DMS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of DMS CONSTRUCT is 2.1% (moderate). The 2024 annual accounts show equity of €208,519 and a net result of €68,665. Equity is growing by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+2
Solvency90▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.07 in 2023; short-term debt: 26.7% and cash: 69.5% of total assets), and 35.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-03-2025, 152 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
152 d early
2023
99 d early
2022
40 d early
2021
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 83 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€208,519▲ 49.1%
2023 · €139,853
Total assets
€322,629▲ 27.6%
2023 · €252,865
Net result
€68,665▲ 38.8%
2023 · €49,487
Working capital
€147,576▲ 66.5%
2023 · €88,632
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line2021202220232024
Operating result€45,780-€62,338▲ 36.2%€64,430▲ 3.4%€89,214▲ 38.5%
Net result€36,215above the sector's middle half-€49,152above the sector's middle half▲ 35.7%€49,487above the sector's middle half▲ 0.7%€68,665above the sector's middle half▲ 38.8%
Equity€41,215within the sector's middle half-€90,366within the sector's middle half▲ 119%€139,853above the sector's middle half▲ 54.8%€208,519above the sector's middle half▲ 49.1%
Total assets€111,560within the sector's middle half-€197,078within the sector's middle half▲ 76.7%€252,865within the sector's middle half▲ 28.3%€322,629above the sector's middle half▲ 27.6%
Debt€70,346-€106,712▲ 51.7%€113,011▲ 5.9%€114,111▲ 1.0%
Working capital€30,989within the sector's middle half-€71,504within the sector's middle half▲ 131%€88,632above the sector's middle half▲ 24.0%€147,576above the sector's middle half▲ 66.5%
Solvency36.9%within the sector's middle half-45.9%within the sector's middle half▲ 8.9pp55.3%within the sector's middle half▲ 9.5pp64.6%within the sector's middle half▲ 9.3pp
Current ratio1.55within the sector's middle half-2.14within the sector's middle half▲ 0.602.07within the sector's middle half▼ 0.072.71within the sector's middle half▲ 0.64
Return on assets (ROA)32.5%above the sector's middle half-24.9%above the sector's middle half▼ 7.5pp19.6%above the sector's middle half▼ 5.4pp21.3%above the sector's middle half▲ 1.7pp
Staff (FTE)1.8
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 38% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €322,629
Fixed assets
€88,755 ▲ 9.1%
Current assets
€233,874 ▲ 36.4%
Equity and liabilities €322,629
Equity
€208,519 ▲ 49.1%
Debt
€114,111 ▲ 1.0%
Debt's share of the balance-sheet total falls from 44.7% to 35.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€116,457▲
2023 · €82,329
Cash flow
€95,908▲
2023 · €67,386
Quick ratio
2.60▲
2023 · 1.98
Debt to equity
0.55▼
2023 · 0.81
ROE
32.9%▼
2023 · 35.4%
Interest coverage
19.91▼
2023 · 25.91
Debt ≤ 1 year
€86,299▲
2023 · €82,885
Debt > 1 year
€27,712▼
2023 · €30,026
Income taxes
€17,283▲
2023 · €13,099
Staff costs
€78,897▲
2023 · €41,195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10,858 | €42,939 | €41,195 | €78,897 | ▲ 91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,560 | €11,153 | €17,899 | €27,243 | ▲ 52.2% |
| Other operating charges640/8 | €529 | €713 | €614 | €1,444 | ▲ 135% |
| Gross operating margin9900 | €60,726 | €117,143 | €124,138 | €196,798 | ▲ 58.5% |
| Operating profit (loss)9901 | €45,780 | €62,338 | €64,430 | €89,214 | ▲ 38.5% |
| Financial income75/76B | €1,082 | €2,340 | €1,335 | €2,584 | ▲ 93.6% |
| Recurring financial income75 | €1,082 | €2,340 | €1,335 | €2,584 | ▲ 93.6% |
| Financial charges65/66B | €2,047 | €3,277 | €3,178 | €5,849 | ▲ 84.1% |
| Recurring financial charges65 | €2,047 | €3,277 | €3,178 | €5,849 | ▲ 84.1% |
| Profit (loss) for the period before taxes9903 | €44,815 | €61,401 | €62,586 | €85,948 | ▲ 37.3% |
| Income taxes67/77 | €8,600 | €12,250 | €13,099 | €17,283 | ▲ 31.9% |
| Profit (loss) for the period9904 | €36,215 | €49,152 | €49,487 | €68,665 | ▲ 38.8% |
| Profit (loss) for the period to be appropriated9905 | €36,215 | €49,152 | €49,487 | €68,665 | ▲ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €111,560 | €197,078 | €252,865 | €322,629 | ▲ 27.6% |
