BSB CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €5.0m. Estimated: probably between €3.4m and €8.2m.
Balance sheet
balance sheet total €5.1m on 31-12-2025in €m
in €m
Position in the sector
62.7%
Higher than 74% of 2,816 companies in 2025.
2.46
Higher than 70% of 2,745 companies in 2025.
36.6%
Higher than 93% of 2,781 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€63,006
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
5.1m | 2.7m | 2.4m | 2.3m | 2.1m | 1.8m | 1.1m | 318,793 | 261,215 | 188,227 | 155,096 | 279,189 | 391,725 | 169,677 | 519,389 | 269,330 | |
21/28 |
932,600 | 842,905 | 996,857 | 1.2m | 1.2m | 737,319 | 190,850 | 61,059 | 64,166 | 41,566 | 40,018 | 53,323 | 233,205 | 71,435 | 202,890 | 17,220 | |
21 |
62,112 | - | - | - | - | - | - | - | - | - | 1,666 | 3,333 | - | - | - | - | |
22/27 |
865,196 | 837,613 | 991,565 | 1.2m | 1.2m | 732,027 | 185,558 | 55,767 | 58,874 | 36,274 | 33,060 | 44,698 | 61,920 | 66,143 | 63,655 | 14,928 | |
22 |
676,472 | 698,997 | 831,026 | 940,607 | 1.0m | 545,126 | 82,592 | - | - | - | - | - | - | - | - | - | |
23 |
24,804 | 24,832 | 21,992 | 18,734 | 14,709 | 12,961 | 11,657 | 2,111 | 3,910 | 5,579 | 7,769 | 16,527 | 19,672 | 22,963 | 18,873 | 346 | |
24 |
81,574 | 24,564 | 33,796 | 98,530 | 105,086 | 138,738 | 91,309 | 53,656 | 54,964 | 29,642 | 23,185 | 25,012 | 42,248 | 43,180 | 44,782 | 14,582 | |
26 |
82,346 | 89,219 | 104,752 | 109,495 | 38,875 | 35,202 | - | - | - | - | - | - | - | - | - | - | |
28 |
5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 5,292 | 171,285 | 5,292 | 139,235 | 2,292 | |
29/58 |
4.1m | 1.9m | 1.4m | 1.1m | 893,099 | 1.1m | 927,312 | 257,734 | 197,049 | 146,661 | 115,078 | 225,866 | 158,520 | 98,242 | 316,499 | 252,110 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,578 | 44,372 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,578 | 28,325 | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,047 | - | |
40/41 |
2.5m | 1.5m | 1.0m | 955,814 | 690,980 | 728,689 | 748,553 | 255,999 | 195,127 | 95,981 | 114,511 | 211,364 | 138,059 | 80,402 | 253,108 | 184,047 | |
40 |
1.9m | 1.0m | 891,392 | 861,729 | 604,431 | 555,210 | 724,513 | 239,595 | 178,772 | 88,134 | 103,229 | 198,477 | 124,105 | 65,607 | 207,073 | 165,345 | |
41 |
626,647 | 458,561 | 118,815 | 94,085 | 86,549 | 173,479 | 24,040 | 16,404 | 16,355 | 7,847 | 11,282 | 12,887 | 13,954 | 14,795 | 46,035 | 18,702 | |
54/58 |
1.6m | 364,392 | 412,335 | 175,532 | 193,847 | 371,816 | 175,396 | - | - | 50,680 | - | 13,935 | 20,461 | 2,521 | 19,019 | 68,063 | |
490/1 |
9,258 | 19,120 | 15,504 | 14,805 | 8,272 | 11,746 | 3,363 | 1,735 | 1,922 | - | 567 | 567 | - | 9,741 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
5.1m | 2.7m | 2.4m | 2.3m | 2.1m | 1.8m | 1.1m | 318,793 | 261,215 | 188,227 | 155,096 | 279,189 | 391,725 | 169,677 | 519,389 | 269,330 | |
10/15 |
