BMD CONSTRUCT
ActiveSummary
BMD CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,187 and a net result of €32,838. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency37▲+37
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.93 in 2024; short-term debt: 46.7% and cash: 7.8% of total assets), and 87.7% 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 · 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
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
12.3%
Return on assets
33.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
76 d early
2023
5 d early
2022
25 d early
2021
37 d early
2020
51 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 June (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,187
2024 · -€20,650
Total assets
€98,969▲ 66.7%
2024 · €59,355
Net result
€32,838▲ 282%
2024 · €8,606
Working capital
€10,049
2024 · -€2,226
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
Operating result€10,568▲ 444%-€52,266€6,831€12,814▲ 87.6%€35,892▲ 180%
Net result€9,742within the sector's middle half▲ 476%-€52,357below the sector's middle half€5,308within the sector's middle half€8,606within the sector's middle half▲ 62.1%€32,838above the sector's middle half▲ 282%
Equity€17,793below the sector's middle half▲ 121%-€34,564below the sector's middle half-€29,256below the sector's middle half▲ 15.4%-€20,650below the sector's middle half▲ 29.4%€12,187below the sector's middle half
Total assets€165,563within the sector's middle half▲ 23.5%€94,764within the sector's middle half▼ 42.8%€72,828within the sector's middle half▼ 23.1%€59,355below the sector's middle half▼ 18.5%€98,969within the sector's middle half▲ 66.7%
Debt€147,771▲ 17.2%€129,328▼ 12.5%€102,084▼ 21.1%€80,005▼ 21.6%€86,781▲ 8.5%
Working capital-€43,861below the sector's middle half▲ 28.9%-€77,180below the sector's middle half▼ 76.0%-€5,121below the sector's middle half▲ 93.4%-€2,226below the sector's middle half▲ 56.5%€10,049within the sector's middle half
Solvency10.7%below the sector's middle half▲ 4.7pp-36.5%below the sector's middle half▼ 47.2pp-40.2%below the sector's middle half▼ 3.7pp-34.8%below the sector's middle half▲ 5.4pp12.3%below the sector's middle half▲ 47.1pp
Current ratio0.64below the sector's middle half▲ 0.190.32below the sector's middle half▼ 0.320.83below the sector's middle half▲ 0.510.93below the sector's middle half▲ 0.091.22within the sector's middle half▲ 0.29
Return on assets (ROA)5.9%within the sector's middle half▲ 4.6pp-55.2%below the sector's middle half▼ 61.1pp7.3%within the sector's middle half▲ 62.5pp14.5%within the sector's middle half▲ 7.2pp33.2%above the sector's middle half▲ 18.7pp
Staff (FTE)1.5▼ 50.0%
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 2022 the operating result has climbed three years in a row; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,969
Fixed assets
€42,744 ▲ 36.2%
Current assets
€56,224 ▲ 101%
Equity and liabilities €98,969
Equity
€12,187
Debt
€86,781
Debt finances 87.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,345▲
2024 · €28,425
Cash flow
€50,290▲
2024 · €24,217
Debt to equity
7.12▲
2024 · -3.87
ROE
269.4%
Interest coverage
14.10▲
2024 · 6.30
Debt ≤ 1 year
€46,176▲
2024 · €30,203
Debt > 1 year
€40,590▼
2024 · €49,802
Income taxes
€170▼
2024 · €174
Staff costs
€0▼
2024 · €400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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 3,818 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €977 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €34,893 | €1,236 | €0 | €400 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,573 | €34,174 | €13,933 | €15,611 | €17,452 | ▲ 11.8% |
| Other operating charges640/8 | €257 | €1,445 | €1,553 | €1,554 | €1,791 | ▲ 15.2% |
| Non-recurring operating charges66A | €0 | - | - | - | €1,647 | - |
| Gross operating margin9900 | €77,292 | -€15,410 | €22,318 | €30,379 | €56,783 | ▲ 86.9% |
| Operating profit (loss)9901 | €10,568 | -€52,266 | €6,831 | €12,814 | €35,892 | ▲ 180% |
| Financial income75/76B | €474 | €521 | €708 | €478 | €900 | ▲ 88.2% |
| Recurring financial income75 | €474 | €521 | €708 | €478 | €900 | ▲ 88.2% |
| Financial charges65/66B | €585 | €424 | €2,059 | €4,512 | €3,784 | ▼ 16.1% |
| Recurring financial charges65 | €585 | €424 | €2,059 | €4,512 | €3,784 | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €10,457 | -€52,169 | €5,480 | €8,780 | €33,008 | ▲ 276% |
| Income taxes67/77 | €715 | €187 | €173 | €174 | €170 | ▼ 2.2% |
