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Cconstruct

Active
Private limited companyfounded 2013active for 13 yearsBiesemgoedstraat 33, 9880 Aalter, BelgiumKBO/BCE: BE 0502.257.387
Summary

Cconstruct has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336,831 and a net result of €39,784. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 31% of 9,583 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467360.

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€336,831▲ 13.4%
2024 · €297,047
Total assets
€1.2m▼ 11.3%
2024 · €1.3m
Net result
€39,784▼ 64.9%
2024 · €113,426
Working capital
-€93,674▲ 55.6%
2024 · -€210,844
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 60% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.09m 2025 Net result€0.04m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.03m=€0.02m▼ 29.0%€0.04m▲ 64.1%€0.1m▲ 211%€0.06m▼ 55.4%€0.2m▲ 281%€0.09m▼ 59.5%
Net result€0.01m-€0.01m=€0.01m▼ 9.6%€0.03mabove the sector's middle half▲ 149%€0.08mabove the sector's middle half▲ 158%€0.01mwithin the sector's middle half▼ 81.9%€0.1mwithin the sector's middle half▲ 702%€0.04mwithin the sector's middle half▼ 64.9%
Equity€0.08m-€0.08m=€0.09m▲ 14.6%€0.09mwithin the sector's middle half▼ 2.7%€0.2mabove the sector's middle half▲ 85.8%€0.2mabove the sector's middle half▲ 8.3%€0.3mwithin the sector's middle half▲ 61.8%€0.3mwithin the sector's middle half▲ 13.4%
Total assets€0.3m-€0.6m▲ 102%€0.6m=€0.6mabove the sector's middle half▲ 5.5%€0.8mabove the sector's middle half▲ 22.5%€1.1mabove the sector's middle half▲ 34.7%€1.3mwithin the sector's middle half▲ 26.4%€1.2mwithin the sector's middle half▼ 11.3%
Debt€0.2m-€0.5m▲ 141%€0.5m=€0.5m▲ 4.5%€0.6m▲ 12.0%€0.9m▲ 42.0%€1.0m▲ 19.0%€0.8m▼ 18.4%
Working capital€0.02m--€0.06m-€0.007m▲ 87.5%-€0.01mbelow the sector's middle half▼ 34.9%€0.05mwithin the sector's middle half-€0.09mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 140%-€0.09mbelow the sector's middle half▲ 55.6%
Solvency27.4%-13.5%▼ 13.9pp15.5%▲ 2.0pp14.3%below the sector's middle half▼ 1.2pp21.7%below the sector's middle half▲ 7.4pp17.4%below the sector's middle half▼ 4.2pp22.3%below the sector's middle half▲ 4.9pp28.5%within the sector's middle half▲ 6.2pp
Current ratio1.12-0.82▼ 0.300.98▲ 0.160.98below the sector's middle half=1.11within the sector's middle half▲ 0.140.79below the sector's middle half▼ 0.320.61below the sector's middle half▼ 0.180.79below the sector's middle half▲ 0.18
Return on assets (ROA)4.5%-2.2%▼ 2.3pp2.0%▼ 0.2pp4.7%within the sector's middle half▲ 2.7pp10.0%within the sector's middle half▲ 5.3pp1.3%within the sector's middle half▼ 8.7pp8.5%within the sector's middle half▲ 7.2pp3.4%within the sector's middle half▼ 5.1pp
Staff (FTE)2.3-2.3=2.4▲ 4.3%2▼ 16.7%3.1▲ 55.0%4.6▲ 48.4%4.2within the sector's middle half▼ 8.7%4within the sector's middle half▼ 4.8%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €828,783 ▼ 16.9%
Current assets €353,396 ▲ 5.4%
Equity and liabilities €1.2m
Equity €336,831 ▲ 13.4%
Debt €845,348 ▼ 18.4%
Debt's share of the balance-sheet total falls from 77.7% to 71.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€265,686▼
2024 · €352,159
Cash flow
€220,340▼
2024 · €255,260
Quick ratio
0.77▲
2024 · 0.60
Debt to equity
2.51▼
2024 · 3.49
ROE
11.8%▼
2024 · 38.2%
Interest coverage
11.45▲
2024 · 7.41
Debt ≤ 1 year
€447,069▼
2024 · €546,053
Debt > 1 year
€391,826▼
2024 · €467,271
