2B Construct
ActiveSummary
2B Construct has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €991,412 and a net result of €278,624. Equity is growing by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability76▲+5
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.35 in 2025; short-term debt: 79.6% and cash: 0.1% of total assets), and 80.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2026Solvency, return and age of the figures
Solvency
19.4%
Return on assets
5.5%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-06-2026, 138 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
138 d early
2025
3 d early
2024
113 d late
2023
114 d late
2022
50 d late
2021
163 d early
2020
202 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 20 December (4 of the last 5 filed years within 64 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€991,412▲ 31.0%
2025 · €756,928
Total assets
€5.1m▲ 5.2%
2025 · €4.9m
Net result
€278,624▲ 169%
2025 · €103,573
Working capital
-€2.2m▲ 18.3%
2025 · -€2.6m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€12,557€40,486▲ 222%-€47,562€116,968€340,939▲ 191%
Net result€12,208within the sector's middle half€24,891within the sector's middle half▲ 104%-€51,430below the sector's middle half€103,573above the sector's middle half€278,624▲ 169%
Equity€679,893above the sector's middle half▲ 1.8%€704,785above the sector's middle half▲ 3.7%€653,355above the sector's middle half▼ 7.3%€756,928above the sector's middle half▲ 15.9%€991,412▲ 31.0%
Total assets€1.6mabove the sector's middle half▲ 3.8%€4.2mabove the sector's middle half▲ 159%€4.5mabove the sector's middle half▲ 5.3%€4.9mabove the sector's middle half▲ 8.5%€5.1m▲ 5.2%
Debt€960,592▲ 5.2%€3.5m▲ 269%€3.8m▲ 7.8%€4.1m▲ 7.3%€4.1m▼ 0.6%
Working capital-€320,161below the sector's middle half▲ 7.4%-€2.8mbelow the sector's middle half▼ 779%-€2.8mbelow the sector's middle half▼ 1.1%-€2.6mbelow the sector's middle half▲ 7.1%-€2.2m▲ 18.3%
Solvency41.4%within the sector's middle half▼ 0.8pp16.6%below the sector's middle half▼ 24.8pp14.6%below the sector's middle half▼ 2.0pp15.6%below the sector's middle half▲ 1.0pp19.4%▲ 3.8pp
Current ratio0.67below the sector's middle half▲ 0.050.20below the sector's middle half▼ 0.460.25below the sector's middle half▲ 0.050.35below the sector's middle half▲ 0.100.47▲ 0.11
Return on assets (ROA)0.7%within the sector's middle half▲ 9.8pp0.6%within the sector's middle half▼ 0.2pp-1.2%below the sector's middle half▼ 1.7pp2.1%within the sector's middle half▲ 3.3pp5.5%▲ 3.3pp
Staff (FTE)3.74.3▲ 16.2%4▼ 7.0%5.4▲ 35.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2026 Net result +169% on 2025. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 191% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5.1m
Fixed assets
€3.2m ▼ 6.0%
Current assets
€1.9m ▲ 31.7%
Equity and liabilities €5.1m
Equity
€991,412 ▲ 31.0%
Provisions
€44,141
Debt
€4.1m ▼ 0.6%
Debt's share of the balance-sheet total falls from 84.4% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€477,762▲
2025 · €255,730
Cash flow
€415,447▲
2025 · €242,336
Quick ratio
0.41▲
2025 · 0.29
Debt to equity
4.11▼
2025 · 5.41
ROE
28.1%▲
2025 · 13.7%
Interest coverage
29.16▲
2025 · 18.76
Debt ≤ 1 year
€4.1m▼
2025 · €4.1m
Debt > 1 year
€5,663=
2025 · €5,663
Income taxes
€45,930
Staff costs
€334,631▲
2025 · €234,997
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €3,600 | - | €181,160 | - |
| Remuneration, social security and pensions62 | €66,498 | €164,012 | €244,649 | €234,997 | €334,631 | ▲ 42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,454 | €72,953 | €134,340 | €138,762 | €136,823 | ▼ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €77,449 | €115,589 | - | - |
| Other operating charges640/8 | €51,901 | €90,340 | €70,091 | €117,902 | €92,831 | ▼ 21.3% |
| Non-recurring operating charges66A | - | - | €28,032 | - | - | - |
| Gross operating margin9900 | €144,410 | €367,792 | €506,999 | €724,217 | €905,225 | ▲ 25.0% |
| Operating profit (loss)9901 | €12,557 | €40,486 | -€47,562 | €116,968 | €340,939 | ▲ 191% |
| Financial income75/76B | €0 | €0 | €491 | €240 | - | - |
| Recurring financial income75 | €0 | €0 | €491 | €240 | - | - |
| Financial charges65/66B | €349 | €4,327 | €4,359 | €13,634 | €16,385 | ▲ 20.2% |
| Recurring financial charges65 | €349 | €4,327 | €4,359 | €13,634 | €16,385 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | €12,208 | €36,159 | -€51,430 | €103,573 | €324,554 | ▲ 213% |
| Income taxes67/77 | €0 | €11,267 | - | - | €45,930 | - |
| Profit (loss) for the period9904 | €12,208 | €24,891 | -€51,430 | €103,573 | €278,624 | ▲ 169% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €176,565 | - |
| Profit (loss) for the period to be appropriated9905 | €12,208 | €24,891 | -€51,430 | €103,573 | €102,060 | ▼ 1.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €4.2m | €4.5m | €4.9m | €5.1m | ▲ 5.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.0m | €3.5m | €3.5m | €3.4m | €3.2m | ▼ 6.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €962,579 | €3.5m | €3.5m | €3.4m | €3.2m | ▼ 6.1% |
