be + construct
Annual accounts 2025
abbreviated format, filed on 30-09-2026, 61 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €550,000. Estimated: probably between €440,000 and €810,000.
Balance sheet
balance sheet total €792,364 on 31-12-2025in euro
in euro
Position in the sector
2.3%
Higher than 12% of 2,815 companies in 2025.
1.30
Higher than 38% of 2,744 companies in 2025.
6.4%
Higher than 60% of 2,780 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€43,557
Staff costs divided by the average number of full-time equivalents.
+4 people
In 2025, 5 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
792,364 | 661,823 | 649,288 | 365,125 | 357,152 | 287,818 | 206,994 | 273,846 | |
21/28 |
109,332 | 109,343 | 95,664 | 79,425 | 83,941 | 95,298 | 36,571 | 31,779 | |
22/27 |
109,216 | 109,226 | 95,547 | 77,808 | 82,441 | 93,798 | 36,571 | 31,779 | |
23 |
38,714 | 47,697 | 27,885 | 16,585 | 2,733 | 2,752 | 5,032 | 16,603 | |
24 |
70,460 | 54,490 | 53,598 | 33,315 | 37,957 | 54,612 | 4,262 | 15,176 | |
25 |
42 | 7,040 | 14,064 | 27,908 | 41,751 | - | - | - | |
28 |
117 | 117 | 117 | 1,617 | 1,500 | 1,500 | - | - | |
29/58 |
683,032 | 552,480 | 553,624 | 285,700 | 273,211 | 192,520 | 170,423 | 242,066 | |
3 |
42,000 | 108,000 | 10,000 | - | 12,000 | - | - | 5,000 | |
37 |
42,000 | 108,000 | 10,000 | - | 12,000 | - | - | 5,000 | |
40/41 |
591,510 | 427,408 | 508,668 | 282,548 | 248,003 | 163,251 | 137,072 | 235,237 | |
40 |
497,287 | 328,025 | 437,604 | 217,242 | 231,870 | 152,747 | 134,546 | 226,422 | |
41 |
94,222 | 99,383 | 71,064 | 65,306 | 16,133 | 10,504 | 2,526 | 8,815 | |
54/58 |
48,561 | 16,574 | 34,502 | 2,705 | 11,857 | 28,204 | 32,430 | 1,746 | |
490/1 |
961 | 498 | 454 | 447 | 1,351 | 1,064 | 922 | 83 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
792,364 | 661,823 | 649,288 | 365,125 | 357,152 | 287,818 | 206,994 | 273,846 | |
10/15 |
18,600 | 18,600 | 27,841 | 27,841 | 27,841 | 48,827 | 42,554 | 35,173 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
13 |
- | 0 | 9,241 | 9,241 | 9,241 | 9,241 | 9,241 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
133 |
- | 0 | 9,241 | 7,381 | 7,381 | 7,381 | 7,381 | - | |
14 |
0 | 0 | - | - | - | 20,986 | 14,713 | 14,713 | |
17/49 |
773,764 | 643,223 | 621,447 | 337,284 | 329,311 | 238,991 | 164,440 | 238,672 | |
17 |
245,000 | 245,000 | 9,018 | 32,531 | 57,710 | 68,001 | 23,495 | - | |
170/4 |
245,000 | 245,000 | 9,018 | 32,531 | 57,710 | 68,001 | 23,495 | - | |
42/48 |
523,404 | 395,723 | 609,929 | 302,252 | 270,060 | 169,468 | 139,433 | 237,160 | |
42 |
0 | 9,018 | 23,513 | 25,179 | 24,571 | 20,786 | 5,884 | - | |
44 |
321,026 | 183,965 | 195,213 | 69,881 | 99,144 | 70,101 | 73,529 | 145,817 | |
440/4 |
321,026 | 183,965 | 195,213 | 69,881 | 99,144 | 70,101 | 73,529 | 145,817 | |
46 |
- | 0 | 3,850 | - | - | - | 10,000 | - | |
45 |
39,961 | 33,136 | 44,567 | 22,231 | 8,685 | 3,127 | 6,015 | 10,275 | |
450/3 |
20,789 | 30,863 | 44,219 | 22,153 | 8,685 | 3,127 | 6,015 | 10,218 | |
454/9 |
19,172 | 2,273 | 347 | 78 | - | - | - | 57 | |
47/48 |
162,418 | 169,604 | 342,786 | 184,962 | 137,660 | 75,454 | 44,006 | 81,068 | |
492/3 |
5,360 | 2,500 | 2,500 | 2,500 | 1,541 | 1,522 | 1,511 | 1,512 | |
| Income statement | |||||||||
76A |
16,379 | 0 | 150 | - | 2,651 | - | - | - | |
9900 |
258,276 | 166,645 | 179,959 | 111,789 | 79,720 | 59,893 | 39,664 | 119,383 | |
62 |
113,248 | 17,597 | 8,170 | 3,742 | - | - | - | 1,389 | |
630 |
73,175 | 71,848 | 39,814 | 29,362 | 27,489 | 29,079 | 29,304 | 22,768 | |
631/4 |
