CONCEPT
ActiveSummary
CONCEPT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268k and a net result of €-30k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-55
Solvency73▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 3.55 in 2024; short-term debt: 51.8% and cash: 33.2% of total assets), but 51.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
1819202122232425
2018 to 2025 · latest year €-30k
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 d early
2023
1 d early
2022
30 d early
2021
39 d early
2020
29 d early
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€268k▼ 9.9%
2024 · €298k
2018: €386k
2019: €402k▲ +4.1% vs 2018
2020: €460k▲ +14.4% vs 2019
2021: €470k▲ +2.2% vs 2020
2022: €514k▲ +9.4% vs 2021highest in 8 years
2023: €362k▼ -29.6% vs 2022
2024: €298k▼ -17.7% vs 2023
2025: €268k▼ -9.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€557k▲ 41.6%
2024 · €393k
2018: €548k
2019: €563k▲ +2.7% vs 2018
2020: €558k▼ -0.9% vs 2019
2021: €582k▲ +4.4% vs 2020highest in 8 years
2022: €560k▼ -3.9% vs 2021
2023: €373k▼ -33.4% vs 2022lowest in 8 years
2024: €393k▲ +5.5% vs 2023
2025: €557k▲ +41.6% vs 2024
2018 → 2025
Net result
€-30k▼ 609%
2024 · €-4k
2018: €48k
2019: €16k▼ -66.7% vs 2018
2020: €58k▲ +266% vs 2019highest in 8 years
2021: €10k▼ -82.9% vs 2020
2022: €44k▲ +346% vs 2021
2023: €-56k▼ -226% vs 2022lowest in 8 years
2024: €-4k▲ +92.5% vs 2023
2025: €-30k▼ -609% vs 2024
2018 → 2025
Working capital
€229k▼ 5.5%
2024 · €242k
2018: €338k
2019: €367k▲ +8.4% vs 2018
2020: €437k▲ +19.3% vs 2019
2021: €460k▲ +5.1% vs 2020highest in 8 years
2022: €432k▼ -6.0% vs 2021
2023: €292k▼ -32.4% vs 2022
2024: €242k▼ -17.1% vs 2023
2025: €229k▼ -5.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€470k-€514k▲ 9.4%€362k▼ 29.6%€298k▼ 17.7%€268k▼ 9.9%
2021: €470k
2022: €514k▲ +9.4% vs 2021highest in 5 years
2023: €362k▼ -29.6% vs 2022
2024: €298k▼ -17.7% vs 2023
2025: €268k▼ -9.9% vs 2024lowest in 5 years
Operating result€12k-€56k▲ 357%€-55k€-4k▲ 93.4%€-31k▼ 762%
2021: €12k
2022: €56k▲ +357% vs 2021highest in 5 years
2023: €-55k▼ -198% vs 2022lowest in 5 years
2024: €-4k▲ +93.4% vs 2023
2025: €-31k▼ -762% vs 2024
Net result€10k-€44k▲ 346%€-56k€-4k▲ 92.5%€-30k▼ 609%
2021: €10k
2022: €44k▲ +346% vs 2021highest in 5 years
2023: €-56k▼ -226% vs 2022lowest in 5 years
2024: €-4k▲ +92.5% vs 2023
2025: €-30k▼ -609% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557k
Fixed assets
€40k ▼ 29.0%
Current assets
€517k ▲ 53.3%
Equity and liabilities €557k
Equity
€268k ▼ 9.9%
Debt
€289k ▲ 203%
Debt's share of the balance-sheet total rises from 24.3% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2024 · €12k
Cash flow
€-14k▼
2024 · €11k
Current ratio
1.79▼
2024 · 3.55
Quick ratio
1.78▲
2024 · 1.20
Debt to equity
1.08▲
2024 · 0.32
ROE
-11.0%▼
2024 · -1.4%
ROA
-5.3%▼
2024 · -1.1%
Interest coverage
-345.97▼
2024 · 244.07
Debt ≤ 1 year
€288k▲
2024 · €95k
Income taxes
€521▲
2024 · €504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€393k€557k▲
Fixed assets21/28€56k€40k▼
Tangible fixed assets22/27€45k€30k▼
Furniture and vehicles24€45k€30k▼
Financial fixed assets28€11k€10k▼
Current assets29/58€337k€517k▲
Stocks and contracts in progress3€223k€3k▼
Stocks30/36€223k€3k▼
Amounts receivable within one year40/41€103k€330k▲
Trade receivables40€43k-
Other amounts receivable41€60k€330k▲
Cash at bank and in hand54/58€12k€185k▲
Equity and liabilities
Total equity and liabilities10/49€393k€557k▲
Equity10/15€298k€268k▼
Contributions10/11€19k€19k=
Reserves13€279k€249k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€277k€247k▼
Profit (loss) carried forward14€610€979▲
Amounts payable17/49€95k€289k▲
Amounts payable within one year42/48€95k€288k▲
Trade debts44€35k€65k▲
Suppliers440/4€35k€65k▲
Taxes, remuneration and social security45€4€163k▲
Taxes450/3€4€163k▲
Other amounts payable47/48€60k€60k=
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€14k€-14k▼
Operating profit (loss)9901€-4k€-31k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€48€46▼
Recurring financial charges65€48€46▼
Profit (loss) for the period before taxes9903€-4k€-29k▼
Income taxes67/77€504€521▲
Profit (loss) for the period9904€-4k€-30k▼
Profit (loss) for the period to be appropriated9905€-4k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-29k▼
Profit (loss) brought forward from the previous period14P€792€610▼
Transfer from equity791/2€64k€30k▼
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €1k | €15k | €15k | €15k | = |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 1.3% |
