Construct 34
Annual accounts 2025
micro format, filed on 22-07-2026, 9 days before the deadline€195,538
▼ 28.6%
€91,535
▼ 53.9%
€74,311
▼ 57.0%
€599,431
▼ 7.0%
72.5%
▼ 8.3 percentage points
2.83
▼ 1.33
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €280,000 and €400,000.
Balance sheet
balance sheet total €1.3m on 31-12-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
72.5%
Higher than 68% of 39,364 companies in 2025.
2.83
Higher than 61% of 38,048 companies in 2025.
5.8%
Higher than 33% of 38,520 companies in 2025.
Construct 34
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€20,069
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.0m | 854,051 | 703,870 | 456,991 | 323,757 | 238,396 | 172,166 | |
21/28 |
363,691 | 440,984 | 401,450 | 405,575 | 371,805 | 393,334 | 426,355 | 278,153 | 30,077 | 32,086 | 32,952 | 30,263 | |
21 |
- | - | - | - | - | - | 1,800 | 4,425 | 1,650 | - | 120 | 1,561 | |
22/27 |
358,691 | 435,984 | 401,450 | 405,575 | 371,805 | 393,084 | 424,305 | 273,728 | 28,427 | 32,086 | 32,832 | 28,702 | |
22 |
234,692 | 266,055 | 294,600 | 325,783 | 356,966 | - | - | - | - | - | - | 2,322 | |
23 |
7,474 | 7,738 | - | 376 | 753 | 2,063 | 3,374 | 3,199 | 4,258 | 1,042 | 1,563 | 2,084 | |
24 |
116,525 | 162,191 | 106,850 | 79,157 | 13,570 | 4,894 | 7,575 | 13,142 | 22,622 | 29,238 | 29,206 | 24,296 | |
26 |
- | - | - | 258 | 516 | 386,126 | 413,357 | 257,387 | 1,547 | 1,805 | 2,063 | - | |
28 |
5,000 | 5,000 | - | - | - | 250 | 250 | - | - | - | - | - | |
29/58 |
927,210 | 848,305 | 899,383 | 931,127 | 827,693 | 631,745 | 427,696 | 425,717 | 426,914 | 291,672 | 205,444 | 141,903 | |
40/41 |
86,458 | 49,121 | 118,181 | 111,517 | 64,209 | 67,200 | 148,979 | 131,309 | 78,667 | 54,201 | 30,705 | 17,346 | |
40 |
65,602 | 49,008 | 110,318 | 111,517 | 62,415 | 56,324 | 129,651 | 74,823 | 69,142 | 53,201 | 29,705 | 16,346 | |
41 |
20,856 | 113 | 7,863 | - | 1,794 | 10,876 | 19,328 | 56,486 | 9,524 | 1,000 | 1,000 | 1,000 | |
50/53 |
703,463 | 687,722 | 504,624 | 201,962 | 173,660 | 32,326 | 27,493 | 27,315 | 29,900 | - | - | - | |
54/58 |
104,332 | 77,262 | 241,911 | 584,405 | 559,664 | 502,978 | 222,542 | 239,456 | 292,555 | 222,863 | 169,500 | 116,047 | |
490/1 |
32,957 | 34,200 | 34,666 | 33,243 | 30,160 | 29,241 | 28,682 | 27,636 | 25,792 | 14,608 | 5,239 | 8,510 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.0m | 854,051 | 703,870 | 456,991 | 323,757 | 238,396 | 172,166 | |
10/15 |
935,570 | 1.0m | 1.1m | 960,942 | 897,682 | 783,389 | 630,000 | 510,058 | 412,606 | 271,456 | 187,506 | 127,296 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
916,970 | 1.0m | 1.1m | 942,342 | 879,082 | 764,789 | 611,400 | 491,458 | 394,006 | 252,856 | 168,906 | 108,696 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
916,970 | 1.0m | 1.1m | 940,482 | 877,222 | 762,929 | 609,540 | 489,598 | 392,146 | 250,996 | 167,046 | 106,836 | |
14 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
355,332 | 248,154 | 188,935 | 375,759 | 301,816 | 241,690 | 224,052 | 193,811 | 44,384 | 52,301 | 50,890 | 44,870 | |
17 |
26,631 | 42,284 | 57,699 | 72,878 | 87,825 | 102,543 | 117,037 | 131,309 | - | - | - | - | |
170/4 |
26,631 | 42,284 | 57,699 | 72,878 | 87,825 | 102,543 | 117,037 | 131,309 | - | - | - | - | |
42/48 |
327,779 | 203,790 | 129,246 | 301,936 | 213,332 | 137,995 | 99,162 | 62,404 | 40,215 | 52,301 | 50,890 | 44,870 | |
42 |
15,654 | 15,414 | 15,179 | 14,947 | 14,719 | 14,494 | 14,272 | 14,054 | - | - | - | - | |
44 |
16,329 | 16,920 | 26,277 | 46,148 | 45,958 | 32,413 | 18,870 | 16,378 | 24,664 | 6,387 | 11,553 | 7,651 | |
