BEEUWSAERT CONSTRUCT
ActiveSummary
BEEUWSAERT CONSTRUCT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.95M and a net result of €5.07M. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency54▲+7
Growth71▼-2
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.17 in 2024; short-term debt: 63.9% and cash: 16.3% of total assets), and 71.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
28.6%
Return on assets
16.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
99 d early
2023
77 d early
2022
81 d early
2021
46 d early
2020
52 d early
2019
108 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 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 simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#1 employer in Ledegem#1 company by total assets in Ledegem, Construction sector#1 company by equity in Ledegem, Construction sector
Turnover
€112.03M▼ 0.7%
2024 · €112.80M
EBIT margin
5.6%▼ 0.2pp
2024 · 5.9%
Net result
€5.07M▼ 4.3%
2024 · €5.30M
Working capital
€5.16M▲ 27.8%
2024 · €4.03M
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
Turnover€78.79M▼ 4.0%€100.17M▲ 27.1%€115.02M▲ 14.8%€112.80M▼ 1.9%€112.03M▼ 0.7%
Operating result€2.62M▼ 35.9%€4.27M▲ 62.7%€6.49M▲ 52.1%€6.61M▲ 1.8%€6.32M▼ 4.3%
Net result€1.97M▼ 42.3%€3.33M▲ 69.1%€5.15M▲ 54.5%€5.30M▲ 3.0%€5.07M▼ 4.3%
EBIT margin3.3%▼ 1.7pp4.3%▲ 0.9pp5.6%▲ 1.4pp5.9%▲ 0.2pp5.6%▼ 0.2pp
Equity€8.11M▲ 12.5%€7.44M▼ 8.3%€12.59M▲ 69.1%€7.88M▼ 37.4%€8.95M▲ 13.6%
Total assets€28.19M▼ 4.2%€35.54M▲ 26.1%€36.51M▲ 2.7%€35.06M▼ 4.0%€31.35M▼ 10.6%
Debt€20.08M▼ 9.7%€28.10M▲ 40.0%€23.83M▼ 15.2%€26.91M▲ 13.0%€22.25M▼ 17.3%
Working capital€6.23M▲ 16.8%€5.40M▼ 13.3%€9.31M▲ 72.4%€4.03M▼ 56.7%€5.16M▲ 27.8%
Staff (FTE)112.2▲ 3.3%114.9▲ 2.4%113.8▼ 1.0%121.7▲ 6.9%124.6▲ 2.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.35M
Fixed assets
€6.16M ▼ 19.0%
Current assets
€25.19M ▼ 8.2%
Equity and liabilities €31.35M
Equity
€8.95M ▲ 13.6%
Provisions
€150k ▼ 43.8%
Debt
€22.25M ▼ 17.3%
Debt's share of the balance-sheet total falls from 76.8% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9.06M▲
2024 · €8.96M
Cash flow
€7.82M▲
2024 · €7.66M
Current ratio
1.26▲
2024 · 1.17
Quick ratio
1.19▲
2024 · 1.11
Debt to equity
2.48▼
2024 · 3.41
ROE
56.7%▼
2024 · 67.2%
ROA
16.2%▲
2024 · 15.1%
Interest coverage
46.27▲
2024 · 44.41
Debt ≤ 1 year
€20.03M▼
2024 · €23.42M
Debt > 1 year
€2.21M▼
2024 · €3.49M
Income taxes
€1.68M▼
2024 · €1.81M
Staff costs
€9.33M▲
2024 · €8.41M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €79.24M | €100.70M | €115.65M | €113.58M | €112.72M | ▼ 0.8% |
| Turnover70 | €78.79M | €100.17M | €115.02M | €112.80M | €112.03M | ▼ 0.7% |
| Own construction capitalised72 | - | - | - | €57k | - | - |
| Other operating income74 | €376k | €532k | €508k | €574k | €646k | ▲ 12.6% |
| Non-recurring operating income76A | €69k | €4k | €113k | €154k | €45k | ▼ 70.8% |
| Operating charges60/66A | €76.62M | €96.44M | €109.16M | €106.98M | €106.40M | ▼ 0.5% |
| Goods for resale, raw materials and consumables60 | €59.93M | €77.14M | €88.98M | €84.49M | €82.47M | ▼ 2.4% |
| Purchases600/8 | €60.02M | €77.38M | €89.45M | €84.61M | €82.47M | ▼ 2.5% |
| Change in stocks: decrease (increase)609 | €-90k | €-234k | €-466k | €-120k | €5k | ▲ 104% |
| Services and other goods61 | €8.33M | €10.18M | €10.11M | €11.34M | €11.46M | ▲ 1.0% |
| Remuneration, social security and pensions62 | €6.73M | €7.26M | €8.09M | €8.41M | €9.33M | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.49M | €1.30M | €1.83M | €2.36M | €2.75M | ▲ 16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €434k | €-437k | €30k | €294k | ▲ 877% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €102k | €165k | €-117k | ▼ 171% |
| Other operating charges640/8 | €132k | €106k | €439k | €182k | €189k | ▲ 3.6% |
