Equity
-€481
Debts exceed assets in financial year 2025.
Construclass
Overview
Lifetime
4 annual accounts with figures on one time axispeak -€15 (2022)
-€351▲ €310
lowest -€1,166 (2023)
-€393▲ €435
peak €1,906 (2022)
-€481▼ €393
€2,096▼ 4.7%
Board1 name since 2022
1 directorBRUGGEMAN Patrick Michel Jean-Philippe
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from -€661 to -€351Loss of €393Equity from -€88 to -€481
Key points
from the 2025 annual accountsLosses
-€3,481 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Position in the sector
-29.8%
Lower solvency than 92% of companies in construction of buildings. Sector median 42.9% · 9,462 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.2 percentage points vs 06-2025
08-2025: 2.0%● unchanged vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 1.9%▼ -0.1 percentage points vs 01-2026
03-2026: 2.0%▲ +0.1 percentage points vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.7%▼ -0.4 percentage points vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.9%▲ +0.1 percentage points vs 07-2026
09-2026: 2.1%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 1.6%▼ -0.5 percentage points vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Sector: Construction of residential and non-residential buildings (NACE 41)
Negative equity -€481
Founded in 2022
lowers risk
Liquidity: current ratio 0.77, cash €1,270
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 3% of them on solvency, 51% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Construclass has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Construclass itself is lower: 1.6% within 12 months. It rests on far more data about Construclass than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Construclass. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€481
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 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 days early
2024
33 days early
2023
37 days early
2022
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 19 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRUGGEMAN Patrick Michel Jean-Philippe 1,000 sharesdeed of 19-10-2022
Recent changes
First establishment
Mechelsesteenweg 159, Vilvoorde
Incorporation
Founding capital of €3,000, 1,000 shares · Founder: BRUGGEMAN Patrick Michel Jean-Philippe (oprichtende partij comparant) · Appointment: BRUGGEMAN Patrick Michel Jean-Philippe (director) · published on 19-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Construclass Vilvoorde | €1,615 | -€351 | -29.8% | - |
| RBA CONCEPT Beersel | €1,781 | -€348 | 86.9% | - |
| CONCEPT ONE Aalst | €1,714 | -€22,261 | -943.6% | - |
| ADAEQUATIO REAL ESTATE Braine-l'Alleud | €1,841 | -€1,823 | -177.0% | - |
| IMMO-CASA DESIGN Montigny-le-Tilleul | €1,457 | -€2,357 | -2104.9% | - |
| D&A Concepts Schoten | €1,922 | -€13,932 | -2014.7% | - |
| MS KOC Evergem | €1,324 | -€3,603 | -462.8% | - |
These companies have the same main activity as Construclass: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1,320 and €1,920, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 17-10-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.340.235.0641800 Vilvoorde, since 01-02-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- -€351▲ 47.0%
- €393▼ 52.6%
- -€481▼ 446%
- €1,615▼ 23.5%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Construclass
Construclass files the micro format. That format states no turnover. The gross margin fell from -€15 in 2022 to -€351 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline-€351
▲ €310
-€351
▲ €435
-€393
▲ €435
-€481
▼ €780
-
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €1,615 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
1,615 | 2,110 | 3,273 | 3,000 | |
29/58 |
1,615 | 2,110 | 3,273 | 3,000 | |
40/41 |
345 | 888 | 844 | - | |
40 |
345 | - | - | - | |
41 |
0 | 888 | 844 | - | |
54/58 |
1,270 | 1,222 | 2,429 | 3,000 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
1,615 | 2,110 | 3,273 | 3,000 | |
10/15 |
-481 | -88 | 740 | 1,906 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
14 |
-3,481 | -3,088 | -2,260 | -1,094 | |
17/49 |
2,096 | 2,198 | 2,533 | 1,094 | |
42/48 |
2,096 | 1,811 | 2,533 | 15 | |
43 |
- | - | - | 15 | |
439 |
- | - | - | 15 | |
44 |
285 | - | 723 | - | |
440/4 |
285 | - | 723 | - | |
47/48 |
1,811 | 1,811 | 1,811 | - | |
492/3 |
0 | 387 | - | 1,079 | |
| Income statement | |||||
9900 |
-351 | -661 | -1,141 | -15 | |
630 |
- | - | - | 1,079 | |
640/8 |
0 | 125 | - | - | |
9901 |
-351 | -786 | -1,141 | -1,094 | |
65/66B |
42 | 42 | 25 | - | |
65 |
42 | 42 | 25 | - | |
9903 |
-393 | -828 | -1,166 | -1,094 | |
9904 |
-393 | -828 | -1,166 | -1,094 | |
9905 |
-393 | -828 | -1,166 | -1,094 | |
| Appropriation of the result | |||||
9906 |
-3,481 | -3,088 | -2,260 | -1,094 | |
14P |
-3,088 | -2,260 | -1,094 | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| - | - | - | -15 | ||
| - | - | - | -15 | ||
| 0 | - | - | - | ||
| 48 | -1,207 | -571 | - | ||
| -481 | 299 | 740 | 2,985 |
The ratios are withheld because a balance sheet total of €1,615 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | - |
| - | - | - | €1,079 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Construclass
The operating result for 2025 is a loss of €351, smaller than the loss of €786 in 2024.
Equity is negative. Debt (€2,096) exceeds the balance-sheet total (€1,615).
Board & ownership
Board
1 director, since incorporationDirector
since 17-10-2022
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 19-10-2022
Mandates through the years
1 name, the dashed line is todayBoard
Mandates as a list
- BRUGGEMAN Patrick Michel Jean-Philippe
- Director, from 17-10-2022 to date
Control
This company
Construclass
Equity -€481
Loss €393 in 2025
Capital
- Contribution
- €3,000
- Shares
- 1,000
- Contribution per share
- €3
- Equity per share
- -€0.48 in 2025
- Source
- deed of 19-10-2022
Articles of association
deed of 19-10-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering die bestuurder(s) benoemt bepaalt aantal, duur opdracht en, indien meerdere, bevoegdheid, één of meer bestuurders”“Geboekt op algemene kosten, los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 31 May at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Beslissende in vormen vereist voor statutenwijziging, kan op elk moment worden ontbonden door beslissing algemene vergadering”
Shareholders
At incorporation
deed of 19-10-2022 ↗
- BRUGGEMAN Patrick Michel Jean-Philippe 1,000 shares (100%) · €3,000
Network & group
No group
Construclass has no parent and no holdings in its annual accounts. BRUGGEMAN Patrick Michel Jean-Philippe is the only director.
At the same address
Mechelsesteenweg 159, 1800 Vilvoorde · 1 other company| HOME TOUCH
registered office since 01-02-2021 · founded in 2014 |
total assets €553,871 (2025) 0506.750.269 |
Earlier ties
| BRUGIMMO via BRUGGEMAN Patrick Michel Jean-Philippe, no longer at BRUGIMMO · Director · deed of 23-04-2020 founded in 2020 · negative equity (2025) |
total assets €764,326 (2025) |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
HOME TOUCH
via BRUGGEMAN Patrick Michel Jean-Philippe · Director · deed of 10-10-2022
Founded in 2014 · total assets €553,871 (2025)
→
Timeline
Timeline
7 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 33 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 37 days before the deadline
2023
Weakest financial year net -€1,166 The net result drops to -€1,166, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 28 days late
First establishment Mechelsesteenweg 159, Vilvoorde
2022
IncorporationFounding capital of €3,000, 1,000 shares · Founder: BRUGGEMAN Patrick Michel Jean-Philippe (oprichtende partij comparant) · Appointment: BRUGGEMAN Patrick Michel Jean-Philippe (director) · published on 19-10-20224 points ▸
- Founder, BRUGGEMAN Patrick Michel Jean-Philippe (oprichtende partij comparant)
- Founding capital, €3,000, 1,000 shares
- Registered office clause, Mechelsesteenweg 159, 1800 Vilvoorde
- Director appointment, BRUGGEMAN Patrick Michel Jean-Philippe
- The deed holds 3 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Construclass was incorporated on 17 October 2022 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2022, BRUGGEMAN Patrick Michel Jean-Philippe has served as director.3 Total assets fell from €3,000 in 2022 to €1,615 in 2025.4
Company details
Identity
- Enterprise number
- 0792.522.761
- VAT number
- BE 0792.522.761
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-10-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 31 May at 18:00deed of 19-10-2022 (in Dutch)
- Peppol
- Not found in the Peppol Directory
- Name
- Construclass in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-10-2022 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43110
Demolition
43310
Plastering work
43341
Painting of buildings
43410
Roofing work
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43110
Demolition
43310
Plastering work
43341
Painting of buildings
43910
Specialised construction activities
74103
Other professional, scientific and technical activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aannemen,uitvoeren en/of doen uitvoeren van volgende werken: algemene bouwwerken en coördinatie van deze grondwerken,fundering- en…”deed of 19-10-2022 (in Dutch)
18 activities
- Het aannemen,uitvoeren en/of doen uitvoeren van volgende werken: algemene bouwwerken en coördinatie van deze grondwerken,fundering- en metselwerken,dakwerken,plaatsen van metalen of niet-metalen dakbedekkingen,asfaltbedekkingen,grond- en funderingswerken,het optrekken en renoveren van gebouwen en dit met allerlei materialen,het optrekken van stellingen en allerlei constructies,brandweerinstallaties en leidingen,invoegen en reinigen van gevels,plaatsen van afsluitingen,droogmaken van gebouwen,plaatsen van allerlei vloer- en wandbekledingen,onderneming voor het leggen van vloeren in allerlei houtsoorten en – technieken in allerlei steensoorten
- Alle timmer- en schrijnwerkerij
- Schilder- en behangwerken en alle werken van binnenhuisinrichting
- Plaatsen van sanitaire installaties en verwarming alsmede akoestische en thermische isolatie
- Alle loodgieterijwerken
- Alle elektriciteitswerken
- Alle glaswerken
- Alle metsel- en betonwerken
- Alle vloer- en muurbekledingen alsook pleisterwerken
- Het reinigen van gebouwen
- Studie-,organisatie-,raadgevend en controlerend bureau inzake restauratie,decoratie en algemene bouwwerken,alsook kunstaangelegenheden; bureau voor interieur- en architectonische studiën
- Het verrichten van expertises en schattingen in het algemeen in verband met bouw en verbouwing,restauraties,decoraties,kunsttechnieken- en realisaties
- Verkoop,inkoop,groot- en kleinhandel,import en export van bouwmaterialen in het algemeen,van afwerkingsmaterialen,uitrustingsgoederen,toestellen,enzovoort
- Alle projecten in verband met bouw en bouwkunde en aanverwante toepassingen opstellen,bestuderen,promoten,uitvoeren; het aannemen van algemene bouwwerken met eveneens coördinatie bij aanwerving van onderaannemers
- Het uitvoeren van bouwwerken in de meest uitgebreide vorm,en dit zowel voor particuliere,industriële,commerciële als openbare opdrachtgevers
- Het verkrijgen door aankoop of anderszins,verkopen,ruilen,verbeteren,uitrusten,verbouwen,splitsen,belasten met,beschikken over,productief maken,het verhuren en in huur nemen al dan niet bemeubeld,de leasing en het beheer van alle onroerende goederen,alsook de coördinatie van bouwwerken en bouwprojecten,in het algemeen het doen van alle onroerende verrichtingen
- Het organiseren van seminaries,doceren van onder andere,doch niet enkel,specifieke en algemene bouwkundige principes; Dit in de meest ruime zin
- Het aanleggen,het oordeelkundig uitbouwen en beheren van het eigen onroerend vermogen; alle verrichtingen met betrekking tot de eigen onroerende goederen en de eigen onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling,projectontwikkeling en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van de eigen onroerende goederen of de eigen onroerende zakelijke rechten
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 159 registered office 1800 Vilvoorde | 01-02-2023 | 2.340.235.064 |
Buildings and parcels at the address
- Ground area
- 90 m²
- Buildings
- 90 m²
- Volume, LiDAR
- 601 m³
- Tallest building
- 12.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23643E0025/00E002 | 90 m² | 1 · 90 m² | 12.2 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0792.522.761