BUILD CONCEPT
ActiveSummary
BUILD CONCEPT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €40k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency57▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.95 in 2024; short-term debt: 14.3% and cash: 7.1% of total assets), and 67.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
32.2%
Return on assets
6%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
36 d early
2022
3 d early
2021
32 d early
2020
33 d early
2019
8 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€216k▲ 22.0%
2024 · €177k
Total assets
€671k▲ 5.2%
2024 · €638k
Net result
€40k▲ 4.3%
2024 · €38k
Working capital
€-14k▼ 324%
2024 · €-3k
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€32k€-9k€14k€58k▲ 301%€58k▲ 0.4%
Net result€19k€-15k€5k€38k▲ 681%€40k▲ 4.3%
Equity€149k▲ 15.0%€134k▼ 10.1%€139k▲ 3.7%€177k▲ 27.6%€216k▲ 22.0%
Total assets€461k▼ 4.0%€633k▲ 37.5%€601k▼ 5.2%€638k▲ 6.2%€671k▲ 5.2%
Debt€312k▼ 11.1%€500k▲ 60.2%€462k▼ 7.5%€461k▼ 0.2%€455k▼ 1.2%
Working capital€10k€-25k€-47k▼ 83.3%€-3k▲ 92.7%€-14k▼ 324%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671k
Fixed assets
€590k ▲ 4.1%
Current assets
€82k ▲ 14.6%
Equity and liabilities €671k
Equity
€216k ▲ 22.0%
Debt
€455k ▼ 1.2%
Debt's share of the balance-sheet total falls from 72.2% to 67.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €61k
Cash flow
€44k▲
2024 · €42k
Current ratio
0.85▼
2024 · 0.95
Debt to equity
2.11▼
2024 · 2.60
ROE
18.5%▼
2024 · 21.6%
ROA
6.0%▼
2024 · 6.0%
Interest coverage
9.41▲
2024 · 7.81
Debt ≤ 1 year
€96k▲
2024 · €75k
Debt > 1 year
€356k▼
2024 · €386k
Income taxes
€11k▼
2024 · €12k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | €8k | ▲ 62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €43k | €4k | €4k | €4k | ▲ 7.7% |
| Other operating charges640/8 | €2k | €3k | €4k | €2k | €3k | ▲ 24.0% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €68k | €37k | €22k | €64k | €66k | ▲ 3.8% |
| Operating profit (loss)9901 | €32k | €-9k | €14k | €58k | €58k | ▲ 0.4% |
| Financial income75/76B | €14 | - | - | - | - | - |
| Recurring financial income75 | €14 | - | - | - | - | - |
| Financial charges65/66B | €4k | €6k | €8k | €8k | €7k | ▼ 16.3% |
| Recurring financial charges65 | €4k | €6k | €8k | €8k | €7k | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €28k | €-15k | €7k | €50k | €51k | ▲ 3.0% |
| Income taxes67/77 | €9k | €516 | €2k | €12k | €11k | ▼ 1.1% |
| Profit (loss) for the period9904 | €19k | €-15k | €5k | €38k | €40k | ▲ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-15k | €5k | €38k | €40k | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461k | €633k | €601k | €638k | €671k | ▲ 5.2% |
| Fixed assets21/28 | €377k | €570k | €566k | €567k | €590k | ▲ 4.1% |
| Tangible fixed assets22/27 | €377k | €570k | €566k | €567k | €590k | ▲ 4.1% |
| Land and buildings22 | €340k | €554k | €554k | €554k | €554k | = |
| Plant, machinery and equipment23 | €19k | €7k | €6k | €9k | €34k | ▲ 269% |
| Furniture and vehicles24 | €18k | €8k | €6k | €4k | €2k | ▼ 55.0% |
| Current assets29/58 | €83k | €64k | €35k | €71k | €82k | ▲ 14.6% |
| Amounts receivable within one year40/41 | €25k | €17k | €22k | €44k | €18k | ▼ 59.8% |
| Trade receivables40 | €25k | €17k | €22k | €44k | €18k | ▼ 59.8% |
| Cash at bank and in hand54/58 | €55k | - | €3k | €25k | €48k | ▲ 92.9% |
| Deferred charges and accrued income490/1 | €3k | €47k | €10k | €3k | €16k | ▲ 509% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461k | €633k | €601k | €638k | €671k | ▲ 5.2% |
| Equity10/15 | €149k | €134k | €139k | €177k | €216k | ▲ 22.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €130k | €115k | €120k | €158k | €197k | ▲ 24.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €128k | €113k | €118k | €158k | €197k | ▲ 24.6% |
| Amounts payable17/49 | €312k | €500k | €462k | €461k | €455k | ▼ 1.2% |
| Amounts payable after more than one year17 | €238k | €410k | €380k | €386k | €356k | ▼ 7.8% |
| Financial debts170/4 | €238k | €410k | €380k | €386k | €356k | ▼ 7.8% |
| Amounts payable within one year42/48 | €73k | €89k | €82k | €75k | €96k | ▲ 28.7% |
| Current portion of amounts payable after more than one year42 | €22k | €30k | €30k | €30k | €30k | = |
| Financial debts43 | - | €39 | - | - | - | - |
| Credit institutions430/8 | - | €39 | - | - | - | - |
| Trade debts44 | €4k | €17k | €1k | €7k | €2k | ▼ 73.2% |
| Suppliers440/4 | €4k | €17k | €1k | €7k | €2k | ▼ 73.2% |
| Taxes, remuneration and social security45 | €18k | €10k | €8k | €15k | €18k | ▲ 17.6% |
| Taxes450/3 | €18k | €10k | €8k | €15k | €18k | ▲ 17.6% |
| Other amounts payable47/48 | €29k | €32k | €42k | €22k | €46k | ▲ 108% |
| Accrued charges and deferred income492/3 | €500 | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-15k | €5k | €38k | €40k | ▲ 4.3% |
| + Depreciation and write-downs630 | €33k | €43k | €4k | €4k | €4k | ▲ 7.7% |
| Operating cash flow (approximation) | €53k | €28k | €9k | €42k | €44k | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | €-235k | €0 | €-5k | €-27k | ▼ 481% |
| Change in cash | - | - | - | €22k | €23k | ▲ 5.7% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €216k ▲22%
3 profitable years in a row build equity to €216k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €177k ▲27.6%
2 profitable years in a row build equity to €177k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €53k ▲185%
Operating result €71k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲60.9%
2 profitable years in a row build equity to €139k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Alveringem · 1 establishment unit since 1999
Ground area
7,774 m²
Building footprint
258 m²
Volume, LiDAR
1,349 m³
Parcel 38023C0299/00V000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BUILD CONCEPT
since 19992.091.192.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38023C0299/00V000 | Flanders | 7,774 m² | 1 · 258 m² | 8.4 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.
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Of 6,149 companies in sector 46190 we hold annual accounts for 2,570. 1,841 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
Founded06-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.