| Non-recurring operating charges66A | €714 | €17k | €33k | €5k | €33k | ▲ 574% |
| Operating profit (loss)9901 | €2.62M | €4.27M | €6.49M | €6.61M | €6.32M | ▼ 4.3% |
| Financial income75/76B | €388k | €536k | €784k | €882k | €679k | ▼ 23.0% |
| Recurring financial income75 | €388k | €536k | €784k | €882k | €679k | ▼ 23.0% |
| Income from current assets751 | - | - | €8k | €184k | €87k | ▼ 52.9% |
| Other financial income752/9 | €388k | €536k | €776k | €697k | €592k | ▼ 15.1% |
| Financial charges65/66B | €145k | €284k | €340k | €374k | €246k | ▼ 34.1% |
| Recurring financial charges65 | €145k | €284k | €340k | €374k | €246k | ▼ 34.1% |
| Debt charges650 | €50k | €47k | €174k | €202k | €196k | ▼ 2.9% |
| Other financial charges652/9 | €94k | €236k | €166k | €172k | €50k | ▼ 70.7% |
| Profit (loss) for the period before taxes9903 | €2.86M | €4.52M | €6.93M | €7.11M | €6.75M | ▼ 5.1% |
| Income taxes67/77 | €894k | €1.19M | €1.78M | €1.81M | €1.68M | ▼ 7.5% |
| Taxes670/3 | €894k | €1.19M | €1.78M | €1.81M | €1.68M | ▼ 7.5% |
| Profit (loss) for the period9904 | €1.97M | €3.33M | €5.15M | €5.30M | €5.07M | ▼ 4.3% |
| Transfer from tax-exempt reserves789 | - | - | €299k | €632k | €105k | ▼ 83.3% |
| Transfer to tax-exempt reserves689 | €316k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.65M | €3.33M | €5.45M | €5.93M | €5.18M | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28.19M | €35.54M | €36.51M | €35.06M | €31.35M | ▼ 10.6% |
| Fixed assets21/28 | €5.37M | €4.78M | €6.85M | €7.61M | €6.16M | ▼ 19.0% |
| Tangible fixed assets22/27 | €5.37M | €4.77M | €6.84M | €7.60M | €6.15M | ▼ 19.1% |
| Land and buildings22 | €2.12M | €1.93M | €1.74M | €1.62M | €1.89M | ▲ 16.9% |
| Plant, machinery and equipment23 | €992k | €775k | €1.99M | €1.82M | €1.36M | ▼ 25.2% |
| Furniture and vehicles24 | €969k | €689k | €733k | €680k | €612k | ▼ 10.0% |
| Leasing and similar rights25 | €1.29M | €1.38M | €2.37M | €3.48M | €2.29M | ▼ 34.3% |
| Financial fixed assets28 | €7k | €7k | €6k | €6k | €6k | = |
| Other financial fixed assets284/8 | €7k | €7k | €6k | €6k | €6k | = |
| Amounts receivable and cash guarantees285/8 | €7k | €7k | €6k | €6k | €6k | = |
| Current assets29/58 | €22.81M | €30.77M | €29.66M | €27.45M | €25.19M | ▼ 8.2% |
| Stocks and contracts in progress3 | €622k | €855k | €1.32M | €1.44M | €1.44M | ▼ 0.3% |
| Stocks30/36 | €622k | €855k | €1.32M | €1.44M | €1.44M | ▼ 0.3% |
| Goods purchased for resale34 | €266k | €276k | €240k | €210k | €206k | ▼ 2.1% |
| Property held for sale35 | €356k | €580k | €1.08M | €1.23M | €1.23M | = |
| Amounts receivable within one year40/41 | €16.82M | €18.08M | €15.88M | €15.86M | €15.79M | ▼ 0.5% |
| Trade receivables40 | €15.25M | €16.44M | €13.89M | €14.22M | €14.03M | ▼ 1.4% |
| Other amounts receivable41 | €1.57M | €1.64M | €1.99M | €1.64M | €1.76M | ▲ 7.5% |
| Current investments50/53 | - | - | €5.00M | €5.09M | €2.50M | ▼ 50.8% |
| Other investments51/53 | - | - | €5.00M | €5.09M | €2.50M | ▼ 50.8% |
| Cash at bank and in hand54/58 | €5.22M | €11.65M | €7.21M | €4.68M | €5.12M | ▲ 9.5% |
| Deferred charges and accrued income490/1 | €153k | €178k | €254k | €376k | €334k | ▼ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28.19M | €35.54M | €36.51M | €35.06M | €31.35M | ▼ 10.6% |
| Equity10/15 | €8.11M | €7.44M | €12.59M | €7.88M | €8.95M | ▲ 13.6% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Reserves13 | €8.05M | €7.38M | €12.53M | €7.83M | €8.90M | ▲ 13.7% |
| Non-distributable reserves130/1 | €4k | €4k | - | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | - | - | - | - |
| Tax-exempt reserves132 | €1.04M | €1.04M | €737k | €105k | - | - |
| Distributable reserves133 | €7.01M | €6.34M | €11.79M | €7.72M | €8.90M | ▲ 15.3% |
