CONSTRUCT CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CONSTRUCT CONCEPT is 1.6% (moderate). The 2024 annual accounts show equity of €35k and a net result of €5k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 56% of 1633 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-11
Solvency77▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 2.0 in 2023; short-term debt: 46.5% and cash: 2.4% of total assets), and 48% of the assets are financed with debt.
Credit check for your own amount and term
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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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
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 2024Solvency, return and age of the figures
Solvency
52%
Return on assets
7.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
25 d early
2022
53 d late
2021
86 d late
2020
30 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 9.9%
2023 · €32k
2018: €20klowest in 7 years
2019: €42k▲ +110% vs 2018highest in 7 years
2020: €37k▼ -11.5% vs 2019
2021: €25k▼ -31.9% vs 2020
2022: €21k▼ -16.0% vs 2021
2023: €32k▲ +49.5% vs 2022
2024: €35k▲ +9.9% vs 2023
2018 → 2024
Total assets
€67k▲ 6.0%
2023 · €63k
2018: €62k
2019: €98k▲ +59.6% vs 2018highest in 7 years
2020: €73k▼ -26.1% vs 2019
2021: €57k▼ -21.9% vs 2020
2022: €49k▼ -13.5% vs 2021lowest in 7 years
2023: €63k▲ +28.6% vs 2022
2024: €67k▲ +6.0% vs 2023
2018 → 2024
Net result
€5k▼ 50.9%
2023 · €10k
2018: €3k
2019: €22k▲ +582% vs 2018highest in 7 years
2020: €-5k▼ -122% vs 2019
2021: €-12k▼ -147% vs 2020lowest in 7 years
2022: €-4k▲ +65.8% vs 2021
2023: €10k▲ +360% vs 2022
2024: €5k▼ -50.9% vs 2023
2018 → 2024
Working capital
€14k▼ 54.9%
2023 · €31k
2018: €20k
2019: €25k▲ +25.5% vs 2018
2020: €27k▲ +8.7% vs 2019
2021: €22k▼ -18.9% vs 2020
2022: €18k▼ -17.4% vs 2021
2023: €31k▲ +70.3% vs 2022highest in 7 years
2024: €14k▼ -54.9% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€25k▼ 31.9%€21k▼ 16.0%€32k▲ 49.5%€35k▲ 9.9%
2020: €37khighest in 5 years
2021: €25k▼ -31.9% vs 2020
2022: €21k▼ -16.0% vs 2021lowest in 5 years
2023: €32k▲ +49.5% vs 2022
2024: €35k▲ +9.9% vs 2023
Operating result€-5k-€-12k▼ 158%€-4k▲ 66.1%€12k€7k▼ 39.9%
2020: €-5k
2021: €-12k▼ -158% vs 2020lowest in 5 years
2022: €-4k▲ +66.1% vs 2021
2023: €12k▲ +407% vs 2022highest in 5 years
2024: €7k▼ -39.9% vs 2023
Net result€-5k-€-12k▼ 147%€-4k▲ 65.8%€10k€5k▼ 50.9%
2020: €-5k
2021: €-12k▼ -147% vs 2020lowest in 5 years
2022: €-4k▲ +65.8% vs 2021
2023: €10k▲ +360% vs 2022highest in 5 years
2024: €5k▼ -50.9% vs 2023
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 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€22k ▲ 1,909%
Current assets
€45k ▼ 27.3%
Equity and liabilities €67k
Equity
€35k ▲ 9.9%
Debt
€32k ▲ 2.0%
Debt's share of the balance-sheet total falls from 49.9% to 48.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €14k
Cash flow
€11k▼
2023 · €12k
Current ratio
1.45▼
2023 · 2.00
Debt to equity
0.92▼
2023 · 1.00
ROE
14.8%▼
2023 · 33.1%
ROA
7.7%▼
2023 · 16.6%
Interest coverage
145.28▲
2023 · 134.97
Debt ≤ 1 year
€31k▲
2023 · €31k
Income taxes
€2k▲
2023 · €2k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€63k€67k▲
Fixed assets21/28€1k€22k▲
Tangible fixed assets22/27€1k€22k▲
Furniture and vehicles24€1k€22k▲
Current assets29/58€62k€45k▼
Amounts receivable within one year40/41€54k€42k▼
Trade receivables40€42k€30k▼
Other amounts receivable41€12k€12k▲
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€63k€67k▲
Equity10/15€32k€35k▲
Contributions10/11€8k€6k▼
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€22k€27k▲
Amounts payable17/49€32k€32k▲
Amounts payable within one year42/48€31k€31k▲
Trade debts44€9k€9k▼
Suppliers440/4€9k€9k▼
Advances received on contracts in progress46€18k€18k=
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€2k€422▼
Accrued charges and deferred income492/3€422€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€16k€15k▼
Operating profit (loss)9901€12k€7k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€105€90▼
Recurring financial charges65€105€90▼