440/4 |
16,329 | 16,920 | 26,277 | 46,148 | 45,958 | 32,413 | 18,870 | 16,378 | 24,664 | 6,387 | 11,553 | 7,651 | |
46 |
- | - | - | - | - | - | - | - | - | 1,041 | 242 | - | |
45 |
22,513 | 18,540 | 77,581 | 98,627 | 58,191 | 50,727 | 40,408 | 29,110 | 13,787 | 43,249 | 38,327 | 36,746 | |
450/3 |
20,509 | 16,807 | 58,913 | 71,507 | 36,797 | 31,315 | 22,511 | 14,302 | 3,659 | 37,236 | 38,327 | 36,746 | |
454/9 |
2,004 | 1,733 | 18,668 | 27,120 | 21,394 | 19,412 | 17,896 | 14,808 | 10,128 | 6,013 | - | - | |
47/48 |
273,284 | 152,916 | 10,210 | 142,213 | 94,465 | 40,361 | 25,612 | 2,862 | 1,764 | 1,625 | 768 | 473 | |
492/3 |
922 | 2,080 | 1,990 | 946 | 660 | 1,152 | 7,853 | 99 | 4,169 | - | - | - | |
| Income statement | |||||||||||||
76A |
0 | 12,992 | - | 9,740 | 4,134 | - | - | - | - | - | - | - | |
9900 |
195,538 | 273,976 | 461,622 | 614,120 | 520,779 | 482,057 | 390,024 | 313,017 | 327,045 | 218,842 | 141,066 | 95,511 | |
62 |
20,069 | 551 | 180,883 | 239,985 | 195,687 | 178,573 | 137,437 | 95,059 | 71,071 | 62,824 | 35,421 | - | |
630 |
79,057 | 68,394 | 56,747 | 53,173 | 35,709 | 40,720 | 44,474 | 88,185 | 16,394 | 15,472 | 15,132 | 13,156 | |
631/4 |
0 | 861 | 36,676 | - | -540 | 338 | - | -1,143 | - | 1,643 | - | - | |
640/8 |
4,876 | 5,753 | 4,944 | 5,132 | 3,843 | 3,636 | 3,521 | 4,177 | 1,920 | 1,252 | 1,077 | 889 | |
66A |
- | - | - | - | - | - | 12 | - | 665 | 336 | - | 37 | |
9901 |
91,535 | 198,417 | 182,373 | 315,830 | 286,080 | 258,790 | 204,580 | 126,738 | 236,994 | 137,315 | 89,436 | 81,466 | |
75/76B |
16,696 | 44,080 | 21,415 | 2,275 | 557 | 5,223 | 646 | 708 | 956 | 1,255 | 1,318 | 1,403 | |
75 |
16,696 | 44,080 | 10,511 | 2,275 | 557 | 5,223 | 646 | 708 | 956 | 1,255 | 1,318 | 1,403 | |
76B |
- | - | 10,904 | - | - | - | - | - | - | - | - | - | |
65/66B |
4,517 | 2,263 | -11,200 | 15,000 | 173 | 3,659 | 2,918 | 3,831 | 590 | 489 | 584 | 960 | |
65 |
4,517 | 2,263 | -11,200 | 15,000 | 173 | 3,659 | 2,918 | 1,246 | 590 | 489 | 584 | 960 | |
66B |
- | - | - | - | - | - | - | 2,585 | - | - | - | - | |
9903 |
103,714 | 240,234 | 214,988 | 303,105 | 286,463 | 260,354 | 202,308 | 123,615 | 237,360 | 138,081 | 90,170 | 81,872 | |
67/77 |
29,403 | 67,585 | 64,033 | 98,695 | 88,220 | 81,965 | 57,367 | 26,164 | 96,210 | 54,131 | 29,959 | 30,955 | |
9904 |
74,311 | 172,649 | 150,955 | 204,410 | 198,243 | 178,389 | 144,941 | 97,452 | 141,150 | 83,950 | 60,211 | 50,917 | |
9905 |
74,311 | 172,649 | 150,955 | 204,410 | 198,243 | 178,389 | 144,941 | 97,452 | 141,150 | 83,950 | 60,211 | 50,917 | |
| Appropriation of the result | |||||||||||||
9906 |
74,311 | 172,649 | 150,955 | 204,410 | 198,243 | 178,389 | 144,941 | 97,452 | 141,150 | 83,950 | 60,211 | 50,917 | |
791/2 |
178,389 | 242,393 | - | 141,150 | 83,950 | 25,000 | 25,000 | - | - | - | - | - | |
691/2 |
72,823 | 171,631 | 150,955 | 204,410 | 198,243 | 178,389 | 144,941 | 97,452 | 141,150 | 83,950 | 60,211 | 50,917 | |
6921 |
72,823 | 171,631 | 150,955 | 204,410 | 198,243 | 178,389 | 144,941 | 97,452 | 141,150 | 83,950 | 60,211 | 50,917 | |
694/7 |
179,877 | 243,411 | - | 141,150 | 83,950 | 25,000 | 25,000 | - | - | - | - | - | |
694 |
178,389 | 242,393 | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | 141,150 | 83,950 | 25,000 | 25,000 | - | - | - | - | - | |
696 |
1,488 | 1,017 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
1 | 1 | 2.7 | 4.3 | 4 | 3.8 | 3 | 2 | 2 | 1.8 | 2 | - | |
Hours worked1013 |
411 | 413 | 4,621 | 6,969 | 6,544 | 6,572 | 4,824 | 3,505 | 3,472 | 3,204 | 1,992 | - | |
| Document | |||||||||||||
