BUILDERS
ActiveSummary
BUILDERS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,729 and a net result of €787. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 9,066 sector peers (NACE 41, fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result has fallen three years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. 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 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,472 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% | 1.0% |
| 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% 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 17,041 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100 | €1,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,229 | €5,026 | €6,878 | €6,878 | €7,380 | €8,334 | €8,334 | = |
| Other operating charges640/8 | - | - | - | €334 | €400 | €367 | €457 | ▲ 24.7% |
| Gross operating margin9900 | €24,010 | €58,703 | €28,605 | €41,371 | €30,299 | €24,000 | €22,480 | ▼ 6.3% |
| Operating profit (loss)9901 | -€5,481 | €3,335 | €20,276 | €34,159 | €22,519 | €15,299 | €13,689 | ▼ 10.5% |
| Financial income75/76B | - | - | - | €1,073 | €1,816 | €3 | €46 | ▲ 1,484% |
| Recurring financial income75 | - | - | - | €1,073 | €1,816 | €3 | €46 | ▲ 1,484% |
| Financial charges65/66B | - | - | - | - | €1,455 | €10,486 | €10,116 | ▼ 3.5% |
| Recurring financial charges65 | €36 | €6,286 | €46 | - | €1,455 | €431 | €61 | ▼ 85.9% |
| Non-recurring financial charges66B | - | - | - | - | - | €10,055 | €10,055 | = |
| Profit (loss) for the period before taxes9903 | -€5,517 | €49 | €20,230 | €35,233 | €22,880 | €4,816 | €3,619 | ▼ 24.8% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €303 | - |
| Transfer to deferred taxes680 | - | - | - | - | €303 | - | - | - |
| Income taxes67/77 | - | - | €2,263 | €11,852 | €17,252 | €1,722 | €3,135 | ▲ 82.0% |
| Profit (loss) for the period9904 | -€5,517 | €49 | €17,967 | €23,380 | €5,325 | €3,094 | €787 | ▼ 74.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €908 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €908 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€5,517 | €49 | €17,967 | €23,380 | €4,418 | €3,094 | €1,694 | ▼ 45.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €108,367 | €58,693 | €84,307 | €93,432 | €159,070 | €73,102 | €71,467 | ▼ 2.2% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €6,289 | - | €13,755 | €6,893 | €32,835 | €24,500 | €16,166 | ▼ 34.0% |
| Tangible fixed assets22/27 | €6,289 | - | €13,755 | €6,878 | €32,835 | €24,500 | €16,166 | ▼ 34.0% |
| Plant, machinery and equipment23 | - | - | - | €6,878 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | €32,835 | €24,500 | €16,166 | ▼ 34.0% |
| Financial fixed assets28 | - | - | - | €15 | - | - | - | - |
| Current assets29/58 | €102,078 | €58,693 | €70,552 | €86,540 | €126,235 | €48,601 | €55,300 | ▲ 13.8% |
| Amounts receivable after more than one year29 | - | - | - | €46,851 | €82,583 | €807 | - | - |
| Trade receivables290 | - | - | - | €46,851 | €82,583 | €807 | - | - |
| Stocks and contracts in progress3 | - | €2,500 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €92,933 | €55,283 | €67,242 | €36,106 | €32,532 | €40,996 | €10,055 | ▼ 75.5% |
| Trade receivables40 | - | - | - | €5,121 | €0 | €20,000 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €30,985 | €32,532 | €20,996 | €10,055 | ▼ 52.1% |
| Cash at bank and in hand54/58 | €9,144 | €911 | €3,310 | €3,582 | €11,121 | €6,799 | €45,245 | ▲ 565% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €108,367 | €58,693 | €84,307 | €93,432 | €159,070 | €73,102 | €71,467 | ▼ 2.2% |
| Equity10/15 | €39,437 | €39,486 | €52,453 | €55,382 | €60,707 | €63,801 | €63,729 | ▼ 0.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | - | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €55,382 | €60,707 | €60,707 | €63,729 | ▲ 5.0% |
| Tax-exempt reserves132 | - | - | - | - | €908 | €908 | - | - |
| Distributable reserves133 | - | - | - | €55,382 | €59,800 | €59,800 | €63,729 | ▲ 6.6% |
| Profit (loss) carried forward14 | €18,986 | €19,035 | €32,002 | - | - | €3,094 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €303 | €303 | - | - |
| Deferred taxes168 | - | - | - | - | €303 | €303 | - | - |
| Amounts payable17/49 | €68,930 | €19,207 | €31,854 | €38,050 | €98,060 | €8,998 | €7,738 | ▼ 14.0% |
| Amounts payable within one year42/48 | €68,930 | €19,207 | €31,854 | €38,050 | €98,060 | €8,998 | €7,738 | ▼ 14.0% |
| Trade debts44 | €5,728 | €1,603 | €5,126 | €7,306 | €61,881 | €4,062 | €753 | ▼ 81.5% |
| Suppliers440/4 | - | - | - | €7,306 | €61,881 | €4,062 | €753 | ▼ 81.5% |
| Taxes, remuneration and social security45 | - | - | - | €11,885 | €17,320 | €3,077 | €6,054 | ▲ 96.8% |
| Taxes450/3 | - | - | - | €11,885 | €17,320 | €3,077 | €6,054 | ▲ 96.8% |
| Other amounts payable47/48 | - | - | - | €18,859 | €18,859 | €1,859 | €930 | ▼ 50.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,517 | €49 | €17,967 | €23,380 | €5,325 | €3,094 | €787 | ▼ 74.6% |
| + Depreciation and write-downs630 | €6,229 | €5,026 | €6,878 | €6,878 | €7,380 | €8,334 | €8,334 | = |
| Operating cash flow (approximation) | €712 | €5,075 | €24,844 | €30,258 | €12,705 | €11,428 | €9,121 | ▼ 20.2% |
| Investment in fixed assets (approximation) | - | - | - | -€15 | -€33,322 | €0 | €0 | - |
| Change in cash | - | -€8,234 | €2,399 | €272 | €7,538 | -€4,322 | €38,446 | ▲ 990% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.