DR-CONSTRUCT
ActiveSummary
DR-CONSTRUCT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95,536 and a net result of €19,654. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-14
Solvency92▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.84 in 2023; short-term debt: 33.2% and cash: 0% of total assets), and 33.2% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €95,536
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
234 d late
2021
78 d late
2020
58 d late
2019
122 d late
← 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 92 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€95,536▲ 25.9%
2023 · €75,882
Total assets
€142,916▲ 4.6%
2023 · €136,672
Net result
€19,654▼ 58.9%
2023 · €47,851
Working capital
€55,169▲ 41.8%
2023 · €38,893
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€37,254€3,601▼ 90.3%€27,191▲ 655%€58,501▲ 115%€38,513▼ 34.2%
Net result€25,670€2,837▼ 88.9%€25,517▲ 799%€47,851▲ 87.5%€19,654▼ 58.9%
Equity-€323▲ 98.8%€2,514€28,031▲ 1,015%€75,882▲ 171%€95,536▲ 25.9%
Total assets€64,916▼ 30.1%€107,181▲ 65.1%€98,287▼ 8.3%€136,672▲ 39.1%€142,916▲ 4.6%
Debt€65,239▼ 45.1%€104,667▲ 60.4%€70,255▼ 32.9%€60,790▼ 13.5%€47,381▼ 22.1%
Working capital-€15,535▲ 68.0%-€36,410▼ 134%-€8,196▲ 77.5%€38,893€55,169▲ 41.8%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142,916
Fixed assets
€40,367 ▼ 21.5%
Current assets
€102,550 ▲ 20.3%
Equity and liabilities €142,916
Equity
€95,536 ▲ 25.9%
Debt
€47,381 ▼ 22.1%
Debt's share of the balance-sheet total falls from 44.5% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,516▼
2023 · €74,666
Cash flow
€36,656▼
2023 · €64,016
Current ratio
2.16▲
2023 · 1.84
Debt to equity
0.50▼
2023 · 0.80
ROE
20.6%▼
2023 · 63.1%
ROA
13.8%▼
2023 · 35.0%
Interest coverage
25.44▼
2023 · 41.57
Debt ≤ 1 year
€47,381▲
2023 · €46,369
Debt > 1 year
€0▼
2023 · €12,811
Income taxes
€20,328▲
2023 · €8,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,075 | €11,920 | €16,444 | €16,165 | €17,003 | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21,698 | €0 | - | - | - |
| Other operating charges640/8 | - | €8,896 | €12,969 | €5,891 | €2,112 | ▼ 64.2% |
| Gross operating margin9900 | €49,085 | €46,115 | €56,604 | €80,557 | €57,628 | ▼ 28.5% |
| Operating profit (loss)9901 | €37,254 | €3,601 | €27,191 | €58,501 | €38,513 | ▼ 34.2% |
| Financial income75/76B | - | €121 | €353 | €62 | €3,650 | ▲ 5,790% |
| Recurring financial income75 | €105 | €121 | €353 | €62 | €3,650 | ▲ 5,790% |
| Financial charges65/66B | - | €885 | €2,431 | €1,796 | €2,182 | ▲ 21.5% |
| Recurring financial charges65 | €5,078 | €885 | €2,431 | €1,796 | €2,182 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | €32,281 | €2,837 | €25,113 | €56,767 | €39,981 | ▼ 29.6% |
| Income taxes67/77 | €6,611 | €0 | -€405 | €8,916 | €20,328 | ▲ 128% |
| Profit (loss) for the period9904 | €25,670 | €2,837 | €25,517 | €47,851 | €19,654 | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €25,670 | €2,837 | €25,517 | €47,851 | €19,654 | ▼ 58.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,916 | €107,181 | €98,287 | €136,672 | €142,916 | ▲ 4.6% |
| Fixed assets21/28 | €15,212 | €79,342 | €64,827 | €51,409 | €40,367 | ▼ 21.5% |
| Tangible fixed assets22/27 | €12,317 | €76,447 | €61,932 | €48,514 | €37,472 | ▼ 22.8% |
| Plant, machinery and equipment23 | - | €0 | €1,155 | €2,717 | €4,492 | ▲ 65.3% |
| Furniture and vehicles24 | - | €76,447 | €60,778 | €45,797 | €32,980 | ▼ 28.0% |
| Financial fixed assets28 | €2,895 | €2,895 | €2,895 | €2,895 | €2,895 | = |
| Current assets29/58 | €49,704 | €27,839 | €33,459 | €85,263 | €102,550 | ▲ 20.3% |
| Amounts receivable within one year40/41 | €49,704 | €21,608 | €22,404 | €77,788 | €102,182 | ▲ 31.4% |
| Trade receivables40 | - | €20,857 | €20,668 | €50,672 | €19,553 | ▼ 61.4% |
