DEC Construct
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (47 days) Filed on 16 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00493516.
Equity
€113,018▲ 15.7%
2023 · €97,702
Total assets
€297,723▲ 7.2%
2023 · €277,683
Net result
€15,316▲ 76.5%
2023 · €8,679
Working capital
€113,018▲ 15.7%
2023 · €97,702
Trend over the years
2019 to 2024, 5 financial years 2018 to 2024, 6 financial years
The operating result rises in 2024; 2024 is 69% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€20,203
2024
Net result€15,316
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€297,723
2024
Equity€113,018
2024
Debt€184,705
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€113,018
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency38.0%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.61
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line201820192020202120232024
Operating result€14,946-€4,995▼ 66.6%€13,758▲ 175%€40,789▲ 196%€11,953-€20,203▲ 69.0%
Net result€8,232-€3,296▼ 60.0%€12,608within the sector's middle half▲ 282%€31,688above the sector's middle half▲ 151%€8,679within the sector's middle half-€15,316within the sector's middle half▲ 76.5%
Equity€25,614-€28,910▲ 12.9%€41,518within the sector's middle half▲ 43.6%€73,206within the sector's middle half▲ 76.3%€97,702within the sector's middle half-€113,018within the sector's middle half▲ 15.7%
Total assets€29,083-€84,250▲ 190%€88,767within the sector's middle half▲ 5.4%€196,073within the sector's middle half▲ 121%€277,683within the sector's middle half-€297,723within the sector's middle half▲ 7.2%
Debt€3,469-€55,340▲ 16×€47,249▼ 14.6%€122,867▲ 160%€179,981-€184,705▲ 2.6%
Working capital€24,555-€29,398▲ 19.7%€42,107within the sector's middle half▲ 43.2%€72,424within the sector's middle half▲ 72.0%€97,702above the sector's middle half-€113,018above the sector's middle half▲ 15.7%
Solvency88.1%-34.3%▼ 53.8pp46.8%within the sector's middle half▲ 12.5pp37.3%within the sector's middle half▼ 9.4pp35.2%within the sector's middle half-38.0%within the sector's middle half▲ 2.8pp
Current ratio8.08-1.66▼ 6.422.01within the sector's middle half▲ 0.351.59within the sector's middle half▼ 0.421.54within the sector's middle half-1.61within the sector's middle half▲ 0.07
Return on assets (ROA)28.3%-3.9%▼ 24.4pp14.2%within the sector's middle half▲ 10.3pp16.2%within the sector's middle half▲ 2.0pp3.1%within the sector's middle half-5.1%within the sector's middle half▲ 2.0pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €297,723
Equity
€113,018 ▲ 15.7%
Debt
€184,705 ▲ 2.6%
Debt's share of the balance-sheet total falls from 64.8% to 62.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.63▼
2023 · 1.84
ROE
13.6%▲
2023 · 8.9%
Debt ≤ 1 year
€184,705▲
2023 · €179,981
Income taxes
€2,461
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,525 | €5,359 | €5,215 | €5,129 | €474 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €584 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €116 | €803 | - | - |
| Gross operating margin9900 | €21,219 | €42,786 | €19,557 | €46,033 | €13,229 | €20,203 | ▲ 52.7% |
| Operating profit (loss)9901 | €14,946 | €4,995 | €13,758 | €40,789 | €11,953 | €20,203 | ▲ 69.0% |
| Financial income75/76B | - | - | €4,602 | €5,130 | - | - | - |
| Recurring financial income75 | €912 | €2,880 | €4,602 | €5,130 | - | - | - |
| Financial charges65/66B | - | - | €3,050 | €3,625 | €3,274 | €2,426 | ▼ 25.9% |
| Recurring financial charges65 | €5,215 | €3,580 | €3,050 | €3,625 | €3,274 | €2,426 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | €10,643 | €4,294 | €15,310 | €42,294 | €8,679 | €17,777 | ▲ 105% |
| Income taxes67/77 | €2,410 | €998 | €2,702 | €10,606 | - | €2,461 | - |
| Profit (loss) for the period9904 | €8,232 | €3,296 | €12,608 | €31,688 | €8,679 | €15,316 | ▲ 76.5% |
| Profit (loss) for the period to be appropriated9905 | €8,232 | €3,296 | €12,608 | €31,688 | €8,679 | €15,316 | ▲ 76.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €29,083 | €84,250 | €88,767 | €196,073 | €277,683 | €297,723 | ▲ 7.2% |
