Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DEXION is 1.1% (low). The 2025 annual accounts show equity of €1.45M and a net result of €42k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 115 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
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 signalsEstablished
Founded in 2014, 12 years in business.
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 everyone1.1%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Higher-failure-rate region
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€7.84M-40.8%
EBIT margin0.8%-4.1pp
Net result€42k-91.8%
Working capital€1.43M+2.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~14.1%/year over 7 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 43, Specialised construction · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.7% | 40.2% | |
| Net result | €42k | €25k | |
| Equity | €1.45M | €123k | |
| Staff costs | €1.39M | €214k | |
| Employees (FTE) | 11.1 | 5.0 |
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).
P63
Improving position over 2020-2025
· n=115-498
P57
Improving position over 2020-2025
· n=114-496
P90
Stable position over 2020-2025
· n=115-498
P90
Stable position over 2022-2025
· n=82-330
Describes the position versus peers, not a forecast.
€7.84M
-40.8%
18-25
€66k
-90.2%
+76% vs sector
€42k
-91.8%
+190% vs sector
€43k
-91.9%
+55% vs sector
€2.97M
-45.1%
far above sector median
€1.45M
+3.0%
far above sector median
€1.43M
+2.8%
far above sector median
11
+2.8%
18-25
€1.39M
-2.9%
far above sector median
€45k
-75.7%
far above sector median
€598k
-
18-25
€1.53M
-62.0%
far above sector median
€1.53M
-62.0%
far above sector median
1.94
+44.0%
+34% vs sector
1.85
+102.9%
+32% vs sector
48.7%
+87.7%
+49% vs sector
1.05
-63.1%
-49% vs sector
2.9%
-92.0%
-93% vs sector
1.4%
-85.1%
-1% vs sector
0.5%
-86.1%
18-25
0.8%
-83.4%
18-25
52.51
-56.5%
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €7.84M |
| EBITDA | €66k |
| Net profit | €42k |
| Cash flow | €43k |
| Staff costs | €1.39M |
| Income taxes | €45k |
| Dividends | - |
| Total assets | €2.97M |
| Equity | €1.45M |
| Debt | €1.53M |
| of which ≤ 1y | €1.53M |
| of which > 1y | - |
| Working capital | €1.43M |
| Employees (FTE) | 11.1 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.94 |
| Quick ratio | 1.85 |
| Working capital ratio | 48.3% |
| Solvency | 48.7% |
| Debt / equity | 1.05 |
| Long-term debt ratio | - |
| Interest coverage | 52.51 |
| Gross margin | 43.8% |
| Net margin | 0.5% |
| ROA | 1.4% |
| ROE | 2.9% |
| EBITDA margin | 0.8% |
| Days sales outstanding | 67d |
| Days payable outstanding | 17d |
| Inventory turnover | 30.46 |
| Days inventory (DSI) | 12d |
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 | €2.97M |
| Fixed assets | 21/28 | €11k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €9k |
| Current assets | 29/58 | €2.96M |
| Stocks & contracts in progress | 3 | €145k |
| Amounts receivable within one year | 40/41 | €1.46M |
| Cash & bank | 54/58 | €1.32M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.97M |
| Equity | 10/15 | €1.45M |
| Contributions / capital | 10/11 | €856k |
| Reserves | 13 | €59k |
| Accumulated profits (losses) | 14 | €531k |
| Amounts payable | 17/49 | €1.53M |
| Amounts payable within one year | 42/48 | €1.53M |
| Trade debts payable within one year | 44 | €203k |
| Income statement | ||
| Turnover | 70 | €7.84M |
| Operating result | 9901 | €65k |
| Financial income | 75 | €31k |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €87k |
| Income taxes | 67/77 | €45k |
| Net result for the period | 9904 | €42k |
| Result to be appropriated | 9905 | €42k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed81
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
11 directorsCurrent directors & mandates
-
Current09-01-2026 → present
-
Current22-08-2025 → present
-
Current01-01-2021 → present
2 events
- 22-08-2025 Mandate renewed· Director
- 01-01-2021 Appointed· Director
-
Current16-07-2018 → present
2 events
- 22-08-2025 Mandate renewed· Director
- 16-07-2018 Appointed· Director
-
Current05-11-2015 → present
4 events
- 22-08-2025 Mandate renewed· Director
- 05-06-2019 Mandate renewed· Managing director
- 26-11-2015 Appointed· Managing director