0 | 10,609 | 20,000 | 10,000 | -87,500 | 20,000 | -5,275 | 72,775 | |
640/8 |
5,574 | 2,823 | 3,458 | 4,660 | 78,452 | 2,452 | 4,077 | 3,356 | |
66A |
604 | - | - | - | 6,773 | 111 | - | - | |
9901 |
65,676 | 63,767 | 108,517 | 64,024 | 54,505 | 8,251 | 11,558 | 19,095 | |
75/76B |
1,284 | 0 | 165 | - | 3 | 773 | 1,259 | 2,822 | |
75 |
1,284 | 0 | 165 | - | 3 | 773 | 1,259 | 2,822 | |
65/66B |
991 | 2,725 | 2,067 | 2,825 | 3,178 | 2,254 | 3,786 | 7,461 | |
65 |
991 | 2,725 | 2,067 | 2,825 | 3,178 | 2,254 | 3,786 | 7,461 | |
9903 |
65,968 | 61,042 | 106,615 | 61,199 | 51,331 | 6,769 | 9,031 | 14,456 | |
67/77 |
15,165 | 12,911 | 24,233 | 14,106 | 10,054 | 497 | 1,650 | 3,435 | |
9904 |
50,803 | 48,131 | 82,382 | 47,093 | 41,277 | 6,273 | 7,381 | 11,021 | |
9905 |
50,803 | 48,131 | 82,382 | 47,093 | 41,277 | 6,273 | 7,381 | 11,021 | |
| Appropriation of the result | |||||||||
9906 |
50,803 | 48,131 | 82,382 | 47,093 | 62,263 | 20,986 | 22,094 | 18,173 | |
14P |
- | - | - | - | 20,986 | - | - | - | |
791/2 |
0 | 9,241 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 7,381 | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | 7,381 | - | |
694/7 |
50,803 | 57,372 | 82,382 | 47,093 | 62,263 | - | - | 1,600 | |
694 |
50,803 | 57,372 | 82,382 | 46,893 | 62,263 | - | - | 1,600 | |
695 |
- | - | - | 200 | - | - | - | - | |
| Social balance sheet | |||||||||
9087 |
2.6 | 0.3 | 0.6 | - | - | - | - | 0.3 | |
Hours worked1013 |
3,656 | 544 | - | - | - | - | - | 168 | |
| Document | |||||||||
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00533145.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00533145 | |
| 31-12-2024 | full format | 30-09-2025 | 2025-00513154 | |
| 31-12-2023 | full format | 08-10-2024 | 2024-00498908 | |
| 31-12-2022 | micro format | 30-11-2023 | 2023-00518675 | |
| 31-12-2021 | micro format | 08-09-2022 | 2022-20422774 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-74200493 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-42400324 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49100088 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 138,851 | 135,615 | 148,332 | 93,387 | 81,994 | 37,330 | 40,862 | 41,864 | ||
| 123,978 | 119,980 | 122,196 | 76,455 | 68,766 | 35,352 | 36,685 | 33,790 | ||
| 82,368 | 85,527 | 57,554 | 24,846 | 20,395 | 87,917 | 34,096 | 8,097 | ||
| 31,987 | -17,928 | 31,797 | -9,152 | -16,347 | -4,225 | 30,683 | - | ||
| 159,628 | 156,757 | -56,305 | -16,552 | 3,151 | 23,051 | 30,990 | 4,906 | ||
| 2.3% | 2.8% | 4.3% | 7.6% | 7.8% | 17.0% | 20.6% | 12.8% | ||
| 1.30 | 1.40 | 0.91 | 0.95 | 1.01 | 1.14 | 1.22 | 1.02 | ||
| 1.22 | 1.12 | 0.89 | 0.95 | 0.97 | 1.14 | 1.22 | 1.00 | ||
| 41.60 | 34.58 | 22.32 | 12.11 | 11.83 | 4.89 | 3.86 | 6.79 | ||
| 273.1% | 258.8% | 295.9% | 169.1% | 148.3% | 12.8% | 17.3% | 31.3% | ||
| 6.4% | 7.3% | 12.7% | 12.9% | 11.6% | 2.2% | 3.6% | 4.0% | ||
| over 100 | 49.77 | 71.75 | 33.05 | 25.80 | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 5 | 1 |
| full-time | 5 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 5 | 1 |
| 2.6 | 0.3 | |
| On a permanent contract | 3 | 1 |
| Joined | 5 | 1 |
| Left | 1 | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €82,368 | €85,527 | €57,554 | €24,729 | €20,395 |
| Financial fixed assets | €0 | - | - | €117 | - |
| €73,175 | €71,848 | €39,814 | €29,362 | €27,489 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on be + construct
The operating result for 2025 is 3% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 97.2% to 97.7%. Debt is higher.