Result
-€370,347 -€370,347
From profit to loss in 2025, after a profit of €54,404 in 2024.
B.S.P. Construction
Lifetime
19 annual accounts with figures on one time axispeak €1.0m (2024)
€738,150▼ 28.1%
lowest -€370,347 (2025)
-€370,347▼ €424,752
peak €1.0m (2024)
€653,073▼ 36.3%
€1.9m▼ 16.3%
peak 16.7 FTE (2024)
15.6 FTE▼ 6.6%
Board13 names since 2020all names
8 directorsClément LABEYE and 7 others
Owners4 names in the annual accounts
25%NOSHAQ VENTURE and 1 other
Documentsfilings and deeds
29-01-20262 days before the deadline
2025financial year
Gross margin from €1.0m to €738,150Loss of €370,347Permanent representatives: Hervé BOUTANTIN and Franz RENSON 22-07Equity from €1.0m to €653,073Debts from €2.3m to €1.9mCash from €79,929 to €187,425
Key points
from the 2025 annual accountsTurnover
≈ €1.8m estimated
The accounts state no turnover.
Debts
€1.9m 74% of the balance sheet
Financial debts 41%Suppliers 48%Taxes and wages 5%Other 6%
Of this, €1.8m falls due within a year.
Filings
19 annual accounts since 2007
The last five annual accounts were filed 0 to 39 days before the end of the period.
At the same address
53 companies
Position in the sector
-€370,347
Lower net result than 93% of companies in construction of buildings. Sector median €32,512 · 1,039 companies.
Checked score
51
Fair
Financially stronger than 18% of small companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.9%▲ +0.3 percentage points vs 12-2024
02-2025: 0.6%▼ -0.3 percentage points vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.1%▲ +0.2 percentage points vs 12-2025
02-2026: 1.6%▲ +0.5 percentage points vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.9%▲ +0.3 percentage points vs 08-2026
10-2026: 2.1%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €370,347 (financial year 2025)
Size: 15.6 FTE, total assets €2.6m
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Legal form: public limited company
Calculation
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 41, small). It does better than 41% of them on solvency, 22% on liquidity, 3% on profitability and 9% 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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 307 companies had the same profile as B.S.P. Construction has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B.S.P. Construction itself: 2.1% within 12 months.
Test of the method
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 307 companies, not a prediction for B.S.P. Construction. 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.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (1.03 in 2024), below 1. Short-term debt is 70% and cash 7.2% of total assets. 75% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
1 day early
2023
16 days early
2022
39 days early
2021
on the day
2020
41 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
and 2 others
- NOSHAQ VENTURE 25%score 55equity -€1.0m (2025) · 30-06-2025 annual accounts of NOSHAQ VENTURE
- EB Engineering 1.88%score 91equity €29,051 (2025) · 2025 annual accounts of EB Engineering
- FONTENY 1.88%score 92equity €144,288 (2025) · 2025 annual accounts of FONTENY
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879612331
Permanent representatives: Hervé BOUTANTIN and Franz RENSON
Gazette deed
5 directors appointed, 5 resignations
Change of role: Jean-Marie CREMER, from director to chair · Resignations: EB ENGINEERING SRL (managing director), FONTENY SRL (managing director), Michel BEGUIN, Clément LABEYE and NOSHAQ PARTNERS SCRL · Appointments: EB ENGINEERING SRL (managing director), FONTENY SRL (managing director), Michel BEGUIN, Clément LABEYE and NOSHAQ PARTNERS SCRL · Gazette deed
Permanent representatives: Frédéric DRIESSENS and Franz RENSON
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| B.S.P. Construction Liège | €2.6m | €0.7m | 25.0% | 15.6 |
| GREEN CONSTRUCT Theux | €3.2m | €0.7m | 16.8% | 9.7 |
| INDULEK PROJECTS Zottegem | €3.2m | €1.0m | 33.7% | 12.2 |
| THIJS INDUSTRIEBOUW Pelt | €1.8m | €0.9m | 33.7% | 11.1 |
| Algemene Bouwwerken Mozaik Hasselt | €2.5m | €1.1m | 43.3% | 20.7 |
| CLOET Wingene | €1.6m | €0.8m | 48.1% | 9.4 |
| BOUWWERKEN PEETERMANS Herselt | €2.1m | €1.4m | 65.3% | 12 |
These companies have the same main activity as B.S.P. Construction: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €1.6m and €3.2m, founded between 1999 and 2010.
Official details
Source: KBO- Status
- Active since 24-02-2006Normal situation
- Registered office
- 54 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Joint committee
- 111Metal, mechanical and electrical engineering · annual accounts 30-06-2025
- Establishment units
- 2.307.151.0374000 Liège, since 21-06-2017
- 2.307.164.3014162 Anthisnes, since 01-01-2020and 1 other
- Financial year end
- 30 June
- Peppol
- Reachable since 25-11-2025
Annual accounts to 30-06-2025
- €2.6m▼ 21.3%
- Employeeson 30-06-2025
- 16▼ 11.1%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on B.S.P. Construction
B.S.P. Construction has existed since 2006. In 2011 the gross margin rose from €96,074 to €222,044 and staff from 3.2 to 5.2 full-time equivalents.
Solvency fell in 2025 from 30.8% to 25.0% because of the loss.
In February 2024, the Official Gazette published the appointment of EB ENGINEERING SRL as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about B.S.P. Construction
- What is the company number of B.S.P. Construction?
- The company number of B.S.P. Construction is 0879.612.331. The VAT number is the same number with BE in front: BE 0879.612.331.
- Where is B.S.P. Construction based?
- The registered office is at Quai Banning 6, 4000 Liège.Company details
- What does B.S.P. Construction do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of B.S.P. Construction?
- B.S.P. Construction is a public limited company (NV).
- When was B.S.P. Construction founded?
- B.S.P. Construction was founded on 24-02-2006.
- Is B.S.P. Construction still active?
- Yes, B.S.P. Construction is an active enterprise in the KBO register.
- How many employees does B.S.P. Construction have?
- B.S.P. Construction had an average of 15.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does B.S.P. Construction fall under?
- In its 30-06-2025 annual accounts, B.S.P. Construction states joint committee 111 (Metal, mechanical and electrical engineering).
- What is the turnover of B.S.P. Construction?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €738,150 and 35 comparable companies (NACE 410). It probably lies between €1.3m and €2.8m.
- Is B.S.P. Construction profitable?
- In financial year 2025, B.S.P. Construction made a loss of €370,347.
- Where can I find the annual accounts of B.S.P. Construction?
- B.S.P. Construction filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of B.S.P. Construction due?
- B.S.P. Construction must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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