ConStat
ActiveSummary
ConStat has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €352,402 and a net result of €32,786. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 12761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+8
Solvency43▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.18 in 2024; short-term debt: 67% and cash: 5% of total assets), and 82.2% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
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
17.8%
Return on assets
1.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12761 sector peers (2025).
NBB · sector comparisonPosition among 12761 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
61 d late
2023
26 d late
2022
67 d late
2021
73 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€352,402▲ 10.3%
2024 · €319,616
Total assets
€2.0m▲ 18.8%
2024 · €1.7m
Net result
€32,786▼ 35.0%
2024 · €50,441
Working capital
-€1.1m▼ 28.5%
2024 · -€829,721
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€20,706▼ 61.2%€49,110▲ 137%€63,487▲ 29.3%€95,922▲ 51.1%€94,268▼ 1.7%
Net result-€4,244€14,506€27,629▲ 90.5%€50,441▲ 82.6%€32,786▼ 35.0%
Equity€227,039▼ 1.8%€241,545▲ 6.4%€269,174▲ 11.4%€319,616▲ 18.7%€352,402▲ 10.3%
Total assets€1.5m▲ 14.8%€1.7m▲ 13.0%€1.7m▲ 0.6%€1.7m▼ 0.5%€2.0m▲ 18.8%
Debt€1.2m▲ 18.4%€1.4m▲ 14.2%€1.4m▼ 1.2%€1.3m▼ 4.2%€1.6m▲ 20.9%
Working capital-€646,747▼ 28.3%-€819,695▼ 26.7%-€815,737▲ 0.5%-€829,721▼ 1.7%-€1.1m▼ 28.5%
Staff (FTE)11.1▲ 10.0%1▼ 9.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m ▲ 15.5%
Current assets
€261,132 ▲ 47.0%
Equity and liabilities €2.0m
Equity
€352,402 ▲ 10.3%
Debt
€1.6m ▲ 20.9%
Debt's share of the balance-sheet total rises from 80.8% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173,171▲
2024 · €131,931
Cash flow
€111,689▲
2024 · €86,450
Current ratio
0.20▲
2024 · 0.18
Debt to equity
4.63▲
2024 · 4.22
ROE
9.3%▼
2024 · 15.8%
ROA
1.7%▼
2024 · 3.0%
Interest coverage
5.51▲
2024 · 4.40
Debt ≤ 1 year
€1.3m▲
2024 · €1.0m
Debt > 1 year
€276,682▼
2024 · €315,350
Income taxes
€30,050▲
2024 · €15,519
Staff costs
€32,727▲
2024 · €25,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,711 | - | - | - | €8,678 | - |
| Remuneration, social security and pensions62 | - | €2,573 | €20,539 | €25,172 | €32,727 | ▲ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,197 | €48,151 | €49,888 | €36,009 | €78,903 | ▲ 119% |
| Other operating charges640/8 | €7,059 | €7,725 | €8,559 | €7,911 | €12,524 | ▲ 58.3% |
| Non-recurring operating charges66A | - | - | €656 | €0 | - | - |
| Gross operating margin9900 | €78,961 | €107,559 | €143,130 | €165,013 | €218,422 | ▲ 32.4% |
| Operating profit (loss)9901 | €20,706 | €49,110 | €63,487 | €95,922 | €94,268 | ▼ 1.7% |
| Financial income75/76B | €0 | €1 | €0 | €10 | €0 | ▼ 96.0% |
| Recurring financial income75 | €0 | €1 | €0 | €10 | €0 | ▼ 96.0% |
| Financial charges65/66B | €24,514 | €25,013 | €24,176 | €29,970 | €31,433 | ▲ 4.9% |
| Recurring financial charges65 | €24,514 | €25,013 | €24,176 | €29,970 | €31,433 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | -€3,809 | €24,098 | €39,312 | €65,961 | €62,836 | ▼ 4.7% |
| Income taxes67/77 | €435 | €9,592 | €11,682 | €15,519 | €30,050 | ▲ 93.6% |
| Profit (loss) for the period9904 | -€4,244 | €14,506 | €27,629 | €50,441 | €32,786 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,244 | €14,506 | €27,629 | €50,441 | €32,786 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.7m | €1.7m | €1.7m | €2.0m | ▲ 18.8% |
| Fixed assets21/28 | €1.3m | €1.5m | €1.5m | €1.5m | €1.7m | ▲ 15.5% |
| Tangible fixed assets22/27 | €1.3m | €1.5m | €1.5m | €1.5m | €1.7m | ▲ 15.5% |
| Land and buildings22 | €875,174 | €829,574 | €811,512 | €806,439 | €1.0m | ▲ 29.2% |
| Furniture and vehicles24 | €8,311 | €10,306 | €9,192 | €45,591 | €40,428 | ▼ 11.3% |
| Assets under construction and advance payments27 | €432,908 | €631,180 | €636,391 | €638,855 | €638,965 | = |
| Current assets29/58 | €158,449 | €195,498 | €220,095 | €177,612 | €261,132 | ▲ 47.0% |
| Amounts receivable within one year40/41 | €131,764 | €146,505 | €184,224 | €101,597 | €152,745 | ▲ 50.3% |
| Trade receivables40 | €131,687 | €146,440 | €184,223 | €101,590 | €150,301 | ▲ 47.9% |
| Other amounts receivable41 | €77 | €65 | €0 | €7 | €2,444 | ▲ 36,060% |
| Cash at bank and in hand54/58 | €26,395 | €43,865 | €30,062 | €32,874 | €99,680 | ▲ 203% |
| Deferred charges and accrued income490/1 | €290 | €5,128 | €5,809 | €43,141 | €8,707 | ▼ 79.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.7m | €1.7m | €1.7m | €2.0m | ▲ 18.8% |
| Equity10/15 | €227,039 | €241,545 | €269,174 | €319,616 | €352,402 | ▲ 10.3% |
| Contributions10/11 | €268,600 | €268,600 | €268,600 | €268,600 | €268,600 | = |
| Reserves13 | €41,521 | €41,521 | €41,521 | €51,016 | €83,802 | ▲ 64.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €8,919 | €8,919 | €8,919 | €8,919 | €8,919 | = |
| Distributable reserves133 | €30,742 | €30,742 | €32,602 | €42,097 | €74,883 | ▲ 77.9% |
| Profit (loss) carried forward14 | -€83,081 | -€68,576 | -€40,946 | €0 | - | - |
| Amounts payable17/49 | €1.2m | €1.4m | €1.4m | €1.3m | €1.6m | ▲ 20.9% |
| Amounts payable after more than one year17 | €428,299 | €391,144 | €353,506 | €315,350 | €276,682 | ▼ 12.3% |
| Financial debts170/4 | €428,299 | €391,144 | €353,506 | €315,350 | €276,682 | ▼ 12.3% |
| Amounts payable within one year42/48 | €805,196 | €1.0m | €1.0m | €1.0m | €1.3m | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | €56,940 | €37,155 | €37,638 | €138,156 | €138,667 | ▲ 0.4% |
| Trade debts44 | €9,506 | €12,488 | €14,101 | €16,500 | €39,654 | ▲ 140% |
| Suppliers440/4 | €9,506 | €12,488 | €14,101 | €16,500 | €39,654 | ▲ 140% |
| Taxes, remuneration and social security45 | €9,153 | €26,492 | €34,481 | €28,880 | €35,977 | ▲ 24.6% |
| Taxes450/3 | €9,153 | €25,653 | €26,294 | €19,874 | €24,663 | ▲ 24.1% |
| Remuneration and social security454/9 | - | €840 | €8,187 | €9,006 | €11,314 | ▲ 25.6% |
| Other amounts payable47/48 | €729,597 | €939,058 | €949,612 | €823,797 | €1.1m | ▲ 35.2% |
| Accrued charges and deferred income492/3 | €14,308 | €18,676 | €18,676 | €26,198 | €25,914 | ▼ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,244 | €14,506 | €27,629 | €50,441 | €32,786 | ▼ 35.0% |
| + Depreciation and write-downs630 | €51,197 | €48,151 | €49,888 | €36,009 | €78,903 | ▲ 119% |
| Operating cash flow (approximation) | €46,953 | €62,657 | €77,518 | €86,450 | €111,689 | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | -€202,819 | -€35,922 | -€69,800 | -€309,568 | ▼ 344% |
| Change in cash | - | €17,469 | -€13,803 | €2,812 | €66,806 | ▲ 2,275% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €50,441 ▲82.6%
Operating result €95,922, net result €50,441, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €14,506
Net result €14,506 after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €200,000Eq €231,283 ▲15.9%
2 profitable years in a row build equity to €231,283.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €25,281
Net result €25,281 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Sint-Truiden · 1 establishment unit since 1999
Ground area
7,530 m²
Building footprint
245 m²
Volume, LiDAR
1,709 m³
Parcel 71352D0344/00S000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hasseltsesteenweg 32, 3800 Sint-Truiden
since 19992.091.244.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0344/00S000 ProtectedTownscape or village viewBegijnhof: landbouwterrein tussen begijnhof en dreef naar het SpeelhofSource ↗ |
Flanders | 7,530 m² | 1 · 245 m² | 11.7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,119 EUR awarded · 1,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,060 EUR | 1,060 EUR |
| 2023 | 1 | 59 EUR | 59 EUR |
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Of 2,770 companies in sector 69109 we hold annual accounts for 1,208. 815 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
Founded22-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.