Equity
€3.9m ▲ 5.1%
DS CONSTRUCT has made a profit in every financial year since 2007.
DS CONSTRUCT
Lifetime
19 annual accounts with figures on one time axispeak €614,270 (2017)
-not published
peak €982,047 (2022)
€384,471▲ 17×
peak €3.9m (2025)
€3.9m▲ 5.1%
€2.9m▼ 11.2%
Board1 name since 2006
-
Documentsfilings and deeds
30-09-202661 days late
2025financial year
Turnover from €625,287 to €1.1mResult from €23,013 to €384,471Dividend €196,040Cash from €68,067 to €29,547
Key points
from the 2025 annual accountsResult
€384,471 ▲ 17×
The result rose in 2025 from €23,013 to €384,471.
Payment terms
51 days to suppliers
DS CONSTRUCT pays its suppliers 41 days later than in 2024. Customers pay 17 days earlier.
Liquidity
1.03 was 1.60 in 2024
Short-term debts rose from €1.5m to €2.1m.
Filings
19 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€384,471
Higher net result than 83% of companies in real estate. Sector median €20,526 · 5,817 companies.
Checked score
90
Excellent
Financially stronger than 69% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.4 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.03, cash €29,547, halved
Last filed accounts filed 61 days late; 1 of the last 3 accounts late
lowers risk
Size: turnover €1.1m, total assets €6.8m
Founded in 2006
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 74% of them on solvency, 31% on liquidity, 93% on profitability and 78% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 546 companies had the same profile as DS CONSTRUCT has now. Each dot stands for 2 companies, two years later.
95.2%
were still trading
4.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DS CONSTRUCT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 546 companies, not a prediction for DS CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.6 in 2024), below the usual 1.5. Short-term debt is 31.4% and cash 0.4% of total assets. 42.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
20 days early
2023
12 days early
2022
30 days late
2021
37 days early
2020
31 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Dries D’Hoore all the sharesdeed of 08-01-2024
Shares in 3 companies, including CONSTERRA and D'HOORE CONSTRUCT ALGEMENE BOUWONDERNEMING
Board & ownershipRecent changes
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · De Haan
Amendment of the articles · Legal-form change
Director in office: Dries D’Hoore · Dries D’Hoore holds all the shares · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen, Verwijderen van vrijstaande gebouwen · De Haan
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DS CONSTRUCT Zuienkerke | €1.1m | 54.1% | 57.3% | - |
| PAPYPOL Ingelmunster | €1.4m | - | 99.2% | - |
| RAKET INVEST Brussels | €1.0m | 29.5% | 57.3% | - |
| WYCIMMO Wetteren | €1.1m | 54.5% | 99.2% | - |
| OFFICE PARK ALLEUR Saint-Josse-ten-Noode | €2.4m | 26.0% | 14.4% | - |
| ELATAN Kruisem | €0.6m | 27.1% | 34.7% | - |
| IMMO RHODE Brussels | €0.5m | 18.8% | 37.2% | - |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DS CONSTRUCT: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €5.7m and €9.4m, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 20-12-2006Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Establishment unit
- 2.162.824.6388377 Zuienkerke, since 01-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Companies linked to DS CONSTRUCT
Subsidiaries and holdings
- HADRIGO50%
Insights on DS CONSTRUCT
DS CONSTRUCT has existed since 2006. The gross margin fell from €614,270 in 2017 to €190,270 in 2018.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DS CONSTRUCT
- What is the company number of DS CONSTRUCT?
- The company number of DS CONSTRUCT is 0885.831.615. The VAT number is the same number with BE in front: BE 0885.831.615.
- Where is DS CONSTRUCT based?
- The registered office is at Nieuwe Steenweg 74, 8377 Zuienkerke.Company details
- What does DS CONSTRUCT do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of DS CONSTRUCT?
- DS CONSTRUCT is a private limited company (BV).
- When was DS CONSTRUCT founded?
- DS CONSTRUCT was founded on 20-12-2006.
- Is DS CONSTRUCT still active?
- Yes, DS CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of DS CONSTRUCT?
- The turnover of DS CONSTRUCT was €1.1m in financial year 2025, according to the filed annual accounts.Financials
- Is DS CONSTRUCT profitable?
- In financial year 2025, DS CONSTRUCT made a profit of €384,471.
- Where can I find the annual accounts of DS CONSTRUCT?
- DS CONSTRUCT filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DS CONSTRUCT due?
- DS CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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