ACTIVE

DERO CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

-91,4 k €

-164.8% YoY

Revenue

30,6 M €

-14.7% YoY

Equity

5 M €

-1.8% YoY

Workforce

88,2 ETP

+1.7% YoY

What does DERO CONSTRUCT do?

DERO CONSTRUCT is a Public limited company incorporated in 1989. Its registered office is in Zele. It employs on average 88,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.608.651

Incorporation

22/12/1989

Legal form

Public limited company

Registered office

Lokerenbaan 39
9240 Zele · FlandreSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

88,2 ETP

Joint committees (4)

Signals

Low riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	30,6 M €	-14.7%	35,8 M €	+2.6%	34,9 M €	+7.5%	32,5 M €	+16.4%	27,9 M €	+13.6%	24,5 M €	+4.0%	23,6 M €	-3.7%	24,5 M €	-1.4%	24,9 M €	-2.9%	25,6 M €	+23.2%	20,8 M €	-9.1%	22,8 M €	+4.3%	21,9 M €	+13.4%	19,3 M €	+20.7%	16 M €	+13.7%	14,1 M €	+5.6%	13,3 M €	-17.3%	16,1 M €	-5.4%	17 M €
EBITDA	735,4 k €	-25.4%	986,4 k €	-4.1%	1 M €	+1.4%	1 M €	+37.4%	738,3 k €	+30.4%	566,2 k €	-43.1%	994,3 k €	+12.9%	880,7 k €	+24.7%	706,4 k €	+28.4%	550,3 k €	+22.7%	448,3 k €	-23.9%	589 k €	-25.5%	790,5 k €	+43.8%	549,6 k €	-2.9%	566,2 k €	+13.5%	498,8 k €	+397%	100,3 k €	-83.9%	623,3 k €	-9.1%	685,9 k €
Operating result	114,4 k €	-64.1%	318,5 k €	-16.2%	380,2 k €	+11.8%	340,1 k €	+57.5%	216 k €	+83.9%	117,4 k €	-78.8%	553,2 k €	+13.1%	489,3 k €	+9.8%	445,7 k €	+36.3%	326,9 k €	+30.7%	250,2 k €	-34.5%	382 k €	-20.0%	477,4 k €	+102%	236,6 k €	-35.4%	366,3 k €	+124%	163,7 k €	+26.4%	129,6 k €	-60.4%	327,4 k €	-5.1%	345 k €
Net result	-91,4 k €	-165%	141,1 k €	-31.2%	205 k €	+7.6%	190,5 k €	+92.5%	98,9 k €	+122%	44,6 k €	-85.6%	310,6 k €	+0.5%	309 k €	+21.0%	255,3 k €	+12.0%	227,8 k €	+3.9%	219,2 k €	-4.6%	229,8 k €	-14.6%	269,2 k €	-45.4%	492,9 k €	+296%	124,6 k €	-56.3%	285 k €	+202%	94,4 k €	-29.8%	134,5 k €	-72.4%	487,4 k €
Balance sheet
Equity	5 M €	-1.8%	5,1 M €	+2.8%	5 M €	+4.3%	4,8 M €	+4.2%	4,6 M €	+2.2%	4,5 M €	+1.0%	4,4 M €	+7.5%	4,1 M €	+8.1%	3,8 M €	+7.2%	3,6 M €	+6.8%	3,3 M €	+3.1%	3,2 M €	-2.7%	3,3 M €	+8.8%	3 M €	+19.3%	2,6 M €	+5.0%	2,4 M €	+13.1%	2,2 M €	+4.3%	2,1 M €	+6.7%	1,9 M €
Total assets	17 M €	+6.9%	15,9 M €	-17.0%	19,1 M €	+17.8%	16,2 M €	+17.1%	13,8 M €	+4.0%	13,3 M €	-1.6%	13,5 M €	+9.9%	12,3 M €	+1.7%	12,1 M €	+13.8%	10,7 M €	+2.5%	10,4 M €	+6.0%	9,8 M €	-15.4%	11,6 M €	-1.4%	11,8 M €	+5.2%	11,2 M €	+27.8%	8,7 M €	+18.3%	7,4 M €	+2.6%	7,2 M €	-5.9%	7,7 M €
Cash	381,4 k €	+30.7%	291,9 k €	-87.6%	2,4 M €	+278%	623,7 k €	+280%	163,9 k €	-24.1%	215,9 k €	-50.1%	432,3 k €	-13.8%	501,4 k €	+83.2%	273,7 k €	-24.9%	364,6 k €	-70.2%	1,2 M €	+45.1%	842,9 k €	-45.4%	1,5 M €	+860%	160,8 k €	-74.9%	640,9 k €	+17.1%	547,4 k €	+336%	125,7 k €	-55.4%	281,6 k €	+121%	127,4 k €
Debts	11,7 M €	+11.9%	10,5 M €	-23.7%	13,7 M €	+22.0%	11,2 M €	+23.6%	9,1 M €	+4.7%	8,7 M €	-3.2%	9 M €	+10.8%	8,1 M €	-1.3%	8,2 M €	+17.2%	7 M €	+0.3%	7 M €	+9.5%	6,4 M €	-21.9%	8,2 M €	-5.3%	8,6 M €	+1.1%	8,5 M €	+37.1%	6,2 M €	+21.1%	5,1 M €	+1.8%	5 M €	-10.1%	5,6 M €
Other
Workforce	88,2 ETP	+1.7%	86,7 ETP	+3.2%	84,0 ETP	-2.0%	85,7 ETP	-4.6%	89,8 ETP	+0.6%	89,3 ETP	-1.9%	91,0 ETP	-2.5%	93,3 ETP	-0.5%	93,8 ETP	+4.1%	90,1 ETP	-0.1%	90,2 ETP	+3.0%	87,6 ETP	+2.2%	85,7 ETP	+3.1%	83,1 ETP	-1.1%	84,0 ETP	+15.1%	73,0 ETP	-1.7%	74,3 ETP	-6.7%	79,6 ETP	-7.0%	85,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 33 ended

Active mandates

Ing. Stefanie De Roover

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ing. Wim De Thaey

Managing director · since 18 décembre 2023 · until 18 décembre 2029

Active

ir. Paul De Roover

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Roeland De Geyter

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ended mandates

Ing. Stefanie De Roover

Director · since 05 septembre 2022 · until 02 mai 2028

Ended

Ing. Wim De Thaey

Managing director · since 05 septembre 2022 · until 04 mai 2026

Ended

ir. Paul De Roover

Director · since 05 septembre 2022 · until 04 mai 2026

Ended

Roeland De Geyter

Director · since 05 septembre 2022 · until 02 mai 2028

Ended

At this address

Other companies at this address

Company	CBE no.
DERO GROUP● Active	0508.681.955
MOERLINDE● Active	0479.324.510
THV Dero Construct/G-Build● Active	0672.471.405
THV Dero Construct - Wycor● Active	0666.477.102
TM Dero Construct - Wycor● Active	0801.616.116
TM Dero Construct – Wycor Dom Savio Groot-Bijgaarden● Active	0745.583.174

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2026	30/06/2025	28/06/2024	20/06/2023	25/05/2022	22/06/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	02/05/2023	23/05/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	08/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	23/05/2022	25/05/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	01/07/2020	Dutch	PDF
Full model	31/12/2018	06/05/2019	29/05/2019	Dutch	PDF
Full model	31/12/2017	07/05/2018	01/06/2018	Dutch	PDF
Full model	31/12/2016	22/05/2017	20/06/2017	Dutch	PDF
Full model	31/12/2015	23/05/2016	03/06/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	03/06/2014	Dutch	PDF
Full model	31/12/2012	06/05/2013	05/06/2013	Dutch	PDF
Full model	31/12/2011	07/05/2012	04/06/2012	Dutch	PDF
Full model	31/12/2010	02/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	24/05/2010	24/06/2010	Dutch	PDF
Full model	31/12/2008	04/05/2009	11/06/2009	Dutch	PDF
Full model	31/12/2007	05/05/2008	03/06/2008	Dutch	PDF
Full model	31/12/2006	28/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 33 ended

Active mandates

Ing. Stefanie De Roover

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ing. Wim De Thaey

Managing director · since 18 décembre 2023 · until 18 décembre 2029

Active

ir. Paul De Roover

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Roeland De Geyter

Director · since 18 décembre 2023 · until 18 décembre 2029

Active

Ended mandates

Ing. Stefanie De Roover

Director · since 05 septembre 2022 · until 02 mai 2028

Ended

Ing. Wim De Thaey

Managing director · since 05 septembre 2022 · until 04 mai 2026

Ended

ir. Paul De Roover

Director · since 05 septembre 2022 · until 04 mai 2026

Ended

Roeland De Geyter

Director · since 05 septembre 2022 · until 02 mai 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates26/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/12/2012
KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-91,4 k €↓
2024
Annual accounts 2024141,1 k €↓
2023
Annual accounts 2023205 k €↑
2022
Annual accounts 2022190,5 k €↑
2021
Annual accounts 202198,9 k €↑
2020
Annual accounts 202044,6 k €↓
2019
Annual accounts 2019310,6 k €↑
2018
Annual accounts 2018309 k €↑
2017
Annual accounts 2017255,3 k €↑
2016
Annual accounts 2016227,8 k €↑
2015
Annual accounts 2015219,2 k €↓
2014
Annual accounts 2014229,8 k €↓
2013
Annual accounts 2013269,2 k €↓
2012
Annual accounts 2012492,9 k €↑
2011
Annual accounts 2011124,6 k €↓
2010
Annual accounts 2010285 k €↑
2009
Annual accounts 200994,4 k €↓
2008
Annual accounts 2008134,5 k €↓
2007
Annual accounts 2007487,4 k €
22/12/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DERO CONSTRUCT

Overview

What does DERO CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline