DESTIN
ActiveSummary
The computed 12-month bankruptcy probability of DESTIN is 2.3% (moderate). The 2025 annual accounts show equity of €65k and a net result of €7k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 33% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-19
Solvency57▼-7
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.68 in 2024; short-term debt: 62.1% and cash: 0.1% of total assets), and 68.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
31.8%
Return on assets
3.5%
Age of the figures
12 mo
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 23-03-2026, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
38 d early
2024
1 d early
2023
54 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▲ 12.4%
2024 · €58k
2023: €30klowest in 3 years
2024: €58k▲ +90.7% vs 2023
2025: €65k▲ +12.4% vs 2024highest in 3 years
2023 → 2025
Total assets
€204k▲ 38.1%
2024 · €148k
2023: €50klowest in 3 years
2024: €148k▲ +197% vs 2023
2025: €204k▲ +38.1% vs 2024highest in 3 years
2023 → 2025
Net result
€7k▼ 73.9%
2024 · €27k
2023: €28khighest in 3 years
2024: €27k▼ -2.8% vs 2023
2025: €7k▼ -73.9% vs 2024lowest in 3 years
2023 → 2025
Working capital
€57k▲ 18.9%
2024 · €48k
2023: €30klowest in 3 years
2024: €48k▲ +57.6% vs 2023
2025: €57k▲ +18.9% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€30k-€58k▲ 90.7%€65k▲ 12.4%
2023: €30klowest in 3 years
2024: €58k▲ +90.7% vs 2023
2025: €65k▲ +12.4% vs 2024highest in 3 years
Operating result€54k-€40k▼ 27.2%€12k▼ 69.4%
2023: €54khighest in 3 years
2024: €40k▼ -27.2% vs 2023
2025: €12k▼ -69.4% vs 2024lowest in 3 years
Net result€28k-€27k▼ 2.8%€7k▼ 73.9%
2023: €28khighest in 3 years
2024: €27k▼ -2.8% vs 2023
2025: €7k▼ -73.9% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€21k ▼ 30.3%
Current assets
€183k ▲ 55.3%
Equity and liabilities €204k
Equity
€65k ▲ 12.4%
Debt
€139k ▲ 54.6%
Debt's share of the balance-sheet total rises from 61.0% to 68.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €45k
Cash flow
€16k▼
2024 · €33k
Current ratio
1.45▼
2024 · 1.68
Quick ratio
1.21▼
2024 · 1.68
Debt to equity
2.15▲
2024 · 1.56
ROE
11.1%▼
2024 · 47.6%
ROA
3.5%▼
2024 · 18.6%
Interest coverage
8.35▼
2024 · 16.61
Debt ≤ 1 year
€127k▲
2024 · €70k
Debt > 1 year
€12k▼
2024 · €20k
Income taxes
€2k▼
2024 · €9k
Staff costs
€-4k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€148k€204k▲
Fixed assets21/28€30k€21k▼
Tangible fixed assets22/27€30k€21k▼
Plant, machinery and equipment23€882€504▼
Leasing and similar rights25€29k€20k▼
Current assets29/58€118k€183k▲
Stocks and contracts in progress3-€30k
Contracts in progress37-€30k
Amounts receivable within one year40/41€113k€150k▲
Trade receivables40€112k€149k▲
Other amounts receivable41€656€966▲
Cash at bank and in hand54/58€2k€239▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€148k€204k▲
Equity10/15€58k€65k▲
Contributions10/11€2k€2k=
Reserves13€56k€63k▲
Distributable reserves133€56k€63k▲
Amounts payable17/49€90k€139k▲
Amounts payable after more than one year17€20k€12k▼
Financial debts170/4€20k€12k▼
Amounts payable within one year42/48€70k€127k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€9k€2k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€44k€114k▲
Income statement
Code20242025
Remuneration, social security and pensions62€41k€-4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€767€7k▲
Gross operating margin9900€88k€24k▼
Operating profit (loss)9901€40k€12k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€37k€10k▼
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€27k€7k▼
Profit (loss) for the period to be appropriated9905€27k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€7k▼
Transfer to equity691/2€27k€7k▼
