DERO CONSTRUCT
ActiveDERO CONSTRUCT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.02M and a net result of €-91k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 46% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-10
Solvency55▼-2
Growth50▼-3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.71 in 2024; short-term debt: 44.6% and cash: 2.2% of total assets), but 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
29.6%
Return on assets
-0.5%
Age of the figures
9 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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
31 d early
2023
33 d early
2022
41 d early
2021
67 d early
2020
39 d early
2019
30 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€30.56M▼ 14.7%
2024 · €35.82M
2018: €24.50M
2019: €23.60M
2020: €24.55M
2021: €27.89M
2022: €32.47M
2023: €34.91M
2024: €35.82M
2018 → 2025
EBIT margin
0.4%▼ 0.5pp
2024 · 0.9%
2018: 2.0%
2019: 2.3%
2020: 0.5%
2021: 0.8%
2022: 1.0%
2023: 1.1%
2024: 0.9%
2018 → 2025
Net result
€-91k
2024 · €141k
2018: €309k
2019: €311k
2020: €45k
2021: €99k
2022: €190k
2023: €205k
2024: €141k
2018 → 2025
Working capital
€5.51M▲ 16.1%
2024 · €4.75M
2018: €3.27M
2019: €3.35M
2020: €3.57M
2021: €4.07M
2022: €3.78M
2023: €3.69M
2024: €4.75M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€27.89M-€32.47M▲ 16.4%€34.91M▲ 7.5%€35.82M▲ 2.6%€30.56M▼ 14.7%
Equity€4.57M-€4.76M▲ 4.2%€4.97M▲ 4.3%€5.11M▲ 2.8%€5.02M▼ 1.8%
Operating result€216k-€340k▲ 57.5%€380k▲ 11.8%€319k▼ 16.2%€114k▼ 64.1%
Net result€99k-€190k▲ 92.5%€205k▲ 7.6%€141k▼ 31.2%€-91k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.95M
Fixed assets
€3.88M▼ 11.3%
Current assets
€13.07M▲ 13.9%
Equity and liabilities €16.95M
Equity
€5.02M▼ 1.8%
Provisions
€125k▼ 46.2%
Debt
€11.81M▲ 12.3%
The debt ratio rises from 66.3% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€841k▼
2024 · €1.05M
Cash flow
€636k▼
2024 · €872k
Solvency
29.6%▼
2024 · 32.2%
Current ratio
1.73▲
2024 · 1.71
Quick ratio
0.91▼
2024 · 0.98
Debt / equity
2.35▲
2024 · 2.06
ROE
-1.8%▼
2024 · 2.8%
ROA
-0.5%▼
2024 · 0.9%
Interest coverage
4.50▼
2024 · 6.62
Debt
€11.81M▲
2024 · €10.51M
Debt ≤ 1 year
€7.56M▲
2024 · €6.73M
Debt > 1 year
€4.16M▲
2024 · €3.74M
Income taxes
€10k▼
2024 · €73k
Staff costs
€6.14M▲
2024 · €5.74M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€15.85M€16.95M▲
Fixed assets21/28€4.37M€3.88M▼
Tangible fixed assets22/27€2.58M€2.28M▼
Land and buildings22€709k€650k▼
Plant, machinery and equipment23€498k€300k▼
Furniture and vehicles24€122k€79k▼
Leasing and similar rights25€1.25M€1.25M▼
Financial fixed assets28€1.80M€1.61M▼
Affiliated companies280/1€1.50M€1.31M▼
Amounts receivable281€1.50M€1.31M▼
Other financial fixed assets284/8€298k€298k=
Shares284€27k€27k=
Amounts receivable and cash guarantees285/8€271k€271k=
Current assets29/58€11.48M€13.07M▲
Stocks and contracts in progress3€4.90M€6.18M▲
Stocks30/36€1.37M€1.39M▲
Raw materials and consumables30/31€417k€578k▲
Property held for sale35€949k€817k▼
Contracts in progress37€3.54M€4.78M▲
Amounts receivable within one year40/41€6.28M€6.41M▲
Trade receivables40€5.09M€5.12M▲
Other amounts receivable41€1.19M€1.29M▲
Cash at bank and in hand54/58€292k€381k▲
Deferred charges and accrued income490/1€2k€101k▲
Equity and liabilities
Total equity and liabilities10/49€15.85M€16.95M▲
Equity10/15€5.11M€5.02M▼
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Reserves13€4.67M€4.58M▼
Non-distributable reserves130/1€1.62M€1.62M=
Legal reserve130€40k€40k=
Other1319€1.58M€1.58M=
Distributable reserves133€3.05M€2.96M▼
Profit (loss) carried forward14€45k€44k▼
Provisions and deferred taxes16€232k€125k▼
Provisions for liabilities and charges160/5€232k€125k▼
Other liabilities and charges164/5€232k€125k▼
Amounts payable17/49€10.51M€11.81M▲
Amounts payable after more than one year17€3.74M€4.16M▲
Financial debts170/4€3.74M€4.16M▲
Leasing and similar obligations172€945k€911k▼
Credit institutions173€2.80M€3.25M▲
Amounts payable within one year42/48€6.73M€7.56M▲
Current portion of amounts payable after more than one year42€593k€569k▼
Financial debts43€199k€216k▲
Credit institutions430/8€199k€216k▲
Trade debts44€5.12M€5.62M▲
Suppliers440/4€5.12M€5.62M▲