| Fixed assets21/28 | €23,744 | €62,935 | €81,348 | €88,755 | ▲ 9.1% |
| Tangible fixed assets22/27 | €23,744 | €62,935 | €81,348 | €88,755 | ▲ 9.1% |
| Plant, machinery and equipment23 | €7,094 | €30,687 | €57,266 | €59,229 | ▲ 3.4% |
| Furniture and vehicles24 | €16,650 | €32,248 | €24,082 | €29,526 | ▲ 22.6% |
| Current assets29/58 | €87,817 | €134,143 | €171,517 | €233,874 | ▲ 36.4% |
| Stocks and contracts in progress3 | €12,189 | €13,483 | €7,193 | €9,411 | ▲ 30.8% |
| Stocks30/36 | €12,189 | €13,483 | €7,193 | €9,411 | ▲ 30.8% |
| Amounts receivable within one year40/41 | €2,019 | €9,539 | €28,615 | €211 | ▼ 99.3% |
| Trade receivables40 | - | €5,401 | €21,783 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,019 | €4,138 | €6,832 | €211 | ▼ 96.9% |
| Cash at bank and in hand54/58 | €73,609 | €111,121 | €134,679 | €224,253 | ▲ 66.5% |
| Deferred charges and accrued income490/1 | - | - | €1,030 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €111,560 | €197,078 | €252,865 | €322,629 | ▲ 27.6% |
| Equity10/15 | €41,215 | €90,366 | €139,853 | €208,519 | ▲ 49.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €36,215 | €85,366 | €134,853 | €203,519 | ▲ 50.9% |
| Distributable reserves133 | €36,215 | €85,366 | €134,853 | €203,519 | ▲ 50.9% |
| Amounts payable17/49 | €70,346 | €106,712 | €113,011 | €114,111 | ▲ 1.0% |
| Amounts payable after more than one year17 | €13,417 | €43,973 | €30,026 | €27,712 | ▼ 7.7% |
| Financial debts170/4 | €13,417 | €43,973 | €30,026 | €27,712 | ▼ 7.7% |
| Amounts payable within one year42/48 | €56,828 | €62,639 | €82,885 | €86,299 | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €3,600 | €13,668 | €13,947 | €16,531 | ▲ 18.5% |
| Financial debts43 | - | €7,581 | €7,680 | €7,671 | ▼ 0.1% |
| Credit institutions430/8 | - | €7,581 | €7,680 | €7,671 | ▼ 0.1% |
| Trade debts44 | €16,922 | €3,213 | €29,658 | €23,580 | ▼ 20.5% |
| Suppliers440/4 | €16,922 | €3,213 | €29,658 | €23,580 | ▼ 20.5% |
| Taxes, remuneration and social security45 | €11,187 | €12,088 | €4,617 | €10,338 | ▲ 124% |
| Taxes450/3 | €6,977 | €7,812 | €2,545 | €7,224 | ▲ 184% |
| Remuneration and social security454/9 | €4,211 | €4,276 | €2,072 | €3,114 | ▲ 50.3% |
| Other amounts payable47/48 | €25,119 | €26,089 | €26,984 | €28,179 | ▲ 4.4% |
| Accrued charges and deferred income492/3 | €100 | €100 | €100 | €100 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,215 | €49,152 | €49,487 | €68,665 | ▲ 38.8% |
| + Depreciation and write-downs630 | €3,560 | €11,153 | €17,899 | €27,243 | ▲ 52.2% |
| Operating cash flow (approximation) | €39,775 | €60,304 | €67,386 | €95,908 | ▲ 42.3% |
| Investment in fixed assets (approximation) | - | -€50,344 | -€36,312 | -€34,650 | ▲ 4.6% |
| Change in cash | - | €37,512 | €23,558 | €89,574 | ▲ 280% |
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
2025
01-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €68,665 ▲38.8%
Operating result €89,214, net result €68,665, both a record.
31-12
Financial
Equity above €200,000Eq €208,519 ▲49.1%
4 profitable years in a row build equity to €208,519.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €139,853 ▲54.8%
3 profitable years in a row build equity to €139,853.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beernem · 1 establishment unit since 2021
Ground area
1,397 m²
Building footprint
187 m²
Volume, LiDAR
50 m³
Parcel 31021C0525/00R000, Flanders · tallest building 3.9 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DMS CONSTRUCT
since 20212.315.377.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021C0525/00R000 | Flanders | 1,397 m² | 1 · 187 m² | 3.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 309 EUR awarded · 309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 201 EUR | 201 EUR |
| 2022 | 1 | 108 EUR | 108 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,994 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
Founded25-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765677220
Also
9925:BE0765677220
Registered
16-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.