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BUILDUP

Active Private limited companyfounded 2021active for 5 yearsHarelbeeksestraat 24, 8860 LendeledeKBO/BCE: BE 0776.681.968 #6 company by equity in Lendelede, Construction sector

Lifetime

4 annual accounts with figures on one time axis
peak €167,050 (2022)
€84,296▲ 125%
peak €90,109 (2022)
€29,992▲ 373×
peak €1.1m (2025)
€1.1m▲ 0.8%
€189,231▲ 132%
Board1 name since 2021
1 director
Documentsfilings and deeds
21-07-202610 days before the deadline
2025micro format
Gross margin from €37,486 to €84,296Result from €80 to €29,992Dividend €21,500Debts from €81,630 to €189,231Cash from €14,688 to €29,001

Key points

from the 2025 annual accounts

Equity

€1.1m ▲ 0.8%
1.12024+0.03Profit-0.02Dividend1.12025

BUILDUP paid out €21,500 in dividends. That is 72% of the 2025 profit.

Turnover

≈ €340,000 estimated

The micro format states no turnover.

Debts

€189,231 ▲ 132%
Suppliers
+87,166
Taxes and wages
+28,597
Other debts
+5,955
The rest
-14,117

Debts rose by €107,601 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Liquidity

2.72 was 5.95 in 2024

Short-term debts rose from €59,991 to €181,956.

Filings

4 annual accounts 1 late
AprilJune31 JulyOctober2022202320242025

The 2024 accounts came 28 days late. The other three were filed on time.

Position in the sector

€1.1m

More equity than 95% of companies in specialised construction. Sector median €57,824 · 37,191 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,638 companies had the same profile as BUILDUP has now. Each dot stands for 5 companies, two years later.

95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 1,638 companies, not a prediction for BUILDUP. 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

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 26-10-2021
  • 200 sharesdeed of 10-11-2021
  • 200 sharesdeed of 10-11-2021

Shares in 1 company,

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0776681968
Incorporation Demerger: BOURGONDISCH KRUIS splits off to BUILDUP · Appointment: (director) · 400 shares · published on 10-11-2021 · Gazette deed
First establishment Harelbeeksestraat 24, Lendelede
All 8 events

Comparable companies

same main activity, similar in size and age
Company
BUILDUP Lendelede €1.3m €84,296 84.1% -
Denolf Giel Ypres €0.8m €85,027 16.7% -
ATELIER MARKIS Sint-Gillis-Waas €1.1m €103,590 -0.5% -
Boisalumetal Belgium Etterbeek €1.4m €104,828 54.2% -
COLMAN INTERIEUR Laarne €1.1m €60,828 10.8% -
BP IMMO INVEST Cerfontaine €1.4m €136,781 3.0% -
Jordaan Interieur Lo-Reninge €0.9m €131,635 18.8% -

These companies have the same main activity as BUILDUP: joinery installation (NACE 43320). They are comparable in size and age: total assets between €843,000 and €1.4m, founded between 2020 and 2022.

Official details

Source: KBO
Status
Active since 26-10-2021Normal situation
Activity
Joinery installationNACE 43320and 3 others
Establishment unit
2.324.139.3018860 Lendelede, since 26-10-2021
Financial year end
31 December
Peppol
Reachable since 11-12-2025
Company details

Annual accounts 2025

€1.3m▲ 9.4%
Filing
Filed on 21-07-2026, 10 days before the end of the filing period
Financials

Insights on BUILDUP

BUILDUP files the micro format. That format states no turnover. The gross margin fell from €167,050 in 2022 to €84,296 in 2025.

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 BUILDUP

What is the company number of BUILDUP?
The company number of BUILDUP is 0776.681.968. The VAT number is the same number with BE in front: BE 0776.681.968.
Where is BUILDUP based?
The registered office is at Harelbeeksestraat 24, 8860 Lendelede.Company details
What does BUILDUP do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of BUILDUP?
BUILDUP is a private limited company (BV).
When was BUILDUP founded?
BUILDUP was founded on 26-10-2021.
Is BUILDUP still active?
Yes, BUILDUP is an active enterprise in the KBO register.
What is the turnover of BUILDUP?
The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €84,296 and 39 comparable companies (NACE 43320). It probably lies between €250,000 and €520,000.Financials
Is BUILDUP profitable?
In financial year 2025, BUILDUP made a profit of €29,992.
Where can I find the annual accounts of BUILDUP?
BUILDUP filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BUILDUP due?
BUILDUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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