DIRKX Development
ActiveSummary
DIRKX Development has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €432,551 and a net result of -€15,118. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+2
Solvency91▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.02 against 2.29 in 2024; short-term debt: 32.3% and cash: 19.2% of total assets), and 33.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,118
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
51 d early
2023
56 d early
2022
11 d late
2021
29 d late
2020
5 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€432,551▼ 3.4%
2024 · €447,669
Total assets
€653,267▼ 16.8%
2024 · €785,117
Net result
-€15,118▲ 47.8%
2024 · -€28,973
Working capital
€426,318▼ 1.9%
2024 · €434,644
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49,858▼ 86.1%€53,679▲ 7.7%€32,801▼ 38.9%-€19,959-€12,189▲ 38.9%
Net result€14,867within the sector's middle half▼ 94.0%€22,994within the sector's middle half▲ 54.7%€10,664within the sector's middle half▼ 53.6%-€28,973below the sector's middle half-€15,118within the sector's middle half▲ 47.8%
Equity€442,984above the sector's middle half▲ 3.5%€465,978within the sector's middle half▲ 5.2%€476,642within the sector's middle half▲ 2.3%€447,669within the sector's middle half▼ 6.1%€432,551within the sector's middle half▼ 3.4%
Total assets€2.7mabove the sector's middle half▲ 24.9%€1.1mwithin the sector's middle half▼ 60.1%€802,751within the sector's middle half▼ 24.6%€785,117within the sector's middle half▼ 2.2%€653,267within the sector's middle half▼ 16.8%
Debt€2.2m▲ 30.3%€598,058▼ 73.1%€326,109▼ 45.5%€337,448▲ 3.5%€220,717▼ 34.6%
Working capital€1.2m▲ 145%€582,120▼ 52.0%€379,168▼ 34.9%€434,644▲ 14.6%€426,318▼ 1.9%
Solvency16.6%within the sector's middle half▼ 3.4pp43.8%within the sector's middle half▲ 27.2pp59.4%within the sector's middle half▲ 15.6pp57.0%within the sector's middle half▼ 2.4pp66.2%above the sector's middle half▲ 9.2pp
Staff (FTE)11within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,189 in 2025 against €19,959 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €653,267
Fixed assets
€16,233 ▲ 24.6%
Current assets
€637,035 ▼ 17.5%
Equity and liabilities €653,267
Equity
€432,551 ▼ 3.4%
Debt
€220,717 ▼ 34.6%
Debt's share of the balance-sheet total falls from 43.0% to 33.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,517▲
2024 · -€17,237
Cash flow
-€12,446▲
2024 · -€26,251
Current ratio
3.02▲
2024 · 2.29
Quick ratio
2.22▲
2024 · 1.41
Debt to equity
0.51▼
2024 · 0.75
ROE
-3.5%▲
2024 · -6.5%
ROA
-2.3%▲
2024 · -3.7%
Interest coverage
-3.10▼
2024 · -1.91
Debt ≤ 1 year
€210,717▼
2024 · €337,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €42,440 | €59,217 | €71,109 | -€502 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,333 | €24,002 | €2,153 | €2,722 | €2,672 | ▼ 1.8% |
| Other operating charges640/8 | €38,632 | €1,816 | €1,464 | €34,036 | €295 | ▼ 99.1% |
| Gross operating margin9900 | €145,262 | €138,713 | €107,526 | €16,298 | -€9,222 | ▼ 157% |
| Operating profit (loss)9901 | €49,858 | €53,679 | €32,801 | -€19,959 | -€12,189 | ▲ 38.9% |
| Financial income75/76B | €2 | €1 | - | - | €141 | - |
| Recurring financial income75 | €2 | €1 | - | - | €141 | - |
| Financial charges65/66B | €19,956 | €10,149 | €11,345 | €9,014 | €3,070 | ▼ 65.9% |
| Recurring financial charges65 | €19,956 | €10,149 | €11,345 | €9,014 | €3,070 | ▼ 65.9% |
| Profit (loss) for the period before taxes9903 | €29,904 | €43,532 | €21,456 | -€28,973 | -€15,118 | ▲ 47.8% |
| Income taxes67/77 | €15,037 | €20,537 | €10,792 | - | - | - |
| Profit (loss) for the period9904 | €14,867 | €22,994 | €10,664 | -€28,973 | -€15,118 | ▲ 47.8% |
| Profit (loss) for the period to be appropriated9905 | €14,867 | €22,994 | €10,664 | -€28,973 | -€15,118 | ▲ 47.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €1.1m | €802,751 | €785,117 | €653,267 | ▼ 16.8% |
| Fixed assets21/28 | €111,922 | €87,920 | €97,474 | €13,025 | €16,233 | ▲ 24.6% |
| Tangible fixed assets22/27 | €106,922 | €82,920 | €92,474 | €8,025 | €11,233 | ▲ 40.0% |
| Land and buildings22 | - | - | - | - | €5,754 | - |
| Plant, machinery and equipment23 | €568 | €372 | €175 | - | - | - |
| Furniture and vehicles24 | €106,354 | €82,549 | €92,299 | €8,025 | €5,478 | ▼ 31.7% |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €2.6m | €976,116 | €705,277 | €772,092 | €637,035 | ▼ 17.5% |
| Stocks and contracts in progress3 | €904,433 | €302,457 | €376,136 | €295,810 | €168,608 | ▼ 43.0% |
| Stocks30/36 | €904,433 | €302,457 | €376,136 | €295,810 | €168,608 | ▼ 43.0% |
| Amounts receivable within one year40/41 | €1.3m | €390,062 | €265,916 | €331,710 | €342,451 | ▲ 3.2% |
| Trade receivables40 | €893,504 | €148,447 | €37,048 | €42,884 | €41,346 | ▼ 3.6% |
| Other amounts receivable41 | €449,965 | €241,616 | €228,869 | €288,826 | €301,105 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €294,567 | €282,019 | €61,980 | €144,198 | €125,576 | ▼ 12.9% |
| Deferred charges and accrued income490/1 | €14,498 | €1,578 | €1,245 | €375 | €400 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €1.1m | €802,751 | €785,117 | €653,267 | ▼ 16.8% |
| Equity10/15 | €442,984 | €465,978 | €476,642 | €447,669 | €432,551 | ▼ 3.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | - | - | - | - | - |
| Other1109/19 | €12,400 | - | - | - | - | - |
| Reserves13 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Distributable reserves133 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Profit (loss) carried forward14 | €378,724 | €401,718 | €412,382 | €383,409 | €368,291 | ▼ 3.9% |
| Amounts payable17/49 | €2.2m | €598,058 | €326,109 | €337,448 | €220,717 | ▼ 34.6% |
| Amounts payable after more than one year17 | €50,456 | €16,921 | - | - | - | - |
| Financial debts170/4 | €50,456 | €16,921 | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €393,996 | €326,109 | €337,448 | €210,717 | ▼ 37.6% |
| Current portion of amounts payable after more than one year42 | €39,796 | €33,535 | €16,921 | - | - | - |
| Financial debts43 | - | - | €130,000 | €130,000 | - | - |
| Credit institutions430/8 | - | - | €130,000 | €130,000 | - | - |
| Trade debts44 | €600,929 | €121,592 | €1,677 | €613 | €20,285 | ▲ 3,211% |
| Suppliers440/4 | €600,929 | €121,592 | €1,677 | €613 | €20,285 | ▲ 3,211% |
| Advances received on contracts in progress46 | €590,697 | - | €2,495 | - | - | - |
| Taxes, remuneration and social security45 | €109,987 | €23,754 | €10,781 | €19,521 | €357 | ▼ 98.2% |
| Taxes450/3 | €103,482 | €14,962 | €3,702 | €19,521 | €357 | ▼ 98.2% |
| Remuneration and social security454/9 | €6,506 | €8,793 | €7,079 | - | - | - |
| Other amounts payable47/48 | €2,644 | €215,115 | €164,235 | €187,315 | €190,075 | ▲ 1.5% |
| Accrued charges and deferred income492/3 | €831,395 | €187,141 | - | - | €10,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,867 | €22,994 | €10,664 | -€28,973 | -€15,118 | ▲ 47.8% |
| + Depreciation and write-downs630 | €14,333 | €24,002 | €2,153 | €2,722 | €2,672 | ▼ 1.8% |
| Operating cash flow (approximation) | €29,200 | €46,996 | €12,817 | -€26,251 | -€12,446 | ▲ 52.6% |
| Investment in fixed assets (approximation) | - | €0 | -€11,707 | €81,727 | -€5,880 | ▼ 107% |
| Change in cash | - | -€12,548 | -€220,039 | €82,217 | -€18,622 | ▼ 123% |
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
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€28,973
Net result drops to -€28,973, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Highest result since 2018net €247,688 ▲128%
Operating result €359,358, net result €247,688, both a record.
31-12
Financial
Equity above €200,000Eq €428,118 ▲137%
3 profitable years in a row build equity to €428,118.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €180,430 ▲151%
2 profitable years in a row build equity to €180,430.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Bree · 1 establishment unit since 2015
Ground area
7,823 m²
Building footprint
1,301 m²
Parcel 72403A1508/00A000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Dirkx Development
since 20152.242.970.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72403A1508/00A000 | Flanders | 7,823 m² | 1 · 1,301 m² | 0.1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of DIRKX Development and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 4,860 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
Founded27-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630868303
Also
9925:BE0630868303
Registered
29-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.