BD Construct
ActiveSummary
The computed 12-month bankruptcy probability of BD Construct is 3.5% (moderate). The 2025 annual accounts show negative equity (-€48,167) and a net result of -€13,381. Equity is shrinking by ~50% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+15
Solvency4▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.05 in 2024; short-term debt: 63.7% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five 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 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
-21.2%
Return on assets
-5.9%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€48,167
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
16 d early
2024
72 d early
2023
on the day
2022
8 d late
2021
on the day
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€48,167▼ 38.5%
2024 · -€34,786
Total assets
€227,345▼ 8.1%
2024 · €247,262
Net result
-€13,381▲ 52.2%
2024 · -€28,010
Working capital
-€143,364▼ 5.1%
2024 · -€136,366
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
Line20212022202320242025
Operating result-€2,365€30,292-€40,898-€16,547▲ 59.5%-€6,311▲ 61.9%
Net result-€11,692€22,727-€47,108-€28,010▲ 40.5%-€13,381▲ 52.2%
Equity€17,606▼ 39.9%€40,332▲ 129%-€6,776-€34,786▼ 413%-€48,167▼ 38.5%
Total assets€422,965▼ 26.2%€275,448▼ 34.9%€237,151▼ 13.9%€247,262▲ 4.3%€227,345▼ 8.1%
Debt€405,360▼ 25.4%€235,116▼ 42.0%€243,927▲ 3.7%€282,047▲ 15.6%€275,512▼ 2.3%
Working capital€17,606▼ 39.9%€40,332▲ 129%-€239,461-€136,366▲ 43.1%-€143,364▼ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,311 in 2025 against €16,547 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,345
Fixed assets
€225,863 ▼ 5.8%
Current assets
€1,483 ▼ 80.2%
Key figures and ratios
EBITDA
€7,618▲
2024 · -€2,018
Cash flow
€548▲
2024 · -€13,481
Solvency
-21.2%▼
2024 · -14.1%
Current ratio
0.01▼
2024 · 0.05
Debt to equity
-5.72▲
2024 · -8.11
ROA
-5.9%▲
2024 · -11.3%
Interest coverage
1.08▲
2024 · -0.17
Debt ≤ 1 year
€144,847▲
2024 · €143,836
Debt > 1 year
€130,666▼
2024 · €138,212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% 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 1,570 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 | €0 | - | €33,044 | €14,529 | €13,930 | ▼ 4.1% |
| Other operating charges640/8 | - | €459 | €1,546 | €1,691 | €1,753 | ▲ 3.7% |
| Gross operating margin9900 | -€1,908 | €30,750 | -€6,307 | -€327 | €9,371 | ▲ 2,967% |
| Operating profit (loss)9901 | -€2,365 | €30,292 | -€40,898 | -€16,547 | -€6,311 | ▲ 61.9% |
| Financial income75/76B | - | €979 | €18 | €298 | - | - |
| Recurring financial income75 | €0 | €979 | €18 | €298 | - | - |
| Financial charges65/66B | - | €5,788 | €6,229 | €11,761 | €7,070 | ▼ 39.9% |
| Recurring financial charges65 | €9,327 | €5,788 | €6,229 | €11,761 | €7,070 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | -€11,692 | €25,483 | -€47,108 | -€28,010 | -€13,381 | ▲ 52.2% |
| Income taxes67/77 | €0 | €2,756 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€11,692 | €22,727 | -€47,108 | -€28,010 | -€13,381 | ▲ 52.2% |
| Profit (loss) for the period to be appropriated9905 | -€11,692 | €22,727 | -€47,108 | -€28,010 | -€13,381 | ▲ 52.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422,965 | €275,448 | €237,151 | €247,262 | €227,345 | ▼ 8.1% |
| Fixed assets21/28 | - | - | €232,685 | €239,792 | €225,863 | ▼ 5.8% |
| Tangible fixed assets22/27 | - | - | €232,685 | €239,792 | €225,863 | ▼ 5.8% |
| Land and buildings22 | - | - | €232,685 | €239,792 | €225,863 | ▼ 5.8% |
| Current assets29/58 | €422,965 | €275,448 | €4,466 | €7,470 | €1,483 | ▼ 80.2% |
| Stocks and contracts in progress3 | €402,664 | €258,181 | €0 | - | - | - |
| Stocks30/36 | - | €258,181 | €0 | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €5,123 | - | - |
| Trade receivables40 | - | - | - | €5,123 | - | - |
| Cash at bank and in hand54/58 | €20,301 | €17,267 | €3,935 | €2,095 | €911 | ▼ 56.5% |
| Deferred charges and accrued income490/1 | - | - | €531 | €252 | €572 | ▲ 127% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422,965 | €275,448 | €237,151 | €247,262 | €227,345 | ▼ 8.1% |
| Equity10/15 | €17,606 | €40,332 | -€6,776 | -€34,786 | -€48,167 | ▼ 38.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €9,297 | €20,332 | €0 | - | - | - |
| Distributable reserves133 | - | €20,332 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€11,692 | €0 | -€26,776 | -€54,786 | -€68,167 | ▼ 24.4% |
| Amounts payable17/49 | €405,360 | €235,116 | €243,927 | €282,047 | €275,512 | ▼ 2.3% |
| Amounts payable after more than one year17 | - | - | - | €138,212 | €130,666 | ▼ 5.5% |
| Financial debts170/4 | - | - | - | €138,212 | €130,666 | ▼ 5.5% |
| Amounts payable within one year42/48 | €405,360 | €235,116 | €243,927 | €143,836 | €144,847 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,187 | €7,546 | ▲ 5.0% |
| Financial debts43 | - | €126,675 | €126,150 | €0 | - | - |
| Credit institutions430/8 | - | €126,675 | €126,150 | €0 | - | - |
| Trade debts44 | €8,320 | €429 | €3,576 | €4,797 | €49 | ▼ 99.0% |
| Suppliers440/4 | - | €429 | €3,576 | €4,797 | €49 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €2,756 | €0 | - | - | - |
| Taxes450/3 | - | €2,756 | €0 | - | - | - |
| Other amounts payable47/48 | - | €105,255 | €114,201 | €131,851 | €137,251 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,692 | €22,727 | -€47,108 | -€28,010 | -€13,381 | ▲ 52.2% |
| + Depreciation and write-downs630 | €0 | - | €33,044 | €14,529 | €13,930 | ▼ 4.1% |
| Operating cash flow (approximation) | -€11,692 | €22,727 | -€14,064 | -€13,481 | €548 | ▲ 104% |
| Investment in fixed assets (approximation) | - | - | - | -€21,636 | €0 | ▲ 100% |
| Change in cash | - | -€3,034 | -€13,332 | -€1,840 | -€1,184 | ▲ 35.7% |
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
Next filing, fiscal year 2026, expected by
2026
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€47,108
Net result drops to -€47,108, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
30-06
Financial
Back to profitnet €22,727
Net result €22,727 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waregem · 1 establishment unit since 2018
Ground area
1,166 m²
Building footprint
294 m²
Volume, LiDAR
1,354 m³
Parcel 34035A0164/00Z005, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BD Construct
since 20182.283.438.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0164/00Z005 | Flanders | 1,166 m² | 1 · 294 m² | 8.9 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2018
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716793772
Also
9925:BE0716793772
Registered
30-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.