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2B CONSTRUCTIVE

Active
Private limited companyfounded 1998active for 28 yearsKapellelaan 316, 1860 Meise, BelgiumKBO/BCE: BE 0462.828.867

From the official registers: KBO 27 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

2B CONSTRUCTIVE has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208,642 and a net result of €72,866. Equity is growing by about 60% per year across the filed financial years. Its solvency ranks better than 78% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
30-09-2025
Filed on
30-04-2026
Format
abbreviated format
Reference
2026-00099744
Turnover
≈ €220,000
Estimated: probably between €120,000 and €470,000
Total assets
€308,002▲ 10.3%
2024 · €279,250
Net result
€72,866▲ 63.1%
2024 · €44,668
Working capital
€274,923▲ 38.6%
2024 · €198,411
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 42% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€76,251 2025 Net result€72,866 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€7,181-€7,160€10,240▲ 43.0%€15,490▲ 51.3%€105,246▲ 579%€53,788▼ 48.9%€76,251▲ 41.8%
Net result-€13,870-€28,370within the sector's middle half€3,477within the sector's middle half▼ 87.7%-€7,300within the sector's middle half€66,688within the sector's middle half€44,668within the sector's middle half▼ 33.0%€72,866within the sector's middle half▲ 63.1%
Equity€8,785-€37,155below the sector's middle half▲ 323%€31,720below the sector's middle half▼ 14.6%€24,420below the sector's middle half▼ 23.0%€91,108within the sector's middle half▲ 273%€135,776within the sector's middle half▲ 49.0%€208,642within the sector's middle half▲ 53.7%
Total assets€230,025-€255,322below the sector's middle half▲ 11.0%€227,993below the sector's middle half▼ 10.7%€235,615below the sector's middle half▲ 3.3%€188,946below the sector's middle half▼ 19.8%€279,250below the sector's middle half▲ 47.8%€308,002below the sector's middle half▲ 10.3%
Debt€75,341-€72,269▼ 4.1%€50,375▼ 30.3%€65,298▲ 29.6%€26,940▼ 58.7%€72,576▲ 169%€28,462▼ 60.8%
Working capital€91,078-€127,716within the sector's middle half▲ 40.2%€133,800within the sector's middle half▲ 4.8%€139,449within the sector's middle half▲ 4.2%€147,028within the sector's middle half▲ 5.4%€198,411within the sector's middle half▲ 34.9%€274,923within the sector's middle half▲ 38.6%
Solvency3.8%-14.6%within the sector's middle half▲ 10.7pp13.9%within the sector's middle half▼ 0.6pp10.4%within the sector's middle half▼ 3.5pp48.2%within the sector's middle half▲ 37.9pp48.6%within the sector's middle half▲ 0.4pp67.7%above the sector's middle half▲ 19.1pp
Current ratio2.56-3.02above the sector's middle half▲ 0.463.88above the sector's middle half▲ 0.863.17above the sector's middle half▼ 0.716.65above the sector's middle half▲ 3.483.77above the sector's middle half▼ 2.8810.97above the sector's middle half▲ 7.21
Return on assets (ROA)-6.0%-11.1%above the sector's middle half▲ 17.1pp1.5%within the sector's middle half▼ 9.6pp-3.1%below the sector's middle half▼ 4.6pp35.3%above the sector's middle half▲ 38.4pp16.0%above the sector's middle half▼ 19.3pp23.7%above the sector's middle half▲ 7.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,002
Fixed assets €5,516 ▼ 39.8%
Current assets €302,485 ▲ 12.0%
Equity and liabilities €308,002
Equity €208,642 ▲ 53.7%
Provisions €70,898 =
Debt €28,462 ▼ 60.8%
Debt's share of the balance-sheet total falls from 26.0% to 9.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€80,624▲
2024 · €60,504
Cash flow
€77,238▲
2024 · €51,384
Debt to equity
0.14▼
2024 · 0.53
ROE
34.9%▲
2024 · 32.9%
Interest coverage
4.00▲
2024 · 2.72
Debt ≤ 1 year
€27,562▼
