BOGDAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BOGDAN CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €182,134 and a net result of €82,731. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 28051 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
Profitability100▲+19
Solvency89▲+21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.06 against 1.73 in 2024; short-term debt: 29.5% and cash: 7.7% of total assets), and 35.8% of the assets are financed with debt.
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Signals
Four 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
64.2%
Return on assets
29.2%
Age of the figures
12 mo
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 06-04-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
58 d late
2023
8 d early
2022
47 d late
2021
2 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 14 days after 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
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€182,134▲ 83.2%
2024 · €99,403
Total assets
€283,520▲ 22.2%
2024 · €232,056
Net result
€82,731▲ 264%
2024 · €22,744
Working capital
€172,219▲ 123%
2024 · €77,344
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,093-€5,512▼ 91.7%€34,830▲ 532%€31,885▼ 8.5%€90,249▲ 183%
Net result€51,777-€4,388▼ 91.5%€24,493▲ 458%€22,744▼ 7.1%€82,731▲ 264%
Equity€47,777-€52,165▲ 9.2%€76,659▲ 47.0%€99,403▲ 29.7%€182,134▲ 83.2%
Total assets€78,281-€94,179▲ 20.3%€205,102▲ 118%€232,056▲ 13.1%€283,520▲ 22.2%
Debt€30,504-€42,013▲ 37.7%€128,443▲ 206%€132,654▲ 3.3%€101,386▼ 23.6%
Working capital€47,777-€51,563▲ 7.9%€60,960▲ 18.2%€77,344▲ 26.9%€172,219▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283,520
Fixed assets
€27,568 ▼ 43.4%
Current assets
€255,951 ▲ 39.6%
Equity and liabilities €283,520
Equity
€182,134 ▲ 83.2%
Debt
€101,386 ▼ 23.6%
Debt's share of the balance-sheet total falls from 57.2% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111,371▲
2024 · €45,675
Cash flow
€103,853▲
2024 · €36,534
Current ratio
3.06▲
2024 · 1.73
Debt to equity
0.56▼
2024 · 1.33
ROE
45.4%▲
2024 · 22.9%
ROA
29.2%▲
2024 · 9.8%
Interest coverage
386.93▲
2024 · 102.06
Debt ≤ 1 year
€83,732▼
2024 · €106,022
Debt > 1 year
€17,653▼
2024 · €26,631
Income taxes
€7,267▼
2024 · €8,694
Staff costs
€5,865▲
2024 · €5,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €506,924 | - | €551,480 | - |
| Remuneration, social security and pensions62 | - | €4,316 | €5,053 | €5,532 | €5,865 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €301 | €5,434 | €13,790 | €21,121 | ▲ 53.2% |
| Other operating charges640/8 | €1,424 | €1,345 | €1,912 | €3,821 | €5,557 | ▲ 45.4% |
| Gross operating margin9900 | €67,517 | €11,473 | €47,229 | €55,028 | €122,792 | ▲ 123% |
| Operating profit (loss)9901 | €66,093 | €5,512 | €34,830 | €31,885 | €90,249 | ▲ 183% |
| Financial income75/76B | €1,846 | - | - | - | €37 | - |
| Recurring financial income75 | €1,846 | - | - | - | €37 | - |
| Financial charges65/66B | €33 | €26 | €173 | €448 | €288 | ▼ 35.7% |
| Recurring financial charges65 | €33 | €26 | €173 | €448 | €288 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €67,906 | €5,485 | €34,656 | €31,438 | €89,999 | ▲ 186% |
| Income taxes67/77 | €16,129 | €1,097 | €10,163 | €8,694 | €7,267 | ▼ 16.4% |
| Profit (loss) for the period9904 | €51,777 | €4,388 | €24,493 | €22,744 | €82,731 | ▲ 264% |
| Profit (loss) for the period to be appropriated9905 | €51,777 | €4,388 | €24,493 | €22,744 | €82,731 | ▲ 264% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,281 | €94,179 | €205,102 | €232,056 | €283,520 | ▲ 22.2% |
| Fixed assets21/28 | - | €603 | €15,699 | €48,689 | €27,568 | ▼ 43.4% |
| Tangible fixed assets22/27 | - | €603 | €15,699 | €48,689 | €27,568 | ▼ 43.4% |
| Furniture and vehicles24 | - | €603 | €15,699 | €15,265 | €2,500 | ▼ 83.6% |
| Leasing and similar rights25 | - | - | - | €33,424 | €25,068 | ▼ 25.0% |
| Current assets29/58 | €78,281 | €93,576 | €189,403 | €183,367 | €255,951 | ▲ 39.6% |
| Amounts receivable within one year40/41 | €77,357 | €87,821 | €161,409 | €151,307 | €229,060 | ▲ 51.4% |
| Trade receivables40 | €37,446 | €25,786 | €84,485 | €98,866 | €137,276 | ▲ 38.9% |
| Other amounts receivable41 | €39,911 | €62,035 | €76,924 | €52,441 | €91,784 | ▲ 75.0% |
| Cash at bank and in hand54/58 | €924 | €1,974 | €24,957 | €28,894 | €21,838 | ▼ 24.4% |
| Deferred charges and accrued income490/1 | - | €3,781 | €3,037 | €3,166 | €5,053 | ▲ 59.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,281 | €94,179 | €205,102 | €232,056 | €283,520 | ▲ 22.2% |
| Equity10/15 | €47,777 | €52,165 | €76,659 | €99,403 | €182,134 | ▲ 83.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | - | - | - | - | - |
| Issued capital100 | €2,000 | - | - | - | - | - |
| Reserves13 | €200 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | €200 | €200 | = |
| Legal reserve130 | €200 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €200 | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | €45,577 | €49,965 | €74,459 | €97,203 | €179,934 | ▲ 85.1% |
| Amounts payable17/49 | €30,504 | €42,013 | €128,443 | €132,654 | €101,386 | ▼ 23.6% |
| Amounts payable after more than one year17 | - | - | - | €26,631 | €17,653 | ▼ 33.7% |
| Financial debts170/4 | - | - | - | €26,631 | €17,653 | ▼ 33.7% |
| Amounts payable within one year42/48 | €30,504 | €42,013 | €128,443 | €106,022 | €83,732 | ▼ 21.0% |
| Trade debts44 | €8,375 | €28,181 | €103,874 | €87,573 | €83,732 | ▼ 4.4% |
| Suppliers440/4 | €8,375 | €28,181 | €103,874 | €87,573 | €83,732 | ▼ 4.4% |
| Advances received on contracts in progress46 | - | - | €10,737 | €18,449 | - | - |
| Taxes, remuneration and social security45 | €16,129 | €7,832 | €7,832 | - | - | - |
| Taxes450/3 | €16,129 | €7,832 | €7,832 | - | - | - |
| Other amounts payable47/48 | €6,000 | €6,000 | €6,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,777 | €4,388 | €24,493 | €22,744 | €82,731 | ▲ 264% |
| + Depreciation and write-downs630 | - | €301 | €5,434 | €13,790 | €21,121 | ▲ 53.2% |
| Operating cash flow (approximation) | €51,777 | €4,690 | €29,927 | €36,534 | €103,853 | ▲ 184% |
| Investment in fixed assets (approximation) | - | - | -€20,530 | -€46,781 | €0 | ▲ 100% |
| Change in cash | - | €1,050 | €22,984 | €3,937 | -€7,056 | ▼ 279% |
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
06-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €82,731 ▲264%
Operating result €90,249, net result €82,731, both a record.
30-09
Financial
Equity above €150,000Eq €182,134 ▲83.2%
5 profitable years in a row build equity to €182,134.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 47 days late
2022
30-09
Financial
Weakest financial yearnet €4,388 ▼91.5%
Net result drops to €4,388, the lowest in the series; recovery starts the following year.
28-04
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 4 acts read
About the unread acts
We know of 4 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
4 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, Asse · 1 establishment unit since 2020
Ground area
5,237 m²
Building footprint
1,837 m²
Volume, LiDAR
163 m³
Parcel 23095C0184/00H015, Flanders · tallest building 5.2 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BOGDAN CONSTRUCT
since 20202.304.163.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0184/00H015 | Flanders | 5,237 m² | 1 · 1,837 m² | 5.2 m |
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 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,932 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
Founded15-05-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
43341Painting of buildings
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.