B-Construct
Open bankruptcyFinancials · financial year 2025, abbreviated format
Equity
€75,171▼ 6.3%
2024 · €80,206
Total assets
€312,135▲ 30.6%
2024 · €239,047
Net result
-€5,035
2024 · €17,349
Working capital
-€29,581
2024 · €12,518
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €6,838 after €31,050 in 2024, the lowest 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-€6,838
2025
Net result-€5,035
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€312,135
2025
Equity€75,171
2025
Debt€236,964
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€29,581
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency24.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.84
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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
Line20182019202020212022202320242025
Operating result€6,636-€96,260▲ 1,351%-€88,867€77,791€6,910▼ 91.1%€53,277▲ 671%€31,050▼ 41.7%-€6,838
Net result€3,368-€71,695▲ 2,029%-€92,700below the sector's middle half€65,521above the sector's middle half€3,275within the sector's middle half▼ 95.0%€20,360within the sector's middle half▲ 522%€17,349within the sector's middle half▼ 14.8%-€5,035below the sector's middle half
Equity€24,707-€66,402▲ 169%-€26,298below the sector's middle half€39,222within the sector's middle half€42,498within the sector's middle half▲ 8.4%€62,857within the sector's middle half▲ 47.9%€80,206below the sector's middle half▲ 27.6%€75,171within the sector's middle half▼ 6.3%
Total assets€365,845-€247,812▼ 32.3%€407,226above the sector's middle half▲ 64.3%€284,121within the sector's middle half▼ 30.2%€400,239above the sector's middle half▲ 40.9%€197,925within the sector's middle half▼ 50.5%€239,047below the sector's middle half▲ 20.8%€312,135within the sector's middle half▲ 30.6%
Debt€301,138-€141,411▼ 53.0%€433,524▲ 207%€244,899▼ 43.5%€357,741▲ 46.1%€135,068▼ 62.2%€158,841▲ 17.6%€236,964▲ 49.2%
Working capital€41,611-€118,713▲ 185%-€62,315below the sector's middle half€18,138within the sector's middle half€21,592within the sector's middle half▲ 19.0%-€15,205below the sector's middle half€12,518below the sector's middle half-€29,581below the sector's middle half
Solvency6.8%-26.8%▲ 20.0pp-6.5%below the sector's middle half▼ 33.3pp13.8%below the sector's middle half▲ 20.3pp10.6%below the sector's middle half▼ 3.2pp31.8%within the sector's middle half▲ 21.1pp33.6%within the sector's middle half▲ 1.8pp24.1%below the sector's middle half▼ 9.5pp
Current ratio1.14-2.12▲ 0.980.86below the sector's middle half▼ 1.261.07below the sector's middle half▲ 0.221.06below the sector's middle half▼ 0.010.89below the sector's middle half▼ 0.171.08below the sector's middle half▲ 0.190.84below the sector's middle half▼ 0.24
Return on assets (ROA)0.9%-28.9%▲ 28.0pp-22.8%below the sector's middle half▼ 51.7pp23.1%above the sector's middle half▲ 45.8pp0.8%within the sector's middle half▼ 22.2pp10.3%within the sector's middle half▲ 9.5pp7.3%within the sector's middle half▼ 3.0pp-1.6%below the sector's middle half▼ 8.9pp
Staff (FTE)0.5below the sector's middle half1.2▲ 140%1.3▲ 8.3%1.5▲ 15.4%1.7below the sector's middle half▲ 13.3%1.1below the sector's middle half▼ 35.3%
above
within
below
the middle half of NACE 43, Specialised construction 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 €312,135
Fixed assets
€160,027 ▲ 136%
Current assets
€152,108 ▼ 11.2%
Equity and liabilities €312,135
Equity
€75,171 ▼ 6.3%
Debt
€236,964 ▲ 49.2%
Debt's share of the balance-sheet total rises from 66.4% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,281▼
2024 · €47,622
Cash flow
€17,084▼
2024 · €33,921
Debt to equity
3.15▲
2024 · 1.98
ROE
-6.7%▼
2024 · 21.6%
Interest coverage
14.27▲
2024 · 13.36
Debt ≤ 1 year
€181,689▲
2024 · €158,841
Debt > 1 year
€54,099
Income taxes
€0▼
2024 · €11,702
Staff costs
€57,472▼
2024 · €75,376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €12,836 | €54,107 | €65,350 | €75,376 | €57,472 | ▼ 23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €816 | €407 | €1,672 | €292 | €178 | €9,300 | €16,573 | €22,119 | ▲ 33.5% |
| Other operating charges640/8 | - | - | - | €16,297 | €2,845 | €19,177 | €11,124 | €7,941 | ▼ 28.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,364 | €0 | - | - |
| Gross operating margin9900 | €41,111 | €120,359 | -€49,679 | €107,216 | €64,041 | €148,469 | €134,122 | €80,695 | ▼ 39.8% |
| Operating profit (loss)9901 | €6,636 | €96,260 | -€88,867 | €77,791 | €6,910 | €53,277 | €31,050 | -€6,838 | ▼ 122% |
| Financial income75/76B | - | - | - | - | - | €46 | €1,566 | €2,874 | ▲ 83.5% |
| Recurring financial income75 | €5 | - | €0 | - | - | €46 | €1,566 | €2,874 | ▲ 83.5% |
