Equity
€27,972 from €151,035 in 2018
Equity fell by 81% in 6 years.
DYSTRIMAT
Lifetime
9 annual accounts with figures on one time axispeak €120,540 (2018)
-€10,999▲ €3,284
lowest -€68,793 (2021)
-€18,956▼ €13,313
peak €151,035 (2018)
€27,972▼ 40.4%
€115,741▲ 4.1%
Board4 names since 2018
2 directorsAziza Echibani and 1 other
Documentsfilings and deeds
16-09-2026412 days late
2024abbreviated format
Gross margin from -€14,283 to -€10,999Loss of €18,956Equity from €46,928 to €27,972Cash from €787 to €271
Key points
from the 2024 annual accountsLosses
-€24,598 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Debts
€115,741 81% of the balance sheet
Suppliers 2%Taxes and wages 23%Other 74%
Payment terms
46 days to suppliers
DYSTRIMAT pays its suppliers 39 days later than in 2023.
Filings
9 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€18,956
Lower net result than 83% of companies in construction of buildings. Sector median €22,798 · 2,071 companies.
Turnover not published (abbreviated or micro format)
Checked score
28
Weak
Financially stronger than 14% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
11.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 12.2%
01-2025: 13.8%▲ +1.6 percentage points vs 12-2024
02-2025: 13.8%● unchanged vs 01-2025
03-2025: 14.2%▲ +0.4 percentage points vs 02-2025
04-2025: 13.2%▼ -1.0 percentage point vs 03-2025
05-2025: 13.2%● unchanged vs 04-2025
06-2025: 13.0%▼ -0.2 percentage points vs 05-2025
07-2025: 13.0%● unchanged vs 06-2025
08-2025: 15.1%▲ +2.1 percentage points vs 07-2025
09-2025: 15.1%● unchanged vs 08-2025
10-2025: 15.1%● unchanged vs 09-2025
11-2025: 15.1%● unchanged vs 10-2025
12-2025: 15.1%● unchanged vs 11-2025
01-2026: 15.1%● unchanged vs 12-2025
02-2026: 15.1%● unchanged vs 01-2026
03-2026: 15.1%● unchanged vs 02-2026
04-2026: 14.9%▼ -0.2 percentage points vs 03-2026
05-2026: 14.9%● unchanged vs 04-2026
06-2026: 14.9%● unchanged vs 05-2026
07-2026: 15.5%▲ +0.6 percentage points vs 06-2026highest value
08-2026: 14.7%▼ -0.8 percentage points vs 07-2026
09-2026: 14.4%▼ -0.3 percentage points vs 08-2026
10-2026: 11.7%▼ -2.7 percentage points vs 09-2026lowest value
11-2026: 11.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 412 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.96, cash €271, halved
Size: total assets €143,713
Sector: Construction of residential and non-residential buildings (NACE 41)
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 26% of them on solvency, 7% on liquidity, 11% on profitability and 13% 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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 1,294 companies had the same profile as DYSTRIMAT has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DYSTRIMAT itself is higher: 11.7% within 12 months. It rests on far more data about DYSTRIMAT than the profile alone.
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 1,294 companies, not a prediction for DYSTRIMAT. 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 €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.96 (1.12 in 2023), below 1. Short-term debt is 80.5% and cash 0.2% of total assets. 80.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€18,956
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 412 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2026, 412 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
412 days late
2023
777 days late
2022
310 days late
2021
359 days late
2020
109 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 348 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.
Searched, nothing found (1)
Recent changes
2 managers resigning, 2 directors reappointed
Resignations: Moustafa EL AOUZMANI (manager) and Aziza ECHIBANI (manager) · Reappointments: Moustafa EL AOUZMANI (director) and Aziza ECHIBANI (director) · “Elle pourra en outre, sous réserve des restrictions légales, effectuer toutes opérations commerciales…” (deed in French) · General meeting of 28-09-2021 · Gazette deed
Registered office moved from Retinne to Dison
New registered office: Rue Neufmoulin 26 à 4820 DISON · Previous registered office: RUE DU FORT 22, 4621 RETINNE · Appointment: Aziza Echibani (manager) · General meeting of 04-11-2019 · Gazette deed
Transfer of 40 shares from Serkan PEHLIVANOGLU to Germain GUILLAUME
Appointment: Germain GUILLAUME (technical director) · Resignation: Serkan PEHLIVANOGLU (technical director) · Moustafa EL AOUZMANI holds 110 shares · General meeting of 12-11-2018 · Gazette deed
Transfer of 40 shares from Moustafa El Aouzmani to Serkan Pehlivanoglu
Appointment: Serkan Pehlivanoglu (technical director) · Moustafa El Aouzmani holds 110 shares · Serkan Pehlivanoglu holds 40 shares · Board meeting of 01-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DYSTRIMAT Dison | €143,713 | -€10,999 | 19.5% | - |
| CORAL BUILD Antwerp | €141,241 | -€8,185 | -73.7% | - |
| AM CONSTRUCTION Forest | €130,101 | -€177,840 | -124.5% | - |
| L&N CONSTRUCTION Gembloux | €139,008 | -€707 | 33.8% | - |
| ABMF Hoogstraten | €156,422 | -€85,414 | 56.7% | 0 |
| CATPARTNERS Mouscron | €133,770 | -€5,186 | 8.8% | - |
| AG Constructions Zonhoven | €161,287 | -€1,744 | 54.5% | - |
These companies have the same main activity as DYSTRIMAT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €130,000 and €161,000, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 15-02-2016Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 6 others
- Establishment unit
- 2.258.724.6774820 Dison, since 01-04-2016
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on DYSTRIMAT
DYSTRIMAT files the abbreviated format. That format states no turnover. The gross margin fell from €34,901 in 2016 to -€10,999 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DYSTRIMAT
- What is the company number of DYSTRIMAT?
- The company number of DYSTRIMAT is 0648.645.334. The VAT number is the same number with BE in front: BE 0648.645.334.
- Where is DYSTRIMAT based?
- The registered office is at Rue Neufmoulin 26, 4820 Dison.Company details
- What does DYSTRIMAT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of DYSTRIMAT?
- DYSTRIMAT is a private limited company (BV).
- When was DYSTRIMAT founded?
- DYSTRIMAT was founded on 15-02-2016.
- Is DYSTRIMAT still active?
- Yes, DYSTRIMAT is an active enterprise in the KBO register.
- What is the turnover of DYSTRIMAT?
- The annual accounts for financial year 2024 state no turnover. The abbreviated or micro format does not require it. In financial year 2023 turnover was €0.Financials
- Is DYSTRIMAT profitable?
- In financial year 2024, DYSTRIMAT made a loss of €18,956.
- Where can I find the annual accounts of DYSTRIMAT?
- DYSTRIMAT filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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