B.D. - Construct
ActiveSummary
B.D. - Construct has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €466,281. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+8
Solvency76▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.83 in 2024; short-term debt: 48.6% and cash: 27.5% of total assets), and 48.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
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
51.1%
Return on assets
17.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-11-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
53 d early
2023
92 d early
2022
82 d early
2021
45 d early
2020
52 d early
2019
50 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 64 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.4m▲ 3.6%
2024 · €1.3m
Total assets
€2.7m▲ 0.1%
2024 · €2.7m
Net result
€466,281▲ 55.2%
2024 · €300,379
Working capital
€1.1m▲ 2.0%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€333,686▼ 28.5%€258,594▼ 22.5%€508,358▲ 96.6%€385,364▼ 24.2%€555,258▲ 44.1%
Net result€273,651above the sector's middle half▼ 25.7%€182,249within the sector's middle half▼ 33.4%€380,748above the sector's middle half▲ 109%€300,379above the sector's middle half▼ 21.1%€466,281above the sector's middle half▲ 55.2%
Equity€1.0mwithin the sector's middle half▼ 15.2%€1.1mwithin the sector's middle half▲ 6.2%€1.2mwithin the sector's middle half▲ 11.7%€1.3mwithin the sector's middle half▲ 7.0%€1.4mwithin the sector's middle half▲ 3.6%
Total assets€2.5mwithin the sector's middle half▲ 26.2%€2.2mwithin the sector's middle half▼ 10.4%€2.2mwithin the sector's middle half▼ 0.1%€2.7mwithin the sector's middle half▲ 19.7%€2.7mwithin the sector's middle half▲ 0.1%
Debt€1.5m▲ 93.8%€1.1m▼ 22.2%€999,168▼ 11.7%€1.4m▲ 35.5%€1.3m▼ 3.4%
Working capital€638,820within the sector's middle half▼ 42.8%€843,561within the sector's middle half▲ 32.0%€1.0mwithin the sector's middle half▲ 19.4%€1.1mabove the sector's middle half▲ 8.6%€1.1mabove the sector's middle half▲ 2.0%
Solvency41.7%within the sector's middle half▼ 20.3pp49.4%within the sector's middle half▲ 7.7pp55.2%within the sector's middle half▲ 5.8pp49.3%within the sector's middle half▼ 5.9pp51.1%within the sector's middle half▲ 1.7pp
Current ratio1.44within the sector's middle half▼ 1.051.83within the sector's middle half▲ 0.392.09within the sector's middle half▲ 0.271.83within the sector's middle half▼ 0.261.86within the sector's middle half▲ 0.02
Return on assets (ROA)11.0%within the sector's middle half▼ 7.7pp8.2%within the sector's middle half▼ 2.8pp17.1%above the sector's middle half▲ 8.9pp11.2%within the sector's middle half▼ 5.8pp17.4%above the sector's middle half▲ 6.2pp
Staff (FTE)18.1above the sector's middle half▲ 2.8%17.6above the sector's middle half▼ 2.8%16.6above the sector's middle half▼ 5.7%16.6above the sector's middle half=16.7above the sector's middle half▲ 0.6%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€259,143 ▼ 3.2%
Current assets
€2.4m ▲ 0.5%
Equity and liabilities €2.7m
Equity
€1.4m ▲ 3.6%
Debt
€1.3m ▼ 3.4%
Debt's share of the balance-sheet total falls from 50.7% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€655,523▲
2024 · €478,332
Cash flow
€566,546▲
2024 · €393,346
Quick ratio
1.06▲
2024 · 0.84
Debt to equity
0.96▼
2024 · 1.03
ROE
34.2%▲
2024 · 22.8%
Interest coverage
359.73▲
2024 · 179.81
Debt ≤ 1 year
€1.3m▼
2024 · €1.3m
Debt > 1 year
€8,819▼
2024 · €43,889
Income taxes
€90,995▲
2024 · €86,815
Staff costs
€995,171▲
2024 · €925,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 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 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | - | - | - | - | €11,000 | - |
| Remuneration, social security and pensions62 | - | €833,612 | €832,217 | €925,841 | €995,171 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,528 | €90,849 | €88,222 | €92,968 | €100,265 | ▲ 7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,426 | - | - | - |
| Other operating charges640/8 | - | €4,974 | €8,329 | €8,162 | €40,672 | ▲ 398% |
| Gross operating margin9900 | €1.3m | €1.2m | €1.4m | €1.4m | €1.7m | ▲ 19.8% |
| Operating profit (loss)9901 | €333,686 | €258,594 | €508,358 | €385,364 | €555,258 | ▲ 44.1% |
| Financial income75/76B | - | €1,541 | €2,852 | €4,490 | €3,841 | ▼ 14.5% |
| Recurring financial income75 | €1,580 | €1,541 | €2,852 | €4,490 | €3,841 | ▼ 14.5% |
| Financial charges65/66B | - | €2,298 | €3,905 | €2,660 | €1,822 | ▼ 31.5% |
| Recurring financial charges65 | €1,204 | €2,298 | €3,905 | €2,660 | €1,822 | ▼ 31.5% |
| Profit (loss) for the period before taxes9903 | €334,062 | €257,837 | €507,306 | €387,194 | €557,276 | ▲ 43.9% |
| Income taxes67/77 | €60,410 | €75,587 | €126,558 | €86,815 | €90,995 | ▲ 4.8% |
| Profit (loss) for the period9904 | €273,651 | €182,249 | €380,748 | €300,379 | €466,281 | ▲ 55.2% |
| Profit (loss) for the period to be appropriated9905 | €311,151 | €182,249 | €380,748 | €300,379 | €466,281 | ▲ 55.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.2m | €2.2m | €2.7m | €2.7m | ▲ 0.1% |
| Fixed assets21/28 | €400,407 | €372,526 | €303,349 | €267,847 | €259,143 | ▼ 3.2% |
