BORODICONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BORODICONSTRUCT is 2.9% (moderate). The 2025 annual accounts show equity of €161,138 and a net result of €270,004. Equity is growing by about 47% per year across the filed financial years. Its solvency ranks better than 70% of 2,436 sector peers (NACE 43, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €161,138
- Profit
- €270,004
Why 52raises riskLast filed accounts filed 78 days late; 3 of the last 3 lateSize: turnover €2.1m, total assets €276,847Sector: Specialised construction activities (NACE 43)Founded in 2018Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 64% on solvency, 25% on liquidity, 77% on profitability and 92% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 71 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2019 to 2025net €270,004 ▲1,701%
- Liquidity more than doubledcurrent ratio 2.71
Financials · financial year 2025, full format
2025 annual accounts filed late (78 days) Filed on 17 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564940.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has risen four years in a row; 2025 is nearly 12 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,972 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.2m | €0.5m | €0.6m | - | €1.0m | €1.4m | €2.1m | ▲ 48.5% |
| Non-recurring operating income76A | - | - | - | €1.0m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0.6m | €1.0m | €0.9m | €1.4m | €1.8m | ▲ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.004m | €0.004m | €0.01m | €0.01m | €0.02m | €0.007m | €0.01m | ▲ 56.5% |
| Other operating charges640/8 | - | - | €357 | €348 | €384 | €0.003m | €0.001m | ▼ 44.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.01m | - | - |
| Gross operating margin9900 | €0.007m | €0.007m | €0.01m | €0.02m | €0.03m | €0.04m | €0.3m | ▲ 551% |
| Operating profit (loss)9901 | €0.002m | €0.002m | €0.003m | €0.01m | €0.01m | €0.02m | €0.3m | ▲ 12× |
| Financial income75/76B | - | - | - | - | €0.001m | €0.001m | - | - |
| Recurring financial income75 | - | - | - | - | €0.001m | €0.001m | - | - |
| Financial charges65/66B | - | - | €0.001m | €0.001m | €0.002m | €354 | €92 | ▼ 74.1% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | €354 | €92 | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | €0.001m | €0.001m | €0.002m | €0.009m | €0.01m | €0.02m | €0.3m | ▲ 11× |
| Income taxes67/77 | - | - | - | - | €0.004m | €0.009m | - | - |
| Profit (loss) for the period9904 | €0.001m | €0.001m | €0.002m | €0.009m | €0.007m | €0.01m | €0.3m | ▲ 18× |
| Profit (loss) for the period to be appropriated9905 | €0.001m | €0.001m | €0.002m | €0.009m | €0.007m | €0.01m | €0.3m | ▲ 18× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €33,295 | €120,810 | €121,344 | €231,113 | €341,507 | €317,661 | €276,847 | ▼ 12.8% |
| Fixed assets21/28 | €17,661 | €26,894 | €38,554 | €25,130 | €49,089 | €33,982 | €22,680 | ▼ 33.3% |
| Tangible fixed assets22/27 | €17,359 | €26,591 | €38,251 | €24,827 | €48,787 | €33,680 | €22,377 | ▼ 33.6% |
| Furniture and vehicles24 | - | - | €38,251 | €24,827 | €48,787 | €33,680 | €22,377 | ▼ 33.6% |
| Financial fixed assets28 | €303 | €303 | €303 | €303 | €303 | €303 | €303 | = |
| Current assets29/58 | €15,634 | €93,917 | €82,790 | €205,983 | €292,418 | €283,678 | €254,167 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €8,379 | €33,853 | €59,065 | €193,596 | €261,931 | €249,812 | €250,780 | ▲ 0.4% |
| Trade receivables40 | - | - | €51,167 | €170,333 | €222,421 | €184,496 | €142,997 | ▼ 22.5% |
| Other amounts receivable41 | - | - | €7,898 | €23,263 | €39,510 | €65,316 | €107,783 | ▲ 65.0% |
| Cash at bank and in hand54/58 | €7,254 | €60,063 | €23,726 | €12,387 | €30,487 | €33,866 | €3,387 | ▼ 90.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €33,295 | €120,810 | €121,344 | €231,113 | €341,507 | €317,661 | €276,847 | ▼ 12.8% |
| Equity10/15 | €7,704 | €9,110 | €10,895 | €19,706 | €26,491 | €41,483 | €161,138 | ▲ 288% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | - | - |
| Capital10 | - | - | €6,500 | €6,500 | €6,500 | €6,500 | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | €12,100 | €12,100 | €12,100 | €12,100 | - | - |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Non-distributable reserves130/1 | - | - | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Legal reserve130 | - | - | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Profit (loss) carried forward14 | €204 | €1,610 | €3,395 | €12,206 | €18,991 | €33,983 | €161,138 | ▲ 374% |
| Amounts payable17/49 | €25,590 | €111,701 | €110,449 | €211,407 | €315,016 | €276,178 | €115,709 | ▼ 58.1% |
| Amounts payable after more than one year17 | €15,058 | €11,066 | €20,659 | €11,430 | €32,793 | €31,367 | €22,084 | ▼ 29.6% |
| Financial debts170/4 | - | - | €20,659 | €11,430 | €32,793 | €31,367 | €22,084 | ▼ 29.6% |
| Amounts payable within one year42/48 | €10,532 | €100,635 | €89,790 | €199,978 | €282,223 | €244,810 | €93,625 | ▼ 61.8% |
| Current portion of amounts payable after more than one year42 | - | - | €8,968 | €9,229 | €14,740 | - | - | - |
| Financial debts43 | - | - | - | - | - | - | €22,835 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €22,835 | - |
| Trade debts44 | €595 | €95,576 | €79,211 | €185,171 | €261,646 | €192,724 | - | - |
| Suppliers440/4 | - | - | - | - | €40,666 | €192,724 | - | - |
| Bills of exchange payable441 | - | - | €79,211 | €185,171 | €220,980 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,612 | €5,577 | €5,836 | €52,086 | €70,790 | ▲ 35.9% |
| Taxes450/3 | - | - | €1,612 | €5,577 | €5,836 | €52,086 | €70,790 | ▲ 35.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,204 | €1,405 | €1,785 | €8,811 | €6,785 | €14,992 | €270,004 | ▲ 18× |
| + Depreciation and write-downs630 | €4,340 | €4,340 | €11,144 | €13,424 | €21,681 | €7,222 | €11,303 | ▲ 56.5% |
| Operating cash flow (approximation) | €5,544 | €5,745 | €12,929 | €22,235 | €28,467 | €22,214 | €281,307 | ▲ 13× |
| Investment in fixed assets (approximation) | - | -€13,572 | -€22,804 | €0 | -€45,641 | €7,885 | €0 | ▼ 100% |
| Change in cash | - | €52,809 | -€36,338 | -€11,338 | €18,099 | €3,379 | -€30,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-10-2026 | 2026-00564940 |
| 31-12-2024 | full format | 13-10-2025 | 2025-00540572 |
| 31-12-2023 | full format | 09-10-2024 | 2024-00501247 |
| 31-12-2022 | full format | 23-09-2023 | 2023-00452243 |
| 31-12-2021 | full format | 30-09-2022 | 2022-20450290 |
| 31-12-2020 | full format | 22-01-2022 | 2022-01600499 |
| 31-12-2019 | full format | 16-07-2020 | 2020-31100081 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BORODI Daniel-Grigore |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-02
Gazette deed
Resignation: BORODI Daniel-Grigore (manager)Appointment: BORODI Daniel-Grigore (director) · Capital conversion · Reserve release9 facts ▸
- General meeting, 07-12-2023
- Other provision, “adaptation des statuts au CSA et conservation de la forme légale, adapter les statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible, compte de capitaux propres “apports non appelés”” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Director resignation, BORODI Daniel-Grigore (manager)
- Director appointment, BORODI Daniel-Grigore (director (not named in the articles))
- Director discharge, BORODI Daniel-Grigore
- Registered office clause, “1070 Anderlecht, Avenue Gounod 72” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0712.710.963
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21308H0473/00X002 | Brussels | 123 m² | 1 · 62 m² | 13.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BORODICONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs personnes physiques ou morales actionnaires ou non” (deed in French)“Portée aux frais généraux indépendamment des frais éventuels de représentation voyages et déplacements, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises s'ils sont…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Émission d'actions nouvelles à souscrire en numéraire, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of May
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed