Doorgrond
ActiveSummary
The computed 12-month bankruptcy probability of Doorgrond is 2.1% (moderate). The 2024 annual accounts show equity of €163,130 and a net result of €67,814. Equity is growing by ~38% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency95▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.11 against 5.82 in 2023; short-term debt: 14.4% and cash: 36.3% of total assets), and 29.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
38 d early
2024
28 d early
2023
51 d early
2022
35 d early
2021
32 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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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Financials · fiscal year 2024, micro schema
Equity
€163,130▲ 71.1%
2023 · €95,316
Total assets
€232,529▲ 110%
2023 · €110,693
Net result
€67,814▲ 40.9%
2023 · €48,128
Working capital
€104,263▲ 40.7%
2023 · €74,128
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€15,096-€42,111▲ 179%€58,625▲ 39.2%€61,005▲ 4.1%€88,143▲ 44.5%
Net result€11,529within the sector's middle half-€33,021above the sector's middle half▲ 186%€46,698above the sector's middle half▲ 41.4%€48,128above the sector's middle half▲ 3.1%€67,814above the sector's middle half▲ 40.9%
Equity€14,529below the sector's middle half-€47,549within the sector's middle half▲ 227%€94,247within the sector's middle half▲ 98.2%€95,316within the sector's middle half▲ 1.1%€163,130above the sector's middle half▲ 71.1%
Total assets€100,274within the sector's middle half-€120,519within the sector's middle half▲ 20.2%€126,839within the sector's middle half▲ 5.2%€110,693within the sector's middle half▼ 12.7%€232,529within the sector's middle half▲ 110%
Debt€85,746-€72,970▼ 14.9%€32,592▼ 55.3%€15,377▼ 52.8%€69,399▲ 351%
Working capital-€5,465below the sector's middle half-€26,493within the sector's middle half€66,452within the sector's middle half▲ 151%€74,128within the sector's middle half▲ 11.6%€104,263above the sector's middle half▲ 40.7%
Solvency14.5%below the sector's middle half-39.5%within the sector's middle half▲ 25.0pp74.3%above the sector's middle half▲ 34.9pp86.1%above the sector's middle half▲ 11.8pp70.2%above the sector's middle half▼ 16.0pp
Current ratio0.91below the sector's middle half-1.44within the sector's middle half▲ 0.533.12above the sector's middle half▲ 1.685.82above the sector's middle half▲ 2.704.11above the sector's middle half▼ 1.71
Return on assets (ROA)11.5%within the sector's middle half-27.4%above the sector's middle half▲ 15.9pp36.8%above the sector's middle half▲ 9.4pp43.5%above the sector's middle half▲ 6.7pp29.2%above the sector's middle half▼ 14.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 four years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232,529
Fixed assets
€94,701 ▲ 347%
Current assets
€137,829 ▲ 54.0%
Equity and liabilities €232,529
Equity
€163,130 ▲ 71.1%
Debt
€69,399 ▲ 351%
Debt's share of the balance-sheet total rises from 13.9% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107,845▲
2023 · €74,761
Cash flow
€87,517▲
2023 · €61,884
Debt to equity
0.43▲
2023 · 0.16
ROE
41.6%▼
2023 · 50.5%
Interest coverage
49.34▼
2023 · 393.50
Debt ≤ 1 year
€33,566▲
2023 · €15,377
Debt > 1 year
€35,833
Income taxes
€18,143▲
2023 · €12,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,536 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,502 | €11,249 | €12,426 | €13,756 | €19,703 | ▲ 43.2% |
| Other operating charges640/8 | - | €111 | €522 | €499 | €513 | ▲ 2.8% |
| Gross operating margin9900 | €26,759 | €53,470 | €71,572 | €75,261 | €108,359 | ▲ 44.0% |
| Operating profit (loss)9901 | €15,096 | €42,111 | €58,625 | €61,005 | €88,143 | ▲ 44.5% |
| Financial income75/76B | - | €22 | €0 | €0 | €0 | - |
| Recurring financial income75 | €0 | €22 | €0 | €0 | €0 | - |
| Financial charges65/66B | - | €390 | €295 | €190 | €2,186 | ▲ 1,050% |
| Recurring financial charges65 | €638 | €390 | €295 | €190 | €2,186 | ▲ 1,050% |
| Profit (loss) for the period before taxes9903 | €14,458 | €41,742 | €58,330 | €60,815 | €85,957 | ▲ 41.3% |
