CONSTRUCT CENTER
ActiveSummary
CONSTRUCT CENTER has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,337 and a net result of €4,662. Equity has been growing by about 22% per year since 2018. Its solvency ranks better than 18% of 12,781 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-03-2008 Normal situation
- Activity
- Retail sale of household furniture NACE 47551and 5 others
- Joint committees
- 201 Paritair Comité voor de zelfstandige kleinhandel
- 200 Aanvullend Paritair Comité voor de bedienden
- 149 Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn · annual accounts 2025
- Establishment unit
- 2.171.305.606 5060 Sambreville, since 18-03-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Board and ownership
- TILKIOGLU AbdulkadirDirector · since 03-02-2023
- KALINCIK AdnanDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €944,127
- ▲ 23.0%
- Turnover
- ≈ €4.9m
- estimated
- Profit
- €4,662
- ▼ 91.6%
- Equity
- €259,337
- ▲ 1.8%
- Total assets
- €3.7m
- ▲ 48.5%
- Employees on 31-12-2025
- 23
- ▲ 9.5%
- 2025 accounts filed 74 days after the deadline
Score breakdownraises riskLast filed accounts filed 74 days late; 3 of the last 3 accounts lateEquity €259,337 (7.1% of total assets)lowers riskFounded in 2008Figures for financial year 2025 (filed on 16-10-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, small). It does better than 18% of them on solvency, 15% on liquidity, 30% on profitability and 45% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 71 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 74 days after the deadline Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560133.
Annual accounts 2025 filed on 13-10-2026 at the NBB all 17 filings
Every figure per financial year
The operating result for 2025 is 56% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 6 | 14 | 21 | 23 |
| full-time | 4 | 5 | 9 | 10 | 14 |
| part-time | 6 | 1 | 5 | 11 | 9 |
| in full-time equivalents | 7 | 5.5 | 11 | 15.1 | 18.2 |
| Average over the year, in full-time equivalents | 4.6 | 5.6 | 8.5 | 12.8 | 17.7 |
| On a permanent contract | 10 | 5 | 11 | 16 | 21 |
| Joined | - | 4 | 16 | 19 | 25 |
| Left | - | 8 | 7 | 12 | 23 |
| Training hours | - | 3,374 | - | 3,038 | 5,959 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,507 | €28,924 | €172,737 | €58,648 | €323,173 |
| Intangible fixed assets | - | - | €10,632 | - | - |
| Depreciation and write-downs of the year | €9,388 | €14,836 | €34,646 | €55,140 | €71,124 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €113,577 | €138,920 | €302,281 | €590,918 | €801,733 | ▲ 35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,989 | €13,329 | €11,986 | €9,388 | €14,836 | €34,646 | €55,140 | €71,124 | ▲ 29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €34,469 | €22,772 | -€571 | -€104 | - | - |
| Other operating charges640/8 | - | - | - | €3,145 | €14,552 | €18,264 | €896 | €16,134 | ▲ 18× |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €2,242 | - |
| Gross operating margin9900 | €43,420 | €57,478 | €71,801 | €198,861 | €257,642 | €386,348 | €767,302 | €944,127 | ▲ 23.0% |
| Operating profit (loss)9901 | -€4,213 | €5,197 | €831 | €38,282 | €66,562 | €31,728 | €120,452 | €52,894 | ▼ 56.1% |
| Financial income75/76B | - | - | - | €9,332 | €13,866 | €16,771 | €1,065 | €4,368 | ▲ 310% |
| Recurring financial income75 | €5,500 | €5,075 | €13,817 | €9,332 | €13,866 | €16,771 | €1,065 | €4,368 | ▲ 310% |
| Financial charges65/66B | - | - | - | €2,432 | €2,263 | €3,789 | €39,595 | €36,350 | ▼ 8.2% |
| Recurring financial charges65 | €758 | €1,083 | €2,878 | €2,288 | €2,263 | €3,789 | €39,541 | €36,350 | ▼ 8.1% |
| Non-recurring financial charges66B | - | - | - | €144 | - | - | €54 | - | - |
| Profit (loss) for the period before taxes9903 | €529 | €9,189 | €11,765 | €45,182 | €78,165 | €44,710 | €81,922 | €20,912 | ▼ 74.5% |
| Income taxes67/77 | €1,210 | €2,797 | €2,806 | €13,409 | €25,757 | €21,605 | €26,706 | €16,250 | ▼ 39.2% |
| Profit (loss) for the period9904 | -€681 | €6,392 | €8,959 | €31,773 | €52,408 | €23,105 | €55,216 | €4,662 | ▼ 91.6% |
| Profit (loss) for the period to be appropriated9905 | -€681 | €6,392 | €8,959 | €31,773 | €52,408 | €23,105 | €55,216 | €4,662 | ▼ 91.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.8m | €2.5m | €3.7m | ▲ 48.5% |
| Fixed assets21/28 | €0.03m | €0.02m | €0.005m | €0.02m | €0.03m | €0.2m | €0.2m | €0.4m | ▲ 138% |
| Intangible fixed assets21 | - | - | - | - | - | €0.009m | €0.007m | €0.005m | ▼ 30.1% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.005m | €0.02m | €0.03m | €0.2m | €0.2m | €0.4m | ▲ 145% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.01m | €0.009m | €0.09m | ▲ 812% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.03m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Other tangible fixed assets26 | - | - | - | €277 | €185 | €92 | - | €0.2m | - |
| Current assets29/58 | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.7m | €2.3m | €3.2m | ▲ 41.4% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | €1.0m | €1.8m | ▲ 68.0% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.09m | €1.0m | €1.8m | ▲ 68.0% |
| Amounts receivable within one year40/41 | €0.06m | €0.03m | €0.09m | €0.1m | €0.2m | €0.4m | €1.0m | €1.3m | ▲ 26.0% |
| Trade receivables40 | - | - | - | €0.08m | €0.1m | €0.4m | €1.0m | €1.3m | ▲ 26.5% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.05m | €0.01m | €0.004m | €172 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | €0.03m | €0.04m | €0.07m | €0.1m | €0.2m | €0.2m | ▼ 18.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.004m | €0.006m | €0.01m | €0.01m | ▼ 4.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.8m | €2.5m | €3.7m | ▲ 48.5% |
| Equity10/15 | €0.08m | €0.08m | €0.09m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 1.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.06m | €0.06m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | - | - | - | - | €0.05m | €0.08m | €0.1m | €0.1m | ▲ 3.6% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | €2.2m | €3.4m | ▲ 53.9% |
| Amounts payable after more than one year17 | €0.01m | €0.02m | €0.02m | €0.03m | €0.007m | €0.07m | €0.04m | €0.09m | ▲ 110% |
| Financial debts170/4 | - | - | - | €0.01m | €0.007m | €0.07m | €0.04m | €0.09m | ▲ 110% |
| Other amounts payable178/9 | - | - | - | €0.02m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.2m | €0.1m | €0.3m | €0.6m | €1.8m | €2.6m | ▲ 44.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.005m | €0.005m | €0.04m | €0.04m | €0.06m | ▲ 63.0% |
| Trade debts44 | €0.1m | €0.05m | €0.1m | €0.07m | €0.2m | €0.2m | €1.3m | €1.9m | ▲ 41.8% |
| Suppliers440/4 | - | - | - | €0.07m | €0.2m | €0.2m | €1.3m | €1.9m | ▲ 41.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.06m | €0.1m | €0.2m | €0.3m | ▲ 39.5% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.05m | €0.2m | €0.2m | ▲ 14.4% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.05m | €0.04m | €0.1m | ▲ 128% |
| Other amounts payable47/48 | - | - | - | €0.04m | €136 | €0.2m | €0.3m | €0.4m | ▲ 58.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €225 | €98 | €0.4m | €0.7m | ▲ 93.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€681 | €6,392 | €8,959 | €31,773 | €52,408 | €23,105 | €55,216 | €4,662 | ▼ 91.6% |
| + Depreciation and write-downs630 | €15,989 | €13,329 | €11,986 | €9,388 | €14,836 | €34,646 | €55,140 | €71,124 | ▲ 29.0% |
