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DRL PROJECTS

Active
Private limited companyfounded 20197 yrs activeErnest Claesstraat 14, 2570 Duffel, BelgiumKBO/BCE: BE 0729.715.954
Summary

DRL PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,918 and a net result of -€1,214. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
short-term debt: 0.5% and cash: 100% of total assets, and 0.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025
Solvency, return and age of the figures
Solvency
99.5%
Return on assets
-1.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 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

DRL PROJECTS was incorporated on 3 July 2019 as a Private limited company.1 Total assets fell from EUR 539,999 in 2021 to EUR 97,418 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€96,918▼ 1.2%
2024 · €98,133
Total assets
€97,418▼ 13.2%
2024 · €112,224
Net result
-€1,214
2024 · €4,116
Working capital
€96,918▼ 1.2%
2024 · €98,113
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
Line20212022202320242025
Operating result-€6,742-€47,562€67,300▲ 41.5%€16,969▼ 74.8%-€813
Net result-€6,888-€30,547€45,358▲ 48.5%€4,116▼ 90.9%-€1,214
Equity€58,112-€78,658▲ 35.4%€94,017▲ 19.5%€98,133▲ 4.4%€96,918▼ 1.2%
Total assets€539,999-€413,364▼ 23.5%€496,069▲ 20.0%€112,224▼ 77.4%€97,418▼ 13.2%
Debt€481,887-€334,706▼ 30.5%€402,052▲ 20.1%€14,091▼ 96.5%€500▼ 96.5%
Working capital€57,853-€78,479▲ 35.7%€93,917▲ 19.7%€98,113▲ 4.5%€96,918▼ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: -€6,742-€6,742Net result 2021: -€6,888-€6,888Operating result 2022: €47,562€47,562Net result 2022: €30,547€30,547Operating result 2023: €67,300€67,300Net result 2023: €45,358€45,358Operating result 2024: €16,969€16,969Net result 2024: €4,116€4,116Operating result 2025: -€813-€813Net result 2025: -€1,214-€1,21420212022202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €67,300€67,300Net result 2023: €45,358€45,400Operating result 2024: €16,969€17,000Net result 2024: €4,116€4,120Operating result 2025: -€813-€813Net result 2025: -€1,214-€1,210202320242025
The operating result turns negative in 2025: a loss of €813 after €16,969 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €97,418
Equity €96,918 ▼ 1.2%
Debt €500 ▼ 96.5%
Debt's share of the balance-sheet total falls from 12.6% to 0.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€793▼
2024 · €17,049
Cash flow
-€1,194▼
2024 · €4,195
Debt to equity
0.01▼
2024 · 0.14
ROE
-1.3%▼
2024 · 4.2%
ROA
-1.2%▼
2024 · 3.7%
Interest coverage
-2.57▼
2024 · 1.48
Debt ≤ 1 year
€500▼
2024 · €14,091
Income taxes
€93▼
2024 · €1,372
A ratio outside any meaningful range has been withheld (balance sheet total €97,418, equity €96,918).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.4% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% 1.6%
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 3,440 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 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€112,224€97,418▼
Fixed assets21/28€20-
Tangible fixed assets22/27€20-
Plant, machinery and equipment23€20-
Current assets29/58€112,204€97,418▼
Amounts receivable within one year40/41€16,617-
Trade receivables40€9,968-
Other amounts receivable41€6,649-
Cash at bank and in hand54/58€95,587€97,418▲
Equity and liabilities
Total equity and liabilities10/49€112,224€97,418▼
Equity10/15€98,133€96,918▼
Contributions10/11€65,000€65,000=
Reserves13€33,133€31,918▼
Distributable reserves133€33,133€31,918▼
Amounts payable17/49€14,091€500▼
Amounts payable within one year42/48€14,091€500▼
Trade debts44€1,601€500▼
Suppliers440/4€1,601€500▼
Taxes, remuneration and social security45€1,372-
Taxes450/3€1,372-
Other amounts payable47/48€11,118-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80€20▼
Other operating charges640/8€582€594▲
Gross operating margin9900€17,631-€199▼
Operating profit (loss)9901€16,969-€813▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€11,482€308▼
Recurring financial charges65€11,482€308▼
Profit (loss) for the period before taxes9903€5,488-€1,122▼
Income taxes67/77€1,372€93▼
Profit (loss) for the period9904€4,116-€1,214▼
Profit (loss) for the period to be appropriated9905€4,116-€1,214▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,116-€1,214▼
Transfer from equity791/2-€1,214
Transfer to equity691/2€4,116-
To other reserves6921€4,116-

