DRC GROUP
ActiveSummary
The computed 12-month bankruptcy probability of DRC GROUP is 1.6% (moderate). The 2024 annual accounts show equity of €22,461 and a net result of -€2,174. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 29% of 36381 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-5
Solvency52▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.67 in 2023; short-term debt: 32% and cash: 22.6% of total assets), and 72.5% 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 · 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.5%
Return on assets
-2.7%
Age of the figures
21 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
37 d early
2022
58 d late
2021
40 d early
2020
36 d early
2019
88 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 2 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
€22,461▼ 8.8%
2023 · €24,636
Total assets
€81,751▲ 35.8%
2023 · €60,203
Net result
-€2,174
2023 · €570
Working capital
€11,428▼ 28.5%
2023 · €15,991
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-€12,913€7,770€5,111▼ 34.2%€2,383▼ 53.4%€475▼ 80.1%
Net result-€13,648below the sector's middle half€6,560within the sector's middle half€4,667within the sector's middle half▼ 28.8%€570within the sector's middle half▼ 87.8%-€2,174below the sector's middle half
Equity€12,838below the sector's middle half▼ 51.5%€19,398below the sector's middle half▲ 51.1%€24,065within the sector's middle half▲ 24.1%€24,636within the sector's middle half▲ 2.4%€22,461within the sector's middle half▼ 8.8%
Total assets€57,939below the sector's middle half▼ 33.1%€43,538below the sector's middle half▼ 24.9%€59,222below the sector's middle half▲ 36.0%€60,203below the sector's middle half▲ 1.7%€81,751within the sector's middle half▲ 35.8%
Debt€45,101▼ 25.0%€24,140▼ 46.5%€35,157▲ 45.6%€35,567▲ 1.2%€59,289▲ 66.7%
Working capital-€491below the sector's middle half€6,416within the sector's middle half€14,585within the sector's middle half▲ 127%€15,991within the sector's middle half▲ 9.6%€11,428within the sector's middle half▼ 28.5%
Solvency22.2%within the sector's middle half▼ 8.4pp44.6%within the sector's middle half▲ 22.4pp40.6%within the sector's middle half▼ 3.9pp40.9%within the sector's middle half▲ 0.3pp27.5%within the sector's middle half▼ 13.4pp
Current ratio0.99below the sector's middle half▼ 0.171.27within the sector's middle half▲ 0.281.77within the sector's middle half▲ 0.511.67within the sector's middle half▼ 0.101.44within the sector's middle half▼ 0.23
Return on assets (ROA)-23.6%below the sector's middle half▼ 48.7pp15.1%within the sector's middle half▲ 38.6pp7.9%within the sector's middle half▼ 7.2pp0.9%within the sector's middle half▼ 6.9pp-2.7%below the sector's middle half▼ 3.6pp
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 fallen three years in a row; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81,751
Fixed assets
€44,123 ▲ 117%
Current assets
€37,628 ▼ 5.6%
Equity and liabilities €81,751
Equity
€22,461 ▼ 8.8%
Debt
€59,289 ▲ 66.7%
Debt's share of the balance-sheet total rises from 59.1% to 72.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,560▲
2023 · €12,019
Cash flow
€13,911▲
2023 · €10,207
Debt to equity
2.64▲
2023 · 1.44
ROE
-9.7%▼
2023 · 2.3%
Interest coverage
11.21▼
2023 · 19.40
Debt ≤ 1 year
€26,200▲
2023 · €23,879
Debt > 1 year
€33,024▲
2023 · €11,625
Income taxes
€1,517▲
2023 · €1,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% | 1.9% |
| 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 1,548 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 | - | - | €1,320 | - | €6,670 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,491 | €8,342 | €6,383 | €9,637 | €16,085 | ▲ 66.9% |
| Other operating charges640/8 | - | €7,546 | €6,710 | €4,439 | €7,047 | ▲ 58.8% |
| Non-recurring operating charges66A | - | - | - | €154 | - | - |
| Gross operating margin9900 | €333 | €23,658 | €18,205 | €16,612 | €23,607 | ▲ 42.1% |
| Operating profit (loss)9901 | -€12,913 | €7,770 | €5,111 | €2,383 | €475 | ▼ 80.1% |
| Financial income75/76B | - | €5 | €1,899 | €4 | €346 | ▲ 8,675% |
| Recurring financial income75 | €315 | €5 | €1,899 | €4 | €346 | ▲ 8,675% |
| Financial charges65/66B | - | €628 | €658 | €620 | €1,477 | ▲ 138% |
