DVS-CONSTRUCT
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of DVS-CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show negative equity (-€67,785) and a net result of -€20,228. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 2,790 sector peers (NACE 41, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 05-03-2004 Normal situation
- Legal form
- Private limited company
- Registered office
- Germinal 71, 9600 Ronse
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.136.678.188 9600 Ronse, since 01-03-2004
- Financial year end
- 31 March
- Peppol
- Reachable since 18-09-2026
Board and ownership
- ATO INVESTDirector · since 14-10-2014 · permanent representative Scherlynck Olivier
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
- Gross margin
- -€11,472
- Loss
- €20,228
- Equity
- -€67,785
- ▼ 42.5%
- Total assets
- €194,611
- ▼ 29.6%
Score breakdownraises riskLoss of €20,228 (financial year 2025)Negative equity -€67,785Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €194,611Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 3% of them on solvency, 10% on liquidity, 14% on profitability and 12% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 6 accounts on average 4 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
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Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 27-10-2025
- Format
- abbreviated format
- Reference
- 2025-00549791
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €12,375, after a profit of €5,842 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Companies with the same profile, two years later
Historical observationIn July 2024, 6,619 companies had the same profile as DVS-CONSTRUCT has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DVS-CONSTRUCT itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,619 companies, not a prediction for DVS-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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,812 | €1,225 | €317 | €253 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €720 | €844 | €1,465 | €903 | ▼ 38.4% |
| Gross operating margin9900 | €62,168 | €34,765 | -€824 | -€303 | -€81,687 | €7,307 | -€11,472 | - |
| Operating profit (loss)9901 | €58,273 | €32,533 | -€3,601 | -€1,277 | -€82,531 | €5,842 | -€12,375 | - |
| Financial income75/76B | - | - | - | €4,154 | €4,200 | €2,238 | €426 | ▼ 81.0% |
| Recurring financial income75 | €6,667 | €5,225 | €5,607 | €4,154 | €4,200 | €2,238 | €426 | ▼ 81.0% |
| Financial charges65/66B | - | - | - | €1,975 | €3,645 | €7,894 | €8,279 | ▲ 4.9% |
| Recurring financial charges65 | €1,011 | €1,185 | €1,087 | €1,975 | €3,645 | €7,894 | €8,279 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €63,930 | €36,572 | €919 | €903 | -€81,976 | €186 | -€20,228 | - |
| Income taxes67/77 | €521 | €562 | €337 | €271 | €0 | - | - | - |
| Profit (loss) for the period9904 | €63,409 | €36,010 | €583 | €631 | -€81,976 | €186 | -€20,228 | - |
| Profit (loss) for the period to be appropriated9905 | €63,409 | €36,010 | €583 | €631 | -€81,976 | €186 | -€20,228 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €555,054 | €466,153 | €293,634 | €409,315 | €349,034 | €276,517 | €194,611 | ▼ 29.6% |
| Fixed assets21/28 | €1,795 | €570 | €253 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1,795 | €570 | €253 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - |
| Current assets29/58 | €553,259 | €465,583 | €293,381 | €409,315 | €349,034 | €276,517 | €194,611 | ▼ 29.6% |
| Stocks and contracts in progress3 | €21,441 | - | €55,958 | €40,911 | €56,193 | €15,572 | €26,299 | ▲ 68.9% |
| Stocks30/36 | - | - | - | - | - | - | €8,317 | - |
| Contracts in progress37 | - | - | - | €40,911 | €56,193 | €15,572 | €17,983 | ▲ 15.5% |
| Amounts receivable within one year40/41 | €414,618 | €299,252 | €181,451 | €298,590 | €273,632 | €245,876 | €149,495 | ▼ 39.2% |
| Trade receivables40 | - | - | - | €288,212 | €273,182 | €244,606 | €144,858 | ▼ 40.8% |
| Other amounts receivable41 | - | - | - | €10,378 | €449 | €1,270 | €4,638 | ▲ 265% |
| Cash at bank and in hand54/58 | €115,136 | €164,202 | €54,466 | €68,277 | €17,842 | €13,561 | €17,288 | ▲ 27.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,538 | €1,367 | €1,508 | €1,528 | ▲ 1.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €555,054 | €466,153 | €293,634 | €409,315 | €349,034 | €276,517 | €194,611 | ▼ 29.6% |
| Equity10/15 | €32,008 | €33,019 | €33,601 | €34,232 | -€47,743 | -€47,558 | -€67,785 | ▼ 42.5% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €10,074 | €10,074 | €10,074 | €10,074 | €10,074 | €10,074 | €10,074 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €8,214 | €8,214 | €10,074 | €10,074 | = |
| Profit (loss) carried forward14 | €3,334 | €4,345 | €4,927 | €5,558 | -€76,417 | -€76,232 | -€96,460 | ▼ 26.5% |
| Amounts payable17/49 | €523,046 | €433,134 | €260,033 | €375,083 | €396,777 | €324,075 | €262,397 | ▼ 19.0% |
