BST CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of BST CONSTRUCTION is 2.0% (moderate). The 2025 annual accounts show equity of €76k and a net result of €39k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 7500 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+6
Solvency56▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.91 in 2024; short-term debt: 52.5% and cash: 50.1% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.2%
Return on assets
16.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-03-2026, 149 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
149 d early
2024
33 d early
2023
163 d early
2022
132 d early
2021
160 d early
← before the deadline
after the deadline →
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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€76k=
2024 · €76k
Total assets
€244k▼ 11.1%
2024 · €275k
Net result
€39k▲ 28.1%
2024 · €31k
Working capital
€14k
2024 · €-16k
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
Line20212022202320242025
Operating result€39k-€37k▼ 4.5%€34k▼ 9.3%€43k▲ 27.2%€57k▲ 32.3%
Net result€27k-€25k▼ 8.1%€22k▼ 13.7%€31k▲ 42.5%€39k▲ 28.1%
Equity€30k-€55k▲ 84.2%€76k▲ 39.5%€76k=€76k=
Total assets€132k-€199k▲ 50.6%€198k▼ 0.2%€275k▲ 38.4%€244k▼ 11.1%
Debt€102k-€144k▲ 40.9%€122k▼ 15.3%€199k▲ 62.3%€168k▼ 15.4%
Working capital€-10k-€13k€11k▼ 14.9%€-16k€14k
Staff (FTE)0.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€102k ▼ 9.4%
Current assets
€142k ▼ 12.4%
Equity and liabilities €244k
Equity
€76k =
Debt
€168k ▼ 15.4%
Debt's share of the balance-sheet total falls from 72.3% to 68.8%. Debt is lower.
Key figures and ratios
EBITDA
€95k▲
2024 · €72k
Cash flow
€77k▲
2024 · €60k
Current ratio
1.11▲
2024 · 0.91
Debt to equity
2.21▼
2024 · 2.61
ROE
51.6%▲
2024 · 40.3%
ROA
16.1%▲
2024 · 11.2%
Interest coverage
11.85▲
2024 · 9.30
Debt ≤ 1 year
€128k▼
2024 · €178k
Debt > 1 year
€34k▲
2024 · €13k
Income taxes
€10k▲
2024 · €6k
Staff costs
€43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €43k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €20k | €22k | €29k | €38k | ▲ 29.1% |
| Other operating charges640/8 | - | €1k | €3k | €2k | €2k | ▼ 24.5% |
| Gross operating margin9900 | €57k | €59k | €59k | €75k | €139k | ▲ 87.1% |
| Operating profit (loss)9901 | €39k | €37k | €34k | €43k | €57k | ▲ 32.3% |
| Financial income75/76B | - | - | €879 | €1k | €371 | ▼ 71.5% |
| Recurring financial income75 | €241 | - | €879 | €1k | €371 | ▼ 71.5% |
| Financial charges65/66B | - | €3k | €4k | €8k | €8k | ▲ 2.8% |
| Recurring financial charges65 | €1k | €3k | €4k | €8k | €8k | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €38k | €35k | €31k | €37k | €49k | ▲ 34.8% |
| Income taxes67/77 | €11k | €10k | €9k | €6k | €10k | ▲ 69.2% |
| Profit (loss) for the period9904 | €27k | €25k | €22k | €31k | €39k | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €27k | €25k | €22k | €31k | €39k | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €199k | €198k | €275k | €244k | ▼ 11.1% |
| Fixed assets21/28 | €39k | €71k | €86k | €113k | €102k | ▼ 9.4% |
| Tangible fixed assets22/27 | €39k | €71k | €86k | €113k | €102k | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €17k | €12k | €57k | €60k | ▲ 5.8% |
| Furniture and vehicles24 | - | €54k | €74k | €56k | €42k | ▼ 24.9% |
| Current assets29/58 | €93k | €128k | €113k | €162k | €142k | ▼ 12.4% |
| Stocks and contracts in progress3 | - | €25k | - | - | - | - |
| Contracts in progress37 | - | €25k | - | - | - | - |
| Amounts receivable within one year40/41 | €5k | €30k | €37k | €5k | €10k | ▲ 117% |
| Trade receivables40 | - | €30k | €37k | - | €357 | - |
| Other amounts receivable41 | - | - | - | €5k | €10k | ▲ 109% |
| Cash at bank and in hand54/58 | €85k | €68k | €72k | €153k | €122k | ▼ 20.1% |
| Deferred charges and accrued income490/1 | - | €5k | €3k | €4k | €9k | ▲ 134% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €199k | €198k | €275k | €244k | ▼ 11.1% |
| Equity10/15 | €30k | €55k | €76k | €76k | €76k | = |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €27k | €52k | €74k | €74k | €74k | = |
| Distributable reserves133 | - | €52k | €74k | €74k | €74k | = |
| Amounts payable17/49 | €102k | €144k | €122k | €199k | €168k | ▼ 15.4% |
| Amounts payable after more than one year17 | - | €28k | €21k | €13k | €34k | ▲ 160% |
| Financial debts170/4 | - | €28k | €21k | €13k | €34k | ▲ 160% |
| Amounts payable within one year42/48 | €102k | €115k | €102k | €178k | €128k | ▼ 28.0% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €55k | €17k | ▼ 68.5% |
| Trade debts44 | €47k | €51k | €19k | €39k | €518 | ▼ 98.7% |
| Suppliers440/4 | - | €51k | €19k | €39k | €518 | ▼ 98.7% |
| Taxes, remuneration and social security45 | - | €11k | €7k | €10k | €11k | ▲ 5.3% |
| Taxes450/3 | - | €11k | €7k | €1k | €5k | ▲ 292% |
| Remuneration and social security454/9 | - | - | - | €9k | €6k | ▼ 33.7% |
| Other amounts payable47/48 | - | €45k | €67k | €75k | €100k | ▲ 33.9% |
| Accrued charges and deferred income492/3 | - | €1k | - | €8k | €6k | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €25k | €22k | €31k | €39k | ▲ 28.1% |
| + Depreciation and write-downs630 | €16k | €20k | €22k | €29k | €38k | ▲ 29.1% |
| Operating cash flow (approximation) | €43k | €45k | €43k | €60k | €77k | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | €-52k | €-36k | €-57k | €-27k | ▲ 52.2% |
| Change in cash | - | €-17k | €4k | €81k | €-31k | ▼ 138% |
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
25-09
State Gazette act
Appointment: Murielle MARTIN (director)1 fact ▸
State Gazette act
Appointment: Murielle MARTIN (director)
1 fact ▸
- Director appointment, Murielle MARTIN (director)
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €39k ▲28.1%
Operating result €57k, net result €39k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €22k ▼13.7%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Murielle MARTIN
CurrentDirector · since 01-10-2026
01-10-2026
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Léglise · 1 establishment unit since 2020
Ground area
1,021 m²
Building footprint
197 m²
Volume, LiDAR
1,152 m³
Parcel 84004F0485/00E000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Notre-Dame,Les Fossés 29, 6860 Léglise
since 20202.310.244.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84004F0485/00E000 | Wallonia | 1,021 m² | 1 · 197 m² | 8.1 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.
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,200 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
Founded27-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.