Profit (loss) for the period before taxes9903€12k€7k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€10k€5k▼
Profit (loss) for the period to be appropriated9905€10k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€27k▲
Profit (loss) brought forward from the previous period14P€11k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €2k | €2k | €6k | ▲ 205% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▲ 18.8% |
| Gross operating margin9900 | €6k | €-1k | €129 | €16k | €15k | ▼ 4.7% |
| Operating profit (loss)9901 | €-5k | €-12k | €-4k | €12k | €7k | ▼ 39.9% |
| Financial income75/76B | - | - | €1 | - | €0 | - |
| Recurring financial income75 | - | - | €1 | - | €0 | - |
| Financial charges65/66B | - | €45 | €45 | €105 | €90 | ▼ 13.9% |
| Recurring financial charges65 | €78 | €45 | €45 | €105 | €90 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €-5k | €-12k | €-4k | €12k | €7k | ▼ 40.1% |
| Income taxes67/77 | €158 | €9 | - | €2k | €2k | ▲ 27.4% |
| Profit (loss) for the period9904 | €-5k | €-12k | €-4k | €10k | €5k | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-12k | €-4k | €10k | €5k | ▼ 50.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €57k | €49k | €63k | €67k | ▲ 6.0% |
| Fixed assets21/28 | €10k | €3k | €3k | €1k | €22k | ▲ 1,909% |
| Tangible fixed assets22/27 | €10k | €3k | €3k | €1k | €22k | ▲ 1,909% |
| Furniture and vehicles24 | - | €3k | €3k | €1k | €22k | ▲ 1,909% |
| Current assets29/58 | €63k | €54k | €46k | €62k | €45k | ▼ 27.3% |
| Amounts receivable within one year40/41 | €33k | €46k | €43k | €54k | €42k | ▼ 22.7% |
| Trade receivables40 | - | €33k | €31k | €42k | €30k | ▼ 30.2% |
| Other amounts receivable41 | - | €13k | €11k | €12k | €12k | ▲ 4.3% |
| Cash at bank and in hand54/58 | €28k | €7k | €2k | €7k | €2k | ▼ 75.8% |
| Deferred charges and accrued income490/1 | - | €354 | €2k | €1k | €2k | ▲ 30.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €57k | €49k | €63k | €67k | ▲ 6.0% |
| Equity10/15 | €37k | €25k | €21k | €32k | €35k | ▲ 9.9% |
| Contributions10/11 | - | €8k | €8k | €8k | €6k | ▼ 24.4% |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €27k | €15k | €11k | €22k | €27k | ▲ 23.8% |
| Amounts payable17/49 | €36k | €32k | €28k | €32k | €32k | ▲ 2.0% |
| Amounts payable within one year42/48 | €36k | €32k | €28k | €31k | €31k | ▲ 0.1% |
| Trade debts44 | €11k | €13k | €8k | €9k | €9k | ▼ 2.5% |
| Suppliers440/4 | - | €13k | €8k | €9k | €9k | ▼ 2.5% |
| Advances received on contracts in progress46 | - | €18k | €18k | €18k | €18k | = |
| Taxes, remuneration and social security45 | - | €9 | €9 | €2k | €4k | ▲ 123% |
| Taxes450/3 | - | €9 | €9 | €2k | €4k | ▲ 123% |
| Other amounts payable47/48 | - | €612 | €2k | €2k | €422 | ▼ 81.6% |
| Accrued charges and deferred income492/3 | - | - | - | €422 | €1k | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-12k | €-4k | €10k | €5k | ▼ 50.9% |
| + Depreciation and write-downs630 | €9k | €9k | €2k | €2k | €6k | ▲ 205% |
| Operating cash flow (approximation) | €4k | €-2k | €-2k | €12k | €11k | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €0 | €-27k | - |
| Change in cash | - | €-21k | €-6k | €5k | €-5k | ▼ 203% |
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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €22k ▲582%
Operating result €29k, net result €22k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 99 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 114 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 2011
Ground area
299 m²
Building footprint
92 m²
Volume, LiDAR
1,216 m³
Parcel 21906D0133/00M015, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CONSTRUCT CONCEPT
since 20112.197.826.691
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0133/00M015 | Brussels | 299 m² | 1 · 92 m² | 18.1 m · 5 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 1,226 companies in sector 33200 we hold annual accounts for 677. 443 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
Founded04-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43120Site preparation
43240Other construction installation
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.