B. CONSTRUCT
ActiveSummary
B. CONSTRUCT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €150,146. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 9.6 against 5.56 in 2024; short-term debt: 9.5% and cash: 25% of total assets), and 10.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.2%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
61 d late
2023
28 d late
2022
73 d late
2021
95 d early
2020
100 d early
2019
3 d early
← 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 2 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Silly, Construction sector#2 company by equity in Silly, Construction sector#3 company by total assets in Silly, Construction sector
Turnover
€942,061
EBIT margin
14.4%
Net result
€150,146▼ 0.7%
2024 · €151,186
Working capital
€1.2m▲ 16.3%
2024 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€145,256▲ 1.0%€190,740▲ 31.3%€324,488▲ 70.1%€212,603▼ 34.5%€220,274▲ 3.6%
Net result€100,022▼ 3.6%€124,920▲ 24.9%€215,361▲ 72.4%€151,186▼ 29.8%€150,146▼ 0.7%
EBIT margin
Equity€784,039€998,600▲ 27.4%€1.1m▲ 15.1%€1.3m▲ 13.1%
Total assets€1.2m▲ 13.0%€1.3m▲ 10.8%€1.5m▲ 12.3%€1.4m▼ 6.1%€1.5m▲ 3.5%
Debt€546,247▲ 19.3%€551,986▲ 1.1%€501,765▼ 9.1%€258,351▼ 48.5%€157,205▼ 39.2%
Working capital€551,060▲ 17.3%€687,652▲ 24.8%€855,143▲ 24.4%€1.0m▲ 20.2%€1.2m▲ 16.3%
Staff (FTE)3▼ 25.0%2▼ 33.3%2.1▲ 5.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€123,730 ▼ 20.4%
Current assets
€1.3m ▲ 6.4%
Equity and liabilities €1.5m
Equity
€1.3m ▲ 13.1%
Debt
€157,205 ▼ 39.2%
Debt's share of the balance-sheet total falls from 18.3% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€251,941▲
2024 · €243,585
Cash flow
€181,813▼
2024 · €182,168
Current ratio
9.60▲
2024 · 5.56
Debt to equity
0.12▼
2024 · 0.22
ROE
11.6%▼
2024 · 13.1%
ROA
10.3%▼
2024 · 10.7%
Interest coverage
28.83▼
2024 · 32.60
Debt ≤ 1 year
€138,833▼
2024 · €225,186
Debt > 1 year
€18,373▼
2024 · €33,165
Income taxes
€69,900▲
2024 · €63,637
Staff costs
€146,680▲
2024 · €130,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,612 | €15,272 | - | - |
| Remuneration, social security and pensions62 | €150,903 | €127,950 | €135,976 | €130,821 | €146,680 | ▲ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,474 | €40,249 | €39,370 | €30,982 | €31,667 | ▲ 2.2% |
| Other operating charges640/8 | €4,289 | €3,994 | €4,719 | €3,044 | €14,953 | ▲ 391% |
| Gross operating margin9900 | €333,922 | €362,932 | €504,554 | €377,450 | €413,574 | ▲ 9.6% |
| Operating profit (loss)9901 | €145,256 | €190,740 | €324,488 | €212,603 | €220,274 | ▲ 3.6% |
| Financial income75/76B | €371 | €744 | €209 | €9,692 | €8,509 | ▼ 12.2% |
| Recurring financial income75 | €371 | €744 | €209 | €9,692 | €8,509 | ▼ 12.2% |
| Financial charges65/66B | €6,676 | €5,745 | €5,362 | €7,472 | €8,738 | ▲ 16.9% |
| Recurring financial charges65 | €6,676 | €5,745 | €5,362 | €7,472 | €8,738 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €138,951 | €185,739 | €319,336 | €214,824 | €220,046 | ▲ 2.4% |
| Income taxes67/77 | €38,929 | €60,820 | €103,975 | €63,637 | €69,900 | ▲ 9.8% |
| Profit (loss) for the period9904 | €100,022 | €124,920 | €215,361 | €151,186 | €150,146 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €100,022 | €124,920 | €215,361 | €151,186 | €150,146 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.5m | €1.4m | €1.5m | ▲ 3.5% |
| Fixed assets21/28 | €170,237 | €136,931 | €168,682 | €155,397 | €123,730 | ▼ 20.4% |
| Tangible fixed assets22/27 | €107,158 | €73,302 | €107,349 | €94,063 | €62,396 | ▼ 33.7% |
| Plant, machinery and equipment23 | €11,596 | €6,299 | €4,418 | €2,640 | €1,422 | ▼ 46.1% |
| Furniture and vehicles24 | €95,562 | €67,003 | €102,931 | €91,423 | €60,974 | ▼ 33.3% |
| Financial fixed assets28 | €63,079 | €63,630 | €61,334 | €61,334 | €61,334 | = |
| Current assets29/58 | €1.0m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 6.4% |
| Amounts receivable after more than one year29 | - | €19,153 | €29,414 | €29,414 | €29,414 | = |