Income taxes
€31,726▼
2024 · €57,068
Staff costs
€129,724▼
2024 · €168,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.4% went bankrupt
1.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 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 4,508 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.3m€1.2m▼
Fixed assets21/28€1.0m€0.8m▼
Tangible fixed assets22/27€1.0m€0.8m▼
Land and buildings22€0.1m€0.1m▼
Plant, machinery and equipment23€0.3m€0.2m▼
Furniture and vehicles24€0.3m€0.3m▼
Leasing and similar rights25€0.3m€0.3m▼
Financial fixed assets28€0.003m€0.003m=
Current assets29/58€0.3m€0.4m▲
Stocks and contracts in progress3€0.009m€0.009m=
Stocks30/36€0.009m€0.009m=
Amounts receivable within one year40/41€0.1m€0.2m▲
Trade receivables40€0.04m€0.03m▼
Other amounts receivable41€0.1m€0.1m▲
Cash at bank and in hand54/58€0.2m€0.2m▲
Deferred charges and accrued income490/1€0.01m€0.006m▼
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.2m▼
Equity10/15€0.3m€0.3m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.3m€0.3m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.01m€0.01m=
Distributable reserves133€0.3m€0.3m▲
Profit (loss) carried forward14-€252-€252=
Amounts payable17/49€1.0m€0.8m▼
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.5m€0.4m▼
Amounts payable within one year42/48€0.5m€0.4m▼
Current portion of amounts payable after more than one year42€0.1m€0.1m▼
Trade debts44€0.3m€0.2m▼
Suppliers440/4€0.3m€0.2m▼
Advances received on contracts in progress46€0.007m€0.007m=
Taxes, remuneration and social security45€0.07m€0.1m▲
Taxes450/3€0.06m€0.09m▲
Remuneration and social security454/9€0.01m€0.008m▼
Other amounts payable47/48€0.06m€0.001m▼
Accrued charges and deferred income492/3€0.02m€0.006m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.2m€0.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.2m▲
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.5m€0.4m▼
Operating profit (loss)9901€0.2m€0.09m▼
Financial income75/76B€0.008m€0.01m▲
Recurring financial income75€0.008m€0.01m▲
Financial charges65/66B€0.05m€0.02m▼
Recurring financial charges65€0.05m€0.02m▼
Profit (loss) for the period before taxes9903€0.2m€0.07m▼
Income taxes67/77€0.06m€0.03m▼
Profit (loss) for the period9904€0.1m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.04m▼
Profit (loss) brought forward from the previous period14P-€252-€252=
Transfer to equity691/2€0.1m€0.04m▼
To other reserves6921€0.1m€0.04m▼
Social balance sheet
Average headcount (FTE)90874.24.0▼

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€66,658€129,702€207,043€168,097€129,724▼ 22.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67,890€123,445€123,445€109,829€119,362€169,966€141,834€180,556▲ 27.3%
Other operating charges640/8---€5,632€7,385€11,825€9,910€10,594▲ 6.9%
Gross operating margin9900€219,001€234,585€234,585€222,002€380,303€444,109€530,167€406,004▼ 23.4%
Operating profit (loss)9901€34,211€34,211€24,306€39,883€123,855€55,275€210,325€85,131▼ 59.5%
Financial income75/76B---€1,968€3,240€6,525€7,717€9,586▲ 24.2%
Recurring financial income75€849€849€736€1,968€3,240€6,525€7,717€9,586▲ 24.2%
Financial charges65/66B---€8,487€22,437€43,405€47,548€23,206▼ 51.2%
Recurring financial charges65€11,340€11,340€10,723€8,487€22,437€43,405€47,548€23,206▼ 51.2%
Profit (loss) for the period before taxes9903€23,721€23,721€13,647€33,364€104,657€18,396€170,494€71,510▼ 58.1%