The accounts for financial year 2013 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 18 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 22-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00316403 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00291746 | |
| 31-12-2023 | abbreviated format | 14-08-2024 | 2024-00344591 | |
| 31-12-2022 | abbreviated format | 17-05-2023 | 2023-00088750 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20117867 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-49400420 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21500559 | |
| 31-12-2018 | micro format | 07-08-2019 | 2019-44000595 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48800180 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56600462 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-27200508 | |
| 31-12-2014 | abbreviated format | 03-07-2015 | 2015-27800174 | |
| 31-12-2013 | abbreviated format | 22-07-2014 | 2014-33400364 |
Subsidies and aid
Flemish government 2022 to 2023, 2 entries, €795 awarded, €795 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €315 | €315 |
| 2022 | 1 | €480 | €480 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 170,592 | 266,811 | 239,120 | 369,003 | 321,789 | 299,510 | 249,054 | 214,923 | 253,388 | 152,787 | 104,568 | 94,622 | ||
| 153,368 | 241,043 | 207,702 | 257,583 | 233,953 | 219,109 | 189,415 | 185,637 | 157,544 | 99,422 | 75,343 | 64,073 | ||
| 1,763 | 102,928 | 76,275 | 86,942 | 14,430 | 7,699 | 192,676 | 336,261 | 14,386 | 14,605 | 17,822 | 31,194 | ||
| 27,070 | -164,649 | -342,495 | 24,741 | 56,686 | 280,436 | -16,915 | -53,099 | 69,692 | 53,363 | 53,453 | - | ||
| 599,431 | 644,515 | 770,136 | 629,191 | 614,361 | 493,750 | 328,534 | 363,313 | 386,698 | 239,371 | 154,554 | 97,033 | ||
| 72.5% | 80.8% | 85.5% | 71.9% | 74.8% | 76.4% | 73.8% | 72.5% | 90.3% | 83.8% | 78.7% | 73.9% | ||
| 2.83 | 4.16 | 6.96 | 3.08 | 3.88 | 4.58 | 4.31 | 6.82 | 10.62 | 5.58 | 4.04 | 3.16 | ||
| 0.38 | 0.24 | 0.17 | 0.39 | 0.34 | 0.31 | 0.36 | 0.38 | 0.11 | 0.19 | 0.27 | 0.35 | ||
| 7.9% | 16.6% | 13.6% | 21.3% | 22.1% | 22.8% | 23.0% | 19.1% | 34.2% | 30.9% | 32.1% | 40.0% | ||
| 5.8% | 13.4% | 11.6% | 15.3% | 16.5% | 17.4% | 17.0% | 13.8% | 30.9% | 25.9% | 25.3% | 29.6% | ||
| 37.77 | over 100 | -21.35 | 24.60 | over 100 | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 5 | 5 |
| full-time | 0 | 0 | - | 4 | 4 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.3 | 0.3 | 0.3 | 4.3 | 4.3 |
| 0.3 | 0.3 | 2.7 | 4.3 | 4 | |
| On a permanent contract | 1 | 1 | 1 | 5 | 5 |
| Joined | - | - | 0 | - | 2 |
| Left | - | - | 4 | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €27,273 | €27,273 | - | - | - |
| €122,727 | €122,727 | - | - | - | |
| Carrying value of the mortgaged assets | €234,692 | €266,055 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,763 | €102,928 | €76,275 | €86,942 | €14,430 |
| €79,057 | €68,394 | €56,747 | €53,173 | €35,709 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
2 awards · 2025
Groepsaankoop raamovereenkomst voor diensten mbt veiligheidscoördinatie, EPB en stabiliteitsstudies: Veiligheidscoördinatie regio Noord
Groepsaankoop raamovereenkomst voor diensten mbt veiligheidscoördinatie, EPB en stabiliteitsstudies: Veiligheidscoördinatie regio zuid
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Insights on Construct 34
The operating result for 2025 is 54% lower than in 2024 and the lowest since 2015.
Debt's share of the balance-sheet total rises from 19.2% to 27.5%. Equity is lower and debt is higher.