BOGDAN CONSTRUCT
ActiveSummary
BOGDAN CONSTRUCT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,726 and a net result of €32,915. Equity is shrinking by ~56.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 15% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+59
Solvency37▲+37
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.53 against 0.43 in 2023; short-term debt: 61.7% and cash: 6.5% of total assets), but 88.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.8%
Return on assets
20.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
134 d late
2022
67 d late
2021
117 d late
2020
114 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 93 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€18,726
2023 · -€58,689
Total assets
€158,717▲ 197%
2023 · €53,520
Net result
€32,915
2023 · -€27,000
Working capital
€52,134
2023 · -€57,255
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
Line20202021202220232024
Operating result-€2,596▲ 87.4%-€91,384▼ 3,420%€30,004-€17,757€50,294
Net result-€2,631▲ 89.9%-€97,759▼ 3,616%€22,855-€27,000€32,915
Equity€42,132▼ 5.9%-€54,544-€31,689▲ 41.9%-€58,689▼ 85.2%€18,726
Total assets€270,127▲ 48.7%€86,642▼ 67.9%€107,809▲ 24.4%€53,520▼ 50.4%€158,717▲ 197%
Debt€227,995▲ 66.5%€141,186▼ 38.1%€139,498▼ 1.2%€112,209▼ 19.6%€139,991▲ 24.8%
Working capital€18,175▲ 40.9%-€72,337-€30,197▲ 58.3%-€57,255▼ 89.6%€52,134
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €50,294 after a loss of €17,757 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158,717
Fixed assets
€8,592 ▼ 18.7%
Current assets
€150,125 ▲ 250%
Equity and liabilities €158,717
Equity
€18,726
Debt
€139,991
Debt finances 88.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€52,269▲
2023 · €1,737
Cash flow
€34,890▲
2023 · -€7,505
Current ratio
1.53▲
2023 · 0.43
Debt to equity
7.48▲
2023 · -1.91
ROE
175.8%
ROA
20.7%▲
2023 · -50.4%
Interest coverage
1.92▲
2023 · 0.19
Debt ≤ 1 year
€97,991▼
2023 · €100,209
Debt > 1 year
€12,000=
2023 · €12,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,594 | €21,406 | €20,940 | €19,495 | €1,975 | ▼ 89.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €256,998 | -€214,272 | €48,874 | - | - |
| Other operating charges640/8 | - | €1,675 | €3,805 | €1,845 | €1,456 | ▼ 21.1% |
| Gross operating margin9900 | €32,268 | €188,695 | -€159,523 | €52,456 | €53,725 | ▲ 2.4% |
| Operating profit (loss)9901 | -€2,596 | -€91,384 | €30,004 | -€17,757 | €50,294 | ▲ 383% |
| Financial income75/76B | - | €687 | €1,686 | €0 | €9,870 | ▲ 16,449,717% |
| Recurring financial income75 | €6,104 | €687 | €1,686 | €0 | €9,870 | ▲ 16,449,717% |
| Financial charges65/66B | - | €7,061 | €8,834 | €9,243 | €27,249 | ▲ 195% |
| Recurring financial charges65 | €6,139 | €7,061 | €8,834 | €9,243 | €27,249 | ▲ 195% |
| Profit (loss) for the period before taxes9903 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | ▲ 222% |
| Profit (loss) for the period9904 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | ▲ 222% |
| Profit (loss) for the period to be appropriated9905 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | ▲ 222% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,127 | €86,642 | €107,809 | €53,520 | €158,717 | ▲ 197% |
| Fixed assets21/28 | €58,856 | €39,693 | €25,015 | €10,566 | €8,592 | ▼ 18.7% |
| Tangible fixed assets22/27 | €58,856 | €39,693 | €20,015 | €5,566 | €3,592 | ▼ 35.5% |
| Plant, machinery and equipment23 | - | €7,100 | €2,842 | €5,566 | €3,591 | ▼ 35.5% |
| Furniture and vehicles24 | - | €4,442 | €3,099 | €0 | €0 | = |
| Leasing and similar rights25 | - | €28,150 | €14,075 | - | - | - |
| Financial fixed assets28 | - | - | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €211,271 | €46,949 | €82,794 | €42,953 | €150,125 | ▲ 250% |
| Amounts receivable within one year40/41 | €192,019 | €38,549 | €64,276 | €42,559 | €139,634 | ▲ 228% |
| Trade receivables40 | - | €18,700 | €39,316 | €16,626 | €111,435 | ▲ 570% |
| Other amounts receivable41 | - | €19,849 | €24,960 | €25,933 | €28,199 | ▲ 8.7% |
| Cash at bank and in hand54/58 | €19,091 | €8,239 | €8,357 | €233 | €10,330 | ▲ 4,329% |
| Deferred charges and accrued income490/1 | - | €161 | €10,161 | €161 | €161 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,127 | €86,642 | €107,809 | €53,520 | €158,717 | ▲ 197% |
| Equity10/15 | €42,132 | -€54,544 | -€31,689 | -€58,689 | €18,726 | ▲ 132% |
| Contributions10/11 | - | €7,283 | €7,283 | €7,283 | €7,283 | = |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €32,932 | -€64,828 | -€41,972 | -€68,972 | €8,443 | ▲ 112% |
| Amounts payable17/49 | €227,995 | €141,186 | €139,498 | €112,209 | €139,991 | ▲ 24.8% |
| Amounts payable after more than one year17 | €34,900 | €21,900 | €26,507 | €12,000 | €12,000 | = |
| Financial debts170/4 | - | €21,900 | €26,507 | €12,000 | €12,000 | = |
| Amounts payable within one year42/48 | €193,095 | €119,286 | €112,991 | €100,209 | €97,991 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €13,000 | €11,697 | €11,507 | - | - |
| Financial debts43 | - | €48,004 | €43,069 | €52,533 | €50,060 | ▼ 4.7% |
| Credit institutions430/8 | - | €48,004 | €43,069 | €52,533 | €50,060 | ▼ 4.7% |
| Trade debts44 | €83,048 | €58,282 | €57,918 | €16,305 | €23,057 | ▲ 41.4% |
| Suppliers440/4 | - | €58,282 | €57,918 | €16,305 | €23,057 | ▲ 41.4% |
| Advances received on contracts in progress46 | - | - | - | €19,623 | €19,623 | = |
| Taxes, remuneration and social security45 | - | - | - | - | €4,375 | - |
| Taxes450/3 | - | - | - | - | €4,375 | - |
| Other amounts payable47/48 | - | - | €308 | €241 | €876 | ▲ 264% |
| Accrued charges and deferred income492/3 | - | - | - | - | €30,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | ▲ 222% |
| + Depreciation and write-downs630 | €22,594 | €21,406 | €20,940 | €19,495 | €1,975 | ▼ 89.9% |
| Operating cash flow (approximation) | €19,963 | -€76,353 | €43,795 | -€7,505 | €34,890 | ▲ 565% |
| Investment in fixed assets (approximation) | - | -€2,242 | -€6,263 | -€5,046 | €0 | ▲ 100% |
| Change in cash | - | -€10,852 | €119 | -€8,124 | €10,097 | ▲ 224% |
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
2026
08-09
State Gazette act
Registered officeRegistered-office move · Director in office2 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office2 facts ▸
- Registered-office move, Lange Lozanastraat 110, 2018 Antwerpen
- Director in office, Marius RISNOVEANU (director)
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 104 days late
2024
31-12
Financial
Back to profitnet €32,915
Net result €32,915 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.53
Current ratio from 0.43 to 1.53; short-term debt falls from €100,209 to €97,991.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €22,855
Net result €22,855 after 3 loss-making years.
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 117 days late
2021
31-12
Financial
Weakest financial yearnet -€97,759
Net result drops to -€97,759, the lowest in the series; recovery starts the following year.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 38 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
Ground area
178 m²
Building footprint
104 m²
Volume, LiDAR
998 m³
Parcel 11810K1629/00H005, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BOGDAN
since 20112.194.565.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1629/00H005 | Flanders | 178 m² | 1 · 104 m² | 13.5 m · 3 fl. |
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. 5,114 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 (pre-2019)
Founded14-12-2010
Fiscal year end31-12
Abbreviation NL
BOGDAN
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
43410Roofing work
43422Screed work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.