| Gross operating margin9900 | €27k | €59k | €-39k | €14k | €-14k | ▼ 204% |
| Operating profit (loss)9901 | €12k | €56k | €-55k | €-4k | €-31k | ▼ 762% |
| Financial income75/76B | - | €1k | €108 | - | €2k | - |
| Recurring financial income75 | €49 | €1k | €108 | - | €2k | - |
| Financial charges65/66B | - | €131 | €57 | €48 | €46 | ▼ 2.1% |
| Recurring financial charges65 | €55 | €131 | €57 | €48 | €46 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €12k | €57k | €-55k | €-4k | €-29k | ▼ 691% |
| Income taxes67/77 | €2k | €13k | €477 | €504 | €521 | ▲ 3.5% |
| Profit (loss) for the period9904 | €10k | €44k | €-56k | €-4k | €-30k | ▼ 609% |
| Profit (loss) for the period to be appropriated9905 | €10k | €44k | €-56k | €-4k | €-30k | ▼ 609% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €582k | €560k | €373k | €393k | €557k | ▲ 41.6% |
| Fixed assets21/28 | €10k | €82k | €70k | €56k | €40k | ▼ 29.0% |
| Tangible fixed assets22/27 | - | €72k | €60k | €45k | €30k | ▼ 34.0% |
| Furniture and vehicles24 | - | €72k | €60k | €45k | €30k | ▼ 34.0% |
| Financial fixed assets28 | €10k | €10k | €10k | €11k | €10k | ▼ 8.6% |
| Current assets29/58 | €572k | €477k | €303k | €337k | €517k | ▲ 53.3% |
| Stocks and contracts in progress3 | €225k | €3k | €17k | €223k | €3k | ▼ 98.7% |
| Stocks30/36 | - | €3k | €17k | €223k | €3k | ▼ 98.7% |
| Amounts receivable within one year40/41 | €209k | €306k | €85k | €103k | €330k | ▲ 221% |
| Trade receivables40 | - | €24k | €19k | €43k | - | - |
| Other amounts receivable41 | - | €282k | €66k | €60k | €330k | ▲ 448% |
| Cash at bank and in hand54/58 | €138k | €168k | €201k | €12k | €185k | ▲ 1,494% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €582k | €560k | €373k | €393k | €557k | ▲ 41.6% |
| Equity10/15 | €470k | €514k | €362k | €298k | €268k | ▼ 9.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €451k | €495k | €343k | €279k | €249k | ▼ 10.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €493k | €341k | €277k | €247k | ▼ 10.8% |
| Profit (loss) carried forward14 | €760 | €762 | €792 | €610 | €979 | ▲ 60.4% |
| Amounts payable17/49 | €112k | €45k | €11k | €95k | €289k | ▲ 203% |
| Amounts payable within one year42/48 | €112k | €45k | €10k | €95k | €288k | ▲ 204% |
| Trade debts44 | €58k | €16k | €7k | €35k | €65k | ▲ 86.7% |
| Suppliers440/4 | - | €16k | €7k | €35k | €65k | ▲ 86.7% |
| Advances received on contracts in progress46 | - | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €24k | €3k | €4 | €163k | ▲ 4,501,736% |
| Taxes450/3 | - | €24k | €3k | €4 | €163k | ▲ 4,501,736% |
| Other amounts payable47/48 | - | €427 | - | €60k | €60k | = |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €44k | €-56k | €-4k | €-30k | ▼ 609% |
| + Depreciation and write-downs630 | €13k | €1k | €15k | €15k | €15k | = |
| Operating cash flow (approximation) | €22k | €45k | €-41k | €11k | €-14k | ▼ 230% |
| Investment in fixed assets (approximation) | - | €-74k | €-3k | €-950 | €950 | ▲ 200% |
| Change in cash | - | €30k | €33k | €-190k | €173k | ▲ 191% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 29.02
Current ratio from 10.60 to 29.02; short-term debt falls from €45k to €10k.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 10.60
Current ratio from 5.10 to 10.60; short-term debt falls from €112k to €45k.
30-09
Financial
Equity above €500kEq €514k ▲9.4%
5 profitable years in a row build equity to €514k.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €58k ▲266%
Net result €58k, the highest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 1991
Ground area
1,839 m²
Building footprint
193 m²
Volume, LiDAR
1,278 m³
Parcel 44017C0383/00N000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mariakerksesteenweg 207, 9031 Gent
since 19912.052.742.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0383/00N000 | Flanders | 1,839 m² | 1 · 193 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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AFNF
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BART DOOLAEGE
BE 0844.916.916
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ERGO HOME CONSULT
BE 0474.479.656
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,298 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-1991
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
68122Development of non-residential building projects
68310Real estate agency activities
Contact
E-mail
info@concept-bvba.beGent
Phone
09-362.37.54Gent
Fax
09-362.31.31Gent
Scores and ratios are computed by Checked and are not a credit decision.