Equity
€67,567 ▲ 73.6%
DZ Projects paid out €833 in dividends. That is 3% of the 2025 profit.
DZ Projects
Overview
Lifetime
2 annual accounts with figures on one time axispeak €68,788 (2024)
€51,871▼ 24.6%
peak €36,913 (2024)
€29,487▼ 20.1%
peak €67,567 (2025)
€67,567▲ 73.6%
€24,689▼ 63.2%
Board1 name since 2023
1 directorHELEVEN Dietrich Arthur Maria
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €68,788 to €51,871Dividend €833Equity from €38,913 to €67,567Debts from €67,016 to €24,689Cash from €37,080 to €25,227
Key points
from the 2025 annual accountsChecked score
72
Healthy
Financially stronger than 83% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.7%▲ +0.3 percentage points vs 12-2024
02-2025: 2.7%● unchanged vs 01-2025
03-2025: 3.0%▲ +0.3 percentage points vs 02-2025
04-2025: 3.0%● unchanged vs 03-2025highest value
05-2025: 2.9%▼ -0.1 percentage points vs 04-2025
06-2025: 0.8%▼ -2.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.3 percentage points vs 06-2026lowest value
08-2026: 0.6%● unchanged vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €92,256
Founded in 2023
lowers risk
Liquidity: current ratio 3.14, cash €25,227
Equity €67,567 (73.2% of total assets)
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 43, micro). It does better than 79% of them on solvency, 73% on liquidity, 92% on profitability and 88% 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 low class on 30-06-2025, 0.8% 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, 39,278 companies had the same profile as DZ Projects has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DZ Projects itself: 0.6% within 12 months.
Test of the method
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 39,278 companies, not a prediction for DZ Projects. 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 €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.14 (1.66 in 2024), above the usual 1.5. Short-term debt is 25.5% and cash 27.3% of total assets. 26.8% 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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 days early
2024
97 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 65 days before 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.
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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HELEVEN Dietrich Arthur Maria 200 sharesdeed of 02-08-2023
Shares in 1 company, V&H Afwerking
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804421988
Incorporation
Founding capital of €2,000, 200 shares · Founder: HELEVEN Dietrich Arthur Maria (comparant) · Appointment: HELEVEN Dietrich Arthur Maria (director) · published on 02-08-2023 · Gazette deed
First establishment
Schrijnbroekstraat 66, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DZ Projects Hasselt | €92,256 | €51,871 | 73.2% | - |
| RENOCA Hasselt | €94,299 | €48,039 | 85.0% | - |
| Nouwen Interieur Peer | €82,246 | €41,904 | 59.0% | - |
| GUY VAN DE WALLE Zulte | €90,798 | €49,132 | 47.1% | - |
| DF PRO La Louvière | €94,683 | €50,813 | 19.2% | - |
| AYAMPRO NATURAL STONE & TILES Asse | €87,187 | €54,642 | -0.4% | - |
| STEVO Beerse | €94,561 | €44,479 | 78.3% | - |
These companies have the same main activity as DZ Projects: joinery installation (NACE 43320). They are comparable in size and age: total assets between €82,200 and €94,700, founded in 2023.
Official details
Source: KBO- Status
- Active since 31-07-2023Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.348.180.9483500 Hasselt, since 31-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 16-07-2024
Annual accounts 2025
- €51,871▼ 24.6%
- €29,487▼ 20.1%
- €67,567▲ 73.6%
- €92,256▼ 12.9%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on DZ Projects
DZ Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,567 and a net result of €29,487.
Its solvency ranks better than 79% of 35,156 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€51,871
▼ 24.6%
€40,505
▼ 20.7%
€29,487
▼ 20.1%
€50,365
▲ 111%
73.2%
▲ 36.5 percentage points
3.14
▲ 1.48
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 ≈ €210,000. Estimated: probably between €150,000 and €320,000.
Balance sheet
balance sheet total €92,256 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
73.2%
Higher than 79% of 35,156 companies in 2025.
3.14
Higher than 73% of 34,529 companies in 2025.
32.0%
Higher than 88% of 34,730 companies in 2025.
DZ Projects
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
92,256 | 105,930 | |
21/28 |
18,366 | 45,693 | |
22/27 |
6,116 | 45,693 | |
23 |
759 | 1,062 | |
24 |
5,357 | 44,631 | |
28 |
12,250 | - | |
29/58 |
73,890 | 60,236 | |
40/41 |
48,312 | 22,660 | |
40 |
11,653 | 2,725 | |
41 |
36,659 | 19,935 | |
54/58 |
25,227 | 37,080 | |
490/1 |
351 | 496 | |
| Balance sheet: equity and liabilities | |||
10/49 |
92,256 | 105,930 | |
10/15 |
67,567 | 38,913 | |
10/11 |
2,000 | 2,000 | |
13 |
65,567 | 36,913 | |
133 |
65,567 | 36,913 | |
17/49 |
24,689 | 67,016 | |
17 |
1,164 | 30,695 | |
170/4 |
1,164 | 30,695 | |
42/48 |
23,525 | 36,321 | |
42 |
1,342 | 10,255 | |
44 |
3,379 | 6,488 | |
440/4 |
3,379 | 6,488 | |
45 |
17,971 | 19,579 | |
450/3 |
17,971 | 19,579 | |
47/48 |
833 | - | |
| Income statement | |||
9900 |
51,871 | 68,788 | |
630 |
1,882 | 15,956 | |
640/8 |
929 | 1,751 | |
66A |
8,556 | - | |
9901 |
40,505 | 51,082 | |
75/76B |
1,533 | 705 | |
75 |
1,533 | 705 | |
65/66B |
3,162 | 3,294 | |
65 |
3,162 | 3,294 | |
9903 |
38,876 | 48,493 | |
67/77 |
9,390 | 11,579 | |
9904 |
29,487 | 36,913 | |
9905 |
29,487 | 36,913 | |
| Appropriation of the result | |||
9906 |
29,487 | 36,913 | |
691/2 |
28,654 | 36,913 | |
6921 |
28,654 | 36,913 | |
694/7 |
833 | - | |
694 |
833 | - | |
| Document | |||
The notes to these accounts have 11 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 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 42,387 | 67,037 | ||
| 31,369 | 52,869 | ||
| 13,427 | 61,649 | ||
| -11,853 | - | ||
| 50,365 | 23,915 | ||
| 73.2% | 36.7% | ||
| 3.14 | 1.66 | ||
| 0.37 | 1.72 | ||
| 43.6% | 94.9% | ||
| 32.0% | 34.8% | ||
| 13.40 | 20.35 |
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 | €1,177 | €61,649 |
| Financial fixed assets | €12,250 | - |
| €1,882 | €15,956 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on DZ Projects
The operating result for 2025 is 21% lower than in 2024.
Debt's share of the balance-sheet total falls from 63.3% to 26.8%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 31-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 02-08-2023
Mandates through the years
1 name, the dashed line is todayHELEVEN Dietrich Arthur Maria
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- HELEVEN Dietrich Arthur Maria
- Director (not named in the articles), from 31-07-2023 to date
Control
Capital
- Contribution
- €2,000
- Shares
- 200
- Contribution per share
- €10
- Equity per share
- €338 in 2025
- Source
- deed of 02-08-2023
Articles of association
deed of 02-08-2023 (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.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 May at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 02-08-2023 ↗
- HELEVEN Dietrich Arthur Maria 200 shares (100%) · €2,000 in cash
Network & group
Holdings
own 2025 accountsThis companyDZ Projects1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE V&H Afwerking24.5% €48,301 result €19,427
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- Equity €48,301 Profit of €19,427 in 2025 (profit of €3,374 in 2024) Checked score 66Sourceown accounts 202524.5%
Connections & network
1 current directorThe network starts from the directors of DZ Projects. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 97 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804421988
2023
IncorporationFounding capital of €2,000, 200 shares · Founder: HELEVEN Dietrich Arthur Maria (comparant) · Appointment: HELEVEN Dietrich Arthur Maria (director) · published on 02-08-20234 points ▸
- Founder, HELEVEN Dietrich Arthur Maria (comparant)
- Founding capital, €2,000, 200 shares
- Registered office clause, Schrijnbroekstraat 66, 3500 Hasselt
- Director appointment, HELEVEN Dietrich Arthur Maria (director (not named in the articles))
- The deed holds 7 more points.
First establishment Schrijnbroekstraat 66, Hasselt
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 31 July 2023, DZ Projects was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 HELEVEN Dietrich Arthur Maria has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0804.421.988
- VAT number
- BE 0804.421.988
- Peppol ID
- 0208:0804421988
- Other Peppol ID
- 9925:BE0804421988
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 31-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 May at 18:00deed of 02-08-2023 (in Dutch)
- Peppol
- Reachable since 16-07-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DZ Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-08-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- DZ Projectsdeed of 02-08-2023 (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.
- “Vlaams Gewest”deed of 02-08-2023 (in Dutch)
Activities
NACEBEL 202543320
Joinery installation main activity
43310
Plastering work
43331
Floor and wall tiling
Codes under NACEBEL 2008
43320
Joinery installation main activity
43211
Specialised construction activities
43310
Plastering work
43331
Floor and wall tiling
71121
Engineering activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Onderneming voor totaalinrichting, omvattende inrichting van kantoren, winkels, horecazaken en andere gebouwen; Onderneming voor het…”deed of 02-08-2023 (in Dutch)
6 activities
- Onderneming voor totaalinrichting, omvattende inrichting van kantoren, winkels, horecazaken en andere gebouwen.
- Onderneming voor het plaatsen van gyprocwerken, stukadoorswerken, cementeren, plaatsen van al dan niet verplaatsbare tussenwanden, de bekleding van wanden en plafonds.
- Onderneming voor het leggen van vloeren, parket- en laminaatvloeren,
- Onderneming voor het plaatsen van binnen schrijnwerk , keukens, kasten, dressings, enz.
- De uitwerking van projecten op gebied van klimaatbeheersing, koeltechniek, zuivering en voorkomen van pollutie, akoestiek, enz.
- Onderneming voor het plaatsen van verlichting, drijfkracht, telefoon, alarminstallaties, elektrische verwarming, luchtconditionering.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Schrijnbroekstraat 66 registered office 3500 Hasselt | 31-07-2023 | 2.348.180.948 |
Buildings and parcels at the address
- Ground area
- 740 m²
- Buildings
- 154 m²
- Volume, LiDAR
- 704 m³
- Tallest building
- 9.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71327G0090/00D004 | 740 m² | 1 · 154 m² | 9.4 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 0804.421.988