DS CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DS CONSTRUCT is 0.7% (low). The 2024 annual accounts show equity of €178k and a net result of €52k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 25% of 333 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	28-07-2025	3 d early	2025-00332039
31-12-2023	31-07-2024	23-07-2024	8 d early	2024-00291378
31-12-2022	31-07-2023	10-07-2023	21 d early	2023-00243031
31-12-2021	31-07-2022	11-07-2022	20 d early	2022-20180286
31-12-2020	31-07-2021	27-07-2021	4 d early	2021-41200307
31-12-2019	31-07-2020	28-07-2020	3 d early	2020-35100294
31-12-2018	31-07-2019	26-07-2019	5 d early	2019-38700396
31-12-2017	31-07-2018	23-07-2018	8 d early	2018-36700494
31-12-2016	31-07-2017	26-07-2017	5 d early	2017-35600531
31-12-2015	31-07-2016	04-07-2016	27 d early	2016-26700551

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1999, 27 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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −

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€52k

Working capital€199k-83.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~4%/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 2024 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	7.6%	24.2%	better than 25% of 333 sector peers
Net result	€52k	€16k	better than 71% of 333 sector peers
Equity	€178k	€73k	better than 65% of 333 sector peers
Gross operating margin	€74k	€81k	better than 48% of 333 sector peers
Employees (FTE)	0.0	2.0	better than 12% of 160 sector peers

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).

Solvency P25

Weakening position over 2021-2024 · n=172-333

Net result P71

Weakening position over 2021-2024 · n=172-333

Equity P65

Stable position over 2021-2024 · n=172-333

Gross operating margin P48

Stable position over 2021-2024 · n=172-333

Describes the position versus peers, not a forecast.

EBITDA

€73k

- 18-24

Net profit

€52k

- 18-24

Cash flow

€60k

- 18-24

Total assets

€2.35M

+47.9% 18-24

Equity

€178k

+41.6% 18-24

Working capital

€199k

-83.0% 18-24

Employees (FTE)

0

- 18-24

Income taxes

€5k

- 18-24

Dividends

€0

- 18-24

Debt

€2.17M

+48.4% 18-24

Debt ≤ 1y

€2.07M

+538.2% 18-24

Debt > 1y

€105k

-90.6% 18-24

Current ratio

1.10

-76.3% 18-24

Quick ratio

0.06

-60.6% 18-24

Solvency

7.6%

-4.3% 18-24

Debt / equity

12.18

+4.8% 18-24

ROE

29.4%

- 18-24

ROA

2.2%

- 18-24

Interest coverage

5.71

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€73k
Net profit	€52k
Cash flow	€60k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€2.35M
Equity	€178k
Debt	€2.17M
of which ≤ 1y	€2.07M
of which > 1y	€105k
Working capital	€199k
Employees (FTE)	0.0

Ratios (computed)

	2024
Current ratio	1.10
Quick ratio	0.06
Working capital ratio	8.5%
Solvency	7.6%
Debt / equity	12.18
Long-term debt ratio	0.59
Interest coverage	5.71
Gross margin	-
Net margin	-
ROA	2.2%
ROE	29.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €86k · 3.7% Current assets €2.26M · 96.3%

Equity & liabilities

Equity €178k · 7.6% Debt €2.17M · 92.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.35M
Fixed assets	21/28	€86k
Tangible fixed assets	22/27	€86k
Current assets	29/58	€2.26M
Stocks & contracts in progress	3	€2.14M
Amounts receivable within one year	40/41	€112k
Cash & bank	54/58	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.35M
Equity	10/15	€178k
Contributions / capital	10/11	€19k
Reserves	13	€160k
Accumulated profits (losses)	14	€-63k
Amounts payable	17/49	€2.17M
Amounts payable after one year	17	€105k
Amounts payable within one year	42/48	€2.07M
Trade debts payable within one year	44	€125k
Income statement
Gross operating margin	9900	€74k
Operating result	9901	€65k
Financial income	75	€0
Financial charges	65	€13k
Result before taxes	9903	€52k
Net result for the period	9904	€52k
Result to be appropriated	9905	€52k

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 2024 · computed

66 / 100 Healthy

050100

Computed from 5 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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Schuurputstraat(B) 29290 Berlare

Establishment units

1 location

Veldeken 163, 9240 Zele

ALGEMENE COöRDIN.WERKZAAMHEDEN BOUWWERF

since 19992.090.987.725

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,383 m²

Buildings2

Building footprint445 m²

Volume (LiDAR)2,509 m³

Tallest building9.0 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42003B0300/00A000	Flanders	1,397 m²	1 · 235 m²	9.0 m · 2 fl.
42402C1662/00D000	Flanders	987 m²	1 · 210 m²	7.8 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

63 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 66

Profitability 100

Solvency 18

Growth 32

Stability 100

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