BD CONCEPTION
ActiveSummary
The computed 12-month bankruptcy probability of BD CONCEPTION is 8.0% (elevated). The 2025 annual accounts show equity of €6,127 and a net result of €15,865. Equity is shrinking by ~27.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 16% of 7564 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency32▼-6
Growth58▲+26
Track record78
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12 against 1.04 in 2024; short-term debt: 67% and cash: 3.2% of total assets), and 93.4% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.6%
Return on assets
17.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7564 sector peers (2025).
NBB · sector comparisonPosition among 7564 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 4 filingsDeviation from the deadline
2025
19 d late
2024
28 d early
2023
24 d late
2022
169 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout stopped
Checked, nothing found (1)
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
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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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€6,127▼ 40.3%
2024 · €10,262
Total assets
€92,251▲ 15.0%
2024 · €80,194
Net result
€15,865
2024 · -€33,115
Working capital
€7,725▲ 278%
2024 · €2,042
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
Line2022202320242025
Operating result€9,660-€51,622▲ 434%-€30,271€22,572
Net result€7,245within the sector's middle half-€41,132above the sector's middle half▲ 468%-€33,115below the sector's middle half€15,865within the sector's middle half
Equity€12,245below the sector's middle half-€43,377within the sector's middle half▲ 254%€10,262below the sector's middle half▼ 76.3%€6,127below the sector's middle half▼ 40.3%
Total assets€22,056below the sector's middle half-€61,176within the sector's middle half▲ 177%€80,194within the sector's middle half▲ 31.1%€92,251within the sector's middle half▲ 15.0%
Debt€9,810-€17,799▲ 81.4%€69,932▲ 293%€86,124▲ 23.2%
Working capital€12,245-€32,869▲ 168%€2,042▼ 93.8%€7,725▲ 278%
Solvency55.5%within the sector's middle half-70.9%above the sector's middle half▲ 15.4pp12.8%below the sector's middle half▼ 58.1pp6.6%below the sector's middle half▼ 6.2pp
Staff (FTE)0.3
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22,572 after a loss of €30,271 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,251
Fixed assets
€22,721 ▼ 21.2%
Current assets
€69,529 ▲ 35.4%
Equity and liabilities €92,251
Equity
€6,127 ▼ 40.3%
Debt
€86,124 ▲ 23.2%
Debt's share of the balance-sheet total rises from 87.2% to 93.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,692▲
2024 · -€27,000
Cash flow
€21,985▲
2024 · -€29,844
Current ratio
1.12▲
2024 · 1.04
Quick ratio
1.12▲
2024 · 0.56
Debt to equity
14.06▲
2024 · 6.81
ROE
258.9%▲
2024 · -322.7%
ROA
17.2%▲
2024 · -41.3%
Interest coverage
4.39▲
2024 · -9.80
Debt ≤ 1 year
€61,805▲
2024 · €49,310
Debt > 1 year
€22,027▲
2024 · €20,622
Income taxes
€165▲
2024 · €106
Staff costs
€11,830
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 8.0% 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 497,058 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 2,155 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €343 | - |
| Remuneration, social security and pensions62 | - | - | - | €11,830 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €492 | €3,271 | €6,121 | ▲ 87.1% |
| Other operating charges640/8 | - | €100 | €13,414 | €1,695 | ▼ 87.4% |
| Non-recurring operating charges66A | - | - | - | €480 | - |
| Gross operating margin9900 | €9,660 | €52,214 | -€13,586 | €42,697 | ▲ 414% |
| Operating profit (loss)9901 | €9,660 | €51,622 | -€30,271 | €22,572 | ▲ 175% |
| Financial income75/76B | - | €1 | €18 | €1 | ▼ 94.6% |
| Recurring financial income75 | - | €1 | €18 | €1 | ▼ 94.6% |
| Financial charges65/66B | - | €163 | €2,756 | €6,543 | ▲ 137% |
| Recurring financial charges65 | - | €163 | €2,756 | €6,543 | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €9,660 | €51,460 | -€33,010 | €16,030 | ▲ 149% |
| Income taxes67/77 | €2,415 | €10,328 | €106 | €165 | ▲ 56.2% |
