CONSTRUCT'ART
ActiveSummary
CONSTRUCT'ART has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,649 and a net result of €10,513. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency43▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.58 in 2024; short-term debt: 40.9% and cash: 1.2% of total assets), and 81.9% of the assets are financed with debt.
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Signals
Six 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
18.1%
Return on assets
2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
39 d early
2023
47 d early
2022
36 d early
2021
28 d early
2020
41 d early
2019
39 d early
← 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 39 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Genappe, Manufacturing sector#9 company by equity in Genappe, Manufacturing sector
Equity
€94,649▲ 12.5%
2024 · €84,136
Total assets
€522,594▼ 8.5%
2024 · €571,368
Net result
€10,513▼ 42.7%
2024 · €18,346
Working capital
-€118,329▼ 10.1%
2024 · -€107,502
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€734▼ 95.9%€4,620▲ 529%€13,420▲ 190%€33,718▲ 151%€23,579▼ 30.1%
Net result€698within the sector's middle half▼ 94.3%€2,968within the sector's middle half▲ 325%€2,054within the sector's middle half▼ 30.8%€18,346within the sector's middle half▲ 793%€10,513within the sector's middle half▼ 42.7%
Equity€60,768within the sector's middle half▲ 1.2%€63,736within the sector's middle half▲ 4.9%€65,790within the sector's middle half▲ 3.2%€84,136within the sector's middle half▲ 27.9%€94,649within the sector's middle half▲ 12.5%
Total assets€158,660within the sector's middle half▲ 15.5%€150,467within the sector's middle half▼ 5.2%€532,730above the sector's middle half▲ 254%€571,368above the sector's middle half▲ 7.3%€522,594above the sector's middle half▼ 8.5%
Debt€97,892▲ 26.7%€86,730▼ 11.4%€466,940▲ 438%€487,232▲ 4.3%€427,945▼ 12.2%
Working capital€5,945▼ 65.6%€15,011▲ 152%-€127,339-€107,502▲ 15.6%-€118,329▼ 10.1%
Solvency38.3%within the sector's middle half▼ 5.4pp42.4%within the sector's middle half▲ 4.1pp12.3%below the sector's middle half▼ 30.0pp14.7%below the sector's middle half▲ 2.4pp18.1%below the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
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 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €522,594
Fixed assets
€427,217 ▲ 1.4%
Current assets
€95,376 ▼ 36.4%
Equity and liabilities €522,594
Equity
€94,649 ▲ 12.5%
Debt
€427,945 ▼ 12.2%
Debt's share of the balance-sheet total falls from 85.3% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,013▼
2024 · €85,831
Cash flow
€58,947▼
2024 · €70,459
Current ratio
0.45▼
2024 · 0.58
Quick ratio
0.43▼
2024 · 0.55
Debt to equity
4.52▼
2024 · 5.79
ROE
11.1%▼
2024 · 21.8%
ROA
2.0%▼
2024 · 3.2%
Interest coverage
6.20▼
2024 · 6.99
Debt ≤ 1 year
€213,706▼
2024 · €257,538
Debt > 1 year
€213,631▼
2024 · €229,104
Income taxes
€5,289▲
2024 · €3,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,098 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,678 | €1,233 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,513 | €34,327 | €43,494 | €52,113 | €48,434 | ▼ 7.1% |
| Other operating charges640/8 | - | €1,099 | €3,830 | €3,080 | €5,060 | ▲ 64.3% |
| Gross operating margin9900 | €31,592 | €40,046 | €60,743 | €88,911 | €77,073 | ▼ 13.3% |
| Operating profit (loss)9901 | €734 | €4,620 | €13,420 | €33,718 | €23,579 | ▼ 30.1% |
| Financial income75/76B | - | €286 | €1,253 | €884 | €3,829 | ▲ 333% |
| Recurring financial income75 | €588 | €286 | €1,253 | €884 | €3,829 | ▲ 333% |
| Financial charges65/66B | - | €1,204 | €12,402 | €12,275 | €11,606 | ▼ 5.5% |
| Recurring financial charges65 | €891 | €1,204 | €12,402 | €12,275 | €11,606 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | -€644 | €3,702 | €2,271 | €22,327 | €15,801 | ▼ 29.2% |
| Income taxes67/77 | -€1,342 | €734 | €217 | €3,981 | €5,289 | ▲ 32.8% |
| Profit (loss) for the period9904 | €698 | €2,968 | €2,054 | €18,346 | €10,513 | ▼ 42.7% |
| Profit (loss) for the period to be appropriated9905 | €698 | €2,968 | €2,054 | €18,346 | €10,513 | ▼ 42.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,660 | €150,467 | €532,730 | €571,368 | €522,594 | ▼ 8.5% |
| Fixed assets21/28 | €126,354 | €97,061 | €437,250 | €421,332 | €427,217 | ▲ 1.4% |
