Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Den Trap Construct is 0.8% (low). The 2025 annual accounts show equity of €167k and a net result of €-14k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 528 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
1 signal · with evidencePersistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.8%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-14k+40.4%
Working capital€2.41M+32.0%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.8% | 16.2% | |
| Net result | €-14k | €6k | |
| Equity | €167k | €152k | |
| Gross operating margin | €-13k | €78k | |
| Total assets | €2.46M | €1.34M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P35
Weakening position over 2022-2025
· n=528-1697
P30
Stable position over 2022-2025
· n=528-1693
P51
Stable position over 2022-2025
· n=528-1697
P10
Stable position over 2022-2025
· n=527-1694
Describes the position versus peers, not a forecast.
€-14k
+40.4%
-169% vs sector
€2.46M
+10.9%
+22% vs sector
€167k
-8.0%
-78% vs sector
€2.41M
+32.0%
far above sector median
€2.29M
+12.6%
+90% vs sector
€44k
-88.5%
-93% vs sector
€2.25M
+39.4%
+298% vs sector
55.24
+865.9%
far above sector median
16.41
+863.8%
far above sector median
6.8%
-17.1%
-80% vs sector
13.71
+22.4%
far above sector median
-8.7%
+35.2%
far below sector median
-0.6%
+46.2%
far below sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-14k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €2.46M |
| Equity | €167k |
| Debt | €2.29M |
| of which ≤ 1y | €44k |
| of which > 1y | €2.25M |
| Working capital | €2.41M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 55.24 |
| Quick ratio | 16.41 |
| Working capital ratio | 98.2% |
| Solvency | 6.8% |
| Debt / equity | 13.71 |
| Long-term debt ratio | 13.45 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.6% |
| ROE | -8.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.46M |
| Current assets | 29/58 | €2.46M |
| Stocks & contracts in progress | 3 | €1.73M |
| Amounts receivable within one year | 40/41 | €724k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.46M |
| Equity | 10/15 | €167k |
| Contributions / capital | 10/11 | €240k |
| Accumulated profits (losses) | 14 | €-73k |
| Amounts payable | 17/49 | €2.29M |
| Amounts payable after one year | 17 | €2.25M |
| Amounts payable within one year | 42/48 | €44k |
| Trade debts payable within one year | 44 | €44k |
| Income statement | ||
| Gross operating margin | 9900 | €-13k |
| Operating result | 9901 | €-14k |
| Financial charges | 65 | €511 |
| Result before taxes | 9903 | €-14k |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed50
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
6 directorsCurrent directors & mandates
-
Current25-03-2026 → present
-
Current25-03-2026 → present
Former directors (4)
-
DVW ConsultLegal entityDirector· perm. rep.: Delphine Van WaesState Gazette act 26047301 (09-04-2026)Former- → 25-03-2026
-
Elome ConsultLegal entityDirector· perm. rep.: Olivier VanoostState Gazette act 24174057 (10-12-2024)Former12-11-2024 → 25-03-2026
2 events
- 25-03-2026 Resigned· Director
- 12-11-2024 Appointed· Director
-
Former- → 25-03-2026
-
Former- → 25-03-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 15-10-2021 |
| Status | Active |
| Postal code | 9000 |
Structure & network
Connections & network
31 connected companiesGroup structure
Parent · 16 subsidiaries · 1 location
Control→
Parent · 16 subsidiaries · 1 location
Control→
Parent · 18 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationDen Trap Construct
since 20212.335.380.215
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,740 m²
Buildings1
Building footprint3,094 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0364/00L004 | Flanders | 7,740 m² | 1 · 3,094 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Address history · 1
17-05-2023
v3.2
All acts · 5
updated 1 month ago
2026