| Profit (loss) for the period9904 | €9,742 | -€52,357 | €5,308 | €8,606 | €32,838 | ▲ 282% |
| Profit (loss) for the period to be appropriated9905 | €9,742 | -€52,357 | €5,308 | €8,606 | €32,838 | ▲ 282% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,563 | €94,764 | €72,828 | €59,355 | €98,969 | ▲ 66.7% |
| Fixed assets21/28 | €87,315 | €57,661 | €46,989 | €31,378 | €42,744 | ▲ 36.2% |
| Tangible fixed assets22/27 | €87,315 | €57,661 | €46,989 | €31,378 | €42,744 | ▲ 36.2% |
| Plant, machinery and equipment23 | €1,488 | €697 | €1,714 | €1,100 | €2,307 | ▲ 110% |
| Furniture and vehicles24 | €51,931 | €28,810 | €22,863 | €13,608 | €29,509 | ▲ 117% |
| Other tangible fixed assets26 | €33,896 | €28,154 | €22,412 | €16,670 | €10,929 | ▼ 34.4% |
| Current assets29/58 | €78,248 | €37,103 | €25,839 | €27,977 | €56,224 | ▲ 101% |
| Amounts receivable within one year40/41 | €69,468 | €11,890 | €16,407 | €20,817 | €44,690 | ▲ 115% |
| Trade receivables40 | €64,160 | €7,401 | €7,059 | €11,214 | €27,421 | ▲ 145% |
| Other amounts receivable41 | €5,308 | €4,489 | €9,349 | €9,603 | €17,269 | ▲ 79.8% |
| Cash at bank and in hand54/58 | €4,548 | €20,479 | €6,865 | €2,694 | €7,734 | ▲ 187% |
| Deferred charges and accrued income490/1 | €4,233 | €4,735 | €2,567 | €4,466 | €3,800 | ▼ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,563 | €94,764 | €72,828 | €59,355 | €98,969 | ▲ 66.7% |
| Equity10/15 | €17,793 | -€34,564 | -€29,256 | -€20,650 | €12,187 | ▲ 159% |
| Contributions10/11 | €10,800 | €10,800 | €12,660 | €12,660 | €12,660 | = |
| Reserves13 | €6,993 | €6,993 | €5,133 | €5,133 | €5,133 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €5,133 | €5,133 | €5,133 | €5,133 | €5,133 | = |
| Profit (loss) carried forward14 | €0 | -€52,357 | -€47,049 | -€38,443 | -€5,606 | ▲ 85.4% |
| Amounts payable17/49 | €147,771 | €129,328 | €102,084 | €80,005 | €86,781 | ▲ 8.5% |
| Amounts payable after more than one year17 | €25,661 | €15,045 | €71,125 | €49,802 | €40,590 | ▼ 18.5% |
| Financial debts170/4 | €25,661 | €15,045 | €71,125 | €49,802 | €40,590 | ▼ 18.5% |
| Amounts payable within one year42/48 | €122,110 | €114,283 | €30,959 | €30,203 | €46,176 | ▲ 52.9% |
| Current portion of amounts payable after more than one year42 | €14,589 | €10,616 | €20,432 | €21,323 | €19,212 | ▼ 9.9% |
| Trade debts44 | €3,530 | €2,364 | €7,495 | €6,473 | €22,740 | ▲ 251% |
| Suppliers440/4 | €3,530 | €2,364 | €7,495 | €6,473 | €22,740 | ▲ 251% |
| Taxes, remuneration and social security45 | €918 | €2,171 | €173 | €2,408 | €4,223 | ▲ 75.4% |
| Taxes450/3 | €918 | €471 | €173 | €708 | €373 | ▼ 47.3% |
| Remuneration and social security454/9 | €0 | €1,700 | €0 | €1,700 | €3,850 | ▲ 126% |
| Other amounts payable47/48 | €103,072 | €99,133 | €2,859 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €15 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,742 | -€52,357 | €5,308 | €8,606 | €32,838 | ▲ 282% |
| + Depreciation and write-downs630 | €31,573 | €34,174 | €13,933 | €15,611 | €17,452 | ▲ 11.8% |
| Operating cash flow (approximation) | €41,315 | -€18,182 | €19,241 | €24,217 | €50,290 | ▲ 108% |
| Investment in fixed assets (approximation) | - | -€4,521 | -€3,262 | €0 | -€28,819 | - |
| Change in cash | - | €15,931 | -€13,614 | -€4,171 | €5,040 | ▲ 221% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €32,838 ▲282%
Operating result €35,892, net result €32,838, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,308
Net result €5,308 after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€52,357
Net result drops to -€52,357, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,691
Net result €1,691 after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Walhain · 1 establishment unit since 2005
Ground area
1,001 m²
Building footprint
164 m²
Parcel 25071C0641/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BMD CONSTRUCT
since 20052.148.159.822
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071C0641/00E000 | Wallonia | 1,000 m² | 1 · 164 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 20,026 companies in sector 43320 we hold annual accounts for 9,139. 5,090 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
Founded07-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43410Roofing work
Contact
E-mail
rbphilippe@skynet.beWalhain
Phone
0474/831126Walhain
Fax
010/659958Walhain
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874930102
Registered
15-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.