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4EVER Construct

Active
Private limited companyfounded 2019active for 7 yearsMaalderij 20, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0735.662.747
Summary

4EVER Construct has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,937 and a net result of €53,736. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 10,995 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (37 days) Filed on 7 December 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00577867.

Equity
€21,937
2024 · -€31,799
Total assets
€1.7m▼ 37.4%
2024 · €2.7m
Net result
€53,736
2024 · -€22,151
Working capital
€807,915▼ 55.9%
2024 · €1.8m
Trend over the years

2021 to 2025, 5 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 163% above 2024 and is the highest result in the available series.

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

Operating result€0.1m 2025 Net result€0.05m 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.004m-€0.03m-€0.008m€0.04m€0.1m▲ 163%
Net result-€0.008mbelow the sector's middle half-€0.03mwithin the sector's middle half-€0.04mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 39.3%€0.05mwithin the sector's middle half
Equity€0.002mbelow the sector's middle half-€0.03mbelow the sector's middle half▲ 1,669%-€0.01mbelow the sector's middle half-€0.03mbelow the sector's middle half▼ 230%€0.02mbelow the sector's middle half
Total assets€0.4mwithin the sector's middle half-€0.6mbelow the sector's middle half▲ 68.7%€1.9mwithin the sector's middle half▲ 213%€2.7mwithin the sector's middle half▲ 41.7%€1.7mwithin the sector's middle half▼ 37.4%
Debt€0.4m-€0.6m▲ 61.8%€1.9m▲ 229%€2.7m▲ 42.6%€1.6m▼ 38.9%
Working capital€0.1mabove the sector's middle half-€0.3mwithin the sector's middle half▲ 154%€1.4mabove the sector's middle half▲ 336%€1.8mabove the sector's middle half▲ 27.7%€0.8mabove the sector's middle half▼ 55.9%
Solvency0.4%below the sector's middle half-4.5%below the sector's middle half▲ 4.1pp-0.5%below the sector's middle half▼ 5.0pp-1.2%below the sector's middle half▼ 0.7pp1.3%below the sector's middle half▲ 2.5pp
Current ratio1.58within the sector's middle half-3.11above the sector's middle half▲ 1.525.37above the sector's middle half▲ 2.273.56above the sector's middle half▼ 1.812.07within the sector's middle half▼ 1.48
Return on assets (ROA)-2.4%below the sector's middle half-4.2%within the sector's middle half▲ 6.6pp-1.9%below the sector's middle half▼ 6.2pp-0.8%within the sector's middle half▲ 1.1pp3.2%within the sector's middle half▲ 4.1pp
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 or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets €103,270 ▼ 3.5%
Current assets €1.6m ▼ 38.8%
Equity and liabilities €1.7m
Equity €21,937
Debt €1.6m
Debt finances 98.7% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€101,791▲
2024 · €41,145
Cash flow
€57,429▲
2024 · -€18,255
Quick ratio
0.05▲
2024 · 0.04
Debt to equity
74.82
ROE
245.0%
Interest coverage
1.91▲
2024 · 0.68
Debt ≤ 1 year
€752,015▲
2024 · €716,045
Debt > 1 year
€889,247▼
2024 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96.1% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.8% stopped otherwise
96.1% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,468 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% 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 74.5% 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 1,603 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
Balance sheet Code20242025
Assets
Total assets20/58€2.7m€1.7m▼
Fixed assets21/28€0.1m€0.1m▼
Tangible fixed assets22/27€0.1m€0.1m▼
Land and buildings22€0.1m€0.1m=
Plant, machinery and equipment23€0.001m€77▼
Furniture and vehicles24€0.002m€0.001m▼
Other tangible fixed assets26€0.004m€0.002m▼
Current assets29/58€2.5m€1.6m▼
Stocks and contracts in progress3€2.5m€1.5m▼
Stocks30/36€2.5m€1.5m▼
Amounts receivable within one year40/41€0.02m€0.02m▲
Trade receivables40-€0.003m
Other amounts receivable41€0.02m€0.02m▲
Cash at bank and in hand54/58€0.01m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€2.7m€1.7m▼
Equity10/15-€0.03m€0.02m▲
Contributions10/11€0.01m€0.01m=
Capital10€0.01m€0.01m=
Issued capital100€0.01m€0.01m=
Reserves13€0.001m€0.001m=
Non-distributable reserves130/1€0.001m€0.001m=
Legal reserve130€0.001m€0.001m=
Profit (loss) carried forward14-€0.04m€0.01m▲
Amounts payable17/49€2.7m€1.6m▼
Amounts payable after more than one year17€2.0m€0.9m▼
Financial debts170/4€2.0m€0.9m▼
Amounts payable within one year42/48€0.7m€0.8m▲