3.2m | 1.3m | 1.1m | 905,913 | 595,578 | 591,105 | 511,619 | 141,713 | 76,794 | 63,829 | 46,897 | 52,399 | 58,457 | 54,745 | 52,239 | 19,509 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | - | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 91 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 91 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
14 |
3.2m | 1.3m | 1.1m | 885,453 | 575,118 | 570,645 | 491,159 | 121,253 | 56,334 | 43,369 | 26,437 | 31,939 | 37,997 | 34,285 | 31,779 | 818 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,900 | 1,600 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,900 | 1,600 | |
17/49 |
1.9m | 1.4m | 1.3m | 1.4m | 1.5m | 1.3m | 606,543 | 177,080 | 184,421 | 124,398 | 108,199 | 226,790 | 333,268 | 114,932 | 459,250 | 248,221 | |
17 |
206,572 | 312,368 | 508,006 | 596,771 | 637,086 | 538,089 | 99,239 | 52,151 | 52,174 | 7,539 | - | - | 7,512 | 7,512 | 10,449 | - | |
170/4 |
206,572 | 312,368 | 508,006 | 596,771 | 637,086 | 538,089 | 99,239 | 52,151 | 52,174 | 7,539 | - | - | 7,512 | 7,512 | 10,449 | - | |
42/48 |
1.7m | 1.1m | 798,371 | 816,125 | 871,788 | 720,376 | 397,949 | 124,929 | 119,747 | 75,780 | 108,199 | 224,508 | 324,756 | 107,420 | 448,801 | 248,221 | |
42 |
264,118 | 367,900 | 393,662 | 377,569 | 464,191 | 268,865 | 167,590 | 16,892 | 5,260 | 4,980 | - | 4,720 | 645 | 2,937 | 2,780 | - | |
43 |
- | - | - | - | - | - | - | 36,688 | 5,660 | - | 10,961 | - | - | - | 29 | 2 | |
430/8 |
- | - | - | - | - | - | - | 36,688 | - | - | - | - | - | - | 29 | 2 | |
439 |
- | - | - | - | - | - | - | - | 5,660 | - | 10,961 | - | - | - | - | - | |
44 |
970,087 | 633,299 | 353,164 | 362,783 | 308,889 | 417,990 | 199,226 | 66,692 | 108,827 | 33,359 | 90,003 | 219,788 | 320,041 | 103,229 | 426,911 | 236,048 | |
440/4 |
970,087 | 633,299 | 353,164 | 362,783 | 308,889 | 417,990 | 199,226 | 66,692 | 108,827 | 33,359 | 90,003 | 219,788 | 320,041 | 103,229 | 426,911 | 236,048 | |
45 |
450,590 | 59,005 | 51,546 | - | 14,669 | 11,381 | 1,133 | 4,657 | - | 37,441 | 7,235 | - | 4,070 | 1,254 | 19,081 | 12,171 | |
450/3 |
450,590 | 57,127 | 51,546 | - | 14,669 | 11,381 | 1,133 | 4,657 | - | 5,441 | 7,235 | - | 4,070 | 1,254 | 18,850 | 3,528 | |
454/9 |
- | 1,878 | - | - | - | - | - | - | - | 32,000 | - | - | - | - | 231 | 8,643 | |
47/48 |
- | - | - | 75,773 | 84,039 | 22,140 | 30,000 | - | - | - | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | 109,355 | - | 12,500 | 41,079 | - | 2,282 | 1,000 | - | 0 | 0 | |
| Income statement | |||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,634 | - | 1,278 | |
9900 |
2.9m | 675,914 | 703,509 | 689,842 | 309,823 | 355,973 | 501,864 | 139,188 | 72,659 | 75,857 | 20,101 | 55,094 | 33,525 | 17,046 | 369,397 | 64,126 | |
62 |
189,017 | 150,172 | 92,954 | 15,961 | 4,804 | 5,468 | 103 | 195 | - | 576 | 124 | 777 | - | 2,446 | 68,164 | 47,663 | |
