BEST CONSTRUCT
ActiveSummary
BEST CONSTRUCT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €174k and a net result of €5k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-48
Solvency51▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.2 in 2023; short-term debt: 71.4% and cash: 1.3% of total assets), and 73.7% of the assets are financed with debt.
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Signals
Four 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 · 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
84 d late
2022
198 d late
2021
113 d late
2020
142 d late
2019
137 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, micro schema
In the rankings
#9 oldest company in Morlanwelz, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 85.9%
2023 · €32k
Working capital
€162k▲ 22.1%
2023 · €133k
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
Line20202021202220232024
Operating result€257k▲ 861%€-30k€26k€38k▲ 45.9%€-3k
Net result€222k▲ 119,178%€-35k€-10k▲ 72.6%€32k€5k▼ 85.9%
Equity€182k€147k▼ 19.1%€138k▼ 6.5%€170k▲ 23.3%€174k▲ 2.7%
Total assets€753k▲ 4.3%€585k▼ 22.2%€972k▲ 66.1%€825k▼ 15.2%€663k▼ 19.7%
Debt€571k▼ 25.0%€438k▼ 23.2%€834k▲ 90.5%€655k▼ 21.5%€488k▼ 25.5%
Working capital€164k€142k▼ 13.3%€129k▼ 9.3%€133k▲ 2.9%€162k▲ 22.1%
Staff (FTE)20.7=19.8▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €38k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €663k
Fixed assets
€28k ▼ 26.1%
Current assets
€635k ▼ 19.4%
Equity and liabilities €663k
Equity
€174k ▲ 2.7%
Debt
€488k ▼ 25.5%
Debt's share of the balance-sheet total falls from 79.4% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €45k
Cash flow
€14k▼
2023 · €39k
Current ratio
1.34▲
2023 · 1.20
Debt to equity
2.80▼
2023 · 3.85
ROE
2.6%▼
2023 · 18.9%
ROA
0.7%▼
2023 · 3.9%
Interest coverage
0.82▼
2023 · 24.31
Debt ≤ 1 year
€473k▼
2023 · €655k
Income taxes
€4k▼
2023 · €14k
Staff costs
€298k▲
2023 · €258k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €175k | €377k | €258k | €298k | ▲ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €14k | €4k | €7k | €10k | ▲ 40.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €171k | - |
| Other operating charges640/8 | - | €54k | €4k | €4k | €21k | ▲ 414% |
| Non-recurring operating charges66A | - | €457 | €10k | €7k | €7k | ▼ 10.1% |
| Gross operating margin9900 | €606k | €213k | €421k | €314k | €503k | ▲ 60.2% |
| Operating profit (loss)9901 | €257k | €-30k | €26k | €38k | €-3k | ▼ 108% |
| Financial income75/76B | - | €10k | €10k | €10k | €20k | ▲ 105% |
| Recurring financial income75 | €42k | €10k | €10k | €10k | €20k | ▲ 105% |
| Financial charges65/66B | - | €10k | €3k | €2k | €8k | ▲ 342% |
| Recurring financial charges65 | €3k | €10k | €3k | €2k | €8k | ▲ 342% |
| Profit (loss) for the period before taxes9903 | €297k | €-30k | €33k | €46k | €9k | ▼ 80.3% |
| Income taxes67/77 | €75k | €5k | €42k | €14k | €4k | ▼ 67.2% |
| Profit (loss) for the period9904 | €222k | €-35k | €-10k | €32k | €5k | ▼ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €222k | €-35k | €-10k | €32k | €5k | ▼ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €753k | €585k | €972k | €825k | €663k | ▼ 19.7% |
| Fixed assets21/28 | €18k | €5k | €9k | €37k | €28k | ▼ 26.1% |
| Tangible fixed assets22/27 | €17k | €5k | €8k | €37k | €27k | ▼ 26.6% |
| Plant, machinery and equipment23 | - | €5k | €585 | €2k | €1k | ▼ 28.3% |
| Furniture and vehicles24 | - | - | €8k | €35k | €26k | ▼ 26.5% |
| Financial fixed assets28 | €658 | €658 | €658 | €658 | €658 | = |
| Current assets29/58 | €735k | €580k | €963k | €788k | €635k | ▼ 19.4% |
| Amounts receivable after more than one year29 | - | €286k | €286k | - | - | - |
| Other amounts receivable291 | - | €286k | €286k | - | - | - |
| Amounts receivable within one year40/41 | €726k | €282k | €646k | €760k | €626k | ▼ 17.7% |
| Trade receivables40 | - | €261k | €418k | €212k | €206k | ▼ 2.8% |
| Other amounts receivable41 | - | €20k | €228k | €548k | €419k | ▼ 23.4% |
| Cash at bank and in hand54/58 | €4k | €7k | €10k | €26k | €9k | ▼ 66.0% |
| Deferred charges and accrued income490/1 | - | €6k | €22k | €2k | €331 | ▼ 79.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €753k | €585k | €972k | €825k | €663k | ▼ 19.7% |
| Equity10/15 | €182k | €147k | €138k | €170k | €174k | ▲ 2.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €3k | €3k | €5k | €5k | = |
| Profit (loss) carried forward14 | €158k | €123k | €114k | €146k | €151k | ▲ 3.1% |
| Amounts payable17/49 | €571k | €438k | €834k | €655k | €488k | ▼ 25.5% |
| Amounts payable within one year42/48 | €571k | €438k | €834k | €655k | €473k | ▼ 27.8% |
| Trade debts44 | €203k | €40k | €425k | €183k | €66k | ▼ 64.0% |
| Suppliers440/4 | - | €40k | €425k | €183k | €66k | ▼ 64.0% |
| Advances received on contracts in progress46 | - | €230k | €150k | €239k | €292k | ▲ 21.7% |
| Taxes, remuneration and social security45 | - | €168k | €260k | €232k | €116k | ▼ 50.2% |
| Taxes450/3 | - | €98k | €144k | €124k | €52k | ▼ 58.1% |
| Remuneration and social security454/9 | - | €70k | €116k | €108k | €64k | ▼ 41.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €15k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222k | €-35k | €-10k | €32k | €5k | ▼ 85.9% |
| + Depreciation and write-downs630 | €27k | €14k | €4k | €7k | €10k | ▲ 40.8% |
| Operating cash flow (approximation) | €249k | €-21k | €-6k | €39k | €14k | ▼ 63.4% |
| Investment in fixed assets (approximation) | - | €-906 | €-8k | €-35k | €0 | ▲ 100% |
| Change in cash | - | €3k | €3k | €16k | €-17k | ▼ 205% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 198 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €170k ▲23.3%
Equity rises from €138k to €170k.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 113 days late
2021
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 142 days late
2020
31-12
Financial
Highest result since 2018net €222k ▲119,178%
Operating result €257k, net result €222k, both a record.
31-12
Financial
Equity above €150kEq €182k
2 profitable years in a row build equity to €182k.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 137 days late
2019
31-12
Financial
Back to profitnet €186
Net result €186 after one loss-making year.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 120 days late
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 141 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Morlanwelz · 1 establishment unit since 1993
Ground area
5,401 m²
Building footprint
222 m²
Volume, LiDAR
1,571 m³
Parcel 56055B0249/00K000, Wallonia · tallest building 17.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BEST CONSTRUCT
since 19932.064.755.262
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56055B0249/00K000 | Wallonia | 5,401 m² | 1 · 222 m² | 17.6 m · 2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,363 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
Founded14-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.