DENEVE CONSTRUCT
ActiveSummary
DENEVE CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €391,685 and a net result of -€120,737. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-9
Solvency30▼-2
Growth37=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.05 in 2024; short-term debt: 95% and cash: 4.9% of total assets), and 95% of the assets are financed with debt.
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Signals
Five 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 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 2025Solvency, return and age of the figures
Solvency
5%
Return on assets
-1.5%
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 23% of 9268 sector peers (2025).
NBB · sector comparisonPosition among 9268 sector peers
Solvency
better than 23%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
31 d late
2022
5 d early
2021
19 d late
2020
on the day
2019
10 d late
← 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 12 days after 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€11.2m▼ 12.8%
2023 · €12.8m
EBIT margin
2.3%▼ 0.2pp
2023 · 2.5%
Net result
-€120,737
2024 · €13,720
Working capital
€317,001▼ 14.7%
2024 · €371,750
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.2m€12.8m▼ 2.7%€11.2m▼ 12.8%
Operating result€472,604▲ 18.5%€835,017▲ 76.7%€322,474▼ 61.4%€260,430▼ 19.2%€121,217▼ 53.5%
Net result€130,343▲ 16.5%€274,152▲ 110%€14,885▼ 94.6%€13,720▼ 7.8%-€120,737
EBIT margin6.3%2.5%▼ 3.8pp2.3%▼ 0.2pp
Equity€209,665▲ 164%€483,817▲ 131%€498,702▲ 3.1%€512,421▲ 2.8%€391,685▼ 23.6%
Total assets€9.4m▲ 26.0%€9.6m▲ 1.7%€8.6m▼ 10.2%€7.7m▼ 9.9%€7.8m▲ 1.0%
Debt€9.2m▲ 24.5%€9.1m▼ 1.3%€8.1m▼ 10.9%€7.2m▼ 10.7%€7.4m▲ 2.7%
Working capital€140,623▲ 902%€330,481▲ 135%€335,378▲ 1.5%€371,750▲ 10.8%€317,001▼ 14.7%
Staff (FTE)4.6▲ 4.5%5.1▲ 10.9%5▼ 2.0%2.9▼ 42.0%1.9▼ 34.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.8m
Fixed assets
€77,167 ▼ 48.8%
Current assets
€7.7m ▲ 1.9%
Equity and liabilities €7.8m
Equity
€391,685 ▼ 23.6%
Debt
€7.4m ▲ 2.7%
Debt's share of the balance-sheet total rises from 93.4% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€138,550▼
2024 · €271,444
Cash flow
-€103,404▼
2024 · €24,734
Current ratio
1.04▼
2024 · 1.05
Quick ratio
0.14▼
2024 · 0.21
Debt to equity
18.96▲
2024 · 14.11
ROE
-30.8%▼
2024 · 2.7%
ROA
-1.5%▼
2024 · 0.2%
Interest coverage
0.61▼
2024 · 1.50
Debt ≤ 1 year
€7.4m▲
2024 · €7.2m
Debt > 1 year
€2,484▼
2024 · €10,079
Income taxes
€16,108▲
2024 · €10,148
Staff costs
€139,199▼
2024 · €188,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.3m | €12.9m | €11.2m | - | - |
| Turnover70 | - | €13.2m | €12.8m | €11.2m | - | - |
| Own construction capitalised72 | - | €50,694 | - | - | - | - |
| Other operating income74 | - | €100,258 | €46,189 | €7,558 | - | - |
| Non-recurring operating income76A | - | - | - | - | €196,943 | - |
| Operating charges60/66A | - | €12.5m | €12.6m | €10.9m | - | - |
| Goods for resale, raw materials and consumables60 | - | €9.6m | €10.9m | €10.0m | - | - |
| Purchases600/8 | - | €12.2m | €9.4m | €9.6m | - | - |
| Change in stocks: decrease (increase)609 | - | -€2.5m | €1.5m | €367,092 | - | - |
