Turnover
≈ €230,000 estimated
The micro format states no turnover.
DVEC
Overview
Lifetime
2 annual accounts with figures on one time axispeak €162,113 (2024)
€74,941▼ 53.8%
peak €39,278 (2024)
€814▼ 97.9%
peak €45,092 (2025)
€45,092▲ 1.8%
€162,965▼ 27.1%
Board1 name since 2023
1 directorDE VOS Kenny
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €162,113 to €74,941Result from €39,278 to €814Debts from €223,405 to €162,965Cash from €83,511 to €2,832
Key points
from the 2025 annual accountsDebts
€162,965 78% of the balance sheet
Financial debts 39%Suppliers 19%Taxes and wages 9%Other 33%
Of this, €99,121 falls due within a year.
Starting capital
€5,000 100 shares
Checked score
53
Fair
Financially stronger than 30% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.9%● unchanged vs 12-2024
02-2025: 3.2%▲ +0.3 percentage points vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.3%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 3.3%● unchanged vs 04-2025highest value
06-2025: 3.3%● unchanged vs 05-2025highest value
07-2025: 1.1%▼ -2.2 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.0%▼ -0.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025lowest value
02-2026: 1.0%● unchanged vs 01-2026lowest value
03-2026: 1.0%● unchanged vs 02-2026lowest value
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 2.3%▲ +1.2 percentage points vs 06-2026
08-2026: 2.3%● unchanged vs 07-2026
09-2026: 2.3%● unchanged vs 08-2026
10-2026: 1.8%▼ -0.5 percentage points vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 0.74, cash €2,832, halved
lowers risk
Figures for financial year 2025 (filed on 15-06-2026)
Calculation
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 25, micro). It does better than 24% of them on solvency, 16% on liquidity, 36% on profitability and 42% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 2,542 companies had the same profile as DVEC has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DVEC itself: 1.8% within 12 months.
Test of the method
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 2,542 companies, not a prediction for DVEC. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.74 (0.46 in 2024), below 1. Short-term debt is 47.6% and cash 1.4% of total assets. 78.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 15-06-2026, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
46 days early
2024
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 46 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0799214078
Incorporation
Founding capital of €5,000, 100 shares · Founder: DE VOS Kenny · Appointment: DE VOS Kenny (director) · published on 08-03-2023 · Gazette deed
First establishment
Hulstbaan 127, Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DVEC Sint-Niklaas | €208,057 | €74,941 | 21.7% | - |
| S & S Steel Construct Lokeren | €209,388 | €71,337 | 42.2% | - |
| ATELIER LIZEN Ferrières | €190,537 | €63,720 | 83.2% | - |
| MONTAGE & SERVICETECHNIK HANSEN Eupen | €212,886 | €84,216 | 31.4% | - |
| T&D CONSTRUCT Ichtegem | €199,266 | €86,806 | 47.9% | - |
| EK METALS Genk | €203,870 | €82,838 | 68.9% | - |
| BUYSSE PROJECTS Staden | €231,731 | €85,569 | 31.3% | - |
These companies have the same main activity as DVEC: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €191,000 and €232,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 06-03-2023Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Establishment unit
- 2.342.474.0819112 Sint-Niklaas, since 06-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €74,941▼ 53.8%
- €814▼ 97.9%
- €45,092▲ 1.8%
- €208,057▼ 22.3%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on DVEC
The computed 12-month bankruptcy probability of DVEC is 1.8% (moderate). The 2025 annual accounts show equity of €45,092 and a net result of €814.
Its solvency ranks better than 27% of 2,343 sector peers (NACE 25, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 15-06-2026, 46 days before the deadline€74,941
▼ 53.8%
€5,117
▼ 90.7%
€814
▼ 97.9%
-€25,874
▲ €77,175
21.7%
▲ 5.1 percentage points
0.74
▲ 0.27
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 ≈ €230,000. Estimated: probably between €150,000 and €390,000.
Balance sheet
balance sheet total €208,057 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
21.7%
Higher than 27% of 2,343 companies in 2025.
0.74
Higher than 17% of 2,309 companies in 2025.
0.4%
Higher than 25% of 2,323 companies in 2025.
