Equity
€11.2m ▼ 1.1%
BELGALFA CONSTRUCT paid out €415,600 in dividends. That is 145% of the 2025 profit.
BELGALFA CONSTRUCT
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €1.1m (2008)
€963,434▲ 4.3%
lowest -€3.6m (2006)
€285,900▲ €574,285
peak €12.1m (2017)
€11.2m▼ 1.1%
€6.6m▲ 69.0%
peak 9 FTE (2009)
0.2 FTE▼ 33.3%
Board8 names since 2018
5 directorsCaroline DHERTE and 4 others
Documentsfilings and deeds
31-07-2026on the last day
2025financial year
Back to profit: €285,900Staff from 0.3 FTE to 0.2 FTEReappointment: Jean Pierre DHERTE (director) 11-09Dividend €415,600Debts from €3.9m to €6.6mCash from €1.3m to €4.6m
Key points
from the 2025 annual accountsResult
€285,900 €285,900
Back in profit in 2025, after a loss of €288,385 in 2024.
Debts
€6.6m ▲ 69.0%
Debts rose by €2.7m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
0.2 FTE from 9 in 2009
Between 2009 and 2025, 98% of the full-time equivalents disappeared.
Payment terms
37 days to suppliers
BELGALFA CONSTRUCT pays its suppliers 14 days later than in 2024. Customers pay 22 days later.
Filings
36 annual accounts 62 filings since 1990
Nine of the last ten came late. The 2019 accounts came latest: 39 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 43% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,827 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
lowers risk
Size: turnover €963,434, 0.2 FTE, total assets €17.8m
Liquidity: current ratio 1.02, cash €4.6m
Founded in 1990
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
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 71, micro). It does better than 61% of them on solvency, 53% on liquidity, 12% on profitability and 46% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.07 in 2024), below the usual 1.5. Short-term debt is 36.9% and cash 26% of total assets. 36.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
6 days late
2023
28 days late
2022
30 days late
2021
5 days late
2020
19 days late
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
J
JADHER
Director, Juliette DHERTE, since 02-07-2019
Shares in 5 companies, including PROMONTA and EGTA
Board & ownershipRecent changes
Appointment: Odile Dherte (managing director)
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440078013
Reappointment: Jean Pierre DHERTE (director)
Appointment: Caroline DHERTE (director) · General meeting of 19-06-2025 · Gazette deed
Appointments: Jean Pierre DHERTE (managing director) and Odile DHERTE (director)
General meeting of 20-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELGALFA CONSTRUCT Anderlecht | €1.0m | -8.3% | 63.1% | 0.2 |
| VAN dEN BRANDEN Lier | €0.3m | 13.3% | 87.9% | 0.8 |
| BEEUWSAERT Ledegem | €0.2m | 8.9% | 79.5% | 1.8 |
| EnergyICT Machelen (Brab.) | €3.5m | -12.5% | 87.2% | 2 |
| ELAWAN ENERGY WALLONIE Namur | €0.7m | -30.7% | 11.7% | 3 |
| DELFIPAR Seneffe | €0.5m | - | 99.3% | - |
| Société Internationale d'Engineering Watermael-Boitsfort | €14.7m | 2.3% | 56.3% | 1.3 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BELGALFA CONSTRUCT: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €7.7m and €20m, founded between 1975 and 2006.
Official details
Source: KBO- Status
- Active since 09-03-1990Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 3 others
- Establishment unit
- 2.047.909.8271070 Anderlecht, since 17-04-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2026
Annual accounts 2025
- €17.8m▲ 16.8%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Companies linked to BELGALFA CONSTRUCT
Subsidiaries and holdings
- IMMOLAROUE87.71%
- IMMOBILIERE ERASME85.67%
- EVERINVEST37.88%
Insights on BELGALFA CONSTRUCT
BELGALFA CONSTRUCT has existed since 1990. Turnover grew from €680,770 in 2006 to €963,434 in 2025, while staff fell from 6.3 to 0.2 full-time equivalents.
Solvency fell in 2025 from 74.5% to 63.1% because of the dividend.
In May 2026, the Official Gazette published the appointment of Odile Dherte as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELGALFA CONSTRUCT
- What is the company number of BELGALFA CONSTRUCT?
- The company number of BELGALFA CONSTRUCT is 0440.078.013. The VAT number is the same number with BE in front: BE 0440.078.013.
- Where is BELGALFA CONSTRUCT based?
- The registered office is at Bergense Steenweg 1203, 1070 Anderlecht.Company details
- What does BELGALFA CONSTRUCT do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of BELGALFA CONSTRUCT?
- BELGALFA CONSTRUCT is a public limited company (NV).
- When was BELGALFA CONSTRUCT founded?
- BELGALFA CONSTRUCT was founded on 09-03-1990.
- Is BELGALFA CONSTRUCT still active?
- Yes, BELGALFA CONSTRUCT is an active enterprise in the KBO register.
- How many employees does BELGALFA CONSTRUCT have?
- BELGALFA CONSTRUCT had an average of 0.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BELGALFA CONSTRUCT?
- The turnover of BELGALFA CONSTRUCT was €963,434 in financial year 2025, according to the filed annual accounts.
- Is BELGALFA CONSTRUCT profitable?
- In financial year 2025, BELGALFA CONSTRUCT made a profit of €285,900.
- Where can I find the annual accounts of BELGALFA CONSTRUCT?
- BELGALFA CONSTRUCT filed 62 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELGALFA CONSTRUCT due?
- BELGALFA CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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