Summary
Construct Concrete is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €13.3m and a net result of -€643,772. Equity is growing by ~54.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 2451 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
18 d early
2024
7 d early
2023
5 d early
2022
20 d early
2021
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 19 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€13.3m▼ 4.6%
2024 · €14.0m
Net result
-€643,772
2024 · €9.5m
Total assets
€34.8m▲ 13.1%
2024 · €30.8m
Solvency
38.3%▼ 7.1pp
2024 · 45.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Turnover€992,686€768,273▼ 22.6%
Operating result-€387,544-€495,590€294,629▼ 40.5%€335,145▲ 13.8%€126,893▼ 62.1%
Net result-€202,367below the sector's middle half-€228,024above the sector's middle half€6,292within the sector's middle half▼ 97.2%€9.5mabove the sector's middle half▲ 151,405%-€643,772below the sector's middle half
Equity€2.8mabove the sector's middle half-€3.1mabove the sector's middle half▲ 8.0%€4.5mabove the sector's middle half▲ 44.9%€14.0mwithin the sector's middle half▲ 214%€13.3mwithin the sector's middle half▼ 4.6%
Total assets€15.5mabove the sector's middle half-€15.2mabove the sector's middle half▼ 1.9%€28.7mabove the sector's middle half▲ 89.1%€30.8mwithin the sector's middle half▲ 7.2%€34.8mwithin the sector's middle half▲ 13.1%
Debt€12.6m-€12.1m▼ 4.1%€24.3m▲ 100%€16.8m▼ 30.8%€21.5m▲ 27.8%
Working capital€2.5mabove the sector's middle half-€1.9mabove the sector's middle half▼ 24.9%-€10.4mbelow the sector's middle half€862,099within the sector's middle half-€3.1mbelow the sector's middle half
Solvency18.4%below the sector's middle half-20.2%below the sector's middle half▲ 1.9pp15.5%below the sector's middle half▼ 4.7pp45.4%within the sector's middle half▲ 29.9pp38.3%within the sector's middle half▼ 7.1pp
Current ratio3.59above the sector's middle half-2.44within the sector's middle half▼ 1.150.21below the sector's middle half▼ 2.231.22within the sector's middle half▲ 1.010.57within the sector's middle half▼ 0.64
Return on assets (ROA)-1.3%below the sector's middle half-1.5%within the sector's middle half▲ 2.8pp0.0%below the sector's middle half▼ 1.5pp31.0%above the sector's middle half▲ 30.9pp-1.8%below the sector's middle half▼ 32.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +151,405% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.8m
Fixed assets
€30.6m ▲ 17.8%
Current assets
€4.2m ▼ 12.2%
Equity and liabilities €34.8m
Equity
€13.3m ▼ 4.6%
Debt
€21.5m ▲ 27.8%
Debt's share of the balance-sheet total rises from 54.6% to 61.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-4.8%▼
2024 · 68.1%
Debt ≤ 1 year
€7.4m▲
2024 · €4.0m
Debt > 1 year
€13.3m▲
2024 · €12.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €992,686 | €833,926 | ▼ 16.0% |
| Turnover70 | - | - | - | €992,686 | €768,273 | ▼ 22.6% |
| Other operating income74 | - | - | - | - | €1,294 | - |
| Non-recurring operating income76A | - | - | - | - | €64,359 | - |
| Operating charges60/66A | - | - | - | €657,541 | €707,033 | ▲ 7.5% |
| Services and other goods61 | - | - | - | €656,009 | €705,714 | ▲ 7.6% |
| Other operating charges640/8 | €996 | €921 | €1,359 | €1,532 | €1,318 | ▼ 14.0% |
| Gross operating margin9900 | -€386,548 | €496,511 | €295,988 | - | - | - |
| Operating profit (loss)9901 | -€387,544 | €495,590 | €294,629 | €335,145 | €126,893 | ▼ 62.1% |
| Financial income75/76B | €746,958 | €79,365 | €66,991 | €10.1m | €95,355 | ▼ 99.1% |
| Recurring financial income75 | €746,958 | €79,365 | €66,991 | €10.1m | €95,355 | ▼ 99.1% |