| Services and other goods61 | - | €2.5m | €1.3m | €661,446 | - | - |
| Remuneration, social security and pensions62 | €237,118 | €351,494 | €319,983 | €188,150 | €139,199 | ▼ 26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,036 | €10,757 | €12,316 | €11,014 | €17,333 | ▲ 57.4% |
| Other operating charges640/8 | €41,825 | €18,729 | €10,603 | €104,824 | €84,862 | ▼ 19.0% |
| Non-recurring operating charges66A | - | €10,652 | - | - | €2,700 | - |
| Gross operating margin9900 | €770,582 | - | - | - | €365,311 | - |
| Operating profit (loss)9901 | €472,604 | €835,017 | €322,474 | €260,430 | €121,217 | ▼ 53.5% |
| Financial income75/76B | €38,035 | €10,951 | €19,376 | €4,145 | €1,477 | ▼ 64.4% |
| Recurring financial income75 | €38,035 | €10,951 | €19,376 | €4,145 | €1,477 | ▼ 64.4% |
| Other financial income752/9 | - | €10,951 | €19,376 | €4,145 | - | - |
| Financial charges65/66B | €326,316 | €457,949 | €313,439 | €240,707 | €227,323 | ▼ 5.6% |
| Recurring financial charges65 | €326,316 | €457,949 | €313,439 | €240,707 | €227,323 | ▼ 5.6% |
| Debt charges650 | - | €167,920 | €177,677 | €181,026 | - | - |
| Other financial charges652/9 | - | €290,029 | €135,762 | €59,680 | - | - |
| Profit (loss) for the period before taxes9903 | €184,323 | €388,018 | €28,411 | €23,868 | -€104,629 | ▼ 538% |
| Income taxes67/77 | €53,980 | €113,866 | €13,526 | €10,148 | €16,108 | ▲ 58.7% |
| Taxes670/3 | - | €113,866 | €13,526 | €10,148 | - | - |
| Profit (loss) for the period9904 | €130,343 | €274,152 | €14,885 | €13,720 | -€120,737 | ▼ 980% |
| Profit (loss) for the period to be appropriated9905 | €130,343 | €274,152 | €14,885 | €13,720 | -€120,737 | ▼ 980% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.4m | €9.6m | €8.6m | €7.7m | €7.8m | ▲ 1.0% |
| Fixed assets21/28 | €88,010 | €153,336 | €163,323 | €150,750 | €77,167 | ▼ 48.8% |
| Tangible fixed assets22/27 | €61,716 | €112,262 | €120,989 | €109,975 | €51,782 | ▼ 52.9% |
| Land and buildings22 | - | €75,694 | €81,228 | €81,228 | €0 | ▼ 100% |
| Furniture and vehicles24 | €61,716 | €36,568 | €39,761 | €28,748 | €51,782 | ▲ 80.1% |
| Financial fixed assets28 | €26,294 | €41,074 | €42,334 | €40,775 | €25,385 | ▼ 37.7% |
| Other financial fixed assets284/8 | - | €41,074 | €42,334 | €40,775 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €41,074 | €42,334 | €40,775 | - | - |
| Current assets29/58 | €9.3m | €9.4m | €8.4m | €7.6m | €7.7m | ▲ 1.9% |
| Stocks and contracts in progress3 | €5.0m | €7.7m | €6.4m | €6.0m | €6.7m | ▲ 11.0% |
| Stocks30/36 | €5.0m | €7.7m | €6.4m | €6.0m | €6.7m | ▲ 11.0% |
| Property held for sale35 | - | €7.7m | €6.4m | €6.0m | - | - |
| Amounts receivable within one year40/41 | €2.5m | €598,104 | €442,383 | €618,972 | €632,697 | ▲ 2.2% |
| Trade receivables40 | €378,608 | €502,066 | €337,329 | €486,785 | €164,950 | ▼ 66.1% |
| Other amounts receivable41 | €2.1m | €96,038 | €105,053 | €132,187 | €467,747 | ▲ 254% |
| Cash at bank and in hand54/58 | €1.8m | €998,636 | €1.6m | €929,337 | €386,902 | ▼ 58.4% |
| Deferred charges and accrued income490/1 | €63,601 | €136,030 | €26,950 | - | €8,285 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.4m | €9.6m | €8.6m | €7.7m | €7.8m | ▲ 1.0% |
