BAST CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BAST CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €12,077 and a net result of -€8,113. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 47% of 28184 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-85
Solvency70▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.47 in 2024; short-term debt: 55.2% and cash: 13% of total assets), and 55.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.8%
Return on assets
-30.1%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
29 d early
2023
21 d early
2022
39 d early
2021
47 d early
2020
2 d late
2019
6 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 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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, micro schema
Equity
€12,077▼ 40.2%
2024 · €20,190
Total assets
€26,980▼ 11.6%
2024 · €30,527
Net result
-€8,113
2024 · €3,912
Working capital
€2,218▼ 54.6%
2024 · €4,886
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€1,323▼ 77.7%-€463-€3,376▼ 629%€4,056-€7,442
Net result€600below the sector's middle half▼ 87.8%-€1,110below the sector's middle half-€3,983below the sector's middle half▼ 259%€3,912within the sector's middle half-€8,113below the sector's middle half
Equity€21,371within the sector's middle half▲ 2.9%€20,261below the sector's middle half▼ 5.2%€16,278below the sector's middle half▼ 19.7%€20,190below the sector's middle half▲ 24.0%€12,077below the sector's middle half▼ 40.2%
Total assets€33,401below the sector's middle half▼ 27.4%€25,799below the sector's middle half▼ 22.8%€19,163below the sector's middle half▼ 25.7%€30,527below the sector's middle half▲ 59.3%€26,980below the sector's middle half▼ 11.6%
Debt€12,030▼ 52.3%€5,537▼ 54.0%€2,885▼ 47.9%€10,337▲ 258%€14,904▲ 44.2%
Working capital€11,082▼ 16.9%€8,717▼ 21.3%€7,269▼ 16.6%€4,886▼ 32.8%€2,218▼ 54.6%
Solvency64.0%within the sector's middle half▲ 18.8pp78.5%above the sector's middle half▲ 14.6pp84.9%above the sector's middle half▲ 6.4pp66.1%within the sector's middle half▼ 18.8pp44.8%within the sector's middle half▼ 21.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,442 after €4,056 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,980
Fixed assets
€9,859 ▼ 35.6%
Current assets
€17,121 ▲ 12.5%
Equity and liabilities €26,980
Equity
€12,077 ▼ 40.2%
Debt
€14,904 ▲ 44.2%
Debt's share of the balance-sheet total rises from 33.9% to 55.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,996▼
2024 · €8,483
Cash flow
-€2,668▼
2024 · €8,339
Current ratio
1.15▼
2024 · 1.47
Debt to equity
1.23▲
2024 · 0.51
ROE
-67.2%▼
2024 · 19.4%
ROA
-30.1%▼
2024 · 12.8%
Interest coverage
-2.97▼
2024 · 58.94
Debt ≤ 1 year
€14,904▲
2024 · €10,337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,523 | €3,523 | €3,553 | €4,427 | €5,445 | ▲ 23.0% |
| Other operating charges640/8 | €299 | €207 | €319 | €324 | €445 | ▲ 37.2% |
| Gross operating margin9900 | €5,144 | €3,267 | €497 | €8,807 | -€1,552 | ▼ 118% |
| Operating profit (loss)9901 | €1,323 | -€463 | -€3,376 | €4,056 | -€7,442 | ▼ 283% |
| Financial income75/76B | €145 | €78 | - | €0 | €0 | ▲ 200% |
| Recurring financial income75 | €145 | €78 | - | €0 | €0 | ▲ 200% |
| Financial charges65/66B | €709 | €729 | €607 | €144 | €672 | ▲ 367% |
| Recurring financial charges65 | €709 | €729 | €607 | €144 | €672 | ▲ 367% |
| Profit (loss) for the period before taxes9903 | €759 | -€1,114 | -€3,983 | €3,912 | -€8,113 | ▼ 307% |
| Income taxes67/77 | €159 | -€4 | - | - | - | - |
| Profit (loss) for the period9904 | €600 | -€1,110 | -€3,983 | €3,912 | -€8,113 | ▼ 307% |
| Profit (loss) for the period to be appropriated9905 | €600 | -€1,110 | -€3,983 | €3,912 | -€8,113 | ▼ 307% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,401 | €25,799 | €19,163 | €30,527 | €26,980 | ▼ 11.6% |
