BUILD DIFFERENT
ActiveSummary
BUILD DIFFERENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €-8k. Equity is shrinking by ~25.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 26% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-65
Solvency31▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.07 in 2023; short-term debt: 94.5% and cash: 39.8% of total assets), and 94.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.5%
Return on assets
-1.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
11 d early
2021
45 d early
2020
31 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1.20M
EBIT margin
14.7%
Net result
€-8k
2023 · €404k
2018: €-22k
2019: €143k▲ +756% vs 2018
2020: €-18k▼ -112% vs 2019
2021: €-30k▼ -72.7% vs 2020lowest in 7 years
2022: €-11k▲ +64.4% vs 2021
2023: €404k▲ +3845% vs 2022highest in 7 years
2024: €-8k▼ -102% vs 2023
2018 → 2024
Working capital
€38k▼ 16.9%
2023 · €46k
2018: €-7klowest in 7 years
2019: €136k▲ +2168% vs 2018
2020: €119k▼ -12.8% vs 2019
2021: €585k▲ +391% vs 2020
2022: €793k▲ +35.7% vs 2021highest in 7 years
2023: €46k▼ -94.2% vs 2022
2024: €38k▼ -16.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€118k-€88k▼ 25.6%€77k▼ 12.2%€46k▼ 40.6%€38k▼ 16.9%
2020: €118khighest in 5 years
2021: €88k▼ -25.6% vs 2020
2022: €77k▼ -12.2% vs 2021
2023: €46k▼ -40.6% vs 2022
2024: €38k▼ -16.9% vs 2023lowest in 5 years
Operating result€-13k-€-20k▼ 56.9%€20k€559k▲ 2,667%€-6k
2020: €-13k
2021: €-20k▼ -56.9% vs 2020lowest in 5 years
2022: €20k▲ +201% vs 2021
2023: €559k▲ +2667% vs 2022highest in 5 years
2024: €-6k▼ -101% vs 2023
Net result€-18k-€-30k▼ 72.7%€-11k▲ 64.4%€404k€-8k
2020: €-18k
2021: €-30k▼ -72.7% vs 2020lowest in 5 years
2022: €-11k▲ +64.4% vs 2021
2023: €404k▲ +3845% vs 2022highest in 5 years
2024: €-8k▼ -102% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €559k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €693k
Equity
€38k ▼ 16.9%
Debt
€654k ▲ 0.8%
Debt's share of the balance-sheet total rises from 93.4% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.06▼
2023 · 1.07
Quick ratio
0.43▼
2023 · 1.07
Debt to equity
17.15▲
2023 · 14.15
ROE
-20.3%▼
2023 · 880.5%
ROA
-1.1%▼
2023 · 58.1%
Debt ≤ 1 year
€654k▲
2023 · €649k
Income taxes
€0▼
2023 · €120k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€695k€693k▼
Current assets29/58€695k€693k▼
Stocks and contracts in progress3€0€412k▲
Stocks30/36€0€412k▲
Amounts receivable within one year40/41€40k€5k▼
Trade receivables40€39k€0▼
Other amounts receivable41€777€5k▲
Current investments50/53€600k€0▼
Cash at bank and in hand54/58€55k€275k▲
Deferred charges and accrued income490/1€462€497▲
Equity and liabilities
Total equity and liabilities10/49€695k€693k▼
Equity10/15€46k€38k▼
Contributions10/11€40k€40k=
Reserves13€4k€4k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€2k€-6k▼
Amounts payable17/49€649k€654k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€649k€654k▲
Trade debts44€2k€35▼
Suppliers440/4€2k€35▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€645k€652k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Other operating charges640/8€1k€2k▲
Gross operating margin9900€560k€-4k▼
Operating profit (loss)9901€559k€-6k▼
Financial income75/76B€6k€9k▲
Recurring financial income75€6k€9k▲
Financial charges65/66B€41k€11k▼
Recurring financial charges65€41k€11k▼
Profit (loss) for the period before taxes9903€524k€-8k▼
Income taxes67/77€120k€0▼
Profit (loss) for the period9904€404k€-8k▼
Profit (loss) for the period to be appropriated9905€404k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€438k€-6k▼
Profit (loss) brought forward from the previous period14P€33k€2k▼
Profit to be distributed694/7€436k€0▼
Return on contributions (dividend)694€436k€0▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €946 | €1k | €1k | €2k | ▲ 37.2% |