| Equity10/15 | €209,665 | €483,817 | €498,702 | €512,421 | €391,685 | ▼ 23.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €195,405 | €469,557 | €484,442 | €498,161 | €377,425 | ▼ 24.2% |
| Amounts payable17/49 | €9.2m | €9.1m | €8.1m | €7.2m | €7.4m | ▲ 2.7% |
| Amounts payable after more than one year17 | €743 | - | - | €10,079 | €2,484 | ▼ 75.4% |
| Financial debts170/4 | €743 | - | - | €10,079 | €2,484 | ▼ 75.4% |
| Credit institutions173 | - | - | - | €10,079 | - | - |
| Amounts payable within one year42/48 | €9.2m | €9.1m | €8.1m | €7.2m | €7.4m | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €6,457 | - | - | €6,552 | €1.1m | ▲ 16,177% |
| Financial debts43 | €4.8m | €2.1m | €1.9m | €500,000 | €1.4m | ▲ 175% |
| Credit institutions430/8 | €4.8m | €2.1m | €1.9m | €500,000 | €1.4m | ▲ 175% |
| Trade debts44 | €992,208 | €1.4m | €1.3m | €1.3m | €1.5m | ▲ 16.0% |
| Suppliers440/4 | €992,208 | €1.4m | €1.3m | €1.3m | €1.5m | ▲ 16.0% |
| Taxes, remuneration and social security45 | €83,479 | €155,144 | €153,464 | €161,843 | €263,912 | ▲ 63.1% |
| Taxes450/3 | €66,892 | €154,675 | €149,877 | €161,843 | €256,978 | ▲ 58.8% |
| Remuneration and social security454/9 | €16,587 | €469 | €3,588 | - | €6,934 | - |
| Other amounts payable47/48 | €3.3m | €5.5m | €4.7m | €5.3m | €3.2m | ▼ 38.8% |
| Accrued charges and deferred income492/3 | €18,225 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,343 | €274,152 | €14,885 | €13,720 | -€120,737 | ▼ 980% |
| + Depreciation and write-downs630 | €19,036 | €10,757 | €12,316 | €11,014 | €17,333 | ▲ 57.4% |
| Operating cash flow (approximation) | €149,379 | €284,909 | €27,201 | €24,734 | -€103,404 | ▼ 518% |
| Investment in fixed assets (approximation) | - | -€76,083 | -€22,304 | €1,559 | €56,250 | ▲ 3,508% |
| Change in cash | - | -€768,457 | €553,311 | -€622,609 | -€542,436 | ▲ 12.9% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€120,737
Net result drops to -€120,737, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €500,000Eq €512,421 ▲2.8%
6 profitable years in a row build equity to €512,421.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €274,152 ▲110%
Operating result €835,017, net result €274,152, both a record.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-08
Financial
Equity above €200,000Eq €209,665 ▲164%
3 profitable years in a row build equity to €209,665.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brasschaat · 1 establishment unit since 2011
Ground area
573 m²
Building footprint
188 m²
Volume, LiDAR
1,170 m³
Parcel 11322E0015/00A006, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Kapelsesteenweg 266, 2930 Brasschaat
since 20112.207.204.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0015/00A006 | Flanders | 573 m² | 1 · 187 m² | 10.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 9,043 EUR awarded · 9,043 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,193 EUR | 1,193 EUR |
| 2023 | 1 | 4,878 EUR | 4,878 EUR |
| 2022 | 2 | 2,972 EUR | 2,972 EUR |
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 4,955 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
Founded27-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.