Advances received on contracts in progress46€292k€504k▲
Taxes, remuneration and social security45€521k€647k▲
Taxes450/3€100k€111k▲
Remuneration and social security454/9€421k€536k▲
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€43k€92k▲
Income statement
Code20242025
Operating income70/76A€36.62M€31.97M▼
Turnover70€35.82M€30.56M▼
Change in stocks of work in progress, finished goods and contracts in progress71€635k€1.24M▲
Other operating income74€91k€101k▲
Non-recurring operating income76A€74k€64k▼
Operating charges60/66A€36.30M€31.86M▼
Goods for resale, raw materials and consumables60€26.47M€21.18M▼
Purchases600/8€26.40M€21.21M▼
Change in stocks: decrease (increase)609€73k€-29k▼
Services and other goods61€3.30M€3.86M▲
Remuneration, social security and pensions62€5.74M€6.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€730k€727k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-56k€1k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k€-107k▼
Other operating charges640/8€115k€60k▼
Non-recurring operating charges66A€9k€531▼
Operating profit (loss)9901€319k€114k▼
Financial income75/76B€86k€62k▼
Recurring financial income75€86k€62k▼
Income from financial fixed assets750€28k€29k▲
Income from current assets751€12k€19k▲
Other financial income752/9€46k€15k▼
Financial charges65/66B€190k€258k▲
Recurring financial charges65€190k€258k▲
Debt charges650€159k€187k▲
Other financial charges652/9€31k€71k▲
Profit (loss) for the period before taxes9903€215k€-81k▼
Income taxes67/77€73k€10k▼
Taxes670/3€73k€10k▼
Profit (loss) for the period9904€141k€-91k▼
Profit (loss) for the period to be appropriated9905€141k€-91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€210k€-46k▼
Profit (loss) brought forward from the previous period14P€69k€45k▼
Transfer from equity791/2-€90k
From reserves792-€90k
Transfer to equity691/2€165k-
To other reserves6921€165k-
Social balance
Average headcount (FTE)908786.788.2▲
The notes to these accounts (88 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-91k ▼165%
Net result drops to €-91k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5MEq €5.11M ▲2.8%
7 profitable years in a row build equity to €5.11M.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €311k ▲0.5%
Operating result €553k, net result €311k, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
14-02
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Zele · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lokerenbaan 399240 ZeleGround area
1,519 m²
Building footprint
388 m²
Volume, LiDAR
3,149 m³
Parcel 42403E0261/00E003, Flanders · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DERO CONSTRUCT NV
since 19902.048.280.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403E0261/00E003 | Flanders | 1,518 m² | 1 · 388 m² | 17.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
3 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Ownership & control
1 partyDERO CONSTRUCTBE 0439.608.651
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 3 locations
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 17,462 EUR awarded · 16,608 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,484 EUR | 3,174 EUR |
| 2024 | 2 | 3,342 EUR | 3,921 EUR |
| 2023 | 3 | 7,417 EUR | 7,272 EUR |
| 2022 | 2 | 4,219 EUR | 2,241 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
14 categoriesDERO CONSTRUCT NV22192
Dual-learning approval
6 endedLegal Entity Identifier
549300KGVIW1YED8OZ34
Similar companies · same sector, comparable size
JEHOUL BOUWONDERNEMING
BE 0429.141.757
Bree · Eq €5.02M
BOUWBEDRIJF FURNIBO
BE 0447.692.117
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NAMUR OFFICE PARC
BE 0864.505.372
La Bruyère · Eq €5.09M
ISODAL
BE 0458.374.488
Wichelen · Eq €5.09M
I.B.I.S.
BE 0460.508.191
Sint-Martens-Latem · Eq €5.10M
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 1,929 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
45211
45213
25110Manufacture of metal structures and parts of structures
28110
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
45250
91030Libraries, archives, museums and other cultural activities
91220Libraries, archives, museums and other cultural activities
92520
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.