COMMERCE CONSTRUCTION
ActiveCOMMERCE CONSTRUCTION has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €495k and a net result of €24k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-1
Solvency37▼-26
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 0.78 in 2024; short-term debt: 82.8% and cash: 0.2% of total assets), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 9 filingsDeviation from the deadline
2025
4 d late
2024
6 d late
2023
9 d late
2022
7 d late
2021
2 d late
2020
13 d late
2019
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€539k▲ 32,564%
2024 · €2k
2019: €16.85M
2020: €986k
2021: €0
2022: €17.11M
2023: €487k
2024: €2k
2019 → 2025
EBIT margin
5.3%▲ 1733.8pp
2024 · -1728.4%
2019: 15.3%
2020: 30.6%
2022: 7.7%
2023: 58.9%
2024: -1728.4%
2019 → 2025
Net result
€24k▲ 105%
2024 · €12k
2018: €-34k
2019: €1.83M
2020: €145k
2021: €-79k
2022: €972k
2023: €262k
2024: €12k
2018 → 2025
Working capital
€502k
2024 · €-174k
2018: €-2.20M
2019: €1.25M
2020: €3.82M
2021: €-270k
2022: €-52k
2023: €-282k
2024: €-174k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€17.11M€487k▼ 97.2%€2k▼ 99.7%€539k▲ 32,564%
Equity€225k-€1.20M▲ 433%€459k▼ 61.6%€471k▲ 2.6%€495k▲ 5.1%
Operating result€32k-€1.32M▲ 4,086%€287k▼ 78.3%€-29k€29k
Net result€-79k-€972k€262k▼ 73.0%€12k▼ 95.5%€24k▲ 105%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29k after a loss of €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.24M
Fixed assets
€227k▼ 64.8%
Current assets
€4.01M▲ 560%
Equity and liabilities €4.24M
Equity
€495k▲ 5.1%
Debt
€3.74M▲ 379%
The debt ratio rises from 62.4% to 88.3%. Equity and debt are higher.
Key figures and ratios
Solvency
11.7%▼
2024 · 37.6%
Current ratio
1.14▲
2024 · 0.78
Quick ratio
0.04▼
2024 · 0.10
Debt / equity
7.55▲
2024 · 1.66
ROE
4.9%▲
2024 · 2.5%
ROA
0.6%▼
2024 · 0.9%
Debt
€3.74M▲
2024 · €782k
Debt ≤ 1 year
€3.51M▲
2024 · €782k
Debt > 1 year
€234k
Income taxes
€9k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€4.24M▲
Fixed assets21/28€646k€227k▼
Financial fixed assets28€646k€227k▼
Affiliated companies280/1€646k€227k▼
Amounts receivable281€646k€227k▼
Current assets29/58€607k€4.01M▲
Stocks and contracts in progress3€531k€3.87M▲
Stocks30/36€531k€3.87M▲
Work in progress32€531k€3.87M▲
Amounts receivable within one year40/41€5k€42k▲
Trade receivables40€4k€2k▼
Other amounts receivable41€709€40k▲
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€66k€84k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€4.24M▲
Equity10/15€471k€495k▲
Contributions10/11€19k€19k=
Reserves13€452k€477k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€451k€475k▲
Amounts payable17/49€782k€3.74M▲
Amounts payable after more than one year17-€234k
Financial debts170/4-€234k
Other loans174-€234k
Amounts payable within one year42/48€782k€3.51M▲
Trade debts44€166k€3.50M▲
Suppliers440/4€166k€3.50M▲
Advances received on contracts in progress46€612k€0▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0€307▲
Income statement
Code20242025
Operating income70/76A€18k€3.90M▲
Turnover70€2k€539k▲
Change in stocks of work in progress, finished goods and contracts in progress71€15k€3.34M▲
Other operating income74€2k€16k▲
Operating charges60/66A€47k€3.87M▲
Goods for resale, raw materials and consumables60€15k€3.85M▲
Purchases600/8€15k€3.85M▲
Services and other goods61€27k€17k▼
Other operating charges640/8€2k€998▼
Non-recurring operating charges66A€3k€0▼
Operating profit (loss)9901€-29k€29k▲
Financial income75/76B€46k€18k▼
Recurring financial income75€46k€18k▼
Income from financial fixed assets750€41k€18k▼
Income from current assets751€5k€0▼
Financial charges65/66B€1k€14k▲
Recurring financial charges65€1k€14k▲
Debt charges650€0€307▲
Other financial charges652/9€1k€14k▲
Profit (loss) for the period before taxes9903€16k€33k▲
Income taxes67/77€4k€9k▲
Taxes670/3€4k€9k▲
Profit (loss) for the period9904€12k€24k▲
Profit (loss) for the period to be appropriated9905€12k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€24k▲
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€12k€24k▲
To other reserves6921€12k€24k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Back to profitnet €972k
Net result €972k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.20M ▲433%
Equity rises from €225k to €1.20M.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-12
Financial
Weakest financial yearnet €-79k ▼155%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Back to profitnet €1.83M
Net result €1.83M after one loss-making year.
31-12
Financial
Equity above €1MEq €1.81M
Equity rises from €-17k to €1.81M.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Woluwe · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Woluwelaan 21150 Sint-Pieters-WoluweGround area
3,818 m²
Building footprint
2,331 m²
Volume, LiDAR
41,429 m³
2 parcels, Brussels · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
COMMERCE CONSTRUCTION
since 20162.251.551.429
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0075/00K000 | Brussels | 3,217 m² | 1 · 1,911 m² | 26.1 m · 7 fl. |
| 21911C0140/00A012 | Brussels | 601 m² | 1 · 420 m² | 24.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 4,716 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2016
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.