B3 Constructions
ActiveSummary
B3 Constructions has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €609k and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+11
Solvency67▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.54 in 2023; short-term debt: 57.5% and cash: 34% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
77 d late
2022
68 d late
2021
4 d late
2020
8 d early
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€609k▲ 7.1%
2023 · €568k
Total assets
€1.43M▼ 11.2%
2023 · €1.61M
Net result
€41k
2023 · €-22k
Working capital
€609k▲ 7.1%
2023 · €568k
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
Line20202021202220232024
Operating result€-4k▲ 41.4%€15k€871k▲ 5,634%€-22k€-49k▼ 117%
Net result€-7k▲ 33.6%€15k€578k▲ 3,759%€-22k€41k
Equity€-2k€13k€590k▲ 4,590%€568k▼ 3.7%€609k▲ 7.1%
Total assets€2k▼ 89.8%€4.68M▲ 310,589%€1.78M▼ 61.9%€1.61M▼ 9.4%€1.43M▼ 11.2%
Debt€4k▲ 530%€4.66M▲ 119,895%€1.19M▼ 74.4%€1.05M▼ 12.2%€824k▼ 21.2%
Working capital€-2k€308k€590k▲ 91.9%€568k▼ 3.7%€609k▲ 7.1%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49k in 2024 against €22k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.43M
Equity
€609k ▲ 7.1%
Debt
€824k ▼ 21.2%
Debt's share of the balance-sheet total falls from 64.8% to 57.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.74▲
2023 · 1.54
Quick ratio
1.10▼
2023 · 1.29
Debt to equity
1.35▼
2023 · 1.84
ROE
6.7%▲
2023 · -3.9%
ROA
2.8%▲
2023 · -1.4%
Debt ≤ 1 year
€824k▼
2023 · €1.05M
Income taxes
€15k▲
2023 · €145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €603 | €7k | €7k | €3k | ▼ 56.3% |
| Gross operating margin9900 | €-4k | €16k | €878k | €-15k | €-45k | ▼ 197% |
| Operating profit (loss)9901 | €-4k | €15k | €871k | €-22k | €-49k | ▼ 117% |
| Financial income75/76B | - | €0 | - | €6k | €113k | ▲ 1,710% |
| Recurring financial income75 | - | €0 | - | €6k | €113k | ▲ 1,710% |
| Financial charges65/66B | - | €225 | €4k | €6k | €8k | ▲ 47.9% |
| Recurring financial charges65 | €236 | €225 | €4k | €6k | €8k | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | €-5k | €15k | €868k | €-22k | €56k | ▲ 355% |
| Income taxes67/77 | €2k | - | €290k | €145 | €15k | ▲ 10,330% |
| Profit (loss) for the period9904 | €-7k | €15k | €578k | €-22k | €41k | ▲ 284% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €15k | €578k | €-22k | €41k | ▲ 284% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2k | €4.68M | €1.78M | €1.61M | €1.43M | ▼ 11.2% |
| Current assets29/58 | €2k | €4.68M | €1.78M | €1.61M | €1.43M | ▼ 11.2% |
| Stocks and contracts in progress3 | - | €2.13M | €260k | €260k | €526k | ▲ 102% |
| Stocks30/36 | - | - | €260k | €260k | €526k | ▲ 102% |
| Contracts in progress37 | - | €2.13M | - | - | - | - |
| Amounts receivable within one year40/41 | - | €2.52M | €1.26M | €527k | €418k | ▼ 20.6% |
| Trade receivables40 | - | €2.49M | €1.26M | €3k | - | - |
| Other amounts receivable41 | - | €25k | - | €524k | €418k | ▼ 20.1% |
| Current investments50/53 | - | - | - | €357k | €1k | ▼ 99.7% |
| Cash at bank and in hand54/58 | €2k | €26k | €267k | €469k | €488k | ▲ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2k | €4.68M | €1.78M | €1.61M | €1.43M | ▼ 11.2% |
| Equity10/15 | €-2k | €13k | €590k | €568k | €609k | ▲ 7.1% |
| Contributions10/11 | - | - | €11k | €11k | €11k | = |
| Reserves13 | €13k | €13k | €579k | €579k | €598k | ▲ 3.2% |
| Distributable reserves133 | - | €13k | €579k | €579k | €598k | ▲ 3.2% |
| Profit (loss) carried forward14 | €-16k | €-711 | - | €-22k | - | - |
| Amounts payable17/49 | €4k | €4.66M | €1.19M | €1.05M | €824k | ▼ 21.2% |