| Other amounts receivable291 | - | €19,153 | €29,414 | €29,414 | €29,414 | = |
| Amounts receivable within one year40/41 | €470,841 | €640,443 | €672,895 | €563,262 | €527,206 | ▼ 6.4% |
| Trade receivables40 | €388,151 | €564,921 | €616,689 | €509,257 | €474,044 | ▼ 6.9% |
| Other amounts receivable41 | €82,690 | €75,522 | €56,205 | €54,006 | €53,161 | ▼ 1.6% |
| Current investments50/53 | - | €277 | €277 | €277 | €400,000 | ▲ 144,513% |
| Cash at bank and in hand54/58 | €558,548 | €529,512 | €622,751 | €643,926 | €363,997 | ▼ 43.5% |
| Deferred charges and accrued income490/1 | €6,541 | €9,709 | €6,346 | €15,862 | €12,792 | ▼ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.5m | €1.4m | €1.5m | ▲ 3.5% |
| Equity10/15 | - | €784,039 | €998,600 | €1.1m | €1.3m | ▲ 13.1% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €71,713 | €196,633 | €411,193 | €511,193 | €661,340 | ▲ 29.4% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €68,614 | €193,534 | €408,095 | €508,095 | €658,241 | ▲ 29.6% |
| Profit (loss) carried forward14 | €557,220 | €556,420 | €556,420 | €607,606 | €607,606 | = |
| Amounts payable17/49 | €546,247 | €551,986 | €501,765 | €258,351 | €157,205 | ▼ 39.2% |
| Amounts payable after more than one year17 | €61,283 | €40,544 | €25,225 | €33,165 | €18,373 | ▼ 44.6% |
| Financial debts170/4 | €61,283 | €40,544 | €25,225 | €33,165 | €18,373 | ▼ 44.6% |
| Amounts payable within one year42/48 | €484,870 | €511,442 | €476,540 | €225,186 | €138,833 | ▼ 38.3% |
| Current portion of amounts payable after more than one year42 | €16,675 | €23,444 | €25,206 | €31,866 | €24,740 | ▼ 22.4% |
| Trade debts44 | €125,705 | €158,383 | €60,065 | €78,795 | €14,607 | ▼ 81.5% |
| Suppliers440/4 | €125,705 | €158,383 | €60,065 | €78,795 | €14,607 | ▼ 81.5% |
| Advances received on contracts in progress46 | - | - | €25,000 | €25,000 | €25,000 | = |
| Taxes, remuneration and social security45 | €24,829 | €22,076 | €61,891 | €54,315 | €28,021 | ▼ 48.4% |
| Taxes450/3 | €22,152 | €20,682 | €58,952 | €54,115 | €28,021 | ▼ 48.2% |
| Remuneration and social security454/9 | €2,677 | €1,394 | €2,939 | €200 | - | - |
| Other amounts payable47/48 | €317,661 | €307,539 | €304,377 | €35,210 | €46,465 | ▲ 32.0% |
| Accrued charges and deferred income492/3 | €94 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,022 | €124,920 | €215,361 | €151,186 | €150,146 | ▼ 0.7% |
| + Depreciation and write-downs630 | €33,474 | €40,249 | €39,370 | €30,982 | €31,667 | ▲ 2.2% |
| Operating cash flow (approximation) | €133,496 | €165,168 | €254,731 | €182,168 | €181,813 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€6,943 | -€71,121 | -€17,696 | €0 | ▲ 100% |
| Change in cash | - | -€29,036 | €93,240 | €21,175 | -€279,929 | ▼ 1,422% |
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 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Equity above €1mEq €1.1m ▲15.1%
7 profitable years in a row build equity to €1.1m.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €215,361 ▲72.4%
Operating result €324,488, net result €215,361, both a record.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 73 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €91,269 ▼51.2%
Net result drops to €91,269, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Silly · 1 establishment unit since 1986
Ground area
1,614 m²
Building footprint
159 m²
Volume, LiDAR
1,041 m³
Parcel 55021C0019/00S002, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée d'Enghien(Hoves) 31, 7830 Silly
since 19862.028.555.258
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55021C0019/00S002 | Wallonia | 1,613 m² | 1 · 159 m² | 8.8 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
8 categoriesB. CONSTRUCT SRL17871
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,055. 474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-1986
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428303993
Also
9925:BE0428303993
Registered
04-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.