BO-CONSTRUCT
ActiveThe file of BO-CONSTRUCT contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 4.3% (elevated). The 2025 annual accounts show negative equity (-€89,368) and a net result of €15,590. Equity is shrinking by about 6.2% per year across the filed financial years.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449912.
Equity
-€89,368▲ 14.9%
2024 · -€104,957
Total assets
€55,114▼ 23.8%
2024 · €72,283
Net result
€15,590▲ 2,442%
2024 · €613
Working capital
-€82,742▼ 30.1%
2024 · -€63,592
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 506% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€17,634
2025
Net result€15,590
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€55,114
2025
Equity-€89,368
2025
Debt€144,481
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€82,742
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€68,491-€23,058-€54,387-€2,945▲ 94.6%-€3,045▼ 3.4%€18,618€2,910▼ 84.4%€17,634▲ 506%
Net result-€75,923-€20,892-€53,013-€10,471▲ 80.2%-€7,249▲ 30.8%€3,661€613▼ 83.2%€15,590▲ 2,442%
Equity-€59,391--€38,500▲ 35.2%-€91,512▼ 138%-€101,983▼ 11.4%-€109,232▼ 7.1%-€105,570▲ 3.4%-€104,957▲ 0.6%-€89,368▲ 14.9%
Total assets€21,137-€68,036▲ 222%€39,715▼ 41.6%€76,066▲ 91.5%€47,467▼ 37.6%€78,466▲ 65.3%€72,283▼ 7.9%€55,114▼ 23.8%
Debt€80,529-€106,535▲ 32.3%€131,227▲ 23.2%€178,049▲ 35.7%€156,698▼ 12.0%€184,036▲ 17.4%€177,240▼ 3.7%€144,481▼ 18.5%
Working capital-€60,080--€38,899▲ 35.3%-€95,128▼ 145%-€104,209▼ 9.5%-€110,185▼ 5.7%-€32,140▲ 70.8%-€63,592▼ 97.9%-€82,742▼ 30.1%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,114
Fixed assets
€4,504 ▲ 820%
Current assets
€50,610 ▼ 29.5%
Equity and liabilities
Equity-€89,368
Debt€144,481
Equity is negative: debt (€144,481) exceeds the balance-sheet total (€55,114).
Key figures and ratios
EBITDA
€17,820▲
2024 · €2,978
Cash flow
€15,775▲
2024 · €681
Solvency
-162.2%▼
2024 · -145.2%
Current ratio
0.38▼
2024 · 0.53
ROA
28.3%▲
2024 · 0.8%
Interest coverage
6.23▲
2024 · 0.83
Debt ≤ 1 year
€133,352▼
2024 · €135,385
Debt > 1 year
€11,129▼
2024 · €41,855
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €324 | €289 | €509 | €1,390 | €1,272 | €953 | €67 | €186 | ▲ 175% |
| Other operating charges640/8 | - | - | - | €642 | €187 | €926 | €1,116 | €916 | ▼ 17.9% |
| Gross operating margin9900 | -€66,600 | €24,100 | -€53,609 | -€912 | -€1,585 | €20,497 | €4,094 | €18,736 | ▲ 358% |
| Operating profit (loss)9901 | -€68,491 | €23,058 | -€54,387 | -€2,945 | -€3,045 | €18,618 | €2,910 | €17,634 | ▲ 506% |
| Financial income75/76B | - | - | - | €337 | €786 | €2,644 | €1,297 | €816 | ▼ 37.1% |
| Recurring financial income75 | €5 | - | €6,719 | €337 | €786 | €2,644 | €1,297 | €816 | ▼ 37.1% |
| Financial charges65/66B | - | - | - | €7,863 | €4,989 | €16,150 | €3,594 | €2,861 | ▼ 20.4% |
| Recurring financial charges65 | €6,869 | €2,167 | €5,344 | €7,863 | €4,989 | €16,150 | €3,594 | €2,861 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | -€75,355 | €20,892 | -€53,013 | -€10,471 | -€7,249 | €5,111 | €613 | €15,590 | ▲ 2,442% |
| Income taxes67/77 | €568 | - | - | - | - | €1,450 | - | - | - |
| Profit (loss) for the period9904 | -€75,923 | €20,892 | -€53,013 | -€10,471 | -€7,249 | €3,661 | €613 | €15,590 | ▲ 2,442% |
| Profit (loss) for the period to be appropriated9905 | -€75,923 | €20,892 | -€53,013 | -€10,471 | -€7,249 | €3,661 | €613 | €15,590 | ▲ 2,442% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,137 | €68,036 | €39,715 | €76,066 | €47,467 | €78,466 | €72,283 | €55,114 | ▼ 23.8% |
| Fixed assets21/28 | €688 | €399 | €3,616 | €2,226 | €953 | - | €490 | €4,504 | ▲ 820% |
| Tangible fixed assets22/27 | €688 | €399 | €3,616 | €2,226 | €953 | - | €490 | €304 | ▼ 37.9% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | €490 | €304 | ▼ 37.9% |
| Furniture and vehicles24 | - | - | - | €2,226 | €953 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | - | €4,200 | - |
