Equity
€268,239 from €514,197 in 2022
Equity fell by 48% in 3 years.
CONCEPT
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1992peak €150,902 (2016)
-€14,080▼ €27,654
lowest -€55,683 (2023)
-€29,631▼ €25,450
peak €514,197 (2022)
€268,239▼ 9.9%
€288,679▲ 203%
Board1 name since 2022
1 directorClaeys Annick
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €13,574 to -€14,080Loss of €29,631Debts from €95,365 to €288,679Cash from €11,583 to €184,623
Key points
from the 2025 annual accountsLosses
-€89,496 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€288,679 ▲ 203%
Debts rose by €193,314 in 2025.
Liquidity
1.79 was 3.55 in 2024
Short-term debts rose from €94,977 to €288,279.
Filings
33 annual accounts since 1992
The last five annual accounts were filed 0 to 39 days before the end of the period.
Position in the sector
-€29,631
Lower net result than 94% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Turnover not published (abbreviated or micro format)
Checked score
89
Excellent
Financially stronger than 41% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% 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 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 0.8%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 0.2%▼ -0.6 percentage points vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Loss of €29,631, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 1.79, cash €184,623
Founded in 1991
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 56% of them on solvency, 70% on liquidity, 14% on profitability and 25% 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 30-09-2025.
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, 8,617 companies had the same profile as CONCEPT has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONCEPT itself: 0.2% 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 8,617 companies, not a prediction for CONCEPT. 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 €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.79 (3.55 in 2024), above the usual 1.5. Short-term debt is 51.8% and cash 33.2% of total assets. However, 51.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€29,631
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 day early
2023
1 day early
2022
30 days early
2021
39 days early
2020
29 days early
2019
20 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 17 days before 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (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
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443701358
Environmental permit granted
Bouwen of herbouwen · Deinze
Environmental permit granted
Bouwen of herbouwen, Verwijderen van vrijstaande gebouwen · Merelbeke-Melle
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Gent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONCEPT Ghent | €556,918 | -€14,080 | 48.2% | - |
| BARINA Erpe-Mere | €505,770 | -€52,922 | 15.6% | - |
| NINiVE CONSTRUCT Ninove | €548,746 | -€185,125 | -33.6% | - |
| TOPKNIT Sint-Niklaas | €476,252 | -€52,488 | 85.9% | - |
| MANFILCONSTRUCT Namur | €536,701 | -€18,377 | 63.2% | - |
| BOUWONDERNEMING MICHIELS Heist-op-den-Berg | €568,235 | -€11,321 | 97.1% | - |
| ROBOMA Gistel | €570,056 | -€5,424 | 95.3% | - |
These companies have the same main activity as CONCEPT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €476,000 and €570,000, founded between 1989 and 1995.
Official details
Source: KBO- Status
- Active since 29-03-1991Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.052.742.0119031 Ghent, since 08-05-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 31-03-2026
Annual accounts to 30-09-2025
- €556,918▲ 41.6%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on CONCEPT
CONCEPT files the micro format. That format states no turnover. The gross margin fell from €29,534 in 2006 to -€14,080 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 CONCEPT
- What is the company number of CONCEPT?
- The company number of CONCEPT is 0443.701.358. The VAT number is the same number with BE in front: BE 0443.701.358.
- Where is CONCEPT based?
- The registered office is at Mariakerksesteenweg 207, 9031 Ghent.Company details
- What does CONCEPT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CONCEPT?
- CONCEPT is a private limited company (pre-2019) (BVBA).
- When was CONCEPT founded?
- CONCEPT was founded on 29-03-1991.
- Is CONCEPT still active?
- Yes, CONCEPT is an active enterprise in the KBO register.
- What is the turnover of CONCEPT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is CONCEPT profitable?
- In financial year 2025, CONCEPT made a loss of €29,631.
- Where can I find the annual accounts of CONCEPT?
- CONCEPT filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONCEPT due?
- CONCEPT must file the annual accounts for financial year 2026 by 30-04-2027.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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