DCE
ActiveSummary
DCE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €36k. Equity is shrinking by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+36
Solvency77▲+35
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 0.78 in 2024; short-term debt: 46.6% and cash: 3% of total assets), and 48.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.8%
Return on assets
36.9%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €51k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
35 d early
2023
55 d early
2022
43 d early
2021
46 d early
2020
32 d early
2019
47 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▲ 248%
2024 · €15k
2018: €47k
2019: €35k▼ -25.5% vs 2018
2020: €55k▲ +56.6% vs 2019highest in 8 years
2021: €28k▼ -49.8% vs 2020
2022: €11k▼ -59.1% vs 2021lowest in 8 years
2023: €18k▲ +57.4% vs 2022
2024: €15k▼ -18.5% vs 2023
2025: €51k▲ +248% vs 2024
2018 → 2025
Total assets
€98k▲ 16.2%
2024 · €84k
2018: €76k
2019: €69k▼ -9.1% vs 2018lowest in 8 years
2020: €112k▲ +61.7% vs 2019
2021: €160k▲ +43.8% vs 2020highest in 8 years
2022: €100k▼ -38.0% vs 2021
2023: €107k▲ +7.4% vs 2022
2024: €84k▼ -21.4% vs 2023
2025: €98k▲ +16.2% vs 2024
2018 → 2025
Net result
€36k
2024 · €-3k
2018: €14k
2019: €-12k▼ -185% vs 2018
2020: €20k▲ +265% vs 2019
2021: €-28k▼ -238% vs 2020lowest in 8 years
2022: €-16k▲ +40.4% vs 2021
2023: €7k▲ +140% vs 2022
2024: €-3k▼ -151% vs 2023
2025: €36k▲ +1190% vs 2024highest in 8 years
2018 → 2025
Working capital
€33k
2024 · €-15k
2018: €41k
2019: €31k▼ -24.5% vs 2018
2020: €42k▲ +37.2% vs 2019highest in 8 years
2021: €7k▼ -84.3% vs 2020
2022: €-10k▼ -250% vs 2021
2023: €-6k▲ +42.0% vs 2022
2024: €-15k▼ -159% vs 2023lowest in 8 years
2025: €33k▲ +324% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€11k▼ 59.1%€18k▲ 57.4%€15k▼ 18.5%€51k▲ 248%
2021: €28k
2022: €11k▼ -59.1% vs 2021lowest in 5 years
2023: €18k▲ +57.4% vs 2022
2024: €15k▼ -18.5% vs 2023
2025: €51k▲ +248% vs 2024highest in 5 years
Operating result€-31k-€-13k▲ 56.4%€9k€-2k€39k
2021: €-31klowest in 5 years
2022: €-13k▲ +56.4% vs 2021
2023: €9k▲ +166% vs 2022
2024: €-2k▼ -125% vs 2023
2025: €39k▲ +1847% vs 2024highest in 5 years
Net result€-28k-€-16k▲ 40.4%€7k€-3k€36k
2021: €-28klowest in 5 years
2022: €-16k▲ +40.4% vs 2021
2023: €7k▲ +140% vs 2022
2024: €-3k▼ -151% vs 2023
2025: €36k▲ +1190% vs 2024highest 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 2025: €39k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€19k ▼ 38.8%
Current assets
€79k ▲ 48.3%
Equity and liabilities €98k
Equity
€51k ▲ 248%
Debt
€47k ▼ 32.2%
Debt's share of the balance-sheet total falls from 82.7% to 48.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €14k
Cash flow
€52k▲
2024 · €13k
Current ratio
1.73▲
2024 · 0.78
Quick ratio
1.59▲
2024 · 0.70
Debt to equity
0.93▼
2024 · 4.78
ROE
71.3%▲
2024 · -22.7%
ROA
36.9%▲
2024 · -3.9%
Interest coverage
59.56▲
2024 · 13.52
Debt ≤ 1 year
€46k▼
2024 · €68k
Income taxes
€4k▲
2024 · €414
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€98k▲
Fixed assets21/28€31k€19k▼
Tangible fixed assets22/27€31k€19k▼
Land and buildings22€4k€5k▲
Plant, machinery and equipment23€328€175▼
Furniture and vehicles24€3k€13k▲
Leasing and similar rights25€23k€1k▼
Other tangible fixed assets26€661€361▼
Current assets29/58€53k€79k▲
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€41k€69k▲
Trade receivables40€21k€17k▼
Other amounts receivable41€20k€53k▲
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€550€561▲
Equity and liabilities
Total equity and liabilities10/49€84k€98k▲
Equity10/15€15k€51k▲
Contributions10/11€19k€19k=
Reserves13€22k€32k▲
Distributable reserves133€22k€32k▲
Profit (loss) carried forward14€-26k€0▲
Amounts payable17/49€70k€47k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€68k€46k▼
Current portion of amounts payable after more than one year42€15k€0▼
Trade debts44€51k€39k▼
Suppliers440/4€51k€39k▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€129€4k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€863€841▼
Gross operating margin9900€15k€57k▲
Operating profit (loss)9901€-2k€39k▲
Financial income75/76B€379€1k▲
Recurring financial income75€379€1k▲
Financial charges65/66B€1k€937▼
Recurring financial charges65€1k€937▼
Profit (loss) for the period before taxes9903€-3k€40k▲
Income taxes67/77€414€4k▲
Profit (loss) for the period9904€-3k€36k▲
Profit (loss) for the period to be appropriated9905€-3k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€10k▲
Profit (loss) brought forward from the previous period14P€-23k€-26k▼
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | €16k | €16k | €16k | ▲ 2.4% |
| Other operating charges640/8 | - | €690 | €797 | €863 | €841 | ▼ 2.6% |
| Gross operating margin9900 | €-16k | €4k | €25k | €15k | €57k | ▲ 287% |
| Operating profit (loss)9901 | €-31k | €-13k | €9k | €-2k | €39k | ▲ 1,847% |
| Financial income75/76B | - | €760 | €1 | €379 | €1k | ▲ 274% |
| Recurring financial income75 | €4k | €760 | €1 | €379 | €1k | ▲ 274% |
| Financial charges65/66B | - | €3k | €2k | €1k | €937 | ▼ 7.9% |
| Recurring financial charges65 | €967 | €3k | €2k | €1k | €937 | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €-27k | €-16k | €7k | €-3k | €40k | ▲ 1,478% |
| Income taxes67/77 | €208 | €430 | €431 | €414 | €4k | ▲ 823% |
| Profit (loss) for the period9904 | €-28k | €-16k | €7k | €-3k | €36k | ▲ 1,190% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €-16k | €7k | €-3k | €36k | ▲ 1,190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160k | €100k | €107k | €84k | €98k | ▲ 16.2% |
| Fixed assets21/28 | €71k | €55k | €40k | €31k | €19k | ▼ 38.8% |
| Tangible fixed assets22/27 | €71k | €55k | €40k | €31k | €19k | ▼ 38.8% |
| Land and buildings22 | - | - | - | €4k | €5k | ▲ 29.6% |
| Plant, machinery and equipment23 | - | €785 | €556 | €328 | €175 | ▼ 46.6% |
| Furniture and vehicles24 | - | €2k | €1k | €3k | €13k | ▲ 302% |
| Leasing and similar rights25 | - | €51k | €37k | €23k | €1k | ▼ 95.6% |
| Other tangible fixed assets26 | - | €1k | €961 | €661 | €361 | ▼ 45.4% |
| Current assets29/58 | €89k | €44k | €67k | €53k | €79k | ▲ 48.3% |
| Stocks and contracts in progress3 | €7k | €7k | €7k | €6k | €6k | ▲ 7.1% |
| Stocks30/36 | - | €7k | €7k | €6k | €6k | ▲ 7.1% |
| Amounts receivable within one year40/41 | €76k | €20k | €43k | €41k | €69k | ▲ 69.0% |
| Trade receivables40 | - | €8k | €26k | €21k | €17k | ▼ 21.9% |
| Other amounts receivable41 | - | €13k | €17k | €20k | €53k | ▲ 166% |
| Cash at bank and in hand54/58 | €6k | €4k | €16k | €6k | €3k | ▼ 50.3% |
| Deferred charges and accrued income490/1 | - | €14k | €532 | €550 | €561 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160k | €100k | €107k | €84k | €98k | ▲ 16.2% |
| Equity10/15 | €28k | €11k | €18k | €15k | €51k | ▲ 248% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €22k | €22k | €22k | €22k | €32k | ▲ 46.5% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €20k | €22k | €22k | €32k | ▲ 46.5% |
| Profit (loss) carried forward14 | €-13k | €-29k | €-23k | €-26k | €0 | ▲ 100% |
| Amounts payable17/49 | €133k | €88k | €89k | €70k | €47k | ▼ 32.2% |
| Amounts payable after more than one year17 | €49k | €32k | €15k | €0 | - | - |
| Financial debts170/4 | - | €32k | €15k | €0 | - | - |
| Amounts payable within one year42/48 | €83k | €54k | €72k | €68k | €46k | ▼ 33.0% |
| Current portion of amounts payable after more than one year42 | - | €17k | €17k | €15k | €0 | ▼ 100% |
| Financial debts43 | - | €2k | €0 | - | - | - |
| Credit institutions430/8 | - | €2k | €0 | - | - | - |
| Trade debts44 | €62k | €8k | €43k | €51k | €39k | ▼ 21.8% |
| Suppliers440/4 | - | €8k | €43k | €51k | €39k | ▼ 21.8% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €2k | €6k | ▲ 155% |
| Taxes450/3 | - | - | €281 | €129 | €4k | ▲ 2,874% |
| Remuneration and social security454/9 | - | €3k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €25k | €10k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €1k | €2k | €2k | ▲ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €-16k | €7k | €-3k | €36k | ▲ 1,190% |
| + Depreciation and write-downs630 | €14k | €17k | €16k | €16k | €16k | ▲ 2.4% |
| Operating cash flow (approximation) | €-14k | €219 | €22k | €13k | €52k | ▲ 313% |
| Investment in fixed assets (approximation) | - | €-763 | €-499 | €-7k | €-4k | ▲ 34.6% |
| Change in cash | - | €-3k | €13k | €-11k | €-3k | ▲ 71.7% |
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
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.78 to 1.73; short-term debt falls from €68k to €46k.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
18-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
14-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Maasmechelen · 1 establishment unit since 2011
Ground area
1,818 m²
Building footprint
189 m²
Volume, LiDAR
1,141 m³
Parcel 73084B0410/00G000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DCE
since 20112.204.780.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73084B0410/00G000 | Flanders | 1,818 m² | 1 · 189 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,124 companies in sector 43212 we hold annual accounts for 420. 354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2011
Fiscal year end30-09
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
Contact
Phone
0494/651670Maasmechelen
Scores and ratios are computed by Checked and are not a credit decision.