DURCE
ActiveSummary
DURCE has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,586 and a net result of €1,434. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 3551 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-25
Solvency30▼-1
Growth40▼-12
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.04 in 2023; short-term debt: 94.4% and cash: 22.5% of total assets), and 94.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.3%
Return on assets
0.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3551 sector peers (2024).
NBB · sector comparisonPosition among 3551 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
42 d late
2022
29 d late
2021
25 d late
2020
30 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 oldest company in Chaumont-Gistoux, Construction sector#6 company by total assets in Chaumont-Gistoux, Construction sector
Turnover
€2.1m▲ 72.4%
2023 · €1.2m
EBIT margin
0.7%▼ 2.8pp
2023 · 3.5%
Net result
€1,434▼ 94.8%
2023 · €27,503
Working capital
€53,505▲ 52.8%
2023 · €35,023
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.7m▼ 23.1%€1.6m▼ 0.4%€2.6m▲ 59.8%€1.2m▼ 53.1%€2.1m▲ 72.4%
Operating result€37,083▼ 3.6%€30,073▼ 18.9%€21,996▼ 26.9%€42,638▲ 93.8%€14,194▼ 66.7%
Net result€241below the sector's middle half▼ 96.1%€2,481within the sector's middle half▲ 931%€9,848within the sector's middle half▲ 297%€27,503within the sector's middle half▲ 179%€1,434below the sector's middle half▼ 94.8%
EBIT margin2.2%▲ 0.5pp1.8%▼ 0.4pp0.8%▼ 1.0pp3.5%▲ 2.6pp0.7%▼ 2.8pp
Equity€16,321below the sector's middle half▲ 1.5%€18,802below the sector's middle half▲ 15.2%€28,650below the sector's middle half▲ 52.4%€56,152below the sector's middle half▲ 96.0%€57,586below the sector's middle half▲ 2.6%
Total assets€1.1mwithin the sector's middle half▼ 1.8%€1.0mwithin the sector's middle half▼ 8.5%€1.1mwithin the sector's middle half▲ 9.3%€880,920within the sector's middle half▼ 21.6%€1.1mwithin the sector's middle half▲ 22.7%
Debt€1.1m▼ 1.9%€1.0m▼ 8.9%€1.1m▲ 8.5%€824,767▼ 24.6%€1.0m▲ 24.1%
Working capital€19,437▲ 0.8%€24,408▲ 25.6%-€3,019€35,023€53,505▲ 52.8%
Solvency1.5%below the sector's middle half=1.8%below the sector's middle half▲ 0.4pp2.6%below the sector's middle half▲ 0.7pp6.4%below the sector's middle half▲ 3.8pp5.3%below the sector's middle half▼ 1.0pp
Staff (FTE)2.8below the sector's middle half▼ 15.2%2below the sector's middle half▼ 28.6%2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€6,970 ▼ 68.6%
Current assets
€1.1m ▲ 25.1%
Equity and liabilities €1.1m
Equity
€57,586 ▲ 2.6%
Debt
€1.0m ▲ 24.1%
Debt's share of the balance-sheet total rises from 93.6% to 94.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,446▼
2023 · €57,890
Cash flow
€16,686▼
2023 · €42,755
Current ratio
1.05▲
2023 · 1.04
Debt to equity
17.77▲
2023 · 14.69
ROE
2.5%▼
2023 · 49.0%
ROA
0.1%▼
2023 · 3.1%
Interest coverage
2.71▼
2023 · 14.16
Debt ≤ 1 year
€1.0m▲
2023 · €823,675
Income taxes
€1,957▼
2023 · €11,087
Staff costs
€145,868▲
2023 · €131,948
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,081 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,081 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.7m | €1.6m | €2.6m | €1.2m | €2.1m | ▲ 72.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €1.5m | €2.5m | €1.1m | €1.9m | ▲ 79.3% |
| Remuneration, social security and pensions62 | - | €124,264 | €126,751 | €131,948 | €145,868 | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,985 | €2,985 | €8,342 | €15,252 | €15,252 | = |
| Other operating charges640/8 | - | €15,068 | €20,691 | €49,392 | €35,818 | ▼ 27.5% |
| Gross operating margin9900 | €209,996 | €172,390 | €177,779 | €239,230 | €211,132 | ▼ 11.7% |
| Operating profit (loss)9901 | €37,083 | €30,073 | €21,996 | €42,638 | €14,194 | ▼ 66.7% |
| Financial income75/76B | - | €221 | €1,727 | €39 | €55 | ▲ 41.3% |
| Recurring financial income75 | €114 | €221 | €1,727 | €39 | €55 | ▲ 41.3% |
| Financial charges65/66B | - | €25,737 | €9,719 | €4,088 | €10,858 | ▲ 166% |
| Recurring financial charges65 | €35,256 | €25,737 | €9,719 | €4,088 | €10,858 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €1,941 | €4,556 | €14,003 | €38,589 | €3,391 | ▼ 91.2% |
| Income taxes67/77 | €1,700 | €2,075 | €4,156 | €11,087 | €1,957 | ▼ 82.3% |
