Equity
Equity fell by 48% in 4 years.
Equity fell by 48% in 4 years.
Of this, €55,156 falls due within a year.
The last five annual accounts were filed 93 to 155 days before the end of the period.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 41, micro). It does better than 35% of them on solvency, 80% on liquidity, 42% on profitability and 43% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,274 companies had the same profile as DESCO CONSTRUCT has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DESCO CONSTRUCT itself: 0.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for DESCO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.47 (1.41 in 2024), below the usual 1.5. Short-term debt is 44.7% and cash 38.8% of total assets. 71.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 124 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DESCO CONSTRUCT Houthulst | €123,366 | €40,902 | 28.5% | - |
| VAN MIRLO Waregem | €120,078 | €38,387 | 57.1% | - |
| NORMON ALGEMENE BOUWWERKEN Izegem | €130,713 | €43,609 | 21.3% | - |
| RODEN Geraardsbergen | €115,980 | €43,381 | 11.7% | - |
| Kerkhove Construction Binche | €125,257 | €36,768 | 42.3% | - |
| Bouwvisie+ Ghent | €117,202 | €38,913 | 38.3% | - |
| DALI CONCEPT Brussels | €131,957 | €36,656 | 50.9% | - |
These companies have the same main activity as DESCO CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €116,000 and €132,000, founded between 2017 and 2019.
DESCO CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €186,583 in 2019 to €40,902 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €160,000 and €510,000.
Higher than 35% of 9,462 companies in 2025.
Higher than 43% of 9,210 companies in 2025.
Higher than 30% of 9,282 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
123,366 | 133,029 | 124,055 | 169,701 | 156,130 | 129,277 | 120,998 | |
21/28 |
42,417 | 53,056 | 49,280 | 68,918 | 96,252 | 54,926 | 24,768 | |
22/27 |
42,417 | 53,056 | 49,280 | 68,918 | 96,252 | 54,926 | 24,768 | |
22 |
2,429 | 1,882 | - | - | - | - | - | |
23 |
22,331 | 27,911 | 47,622 | 66,384 | 86,626 | 32,667 | 2,674 | |
24 |
17,657 | 23,264 | 1,658 | 2,534 | 9,626 | 22,259 | 22,093 | |
29/58 |
80,949 | 79,973 | 74,774 | 100,783 | 59,878 | 74,351 | 96,231 | |
3 |
14,481 | 36,126 | 29,405 | 63,081 | 5,003 | - | - | |
30/36 |
- | 10,385 | 4,847 | 6,407 | 5,003 | - | - | |
37 |
14,481 | 25,741 | 24,558 | 56,674 | - | - | - | |
40/41 |
12,024 | 24,701 | 10,583 | 1,911 | 30,342 | 48,775 | 14,163 | |
40 |
15 | 14,605 | - | - | 11,361 | 35,933 | 6,989 | |
41 |
12,009 | 10,096 | 10,583 | 1,911 | 18,981 | 12,842 | 7,174 | |
54/58 |
47,873 | 13,481 | 27,396 | 25,981 | 14,046 | 15,915 | 72,098 | |
490/1 |
6,570 | 5,664 | 7,389 | 9,810 | 10,488 | 9,661 | 9,970 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
123,366 | 133,029 | 124,055 | 169,701 | 156,130 | 129,277 | 120,998 | |
10/15 |
35,125 | 33,982 | 35,138 | 46,760 | 67,731 | 63,452 | 36,689 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | |
13 |
16,525 | 15,382 | 16,538 | 28,160 | 49,131 | 51,052 | 24,289 | |
130/1 |
- | - | - | 1,240 | 1,240 | 1,240 | - | |
130 |
- | - | - | - | - | - | 1,240 | |
1311 |
- | - | - | 1,240 | 1,240 | 1,240 | - | |
133 |
16,525 | 15,382 | 16,538 | 26,920 | 47,891 | 49,812 | 23,049 | |
17/49 |
88,241 | 99,046 | 88,917 | 122,941 | 88,399 | 65,825 | 84,309 | |
17 |
33,084 | 42,435 | 44,898 | 54,406 | 66,470 | 30,739 | 17,879 | |
170/4 |
33,084 | 42,435 | 44,898 | 54,406 | 66,470 | 30,739 | 17,879 | |
42/48 |
55,156 | 56,611 | 44,018 | 68,535 | 21,928 | 35,086 | 66,430 | |
42 |
19,114 | 15,380 | 11,269 | 12,064 | 14,228 | 17,095 | 4,601 | |
44 |
33,089 | 38,263 | 31,361 | 38,750 | 4,592 | 8,553 | 40,522 | |
440/4 |
33,089 | 38,263 | 31,361 | 38,750 | 4,592 | 8,553 | 40,522 | |
45 |
2,953 | 2,968 | 1,389 | 12,698 | 2,763 | 5,686 | 15,798 | |
450/3 |
2,953 | 2,968 | 1,389 | 12,698 | 1,464 | 5,686 | 9,462 | |