| Amounts payable after more than one year17 | - | €295k | - | - | - | - |
| Other amounts payable178/9 | - | €295k | - | - | - | - |
| Amounts payable within one year42/48 | €4k | €4.37M | €1.19M | €1.05M | €824k | ▼ 21.2% |
| Trade debts44 | - | €2.08M | €463k | €11k | €3k | ▼ 76.5% |
| Suppliers440/4 | - | €2.08M | €463k | €11k | €3k | ▼ 76.5% |
| Advances received on contracts in progress46 | - | €2.16M | - | - | - | - |
| Taxes, remuneration and social security45 | - | €133k | €574k | €290k | €26k | ▼ 91.0% |
| Taxes450/3 | - | €133k | €574k | €290k | €26k | ▼ 91.0% |
| Other amounts payable47/48 | - | - | €154k | €745k | €796k | ▲ 6.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €15k | €578k | €-22k | €41k | ▲ 284% |
| Operating cash flow (approximation) | €-7k | €15k | €578k | €-22k | €41k | ▲ 284% |
| Change in cash | - | €25k | €241k | €202k | €19k | ▼ 90.7% |
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
2026
22-06
State Gazette act
RestructuringPermanent representative: Frans Borremans · Merger · Accounting effect13 facts ▸
State Gazette act
Restructuring
Permanent representative: Frans Borremans · Merger · Accounting effect13 facts ▸
- Merger, vereenvoudigde zusterfusie
- Accounting effect, 01-01-2026
- Capital, €18.600
- Capital, €11.200
- Board composition, Hans Borremans (non-statutory director)
- Board composition, Borremans (non-statutory director)
- Permanent representative, Frans Borremans
- Board composition, Frans Borremans (non-statutory director)
- Board composition, Hans Borremans (non-statutory director)
- Board composition, Wim Borremans (non-statutory director)
- Tax treatment, niet onderworpen (art. 11 en 18, §3 BTW-wet), vrijstelling (art. 117 WRHG; art. 2.9.1.0.3, 2.10.1.0.3, 2.11.1.0.2 Vlaamse Codex Fiscaliteit)
- Merger costs, gedragen door de Overnemende Vennootschap
- +1 further facts in this act
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 82 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Highest result since 2018net €578k ▲3,759%
Operating result €871k, net result €578k, both a record.
31-12
Financial
Equity above €500kEq €590k ▲4,590%
2 profitable years in a row build equity to €590k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.07
Current ratio from 0.39 to 1.07.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Liquidity times 8current ratio 23.81
Current ratio from 3.09 to 23.81; short-term debt falls from €24k to €617.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bornem
Ground area
1,405 m²
Building footprint
293 m²
Volume, LiDAR
1,081 m³
Parcel 12024A0170/00C000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0170/00C000 | Flanders | 1,405 m² | 1 · 293 m² | 6.9 m · 1 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.
Articles of association
Purpose
Alle activiteiten in de horecasector en het horecabedrijf in de ruimste zin van het woord... [full text omitted for brevity in thought, included in quote]
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:B2Holding
Capital and shareholders
Capital over the years
- 22-06-2026 Capital stated in the act · 11,200 EUR · 30 shares
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,250 EUR awarded · 2,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,250 EUR | 2,250 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400AL9UC169EZAZ36
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 8,437 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
Founded01-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68310Real estate agency activities
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.