Equity
€568,495 ▲ 75.0%
Building Solution paid out €57,127 in dividends. That is 19% of the 2025 profit.
Building Solution
Lifetime
9 annual accounts with figures on one time axispeak €935,237 (2025)
€935,237▲ 56.0%
lowest -€32,465 (2020)
€300,845▲ 317%
peak €568,495 (2025)
€568,495▲ 75.0%
€440,057▼ 39.4%
peak 7.7 FTE (2018)
6 FTE▼ 6.3%
Board3 names since 2015
3 directorsPatrick Van Buggenhout and 2 others
Documentsfilings and deeds
19-01-202612 days before the deadline
2025abbreviated format
Gross margin from €599,679 to €935,237Result from €72,217 to €300,845Dividend €57,127Equity from €324,776 to €568,495Debts from €725,625 to €440,057
Key points
from the 2025 annual accountsResult
€300,845 ▲ 317%
The result rose in 2025 from €72,217 to €300,845.
Staff
6 employees on 30-06-2025
In 2025, 1 person joined and 2 left.
Liquidity
2.57 was 1.23 in 2024
Short-term debts fell from €477,370 to €228,526.
Filings
9 annual accounts since 2017
The last five annual accounts were filed 4 to 45 days before the end of the period.
Position in the sector
€300,845
Higher net result than 92% of companies in specialised construction. Sector median €26,646 · 9,965 companies.
Checked score
88
Excellent
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.2 percentage points vs 12-2025highest value
02-2026: 0.4%▼ -0.6 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Figures for financial year 2025 (filed on 19-01-2026)
Equity €568,495 (56.4% of total assets)
Founded in 2015
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 61% of them on solvency, 46% on liquidity, 92% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as Building Solution has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Building Solution itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Building Solution. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (1.23 in 2024), above the usual 1.5. Short-term debt is 22.7% and cash 7.6% of total assets. 43.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
12 days early
2024
45 days early
2023
43 days early
2022
41 days early
2021
4 days early
2020
2 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Resignation: Patrick Van Buggenhout (director)
General meeting of 31-03-2026 · Gazette deed
Registered office moved from Erembodegem to Aalter
New registered office: Venecolaan 54B, 9880 Aalter · Previous registered office: Termurenlaan 19 bus 12, 9320 Erembodegem · General meeting of 01-04-2020 · Gazette deed
Incorporation
published on 09-10-2015 · Gazette deed
First establishment
ELECTRO SYSTEMS, Venecolaan 54B, Aalter
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Building Solution Aalter | €1.0m | €0.9m | 56.4% | 6 |
| SCIEUR ELEC Walcourt | €1.0m | €1.0m | 2.1% | 7 |
| Apollo Deinze | €1.1m | €0.6m | 46.8% | 6.4 |
| BVK SECURITY Lede | €1.3m | €0.7m | 43.7% | 5.8 |
| PERILEC Aalst | €0.9m | €0.6m | 48.4% | 5.4 |
| SVD-Solutions Erpe-Mere | €1.2m | €0.5m | 45.2% | 6.2 |
| WIRELINE Heist-op-den-Berg | €1.2m | €0.7m | 47.9% | 6 |
These companies have the same main activity as Building Solution: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €880,000 and €1.3m, founded between 2011 and 2018.
Official details
Source: KBO- Status
- Active since 07-10-2015Normal situation
- Registered office
- 13 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.250.111.8699880 Aalter, since 07-10-2015
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- ≈ €2.1mestimated
- €1.0m▼ 4.0%
- Employeeson 30-06-2025
- 6▼ 14.3%
- Filing
- Filed on 19-01-2026, 12 days before the end of the filing period
Insights on Building Solution
Building Solution files the abbreviated format. That format states no turnover. The gross margin rose from €269,817 in 2017 to €935,237 in 2025.
The balance sheet grew most from 2018 to 2019 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Building Solution
- What is the company number of Building Solution?
- The company number of Building Solution is 0640.685.097. The VAT number is the same number with BE in front: BE 0640.685.097.
- Where is Building Solution based?
- The registered office is at Venecolaan 54B, 9880 Aalter.Company details
- What does Building Solution do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Building Solution?
- Building Solution is a private limited company (pre-2019) (BVBA).
- When was Building Solution founded?
- Building Solution was founded on 07-10-2015.
- Is Building Solution still active?
- Yes, Building Solution is an active enterprise in the KBO register.
- How many employees does Building Solution have?
- Building Solution had an average of 6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Building Solution?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €935,237 and 35 comparable companies (NACE 43211). It probably lies between €1.8m and €2.6m.
- Is Building Solution profitable?
- In financial year 2025, Building Solution made a profit of €300,845.
- Where can I find the annual accounts of Building Solution?
- Building Solution filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Building Solution due?
- Building Solution must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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