BTA CONSTRUCT
ActiveThe file of BTA CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show negative equity (-€1,317) and a net result of €54,862. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 10% of 2,773 sector peers (NACE 41, financial year 2025).
Overview
- Equity
- -€1,317
- Profit
- €54,862
Why 57raises riskCapped at 59: negative equitySector: Construction of residential and non-residential buildings (NACE 41)Negative equity -€1,317lowers riskLiquidity: current ratio 5.22, cash €90,418Size: total assets €132,605Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 11% on solvency, 94% on liquidity, 91% on profitability and 88% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 40 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €54,862 ▲552%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00446715.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 149% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,794 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €3,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €311 | €311 | €331 | €430 | €506 | ▲ 17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €3,640 | - | - |
| Other operating charges640/8 | - | - | - | €990 | €739 | €142 | €216 | €294 | ▲ 36.5% |
| Gross operating margin9900 | -€28,311 | -€119,814 | €38,557 | €13,444 | €33,231 | €9,547 | €28,022 | €59,979 | ▲ 114% |
| Operating profit (loss)9901 | -€168,194 | -€133,999 | €35,655 | €12,143 | €32,181 | €9,074 | €23,737 | €59,179 | ▲ 149% |
| Financial income75/76B | - | - | - | €0 | €118 | €3 | - | - | - |
| Recurring financial income75 | €15 | €3,062 | €2,368 | €0 | €118 | €3 | - | - | - |
| Financial charges65/66B | - | - | - | €5,837 | €1,877 | €2,924 | €15,118 | €4,140 | ▼ 72.6% |
| Recurring financial charges65 | €16,542 | €1,279 | €2,860 | €5,837 | €1,877 | €2,924 | €5,118 | €4,140 | ▼ 19.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €10,000 | - | - |
| Profit (loss) for the period before taxes9903 | -€184,721 | -€132,216 | €35,164 | €6,306 | €30,422 | €6,153 | €8,619 | €55,039 | ▲ 539% |
| Income taxes67/77 | €283 | €264 | €24 | €1,330 | €219 | €225 | €205 | €177 | ▼ 14.0% |
| Profit (loss) for the period9904 | -€185,004 | -€132,479 | €35,140 | €4,976 | €30,203 | €5,928 | €8,413 | €54,862 | ▲ 552% |
| Profit (loss) for the period to be appropriated9905 | -€185,004 | -€132,479 | €35,140 | €4,976 | €30,203 | €5,928 | €8,413 | €54,862 | ▲ 552% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.0m | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.1m | ▲ 84.0% |
| Fixed assets21/28 | €0.001m | €0.002m | €0.002m | €0.001m | €311 | €0.002m | €0.002m | €0.002m | ▲ 15.2% |
| Tangible fixed assets22/27 | - | - | - | €0.001m | €311 | €0.002m | €0.002m | €0.002m | ▲ 15.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | ▲ 15.2% |
| Furniture and vehicles24 | - | - | - | €0.001m | €311 | - | - | - | - |
| Financial fixed assets28 | €0.001m | €0.002m | €0.002m | - | - | - | - | - | - |
| Current assets29/58 | €2.1m | €2.0m | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.1m | ▲ 85.7% |
| Stocks and contracts in progress3 | €1.5m | €1.4m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.2m | €0.1m | €0.1m | €0.09m | €0.03m | €0.04m | ▲ 24.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.09m | €0.03m | €0.03m | = |
| Other amounts receivable41 | - | - | - | - | - | - | €23 | €0.008m | ▲ 340× |
| Cash at bank and in hand54/58 | €0.03m | €0.07m | €0.08m | €0.1m | €0.05m | €0.03m | €0.04m | €0.09m | ▲ 134% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €141 | €0.002m | €140 | €0.001m | ▲ 513% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €0.2m | €0.2m | €0.2m | €0.1m | €0.07m | €0.1m | ▲ 84.0% |
| Equity10/15 | -€0.009m | -€0.1m | -€0.1m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.001m | ▲ 97.7% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | ▲ 24.5% |
