CONFISTRUCT
ActiveSummary
CONFISTRUCT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €287,026. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 53% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-13
Solvency65▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.75 in 2024; short-term debt: 59.5% and cash: 10.9% of total assets), but 59.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
40.5%
Return on assets
7.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
1 d early
2021
3 d early
2020
137 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 22.2%
2024 · €1.3m
Total assets
€3.9m▲ 26.0%
2024 · €3.1m
Net result
€287,026▼ 48.8%
2024 · €560,090
Working capital
€1.4m▲ 10.3%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€188,097▼ 29.3%€422,721▲ 125%€359,719▼ 14.9%€795,717▲ 121%€402,402▼ 49.4%
Net result€148,672▼ 25.7%€332,393▲ 124%€263,650▼ 20.7%€560,090▲ 112%€287,026▼ 48.8%
Equity€408,755▲ 57.2%€628,647▲ 53.8%€892,298▲ 41.9%€1.3m▲ 45.0%€1.6m▲ 22.2%
Total assets€1.5m▲ 87.5%€3.1m▲ 113%€2.4m▼ 24.2%€3.1m▲ 30.4%€3.9m▲ 26.0%
Debt€1.1m▲ 103%€2.5m▲ 136%€1.5m▼ 40.8%€1.8m▲ 21.6%€2.3m▲ 28.8%
Working capital€360,251▲ 5.0%€569,288▲ 58.0%€773,378▲ 35.9%€1.2m▲ 60.1%€1.4m▲ 10.3%
Staff (FTE)5.5▲ 120%6.4▲ 16.4%6.8▲ 6.3%9.2▲ 35.3%10.6▲ 15.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€215,840 ▲ 1.3%
Current assets
€3.7m ▲ 27.9%
Equity and liabilities €3.9m
Equity
€1.6m ▲ 22.2%
Debt
€2.3m ▲ 28.8%
Debt's share of the balance-sheet total rises from 58.2% to 59.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€482,208▼
2024 · €861,413
Cash flow
€366,832▼
2024 · €625,787
Current ratio
1.59▼
2024 · 1.75
Quick ratio
1.50▲
2024 · 1.10
Debt to equity
1.47▲
2024 · 1.39
ROE
18.2%▼
2024 · 43.3%
ROA
7.4%▼
2024 · 18.1%
Interest coverage
17.62▼
2024 · 25.32
Debt ≤ 1 year
€2.3m▲
2024 · €1.6m
Income taxes
€111,958▼
2024 · €207,853
Staff costs
€833,159▲
2024 · €665,417
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,776 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,668 | €3,786 | ▼ 75.8% |
| Remuneration, social security and pensions62 | €269,820 | €412,662 | €547,610 | €665,417 | €833,159 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,150 | €30,014 | €53,340 | €65,696 | €79,806 | ▲ 21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7,137 | -€500 | €0 | -€6,637 | €0 | ▲ 100% |
| Other operating charges640/8 | €3,033 | €10,373 | €5,580 | €6,758 | €18,804 | ▲ 178% |
| Non-recurring operating charges66A | - | - | - | - | €3,704 | - |
| Gross operating margin9900 | €485,237 | €875,271 | €966,249 | €1.5m | €1.3m | ▼ 12.4% |
| Operating profit (loss)9901 | €188,097 | €422,721 | €359,719 | €795,717 | €402,402 | ▼ 49.4% |
| Financial income75/76B | €14,583 | €30,420 | €16,047 | €6,252 | €23,949 | ▲ 283% |
| Recurring financial income75 | €14,583 | €30,420 | €16,047 | €6,252 | €23,949 | ▲ 283% |
| Financial charges65/66B | €9,316 | €10,663 | €19,246 | €34,026 | €27,367 | ▼ 19.6% |
| Recurring financial charges65 | €4,816 | €10,663 | €19,246 | €34,026 | €27,367 | ▼ 19.6% |
| Non-recurring financial charges66B | €4,500 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €193,364 | €442,478 | €356,520 | €767,943 | €398,984 | ▼ 48.0% |
| Income taxes67/77 | €44,692 | €110,086 | €92,870 | €207,853 | €111,958 | ▼ 46.1% |
| Profit (loss) for the period9904 | €148,672 | €332,393 | €263,650 | €560,090 | €287,026 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €148,672 | €332,393 | €263,650 | €560,090 | €287,026 | ▼ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €3.1m | €2.4m | €3.1m | €3.9m | ▲ 26.0% |
| Fixed assets21/28 | €76,651 | €125,405 | €180,433 | €213,064 | €215,840 | ▲ 1.3% |
| Tangible fixed assets22/27 | €75,590 | €123,707 | €175,235 | €203,391 | €204,408 | ▲ 0.5% |
| Plant, machinery and equipment23 | €29,926 | €72,002 | €65,760 | €74,279 | €80,008 | ▲ 7.7% |
| Furniture and vehicles24 | €45,664 | €51,705 | €109,475 | €129,112 | €119,087 | ▼ 7.8% |
| Other tangible fixed assets26 | - | - | - | - | €5,314 | - |
| Financial fixed assets28 | €1,062 | €1,698 | €5,198 | €9,673 | €11,432 | ▲ 18.2% |
| Current assets29/58 | €1.4m | €3.0m | €2.2m | €2.9m | €3.7m | ▲ 27.9% |
| Amounts receivable after more than one year29 | - | - | - | €300,000 | €300,000 | = |
| Other amounts receivable291 | - | - | - | €300,000 | €300,000 | = |
| Stocks and contracts in progress3 | €307,692 | €770,171 | €415,978 | €1.1m | €201,796 | ▼ 81.1% |
| Stocks30/36 | €46,308 | €56,777 | €9,630 | €9,498 | €33,827 | ▲ 256% |
| Contracts in progress37 | €261,385 | €713,394 | €406,349 | €1.1m | €167,969 | ▼ 84.1% |
| Amounts receivable within one year40/41 | €802,996 | €1.8m | €1.2m | €1.0m | €2.7m | ▲ 170% |
| Trade receivables40 | €694,294 | €1.6m | €984,077 | €827,886 | €2.4m | ▲ 193% |
| Other amounts receivable41 | €108,702 | €158,043 | €190,794 | €186,600 | €320,572 | ▲ 71.8% |
| Cash at bank and in hand54/58 | €266,436 | €470,557 | €588,119 | €474,815 | €423,618 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | €17,721 | €12,233 | €15,974 | €26,464 | €18,152 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €3.1m | €2.4m | €3.1m | €3.9m | ▲ 26.0% |
| Equity10/15 | €408,755 | €628,647 | €892,298 | €1.3m | €1.6m | ▲ 22.2% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €348,755 | €568,647 | €832,298 | €1.2m | €1.5m | ▲ 23.3% |
| Distributable reserves133 | €348,755 | €568,647 | €832,298 | €1.2m | €1.5m | ▲ 23.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.1m | €2.5m | €1.5m | €1.8m | €2.3m | ▲ 28.8% |
| Amounts payable within one year42/48 | €1.0m | €2.4m | €1.4m | €1.6m | €2.3m | ▲ 41.0% |
| Financial debts43 | €351,563 | €0 | - | €520 | €150,102 | ▲ 28,766% |
| Credit institutions430/8 | €351,563 | €0 | - | - | €150,000 | - |
| Other loans439 | - | - | - | €520 | €102 | ▼ 80.4% |
| Trade debts44 | €588,130 | €2.1m | €1.2m | €1.3m | €2.0m | ▲ 50.5% |
| Suppliers440/4 | €588,130 | €2.1m | €1.2m | €1.3m | €2.0m | ▲ 50.5% |
| Taxes, remuneration and social security45 | €64,774 | €167,592 | €115,167 | €135,033 | €144,012 | ▲ 6.6% |
| Taxes450/3 | €45,215 | €118,465 | €20,121 | €84,792 | €40,553 | ▼ 52.2% |
| Remuneration and social security454/9 | €19,559 | €49,127 | €95,046 | €50,241 | €103,458 | ▲ 106% |
| Other amounts payable47/48 | €30,128 | €136,411 | €119,658 | €164,355 | €1,525 | ▼ 99.1% |
| Accrued charges and deferred income492/3 | €28,148 | €66,046 | €61,513 | €157,804 | €1,702 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,672 | €332,393 | €263,650 | €560,090 | €287,026 | ▼ 48.8% |
| + Depreciation and write-downs630 | €17,150 | €30,014 | €53,340 | €65,696 | €79,806 | ▲ 21.5% |
| Operating cash flow (approximation) | €165,822 | €362,407 | €316,991 | €625,787 | €366,832 | ▼ 41.4% |
| Investment in fixed assets (approximation) | - | -€78,768 | -€108,368 | -€98,328 | -€82,582 | ▲ 16.0% |
| Change in cash | - | €204,121 | €117,561 | -€113,304 | -€51,197 | ▲ 54.8% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €560,090 ▲112%
Operating result €795,717, net result €560,090, both a record.
31-12
Financial
Equity above €1mEq €1.3m ▲45%
5 profitable years in a row build equity to €1.3m.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €628,647 ▲53.8%
3 profitable years in a row build equity to €628,647.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €148,672 ▼25.7%
Net result drops to €148,672, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Aalst · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
4,094 m²
Volume, LiDAR
17,862 m³
Parcel 41047C0169/00Y000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
CONFISTRUCT
since 20192.296.835.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047C0169/00Y000 | Flanders | 1.1 ha | 1 · 4,094 m² | 8.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,204 EUR awarded · 2,204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,204 EUR | 2,204 EUR |
Recognitions · licences · registrations
Recognised contractor
23 categoriesCONFISTRUCT BV44141
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DE GRAEVE STEFAAN
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,055. 437 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
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
33200Installation of industrial machinery and equipment
68121Development of residential building projects
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43310Plastering work
43320Joinery installation
43422Screed work
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Website
confistruct.be
E-mail
info@confistruct.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738631343
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.