BILL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BILL CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €72,593 and a net result of €15,108. Equity is growing by ~130.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 28254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+4
Solvency38=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.87 in 2024; short-term debt: 70.8% and cash: 28.7% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.1%
Return on assets
2.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
36 d early
2023
44 d early
2022
40 d early
2021
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#4 company by total assets in Héron, Construction sector
Turnover
€640,150
EBIT margin
3.4%
Net result
€15,108▼ 61.9%
2024 · €39,668
Working capital
-€36,481▲ 11.7%
2024 · -€41,297
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€640,150
Operating result-€25,274-€26,962€13,486▼ 50.0%€21,790▲ 61.6%€41,437▲ 90.2%
Net result-€31,708below the sector's middle half-€16,499within the sector's middle half€18,026within the sector's middle half▲ 9.3%€39,668above the sector's middle half▲ 120%€15,108within the sector's middle half▼ 61.9%
EBIT margin3.4%
Equity-€16,708below the sector's middle half--€209below the sector's middle half▲ 98.8%€17,818below the sector's middle half€57,485within the sector's middle half▲ 223%€72,593within the sector's middle half▲ 26.3%
Total assets€404,840above the sector's middle half-€391,870above the sector's middle half▼ 3.2%€409,522above the sector's middle half▲ 4.5%€448,971above the sector's middle half▲ 9.6%€553,607above the sector's middle half▲ 23.3%
Debt€421,548-€392,079▼ 7.0%€391,704▼ 0.1%€391,486▼ 0.1%€481,014▲ 22.9%
Working capital-€20,992below the sector's middle half--€6,851below the sector's middle half▲ 67.4%€14,085within the sector's middle half-€41,297below the sector's middle half-€36,481below the sector's middle half▲ 11.7%
Solvency-4.1%below the sector's middle half--0.1%below the sector's middle half▲ 4.1pp4.4%below the sector's middle half▲ 4.4pp12.8%below the sector's middle half▲ 8.5pp13.1%below the sector's middle half▲ 0.3pp
Current ratio0.93below the sector's middle half-0.98below the sector's middle half▲ 0.051.04below the sector's middle half▲ 0.070.87below the sector's middle half▼ 0.170.91below the sector's middle half▲ 0.03
Return on assets (ROA)-7.8%below the sector's middle half-4.2%within the sector's middle half▲ 12.0pp4.4%within the sector's middle half▲ 0.2pp8.8%within the sector's middle half▲ 4.4pp2.7%within the sector's middle half▼ 6.1pp
Staff (FTE)3.7-4.1▲ 10.8%3.4▼ 17.1%3.1▼ 8.8%3.5▲ 12.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553,607
Fixed assets
€198,399 ▲ 22.7%
Current assets
€355,208 ▲ 23.7%
Equity and liabilities €553,607
Equity
€72,593 ▲ 26.3%
Debt
€481,014 ▲ 22.9%
Debt's share of the balance-sheet total falls from 87.2% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113,470▲
2024 · €58,813
Cash flow
€87,140▲
2024 · €76,691
Debt to equity
6.63▼
2024 · 6.81
ROE
20.8%▼
2024 · 69.0%
Interest coverage
8.62▲
2024 · 5.23
Debt ≤ 1 year
€391,689▲
2024 · €328,544
Debt > 1 year
€89,010▲
2024 · €62,313
Income taxes
€13,170▲
2024 · -€78
Staff costs
€177,362▲
2024 · €160,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,273 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 | - | - | - | €640,150 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €420,292 | - | - |
| Remuneration, social security and pensions62 | - | €148,235 | €120,442 | €160,118 | €177,362 | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,820 | €49,116 | €28,422 | €37,023 | €72,033 | ▲ 94.6% |
| Other operating charges640/8 | - | €5,208 | €1,274 | €926 | €1,357 | ▲ 46.6% |
| Non-recurring operating charges66A | - | €1,264 | - | - | €9,530 | - |
| Gross operating margin9900 | €154,156 | €230,785 | €163,624 | €219,857 | €301,719 | ▲ 37.2% |
| Operating profit (loss)9901 | -€25,274 | €26,962 | €13,486 | €21,790 | €41,437 | ▲ 90.2% |
| Financial income75/76B | - | €6,652 | €21,896 | €29,266 | €4 | ▼ 100.0% |
| Recurring financial income75 | €199 | €20 | €419 | €16 | €4 | ▼ 76.6% |
| Non-recurring financial income76B | - | €6,631 | €21,477 | €29,250 | - | - |
| Financial charges65/66B | - | €10,995 | €13,331 | €11,466 | €13,164 | ▲ 14.8% |
| Recurring financial charges65 | €6,633 | €10,995 | €10,366 | €11,252 | €13,164 | ▲ 17.0% |
| Non-recurring financial charges66B | - | - | €2,965 | €214 | - | - |
