BUILD VALUES
ActiveSummary
BUILD VALUES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €66k. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency76▼-23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 3.89 in 2024; short-term debt: 49.1% and cash: 3.7% of total assets), and 49.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
50.9%
Return on assets
25.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
31 d early
2023
33 d early
2022
31 d late
2021
4 d early
2020
89 d late
2019
69 d late
← 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
€134k▲ 5.0%
2024 · €128k
2018: €14klowest in 8 years
2019: €35k▲ +152% vs 2018
2020: €23k▼ -35.3% vs 2019
2021: €14k▼ -38.0% vs 2020
2022: €44k▲ +216% vs 2021
2023: €72k▲ +61.5% vs 2022
2024: €128k▲ +78.3% vs 2023
2025: €134k▲ +5.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€264k▲ 53.4%
2024 · €172k
2018: €142klowest in 8 years
2019: €243k▲ +71.5% vs 2018
2020: €246k▲ +0.9% vs 2019
2021: €240k▼ -2.3% vs 2020
2022: €347k▲ +44.6% vs 2021highest in 8 years
2023: €325k▼ -6.4% vs 2022
2024: €172k▼ -47.0% vs 2023
2025: €264k▲ +53.4% vs 2024
2018 → 2025
Net result
€66k▲ 18.2%
2024 · €56k
2018: €-8k
2019: €21k▲ +379% vs 2018
2020: €-12k▼ -159% vs 2019lowest in 8 years
2021: €-9k▲ +30.4% vs 2020
2022: €30k▲ +452% vs 2021
2023: €27k▼ -10.0% vs 2022
2024: €56k▲ +106% vs 2023
2025: €66k▲ +18.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€132k▲ 6.5%
2024 · €124k
2018: €10k
2019: €3k▼ -64.5% vs 2018
2020: €-18k▼ -640% vs 2019
2021: €-57k▼ -211% vs 2020
2022: €-101k▼ -76.4% vs 2021
2023: €-227k▼ -124% vs 2022lowest in 8 years
2024: €124k▲ +155% vs 2023
2025: €132k▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€44k▲ 216%€72k▲ 61.5%€128k▲ 78.3%€134k▲ 5.0%
2021: €14klowest in 5 years
2022: €44k▲ +216% vs 2021
2023: €72k▲ +61.5% vs 2022
2024: €128k▲ +78.3% vs 2023
2025: €134k▲ +5.0% vs 2024highest in 5 years
Operating result€-5k-€50k€53k▲ 7.5%€90k▲ 69.5%€92k▲ 2.2%
2021: €-5klowest in 5 years
2022: €50k▲ +1117% vs 2021
2023: €53k▲ +7.5% vs 2022
2024: €90k▲ +69.5% vs 2023
2025: €92k▲ +2.2% vs 2024highest in 5 years
Net result€-9k-€30k€27k▼ 10.0%€56k▲ 106%€66k▲ 18.2%
2021: €-9klowest in 5 years
2022: €30k▲ +452% vs 2021
2023: €27k▼ -10.0% vs 2022
2024: €56k▲ +106% vs 2023
2025: €66k▲ +18.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets
€3k ▼ 51.4%
Current assets
€261k ▲ 57.0%
Equity and liabilities €264k
Equity
€134k ▲ 5.0%
Debt
€130k ▲ 194%
Debt's share of the balance-sheet total rises from 25.6% to 49.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94k▲
2024 · €93k
Cash flow
€68k▲
2024 · €59k
Current ratio
2.02▼
2024 · 3.89
Debt to equity
0.96▲
2024 · 0.34
ROE
49.4%▲
2024 · 43.9%
ROA
25.2%▼
2024 · 32.7%
Interest coverage
37.84▲
2024 · 13.61
Debt ≤ 1 year
€130k▲
2024 · €43k
Income taxes
€28k▼
2024 · €29k
Staff costs
€2k▼
2024 · €3k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€172k€264k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Land and buildings22€0-
Furniture and vehicles24€6k€3k▼
Assets under construction and advance payments27€0-
Current assets29/58€166k€261k▲
Amounts receivable after more than one year29€121k€124k▲
Other amounts receivable291€121k€124k▲
Amounts receivable within one year40/41€0€121k▲
Trade receivables40€0€92k▲
Other amounts receivable41-€30k
Cash at bank and in hand54/58€45k€10k▼
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€172k€264k▲
Equity10/15€128k€134k▲
Contributions10/11€19k€19k=
Reserves13€109k€116k▲
Distributable reserves133€109k€116k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€44k€130k▲
Amounts payable within one year42/48€43k€130k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€38k€59k▲
Taxes450/3€38k€59k▲
Other amounts payable47/48€76€60k▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Non-recurring operating income76A€29k€250▼
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€98k€100k▲
Operating profit (loss)9901€90k€92k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€85k€94k▲
Income taxes67/77€29k€28k▼
Profit (loss) for the period9904€56k€66k▲
Profit (loss) for the period to be appropriated9905€56k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€66k▲
Transfer to equity691/2€56k€6k▼
To other reserves6921€56k€6k▼
Profit to be distributed694/7-€60k
Return on contributions (dividend)694-€60k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €29k | €250 | ▼ 99.1% |
| Remuneration, social security and pensions62 | - | - | - | €3k | €2k | ▼ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €6k | €3k | €2k | ▼ 41.3% |
| Other operating charges640/8 | €5k | €3k | €3k | €2k | €2k | ▼ 19.2% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €4k | €59k | €63k | €98k | €100k | ▲ 1.5% |
