BUILDGATES
ActiveSummary
BUILDGATES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,568 and a net result of €136,749. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+23
Solvency37▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.9 in 2024; short-term debt: 77.1% and cash: 50.7% of total assets), and 88.3% of the assets are financed with debt.
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Signals
Five 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
11.7%
Return on assets
21%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8115 sector peers (2025).
NBB · sector comparisonPosition among 8115 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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
9 d late
2024
11 d late
2023
29 d late
2022
27 d late
2020
31 d late
2019
91 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€136,749▲ 853%
2024 · €14,343
Working capital
€44,867
2024 · -€46,339
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
Line20202022202320242025
Operating result€31,360▲ 24.6%-€218,344-€77,685€2,109▼ 97.3%€127,449▲ 5,943%
Net result€22,509▲ 40.1%-€217,113-€89,546€14,343▼ 84.0%€136,749▲ 853%
Equity€103,043▲ 28.0%-€114,070--€24,523▲ 78.5%-€10,180▲ 58.5%€76,568
Total assets€135,553▲ 10.5%€325,115-€472,361▲ 45.3%€545,915▲ 15.6%€652,231▲ 19.5%
Debt€32,510▼ 22.8%€439,185-€496,884▲ 13.1%€556,096▲ 11.9%€575,663▲ 3.5%
Working capital€93,005▲ 13.3%-€120,555--€52,550▲ 56.4%-€46,339▲ 11.8%€44,867
Staff (FTE)4.8-4.1▼ 14.6%4▼ 2.4%3.8▼ 5.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5,943% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,231
Fixed assets
€104,497 ▼ 22.9%
Current assets
€547,734 ▲ 33.5%
Equity and liabilities €652,231
Equity
€76,568
Debt
€575,663
Debt finances 88.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€160,889▲
2024 · €29,894
Cash flow
€170,189▲
2024 · €42,128
Current ratio
1.09▲
2024 · 0.90
Quick ratio
0.91▲
2024 · 0.83
Debt to equity
7.52▲
2024 · -54.62
ROE
178.6%
ROA
21.0%▲
2024 · 2.6%
Interest coverage
36.79▲
2024 · 6.50
Debt ≤ 1 year
€502,866▲
2024 · €456,732
Debt > 1 year
€70,999▼
2024 · €98,902
Income taxes
€11,781▲
2024 · €195
Staff costs
€217,471▲
2024 · €209,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,811 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.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €175,766 | €210,399 | €209,247 | €217,471 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,510 | €17,381 | €22,066 | €27,785 | €33,440 | ▲ 20.4% |
| Other operating charges640/8 | - | €612 | €512 | €574 | €595 | ▲ 3.8% |
| Gross operating margin9900 | €37,364 | -€24,584 | €310,663 | €239,714 | €378,955 | ▲ 58.1% |
| Operating profit (loss)9901 | €31,360 | -€218,344 | €77,685 | €2,109 | €127,449 | ▲ 5,943% |
| Financial income75/76B | - | €5,045 | €15,659 | €17,028 | €25,453 | ▲ 49.5% |
| Recurring financial income75 | - | €5,045 | €15,659 | €17,028 | €25,453 | ▲ 49.5% |
| Financial charges65/66B | - | €3,232 | €3,497 | €4,599 | €4,373 | ▼ 4.9% |
| Recurring financial charges65 | €836 | €3,232 | €3,497 | €4,599 | €4,373 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €30,523 | -€216,531 | €89,847 | €14,538 | €148,529 | ▲ 922% |
| Income taxes67/77 | €8,014 | €582 | €301 | €195 | €11,781 | ▲ 5,936% |
| Profit (loss) for the period9904 | €22,509 | -€217,113 | €89,546 | €14,343 | €136,749 | ▲ 853% |
| Profit (loss) for the period to be appropriated9905 | €22,509 | -€217,113 | €89,546 | €14,343 | €136,749 | ▲ 853% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,553 | €325,115 | €472,361 | €545,915 | €652,231 | ▲ 19.5% |
| Fixed assets21/28 | €10,038 | €115,467 | €118,151 | €135,522 | €104,497 | ▼ 22.9% |
| Intangible fixed assets21 | - | €22,329 | €17,136 | €11,944 | €6,751 | ▼ 43.5% |
| Tangible fixed assets22/27 | €10,038 | €93,138 | €101,015 | €123,579 | €97,746 | ▼ 20.9% |
| Plant, machinery and equipment23 | - | - | €8,331 | €8,217 | €6,100 | ▼ 25.8% |
| Furniture and vehicles24 | - | €30,337 | €36,856 | €66,508 | €49,767 | ▼ 25.2% |
| Other tangible fixed assets26 | - | €62,802 | €55,828 | €48,853 | €41,879 | ▼ 14.3% |
| Current assets29/58 | €125,516 | €209,648 | €354,210 | €410,393 | €547,734 | ▲ 33.5% |
| Stocks and contracts in progress3 | €5,100 | €43,290 | €35,489 | €31,016 | €90,375 | ▲ 191% |
| Stocks30/36 | - | €43,290 | €35,489 | €31,016 | €90,375 | ▲ 191% |