| Current assets29/58 | €20,449 | €67,637 | €36,099 | €73,840 | €46,513 | €78,466 | €71,794 | €50,610 | ▼ 29.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €20,329 | - | - |
| Stocks30/36 | - | - | - | - | - | - | €17,864 | - | - |
| Contracts in progress37 | - | - | - | - | - | - | €2,465 | - | - |
| Amounts receivable within one year40/41 | €13,730 | €39,446 | €23,578 | €73,366 | €39,303 | €59,083 | €49,110 | €44,052 | ▼ 10.3% |
| Trade receivables40 | - | - | - | €67,503 | €30,480 | €38,958 | €31,959 | €31,090 | ▼ 2.7% |
| Other amounts receivable41 | - | - | - | €5,863 | €8,823 | €20,125 | €17,151 | €12,962 | ▼ 24.4% |
| Cash at bank and in hand54/58 | €6,719 | €27,472 | €11,808 | - | €6,990 | €18,851 | €1,985 | €6,327 | ▲ 219% |
| Deferred charges and accrued income490/1 | - | - | - | €474 | €220 | €532 | €370 | €231 | ▼ 37.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,137 | €68,036 | €39,715 | €76,066 | €47,467 | €78,466 | €72,283 | €55,114 | ▼ 23.8% |
| Equity10/15 | -€59,391 | -€38,500 | -€91,512 | -€101,983 | -€109,232 | -€105,570 | -€104,957 | -€89,368 | ▲ 14.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €4,132 | €4,132 | €4,132 | €4,132 | €4,132 | €4,132 | €4,132 | €4,132 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €2,272 | €2,272 | €2,272 | €2,272 | €2,272 | = |
| Profit (loss) carried forward14 | -€75,923 | -€55,032 | -€108,044 | -€118,515 | -€125,764 | -€122,102 | -€121,489 | -€105,899 | ▲ 12.8% |
| Amounts payable17/49 | €80,529 | €106,535 | €131,227 | €178,049 | €156,698 | €184,036 | €177,240 | €144,481 | ▼ 18.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €72,580 | €41,855 | €11,129 | ▼ 73.4% |
| Trade debts175 | - | - | - | - | - | €72,580 | €41,855 | €11,129 | ▼ 73.4% |
| Amounts payable within one year42/48 | €80,529 | €106,535 | €131,227 | €178,049 | €156,698 | €110,606 | €135,385 | €133,352 | ▼ 1.5% |
| Financial debts43 | - | - | - | €31,914 | €46,235 | €44,307 | €44,307 | €41,307 | ▼ 6.8% |
| Credit institutions430/8 | - | - | - | €31,914 | €46,235 | €44,307 | €44,307 | €41,307 | ▼ 6.8% |
| Trade debts44 | €50,311 | €38,648 | €81,891 | €132,950 | €100,443 | €59,293 | €85,503 | €88,145 | ▲ 3.1% |
| Suppliers440/4 | - | - | - | €132,950 | €100,443 | €59,293 | €85,503 | €88,145 | ▲ 3.1% |
| Advances received on contracts in progress46 | - | - | - | €833 | €833 | €833 | €833 | €833 | = |
| Taxes, remuneration and social security45 | - | - | - | €12,199 | €9,035 | €6,020 | €4,589 | €3,041 | ▼ 33.7% |
| Taxes450/3 | - | - | - | €12,199 | €9,035 | €6,020 | €4,589 | €3,041 | ▼ 33.7% |
| Other amounts payable47/48 | - | - | - | €153 | €153 | €153 | €153 | €26 | ▼ 83.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €850 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€75,923 | €20,892 | -€53,013 | -€10,471 | -€7,249 | €3,661 | €613 | €15,590 | ▲ 2,442% |
| + Depreciation and write-downs630 | €324 | €289 | €509 | €1,390 | €1,272 | €953 | €67 | €186 | ▲ 175% |
| Operating cash flow (approximation) | -€75,600 | €21,181 | -€52,504 | -€9,081 | -€5,976 | €4,615 | €681 | €15,775 | ▲ 2,217% |
| Investment in fixed assets (approximation) | - | €0 | -€3,726 | €0 | €0 | - | - | -€4,200 | - |
| Change in cash | - | €20,753 | -€15,664 | - | - | €11,861 | -€16,865 | €4,341 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00449912 |
| 31-12-2024 | abbreviated format | 15-12-2025 | 2025-00586607 |
| 31-12-2023 | abbreviated format | 14-08-2025 | 2025-00394359 |
| 31-12-2022 | micro format | 27-03-2024 | 2024-00053336 |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20198942 |
| 31-12-2020 | micro format | 08-12-2021 | 2021-79700479 |
| 31-12-2019 | micro format | 09-09-2020 | 2020-52700097 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56100107 |
| 31-12-2017 | micro format | 19-12-2018 | 2018-75400274 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59900064 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 19,852 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,196. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.