DEDEYSTERE CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-04-2026 PDF all 13 filings
Turnover
≈ €220,000
Estimated: probably between €120,000 and €430,000
Total assets
€61,590▲ 36.4%
2024 · €45,140
Net result
€15,213▼ 28.6%
2024 · €21,303
Working capital
€56,486▲ 36.9%
2024 · €41,273
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€15,890
▼ 26.6%
2025
20192025
Net result
€15,213
▼ 28.6%
2025
middle half of the sector
20192025
Equity
€56,486
▲ 36.9%
2025
middle half of the sector
20192025
Total assets
€61,590
▲ 36.4%
2025
lowest quarter of the sector
20192025
Debt
€5,104
▲ 32.0%
2025
20192025
Working capital
€56,486
▲ 36.9%
2025
middle half of the sector
20192025
Solvency
91.7%
▲ 0.3pp
2025
highest quarter of the sector
20192025
Current ratio
12.07
▲ 0.39
2025
highest quarter of the sector
20192025
Return on assets (ROA)
24.7%
▼ 22.5pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€7,633--€8,940€19,511€1,901▼ 90.3%€21,901▲ 12×€21,653▼ 1.1%€15,890▼ 26.6%
Net result€7,315--€9,268below the sector's middle half€19,351within the sector's middle half€1,362within the sector's middle half▼ 93.0%€21,590within the sector's middle half▲ 16×€21,303within the sector's middle half▼ 1.3%€15,213within the sector's middle half▼ 28.6%
Equity-€13,065--€22,333below the sector's middle half▼ 70.9%-€2,982below the sector's middle half▲ 86.6%-€1,621below the sector's middle half▲ 45.7%€19,970below the sector's middle half€41,273within the sector's middle half▲ 107%€56,486within the sector's middle half▲ 36.9%
Total assets€47,291-€83,074within the sector's middle half▲ 75.7%€83,834within the sector's middle half▲ 0.9%€82,813within the sector's middle half▼ 1.2%€98,058within the sector's middle half▲ 18.4%€45,140below the sector's middle half▼ 54.0%€61,590below the sector's middle half▲ 36.4%
Debt€60,356-€105,408▲ 74.6%€86,816▼ 17.6%€84,434▼ 2.7%€78,089▼ 7.5%€3,867▼ 95.0%€5,104▲ 32.0%
Working capital-€17,631--€26,988below the sector's middle half▼ 53.1%-€5,631below the sector's middle half▲ 79.1%-€2,263below the sector's middle half▲ 59.8%€19,813within the sector's middle half€41,273within the sector's middle half▲ 108%€56,486within the sector's middle half▲ 36.9%
Solvency-27.6%--26.9%below the sector's middle half▲ 0.7pp-3.6%below the sector's middle half▲ 23.3pp-2.0%below the sector's middle half▲ 1.6pp20.4%below the sector's middle half▲ 22.3pp91.4%above the sector's middle half▲ 71.1pp91.7%above the sector's middle half▲ 0.3pp
Current ratio0.71-0.74below the sector's middle half▲ 0.040.94below the sector's middle half▲ 0.190.97below the sector's middle half▲ 0.041.25within the sector's middle half▲ 0.2811.67above the sector's middle half▲ 10.4212.07above the sector's middle half▲ 0.39
Return on assets (ROA)15.5%--11.2%below the sector's middle half▼ 26.6pp23.1%above the sector's middle half▲ 34.2pp1.6%within the sector's middle half▼ 21.4pp22.0%above the sector's middle half▲ 20.4pp47.2%above the sector's middle half▲ 25.2pp24.7%above the sector's middle half▼ 22.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 27% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €61,590
Equity
€56,486 ▲ 36.9%
Debt
€5,104 ▲ 32.0%
Debt's share of the balance-sheet total falls from 8.6% to 8.3%. Equity and debt are higher.
