DS CONSTRUCT
InactiveDS CONSTRUCT was declared bankrupt on 09-10-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 30-03-2026, published in the Belgian State Gazette on 02-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 02-06-2022, 59 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
59 d early
2020
25 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€69k▲ 192%
2020 · €24k
2018: €418
2019: €4k
2020: €24k
2018 → 2021
Total assets
€513k▲ 37.0%
2020 · €375k
2018: €17k
2019: €140k
2020: €375k
2018 → 2021
Net result
€45k▲ 134%
2020 · €19k
2018: €417
2019: €4k
2020: €19k
2018 → 2021
Working capital
€266k▲ 92.5%
2020 · €138k
2018: €-5k
2019: €5k
2020: €138k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€418-€4k▲ 916%€24k▲ 457%€69k▲ 192%
Operating result€862-€5k▲ 464%€26k▲ 442%€65k▲ 148%
Net result€417-€4k▲ 818%€19k▲ 407%€45k▲ 134%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 148% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €513k
Fixed assets
€14k ▼ 34.1%
Current assets
€499k ▲ 41.3%
Equity and liabilities €513k
Equity
€69k ▲ 192%
Debt
€444k ▲ 26.5%
Debt's share of the balance-sheet total falls from 93.7% to 86.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▲
2020 · €32k
Cash flow
€49k▲
2020 · €25k
Current ratio
2.14▲
2020 · 1.64
Quick ratio
1.09▲
2020 · 1.03
Debt to equity
6.43▲
2020 · 5.74
ROE
65.7%▼
2020 · 82.1%
ROA
8.8%▲
2020 · 5.2%
Interest coverage
9.86
Debt ≤ 1 year
€233k▲
2020 · €215k
Debt > 1 year
€10k▼
2020 · €136k
Income taxes
€13k▲
2020 · €7k
Staff costs
€58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 53 lines
Balance sheet
Code20202021
Assets
Total assets20/58€375k€513k▲
Fixed assets21/28€21k€14k▼
Intangible fixed assets21€1k€260▼
Tangible fixed assets22/27€18k€12k▼
Plant, machinery and equipment23-€11k
Furniture and vehicles24-€215
Financial fixed assets28€2k€2k=
Current assets29/58€353k€499k▲
Stocks and contracts in progress3€131k€246k▲
Stocks30/36-€131k
Contracts in progress37-€115k
Amounts receivable within one year40/41€146k€172k▲
Trade receivables40-€122k
Other amounts receivable41-€50k
Cash at bank and in hand54/58€47k€76k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€375k€513k▲
Equity10/15€24k€69k▲
Contributions10/11-€1
Reserves13€24k€69k▲
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Distributable reserves133-€68k
Amounts payable17/49€351k€444k▲
Amounts payable after more than one year17€136k€10k▼
Financial debts170/4-€10k
Amounts payable within one year42/48€215k€233k▲
Current portion of amounts payable after more than one year42-€199k
Trade debts44€184k€5k▼
Suppliers440/4-€5k
Taxes, remuneration and social security45-€10k
Taxes450/3-€6k
Remuneration and social security454/9-€4k
Other amounts payable47/48-€19k
Accrued charges and deferred income492/3-€201k
Income statement
Code20202021
Remuneration, social security and pensions62-€58k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8-€3k
Non-recurring operating charges66A-€994
Gross operating margin9900€78k€130k▲
Operating profit (loss)9901€26k€65k▲
Financial income75/76B-€17
Recurring financial income75€2k€17▼
Financial charges65/66B-€7k
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€27k€58k▲
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€19k€45k▲
Profit (loss) for the period to be appropriated9905€19k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€45k
Transfer to equity691/2-€45k
To other reserves6921-€45k
Social balance
Average headcount (FTE)9087-1.4
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · DS CONSTRUCT BV KEIBERG 6, 9340 LEDE · event 30-03-2026
2023
13-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · DS CONSTRUCT BV KEIBERG 6, 9340 LEDE · event 09-10-2023
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €45k ▲134%
Operating result €65k, net result €45k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALBERT COPPENS HOEZEKOUTERDREEF 43,
9300 AALST |
09-10-2023 → 30-03-2026 |
| Curator | CAROLINE TALLOEN HOEZEKOUTERDREEF 43, 9300 AALST |
09-10-2023 → 30-03-2026 |