| Land and buildings22 | €939,007 | €3.5m | €3.4m | €3.4m | €3.2m | ▼ 6.0% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €2,436 | - | - | - | - | - |
| Other tangible fixed assets26 | €21,136 | €17,786 | €14,436 | €11,086 | €7,736 | ▼ 30.2% |
| Financial fixed assets28 | €40,588 | €40,588 | €40,588 | €40,588 | €40,588 | = |
| Current assets29/58 | €637,318 | €724,195 | €967,094 | €1.4m | €1.9m | ▲ 31.7% |
| Stocks and contracts in progress3 | €328,357 | €306,883 | €306,883 | €243,544 | €243,544 | = |
| Stocks30/36 | €328,357 | €306,883 | €306,883 | €243,544 | €243,544 | = |
| Amounts receivable within one year40/41 | €291,206 | €404,572 | €626,177 | €1.2m | €1.7m | ▲ 39.3% |
| Trade receivables40 | €264,116 | €325,002 | €580,650 | €1.1m | €1.3m | ▲ 21.1% |
| Other amounts receivable41 | €27,090 | €79,570 | €45,527 | €113,322 | €353,333 | ▲ 212% |
| Cash at bank and in hand54/58 | €7,631 | €2,616 | €24,515 | €5,160 | €6,451 | ▲ 25.0% |
| Deferred charges and accrued income490/1 | €10,124 | €10,124 | €9,519 | €9,519 | €20 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €4.2m | €4.5m | €4.9m | €5.1m | ▲ 5.2% |
| Equity10/15 | €679,893 | €704,785 | €653,355 | €756,928 | €991,412 | ▲ 31.0% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Revaluation surpluses12 | €620,000 | €620,000 | €620,000 | €620,000 | €620,000 | = |
| Reserves13 | €50,711 | €50,711 | €50,711 | €50,711 | €183,134 | ▲ 261% |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | €20,753 | €20,753 | €20,753 | €20,753 | €153,176 | ▲ 638% |
| Distributable reserves133 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Profit (loss) carried forward14 | -€240,817 | -€215,926 | -€267,356 | -€163,782 | -€61,723 | ▲ 62.3% |
| Provisions and deferred taxes16 | - | - | - | - | €44,141 | - |
| Deferred taxes168 | - | - | - | - | €44,141 | - |
| Amounts payable17/49 | €960,592 | €3.5m | €3.8m | €4.1m | €4.1m | ▼ 0.6% |
| Amounts payable after more than one year17 | €3,113 | €3,113 | €5,663 | €5,663 | €5,663 | = |
| Other amounts payable178/9 | €3,113 | €3,113 | €5,663 | €5,663 | €5,663 | = |
| Amounts payable within one year42/48 | €957,479 | €3.5m | €3.8m | €4.1m | €4.1m | ▼ 0.6% |
| Trade debts44 | €178,282 | €207,391 | €652,992 | €681,735 | €531,426 | ▼ 22.0% |
| Suppliers440/4 | €178,282 | €207,391 | €652,992 | €681,735 | €531,426 | ▼ 22.0% |
| Advances received on contracts in progress46 | €211,462 | €211,462 | €211,462 | €211,462 | €622,712 | ▲ 194% |
| Taxes, remuneration and social security45 | €73,577 | €66,716 | €108,823 | €147,342 | €144,405 | ▼ 2.0% |
| Taxes450/3 | €63,763 | €66,716 | €34,985 | €15,747 | €62,322 | ▲ 296% |
| Remuneration and social security454/9 | €9,814 | - | €73,838 | €131,596 | €82,083 | ▼ 37.6% |
| Other amounts payable47/48 | €494,158 | €3.1m | €2.8m | €3.0m | €2.8m | ▼ 9.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,208 | €24,891 | -€51,430 | €103,573 | €278,624 | ▲ 169% |
| + Depreciation and write-downs630 | €13,454 | €72,953 | €134,340 | €138,762 | €136,823 | ▼ 1.4% |
| Operating cash flow (approximation) | €25,662 | €97,845 | €82,910 | €242,336 | €415,447 | ▲ 71.4% |
| Investment in fixed assets (approximation) | - | -€2.6m | -€115,727 | -€40,191 | €67,418 | ▲ 268% |
| Change in cash | - | -€5,015 | €21,899 | -€19,355 | €1,291 | ▲ 107% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Highest result since 2019net €278,624 ▲169%
Operating result €340,939, net result €278,624, both a record.
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €103,573
Net result €103,573 after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
31-03
Financial
Back to profitnet €12,208
Net result €12,208 after one loss-making year.
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 202 days late
2020
31-03
Financial
Back to profitnet €166,348
Net result €166,348 after one loss-making year.
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 206 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1990
Ground area
1,564 m²
Building footprint
704 m²
Volume, LiDAR
7,083 m³
Parcel 44062A0266/00C002, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BEX BOUWBEDRIJF NV
since 19902.050.727.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0266/00C002 | Flanders | 1,564 m² | 1 · 704 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
KOVO CONSTRUCT
BE 0890.817.217
Essen · Eq €756,952
VANDERBAUT
BE 0821.236.840
Brugge · Eq €757,105
JABE DISTRIBUTION
BE 0415.355.186
Tournai · Eq €756,607
MI - TECH
BE 0464.757.187
Anzegem · Eq €756,236
Algemene Bouwwerken Peter Boeykens
BE 0643.550.953
Willebroek · Eq €758,024
Of 29,766 companies in this sector we hold annual accounts for 16,055. 7,586 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded14-11-1990
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Phone
09 242 88 88Gent
Fax
09 242 88 42Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441962682
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.