Skip to content

Denys

Active
Public limited companyfounded 1976active for 49 yearsIndustrieweg 124, 9032 Gent, Belgium40 active companies are registered at this addressKBO/BCE: BE 0416.585.801
Summary

Denys has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103.8m and a net result of €38.2m. Equity is growing by about 5% per year across the filed financial years. Its solvency ranks better than 20% of 2,396 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Other specialised construction activities
NACE 43990Civil engineering NACE 42211
Largest company by total assets in Belgium, Specialised construction sector2 sites
Size
€506.3mturnover 2025
Staff
969.3 FTE
Equity
€103.8m
Profit
€38.2m
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
DENYS GLOBAL · 99.99%
Holdings
1
Auditor: BST Bedrijfsrevisoren BVAccounts 37 days early5 of 28 deeds read
Why 85raises riskSector: Specialised construction activities (NACE 43)Equity €103.8m (19.6% of total assets)Liquidity: current ratio 1.20, cash €37.4mlowers riskSize: turnover €506.3m, 969.3 FTE, total assets €528.9mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 43, large)
Financial strength · tick = 2024
Average
Solvency 45+3
equity 19.6% of total assets
Liquidity 17+4
short-term debt 76.9% · cash 7.1%
Profitability 72+15
return on assets 7.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (36 companies, NACE 43, large)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025lowest value 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.8%● unchanged vs 08-2025highest value 10-2025: 0.8%● unchanged vs 09-2025highest value 11-2025: 0.8%● unchanged vs 10-2025highest value 12-2025: 0.8%● unchanged vs 11-2025highest value 01-2026: 0.8%● unchanged vs 12-2025highest value 02-2026: 0.7%▼ -0.1 percentage points vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.3%▼ -0.4 percentage points vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €8,800,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.2, compared with 1.15 in 2024, below the usual 1.5; short-term debt: 76.9% and cash: 7.1% of total assets), and 80.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, large): better than 25% on solvency, 19% on liquidity, 84% on profitability and 98% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Equity €103.8m (19.6% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €506.3m, 969.3 FTE, total assets €528.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.20, cash €37.4m
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2396 sector peers (2025).
NBB · sector comparison
Position among 2396 sector peers
Solvency
better than 20%
← 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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
16 days early
2023
28 days early
2022
28 days early
2021
32 days early
2020
12 days late
2019
7 days 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 17 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Johan Van Wassenhove (day-to-day manager)Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations & appointmentsPower of attorney

Key points

  • Positive: Result rose in 2025from €4.4m to €38.2m ▲ 772% View
  • Positive: Largest company by total assets in Belgium, Specialised construction sectorin the Checked rankings No. 1 View
  • Controlled by DENYS GLOBALultimately: Denys Group 99.99% View
  • Flemish supportawarded from 2022 to 2025 €1.2m View
  • Positive: 6 profitable years in a rowprofit 2025: €38.2m 6 years View
  • A director leftlatest change 06-10-2026 · 0 in office 1 left View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Active since 1976founded 24-11-1976 49 years View

By topic

Financials

Financial year
2025
Turnover
€506.3m
Profit
€38.2m
Solvency
19.6%
Turnover▲ 38.4%
Net result
20182025
Go to Financials

Timeline

Events
57
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 31-12-2025Equity above €100m
  3. 11-12-2025Appointment: BST Bedrijfsrevisoren BV (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
24-11-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.