity to €112,914.
03-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 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
9 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, Hasselt · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,234 m²
Building footprint
622 m²
Volume, LiDAR
8,953 m³
Parcel 71327G0668/00T000, Flanders · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
46 companies at this address See who is registered here
1 establishment unit
DEBUILD
Herkenrodesingel 4B, 3500 HasseltReal estate development
since 20202.304.435.136
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71327G0668/00T000 Flanders 2,234 m² 1 · 622 m² 19.5 m · 5 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.

Structure & network

Part of the group CYGA 16 companies Group, risk and exposure

Owners and holdings

1 owner · 3 holdings

Chain of control

  1. CYGA 64.12%
  2. DEMOCO GROUP 100%
  3. DEBUILD

Highest known parent: CYGA. The sources do not say who stands above it.

Owners 1

Holdings 3

According to the 2024 annual accounts of DEBUILD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 18,250 companies in sector 71111 we hold annual accounts for 6,321. 5,027 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
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
43350Other building finishing work
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID 0208:0749717552
Also 9925:BE0749717552
Registered 08-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.