DK EXPERT
ActiveDK EXPERT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €16k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+17
Solvency100▲+7
Growth35=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.92 against 2.28 in 2024; short-term debt: 14.6% and cash: 45.3% of total assets), and 15.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.5%
Return on assets
18.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
29 d late
2024
14 d early
2023
51 d early
2022
35 d early
2021
41 d early
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€123k▼ 40.6%
2019 · €207k
2018: €216k
2019: €207k
2018 → 2020
EBIT margin
-6.7%▼ 15.1pp
2019 · 8.4%
2018: 13.2%
2019: 8.4%
2018 → 2020
Net result
€16k▲ 271%
2024 · €4k
2018: €24k
2019: €12k
2020: €-9k
2021: €17k
2022: €7k
2023: €26k
2024: €4k
2018 → 2025
Working capital
€35k▲ 10.5%
2024 · €32k
2018: €-2k
2019: €13k
2020: €5k
2021: €28k
2022: €39k
2023: €36k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€44k▲ 20.4%€60k▲ 37.3%€55k▼ 9.6%€70k▲ 28.7%
Operating result€22k-€11k▼ 49.4%€34k▲ 203%€7k▼ 79.2%€21k▲ 202%
Net result€17k-€7k▼ 56.7%€26k▲ 254%€4k▼ 84.0%€16k▲ 271%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 202% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€36k▲ 52.0%
Current assets
€48k▼ 16.9%
Equity and liabilities €83k
Equity
€70k▲ 28.7%
Debt
€13k▼ 50.5%
The debt ratio falls from 32.3% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €15k
Cash flow
€24k▲
2024 · €12k
Solvency
84.5%▲
2024 · 67.7%
Current ratio
3.92▲
2024 · 2.28
Quick ratio
3.92▲
2024 · 2.28
Debt / equity
0.18▼
2024 · 0.48
ROE
22.3%▲
2024 · 7.7%
ROA
18.9%▲
2024 · 5.2%
Interest coverage
70.41▲
2024 · 26.18
Debt
€13k▼
2024 · €26k
Debt ≤ 1 year
€12k▼
2024 · €25k
Income taxes
€7k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€81k€83k▲
Fixed assets21/28€23k€36k▲
Tangible fixed assets22/27€23k€36k▲
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€16k€27k▲
Current assets29/58€57k€48k▼
Amounts receivable within one year40/41€21k€9k▼
Trade receivables40€15k€1k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€36k€38k▲
Deferred charges and accrued income490/1€217€750▲
Equity and liabilities
Total equity and liabilities10/49€81k€83k▲
Equity10/15€55k€70k▲
Contributions10/11€6k€6k=
Reserves13€48k€63k▲
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Distributable reserves133€47k€63k▲
Profit (loss) carried forward14€666€758▲
Amounts payable17/49€26k€13k▼
Amounts payable after more than one year17€894-
Financial debts170/4€894-
Amounts payable within one year42/48€25k€12k▼
Current portion of amounts payable after more than one year42€5k€894▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€5k€4k▼
Accrued charges and deferred income492/3-€750
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€765€2k▲
Gross operating margin9900€16k€32k▲
Operating profit (loss)9901€7k€21k▲
Financial income75/76B€247€2k▲
Recurring financial income75€247€2k▲
Financial charges65/66B€574€424▼
Recurring financial charges65€574€424▼
Profit (loss) for the period before taxes9903€7k€23k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€4k€16k▲
Profit (loss) for the period to be appropriated9905€4k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€16k▲
Profit (loss) brought forward from the previous period14P€640€666▲
Transfer to equity691/2€4k€16k▲
To other reserves6921€4k€16k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €26k ▲254%
Operating result €34k, net result €26k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.45 to 3.04.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-9k ▼171%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 2.30
Current ratio from 0.88 to 2.30; short-term debt falls from €17k to €10k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ternat · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Assesteenweg 4291741 TernatGround area
2,339 m²
Building footprint
124 m²
Parcel 23091B0437/00E005, Flanders. Linked by address, not a title deed.
1 establishment unit
M-STUDIO
since 20172.270.498.497
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23091B0437/00E005 | Flanders | 2,339 m² | 1 · 124 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Van den Broeck Construct
BE 0464.443.225
Lebbeke · Eq €71k
AUREL ENGINEERING
BE 0477.463.989
Flémalle · Eq €70k
Q-POWER
BE 0668.446.992
Braine-l'Alleud · Eq €70k
Steyt
BE 1008.192.759
Lo-Reninge · Eq €70k
Van Damme Projects
BE 0762.847.194
Aalst · Eq €71k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2017
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info.dkexpert@gmail.com