Result
From profit to loss in 2025, after a profit of €64,176 in 2024.
From profit to loss in 2025, after a profit of €64,176 in 2024.
The accounts state no turnover.
Green is investment, beige is depreciation. Land and buildings stand 116.4% higher than in 2024.
The last five annual accounts were filed 7 to 23 days before the end of the period.
Merger with RKW Laswerken. Merger on 06-01-2026.
Lower net result than 89% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 54% of them on solvency, 22% on liquidity, 17% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,686 companies had the same profile as B-Immoconstruct has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B-Immoconstruct itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for B-Immoconstruct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.61 (0.38 in 2024), below 1. Short-term debt is 30.1% and cash 3.9% of total assets. 40.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| B-Immoconstruct Herentals | €641,700 | €118,033 | 59.1% | 0 |
| Decas Services Harelbeke | €555,083 | €118,130 | 62.2% | 0 |
| Patrick Deramoudt Jabbeke | €765,910 | €119,281 | 94.4% | 0 |
| BRIVER INVEST Jabbeke | €538,493 | €117,615 | 24.1% | 0 |
| TEFICO Oudenaarde | €703,503 | €133,729 | 62.2% | 0 |
| PureC Keerbergen | €662,529 | €101,356 | -60.3% | 0 |
| RANIVO Knokke-Heist | €837,517 | €111,000 | 54.2% | 0 |
These companies have the same main activity as B-Immoconstruct: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €538,000 and €838,000, founded between 2009 and 2012.
B-Immoconstruct files the abbreviated format. That format states no turnover. The gross margin rose from -€7,254 in 2013 to €118,033 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €150,000 and €250,000.
Higher than 56% of 10,856 companies in 2025.
Higher than 26% of 10,478 companies in 2025.
Higher than 12% of 10,725 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
641,700 | 750,415 | 722,728 | 644,358 | 626,902 | 609,678 | 586,331 | 322,394 | 309,342 | 323,816 | 330,866 | 232,214 | 232,853 | |
21/28 |
523,826 | 655,910 | 640,895 | 625,880 | 610,865 | 595,850 | 580,835 | 150,820 | 135,805 | 120,790 | 105,775 | 231,000 | 231,000 | |
21 |
2,469 | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
521,358 | 240,910 | 225,895 | 210,880 | 195,865 | 180,850 | 165,835 | 150,820 | 135,805 | 120,790 | 105,775 | 231,000 | 231,000 | |
22 |
521,358 | 240,910 | 225,895 | 210,880 | 195,865 | 180,850 | 165,835 | 150,820 | 135,805 | 120,790 | 105,775 | 231,000 | 231,000 | |
28 |
0 | 415,000 | 415,000 | 415,000 | 415,000 | 415,000 | 415,000 | - | - | - | - | - | - | |
29/58 |
117,873 | 94,505 | 81,833 | 18,478 | 16,037 | 13,828 | 5,496 | 171,574 | 173,537 | 203,026 | 225,091 | 1,214 | 1,853 | |
40/41 |
93,078 | 8,357 | 24,207 | 11,522 | 11,699 | 10,000 | - | 170,580 | 173,128 | 178,092 | 177,790 | 1,214 | 1,157 | |
40 |
3,828 | 4,110 | 22,253 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | |
41 |
89,251 | 4,247 | 1,954 | 1,522 | 1,699 | - | - | 170,580 | 173,128 | 178,092 | 177,790 | 1,214 | 1,157 | |
54/58 |
24,795 | 86,148 | 57,626 | 6,957 | 4,338 | 3,828 | 5,496 | 994 | 408 | 24,934 | 47,301 | - | 491 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | - | 205 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
641,700 | 750,415 | 722,728 | 644,358 | 626,902 | 609,678 | 586,331 | 322,394 | 309,342 | 323,816 | 330,866 | 232,214 | 232,853 | |
10/15 |
379,016 | 404,594 | 340,418 | 263,111 | 231,980 | 199,577 | 169,866 | 169,518 | 167,377 | 163,236 | 161,031 | 113,662 | 114,317 | |
10/11 |
122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | |
10 |
