DV-TEC
ActiveSummary
DV-TEC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €471,981 and a net result of €147,422. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+7
Solvency80▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.2 in 2023; short-term debt: 40.1% and cash: 14.8% of total assets), and 45.4% of the assets are financed with debt.
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Signals
Three 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
5 d early
2022
45 d early
2021
58 d early
2020
24 d late
2019
35 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 3 days before 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, abbreviated schema
Equity
€471,981▲ 22.7%
2023 · €384,559
Total assets
€864,328▲ 14.3%
2023 · €756,301
Net result
€147,422▲ 65.8%
2023 · €88,922
Working capital
€26,346▼ 56.8%
2023 · €61,043
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
Operating result€21,728€40,952▲ 88.5%€61,519▲ 50.2%€114,799▲ 86.6%€188,238▲ 64.0%
Net result€17,468within the sector's middle half▲ 984%€18,111within the sector's middle half▲ 3.7%€48,158within the sector's middle half▲ 166%€88,922within the sector's middle half▲ 84.6%€147,422above the sector's middle half▲ 65.8%
Equity€319,368within the sector's middle half▲ 5.8%€317,479within the sector's middle half▼ 0.6%€335,637within the sector's middle half▲ 5.7%€384,559within the sector's middle half▲ 14.6%€471,981within the sector's middle half▲ 22.7%
Total assets€624,558within the sector's middle half▼ 14.5%€632,002within the sector's middle half▲ 1.2%€710,059within the sector's middle half▲ 12.4%€756,301within the sector's middle half▲ 6.5%€864,328within the sector's middle half▲ 14.3%
Debt€305,189▼ 28.9%€314,523▲ 3.1%€374,422▲ 19.0%€371,742▼ 0.7%€392,348▲ 5.5%
Working capital-€14,067below the sector's middle half▲ 56.8%-€39,165below the sector's middle half▼ 178%-€17,866below the sector's middle half▲ 54.4%€61,043within the sector's middle half€26,346below the sector's middle half▼ 56.8%
Solvency51.1%within the sector's middle half▲ 9.8pp50.2%within the sector's middle half▼ 0.9pp47.3%within the sector's middle half▼ 3.0pp50.8%within the sector's middle half▲ 3.6pp54.6%within the sector's middle half▲ 3.8pp
Current ratio0.95below the sector's middle half▲ 0.030.86below the sector's middle half▼ 0.080.95below the sector's middle half▲ 0.091.20within the sector's middle half▲ 0.251.08below the sector's middle half▼ 0.12
Return on assets (ROA)2.8%within the sector's middle half▲ 2.6pp2.9%within the sector's middle half▲ 0.1pp6.8%within the sector's middle half▲ 3.9pp11.8%within the sector's middle half▲ 5.0pp17.1%above the sector's middle half▲ 5.3pp
Staff (FTE)6within the sector's middle half▲ 1.7%6within the sector's middle half=6within the sector's middle half=5.8within the sector's middle half▼ 3.3%5.7within the sector's middle half▼ 1.7%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 64% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €864,328
Fixed assets
€491,809 ▲ 27.8%
Current assets
€372,519 ▲ 0.2%
Equity and liabilities €864,328
Equity
€471,981 ▲ 22.7%
Debt
€392,348 ▲ 5.5%
Debt's share of the balance-sheet total falls from 49.2% to 45.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€227,458▲
2023 · €135,909
Cash flow
€186,642▲
2023 · €110,031
Quick ratio
0.98▼
2023 · 1.01
Debt to equity
0.83▼
2023 · 0.97
ROE
31.2%▲
2023 · 23.1%
Interest coverage
92.48▲
2023 · 34.66
Debt ≤ 1 year
€346,173▲
2023 · €310,571
Debt > 1 year
€46,174▼
2023 · €61,171
Income taxes
€46,982▲
2023 · €31,593
Staff costs
€379,048▲
2023 · €368,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,801 | €7,040 | - | €8,000 | - |
| Remuneration, social security and pensions62 | - | €327,272 | €351,902 | €368,156 | €379,048 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,204 | €29,799 | €27,946 | €21,110 | €39,220 | ▲ 85.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €600 | - |
| Other operating charges640/8 | - | €9,835 | €9,000 | €17,089 | €10,959 | ▼ 35.9% |
| Non-recurring operating charges66A | - | - | - | - | €620 | - |
| Gross operating margin9900 | €391,109 | €407,859 | €450,367 | €521,154 | €618,685 | ▲ 18.7% |
| Operating profit (loss)9901 | €21,728 | €40,952 | €61,519 | €114,799 | €188,238 | ▲ 64.0% |
| Financial income75/76B | - | €6,499 | €6,226 | €9,638 | €8,625 | ▼ 10.5% |
| Recurring financial income75 | €5,933 | €6,499 | €6,226 | €9,638 | €8,625 | ▼ 10.5% |
| Financial charges65/66B | - | €6,583 | €1,232 | €3,922 | €2,460 | ▼ 37.3% |
| Recurring financial charges65 | €5,343 | €6,583 | €1,232 | €3,922 | €2,460 | ▼ 37.3% |
| Profit (loss) for the period before taxes9903 | €22,318 | €40,868 | €66,513 | €120,515 | €194,404 | ▲ 61.3% |
| Income taxes67/77 | €4,850 | €22,757 | €18,356 | €31,593 | €46,982 | ▲ 48.7% |
| Profit (loss) for the period9904 | €17,468 | €18,111 | €48,158 | €88,922 | €147,422 | ▲ 65.8% |
| Transfer from tax-exempt reserves789 | - | €82,497 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €25,260 | €61,045 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €17,468 | €100,608 | €48,158 | €63,662 | €86,377 | ▲ 35.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €624,558 | €632,002 | €710,059 | €756,301 | €864,328 | ▲ 14.3% |
