DERVEAUX PROJECTS
ActiveSummary
DERVEAUX PROJECTS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,616) and a net result of -€9,200. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
How big
€46,252total assets 2025
- Equity
- -€60,616
- Loss
- -€9,200
Turnover not published (abridged schema)
Who decides
Accounts 143 d early0 of 1 deed read
Why 29- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.99 in 2024; short-term debt: 93.1% and cash: 1.2% of total assets), and equity is negative.
Credit check for your own amount and term
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+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-131.1%
Return on assets
-19.9%
Age of the figures
12 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€60,616
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-12-2025, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
51 d early
2023
42 d early
2022
55 d early
2021
54 d early
2020
37 d early
2019
10 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 56 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 7 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€25,217
Financials
Fiscal year 2025Total assets €46,252Loss -€9,200Solvency -131.1%Liquidity 0.77
Total assets
€46,252▼ 40.0%
2019 - 2025
Net result
-€9,200▲ 63.5%
2019 - 2025
Equity
-€60,616▼ 17.9%
2019 - 2025
Solvency
-131.1%▼ 64.4pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,774▼ 48.9%€1,988▼ 70.6%-€17,599-€19,599▼ 11.4%-€5,764▲ 70.6%
Net result€2,843within the sector's middle half▼ 83.3%-€2,092within the sector's middle half-€23,801below the sector's middle half▼ 1,038%-€25,217below the sector's middle half▼ 5.9%-€9,200below the sector's middle half▲ 63.5%
Equity-€307below the sector's middle half▲ 90.3%-€2,398below the sector's middle half▼ 681%-€26,199below the sector's middle half▼ 992%-€51,417below the sector's middle half▼ 96.3%-€60,616below the sector's middle half▼ 17.9%
Total assets€161,847within the sector's middle half▼ 16.1%€173,938within the sector's middle half▲ 7.5%€91,807below the sector's middle half▼ 47.2%€77,098below the sector's middle half▼ 16.0%€46,252below the sector's middle half▼ 40.0%
Debt€162,154▼ 17.3%€176,336▲ 8.7%€118,006▼ 33.1%€128,515▲ 8.9%€106,869▼ 16.8%
Working capital€66,949within the sector's middle half▲ 4.8%€61,763within the sector's middle half▼ 7.7%€17,322within the sector's middle half▼ 72.0%-€894within the sector's middle half-€9,714within the sector's middle half▼ 986%
Solvency-0.2%below the sector's middle half▲ 1.4pp-1.4%below the sector's middle half▼ 1.2pp-28.5%below the sector's middle half▼ 27.2pp-66.7%below the sector's middle half▼ 38.2pp-131.1%below the sector's middle half▼ 64.4pp
Current ratio1.93within the sector's middle half▲ 0.401.74within the sector's middle half▼ 0.191.31within the sector's middle half▼ 0.440.99within the sector's middle half▼ 0.320.77within the sector's middle half▼ 0.21
Return on assets (ROA)1.8%within the sector's middle half▼ 7.1pp-1.2%within the sector's middle half▼ 3.0pp-25.9%below the sector's middle half▼ 24.7pp-32.7%below the sector's middle half▼ 6.8pp-19.9%below the sector's middle half▲ 12.8pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,764 in 2025 against €19,599 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,252
Fixed assets
€12,898 ▼ 12.2%
Current assets
€33,354 ▼ 46.6%
Equity and liabilities
Equity-€60,616
Debt€106,869
Equity is negative: debt (€106,869) exceeds the balance-sheet total (€46,252).
Key figures and ratios
Key figures and ratios
EBITDA
-€3,974▲
2024 · -€17,447
Cash flow
-€7,410▲
2024 · -€23,064
Quick ratio
0.38▲
2024 · 0.00
Interest coverage
-1.16▲
2024 · -3.11
Debt ≤ 1 year
€43,069▼
2024 · €63,305
Debt > 1 year
€63,800▼
2024 · €65,210
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 6,621 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,087 | €4,474 | €2,586 | €2,153 | €1,789 | ▼ 16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,000 | - | - |
| Other operating charges640/8 | - | €4,139 | €4,604 | €1,945 | €613 | ▼ 68.5% |
| Non-recurring operating charges66A | - | - | - | €9,759 | - | - |
| Gross operating margin9900 | €12,657 | €10,602 | -€10,410 | -€742 | -€3,361 | ▼ 353% |
| Operating profit (loss)9901 | €6,774 | €1,988 | -€17,599 | -€19,599 | -€5,764 | ▲ 70.6% |
| Financial income75/76B | - | €20 | €155 | - | - | - |
| Recurring financial income75 | - | €20 | €155 | - | - | - |
| Financial charges65/66B | - | €4,100 | €6,357 | €5,618 | €3,436 | ▼ 38.8% |
| Recurring financial charges65 | €3,787 | €4,100 | €6,357 | €5,618 | €3,436 | ▼ 38.8% |
| Profit (loss) for the period before taxes9903 | €2,987 | -€2,092 | -€23,801 | -€25,217 | -€9,200 | ▲ 63.5% |
