BE O4
ActiveSummary
The computed 12-month bankruptcy probability of BE O4 is 3.4% (moderate). The 2025 annual accounts show equity of €15,039 and a net result of €11,995. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 7564 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency59▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.06 in 2024; short-term debt: 66% and cash: 24.1% of total assets), and 66% of the assets are financed with debt.
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Signals
Four 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 · 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 →
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 26-01-2026, 5 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
5 d early
2024
on the day
2023
on the day
2022
127 d late
2021
10 d late
2020
37 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 28 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 (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 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,039▲ 394%
2024 · €3,043
Total assets
€44,201▲ 31.7%
2024 · €33,550
Net result
€11,995▼ 20.8%
2024 · €15,137
Working capital
€14,398▲ 730%
2024 · €1,734
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
Line20212022202320242025
Operating result-€1,712-€4,807▼ 181%-€4,079▲ 15.2%€20,572€18,510▼ 10.0%
Net result-€2,062below the sector's middle half▼ 1,398%-€5,021below the sector's middle half▼ 143%-€4,874below the sector's middle half▲ 2.9%€15,137within the sector's middle half€11,995within the sector's middle half▼ 20.8%
Equity-€2,199below the sector's middle half▼ 1,509%-€7,220below the sector's middle half▼ 228%-€12,094below the sector's middle half▼ 67.5%€3,043below the sector's middle half€15,039within the sector's middle half▲ 394%
Total assets€30,234below the sector's middle half▲ 159%€22,606below the sector's middle half▼ 25.2%€27,740below the sector's middle half▲ 22.7%€33,550below the sector's middle half▲ 20.9%€44,201below the sector's middle half▲ 31.7%
Debt€32,434▲ 175%€29,826▼ 8.0%€39,833▲ 33.6%€30,507▼ 23.4%€29,163▼ 4.4%
Working capital-€5,552▲ 18.1%-€9,163▼ 65.1%-€13,663▼ 49.1%€1,734€14,398▲ 730%
Solvency-7.3%below the sector's middle half▼ 6.1pp-31.9%below the sector's middle half▼ 24.7pp-43.6%below the sector's middle half▼ 11.7pp9.1%below the sector's middle half▲ 52.7pp34.0%within the sector's middle half▲ 25.0pp
Staff (FTE)11=1=1=1=
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 falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,201
Fixed assets
€641 ▼ 51.1%
Current assets
€43,561 ▲ 35.1%
Equity and liabilities €44,201
Equity
€15,039 ▲ 394%
Debt
€29,163 ▼ 4.4%
Debt's share of the balance-sheet total falls from 90.9% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,304▼
2024 · €21,283
Cash flow
€12,789▼
2024 · €15,848
Current ratio
1.49▲
2024 · 1.06
Quick ratio
1.42▲
2024 · 1.03
Debt to equity
1.94▼
2024 · 10.02
ROE
79.8%▼
2024 · 497.4%
ROA
27.1%▼
2024 · 45.1%
Interest coverage
41.52▼
2024 · 54.03
Debt ≤ 1 year
€29,163▼
2024 · €30,507
Income taxes
€6,050▲
2024 · €5,268
Staff costs
€42,449▲
2024 · €41,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37,008 | €39,851 | €41,293 | €42,449 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,210 | €3,626 | €862 | €711 | €794 | ▲ 11.6% |
| Other operating charges640/8 | - | €991 | €348 | €348 | €30 | ▼ 91.4% |
| Gross operating margin9900 | €34,103 | €36,817 | €36,981 | €62,923 | €61,782 | ▼ 1.8% |
| Operating profit (loss)9901 | -€1,712 | -€4,807 | -€4,079 | €20,572 | €18,510 | ▼ 10.0% |
| Financial income75/76B | - | €0 | - | €227 | €1 | ▼ 99.7% |
| Recurring financial income75 | €1 | €0 | - | €227 | €1 | ▼ 99.7% |
| Financial charges65/66B | - | €214 | €301 | €394 | €465 | ▲ 18.0% |
| Recurring financial charges65 | €128 | €214 | €301 | €394 | €465 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | -€1,840 | -€5,021 | -€4,380 | €20,405 | €18,046 | ▼ 11.6% |
| Income taxes67/77 | €223 | - | €494 | €5,268 | €6,050 | ▲ 14.8% |
