DERDE CONSTRUCT
ActiveDERDE CONSTRUCT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €304k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+1
Solvency82=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.34 in 2024; short-term debt: 32.2% and cash: 16.9% of total assets), and 42.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
57.4%
Return on assets
14.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
16 d early
2023
6 d late
2022
on the day
2021
16 d late
2020
2 d late
2019
21 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€304k▲ 1.6%
2024 · €299k
2018: €40k
2019: €34k
2020: €86k
2021: €205k
2022: €400k
2023: €329k
2024: €299k
2018 → 2025
Working capital
€745k▼ 17.1%
2024 · €899k
2018: €400k
2019: €465k
2020: €542k
2021: €633k
2022: €688k
2023: €821k
2024: €899k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€730k-€930k▲ 27.4%€1.08M▲ 16.6%€1.21M▲ 11.5%€1.18M▼ 2.6%
Operating result€267k-€507k▲ 89.9%€425k▼ 16.1%€377k▼ 11.3%€378k▲ 0.2%
Net result€205k-€400k▲ 95.5%€329k▼ 17.7%€299k▼ 9.1%€304k▲ 1.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets
€645k▲ 16.7%
Current assets
€1.41M▼ 10.4%
Equity and liabilities €2.05M
Equity
€1.18M▼ 2.6%
Debt
€875k▼ 4.3%
The debt ratio falls from 43.1% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€557k▲
2024 · €537k
Cash flow
€483k▲
2024 · €459k
Solvency
57.4%▲
2024 · 56.9%
Current ratio
2.13▼
2024 · 2.34
Quick ratio
1.42▼
2024 · 2.00
Debt / equity
0.74▼
2024 · 0.76
ROE
25.8%▲
2024 · 24.8%
ROA
14.8%▲
2024 · 14.1%
Interest coverage
35.01▲
2024 · 30.16
Debt
€875k▼
2024 · €914k
Debt ≤ 1 year
€661k▼
2024 · €670k
Debt > 1 year
€214k▼
2024 · €244k
Income taxes
€62k▼
2024 · €64k
Staff costs
€1.59M▲
2024 · €1.56M
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€2.12M€2.05M▼
Fixed assets21/28€553k€645k▲
Tangible fixed assets22/27€533k€615k▲
Plant, machinery and equipment23€147k€226k▲
Furniture and vehicles24€253k€278k▲
Leasing and similar rights25€132k€112k▼
Financial fixed assets28€20k€30k▲
Current assets29/58€1.57M€1.41M▼
Stocks and contracts in progress3€228k€465k▲
Stocks30/36€54k€88k▲
Contracts in progress37€174k€376k▲
Amounts receivable within one year40/41€975k€595k▼
Trade receivables40€934k€544k▼
Other amounts receivable41€41k€50k▲
Cash at bank and in hand54/58€367k€346k▼
Equity and liabilities
Total equity and liabilities10/49€2.12M€2.05M▼
Equity10/15€1.21M€1.18M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€867k€835k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€22k€22k=
Distributable reserves133€839k€807k▼
Profit (loss) carried forward14€280k€280k=
Amounts payable17/49€914k€875k▼
Amounts payable after more than one year17€244k€214k▼
Financial debts170/4€244k€214k▼
Amounts payable within one year42/48€670k€661k▼
Current portion of amounts payable after more than one year42€112k€124k▲
Trade debts44€295k€303k▲
Suppliers440/4€295k€303k▲
Taxes, remuneration and social security45€85k€55k▼
Taxes450/3€64k€31k▼
Remuneration and social security454/9€21k€24k▲
Other amounts payable47/48€179k€179k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.56M€1.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159k€179k▲
Other operating charges640/8€1k€11k▲
Gross operating margin9900€2.09M€2.16M▲
Operating profit (loss)9901€377k€378k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€363k€366k▲
Income taxes67/77€64k€62k▼
Profit (loss) for the period9904€299k€304k▲
Profit (loss) for the period to be appropriated9905€299k€304k▲
Appropriation of the result
Profit (loss) to be appropriated9906€579k€584k▲
Profit (loss) brought forward from the previous period14P€280k€280k=
Transfer to equity691/2€124k€129k▲
To other reserves6921€124k€129k▲
Profit to be distributed694/7€175k€175k=
Directors or managers695€175k€175k=
Social balance
Average headcount (FTE)908726.024.6▼
The notes to these accounts (15 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Equity above €1MEq €1.08M ▲16.6%
6 profitable years in a row build equity to €1.08M.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €400k ▲95.5%
Operating result €507k, net result €400k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
08-09
State Gazette act
General meeting · Member resignation
Member admission · Board composition
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
25-01
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet €34k ▼16.6%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
24-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
30-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
18-05
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director resignation
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2015
13-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2010
14-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
2009
05-01
State Gazette act
Board meeting · Director resignation
Member admission · Director appointment
Financial milestoneState Gazette actNBB 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, Wichelen · 1 establishment unit since 1995
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.
Meerbos 4A9260 WichelenGround area
3,575 m²
Building footprint
700 m²
Volume, LiDAR
4,848 m³
Parcel 42026A0913/00M000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DERDE CONSTRUCT NV
since 19952.072.396.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42026A0913/00M000 | Flanders | 3,575 m² | 1 · 700 m² | 8.0 m · 2 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.
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared director
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Shared director
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Shared director
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Shared director
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Show 1 more network connections
Shared director
→
Ownership & control
1 partyDERDE CONSTRUCTBE 0455.526.252
controls
Where this company holds controlthis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 24,377 EUR awarded · 22,792 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,352 EUR | 4,823 EUR |
| 2024 | 1 | 4,407 EUR | 4,352 EUR |
| 2023 | 2 | 4,879 EUR | 7,961 EUR |
| 2022 | 2 | 8,739 EUR | 5,656 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 2,329 companies in sector 42110 we hold annual accounts for 1,097. 648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-07-1995
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43990Other specialised construction activities
43999Specialised construction activities
45230
45450
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.