| Fixed assets21/28 | €374,139 | €384,674 | €363,437 | €384,687 | €491,809 | ▲ 27.8% |
| Tangible fixed assets22/27 | €373,069 | €384,404 | €363,167 | €384,417 | €491,539 | ▲ 27.9% |
| Land and buildings22 | - | €340,954 | €328,165 | €316,335 | €305,422 | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €21,785 | €23,752 | €60,558 | €182,320 | ▲ 201% |
| Furniture and vehicles24 | - | €21,665 | €11,249 | €7,523 | €3,797 | ▼ 49.5% |
| Financial fixed assets28 | €1,070 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €250,418 | €247,328 | €346,623 | €371,614 | €372,519 | ▲ 0.2% |
| Stocks and contracts in progress3 | €93,074 | €71,441 | €65,310 | €58,659 | €32,008 | ▼ 45.4% |
| Stocks30/36 | - | €71,441 | €65,310 | €58,659 | €32,008 | ▼ 45.4% |
| Amounts receivable within one year40/41 | €136,630 | €122,159 | €157,756 | €216,467 | €210,552 | ▼ 2.7% |
| Trade receivables40 | - | €116,441 | €151,346 | €108,343 | €60,010 | ▼ 44.6% |
| Other amounts receivable41 | - | €5,718 | €6,411 | €108,124 | €150,542 | ▲ 39.2% |
| Cash at bank and in hand54/58 | €20,275 | €53,278 | €120,244 | €94,397 | €127,783 | ▲ 35.4% |
| Deferred charges and accrued income490/1 | - | €450 | €3,312 | €2,092 | €2,176 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €624,558 | €632,002 | €710,059 | €756,301 | €864,328 | ▲ 14.3% |
| Equity10/15 | €319,368 | €317,479 | €335,637 | €384,559 | €471,981 | ▲ 22.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €170,313 | €170,313 | €170,313 | €170,313 | = |
| Reserves13 | €130,456 | €128,567 | €146,725 | €195,646 | €283,068 | ▲ 44.7% |
| Non-distributable reserves130/1 | - | €2,069 | €2,069 | €2,069 | €2,069 | = |
| Reserves not available under the articles1311 | - | €2,069 | €2,069 | €2,069 | €2,069 | = |
| Tax-exempt reserves132 | - | - | - | €25,260 | €86,305 | ▲ 242% |
| Distributable reserves133 | - | €126,497 | €144,655 | €168,317 | €194,693 | ▲ 15.7% |
| Profit (loss) carried forward14 | €9,152 | - | - | - | €0 | - |
| Amounts payable17/49 | €305,189 | €314,523 | €374,422 | €371,742 | €392,348 | ▲ 5.5% |
| Amounts payable after more than one year17 | €40,635 | €28,030 | €9,933 | €61,171 | €46,174 | ▼ 24.5% |
| Financial debts170/4 | - | €28,030 | €9,933 | €61,171 | €46,174 | ▼ 24.5% |
| Amounts payable within one year42/48 | €264,485 | €286,493 | €364,489 | €310,571 | €346,173 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | €26,944 | €18,097 | €9,538 | €14,996 | ▲ 57.2% |
| Financial debts43 | - | - | - | €14,224 | - | - |
| Other loans439 | - | - | - | €14,224 | - | - |
| Trade debts44 | €56,522 | €86,093 | €134,695 | €73,917 | €63,868 | ▼ 13.6% |
| Suppliers440/4 | - | €86,093 | €134,695 | €73,917 | €63,868 | ▼ 13.6% |
| Advances received on contracts in progress46 | - | €102,985 | €147,366 | €152,085 | €150,403 | ▼ 1.1% |
| Taxes, remuneration and social security45 | - | €43,539 | €14,331 | €20,807 | €16,906 | ▼ 18.8% |
| Taxes450/3 | - | €23,942 | €4,390 | €10,589 | €6,517 | ▼ 38.5% |
| Remuneration and social security454/9 | - | €19,598 | €9,941 | €10,218 | €10,388 | ▲ 1.7% |
| Other amounts payable47/48 | - | €26,931 | €50,000 | €40,000 | €100,000 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,468 | €18,111 | €48,158 | €88,922 | €147,422 | ▲ 65.8% |
| + Depreciation and write-downs630 | €31,204 | €29,799 | €27,946 | €21,110 | €39,220 | ▲ 85.8% |
| Operating cash flow (approximation) | €48,671 | €47,910 | €76,104 | €110,031 | €186,642 | ▲ 69.6% |
| Investment in fixed assets (approximation) | - | -€40,335 | -€6,709 | -€42,360 | -€146,342 | ▼ 245% |
| Change in cash | - | €33,003 | €66,966 | -€25,847 | €33,386 | ▲ 229% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €147,422 ▲65.8%
Operating result €188,238, net result €147,422, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
31-12
Financial
Weakest financial yearnet €1,612 ▼97.7%
Net result drops to €1,612, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 1998
Ground area
2,637 m²
Building footprint
1,471 m²
Volume, LiDAR
9,224 m³
Parcel 34016C1052/00B000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DV-tec
since 19982.088.787.607
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C1052/00B000 | Flanders | 2,637 m² | 1 · 1,471 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- SV-HOLD
- DV-TEC
Highest known parent: SV-HOLD. The sources do not say who stands above it.
Owners 1
- SV-HOLDparentSourceaccounts SV-HOLD 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 343 EUR awarded · 554 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 153 EUR | 153 EUR |
| 2023 | 1 | 160 EUR | 401 EUR |
| 2022 | 1 | 30 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesDV-TEC BV27763
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,094 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 (pre-2019)
Founded01-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464195676
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.