B&R Construct
ActiveSummary
B&R Construct has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €109,647. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-2
Solvency28▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.07 in 2024; short-term debt: 96.5% and cash: 0% of total assets), and 96.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
3.5%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4926 sector peers (2025).
NBB · sector comparisonPosition among 4926 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
30 d early
2022
32 d early
2021
32 d early
2020
32 d early
2019
32 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
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Financials · fiscal year 2025, full schema
Turnover
€40.6m▼ 14.1%
2024 · €47.2m
EBIT margin
2.1%▲ 0.7pp
2024 · 1.3%
Net result
€109,647▼ 21.3%
2024 · €139,258
Working capital
€1.2m▲ 10.8%
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€88.5m€90.2m▲ 1.9%€64.2m▼ 28.8%€47.2m▼ 26.4%€40.6m▼ 14.1%
Operating result€666,848▲ 6.2%€397,152▼ 40.4%€514,615▲ 29.6%€632,236▲ 22.9%€832,671▲ 31.7%
Net result€39,249▼ 83.6%€66,420▲ 69.2%€4,774▼ 92.8%€139,258▲ 2,817%€109,647▼ 21.3%
EBIT margin0.8%0.4%▼ 0.3pp0.8%▲ 0.4pp1.3%▲ 0.5pp2.1%▲ 0.7pp
Equity€816,417▲ 5.1%€882,837▲ 8.1%€887,611▲ 0.5%€1.0m▲ 15.7%€1.1m▲ 10.7%
Total assets€43.6m▼ 1.2%€25.4m▼ 41.8%€22.4m▼ 11.9%€16.9m▼ 24.5%€32.7m▲ 93.8%
Debt€42.8m▼ 1.3%€24.5m▼ 42.8%€21.5m▼ 12.3%€15.9m▼ 26.1%€31.6m▲ 99.1%
Working capital-€748,174€886,614€887,611▲ 0.1%€1.0m▲ 17.4%€1.2m▲ 10.8%
Why a figure moved sharply
- 2021 Net result -84% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €32.7m
Equity
€1.1m ▲ 10.7%
Debt
€31.6m ▲ 99.1%
Debt's share of the balance-sheet total rises from 93.9% to 96.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.04▼
2024 · 1.07
Quick ratio
0.12▼
2024 · 0.22
Debt to equity
27.81▲
2024 · 15.45
ROE
9.6%▼
2024 · 13.6%
ROA
0.3%▼
2024 · 0.8%
Debt ≤ 1 year
€31.6m▲
2024 · €15.9m
Income taxes
€93,537▲
2024 · €52,562
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 189 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Large
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
1.1%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 189 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €81.7m | €70.3m | €67.8m | €47.2m | €59.0m | ▲ 25.0% |
| Turnover70 | €88.5m | €90.2m | €64.2m | €47.2m | €40.6m | ▼ 14.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€8.0m | -€21.2m | €2.3m | -€607,017 | €18.1m | ▲ 3,084% |
| Other operating income74 | €1.3m | €1.3m | €1.3m | €569,777 | €356,641 | ▼ 37.4% |
| Non-recurring operating income76A | - | €3,877 | €0 | - | - | - |
| Operating charges60/66A | €81.0m | €69.9m | €67.3m | €46.6m | €58.2m | ▲ 24.9% |
| Goods for resale, raw materials and consumables60 | €79.3m | €67.9m | €65.6m | €46.3m | €57.9m | ▲ 25.0% |
| Purchases600/8 | €79.3m | €69.6m | €63.7m | €42.9m | €57.9m | ▲ 34.9% |
| Change in stocks: decrease (increase)609 | €0 | -€1.7m | €1.9m | €3.4m | €0 | ▼ 100% |
| Services and other goods61 | €1.7m | €1.6m | €1.1m | €278,239 | €285,683 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,980 | €0 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€595 | €0 | - | - | - | - |
| Other operating charges640/8 | €52,538 | €379,957 | €642,924 | €20,263 | €56,755 | ▲ 180% |
| Operating profit (loss)9901 | €666,848 | €397,152 | €514,615 | €632,236 | €832,671 | ▲ 31.7% |
| Financial income75/76B | €13,144 | €13,640 | €17,485 | €812 | €179 | ▼ 78.0% |
| Recurring financial income75 | €13,144 | €13,640 | €17,485 | €812 | €179 | ▼ 78.0% |
| Income from current assets751 | - | - | - | - | €122 | - |
| Other financial income752/9 | €13,144 | €13,640 | €17,485 | €812 | €57 | ▼ 93.0% |
| Financial charges65/66B | €640,744 | €332,123 | €524,943 | €441,228 | €629,667 | ▲ 42.7% |
| Recurring financial charges65 | €640,744 | €332,123 | €524,943 | €441,228 | €629,667 | ▲ 42.7% |
| Debt charges650 | €640,700 | €306,823 | €511,055 | €434,191 | €618,395 | ▲ 42.4% |
| Other financial charges652/9 | €44 | €25,300 | €13,888 | €7,037 | €11,272 | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €39,249 | €78,668 | €7,157 | €191,820 | €203,184 | ▲ 5.9% |
| Income taxes67/77 | - | €12,249 | €2,383 | €52,562 | €93,537 | ▲ 78.0% |
| Taxes670/3 | - | €12,249 | €2,383 | €52,562 | €93,537 | ▲ 78.0% |
| Profit (loss) for the period9904 | €39,249 | €66,420 | €4,774 | €139,258 | €109,647 | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | €39,249 | €66,420 | €4,774 | €139,258 | €109,647 | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43.6m | €25.4m | €22.4m | €16.9m | €32.7m | ▲ 93.8% |
