BSV CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €810,000 and €1.4m.
Balance sheet
balance sheet total €788,700 on 31-12-2025in euro
in euro
Position in the sector
71.8%
Higher than 81% of 9,974 companies in 2025.
1.63
Higher than 46% of 9,837 companies in 2025.
33.2%
Higher than 94% of 9,906 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
788,700 | 467,210 | 431,538 | 327,485 | 233,014 | 155,408 | 119,741 | 109,201 | 58,507 | 29,540 | |
21/28 |
431,693 | 176,094 | 207,763 | 121,146 | 80,894 | 30,021 | 22,210 | 25,902 | 5,725 | 1,547 | |
22/27 |
23,642 | 6,251 | 59,939 | 622 | 7,090 | 19,138 | 13,042 | 22,139 | 2,125 | 1,547 | |
23 |
- | 22 | 322 | 622 | 5,269 | 9,917 | 13,042 | 17,389 | - | - | |
24 |
23,642 | 6,229 | 59,617 | - | 1,821 | 9,221 | - | 4,750 | 2,125 | 1,547 | |
28 |
408,051 | 169,843 | 147,823 | 120,523 | 73,803 | 10,883 | 9,168 | 3,763 | 3,600 | - | |
29/58 |
357,007 | 291,116 | 223,775 | 206,340 | 152,120 | 125,387 | 97,531 | 83,299 | 52,782 | 27,993 | |
40/41 |
334,999 | 229,143 | 214,239 | 195,682 | 128,474 | 112,766 | 85,372 | 78,273 | 41,052 | 26,482 | |
40 |
46,104 | 36,568 | 54,882 | 47,988 | 1,020 | 4,308 | 288 | 21,924 | 2,815 | 11,007 | |
41 |
288,895 | 192,575 | 159,357 | 147,694 | 127,454 | 108,458 | 85,084 | 56,349 | 38,237 | 15,475 | |
54/58 |
15,080 | 56,387 | 6,224 | 9,947 | 22,927 | 11,390 | 11,991 | 4,883 | 11,730 | 1,511 | |
490/1 |
6,929 | 5,586 | 3,313 | 710 | 720 | 1,231 | 167 | 144 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
788,700 | 467,210 | 431,538 | 327,485 | 233,014 | 155,408 | 119,741 | 109,201 | 58,507 | 29,540 | |
10/15 |
566,667 | 304,697 | 192,354 | 173,582 | 133,181 | 81,804 | 68,575 | 53,191 | 55,091 | 25,485 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | - | |
1109/19 |
- | - | - | - | - | 6,200 | - | - | - | - | |
13 |
16,360 | 16,360 | 16,360 | 16,360 | 16,360 | 16,360 | 16,360 | 16,360 | 16,360 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
132 |
14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | - | |
14 |
544,107 | 282,137 | 169,794 | 151,022 | 110,621 | 59,244 | 46,015 | 30,631 | 32,531 | 17,425 | |
17/49 |
222,034 | 162,513 | 239,184 | 153,903 | 99,833 | 73,604 | 51,166 | 56,010 | 3,415 | 4,055 | |
17 |
- | - | - | 10,946 | 23,401 | 3,966 | 5,248 | 7,404 | - | - | |
170/4 |
- | - | - | 10,946 | 23,401 | 3,966 | 5,248 | 7,404 | - | - | |
42/48 |
218,434 | 158,913 | 236,784 | 142,957 | 76,432 | 69,638 | 44,717 | 48,607 | 3,415 | 4,055 | |
42 |
- | 1,976 | 11,952 | 12,456 | 14,624 | 7,705 | 2,156 | 2,101 | - | - | |
43 |
- | 6,281 | 26 | - | - | - | - | - | - | - | |
430/8 |
- | 6,281 | 26 | - | - | - | - | - | - | - | |
44 |
4,241 | 9,999 | 103,993 | 20,018 | 5,773 | 4,742 | 7,579 | 11,655 | 3,415 | 3,470 | |
440/4 |
4,241 | 9,999 | 103,993 | 20,018 | 5,773 | 4,742 | 7,579 | 11,655 | 3,415 | 3,470 | |
45 |
142,238 | 64,702 | 48,158 | 68,800 | 8,852 | 8 | 1,700 | 1,567 | - | 585 | |
450/3 |
142,238 | 64,667 | 48,123 | 67,565 | 8,852 | 8 | - | 1,217 | - | 585 | |
454/9 |
- | 35 | 35 | 1,235 | - | - | 1,700 | 350 | - | - | |
47/48 |
71,955 | 75,955 | 72,655 | 41,683 | 47,183 | 57,183 | 33,283 | 33,283 | - | - | |
492/3 |
3,600 | 3,600 | 2,400 | - | - | - | 1,200 | - | - | - | |
| Income statement | |||||||||||
9900 |
377,478 | 185,280 | 82,947 | 105,071 | 76,921 | 38,731 | 43,098 | 31,203 | 54,382 | 23,208 | |
630 |
5,417 | 1,800 | 2,010 | 6,468 | 12,047 | 10,204 | 9,097 | 11,222 | 3,672 | 2,791 | |
631/4 |
- | - | - | - | - | - | - | 10,998 | - | - | |
640/8 |
1,189 | 7,922 | 918 | 2,936 | 546 | 931 | 1,639 | 8,392 | 13,502 | 1,031 | |
