Turnover
The micro format states no turnover.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 96.0% higher than in 2024.
Short-term debts fell from €10,825 to €7,820.
The 2024 accounts came latest: 27 days after the end of the period.
Higher solvency than 91% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 90% of them on solvency, 95% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
In July 2024, 39,278 companies had the same profile as Dsproject has now. Each dot stands for 99 companies, two years later.
The bankruptcy probability of Dsproject itself is lower: 0.3% within 12 months. It rests on far more data about Dsproject than the profile alone.
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 39,278 companies, not a prediction for Dsproject. 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.
Liquidity is ample, with a current ratio of 7.79 (2.99 in 2024), above the usual 1.5. Short-term debt is 12.3% and cash 79.6% of total assets. 12.3% of the assets are financed with debt and provisions.
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.
The company filed its last 4 accounts on average 14 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Dsproject Grimbergen | €63,459 | €40,205 | 87.7% | - |
| LDG CONSTRUCT Charleroi | €70,647 | €41,380 | 58.6% | - |
| EMA CONCEPT Hannut | €70,411 | €39,337 | 75.3% | - |
| ELEGA CONSTRUCTION Sint-Niklaas | €69,947 | €34,333 | 18.4% | - |
| ARTEC PISCINES ET FILS Soumagne | €74,537 | €34,228 | 70.1% | - |
| LDP Deinze | €60,548 | €32,794 | 56.9% | - |
| HVAC SERVICE TECH Tienen | €81,327 | €35,338 | 56.6% | - |
These companies have the same main activity as Dsproject: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €60,500 and €81,300, founded between 2022 and 2023.
Dsproject files the micro format. That format states no turnover. The gross margin rose from €23,638 in 2022 to €40,205 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €170,000 and €400,000.
Higher than 92% of 35,119 companies in 2025.
Higher than 91% of 34,493 companies in 2025.
Higher than 95% of 34,694 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
63,459 | 34,381 | 71,697 | 45,563 | |
21/28 |
2,534 | 2,038 | 1,778 | 750 | |
22/27 |
1,784 | 1,288 | 1,028 | - | |
23 |
1,527 | 779 | 1,028 | - | |
24 |
257 | 509 | - | - | |
28 |
750 | 750 | 750 | 750 | |
29/58 |
60,925 | 32,343 | 69,919 | 44,813 | |
40/41 |
9,124 | 18,983 | 15,777 | 29,329 | |
40 |
5,323 | 17,019 | 14,381 | 17,588 | |
41 |
3,801 | 1,963 | 1,395 | 11,741 | |
54/58 |
50,523 | 12,360 | 52,152 | 11,239 | |
490/1 |
1,278 | 1,000 | 1,990 | 4,246 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
63,459 | 34,381 | 71,697 | 45,563 | |
10/15 |
55,639 | 23,556 | 41,143 | 22,973 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
11 |
- | - | 5,000 | 5,000 | |
1109/19 |
- | - | 5,000 | 5,000 | |
14 |
50,639 | 18,556 | 36,143 | 17,973 | |
17/49 |
7,820 | 10,825 | 30,554 | 22,591 | |
42/48 |
7,820 | 10,825 | 30,554 | 22,591 | |
44 |
4,274 | 2,480 | 17,247 | 4,639 | |
440/4 |
4,274 | 2,480 | 17,247 | 4,639 | |
46 |
- | - | - | 9,419 | |
45 |
- | 5,597 | 10,090 | 4,493 | |
450/3 |
- | 5,597 | 10,090 | 4,493 | |
47/48 |
3,546 | 2,748 | 3,217 | 4,040 | |
| Income statement | |||||
9900 |
40,205 | -16,199 | 26,345 | 23,638 | |
630 |
553 | 494 | 214 | 792 | |
640/8 |
2,932 | 537 | 2,243 | 348 | |
9901 |
36,720 | -17,231 | 23,887 | 22,498 | |
65/66B |
234 | 355 | 120 | 33 | |
65 |
234 | 355 | 120 | 33 | |
9903 |
36,486 | -17,587 | 23,768 | 22,465 | |
67/77 |
4,403 | - | 5,597 | 4,493 | |
9904 |
32,083 | -17,587 | 18,170 | 17,973 | |
9905 |
32,083 | -17,587 | 18,170 | 17,973 | |
| Appropriation of the result | |||||
9906 |
50,639 | 18,556 | 36,143 | 17,973 | |
14P |
18,556 | 36,143 | 17,973 | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-08-2026.
2025 annual accounts filed 16 days after the deadline. Filed on 16 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400271.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 37,273 | -16,737 | 24,102 | 23,291 | ||
| 32,636 | -17,092 | 18,385 | 18,765 | ||
| 1,049 | 755 | 1,242 | 1,542 | ||
| 38,163 | -39,793 | 40,914 | - | ||
| 53,104 | 21,518 | 39,365 | 22,223 | ||
| 87.7% | 68.5% | 57.4% | 50.4% | ||
| 7.79 | 2.99 | 2.29 | 1.98 | ||
| 0.14 | 0.46 | 0.74 | 0.98 | ||
| 57.7% | -74.7% | 44.2% | 78.2% | ||
| 50.6% | -51.2% | 25.3% | 39.4% | ||
| over 100 | -47.08 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,049 | €755 | €1,242 | - |
| Intangible fixed assets | - | - | - | €792 |
| Financial fixed assets | - | - | - | €750 |
| €553 | €494 | €214 | €792 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €36,720, after a loss of €17,231 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total falls from 31.5% to 12.3%. Equity is higher and debt is lower.
Dsproject has no parent and no holdings in its annual accounts. PENSIS David Jean-Claude Christine is the only director. Dsproject shares no director with another company.
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| HAKY
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total assets €577,088 (2025) 0879.267.683 |
| SALOUM & CO
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| D'M RENOVE
registered office since 25-11-2021 · founded in 2021 · accounts filed late |
total assets €284,880 (2024) 0777.725.907 |
| Tio Construct
registered office since 30-09-2021 · founded in 2021 · accounts filed late |
total assets €201,883 (2024) 0774.811.155 |
| D’MB SOLAR
registered office since 07-07-2023 · founded in 2023 · accounts filed late |
total assets €144,395 (2024) 0803.744.374 |
| AZ 4 CLEAN
registered office since 05-02-2015 · founded in 2015 · negative equity (2023) · accounts filed late |
total assets €132,055 (2023) 0597.728.252 |
| LF GROUP
registered office since 25-05-2021 · founded in 2021 |
total assets €119,530 (2025) 0768.716.189 |
| MOGADIS
registered office since 25-01-2011 · founded in 2011 |
turnover €97,602 (2025) 0833.147.648 |
| Zuid-West AD
registered office since 06-02-2014 · founded in 2014 |
total assets €95,459 (2025) 0545.907.684 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 26 August 2022, Dsproject was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2026 the registered office moved to Strombeek-Bever.3 PENSIS David Jean-Claude Christine is director of the company, appointed by deed of 30-08-2022.2 Total assets went from €45,563 in 2022 to €63,459 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Romeinsesteenweg 464 registered office 1853 Grimbergen | ||
| Fabiolalaan (P.E.) 43 7850 Enghien 41001 General construction of residential buildings | 01-09-2022 | 2.356.708.832 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55033D0021/00X004 | Wallonia | 1,192 m² | 1 · 56 m² | 8.1 m · 2 |
| 23084A0514/00N002 | Flanders | 901 m² | 1 · 246 m² | 15.9 m · 4 |
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. Use the enterprise number 0790.129.336
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