| Profit (loss) for the period9904 | €241 | €2,481 | €9,848 | €27,503 | €1,434 | ▼ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €241 | €2,481 | €9,848 | €27,503 | €1,434 | ▼ 94.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €1.1m | €880,920 | €1.1m | ▲ 22.7% |
| Fixed assets21/28 | €3,045 | €59 | €37,474 | €22,222 | €6,970 | ▼ 68.6% |
| Tangible fixed assets22/27 | €2,985 | - | €37,414 | €22,162 | €6,910 | ▼ 68.8% |
| Plant, machinery and equipment23 | - | - | €2,856 | €1,904 | €952 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €34,558 | €20,258 | €5,958 | ▼ 70.6% |
| Financial fixed assets28 | €59 | €59 | €59 | €59 | €59 | = |
| Current assets29/58 | €1.1m | €1.0m | €1.1m | €858,698 | €1.1m | ▲ 25.1% |
| Amounts receivable within one year40/41 | €1.1m | €1.0m | €990,817 | €589,556 | €824,433 | ▲ 39.8% |
| Trade receivables40 | - | €1.0m | €876,163 | €384,540 | €559,417 | ▲ 45.5% |
| Other amounts receivable41 | - | €1,579 | €114,654 | €205,016 | €265,016 | ▲ 29.3% |
| Cash at bank and in hand54/58 | €266 | €266 | €91,438 | €269,141 | €243,517 | ▼ 9.5% |
| Deferred charges and accrued income490/1 | - | €3,435 | €3,435 | - | €6,259 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.1m | €880,920 | €1.1m | ▲ 22.7% |
| Equity10/15 | €16,321 | €18,802 | €28,650 | €56,152 | €57,586 | ▲ 2.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €20,451 | ▲ 10.0% |
| Capital10 | - | €18,592 | €18,592 | €18,592 | - | - |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €2,851 | €2,851 | €2,851 | €2,851 | €992 | ▼ 65.2% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | - | - |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | - | - |
| Tax-exempt reserves132 | - | €992 | €992 | €992 | €992 | = |
| Profit (loss) carried forward14 | -€5,122 | -€2,641 | €7,207 | €34,709 | €36,143 | ▲ 4.1% |
| Amounts payable17/49 | €1.1m | €1.0m | €1.1m | €824,767 | €1.0m | ▲ 24.1% |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €1.1m | €823,675 | €1.0m | ▲ 23.9% |
| Financial debts43 | - | €37,515 | €19 | - | - | - |
| Credit institutions430/8 | - | €37,515 | €19 | - | - | - |
| Trade debts44 | €653,512 | €650,928 | €785,010 | €452,335 | €631,213 | ▲ 39.5% |
| Suppliers440/4 | - | €650,928 | €785,010 | €452,335 | €631,213 | ▲ 39.5% |
| Advances received on contracts in progress46 | - | - | €4,191 | - | - | - |
| Taxes, remuneration and social security45 | - | €16,343 | €21,884 | €65,722 | €87,773 | ▲ 33.6% |
| Taxes450/3 | - | €8,285 | €12,179 | €58,225 | €80,963 | ▲ 39.1% |
| Remuneration and social security454/9 | - | €8,058 | €9,705 | €7,497 | €6,810 | ▼ 9.2% |
| Other amounts payable47/48 | - | €298,154 | €277,603 | €305,618 | €301,718 | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | €5,665 | €5,805 | €1,092 | €2,889 | ▲ 164% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €241 | €2,481 | €9,848 | €27,503 | €1,434 | ▼ 94.8% |
| + Depreciation and write-downs630 | €2,985 | €2,985 | €8,342 | €15,252 | €15,252 | = |
| Operating cash flow (approximation) | €3,226 | €5,466 | €18,189 | €42,755 | €16,686 | ▼ 61.0% |
| Investment in fixed assets (approximation) | - | €0 | -€45,756 | €0 | €0 | - |
| Change in cash | - | €0 | €91,172 | €177,704 | -€25,624 | ▼ 114% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Highest result since 2018net €27,503 ▲179%
Operating result €42,638, net result €27,503, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €241 ▼96.1%
Net result drops to €241, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 10 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 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, Chaumont-Gistoux · 2 establishment units since 1982
Ground area
4,088 m²
Building footprint
461 m²
Volume, LiDAR
2,075 m³
3 parcels, Flanders, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Beukenstraat 102, 1630 Linkebeek
since 19822.020.603.337
Rue de Flostoy, Schaltin 3, 5364 Hamois
since 19822.020.603.436
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0030/00P000 | Flanders | 2,009 m² | 1 · 201 m² | 7.8 m · 2 fl. |
| 25018E0329/00V002 | Wallonia | 1,866 m² | 1 · 217 m² | 7.5 m · 2 fl. |
| 91116B0693/00H000 | Wallonia | 214 m² | 1 · 43 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 3,000 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
Founded02-04-1982
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422645034
Also
9925:BE0422645034
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.