Equity
DVA Construct paid out €58,000 in dividends. That is 40% of the 2025 profit.
DVA Construct paid out €58,000 in dividends. That is 40% of the 2025 profit.
The result rose in 2025 from €29,086 to €146,649.
The micro format states no turnover.
Debts rose by €98,790 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
The 2019 accounts came latest: 87 days after the end of the period.
Higher net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 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 55% of them on solvency, 74% on liquidity, 92% on profitability and 85% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 17,811 companies had the same profile as DVA Construct has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of DVA Construct itself: 0.2% within 12 months.
The method was tested on the 497,448 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 17,811 companies, not a prediction for DVA 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.
Liquidity is ample, with a current ratio of 1.92 (1.79 in 2024), above the usual 1.5. Short-term debt is 48.9% and cash 50.1% of total assets. 48.9% 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 7 accounts on average 39 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 | ||||
|---|---|---|---|---|
| DVA Construct Anderlecht | €465,365 | €254,487 | 51.1% | - |
| FLATEX Schaerbeek | €462,737 | €233,613 | 8.9% | - |
| DECAIGNY LOCATION Beloeil | €459,980 | €273,290 | 16.0% | - |
| Rêve de luxe Rotselaar | €502,882 | €246,646 | 39.3% | - |
| ERMIBOUW Sint-Pieters-Leeuw | €380,420 | €240,118 | 49.5% | - |
| PACA CONSTRUCT Sint-Genesius-Rode | €530,246 | €226,659 | 49.0% | 2.7 |
| OBR Service Geel | €466,477 | €297,577 | 69.3% | - |
These companies have the same main activity as DVA Construct: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €380,000 and €530,000, founded between 2015 and 2017.
DVA Construct files the micro format. That format states no turnover. The gross margin rose from €93,011 in 2017 to €254,487 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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