| Investment grants15 | €24k | €22k | €20k | €18k | €16k | ▼ 10.7% |
| Provisions and deferred taxes16 | - | - | €102k | €267k | €150k | ▼ 43.8% |
| Provisions for liabilities and charges160/5 | - | - | €102k | €267k | €150k | ▼ 43.8% |
| Other liabilities and charges164/5 | - | - | €102k | €267k | €150k | ▼ 43.8% |
| Amounts payable17/49 | €20.08M | €28.10M | €23.83M | €26.91M | €22.25M | ▼ 17.3% |
| Amounts payable after more than one year17 | €3.50M | €2.74M | €3.47M | €3.49M | €2.21M | ▼ 36.6% |
| Financial debts170/4 | €3.50M | €2.74M | €3.47M | €3.49M | €2.21M | ▼ 36.6% |
| Leasing and similar obligations172 | €952k | €899k | €1.44M | €2.05M | €1.16M | ▼ 43.3% |
| Credit institutions173 | €2.55M | €1.84M | €2.04M | €1.44M | €1.05M | ▼ 27.1% |
| Amounts payable within one year42/48 | €16.58M | €25.36M | €20.35M | €23.42M | €20.03M | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | €1.11M | €1.13M | €1.84M | €2.21M | €2.10M | ▼ 5.0% |
| Financial debts43 | €267k | €267k | €337k | - | - | - |
| Credit institutions430/8 | €267k | €267k | €337k | - | - | - |
| Trade debts44 | €8.16M | €8.57M | €10.70M | €8.14M | €10.95M | ▲ 34.6% |
| Suppliers440/4 | €8.16M | €8.57M | €10.70M | €8.14M | €10.95M | ▲ 34.6% |
| Advances received on contracts in progress46 | €5.15M | €10.39M | €3.75M | €4.10M | €865k | ▼ 78.9% |
| Taxes, remuneration and social security45 | €807k | €999k | €1.46M | €1.55M | €1.67M | ▲ 7.3% |
| Taxes450/3 | €174k | €205k | €524k | €666k | €639k | ▼ 3.9% |
| Remuneration and social security454/9 | €633k | €794k | €933k | €888k | €1.03M | ▲ 15.7% |
| Other amounts payable47/48 | €1.08M | €4.00M | €2.27M | €7.42M | €4.45M | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.97M | €3.33M | €5.15M | €5.30M | €5.07M | ▼ 4.3% |
| + Depreciation and write-downs630 | €1.49M | €1.30M | €1.83M | €2.36M | €2.75M | ▲ 16.5% |
| Operating cash flow (approximation) | €3.46M | €4.63M | €6.98M | €7.66M | €7.82M | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €-701k | €-3.90M | €-3.12M | €-1.30M | ▲ 58.4% |
| Change in cash | - | €6.43M | €-4.44M | €-2.53M | €446k | ▲ 118% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €5.30M ▲3%
Operating result €6.61M, net result €5.30M, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10MEq €12.59M ▲69.1%
5 profitable years in a row build equity to €12.59M.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €1.97M ▼42.3%
Net result drops to €1.97M, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Ledegem · 2 establishment units since 2003
Ground area
1.7 ha
Building footprint
2,952 m²
Volume, LiDAR
13,190 m³
2 parcels, Flanders, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
2 establishment units
BEEUWSAERT CONSTRUCT
since 20032.134.660.093
Constructions Jean Simon
since 20182.274.062.654
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0737/00N000 | Flanders | 9,627 m² | 1 · 2,366 m² | 10.0 m · 3 fl. |
| 93039B0118/00P000 | Wallonia | 7,322 m² | 1 · 585 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 118,593 EUR awarded · 116,812 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 22,670 EUR | 22,029 EUR |
| 2024 | 2 | 26,547 EUR | 25,407 EUR |
| 2023 | 2 | 27,104 EUR | 27,104 EUR |
| 2022 | 2 | 42,272 EUR | 42,272 EUR |
Recognitions · licences · registrations
Recognised contractor
6 categoriesBEEUWSAERT CONSTRUCT BV33742
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Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 219 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
Founded16-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43110Demolition
43310Plastering work
43331Floor and wall tiling
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.