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DOSAN

Active
Public limited companyfounded 201114 yrs activeAppelboomstraat 34, 1070 Anderlecht, BelgiumKBO/BCE: BE 0840.958.227
Summary

DOSAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,640 and a net result of -€8,709. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability22▼-6
Solvency28▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 60.1% and cash: 0.6% of total assets), and 96.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2213 sector peers (2025).
NBB · sector comparison
Position among 2213 sector peers
Solvency
better than 14%
← weakest strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
29 d late
2023
6 d early
2022
5 d early
2021
53 d late
2020
25 d late
2019
70 d late
← 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 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DOSAN was incorporated on 10 November 2011.1 Total assets rose from EUR 974,110 in 2018 to EUR 1.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,709
2024 · €1,042
Working capital
€12,008▲ 71.4%
2024 · €7,005
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
Line20212022202320242025
Operating result€11,818▲ 39.8%€12,836▲ 8.6%€7,612▼ 40.7%€12,753▲ 67.5%€3,031▼ 76.2%
Net result-€271within the sector's middle half▲ 91.7%€1,125within the sector's middle half-€4,099below the sector's middle half€1,042within the sector's middle half-€8,709below the sector's middle half
Equity€59,282within the sector's middle half▼ 0.5%€60,407within the sector's middle half▲ 1.9%€56,308within the sector's middle half▼ 6.8%€57,350within the sector's middle half▲ 1.9%€48,640within the sector's middle half▼ 15.2%
Total assets€1.3mabove the sector's middle half▲ 34.2%€1.3mabove the sector's middle half▲ 1.1%€1.4mabove the sector's middle half▲ 0.5%€1.4mabove the sector's middle half▲ 1.8%€1.4mwithin the sector's middle half▲ 1.6%
Debt€1.3m▲ 36.4%€1.3m▲ 1.0%€1.3m▲ 0.8%€1.3m▲ 1.8%€1.3m▲ 2.4%
Working capital-€13,151▲ 95.2%-€476▲ 96.4%€5,125€7,005▲ 36.7%€12,008▲ 71.4%
Solvency4.5%below the sector's middle half▼ 1.5pp4.5%below the sector's middle half=4.2%below the sector's middle half▼ 0.3pp4.2%below the sector's middle half=3.5%below the sector's middle half▼ 0.7pp
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.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000Operating result 2021: €11,818€11,818Net result 2021: -€271-€271Operating result 2022: €12,836€12,836Net result 2022: €1,125€1,125Operating result 2023: €7,612€7,612Net result 2023: -€4,099-€4,099Operating result 2024: €12,753€12,753Net result 2024: €1,042€1,042Operating result 2025: €3,031€3,031Net result 2025: -€8,709-€8,70920212022202320242025-€10,000€0€10,000Operating result 2023: €7,612€7,610Net result 2023: -€4,099-€4,100Operating result 2024: €12,753€12,800Net result 2024: €1,042€1,040Operating result 2025: €3,031€3,030Net result 2025: -€8,709-€8,710202320242025
The operating result falls in 2025; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €546,449 ▼ 0.4%
Current assets €851,698 ▲ 3.0%
Equity and liabilities €1.4m
Equity €48,640 ▼ 15.2%
Debt €1.3m ▲ 2.4%
Debt's share of the balance-sheet total rises from 95.8% to 96.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,193▼
2024 · €12,854
Cash flow
-€6,547▼
2024 · €1,142
Current ratio
1.01▲
2024 · 1.01
Debt to equity
27.74▲
2024 · 22.98
ROE
-17.9%▼
2024 · 1.8%
ROA
-0.6%▼
2024 · 0.1%
Interest coverage
0.44▼
2024 · 1.10
Debt ≤ 1 year
€839,690▲
2024 · €819,901
Debt > 1 year
€385,000=
2024 · €385,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 913 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.0% went bankrupt
2.1% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 913 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.4m▲
Fixed assets21/28€548,611€546,449▼
Tangible fixed assets22/27€548,611€546,449▼
Land and buildings22€548,611€546,449▼
Current assets29/58€826,906€851,698▲
Amounts receivable after more than one year29€359,720€359,720=
Other amounts receivable291€359,720€359,720=
Amounts receivable within one year40/41€450,922€484,002▲
Trade receivables40€346,922€351,002▲
Other amounts receivable41€104,000€133,000▲
Cash at bank and in hand54/58€16,264€7,976▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▲
Equity10/15€57,350€48,640▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Profit (loss) carried forward14-€42,650-€51,360▼
Amounts payable17/49€1.3m€1.3m▲
Amounts payable after more than one year17€385,000€385,000=
Financial debts170/4€385,000€385,000=
Amounts payable within one year42/48€819,901€839,690▲
Trade debts44€12,093€3,078▼
Suppliers440/4€12,093€3,078▼
