B & D CONSTRUCT
ActiveSummary
B & D CONSTRUCT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.01M and a net result of €42k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency79=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 2.98 in 2024; short-term debt: 8.4% and cash: 5.5% of total assets), and 45.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
54.4%
Return on assets
1.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
149 d early
2023
on the day
2022
4 d early
2021
12 d early
2020
18 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 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 Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€2.01M▼ 1.5%
2024 · €2.04M
Total assets
€3.70M▼ 2.5%
2024 · €3.79M
Net result
€42k▼ 69.3%
2024 · €136k
Working capital
€525k▼ 3.6%
2024 · €544k
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
Operating result€717k▲ 36.1%€-52k€26k€151k▲ 477%€49k▼ 67.6%
Net result€640k▲ 60.5%€-56k€26k€136k▲ 424%€42k▼ 69.3%
Equity€1.94M▲ 49.4%€1.88M▼ 2.9%€1.91M▲ 1.4%€2.04M▲ 7.1%€2.01M▼ 1.5%
Total assets€3.25M▲ 17.1%€3.83M▲ 17.7%€3.78M▼ 1.2%€3.79M▲ 0.3%€3.70M▼ 2.5%
Debt€1.13M▼ 17.0%€1.77M▲ 56.9%€1.71M▼ 3.2%€1.59M▼ 6.9%€1.53M▼ 3.6%
Working capital€-131k▲ 26.5%€462k€354k▼ 23.2%€544k▲ 53.6%€525k▼ 3.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.70M
Fixed assets
€2.86M ▼ 3.8%
Current assets
€835k ▲ 2.0%
Equity and liabilities €3.70M
Equity
€2.01M ▼ 1.5%
Provisions
€151k ▼ 4.8%
Debt
€1.53M ▼ 3.6%
Debt's share of the balance-sheet total falls from 42.0% to 41.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€161k▼
2024 · €263k
Cash flow
€154k▼
2024 · €248k
Current ratio
2.69▼
2024 · 2.98
Quick ratio
2.36▼
2024 · 2.61
Debt to equity
0.76▼
2024 · 0.78
ROE
2.1%▼
2024 · 6.7%
ROA
1.1%▼
2024 · 3.6%
Interest coverage
6.90▼
2024 · 9.94
Debt ≤ 1 year
€311k▲
2024 · €275k
Debt > 1 year
€1.22M▼
2024 · €1.32M
Income taxes
€406▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €221k | €112k | €112k | €112k | ▼ 0.2% |
| Other operating charges640/8 | - | €52k | €43k | €17k | €18k | ▲ 10.6% |
| Gross operating margin9900 | €788k | €222k | €181k | €280k | €179k | ▼ 36.0% |
| Operating profit (loss)9901 | €717k | €-52k | €26k | €151k | €49k | ▼ 67.6% |
| Financial income75/76B | - | €5k | €6k | €8k | €9k | ▲ 10.8% |
| Recurring financial income75 | €5k | €5k | €6k | €8k | €9k | ▲ 10.8% |
| Financial charges65/66B | - | €17k | €20k | €26k | €23k | ▼ 12.0% |
| Recurring financial charges65 | €15k | €17k | €20k | €26k | €23k | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €707k | €-64k | €12k | €133k | €35k | ▼ 73.9% |
| Transfer from deferred taxes780 | - | €8k | €14k | €8k | €8k | = |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | - | - | - | €4k | €406 | ▼ 90.2% |
| Profit (loss) for the period9904 | €640k | €-56k | €26k | €136k | €42k | ▼ 69.3% |
| Transfer from tax-exempt reserves789 | - | €32k | €55k | €31k | €31k | = |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €252k | €-24k | €81k | €167k | €73k | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.25M | €3.83M | €3.78M | €3.79M | €3.70M | ▼ 2.5% |
| Fixed assets21/28 | €2.62M | €3.13M | €3.14M | €2.97M | €2.86M | ▼ 3.8% |
| Tangible fixed assets22/27 | €2.59M | €3.09M | €3.14M | €2.97M | €2.86M | ▼ 3.8% |
| Land and buildings22 | - | €3.09M | €3.14M | €2.97M | €2.86M | ▼ 3.8% |
| Furniture and vehicles24 | - | €585 | €272 | €0 | - | - |
| Financial fixed assets28 | €33k | €33k | €0 | - | - | - |
| Current assets29/58 | €627k | €699k | €639k | €819k | €835k | ▲ 2.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €408k | - |
| Other amounts receivable291 | - | - | - | - | €408k | - |
| Stocks and contracts in progress3 | €268k | €101k | €101k | €101k | €101k | = |
