BATINOV CONSTRUCT
ActiveSummary
BATINOV CONSTRUCT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,156 and a net result of -€3,757. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 14% of 1295 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+1
Solvency31=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.02 in 2023; short-term debt: 92.1% and cash: 19.6% of total assets), and 93.9% of the assets are financed with debt.
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Signals
Seven 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-0.8%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,757
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1295 sector peers (2024).
NBB · sector comparisonPosition among 1295 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
61 d late
2022
36 d late
2021
21 d late
2020
634 d late
2019
174 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 164 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,757▲ 53.3%
2023 · -€8,045
Working capital
€11,897▲ 3.0%
2023 · €11,548
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€3,331▼ 74.4%€7,937▲ 138%-€33-€3,292▼ 9,879%-€2,832▲ 14.0%
Net result€1,924within the sector's middle half▼ 54.0%€2,269within the sector's middle half▲ 17.9%-€281below the sector's middle half-€8,045below the sector's middle half▼ 2,764%-€3,757below the sector's middle half▲ 53.3%
Equity€38,969below the sector's middle half▲ 5.2%€41,239below the sector's middle half▲ 5.8%€40,958below the sector's middle half▼ 0.7%€32,913below the sector's middle half▼ 19.6%€29,156below the sector's middle half▼ 11.4%
Total assets€341,959within the sector's middle half▼ 45.2%€569,792within the sector's middle half▲ 66.6%€532,471within the sector's middle half▼ 6.6%€553,313within the sector's middle half▲ 3.9%€479,315within the sector's middle half▼ 13.4%
Debt€302,990▼ 48.4%€528,554▲ 74.4%€491,513▼ 7.0%€520,400▲ 5.9%€450,159▼ 13.5%
Working capital€31,372within the sector's middle half▼ 20.2%€24,335within the sector's middle half▼ 22.4%€23,070within the sector's middle half▼ 5.2%€11,548within the sector's middle half▼ 49.9%€11,897within the sector's middle half▲ 3.0%
Solvency11.4%below the sector's middle half▲ 5.5pp7.2%below the sector's middle half▼ 4.2pp7.7%below the sector's middle half▲ 0.5pp5.9%below the sector's middle half▼ 1.7pp6.1%below the sector's middle half▲ 0.1pp
Current ratio1.10within the sector's middle half▲ 0.041.05below the sector's middle half▼ 0.061.05below the sector's middle half=1.02below the sector's middle half▼ 0.031.03below the sector's middle half=
Return on assets (ROA)0.6%within the sector's middle half▼ 0.1pp0.4%within the sector's middle half▼ 0.2pp-0.1%below the sector's middle half▼ 0.5pp-1.5%below the sector's middle half▼ 1.4pp-0.8%below the sector's middle half▲ 0.7pp
Staff (FTE)2below the sector's middle half2below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,832 in 2024 against €3,292 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €479,315
Fixed assets
€25,848 ▲ 11.5%
Current assets
€453,466 ▼ 14.5%
Equity and liabilities €479,315
Equity
€29,156 ▼ 11.4%
Debt
€450,159 ▼ 13.5%
Debt's share of the balance-sheet total falls from 94.1% to 93.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,485▲
2023 · €7,972
Cash flow
€12,560▲
2023 · €3,219
Quick ratio
0.36▼
2023 · 0.74
Debt to equity
15.44▼
2023 · 15.81
ROE
-12.9%▲
2023 · -24.4%
Interest coverage
16.40▼
2023 · 58.57
Debt ≤ 1 year
€441,569▼
2023 · €518,584
Debt > 1 year
€7,089▲
2023 · €1,816
Income taxes
€103▼
2023 · €4,616
Staff costs
€99,382▲
2023 · €37,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 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% | 1.7% |
| 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 75% 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 1,037 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22,832 | €47,618 | €30,993 | €37,495 | €99,382 | ▲ 165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,850 | €7,250 | €12,568 | €11,264 | €16,317 | ▲ 44.9% |
| Other operating charges640/8 | €1,491 | €1,638 | €14,562 | €3,255 | €1,340 | ▼ 58.8% |
| Gross operating margin9900 | €33,504 | €64,444 | €58,090 | €48,722 | €114,207 | ▲ 134% |
| Operating profit (loss)9901 | €3,331 | €7,937 | -€33 | -€3,292 | -€2,832 | ▲ 14.0% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | €298 | €5,668 | €248 | €136 | €822 | ▲ 504% |
| Recurring financial charges65 | €298 | €5,668 | €248 | €136 | €822 | ▲ 504% |
| Profit (loss) for the period before taxes9903 | €3,033 | €2,269 | -€281 | -€3,428 | -€3,654 | ▼ 6.6% |
| Income taxes67/77 | €1,109 | - | - | €4,616 | €103 | ▼ 97.8% |
