BRU-CONSTRUCT
ActiveSummary
BRU-CONSTRUCT has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,356) and a net result of €9,104. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 5% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€37,356
- Profit
- €9,104
Why 56raises riskCapped at 59: negative equityNegative equity -€37,356lowers riskSize: total assets €28,671Founded in 2003Legal form: public limited companyShow the evidence
Checked score
About 3 in 1,000 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 68, micro): better than 5% on solvency, 59% on liquidity, 95% on profitability and 75% on growth.
The bankruptcy probability was computed on 25-10-2026 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 22 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- PurposePurpose change · Amendment of…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is nearly 8.3 times 2024.
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 68, Real estate 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 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,475 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 3,795 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 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €31,029 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €11,078 | €63 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €38 | €1,000 | €6,935 | €1,000 | €1,000 | = |
| Other operating charges640/8 | - | - | €1,406 | - | €1,084 | €19,424 | €1,114 | ▼ 94.3% |
| Gross operating margin9900 | €848 | -€969 | -€17,357 | €112,729 | €3,392 | €21,583 | €11,674 | ▼ 45.9% |
| Operating profit (loss)9901 | -€619 | -€1,298 | -€18,801 | €100,651 | -€4,691 | €1,159 | €9,561 | ▲ 725% |
| Financial income75/76B | - | - | - | €2,990 | - | - | - | - |
| Recurring financial income75 | - | - | - | €2,990 | - | - | - | - |
| Financial charges65/66B | - | - | €3,217 | €5,152 | €278 | €245 | €309 | ▲ 26.0% |
| Recurring financial charges65 | €316 | €321 | €3,217 | €5,152 | €278 | €245 | €309 | ▲ 26.0% |
| Profit (loss) for the period before taxes9903 | -€935 | -€1,619 | -€22,017 | €98,489 | -€4,968 | €913 | €9,252 | ▲ 913% |
| Income taxes67/77 | - | - | €9 | €0 | €878 | €327 | €147 | ▼ 54.9% |
| Profit (loss) for the period9904 | -€935 | -€1,619 | -€22,026 | €98,489 | -€5,846 | €587 | €9,104 | ▲ 16× |
| Profit (loss) for the period to be appropriated9905 | -€935 | -€1,619 | -€22,026 | €98,489 | -€5,846 | €587 | €9,104 | ▲ 16× |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €320,715 | €321,865 | €296,820 | €231,922 | €134,518 | €85,793 | €28,671 | ▼ 66.6% |
| Fixed assets21/28 | €0 | - | €4,962 | €3,962 | €52,572 | €1,962 | €962 | ▼ 51.0% |
| Tangible fixed assets22/27 | €0 | - | €4,962 | €3,962 | €52,572 | €1,962 | €962 | ▼ 51.0% |
| Land and buildings22 | - | - | €4,962 | €3,962 | €2,962 | €1,962 | €962 | ▼ 51.0% |
| Furniture and vehicles24 | - | - | - | - | €49,610 | - | - | - |
| Current assets29/58 | €320,715 | €321,865 | €291,857 | €227,960 | €81,946 | €83,831 | €27,709 | ▼ 66.9% |
| Stocks and contracts in progress3 | €269,540 | €269,540 | €269,540 | €0 | - | - | - | - |
| Stocks30/36 | - | - | €269,540 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €46,445 | €47,443 | €17,580 | €2,868 | €2,954 | €82,674 | €26,989 | ▼ 67.4% |
| Trade receivables40 | - | - | €3,889 | €2,084 | €2,084 | €70,809 | €3,600 | ▼ 94.9% |
| Other amounts receivable41 | - | - | €13,691 | €784 | €869 | €11,866 | €23,389 | ▲ 97.1% |
| Current investments50/53 | €4,464 | €4,464 | €4,464 | €4,464 | €4,464 | - | - | - |
| Cash at bank and in hand54/58 | €0 | €418 | €259 | €220,613 | €70,960 | €141 | €720 | ▲ 410% |
| Deferred charges and accrued income490/1 | - | - | €15 | €15 | €3,568 | €1,015 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €320,715 | €321,865 | €296,820 | €231,922 | €134,518 | €85,793 | €28,671 | ▼ 66.6% |
| Equity10/15 | -€132,450 | -€117,664 | -€139,690 | -€41,201 | -€47,047 | -€46,460 | -€37,356 | ▲ 19.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €3,207 | €3,207 | €3,207 | €3,207 | €3,207 | €3,207 | €3,207 | = |
| Non-distributable reserves130/1 | - | - | €3,207 | €3,207 | €3,207 | €3,207 | €3,207 | = |
| Legal reserve130 | - | - | €3,207 | €3,207 | €3,207 | €3,207 | €3,207 | = |
| Profit (loss) carried forward14 | -€235,657 | -€220,871 | -€242,897 | -€144,408 | -€150,254 | -€149,667 | -€140,563 | ▲ 6.1% |
| Amounts payable17/49 | €453,164 | €439,529 | €436,510 | €273,123 | €181,565 | €132,253 | €66,027 | ▼ 50.1% |
| Amounts payable after more than one year17 | €417,730 | €371,219 | €356,716 | €259,370 | €177,170 | €121,047 | €62,547 | ▼ 48.3% |
| Financial debts170/4 | - | - | €356,716 | €259,370 | €177,170 | €121,047 | €62,547 | ▼ 48.3% |
| Amounts payable within one year42/48 | €35,435 | €68,310 | €79,794 | €13,752 | €3,892 | €11,143 | €3,413 | ▼ 69.4% |
| Current portion of amounts payable after more than one year42 | - | - | €14,503 | - | - | - | - | - |
| Trade debts44 | €13,950 | €8,596 | €1,906 | €2,026 | €1,256 | €3,961 | €688 | ▼ 82.6% |
| Suppliers440/4 | - | - | €1,906 | €2,026 | €1,256 | €3,961 | €688 | ▼ 82.6% |
| Advances received on contracts in progress46 | - | - | €10,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,558 | €377 | €4,447 | €906 | ▼ 79.6% |
| Taxes450/3 | - | - | - | €705 | €377 | €4,447 | €906 | ▼ 79.6% |
| Remuneration and social security454/9 | - | - | - | €853 | - | - | - | - |
| Other amounts payable47/48 | - | - | €53,384 | €10,168 | €2,258 | €2,735 | €1,819 | ▼ 33.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €503 | €64 | €67 | ▲ 5.0% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€935 | -€1,619 | -€22,026 | €98,489 | -€5,846 | €587 | €9,104 | ▲ 16× |
| + Depreciation and write-downs630 | - | - | €38 | €1,000 | €6,935 | €1,000 | €1,000 | = |
| Operating cash flow (approximation) | -€935 | -€1,619 | -€21,988 | €99,489 | €1,088 | €1,587 | €10,104 | ▲ 537% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€55,545 | €49,610 | €0 | ▼ 100% |
| Change in cash | - | - | -€159 | €220,354 | -€149,653 | -€70,819 | €579 | - |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00136846 |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00348672 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00375971 |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00147644 |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20442395 |
| 31-12-2020 | micro format | 08-12-2021 | 2021-79600094 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57700235 |
| 31-12-2017 | micro format | 06-08-2018 | 2018-43800271 |
| 31-12-2016 | micro format | 10-10-2017 | 2017-67100020 |
| 31-12-2015 | full format | 19-10-2016 | 2016-66200075 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 18-11-2025 Capital stated in the deed · €100,000 · 250 shares
Group and network
Connections & network
No directors read yet: 1 of 11 Gazette acts processed.
History
Acts, filings and financial milestones
18-11
Gazette deed
PurposePurpose change · Amendment of the articles · Capital4 facts ▸
- General meeting, “assemblée générale extraordinaire des actionnaires” (deed in French)
- Purpose change
- Amendment of the articles (2 times)
- Capital, €100,000
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 10 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 25 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 0862.142.928
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 |
|---|---|---|---|---|
| 21614H0011/00G005 | Brussels | 5,869 m² | 1 · 2,090 m² | 30.7 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La société a pour objet en Belgique et à l’étranger l'achat, l'échange, la vente, la prise en location et en sous-location, la gérance ainsi…” (deed in French)
9 activities (deed in French)
- La société a pour objet en Belgique et à l’étranger l'achat, l'échange, la vente, la prise en location et en sous-location, la gérance ainsi que la cession en location et en sous-location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que toutes opérations de financement.
- Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître de l'ouvrage ou entrepreneur général, et effectuer, éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l'étude et l'aménagement de lotissements y compris la construction de routes et égouts; souscrire des engagements en tant que conseiller en construction (études de génie civil et des divers équipements techniques des immeubles); acheter tous matériaux, signer tous contrats d'entreprises qui seraient nécessaires; réaliser toutes opérations de change, commission et courtage, ainsi que la gérance d'immeubles.
- Elle peut acheter, exploiter et construire tant pour elle-même que pour des tiers, par location ou autrement, tous parkings, garages, station-service et d'entretien.
- La conception, l'invention, la fabrication, la construction, l'importation, l'exportation l'achat et la vente, la distribution, l'entretien, l'exploitation tant en nom propre qu'en qualité d'agent, de commissionnaire ou de courtier de tout bien immobilier accessoire aux biens immobiliers visés au numéro un;
- L’achat, la vente, l’importation, l’exportation, la distribution, la commercialisation de matériaux de construction, électronique, informatique, décoration et tout ce qui touche le secteur de la construction.
- La prestation de tous services dans le cadre de son objet, y compris la gestion de patrimoine.
- La société peut réaliser son objet en tous lieux, en Belgique ou à l'étranger, de toutes manières et suivants les modalités qui lui paraîtront les mieux appropriées.
- Elle peut faire, tant pour elle-même que pour compte de tiers, tous actes et opérations financières, industrielles, mobilières ou immobilières se rattachant directement ou indirectement en tout ou en partie à son objet, ou pouvant en amener le développement ou en faciliter la réalisation, notamment sans que la désignation soit limitative; prêter, emprunter, hypothéquer, acquérir ou céder tous brevets, patentes, licences, marques; s'intéresser par voie d'apport, de cession, de souscription, de participation, de fusion, d'achat d'actions ou autres valeurs, ou par toutes autres voies dans toutes sociétés, entreprises ou associations existantes ou à créer, dont l'objet est identique, analogue, similaire ou connexe à tout ou partie de celui de la présente société, exercer la gérance d'autres sociétés.
- Elle peut prêter à toutes sociétés et/ou personnes physiques et se porter caution pour elles, même hypothécairement.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BRU-CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 21 : Représentation de la société Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateur unique, totalité des pouvoirs d'administration” (deed in French)“Conseil d'administration, simple notification au conseil” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Actions de la société” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- 2 provisions in the deed