| Gross operating margin9900 | €-12k | €-19k | €21k | €560k | €-4k | ▼ 101% |
| Operating profit (loss)9901 | €-13k | €-20k | €20k | €559k | €-6k | ▼ 101% |
| Financial income75/76B | - | - | €0 | €6k | €9k | ▲ 46.9% |
| Recurring financial income75 | €0 | - | €0 | €6k | €9k | ▲ 46.9% |
| Financial charges65/66B | - | €10k | €31k | €41k | €11k | ▼ 73.9% |
| Recurring financial charges65 | €5k | €10k | €31k | €41k | €11k | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | €-18k | €-30k | €-11k | €524k | €-8k | ▼ 101% |
| Income taxes67/77 | €0 | - | - | €120k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-18k | €-30k | €-11k | €404k | €-8k | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-30k | €-11k | €404k | €-8k | ▼ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €645k | €1.14M | €1.46M | €695k | €693k | ▼ 0.4% |
| Current assets29/58 | €645k | €1.14M | €1.46M | €695k | €693k | ▼ 0.4% |
| Stocks and contracts in progress3 | €581k | €1.13M | €1.37M | €0 | €412k | - |
| Stocks30/36 | - | €1.13M | €1.37M | €0 | €412k | - |
| Amounts receivable within one year40/41 | €11k | €0 | €36k | €40k | €5k | ▼ 87.3% |
| Trade receivables40 | - | - | - | €39k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €0 | €36k | €777 | €5k | ▲ 552% |
| Current investments50/53 | - | - | - | €600k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €52k | €10k | €57k | €55k | €275k | ▲ 400% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | €462 | €497 | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €645k | €1.14M | €1.46M | €695k | €693k | ▼ 0.4% |
| Equity10/15 | €118k | €88k | €77k | €46k | €38k | ▼ 16.9% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €0 | - | - |
| Reserves not available under the articles1311 | - | €4k | €4k | €0 | - | - |
| Distributable reserves133 | - | - | - | €4k | €4k | = |
| Profit (loss) carried forward14 | €74k | €44k | €33k | €2k | €-6k | ▼ 407% |
| Amounts payable17/49 | €527k | €1.05M | €1.38M | €649k | €654k | ▲ 0.8% |
| Amounts payable after more than one year17 | - | €496k | €715k | €0 | - | - |
| Financial debts170/4 | - | €496k | €715k | €0 | - | - |
| Amounts payable within one year42/48 | €526k | €555k | €668k | €649k | €654k | ▲ 0.8% |
| Trade debts44 | €0 | €16k | €8k | €2k | €35 | ▼ 98.3% |
| Suppliers440/4 | - | €16k | €8k | €2k | €35 | ▼ 98.3% |
| Taxes, remuneration and social security45 | - | €8k | €2k | €2k | €2k | ▼ 3.2% |
| Taxes450/3 | - | €8k | €2k | €2k | €2k | ▼ 3.2% |
| Other amounts payable47/48 | - | €531k | €658k | €645k | €652k | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | €275 | €400 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-30k | €-11k | €404k | €-8k | ▼ 102% |
| Operating cash flow (approximation) | €-18k | €-30k | €-11k | €404k | €-8k | ▼ 102% |
| Change in cash | - | €-43k | €47k | €-2k | €220k | ▲ 14,667% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €404k
Net result €404k after 3 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €143k
Net result €143k after one loss-making year.
31-12
Financial
Equity above €100kEq €136k
Equity rises from €-7k to €136k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2016
Ground area
71 m²
Building footprint
52 m²
Volume, LiDAR
593 m³
Parcel 21447B0253/00G005, Brussels · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BUILD DIFFERENT
since 20162.254.429.458
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0253/00G005 | Brussels | 71 m² | 1 · 52 m² | 17.5 m · 4 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 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,770 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
Founded07-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.