| Profit (loss) for the period9904 | €1,924 | €2,269 | -€281 | -€8,045 | -€3,757 | ▲ 53.3% |
| Profit (loss) for the period to be appropriated9905 | €1,924 | €2,269 | -€281 | -€8,045 | -€3,757 | ▲ 53.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €341,959 | €569,792 | €532,471 | €553,313 | €479,315 | ▼ 13.4% |
| Fixed assets21/28 | €9,207 | €24,720 | €22,704 | €23,181 | €25,848 | ▲ 11.5% |
| Tangible fixed assets22/27 | €8,795 | €24,308 | €22,292 | €22,769 | €25,436 | ▲ 11.7% |
| Plant, machinery and equipment23 | €834 | €5,599 | €10,899 | €7,739 | €5,753 | ▼ 25.7% |
| Furniture and vehicles24 | €7,961 | €18,709 | €11,392 | €15,030 | €19,683 | ▲ 31.0% |
| Financial fixed assets28 | €412 | €412 | €412 | €412 | €412 | = |
| Current assets29/58 | €332,752 | €545,073 | €509,767 | €530,132 | €453,466 | ▼ 14.5% |
| Stocks and contracts in progress3 | - | €65,000 | €5,500 | €145,600 | €294,290 | ▲ 102% |
| Stocks30/36 | - | €65,000 | €5,500 | €145,600 | €294,290 | ▲ 102% |
| Amounts receivable within one year40/41 | €283,420 | €477,831 | €468,202 | €355,571 | €63,866 | ▼ 82.0% |
| Trade receivables40 | €274,640 | €477,831 | €292,570 | €304,420 | €4,020 | ▼ 98.7% |
| Other amounts receivable41 | €8,780 | - | €175,632 | €51,151 | €59,847 | ▲ 17.0% |
| Cash at bank and in hand54/58 | €49,332 | €472 | €35,012 | €27,492 | €93,831 | ▲ 241% |
| Deferred charges and accrued income490/1 | - | €1,769 | €1,053 | €1,469 | €1,479 | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €341,959 | €569,792 | €532,471 | €553,313 | €479,315 | ▼ 13.4% |
| Equity10/15 | €38,969 | €41,239 | €40,958 | €32,913 | €29,156 | ▼ 11.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Reserves13 | €5,632 | €5,632 | €5,632 | €5,632 | €5,632 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €3,772 | €3,772 | €3,772 | €5,632 | €5,632 | = |
| Profit (loss) carried forward14 | €14,737 | €17,007 | €16,726 | €8,681 | €4,924 | ▼ 43.3% |
| Amounts payable17/49 | €302,990 | €528,554 | €491,513 | €520,400 | €450,159 | ▼ 13.5% |
| Amounts payable after more than one year17 | €1,610 | €7,816 | €4,816 | €1,816 | €7,089 | ▲ 290% |
| Financial debts170/4 | €1,610 | €7,816 | €4,816 | €1,816 | €7,089 | ▲ 290% |
| Amounts payable within one year42/48 | €301,380 | €520,738 | €486,697 | €518,584 | €441,569 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €6,479 | €4,568 | €3,000 | €2,983 | €5,019 | ▲ 68.3% |
| Trade debts44 | €50,441 | €15,515 | €54 | €1,158 | €11,863 | ▲ 924% |
| Suppliers440/4 | €50,441 | €15,515 | €54 | €1,158 | €11,863 | ▲ 924% |
| Taxes, remuneration and social security45 | €55,717 | €2,614 | €4,544 | €7,379 | €12,136 | ▲ 64.5% |
| Taxes450/3 | €54,740 | €2,614 | €2,068 | €1,481 | €1,238 | ▼ 16.4% |
| Remuneration and social security454/9 | €977 | - | €2,475 | €5,898 | €10,898 | ▲ 84.8% |
| Other amounts payable47/48 | €188,743 | €498,042 | €479,100 | €507,064 | €412,551 | ▼ 18.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,500 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,924 | €2,269 | -€281 | -€8,045 | -€3,757 | ▲ 53.3% |
| + Depreciation and write-downs630 | €5,850 | €7,250 | €12,568 | €11,264 | €16,317 | ▲ 44.9% |
| Operating cash flow (approximation) | €7,774 | €9,519 | €12,287 | €3,219 | €12,560 | ▲ 290% |
| Investment in fixed assets (approximation) | - | -€22,763 | -€10,552 | -€11,741 | -€18,984 | ▼ 61.7% |
| Change in cash | - | -€48,860 | €34,539 | -€7,520 | €66,339 | ▲ 982% |
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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 59 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€8,045
Net result drops to -€8,045, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 36 days late
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 634 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 174 days late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 181 days late
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 196 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Quaregnon · 1 establishment unit since 2012
Ground area
1.4 ha
Building footprint
4,269 m²
Volume, LiDAR
26,556 m³
Parcel 53065A0467/00K005, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BATINOV CONSTRUCT
since 20122.212.284.443
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065A0467/00K005 | Wallonia | 1.4 ha | 1 · 4,269 m² | 8.5 m · 2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,403 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
Founded27-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43230Insulation installation
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845574734
Also
9925:BE0845574734
Registered
06-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.