To other reserves6921€27k€7k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41k | €-4k | ▼ 110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €6k | €9k | ▲ 53.2% |
| Other operating charges640/8 | - | €767 | €7k | ▲ 831% |
| Gross operating margin9900 | €55k | €88k | €24k | ▼ 72.6% |
| Operating profit (loss)9901 | €54k | €40k | €12k | ▼ 69.4% |
| Financial income75/76B | €30 | €0 | - | - |
| Recurring financial income75 | €30 | €0 | - | - |
| Financial charges65/66B | €17k | €3k | €3k | ▼ 7.8% |
| Recurring financial charges65 | €17k | €3k | €3k | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €38k | €37k | €10k | ▼ 74.0% |
| Income taxes67/77 | €9k | €9k | €2k | ▼ 74.4% |
| Profit (loss) for the period9904 | €28k | €27k | €7k | ▼ 73.9% |
| Profit (loss) for the period to be appropriated9905 | €28k | €27k | €7k | ▼ 73.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €50k | €148k | €204k | ▲ 38.1% |
| Fixed assets21/28 | - | €30k | €21k | ▼ 30.3% |
| Tangible fixed assets22/27 | - | €30k | €21k | ▼ 30.3% |
| Plant, machinery and equipment23 | - | €882 | €504 | ▼ 42.8% |
| Leasing and similar rights25 | - | €29k | €20k | ▼ 29.9% |
| Current assets29/58 | €50k | €118k | €183k | ▲ 55.3% |
| Stocks and contracts in progress3 | - | - | €30k | - |
| Contracts in progress37 | - | - | €30k | - |
| Amounts receivable within one year40/41 | €45k | €113k | €150k | ▲ 32.7% |
| Trade receivables40 | €13k | €112k | €149k | ▲ 32.6% |
| Other amounts receivable41 | €32k | €656 | €966 | ▲ 47.3% |
| Cash at bank and in hand54/58 | €2k | €2k | €239 | ▼ 89.5% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | ▲ 10.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €50k | €148k | €204k | ▲ 38.1% |
| Equity10/15 | €30k | €58k | €65k | ▲ 12.4% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €28k | €56k | €63k | ▲ 12.9% |
| Distributable reserves133 | €28k | €56k | €63k | ▲ 12.9% |
| Amounts payable17/49 | €19k | €90k | €139k | ▲ 54.6% |
| Amounts payable after more than one year17 | - | €20k | €12k | ▼ 36.5% |
| Financial debts170/4 | - | €20k | €12k | ▼ 36.5% |
| Amounts payable within one year42/48 | €19k | €70k | €127k | ▲ 79.9% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | ▲ 8.1% |
| Trade debts44 | - | €6k | €3k | ▼ 56.3% |
| Suppliers440/4 | - | €6k | €3k | ▼ 56.3% |
| Taxes, remuneration and social security45 | €9k | €14k | €2k | ▼ 82.5% |
| Taxes450/3 | €9k | €9k | €2k | ▼ 74.4% |
| Remuneration and social security454/9 | - | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | €10k | €44k | €114k | ▲ 161% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €27k | €7k | ▼ 73.9% |
| + Depreciation and write-downs630 | €1k | €6k | €9k | ▲ 53.2% |
| Operating cash flow (approximation) | €29k | €33k | €16k | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €621 | €-2k | ▼ 427% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €7k ▼73.9%
Net result drops to €7k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kruisem · 1 establishment unit since 2022
Ground area
6,297 m²
Building footprint
1,021 m²
Volume, LiDAR
7,566 m³
2 parcels, Flanders · tallest building 22.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Min1
since 20222.333.182.570
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015C1101/00D000 | Flanders | 4,346 m² | 1 · 738 m² | 9.2 m · 2 fl. |
| 44064B0236/00N000 | Flanders | 1,951 m² | 1 · 284 m² | 22.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 296 EUR | 296 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 368 companies in sector 43421 we hold annual accounts for 205. 174 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2022
Fiscal year end30-09
Activities, NACEBEL 2025
43421Specialised construction activities
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.