| Recurring financial charges65 | €879 | €628 | €658 | €620 | €1,477 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | -€13,477 | €7,147 | €6,353 | €1,767 | -€657 | ▼ 137% |
| Income taxes67/77 | €171 | €588 | €1,685 | €1,197 | €1,517 | ▲ 26.8% |
| Profit (loss) for the period9904 | -€13,648 | €6,560 | €4,667 | €570 | -€2,174 | ▼ 481% |
| Profit (loss) for the period to be appropriated9905 | -€13,648 | €6,560 | €4,667 | €570 | -€2,174 | ▼ 481% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,939 | €43,538 | €59,222 | €60,203 | €81,751 | ▲ 35.8% |
| Fixed assets21/28 | €19,979 | €13,039 | €25,749 | €20,333 | €44,123 | ▲ 117% |
| Tangible fixed assets22/27 | €19,979 | €13,039 | €25,749 | €20,333 | €44,123 | ▲ 117% |
| Land and buildings22 | - | €1,357 | €1,377 | €1,169 | €962 | ▼ 17.7% |
| Plant, machinery and equipment23 | - | €3,194 | €3,255 | €2,766 | €2,277 | ▼ 17.7% |
| Furniture and vehicles24 | - | €8,488 | €21,118 | €16,397 | €40,884 | ▲ 149% |
| Current assets29/58 | €37,960 | €30,499 | €33,474 | €39,871 | €37,628 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €20,899 | €16,169 | €22,696 | €21,553 | €18,350 | ▼ 14.9% |
| Trade receivables40 | - | €15,695 | €19,060 | €14,446 | €17,302 | ▲ 19.8% |
| Other amounts receivable41 | - | €475 | €3,636 | €7,108 | €1,048 | ▼ 85.3% |
| Cash at bank and in hand54/58 | €7,651 | €14,237 | €10,576 | €18,156 | €18,510 | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | €93 | €202 | €162 | €768 | ▲ 375% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,939 | €43,538 | €59,222 | €60,203 | €81,751 | ▲ 35.8% |
| Equity10/15 | €12,838 | €19,398 | €24,065 | €24,636 | €22,461 | ▼ 8.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | €4,667 | €4,667 | €4,667 | = |
| Distributable reserves133 | - | - | €4,667 | €4,667 | €4,667 | = |
| Profit (loss) carried forward14 | €6,638 | €13,198 | €13,198 | €13,768 | €11,594 | ▼ 15.8% |
| Amounts payable17/49 | €45,101 | €24,140 | €35,157 | €35,567 | €59,289 | ▲ 66.7% |
| Amounts payable after more than one year17 | €6,284 | - | €16,204 | €11,625 | €33,024 | ▲ 184% |
| Financial debts170/4 | - | - | €16,204 | €11,625 | €33,024 | ▲ 184% |
| Amounts payable within one year42/48 | €38,452 | €24,083 | €18,889 | €23,879 | €26,200 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €6,284 | €6,215 | €6,268 | €12,004 | ▲ 91.5% |
| Financial debts43 | - | €643 | €151 | €461 | €1,690 | ▲ 267% |
| Credit institutions430/8 | - | €643 | €151 | €461 | €1,690 | ▲ 267% |
| Trade debts44 | €9,887 | €7,339 | €4,643 | €5,722 | €3,355 | ▼ 41.4% |
| Suppliers440/4 | - | €7,339 | €4,643 | €5,722 | €3,355 | ▼ 41.4% |
| Taxes, remuneration and social security45 | - | €6,027 | €6,294 | €7,503 | €7,805 | ▲ 4.0% |
| Taxes450/3 | - | €6,027 | €6,294 | €7,503 | €7,805 | ▲ 4.0% |
| Other amounts payable47/48 | - | €3,790 | €1,586 | €3,926 | €1,346 | ▼ 65.7% |
| Accrued charges and deferred income492/3 | - | €57 | €64 | €64 | €66 | ▲ 3.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,648 | €6,560 | €4,667 | €570 | -€2,174 | ▼ 481% |
| + Depreciation and write-downs630 | €7,491 | €8,342 | €6,383 | €9,637 | €16,085 | ▲ 66.9% |
| Operating cash flow (approximation) | -€6,158 | €14,901 | €11,051 | €10,207 | €13,911 | ▲ 36.3% |
| Investment in fixed assets (approximation) | - | -€1,402 | -€19,093 | -€4,221 | -€39,875 | ▼ 845% |
| Change in cash | - | €6,586 | -€3,661 | €7,580 | €354 | ▼ 95.3% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,560
Net result €6,560 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€13,648
Net result drops to -€13,648, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Back to profitnet €21,745
Net result €21,745 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Asse · 1 establishment unit since 2018
Ground area
749 m²
Building footprint
96 m²
Volume, LiDAR
662 m³
Parcel 23322E0450/00H000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DRC GROUP
since 20182.271.244.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0450/00H000 | Flanders | 749 m² | 1 · 96 m² | 11.1 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.
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 3,684 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
Founded22-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686765245
Also
9925:BE0686765245
Registered
01-01-2026
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.