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DS IMMO CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearZeedijk 69, 8660 De Panne, BelgiumKBO/BCE: BE 1018.750.121
Summary

The computed 12-month bankruptcy probability of DS IMMO CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show equity of €17,525 and a net result of €1,275. Its solvency ranks better than 50% of 9,309 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€40,408total assets 2025
Equity
€17,525
Profit
€1,275
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
2025 accounts 85 days early
Why 55raises riskFounded in 2025Size: total assets €40,408Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 0.78, cash €10,451Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 52% of its sector peers (NACE 41, micro)
Financial strength
Strong
Solvency 68
equity 43.4% of total assets
Liquidity 53
short-term debt 56.6% · cash 25.9%
Profitability 73
return on assets 3.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,431 companies, NACE 41, micro)
Last 24 months 02-2026: 3.6% 03-2026: 3.6%● unchanged vs 02-2026 04-2026: 3.8%▲ +0.2 percentage points vs 03-2026 05-2026: 4.1%▲ +0.3 percentage points vs 04-2026highest value 06-2026: 1.6%▼ -2.5 percentage points vs 05-2026lowest value 07-2026: 1.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.8%▲ +0.1 percentage points vs 07-2026 09-2026: 1.8%● unchanged vs 08-2026 10-2026: 1.7%▼ -0.1 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.78, below 1; short-term debt: 56.6% and cash: 25.9% of total assets), and 56.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 51% on solvency, 57% on liquidity and 47% on profitability.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €40,408
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 0.78, cash €10,451
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
85 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: SCHOULEUR Delphine Marie Françoise…

Financials · financial year 2025, micro format

Equity
€17,525
Total assets
€40,408
Net result
€1,275
Working capital
-€5,058

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €40,408
Fixed assets €22,583
Current assets €17,825
Equity and liabilities €40,408
Equity €17,525
Debt €22,883
Debt finances 56.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€7,321
Cash flow
€6,972
Current ratio
0.78
Debt to equity
1.31
ROE
7.3%
ROA
3.2%
Interest coverage
over 100
Debt ≤ 1 year
€22,883
Income taxes
€369

Peer companies

Historical observation

Of the 185 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 98.9% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
0.5% stopped otherwise
98.9% still going

For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 185 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 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€40,408
Fixed assets21/28€22,583
Tangible fixed assets22/27€22,583
Plant, machinery and equipment23€1,722
Furniture and vehicles24€20,861
Current assets29/58€17,825
Amounts receivable within one year40/41€7,373
Trade receivables40€7,373
Cash at bank and in hand54/58€10,451
Equity and liabilities
Total equity and liabilities10/49€40,408
Equity10/15€17,525
Contributions10/11€16,250
Profit (loss) carried forward14€1,275
Amounts payable17/49€22,883
Amounts payable within one year42/48€22,883
Trade debts44€12,581
Suppliers440/4€12,581
Taxes, remuneration and social security45€1,882
Taxes450/3€1,882
Other amounts payable47/48€8,420
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,697
Gross operating margin9900€7,321
Operating profit (loss)9901€1,624
Financial income75/76B€53
Recurring financial income75€53
Financial charges65/66B€32
Recurring financial charges65€32
Profit (loss) for the period before taxes9903€1,644
Income taxes67/77€369
Profit (loss) for the period9904€1,275
Profit (loss) for the period to be appropriated9905€1,275
Appropriation of the result
Profit (loss) to be appropriated9906€1,275

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,697
Gross operating margin9900€7,321
Operating profit (loss)9901€1,624
Financial income75/76B€53
Recurring financial income75€53
Financial charges65/66B€32
Recurring financial charges65€32
Profit (loss) for the period before taxes9903€1,644
Income taxes67/77€369
Profit (loss) for the period9904€1,275
Profit (loss) for the period to be appropriated9905€1,275
Line2025
Assets
Total assets20/58€40,408
Fixed assets21/28€22,583
Tangible fixed assets22/27€22,583
Plant, machinery and equipment23€1,722
Furniture and vehicles24€20,861
Current assets29/58€17,825
Amounts receivable within one year40/41€7,373
Trade receivables40€7,373
Cash at bank and in hand54/58€10,451
Equity and liabilities
Total equity and liabilities10/49€40,408
Equity10/15€17,525
Contributions10/11€16,250
Profit (loss) carried forward14€1,275
Amounts payable17/49€22,883
Amounts payable within one year42/48€22,883
Trade debts44€12,581
Suppliers440/4€12,581
Taxes, remuneration and social security45€1,882
Taxes450/3€1,882
Other amounts payable47/48€8,420
Line2025
Profit (loss) for the period9904€1,275
+ Depreciation and write-downs630€5,697
Operating cash flow (approximation)€6,972

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 07-05-2026 2026-00105270

Similar companies · same sector, comparable size

Of the 29,229 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,180. 11,335 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
SCHOULEUR Delphine Marie Françoise
Director (not named in the articles) · since 17-01-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
SCHOULEUR Delphine Marie Françoise
  • Director (not named in the articles), from 17-01-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 17-01-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 17-01-2025 Incorporation · €16,250 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 15 January 2025, DS IMMO CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €16,250.12 SCHOULEUR Delphine Marie Françoise has served as director of the company since 2025.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-01-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
07-05
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
17-01
Gazette deed Incorporation
Appointment: SCHOULEUR Delphine Marie Françoise (director) · Founder · Founding capital14 facts ▸
  • Incorporation, “DS IMMO CONSTRUCT” (deed in Dutch)
  • Founder, SCHOULEUR Delphine Marie Françoise (comparant)
  • Other provision, “identiteitsvaststelling comparanten, identiteitskaarten” (deed in Dutch)
  • Other provision, “bekwaamheidsverklaring comparanten, comparanten” (deed in Dutch)
  • Other provision, “toelichting en (gedeeltelijke) voorlezing akte, integraal” (deed in Dutch)
  • Founding capital, €16,250
  • Other provision, 12-10-2020
  • Bank account, “vennootschap in oprichting, BE03 1030 9650 6981” (deed in Dutch)
  • Declaration, “bevestiging deponering conform Wetboek van vennootschappen en verenigingen, deponering heeft plaatsgevonden” (deed in Dutch)
  • Capital
  • Registered office clause, “De Panne,Zeedijk,69, slechts uitwerking vanaf neerlegging ter griffie van uitgifte overeenkomstig wet” (deed in Dutch)
  • Board rule, 1, “vergadering beslist aantal bestuurders te bepalen op één” (deed in Dutch)
  • +2 further facts in this act
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded15-01-2025
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43410Roofing work
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1018750121
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1018.750.121

