BP ALLIANCE CONSTRUCT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 86 days after the deadline Filed on 25 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00567762.
Annual accounts 2025 filed on 25-10-2026 at the NBB all 7 filings
Turnover
≈ €160,000
Estimated: probably between €94,000 and €340,000
Total assets
€81,264▼ 2.5%
2024 · €83,312
Net result
€5,655▼ 9.0%
2024 · €6,213
Working capital
€36,959▲ 11.8%
2024 · €33,047
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€9,160
▼ 10.0%
2025
20192025
Net result
€5,655
▼ 9.0%
2025
middle half of the sector
20192025
Equity
€44,653
▲ 14.5%
2025
middle half of the sector
20192025
Total assets
€81,264
▼ 2.5%
2025
middle half of the sector
20192025
Debt
€36,612
▼ 17.4%
2025
20192025
Working capital
€36,959
▲ 11.8%
2025
middle half of the sector
20192025
Solvency
54.9%
▲ 8.1pp
2025
middle half of the sector
20192025
Current ratio
2.46
▲ 0.54
2025
middle half of the sector
20192025
Return on assets (ROA)
7.0%
▼ 0.5pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,080-€9,918▲ 143%€7,562▼ 23.8%€16,985▲ 125%€13,708▼ 19.3%€10,177▼ 25.8%€9,160▼ 10.0%
Net result€2,109-€6,787within the sector's middle half▲ 222%€1,968within the sector's middle half▼ 71.0%€11,635within the sector's middle half▲ 491%€8,287within the sector's middle half▼ 28.8%€6,213within the sector's middle half▼ 25.0%€5,655within the sector's middle half▼ 9.0%
Equity€4,109-€10,896below the sector's middle half▲ 165%€12,864below the sector's middle half▲ 18.1%€24,498within the sector's middle half▲ 90.4%€32,785within the sector's middle half▲ 33.8%€38,998within the sector's middle half▲ 18.9%€44,653within the sector's middle half▲ 14.5%
Total assets€35,683-€50,305below the sector's middle half▲ 41.0%€79,619within the sector's middle half▲ 58.3%€60,840below the sector's middle half▼ 23.6%€65,995below the sector's middle half▲ 8.5%€83,312within the sector's middle half▲ 26.2%€81,264within the sector's middle half▼ 2.5%
Debt€31,574-€39,409▲ 24.8%€66,756▲ 69.4%€36,342▼ 45.6%€33,210▼ 8.6%€44,315▲ 33.4%€36,612▼ 17.4%
Working capital€5,046-€11,024within the sector's middle half▲ 118%€6,727within the sector's middle half▼ 39.0%€22,241within the sector's middle half▲ 231%€32,987within the sector's middle half▲ 48.3%€33,047within the sector's middle half▲ 0.2%€36,959within the sector's middle half▲ 11.8%
Solvency11.5%-21.7%within the sector's middle half▲ 10.1pp16.2%below the sector's middle half▼ 5.5pp40.3%within the sector's middle half▲ 24.1pp49.7%within the sector's middle half▲ 9.4pp46.8%within the sector's middle half▼ 2.9pp54.9%within the sector's middle half▲ 8.1pp
Current ratio1.28-1.39within the sector's middle half▲ 0.111.11within the sector's middle half▼ 0.281.72within the sector's middle half▲ 0.612.07within the sector's middle half▲ 0.351.92within the sector's middle half▼ 0.152.46within the sector's middle half▲ 0.54
Return on assets (ROA)5.9%-13.5%within the sector's middle half▲ 7.6pp2.5%within the sector's middle half▼ 11.0pp19.1%above the sector's middle half▲ 16.7pp12.6%within the sector's middle half▼ 6.6pp7.5%within the sector's middle half▼ 5.1pp7.0%within the sector's middle half▼ 0.5pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 10% lower than in 2024. It is the third fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,264
Fixed assets
€18,916 ▲ 33.5%
Current assets
€62,349 ▼ 9.8%
Equity and liabilities €81,264
Equity
€44,653 ▲ 14.5%
Debt
€36,612 ▼ 17.4%
Debt's share of the balance-sheet total falls from 53.2% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,152▲
2024 · €12,251
Cash flow
€11,648▲
2024 · €8,287
Quick ratio
2.38▲
2024 · 1.92
Debt to equity
0.82▼
2024 · 1.14
ROE
12.7%▼
2024 · 15.9%
Interest coverage
10.07▼
2024 · 18.30
Debt ≤ 1 year
€25,390▼
2024 · €36,097
Debt > 1 year
€11,221▲
2024 · €8,217
Income taxes
€1,999▼
2024 · €3,295
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,223 | €1,718 | €272 | €13,743 | €10,740 |
| Financial fixed assets | - | - | - | €310 | - |
| Depreciation and write-downs of the year | €4,320 | €5,890 | €5,775 | €2,075 | €5,993 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €700 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,140 | €3,413 | €4,320 | €5,890 | €5,775 | €2,075 | €5,993 | ▲ 189% |
| Other operating charges640/8 | - | - | €2,807 | €2,487 | €3,257 | €982 | €836 | ▼ 14.8% |
| Non-recurring operating charges66A | - | - | €1,314 | - | - | - | - | - |
| Gross operating margin9900 | €8,560 | €20,975 | €16,002 | €25,363 | €22,740 | €13,233 | €15,989 | ▲ 20.8% |
| Operating profit (loss)9901 | €4,080 | €9,918 | €7,562 | €16,985 | €13,708 | €10,177 | €9,160 | ▼ 10.0% |
| Financial income75/76B | - | - | - | €1 | €66 | - | - | - |
| Recurring financial income75 | €4 | €22 | - | €1 | €66 | - | - | - |
| Financial charges65/66B | - | - | €4,524 | €1,712 | €2,450 | €669 | €1,505 | ▲ 125% |
| Recurring financial charges65 | €1,210 | €1,855 | €4,524 | €1,712 | €2,450 | €669 | €1,505 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €2,875 | €8,084 | €3,038 | €15,274 | €11,324 | €9,507 | €7,654 | ▼ 19.5% |
| Income taxes67/77 | €766 | €1,297 | €1,070 | €3,639 | €3,037 | €3,295 | €1,999 | ▼ 39.3% |
| Profit (loss) for the period9904 | €2,109 | €6,787 | €1,968 | €11,635 | €8,287 | €6,213 | €5,655 | ▼ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €2,109 | €6,787 | €1,968 | €11,635 | €8,287 | €6,213 | €5,655 | ▼ 9.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €35,683 | €50,305 | €79,619 | €60,840 | €65,995 | €83,312 | €81,264 | ▼ 2.5% |
| Fixed assets21/28 | €12,721 | €10,961 | €11,865 | €7,692 | €2,190 | €14,168 | €18,916 | ▲ 33.5% |
| Tangible fixed assets22/27 | €12,561 | €10,801 | €11,705 | €7,532 | €2,030 | €13,698 | €18,446 | ▲ 34.7% |
| Plant, machinery and equipment23 | - | - | €5,109 | €4,227 | €1,785 | €1,825 | €9,775 | ▲ 435% |
| Furniture and vehicles24 | - | - | €6,595 | €3,305 | €245 | €11,873 | €8,671 | ▼ 27.0% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | €470 | €470 | = |
| Current assets29/58 | €22,961 | €39,343 | €67,755 | €53,148 | €63,806 | €69,144 | €62,349 | ▼ 9.8% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €1,850 | - |
| Stocks30/36 | - | - | - | - | - | - | €1,850 | - |
| Amounts receivable within one year40/41 | €20,201 | €35,536 | €46,170 | €47,844 | €46,555 | €50,262 | €42,742 | ▼ 15.0% |
| Trade receivables40 | - | - | €42,165 | €32,836 | €34,602 | €30,360 | €28,559 | ▼ 5.9% |
| Other amounts receivable41 | - | - | €4,006 | €15,008 | €11,953 | €19,902 | €14,182 | ▼ 28.7% |
| Cash at bank and in hand54/58 | €2,492 | €3,808 | €21,584 | €4,924 | €16,706 | €18,169 | €16,324 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | - | - | €380 | €545 | €713 | €1,433 | ▲ 101% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €35,683 | €50,305 | €79,619 | €60,840 | €65,995 | €83,312 | €81,264 | ▼ 2.5% |
| Equity10/15 | €4,109 | €10,896 | €12,864 | €24,498 | €32,785 | €38,998 | €44,653 | ▲ 14.5% |
| Contributions10/11 | €2,000 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | - | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | - | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €1,109 | €7,896 | €9,864 | €21,498 | €29,785 | €35,998 | €41,653 | ▲ 15.7% |
| Amounts payable17/49 | €31,574 | €39,409 | €66,756 | €36,342 | €33,210 | €44,315 | €36,612 | ▼ 17.4% |
| Amounts payable after more than one year17 | €13,648 | €11,055 | €5,728 | €5,435 | €2,392 | €8,217 | €11,221 | ▲ 36.6% |
| Financial debts170/4 | - | - | €5,728 | €5,435 | €2,392 | €8,217 | €11,221 | ▲ 36.6% |
| Amounts payable within one year42/48 | €17,915 | €28,320 | €61,028 | €30,907 | €30,818 | €36,097 | €25,390 | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | - | €13,131 | €9,885 | €9,772 | €13,174 | €6,996 | ▼ 46.9% |
| Trade debts44 | €7,026 | €14,239 | €45,873 | €12,516 | €12,424 | €8,559 | €9,247 | ▲ 8.0% |
| Suppliers440/4 | - | - | €45,873 | €12,516 | €12,424 | €8,559 | €9,247 | ▲ 8.0% |
| Taxes, remuneration and social security45 | - | - | €626 | €7,489 | €6,676 | €13,017 | €6,955 | ▼ 46.6% |
| Taxes450/3 | - | - | €626 | €4,709 | €6,676 | €7,977 | €5,305 | ▼ 33.5% |
| Remuneration and social security454/9 | - | - | - | €2,780 | - | €5,040 | €1,650 | ▼ 67.3% |
| Other amounts payable47/48 | - | - | €1,399 | €1,016 | €1,946 | €1,347 | €2,192 | ▲ 62.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,109 | €6,787 | €1,968 | €11,635 | €8,287 | €6,213 | €5,655 | ▼ 9.0% |
| + Depreciation and write-downs630 | €3,140 | €3,413 | €4,320 | €5,890 | €5,775 | €2,075 | €5,993 | ▲ 189% |
| Operating cash flow (approximation) | €5,249 | €10,200 | €6,287 | €17,525 | €14,062 | €8,287 | €11,648 | ▲ 40.6% |
| Investment in fixed assets (approximation) | - | -€1,653 | -€5,223 | -€1,718 | -€272 | -€14,053 | -€10,740 | ▲ 23.6% |
| Change in cash | - | €1,315 | €17,777 | -€16,660 | €11,782 | €1,463 | -€1,845 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as BP ALLIANCE CONSTRUCT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BP ALLIANCE CONSTRUCT itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for BP ALLIANCE 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-10-2026 | 2026-00567762 | |
| 31-12-2024 | micro format | 26-11-2025 | 2025-00570836 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00368764 | |
| 31-12-2022 | micro format | 12-12-2023 | 2023-00526243 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20439634 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70200015 | |
| 31-12-2019 | micro format | 18-11-2020 | 2020-71000512 |