| Profit (loss) for the period9904 | €7,245 | €41,132 | -€33,115 | €15,865 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €7,245 | €41,132 | -€33,115 | €15,865 | ▲ 148% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22,056 | €61,176 | €80,194 | €92,251 | ▲ 15.0% |
| Fixed assets21/28 | - | €10,508 | €28,842 | €22,721 | ▼ 21.2% |
| Tangible fixed assets22/27 | - | €10,508 | €26,542 | €20,421 | ▼ 23.1% |
| Furniture and vehicles24 | - | €10,508 | €792 | €397 | ▼ 49.9% |
| Leasing and similar rights25 | - | - | €25,750 | €20,024 | ▼ 22.2% |
| Financial fixed assets28 | - | €0 | €2,300 | €2,300 | = |
| Current assets29/58 | €22,056 | €50,668 | €51,352 | €69,529 | ▲ 35.4% |
| Stocks and contracts in progress3 | - | - | €23,500 | €500 | ▼ 97.9% |
| Stocks30/36 | - | - | €23,500 | €500 | ▼ 97.9% |
| Amounts receivable within one year40/41 | €15,518 | €20,724 | €19,000 | €65,552 | ▲ 245% |
| Trade receivables40 | €8,285 | €20,525 | €3,971 | €20,651 | ▲ 420% |
| Other amounts receivable41 | €7,233 | €199 | €15,029 | €44,901 | ▲ 199% |
| Cash at bank and in hand54/58 | €6,538 | €29,944 | €5,732 | €2,924 | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | - | €3,120 | €554 | ▼ 82.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22,056 | €61,176 | €80,194 | €92,251 | ▲ 15.0% |
| Equity10/15 | €12,245 | €43,377 | €10,262 | €6,127 | ▼ 40.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €7,245 | €38,377 | €5,262 | €1,127 | ▼ 78.6% |
| Amounts payable17/49 | €9,810 | €17,799 | €69,932 | €86,124 | ▲ 23.2% |
| Amounts payable after more than one year17 | - | - | €20,622 | €22,027 | ▲ 6.8% |
| Financial debts170/4 | - | - | €20,622 | €22,027 | ▲ 6.8% |
| Amounts payable within one year42/48 | €9,810 | €17,799 | €49,310 | €61,805 | ▲ 25.3% |
| Current portion of amounts payable after more than one year42 | - | - | €5,390 | €11,495 | ▲ 113% |
| Financial debts43 | - | - | €15,416 | €14,016 | ▼ 9.1% |
| Credit institutions430/8 | - | - | €15,416 | €14,016 | ▼ 9.1% |
| Trade debts44 | €800 | €1,021 | €14,543 | €16,287 | ▲ 12.0% |
| Suppliers440/4 | €800 | €1,021 | €14,543 | €16,287 | ▲ 12.0% |
| Taxes, remuneration and social security45 | €2,415 | €15,743 | €13,961 | €3,606 | ▼ 74.2% |
| Taxes450/3 | €2,415 | €15,743 | €13,961 | €3,606 | ▼ 74.2% |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €6,595 | €1,035 | €0 | €16,400 | - |
| Accrued charges and deferred income492/3 | - | - | €0 | €2,293 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,245 | €41,132 | -€33,115 | €15,865 | ▲ 148% |
| + Depreciation and write-downs630 | - | €492 | €3,271 | €6,121 | ▲ 87.1% |
| Operating cash flow (approximation) | €7,245 | €41,624 | -€29,844 | €21,985 | ▲ 174% |
| Investment in fixed assets (approximation) | - | - | -€21,605 | €0 | ▲ 100% |
| Change in cash | - | €23,406 | -€24,212 | -€2,808 | ▲ 88.4% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
29-04
KBO administration
Address strikeout stopped
event 29-03-2026
13-04
KBO administration
Address struck
event 29-03-2026
2025
31-12
Financial
Back to profitnet €15,865
Net result €15,865 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€33,115
Net result drops to -€33,115, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 169 days late
2023
31-12
Financial
Highest result since 2022net €41,132 ▲468%
Operating result €51,622, net result €41,132, both a record.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Grimbergen · 2 establishment units since 2022
Ground area
4,431 m²
Building footprint
296 m²
Volume, LiDAR
3,541 m³
3 parcels, Flanders, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
81
companies at this address
See who is registered here
2 establishment units
BD CONCEPTION
since 20222.332.203.266
BD conception srl
since 20242.360.149.065
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62007B1029/00A000 | Wallonia | 3,168 m² | - | - |
| 23084A0514/00N002 | Flanders | 901 m² | 1 · 246 m² | 15.9 m · 4 fl. |
| 62083C0531/00F000 | Wallonia | 362 m² | 1 · 49 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 7,278 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
Founded20-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0786424530
Also
9925:BE0786424530
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.