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 €392k and a net result of €-121k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 9234 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 €17k 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.
Credit check for your own amount and term
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 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€11.20M▼ 12.8%
2023 · €12.84M
2022: €13.20Mhighest in 3 years
2023: €12.84M▼ -2.7% vs 2022
2024: €11.20M▼ -12.8% vs 2023lowest in 3 years
2022 → 2024
EBIT margin
2.3%▼ 0.2pp
2023 · 2.5%
2022: 6.3%highest in 3 years
2023: 2.5%▼ -60.3% vs 2022
2024: 2.3%▼ -7.4% vs 2023lowest in 3 years
2022 → 2024
Net result
€-121k
2024 · €14k
2019: €174k
2020: €112k▼ -35.6% vs 2019
2021: €130k▲ +16.5% vs 2020
2022: €274k▲ +110% vs 2021highest in 7 years
2023: €15k▼ -94.6% vs 2022
2024: €14k▼ -7.8% vs 2023
2025: €-121k▼ -980% vs 2024lowest in 7 years
2019 → 2025
Working capital
€317k▼ 14.7%
2024 · €372k
2019: €-94klowest in 7 years
2020: €14k▲ +115% vs 2019
2021: €141k▲ +902% vs 2020
2022: €330k▲ +135% vs 2021
2023: €335k▲ +1.5% vs 2022
2024: €372k▲ +10.8% vs 2023highest in 7 years
2025: €317k▼ -14.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.20M€12.84M▼ 2.7%€11.20M▼ 12.8%
2022: €13.20Mhighest in 3 years
2023: €12.84M▼ -2.7% vs 2022
2024: €11.20M▼ -12.8% vs 2023lowest in 3 years
Equity€210k-€484k▲ 131%€499k▲ 3.1%€512k▲ 2.8%€392k▼ 23.6%
2021: €210klowest in 5 years
2022: €484k▲ +131% vs 2021
2023: €499k▲ +3.1% vs 2022
2024: €512k▲ +2.8% vs 2023highest in 5 years
2025: €392k▼ -23.6% vs 2024
Operating result€473k-€835k▲ 76.7%€322k▼ 61.4%€260k▼ 19.2%€121k▼ 53.5%
2021: €473k
2022: €835k▲ +76.7% vs 2021highest in 5 years
2023: €322k▼ -61.4% vs 2022
2024: €260k▼ -19.2% vs 2023
2025: €121k▼ -53.5% vs 2024lowest in 5 years
Net result€130k-€274k▲ 110%€15k▼ 94.6%€14k▼ 7.8%€-121k
2021: €130k
2022: €274k▲ +110% vs 2021highest in 5 years
2023: €15k▼ -94.6% vs 2022
2024: €14k▼ -7.8% vs 2023
2025: €-121k▼ -980% vs 2024lowest in 5 years
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 €7.82M
Fixed assets
€77k ▼ 48.8%
Current assets
€7.74M ▲ 1.9%
Equity and liabilities €7.82M
Equity
€392k ▼ 23.6%
Debt
€7.42M ▲ 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
€139k▼
2024 · €271k
Cash flow
€-103k▼
2024 · €25k
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
€7.42M▲
2024 · €7.22M
Debt > 1 year
€2k▼
2024 · €10k
Income taxes
€16k▲
2024 · €10k
Staff costs
€139k▼
2024 · €188k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.74M€7.82M▲
Fixed assets21/28€151k€77k▼
Tangible fixed assets22/27€110k€52k▼
Land and buildings22€81k€0▼
Furniture and vehicles24€29k€52k▲
Financial fixed assets28€41k€25k▼
Other financial fixed assets284/8€41k-
Amounts receivable and cash guarantees285/8€41k-
Current assets29/58€7.59M€7.74M▲
Stocks and contracts in progress3€6.04M€6.71M▲
Stocks30/36€6.04M€6.71M▲
Property held for sale35€6.04M-
Amounts receivable within one year40/41€619k€633k▲
Trade receivables40€487k€165k▼
Other amounts receivable41€132k€468k▲
Cash at bank and in hand54/58€929k€387k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€7.74M€7.82M▲
Equity10/15€512k€392k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€498k€377k▼
Amounts payable17/49€7.23M€7.42M▲
Amounts payable after more than one year17€10k€2k▼
Financial debts170/4€10k€2k▼
Credit institutions173€10k-
Amounts payable within one year42/48€7.22M€7.42M▲
Current portion of amounts payable after more than one year42€7k€1.07M▲
Financial debts43€500k€1.37M▲
Credit institutions430/8€500k€1.37M▲
Trade debts44€1.29M€1.50M▲