| Amounts payable17/49 | €2.2m | €2.1m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 4.4% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.4% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.4% |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.2m | €0.2m | €0.1m | €0.08m | €0.02m | €0.03m | ▲ 9.0% |
| Trade debts44 | €0.04m | €0.03m | €0.008m | €0.006m | €0.002m | €0.009m | €0.003m | €0.003m | ▼ 1.8% |
| Suppliers440/4 | - | - | - | €0.006m | €0.002m | €0.009m | €0.003m | €0.003m | ▼ 1.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.004m | €0.005m | €0.002m | ▼ 51.9% |
| Taxes450/3 | - | - | - | €0.01m | €0.006m | €0.002m | €0.002m | €0.002m | ▼ 6.0% |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.07m | €0.01m | €0.02m | ▲ 29.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€185,004 | -€132,479 | €35,140 | €4,976 | €30,203 | €5,928 | €8,413 | €54,862 | ▲ 552% |
| + Depreciation and write-downs630 | - | - | - | €311 | €311 | €331 | €430 | €506 | ▲ 17.7% |
| Operating cash flow (approximation) | -€185,004 | -€132,479 | €35,140 | €5,287 | €30,514 | €6,259 | €8,843 | €55,368 | ▲ 526% |
| Investment in fixed assets (approximation) | - | -€699 | €0 | €738 | €0 | -€2,150 | €0 | -€765 | - |
| Change in cash | - | €37,287 | €10,240 | €46,795 | -€73,329 | -€26,133 | €12,985 | €51,849 | ▲ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00446715 |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00209474 |
| 31-12-2023 | micro format | 13-06-2024 | 2024-00129894 |
| 31-12-2022 | micro format | 13-10-2023 | 2023-00486325 |
| 31-12-2021 | micro format | 11-10-2022 | 2022-20460737 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70100017 |
| 31-12-2019 | micro format | 04-12-2020 | 2020-74700164 |
| 31-12-2018 | micro format | 23-01-2020 | 2020-01900599 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26000168 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-40300455 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CORNAND Ronny |
|
| CORNAND Mario |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Mr Pieters Marga Affligemdreef 144, 9300 Aalst |
12-10-2015 → 12-10-2015 |
Owners and capital
Capital and shareholders
- 11-04-2025 Capital stated in the deed · €162,000 · 2,500 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-04
Gazette deed
Resignation: CORNAND Mario (director)Reappointment: CORNAND Ronny (director) · Amendment of the articles · Capital10 facts ▸
- General meeting, 28-03-2024
- Other provision, 01-01-2020
- Amendment of the articles
- Capital, €162,000
- Director resignation, CORNAND Mario (director)
- Director discharge, CORNAND Mario
- Director reappointment, CORNAND Ronny (director)
- Registered office clause, “9320 Aalst (Erembodegem),Vinkenlaan 25” (deed in Dutch)
- Power of attorney (2 times)
- Other provision, “eStox-aandelenregister en UBO, digitaal aandelenregister via eStox” (deed in Dutch)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0460.511.656
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41014A0739/00_000 | Flanders | 1,388 m² | 1 · 118 m² | 7.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle aannemingen van algemene bouwwerken,cement- en betonwerken,dichtingswerken,afbraakwerken,bevloerings- en betegelingswerken,pleister- en…” (deed in Dutch)
3 activities (deed in Dutch)
- Alle aannemingen van algemene bouwwerken,cement- en betonwerken,dichtingswerken,afbraakwerken,bevloerings- en betegelingswerken,pleister- en plafonneer-werken.
- Het leveren en plaatsen van kantoormeubilair,meubelen,enzovoort...
- Alle onderaannemingen in deze bedrijfstakken,alsook de groot- en kleinhandel in alle grondstoffen,materialen,machines,onderhoudsproducten en toebehoren betrekking hebbende tot de bovenvermelde aannemingen,zelfs als commissionair.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BTA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan evenals gevolmachtigden voor dagelijks bestuur binnen kader van dit bestuur mogen specifieke bevoegdheden toekennen aan één…” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Aandeelhouders verdelen liquidatiesaldo met inachtneming gelijkheidsbeginsel, een of meer” (deed in Dutch)