DBK CONSTRUCT
InactiveDBK CONSTRUCT was declared bankrupt on 02-09-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 10-11-2025, published in the Belgian State Gazette on 18-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 08-04-2024, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
22 d early
2022
12 d late
2021
43 d early
2020
38 d early
2019
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€79k▲ 79.1%
2022 · €44k
2019: €20klowest in 5 years
2020: €47k▲ +138% vs 2019
2021: €56k▲ +18.6% vs 2020
2022: €44k▼ -20.3% vs 2021
2023: €79k▲ +79.1% vs 2022highest in 5 years
2019 → 2023
Total assets
€330k▼ 13.3%
2022 · €381k
2019: €67klowest in 5 years
2020: €163k▲ +142% vs 2019
2021: €168k▲ +3.2% vs 2020
2022: €381k▲ +127% vs 2021highest in 5 years
2023: €330k▼ -13.3% vs 2022
2019 → 2023
Net result
€35k
2022 · €-11k
2019: €-4k
2020: €27k▲ +775% vs 2019
2021: €9k▼ -67.8% vs 2020
2022: €-11k▼ -229% vs 2021lowest in 5 years
2023: €35k▲ +410% vs 2022highest in 5 years
2019 → 2023
Working capital
€13k
2022 · €-54k
2019: €10k
2020: €-34k▼ -448% vs 2019
2021: €-10k▲ +70.6% vs 2020
2022: €-54k▼ -445% vs 2021lowest in 5 years
2023: €13k▲ +125% vs 2022highest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€20k-€47k▲ 138%€56k▲ 18.6%€44k▼ 20.3%€79k▲ 79.1%
2019: €20klowest in 5 years
2020: €47k▲ +138% vs 2019
2021: €56k▲ +18.6% vs 2020
2022: €44k▼ -20.3% vs 2021
2023: €79k▲ +79.1% vs 2022highest in 5 years
Operating result€-3k-€35k€14k▼ 58.5%€-7k€51k
2019: €-3k
2020: €35k▲ +1135% vs 2019
2021: €14k▼ -58.5% vs 2020
2022: €-7k▼ -150% vs 2021lowest in 5 years
2023: €51k▲ +812% vs 2022highest in 5 years
Net result€-4k-€27k€9k▼ 67.8%€-11k€35k
2019: €-4k
2020: €27k▲ +775% vs 2019
2021: €9k▼ -67.8% vs 2020
2022: €-11k▼ -229% vs 2021lowest in 5 years
2023: €35k▲ +410% vs 2022highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €51k after a loss of €7k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €330k
Fixed assets
€212k ▼ 23.8%
Current assets
€119k ▲ 14.9%
Equity and liabilities €330k
Equity
€79k ▲ 79.1%
Debt
€251k ▼ 25.4%
Debt's share of the balance-sheet total falls from 88.4% to 76.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2022 · €35k
Cash flow
€101k▲
2022 · €31k
Current ratio
1.13▲
2022 · 0.66
Quick ratio
1.10▲
2022 · 0.57
Debt to equity
3.17▼
2022 · 7.62
ROE
44.2%▲
2022 · -25.5%
ROA
10.6%▲
2022 · -3.0%
Interest coverage
16.21▲
2022 · 8.84
Debt ≤ 1 year
€105k▼
2022 · €157k
Debt > 1 year
€146k▼
2022 · €179k
Income taxes
€9k▲
2022 · €240
Staff costs
€72k▼
2022 · €112k
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 · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€381k€330k▼
Fixed assets21/28€278k€212k▼
Tangible fixed assets22/27€276k€210k▼
Furniture and vehicles24€276k€210k▼
Financial fixed assets28€2k€2k=
Current assets29/58€103k€119k▲
Stocks and contracts in progress3€14k€2k▼
Stocks30/36€14k€2k▼
Amounts receivable within one year40/41€64k€100k▲
Trade receivables40€36k€52k▲
Other amounts receivable41€29k€49k▲
Cash at bank and in hand54/58€25k€16k▼
Equity and liabilities
Total equity and liabilities10/49€381k€330k▼
Equity10/15€44k€79k▲
Contributions10/11€6k€6k=
Reserves13€38k€73k▲
Non-distributable reserves130/1€200-
Reserves not available under the articles1311€200-
Distributable reserves133€38k€73k▲
Amounts payable17/49€337k€251k▼
Amounts payable after more than one year17€179k€146k▼
Financial debts170/4€179k€146k▼
Amounts payable within one year42/48€157k€105k▼
Current portion of amounts payable after more than one year42€50k€45k▼
Trade debts44€48k€49k▲
Suppliers440/4€48k€49k▲
Taxes, remuneration and social security45€4k€12k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€55k-
Income statement
Code20222023
Remuneration, social security and pensions62€112k€72k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€66k▲
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A€4k€174▼
Gross operating margin9900€156k€191k▲