- | 122,000 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | 122,000 | - | - | - | - | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | 122,000 | |
11 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | 0 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
257,016 | 280,390 | 216,213 | 138,906 | 107,775 | 75,372 | 45,661 | 45,313 | 43,172 | 39,031 | 39,031 | - | - | |
130/1 |
0 | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | - | - | - | - | - | - | - | |
130 |
- | 12,200 | - | - | - | - | 12,200 | 12,200 | 12,200 | 12,200 | 12,200 | - | - | |
1311 |
0 | 0 | 12,200 | 12,200 | 12,200 | 12,200 | - | - | - | - | - | - | - | |
133 |
257,016 | 268,190 | 204,013 | 126,706 | 95,575 | 63,172 | 33,461 | 33,113 | 30,972 | 26,831 | 26,831 | - | - | |
14 |
0 | 2,205 | 2,205 | 2,205 | 2,205 | 2,205 | 2,205 | 2,205 | 2,205 | 2,205 | - | -8,338 | -7,683 | |
17/49 |
262,684 | 345,821 | 382,310 | 381,247 | 394,923 | 410,101 | 416,465 | 152,876 | 141,965 | 160,579 | 169,834 | 118,552 | 118,536 | |
17 |
69,668 | 94,531 | 119,147 | 143,518 | 167,646 | 191,535 | 215,186 | - | - | - | - | - | - | |
170/4 |
69,668 | 94,531 | 119,147 | 143,518 | 167,646 | 191,535 | 215,186 | - | - | - | - | - | - | |
42/48 |
193,016 | 251,290 | 263,163 | 237,729 | 227,276 | 218,566 | 201,279 | 152,876 | 141,965 | 160,579 | 169,834 | 118,552 | 118,536 | |
42 |
24,863 | 24,616 | 24,371 | 24,129 | 23,889 | 25,612 | 23,416 | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 16 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 16 | - | |
44 |
21,209 | 5,832 | 8,908 | - | - | - | - | - | - | - | 10,000 | - | - | |
440/4 |
21,209 | 5,832 | 8,908 | - | - | - | - | - | - | - | 10,000 | - | - | |
46 |
0 | 2,888 | 1,492 | 580 | - | - | - | - | - | - | - | - | - | |
45 |
6,952 | 7,634 | 10,946 | 1,962 | 1,908 | 5,926 | 3,252 | 8,042 | 3,896 | 26,114 | 29,184 | - | - | |
450/3 |
6,952 | 7,634 | 10,946 | 1,962 | 1,908 | 5,926 | 3,252 | 8,042 | 3,896 | 26,114 | 29,184 | - | - | |
47/48 |
139,992 | 210,320 | 217,446 | 211,058 | 201,480 | 187,028 | 174,610 | 144,835 | 138,069 | 134,465 | 130,650 | 118,536 | 118,536 | |
| Income statement | ||||||||||||||
76A |
15,015 | 15,015 | 15,015 | 15,015 | 15,015 | 15,015 | 15,015 | 15,015 | 15,015 | 15,015 | - | - | - | |
9900 |
118,033 | 104,953 | 116,204 | 53,047 | 52,669 | 52,608 | 12,839 | 13,805 | 13,243 | 13,210 | 464,754 | -638 | -7,254 | |
630 |
19,100 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
92,305 | 590 | 578 | 2,328 | 612 | 520 | 552 | 738 | 898 | 5,494 | 145 | 17 | 481 | |
66A |
- | - | - | - | - | - | - | - | - | - | 375,225 | - | - | |
9901 |
6,628 | 104,362 | 115,625 | 50,719 | 52,057 | 52,088 | 12,288 | 13,068 | 12,345 | 7,716 | 464,609 | -655 | -7,735 | |
75/76B |
1 | 1 | 38 | 1 | - | - | - | - | - | 19 | - | - | 72 | |
75 |
1 | 1 | 38 | 1 | - | - | - | - | - | 19 | - | - | 72 | |
65/66B |
12,062 | 18,078 | 12,213 | 8,609 | 8,853 | 8,511 | 11,730 | 9,685 | 5,645 | 5,526 | 17,312 | - | 20 | |
65 |
12,062 | 18,078 | 12,213 | 8,609 | 8,853 | 8,511 | 11,730 | 9,685 | 5,645 | 5,526 | 17,312 | - | 20 | |
9903 |
-5,434 | 86,286 | 103,451 | 42,110 | 43,203 | 43,576 | 557 | 3,383 | 6,700 | 2,210 | 72,072 | -655 | -7,683 | |
67/77 |
20,145 | 22,109 | 26,144 | 10,978 | 10,801 | 13,865 | 209 | 1,242 | 2,559 | 5 | 24,703 | - | - | |
9904 |
-25,579 | 64,176 | 77,307 | 31,132 | 32,403 | 29,711 | 348 | 2,141 | 4,141 | 2,205 | 47,369 | -655 | -7,683 | |
9905 |
-25,579 | 64,176 | 77,307 | 31,132 | 32,403 | 29,711 | 348 | 2,141 | 4,141 | 2,205 | 47,369 | -655 | -7,683 | |
| Appropriation of the result | ||||||||||||||
9906 |
-23,374 | 66,381 | 79,512 | 33,337 | 34,607 | 31,916 | 2,553 | 4,346 | 6,346 | 2,205 | 39,031 | -8,338 | -7,683 | |
14P |
2,205 | 2,205 | 2,205 | 2,205 | 2,205 | - | - | - | - | - | - | - | - | |
791/2 |
23,374 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
0 | 64,176 | 77,307 | 31,132 | 32,403 | 29,711 | 348 | 2,141 | 4,141 | - | 39,031 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 12,200 | - | - | |
6921 |
0 | 64,176 | 77,307 | 31,132 | 32,403 | 29,711 | 348 | 2,141 | 4,141 | - | 26,831 | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00290901 | |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00305610 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00258699 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00221259 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20163821 | |
| 31-12-2020 | abbreviated format | 14-06-2021 | 2021-19500524 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-25600135 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26900568 | |
| 31-12-2017 | micro format | 01-06-2018 | 2018-15200200 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20700395 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-15900416 | |
| 31-12-2014 | abbreviated format | 01-06-2015 | 2015-14000535 | |
| 31-12-2013 | abbreviated format | 02-06-2014 | 2014-14400231 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,728 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -6,478 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 572,322 | - | - | - | - | - | 415,000 | - | - | - | 250,000 | - | 231,000 | ||
| -61,353 | 28,522 | 50,670 | 2,618 | 510 | -1,668 | 4,502 | 586 | -24,525 | -22,367 | - | - | - | ||
| -75,142 | -156,784 | -181,330 | -219,251 | -211,239 | -204,738 | -195,783 | 18,698 | 31,572 | 42,446 | 55,256 | -117,338 | -116,683 | ||
| 59.1% | 53.9% | 47.1% | 40.8% | 37.0% | 32.7% | 29.0% | 52.6% | 54.1% | 50.4% | 48.7% | 48.9% | 49.1% | ||
| 0.61 | 0.38 | 0.31 | 0.08 | 0.07 | 0.06 | 0.03 | 1.12 | 1.22 | 1.26 | 1.33 | 0.01 | 0.02 | ||
| 0.69 | 0.85 | 1.12 | 1.45 | 1.70 | 2.05 | 2.45 | 0.90 | 0.85 | 0.98 | 1.05 | 1.04 | 1.04 | ||
| -6.7% | 15.9% | 22.7% | 11.8% | 14.0% | 14.9% | 0.2% | 1.3% | 2.5% | 1.4% | 29.4% | -0.6% | -6.7% | ||
| -4.0% | 8.6% | 10.7% | 4.8% | 5.2% | 4.9% | 0.1% | 0.7% | 1.3% | 0.7% | 14.3% | -0.3% | -3.3% | ||
| 2.13 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €94,531 | €119,147 | €143,518 | €210,880 | €191,535 |
| Carrying value of the other pledged assets | - | €415,000 | €415,000 | €415,000 | €415,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €569,803 | - | - | - | - |
| Intangible fixed assets | €2,519 | - | - | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| €19,100 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 94% lower than in 2024 and the lowest since 2014. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 46.1% to 40.9%. Equity and debt are lower.
See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.
This company merged into B-Immoconstruct on 06-01-2026.
| Name | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| RKW LASWERKEN | 100% | |||||
Source: list of holdings in its own accounts
The network lets you explore the ties of B-Immoconstruct.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
B-Immoconstruct was incorporated on 13 June 2012.1 The registered office was moved to Herentals in 2021.2 In 2026 the company absorbed RKW Laswerken by merger.3
| Establishment | Since | Unit number |
|---|---|---|
| Dikberd 28 registered office 2200 Herentals | 13-06-2012 | 2.210.373.642 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13302C0703/00W000 | 2,103 m² | 1 · 757 m² | 24.3 m |
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