| Operating profit (loss)9901 | €-5k | €50k | €53k | €90k | €92k | ▲ 2.2% |
| Financial income75/76B | - | €0 | €0 | €2k | €5k | ▲ 200% |
| Recurring financial income75 | - | €0 | €0 | €2k | €5k | ▲ 200% |
| Financial charges65/66B | €4k | €4k | €10k | €7k | €2k | ▼ 63.7% |
| Recurring financial charges65 | €4k | €4k | €10k | €7k | €2k | ▼ 63.7% |
| Profit (loss) for the period before taxes9903 | €-9k | €46k | €43k | €85k | €94k | ▲ 11.0% |
| Income taxes67/77 | - | €15k | €16k | €29k | €28k | ▼ 3.0% |
| Profit (loss) for the period9904 | €-9k | €30k | €27k | €56k | €66k | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €30k | €27k | €56k | €66k | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240k | €347k | €325k | €172k | €264k | ▲ 53.4% |
| Fixed assets21/28 | €225k | €304k | €301k | €6k | €3k | ▼ 51.4% |
| Tangible fixed assets22/27 | €225k | €304k | €301k | €6k | €3k | ▼ 51.4% |
| Land and buildings22 | €80k | €92k | €88k | €0 | - | - |
| Furniture and vehicles24 | €2k | €3k | €3k | €6k | €3k | ▼ 51.4% |
| Assets under construction and advance payments27 | €143k | €209k | €210k | €0 | - | - |
| Current assets29/58 | €15k | €43k | €24k | €166k | €261k | ▲ 57.0% |
| Amounts receivable after more than one year29 | - | - | - | €121k | €124k | ▲ 3.1% |
| Other amounts receivable291 | - | - | - | €121k | €124k | ▲ 3.1% |
| Amounts receivable within one year40/41 | €14k | €36k | €24k | €0 | €121k | - |
| Trade receivables40 | €3k | €36k | €24k | €0 | €92k | - |
| Other amounts receivable41 | €10k | €0 | - | - | €30k | - |
| Cash at bank and in hand54/58 | €1k | €6k | €51 | €45k | €10k | ▼ 78.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €6k | ▲ 384% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240k | €347k | €325k | €172k | €264k | ▲ 53.4% |
| Equity10/15 | €14k | €44k | €72k | €128k | €134k | ▲ 5.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €26k | €53k | €109k | €116k | ▲ 5.9% |
| Non-distributable reserves130/1 | €148 | €148 | €0 | - | - | - |
| Reserves not available under the articles1311 | €148 | €148 | €0 | - | - | - |
| Distributable reserves133 | €3k | €26k | €53k | €109k | €116k | ▲ 5.9% |
| Profit (loss) carried forward14 | €-7k | €0 | - | - | €0 | - |
| Amounts payable17/49 | €226k | €303k | €253k | €44k | €130k | ▲ 194% |
| Amounts payable after more than one year17 | €154k | €142k | €0 | - | - | - |
| Financial debts170/4 | €154k | €142k | €0 | - | - | - |
| Amounts payable within one year42/48 | €72k | €144k | €251k | €43k | €130k | ▲ 203% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €142k | €0 | - | - |
| Trade debts44 | €32k | €68k | €36k | €4k | €10k | ▲ 140% |
| Suppliers440/4 | €32k | €68k | €36k | €4k | €10k | ▲ 140% |
| Taxes, remuneration and social security45 | - | €22k | €38k | €38k | €59k | ▲ 54.7% |
| Taxes450/3 | - | €22k | €38k | €38k | €59k | ▲ 54.7% |
| Other amounts payable47/48 | €29k | €42k | €35k | €76 | €60k | ▲ 78,941% |
| Accrued charges and deferred income492/3 | - | €17k | €2k | €1k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €30k | €27k | €56k | €66k | ▲ 18.2% |
| + Depreciation and write-downs630 | €4k | €6k | €6k | €3k | €2k | ▼ 41.3% |
| Operating cash flow (approximation) | €-4k | €36k | €34k | €59k | €68k | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | €-85k | €-3k | €292k | €1k | ▼ 99.5% |
| Change in cash | - | €5k | €-6k | €45k | €-35k | ▼ 178% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €66k ▲18.2%
Operating result €92k, net result €66k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 40current ratio 3.89
Current ratio from 0.10 to 3.89; short-term debt falls from €251k to €43k.
31-12
Financial
Equity above €100kEq €128k ▲78.3%
3 profitable years in a row build equity to €128k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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, Merelbeke-Melle · 1 establishment unit since 2016
Ground area
812 m²
Building footprint
165 m²
Volume, LiDAR
909 m³
Parcel 44058B0143/00P000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BUILD VALUES
since 20162.302.072.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44058B0143/00P000 | Flanders | 812 m² | 1 · 165 m² | 10.1 m · 1 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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BTR
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,251 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
Founded25-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
41001General construction of residential buildings
68121Development of residential building projects
43990Other specialised construction activities
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.