- 05-11-2015 Appointed· Daily management
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2019
-
Not recently confirmedlast confirmed in an act from 2019
Former directors (4)
-
Former16-07-2018 → 09-01-2026
3 events
- 09-01-2026 Resigned· Director
- 22-08-2025 Mandate renewed· Director
- 16-07-2018 Appointed· Director
-
Former16-07-2018 → 31-12-2020
2 events
- 31-12-2020 Resigned· Director
- 16-07-2018 Appointed· Director
-
Former- → 29-06-2018
-
Former17-01-2014 → 29-06-2018
4 events
- 29-06-2018 Resigned· Director
- 29-06-2018 Resigned· Managing director
- 17-01-2014 Appointed· Director
- 17-01-2014 Appointed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Bedrijfsrevisoren Company auditor · represented by Kristof Van Linden succeeded by KPMG Réviseurs d'Entreprises in 2017 |
A02232 | 15-05-2015 → 13-12-2017 |
| KPMG Bedrijfsrevisoren BV/SRL Statutory auditor · represented by Kristof Van Linden |
- | - → 06-10-2025 |
| KPMG Réviseurs d'Entreprises Statutory auditor · represented by Kristof Van Linden |
- | 13-12-2017 → 13-12-2017 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Installatie van isolatie(43230) |
| Legal form | Public limited company(014) |
| Incorporation | 10-01-2014 |
| Status | Active |
| Postal code | 1020 |
Structure & network
Connections & network
1 connected companyGroup structure
Parent · 419 subsidiaries · 7 locations
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationDEXION
since 20142.227.452.174
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.5 ha
Buildings1
Building footprint3,341 m²
Volume (LiDAR)94,856 m³
Tallest building35.9 m · ±10 fl.
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.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
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
29 acts Capital history · 1
05-01-2016
v3.2
All acts · 29
updated 7 months ago
2026
09-01-2026 1 director appointed, 1 resigning
- Andrés Mugica Achalandabaso, Bestuurder
- Mario Ruiz Escribano, Bestuurder
Summary:
v3.2
09-01-2026 1 director appointed, 1 resigning
- Andrés Mugica Achalandabaso, Bestuurder
- Mario Ruiz Escribano, Bestuurder
Summary:
v3.2
2025
05-11-2025 1 director appointed, 1 resigning
05-11-2025 Kristof Van Linden resigns as statutory auditor
22-08-2025 5 reappointed
- Jesus Calvo Moreira, Bestuurder
- Guido De Cock, Bestuurder
- Robertus Nas, Bestuurder
- Sergio Rodriguez Cuesta, Bestuurder
- Mario Ruiz Escribano, Bestuurder
Summary:
v3.2
22-08-2025 5 reappointed
- Jesus Calvo Moreira, Bestuurder
- Guido De Cock, Bestuurder
- Robertus Nas, Bestuurder
- Sergio Rodriguez Cuesta, Bestuurder
- Mario Ruiz Escribano, Bestuurder
Summary:
v3.2
2023
08-11-2023 Articles of association amended
Summary:
v3.2
08-11-2023 Articles of association amended
Summary:
v3.2
24-08-2023 KPMG Bedrijfsrevisoren BV reappointed as statutory auditor
24-08-2023 KPMG Réviseurs d'Entreprises SRL reappointed as statutory auditor
2021
10-03-2021 1 director appointed, 1 resigning
10-03-2021 1 director appointed, 1 resigning
2020
27-11-2020 KPMG Bedrijfsrevisoren BV reappointed as statutory auditor
27-11-2020 KPMG Réviseurs d'Entreprises SRL reappointed as statutory auditor
2019
05-06-2019 Guido De Cock reappointed as managing director
05-06-2019 Guido De Cock reappointed as managing director
09-05-2019 4 directors appointed, 3 resigning
- Mario Ruiz Escribario, Bestuurder
- Jesus Calvo Moreira, Bestuurder
- Frank Pohl, Bestuurder
- Roy Nas, Bestuurder
- Richard Moss, Bestuurder
- Richard Moss, Gedelegeerd bestuurder
- Pierre Platteau, Bestuurder
Summary:
v3.2
09-05-2019 4 directors appointed, 2 resigning
- Mario Ruiz Escribano, Bestuurder
- Jesus Calvo Moreira, Bestuurder
- Frank Pohl, Bestuurder
- Roy Nas, Bestuurder
- Richard Moss, Bestuurder
- Pierre Platteau, Bestuurder
Summary:
v3.2
2018
11-05-2018 Change in the board of directors
Summary:
v3.2
11-05-2018 Change in the board of directors
Summary:
v3.2
First 20 of 29 acts
Analysis
Snowflake analysis
financial profile on 5 axes71
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
81
Profitability
16
Solvency
92
Growth
68
Stability
100
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameFR | DEXION |
Registered office
Esplanade 50 bus B
1020 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.