DOVY CONSTRUCT
ActiveSummary
DOVY CONSTRUCT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.78M and a net result of €416k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-4
Solvency42=
Growth54▼-16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.43 in 2024; short-term debt: 4.4% and cash: 0.2% of total assets), but 83.3% 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○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 · 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
16.7%
Return on assets
0.6%
Age of the figures
9 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
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
64 d early
2022
35 d early
2021
45 d early
2020
16 d early
2019
14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.14M▲ 9.7%
2024 · €6.51M
2018: €4.36M
2019: €5.51M
2020: €5.60M
2021: €6.05M
2022: €6.68M
2023: €6.44M
2024: €6.51M
2018 → 2025
EBIT margin
27.0%▼ 5.4pp
2024 · 32.4%
2018: 29.9%
2019: 44.1%
2020: 44.3%
2021: 46.4%
2022: 38.1%
2023: 41.0%
2024: 32.4%
2018 → 2025
Net result
€416k▼ 41.1%
2024 · €707k
2018: €457k
2019: €1.20M
2020: €1.37M
2021: €1.56M
2022: €1.33M
2023: €1.26M
2024: €707k
2018 → 2025
Working capital
€1.48M▲ 17.8%
2024 · €1.26M
2018: €-11.83M
2019: €-9.21M
2020: €-10.20M
2021: €-13.52M
2022: €-16.06M
2023: €-2.15M
2024: €1.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.05M-€6.68M▲ 10.5%€6.44M▼ 3.6%€6.51M▲ 1.1%€7.14M▲ 9.7%
Equity€7.07M-€8.40M▲ 18.8%€9.66M▲ 14.9%€10.37M▲ 7.3%€10.78M▲ 4.0%
Operating result€2.81M-€2.55M▼ 9.3%€2.64M▲ 3.8%€2.11M▼ 20.2%€1.93M▼ 8.6%
Net result€1.56M-€1.33M▼ 14.8%€1.26M▼ 5.5%€707k▼ 43.7%€416k▼ 41.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64.45M
Fixed assets
€60.11M ▲ 8.0%
Current assets
€4.34M ▲ 3.3%
Equity and liabilities €64.45M
Equity
€10.78M ▲ 4.0%
Debt
€53.67M ▲ 8.5%
Debt's share of the balance-sheet total rises from 82.7% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.26M▲
2024 · €4.19M
Cash flow
€2.75M▼
2024 · €2.79M
Current ratio
1.52▲
2024 · 1.43
Debt to equity
4.98▲
2024 · 4.77
ROE
3.9%▼
2024 · 6.8%
ROA
0.6%▼
2024 · 1.2%
Interest coverage
2.89▼
2024 · 3.44
Debt ≤ 1 year
€2.85M▼
2024 · €2.94M
Debt > 1 year
€50.81M▲
2024 · €46.54M
Income taxes
€151k▼
2024 · €250k
Staff costs
€1.40M▲
2024 · €1.22M
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 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59.84M€64.45M▲
Fixed assets21/28€55.64M€60.11M▲
Tangible fixed assets22/27€52.30M€56.79M▲
Land and buildings22€52.30M€56.79M▲
Financial fixed assets28€3.34M€3.32M▼
Affiliated companies280/1€3.33M€3.32M▼
Participating interests280€3.33M€3.32M▼
Other financial fixed assets284/8€5k€5k=
Amounts receivable and cash guarantees285/8€5k€5k=
Current assets29/58€4.20M€4.34M▲
Amounts receivable after more than one year29€3.88M€3.73M▼
Other amounts receivable291€3.88M€3.73M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€227k€413k▲
Trade receivables40€1k€681▼
Other amounts receivable41€226k€412k▲
Cash at bank and in hand54/58€88k€135k▲
Deferred charges and accrued income490/1€10k€61k▲
Equity and liabilities
Total equity and liabilities10/49€59.84M€64.45M▲
Equity10/15€10.37M€10.78M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10.30M€10.72M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€10.29M€10.71M▲
Amounts payable17/49€49.48M€53.67M▲
Amounts payable after more than one year17€46.54M€50.81M▲
Financial debts170/4€24.99M€27.44M▲
Credit institutions173€24.99M€27.44M▲
Other amounts payable178/9€21.55M€23.37M▲
Amounts payable within one year42/48€2.94M€2.85M▼
Current portion of amounts payable after more than one year42€2.58M€2.78M▲
Trade debts44€259k€31k▼
Suppliers440/4€259k€31k▼
Taxes, remuneration and social security45€98k€44k▼
Taxes450/3€2k€875▼
Remuneration and social security454/9€96k€43k▼
Income statement
Code20242025
Operating income70/76A€6.67M€7.36M▲
Turnover70€6.51M€7.14M▲
Other operating income74€162k€224k▲
Non-recurring operating income76A€0-
Operating charges60/66A€4.56M€5.44M▲
Services and other goods61€872k€609k▼
Remuneration, social security and pensions62€1.22M€1.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.08M€2.34M▲
Other operating charges640/8€317k€362k▲
Non-recurring operating charges66A€75k€732k▲
Operating profit (loss)9901€2.11M€1.93M▼
Financial income75/76B€70k€117k▲
Recurring financial income75€70k€117k▲
Income from current assets751€68k€112k▲
Other financial income752/9€2k€5k▲
Financial charges65/66B€1.22M€1.48M▲
Recurring financial charges65€1.22M€1.48M▲
Debt charges650€1.22M€1.47M▲
Other financial charges652/9€5k€4k▼
Profit (loss) for the period before taxes9903€957k€567k▼
Income taxes67/77€250k€151k▼
Taxes670/3€250k€151k▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€707k€416k▼
Profit (loss) for the period to be appropriated9905€707k€416k▼
Appropriation of the result
Profit (loss) to be appropriated9906€707k€416k▼
Transfer to equity691/2€707k€416k▼
To other reserves6921€707k€416k▼
Social balance
Average headcount (FTE)908718.018.4▲
The notes to these accounts (62 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €416k ▼41.1%
Net result drops to €416k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 5current ratio 1.43
Current ratio from 0.31 to 1.43; short-term debt falls from €3.13M to €2.94M.
31-12
Financial
Equity above €10MEq €10.37M ▲7.3%
7 profitable years in a row build equity to €10.37M.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.56M ▲14%
Operating result €2.81M, net result €1.56M, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €5MEq €5.51M ▲33%
3 profitable years in a row build equity to €5.51M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Roeselare · 1 establishment unit since 2010
Ground area
6.5 ha
Building footprint
4.4 ha
Volume, LiDAR
246,409 m³
Parcel 36505A0724/00P003, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
DOVY CONSTRUCT
since 20102.192.406.470
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0724/00P003 | Flanders | 6.5 ha | 1 · 4.4 ha | 11.6 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.
Similar companies · same sector, comparable size
CBRE Investment Management Belgium
BE 0413.280.772
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G & C HOLDING
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WARINSART
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Antwerpen · Eq €11.27M
AGEMAR
BE 0427.641.128
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SERVICES TECHNIQUES D'IMMEUBLES
BE 0436.348.263
Liège · Eq €11.72M
Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
68321Property management for co-owned buildings (syndics)
23700Cutting, shaping and finishing of stone
31002Manufacture of furniture
43223Specialised construction activities
46150Agents in the wholesale of furniture, household goods and hardware
46471Wholesale trade
46839Wholesale trade
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.