| Operating cash flow (approximation) | €15,308 | €19,721 | €20,945 | €41,161 | €67,244 | €57,751 | €110,356 | €75,786 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | -€795 | €0 | -€23,507 | -€28,899 | -€183,369 | -€55,617 | -€323,173 | ▼ 481% |
| Change in cash | - | -€547 | €22,688 | €4,209 | €34,430 | €60,109 | €56,310 | -€34,525 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,448 companies had the same profile as CONSTRUCT CENTER has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONSTRUCT CENTER itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,448 companies, not a prediction for CONSTRUCT CENTER. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-10-2026 | 2026-00560133 | |
| 31-12-2024 | full format | 29-09-2025 | 2025-00525227 | |
| 31-12-2023 | micro format | 11-10-2024 | 2024-00509200 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00484544 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20403047 | |
| 31-12-2020 | micro format | 03-11-2021 | 2021-76300025 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67900279 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-73000364 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56600581 | |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43600370 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 21-02-2023 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KALINCIK Adnan |
|
| TILKIOGLU Abdulkadir |
|
| Adna KALINCIK |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation, 10”“12, fixe ou proportionnelle”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, 8”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement nombre actions si plusieurs, 9”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “7, organe qui procède à l'émission”
Articles of association, deed of 21-02-2023 (in French)
Network & group
CONSTRUCT CENTER shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of CONSTRUCT CENTER. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-06
Gazette deed
Resignation: Adna KALINCIK (director)Director discharge3 points ▸
- General meeting, 20-05-2026
- Director resignation, Adna KALINCIK (director)
- Director discharge, Adna KALINCIK (director)
21-02
Gazette deed
Company renamed from DECO CENTER to CONSTRUCT CENTERRegistered office moved within Sambreville · New seat: 5060 Sambreville (section de Velaine-sur-Sambre), rue de Jemeppe, 28 · Previous seat: 5060 Sambreville (section de Tamines), Avenue Président Roosevelt 6013 points ▸
- General meeting, 03-02-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Reserve release, “compte de capitaux propres statutairement indisponibles, suppression” (deed in French)
- Name change, CONSTRUCT CENTER
- Other provision, “rapport de modification de l'objet, organe d'administration” (deed in French)
- Capital
- Director resignation, KALINCIK Adnan (manager)
- Director discharge, KALINCIK Adnan
- Board rule, 2
- Director appointment, KALINCIK Adnan (director (not named in the articles))
- Director appointment, TILKIOGLU Abdulkadir (director (not named in the articles))
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 5060 Sambreville (section de Tamines) until 01-04-2023 · act of 21-02-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
50 activities
- 4322101 installation dans des batim. ou autres constr. de : plomberie et app. sanitaires,conduites et raccordements de gaz ou d'eau (excepté pour chauff.),installation d'extinction automat. d'incendie,etc.
- 43222 Installation de chauffage,de ventilation et de conditionnement d'air
- 4322201 Installation dans des bâtim. ou d'autres projets de construction de : systèmes de chauff. à l'électricité,au gaz et au mazout,chaudières,mater. et conduites de ventilation et de climatisation,etc.