| Profit (loss) for the period9904 | -€2,062 | -€5,021 | -€4,874 | €15,137 | €11,995 | ▼ 20.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,062 | -€5,021 | -€4,874 | €15,137 | €11,995 | ▼ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,234 | €22,606 | €27,740 | €33,550 | €44,201 | ▲ 31.7% |
| Fixed assets21/28 | €3,435 | €1,944 | €1,570 | €1,309 | €641 | ▼ 51.1% |
| Tangible fixed assets22/27 | €3,210 | €1,719 | €1,345 | €1,084 | €416 | ▼ 61.7% |
| Plant, machinery and equipment23 | - | €1,242 | €1,027 | €575 | €215 | ▼ 62.5% |
| Furniture and vehicles24 | - | €477 | €318 | €509 | €200 | ▼ 60.7% |
| Financial fixed assets28 | €225 | €225 | €225 | €225 | €225 | = |
| Current assets29/58 | €26,800 | €20,662 | €26,170 | €32,241 | €43,561 | ▲ 35.1% |
| Stocks and contracts in progress3 | €1,000 | €1,000 | €1,128 | €928 | €2,059 | ▲ 122% |
| Stocks30/36 | - | €1,000 | €1,128 | €928 | €2,059 | ▲ 122% |
| Amounts receivable within one year40/41 | €5,698 | €12,546 | €20,628 | €23,078 | €28,502 | ▲ 23.5% |
| Trade receivables40 | - | €12,414 | €18,454 | €15,957 | €9,893 | ▼ 38.0% |
| Other amounts receivable41 | - | €133 | €2,173 | €7,121 | €18,608 | ▲ 161% |
| Cash at bank and in hand54/58 | €18,389 | €5,281 | €2,946 | €7,110 | €10,641 | ▲ 49.7% |
| Deferred charges and accrued income490/1 | - | €1,834 | €1,468 | €1,125 | €2,359 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,234 | €22,606 | €27,740 | €33,550 | €44,201 | ▲ 31.7% |
| Equity10/15 | -€2,199 | -€7,220 | -€12,094 | €3,043 | €15,039 | ▲ 394% |
| Contributions10/11 | - | €1 | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | -€2,200 | -€7,221 | -€12,095 | €3,042 | €15,038 | ▲ 394% |
| Amounts payable17/49 | €32,434 | €29,826 | €39,833 | €30,507 | €29,163 | ▼ 4.4% |
| Amounts payable within one year42/48 | €32,352 | €29,826 | €39,833 | €30,507 | €29,163 | ▼ 4.4% |
| Trade debts44 | €10,986 | €13,678 | €25,628 | €20,256 | €7,266 | ▼ 64.1% |
| Suppliers440/4 | - | €13,678 | €25,628 | €20,256 | €7,266 | ▼ 64.1% |
| Taxes, remuneration and social security45 | - | €7,147 | €7,599 | €10,251 | €21,896 | ▲ 114% |
| Taxes450/3 | - | €970 | €218 | €6,577 | €6,967 | ▲ 5.9% |
| Remuneration and social security454/9 | - | €6,177 | €7,381 | €3,674 | €14,930 | ▲ 306% |
| Other amounts payable47/48 | - | €9,001 | €6,607 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,062 | -€5,021 | -€4,874 | €15,137 | €11,995 | ▼ 20.8% |
| + Depreciation and write-downs630 | €3,210 | €3,626 | €862 | €711 | €794 | ▲ 11.6% |
| Operating cash flow (approximation) | €1,147 | -€1,395 | -€4,012 | €15,848 | €12,789 | ▼ 19.3% |
| Investment in fixed assets (approximation) | - | -€2,135 | -€488 | -€451 | -€125 | ▲ 72.2% |
| Change in cash | - | -€13,108 | -€2,336 | €4,164 | €3,531 | ▼ 15.2% |
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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €15,137
Net result €15,137 after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
30-06
Financial
Weakest financial yearnet -€5,021
Net result drops to -€5,021, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
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, Watermaal-Bosvoorde · 1 establishment unit since 2019
Ground area
4,415 m²
Building footprint
2,124 m²
Volume, LiDAR
45,158 m³
Parcel 21652E0035/00R005, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
231
companies at this address
See who is registered here
1 establishment unit
BE O4
since 20192.291.136.040
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 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.
Similar companies · same sector, comparable size
EYUP OZDIL
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Zaventem · Eq €15,055
OLIMP CONSTRUCT
BE 0782.929.758
Aalst · Eq €15,057
POUPIER MICHAEL
BE 0644.546.291
Sprimont · Eq €15,066
Construct By F&F
BE 0795.807.103
Elsene · Eq €15,069
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 10,713 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
Founded24-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728792276
Also
9925:BE0728792276
Registered
19-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.