DESIMPEL CONSTRUCT
ActiveSummary
DESIMPEL CONSTRUCT has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.6m) and a net result of -€90,366. Equity is shrinking by about 2.7% per year across the filed financial years. Its solvency ranks better than 5% of 17,057 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- -€1.6m
- Loss
- -€90,366
- Largest shareholder
- SD & CONSTRUCTIONS · 49.92%
- IMMOGROEP JOYEDirector · permanent representative JOYE Dimitri
- SD & CONSTRUCTIONSDirector · permanent representative DENOLF Suzanne Cécile Renée
Why 54raises riskCapped at 59: negative equityNegative equity -€1.6mLoss of €90,366, the second in a row (financial year 2025)lowers riskSize: total assets €1.3mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro): better than 5% on solvency, 80% on liquidity, 21% on profitability and 32% on growth.
The bankruptcy probability was computed on 28-10-2026 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).
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Signals
This company filed its last 7 accounts on average 49 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than 17 timescurrent ratio 52.43
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €90,973 in 2025 against €20,999 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,242 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | -€211,789 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €46,274 | €97,712 | €12,075 | €9,456 | €6,093 | ▼ 35.6% |
| Gross operating margin9900 | -€934,232 | -€285,759 | €3,651 | -€9,678 | -€274,848 | -€21,362 | -€11,544 | -€84,880 | ▼ 635% |
| Operating profit (loss)9901 | -€132,518 | -€57,418 | €131,677 | -€55,952 | -€160,771 | -€33,437 | -€20,999 | -€90,973 | ▼ 333% |
| Financial income75/76B | - | - | - | €507 | €138 | €459 | €432 | €696 | ▲ 61.3% |
| Recurring financial income75 | €8 | €2 | €7,672 | €507 | €138 | €459 | €432 | €696 | ▲ 61.3% |
| Financial charges65/66B | - | - | - | €230 | €151 | €121 | €58 | €89 | ▲ 52.3% |
| Recurring financial charges65 | €219 | €224 | €317 | €230 | €151 | €121 | €58 | €89 | ▲ 52.3% |
| Profit (loss) for the period before taxes9903 | -€132,729 | -€57,640 | €139,032 | -€55,675 | -€160,784 | -€33,099 | -€20,626 | -€90,366 | ▼ 338% |
| Income taxes67/77 | €2 | €0 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€132,731 | -€57,640 | €139,032 | -€55,675 | -€160,784 | -€33,099 | -€20,626 | -€90,366 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | -€132,731 | -€57,640 | €139,032 | -€55,675 | -€160,784 | -€33,099 | -€20,626 | -€90,366 | ▼ 338% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €2.5m | €1.7m | €1.6m | €1.5m | €1.5m | €2.1m | €1.3m | ▼ 35.9% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.04m | €0.04m | €0 | - | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.04m | €0.04m | €0 | - | - | - | - | - | - |
| Current assets29/58 | €2.8m | €2.5m | €1.7m | €1.6m | €1.5m | €1.5m | €2.1m | €1.3m | ▼ 35.9% |
| Stocks and contracts in progress3 | €1.7m | €1.4m | €1.1m | €1.5m | €1.3m | €1.3m | €2.0m | €0.7m | ▼ 65.9% |
| Stocks30/36 | - | - | - | €1.5m | €1.3m | €1.3m | €2.0m | €0.7m | ▼ 65.9% |
| Amounts receivable within one year40/41 | €0.6m | €0.5m | €0.2m | €0.07m | €0.02m | €0.02m | €0.006m | €0.04m | ▲ 533% |
| Trade receivables40 | - | - | - | €0.005m | €215 | €0 | €0.002m | €0.005m | ▲ 119% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.02m | €0.02m | €0.003m | €0.03m | ▲ 827% |
| Current investments50/53 | €0 | - | - | - | - | - | - | €0.4m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.3m | €0.07m | €0.2m | €0.1m | €0.08m | €0.2m | ▲ 168% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | €0.001m | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €2.5m | €1.7m | €1.6m | €1.5m | €1.5m | €2.1m | €1.3m | ▼ 35.9% |
| Equity10/15 | -€1.3m | -€1.4m | -€1.2m | -€1.3m | -€1.4m | -€1.5m | -€1.5m | -€1.6m | ▼ 6.0% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.4m | -€1.3m | -€1.4m | -€1.5m | -€1.5m | -€1.6m | -€1.7m | ▼ 5.8% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €4.1m | €3.9m | €2.9m | €2.9m | €2.9m | €2.9m | €3.6m | €2.9m | ▼ 18.4% |