Suppliers440/4€1.29M€1.50M▲
Taxes, remuneration and social security45€162k€264k▲
Taxes450/3€162k€257k▲
Remuneration and social security454/9-€7k
Other amounts payable47/48€5.26M€3.22M▼
Income statement
Code20242025
Operating income70/76A€11.21M-
Turnover70€11.20M-
Other operating income74€8k-
Non-recurring operating income76A-€197k
Operating charges60/66A€10.95M-
Goods for resale, raw materials and consumables60€9.98M-
Purchases600/8€9.61M-
Change in stocks: decrease (increase)609€367k-
Services and other goods61€661k-
Remuneration, social security and pensions62€188k€139k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Other operating charges640/8€105k€85k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900-€365k
Operating profit (loss)9901€260k€121k▼
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Other financial income752/9€4k-
Financial charges65/66B€241k€227k▼
Recurring financial charges65€241k€227k▼
Debt charges650€181k-
Other financial charges652/9€60k-
Profit (loss) for the period before taxes9903€24k€-105k▼
Income taxes67/77€10k€16k▲
Taxes670/3€10k-
Profit (loss) for the period9904€14k€-121k▼
Profit (loss) for the period to be appropriated9905€14k€-121k▼
Appropriation of the result
Profit (loss) to be appropriated9906€498k€377k▼
Profit (loss) brought forward from the previous period14P€484k€498k▲
Social balance
Average headcount (FTE)90872.91.9▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.35M | €12.89M | €11.21M | - | - |
| Turnover70 | - | €13.20M | €12.84M | €11.20M | - | - |
| Own construction capitalised72 | - | €51k | - | - | - | - |
| Other operating income74 | - | €100k | €46k | €8k | - | - |
| Non-recurring operating income76A | - | - | - | - | €197k | - |
| Operating charges60/66A | - | €12.51M | €12.57M | €10.95M | - | - |
| Goods for resale, raw materials and consumables60 | - | €9.65M | €10.89M | €9.98M | - | - |
| Purchases600/8 | - | €12.15M | €9.37M | €9.61M | - | - |
| Change in stocks: decrease (increase)609 | - | €-2.50M | €1.52M | €367k | - | - |
| Services and other goods61 | - | €2.48M | €1.33M | €661k | - | - |
| Remuneration, social security and pensions62 | €237k | €351k | €320k | €188k | €139k | ▼ 26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €11k | €12k | €11k | €17k | ▲ 57.4% |
| Other operating charges640/8 | €42k | €19k | €11k | €105k | €85k | ▼ 19.0% |
| Non-recurring operating charges66A | - | €11k | - | - | €3k | - |
| Gross operating margin9900 | €771k | - | - | - | €365k | - |
| Operating profit (loss)9901 | €473k | €835k | €322k | €260k | €121k | ▼ 53.5% |
| Financial income75/76B | €38k | €11k | €19k | €4k | €1k | ▼ 64.4% |
| Recurring financial income75 | €38k | €11k | €19k | €4k | €1k | ▼ 64.4% |
| Other financial income752/9 | - | €11k | €19k | €4k | - | - |
| Financial charges65/66B | €326k | €458k | €313k | €241k | €227k | ▼ 5.6% |
| Recurring financial charges65 | €326k | €458k | €313k | €241k | €227k | ▼ 5.6% |
| Debt charges650 | - | €168k | €178k | €181k | - | - |
| Other financial charges652/9 | - | €290k | €136k | €60k | - | - |
| Profit (loss) for the period before taxes9903 | €184k | €388k | €28k | €24k | €-105k | ▼ 538% |
| Income taxes67/77 | €54k | €114k | €14k | €10k | €16k | ▲ 58.7% |
| Taxes670/3 | - | €114k | €14k | €10k | - | - |
| Profit (loss) for the period9904 | €130k | €274k | €15k | €14k | €-121k | ▼ 980% |
| Profit (loss) for the period to be appropriated9905 | €130k | €274k | €15k | €14k | €-121k | ▼ 980% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.42M | €9.57M | €8.60M | €7.74M | €7.82M | ▲ 1.0% |
| Fixed assets21/28 | €88k | €153k | €163k | €151k | €77k | ▼ 48.8% |
