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BILGIN CONSTRUCT

Active
Private limited companyfounded 20251 yr activeSteenweg op Mechelen 455, 1950 Kraainem, BelgiumKBO/BCE: BE 1018.372.910
Summary

The computed 12-month bankruptcy probability of BILGIN CONSTRUCT is 1.6% (moderate). The 2025 annual accounts show equity of €48,477 and a net result of €28,477. Its solvency ranks better than 83% of 33831 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2025, micro schema

Equity
€48,477
Total assets
€62,096
Net result
€28,477
Working capital
€34,681

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €62,096
Fixed assets €13,796
Current assets €48,300
Equity and liabilities €62,096
Equity €48,477
Debt €13,619
Debt finances 21.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€42,224
Cash flow
€30,108
Current ratio
3.55
Debt to equity
0.28
ROE
58.7%
ROA
45.9%
Interest coverage
5905.44
Debt ≤ 1 year
€13,619
Income taxes
€12,237

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€62,096
Fixed assets21/28€13,796
Tangible fixed assets22/27€13,796
Plant, machinery and equipment23€2,529
Furniture and vehicles24€11,267
Current assets29/58€48,300
Amounts receivable within one year40/41€41,075
Trade receivables40€35,735
Other amounts receivable41€5,340
Cash at bank and in hand54/58€7,173
Deferred charges and accrued income490/1€52
Equity and liabilities
Total equity and liabilities10/49€62,096
Equity10/15€48,477
Contributions10/11€20,000
Reserves13€28,477
Distributable reserves133€28,477
Amounts payable17/49€13,619
Amounts payable within one year42/48€13,619
Trade debts44€1,382
Suppliers440/4€1,382
Taxes, remuneration and social security45€12,237
Taxes450/3€12,237
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,631
Other operating charges640/8€3,816
Gross operating margin9900€46,040
Operating profit (loss)9901€40,593
Financial income75/76B€128
Recurring financial income75€128
Financial charges65/66B€7
Recurring financial charges65€7
Profit (loss) for the period before taxes9903€40,714
Income taxes67/77€12,237
Profit (loss) for the period9904€28,477
Profit (loss) for the period to be appropriated9905€28,477
Appropriation of the result
Profit (loss) to be appropriated9906€28,477
Transfer to equity691/2€28,477
To other reserves6921€28,477

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,631
Other operating charges640/8€3,816
Gross operating margin9900€46,040
Operating profit (loss)9901€40,593
Financial income75/76B€128
Recurring financial income75€128
Financial charges65/66B€7
Recurring financial charges65€7
Profit (loss) for the period before taxes9903€40,714
Income taxes67/77€12,237
Profit (loss) for the period9904€28,477
Profit (loss) for the period to be appropriated9905€28,477
Line2025
Assets
Total assets20/58€62,096
Fixed assets21/28€13,796
Tangible fixed assets22/27€13,796
Plant, machinery and equipment23€2,529
Furniture and vehicles24€11,267
Current assets29/58€48,300
Amounts receivable within one year40/41€41,075
Trade receivables40€35,735
Other amounts receivable41€5,340
Cash at bank and in hand54/58€7,173
Deferred charges and accrued income490/1€52
Equity and liabilities
Total equity and liabilities10/49€62,096
Equity10/15€48,477
Contributions10/11€20,000
Reserves13€28,477
Distributable reserves133€28,477
Amounts payable17/49€13,619
Amounts payable within one year42/48€13,619
Trade debts44€1,382
Suppliers440/4€1,382
Taxes, remuneration and social security45€12,237
Taxes450/3€12,237
Line2025
Profit (loss) for the period9904€28,477
+ Depreciation and write-downs630€1,631
Operating cash flow (approximation)€30,108

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 8,468 companies in this sector we hold annual accounts for 3,316. 2,567 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector