Equity
Equity fell by 53% in 2 years.
Equity fell by 53% in 2 years.
The accounts state no turnover.
In 2025, 1 person joined and 4 left.
Short-term debts rose from €599,226 to €1.1m.
The last five annual accounts were filed 11 to 32 days before the end of the period.
More equity than 81% of companies in specialised construction. Sector median €459,288 · 2,460 companies.
The dashed line is the sector median: 0.3% across 2,649 companies (NACE 43, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, small). It does better than 83% of them on solvency, 87% on liquidity, 24% on profitability and 52% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 14,766 companies had the same profile as Dierckx has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dierckx itself: 0.3% within 12 months.
The method was tested on the 497,447 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 14,766 companies, not a prediction for Dierckx. 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.
Liquidity is ample, with a current ratio of 2.69 (3.86 in 2024), above the usual 1.5. Short-term debt is 32.8% of total assets. 34.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Dierckx Balen | €3.4m | €1.5m | 65.8% | 29.1 |
| ALTRITEMPI Brasschaat | €3.2m | €2.7m | 48.1% | 32.6 |
| VAN DE MOERE Sint-Laureins | €2.7m | €2.1m | 28.4% | 25.7 |
| YONUS Lokeren | €3.3m | €1.8m | 50.8% | 19.5 |
| TRAVAPAC Courcelles | €3.1m | €1.7m | 27.3% | 21.1 |
| RÖHL Bullange | €2.4m | €1.7m | 47.3% | 21.7 |
| DONCK GRONDWERKEN Roeselare | €2.7m | €1.9m | 25.2% | 20.1 |
These companies have the same main activity as Dierckx: site preparation (NACE 43120). They are comparable in size and age: total assets between €2.4m and €3.3m, founded between 1987 and 2000.
Dierckx has existed since 1992. The gross margin grew from €1.2m in 2008 to €1.5m in 2025 and staff from 18.2 to 29.1 full-time equivalents.
The gross margin has fallen every year since 2022. Solvency fell in 2025 from 77.6% to 65.8% because of higher debts to suppliers.
ALGEMENE PARTICIPATIE KERKHOFS holds all the shares. In July 2022, six directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.