Dhondt Construct
ActiveSummary
Dhondt Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €222,112 and a net result of €18,229. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-3
Solvency64▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 2.05 in 2023; short-term debt: 31.7% and cash: 5.6% of total assets), but 60.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
60 d late
2021
22 d late
2020
51 d late
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€222,112▲ 8.9%
2023 · €203,883
Total assets
€563,928▲ 0.5%
2023 · €561,019
Net result
€18,229▼ 43.2%
2023 · €32,105
Working capital
€96,285▼ 27.1%
2023 · €132,152
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,338▲ 700%€6,155▼ 74.7%€45,328▲ 636%€56,858▲ 25.4%€31,452▼ 44.7%
Net result€17,688▲ 4,085%€2,469▼ 86.0%€33,451▲ 1,255%€32,105▼ 4.0%€18,229▼ 43.2%
Equity€135,859▲ 15.0%€138,327▲ 1.8%€171,778▲ 24.2%€203,883▲ 18.7%€222,112▲ 8.9%
Total assets€367,756▼ 1.3%€424,590▲ 15.5%€509,177▲ 19.9%€561,019▲ 10.2%€563,928▲ 0.5%
Debt€231,897▼ 8.8%€286,262▲ 23.4%€337,399▲ 17.9%€357,136▲ 5.8%€341,816▼ 4.3%
Working capital€77,691▲ 22.0%€82,292▲ 5.9%€92,071▲ 11.9%€132,152▲ 43.5%€96,285▼ 27.1%
Staff (FTE)1.31.2▼ 7.7%1▼ 16.7%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €563,928
Fixed assets
€288,776 ▼ 4.7%
Current assets
€275,152 ▲ 6.7%
Equity and liabilities €563,928
Equity
€222,112 ▲ 8.9%
Debt
€341,816 ▼ 4.3%
Debt's share of the balance-sheet total falls from 63.7% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,277▼
2023 · €73,456
Cash flow
€50,054▲
2023 · €48,702
Current ratio
1.54▼
2023 · 2.05
Quick ratio
1.32▼
2023 · 1.62
Debt to equity
1.54▼
2023 · 1.75
ROE
8.2%▼
2023 · 15.7%
ROA
3.2%▼
2023 · 5.7%
Interest coverage
19.65▲
2023 · 18.29
Debt ≤ 1 year
€178,867▲
2023 · €125,705
Debt > 1 year
€162,950▼
2023 · €192,300
Income taxes
€11,793▼
2023 · €22,650
Staff costs
€54,143▼
2023 · €59,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €51,889 | €46,230 | €59,380 | €54,143 | ▼ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,317 | €30,411 | €16,383 | €16,598 | €31,825 | ▲ 91.7% |
| Other operating charges640/8 | - | €1,790 | €2,133 | €1,652 | €1,809 | ▲ 9.5% |
| Gross operating margin9900 | €107,211 | €90,245 | €110,073 | €134,488 | €119,229 | ▼ 11.3% |
| Operating profit (loss)9901 | €24,338 | €6,155 | €45,328 | €56,858 | €31,452 | ▼ 44.7% |
| Financial income75/76B | - | - | - | €1,913 | €1,790 | ▼ 6.4% |
| Recurring financial income75 | - | - | - | €1,913 | €1,790 | ▼ 6.4% |
| Financial charges65/66B | - | €2,675 | €4,058 | €4,017 | €3,219 | ▼ 19.9% |
| Recurring financial charges65 | €4,900 | €2,675 | €4,058 | €4,017 | €3,219 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €19,438 | €3,481 | €41,270 | €54,754 | €30,022 | ▼ 45.2% |
| Income taxes67/77 | €1,750 | €1,012 | €7,819 | €22,650 | €11,793 | ▼ 47.9% |
| Profit (loss) for the period9904 | €17,688 | €2,469 | €33,451 | €32,105 | €18,229 | ▼ 43.2% |
| Profit (loss) for the period to be appropriated9905 | €17,688 | €2,469 | €33,451 | €32,105 | €18,229 | ▼ 43.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,756 | €424,590 | €509,177 | €561,019 | €563,928 | ▲ 0.5% |
| Fixed assets21/28 | €229,446 | €213,448 | €301,357 | €303,162 | €288,776 | ▼ 4.7% |
| Tangible fixed assets22/27 | €229,406 | €213,408 | €301,317 | €303,122 | €288,736 | ▼ 4.7% |
| Land and buildings22 | - | €210,479 | €205,206 | €213,060 | €208,036 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | - | €39,466 | €39,064 | €42,782 | ▲ 9.5% |
| Furniture and vehicles24 | - | €2,929 | €56,644 | €50,997 | €37,918 | ▼ 25.6% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €138,310 | €211,142 | €207,820 | €257,857 | €275,152 | ▲ 6.7% |
| Stocks and contracts in progress3 | €37,455 | €58,042 | €53,791 | €53,791 | €38,901 | ▼ 27.7% |
| Stocks30/36 | - | €58,042 | €53,791 | €53,791 | €38,901 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €92,373 | €151,530 | €145,711 | €186,409 | €204,757 | ▲ 9.8% |
| Trade receivables40 | - | €127,450 | €127,239 | €176,983 | €204,757 | ▲ 15.7% |
| Other amounts receivable41 | - | €24,079 | €18,472 | €9,426 | - | - |
| Cash at bank and in hand54/58 | €8,483 | €1,570 | €8,318 | €17,657 | €31,495 | ▲ 78.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,756 | €424,590 | €509,177 | €561,019 | €563,928 | ▲ 0.5% |
| Equity10/15 | €135,859 | €138,327 | €171,778 | €203,883 | €222,112 | ▲ 8.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | - | - | - | - |
| Issued capital100 | - | €20,000 | - | - | - | - |
| Outside capital11 | - | - | €20,000 | €20,000 | - | - |
| Other1109/19 | - | - | €20,000 | €20,000 | - | - |
| Reserves13 | €113,955 | €113,955 | €147,405 | €179,510 | €197,739 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €111,955 | €145,405 | €177,510 | €195,739 | ▲ 10.3% |
| Profit (loss) carried forward14 | €1,904 | €4,373 | €4,373 | €4,373 | €4,373 | = |
| Amounts payable17/49 | €231,897 | €286,262 | €337,399 | €357,136 | €341,816 | ▼ 4.3% |
| Amounts payable after more than one year17 | €171,279 | €157,413 | €221,650 | €192,300 | €162,950 | ▼ 15.3% |
| Financial debts170/4 | - | €157,413 | €221,650 | €192,300 | €162,950 | ▼ 15.3% |
| Amounts payable within one year42/48 | €60,618 | €128,850 | €115,749 | €125,705 | €178,867 | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | - | €25,090 | €29,350 | €29,350 | €29,350 | = |
| Trade debts44 | €29,518 | €91,820 | €78,579 | €65,885 | €69,795 | ▲ 5.9% |
| Suppliers440/4 | - | €91,820 | €78,579 | €65,885 | €69,795 | ▲ 5.9% |
| Taxes, remuneration and social security45 | - | - | €7,819 | €30,469 | €42,801 | ▲ 40.5% |
| Taxes450/3 | - | - | €7,819 | €30,469 | €42,801 | ▲ 40.5% |
| Other amounts payable47/48 | - | €11,940 | - | - | €36,921 | - |
| Accrued charges and deferred income492/3 | - | - | - | €39,132 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,688 | €2,469 | €33,451 | €32,105 | €18,229 | ▼ 43.2% |
| + Depreciation and write-downs630 | €30,317 | €30,411 | €16,383 | €16,598 | €31,825 | ▲ 91.7% |
| Operating cash flow (approximation) | €48,006 | €32,880 | €49,833 | €48,702 | €50,054 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | -€14,413 | -€104,291 | -€18,402 | -€17,439 | ▲ 5.2% |
| Change in cash | - | -€6,912 | €6,748 | €9,339 | €13,837 | ▲ 48.2% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200,000Eq €203,883 ▲18.7%
6 profitable years in a row build equity to €203,883.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €33,451 ▲1,255%
Net result €33,451, the highest in the series.
31-12
Financial
Equity above €150,000Eq €171,778 ▲24.2%
5 profitable years in a row build equity to €171,778.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet €423 ▼95.9%
Net result drops to €423, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aalter · 1 establishment unit since 2012
Ground area
2,331 m²
Building footprint
176 m²
Volume, LiDAR
45 m³
Parcel 44029B0727/00A000, Flanders · tallest building 2.4 m. Linked by address, not a title deed.
1 establishment unit
Westvoordestraat 6, 9910 Aalter
since 20122.212.504.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44029B0727/00A000 | Flanders | 2,331 m² | 1 · 176 m² | 2.4 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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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,666 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
Founded02-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
01610Support activities for crop production
43211General electrical installation work
77310Rental and leasing activities
77320Rental and leasing activities
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.