Liquidity
15.86 was 2.43 in 2024
Short-term debts fell from €45,849 to €6,210.
BUILTRO
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €63,234 (2024)
€32,529▼ 48.6%
lowest -€8,962 (2020)
€12,996▼ 61.7%
peak €126,384 (2025)
€126,384▲ 11.5%
€6,510▼ 85.8%
Board2 names since 2021
2 directorsDidier Troubleyn and 1 other
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Gross margin from €63,234 to €32,529Result from €33,899 to €12,996Debts from €45,849 to €6,510Cash from €29,465 to €39,948
Key points
from the 2025 annual accountsFilings
32 annual accounts since 1994
Eight of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
95.1%
Higher solvency than 95% of companies in construction of buildings. Sector median 42.9% · 9,456 companies.
Checked score
97
Excellent
Financially stronger than 75% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 15.86, cash €39,948
Founded in 1993
Equity €126,384 (95.1% of total assets)
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 41, micro). It does better than 92% of them on solvency, 89% on liquidity, 62% on profitability and 56% 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 31-12-2025.
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, 31,368 companies had the same profile as BUILTRO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BUILTRO itself: 0.1% 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 31,368 companies, not a prediction for BUILTRO. 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 €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 15.86 (2.43 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 30.1% of total assets. 4.9% 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
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €126,384
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
28 days late
2023
29 days late
2022
30 days late
2021
30 days early
2020
31 days late
2019
43 days 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 9 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449880654
1 director appointed, 1 manager resigning, 1 reappointment
Resignation: Didier Troubleyn (manager and director) · Reappointment: Didier Troubleyn (director) · Appointment: Annemieke Delrue (director) · General meeting of 19-09-2023 · Gazette deed
First establishment
Varenstraat 19, Zottegem
Incorporation
published on 05-05-1993 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BUILTRO Zottegem | €132,893 | €32,529 | 95.1% | - |
| CLEMENT ET VOYEUX Juprelle | €142,189 | €41,073 | 90.6% | - |
| CONSTRUCTION METALLIQUE TONERO MARCO Dour | €156,944 | €44,960 | 43.4% | - |
| SAINT-MARD CONSTRUCTION Virton | €241,248 | €31,715 | 41.2% | - |
| SOGETOIT P.R. Anderlecht | €77,388 | €34,992 | 29.1% | - |
| Sas Pigeon Lofts Lille | €173,555 | €59,909 | 53.5% | - |
| JEROEN D'HONT Zele | €152,247 | €50,319 | 18.3% | - |
These companies have the same main activity as BUILTRO: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €77,400 and €241,000, founded between 1991 and 2005.
Official details
Source: KBO- Status
- Active since 22-04-1993Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Establishment unit
- 2.062.483.0869620 Zottegem, since 11-06-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 23-11-2025
Insights on BUILTRO
BUILTRO files the micro format. That format states no turnover. The gross margin rose from €25,033 in 2006 to €32,529 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 BUILTRO
- What is the company number of BUILTRO?
- The company number of BUILTRO is 0449.880.654. The VAT number is the same number with BE in front: BE 0449.880.654.
- Where is BUILTRO based?
- The registered office is at Varenstraat 19, 9620 Zottegem.Company details
- What does BUILTRO do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of BUILTRO?
- BUILTRO is a private limited company (BV).
- When was BUILTRO founded?
- BUILTRO was founded on 22-04-1993.
- Is BUILTRO still active?
- Yes, BUILTRO is an active enterprise in the KBO register.
- What is the turnover of BUILTRO?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €32,529 and 169 comparable companies (NACE 410). It probably lies between €120,000 and €410,000.Financials
- Is BUILTRO profitable?
- In financial year 2025, BUILTRO made a profit of €12,996.
- Where can I find the annual accounts of BUILTRO?
- BUILTRO filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BUILTRO due?
- BUILTRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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