| Income taxes67/77 | €2,930 | €8,722 | €11,632 | €12,687 | €18,143 | ▲ 43.0% |
| Profit (loss) for the period9904 | €11,529 | €33,021 | €46,698 | €48,128 | €67,814 | ▲ 40.9% |
| Profit (loss) for the period to be appropriated9905 | €11,529 | €33,021 | €46,698 | €48,128 | €67,814 | ▲ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,274 | €120,519 | €126,839 | €110,693 | €232,529 | ▲ 110% |
| Fixed assets21/28 | €44,742 | €33,493 | €28,996 | €21,188 | €94,701 | ▲ 347% |
| Tangible fixed assets22/27 | €44,742 | €33,493 | €28,996 | €21,188 | €94,701 | ▲ 347% |
| Land and buildings22 | - | - | - | €2,789 | €2,101 | ▼ 24.7% |
| Plant, machinery and equipment23 | - | - | - | €2,238 | €1,736 | ▼ 22.4% |
| Furniture and vehicles24 | - | €33,493 | €28,996 | €16,161 | €90,863 | ▲ 462% |
| Current assets29/58 | €55,532 | €87,026 | €97,844 | €89,505 | €137,829 | ▲ 54.0% |
| Amounts receivable within one year40/41 | €22,094 | €24,536 | €28,429 | €38,649 | €48,539 | ▲ 25.6% |
| Trade receivables40 | - | €24,536 | €28,021 | €38,615 | €46,648 | ▲ 20.8% |
| Other amounts receivable41 | - | €0 | €408 | €34 | €1,891 | ▲ 5,466% |
| Cash at bank and in hand54/58 | €31,681 | €60,631 | €64,965 | €45,267 | €84,396 | ▲ 86.4% |
| Deferred charges and accrued income490/1 | - | €1,859 | €4,449 | €5,590 | €4,894 | ▼ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,274 | €120,519 | €126,839 | €110,693 | €232,529 | ▲ 110% |
| Equity10/15 | €14,529 | €47,549 | €94,247 | €95,316 | €163,130 | ▲ 71.1% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €11,529 | €44,549 | €91,247 | €92,316 | €160,130 | ▲ 73.5% |
| Amounts payable17/49 | €85,746 | €72,970 | €32,592 | €15,377 | €69,399 | ▲ 351% |
| Amounts payable after more than one year17 | €24,749 | €12,437 | €0 | - | €35,833 | - |
| Financial debts170/4 | - | €12,437 | €0 | - | €35,833 | - |
| Amounts payable within one year42/48 | €60,997 | €60,533 | €31,392 | €15,377 | €33,566 | ▲ 118% |
| Current portion of amounts payable after more than one year42 | - | €12,312 | €12,437 | €0 | €15,129 | - |
| Trade debts44 | €5,147 | €4,968 | €7,706 | €3,508 | €5,216 | ▲ 48.7% |
| Suppliers440/4 | - | €4,968 | €7,706 | €3,508 | €5,216 | ▲ 48.7% |
| Taxes, remuneration and social security45 | - | €8,692 | €8,613 | €9,239 | €12,281 | ▲ 32.9% |
| Taxes450/3 | - | €8,692 | €8,613 | €9,239 | €12,281 | ▲ 32.9% |
| Other amounts payable47/48 | - | €34,561 | €2,636 | €2,631 | €940 | ▼ 64.3% |
| Accrued charges and deferred income492/3 | - | - | €1,200 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,529 | €33,021 | €46,698 | €48,128 | €67,814 | ▲ 40.9% |
| + Depreciation and write-downs630 | €11,502 | €11,249 | €12,426 | €13,756 | €19,703 | ▲ 43.2% |
| Operating cash flow (approximation) | €23,030 | €44,269 | €59,124 | €61,884 | €87,517 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | €0 | -€7,928 | -€5,949 | -€93,215 | ▼ 1,467% |
| Change in cash | - | €28,950 | €4,334 | -€19,699 | €39,129 | ▲ 299% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €67,814 ▲40.9%
Operating result €88,143, net result €67,814, both a record.
31-12
Financial
Equity above €150,000Eq €163,130 ▲71.1%
5 profitable years in a row build equity to €163,130.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.44 to 3.12; short-term debt falls from €60,533 to €31,392.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Torhout · 1 establishment unit since 2019
Ground area
959 m²
Building footprint
175 m²
Volume, LiDAR
1,036 m³
Parcel 31523F0721/00T002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Doorgrond
since 20192.296.122.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0721/00T002 | Flanders | 959 m² | 1 · 175 m² | 9.4 m · 2 fl. |
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
2025 · 1 entry · 147 EUR awarded · 147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. 2,644 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
Founded28-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738521376
Also
9925:BE0738521376
Registered
05-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.