Operating profit (loss)9901€-7k€51k▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€-11k€43k▲
Income taxes67/77€240€9k▲
Profit (loss) for the period9904€-11k€35k▲
Profit (loss) for the period to be appropriated9905€-11k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€35k▲
Transfer from equity791/2€11k-
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €112k | €72k | ▼ 36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €13k | €27k | €42k | €66k | ▲ 57.5% |
| Other operating charges640/8 | - | - | - | €6k | €2k | ▼ 56.7% |
| Non-recurring operating charges66A | - | - | - | €4k | €174 | ▼ 95.4% |
| Gross operating margin9900 | €8k | €68k | €86k | €156k | €191k | ▲ 22.0% |
| Operating profit (loss)9901 | €-3k | €35k | €14k | €-7k | €51k | ▲ 812% |
| Financial charges65/66B | - | - | - | €4k | €7k | ▲ 83.1% |
| Recurring financial charges65 | €668 | €561 | €1k | €4k | €7k | ▲ 83.1% |
| Profit (loss) for the period before taxes9903 | €-4k | €34k | €13k | €-11k | €43k | ▲ 493% |
| Income taxes67/77 | - | €7k | €4k | €240 | €9k | ▲ 3,457% |
| Profit (loss) for the period9904 | €-4k | €27k | €9k | €-11k | €35k | ▲ 410% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €27k | €9k | €-11k | €35k | ▲ 410% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €163k | €168k | €381k | €330k | ▼ 13.3% |
| Fixed assets21/28 | €25k | €91k | €98k | €278k | €212k | ▼ 23.8% |
| Tangible fixed assets22/27 | €24k | €89k | €96k | €276k | €210k | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | €276k | €210k | ▼ 23.9% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €42k | €72k | €70k | €103k | €119k | ▲ 14.9% |
| Stocks and contracts in progress3 | €6k | €1k | €1k | €14k | €2k | ▼ 82.7% |
| Stocks30/36 | - | - | - | €14k | €2k | ▼ 82.7% |
| Amounts receivable within one year40/41 | €28k | €65k | €17k | €64k | €100k | ▲ 56.0% |
| Trade receivables40 | - | - | - | €36k | €52k | ▲ 44.4% |
| Other amounts receivable41 | - | - | - | €29k | €49k | ▲ 70.4% |
| Cash at bank and in hand54/58 | €7k | €6k | €52k | €25k | €16k | ▼ 35.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €163k | €168k | €381k | €330k | ▼ 13.3% |
| Equity10/15 | €20k | €47k | €56k | €44k | €79k | ▲ 79.1% |
| Contributions10/11 | - | - | - | €6k | €6k | = |
| Reserves13 | €13k | €41k | €49k | €38k | €73k | ▲ 92.0% |
| Non-distributable reserves130/1 | - | - | - | €200 | - | - |
| Reserves not available under the articles1311 | - | - | - | €200 | - | - |
| Distributable reserves133 | - | - | - | €38k | €73k | ▲ 93.0% |
| Amounts payable17/49 | €48k | €116k | €112k | €337k | €251k | ▼ 25.4% |
| Amounts payable after more than one year17 | €15k | €10k | €32k | €179k | €146k | ▼ 18.7% |
| Financial debts170/4 | - | - | - | €179k | €146k | ▼ 18.7% |
| Amounts payable within one year42/48 | €32k | €106k | €80k | €157k | €105k | ▼ 33.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €50k | €45k | ▼ 10.3% |
| Trade debts44 | €17k | €55k | €21k | €48k | €49k | ▲ 1.9% |
| Suppliers440/4 | - | - | - | €48k | €49k | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | €4k | €12k | ▲ 171% |
| Taxes450/3 | - | - | - | €2k | €9k | ▲ 457% |
| Remuneration and social security454/9 | - | - | - | €3k | €3k | ▲ 8.0% |
| Other amounts payable47/48 | - | - | - | €55k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €27k | €9k | €-11k | €35k | ▲ 410% |
| + Depreciation and write-downs630 | €7k | €13k | €27k | €42k | €66k | ▲ 57.5% |
| Operating cash flow (approximation) | €3k | €41k | €36k | €31k | €101k | ▲ 230% |
| Investment in fixed assets (approximation) | - | €-79k | €-33k | €-222k | €0 | ▲ 100% |
| Change in cash | - | €-1k | €46k | €-27k | €-9k | ▲ 67.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 10-11-2025
2024
06-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 02-09-2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
30-09
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
02-09-2024 → 10-11-2025 |