DEGROOTE HARBOUR CONSTRUCT
ActiveSummary
DEGROOTE HARBOUR CONSTRUCT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.5m and a net result of €422,117. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-56
Solvency48▼-9
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.47 in 2023; short-term debt: 75.1% and cash: 1.8% of total assets), and 76.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.4%
Return on assets
1.5%
Age of the figures
21 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
37 d early
2023
33 d early
2022
32 d early
2021
40 d early
2020
20 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 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 What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?VASTGOEDGROEP DEGROOTE · 13 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#9 company by total assets in Ostend, Real estate sector
Turnover
€19.6m▼ 12.0%
2023 · €22.2m
EBIT margin
5.6%▼ 24.5pp
2023 · 30.1%
Net result
€422,117▼ 91.2%
2023 · €4.8m
Working capital
€6.5m▲ 6.8%
2023 · €6.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Turnover€11.9m▲ 199%€27.2m▲ 128%€33.3m▲ 22.3%€22.2m▼ 33.2%€19.6m▼ 12.0%
Operating result€1.2m€3.1m▲ 162%€4.2m▲ 35.6%€6.7m▲ 60.0%€1.1m▼ 83.6%
Net result€899,446above the sector's middle half€2.2mabove the sector's middle half▲ 147%€3.2mabove the sector's middle half▲ 42.7%€4.8mabove the sector's middle half▲ 50.5%€422,117above the sector's middle half▼ 91.2%
EBIT margin9.9%▲ 25.3pp11.3%▲ 1.4pp12.6%▲ 1.2pp30.1%▲ 17.5pp5.6%▼ 24.5pp
Equity€1.6mwithin the sector's middle half▲ 121%€2.9mabove the sector's middle half▲ 74.6%€1.5mwithin the sector's middle half▼ 48.1%€6.2mabove the sector's middle half▲ 315%€6.5mabove the sector's middle half▲ 5.8%
Total assets€6.0mwithin the sector's middle half▲ 51.5%€12.8mabove the sector's middle half▲ 114%€14.1mabove the sector's middle half▲ 9.9%€19.6mabove the sector's middle half▲ 39.1%€27.9mabove the sector's middle half▲ 42.3%
Debt€4.3m▲ 64.8%€10.0m▲ 129%€12.6m▲ 26.6%€13.4m▲ 6.5%€21.4m▲ 59.0%
Working capital€952,059above the sector's middle half▲ 125%€2.3mabove the sector's middle half▲ 140%€1.1mabove the sector's middle half▼ 51.8%€6.1mabove the sector's middle half▲ 456%€6.5mabove the sector's middle half▲ 6.8%
Solvency27.4%within the sector's middle half▲ 8.6pp22.3%within the sector's middle half▼ 5.1pp10.6%within the sector's middle half▼ 11.8pp31.5%within the sector's middle half▲ 21.0pp23.4%within the sector's middle half▼ 8.1pp
Current ratio1.22within the sector's middle half▲ 0.061.23within the sector's middle half▲ 0.011.09within the sector's middle half▼ 0.141.47within the sector's middle half▲ 0.381.31within the sector's middle half▼ 0.15
Return on assets (ROA)15.0%above the sector's middle half▲ 32.7pp17.3%above the sector's middle half▲ 2.3pp22.5%above the sector's middle half▲ 5.2pp24.4%above the sector's middle half▲ 1.8pp1.5%within the sector's middle half▼ 22.9pp
Staff (FTE)2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=2.3within the sector's middle half▲ 15.0%3within the sector's middle half▲ 30.4%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 84% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27.9m
Fixed assets
€389,670 ▲ 17.3%
Current assets
€27.5m ▲ 42.7%
Equity and liabilities €27.9m
Equity
€6.5m ▲ 5.8%
Debt
€21.4m ▲ 59.0%
Debt's share of the balance-sheet total rises from 68.5% to 76.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▼
2023 · €6.8m
Cash flow
€550,679▼
2023 · €4.9m
Quick ratio
0.07▼
2023 · 0.15
Debt to equity
3.27▲
2023 · 2.17
ROE
6.5%▼
2023 · 77.3%
Interest coverage
2.49▼
2023 · 17.95
Debt ≤ 1 year
€21.0m▲
2023 · €13.2m
Income taxes
€150,633▼
2023 · €1.6m
Staff costs
€419,624▲
2023 · €302,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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 3,984 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €30.5m | €43.4m | €18.7m | €33.7m | ▲ 80.3% |
| Turnover70 | €11.9m | €27.2m | €33.3m | €22.2m | €19.6m | ▼ 12.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €3.3m | €10.1m | -€3.6m | €13.9m | ▲ 481% |
