Equity
BNG CONSTRUCT has made a profit in every financial year since 2017.
BNG CONSTRUCT has made a profit in every financial year since 2017.
The result rose in 2026 from €12,507 to €90,616.
BNG CONSTRUCT pays its suppliers 32 days later than in 2025. Customers pay 5 days later.
The 2024 accounts came latest: 54 days after the end of the period.
Directors left. Latest change 18-08-2026 · 1 in office.
Higher net result than 93% of companies in specialised construction. Sector median €11,578 · 1,072 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 43, micro). It does better than 47% of them on solvency, 22% on liquidity, 84% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as BNG CONSTRUCT has now. Each dot stands for 87 companies, two years later.
The bankruptcy probability of BNG CONSTRUCT itself is higher: 0.9% within 12 months. It rests on far more data about BNG CONSTRUCT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for BNG CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.6 (1.28 in 2025), above the usual 1.5. Short-term debt is 56.1% and cash 10.1% of total assets. However, 56.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BNG CONSTRUCT Ixelles | €0.5m | 27.4% | 43.9% | - |
| BUILD ECO Ixelles | - | - | 36.0% | - |
| ARIS TOCLE Ixelles | - | - | 48.2% | - |
| JORJ CONSTRUCT Koekelberg | - | - | 44.9% | - |
| BEL POL GROUP Anderlecht | - | - | 56.9% | - |
| Noxx28 Aalst | - | - | 27.9% | - |
| SCUTARASU DECORATION Frasnes-lez-Anvaing | €1.2m | 2.9% | 40.1% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BNG CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €354,000 and €487,000, founded between 2014 and 2016.
Solvency rose in 2026 from 33.0% to 43.9% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 35% of 35,125 companies in 2025.
Higher than 32% of 34,499 companies in 2025.
Higher than 43% of 34,700 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
400,191 | 258,322 | 403,771 | 174,035 | 271,579 | 233,546 | 134,067 | 76,955 | 138,752 | 57,393 | |
21/28 |
40,582 | 54,648 | 390 | 668 | 1,033 | 12,420 | 27,956 | 36,500 | 53,827 | 1,091 | |
22/27 |
40,192 | 54,258 | - | 278 | 643 | 12,030 | 27,566 | 36,110 | 53,437 | 1,001 | |
24 |
40,192 | 54,258 | - | 278 | 643 | 12,030 | 27,566 | 36,110 | 53,437 | 1,001 | |
28 |
390 | 390 | 390 | 390 | 390 | 390 | 390 | 390 | 390 | 90 | |
29/58 |
359,608 | 203,675 | 403,381 | 173,367 | 270,546 | 221,125 | 106,111 | 40,455 | 84,924 | 56,302 | |
40/41 |
300,616 | 176,065 | 155,233 | 79,490 | 181,671 | 135,774 | 48,987 | 24,084 | 50,768 | 21,423 | |
40 |
228,468 | 164,214 | 141,236 | 67,478 | 174,571 | 126,497 | 37,328 | 10,502 | 35,542 | 11,730 | |
41 |
72,148 | 11,852 | 13,997 | 12,011 | 7,100 | 9,277 | 11,659 | 13,581 | 15,225 | 9,693 | |
54/58 |
40,476 | 9,094 | 4,864 | 2,986 | 1,664 | 27,447 | 8,510 | 10,148 | 23,167 | 1,523 | |
490/1 |
18,516 | 18,516 | 243,284 | 90,891 | 87,210 | 57,904 | 48,614 | 6,223 | 10,989 | 33,356 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
