CONSTRUCT IT
ActiveSummary
CONSTRUCT IT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,134 and a net result of €5,613. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency55▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.38 in 2024; short-term debt: 62.7% and cash: 89.8% of total assets), but 69.9% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
30.1%
Return on assets
1.6%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
44 d early
2023
41 d early
2022
39 d early
2021
45 d early
2020
40 d early
2019
22 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 40 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Glabbeek, Construction sector
Equity
€105,134▲ 5.6%
2024 · €99,522
Total assets
€349,030▲ 13.0%
2024 · €308,801
Net result
€5,613▲ 125%
2024 · €2,499
Working capital
€116,581▲ 46.0%
2024 · €79,863
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,806▼ 56.8%€563▼ 79.9%€10,872▲ 1,829%€2,549▼ 76.6%€6,280▲ 146%
Net result€1,958▼ 64.2%€380▼ 80.6%€8,256▲ 2,075%€2,499▼ 69.7%€5,613▲ 125%
Equity€134,701▲ 1.5%€122,423▼ 9.1%€113,832▼ 7.0%€99,522▼ 12.6%€105,134▲ 5.6%
Total assets€192,046▲ 9.1%€214,269▲ 11.6%€300,679▲ 40.3%€308,801▲ 2.7%€349,030▲ 13.0%
Debt€57,345▲ 32.6%€91,846▲ 60.2%€186,847▲ 103%€209,279▲ 12.0%€243,896▲ 16.5%
Working capital€133,468▲ 1.8%€123,258▼ 7.7%€92,074▼ 25.3%€79,863▼ 13.3%€116,581▲ 46.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 146% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,030
Fixed assets
€13,554 ▼ 31.1%
Current assets
€335,477 ▲ 16.0%
Equity and liabilities €349,030
Equity
€105,134 ▲ 5.6%
Debt
€243,896 ▲ 16.5%
Debt's share of the balance-sheet total rises from 67.8% to 69.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,385▲
2024 · €8,590
Cash flow
€11,718▲
2024 · €8,540
Current ratio
1.53▲
2024 · 1.38
Quick ratio
1.52▲
2024 · 1.34
Debt to equity
2.32▲
2024 · 2.10
ROE
5.3%▲
2024 · 2.5%
ROA
1.6%▲
2024 · 0.8%
Interest coverage
252.14▲
2024 · 117.60
Debt ≤ 1 year
€218,896▲
2024 · €209,279
Income taxes
€2,105▲
2024 · €1,012
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €905 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €362 | €362 | €4,967 | €6,042 | €6,105 | ▲ 1.0% |
| Other operating charges640/8 | €100 | - | - | €300 | - | - |
| Gross operating margin9900 | €3,269 | €926 | €15,839 | €8,890 | €12,385 | ▲ 39.3% |
| Operating profit (loss)9901 | €2,806 | €563 | €10,872 | €2,549 | €6,280 | ▲ 146% |
| Financial income75/76B | - | - | - | €1,035 | €1,487 | ▲ 43.7% |
| Recurring financial income75 | - | - | - | €1,035 | €1,487 | ▲ 43.7% |
| Financial charges65/66B | €30 | €41 | €36 | €73 | €49 | ▼ 32.8% |
| Recurring financial charges65 | €30 | €41 | €36 | €73 | €49 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €2,776 | €523 | €10,836 | €3,510 | €7,718 | ▲ 120% |
| Income taxes67/77 | €819 | €143 | €2,580 | €1,012 | €2,105 | ▲ 108% |
| Profit (loss) for the period9904 | €1,958 | €380 | €8,256 | €2,499 | €5,613 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €1,958 | €380 | €8,256 | €2,499 | €5,613 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192,046 | €214,269 | €300,679 | €308,801 | €349,030 | ▲ 13.0% |
| Fixed assets21/28 | €1,233 | €870 | €21,759 | €19,659 | €13,554 | ▼ 31.1% |
| Tangible fixed assets22/27 | €1,233 | €870 | €21,759 | €19,659 | €13,554 | ▼ 31.1% |
| Plant, machinery and equipment23 | €1,233 | €870 | €508 | €3,579 | €2,645 | ▼ 26.1% |
| Furniture and vehicles24 | - | - | €21,251 | €16,080 | €10,909 | ▼ 32.2% |
| Current assets29/58 | €190,814 | €213,399 | €278,920 | €289,142 | €335,477 | ▲ 16.0% |
| Stocks and contracts in progress3 | - | €8,650 | €8,425 | €8,600 | €3,500 | ▼ 59.3% |
| Stocks30/36 | - | €8,650 | €8,425 | €8,600 | €3,500 | ▼ 59.3% |
| Amounts receivable within one year40/41 | €31,680 | €31,181 | €43,190 | €35,025 | €17,428 | ▼ 50.2% |
| Trade receivables40 | €28,878 | €27,801 | €39,990 | €32,787 | €16,534 | ▼ 49.6% |
| Other amounts receivable41 | €2,802 | €3,380 | €3,200 | €2,238 | €895 | ▼ 60.0% |
| Current investments50/53 | - | - | - | €196,946 | - | - |
| Cash at bank and in hand54/58 | €157,283 | €171,616 | €225,189 | €46,372 | €313,487 | ▲ 576% |
| Deferred charges and accrued income490/1 | €1,851 | €1,952 | €2,117 | €2,199 | €1,061 | ▼ 51.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192,046 | €214,269 | €300,679 | €308,801 | €349,030 | ▲ 13.0% |
| Equity10/15 | €134,701 | €122,423 | €113,832 | €99,522 | €105,134 | ▲ 5.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €65,359 | €53,080 | €44,490 | €30,179 | €35,792 | ▲ 18.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €63,499 | €51,220 | €42,630 | €28,319 | €33,932 | ▲ 19.8% |
| Profit (loss) carried forward14 | €50,743 | €50,743 | €50,743 | €50,743 | €50,743 | = |
| Amounts payable17/49 | €57,345 | €91,846 | €186,847 | €209,279 | €243,896 | ▲ 16.5% |
| Amounts payable within one year42/48 | €57,345 | €90,141 | €186,847 | €209,279 | €218,896 | ▲ 4.6% |
| Trade debts44 | €3,637 | €6,172 | €5,481 | €148 | €2,512 | ▲ 1,593% |
| Suppliers440/4 | €3,637 | €6,172 | €5,481 | €148 | €2,512 | ▲ 1,593% |
| Taxes, remuneration and social security45 | €294 | €154 | €964 | €1,093 | €1,018 | ▼ 6.9% |
| Taxes450/3 | €294 | €154 | €964 | €1,093 | €1,018 | ▼ 6.9% |
| Other amounts payable47/48 | €53,414 | €83,815 | €180,401 | €208,037 | €215,366 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | €1,705 | - | - | €25,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,958 | €380 | €8,256 | €2,499 | €5,613 | ▲ 125% |
| + Depreciation and write-downs630 | €362 | €362 | €4,967 | €6,042 | €6,105 | ▲ 1.0% |
| Operating cash flow (approximation) | €2,320 | €742 | €13,223 | €8,540 | €11,718 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €0 | -€25,855 | -€3,941 | €0 | ▲ 100% |
| Change in cash | - | €14,334 | €53,573 | -€178,817 | €267,115 | ▲ 249% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €105,134 ▲5.6%
8 profitable years in a row build equity to €105,134.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €380 ▼80.6%
Net result drops to €380, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Glabbeek · 1 establishment unit since 2001
Ground area
2,518 m²
Building footprint
213 m²
Volume, LiDAR
1,019 m³
Parcel 24030B0029/00P000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grotestraat 5, 3380 Glabbeek
since 20012.116.426.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24030B0029/00P000 | Flanders | 2,518 m² | 1 · 213 m² | 7.0 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 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,222 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)
Founded20-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
62100Computer programming
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.