| Amounts receivable within one year40/41 | €10,513 | €6,723 | €57,432 | €95,320 | €80,086 | ▼ 16.0% |
| Trade receivables40 | - | €6,705 | €57,432 | €94,703 | €78,815 | ▼ 16.8% |
| Other amounts receivable41 | - | €18 | - | €617 | €1,271 | ▲ 106% |
| Current investments50/53 | €28 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €108,510 | €136,594 | €237,458 | €281,950 | €330,959 | ▲ 17.4% |
| Deferred charges and accrued income490/1 | - | €23,041 | €23,830 | €2,107 | €46,314 | ▲ 2,098% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,553 | €325,115 | €472,361 | €545,915 | €652,231 | ▲ 19.5% |
| Equity10/15 | €103,043 | -€114,070 | -€24,523 | -€10,180 | €76,568 | ▲ 852% |
| Contributions10/11 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €93,683 | -€123,430 | -€33,883 | -€19,540 | €67,208 | ▲ 444% |
| Amounts payable17/49 | €32,510 | €439,185 | €496,884 | €556,096 | €575,663 | ▲ 3.5% |
| Amounts payable after more than one year17 | - | €107,710 | €89,447 | €98,902 | €70,999 | ▼ 28.2% |
| Financial debts170/4 | - | €107,710 | €89,447 | €98,902 | €70,999 | ▼ 28.2% |
| Amounts payable within one year42/48 | €32,510 | €330,203 | €406,760 | €456,732 | €502,866 | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | - | €9,908 | €18,263 | €27,477 | €27,904 | ▲ 1.6% |
| Trade debts44 | €1,862 | €49,759 | €96,035 | €145,488 | €109,808 | ▼ 24.5% |
| Suppliers440/4 | - | €49,759 | €96,035 | €145,488 | €109,808 | ▼ 24.5% |
| Advances received on contracts in progress46 | - | €213,118 | €212,161 | €226,187 | €243,706 | ▲ 7.7% |
| Taxes, remuneration and social security45 | - | €57,419 | €80,218 | €57,134 | €86,448 | ▲ 51.3% |
| Taxes450/3 | - | €28,233 | €33,866 | €29,026 | €57,258 | ▲ 97.3% |
| Remuneration and social security454/9 | - | €29,186 | €46,352 | €28,109 | €29,190 | ▲ 3.8% |
| Other amounts payable47/48 | - | - | €83 | €446 | €35,000 | ▲ 7,746% |
| Accrued charges and deferred income492/3 | - | €1,272 | €677 | €461 | €1,798 | ▲ 290% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,509 | -€217,113 | €89,546 | €14,343 | €136,749 | ▲ 853% |
| + Depreciation and write-downs630 | €5,510 | €17,381 | €22,066 | €27,785 | €33,440 | ▲ 20.4% |
| Operating cash flow (approximation) | €28,019 | -€199,732 | €111,612 | €42,128 | €170,189 | ▲ 304% |
| Investment in fixed assets (approximation) | - | - | -€24,750 | -€45,157 | -€2,415 | ▲ 94.7% |
| Change in cash | - | - | €100,864 | €44,492 | €49,009 | ▲ 10.2% |
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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 9 days late
2025
30-06
Financial
Highest result since 2018net €136,749 ▲853%
Operating result €127,449, net result €136,749, both a record.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
Financial
Back to profitnet €89,546
Net result €89,546 after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
30-06
Financial
Weakest financial yearnet -€217,113
Net result drops to -€217,113, the lowest in the series; recovery starts the following year.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €100,000Eq €103,043 ▲28%
3 profitable years in a row build equity to €103,043.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Zaventem · 1 establishment unit since 2005
Ground area
2,507 m²
Building footprint
546 m²
Volume, LiDAR
457 m³
Parcel 23078C0045/00X000, Flanders · tallest building 9.1 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BUILDGATES
since 20052.148.042.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0045/00X000 | Flanders | 2,507 m² | 1 · 546 m² | 9.1 m |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector, comparable size
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SDCOM
BE 1011.742.761
Kortrijk · Eq €76,377
BUILDINC
BE 0690.679.689
Brugge · Eq €76,368
Amston Garden
BE 0524.837.108
Knokke-Heist · Eq €76,180
Reni & Consulting
BE 0563.387.183
Hamme (Vl.) · Eq €76,985
Of 1,136 companies in sector 46130 we hold annual accounts for 646. 508 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
Founded30-06-2005
Fiscal year end30-06
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
47551Retail sale of household furniture
47791Retail sale of antiques
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874775395
Also
9925:BE0874775395
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.