| Intangible fixed assets21 | - | - | €2,330 | €1,431 | €532 | ▼ 62.8% |
| Tangible fixed assets22/27 | €126,239 | €96,946 | €434,805 | €419,786 | €426,570 | ▲ 1.6% |
| Land and buildings22 | - | - | €374,258 | €351,768 | €350,755 | ▼ 0.3% |
| Plant, machinery and equipment23 | - | €12,299 | €34,133 | €56,123 | €65,974 | ▲ 17.6% |
| Furniture and vehicles24 | - | €84,648 | €26,414 | €11,895 | €9,841 | ▼ 17.3% |
| Financial fixed assets28 | €115 | €115 | €115 | €115 | €115 | = |
| Current assets29/58 | €32,306 | €53,405 | €95,481 | €150,037 | €95,376 | ▼ 36.4% |
| Stocks and contracts in progress3 | - | - | €11,868 | €8,240 | €4,225 | ▼ 48.7% |
| Stocks30/36 | - | - | €11,868 | €8,240 | €4,225 | ▼ 48.7% |
| Amounts receivable within one year40/41 | €19,168 | €39,313 | €66,720 | €122,537 | €75,936 | ▼ 38.0% |
| Trade receivables40 | - | €35,306 | €63,306 | €120,079 | €70,251 | ▼ 41.5% |
| Other amounts receivable41 | - | €4,007 | €3,414 | €2,458 | €5,685 | ▲ 131% |
| Current investments50/53 | €6,179 | €991 | - | - | - | - |
| Cash at bank and in hand54/58 | €4,693 | €9,965 | €1,090 | €2,435 | €6,432 | ▲ 164% |
| Deferred charges and accrued income490/1 | - | €3,136 | €15,803 | €16,825 | €8,783 | ▼ 47.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,660 | €150,467 | €532,730 | €571,368 | €522,594 | ▼ 8.5% |
| Equity10/15 | €60,768 | €63,736 | €65,790 | €84,136 | €94,649 | ▲ 12.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €17,560 | €17,560 | €17,560 | €17,560 | €27,560 | ▲ 56.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €15,700 | €15,700 | €15,700 | €15,700 | = |
| Distributable reserves133 | - | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | €37,008 | €39,976 | €42,030 | €60,376 | €60,889 | ▲ 0.8% |
| Amounts payable17/49 | €97,892 | €86,730 | €466,940 | €487,232 | €427,945 | ▼ 12.2% |
| Amounts payable after more than one year17 | €71,531 | €48,336 | €244,121 | €229,104 | €213,631 | ▼ 6.8% |
| Financial debts170/4 | - | €48,336 | €244,121 | €229,104 | €213,631 | ▼ 6.8% |
| Amounts payable within one year42/48 | €26,361 | €38,394 | €222,820 | €257,538 | €213,706 | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | €23,195 | €23,331 | €15,017 | €15,473 | ▲ 3.0% |
| Financial debts43 | - | - | €467 | €440 | €368 | ▼ 16.5% |
| Credit institutions430/8 | - | - | €467 | €440 | €368 | ▼ 16.5% |
| Trade debts44 | €2,772 | €14,795 | €46,586 | €68,741 | €42,372 | ▼ 38.4% |
| Suppliers440/4 | - | €14,795 | €46,586 | €68,741 | €42,372 | ▼ 38.4% |
| Taxes, remuneration and social security45 | - | €354 | €1,751 | €6,670 | €5,303 | ▼ 20.5% |
| Taxes450/3 | - | €354 | €217 | €5,105 | €5,289 | ▲ 3.6% |
| Remuneration and social security454/9 | - | - | €1,534 | €1,565 | €14 | ▼ 99.1% |
| Other amounts payable47/48 | - | €50 | €150,685 | €166,670 | €150,190 | ▼ 9.9% |
| Accrued charges and deferred income492/3 | - | - | - | €590 | €609 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €698 | €2,968 | €2,054 | €18,346 | €10,513 | ▼ 42.7% |
| + Depreciation and write-downs630 | €26,513 | €34,327 | €43,494 | €52,113 | €48,434 | ▼ 7.1% |
| Operating cash flow (approximation) | €27,211 | €37,295 | €45,547 | €70,459 | €58,947 | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | -€5,035 | -€383,682 | -€36,195 | -€54,320 | ▼ 50.1% |
| Change in cash | - | €5,272 | -€8,876 | €1,345 | €3,997 | ▲ 197% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €18,346 ▲793%
Operating result €33,718, net result €18,346, both a record.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Genappe · 1 establishment unit since 2012
Ground area
1,519 m²
Building footprint
162 m²
Volume, LiDAR
924 m³
Parcel 25113D0256/00E000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Emile Boucquéau 13, 1474 Genappe
since 20122.210.074.130
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25113D0256/00E000 | Wallonia | 1,519 m² | 1 · 162 m² | 8.2 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.
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Of 980 companies in sector 25401 we hold annual accounts for 407. 324 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 (pre-2019)
Founded05-06-2012
Fiscal year end30-06
Activities, NACEBEL 2025
25401Forging of metal
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846589769
Also
9925:BE0846589769
Registered
29-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.