Concrete X

Active

Private limited companyfounded 20232 yrs activePolitieke Gevangenenstraat 48, 8530 Harelbeke, BelgiumKBO/BCE: BE 1003.074.525

The computed 12-month bankruptcy probability of Concrete X is 1.8% (moderate). The 2025 annual accounts show equity of €735k and a net result of €532k. Its solvency ranks better than 64% of 2152 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

70 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency78▲+11

Growth78

Track record82

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days only on tighter terms

Liquidity tight (current ratio 1.34 against 1.52 in 2024; short-term debt: 47.4% and cash: 21.8% of total assets), and 47.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

52.6%

Return on assets

38.1%

Age of the figures

15 mo

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

on the day

2024

35 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close17-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€735k▲ 262%

2024 · €203k

2024: €203k

2024 → 2025

Total assets

€1.40M▲ 188%

2024 · €486k

2024: €486k

2024 → 2025

Net result

€532k▲ 172%

2024 · €196k

2024: €196k

2024 → 2025

Working capital

€226k▲ 54.3%

2024 · €146k

2024: €146k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€203k-€735k▲ 262%

Operating result€254k-€692k▲ 172%

Net result€196k-€532k▲ 172%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 172% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.40M

36.5%

63.5%

Fixed assets €510k▲ 805%

Current assets €889k▲ 107%

Equity and liabilities €1.40M

52.6%

47.4%

Equity €735k▲ 262%

Debt €663k▲ 134%

The debt ratio falls from 58.2% to 47.4%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€753k▲

2024 · €257k

Cash flow

€594k▲

2024 · €198k

Solvency

52.6%▲

2024 · 41.8%

Current ratio

1.34▼

2024 · 1.52

Quick ratio

1.34▼

2024 · 1.52

Debt / equity

0.90▼

2024 · 1.39

ROE

72.4%▼

2024 · 96.3%

ROA

38.1%▼

2024 · 40.2%

Interest coverage

605.62▼

2024 · 857.26

Debt

€663k▲

2024 · €283k

Debt ≤ 1 year

€663k▲

2024 · €283k

Income taxes

€159k▲

2024 · €59k

Staff costs

€37k

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€486k€1.40M▲

Formation expenses20€521-

Fixed assets21/28€56k€510k▲

Tangible fixed assets22/27€56k€499k▲

Plant, machinery and equipment23€32k€90k▲

Furniture and vehicles24€25k€409k▲

Financial fixed assets28-€11k

Current assets29/58€429k€889k▲

Amounts receivable within one year40/41€390k€584k▲

Trade receivables40€379k€470k▲

Other amounts receivable41€12k€114k▲

Cash at bank and in hand54/58€39k€305k▲

Equity and liabilities

Total equity and liabilities10/49€486k€1.40M▲

Equity10/15€203k€735k▲

Contributions10/11€8k€8k=

Outside capital11€8k€8k=

Other1109/19€8k€8k=

Reserves13€190k€720k▲

Non-distributable reserves130/1€190k€190k=

Reserves not available under the articles1311€190k€190k=

Distributable reserves133-€530k

Profit (loss) carried forward14€6k€8k▲

Amounts payable17/49€283k€663k▲

Amounts payable within one year42/48€283k€663k▲

Trade debts44€216k€484k▲

Suppliers440/4€216k€484k▲

Taxes, remuneration and social security45€59k€165k▲

Taxes450/3€59k€160k▲

Remuneration and social security454/9-€5k

Other amounts payable47/48€9k€14k▲

Income statement Code20242025

Remuneration, social security and pensions62-€37k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€61k▲

Other operating charges640/8€425€1k▲

Non-recurring operating charges66A-€19k

Gross operating margin9900€258k€811k▲

Operating profit (loss)9901€254k€692k▲

Financial income75/76B-€246

Recurring financial income75-€246

Financial charges65/66B€300€1k▲

Recurring financial charges65€300€1k▲

Profit (loss) for the period before taxes9903€254k€691k▲

Income taxes67/77€59k€159k▲

Profit (loss) for the period9904€196k€532k▲

Profit (loss) for the period to be appropriated9905€196k€532k▲

Appropriation of the result

Profit (loss) to be appropriated9906€196k€538k▲

Profit (loss) brought forward from the previous period14P-€6k

Transfer to equity691/2€190k€530k▲

To other reserves6921€190k€530k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-01-2027

2026

31-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-06

Financial Equity above €500kEq €735k ▲262%

2 profitable years in a row build equity to €735k.

2024

27-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Harelbeke · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Politieke Gevangenenstraat 488530 Harelbeke

Ground area

374 m²

Building footprint

169 m²

Volume, LiDAR

814 m³

Parcel 34322B0535/00K000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Concrete X

Politieke Gevangenenstraat 48, 8530 HarelbekeConstruction of residential and non-residential buildings

since 20232.352.731.436

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34322B0535/00K000	Flanders	374 m²	1 · 169 m²	7.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

2 connected companies

Network connections

Gibocon

Shared address

→

HYDRO X

Shared address

→

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 850 EUR awarded · 850 EUR paid

Year	Entries	awarded	paid
2025	1	850 EUR	850 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 850 EUR · 850 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

9 categories

Concrete X BV46388

category D, class 1 · category D1, class 1 · category D21, class 1 · category D24, class 1 · category D29, class 1 · category E, class 1 · category E1, class 1 · category F3, class 1 · category G5, class 1

decision 29-06-2026