| Fixed assets21/28 | €15,129 | €11,606 | €9,070 | €15,304 | €9,859 | ▼ 35.6% |
| Tangible fixed assets22/27 | €13,543 | €10,020 | €7,483 | €13,718 | €8,272 | ▼ 39.7% |
| Plant, machinery and equipment23 | - | - | €986 | €647 | €308 | ▼ 52.4% |
| Furniture and vehicles24 | €13,543 | €10,020 | €6,497 | €13,070 | €7,964 | ▼ 39.1% |
| Financial fixed assets28 | €1,587 | €1,587 | €1,587 | €1,587 | €1,587 | = |
| Current assets29/58 | €18,272 | €14,192 | €10,094 | €15,223 | €17,121 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €4,375 | €3,099 | €1,971 | €2,178 | €11,553 | ▲ 430% |
| Trade receivables40 | - | - | €7 | €69 | €10,545 | ▲ 15,103% |
| Other amounts receivable41 | €4,375 | €3,099 | €1,964 | €2,109 | €1,008 | ▼ 52.2% |
| Cash at bank and in hand54/58 | €13,649 | €10,152 | €6,905 | €11,210 | €3,502 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | €247 | €941 | €1,218 | €1,834 | €2,067 | ▲ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,401 | €25,799 | €19,163 | €30,527 | €26,980 | ▼ 11.6% |
| Equity10/15 | €21,371 | €20,261 | €16,278 | €20,190 | €12,077 | ▼ 40.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €911 | -€199 | -€4,182 | -€270 | -€8,383 | ▼ 3,003% |
| Amounts payable17/49 | €12,030 | €5,537 | €2,885 | €10,337 | €14,904 | ▲ 44.2% |
| Amounts payable after more than one year17 | €4,840 | - | - | - | - | - |
| Financial debts170/4 | €4,840 | - | - | - | - | - |
| Amounts payable within one year42/48 | €7,190 | €5,476 | €2,825 | €10,337 | €14,904 | ▲ 44.2% |
| Current portion of amounts payable after more than one year42 | €5,109 | €4,840 | - | - | - | - |
| Trade debts44 | €581 | €636 | €2,441 | €839 | €742 | ▼ 11.6% |
| Suppliers440/4 | €581 | €636 | €2,441 | €839 | €742 | ▼ 11.6% |
| Advances received on contracts in progress46 | - | - | - | - | €3,670 | - |
| Taxes, remuneration and social security45 | €1,500 | - | - | €1,500 | €1,500 | = |
| Remuneration and social security454/9 | €1,500 | - | - | €1,500 | €1,500 | = |
| Other amounts payable47/48 | - | - | €384 | €7,999 | €8,992 | ▲ 12.4% |
| Accrued charges and deferred income492/3 | - | €62 | €61 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €600 | -€1,110 | -€3,983 | €3,912 | -€8,113 | ▼ 307% |
| + Depreciation and write-downs630 | €3,523 | €3,523 | €3,553 | €4,427 | €5,445 | ▲ 23.0% |
| Operating cash flow (approximation) | €4,123 | €2,413 | -€430 | €8,339 | -€2,668 | ▼ 132% |
| Investment in fixed assets (approximation) | - | €0 | -€1,017 | -€10,661 | €0 | ▲ 100% |
| Change in cash | - | -€3,497 | -€3,247 | €4,305 | -€7,709 | ▼ 279% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€8,113
Net result drops to -€8,113, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,912
Net result €3,912 after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Highest result since 2018net €4,907 ▲66%
Operating result €5,944, net result €4,907, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Anderlecht · 1 establishment unit since 2004
Ground area
432 m²
Building footprint
261 m²
Volume, LiDAR
4,177 m³
2 parcels, Brussels · tallest building 24.6 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BAST CONSTRUCT
since 20042.147.565.350
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0269/00E006 | Brussels | 276 m² | 1 · 112 m² | 24.6 m · 8 fl. |
| 21308H0686/00N000 | Brussels | 156 m² | 1 · 148 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,403 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
Founded04-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865100438
Also
9925:BE0865100438
Registered
17-09-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.