| Amounts payable within one year42/48 | €522,835 | €433,134 | €260,033 | €375,083 | €396,777 | €324,075 | €262,397 | ▼ 19.0% |
| Financial debts43 | - | - | - | €55,001 | €94,001 | €95,000 | €86,000 | ▼ 9.5% |
| Credit institutions430/8 | - | - | - | €55,001 | €94,001 | €95,000 | €86,000 | ▼ 9.5% |
| Trade debts44 | €220,686 | €77,980 | €44,009 | €65,187 | €84,254 | €44,606 | €67,187 | ▲ 50.6% |
| Suppliers440/4 | - | - | - | €65,187 | €84,254 | €44,606 | €67,187 | ▲ 50.6% |
| Taxes, remuneration and social security45 | - | - | - | €271 | €15,917 | €15,485 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €271 | €15,917 | €15,485 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €254,623 | €202,606 | €168,983 | €109,210 | ▼ 35.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,409 | €36,010 | €583 | €631 | -€81,976 | €186 | -€20,228 | - |
| + Depreciation and write-downs630 | €2,812 | €1,225 | €317 | €253 | €0 | - | - | - |
| Operating cash flow (approximation) | €66,221 | €37,235 | €899 | €884 | -€81,976 | €186 | -€20,228 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - |
| Change in cash | - | €49,066 | -€109,737 | €13,811 | -€50,434 | -€4,281 | €3,728 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 27-10-2025 | 2025-00549791 | |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00527613 | |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00495961 | |
| 31-03-2022 | abbreviated format | 03-11-2022 | 2022-20482691 | |
| 31-03-2021 | abbreviated format | 02-11-2021 | 2021-76000145 | |
| 31-03-2020 | abbreviated format | 26-11-2020 | 2020-72300213 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72400364 | |
| 31-03-2018 | abbreviated format | 12-10-2018 | 2018-69300291 | |
| 31-03-2017 | abbreviated format | 29-11-2017 | 2017-70600377 | |
| 31-03-2016 | abbreviated format | 18-11-2016 | 2016-68100457 |
Comparable companies
These companies have the same main activity as DVS-CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €170,000 and €211,000, founded between 1999 and 2004.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| DVS-CONSTRUCT Ronse | 2004 | €194,611 | -€67,785 | -€11,472 | -€20,228 | 2025 |
| VAN DE VELDE TOTAALCONCEPT Laarne | 2001 | €169,551 | -€60,126 | -€1,947 | -€10,758 | 2025 |
| BDB-aannemingen Waasmunster | 1999 | €210,014 | €22,969 | -€60,547 | -€76,618 | 2025 |
| ALGEMENE BOUWONDERNEMING VANHOVE Dilbeek | 2004 | €199,635 | €193,405 | -€4,137 | -€4,304 | 2025 |
| IMMOBILIERE RESIDENCE DU PARC Couvin | 2004 | €207,482 | €206,871 | -€2,551 | -€2,698 | 2025 |
| CONDOR Bornem | 2002 | €193,378 | -€85,144 | -€31,459 | -€48,749 | 2025 |
| GO - RON Diepenbeek | 2002 | €210,736 | €136,750 | -€9,724 | -€14,528 | 2025 |
They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ATO INVEST |
|
The board according to the articles of association
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “VERTEGENWOORDIGINGSBEVOEGDHEID Elke bestuurder vertegenwoordigt de vennootschap alléén, in en buiten rechte. Evenwel moeten de bestuurders…”
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Duur van de vennootschap tenzij algemene vergadering anders besluit, telkens belang vereist en minstens eenmaal per jaar”
Articles of association, deed of 13-10-2023
Owners and capital
Capital transactions
- 13-10-2023 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- 2 more provisions in the deed, see the deed of 10-06-2024
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- Liquidation distribution: “Vermogen eerst voor passief en kosten vereffening, desgevallend onder voorbehoud goedkeuring plan voor verdeling activa door bevoegde…”deed of 13-10-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of DVS-CONSTRUCT. Every other company they run is a node.
History
Acts, filings and financial milestones
10-06
Gazette deed
Permanent representative: Olivier ScherlynckRegistered-office move5 points ▸
- Board meeting, 29-05-2024
- Other provision, “voorwaarden zetelverplaatsing zonder statutenwijziging vervuld, bestuursorgaan kan rechtsgeldig beslissen zonder statutenwijziging” (deed in Dutch)
- Registered-office move, Germinal 71, 9600 Ronse
- Director in office, ATO INVEST BV (director)
- Permanent representative, Olivier Scherlynck
13-10
Gazette deed
Reappointment: ATO INVEST (director)Permanent representative: Scherlynck Olivier · Registered office clause · Power of attorney10 points ▸
- Director reappointment, ATO INVEST (director (not named in the articles))
- Permanent representative, Scherlynck Olivier
- Registered office clause, “Robert Schumanstraat 7,9600 Ronse, Zevende besluit” (deed in Dutch)
- Power of attorney, Ann-Cathérine de Grave
- General meeting, 05-10-2023
- Other provision, “verslag bestuursorgaan over voorstel wijziging voorwerp, artikel 5:101 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing 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 0863.858.046
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422C0581/00K000 | Flanders | 1,249 m² | 1 · 146 m² | 5.4 m · 1 |