The notes to these accounts (4 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€4,463€80€80€80€20▼ 74.8%
Other operating charges640/8-€538€5,880€582€594▲ 2.0%
Gross operating margin9900-€1,395€48,179€73,260€17,631-€199▼ 101%
Operating profit (loss)9901-€6,742€47,562€67,300€16,969-€813▼ 105%
Financial income75/76B-€0€2,168€0--
Recurring financial income75€0€0€2,168€0--
Financial charges65/66B-€12,496€16,988€11,482€308▼ 97.3%
Recurring financial charges65€147€12,496€16,988€11,482€308▼ 97.3%
Profit (loss) for the period before taxes9903-€6,888€35,067€52,480€5,488-€1,122▼ 120%
Income taxes67/77-€4,520€7,122€1,372€93▼ 93.2%
Profit (loss) for the period9904-€6,888€30,547€45,358€4,116-€1,214▼ 130%
Profit (loss) for the period to be appropriated9905-€6,888€30,547€45,358€4,116-€1,214▼ 130%
Line20212022202320242025Change
Assets
Total assets20/58€539,999€413,364€496,069€112,224€97,418▼ 13.2%
Fixed assets21/28€259€179€100€20--
Tangible fixed assets22/27€259€179€100€20--
Plant, machinery and equipment23-€179€100€20--
Current assets29/58€539,740€413,185€495,969€112,204€97,418▼ 13.2%
Stocks and contracts in progress3€535,277€388,189€11,502---
Stocks30/36-€388,189€11,502---
Amounts receivable within one year40/41€1,609€1,106€2,758€16,617--
Trade receivables40-€840-€9,968--
Other amounts receivable41-€265€2,758€6,649--
Cash at bank and in hand54/58€2,855€23,891€481,709€95,587€97,418▲ 1.9%
Equity and liabilities
Total equity and liabilities10/49€539,999€413,364€496,069€112,224€97,418▼ 13.2%
Equity10/15€58,112€78,658€94,017€98,133€96,918▼ 1.2%
Contributions10/11-€65,000€65,000€65,000€65,000=
Reserves13-€13,658€29,017€33,133€31,918▼ 3.7%
Distributable reserves133-€13,658€29,017€33,133€31,918▼ 3.7%
Profit (loss) carried forward14-€6,888-----
Amounts payable17/49€481,887€334,706€402,052€14,091€500▼ 96.5%
Amounts payable within one year42/48€481,887€334,706€402,052€14,091€500▼ 96.5%
Financial debts43-€197,980----
Credit institutions430/8-€197,980----
Trade debts44€119€2,692€30,695€1,601€500▼ 68.8%
Suppliers440/4-€2,692€30,695€1,601€500▼ 68.8%
Taxes, remuneration and social security45-€4,520€7,122€1,372--
Taxes450/3-€4,520€7,122€1,372--
Other amounts payable47/48-€129,514€364,235€11,118--
Line20212022202320242025Change
Profit (loss) for the period9904-€6,888€30,547€45,358€4,116-€1,214▼ 130%
+ Depreciation and write-downs630€4,463€80€80€80€20▼ 74.8%
Operating cash flow (approximation)-€2,425€30,626€45,438€4,195-€1,194▼ 128%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash-€21,036€457,818-€386,122€1,831▲ 100%

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 31-10-2026
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Liquidity times 24current ratio 194.84
Current ratio from 7.96 to 194.84; short-term debt falls from €14,091 to €500.
2024
30-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Liquidity times 6current ratio 7.96
Current ratio from 1.23 to 7.96; short-term debt falls from €402,052 to €14,091.
2023
30-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Highest result since 2021net €45,358 ▲48.5%
Operating result €67,300, net result €45,358, both a record.
2022
31-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial Back to profitnet €30,547
Net result €30,547 after one loss-making year.
2021
28-10
NBB filing Annual accounts filed
fiscal year 2021 · 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, Duffel · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,236 m²
Building footprint
183 m²
Volume, LiDAR
1,204 m³
Parcel 12009E0159/00G002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
DRL PROJECTS
Ernest Claesstraat 14, 2570 DuffelReal estate development
since 20192.291.731.995
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12009E0159/00G002 Flanders 1,236 m² 1 · 183 m² 10.6 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DaRaLo 100%
  2. DRL PROJECTS

Highest known parent: DaRaLo. The sources do not say who stands above it.

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 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,296 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
Founded03-07-2019
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68310Real estate agency activities
Contact
E-mail bvdrlprojects@gmail.com
Phone 0495/55.71.58Duffel
E-invoicing
Reachable via Peppol
Peppol ID 0208:0729715954
Also 9925:BE0729715954
Registered 02-04-2026

Register as of 27 September 2026 · Peppol Directory

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