| Financial charges65/66B | - | - | - | €967 | €1,722 | €5,144 | €3,565 | €1,071 | ▼ 70.0% |
| Recurring financial charges65 | €761 | €963 | €3,833 | €967 | €1,722 | €5,144 | €3,565 | €1,071 | ▼ 70.0% |
| Profit (loss) for the period before taxes9903 | €5,879 | €95,297 | -€92,700 | €76,824 | €5,188 | €48,178 | €29,051 | -€5,035 | ▼ 117% |
| Income taxes67/77 | €2,511 | €23,602 | - | €11,303 | €1,912 | €27,819 | €11,702 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €3,368 | €71,695 | -€92,700 | €65,521 | €3,275 | €20,360 | €17,349 | -€5,035 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €3,368 | €71,695 | -€92,700 | €65,521 | €3,275 | €20,360 | €17,349 | -€5,035 | ▼ 129% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €365,845 | €247,812 | €407,226 | €284,121 | €400,239 | €197,925 | €239,047 | €312,135 | ▲ 30.6% |
| Fixed assets21/28 | €23,095 | €22,689 | €36,017 | €21,084 | €20,905 | €78,062 | €67,688 | €160,027 | ▲ 136% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €33,137 | - |
| Tangible fixed assets22/27 | €23,095 | €22,689 | €36,017 | €21,084 | €20,905 | €78,062 | €67,688 | €126,891 | ▲ 87.5% |
| Land and buildings22 | - | - | - | €21,084 | €20,905 | €19,440 | €19,440 | €19,440 | = |
| Plant, machinery and equipment23 | - | - | - | - | - | €4,938 | €8,127 | €3,609 | ▼ 55.6% |
| Furniture and vehicles24 | - | - | - | - | - | €53,684 | €40,122 | €103,841 | ▲ 159% |
| Current assets29/58 | €342,749 | €225,123 | €371,209 | €263,038 | €379,334 | €119,863 | €171,359 | €152,108 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €342,004 | €203,879 | €339,987 | €251,361 | €363,853 | €113,645 | €169,781 | €150,137 | ▼ 11.6% |
| Trade receivables40 | - | - | - | €112,540 | €193,091 | €112,824 | €11,188 | €146,271 | ▲ 1,207% |
| Other amounts receivable41 | - | - | - | €138,822 | €170,763 | €821 | €158,592 | €3,866 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €705 | €21,244 | €31,155 | €11,676 | €15,480 | €6,166 | €662 | €592 | ▼ 10.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €52 | €916 | €1,379 | ▲ 50.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €365,845 | €247,812 | €407,226 | €284,121 | €400,239 | €197,925 | €239,047 | €312,135 | ▲ 30.6% |
| Equity10/15 | €24,707 | €66,402 | -€26,298 | €39,222 | €42,498 | €62,857 | €80,206 | €75,171 | ▼ 6.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €20,630 | €23,906 | €23,906 | €23,906 | €23,906 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €18,771 | €22,047 | €22,047 | €22,047 | €22,047 | = |
| Profit (loss) carried forward14 | €4,255 | €45,950 | -€46,750 | - | - | €20,360 | €37,708 | €32,673 | ▼ 13.4% |
| Provisions and deferred taxes16 | €40,000 | €40,000 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €301,138 | €141,411 | €433,524 | €244,899 | €357,741 | €135,068 | €158,841 | €236,964 | ▲ 49.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €54,099 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €54,099 | - |
| Amounts payable within one year42/48 | €301,138 | €106,411 | €433,524 | €244,899 | €357,741 | €135,068 | €158,841 | €181,689 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €8,901 | - |
| Trade debts44 | €244,377 | €3,106 | €221,060 | €13,171 | €86,015 | €53,715 | €136,395 | €85,458 | ▼ 37.3% |
| Suppliers440/4 | - | - | - | €13,171 | €86,015 | €53,715 | €136,395 | €85,458 | ▼ 37.3% |
| Taxes, remuneration and social security45 | - | - | - | €62,242 | €8,683 | €22,274 | €22,447 | €11,108 | ▼ 50.5% |
| Taxes450/3 | - | - | - | €57,154 | €2,389 | €9,797 | €11,717 | €3,589 | ▼ 69.4% |
| Remuneration and social security454/9 | - | - | - | €5,088 | €6,294 | €12,477 | €10,729 | €7,518 | ▼ 29.9% |
| Other amounts payable47/48 | - | - | - | €169,487 | €263,044 | €59,079 | €0 | €76,222 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €1,176 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,368 | €71,695 | -€92,700 | €65,521 | €3,275 | €20,360 | €17,349 | -€5,035 | ▼ 129% |
| + Depreciation and write-downs630 | €816 | €407 | €1,672 | €292 | €178 | €9,300 | €16,573 | €22,119 | ▲ 33.5% |
| Operating cash flow (approximation) | €4,184 | €72,102 | -€91,028 | €65,812 | €3,454 | €29,660 | €33,921 | €17,084 | ▼ 49.6% |
| Investment in fixed assets (approximation) | - | €0 | -€15,000 | €14,641 | €0 | -€66,457 | -€6,198 | -€114,458 | ▼ 1,747% |
| Change in cash | - | €20,539 | €9,910 | -€19,478 | €3,804 | -€9,315 | -€5,503 | -€70 | ▲ 98.7% |
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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Of the 8,432 companies in this sector, figures are known for 4,408. 3,840 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from August 2024 to September 2026 are still being read.