| Other amounts receivable41 | - | €750 | €1,737 | €27,116 | €82,630 | ▲ 205% |
| Cash at bank and in hand54/58 | €0 | €5,443 | €10,004 | €6,534 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €789 | €1,051 | €941 | €368 | ▼ 60.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,916 | €107,181 | €98,287 | €136,672 | €142,916 | ▲ 4.6% |
| Equity10/15 | -€323 | €2,514 | €28,031 | €75,882 | €95,536 | ▲ 25.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €57,282 | €76,936 | ▲ 34.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €55,422 | €75,076 | ▲ 35.5% |
| Profit (loss) carried forward14 | -€20,783 | -€17,946 | €7,571 | €0 | - | - |
| Amounts payable17/49 | €65,239 | €104,667 | €70,255 | €60,790 | €47,381 | ▼ 22.1% |
| Amounts payable after more than one year17 | - | €40,418 | €26,613 | €12,811 | €0 | ▼ 100% |
| Financial debts170/4 | - | €40,418 | €26,613 | €12,811 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €65,239 | €64,249 | €41,655 | €46,369 | €47,381 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €12,674 | €13,804 | €13,803 | €11,887 | ▼ 13.9% |
| Financial debts43 | - | €0 | - | €1,502 | €2,152 | ▲ 43.3% |
| Credit institutions430/8 | - | €0 | - | €1,502 | €2,152 | ▲ 43.3% |
| Trade debts44 | €26,675 | €20,609 | €10,647 | €9,803 | €4,743 | ▼ 51.6% |
| Suppliers440/4 | - | €20,609 | €10,647 | €9,803 | €4,743 | ▼ 51.6% |
| Taxes, remuneration and social security45 | - | €6,732 | €3,887 | €21,262 | €28,599 | ▲ 34.5% |
| Taxes450/3 | - | €6,732 | €3,887 | €21,262 | €28,599 | ▲ 34.5% |
| Other amounts payable47/48 | - | €24,235 | €13,317 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,987 | €1,610 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,670 | €2,837 | €25,517 | €47,851 | €19,654 | ▼ 58.9% |
| + Depreciation and write-downs630 | €10,075 | €11,920 | €16,444 | €16,165 | €17,003 | ▲ 5.2% |
| Operating cash flow (approximation) | €35,744 | €14,757 | €41,961 | €64,016 | €36,656 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | -€76,050 | -€1,929 | -€2,747 | -€5,960 | ▼ 117% |
| Change in cash | - | €5,443 | €4,562 | -€3,470 | -€6,534 | ▼ 88.3% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 234 days late
2023
31-12
Financial
Highest result since 2018net €47,851 ▲87.5%
Operating result €58,501, net result €47,851, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.84
Current ratio from 0.80 to 1.84.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Back to profitnet €25,670
Net result €25,670 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 405 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 751 days late
2019
31-12
Financial
Weakest financial yearnet -€67,910
Net result drops to -€67,910, the lowest in the series; recovery starts the following year.
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 165 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brussel · 1 establishment unit since 1998
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
DR-CONSTRUCT
since 19982.085.138.427
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 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.
Similar companies · same sector, comparable size
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EUROPRO BELGIUM
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Fair-Play Construct
BE 0756.510.126
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IPK
BE 0749.635.794
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,247 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
Founded31-10-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
43240Other construction installation
43342Specialised construction activities
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461791264
Also
9925:BE0461791264
Registered
05-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.