Equity
-€7,522
Debts exceed assets in financial year 2025.
Dplus Projects
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€66 (2025)
-€66
lowest -€6,483 (2023)
-€5,552▼ €64
peak €3,517 (2023)
-€7,522▼ €5,552
€120,444▲ 4.8%
Board1 name since 2023
1 directorDEKENS Thierry Albert Jean Noël
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Loss of €5,552Equity from -€1,971 to -€7,522
Key points
from the 2025 annual accountsLosses
-€17,522 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€120,444 107% of the balance sheet
Filings
3 annual accounts 3 late
The 2025 accounts came latest: 60 days after the end of the period.
At the same address
101 companies
Position in the sector
-6.7%
Lower solvency than 88% of companies in real estate. Sector median 30.7% · 11,299 companies.
Turnover not published (abbreviated or micro format)
Checked score
51
Fair
Financially stronger than 11% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.7%▲ +0.1 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.3%▲ +0.6 percentage points vs 07-2025
09-2025: 1.7%▼ -0.6 percentage points vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.6%▼ -0.1 percentage points vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026lowest value
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 2.1%▲ +0.5 percentage points vs 07-2026
09-2026: 2.4%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 2.1%▼ -0.3 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 60 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.94, cash €306
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €112,921
Calculation
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 68, micro). It does better than 15% of them on solvency, 3% on liquidity, 23% on profitability and 2% 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as Dplus Projects has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Dplus Projects itself: 2.1% within 12 months.
Test of the method
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 1,555 companies, not a prediction for Dplus Projects. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.94 (0.98 in 2024), below 1. Short-term debt is 106.7% and cash 0.3% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€7,522
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
60 days late
2024
26 days late
2023
58 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 48 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801875838
First establishment
Livornostraat 7, Sint-Gillis (bij-Brussel)
Incorporation
Founding capital of €10,000, 1,000 shares · Founder: DEKENS Thierry Albert Jean Noël (comparant) · Appointment: DEKENS Thierry Albert Jean Noël (director) · published on 22-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Dplus Projects Sint-Gillis (bij-Brussel) | €112,921 | -€66 | -6.7% | - |
| ARDEA Woluwe-Saint-Lambert | €147,230 | -€415,316 | -555.6% | - |
| NEXT DAY CAPITAL FIFTEEN Ixelles | €115,065 | -€9,586 | -28.2% | - |
| SLS Immo Conception Leuze-en-Hainaut | €106,365 | -€9,912 | -79.1% | - |
| IMMO MOREAU Wavre | €115,368 | -€66 | -1.6% | - |
| ISHI Lokeren | €92,824 | -€1,906 | 100.0% | - |
| APK Invest Boortmeerbeek | €96,257 | -€8,681 | 94.7% | - |
These companies have the same main activity as Dplus Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €92,800 and €147,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 17-05-2023Normal situation
- Registered office
- 103 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 4 others
- Establishment unit
- 2.345.549.9711060 Sint-Gillis (bij-Brussel), since 05-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 09-07-2025
Insights on Dplus Projects
The computed 12-month bankruptcy probability of Dplus Projects is 2.1% (moderate). The 2025 annual accounts show negative equity (-€7,522) and a net result of -€5,552.
Equity has been shrinking by about 157% per year since 2023. Its solvency ranks better than 12% of 11,299 sector peers (NACE 68, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 29-09-2026, 60 days late-€66
-€465
▼ €78
-€5,552
▼ €64
-€7,522
▼ €5,552
-6.7%
▼ 4.9 percentage points
0.94
▼ 0.05
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €112,921 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-6.7%
Higher than 12% of 11,299 companies in 2025.
0.94
Higher than 42% of 10,851 companies in 2025.
-4.9%
Higher than 14% of 11,184 companies in 2025.
Dplus Projects
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
112,921 | 112,907 | 112,894 | |
29/58 |
112,921 | 112,907 | 112,894 | |
3 |
112,527 | 112,527 | 112,527 | |
30/36 |
112,527 | 112,527 | 112,527 | |
40/41 |
87 | 69 | 48 | |
41 |
87 | 69 | 48 | |
54/58 |
306 | 310 | 319 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
112,921 | 112,907 | 112,894 | |
10/15 |
-7,522 | -1,971 | 3,517 | |
10/11 |
10,000 | 10,000 | 10,000 | |
11 |
10,000 | 10,000 | 10,000 | |
1109/19 |
10,000 | 10,000 | 10,000 | |
14 |
-17,522 | -11,971 | -6,483 | |
17/49 |
120,444 | 114,878 | 109,378 | |
42/48 |
120,444 | 114,878 | 109,378 | |
44 |
66 | - | - | |
440/4 |
66 | - | - | |
47/48 |
120,378 | 114,878 | 109,378 | |
| Income statement | ||||
9900 |
-66 | - | -2,952 | |
640/8 |
400 | 387 | 384 | |
9901 |
-465 | -387 | -3,336 | |
65/66B |
5,086 | 5,100 | 3,147 | |
65 |
5,086 | 5,100 | 3,147 | |
9903 |
-5,552 | -5,487 | -6,483 | |
9904 |
-5,552 | -5,487 | -6,483 | |
9905 |
-5,552 | -5,487 | -6,483 | |
| Appropriation of the result | ||||
9906 |
-17,522 | -11,971 | -6,483 | |
14P |
-11,971 | -6,483 | - | |
| Document | ||||
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529149.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -4 | -8 | - | ||
| -7,522 | -1,971 | 3,517 | ||
| -6.7% | -1.7% | 3.1% | ||
| 0.94 | 0.98 | 1.03 | ||
| 0.00 | 0.00 | 0.00 | ||
| - | - | 31.10 | ||
| - | - | -184.4% | ||
| -4.9% | -4.9% | -5.7% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Dplus Projects
The operating result for 2025 is a loss of €465, larger than the loss of €387 in 2024.