| Stocks30/36 | - | €101k | €101k | €101k | €101k | = |
| Amounts receivable within one year40/41 | €277k | €509k | €498k | €518k | €122k | ▼ 76.4% |
| Trade receivables40 | - | €261k | €96k | €53k | €53k | ▲ 0.2% |
| Other amounts receivable41 | - | €248k | €402k | €466k | €69k | ▼ 85.1% |
| Cash at bank and in hand54/58 | €78k | €82k | €34k | €199k | €204k | ▲ 2.4% |
| Deferred charges and accrued income490/1 | - | €7k | €6k | €543 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.25M | €3.83M | €3.78M | €3.79M | €3.70M | ▼ 2.5% |
| Equity10/15 | €1.94M | €1.88M | €1.91M | €2.04M | €2.01M | ▼ 1.5% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | - | €63k | €63k | €63k | €63k | = |
| Issued capital100 | - | €63k | €63k | €63k | €63k | = |
| Reserves13 | €1.87M | €1.82M | €1.84M | €1.98M | €1.95M | ▼ 1.5% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €738k | €683k | €652k | €622k | ▼ 4.7% |
| Distributable reserves133 | - | €1.07M | €1.15M | €1.32M | €1.32M | = |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €188k | €180k | €166k | €158k | €151k | ▼ 4.8% |
| Deferred taxes168 | - | €180k | €166k | €158k | €151k | ▼ 4.8% |
| Amounts payable17/49 | €1.13M | €1.77M | €1.71M | €1.59M | €1.53M | ▼ 3.6% |
| Amounts payable after more than one year17 | €368k | €1.53M | €1.42M | €1.32M | €1.22M | ▼ 7.1% |
| Financial debts170/4 | - | €1.25M | €1.14M | €1.03M | €941k | ▼ 9.0% |
| Other amounts payable178/9 | - | €283k | €283k | €283k | €283k | = |
| Amounts payable within one year42/48 | €758k | €237k | €285k | €275k | €311k | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €111k | €105k | €107k | €94k | ▼ 12.2% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €149k | €1k | €2k | €4k | €4k | ▲ 3.4% |
| Suppliers440/4 | - | €1k | €2k | €4k | €4k | ▲ 3.4% |
| Advances received on contracts in progress46 | - | - | - | €550 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €16k | €19k | €13k | €6k | ▼ 52.0% |
| Taxes450/3 | - | €16k | €19k | €13k | €6k | ▼ 52.0% |
| Other amounts payable47/48 | - | €109k | €159k | €151k | €207k | ▲ 36.9% |
| Accrued charges and deferred income492/3 | - | €530 | €751 | €0 | €550 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €640k | €-56k | €26k | €136k | €42k | ▼ 69.3% |
| + Depreciation and write-downs630 | €63k | €221k | €112k | €112k | €112k | ▼ 0.2% |
| Operating cash flow (approximation) | €703k | €165k | €138k | €248k | €154k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €-725k | €-127k | €56k | €0 | ▼ 100% |
| Change in cash | - | €3k | €-48k | €165k | €5k | ▼ 97.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.04M ▲7.1%
2 profitable years in a row build equity to €2.04M.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity quadruplescurrent ratio 2.95
Current ratio from 0.83 to 2.95; short-term debt falls from €758k to €237k.
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €640k ▲60.5%
Operating result €717k, net result €640k, both a record.
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €399k
Net result €399k after one loss-making year.
Show earlier events
31-03
Financial
Equity above €1MEq €1.30M ▲44.4%
Equity rises from €897k to €1.30M.
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Middelkerke · 1 establishment unit since 2001
Ground area
278 m²
Building footprint
225 m²
Volume, LiDAR
2,174 m³
Parcel 35022A0001/00V032, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
B & D CONSTRUCT
since 20012.086.935.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00V032 | Flanders | 278 m² | 1 · 225 m² | 13.6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 2,777 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-04-1998
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.