CONSTRUCT 23
ActiveSummary
CONSTRUCT 23 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-76k) and a net result of €-69k. Equity is shrinking by ~199.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-93
Solvency6▼-10
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.92 in 2024; short-term debt: 118.9% and cash: 3.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-18.9%
Return on assets
-17.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-76k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 3 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
20 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-76k▼ 1,004%
2024 · €-7k
2023: €25k
2024: €-7k
2023 → 2025
Total assets
€402k▲ 407%
2024 · €79k
2023: €558k
2024: €79k
2023 → 2025
Net result
€-69k
2024 · €18k
2023: €-35k
2024: €18k
2023 → 2025
Working capital
€-77k▼ 1,024%
2024 · €-7k
2023: €25k
2024: €-7k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€25k-€-7k€-76k▼ 1,004%
Operating result€-24k-€48k€-58k
Net result€-35k-€18k€-69k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €58k after €48k in 2024, the lowest result in the available series.
Balance-sheet composition
Assets €402k
Fixed assets
€1k
Current assets
€400k
Key figures and ratios
EBITDA
€-57k
Cash flow
€-69k
Solvency
-18.9%▼
2024 · -8.7%
Current ratio
0.84▼
2024 · 0.92
Quick ratio
0.04▼
2024 · 0.92
Debt to equity
-6.30▲
2024 · -12.54
ROA
-17.2%▼
2024 · 22.4%
Interest coverage
-5.12
Debt
€478k▲
2024 · €86k
Debt ≤ 1 year
€478k▲
2024 · €86k
Income taxes
€181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79k€402k▲
Fixed assets21/28-€1k
Tangible fixed assets22/27-€1k
Furniture and vehicles24-€1k
Current assets29/58€79k€400k▲
Stocks and contracts in progress3-€379k
Stocks30/36-€379k
Amounts receivable within one year40/41€78€6k▲
Other amounts receivable41€78€6k▲
Cash at bank and in hand54/58€79k€14k▼
Deferred charges and accrued income490/1€710€1k▲
Equity and liabilities
Total equity and liabilities10/49€79k€402k▲
Equity10/15€-7k€-76k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-17k€-86k▼
Amounts payable17/49€86k€478k▲
Amounts payable within one year42/48€86k€478k▲
Financial debts43-€303k
Credit institutions430/8-€303k
Trade debts44€782€823▲
Suppliers440/4€782€823▲
Taxes, remuneration and social security45€31k€181▼
Taxes450/3€31k€181▼
Other amounts payable47/48€55k€174k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€341
Other operating charges640/8€67k€4k▼
Gross operating margin9900€115k€-53k▼
Operating profit (loss)9901€48k€-58k▼
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€31k€11k▼
Recurring financial charges65€31k€11k▼
Profit (loss) for the period before taxes9903€18k€-69k▼
Income taxes67/77-€181
Profit (loss) for the period9904€18k€-69k▼
Profit (loss) for the period to be appropriated9905€18k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-86k▼
Profit (loss) brought forward from the previous period14P€-35k€-17k▲
The notes to these accounts (5 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Merelbeke-Melle · 1 establishment unit since 2023
Ground area
868 m²
Building footprint
127 m²
Volume, LiDAR
677 m³
Parcel 44412B0684/00B002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CONSTRUCT 23
since 20232.346.089.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0684/00B002 | Flanders | 868 m² | 1 · 127 m² | 7.7 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,693 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
43320Joinery installation
43350Other building finishing work
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.