| Income from financial fixed assets750 | - | - | - | €10.1m | €0 | ▼ 100% |
| Income from current assets751 | - | - | - | €71,175 | €95,355 | ▲ 34.0% |
| Financial charges65/66B | €561,781 | €346,931 | €355,328 | €923,146 | €866,021 | ▼ 6.2% |
| Recurring financial charges65 | €561,781 | €346,931 | €355,328 | €923,146 | €866,021 | ▼ 6.2% |
| Debt charges650 | - | - | - | €922,915 | €792,949 | ▼ 14.1% |
| Other financial charges652/9 | - | - | - | €231 | €73,072 | ▲ 31,541% |
| Profit (loss) for the period before taxes9903 | -€202,367 | €228,024 | €6,292 | €9.5m | -€643,772 | ▼ 107% |
| Profit (loss) for the period9904 | -€202,367 | €228,024 | €6,292 | €9.5m | -€643,772 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€202,367 | €228,024 | €6,292 | €9.5m | -€643,772 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.5m | €15.2m | €28.7m | €30.8m | €34.8m | ▲ 13.1% |
| Fixed assets21/28 | €12.0m | €12.0m | €26.0m | €26.0m | €30.6m | ▲ 17.8% |
| Financial fixed assets28 | €12.0m | €12.0m | €26.0m | €26.0m | €30.6m | ▲ 17.8% |
| Affiliated companies280/1 | - | - | - | €26.0m | €30.6m | ▲ 17.8% |
| Participating interests280 | - | - | - | €26.0m | €30.6m | ▲ 17.8% |
| Current assets29/58 | €3.5m | €3.2m | €2.8m | €4.8m | €4.2m | ▼ 12.2% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €3.3m | €2.9m | €2.6m | €3.5m | €3.9m | ▲ 9.8% |
| Trade receivables40 | €27,125 | €0 | €32,821 | €27,830 | €64,558 | ▲ 132% |
| Other amounts receivable41 | €3.2m | €2.9m | €2.6m | €3.5m | €3.8m | ▲ 8.8% |
| Cash at bank and in hand54/58 | €249,071 | €323,786 | €183,829 | €1.3m | €360,967 | ▼ 72.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €27,822 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.5m | €15.2m | €28.7m | €30.8m | €34.8m | ▲ 13.1% |
| Equity10/15 | €2.8m | €3.1m | €4.5m | €14.0m | €13.3m | ▼ 4.6% |
| Contributions10/11 | €3.1m | €3.1m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | €3.1m | €3.1m | €4.4m | €4.4m | €4.4m | = |
| Issued capital100 | €3.1m | €3.1m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | - | €1,283 | €1,597 | €442,500 | €442,500 | = |
| Non-distributable reserves130/1 | - | €1,283 | €1,597 | €442,500 | €442,500 | = |
| Legal reserve130 | - | €1,283 | €1,597 | €442,500 | €442,500 | = |
| Profit (loss) carried forward14 | -€202,367 | €24,374 | €30,352 | €9.1m | €8.5m | ▼ 7.1% |
| Amounts payable17/49 | €12.6m | €12.1m | €24.3m | €16.8m | €21.5m | ▲ 27.8% |
| Amounts payable after more than one year17 | €11.3m | €10.4m | €10.6m | €12.2m | €13.3m | ▲ 9.8% |
| Financial debts170/4 | €11.3m | €10.4m | €10.6m | €12.2m | €13.3m | ▲ 9.8% |
| Subordinated loans170 | - | - | - | €7.9m | €9.0m | ▲ 14.5% |
| Credit institutions173 | - | - | - | €800,000 | €848,428 | ▲ 6.1% |
| Other loans174 | - | - | - | €3.5m | €3.5m | = |
| Amounts payable within one year42/48 | €981,981 | €1.3m | €13.2m | €4.0m | €7.4m | ▲ 86.3% |
| Current portion of amounts payable after more than one year42 | €875,000 | €1.1m | €1.4m | €1.6m | €930,263 | ▼ 40.0% |
| Financial debts43 | - | - | €8.0m | €0 | - | - |
| Credit institutions430/8 | - | - | €8.0m | €0 | - | - |
| Trade debts44 | €30,597 | €50,473 | €165,371 | €87,884 | €38,561 | ▼ 56.1% |
| Suppliers440/4 | €30,597 | €50,473 | €165,371 | €87,884 | €38,561 | ▼ 56.1% |
| Taxes, remuneration and social security45 | €1,384 | €0 | - | - | - | - |
| Taxes450/3 | €1,384 | €0 | - | - | - | - |
| Other amounts payable47/48 | €75,000 | €150,000 | €3.7m | €2.3m | €6.4m | ▲ 176% |