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, De Panne · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
1,820 m²
Building footprint
499 m²
Building volume
6,070 m³
2 parcels, Flanders, Wallonia · tallest building 30.6 m. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
DS IMMO CONSTRUCT
Rue des Cotteheustins (MOX) 4, 4280 HannutGeneral construction of residential buildings
since 2025unit no. 2.368.910.046
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
64051A0827/00R000 Wallonia 1,532 m² 1 · 275 m² -
38352E0719/00F000
ProtectedTownscape or village viewDumontwijkSource ↗
Flanders 288 m² 1 · 224 m² 30.6 m · 10
How the parcels are linked
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie,enzovoorts…” (deed in Dutch)
28 activities (deed in Dutch)
  1. Het berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie,enzovoorts
  2. Managementactiviteiten van vennootschappen en holdings: het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten
  3. Overige zakelijke dienstverlening
  4. Bouw,renovatie,herstelling aan onroerende gebouwen,dit zowel voor particulieren,overheden als voor vennootschappen
  5. Bouw en afwerking van gebouwen,ontwikkeling van bouwprojecten
  6. Bouw en afwerking van infrastructuurwerken
  7. Aanleg en onderhoud van tuinen en parken
  8. Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
  9. Projectontwikkeling voor de bouw van appartementsgebouwen
  10. Projectontwikkeling voor de bouw van kantoorgebouwen
  11. Projectontwikkeling voor de bouw of de aanleg van : commerciële,en industriële centra,hotels,industriezones en markten,jachthaven,(winter)sportcentra,enz.
  12. Projectontwikkeling voor de aanleg of renovatie van stadswijken
  13. Projectontwikkeling voor de aanleg of renovatie van tuinen en parken
  14. Algemene coördinatie werkzaamheden bouw werf,tuin werf,park- en infrastructuur werf
  15. Alle activiteiten die gelinkt met alle mogelijke werken in verband met vastgoed,zoals bijvoorbeeld elektriciteit,schrijnwerkerij,loodgieterij,dakwerken,verwarming en sanitaire,enz…
  16. Ontwikkeling en optimalisatie van productie- en studie processen
  17. Ontwikkelen en beheren van software voor diverse diensten
  18. Diverse 2D en 3D teken werken voor bouw projecten,tuin projecten,park- en infrastructuur projecten
  19. Uitbaten van congres- en evenementzalen
  20. Het verschaffen van logies voor kortstondig verblijf in vakantiehuisjes,woningen en appartementen
  21. Eet en drinkgelegenheden,zoals daar zijn restaurants en mobiele eetgelegenheden,eetgelegenheden met beperkte bediening
  22. Catering en overige eetgelegenheden
  23. Het organiseren van reizen en excursies van korte duur,regelen van reizen op maat
  24. Verkoop,verhuur en aankoop van bouw- en catering- en evenement materiaal,zoals daar zijn meubilair,planten,verlichting,speelgoed,spring kastelen,keuken inrichting en toestellen,bestek,glazen,borden,enz.
  25. Verkoop,verhuur en aankoop van rijdend materieel,type bestelwagen,personenwagen,fietsen,mobilhomes,enz.
  26. Alle verrichtingen van aankoop,verhuur en verkoop van gebouwen
  27. Het uitbouwen en beheren van een roerend en onroerend patrimonium
  28. Alle activiteiten die rechtstreeks of onrechtstreeks verband houden met de landbouw

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
DS IMMO CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bestuursorgaan kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen in België of…” (deed in Dutch)

deed of 17-01-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, één of meer bestuurders” (deed in Dutch)
“Geboekt op algemene kosten,los van representatie-,reis- en verplaatsingskosten, of mandaat bestuurder al dan niet ten kosteloze titel wordt…” (deed in Dutch)

deed of 17-01-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed
Share issue ruleHow and by whom new shares can be issued.
“Ten minste vijftien dagen, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur” (deed in Dutch)

deed of 17-01-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of June

deed of 17-01-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Op elk moment, algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Vereffenaars, bij ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)
1 more provision on this in the deed

deed of 17-01-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Aansprakelijkheid oprichters bij faillissement, faillissement binnen drie jaar na oprichting” (deed in Dutch)
Other provision: “Dagelijks bestuur alsook vertegenwoordiging wat dat bestuur aangaat, gedelegeerd bestuurder” (deed in Dutch)
Other provision: “Hernieuwbare termijn van drie jaar, controle van de vennootschap” (deed in Dutch)
Other provision: “Toegang algemene vergadering, indien enkel stemrechten geschorst mag nog deelnemen zonder stemming” (deed in Dutch)
Other provision: “Bestuurder, bij gebrek aanwezige aandeelhouder met meeste aandelen, bij pariteit oudste, zittingen processen-verbaal” (deed in Dutch)
Other provision: “Bestuursorgaan tijdens zitting, drie weken” (deed in Dutch)
Other provision: “Woonstkeuze, op zetel waar mededelingen,aanmaningen,dagvaardingen en betekeningen geldig kunnen worden gedaan” (deed in Dutch)
Other provision: “Gemeen recht, bepalingen Wetboek vennootschappen en verenigingen waarvan niet geldig afgeweken” (deed in Dutch)
4 more provisions in the deed, see the deed of 17-01-2025

deed of 17-01-2025