BUILD PROJECT
ActiveBUILD PROJECT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302k and a net result of €-151k. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 2132 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
22
/ 100
Critical▼ -30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency67▼-33
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 11.93 in 2024), and 25.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€151k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
92 d late
2022
32 d late
2021
66 d late
2020
31 d late
2019
12 d late
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€302k▼ 33.4%
2024 · €453k
2018: €353k
2019: €575k
2020: €599k
2021: €612k
2022: €512k
2023: €489k
2024: €453k
2018 → 2025
Total assets
€406k▼ 11.2%
2024 · €457k
2018: €761k
2019: €1.02M
2020: €803k
2021: €1.08M
2022: €848k
2023: €551k
2024: €457k
2018 → 2025
Net result
€-151k▼ 313%
2024 · €-37k
2018: €-185k
2019: €222k
2020: €24k
2021: €12k
2022: €-100k
2023: €-23k
2024: €-37k
2018 → 2025
Working capital
€-100k
2024 · €50k
2018: €343k
2019: €556k
2020: €570k
2021: €595k
2022: €502k
2023: €90k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€612k-€512k▼ 16.3%€489k▼ 4.5%€453k▼ 7.5%€302k▼ 33.4%
Operating result€23k-€-99k€-22k▲ 77.6%€-36k▼ 62.5%€-151k▼ 321%
Net result€12k-€-100k€-23k▲ 77.1%€-37k▼ 60.2%€-151k▼ 313%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €151k in 2025 against €36k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €406k
Fixed assets
€401k▼ 0.2%
Current assets
€4k▼ 92.0%
Equity and liabilities €406k
Equity
€302k▼ 33.4%
Debt
€104k▲ 2,157%
The debt ratio rises from 1.0% to 25.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-150k▼
2024 · €-27k
Cash flow
€-150k▼
2024 · €-28k
Solvency
74.3%▼
2024 · 99.0%
Current ratio
0.04▼
2024 · 11.93
Quick ratio
0.04▼
2024 · 11.93
Debt / equity
0.35▲
2024 · 0.01
ROE
-50.1%▼
2024 · -8.1%
ROA
-37.2%▼
2024 · -8.0%
Interest coverage
-2347.90▼
2024 · -59.69
Debt
€104k▲
2024 · €5k
Debt ≤ 1 year
€104k▲
2024 · €5k
Income taxes
€311▼
2024 · €322
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€457k€406k▼
Fixed assets21/28€402k€401k▼
Tangible fixed assets22/27€402k€401k▼
Land and buildings22€401k€401k=
Plant, machinery and equipment23€0-
Furniture and vehicles24€794€94▼
Financial fixed assets28€205€205=
Current assets29/58€55k€4k▼
Amounts receivable within one year40/41€49k€272▼
Trade receivables40€3k€0▼
Other amounts receivable41€46k€272▼
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€374€835▲
Equity and liabilities
Total equity and liabilities10/49€457k€406k▼
Equity10/15€453k€302k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€391k€240k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€384k€233k▼
Amounts payable17/49€5k€104k▲
Amounts payable within one year42/48€5k€104k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€3k€734▼
Suppliers440/4€3k€734▼
Taxes, remuneration and social security45€322€311▼
Taxes450/3€322€311▼
Other amounts payable47/48€1k€103k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€700▼
Other operating charges640/8€2k€139k▲
Non-recurring operating charges66A€8k€0▼
Gross operating margin9900€-18k€-11k▲
Operating profit (loss)9901€-36k€-151k▼
Financial income75/76B€24€119▲
Recurring financial income75€24€119▲
Financial charges65/66B€460€64▼
Recurring financial charges65€460€64▼
Profit (loss) for the period before taxes9903€-36k€-151k▼
Income taxes67/77€322€311▼
Profit (loss) for the period9904€-37k€-151k▼
Profit (loss) for the period to be appropriated9905€-37k€-151k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-151k▼
Transfer from equity791/2€37k€151k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Liquidity times 5current ratio 11.93
Current ratio from 2.45 to 11.93; short-term debt falls from €62k to €5k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 66 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
31-12
Financial
Back to profitnet €222k
Net result €222k after one loss-making year.
31-12
Financial
Equity above €500kEq €575k ▲62.7%
Equity rises from €353k to €575k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Lievens-Houtem · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Muizenhoek 49520 Sint-Lievens-HoutemGround area
1,405 m²
Building footprint
226 m²
Volume, LiDAR
923 m³
Parcel 41072E0150/00W000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BUILD PROJECT
since 19952.072.679.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41072E0150/00W000 | Flanders | 1,405 m² | 1 · 225 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE-Gestion
BE 0749.750.909
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Retie · Eq €302k
Of 29,533 companies in sector 41001 we hold annual accounts for 15,849. 10,861 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-06-1995
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45212
43211General electrical installation work
43410Roofing work
43990Other specialised construction activities
43999Specialised construction activities
45211
45220
45250
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.