| Accrued charges and deferred income492/3 | €362,808 | €428,768 | €496,857 | €671,305 | €731,961 | ▲ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€202,367 | €228,024 | €6,292 | €9.5m | -€643,772 | ▼ 107% |
| Operating cash flow (approximation) | -€202,367 | €228,024 | €6,292 | €9.5m | -€643,772 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €0 | -€14.0m | €0 | -€4.6m | - |
| Change in cash | - | €74,715 | -€139,957 | €1.1m | -€959,714 | ▼ 184% |
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
2026
08-09
State Gazette act
Permanent representatives: Frank Buysse and Aertgeerts RudolfAppointments: Construct Materials Group (director) and Phaesys (director) · Power of attorney8 facts ▸
State Gazette act
Permanent representatives: Frank Buysse and Aertgeerts Rudolf
Appointments: Construct Materials Group (director) and Phaesys (director) · Power of attorney8 facts ▸
- General meeting, 30-06-2026
- Permanent representative, Frank Buysse (permanent representative)
- Permanent representative, Aertgeerts Rudolf (permanent representative)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Dorien LUYCKX
- Power of attorney, Neelke DE VRIENDT
- Director appointment, Construct Materials Group (director)
- Director appointment, Phaesys (director)
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€643,772
Net result drops to -€643,772, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €9.5m ▲151,405%
Net result €9.5m, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 1.22
Current ratio from 0.21 to 1.22; short-term debt falls from €13.2m to €4.0m.
31-12
Financial
Equity above €10mEq €14.0m ▲214%
3 profitable years in a row build equity to €14.0m.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €228,024
Net result €228,024 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
Construct Materials Group
CurrentDirector · since 30-06-2026 · Legal entity · perm. rep.: Frank Buysse
Phaesys
CurrentDirector · since 30-06-2026 · Legal entity · perm. rep.: Aertgeerts Rudolf
Permanent representatives 2
Aertgeerts Rudolf
CurrentPermanent representative · since 30-06-2026 · for Phaesys
Frank Buysse
CurrentPermanent representative · since 30-06-2026 · for Construct Materials Group
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
8,232 m²
Building footprint
496 m²
Volume, LiDAR
18,600 m³
Parcel 11809I2170/00R010, Flanders · tallest building 59.6 m, ±17 floors. Linked by address, not a title deed.
1 establishment unit
Construct Concrete
since 20202.302.915.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2170/00R010 | Flanders | 8,232 m² | 1 · 496 m² | 59.6 m · 17 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Construct Materials Group |
|
| Phaesys |
|
Structure & network
Owners and holdings
1 owner · 3 holdings · 5 subsidiaries in the treeChain of control
- Construct Materials Group
- Construct Concrete
Highest known parent: Construct Materials Group. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 3
- Betonwerken Vets en ZonensubsidiaryEquity €2.6mResult -€324,397100%
-
100%
-
100%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Betonwerken Vets en Zonen 100%
DAERDEN PREFAB 100%2 subsidiaries
- DAERDEN EN CO 100%
- IMMO DAVOS 100%
- Pauli Beheer 100%
According to the 2025 annual accounts of Construct Concrete and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,900 EUR awarded · 1,294 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,900 EUR | 1,294 EUR |
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 5,247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747838623
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.