9901 |
370,872 | 175,558 | 80,019 | 95,666 | 64,328 | 27,597 | 32,362 | 591 | 37,207 | 19,386 | |
75/76B |
6,700 | 2,511 | 1,333 | 1,157 | - | 0 | 0 | - | 0 | 0 | |
75 |
6,700 | 2,511 | 1,333 | 1,157 | - | 0 | 0 | - | 0 | 0 | |
65/66B |
26,649 | 20,324 | 13,275 | 5,351 | 3,231 | 3,139 | 4,350 | 2,491 | 335 | 101 | |
65 |
26,649 | 20,324 | 13,275 | 5,351 | 3,231 | 3,139 | 4,350 | 2,491 | 335 | 101 | |
9903 |
350,924 | 157,744 | 68,077 | 91,472 | 61,097 | 24,458 | 28,012 | -1,900 | 36,872 | 19,285 | |
67/77 |
88,954 | 45,401 | 19,305 | 51,071 | 9,720 | 1,229 | 12,628 | - | 7,266 | - | |
9904 |
261,970 | 112,343 | 48,771 | 40,401 | 51,377 | 23,229 | 15,384 | -1,900 | 29,606 | 19,285 | |
689 |
- | - | - | - | - | - | - | - | 14,500 | - | |
9905 |
261,970 | 112,343 | 48,771 | 40,401 | 51,377 | 23,229 | 15,384 | -1,900 | 15,106 | 19,285 | |
| Appropriation of the result | |||||||||||
9906 |
544,107 | 282,137 | 199,794 | 151,022 | 110,621 | 69,244 | 46,015 | 30,631 | 32,531 | 19,285 | |
14P |
282,137 | 169,794 | 151,022 | 110,621 | 59,244 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | 30,000 | - | - | 10,000 | - | - | - | - | |
694 |
- | - | 30,000 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | 10,000 | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 10 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, 2026-00490503.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00490503 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00459567 | |
| 31-12-2023 | full format | 09-09-2024 | 2024-00456344 | |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00447357 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20478488 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-63000212 | |
| 31-12-2019 | full format | 19-10-2020 | 2020-61900229 | |
| 31-12-2018 | full format | 21-11-2019 | 2019-74100276 | |
| 31-12-2017 | full format | 28-09-2018 | 2018-66000582 | |
| 31-12-2016 | full format | 06-09-2017 | 2017-60200319 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 376,290 | 177,358 | 82,029 | 102,135 | 76,375 | 37,801 | 41,459 | 11,813 | 40,880 | 22,177 | ||
| 267,387 | 114,143 | 50,781 | 46,870 | 63,424 | 33,433 | 24,481 | 9,322 | 33,278 | 22,077 | ||
| 261,016 | 23,531 | 88,627 | 46,720 | 62,920 | 18,871 | 5,405 | 31,399 | 7,850 | 3,095 | ||
| -41,308 | 50,163 | -3,723 | -12,980 | 11,537 | -601 | 7,108 | -6,847 | 10,219 | - | ||
| 138,574 | 132,203 | -13,009 | 63,382 | 75,688 | 55,748 | 52,813 | 34,693 | 49,366 | 23,938 | ||
| 71.8% | 65.2% | 44.6% | 53.0% | 57.2% | 52.6% | 57.3% | 48.7% | 94.2% | 86.3% | ||
| 1.63 | 1.83 | 0.95 | 1.44 | 1.99 | 1.80 | 2.18 | 1.71 | 15.45 | 6.90 | ||
| 0.39 | 0.53 | 1.24 | 0.89 | 0.75 | 0.90 | 0.75 | 1.05 | 0.06 | 0.16 | ||
| 46.2% | 36.9% | 25.4% | 23.3% | 38.6% | 28.4% | 22.4% | -3.6% | 53.7% | 75.7% | ||
| 33.2% | 24.0% | 11.3% | 12.3% | 22.0% | 14.9% | 12.8% | -1.7% | 50.6% | 65.3% | ||
| 14.12 | 8.73 | 6.18 | 19.09 | 23.64 | - | - | - | - | - |
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 | €22,808 | €1,512 | €61,327 | - | - |
| Financial fixed assets | €238,208 | €22,019 | €27,300 | €46,720 | €62,920 |
| €5,417 | €1,800 | €2,010 | €6,468 | €12,047 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BSV CONSTRUCT
The operating result for 2025 is 111% higher than in 2024 and the highest since 2016. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 34.8% to 28.2%. Equity and debt are higher.
- 2025 Net result +133% on 2024. The accounts now follow the abbreviated format, last year the full format.