454/9 |
- | - | - | - | 1,299 | - | 6,336 | |
47/48 |
- | - | - | 5,023 | 345 | 3,753 | 5,510 | |
| Income statement | ||||||||
76A |
3,747 | - | 900 | - | 6,064 | - | - | |
9900 |
40,902 | 32,325 | 37,264 | 22,091 | 122,319 | 220,685 | 186,583 | |
62 |
3,579 | 1,711 | 2,119 | 1,585 | 87,951 | 158,719 | 128,541 | |
630 |
27,970 | 24,667 | 22,406 | 24,545 | 22,533 | 16,618 | 18,940 | |
640/8 |
1,659 | 1,850 | 2,282 | 1,663 | 2,573 | 1,860 | 1,517 | |
66A |
- | - | - | 314 | 1,287 | - | - | |
9901 |
7,693 | 4,097 | 10,457 | -6,016 | 7,975 | 43,489 | 37,586 | |
75/76B |
412 | 966 | 2,447 | 1,898 | 1,778 | 4,526 | 2,902 | |
75 |
412 | 966 | 2,447 | 1,898 | 1,778 | 4,526 | 2,902 | |
65/66B |
4,507 | 3,796 | 8,963 | 2,579 | 11,492 | 15,236 | 10,726 | |
65 |
4,507 | 3,796 | 8,963 | 2,579 | 11,492 | 15,236 | 10,726 | |
9903 |
3,599 | 1,266 | 3,941 | -6,697 | -1,738 | 32,779 | 29,761 | |
67/77 |
2,456 | 2,422 | 563 | 274 | 183 | 6,015 | 5,473 | |
9904 |
1,143 | -1,156 | 3,378 | -6,971 | -1,921 | 26,763 | 24,289 | |
9905 |
1,143 | -1,156 | 3,378 | -6,971 | -1,921 | 26,763 | 24,289 | |
| Appropriation of the result | ||||||||
9906 |
1,143 | -1,156 | 3,378 | -6,971 | -1,921 | 26,763 | 24,289 | |
791/2 |
- | 1,156 | 15,000 | 20,971 | 1,921 | - | - | |
691/2 |
1,143 | - | 3,378 | - | - | 26,763 | 24,289 | |
6920 |
- | - | - | - | - | - | 1,240 | |
6921 |
1,143 | - | 3,378 | - | - | 26,763 | 23,049 | |
694/7 |
- | - | 15,000 | 14,000 | - | - | - | |
694 |
- | - | 15,000 | 14,000 | - | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | - | - | 2.1 | 3.3 | 2.3 | |
Hours worked1013 |
- | - | - | - | 2,391 | 4,328 | 3,665 | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-02-2026 | 2026-00045629 | |
| 31-12-2024 | micro format | 26-03-2025 | 2025-00055688 | |
| 31-12-2023 | micro format | 29-04-2024 | 2024-00077071 | |
| 31-12-2022 | micro format | 13-03-2023 | 2023-00039470 | |
| 31-12-2021 | micro format | 31-03-2022 | 2022-09600304 | |
| 31-12-2020 | micro format | 25-05-2021 | 2021-15000509 | |
| 31-12-2019 | micro format | 18-02-2020 | 2020-05200446 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 35,664 | 28,764 | 32,862 | 18,529 | 30,508 | 60,107 | 56,525 | ||
| 29,113 | 23,511 | 25,784 | 17,574 | 20,612 | 43,382 | 43,228 | ||
| 17,681 | 28,442 | 2,768 | 1,327 | 108,695 | 46,777 | 43,707 | ||
| 34,392 | -13,915 | 1,415 | 11,935 | -1,869 | -56,184 | - | ||
| 25,793 | 23,361 | 30,756 | 32,248 | 37,950 | 39,265 | 29,800 | ||
| 28.5% | 25.5% | 28.3% | 27.6% | 43.4% | 49.1% | 30.3% | ||
| 1.47 | 1.41 | 1.70 | 1.47 | 2.73 | 2.12 | 1.45 | ||
| 1.21 | 0.77 | 1.03 | 0.55 | 2.50 | 2.12 | 1.45 | ||
| 2.51 | 2.91 | 2.53 | 2.63 | 1.31 | 1.04 | 2.30 | ||
| 3.3% | -3.4% | 9.6% | -14.9% | -2.8% | 42.2% | 66.2% | ||
| 0.9% | -0.9% | 2.7% | -4.1% | -1.2% | 20.7% | 20.1% | ||
| 7.91 | 7.58 | 3.67 | 7.18 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2022 |
|---|---|
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Pledge on other assets, amount secured | €52,198 | €57,815 | €41,028 | - |
| Carrying value of the other pledged assets | €25,202 | €37,217 | €41,934 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €17,681 | €28,442 | €2,768 | €1,327 |
| €27,970 | €24,667 | €22,406 | €24,545 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 88% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 74.5% to 71.5%. Equity is higher and debt is lower.
DESCO CONSTRUCT has no parent and no holdings in its annual accounts. DESCO CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Langemarkstraat 11 registered office 8650 Houthulst 0162004 Support activities for animal production | 04-12-2018 | 2.282.975.469 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 32015D0578/00M000 | 778 m² | 1 · 126 m² | 7.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0715.442.603
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