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Bathy Construct

Active
Private limited companyfounded 20233 yrs activeRue Raphaël(FAL) 21, 5060 Sambreville, BelgiumKBO/BCE: BE 0798.463.220
Summary

The computed 12-month bankruptcy probability of Bathy Construct is 3.0% (moderate). The 2024 annual accounts show equity of €79,127 and a net result of €23,860. Its solvency ranks better than 64% of 36381 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability91▼-9
Solvency84▲+15
Growth52
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.32 against 1.65 in 2023; short-term debt: 41% and cash: 10.9% of total assets), and 41% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
188 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 108 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Bathy Construct was incorporated on 15 February 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€79,127▲ 43.2%
2023 · €55,268
Total assets
€134,067▲ 5.6%
2023 · €126,992
Net result
€23,860▼ 54.4%
2023 · €52,268
Working capital
€72,492▲ 55.3%
2023 · €46,674
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
Line20232024
Operating result€55,137-€36,622▼ 33.6%
Net result€52,268above the sector's middle half-€23,860within the sector's middle half▼ 54.4%
Equity€55,268within the sector's middle half-€79,127within the sector's middle half▲ 43.2%
Total assets€126,992within the sector's middle half-€134,067within the sector's middle half▲ 5.6%
Debt€71,724-€54,940▼ 23.4%
Working capital€46,674within the sector's middle half-€72,492within the sector's middle half▲ 55.3%
Solvency43.5%within the sector's middle half-59.0%within the sector's middle half▲ 15.5pp
Current ratio1.65within the sector's middle half-2.32within the sector's middle half▲ 0.67
Return on assets (ROA)41.2%above the sector's middle half-17.8%above the sector's middle half▼ 23.4pp
Staff (FTE)1-1=
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
€0€20,000€40,000€60,000Operating result 2023: €55,137€55,137Net result 2023: €52,268€52,268Operating result 2024: €36,622€36,622Net result 2024: €23,860€23,86020232024€0€20,000€40,000€60,000Operating result 2023: €55,137€55,100Net result 2023: €52,268€52,300Operating result 2024: €36,622€36,600Net result 2024: €23,860€23,90020232024
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134,067
Fixed assets €6,635 ▼ 22.8%
Current assets €127,432 ▲ 7.6%
Equity and liabilities €134,067
Equity €79,127 ▲ 43.2%
Debt €54,940 ▼ 23.4%
Debt's share of the balance-sheet total falls from 56.5% to 41.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€38,581▼
2023 · €56,336
Cash flow
€25,818▼
2023 · €53,467
Debt to equity
0.69▼
2023 · 1.30
ROE
30.2%▼
2023 · 94.6%
Interest coverage
22.49▲
2023 · 19.63
Debt ≤ 1 year
€54,940▼
2023 · €71,724
Income taxes
€11,048
Staff costs
€59,062▲
2023 · €32,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€126,992€134,067▲
Fixed assets21/28€8,594€6,635▼
Intangible fixed assets21€1,704€1,296▼
Tangible fixed assets22/27€6,890€5,339▼
Plant, machinery and equipment23€6,890€5,339▼
Current assets29/58€118,398€127,432▲
Amounts receivable within one year40/41€96,915€112,863▲
Trade receivables40€16,893€15,310▼
Other amounts receivable41€80,022€97,553▲
Cash at bank and in hand54/58€21,483€14,569▼
Equity and liabilities
Total equity and liabilities10/49€126,992€134,067▲
Equity10/15€55,268€79,127▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€52,268€76,127▲
Amounts payable17/49€71,724€54,940▼
Amounts payable within one year42/48€71,724€54,940▼
Trade debts44€62,568€7,897▼
Suppliers440/4€62,568€7,897▼
Taxes, remuneration and social security45€2,432€22,578▲
Taxes450/3€2,033€8,548▲
Remuneration and social security454/9€399€14,030▲
Other amounts payable47/48€6,724€24,465▲
Income statement Code20232024
Remuneration, social security and pensions62€32,930€59,062▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,199€1,959▲
Other operating charges640/8€1,482€823▼
Gross operating margin9900€90,748€98,465▲
Operating profit (loss)9901€55,137€36,622▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2,869€1,715▼
Recurring financial charges65€2,869€1,715▼
Profit (loss) for the period before taxes9903€52,268€34,907▼
Income taxes67/77-€11,048
Profit (loss) for the period9904€52,268€23,860▼
Profit (loss) for the period to be appropriated9905€52,268€23,860▼
Appropriation of the result
Profit (loss) to be appropriated9906€52,268€76,127▲
Profit (loss) brought forward from the previous period14P-€52,268

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€32,930€59,062▲ 79.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,199€1,959▲ 63.4%
Other operating charges640/8€1,482€823▼ 44.5%
Gross operating margin9900€90,748€98,465▲ 8.5%
Operating profit (loss)9901€55,137€36,622▼ 33.6%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€2,869€1,715▼ 40.2%
Recurring financial charges65€2,869€1,715▼ 40.2%
Profit (loss) for the period before taxes9903€52,268€34,907▼ 33.2%
Income taxes67/77-€11,048-
Profit (loss) for the period9904€52,268€23,860▼ 54.4%
Profit (loss) for the period to be appropriated9905€52,268€23,860▼ 54.4%
Line20232024Change
Assets
Total assets20/58€126,992€134,067▲ 5.6%
Fixed assets21/28€8,594€6,635▼ 22.8%
Intangible fixed assets21€1,704€1,296▼ 24.0%
Tangible fixed assets22/27€6,890€5,339▼ 22.5%
Plant, machinery and equipment23€6,890€5,339▼ 22.5%
Current assets29/58€118,398€127,432▲ 7.6%
Amounts receivable within one year40/41€96,915€112,863▲ 16.5%
Trade receivables40€16,893€15,310▼ 9.4%
Other amounts receivable41€80,022€97,553▲ 21.9%
Cash at bank and in hand54/58€21,483€14,569▼ 32.2%
Equity and liabilities
Total equity and liabilities10/49€126,992€134,067▲ 5.6%
Equity10/15€55,268€79,127▲ 43.2%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€52,268€76,127▲ 45.6%
Amounts payable17/49€71,724€54,940▼ 23.4%
Amounts payable within one year42/48€71,724€54,940▼ 23.4%
Trade debts44€62,568€7,897▼ 87.4%
Suppliers440/4€62,568€7,897▼ 87.4%
Taxes, remuneration and social security45€2,432€22,578▲ 828%
Taxes450/3€2,033€8,548▲ 320%
Remuneration and social security454/9€399€14,030▲ 3,414%
Other amounts payable47/48€6,724€24,465▲ 264%
Line20232024Change
Profit (loss) for the period9904€52,268€23,860▼ 54.4%
+ Depreciation and write-downs630€1,199€1,959▲ 63.4%
Operating cash flow (approximation)€53,467€25,818▼ 51.7%
Investment in fixed assets (approximation)-€0-
Change in cash--€6,914-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
17-06
State Gazette act Resignation: FIVET Eric (director)
2 facts ▸
  • General meeting, 20-03-2026
  • Director resignation, FIVET Eric (director)
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
04-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 188 days late
State Gazette actNBB filing
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sambreville · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,518 m²
Building footprint
275 m²
Volume, LiDAR
1,042 m³
Parcel 92041B0262/00B002, Wallonia · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bathy Construct
Rue Raphaël(FAL) 21, 5060 SambrevilleBricklaying and masonry work
since 20232.342.538.419
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92041B0262/00B002 Wallonia 1,518 m² 1 · 275 m² 4.2 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.

Mandate history

1 person since 2025, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
FIVET Eric
  • Director, until 20-03-2025
See the board, name and seat on a given date →

Similar companies · same sector, comparable size

Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 4,801 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
Founded15-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798463220
Registered 19-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.