| Tangible fixed assets22/27 | €62k | €112k | €121k | €110k | €52k | ▼ 52.9% |
| Land and buildings22 | - | €76k | €81k | €81k | €0 | ▼ 100% |
| Furniture and vehicles24 | €62k | €37k | €40k | €29k | €52k | ▲ 80.1% |
| Financial fixed assets28 | €26k | €41k | €42k | €41k | €25k | ▼ 37.7% |
| Other financial fixed assets284/8 | - | €41k | €42k | €41k | - | - |
| Amounts receivable and cash guarantees285/8 | - | €41k | €42k | €41k | - | - |
| Current assets29/58 | €9.33M | €9.42M | €8.43M | €7.59M | €7.74M | ▲ 1.9% |
| Stocks and contracts in progress3 | €4.97M | €7.69M | €6.41M | €6.04M | €6.71M | ▲ 11.0% |
| Stocks30/36 | €4.97M | €7.69M | €6.41M | €6.04M | €6.71M | ▲ 11.0% |
| Property held for sale35 | - | €7.69M | €6.41M | €6.04M | - | - |
| Amounts receivable within one year40/41 | €2.53M | €598k | €442k | €619k | €633k | ▲ 2.2% |
| Trade receivables40 | €379k | €502k | €337k | €487k | €165k | ▼ 66.1% |
| Other amounts receivable41 | €2.15M | €96k | €105k | €132k | €468k | ▲ 254% |
| Cash at bank and in hand54/58 | €1.77M | €999k | €1.55M | €929k | €387k | ▼ 58.4% |
| Deferred charges and accrued income490/1 | €64k | €136k | €27k | - | €8k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.42M | €9.57M | €8.60M | €7.74M | €7.82M | ▲ 1.0% |
| Equity10/15 | €210k | €484k | €499k | €512k | €392k | ▼ 23.6% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €195k | €470k | €484k | €498k | €377k | ▼ 24.2% |
| Amounts payable17/49 | €9.21M | €9.09M | €8.10M | €7.23M | €7.42M | ▲ 2.7% |
| Amounts payable after more than one year17 | €743 | - | - | €10k | €2k | ▼ 75.4% |
| Financial debts170/4 | €743 | - | - | €10k | €2k | ▼ 75.4% |
| Credit institutions173 | - | - | - | €10k | - | - |
| Amounts payable within one year42/48 | €9.19M | €9.09M | €8.10M | €7.22M | €7.42M | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €6k | - | - | €7k | €1.07M | ▲ 16,177% |
| Financial debts43 | €4.80M | €2.10M | €1.87M | €500k | €1.37M | ▲ 175% |
| Credit institutions430/8 | €4.80M | €2.10M | €1.87M | €500k | €1.37M | ▲ 175% |
| Trade debts44 | €992k | €1.37M | €1.33M | €1.29M | €1.50M | ▲ 16.0% |
| Suppliers440/4 | €992k | €1.37M | €1.33M | €1.29M | €1.50M | ▲ 16.0% |
| Taxes, remuneration and social security45 | €83k | €155k | €153k | €162k | €264k | ▲ 63.1% |
| Taxes450/3 | €67k | €155k | €150k | €162k | €257k | ▲ 58.8% |
| Remuneration and social security454/9 | €17k | €469 | €4k | - | €7k | - |
| Other amounts payable47/48 | €3.31M | €5.46M | €4.74M | €5.26M | €3.22M | ▼ 38.8% |
| Accrued charges and deferred income492/3 | €18k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €274k | €15k | €14k | €-121k | ▼ 980% |
| + Depreciation and write-downs630 | €19k | €11k | €12k | €11k | €17k | ▲ 57.4% |
| Operating cash flow (approximation) | €149k | €285k | €27k | €25k | €-103k | ▼ 518% |
| Investment in fixed assets (approximation) | - | €-76k | €-22k | €2k | €56k | ▲ 3,508% |
| Change in cash | - | €-768k | €553k | €-623k | €-542k | ▲ 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 €-121k
Net result drops to €-121k, 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 €500kEq €512k ▲2.8%
6 profitable years in a row build equity to €512k.
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 €274k ▲110%
Operating result €835k, net result €274k, both a record.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-08
Financial
Equity above €200kEq €210k ▲164%
3 profitable years in a row build equity to €210k.
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 |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,693 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.