630 |
66,849 | 60,035 | 147,386 | 80,962 | 85,934 | 130,351 | 43,831 | 20,353 | 22,102 | 20,794 | 23,325 | 21,691 | 25,420 | 22,008 | 28,130 | 8,507 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 190,324 | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | -7,900 | 6,300 | 1,600 | |
640/8 |
36,407 | 42,064 | 56,611 | 25,797 | 7,573 | 16,126 | 11,933 | 4,352 | 15,989 | 3,698 | 1,172 | 2,141 | 3,219 | 2,656 | 12,360 | 1,719 | |
66A |
- | - | 4,939 | 27,927 | 7,255 | 21,736 | 1,972 | - | 5,611 | 202 | - | 22,574 | - | - | 387 | - | |
9901 |
2.6m | 423,643 | 401,620 | 539,195 | 204,258 | 182,292 | 444,025 | 114,288 | 28,957 | 50,587 | -4,520 | 30,485 | 4,886 | -2,164 | 64,119 | 4,637 | |
75/76B |
8,318 | 56 | 0 | 1 | 117 | 84 | 180 | - | 30 | 132 | 492 | 17 | 4 | 35 | 3,494 | 100 | |
75 |
8,318 | 56 | 0 | 1 | 117 | 84 | 180 | - | 30 | 132 | 492 | 17 | 4 | 35 | 3,494 | 100 | |
65/66B |
25,470 | 38,348 | 23,747 | 182,590 | 64,603 | 38,976 | 7,619 | 4,264 | 2,964 | 4,386 | 1,474 | 322 | 1,178 | 996 | 1,087 | 26 | |
65 |
25,470 | 38,348 | 23,747 | 182,590 | 64,603 | 38,976 | 7,619 | 4,264 | 2,964 | 4,386 | 1,474 | 322 | 1,178 | 996 | 1,087 | 26 | |
9903 |
2.6m | 385,351 | 377,872 | 356,605 | 139,772 | 143,400 | 436,586 | 110,024 | 26,023 | 46,333 | -5,502 | 7,606 | 3,712 | 2,509 | 66,139 | 5,989 | |
67/77 |
713,134 | 189,444 | 155,260 | 46,271 | 135,297 | 63,914 | 36,680 | 24,105 | 13,058 | 5,401 | - | 13,664 | - | 3 | 33,409 | 3,424 | |
9904 |
1.9m | 195,907 | 222,612 | 310,335 | 4,475 | 79,486 | 399,906 | 85,919 | 12,965 | 40,932 | -5,502 | -6,058 | 3,712 | 2,506 | 32,730 | 2,565 | |
9905 |
1.9m | 195,907 | 222,612 | 310,335 | 4,475 | 79,486 | 399,906 | 85,919 | 12,965 | 40,932 | -5,502 | -6,058 | 3,712 | 2,506 | 32,730 | 2,565 | |
| Appropriation of the result | |||||||||||||||||
9906 |
3.2m | 1.3m | 1.1m | 885,453 | 575,118 | 570,645 | 521,159 | 142,253 | 56,334 | 67,369 | 26,437 | 31,939 | 37,997 | 34,285 | 33,548 | 909 | |
14P |
1.3m | 1.1m | 885,453 | 575,118 | 570,643 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,769 | 91 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,769 | 91 | |
694/7 |
- | - | - | - | - | - | 30,000 | 21,000 | - | 24,000 | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 30,000 | 21,000 | - | 24,000 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
3 | - | 3.3 | - | - | - | - | - | - | - | - | - | - | - | 4.3 | 2.7 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,767 | 1,639 | |
| Document | |||||||||||||||||
The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467030.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00467030 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00458509 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00428875 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00359138 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20422918 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-54600495 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67400349 | |
| 31-12-2018 | full format | 08-08-2019 | 2019-45200550 | |
| 31-12-2017 | full format | 08-08-2018 | 2018-44600276 | |
| 31-12-2016 | full format | 14-09-2017 | 2017-61000308 | |
| 31-12-2015 | full format | 11-08-2016 | 2016-42400305 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-53400090 | |
| 31-12-2013 | full format | 07-10-2014 | 2014-64500247 | |
| 31-12-2012 | full format | 01-10-2013 | 2013-62000149 | |
| 31-12-2011 | full format | 12-07-2012 | 2012-31300391 | |
| 31-12-2010 | full format | 16-06-2011 | 2011-15900567 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.7m | 483,678 | 549,005 | 620,157 | 290,192 | 312,643 | 487,856 | 134,641 | 51,059 | 71,381 | 18,805 | 52,176 | 30,306 | 19,844 | 92,249 | 13,144 | ||
| 1.9m | 255,943 | 369,998 | 391,297 | 90,409 | 209,837 | 443,737 | 106,272 | 35,067 | 61,726 | 17,823 | 15,633 | 29,132 | 24,514 | 60,860 | 11,072 | ||
| 156,545 | 19,326 | 27,763 | 42,267 | 559,968 | 676,820 | 173,622 | 17,246 | 44,702 | 22,342 | 10,020 | 7,802 | 187,190 | 24,496 | 222,186 | 25,727 | ||
| 1.3m | -47,944 | 236,803 | -18,315 | -177,969 | 196,420 | - | - | - | - | - | -6,526 | 17,940 | -16,498 | -49,044 | - | ||
| 2.5m | 793,896 | 639,674 | 330,026 | 21,311 | 391,875 | 529,363 | 132,805 | 77,302 | 70,881 | 6,879 | 1,358 | -166,236 | -9,178 | -132,302 | 3,889 | ||
| 62.7% | 49.1% | 46.3% | 39.1% | 28.3% | 32.0% | 45.8% | 44.5% | 29.4% | 33.9% | 30.2% | 18.8% | 14.9% | 32.3% | 10.1% | 7.2% | ||
| 2.46 | 1.75 | 1.80 | 1.40 | 1.02 | 1.54 | 2.33 | 2.06 | 1.65 | 1.94 | 1.06 | 1.01 | 0.49 | 0.91 | 0.71 | 1.02 | ||
| 2.46 | 1.75 | 1.80 | 1.40 | 1.02 | 1.54 | 2.33 | 2.06 | 1.65 | 1.94 | 1.06 | 1.01 | 0.49 | 0.86 | 0.61 | 1.02 | ||
| 0.59 | 1.04 | 1.16 | 1.56 | 2.53 | 2.13 | 1.19 | 1.25 | 2.40 | 1.95 | 2.31 | 4.33 | 5.70 | 2.10 | 8.79 | 12.72 | ||
| 58.4% | 14.8% | 19.7% | 34.3% | 0.8% | 13.4% | 78.2% | 60.6% | 16.9% | 64.1% | -11.7% | -11.6% | 6.3% | 4.6% | 62.7% | 13.1% | ||
| 36.6% | 7.3% | 9.1% | 13.4% | 0.2% | 4.3% | 35.8% | 27.0% | 5.0% | 21.7% | -3.5% | -2.2% | 0.9% | 1.5% | 6.3% | 1.0% | ||
| over 100 | 12.61 | 23.12 | 3.40 | 4.49 | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €83,545 | €19,326 | €27,763 | €42,267 | €559,968 |
| Intangible fixed assets | €73,000 | - | - | - | - |
| €66,849 | €60,035 | €147,386 | €80,962 | €85,934 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BSB CONSTRUCT
The operating result for 2025 is 6.1 times that of 2024 and the highest since 2010. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 50.9% to 37.3%. Equity and debt are higher.
- 2025 Net result +848% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2022 Net result +6,835% on 2021. The accounts now follow the full format, last year the micro format.