DICASSO
ActiveSummary
The computed 12-month bankruptcy probability of DICASSO is 3.3% (moderate). The 2024 annual accounts show equity of €23,720 and a net result of -€1,889. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 36377 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability39▼-53
Solvency61▼-27
Growth52=
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.82 in 2023; short-term debt: 49.1% and cash: 0.1% of total assets), and 63.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.1%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
21 d late
2022
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€23,720▼ 7.4%
2023 · €25,609
Total assets
€65,768▲ 62.9%
2023 · €40,374
Net result
-€1,889
2023 · €7,450
Working capital
€558▼ 95.4%
2023 · €12,162
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
Line202220232024
Operating result€23,063-€10,956▼ 52.5%€3,639▼ 66.8%
Net result€15,659-€7,450▼ 52.4%-€1,889
Equity€18,159-€25,609▲ 41.0%€23,720▼ 7.4%
Total assets€42,179-€40,374▼ 4.3%€65,768▲ 62.9%
Debt€24,020-€14,764▼ 38.5%€42,048▲ 185%
Working capital€6,547-€12,162▲ 85.8%€558▼ 95.4%
Staff (FTE)1
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; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65,768
Fixed assets
€32,914 ▲ 145%
Current assets
€32,854 ▲ 22.0%
Equity and liabilities €65,768
Equity
€23,720 ▼ 7.4%
Debt
€42,048 ▲ 185%
Debt's share of the balance-sheet total rises from 36.6% to 63.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,706▼
2023 · €16,406
Cash flow
€9,177▼
2023 · €12,900
Current ratio
1.02▼
2023 · 1.82
Debt to equity
1.77▲
2023 · 0.58
ROE
-8.0%▼
2023 · 29.1%
ROA
-2.9%▼
2023 · 18.5%
Interest coverage
2.84▼
2023 · 20.04
Debt ≤ 1 year
€32,296▲
2023 · €14,764
Debt > 1 year
€9,751
Income taxes
€343▼
2023 · €2,707
Staff costs
€42,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €42,707 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,830 | €5,450 | €11,067 | ▲ 103% |
| Other operating charges640/8 | €2,379 | €1,658 | €1,650 | ▼ 0.5% |
| Gross operating margin9900 | €29,272 | €18,065 | €59,062 | ▲ 227% |
| Operating profit (loss)9901 | €23,063 | €10,956 | €3,639 | ▼ 66.8% |
| Financial income75/76B | €17 | €20 | €2 | ▼ 90.0% |
| Recurring financial income75 | €17 | €20 | €2 | ▼ 90.0% |
| Financial charges65/66B | €998 | €818 | €5,187 | ▲ 534% |
| Recurring financial charges65 | €998 | €818 | €5,187 | ▲ 534% |
| Profit (loss) for the period before taxes9903 | €22,083 | €10,158 | -€1,546 | ▼ 115% |
| Income taxes67/77 | €6,424 | €2,707 | €343 | ▼ 87.3% |
| Profit (loss) for the period9904 | €15,659 | €7,450 | -€1,889 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €15,659 | €7,450 | -€1,889 | ▼ 125% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €42,179 | €40,374 | €65,768 | ▲ 62.9% |
| Fixed assets21/28 | €11,612 | €13,447 | €32,914 | ▲ 145% |
| Tangible fixed assets22/27 | €11,612 | €13,447 | €32,914 | ▲ 145% |
| Plant, machinery and equipment23 | €11,612 | €13,447 | €11,787 | ▼ 12.3% |
| Furniture and vehicles24 | - | - | €21,127 | - |
| Current assets29/58 | €30,567 | €26,927 | €32,854 | ▲ 22.0% |
| Amounts receivable within one year40/41 | €24,734 | €12,400 | €32,773 | ▲ 164% |
| Trade receivables40 | €16,016 | €7,255 | €27,569 | ▲ 280% |
| Other amounts receivable41 | €8,718 | €5,145 | €5,204 | ▲ 1.1% |
| Cash at bank and in hand54/58 | €3,525 | €14,526 | €81 | ▼ 99.4% |
| Deferred charges and accrued income490/1 | €2,308 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €42,179 | €40,374 | €65,768 | ▲ 62.9% |
| Equity10/15 | €18,159 | €25,609 | €23,720 | ▼ 7.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €15,659 | €23,109 | €21,220 | ▼ 8.2% |
| Amounts payable17/49 | €24,020 | €14,764 | €42,048 | ▲ 185% |
| Amounts payable after more than one year17 | - | - | €9,751 | - |
| Financial debts170/4 | - | - | €9,751 | - |
| Amounts payable within one year42/48 | €24,020 | €14,764 | €32,296 | ▲ 119% |
| Current portion of amounts payable after more than one year42 | - | - | €8,633 | - |
| Trade debts44 | €13,577 | €4,986 | €6,181 | ▲ 24.0% |
| Suppliers440/4 | €13,577 | €4,986 | €6,181 | ▲ 24.0% |
| Taxes, remuneration and social security45 | €6,816 | €9,778 | €14,386 | ▲ 47.1% |
| Taxes450/3 | €6,816 | €9,778 | €4,273 | ▼ 56.3% |
| Remuneration and social security454/9 | - | - | €10,113 | - |
| Other amounts payable47/48 | €3,627 | - | €3,096 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,659 | €7,450 | -€1,889 | ▼ 125% |
| + Depreciation and write-downs630 | €3,830 | €5,450 | €11,067 | ▲ 103% |
| Operating cash flow (approximation) | €19,489 | €12,900 | €9,177 | ▼ 28.9% |
| Investment in fixed assets (approximation) | - | -€7,285 | -€30,534 | ▼ 319% |
| Change in cash | - | €11,001 | -€14,446 | ▼ 231% |
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
2026
15-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 09-09-2026
- Registered-office move, Middelburgsesteenweg 37, 8340 Damme
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€1,889
Net result drops to -€1,889, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 2021
Ground area
1,513 m²
Parcel 31019A1042/00P003, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DICASSO
since 20212.319.463.208
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A1042/00P003 | Flanders | 1,513 m² | - | - |
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 20,028 companies in sector 43320 we hold annual accounts for 9,135. 6,419 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
Founded21-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43341Painting of buildings
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.