D.CONSTRUCT

Active

Private limited companyfounded 200818 yrs activeRue Lespagnard(DA) 44, 7864 Lessines, BelgiumKBO/BCE: BE 0899.910.867

The computed 12-month bankruptcy probability of D.CONSTRUCT is 1.7% (moderate). The 2024 annual accounts show equity of €152k and a net result of €-107k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 37% of 36376 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak▲ +13 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency64▲+28

Growth32=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity tight (current ratio 1.4 against 1.24 in 2023), and 65.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

34.9%

Return on assets

-24.6%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€107k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

22 d late

2023

198 d late

2022

239 d late

2021

73 d late

2020

19 d late

2019

266 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€152k▼ 41.3%

2023 · €259k

2018: €324k 2019: €291k 2020: €340k 2021: €337k 2022: €334k 2023: €259k

2018 → 2024

Total assets

€435k▼ 62.3%

2023 · €1.15M

2018: €1.02M 2019: €969k 2020: €916k 2021: €833k 2022: €945k 2023: €1.15M

2018 → 2024

Net result

€-107k▼ 41.9%

2023 · €-75k

2018: €3k 2019: €-33k 2020: €49k 2021: €-3k 2022: €-3k 2023: €-75k

2018 → 2024

Working capital

€81k▼ 58.2%

2023 · €193k

2018: €370k 2019: €203k 2020: €241k 2021: €223k 2022: €204k 2023: €193k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€340k-€337k▼ 0.9%€334k▼ 0.8%€259k▼ 22.6%€152k▼ 41.3%

Operating result€91k-€19k▼ 79.1%€12k▼ 37.1%€-225k€-73k▲ 67.3%

Net result€49k-€-3k€-3k▲ 13.0%€-75k▼ 2,620%€-107k▼ 41.9%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €73k in 2024 against €225k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €435k

34.8%

65.2%

Fixed assets €151k▼ 6.0%

Current assets €284k▼ 71.4%

Equity and liabilities €435k

34.9%

65.1%

Equity €152k▼ 41.3%

Debt €283k▼ 68.4%

The debt ratio falls from 77.6% to 65.1%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-64k▲

2023 · €-214k

Cash flow

€-97k▼

2023 · €-65k

Solvency

34.9%▲

2023 · 22.4%

Current ratio

1.40▲

2023 · 1.24

Quick ratio

1.31▲

2023 · 1.20

Debt / equity

1.87▼

2023 · 3.46

ROE

-70.4%▼

2023 · -29.1%

ROA

-24.6%▼

2023 · -6.5%

Interest coverage

-1.95▲

2023 · -12.96

Debt

€283k▼

2023 · €896k

Debt ≤ 1 year

€203k▼

2023 · €801k

Debt > 1 year

€80k▼

2023 · €95k

Income taxes

€702

Staff costs

€305k▼

2023 · €315k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.15M€435k▼

Fixed assets21/28€161k€151k▼

Tangible fixed assets22/27€153k€143k▼

Land and buildings22€149k€141k▼

Plant, machinery and equipment23€2k€628▼

Furniture and vehicles24€2k€1k▼

Financial fixed assets28€8k€8k=

Current assets29/58€994k€284k▼

Stocks and contracts in progress3€31k€18k▼

Stocks30/36€31k€18k▼

Amounts receivable within one year40/41€916k€217k▼

Trade receivables40€901k€160k▼

Other amounts receivable41€15k€57k▲

Cash at bank and in hand54/58€46k€49k▲

Deferred charges and accrued income490/1€430€554▲

Equity and liabilities

Total equity and liabilities10/49€1.15M€435k▼

Equity10/15€259k€152k▼

Contributions10/11€22k€22k=

Reserves13€317k€317k=

Distributable reserves133€317k€317k=

Profit (loss) carried forward14€-80k€-187k▼

Amounts payable17/49€896k€283k▼

Amounts payable after more than one year17€95k€80k▼

Financial debts170/4€95k€80k▼

Amounts payable within one year42/48€801k€203k▼

Current portion of amounts payable after more than one year42€22k€22k▲

Financial debts43€34k€42k▲

Credit institutions430/8€34k€42k▲

Trade debts44€671k€34k▼

Suppliers440/4€671k€34k▼

Taxes, remuneration and social security45€45k€61k▲

Taxes450/3-€6k

Remuneration and social security454/9€45k€56k▲

Other amounts payable47/48€30k€45k▲

Income statement Code20232024

Remuneration, social security and pensions62€315k€305k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼

Other operating charges640/8€6k€9k▲

Non-recurring operating charges66A€859€256▼

Gross operating margin9900€108k€250k▲

Operating profit (loss)9901€-225k€-73k▲

Financial income75/76B€166k-

Recurring financial income75€166k-

Non-recurring financial income76B€166k-

Financial charges65/66B€17k€33k▲

Recurring financial charges65€17k€33k▲

Profit (loss) for the period before taxes9903€-75k€-106k▼

Income taxes67/77-€702

Profit (loss) for the period9904€-75k€-107k▼

Profit (loss) for the period to be appropriated9905€-75k€-107k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-80k€-187k▼

Profit (loss) brought forward from the previous period14P€-4k€-80k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

22-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 22 days late

14-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 198 days late

2024

31-12

Financial Weakest financial yearnet €-107k

Net result drops to €-107k, the lowest in the series.

26-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 239 days late

2022

12-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 73 days late

2021

19-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 19 days late

23-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 266 days late

2020

31-12

Financial Back to profitnet €49k

Net result €49k after one loss-making year.

2019

16-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 77 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 59 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 60 days late

2016

14-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 75 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2023

DRIES Leny Victor Simon

Director · since 08-12-2023

Current

08-12-2023 Resigned as Manager

08-12-2023 Appointed as Director

Location & real-estate footprint

Registered office, Lessines · 2 establishment units since 2008

establishment 1 of 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Lespagnard(DA) 447864 Lessines

Ground area

102 m²

Building footprint

102 m²

Volume, LiDAR

842 m³

Parcel 44803C0400/00A000, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

D.CONSTRUCT

Rue Lespagnard(DA) 44, 7864 LessinesConstruction of utility projects for electricity and telecommunications

since 20082.173.348.346

D-Construct

Donkersteeg 22, 9000 GentOther professional, scientific and technical activities

since 20162.259.292.029

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44803C0400/00A000 ProtectedMonumentBurgerhuis met trapgevelSource ↗	Flanders	102 m²	1 · 102 m²	14.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via establishment units: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

LES PLAFONNEURS REUNIS

Merelbeke-Melle · Eq €151k

CUNI

BE 0702.820.131

Gent · Eq €151k

Of 3,987 companies in sector 43310 we hold annual accounts for 1,736. 1,430 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-08-2008

Fiscal year end31-12

Activities, NACEBEL

43310Plastering work

43910Bricklaying and masonry work

43994Specialised construction activities

43230Insulation installation

43291Specialised construction activities

43320Joinery installation

47559Retail sale of other household articles

47599Retail trade

47784Retail sale of souvenirs and religious articles

47786Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.