| Fixed assets21/28 | €1,059 | €10,201 | €4,985 | €782 | - | - | - |
| Tangible fixed assets22/27 | €1,059 | €10,201 | €4,985 | €782 | - | - | - |
| Plant, machinery and equipment23 | - | - | €152 | - | - | - | - |
| Furniture and vehicles24 | - | - | €4,833 | €782 | - | - | - |
| Current assets29/58 | €28,024 | €74,050 | €83,782 | €195,292 | €277,683 | €297,723 | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €135,000 | €135,000 | = |
| Other amounts receivable291 | - | - | - | - | €135,000 | €135,000 | = |
| Amounts receivable within one year40/41 | €27,563 | €74,050 | €72,559 | €167,765 | €142,683 | €162,723 | ▲ 14.0% |
| Trade receivables40 | - | - | €12,591 | €51,820 | €4,178 | €40,468 | ▲ 869% |
| Other amounts receivable41 | - | - | €59,968 | €115,945 | €138,505 | €122,255 | ▼ 11.7% |
| Current investments50/53 | - | - | €876 | - | - | - | - |
| Cash at bank and in hand54/58 | €461 | - | - | €27,527 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €10,347 | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €29,083 | €84,250 | €88,767 | €196,073 | €277,683 | €297,723 | ▲ 7.2% |
| Equity10/15 | €25,614 | €28,910 | €41,518 | €73,206 | €97,702 | €113,018 | ▲ 15.7% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €23,599 | €23,599 | €23,599 | €23,599 | €23,599 | €23,599 | = |
| Non-distributable reserves130/1 | - | - | €18,599 | €18,599 | €18,599 | €18,599 | = |
| Reserves not available under the articles1311 | - | - | €18,599 | €18,599 | €18,599 | €18,599 | = |
| Tax-exempt reserves132 | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €2,014 | €5,310 | €17,918 | €49,606 | €74,102 | €89,418 | ▲ 20.7% |
| Amounts payable17/49 | €3,469 | €55,340 | €47,249 | €122,867 | €179,981 | €184,705 | ▲ 2.6% |
| Amounts payable after more than one year17 | - | €10,689 | €5,574 | - | - | - | - |
| Financial debts170/4 | - | - | €5,574 | - | - | - | - |
| Amounts payable within one year42/48 | €3,469 | €44,651 | €41,675 | €122,867 | €179,981 | €184,705 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,678 | €822 | - | - |
| Financial debts43 | - | - | €9,798 | - | €17,212 | €17,262 | ▲ 0.3% |
| Credit institutions430/8 | - | - | €9,798 | - | €17,212 | €17,262 | ▲ 0.3% |
| Trade debts44 | €1,089 | €26,402 | €11,445 | €82,642 | €115,646 | €139,391 | ▲ 20.5% |
| Suppliers440/4 | - | - | €11,445 | €82,642 | €115,646 | €139,391 | ▲ 20.5% |
| Advances received on contracts in progress46 | - | - | €14,352 | €21,731 | €21,731 | €21,731 | = |
| Taxes, remuneration and social security45 | - | - | €6,080 | €16,816 | €24,570 | €6,279 | ▼ 74.4% |
| Taxes450/3 | - | - | €6,080 | €16,686 | €24,570 | €6,279 | ▼ 74.4% |
| Remuneration and social security454/9 | - | - | - | €130 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €42 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,232 | €3,296 | €12,608 | €31,688 | €8,679 | €15,316 | ▲ 76.5% |
| + Depreciation and write-downs630 | €5,525 | €5,359 | €5,215 | €5,129 | €474 | - | - |
| Operating cash flow (approximation) | €13,757 | €8,655 | €17,823 | €36,817 | €9,152 | €15,316 | ▲ 67.3% |
| Investment in fixed assets (approximation) | - | -€14,500 | €0 | -€925 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 16-09-2025 | 2025-00493516 |
| 31-12-2023 | micro format | 12-11-2024 | 2024-00532853 |
| 31-12-2021 | micro format | 14-11-2022 | 2022-20519423 |
| 31-12-2020 | micro format | 08-06-2022 | 2022-20061974 |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67800265 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67600243 |
| 31-12-2017 | micro format | 23-10-2018 | 2018-70000245 |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65500236 |
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Of the 15,130 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,432. 6,216 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.