Current portion of amounts payable after more than one year42€0.07m€0.07m=
Financial debts43€0.08m€0.09m▲
Credit institutions430/8€0.06m€0.07m▲
Other loans439€0.02m€0.02m=
Trade debts44€0.3m€0.3m▼
Suppliers440/4€0.3m€0.3m▼
Other amounts payable47/48€0.3m€0.3m▲
Accrued charges and deferred income492/3€0.007m-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.004m€0.004m▼
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.04m€0.1m▲
Operating profit (loss)9901€0.04m€0.1m▲
Financial income75/76B€0.001m€0.009m▲
Recurring financial income75€0.001m€0.009m▲
Financial charges65/66B€0.06m€0.05m▼
Recurring financial charges65€0.06m€0.05m▼
Profit (loss) for the period before taxes9903-€0.02m€0.05m▲
Profit (loss) for the period9904-€0.02m€0.05m▲
Profit (loss) for the period to be appropriated9905-€0.02m€0.05m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.04m€0.01m▲
Profit (loss) brought forward from the previous period14P-€0.02m-€0.04m▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193€3,459€3,952€3,896€3,693▼ 5.2%
Other operating charges640/8-€6,119€4,355€1,042€1,413▲ 35.6%
Gross operating margin9900-€653€38,571€38€42,187€103,204▲ 145%
Operating profit (loss)9901-€4,476€28,993-€8,269€37,249€98,099▲ 163%
Financial income75/76B--€3€1,447€9,000▲ 522%
Recurring financial income75--€3€1,447€9,000▲ 522%
Financial charges65/66B-€3,648€24,100€60,847€53,363▼ 12.3%
Recurring financial charges65€4,005€3,648€24,100€60,847€53,363▼ 12.3%
Profit (loss) for the period before taxes9903-€8,481€25,345-€32,366-€22,151€53,736-
Income taxes67/77--€4,145---
Profit (loss) for the period9904-€8,481€25,345-€36,512-€22,151€53,736-
Profit (loss) for the period to be appropriated9905-€8,481€25,345-€36,512-€22,151€53,736-
Line20212022202320242025Change
Assets
Total assets20/58€0.4m€0.6m€1.9m€2.7m€1.7m▼ 37.4%
Fixed assets21/28€0.004m€0.1m€0.1m€0.1m€0.1m▼ 3.5%
Tangible fixed assets22/27€0.004m€0.1m€0.1m€0.1m€0.1m▼ 3.5%
Land and buildings22-€0.1m€0.1m€0.1m€0.1m=
Plant, machinery and equipment23-€0.002m€0.001m€0.001m€77▼ 85.2%
Furniture and vehicles24-€0.004m€0.003m€0.002m€0.001m▼ 55.7%
Other tangible fixed assets26-€0.008m€0.006m€0.004m€0.002m▼ 47.8%
Current assets29/58€0.4m€0.5m€1.8m€2.5m€1.6m▼ 38.8%
Stocks and contracts in progress3--€1.5m€2.5m€1.5m▼ 39.7%
Stocks30/36--€1.5m€2.5m€1.5m▼ 39.7%
Amounts receivable within one year40/41€0.06m€0.2m€0.3m€0.02m€0.02m▲ 24.6%
Trade receivables40-€0.2m€0.2m-€0.003m-
Other amounts receivable41-€0.006m€0.02m€0.02m€0.02m▲ 6.9%
Cash at bank and in hand54/58€0.3m€0.2m€0.01m€0.01m€0.02m▲ 75.8%
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.6m€1.9m€2.7m€1.7m▼ 37.4%
Equity10/15€0.002m€0.03m-€0.01m-€0.03m€0.02m-
Contributions10/11€0.01m€0.01m€0.01m€0.01m€0.01m=
Capital10-€0.01m€0.01m€0.01m€0.01m=
Issued capital100-€0.01m€0.01m€0.01m€0.01m=
Reserves13-€0.001m€0.001m€0.001m€0.001m=
Non-distributable reserves130/1-€0.001m€0.001m€0.001m€0.001m=
Legal reserve130-€0.001m€0.001m€0.001m€0.001m=
Profit (loss) carried forward14-€0.008m€0.02m-€0.02m-€0.04m€0.01m-
Amounts payable17/49€0.4m€0.6m€1.9m€2.7m€1.6m▼ 38.9%
Amounts payable after more than one year17€0.1m€0.4m€1.6m€2.0m€0.9m▼ 54.7%
Financial debts170/4-€0.4m€1.6m€2.0m€0.9m▼ 54.7%
Amounts payable within one year42/48€0.2m€0.2m€0.3m€0.7m€0.8m▲ 5.0%
Current portion of amounts payable after more than one year42--€0.07m€0.07m€0.07m=
Financial debts43-€0.02m€0.02m€0.08m€0.09m▲ 13.1%
Credit institutions430/8---€0.06m€0.07m▲ 18.1%
Other loans439-€0.02m€0.02m€0.02m€0.02m=
Trade debts44€0.2m€0.1m€0.2m€0.3m€0.3m▼ 3.1%
Suppliers440/4-€0.1m€0.2m€0.3m€0.3m▼ 3.1%
Other amounts payable47/48-€0.02m€0.07m€0.3m€0.3m▲ 11.0%
Accrued charges and deferred income492/3---€0.007m--
Line20212022202320242025Change
Profit (loss) for the period9904-€8,481€25,345-€36,512-€22,151€53,736-
+ Depreciation and write-downs630€193€3,459€3,952€3,896€3,693▼ 5.2%
Operating cash flow (approximation)-€8,288€28,805-€32,559-€18,255€57,429-
Investment in fixed assets (approximation)--€113,700-€756€0€0-
Change in cash--€54,884-€226,985-€1,473€7,477-

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

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-03-2025 abbreviated format 07-12-2025 2025-00577867
31-03-2024 abbreviated format 04-11-2024 2024-00528481
31-03-2023 abbreviated format 30-10-2023 2023-00507930
31-03-2022 abbreviated format 29-11-2022 2022-20531574
31-03-2021 micro format 30-10-2021 2021-76200266

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Of the 9,539 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,340. 4,132 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.