Equity is negative. Debt (€120,444) exceeds the balance-sheet total (€112,921).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 17-05-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 29-09-2026
Mandates through the years
1 name, the dashed line is todayDEKENS Thierry Albert Jean Noël
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DEKENS Thierry Albert Jean Noël
- Director (not named in the articles), from 17-05-2023 to date
Control
Founder
This company
Dplus Projects
Equity -€7,522
Loss €5,552 in 2025
Capital
- Contribution
- €10,000
- Shares
- 1,000
- Contribution per share
- €10
- Equity per share
- -€7.52 in 2025
- Source
- deed of 22-05-2023
Articles of association
deed of 22-05-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
Shareholders
At incorporation
deed of 22-05-2023 ↗
- DEKENS Thierry Albert Jean Noël 1,000 shares (100%) · €10,000 in cash
Network & group
No group
Dplus Projects has no parent and no holdings in its annual accounts. DEKENS Thierry Albert Jean Noël is the only director. Dplus Projects shares no director with another company.
At the same address
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registered office since 03-08-2007 · founded in 2007 · negative equity (2025) |
total assets €29.5m (2025) 0891.236.196 |
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establishment since 01-10-2005 · founded in 1997 |
45 FTE (2025) 0461.423.159 |
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total assets €15.8m (2025) 0477.693.227 |
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total assets €14.9m (2025) 0685.652.121 |
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total assets €9.8m (2025) 0464.977.220 |
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total assets €8.1m (2025) 0633.834.820 |
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total assets €7.5m (2025) 0873.972.671 |
Timeline
Timeline
6 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 60 days late
2025
Annual accounts 2024 filed PDFmicro format · 26 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801875838
2024
Annual accounts 2023 filed PDFmicro format · 58 days late
2023
First establishment Livornostraat 7, Sint-Gillis (bij-Brussel)
IncorporationFounding capital of €10,000, 1,000 shares · Founder: DEKENS Thierry Albert Jean Noël (comparant) · Appointment: DEKENS Thierry Albert Jean Noël (director) · published on 22-05-20236 points ▸
- Registered office clause, Rue de Livourne 7 boîte 4, 1060 Saint-Gilles
- Board rule, 1
- Director appointment, DEKENS Thierry Albert Jean Noël (director (not named in the articles))
- Founder, DEKENS Thierry Albert Jean Noël (comparant)
- Founding capital, €10,000, 1,000 shares
- 1,000 shares
- The deed holds 4 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 17 May 2023, Dplus Projects was incorporated as a private limited company by one natural person, with a starting capital of €10,000.12 DEKENS Thierry Albert Jean Noël has served as director since 2023.3 Total assets went from €112,894 in 2023 to €112,921 in 2025.4
Company details
Identity
- Enterprise number
- 0801.875.838
- VAT number
- BE 0801.875.838
- Peppol ID
- 0208:0801875838
- Other Peppol ID
- 9925:BE0801875838
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-05-2023
- Financial year
- ends on 31 December
- Peppol
- Reachable since 09-07-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Dplus Projects in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-05-2023 (in French)
- Name clauseThe company operates under this name according to its articles.
- Dplus Projectsdeed of 22-05-2023 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 22-05-2023 (in French)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
41102
Construction of residential and non-residential buildings
68100
Real estate activities
70220
Business consulting
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’achat,la vente,le lotissement,la location,la détention,la promotion,et la mise en valeur de tous biens immeubles,ainsi que toutes…”deed of 22-05-2023 (in French)
9 activities
- L’achat,la vente,le lotissement,la location,la détention,la promotion,et la mise en valeur de tous biens immeubles,ainsi que toutes prestations de conseils et de services dans le secteur immobilier,en ce compris la gestion de projet
- La constitution et la gestion d’un patrimoine immobilier et la location-financement de biens immeubles aux tiers,l’acquisition par l’achat ou autrement,la vente,l’échange,la construction,la transformation,l’amélioration,l’équipement,l’aménagement,l’embellissement,l’entretien,la location,la prise en location,le lotissement,la prospection et l’exploitation de bien immeubles,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier,de même que se porter caution pour la bonne fin d’engagement pris par des tiers qui auraient la jouissance de ces biens immobiliers
- La consultance,le service,l’administration,le secrétariat,le management et la stratégie d’entreprise
- La formation et l’information de personnes et de sociétés,et l’organisation d’évènements
- Le commissionnement de quelque nature lors d’apports d’affaires à des tiers
- Le prêt à toutes sociétés et/ou personnes physiques et se porter caution,même hypothécairement
- La fonction d’administrateur,de gérant ou de liquidateur dans d’autres sociétés
- La gestion,la souscription,la prise ferme,le placement,l'achat,la vente la détention et la négociation d'actions,de parts sociales,d'obligations,de certificats,de créances,de capitaux et d'autres valeurs mobilières,émises par des entreprises belges ou étrangères,que ces dernières soient des entreprises commerciales,civiles ou financières,des institutions ou des associations à caractère (semi)publique ou non pour compte propre
- Acquérir ou créer tous établissements relatifs à son objet
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Livornostraat 7 registered office 1060 Sint-Gillis (bij-Brussel) | 05-06-2023 | 2.345.549.971 |
Buildings and parcels at the address
- Ground area
- 4,310 m²
- Buildings
- 692 m²
- Volume, LiDAR
- 12,598 m³
- Tallest building
- 28.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21013B0040/00C021 | 4,310 m² | 1 · 692 m² | 28.8 m · 8 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0801.875.838