BILICI CONSTRUCT
ActiveSummary
BILICI CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,353 and a net result of €18,822. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-4
Solvency68▼-9
Growth75▼-10
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 2.05 in 2024; short-term debt: 56.7% and cash: 43.9% of total assets), but 56.7% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 31-01-2025 was due by 31-08-2025 and was filed on 24-09-2025, 24 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
2026
not confirmed
2025
24 d late
2024
31 d late
2023
12 d late
2022
47 d early
2021
13 d late
2020
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Turnover
€485,670▼ 27.6%
2024 · €670,926
EBIT margin
5.2%▲ 0.6pp
2024 · 4.5%
Net result
€18,822▼ 31.1%
2024 · €27,318
Working capital
€161,463▲ 18.8%
2024 · €135,930
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€296,610▼ 49.7%€219,846▼ 25.9%€334,273▲ 52.0%€670,926▲ 101%€485,670▼ 27.6%
Operating result€7,996▼ 62.4%€14,222▲ 77.9%€10,604▼ 25.4%€30,279▲ 186%€25,070▼ 17.2%
Net result€164▼ 98.5%€6,817▲ 4,054%€9,046▲ 32.7%€27,318▲ 202%€18,822▼ 31.1%
EBIT margin2.7%▼ 0.9pp6.5%▲ 3.8pp3.2%▼ 3.3pp4.5%▲ 1.3pp5.2%▲ 0.6pp
Equity€100,351▲ 7.5%€107,167▲ 6.8%€116,213▲ 8.4%€143,531▲ 23.5%€162,353▲ 13.1%
Total assets€151,660▼ 42.8%€163,461▲ 7.8%€210,086▲ 28.5%€274,001▲ 30.4%€374,620▲ 36.7%
Debt€51,309▼ 70.1%€56,294▲ 9.7%€93,873▲ 66.8%€130,470▲ 39.0%€212,267▲ 62.7%
Working capital€89,133▲ 0.1%€91,145▲ 2.3%€99,714▲ 9.4%€135,930▲ 36.3%€161,463▲ 18.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Turnover +101% on 2023. Cause not known from the registers.
- 2023 Turnover +52% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374,620
Fixed assets
€890 ▼ 89.6%
Current assets
€373,730 ▲ 40.8%
Equity and liabilities €374,620
Equity
€162,353 ▲ 13.1%
Debt
€212,267 ▲ 62.7%
Debt's share of the balance-sheet total rises from 47.6% to 56.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,706▼
2024 · €45,835
Cash flow
€26,457▼
2024 · €42,874
Current ratio
1.76▼
2024 · 2.05
Debt to equity
1.31▲
2024 · 0.91
ROE
11.6%▼
2024 · 19.0%
ROA
5.0%▼
2024 · 10.0%
Interest coverage
47.13▼
2024 · 48.91
Debt ≤ 1 year
€212,267▲
2024 · €129,545
Income taxes
€11,341▲
2024 · €8,767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €296,610 | €219,846 | €334,273 | €670,926 | €485,670 | ▼ 27.6% |
| Non-recurring operating income76A | - | - | - | €1,574 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €186,345 | €305,481 | €623,638 | €451,430 | ▼ 27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,698 | €18,592 | €15,915 | €15,555 | €7,636 | ▼ 50.9% |
| Other operating charges640/8 | - | €687 | €2,272 | €1,707 | €1,534 | ▼ 10.2% |
| Non-recurring operating charges66A | - | - | - | €1,320 | - | - |
| Gross operating margin9900 | €40,684 | €33,501 | €28,792 | €48,862 | €34,240 | ▼ 29.9% |
| Operating profit (loss)9901 | €7,996 | €14,222 | €10,604 | €30,279 | €25,070 | ▼ 17.2% |
| Financial income75/76B | - | €5,614 | €4,067 | €6,743 | €5,787 | ▼ 14.2% |
| Recurring financial income75 | €1,487 | €1,662 | €3,957 | €6,743 | €5,787 | ▼ 14.2% |
| Non-recurring financial income76B | - | €3,952 | €110 | - | - | - |
| Financial charges65/66B | - | €9,042 | €1,217 | €937 | €694 | ▼ 26.0% |
| Recurring financial charges65 | €1,803 | €4,551 | €1,217 | €937 | €694 | ▼ 26.0% |
| Non-recurring financial charges66B | - | €4,492 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,680 | €10,794 | €13,454 | €36,085 | €30,163 | ▼ 16.4% |
| Income taxes67/77 | €7,516 | €3,978 | €4,408 | €8,767 | €11,341 | ▲ 29.4% |
| Profit (loss) for the period9904 | €164 | €6,817 | €9,046 | €27,318 | €18,822 | ▼ 31.1% |
| Profit (loss) for the period to be appropriated9905 | €164 | €6,817 | €9,046 | €27,318 | €18,822 | ▼ 31.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,660 | €163,461 | €210,086 | €274,001 | €374,620 | ▲ 36.7% |
| Fixed assets21/28 | €29,520 | €22,292 | €22,881 | €8,526 | €890 | ▼ 89.6% |
| Tangible fixed assets22/27 | €29,370 | €22,142 | €22,731 | €8,376 | €740 | ▼ 91.2% |
| Plant, machinery and equipment23 | - | €580 | - | €980 | €740 | ▼ 24.5% |