- 4322202 Installation de systèmes de chauffage,de climatisation et de ventilation (sauf chauffage)
- 4329102 Travaux d'isolation de canalisations de chauffage ou de réfrigération
- 4614005 Intermédiaires du commerce en matériel électrique et électronique,y compris le matériel d'installation à usage industriel
- 4615003 Intermédiaires du commerce en fournitures pour plomberie,matériels d'installation électrique à usage domestique et installations de chauffage
- 46431 Commerce de gros d'appareils électroménagers et audiovidéo
- 4643101 Corumerce de gros d'appareils électroménagers
- 46697 Commerce de gros de machines et d'appareils de chauffage et de refroidissement à usage industriel
- 46736 Commerce de gros d'équipements sanitaires
- 4673601 Commerce de gros d'appareils sanitaires: baignoires,lavabos,cuvettes d'aisance,etc.
- 46742 Commerce de gros de fournitures poux plomberie et chauffage
- 4674201 Commerce de gros d'appareils de chauffage central
- 4674202 Commerce de gros de fournitures pour installations sanitaires et chauffage central: tubes,tuyaux,raccords de tuyauterie,robinets,tuyaux er. caoutchouc,etc.
- 47527 Commerce de détail d'articles et de matériels d'installations sanitaires en magasin spécialisé
- 47540 Commerce de détail d'appareils électroménagers en magasin spécialisé
- 4754001 Commerce de détail d'appareils électroménagers
- 4776102 Commerce de détail de graines,d'engrais,de produits phytosanitaires,etc.
- 4613003 intermédiaires du commerce en articles sanitaires
- 4615003 intermédiaires du commerce en fournitures pour plomberie,matériels d'installation électrique à usage domestique et installations de chauffage
- 4643104 le commerce de gros de matériels électriques d'installation à usage domestique
- 46494 Commerce de gros d'articles ménagers non électriques
- 4649411 le commerce de gros de meubles,d'appareils ménagers nonélectriques et de revêtements de sol,y compris les tapis
- 46693 Commerce de gros de matériel électrique,y compris le matériel d'installation
- 46697 Commerce de gros de machines et d'appareils de chauffage et de refroidissement à usage industriel
- 46733104 le commerce de gros d'appareils sanitaires: baignoires,lavabos,cuvettes d'aisance,etc.
- 46736 Commerce de gros d'équipements sanitaires
- 46742 Commerce de gros de fournitures pour plomberie et chauffage
- 4674201 le commerce de gros d'appareils de chauffage central
- 4674202 le commerce de gros de fournitures pour installations sanitaires et chauffage central : tubes,tuyaux,raccords de tuyauterie,robinets,tuyaux en caoutchouc,etc.
- 4759102 le commerce de détail de cuisines équipées
- 47593 Commerce de détail d'appareils ménagers non électriques,de vaisselle,de verrerie,de porcelaine et de poterie en magasin spécialisé
- 4759301 le commerce de détail d'appareils ménagers non électriques,de coutellerie
- 4614005 intermédiaires du commerce en matériel électrique et électronique,y compris le matériel d'installation à usage industriel
- 46431 Commerce de gros d'appareils électroménagers et audiovidéo
- 4643101 le commerce de gros d'appareils électroménagers
- 46520 Commerce de gros de composants et d'équipements électroniques et de télécommunication
- 47540 Commerce de détail d'appareils électroménagers en magasin spécialisé
- 4754001 le commerce de détail d'appareils électroménagers
- 43211 Travaux d'installation électrotechnique de bâtiment
- 4321102 Installation de systèmes de ORcommunication et installations informatiques
- 4321103Installation de systèmes de surveillance et d'alarme contre les effractions
- 43212 Travaux d'installation électrotechnique autres que de bâtiment
- 4321201 Installation de systèmes d'éclairage et de signalisation pour chaussées,voies ferrées,aéroports et installations portuaires (y compris l'installation de panneaux de signalisation)
- 432221 Installation d'installations électriques de chauffage
- 4329902 Installation d'enseignes,lumineuses ou non
- 4329911 Installation d'ascenseurs et escaliers mécaniques
- 4329912 Installation d'antennes d'immeubles et paratonnerres
- La vente de matériaux de construction
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 0896.516.659