BIPAK CONSTRUCT
ActiveSummary
BIPAK CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €70,106 and a net result of €45,240. Its solvency ranks better than 57% of 240 sector peers (NACE 41, financial year 2026). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- €70,106
- Profit
- €45,240
Why 86raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 2.53, cash €78,978Equity €70,106 (61.1% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 70% on solvency, 85% on liquidity, 91% on profitability and 94% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: FLUTURU Adrian (director) ·…
Financials · financial year 2026, micro format
2025 to 2026, 2 financial years
The operating result rises in 2026; 2026 is 79% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 39,278 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.
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,519 | €1,101 | ▼ 27.5% |
| Other operating charges640/8 | - | €237 | - |
| Gross operating margin9900 | €40,068 | €70,406 | ▲ 75.7% |
| Operating profit (loss)9901 | €38,548 | €69,068 | ▲ 79.2% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €7,468 | €11,589 | ▲ 55.2% |
| Recurring financial charges65 | €7,468 | €11,589 | ▲ 55.2% |
| Profit (loss) for the period before taxes9903 | €31,081 | €57,479 | ▲ 84.9% |
| Income taxes67/77 | €6,216 | €12,239 | ▲ 96.9% |
| Profit (loss) for the period9904 | €24,865 | €45,240 | ▲ 81.9% |
| Profit (loss) for the period to be appropriated9905 | €24,865 | €45,240 | ▲ 81.9% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48,281 | €114,770 | ▲ 138% |
| Fixed assets21/28 | €2,885 | €1,784 | ▼ 38.2% |
| Tangible fixed assets22/27 | €2,885 | €1,784 | ▼ 38.2% |
| Furniture and vehicles24 | €2,885 | €1,784 | ▼ 38.2% |
| Current assets29/58 | €45,397 | €112,986 | ▲ 149% |
| Amounts receivable within one year40/41 | €29,328 | €34,009 | ▲ 16.0% |
| Trade receivables40 | €28,972 | €32,888 | ▲ 13.5% |
| Other amounts receivable41 | €356 | €1,121 | ▲ 214% |
| Cash at bank and in hand54/58 | €16,068 | €78,978 | ▲ 392% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48,281 | €114,770 | ▲ 138% |
| Equity10/15 | €24,865 | €70,106 | ▲ 182% |
| Profit (loss) carried forward14 | €24,865 | €70,106 | ▲ 182% |
| Amounts payable17/49 | €23,416 | €44,665 | ▲ 90.7% |
| Amounts payable within one year42/48 | €23,416 | €44,665 | ▲ 90.7% |
| Trade debts44 | €78 | €19,795 | ▲ 254× |
| Suppliers440/4 | €78 | €19,795 | ▲ 254× |
| Taxes, remuneration and social security45 | €21,216 | €22,239 | ▲ 4.8% |
| Taxes450/3 | €6,216 | €12,239 | ▲ 96.9% |
| Remuneration and social security454/9 | €15,000 | €10,000 | ▼ 33.3% |
| Other amounts payable47/48 | €2,122 | €2,631 | ▲ 24.0% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,865 | €45,240 | ▲ 81.9% |
| + Depreciation and write-downs630 | €1,519 | €1,101 | ▼ 27.5% |
| Operating cash flow (approximation) | €26,384 | €46,341 | ▲ 75.6% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €62,910 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 02-10-2026 | 2026-00543384 |
| 31-03-2025 | micro format | 09-10-2025 | 2025-00537695 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| FLUTURU Adrian |
|
Owners and capital
Capital and shareholders
- FLUTURU Adrian 100 shares (100%) · €1,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-04-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-04
Gazette deed
IncorporationAppointment: FLUTURU Adrian (director) · Board rule · Pre-incorporation commitments12 facts ▸
- Board rule, 1
- Director appointment, FLUTURU Adrian (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen door oprichter in haar naam binnen Wetboektermijnen” (deed in Dutch)
- Declaration, “uitvoering van het voorwerp, voorafgaande toelatingen,vergunningen of voorwaarden inzake toegang tot beroep kunnen vereist zijn” (deed in Dutch)
- Declaration, “nationaal register en inschrijvingsnummer, attest van burgerlijke stand” (deed in Dutch)
- Declaration, “juistheid gegevens” (deed in Dutch)
- Other provision, “digitaal afschrift, elektronische identiteitskaart of app ItsMe” (deed in Dutch)
- Incorporation, “BIPAK CONSTRUCT” (deed in Dutch)
- Founder, FLUTURU Adrian
- Founding capital, €1,000
- Other provision, “financieel plan en oprichtersaansprakelijkheid, ten minste twee jaar” (deed in Dutch)
- Other provision, “naleving voorwaarden oprichtingsakte, vaststelling door notaris dat akte voldoet” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1007.874.441
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44808H0052/00R006 | Flanders | 214 m² | 1 · 202 m² | 11.8 m · 3 |
| 21011A0041/00M000 | Brussels | 121 m² | 1 · 123 m² | 19.9 m · 6 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BIPAK CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, door toedoen van bestuur in bijlage tot Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, 100” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s),naar evenredigheid aantal bij meer kopers, elke overdracht onder…” (deed in Dutch)
- Membership ruleWho can become a member or partner, and on what terms.
- “Uittreding en uitsluiting, ten laste van vermogen overeenkomstig Wetboek” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 September at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed