DENDER CONSTRUCT
ActiveDENDER CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €4k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70=
Solvency48▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.18 in 2024; short-term debt: 36.2% and cash: 1.4% of total assets), and 77% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
3 d late
2021
17 d late
2020
23 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€105k▲ 3.9%
2024 · €102k
2019: €67k
2020: €68k
2021: €82k
2022: €90k
2023: €97k
2024: €102k
2019 → 2025
Total assets
€458k▼ 19.4%
2024 · €568k
2019: €548k
2020: €563k
2021: €613k
2022: €536k
2023: €610k
2024: €568k
2019 → 2025
Net result
€4k▼ 6.9%
2024 · €4k
2019: €5k
2020: €1k
2021: €14k
2022: €9k
2023: €7k
2024: €4k
2019 → 2025
Working capital
€-2k
2024 · €35k
2019: €120k
2020: €102k
2021: €128k
2022: €87k
2023: €23k
2024: €35k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€90k▲ 10.6%€97k▲ 7.9%€102k▲ 4.3%€105k▲ 3.9%
Operating result€31k-€26k▼ 16.3%€24k▼ 5.6%€24k▼ 1.8%€21k▼ 12.8%
Net result€14k-€9k▼ 36.0%€7k▼ 18.2%€4k▼ 40.7%€4k▼ 6.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€294k▼ 13.4%
Current assets
€164k▼ 28.4%
Equity and liabilities €458k
Equity
€105k▲ 3.9%
Debt
€352k▼ 24.5%
The debt ratio falls from 82.1% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112k▼
2024 · €115k
Cash flow
€95k=
2024 · €95k
Solvency
23.0%▲
2024 · 17.9%
Current ratio
0.99▼
2024 · 1.18
Quick ratio
0.99▼
2024 · 1.18
Debt / equity
3.34▼
2024 · 4.60
ROE
3.7%▼
2024 · 4.1%
ROA
0.9%▲
2024 · 0.7%
Interest coverage
7.69▲
2024 · 6.77
Debt
€352k▼
2024 · €467k
Debt ≤ 1 year
€166k▼
2024 · €194k
Debt > 1 year
€121k▼
2024 · €160k
Income taxes
€3k▼
2024 · €3k
Staff costs
€62k▼
2024 · €90k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€568k€458k▼
Fixed assets21/28€339k€294k▼
Tangible fixed assets22/27€337k€292k▼
Land and buildings22€187k€163k▼
Plant, machinery and equipment23€21k€27k▲
Furniture and vehicles24€129k€102k▼
Financial fixed assets28€2k€2k=
Current assets29/58€229k€164k▼
Amounts receivable within one year40/41€219k€152k▼
Trade receivables40€214k€142k▼
Other amounts receivable41€4k€9k▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€568k€458k▼
Equity10/15€102k€105k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€484€484=
Profit (loss) carried forward14€81k€85k▲
Amounts payable17/49€467k€352k▼
Amounts payable after more than one year17€160k€121k▼
Financial debts170/4€160k€121k▼
Amounts payable within one year42/48€194k€166k▼
Current portion of amounts payable after more than one year42€75k€80k▲
Financial debts43€78k€58k▼
Credit institutions430/8€78k€58k▼
Trade debts44€4k€235▼
Suppliers440/4€4k€235▼
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€8k€6k▼
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€24k€14k▼
Accrued charges and deferred income492/3€113k€66k▼
Income statement
Code20242025
Remuneration, social security and pensions62€90k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€91k▲
Other operating charges640/8€10k€10k▲
Gross operating margin9900€214k€184k▼
Operating profit (loss)9901€24k€21k▼
Financial income75/76B€20€182▲
Recurring financial income75€20€182▲
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€7k€7k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€4k€4k▼
Profit (loss) for the period to be appropriated9905€4k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€85k▲
Profit (loss) brought forward from the previous period14P€76k€81k▲
The notes to these accounts (8 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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €100kEq €102k ▲4.3%
6 profitable years in a row build equity to €102k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
31-03
Financial
Highest result since 2019net €14k ▲980%
Operating result €31k, net result €14k, both a record.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
31-03
Financial
Weakest financial yearnet €1k ▼75.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-09
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.
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, Zele · 1 establishment unit since 2005
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.
Huivelde 729240 ZeleGround area
2,202 m²
Building footprint
175 m²
Volume, LiDAR
1,291 m³
Parcel 42028B1083/00T000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DENDER CONSTRUCT
since 20052.147.702.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B1083/00T000 | Flanders | 2,202 m² | 1 · 175 m² | 11.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,017 EUR awarded · 1,017 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 95 EUR | 95 EUR |
| 2023 | 1 | 363 EUR | 363 EUR |
| 2022 | 1 | 559 EUR | 559 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsBinnen- en buitenschrijnwerk duaal (so)
Daktimmerman duaal (so)
Medewerker hout duaal (so)
Schrijnwerker houtbouw duaal (so)
Schrijnwerker houtbouw duaal (so)
Similar companies · same sector, comparable size
APB Construct
BE 0787.794.606
Hulshout · Eq €105k
DU TRÉ
BE 0758.636.307
Zulte · Eq €106k
CTK INVEST
BE 0597.589.482
Liège · Eq €106k
SYLERCO
BE 0884.543.097
Sint-Martens-Latem · Eq €105k
Ness
BE 0778.771.131
Berlare · Eq €105k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2005
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
45220
43350Other building finishing work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.