Key figures and ratios
Quick ratio
11.92▲
2024 · 11.48
Debt to equity
0.09▼
2024 · 0.09
ROE
26.9%▼
2024 · 51.6%
Debt ≤ 1 year
€5,104▲
2024 · €3,867
Income taxes
€611▲
2024 · €284
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,750 | €1,759 | €2,006 | €2,006 | €485 | €157 | - | - |
| Other operating charges640/8 | - | - | €1,828 | €10,066 | €1,377 | €1,775 | €556 | ▼ 68.6% |
| Gross operating margin9900 | €11,887 | -€5,013 | €23,345 | €13,973 | €23,763 | €23,585 | €16,446 | ▼ 30.3% |
| Operating profit (loss)9901 | €7,633 | -€8,940 | €19,511 | €1,901 | €21,901 | €21,653 | €15,890 | ▼ 26.6% |
| Financial income75/76B | - | - | - | - | €21 | - | - | - |
| Recurring financial income75 | - | - | - | - | €21 | - | - | - |
| Financial charges65/66B | - | - | €160 | €277 | €69 | €66 | €66 | ▼ 0.1% |
| Recurring financial charges65 | €19 | €66 | €160 | €277 | €69 | €66 | €66 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €7,614 | -€9,006 | €19,351 | €1,624 | €21,852 | €21,587 | €15,824 | ▼ 26.7% |
| Income taxes67/77 | €298 | €262 | - | €262 | €262 | €284 | €611 | ▲ 116% |
| Profit (loss) for the period9904 | €7,315 | -€9,268 | €19,351 | €1,362 | €21,590 | €21,303 | €15,213 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €7,315 | -€9,268 | €19,351 | €1,362 | €21,590 | €21,303 | €15,213 | ▼ 28.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €47,291 | €83,074 | €83,834 | €82,813 | €98,058 | €45,140 | €61,590 | ▲ 36.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €4,566 | €4,655 | €2,649 | €642 | €157 | €0 | €0 | - |
| Tangible fixed assets22/27 | €4,566 | €4,655 | €2,649 | €642 | €157 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | - | - |
| Furniture and vehicles24 | - | - | €2,649 | €642 | €157 | €0 | €0 | - |
| Current assets29/58 | €42,724 | €78,419 | €81,185 | €82,171 | €97,902 | €45,140 | €61,590 | ▲ 36.4% |
| Stocks and contracts in progress3 | €9,718 | €9,718 | €10,687 | €10,065 | €10,665 | €750 | €750 | = |
| Stocks30/36 | - | - | €9,037 | €8,565 | €665 | €750 | €750 | = |
| Contracts in progress37 | - | - | €1,650 | €1,500 | €10,000 | - | - | - |
| Amounts receivable within one year40/41 | €32,788 | €66,669 | €70,134 | €71,867 | €86,939 | €44,082 | €60,384 | ▲ 37.0% |
| Trade receivables40 | - | - | €25,684 | €13,764 | €13,764 | €621 | €10,213 | ▲ 16× |
| Other amounts receivable41 | - | - | €44,451 | €58,103 | €73,175 | €43,461 | €50,171 | ▲ 15.4% |
| Cash at bank and in hand54/58 | €219 | €33 | €364 | €239 | €298 | €307 | €455 | ▲ 48.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €47,291 | €83,074 | €83,834 | €82,813 | €98,058 | €45,140 | €61,590 | ▲ 36.4% |
| Equity10/15 | -€13,065 | -€22,333 | -€2,982 | -€1,621 | €19,970 | €41,273 | €56,486 | ▲ 36.9% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €67,522 | €67,522 | €67,522 | €67,522 | €67,522 | €67,522 | €67,522 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | €65,522 | €65,522 | €65,522 | €67,522 | €67,522 | = |
| Profit (loss) carried forward14 | -€100,587 | -€109,855 | -€90,505 | -€89,143 | -€67,553 | -€46,249 | -€31,037 | ▲ 32.9% |
| Amounts payable17/49 | €60,356 | €105,408 | €86,816 | €84,434 | €78,089 | €3,867 | €5,104 | ▲ 32.0% |
| Amounts payable within one year42/48 | €60,356 | €105,408 | €86,816 | €84,434 | €78,089 | €3,867 | €5,104 | ▲ 32.0% |
| Trade debts44 | €12,436 | €5,107 | €2,700 | €2,517 | €2,552 | €2,617 | €161 | ▼ 93.8% |
| Suppliers440/4 | - | - | €2,700 | €2,517 | €2,552 | €2,617 | €161 | ▼ 93.8% |
| Taxes, remuneration and social security45 | - | - | €1,215 | €616 | €1,231 | €1,250 | €4,943 | ▲ 295% |
| Taxes450/3 | - | - | - | - | - | - | €4,943 | - |
| Remuneration and social security454/9 | - | - | €1,215 | €616 | €1,231 | €1,250 | - | - |
| Other amounts payable47/48 | - | - | €82,901 | €81,301 | €74,306 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,315 | -€9,268 | €19,351 | €1,362 | €21,590 | €21,303 | €15,213 | ▼ 28.6% |
| + Depreciation and write-downs630 | €1,750 | €1,759 | €2,006 | €2,006 | €485 | €157 | - | - |
| Operating cash flow (approximation) | €9,066 | -€7,510 | €21,357 | €3,368 | €22,076 | €21,460 | €15,213 | ▼ 29.1% |
| Investment in fixed assets (approximation) | - | -€1,847 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€186 | €331 | -€125 | €59 | €10 | €148 | ▲ 15× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DEDEYSTERE CONSTRUCT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DEDEYSTERE CONSTRUCT itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DEDEYSTERE CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 23-04-2026 | 2026-00085462 | |
| 30-09-2024 | micro format | 24-04-2025 | 2025-00076372 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00071432 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00069548 | |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20005566 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12800044 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11000399 | |
| 30-09-2018 | micro format | 02-04-2019 | 2019-09000153 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08500443 | |
| 30-09-2016 | abbreviated format | 12-05-2017 | 2017-12100110 |