| Fixed assets21/28 | €1.6m | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1.6m | €0 | - | - | - | - |
| Land and buildings22 | €1.6m | €0 | - | - | - | - |
| Current assets29/58 | €42.0m | €25.4m | €22.4m | €16.9m | €32.7m | ▲ 93.8% |
| Stocks and contracts in progress3 | €35.6m | €21.1m | €16.9m | €13.3m | €28.9m | ▲ 117% |
| Stocks30/36 | €3.6m | €5.3m | €3.4m | €17,500 | €17,500 | = |
| Property held for sale35 | €3.6m | €5.3m | €3.4m | €17,500 | €17,500 | = |
| Contracts in progress37 | €32.1m | €15.8m | €13.5m | €13.3m | €28.9m | ▲ 117% |
| Amounts receivable within one year40/41 | €3.5m | €2.0m | €3.3m | €1.0m | €1.7m | ▲ 62.9% |
| Trade receivables40 | €3.5m | €2.0m | €3.3m | €1.0m | €1.7m | ▲ 62.9% |
| Other amounts receivable41 | - | - | €556 | €556 | €556 | = |
| Cash at bank and in hand54/58 | €597,716 | €172,101 | €43,918 | €165,528 | €14,907 | ▼ 91.0% |
| Deferred charges and accrued income490/1 | €2.3m | €2.1m | €2.0m | €2.4m | €2.1m | ▼ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43.6m | €25.4m | €22.4m | €16.9m | €32.7m | ▲ 93.8% |
| Equity10/15 | €816,417 | €882,837 | €887,611 | €1.0m | €1.1m | ▲ 10.7% |
| Contributions10/11 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Capital10 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Issued capital100 | €850,000 | €850,000 | €850,000 | €850,000 | €850,000 | = |
| Reserves13 | - | €1,642 | €6,416 | €6,416 | €13,379 | ▲ 109% |
| Non-distributable reserves130/1 | - | €1,642 | €6,416 | €6,416 | €13,379 | ▲ 109% |
| Legal reserve130 | - | €1,642 | €6,416 | €6,416 | €13,379 | ▲ 109% |
| Profit (loss) carried forward14 | -€33,583 | €31,195 | €31,195 | €170,453 | €273,137 | ▲ 60.2% |
| Amounts payable17/49 | €42.8m | €24.5m | €21.5m | €15.9m | €31.6m | ▲ 99.1% |
| Amounts payable within one year42/48 | €42.8m | €24.5m | €21.5m | €15.9m | €31.6m | ▲ 99.2% |
| Financial debts43 | €23.3m | €9.1m | €2.5m | €4.8m | €14.2m | ▲ 198% |
| Credit institutions430/8 | €23.3m | €9.1m | €2.5m | €4.8m | €14.2m | ▲ 198% |
| Trade debts44 | €11.1m | €5.4m | €6.0m | €4.6m | €4.9m | ▲ 7.1% |
| Suppliers440/4 | €11.1m | €5.4m | €6.0m | €4.6m | €4.9m | ▲ 7.1% |
| Advances received on contracts in progress46 | €2.7m | €8.1m | €3.5m | €3.7m | €3.8m | ▲ 3.0% |
| Taxes, remuneration and social security45 | €1.4m | €506,600 | €496,747 | €185,184 | €812,334 | ▲ 339% |
| Taxes450/3 | €1.4m | €506,600 | €496,747 | €185,184 | €812,334 | ▲ 339% |
| Other amounts payable47/48 | €4.2m | €1.3m | €9.0m | €2.6m | €7.9m | ▲ 200% |
| Accrued charges and deferred income492/3 | €58,920 | €3,777 | €0 | €15,569 | €18,633 | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,249 | €66,420 | €4,774 | €139,258 | €109,647 | ▼ 21.3% |
| + Depreciation and write-downs630 | €20,980 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €60,229 | €66,420 | €4,774 | €139,258 | €109,647 | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | €1.6m | - | - | - | - |
| Change in cash | - | -€425,615 | -€128,183 | €121,609 | -€150,621 | ▼ 224% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
17-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲15.7%
7 profitable years in a row build equity to €1.0m.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €238,677 ▲20,070%
Net result €238,677, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €1,183 ▼80.7%
Net result drops to €1,183, the lowest in the series; recovery starts the following year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Arendonk · 1 establishment unit since 2014
Ground area
4,994 m²
Building footprint
391 m²
Parcel 13322C1203/00E000, Flanders. Linked by address, not a title deed.
33
companies at this address
See who is registered here
1 establishment unit
B&R Building Materials
since 20142.227.614.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1203/00E000 | Flanders | 4,994 m² | 1 · 391 m² | 0.0 m |
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.
Structure & network
Part of the group
B & R
18 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- B & R
- B&R Construct
Highest known parent: B & R. The sources do not say who stands above it.
Owners 1
- B & RparentSourceaccounts B & R 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 644,513 EUR awarded · 386,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 386,000 EUR |
| 2024 | 1 | 644,513 EUR | 0 EUR |
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,398. 990 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
Founded20-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546916484
Also
9925:BE0546916484
Registered
16-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.