Income taxes67/77€10,259€10,259€1,473€3,033€26,380€4,253€57,068€31,726▼ 44.4%
Profit (loss) for the period9904€13,462€13,462€12,173€30,331€78,277€14,142€113,426€39,784▼ 64.9%
Profit (loss) for the period to be appropriated9905€13,462€13,462€12,173€30,331€78,277€14,142€113,426€39,784▼ 64.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.3m€0.6m€0.6m€0.6m€0.8m€1.1m€1.3m€1.2m▼ 11.3%
Fixed assets21/28€0.1m€0.3m€0.3m€0.3m€0.3m€0.7m€1.0m€0.8m▼ 16.9%
Tangible fixed assets22/27€0.1m€0.3m€0.3m€0.3m€0.3m€0.7m€1.0m€0.8m▼ 17.0%
Land and buildings22-----€0.09m€0.1m€0.1m▼ 8.3%
Plant, machinery and equipment23---€0.2m€0.2m€0.2m€0.3m€0.2m▼ 27.5%
Furniture and vehicles24---€0.04m€0.03m€0.1m€0.3m€0.3m▼ 23.4%
Leasing and similar rights25---€0.04m€0.02m€0.3m€0.3m€0.3m▼ 3.6%
Financial fixed assets28-----€0.003m€0.003m€0.003m=
Current assets29/58€0.2m€0.3m€0.3m€0.4m€0.5m€0.3m€0.3m€0.4m▲ 5.4%
Stocks and contracts in progress3€0.01m€0.01m€0.01m€0.02m€0.01m€0.01m€0.009m€0.009m=
Stocks30/36---€0.01m€0.01m€0.01m€0.009m€0.009m=
Contracts in progress37---€0.008m€0----
Amounts receivable within one year40/41€0.1m€0.1m€0.1m€0.08m€0.1m€0.1m€0.1m€0.2m▲ 15.7%
Trade receivables40---€0.07m€0.02m€0.001m€0.04m€0.03m▼ 35.1%
Other amounts receivable41---€0.02m€0.09m€0.09m€0.1m€0.1m▲ 36.9%
Cash at bank and in hand54/58€0.01m€0.1m€0.1m€0.3m€0.3m€0.2m€0.2m€0.2m▲ 1.2%
Deferred charges and accrued income490/1---€0.03m€0.02m€0.02m€0.01m€0.006m▼ 47.2%
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.6m€0.6m€0.6m€0.8m€1.1m€1.3m€1.2m▼ 11.3%
Equity10/15€0.08m€0.08m€0.09m€0.09m€0.2m€0.2m€0.3m€0.3m▲ 13.4%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.06m€0.06m€0.08m€0.07m€0.2m€0.2m€0.3m€0.3m▲ 14.3%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€0.06m€0.1m€0.2m€0.3m€0.3m▲ 15.1%
Profit (loss) carried forward14--€252-€252-€252-€252-€252-€252-€252=
Amounts payable17/49€0.2m€0.5m€0.5m€0.5m€0.6m€0.9m€1.0m€0.8m▼ 18.4%
Amounts payable after more than one year17€0.08m€0.2m€0.2m€0.1m€0.2m€0.4m€0.5m€0.4m▼ 16.1%
Financial debts170/4---€0.1m€0.2m€0.4m€0.5m€0.4m▼ 16.1%
Amounts payable within one year42/48€0.1m€0.3m€0.3m€0.4m€0.4m€0.4m€0.5m€0.4m▼ 18.1%
Current portion of amounts payable after more than one year42---€0.06m€0.07m€0.1m€0.1m€0.1m▼ 1.2%
Trade debts44€0.03m€0.2m€0.2m€0.2m€0.3m€0.3m€0.3m€0.2m▼ 22.9%
Suppliers440/4---€0.2m€0.3m€0.3m€0.3m€0.2m▼ 22.9%
Advances received on contracts in progress46------€0.007m€0.007m=
Taxes, remuneration and social security45---€0.02m€0.05m€0.02m€0.07m€0.1m▲ 43.4%
Taxes450/3---€0.01m€0.04m€0.008m€0.06m€0.09m▲ 55.4%
Remuneration and social security454/9---€0.01m€0.01m€0.01m€0.01m€0.008m▼ 23.8%
Other amounts payable47/48---€0.08m€0.03m€0.03m€0.06m€0.001m▼ 99.1%
Accrued charges and deferred income492/3---€0.006m€0.006m€0.006m€0.02m€0.006m▼ 71.1%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€13,462€13,462€12,173€30,331€78,277€14,142€113,426€39,784▼ 64.9%
+ Depreciation and write-downs630€67,890€123,445€123,445€109,829€119,362€169,966€141,834€180,556▲ 27.3%
Operating cash flow (approximation)€81,352€136,907€135,618€140,160€197,638€184,108€255,260€220,340▼ 13.7%
Investment in fixed assets (approximation)--€317,676-€123,445-€20,139-€168,175-€590,998-€417,870-€11,867▲ 97.2%
Change in cash-€118,159€0€128,680€78,924-€133,289-€21,955€2,097-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Public contracts: not fully processed yet. The notices from August 2025 to September 2026 are still being read.