| Income taxes67/77 | €145 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,843 | -€2,092 | -€23,801 | -€25,217 | -€9,200 | ▲ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €2,843 | -€2,092 | -€23,801 | -€25,217 | -€9,200 | ▲ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,847 | €173,938 | €91,807 | €77,098 | €46,252 | ▼ 40.0% |
| Fixed assets21/28 | €23,192 | €29,218 | €18,101 | €14,687 | €12,898 | ▼ 12.2% |
| Tangible fixed assets22/27 | €23,177 | €29,203 | €18,086 | €14,672 | €12,883 | ▼ 12.2% |
| Land and buildings22 | - | €8,472 | €8,017 | €7,562 | €7,107 | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €6,214 | €6,234 | €4,819 | €3,767 | ▼ 21.8% |
| Furniture and vehicles24 | - | €14,517 | €1,260 | - | - | - |
| Other tangible fixed assets26 | - | - | €2,574 | €2,291 | €2,009 | ▼ 12.3% |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €138,655 | €144,720 | €73,706 | €62,411 | €33,354 | ▼ 46.6% |
| Stocks and contracts in progress3 | €76,300 | €87,911 | €73,268 | €62,318 | €17,118 | ▼ 72.5% |
| Stocks30/36 | - | €87,911 | €73,268 | €62,318 | €17,118 | ▼ 72.5% |
| Amounts receivable within one year40/41 | €61,329 | €52,419 | - | - | €15,677 | - |
| Trade receivables40 | - | €22,748 | - | - | €12,861 | - |
| Other amounts receivable41 | - | €29,671 | - | - | €2,816 | - |
| Cash at bank and in hand54/58 | €331 | €3,303 | €1 | €93 | €560 | ▲ 500% |
| Deferred charges and accrued income490/1 | - | €1,086 | €437 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,847 | €173,938 | €91,807 | €77,098 | €46,252 | ▼ 40.0% |
| Equity10/15 | -€307 | -€2,398 | -€26,199 | -€51,417 | -€60,616 | ▼ 17.9% |
| Contributions10/11 | - | €10,164 | €10,164 | €10,164 | €10,164 | = |
| Capital10 | - | - | - | - | €10,164 | - |
| Issued capital100 | - | - | - | - | €20,000 | - |
| Uncalled capital101 | - | - | - | - | €9,836 | - |
| Outside capital11 | - | €10,164 | €10,164 | €10,164 | - | - |
| Other1109/19 | - | €10,164 | €10,164 | €10,164 | - | - |
| Profit (loss) carried forward14 | -€10,471 | -€12,562 | -€36,363 | -€61,580 | -€70,780 | ▼ 14.9% |
| Amounts payable17/49 | €162,154 | €176,336 | €118,006 | €128,515 | €106,869 | ▼ 16.8% |
| Amounts payable after more than one year17 | €90,448 | €93,379 | €61,623 | €65,210 | €63,800 | ▼ 2.2% |
| Financial debts170/4 | - | €18,379 | €7,823 | €1,410 | - | - |
| Other amounts payable178/9 | - | €75,000 | €53,800 | €63,800 | €63,800 | = |
| Amounts payable within one year42/48 | €71,706 | €82,957 | €56,384 | €63,305 | €43,069 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | - | €9,841 | €10,556 | €6,413 | €1,410 | ▼ 78.0% |
| Financial debts43 | - | €49,750 | €37,944 | €49,900 | €27,500 | ▼ 44.9% |
| Credit institutions430/8 | - | €49,750 | €37,944 | €49,900 | €27,500 | ▼ 44.9% |
| Trade debts44 | €15,433 | €998 | €2,983 | €3,070 | €668 | ▼ 78.2% |
| Suppliers440/4 | - | €998 | €2,983 | €3,070 | €668 | ▼ 78.2% |
| Taxes, remuneration and social security45 | - | €7,743 | €4,463 | €2,071 | - | - |
| Taxes450/3 | - | €7,743 | €4,463 | €2,071 | - | - |
| Other amounts payable47/48 | - | €14,626 | €438 | €1,851 | €13,491 | ▲ 629% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,843 | -€2,092 | -€23,801 | -€25,217 | -€9,200 | ▲ 63.5% |
| + Depreciation and write-downs630 | €4,087 | €4,474 | €2,586 | €2,153 | €1,789 | ▼ 16.9% |
| Operating cash flow (approximation) | €6,930 | €2,383 | -€21,216 | -€23,064 | -€7,410 | ▲ 67.9% |
| Investment in fixed assets (approximation) | - | -€10,500 | €8,532 | €1,260 | €0 | ▼ 100% |
| Change in cash | - | €2,972 | -€3,302 | €92 | €466 | ▲ 406% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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FLEURIMMO
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J-IMMO
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in this sector we hold annual accounts for 5,390. See the whole sector
Timeline
12 eventsLatest 08-12-2025Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€25,217
Net result drops to -€25,217, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2019net €17,045 ▲579%
Operating result €13,257, net result €17,045, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company (pre-2019) · founded 04-12-2001Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-12-2001
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476200021
Also
9925:BE0476200021
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Zonnebeke · 1 establishment unit since 2002
Ground area
761 m²
Building footprint
247 m²
Volume, LiDAR
532 m³
Parcel 33019D1197/00A000, Flanders · tallest building 8.6 m. Linked by address, not a title deed.
1 establishment unit
DERVEAUX PROJECTS
since 2002unit no. 2.095.582.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019D1197/00A000 | Flanders | 761 m² | 1 · 247 m² | 8.6 m |
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.
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