| Furniture and vehicles24 | - | €21,562 | €22,731 | €7,396 | - | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €122,140 | €141,169 | €187,205 | €265,475 | €373,730 | ▲ 40.8% |
| Amounts receivable within one year40/41 | €89,037 | €121,583 | €169,265 | €213,480 | €209,244 | ▼ 2.0% |
| Trade receivables40 | - | €89,065 | €83,496 | €121,949 | €105,815 | ▼ 13.2% |
| Other amounts receivable41 | - | €32,518 | €85,768 | €91,531 | €103,429 | ▲ 13.0% |
| Cash at bank and in hand54/58 | €33,103 | €19,586 | €17,940 | €48,706 | €164,486 | ▲ 238% |
| Deferred charges and accrued income490/1 | - | - | - | €3,290 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,660 | €163,461 | €210,086 | €274,001 | €374,620 | ▲ 36.7% |
| Equity10/15 | €100,351 | €107,167 | €116,213 | €143,531 | €162,353 | ▲ 13.1% |
| Contributions10/11 | - | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €85,491 | €92,307 | €101,353 | €128,671 | €147,493 | ▲ 14.6% |
| Amounts payable17/49 | €51,309 | €56,294 | €93,873 | €130,470 | €212,267 | ▲ 62.7% |
| Amounts payable after more than one year17 | €18,303 | €6,270 | €6,382 | €924 | - | - |
| Financial debts170/4 | - | €6,270 | €6,382 | €924 | - | - |
| Amounts payable within one year42/48 | €33,006 | €50,024 | €87,491 | €129,545 | €212,267 | ▲ 63.9% |
| Current portion of amounts payable after more than one year42 | - | €12,033 | €11,577 | €5,457 | €924 | ▼ 83.1% |
| Financial debts43 | - | - | €60 | €66 | €66 | = |
| Credit institutions430/8 | - | - | €60 | €66 | €66 | = |
| Trade debts44 | €14,104 | €37,991 | €73,854 | €94,689 | €176,434 | ▲ 86.3% |
| Suppliers440/4 | - | €6,430 | €39,080 | €94,689 | €176,434 | ▲ 86.3% |
| Bills of exchange payable441 | - | €31,561 | €34,773 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €2,000 | €29,333 | €34,843 | ▲ 18.8% |
| Taxes450/3 | - | - | - | €6,733 | €21,143 | ▲ 214% |
| Remuneration and social security454/9 | - | - | €2,000 | €22,600 | €13,700 | ▼ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €164 | €6,817 | €9,046 | €27,318 | €18,822 | ▼ 31.1% |
| + Depreciation and write-downs630 | €16,698 | €18,592 | €15,915 | €15,555 | €7,636 | ▼ 50.9% |
| Operating cash flow (approximation) | €16,862 | €25,409 | €24,961 | €42,874 | €26,457 | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | -€11,365 | -€16,504 | -€1,200 | €0 | ▲ 100% |
| Change in cash | - | -€13,517 | -€1,645 | €30,766 | €115,780 | ▲ 276% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
31-01
Financial
Equity above €150,000Eq €162,353 ▲13.1%
7 profitable years in a row build equity to €162,353.
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
31-01
Financial
Highest result since 2019net €27,318 ▲202%
Operating result €30,279, net result €27,318, both a record.
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
31-01
Financial
Weakest financial yearnet €164 ▼98.5%
Net result drops to €164, the lowest in the series; recovery starts the following year.
31-01
Financial
Liquidity doublescurrent ratio 3.70
Current ratio from 1.68 to 3.70; short-term debt falls from €129,974 to €33,006.
31-01
Financial
Equity above €100,000Eq €100,351 ▲7.5%
3 profitable years in a row build equity to €100,351.
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-07
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 8 acts read
About the unread acts
We know of 8 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
8 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, Dilbeek · 1 establishment unit since 2007
Ground area
329 m²
Building footprint
110 m²
Parcel 23352F0194/00N003, Flanders. Linked by address, not a title deed.
1 establishment unit
bilici construct
since 20072.162.868.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0194/00N003 | Flanders | 329 m² | 1 · 110 m² | - |
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 4,020 companies in sector 43310 we hold annual accounts for 1,747. 1,419 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
Founded26-04-2007
Fiscal year end31-01
Activities, NACEBEL 2025
43310Plastering work
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889036474
Registered
28-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.