BELGA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BELGA CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €27,746 and a net result of €847. Equity has been growing by about 14% per year since 2022. Its solvency ranks better than 20% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-05-2022 Normal situation
- Registered office
- 96 active companies are registered at this address 8 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Floor and wall tiling NACE 43331and 5 others
- Establishment unit
- 2.331.097.961 7540 Tournai, since 16-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €37,398
- ▲ 191%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €847
- ▼ 33.7%
- Equity
- €27,746
- ▲ 3.2%
- Total assets
- €157,134
- ▼ 6.7%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateFounded in 2022Equity €27,746 (17.7% of total assets)lowers riskLiquidity: current ratio 1.05, cash €32,936Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 20% of them on solvency, 39% on liquidity, 36% on profitability and 43% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 11 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00474618.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 111% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €17,036 | - | €62,921 | €28,259 |
| Depreciation and write-downs of the year | €3,556 | €5,459 | €8,209 | €25,663 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58 | - | - | €381 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,556 | €5,459 | €8,209 | €25,663 | ▲ 213% |
| Other operating charges640/8 | €931 | €535 | €523 | €2,617 | ▲ 400% |
| Gross operating margin9900 | €27,022 | €16,261 | €12,867 | €37,398 | ▲ 191% |
| Operating profit (loss)9901 | €22,477 | €10,267 | €4,135 | €8,737 | ▲ 111% |
| Financial income75/76B | €0 | €2 | - | - | - |
| Recurring financial income75 | €0 | €2 | - | - | - |
| Financial charges65/66B | €25 | €362 | €772 | €3,292 | ▲ 327% |
| Recurring financial charges65 | €25 | €362 | €772 | €3,292 | ▲ 327% |
| Profit (loss) for the period before taxes9903 | €22,451 | €9,908 | €3,364 | €5,444 | ▲ 61.9% |
| Income taxes67/77 | €4,696 | €3,042 | €2,086 | €4,597 | ▲ 120% |
| Profit (loss) for the period9904 | €17,755 | €6,865 | €1,277 | €847 | ▼ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €17,755 | €6,865 | €1,277 | €847 | ▼ 33.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,826 | €96,653 | €168,497 | €157,134 | ▼ 6.7% |
| Fixed assets21/28 | €13,480 | €8,021 | €62,733 | €65,329 | ▲ 4.1% |
| Tangible fixed assets22/27 | €13,480 | €8,021 | €62,733 | €65,329 | ▲ 4.1% |
| Plant, machinery and equipment23 | €1,814 | €1,355 | €896 | €1,351 | ▲ 50.8% |
| Furniture and vehicles24 | €11,667 | €6,667 | €61,837 | €63,978 | ▲ 3.5% |
| Current assets29/58 | €28,346 | €88,631 | €105,764 | €91,805 | ▼ 13.2% |
| Stocks and contracts in progress3 | - | €11,609 | €12,810 | €12,810 | = |
| Stocks30/36 | - | €11,609 | €12,810 | €12,810 | = |
| Amounts receivable within one year40/41 | €19,540 | €68,491 | €76,086 | €46,058 | ▼ 39.5% |
| Trade receivables40 | €11,020 | €54,141 | €67,021 | €39,282 | ▼ 41.4% |
| Other amounts receivable41 | €8,520 | €14,350 | €9,064 | €6,776 | ▼ 25.2% |
| Cash at bank and in hand54/58 | €8,806 | €8,531 | €16,868 | €32,936 | ▲ 95.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,826 | €96,653 | €168,497 | €157,134 | ▼ 6.7% |
| Equity10/15 | €18,755 | €25,621 | €26,898 | €27,746 | ▲ 3.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €17,755 | €24,621 | €25,898 | €26,746 | ▲ 3.3% |
| Amounts payable17/49 | €23,071 | €71,032 | €141,599 | €129,388 | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | €60,954 | €41,907 | ▼ 31.2% |
| Financial debts170/4 | - | - | €60,954 | €41,907 | ▼ 31.2% |
| Amounts payable within one year42/48 | €23,071 | €71,032 | €80,645 | €87,482 | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,924 | - |
| Trade debts44 | - | €23,417 | €2,029 | €11,943 | ▲ 488% |
| Suppliers440/4 | - | €23,417 | €2,029 | €11,943 | ▲ 488% |
| Advances received on contracts in progress46 | €16,228 | €11,315 | €30,000 | - | - |
| Taxes, remuneration and social security45 | €4,696 | €8,650 | €8,236 | €10,538 | ▲ 27.9% |
| Taxes450/3 | €4,696 | €8,650 | €8,236 | €10,538 | ▲ 27.9% |
| Other amounts payable47/48 | €2,147 | €27,650 | €40,380 | €55,078 | ▲ 36.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,755 | €6,865 | €1,277 | €847 | ▼ 33.7% |
| + Depreciation and write-downs630 | €3,556 | €5,459 | €8,209 | €25,663 | ▲ 213% |
| Operating cash flow (approximation) | €21,312 | €12,324 | €9,487 | €26,511 | ▲ 179% |
| Investment in fixed assets (approximation) | - | €0 | -€62,921 | -€28,259 | ▲ 55.1% |
| Change in cash | - | -€275 | €8,337 | €16,069 | ▲ 92.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,542 companies had the same profile as BELGA CONSTRUCT has now. Two years later, 95.0% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELGA CONSTRUCT itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for BELGA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- LEFTER Ion 100 shares (100%) · in cash
Capital transactions
- 17-05-2022 Incorporation · €1,000 · 100 shares
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering kan te allen tijde bij gewone meerderheid één of meer vereffenaars benoemen of ontslaan, bestuurders in functie op…”
Articles of association, deed of 17-05-2022 (in Dutch)
Network & group
BELGA CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BELGA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-05
Gazette deed
IncorporationFounding capital of €1,000, 100 shares · Founder: LEFTER Ion · Appointment: LEFTER Ion (director)5 points ▸
- Incorporation, 13-05-2022
- Founder, LEFTER Ion
- Founding capital, €1,000, 100 shares
- Registered office clause, Dumolinlaan 1 Box 13, 8500 Kortrijk
- Director appointment, LEFTER Ion (director (not named in the articles))
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- De restauratie en renovatie van gebouwen en monumenten,het oprichten van woningen en gebouwen in de ruimste zin van het woord,het oprichten en/of laten oprichten van sleutelklare woningen en gebouwen;het aankopen,verkopen en verhuren van deze woningen en gebouwen.
- Het aannemen en uitvoeren of laten uitvoeren van: grondwerken,wegenwerken,rioleringswerken,draineringswerken,niet-metalen kunstwerken,algemene bouwwerken,alle ruwbouwwerken en onderkap brengen van gebouwen,bekistings- en ijzervlechtwerken,geluids- en warmte-isolatie,lichte scheidingswanden,valse plafonds en blinde vloeren,al dan niet geprefabriceerd;schrijnwerk in het algemeen – zowel in hout,PVC als metaal,houten spanten en trappen,marmer- en steenhouwerswerk,smeedwerk,dakbedekkingen in asfalt- of gelijkaardige producten,dichtingswerken;tegelwerk,pleister- en raapwerk,niet-metalen en niet-asfaltbedekkingen;verfwerk,glazenmakerswerk,parketwerk,sanitaire installaties en verwarmingsinstallaties met gas door middel van individuele toestellen,centrale verwarming,thermische installaties,ventilatie,luchtverwarming en airconditioning,reinigen en opknappen van gevels,metalen dakbedekkingen en zinkwerk,restauratie door ambachtslieden,restauratie van monumenten,muurbekledingen en vloerbedekkingen,vloerdeklaag en bekleding van industriële vloeren,bouwen van stellingen,voegwerken,slopingswerken,plaatsen van afsluitingen,droogmaken van gebouwen,plaatsen van sierschouwen,bedekken van gebouwen,plaatsen van ijzerwerk,metalen luiken;plaatsen van diverse kunststoffen,ruiten,glas en gekleurde ramen,behangen en garneren,plaatsen van verwarming van warme lucht,van luchtregeling en diverse leidingen,van sanitaire inrichtingen en gasverwarming,voor lood- en zinkwerk en voor installeren van waterverzachters,plaatsen van bliksemafleiders,electrische installaties,metaalconstructies.
- Werken in coördinatie met onderaannemers.
- De algemene coördinatie van de werkzaamheden op de bouwwerf,preventieadvisering en veiligheidscoördinatie;projectontwikkeling voor woningbouw,kantoorbouw,infrastructuurwerken.De coördinatie van alle bouwwerken in de ruimste zin van het woord,studie- en raadgevend bureau;de onderneming in onroerende goederen,de bouwpromotie,alle verhandelingen van onroerende goederen,de aan- en verkoop,de fabricatie en de plaatsing van bouwmaterialen,de aanneming en de uitvoering,de fabricatie en de groot- en kleinhandel van alle geprefabriceerde betonelementen,het verkopen,het verhuren of herstellen van alle aannemers en vervoermateriaal,het vervoer voor eigen rekening en voor rekening van derden,de uitbating van natuursteengroeven,de groot- en kleinhandel in bouwproducten- en materialen.
- Onderneming in roerende en onroerende goederen,en het optreden als makelaar in onroerende goederen of bouwpromotor in de meest ruime zin,alle bemiddeling,dienstverlening en service bij verrichtingen van roerende en onroerende aard;agent en/of makelaar in verzekeringen,eveneens voor Belgische en voor buitenlandse vennootschappen;leasing,financieringen en leningen;
- Verwerven,bouwen,ruilen,laten bouwen,verbouwen,in huur geven of nemen,onderhuren of verhuren,verkopen en omvormen,verkavelen en uitbaten,beheren van alle onroerende goederen in de breedste zin,zoals appartementen,kantoren,winkels,woningen,studentenhomes,gronden,wouden,waters en domeinen;
- De aankoop,verkoop en ruiling,het beheer en de valorisatie van haar eigen roerend patrimonium,bestaande uit onder meer waardepapieren,aandelen,obligaties,staatsfondsen en van alle roerende goederen en rechten,inbegrepen handelszaken;
- Het verwerven en beheren van participaties,in eender welke vorm,in alle bestaande of op te richten vennootschappen of ondernemingen;evenals het verlenen van alle managementbijstand en het uitoefenen van alle bestuursmandaten,en het ter beschikking stellen van personen gespecialiseerd in het adviseren en/of besturen van ondernemingen,dit alles in de meest ruime zin;
- Het stimuleren,de planning en coördinatie van de ontwikkeling van vennootschappen en ondernemingen;het deelnemen aan het beheer,bestuur en toezicht van alsmede het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en ondernemingen waarin zij rechtstreeks of onrechtstreeks enig belang heeft;
- In het raam van haar thesauriebeheer,het rechtstreeks uitvoeren of door toedoen van vestigingen in België of in het buitenland van trading- en deviezenoperaties en de tussenkomst in de emissie en plaatsing van aandelen,obligaties en allerhande effecten;
- Alle verbintenissen van borgtocht,aval of van eender welke garanties;
- Het beheren van een eigen onroerend patrimonium en het valoriseren van dit patrimonium vooral door beheersdaden,zoals onroerende goederen verwerven,laten bouwen en verbouwen,laten opschikken,laten uitrusten,ombouwen,verfraaien,in huur geven of nemen,in leasing geven of nemen,verkavelen,onderhouden,ontwikkelen en uitbaten,urbaniseren,vervreemden en ruilen met het oog op beheer,wederbelegging en opbrengst.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0786.196.480
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
| 57073B0302/00N007 | Wallonia | 234 m² | 1 · 44 m² | 10.2 m · 3 |