DHERTOGE PROJECTS
ActiveSummary
DHERTOGE PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,328 and a net result of €16,231. Its solvency ranks better than 76% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-05-2023 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 5 others
- Establishment unit
- 2.345.283.717 9800 Deinze, since 11-05-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 23-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €27,744
- ▼ 57.8%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €16,231
- ▼ 73.4%
- Equity
- €80,328
- ▲ 25.3%
- Total assets
- €118,544
- ▲ 3.7%
- 2025 accounts filed 3 days after the deadline
Score breakdownraises riskFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €118,544lowers riskLiquidity: current ratio 1.30, cash €41,010Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 77% of them on solvency, 82% on liquidity, 70% on profitability and 68% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 7 days after 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.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00030405.
Annual accounts 2025 filed on 03-02-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 63% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €19,273 | €24,567 |
| Financial fixed assets | €33,400 | - |
| Depreciation and write-downs of the year | €3,226 | €4,980 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,226 | €4,980 | ▲ 54.4% |
| Other operating charges640/8 | €997 | €159 | ▼ 84.0% |
| Gross operating margin9900 | €65,813 | €27,744 | ▼ 57.8% |
| Operating profit (loss)9901 | €61,589 | €22,605 | ▼ 63.3% |
| Financial income75/76B | €20,000 | - | - |
| Recurring financial income75 | €20,000 | - | - |
| Financial charges65/66B | €2,408 | €143 | ▼ 94.1% |
| Recurring financial charges65 | €2,408 | €143 | ▼ 94.1% |
| Profit (loss) for the period before taxes9903 | €79,181 | €22,462 | ▼ 71.6% |
| Income taxes67/77 | €18,084 | €6,231 | ▼ 65.5% |
| Profit (loss) for the period9904 | €61,097 | €16,231 | ▼ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €61,097 | €16,231 | ▼ 73.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €114,260 | €118,544 | ▲ 3.7% |
| Fixed assets21/28 | €49,447 | €69,035 | ▲ 39.6% |
| Tangible fixed assets22/27 | €16,047 | €35,635 | ▲ 122% |
| Land and buildings22 | - | €17,797 | - |
| Plant, machinery and equipment23 | €499 | €5,042 | ▲ 911% |
| Furniture and vehicles24 | €15,549 | €12,795 | ▼ 17.7% |
| Financial fixed assets28 | €33,400 | €33,400 | = |
| Current assets29/58 | €64,813 | €49,510 | ▼ 23.6% |
| Amounts receivable within one year40/41 | €10,285 | €8,500 | ▼ 17.4% |
| Trade receivables40 | €10,285 | €8,500 | ▼ 17.4% |
| Cash at bank and in hand54/58 | €54,528 | €41,010 | ▼ 24.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €114,260 | €118,544 | ▲ 3.7% |
| Equity10/15 | €64,097 | €80,328 | ▲ 25.3% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Contributions outside capital11 | €3,000 | - | - |
| Other1109/19 | €3,000 | - | - |
| Reserves13 | €61,097 | €77,328 | ▲ 26.6% |
| Distributable reserves133 | €61,097 | €77,328 | ▲ 26.6% |
| Amounts payable17/49 | €50,163 | €38,216 | ▼ 23.8% |
| Amounts payable within one year42/48 | €50,163 | €38,216 | ▼ 23.8% |
| Trade debts44 | €742 | €1,890 | ▲ 155% |
| Suppliers440/4 | €742 | €1,890 | ▲ 155% |
| Taxes, remuneration and social security45 | €27,061 | €11,699 | ▼ 56.8% |
| Remuneration and social security454/9 | €27,061 | €11,699 | ▼ 56.8% |
| Other amounts payable47/48 | €22,360 | €24,627 | ▲ 10.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €61,097 | €16,231 | ▼ 73.4% |
| + Depreciation and write-downs630 | €3,226 | €4,980 | ▲ 54.4% |
| Operating cash flow (approximation) | €64,323 | €21,211 | ▼ 67.0% |
| Investment in fixed assets (approximation) | - | -€24,567 | - |
| Change in cash | - | -€13,518 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as DHERTOGE PROJECTS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DHERTOGE PROJECTS itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for DHERTOGE PROJECTS. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- DHERTOGE Gauthier 100 shares (100%) · €3,000
Capital transactions
- 15-05-2023 Incorporation · €3,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal duur bevoegdheid”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 15-05-2023 (in Dutch)
Network & group
DHERTOGE PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DHERTOGE PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-05
Gazette deed
IncorporationStarting capital €3,000 · Appointment: DHERTOGE Gauthier (director) · Founder9 points ▸
- Incorporation, “DHERTOGE PROJECTS” (deed in Dutch)
- Founder, DHERTOGE Gauthier
- Founding capital, €3,000
- Capital
- General meeting, “tijdelijke bepalingen-benoemingen-slot, overeenkomstig wet” (deed in Dutch)
- Registered office clause, “9800 Deinze, Krekelstraat 133” (deed in Dutch)
- Board rule, 1
- Director appointment, DHERTOGE Gauthier (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 11 May 2023, DHERTOGE PROJECTS was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 DHERTOGE Gauthier is director of the company, appointed in the act of 15-05-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0801.680.452
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44004B0263/00S002 | Flanders | 2,794 m² | 1 · 163 m² | 7.6 m · 1 |