15-06-2026 Officer removal · Power of attorney · Act object
- Filing: 2026-06-05 · DEN TRAP CONSTRUCT
- Publication: 2026-06-15 · DEN TRAP CONSTRUCT
- Officer removal: date: 2026-05-21, role: bankbevoegdheden · DEN TRAP CONSTRUCT
- Officer removal: date: 2026-05-21, role: bankbevoegdheden · DEN TRAP CONSTRUCT
- Power of attorney: date: 2026-05-21, scope: alle noodzakelijke of nuttige formaliteiten te kunnen vervullen met betrekking tot de beslissingen van het bestuursorgaan, met inbegrip van het ondertekenen en neerleggen van de aanvraag tot wijziging van de inschrijving van de Vennootschap bij de diensten van de Kruispuntbank van Ondernemingen, het neerleggen van alle stukken bij de bevoegde griffie en het overgaan tot de nodige formaliteiten voor de bekendmaking van de beslissingen van de Verinootschap, alle verklaringen afleggen, alle documenten en stukken ondertekenen en in het algemeen, het noodzakelijke doen · DEN TRAP CONSTRUCT
- Power of attorney: date: 2026-05-21, scope: alle noodzakelijke of nuttige formaliteiten te kunnen vervullen met betrekking tot de beslissingen van het bestuursorgaan, met inbegrip van het ondertekenen en neerleggen van de aanvraag tot wijziging van de inschrijving van de Vennootschap bij de diensten van de Kruispuntbank van Ondernemingen, het neerleggen van alle stukken bij de bevoegde griffie en het overgaan tot de nodige formaliteiten voor de bekendmaking van de beslissingen van de Verinootschap, alle verklaringen afleggen, alle documenten en stukken ondertekenen en in het algemeen, het noodzakelijke doen · DEN TRAP CONSTRUCT
- Act object: Intrekking bevoegdheden
Summary:
Officer removal · Power of attorney · Act object
09-04-2026 Act object · Officer resignation · Officer appointment · Mandate term
- Filing: 2026-03-30 · Den Trap Construct
- Publication: 2026-04-09 · Den Trap Construct
- Act object: Beëindiging van het mandaat van bestuurders, benoeming van bestuurders, intrekking van bijzondere bevoegdheden en delegatie van bijzondere bevoegdheden · Den Trap Construct
- Officer resignation: 2026-03-25 · Volforto BV
- Officer resignation: 2026-03-25 · LOBOSAN BV
- Officer resignation: 2026-03-25 · DVW Consult BV
- Officer resignation: 2026-03-25 · Elome Consult BV
- Officer appointment: 2026-03-25 · RECOVA BV
- Officer appointment: 2026-03-25 · NDCMS BV
- Mandate term: onbepaalde duur · RECOVA BV
- Mandate term: onbepaalde duur · NDCMS BV
- Mandate compensation: onbezoldigd · RECOVA BV
- Mandate compensation: onbezoldigd · NDCMS BV
- Representation rule: Indien er slechts één bestuurder is benoemd, wordt de vennootschap bij alle rechtshandelingen, jegens derden en in rechtszaken als eiser of verweerder, gebonden door de handtekening van de enige bestuurder. Indien er twee of meerdere bestuurders zijn wordt de vennootschap bij alle rechtshandelingen, jegens derden en in rechtszaken als eiser of verweerder, gebonden door de handtekening van twee bestuurders gezamenlijk. · Den Trap Construct
- Power of attorney: volmacht · Philippe Remels
- Power of attorney: volmacht · Jelle Schuermans
- Power of attorney: volmacht · Marie Florival
- Power of attorney: volmacht · Philippe Remels
- Power of attorney: volmacht · Jelle Schuermans
- Power of attorney: volmacht · Marie Florival
Summary:
Act object · Officer resignation · Officer appointment · Mandate term
2024
10-12-2024 Olivier Vanoost appointed as director
2023
17-05-2023 Registered office moved from Hulshout to Gent (Zwijnaarde)
- Corbeillestraat 40, 2235 Hulshout → Rijvisschestraat 126, 9052 Gent (Zwijnaarde)
Summary:
v3.2
2021
19-10-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes48
/ 100
Mixed profile: strong on stability, weaker on profitability.
Health
50
Profitability
0
Solvency
38
Growth
58
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
| Legal nameNL | Den Trap Construct |
Registered office
Ottergemsesteenweg-Zuid 713
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.