DS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of DS CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €76,410 and a net result of €26,602. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 7524 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-3
Solvency100▲+11
Growth68▲+1
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 55.24 against 33.19 in 2024; short-term debt: 1.5% and cash: 18% of total assets), and 23.7% 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.3%
Return on assets
26.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 4 filingsDeviation from the deadline
2025
49 d late
2024
54 d late
2023
29 d late
2022
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 45 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€286,986▲ 104%
2024 · €140,634
EBIT margin
9.9%▼ 6.8pp
2024 · 16.7%
Net result
€26,602▲ 83.9%
2024 · €14,468
Working capital
€79,454▲ 87.1%
2024 · €42,473
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
Line2022202320242025
Turnover€98,966-€68,714▼ 30.6%€140,634▲ 105%€286,986▲ 104%
Operating result€30,949-€2,143▼ 93.1%€23,476▲ 996%€28,469▲ 21.3%
Net result€30,253-€788▼ 97.4%€14,468▲ 1,736%€26,602▲ 83.9%
EBIT margin31.3%-3.1%▼ 28.2pp16.7%▲ 13.6pp9.9%▼ 6.8pp
Equity€34,553-€35,341▲ 2.3%€49,808▲ 40.9%€76,410▲ 53.4%
Total assets€34,919-€66,554▲ 90.6%€77,809▲ 16.9%€100,133▲ 28.7%
Debt€366-€31,213▲ 8,427%€28,001▼ 10.3%€23,723▼ 15.3%
Working capital€24,038-€30,837▲ 28.3%€42,473▲ 37.7%€79,454▲ 87.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,133
Fixed assets
€19,214 ▼ 43.5%
Current assets
€80,919 ▲ 84.8%
Equity and liabilities €100,133
Equity
€76,410 ▲ 53.4%
Debt
€23,723 ▼ 15.3%
Debt's share of the balance-sheet total falls from 36.0% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,021▲
2024 · €35,910
Cash flow
€39,154▲
2024 · €26,901
Current ratio
55.24▲
2024 · 33.19
Debt to equity
0.31▼
2024 · 0.56
ROE
34.8%▲
2024 · 29.0%
ROA
26.6%▲
2024 · 18.6%
Interest coverage
17.33▼
2024 · 18.62
Debt ≤ 1 year
€1,465▲
2024 · €1,320
Debt > 1 year
€22,258▼
2024 · €26,681
Income taxes
€1,082▼
2024 · €7,726
Staff costs
€83
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €98,966 | €68,714 | €140,634 | €286,986 | ▲ 104% |
| Goods, raw materials, services and sundry goods60/61 | €64,307 | €50,214 | €99,049 | €230,830 | ▲ 133% |
| Remuneration, social security and pensions62 | - | - | - | €83 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,595 | €10,700 | €12,434 | €12,552 | ▲ 1.0% |
| Other operating charges640/8 | €116 | €5,290 | €2,975 | €12,371 | ▲ 316% |
| Non-recurring operating charges66A | - | €368 | €2,701 | €2,681 | ▼ 0.7% |
| Gross operating margin9900 | €34,659 | €18,501 | €41,586 | €56,156 | ▲ 35.0% |
| Operating profit (loss)9901 | €30,949 | €2,143 | €23,476 | €28,469 | ▲ 21.3% |
| Financial income75/76B | - | €412 | €647 | €1,582 | ▲ 145% |
| Recurring financial income75 | - | €412 | €647 | €1,582 | ▲ 145% |
| Non-recurring financial income76B | - | €412 | - | - | - |
| Financial charges65/66B | €696 | €1,767 | €1,929 | €2,367 | ▲ 22.7% |
| Recurring financial charges65 | €44 | €1,767 | €1,929 | €2,367 | ▲ 22.7% |
| Non-recurring financial charges66B | €653 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €30,253 | €788 | €22,194 | €27,684 | ▲ 24.7% |
| Income taxes67/77 | - | - | €7,726 | €1,082 | ▼ 86.0% |
| Profit (loss) for the period9904 | €30,253 | €788 | €14,468 | €26,602 | ▲ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €30,253 | €788 | €14,468 | €26,602 | ▲ 83.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,919 | €66,554 | €77,809 | €100,133 | ▲ 28.7% |
| Fixed assets21/28 | €10,514 | €35,339 | €34,017 | €19,214 | ▼ 43.5% |
| Tangible fixed assets22/27 | €10,191 | €35,016 | €33,694 | €18,891 | ▼ 43.9% |
| Furniture and vehicles24 | €10,191 | €35,016 | €33,694 | €18,891 | ▼ 43.9% |
| Financial fixed assets28 | €323 | €323 | €323 | €323 | = |
| Current assets29/58 | €24,404 | €31,215 | €43,793 | €80,919 | ▲ 84.8% |
| Amounts receivable within one year40/41 | €18,426 | €21,314 | €35,637 | €62,870 | ▲ 76.4% |
| Trade receivables40 | €15,625 | €12,837 | €16,869 | - | - |
| Other amounts receivable41 | €2,801 | €8,477 | €18,768 | €62,870 | ▲ 235% |
| Cash at bank and in hand54/58 | €5,978 | €6,136 | €4,493 | €18,049 | ▲ 302% |
| Deferred charges and accrued income490/1 | - | €3,765 | €3,662 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,919 | €66,554 | €77,809 | €100,133 | ▲ 28.7% |
| Equity10/15 | €34,553 | €35,341 | €49,808 | €76,410 | ▲ 53.4% |
| Contributions10/11 | €4,300 | €4,300 | €4,300 | €4,300 | = |
| Profit (loss) carried forward14 | €30,253 | €31,041 | €45,508 | €72,110 | ▲ 58.5% |
| Amounts payable17/49 | €366 | €31,213 | €28,001 | €23,723 | ▼ 15.3% |
| Amounts payable after more than one year17 | - | €30,835 | €26,681 | €22,258 | ▼ 16.6% |
| Financial debts170/4 | - | €30,835 | €26,681 | €22,258 | ▼ 16.6% |
| Amounts payable within one year42/48 | €366 | €378 | €1,320 | €1,465 | ▲ 11.0% |
| Trade debts44 | €366 | €378 | €1,320 | €1,465 | ▲ 11.0% |
| Suppliers440/4 | €366 | €378 | €1,320 | €1,465 | ▲ 11.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,253 | €788 | €14,468 | €26,602 | ▲ 83.9% |
| + Depreciation and write-downs630 | €3,595 | €10,700 | €12,434 | €12,552 | ▲ 1.0% |
| Operating cash flow (approximation) | €33,848 | €11,489 | €26,901 | €39,154 | ▲ 45.5% |
| Investment in fixed assets (approximation) | - | -€35,525 | -€11,112 | €2,250 | ▲ 120% |
| Change in cash | - | €157 | -€1,643 | €13,556 | ▲ 925% |
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
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €788 ▼97.4%
Net result drops to €788, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Machelen (Brab.) · 1 establishment unit since 2021
Ground area
272 m²
Building footprint
238 m²
Volume, LiDAR
1,990 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DS CONSTRUCT
since 20212.325.243.517
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
| 23047B0046/00C004 | Flanders | 124 m² | 1 · 94 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
HENRY
BE 0473.609.527
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C & C Constructies
BE 0455.354.919
Wellen · Eq €76,422
CSOMOR ALBERT
BE 0779.243.362
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Haraa Bouw
BE 0734.509.239
Antwerpen · Eq €76,431
VDD Bouwonderneming-Enzo
BE 0694.709.446
Torhout · Eq €76,432
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,200 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
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
Contact
E-mail
dalipisamir6@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.