400,191 | 258,322 | 403,771 | 174,035 | 271,579 | 233,546 | 134,067 | 76,955 | 138,752 | 57,393 | |
10/15 |
175,788 | 85,172 | 72,666 | 58,800 | 57,188 | 45,582 | 36,495 | 26,834 | 24,770 | 18,021 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
167,728 | 77,112 | 64,606 | 50,740 | 49,128 | 37,522 | 28,435 | 18,774 | 16,710 | 9,961 | |
17/49 |
224,403 | 173,150 | 331,105 | 115,235 | 214,390 | 187,964 | 97,572 | 50,121 | 113,981 | 39,372 | |
17 |
- | 13,577 | - | - | - | 6,564 | 13,648 | 20,653 | 27,581 | - | |
170/4 |
- | 13,577 | - | - | - | 6,564 | 13,648 | 20,653 | 27,581 | - | |
42/48 |
224,403 | 159,573 | 331,105 | 115,235 | 214,390 | 181,400 | 83,924 | 29,468 | 86,400 | 39,372 | |
42 |
21,907 | 24,060 | - | - | 6,564 | 7,084 | 7,006 | 6,928 | 6,851 | - | |
43 |
- | - | - | - | - | 327 | - | - | - | - | |
430/8 |
- | - | - | - | - | 327 | - | - | - | - | |
44 |
122,789 | 96,091 | 286,456 | 42,028 | 148,401 | 116,700 | 25,192 | 2,218 | 45,024 | 2,731 | |
440/4 |
122,789 | 2,474 | - | 1,219 | 13,196 | 8,339 | 3,245 | 600 | 25,215 | 128 | |
441 |
- | 93,617 | 286,456 | 40,809 | 135,206 | 108,361 | 21,947 | 1,619 | 19,809 | 2,604 | |
45 |
49,564 | 1,500 | 652 | 5,934 | 5,612 | 5,193 | 3,495 | 8,449 | 11,435 | 11,140 | |
450/3 |
34,864 | - | 652 | 234 | 212 | 193 | 195 | 49 | 160 | - | |
454/9 |
14,700 | 1,500 | - | 5,700 | 5,400 | 5,000 | 3,300 | 8,400 | 11,275 | 11,140 | |
47/48 |
30,142 | 37,922 | 43,997 | 67,273 | 53,813 | 52,096 | 48,232 | 11,872 | 23,090 | 25,501 | |
| Income statement | |||||||||||
70 |
500,831 | 369,588 | 387,292 | 302,852 | 446,218 | 374,694 | 326,767 | 345,023 | 388,476 | 464,474 | |
9900 |
158,661 | 21,642 | 22,396 | 6,790 | 30,217 | 32,586 | 33,280 | 25,156 | 32,756 | 22,128 | |
60/61 |
349,327 | 364,897 | 364,897 | 300,688 | 418,570 | 346,890 | 295,926 | 323,286 | 357,913 | 442,346 | |
62 |
36 | 935 | 922 | 1,210 | 1,256 | 1,435 | 872 | 1,608 | 349 | 1,618 | |
630 |
14,065 | 2,004 | 278 | 365 | 11,387 | 16,631 | 16,544 | 17,327 | 18,328 | 1,599 | |
640/8 |
7,422 | 876 | 913 | 1,023 | 1,078 | 1,128 | 1,039 | 847 | 2,435 | 455 | |
9901 |
137,138 | 17,828 | 20,284 | 4,192 | 16,496 | 13,392 | 14,825 | 5,373 | 11,644 | 18,456 | |
75/76B |
- | - | - | - | 0 | 0 | - | - | - | 1 | |
75 |
- | - | - | - | 0 | 0 | - | - | - | 1 | |
65/66B |
1,197 | 772 | 1,600 | 739 | 857 | 729 | 958 | 918 | 477 | 1,726 | |
65 |
1,197 | 772 | 1,600 | 739 | 857 | 729 | 958 | 918 | 477 | 1,726 | |
9903 |
135,941 | 17,057 | 18,684 | 3,453 | 15,640 | 12,663 | 13,867 | 4,455 | 11,167 | 16,731 | |
67/77 |
45,325 | 4,550 | 4,818 | 1,842 | 4,033 | 3,576 | 4,206 | 2,392 | 4,418 | 4,910 | |
9904 |
90,616 | 12,507 | 13,866 | 1,612 | 11,606 | 9,087 | 9,662 | 2,063 | 6,750 | 11,821 | |
9905 |
90,616 | 12,507 | 13,866 | 1,612 | 11,606 | 9,087 | 9,662 | 2,063 | 6,750 | 11,821 | |
| Appropriation of the result | |||||||||||
9906 |
167,728 | 77,112 | 64,606 | 50,740 | 49,128 | 37,522 | 28,435 | 18,774 | 16,710 | 11,821 | |
14P |
