Equity
BSV CONSTRUCT has made a profit without a break since 2019.
BSV CONSTRUCT has made a profit without a break since 2019.
The result rose in 2025: different schema filed.
The accounts state no turnover.
Green is investment, beige is depreciation.
The 2018 accounts came latest: 113 days after the end of the period.
Higher net result than 90% of companies in specialised construction. Sector median €26,645 · 9,966 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 78% of them on solvency, 31% on liquidity, 92% on profitability and 90% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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).
Liquidity is ample, with a current ratio of 1.63 (1.83 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 1.9% of total assets. 28.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 50 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BSV CONSTRUCT Brussels | €0.8m | €377,478 | 71.8% | - |
| TRANSPORTS XAVIER MATAGNE Nassogne | €0.8m | €388,587 | 65.4% | - |
| Boelens Kaprijke | €0.8m | €330,097 | 30.4% | - |
| TERRAVW Ath | €0.7m | €352,445 | 23.5% | - |
| PINO CARDELLA TERRASSEMENTS Lobbes | €0.8m | €293,160 | 27.3% | - |
| GRETERCO Jemeppe-sur-Sambre | €0.7m | €479,310 | 25.8% | - |
| VIRAN BAT Saint-Josse-ten-Noode | €1.1m | €414,480 | 71.7% | - |
These companies have the same main activity as BSV CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €706,000 and €1.1m, founded between 2011 and 2016.
BSV CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €23,208 in 2016 to €377,478 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.0m. Estimated: probably between €810,000 and €1.4m.
Higher than 81% of 9,974 companies in 2025.
Higher than 46% of 9,837 companies in 2025.
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
| 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.
2025 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 |
| 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.
| 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)
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.
BSV CONSTRUCT has no parent and no holdings in its annual accounts. STOICESCU Valy is the only director. BSV CONSTRUCT shares no director with another company.
| Berea, Andrei (sole trader)
establishment since 24-04-2024 |
founded in 2024 1008.705.968 |
| Lupu, Daniel (sole trader)
establishment since 18-08-2022 |
founded in 2022 0789.766.476 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Schijfstraat 57 registered office 1020 Brussels | 20-10-2015 | 2.252.706.719 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21818A0003/00Z070 | 116 m² | 1 · 75 m² | 13.3 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0641.723.591
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