2024 · €71,676
Income taxes
€30,005▲
2024 · €24,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% 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 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 31,368 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 30-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€279,250€308,002▲
Fixed assets21/28€9,162€5,516▼
Tangible fixed assets22/27€9,162€5,516▼
Furniture and vehicles24€1,563€1,375▼
Other tangible fixed assets26€7,599€4,142▼
Current assets29/58€270,088€302,485▲
Amounts receivable within one year40/41€19,012€20,824▲
Trade receivables40€18,524€20,824▲
Other amounts receivable41€489€0▼
Current investments50/53€217,606€244,961▲
Cash at bank and in hand54/58€23,899€28,578▲
Deferred charges and accrued income490/1€9,569€8,122▼
Equity and liabilities
Total equity and liabilities10/49€279,250€308,002▲
Equity10/15€135,776€208,642▲
Contributions10/11€12,405€12,405=
Reserves13€123,371€196,236▲
Distributable reserves133€123,371€196,236▲
Provisions and deferred taxes16€70,898€70,898=
Provisions for liabilities and charges160/5€70,898€70,898=
Pensions and similar obligations160€70,898€70,898=
Amounts payable17/49€72,576€28,462▼
Amounts payable within one year42/48€71,676€27,562▼
Financial debts43€29,202€0▼
Credit institutions430/8€29,202€0▼
Trade debts44€4,797€520▼
Suppliers440/4€4,797€520▼
Taxes, remuneration and social security45€32,626€18,171▼
Taxes450/3€32,626€18,171▼
Other amounts payable47/48€5,051€8,871▲
Accrued charges and deferred income492/3€900€900=
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,716€4,372▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4,650€5,539▲
Gross operating margin9900€65,153€86,163▲
Operating profit (loss)9901€53,788€76,251▲
Financial income75/76B€37,780€46,797▲
Recurring financial income75€37,780€46,797▲
Financial charges65/66B€22,283€20,177▼
Recurring financial charges65€22,283€20,177▼
Profit (loss) for the period before taxes9903€69,284€102,871▲
Income taxes67/77€24,616€30,005▲
Profit (loss) for the period9904€44,668€72,866▲
Profit (loss) for the period to be appropriated9905€44,668€72,866▲
Appropriation of the result
Profit (loss) to be appropriated9906€44,668€72,866▲
Transfer to equity691/2€44,668€72,866▲
To other reserves6921€44,668€72,866▲
Social balance sheet
Average headcount (FTE)90870.0-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A----€127,691€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,425€17,365€17,477€17,776€17,339€6,716€4,372▼ 34.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€16,200€0--
Other operating charges640/8--€3,693€3,867€19,994€4,650€5,539▲ 19.1%
Gross operating margin9900€15,428€27,925€31,409€37,134€126,379€65,153€86,163▲ 32.2%
Operating profit (loss)9901-€7,181€7,160€10,240€15,490€105,246€53,788€76,251▲ 41.8%
Financial income75/76B--€39,182€16,045€15,710€37,780€46,797▲ 23.9%
Recurring financial income75€19,253€39,862€39,182€16,045€15,710€37,780€46,797▲ 23.9%
Financial charges65/66B--€37,355€30,293€20,649€22,283€20,177▼ 9.5%
Recurring financial charges65€20,295€13,491€37,355€30,293€20,649€22,283€20,177▼ 9.5%
Profit (loss) for the period before taxes9903-€8,223€33,531€12,067€1,242€100,307€69,284€102,871▲ 48.5%
Income taxes67/77€5,646€5,161€8,590€8,543€33,619€24,616€30,005▲ 21.9%
Profit (loss) for the period9904-€13,870€28,370€3,477-€7,300€66,688€44,668€72,866▲ 63.1%
Transfer from tax-exempt reserves789---€8,000€0---
Profit (loss) for the period to be appropriated9905-€13,870€28,370€3,477€700€66,688€44,668€72,866▲ 63.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€230,025€255,322€227,993€235,615€188,946€279,250€308,002▲ 10.3%
