Davy de Kuster
ActiveSummary
The computed 12-month bankruptcy probability of Davy de Kuster is 2.8% (moderate). The 2025 annual accounts show equity of €9k and a net result of €-8k. Equity is growing by ~51.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 4486 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency67▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.94 against 1.22 in 2024; short-term debt: 58% and cash: 28.9% of total assets), and 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
-36.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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 · 5 filingsDeviation from the deadline
2025
47 d late
2024
34 d early
2023
8 d early
2022
30 d late
2021
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▼ 46.7%
2024 · €18k
2021: €2k
2022: €8k
2023: €4k
2024: €18k
2021 → 2025
Total assets
€22k▼ 34.1%
2024 · €34k
2021: €11k
2022: €32k
2023: €24k
2024: €34k
2021 → 2025
Net result
€-8k
2024 · €13k
2021: €-244
2022: €6k
2023: €-3k
2024: €13k
2021 → 2025
Working capital
€-819
2024 · €3k
2021: €2k
2022: €-5k
2023: €-7k
2024: €3k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€8k▲ 342%€4k▼ 43.0%€18k▲ 298%€9k▼ 46.7%
Operating result€1k-€9k▲ 762%€-2k€18k€-8k
Net result€-244-€6k€-3k€13k€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€10k ▼ 41.2%
Current assets
€12k ▼ 26.5%
Equity and liabilities €22k
Equity
€9k ▼ 46.7%
Debt
€13k ▼ 20.4%
Debt's share of the balance-sheet total rises from 48.0% to 58.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1k▼
2024 · €25k
Cash flow
€-2k▼
2024 · €19k
Current ratio
0.94▼
2024 · 1.22
Debt to equity
1.38▲
2024 · 0.92
ROE
-87.6%▼
2024 · 74.9%
ROA
-36.8%▼
2024 · 38.9%
Interest coverage
-3.28▼
2024 · 22.82
Debt ≤ 1 year
€13k▼
2024 · €14k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€0▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€22k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€17k€10k▼
Furniture and vehicles24€17k€10k▼
Current assets29/58€16k€12k▼
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€8k€6k▼
Deferred charges and accrued income490/1€330€0▼
Equity and liabilities
Total equity and liabilities10/49€34k€22k▼
Equity10/15€18k€9k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€16k€7k▼
Amounts payable17/49€16k€13k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€14k€13k▼
Current portion of amounts payable after more than one year42€5k€3k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€4k€4k=
Taxes450/3€4k€4k=
Other amounts payable47/48-€5k
Income statement
Code20242025
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€1k€230▼
Non-recurring operating charges66A-€450
Gross operating margin9900€27k€-709▼
Operating profit (loss)9901€18k€-8k▼
Financial income75/76B€3€206▲
Recurring financial income75€3€206▲
Financial charges65/66B€1k€424▼
Recurring financial charges65€1k€424▼
Profit (loss) for the period before taxes9903€17k€-8k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€13k€-8k▼
Profit (loss) for the period to be appropriated9905€13k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€7k▼
Profit (loss) brought forward from the previous period14P€2k€16k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet €-8k ▼162%
Net result drops to €-8k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.22
Current ratio from 0.39 to 1.22.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2021
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.
Ezaart 1452400 MolGround area
1,062 m²
Building footprint
159 m²
Volume, LiDAR
735 m³
Parcel 13433E0376/00N000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Davy de Kuster
since 20212.314.500.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E0376/00N000 | Flanders | 1,062 m² | 1 · 159 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DTA
BE 0545.881.455
Overijse · Eq €9,377
Denoyette Kurt
BE 0896.817.260
Zwalm · Eq €9,373
SELECT PROJECTS
BE 0831.563.182
Zoersel · Eq €9,370
Bouw- en tuinwerken Princen Patrick
BE 0640.739.141
Geetbets · Eq €9,393
NABALYS
BE 0791.688.561
Hotton · Eq €9,429
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 2,349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
42110Construction of roads and motorways
43120Site preparation
43230Insulation installation
43990Other specialised construction activities
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.