Advances received on contracts in progress46€807,217€836,410▲
Taxes, remuneration and social security45€591€201▼
Taxes450/3€591€201▼
Accrued charges and deferred income492/3€113,267€124,817▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101€2,162▲
Other operating charges640/8€1,031€998▼
Gross operating margin9900€13,885€6,192▼
Operating profit (loss)9901€12,753€3,031▼
Financial charges65/66B€11,711€11,740▲
Recurring financial charges65€11,711€11,740▲
Profit (loss) for the period before taxes9903€1,042-€8,709▼
Profit (loss) for the period9904€1,042-€8,709▼
Profit (loss) for the period to be appropriated9905€1,042-€8,709▼
Appropriation of the result
Profit (loss) to be appropriated9906-€42,650-€51,360▼
Profit (loss) brought forward from the previous period14P-€43,692-€42,650▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€101€2,162▲ 2,047%
Other operating charges640/8-€1,818€1,124€1,031€998▼ 3.2%
Gross operating margin9900€11,818€14,654€8,736€13,885€6,192▼ 55.4%
Operating profit (loss)9901€11,818€12,836€7,612€12,753€3,031▼ 76.2%
Financial charges65/66B€12,088€11,711€11,711€11,711€11,740▲ 0.2%
Recurring financial charges65€12,088€11,711€11,711€11,711€11,740▲ 0.2%
Profit (loss) for the period before taxes9903-€271€1,125-€4,099€1,042-€8,709▼ 936%
Profit (loss) for the period9904-€271€1,125-€4,099€1,042-€8,709▼ 936%
Profit (loss) for the period to be appropriated9905-€271€1,125-€4,099€1,042-€8,709▼ 936%
Line20212022202320242025Change
Assets
Total assets20/58€1.3m€1.3m€1.4m€1.4m€1.4m▲ 1.6%
Fixed assets21/28€537,900€537,900€537,900€548,611€546,449▼ 0.4%
Tangible fixed assets22/27€537,900€537,900€537,900€548,611€546,449▼ 0.4%
Land and buildings22€537,900€537,900€537,900€548,611€546,449▼ 0.4%
Current assets29/58€793,577€807,719€813,826€826,906€851,698▲ 3.0%
Amounts receivable after more than one year29€284,720€359,720€359,720€359,720€359,720=
Trade receivables290€284,720€0----
Other amounts receivable291-€359,720€359,720€359,720€359,720=
Amounts receivable within one year40/41€345,714€344,713€399,392€450,922€484,002▲ 7.3%
Trade receivables40€345,112€344,612€349,392€346,922€351,002▲ 1.2%
Other amounts receivable41€602€101€50,000€104,000€133,000▲ 27.9%
Cash at bank and in hand54/58€163,144€103,286€54,714€16,264€7,976▼ 51.0%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m€1.4m€1.4m€1.4m▲ 1.6%
Equity10/15€59,282€60,407€56,308€57,350€48,640▼ 15.2%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€40,718-€39,593-€43,692-€42,650-€51,360▼ 20.4%
Amounts payable17/49€1.3m€1.3m€1.3m€1.3m€1.3m▲ 2.4%
Amounts payable after more than one year17€386,850€386,850€385,000€385,000€385,000=
Financial debts170/4€386,850€386,850€385,000€385,000€385,000=
Amounts payable within one year42/48€806,728€808,194€808,701€819,901€839,690▲ 2.4%
Trade debts44€1,807€977€915€12,093€3,078▼ 74.5%
Suppliers440/4€1,807€977€915€12,093€3,078▼ 74.5%
Advances received on contracts in progress46€804,921€807,217€807,217€807,217€836,410▲ 3.6%
Taxes, remuneration and social security45--€569€591€201▼ 65.9%
Taxes450/3--€569€591€201▼ 65.9%
Accrued charges and deferred income492/3€78,617€90,167€101,717€113,267€124,817▲ 10.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€271€1,125-€4,099€1,042-€8,709▼ 936%
+ Depreciation and write-downs630---€101€2,162▲ 2,047%
Operating cash flow (approximation)-€271€1,125-€4,099€1,142-€6,547▼ 673%
Investment in fixed assets (approximation)-€0€0-€10,812€0▲ 100%
Change in cash--€59,858-€48,572-€38,450-€8,288▲ 78.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€8,709
Net result drops to -€8,709, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Back to profitnet €1,042
Net result €1,042 after one loss-making year.
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €1,125
Net result €1,125 after 3 loss-making years.
22-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
09-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
10-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Anderlecht · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
3,345 m²
Building footprint
550 m²
Volume, LiDAR
5,420 m³
Parcel 21308H0767/00A000, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Dosan
Appelboomstraat 34, 1070 AnderlechtReal estate activities
since 20112.206.030.319
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21308H0767/00A000 Brussels 3,345 m² 1 · 550 m² 13.0 m · 3 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 13,067 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded10-11-2011
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
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0840958227
Also 9925:BE0840958227
Registered 26-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.