Fixed assets21/28€80,443€64,287€47,704€31,828€15,878€9,162€5,516▼ 39.8%
Tangible fixed assets22/27€80,443€64,287€47,704€31,828€15,878€9,162€5,516▼ 39.8%
Furniture and vehicles24--€11,742€7,723€2,709€1,563€1,375▼ 12.1%
Other tangible fixed assets26--€35,962€24,106€13,169€7,599€4,142▼ 45.5%
Current assets29/58€149,581€191,035€180,288€203,787€173,068€270,088€302,485▲ 12.0%
Amounts receivable within one year40/41€125,831€119,641€121,315€137,991€489€19,012€20,824▲ 9.5%
Trade receivables40--€120,832€137,502€0€18,524€20,824▲ 12.4%
Other amounts receivable41--€483€489€489€489€0▼ 100%
Current investments50/53€9,156€2,672€16,881€47,844€148,917€217,606€244,961▲ 12.6%
Cash at bank and in hand54/58€12,676€60,003€33,467€9,286€15,058€23,899€28,578▲ 19.6%
Deferred charges and accrued income490/1--€8,626€8,666€8,604€9,569€8,122▼ 15.1%
Equity and liabilities
Total equity and liabilities10/49€230,025€255,322€227,993€235,615€188,946€279,250€308,002▲ 10.3%
Equity10/15€8,785€37,155€31,720€24,420€91,108€135,776€208,642▲ 53.7%
Contributions10/11€12,405-€12,405€12,405€12,405€12,405€12,405=
Reserves13€18,772€24,750€19,315€12,015€78,703€123,371€196,236▲ 59.1%
Non-distributable reserves130/1--€1,860€1,860€0---
Reserves not available under the articles1311--€1,860€1,860€0---
Tax-exempt reserves132--€8,000€0----
Distributable reserves133--€9,455€10,155€78,703€123,371€196,236▲ 59.1%
Profit (loss) carried forward14-€22,391€0€0€0----
Provisions and deferred taxes16€145,898€145,898€145,898€145,898€70,898€70,898€70,898=
Provisions for liabilities and charges160/5--€145,898€145,898€70,898€70,898€70,898=
Pensions and similar obligations160--€70,898€70,898€70,898€70,898€70,898=
Other liabilities and charges164/5--€75,000€75,000€0---
Amounts payable17/49€75,341€72,269€50,375€65,298€26,940€72,576€28,462▼ 60.8%
Amounts payable after more than one year17€13,044€8,050€2,987€0----
Financial debts170/4--€2,987€0----
Amounts payable within one year42/48€58,503€63,319€46,488€64,338€26,040€71,676€27,562▼ 61.5%
Current portion of amounts payable after more than one year42--€5,064€2,987€0---
Financial debts43--€0€23,666€0€29,202€0▼ 100%
Credit institutions430/8--€0€23,666€0€29,202€0▼ 100%
Trade debts44€13,362€12,273€11,055€16,790€10,444€4,797€520▼ 89.2%
Suppliers440/4--€11,055€16,790€10,444€4,797€520▼ 89.2%
Taxes, remuneration and social security45--€10,968€7,177€14,638€32,626€18,171▼ 44.3%
Taxes450/3--€10,968€7,177€14,638€32,626€18,171▼ 44.3%
Other amounts payable47/48--€19,401€13,718€959€5,051€8,871▲ 75.6%
Accrued charges and deferred income492/3--€900€960€900€900€900=
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€13,870€28,370€3,477-€7,300€66,688€44,668€72,866▲ 63.1%
+ Depreciation and write-downs630€18,425€17,365€17,477€17,776€17,339€6,716€4,372▼ 34.9%
Operating cash flow (approximation)€4,555€45,735€20,953€10,476€84,027€51,384€77,238▲ 50.3%
Investment in fixed assets (approximation)--€1,208-€894-€1,900-€1,389€0-€726-
Change in cash-€47,327-€26,536-€24,180€5,772€8,841€4,679▼ 47.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 abbreviated format 30-04-2026 2026-00099744 PDF
30-09-2024 abbreviated format 03-04-2025 2025-00062789 PDF
30-09-2023 abbreviated format 30-04-2024 2024-00074257 PDF
30-09-2022 abbreviated format 28-04-2023 2023-00071055 PDF
30-09-2021 abbreviated format 29-04-2022 2022-20017954 PDF
30-09-2020 abbreviated format 29-04-2021 2021-11900487 PDF
30-09-2019 abbreviated format 30-04-2020 2020-10800151 PDF
30-09-2018 abbreviated format 29-04-2019 2019-11400354 PDF
30-09-2017 abbreviated format 27-04-2018 2018-11200341 PDF
30-09-2016 abbreviated format 22-05-2017 2017-13100169 PDF

Show all 27 filings

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