Construbel
ActiveConstrubel has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854k and a net result of €10k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
68
/ 100
Healthy▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-2
Solvency51▼-18
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.29 in 2024), but 74.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 41
higher
← 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
25.9%
Return on assets
0.3%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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
23 d late
2024
25 d early
2023
40 d late
2022
92 d late
2021
37 d late
2020
45 d early
2019
10 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k▼ 34.1%
2024 · €14k
2018: €180k
2019: €95k
2020: €105k
2021: €122k
2022: €111k
2023: €119k
2024: €14k
2018 → 2025
Working capital
€557k▲ 84.3%
2024 · €302k
2018: €609k
2019: €702k
2020: €775k
2021: €879k
2022: €901k
2023: €971k
2024: €302k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€916k-€979k▲ 6.8%€1.10M▲ 12.2%€935k▼ 14.8%€854k▼ 8.7%
Operating result€169k-€174k▲ 3.1%€195k▲ 11.8%€63k▼ 67.7%€51k▼ 18.2%
Net result€122k-€111k▼ 9.5%€119k▲ 7.7%€14k▼ 87.9%€10k▼ 34.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.29M
Fixed assets
€1.67M▲ 78.2%
Current assets
€1.63M▲ 21.1%
Equity and liabilities €3.29M
Equity
€854k▼ 8.7%
Debt
€2.44M▲ 81.6%
The debt ratio rises from 58.9% to 74.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€121k▲
2024 · €86k
Cash flow
€79k▲
2024 · €38k
Solvency
25.9%▼
2024 · 41.1%
Current ratio
1.52▲
2024 · 1.29
Quick ratio
1.39▲
2024 · 1.16
Debt / equity
2.86▲
2024 · 1.44
ROE
1.1%▼
2024 · 1.5%
ROA
0.3%▼
2024 · 0.6%
Interest coverage
2.66▲
2024 · 2.10
Debt
€2.44M▲
2024 · €1.34M
Debt ≤ 1 year
€1.07M▲
2024 · €1.04M
Debt > 1 year
€1.37M▲
2024 · €302k
Income taxes
€2k▼
2024 · €9k
Staff costs
€1.02M▲
2024 · €771k
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€2.28M€3.29M▲
Fixed assets21/28€935k€1.67M▲
Tangible fixed assets22/27€901k€1.63M▲
Land and buildings22€884k€1.62M▲
Furniture and vehicles24€17k€14k▼
Financial fixed assets28€34k€34k▼
Current assets29/58€1.34M€1.63M▲
Stocks and contracts in progress3€139k€139k=
Stocks30/36€139k€139k=
Amounts receivable within one year40/41€1.07M€1.14M▲
Trade receivables40€1.02M€1.05M▲
Other amounts receivable41€53k€87k▲
Cash at bank and in hand54/58€98k€322k▲
Deferred charges and accrued income490/1€32k€32k▼
Equity and liabilities
Total equity and liabilities10/49€2.28M€3.29M▲
Equity10/15€935k€854k▼
Contributions10/11€33k€33k=
Reserves13€559k€477k▼
Non-distributable reserves130/1€559k€477k▼
Other1319€559k€477k▼
Profit (loss) carried forward14€344k€344k▲
Amounts payable17/49€1.34M€2.44M▲
Amounts payable after more than one year17€302k€1.37M▲
Financial debts170/4€302k€1.37M▲
Amounts payable within one year42/48€1.04M€1.07M▲
Current portion of amounts payable after more than one year42€381k€101k▼
Trade debts44€278k€569k▲
Suppliers440/4€278k€569k▲
Taxes, remuneration and social security45€78k€92k▲
Taxes450/3€14k€32k▲
Remuneration and social security454/9€64k€60k▼
Other amounts payable47/48€305k€308k▲
Income statement
Code20242025
Remuneration, social security and pensions62€771k€1.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€69k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-39k€30k▲
Other operating charges640/8€10k€24k▲
Non-recurring operating charges66A€622€127▼
Gross operating margin9900€829k€1.19M▲
Operating profit (loss)9901€63k€51k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€41k€45k▲
Recurring financial charges65€41k€45k▲
Profit (loss) for the period before taxes9903€23k€11k▼
Income taxes67/77€9k€2k▼
Profit (loss) for the period9904€14k€10k▼
Profit (loss) for the period to be appropriated9905€14k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€358k€353k▼
Profit (loss) brought forward from the previous period14P€343k€344k▲
Transfer from equity791/2€177k€91k▼
Transfer to equity691/2€14k€9k▼
To other reserves6921€14k€9k▼
Profit to be distributed694/7€177k€91k▼
Return on contributions (dividend)694€177k€91k▼
Social balance
Average headcount (FTE)908718.018.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
31-12
Financial
Weakest financial yearnet €10k ▼34.1%
Net result drops to €10k, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 40 days late
2023
31-12
Financial
Equity above €1MEq €1.10M ▲12.2%
6 profitable years in a row build equity to €1.10M.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
Gaël CASTERMAN
CurrentDirector · since 23-03-2022
23-03-2022
Appointed as Director
Location & real-estate footprint
Registered office, Nivelles · 2 establishment units since 2009
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.
Avenue Thomas Edison 1121402 NivellesGround area
4,893 m²
Parcel 25099D0012/00F010, Wallonia. Linked by address, not a title deed.
2 establishment units
Construbel - Nivelles - Thomas Edison 110 - Hall
since 20092.175.418.406
Construbel - Nivelles - Thomas Edison 112 – Bureaux
since 20162.253.189.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00F010 | Wallonia | 4,893 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
18 categoriesConstrubel SRL32114
Similar companies · same sector, comparable size
LIERNEUX ERIC
BE 0431.835.783
Modave · Eq €854k
CLARINVAL GUY
BE 0433.311.470
Beauraing · Eq €854k
DE PEUTER J.
BE 0810.782.715
Meerhout · Eq €854k
ALGEMENE BOUWWERKEN NEYT
BE 0448.039.436
Bredene · Eq €855k
RAMAN BOUW EN TECHNIEKEN
BE 0736.519.713
Lievegem · Eq €853k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 7,018 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2008
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
43211General electrical installation work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.construbel.be
E-mail:gael.casterman@construbel.be
Phone:0032498641225
Fax:003210779083
Phone:003210618301