| Other operating income74 | - | €15,670 | €45,175 | €56,374 | €249,199 | ▲ 342% |
| Non-recurring operating income76A | - | - | - | €37,500 | €12,500 | ▼ 66.7% |
| Operating charges60/66A | - | €27.4m | €39.2m | €12.0m | €32.6m | ▲ 172% |
| Goods for resale, raw materials and consumables60 | - | €23.9m | €35.3m | €8.4m | €27.8m | ▲ 231% |
| Purchases600/8 | - | €23.9m | €35.3m | €19.4m | €22.7m | ▲ 17.2% |
| Change in stocks: decrease (increase)609 | - | - | - | -€11.0m | €5.1m | ▲ 147% |
| Services and other goods61 | - | €2.9m | €3.3m | €3.2m | €4.2m | ▲ 30.6% |
| Remuneration, social security and pensions62 | - | €333,452 | €419,782 | €302,037 | €419,624 | ▲ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125,160 | €130,220 | €129,240 | €117,896 | €128,562 | ▲ 9.0% |
| Other operating charges640/8 | - | €132,758 | €10,066 | €4,907 | €80,177 | ▲ 1,534% |
| Non-recurring operating charges66A | - | - | - | €500 | - | - |
| Operating profit (loss)9901 | €1.2m | €3.1m | €4.2m | €6.7m | €1.1m | ▼ 83.6% |
| Financial income75/76B | - | €42,390 | €123,902 | €70,145 | €52,391 | ▼ 25.3% |
| Recurring financial income75 | €1,034 | €42,390 | €123,902 | €70,145 | €52,391 | ▼ 25.3% |
| Income from current assets751 | - | €11,265 | €22,338 | €7,050 | €5,928 | ▼ 15.9% |
| Other financial income752/9 | - | €31,124 | €101,563 | €63,095 | €46,463 | ▼ 26.4% |
| Financial charges65/66B | - | €106,709 | €64,215 | €379,546 | €576,906 | ▲ 52.0% |
| Recurring financial charges65 | €127,152 | €106,709 | €64,215 | €379,546 | €492,756 | ▲ 29.8% |
| Debt charges650 | €126,691 | €102,028 | €63,895 | €379,167 | €492,095 | ▲ 29.8% |
| Other financial charges652/9 | - | €4,681 | €320 | €379 | €661 | ▲ 74.3% |
| Non-recurring financial charges66B | - | - | - | - | €84,150 | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €3.0m | €4.2m | €6.4m | €572,750 | ▼ 91.0% |
| Income taxes67/77 | €153,652 | €794,634 | €1.1m | €1.6m | €150,633 | ▼ 90.6% |
| Taxes670/3 | - | €794,634 | €1.1m | €1.6m | €150,633 | ▼ 90.6% |
| Profit (loss) for the period9904 | €899,446 | €2.2m | €3.2m | €4.8m | €422,117 | ▼ 91.2% |
| Profit (loss) for the period to be appropriated9905 | €899,446 | €2.2m | €3.2m | €4.8m | €422,117 | ▼ 91.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €12.8m | €14.1m | €19.6m | €27.9m | ▲ 42.3% |
| Fixed assets21/28 | €689,477 | €579,206 | €449,966 | €332,069 | €389,670 | ▲ 17.3% |
| Tangible fixed assets22/27 | €689,227 | €578,956 | €449,716 | €331,819 | €329,520 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | €567,828 | €448,320 | €331,372 | €282,753 | ▼ 14.7% |
| Furniture and vehicles24 | - | €11,128 | €1,396 | €447 | €46,767 | ▲ 10,361% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €60,150 | ▲ 23,960% |
| Other financial fixed assets284/8 | - | €250 | €250 | €250 | €60,150 | ▲ 23,960% |
| Amounts receivable and cash guarantees285/8 | - | €250 | €250 | €250 | €60,150 | ▲ 23,960% |
| Current assets29/58 | €5.3m | €12.3m | €13.7m | €19.3m | €27.5m | ▲ 42.7% |
| Stocks and contracts in progress3 | €1.3m | €4.6m | €9.9m | €17.3m | €26.0m | ▲ 50.6% |
| Stocks30/36 | - | - | - | €11.0m | €5.9m | ▼ 46.6% |
| Property held for sale35 | - | - | - | €11.0m | €5.9m | ▼ 46.6% |
| Contracts in progress37 | - | €4.6m | €9.9m | €6.3m | €20.2m | ▲ 220% |
| Amounts receivable within one year40/41 | €249,379 | €6.1m | €3.5m | €567,840 | €902,990 | ▲ 59.0% |
| Trade receivables40 | - | €375,891 | €1.8m | €279,016 | €744,576 | ▲ 167% |
| Other amounts receivable41 | - | €5.7m | €1.7m | €288,824 | €158,414 | ▼ 45.2% |
| Cash at bank and in hand54/58 | €3.5m | €1.6m | €251,270 | €1.4m | €502,582 | ▼ 64.8% |
| Deferred charges and accrued income490/1 | - | €11,265 | €615 | €7,179 | €77,793 | ▲ 984% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €12.8m | €14.1m | €19.6m | €27.9m | ▲ 42.3% |
| Equity10/15 | €1.6m | €2.9m | €1.5m | €6.2m | €6.5m | ▲ 5.8% |
| Contributions10/11 | €200,000 | €200,000 | €83,083 | €83,083 | €83,083 | = |