DVEC
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
208,057 | 267,683 | |
21/28 |
134,810 | 178,189 | |
22/27 |
133,360 | 176,739 | |
23 |
79,609 | 111,054 | |
24 |
53,751 | 65,685 | |
28 |
1,450 | 1,450 | |
29/58 |
73,247 | 89,494 | |
40/41 |
69,815 | 4,660 | |
40 |
64,283 | 171 | |
41 |
5,532 | 4,489 | |
54/58 |
2,832 | 83,511 | |
490/1 |
600 | 1,323 | |
| Balance sheet: equity and liabilities | |||
10/49 |
208,057 | 267,683 | |
10/15 |
45,092 | 44,278 | |
10/11 |
5,000 | 5,000 | |
14 |
40,092 | 39,278 | |
17/49 |
162,965 | 223,405 | |
17 |
63,844 | 30,862 | |
170/4 |
63,844 | 30,862 | |
42/48 |
99,121 | 192,542 | |
42 |
20,619 | 8,904 | |
44 |
31,128 | 37,544 | |
440/4 |
31,128 | 37,544 | |
45 |
14,632 | 13,897 | |
450/3 |
14,632 | 13,897 | |
47/48 |
32,742 | 132,197 | |
| Income statement | |||
76A |
50 | 1,250 | |
9900 |
74,941 | 162,113 | |
630 |
68,712 | 105,302 | |
640/8 |
1,113 | 430 | |
66A |
- | 1,113 | |
9901 |
5,117 | 55,268 | |
75/76B |
379 | 17 | |
75 |
379 | 17 | |
65/66B |
3,947 | 2,110 | |
65 |
3,947 | 2,110 | |
9903 |
1,548 | 53,176 | |
67/77 |
735 | 13,897 | |
9904 |
814 | 39,278 | |
9905 |
814 | 39,278 | |
| Appropriation of the result | |||
9906 |
40,092 | 39,278 | |
14P |
39,278 | - | |
| Document | |||
The notes to these accounts have 8 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 15-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2025, 1 entry, €378 awarded, €378 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 73,829 | 160,570 | ||
| 69,525 | 144,580 | ||
| 30,283 | 286,004 | ||
| -80,679 | - | ||
| -25,874 | -103,048 | ||
| 21.7% | 16.5% | ||
| 0.74 | 0.46 | ||
| 3.61 | 5.05 | ||
| 1.8% | 88.7% | ||
| 0.4% | 14.7% | ||
| 18.70 | 76.10 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €30,283 | €284,554 |
| Financial fixed assets | - | €1,450 |
| €68,712 | €105,302 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on DVEC
The operating result for 2025 is 91% lower than in 2024.
Debt's share of the balance-sheet total falls from 83.5% to 78.3%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
since 06-03-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 15-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 08-03-2023
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €451 in 2025
- Source
- deed of 08-03-2023
Articles of association
deed of 08-03-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan kan gevolmachtigden,al of niet aandeelhouders,aanstellen,alleen bijzondere en beperkte volmachten…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 20:00
Shareholders
At incorporation
deed of 08-03-2023 ↗
- DE VOS Kenny 100 shares (100%) · €5,000
Network & group
No group
DVEC has no parent and no holdings in its annual accounts. DE VOS Kenny is the only director. DVEC shares no director with another company.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 45 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0799214078
IncorporationFounding capital of €5,000, 100 shares · Founder: DE VOS Kenny · Appointment: DE VOS Kenny (director) · published on 08-03-20233 points ▸
- Founder, DE VOS Kenny
- Founding capital, €5,000, 100 shares
- Director appointment, DE VOS Kenny
- The deed holds 1 more point.
First establishment Hulstbaan 127, Sint-Niklaas
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
DVEC was incorporated on 6 March 2023 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2023, DE VOS Kenny has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0799.214.078
- VAT number
- BE 0799.214.078
- Peppol ID
- 0208:0799214078
- Other Peppol ID
- 9925:BE0799214078
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-03-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 20:00deed of 08-03-2023 (in Dutch)
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DVEC in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-03-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Hulstbaan 127, 9112 Sinaai”deed of 08-03-2023 (in Dutch)
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
43211
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Metaalconstructie,metaalbewerking en metalen schrijnwerk,alle laswerken,alle smeed- en ijzerwerk; Het uitvoeren van algemene mechaniek en…”deed of 08-03-2023 (in Dutch)
6 activities
- Metaalconstructie,metaalbewerking en metalen schrijnwerk,alle laswerken,alle smeed- en ijzerwerk
- Het uitvoeren van algemene mechaniek en het verrichten van alle mechanische onderhouds- en herstellingswerken
- Het monteren,herstellen en onderhouden van productielijnen,kanalisatie,leidingen,diverse industriële en technische installaties
- Het plaatsen en uitvoeren van elektrische installaties en elektriciteitswerken
- De verhuur van machines en materieel met en/of zonder bedieningspersoneel
- Bosbouw
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hulstbaan 127 registered office 9112 Sint-Niklaas | 06-03-2023 | 2.342.474.081 |
Buildings and parcels at the address
- Ground area
- 384 m²
- Buildings
- 144 m²
- Volume, LiDAR
- 462 m³
- Tallest building
- 8.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46019B0959/00Y003 | 384 m² | 1 · 144 m² | 8.4 m · 1 |
Invoicing and payment
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 0799.214.078