| Amounts payable after more than one year17 | €1.4m | €1.6m | €1.6m | €1.6m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Financial debts170/4 | - | - | - | €1.6m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Amounts payable within one year42/48 | €2.8m | €2.3m | €1.3m | €1.3m | €0.03m | €0.03m | €0.7m | €0.03m | ▼ 96.3% |
| Trade debts44 | €0.001m | €115 | €192 | €0.02m | €0.02m | €0.03m | €0.005m | €0.02m | ▲ 449% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.03m | €0.005m | €0.02m | ▲ 449% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0.001m | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | - | €1.3m | €0.01m | €0.001m | €0.7m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€132,731 | -€57,640 | €139,032 | -€55,675 | -€160,784 | -€33,099 | -€20,626 | -€90,366 | ▼ 338% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€132,731 | -€57,640 | €139,032 | -€55,675 | -€160,784 | -€33,099 | -€20,626 | -€90,366 | ▼ 338% |
| Investment in fixed assets (approximation) | - | €0 | €37,400 | - | - | - | - | - | - |
| Change in cash | - | €10,489 | -€211,642 | -€259,794 | €99,883 | -€52,857 | -€34,478 | €136,868 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00117137 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00286504 |
| 31-12-2023 | micro format | 30-04-2024 | 2024-00076483 |
| 31-12-2022 | micro format | 25-04-2023 | 2023-00064971 |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20086178 |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38400277 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28600370 |
| 31-12-2018 | micro format | 26-06-2019 | 2019-22900300 |
| 31-12-2017 | micro format | 22-05-2019 | 2019-14500452 |
| 31-12-2016 | micro format | 08-12-2017 | 2017-71500156 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| IMMOGROEP JOYE |
|
| SD & CONSTRUCTIONS |
|
Owners and capital
Owners
1 ownerOwners 1
-
49.92%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 27-11-2023 Converted to unavailable equity · €68,200
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-11
Gazette deed
Resignations: SD & CONSTRUCTIONS (director) and IMMOGROEP JOYE (director)Reappointments: SD & CONSTRUCTIONS (director) and IMMOGROEP JOYE (director) · Permanent representatives: DENOLF Suzanne Cécile Renée and JOYE Dimitri · Legal-form conversion16 facts ▸
- General meeting, 09-11-2023
- Legal-form conversion, “BV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, 09-11-2023
- Amendment of the articles (2 times)
- Director resignation, SD & CONSTRUCTIONS (director (not named in the articles))
- Director resignation, IMMOGROEP JOYE (director (not named in the articles))
- Director reappointment, SD & CONSTRUCTIONS (director (not named in the articles))
- Director reappointment, IMMOGROEP JOYE (director (not named in the articles))
- Permanent representative, DENOLF Suzanne Cécile Renée
- Permanent representative, JOYE Dimitri
- Other provision, 09-11-2023
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0445.271.372
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31442C0681/00H000 | Flanders | 2,086 m² | 1 · 411 m² | 10.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DESIMPEL CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Administratieve zetels,exploitatiezetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij eenvoudig…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)“Bestuurder, uitvoering opdracht in naam en voor rekening rechtspersoon” (deed in Dutch)“Vaste vertegenwoordiger, vennootschap zelf benoemd tot bestuurder/zaakvoerder” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Sunday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Bijzondere wettelijke voorschriften en bijzondere aanwezigheids- en meerderheidsvereisten voor statutenwijziging, wil van aandeelhouders” (deed in Dutch)“Vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Meerderheid leden aanwezig of vertegenwoordigd, ontbinding en sluiting vereffening in één akte artikel 2:80 WVV” (deed in Dutch)