| Capital10 | - | €200,000 | €83,083 | €83,083 | €83,083 | = |
| Issued capital100 | - | €200,000 | €83,083 | €83,083 | €83,083 | = |
| Reserves13 | €1.4m | €2.7m | €1.4m | €6.1m | €6.5m | ▲ 5.9% |
| Non-distributable reserves130/1 | - | €20,000 | €8,308 | €8,308 | €8,308 | = |
| Legal reserve130 | - | €20,000 | €8,308 | €8,308 | €8,308 | = |
| Distributable reserves133 | - | €2.6m | €1.4m | €6.1m | €6.4m | ▲ 5.9% |
| Profit (loss) carried forward14 | -€250,381 | - | - | - | - | - |
| Amounts payable17/49 | €4.3m | €10.0m | €12.6m | €13.4m | €21.4m | ▲ 59.0% |
| Amounts payable within one year42/48 | €4.3m | €10.0m | €12.5m | €13.2m | €21.0m | ▲ 59.4% |
| Trade debts44 | €1.4m | €2.2m | €3.2m | €1.6m | €2.7m | ▲ 72.7% |
| Suppliers440/4 | - | €2.2m | €3.2m | €1.6m | €2.7m | ▲ 72.7% |
| Advances received on contracts in progress46 | - | €6.0m | €4.7m | - | €3,887 | - |
| Taxes, remuneration and social security45 | - | €819,000 | €1.1m | €477,907 | €1.2m | ▲ 142% |
| Taxes450/3 | - | €711,522 | €1.1m | €435,026 | €1.1m | ▲ 154% |
| Remuneration and social security454/9 | - | €107,478 | €59,774 | €42,880 | €53,282 | ▲ 24.3% |
| Other amounts payable47/48 | - | €1.0m | €3.5m | €11.1m | €17.1m | ▲ 53.9% |
| Accrued charges and deferred income492/3 | - | - | €65,406 | €281,496 | €398,882 | ▲ 41.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €899,446 | €2.2m | €3.2m | €4.8m | €422,117 | ▼ 91.2% |
| + Depreciation and write-downs630 | €125,160 | €130,220 | €129,240 | €117,896 | €128,562 | ▲ 9.0% |
| Operating cash flow (approximation) | €1.0m | €2.4m | €3.3m | €4.9m | €550,679 | ▼ 88.8% |
| Investment in fixed assets (approximation) | - | -€19,949 | €0 | €0 | -€186,162 | - |
| Change in cash | - | -€1.9m | -€1.4m | €1.2m | -€925,062 | ▼ 179% |
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
03-09
State Gazette act
General meeting · Purpose change
Corporate purpose · Statutes amendment
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.8m ▲50.5%
Operating result €6.7m, net result €4.8m, both a record.
31-12
Financial
Equity above €5mEq €6.2m ▲315%
4 profitable years in a row build equity to €6.2m.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2mEq €2.9m ▲74.6%
2 profitable years in a row build equity to €2.9m.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Back to profitnet €899,446
Net result €899,446 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.6m ▲121%
Equity rises from €742,089 to €1.6m.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€699,619
Net result drops to -€699,619, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
17 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, Oostende · 1 establishment unit since 2001
Ground area
1.7 ha
Building footprint
2,735 m²
Parcel 35013A4616/00A000, Flanders. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
DEGROOTE HARBOUR CONSTRUCT
since 20012.265.941.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A4616/00A000 | Flanders | 1.7 ha | 1 · 2,735 m² | - |
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
VASTGOEDGROEP DEGROOTE
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- VASTGOEDGROEP DEGROOTE
- DEGROOTE HARBOUR CONSTRUCT
Highest known parent: VASTGOEDGROEP DEGROOTE. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 27,464 EUR awarded · 27,464 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 7,500 EUR | 7,770 EUR |
| 2023 | 1 | 6,539 EUR | 6,269 EUR |
| 2022 | 1 | 5,925 EUR | 5,925 EUR |
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Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 1,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-02-1997
Fiscal year end31-12
Abbreviation NL
DHC
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
63920Other information service activities
70200Business and other management consultancy
82990Other business support services
Contact
Website
www.vastgoed-degroote.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459985183
Also
9925:BE0459985183
Registered
27-08-2025
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.