BSE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BSE CONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €7,887 and a net result of €2,105. Its solvency ranks better than 28% of 28051 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+21
Solvency52▼-30
Growth78
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,887▲ 36.4%
2024 · €5,781
Total assets
€29,374▲ 191%
2024 · €10,090
Net result
€2,105▲ 170%
2024 · €781
Working capital
€6,772▲ 17.1%
2024 · €5,781
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€984-€2,383▲ 142%
Net result€781-€2,105▲ 170%
Equity€5,781-€7,887▲ 36.4%
Total assets€10,090-€29,374▲ 191%
Debt€4,309-€21,488▲ 399%
Working capital€5,781-€6,772▲ 17.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 142% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29,374
Fixed assets
€1,115
Current assets
€28,260
Equity and liabilities €29,374
Equity
€7,887 ▲ 36.4%
Debt
€21,488 ▲ 399%
Debt's share of the balance-sheet total rises from 42.7% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,584
Cash flow
€2,306
Current ratio
1.32▼
2024 · 2.34
Debt to equity
2.72▲
2024 · 0.75
ROE
26.7%▲
2024 · 13.5%
ROA
7.2%▼
2024 · 7.7%
Interest coverage
39.60
Debt ≤ 1 year
€21,488▲
2024 · €4,309
Income taxes
€575▲
2024 · €195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €201 | - |
| Other operating charges640/8 | - | €400 | - |
| Gross operating margin9900 | €984 | €2,984 | ▲ 203% |
| Operating profit (loss)9901 | €984 | €2,383 | ▲ 142% |
| Financial income75/76B | €0 | €362 | ▲ 3,622,400% |
| Recurring financial income75 | €0 | €362 | ▲ 3,622,400% |
| Financial charges65/66B | €7 | €65 | ▲ 818% |
| Recurring financial charges65 | €7 | €65 | ▲ 818% |
| Profit (loss) for the period before taxes9903 | €976 | €2,680 | ▲ 174% |
| Income taxes67/77 | €195 | €575 | ▲ 194% |
| Profit (loss) for the period9904 | €781 | €2,105 | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | €781 | €2,105 | ▲ 170% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10,090 | €29,374 | ▲ 191% |
| Fixed assets21/28 | - | €1,115 | - |
| Tangible fixed assets22/27 | - | €1,115 | - |
| Plant, machinery and equipment23 | - | €1,115 | - |
| Current assets29/58 | €10,090 | €28,260 | ▲ 180% |
| Amounts receivable within one year40/41 | €8,400 | €28,139 | ▲ 235% |
| Trade receivables40 | - | €22,742 | - |
| Other amounts receivable41 | €8,400 | €5,397 | ▼ 35.8% |
| Cash at bank and in hand54/58 | €1,690 | €121 | ▼ 92.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10,090 | €29,374 | ▲ 191% |
| Equity10/15 | €5,781 | €7,887 | ▲ 36.4% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €781 | €2,887 | ▲ 270% |
| Amounts payable17/49 | €4,309 | €21,488 | ▲ 399% |
| Amounts payable within one year42/48 | €4,309 | €21,488 | ▲ 399% |
| Trade debts44 | €1,357 | €17,994 | ▲ 1,226% |
| Suppliers440/4 | €1,357 | €17,994 | ▲ 1,226% |
| Advances received on contracts in progress46 | €1,041 | €1,041 | = |
| Taxes, remuneration and social security45 | €229 | €770 | ▲ 236% |
| Taxes450/3 | €229 | €770 | ▲ 236% |
| Other amounts payable47/48 | €1,683 | €1,683 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €781 | €2,105 | ▲ 170% |
| + Depreciation and write-downs630 | - | €201 | - |
| Operating cash flow (approximation) | €781 | €2,306 | ▲ 195% |
| Change in cash | - | -€1,569 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Awans · 1 establishment unit since 2024
Ground area
1,408 m²
Building footprint
156 m²
Volume, LiDAR
1,107 m³
Parcel 62077A1147/00C000, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BSE CONSTRUCT
since 20242.360.230.724
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62077A1147/00C000 | Wallonia | 1,408 m² | 1 · 156 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Hoog Dakwerken
BE 1013.897.547
Zonhoven · Eq €7,875
Porebski Bouwwerken
BE 1005.989.671
Oostrozebeke · Eq €7,875
Dak & Gevel Watteny
BE 0758.961.256
Roeselare · Eq €7,899
CORTHOUT JOZEF
BE 0449.205.614
Meerhout · Eq €7,868
PAUL DAK CONSTRUCT
BE 0687.849.665
Antwerpen · Eq €7,908
Of 11,137 companies in sector 43910 we hold annual accounts for 5,491. 2,610 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43331Floor and wall tiling
43341Painting of buildings
Contact
E-mail
pbcarrelages@gmail.com
Phone
+32478681007
Phone
0478681007Awans
Scores and ratios are computed by Checked and are not a credit decision.