| Profit (loss) for the period before taxes9903 | -€31,708 | €22,618 | €22,051 | €39,590 | €28,278 | ▼ 28.6% |
| Income taxes67/77 | - | €6,119 | €4,025 | -€78 | €13,170 | ▲ 16,946% |
| Profit (loss) for the period9904 | -€31,708 | €16,499 | €18,026 | €39,668 | €15,108 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | -€31,708 | €16,499 | €18,026 | €39,668 | €15,108 | ▼ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €404,840 | €391,870 | €409,522 | €448,971 | €553,607 | ▲ 23.3% |
| Formation expenses20 | €32 | - | - | - | - | - |
| Fixed assets21/28 | €122,130 | €96,247 | €63,823 | €161,725 | €198,399 | ▲ 22.7% |
| Tangible fixed assets22/27 | €122,130 | €96,247 | €63,823 | €161,725 | €198,399 | ▲ 22.7% |
| Plant, machinery and equipment23 | - | €9,553 | €14,361 | €98,205 | €82,792 | ▼ 15.7% |
| Furniture and vehicles24 | - | €86,694 | €49,461 | €63,520 | €115,607 | ▲ 82.0% |
| Current assets29/58 | €282,678 | €295,623 | €345,699 | €287,247 | €355,208 | ▲ 23.7% |
| Amounts receivable within one year40/41 | €76,799 | €76,876 | €141,402 | €161,000 | €196,124 | ▲ 21.8% |
| Trade receivables40 | - | €71,904 | €135,447 | €154,246 | €185,417 | ▲ 20.2% |
| Other amounts receivable41 | - | €4,971 | €5,955 | €6,754 | €10,707 | ▲ 58.5% |
| Cash at bank and in hand54/58 | €205,382 | €217,810 | €203,785 | €124,248 | €158,701 | ▲ 27.7% |
| Deferred charges and accrued income490/1 | - | €938 | €512 | €1,999 | €383 | ▼ 80.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €404,840 | €391,870 | €409,522 | €448,971 | €553,607 | ▲ 23.3% |
| Equity10/15 | -€16,708 | -€209 | €17,818 | €57,485 | €72,593 | ▲ 26.3% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | - | - | - | €40,000 | €57,500 | ▲ 43.8% |
| Distributable reserves133 | - | - | - | €40,000 | €57,500 | ▲ 43.8% |
| Profit (loss) carried forward14 | -€31,708 | -€15,209 | €2,818 | €2,485 | €93 | ▼ 96.3% |
| Amounts payable17/49 | €421,548 | €392,079 | €391,704 | €391,486 | €481,014 | ▲ 22.9% |
| Amounts payable after more than one year17 | €117,619 | €88,918 | €59,828 | €62,313 | €89,010 | ▲ 42.8% |
| Financial debts170/4 | - | €88,918 | €59,828 | €62,313 | €89,010 | ▲ 42.8% |
| Amounts payable within one year42/48 | €303,669 | €302,475 | €331,614 | €328,544 | €391,689 | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | €28,700 | €29,090 | €45,231 | €54,392 | ▲ 20.3% |
| Trade debts44 | €21,080 | €30,752 | €49,588 | €13,665 | €49,271 | ▲ 261% |
| Suppliers440/4 | - | €30,752 | €49,588 | €13,665 | €49,271 | ▲ 261% |
| Taxes, remuneration and social security45 | - | €15,708 | €33,562 | €22,885 | €27,341 | ▲ 19.5% |
| Taxes450/3 | - | €4,776 | €22,797 | €4,696 | €11,088 | ▲ 136% |
| Remuneration and social security454/9 | - | €10,932 | €10,765 | €18,190 | €16,253 | ▼ 10.6% |
| Other amounts payable47/48 | - | €227,314 | €219,374 | €246,763 | €260,685 | ▲ 5.6% |
| Accrued charges and deferred income492/3 | - | €686 | €262 | €629 | €314 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,708 | €16,499 | €18,026 | €39,668 | €15,108 | ▼ 61.9% |
| + Depreciation and write-downs630 | €34,820 | €49,116 | €28,422 | €37,023 | €72,033 | ▲ 94.6% |
| Operating cash flow (approximation) | €3,112 | €65,615 | €46,448 | €76,691 | €87,140 | ▲ 13.6% |
| Investment in fixed assets (approximation) | - | -€23,232 | €4,002 | -€134,925 | -€108,707 | ▲ 19.4% |
| Change in cash | - | €12,428 | -€14,025 | -€79,537 | €34,453 | ▲ 143% |
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
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €39,668 ▲120%
Net result €39,668, the highest in the series.
17-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €16,499
Net result €16,499 after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Héron · 1 establishment unit since 2020
Ground area
1,579 m²
Building footprint
125 m²
Parcel 61015C0840/00R000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Max Tannier 37, 4218 Héron
since 20202.308.423.420
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61015C0840/00R000 | Wallonia | 1,579 m² | 1 · 125 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 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,798 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
Founded12-10-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43110Demolition
43120Site preparation
82990Other business support services
96999Other personal services
Contact
E-mail
bill.construct@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756450243
Also
9925:BE0756450243
Registered
12-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.