Result
Back in profit in 2025, after a loss of €51,645 in 2024.
Back in profit in 2025, after a loss of €51,645 in 2024.
The abbreviated format states no turnover.
Green is investment, beige is depreciation.
The 2022 accounts came 23 days late. The other three were filed on time.
Lower solvency than 86% of companies in construction of buildings. Sector median 38.6% · 2,816 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 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 41, micro). It does better than 14% of them on solvency, 36% on liquidity, 52% on profitability and 97% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,153 companies had the same profile as DIVA CONSTRUCT has now. Each dot stands for 6 companies, two years later.
That fits the bankruptcy probability of DIVA CONSTRUCT itself: 1.5% 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 2,153 companies, not a prediction for DIVA CONSTRUCT. 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 insufficient, with a current ratio of 0.97 (0.96 in 2024), below 1. Short-term debt is 96.3% and cash 31.7% of total assets. 96.3% 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 4 accounts on average 6 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DIVA CONSTRUCT Asse | €732,713 | €104,001 | 3.7% | - |
| ALL4CONSTRUCTION Asse | €620,427 | €109,322 | 13.1% | - |
| MERTURE Dilbeek | €627,344 | €96,452 | 50.1% | - |
| M.J.A. CONSTRUCT Sint-Pieters-Leeuw | €693,871 | €133,215 | 71.4% | 2 |
| KEY CONTRACTING Waterloo | €664,208 | €110,687 | 6.7% | - |
| W&J Projects Vorselaar | €780,442 | €112,844 | 31.8% | - |
| Pierre PONETTE - Concept Bastogne | €651,153 | €105,877 | -5.8% | - |
These companies have the same main activity as DIVA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €620,000 and €780,000, founded between 2020 and 2021.
DIVA CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €127,845 in 2022 to €104,001 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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