77,112 | 64,606 | 50,740 | 49,128 | 37,522 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
| Document | |||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 28-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570210 | |
| 31-03-2025 | micro format | 28-11-2025 | 2025-00572549 | |
| 31-03-2024 | full format | 24-12-2024 | 2024-00624054 | |
| 31-03-2023 | full format | 30-11-2023 | 2023-00520609 | |
| 31-03-2022 | full format | 09-11-2022 | 2022-20517832 | |
| 31-03-2021 | full format | 17-11-2021 | 2021-77500276 | |
| 31-03-2020 | full format | 30-11-2020 | 2020-73400556 | |
| 31-03-2019 | full format | 30-09-2019 | 2019-66900365 | |
| 31-03-2018 | full format | 28-09-2018 | 2018-66100557 | |
| 31-03-2017 | full format | 21-09-2017 | 2017-62300442 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 151,203 | 19,832 | 20,562 | 4,557 | 27,883 | 30,023 | 31,369 | 22,700 | 29,972 | 20,055 | ||
| 104,681 | 14,510 | 14,144 | 1,977 | 22,994 | 25,718 | 26,205 | 19,391 | 25,078 | 13,420 | ||
| 0 | 56,261 | 0 | 0 | 0 | 1,095 | 8,000 | 0 | 71,065 | 2,690 | ||
| 31,383 | 4,230 | 1,878 | 1,321 | -25,783 | 18,937 | -1,638 | -13,019 | 21,644 | - | ||
| 135,206 | 44,102 | 72,276 | 58,132 | 56,155 | 39,725 | 22,187 | 10,987 | -1,476 | 16,930 | ||
| 27.4% | 4.8% | 5.2% | 1.4% | 3.7% | 3.6% | 4.5% | 1.6% | 3.0% | 4.0% | ||
| 43.9% | 33.0% | 18.0% | 33.8% | 21.1% | 19.5% | 27.2% | 34.9% | 17.9% | 31.4% | ||
| 1.60 | 1.28 | 1.22 | 1.50 | 1.26 | 1.22 | 1.26 | 1.37 | 0.98 | 1.43 | ||
| 1.28 | 2.03 | 4.56 | 1.96 | 3.75 | 4.12 | 2.67 | 1.87 | 4.60 | 2.18 | ||
| 51.5% | 14.7% | 19.1% | 2.7% | 20.3% | 19.9% | 26.5% | 7.7% | 27.2% | 65.6% | ||
| 22.6% | 4.8% | 3.4% | 0.9% | 4.3% | 3.9% | 7.2% | 2.7% | 4.9% | 20.6% | ||
| over 100 | 25.70 | 12.85 | 6.17 | 32.55 | - | - | - | - | - | ||
| 167 days | 162 days | 133 days | 81 days | 143 days | 123 days | 42 days | 11 days | 33 days | 9 days | ||
| 128 days | 96 days | 287 days | 51 days | 129 days | 123 days | 31 days | 3 days | 46 days | 2 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €56,261 | - | - | - |
| €14,065 | €2,004 | €278 | €365 | €11,387 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 7.7 times that of 2025 and the highest since 2017. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total falls from 67.0% to 56.1%. Equity and debt are higher.
Older annual accounts also name 5 natural persons.
Source: shareholder structure in its own accounts
BNG CONSTRUCT has no parent and no holdings in its annual accounts. BURA Nicolae is the only director.
The network starts from the directors of BNG CONSTRUCT. Every other company they run is a node.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gen.Geneesheer Derachelaan 105 registered office 1050 Ixelles 2511001 Manufacture of metal structures and parts of structures | 07-10-2015 | 2.247.012.027 |
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. Use the enterprise number 0640.710.140
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