be + construct
ActiveSummary
be + construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €48k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-7
Solvency28▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 0.91 in 2023; short-term debt: 59.8% and cash: 2.5% of total assets), and 97.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 41
higher
← 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
2.8%
Return on assets
7.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1290 sector peers (2024).
NBB · sector comparisonPosition among 1290 sector peers
Solvency
better than 12%
← 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 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
69 d late
2022
122 d late
2021
39 d late
2020
90 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k▼ 41.6%
2023 · €82k
2018: €11k
2019: €7k
2020: €6k
2021: €41k
2022: €47k
2023: €82k
2018 → 2024
Working capital
€157k
2023 · €-56k
2018: €5k
2019: €31k
2020: €23k
2021: €3k
2022: €-17k
2023: €-56k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€28k▼ 43.0%€28k=€28k=€19k▼ 33.2%
Operating result€8k-€55k▲ 561%€64k▲ 17.5%€109k▲ 69.5%€64k▼ 41.2%
Net result€6k-€41k▲ 558%€47k▲ 14.1%€82k▲ 74.9%€48k▼ 41.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €662k
Fixed assets
€109k ▲ 14.3%
Current assets
€552k ▼ 0.2%
Equity and liabilities €662k
Equity
€19k ▼ 33.2%
Debt
€643k ▲ 3.5%
Debt's share of the balance-sheet total rises from 95.7% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€136k▼
2023 · €148k
Cash flow
€120k▼
2023 · €122k
Current ratio
1.40▲
2023 · 0.91
Quick ratio
1.12▲
2023 · 0.89
Debt to equity
34.58▲
2023 · 22.32
ROE
258.8%▼
2023 · 295.9%
ROA
7.3%▼
2023 · 12.7%
Interest coverage
49.77▼
2023 · 71.75
Debt ≤ 1 year
€396k▼
2023 · €610k
Debt > 1 year
€245k▲
2023 · €9k
Income taxes
€13k▼
2023 · €24k
Staff costs
€18k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€649k€662k▲
Fixed assets21/28€96k€109k▲
Tangible fixed assets22/27€96k€109k▲
Plant, machinery and equipment23€28k€48k▲
Furniture and vehicles24€54k€54k▲
Leasing and similar rights25€14k€7k▼
Financial fixed assets28€117€117=
Current assets29/58€554k€552k▼
Stocks and contracts in progress3€10k€108k▲
Contracts in progress37€10k€108k▲
Amounts receivable within one year40/41€509k€427k▼
Trade receivables40€438k€328k▼
Other amounts receivable41€71k€99k▲
Cash at bank and in hand54/58€35k€17k▼
Deferred charges and accrued income490/1€454€498▲
Equity and liabilities
Total equity and liabilities10/49€649k€662k▲
Equity10/15€28k€19k▼
Contributions10/11€19k€19k=
Reserves13€9k€0▼
Distributable reserves133€9k€0▼
Profit (loss) carried forward14-€0
Amounts payable17/49€621k€643k▲
Amounts payable after more than one year17€9k€245k▲
Financial debts170/4€9k€245k▲
Amounts payable within one year42/48€610k€396k▼
Current portion of amounts payable after more than one year42€24k€9k▼
Trade debts44€195k€184k▼
Suppliers440/4€195k€184k▼
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€45k€33k▼
Taxes450/3€44k€31k▼
Remuneration and social security454/9€347€2k▲
Other amounts payable47/48€343k€170k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Non-recurring operating income76A€150€0▼
Remuneration, social security and pensions62€8k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€72k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€11k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€180k€167k▼
Operating profit (loss)9901€109k€64k▼
Financial income75/76B€165€0▼
Recurring financial income75€165€0▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€107k€61k▼
Income taxes67/77€24k€13k▼
Profit (loss) for the period9904€82k€48k▼
Profit (loss) for the period to be appropriated9905€82k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€48k▼
Transfer from equity791/2-€9k
Profit to be distributed694/7€82k€57k▼
Return on contributions (dividend)694€82k€57k▼
Social balance
Average headcount (FTE)90870.60.3▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €82k ▲74.9%
Operating result €109k, net result €82k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €6k ▼15%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herve · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Village 774650 HerveGround area
3,024 m²
Building footprint
228 m²
Volume, LiDAR
1,415 m³
Parcel 63014A0440/02G000, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
be + construct
since 20172.265.066.202
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0440/02G000 | Wallonia | 3,024 m² | 1 · 228 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
22 categoriesbe + construct SRL44684
Similar companies · same sector, comparable size
WIARD CONSTRUCT
BE 0683.500.206
Estinnes · Eq €18,600
"HTJ ALGEMEEN BOUW" ou en français "HTJ CONSTRUCTION GENERALE"
BE 0695.776.644
Tessenderlo-Ham · Eq €18,600
IMI RENOSOL
BE 0701.966.531
Namur · Eq €18,600
Algemene Bouwwerken Bellens
BE 0711.834.795
Heist-op-den-Berg · Eq €18,600
WINGPRO
BE 0720.840.454
Balen · Eq €18,600
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,361 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.