Equity
€1.6m from €4.0m in 2023
Equity fell by 60% in 1 year.
DIFF
Lifetime
14 annual accounts with figures on one time axispeak €1.9m (2022)
-not published
lowest -€823,089 (2024)
-€823,089▼ €1.6m
peak €4.0m (2023)
€1.6m▼ 60.3%
€9.3m▲ 61.6%
peak 3 FTE (2023)
3 FTEunchanged
Board4 names since 2014
-
Owners
Documentsfilings and deeds
06-11-202598 days late
2024financial year
Turnover from €18.5m to €15.2mLoss of €823,089Appointment: (statutory auditor) 07-10Share cancellation · Amendment of the articles 07-03Equity from €4.0m to €1.6mDebts from €5.8m to €9.3m
Key points
from the 2024 annual accountsResult
-€823,089 -€823,089
From profit to loss in 2024, after a profit of €771,748 in 2023.
Debts
€9.3m 85% of the balance sheet
Financial debts 44%Suppliers 26%Taxes and wages 1%Other 29%
€4.3m of the debts are secured on the company's own assets. In 2021 that was €2.0m.
Payment terms
61 days to suppliers
DIFF pays its suppliers 31 days later than in 2023. Customers pay 50 days later.
Filings
14 annual accounts 106 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€823,089
Lower net result than 95% of companies in real estate. Sector median €11,260 · 4,703 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,167 companies had the same profile as DIFF has now. Each dot stands for 6 companies, two years later.
94.0%
were still trading
3.1%
stopped another way
2.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,167 companies, not a prediction for DIFF. 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.
Credit verdict
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Signals
Board and ownership
last known boardManager, until 2018
Auditor,
- 50%equity €782,033 (2023) · 2023 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829445614
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden, Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden · Provincie Vlaams-Brabant
Registered office moved from Wemmel to Merchtem
New registered office: Koning Leopold IIIstraat 27, 1785 Merchtem · Previous registered office: de Limburg Stirumlaan 155, 1780 Wemmel · Board meeting of 10-10-2025 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Provincie Vlaams-Brabant
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DIFF Merchtem | €15.2m | -3.0% | 14.6% | 3 |
| Chapter George Develops Harelbeke | €8.5m | 4.1% | 30.1% | 2.8 |
| Oost West Construct Ghent | €15.8m | 16.0% | 12.6% | 2.9 |
| ION Service Provider Waregem | €6.0m | 46.1% | 67.3% | 2.7 |
| JPB BUILDING Oostkamp | €11.0m | -2.6% | 35.3% | 3.3 |
| RESOLVE Antwerp | €17.8m | 2.2% | 47.1% | 2.5 |
| BRICKS & LEISURE VASTGOED Watermael-Boitsfort | €10.3m | 4.1% | 4.3% | 6.3 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DIFF: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €4.9m and €30m, founded between 2006 and 2016.
Official details
Source: KBO- Status
- Active since 21-09-2010Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.193.199.6921785 Merchtem, since 21-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on DIFF
DIFF has existed since 2010. In 2017 the gross margin rose from €66,256 to €253,122.
Solvency fell in 2024 from 41.1% to 14.6% because of the loss and higher long-term debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DIFF
- What is the company number of DIFF?
- The company number of DIFF is 0829.445.614. The VAT number is the same number with BE in front: BE 0829.445.614.
- Where is DIFF based?
- The registered office is at Koning Leopold IIIstraat 27, 1785 Merchtem.Company details
- What does DIFF do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of DIFF?
- DIFF is a private limited company (BV).
- When was DIFF founded?
- DIFF was founded on 21-09-2010.
- Is DIFF still active?
- Yes, DIFF is an active enterprise in the KBO register.
- How many employees does DIFF have?
- DIFF had an average of 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does DIFF fall under?
- In its 2024 annual accounts, DIFF states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of DIFF?
- The turnover of DIFF was €15.2m in financial year 2024, according to the filed annual accounts.
- Is DIFF profitable?
- In financial year 2024, DIFF made a loss of €823,089.
- Where can I find the annual accounts of DIFF?
- DIFF filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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