Equity
€3.2m ▲ 140%
BSB CONSTRUCT has made a profit without a break since 2016.
BSB CONSTRUCT
Lifetime
16 annual accounts with figures on one time axispeak €2.9m (2025)
€2.9m▲ 326%
lowest -€6,058 (2014)
€1.9m▲ 848%
peak €3.2m (2025)
€3.2m▲ 140%
€1.9m▲ 37.8%
peak 4.3 FTE (2011)
3 FTE
Board1 name since 2020
1 directorBONAFFINI Silvio
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €675,914 to €2.9mResult from €195,907 to €1.9mEquity from €1.3m to €3.2mDebts from €1.4m to €1.9mInvestments €156,545Cash from €364,392 to €1.6m
Key points
from the 2025 annual accountsResult
€1.9m ▲ 848%
The result rose in 2025: different schema filed.
Debts
€1.9m ▲ 37.8%
Debts rose by €518,795 in 2025.
Investments
€156,545 2.3 × depreciation
Green is investment, beige is depreciation.
Filings
16 annual accounts since 2010
Ten of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
€1.9m
Higher net result than 95% of companies in construction of buildings. Sector median €19,043 · 2,810 companies.
Checked score
98
Excellent
Financially stronger than 84% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.7 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: 3 FTE, total assets €5.1m
Liquidity: current ratio 2.46, cash €1.6m
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 72% of them on solvency, 79% on liquidity, 91% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as BSB CONSTRUCT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of BSB CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for BSB 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.
Credit verdict
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.46 (1.75 in 2024), above the usual 1.5. Short-term debt is 33.2% and cash 32.2% of total assets. 37.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
30 days late
2022
28 days late
2021
31 days late
2020
24 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888146252
Resignation: BONAFFINI Silvio (manager)
Reappointment: BONAFFINI Silvio (director) · BONAFFINI Silvio holds all the shares · Registered office clause: rue de Namur, numéro 503, 6200 Châtelet · General meeting of 26-08-2020 · Gazette deed
First establishment
Rue de Namur 503A, Châtelet
Incorporation
published on 04-04-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BSB CONSTRUCT Châtelet | €5.1m | €2.9m | 62.7% | 3 |
| Tom De Smet Assenede | €4.8m | €1.7m | 84.1% | 3.5 |
| GLESNER André SA Bastogne | €4.4m | €1.7m | 57.9% | 6.5 |
| NACHTERGAELE KRISTOF Kluisbergen | €7.5m | €1.5m | 61.1% | 5.3 |
| LMV CONSTRUCT Zonnebeke | €4.5m | €1.2m | 28.4% | 6.3 |
| VERHOEVEN CONTRACTING Ravels | €10.5m | €1.4m | 31.1% | 4.6 |
| KENIS INDUSTRIEBOUW Antwerp | €4.8m | €1.7m | 78.1% | 4.3 |
These companies have the same main activity as BSB CONSTRUCT: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €4.4m and €11m, founded between 1989 and 2010.
Official details
Source: KBO- Status
- Active since 21-03-2007Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.189.632.8646200 Châtelet, since 21-05-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 11-04-2025
Insights on BSB CONSTRUCT
BSB CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €64,126 in 2010 to €2.9m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BSB CONSTRUCT
- What is the company number of BSB CONSTRUCT?
- The company number of BSB CONSTRUCT is 0888.146.252. The VAT number is the same number with BE in front: BE 0888.146.252.
- Where is BSB CONSTRUCT based?
- The registered office is at Rue de Namur 503, 6200 Châtelet.Company details
- What does BSB CONSTRUCT do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of BSB CONSTRUCT?
- BSB CONSTRUCT is a private limited company (BV).
- When was BSB CONSTRUCT founded?
- BSB CONSTRUCT was founded on 21-03-2007.
- Is BSB CONSTRUCT still active?
- Yes, BSB CONSTRUCT is an active enterprise in the KBO register.
- How many employees does BSB CONSTRUCT have?
- BSB CONSTRUCT had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BSB CONSTRUCT?
- The turnover in financial year 2025 is ≈ €5.0m. This figure is estimated from the gross margin of €2.9m and 1,585 comparable companies of the same size. It probably lies between €3.4m and €8.2m. It is a rough estimate.
- Is BSB CONSTRUCT profitable?
- In financial year 2025, BSB CONSTRUCT made a profit of €1.9m.
- Where can I find the annual accounts of BSB CONSTRUCT?
- BSB CONSTRUCT filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BSB CONSTRUCT due?
- BSB CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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