| Intangible fixed assets21 | €10,062 | €12,992 | €11,774 | €8,179 | €29,772 | ▲ 264% |
| Tangible fixed assets22/27 | €390,345 | €359,534 | €291,575 | €259,669 | €229,371 | ▼ 11.7% |
| Plant, machinery and equipment23 | - | €209,805 | €158,012 | €121,386 | €68,994 | ▼ 43.2% |
| Furniture and vehicles24 | - | €31,137 | €28,889 | €41,966 | €74,639 | ▲ 77.9% |
| Other tangible fixed assets26 | - | €118,592 | €104,674 | €96,316 | €85,738 | ▼ 11.0% |
| Current assets29/58 | €2.1m | €1.9m | €1.9m | €2.4m | €2.4m | ▲ 0.5% |
| Stocks and contracts in progress3 | €464,792 | €780,358 | €852,047 | €1.3m | €1.0m | ▼ 20.1% |
| Stocks30/36 | - | €776,514 | €814,058 | €1.2m | €955,295 | ▼ 20.7% |
| Contracts in progress37 | - | €3,844 | €37,989 | €96,736 | €84,178 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €886,672 | €625,279 | €378,262 | €484,463 | €607,077 | ▲ 25.3% |
| Trade receivables40 | - | €610,866 | €378,262 | €481,092 | €606,937 | ▲ 26.2% |
| Other amounts receivable41 | - | €14,413 | - | €3,371 | €140 | ▼ 95.8% |
| Current investments50/53 | - | - | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €681,953 | €440,664 | €575,085 | €583,793 | €734,171 | ▲ 25.8% |
| Deferred charges and accrued income490/1 | - | €15,316 | €22,178 | €34,272 | €34,029 | ▼ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.2m | €2.2m | €2.7m | €2.7m | ▲ 0.1% |
| Equity10/15 | €1.0m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 3.6% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €989,117 | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 3.8% |
| Non-distributable reserves130/1 | - | €5,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €5,000 | - | - | - | - |
| Distributable reserves133 | - | €1.0m | €1.2m | €1.3m | €1.3m | ▲ 3.8% |
| Amounts payable17/49 | €1.5m | €1.1m | €999,168 | €1.4m | €1.3m | ▼ 3.4% |
| Amounts payable after more than one year17 | - | €113,047 | €78,631 | €43,889 | €8,819 | ▼ 79.9% |
| Financial debts170/4 | - | €113,047 | €78,631 | €43,889 | €8,819 | ▼ 79.9% |
| Amounts payable within one year42/48 | €1.5m | €1.0m | €920,537 | €1.3m | €1.3m | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €34,093 | €34,416 | €34,741 | €35,070 | ▲ 0.9% |
| Trade debts44 | €635,319 | €416,264 | €327,196 | €490,867 | €373,821 | ▼ 23.8% |
| Suppliers440/4 | - | €416,264 | €327,196 | €490,867 | €373,821 | ▼ 23.8% |
| Advances received on contracts in progress46 | - | €318,441 | €155,100 | €419,655 | €318,739 | ▼ 24.0% |
| Taxes, remuneration and social security45 | - | €109,922 | €138,761 | €140,139 | €142,985 | ▲ 2.0% |
| Taxes450/3 | - | €18,654 | €49,158 | €41,166 | €41,599 | ▲ 1.1% |
| Remuneration and social security454/9 | - | €91,267 | €89,603 | €98,973 | €101,386 | ▲ 2.4% |
| Other amounts payable47/48 | - | €139,336 | €265,064 | €224,647 | €429,108 | ▲ 91.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €273,651 | €182,249 | €380,748 | €300,379 | €466,281 | ▲ 55.2% |
| + Depreciation and write-downs630 | €49,528 | €90,849 | €88,222 | €92,968 | €100,265 | ▲ 7.8% |
| Operating cash flow (approximation) | €323,179 | €273,098 | €468,970 | €393,346 | €566,546 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | -€62,967 | -€19,045 | -€57,466 | -€91,561 | ▼ 59.3% |
| Change in cash | - | -€241,290 | €134,421 | €8,708 | €150,378 | ▲ 1,627% |
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
31-03
State Gazette act
Permanent representative: Maarten BAXShare consolidation3 facts ▸
State Gazette act
Permanent representative: Maarten BAX
Share consolidation3 facts ▸
- Board meeting, 04/03/2026
- Share consolidation, 4 maart 2026
- Permanent representative, Maarten BAX
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €466,281 ▲55.2%
Operating result €555,258, net result €466,281, both a record.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 1999
Ground area
6,387 m²
Building footprint
2,360 m²
Parcel 13035A0004/00A065, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kanaaldijk 14, 2380 Ravels
since 19992.092.411.546
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0004/00A065 | Flanders | 6,387 m² | 1 · 2,360 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,096 EUR awarded · 6,096 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 647 EUR | 647 EUR |
| 2024 | 1 | 312 EUR | 312 EUR |
| 2023 | 1 | 599 EUR | 599 EUR |
| 2022 | 2 | 4,538 EUR | 4,538 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Show 3 ended approvals
Lasser MIG/MAG (so)
Lasser TIG (so)
Productiemedewerker metaal (so)
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Of 263 companies in sector 28300 we hold annual accounts for 197. 148 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
Founded28-06-1999
Fiscal year end30-06
Activities, NACEBEL 2025
25530Machining of metals
28300Manufacture of machinery and equipment not elsewhere classified
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
46610Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466363033
Registered
03-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.