CONSTRUCT PLUS
ActiveSummary
CONSTRUCT PLUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€464,095) and a net result of €112,895. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+76
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.44 against 2.81 in 2024; short-term debt: 21.9% and cash: 0.4% of total assets), but equity is negative.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 7586 sector peers (2025).
NBB · sector comparisonPosition among 7586 sector peers
Solvency
better than 7%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
15 d early
2023
83 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
61 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 31 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€464,095▲ 19.6%
2024 · -€576,990
Total assets
€1.6m▲ 55.7%
2024 · €1.0m
Net result
€112,895
2024 · -€137,553
Working capital
€1.2m▲ 95.7%
2024 · €599,953
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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-€116,403€3,650€7,086▲ 94.2%-€137,308€113,366
Net result-€122,498below the sector's middle half€684within the sector's middle half€6,815within the sector's middle half▲ 896%-€137,553below the sector's middle half€112,895above the sector's middle half
Equity-€446,935below the sector's middle half▼ 37.8%-€446,251below the sector's middle half▲ 0.2%-€439,436below the sector's middle half▲ 1.5%-€576,990below the sector's middle half▼ 31.3%-€464,095below the sector's middle half▲ 19.6%
Total assets€1.3mabove the sector's middle half▲ 18.0%€1.0mabove the sector's middle half▼ 23.7%€975,350within the sector's middle half▼ 4.6%€1.0mabove the sector's middle half▲ 2.7%€1.6mabove the sector's middle half▲ 55.7%
Debt€1.8m▲ 22.4%€1.5m▼ 17.8%€1.4m▼ 3.7%€1.6m▲ 11.6%€2.0m▲ 28.2%
Working capital€586,147above the sector's middle half▼ 10.6%€598,241above the sector's middle half▲ 2.1%€568,588above the sector's middle half▼ 5.0%€599,953above the sector's middle half▲ 5.5%€1.2mabove the sector's middle half▲ 95.7%
Solvency-33.3%below the sector's middle half▼ 4.8pp-43.6%below the sector's middle half▼ 10.3pp-45.1%below the sector's middle half▼ 1.4pp-57.6%below the sector's middle half▼ 12.5pp-29.8%below the sector's middle half▲ 27.8pp
Current ratio1.85within the sector's middle half▼ 0.542.57within the sector's middle half▲ 0.722.74within the sector's middle half▲ 0.172.81within the sector's middle half▲ 0.074.44above the sector's middle half▲ 1.63
Return on assets (ROA)-9.1%below the sector's middle half▼ 11.3pp0.1%below the sector's middle half▲ 9.2pp0.7%within the sector's middle half▲ 0.6pp-13.7%below the sector's middle half▼ 14.4pp7.2%within the sector's middle half▲ 21.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €113,366 after a loss of €137,308 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€43,961 ▼ 37.4%
Current assets
€1.5m ▲ 62.7%
Key figures and ratios
EBITDA
€139,604▲
2024 · -€111,806
Cash flow
€139,133▲
2024 · -€112,051
Quick ratio
0.05▼
2024 · 0.13
Debt to equity
-4.36▼
2024 · -2.74
Interest coverage
461.50▲
2024 · -1551.57
Debt ≤ 1 year
€341,624▲
2024 · €331,566
Debt > 1 year
€1.7m▲
2024 · €1.2m
Income taxes
€176▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 268 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
93%
still going
A further 1.9% 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 497,662 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% | 1.7% |
| 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 75% 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 268 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,806 | €13,758 | €17,164 | €25,502 | €26,238 | ▲ 2.9% |
| Other operating charges640/8 | €714 | €1,036 | €428 | €1,553 | €1,841 | ▲ 18.6% |
| Gross operating margin9900 | -€101,883 | €18,444 | €24,678 | -€110,254 | €141,445 | ▲ 228% |
| Operating profit (loss)9901 | -€116,403 | €3,650 | €7,086 | -€137,308 | €113,366 | ▲ 183% |
| Financial income75/76B | €0 | €2,203 | €81 | €1 | €7 | ▲ 434% |
| Recurring financial income75 | €0 | €2,203 | €81 | €1 | €7 | ▲ 434% |
| Financial charges65/66B | €6,095 | €5,168 | €300 | €72 | €303 | ▲ 320% |
| Recurring financial charges65 | €6,095 | €5,168 | €300 | €72 | €303 | ▲ 320% |
| Profit (loss) for the period before taxes9903 | -€122,498 | €684 | €6,867 | -€137,379 | €113,071 | ▲ 182% |
| Income taxes67/77 | - | - | €52 | €174 | €176 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€122,498 | €684 | €6,815 | -€137,553 | €112,895 | ▲ 182% |
| Profit (loss) for the period to be appropriated9905 | -€122,498 | €684 | €6,815 | -€137,553 | €112,895 | ▲ 182% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.0m | €975,350 | €1.0m | €1.6m | ▲ 55.7% |
| Fixed assets21/28 | €63,059 | €42,650 | €79,118 | €70,199 | €43,961 | ▼ 37.4% |
| Tangible fixed assets22/27 | €55,298 | €41,540 | €78,008 | €67,789 | €41,551 | ▼ 38.7% |
| Plant, machinery and equipment23 | €4,497 | €2,809 | €2,656 | €4,789 | €3,408 | ▼ 28.8% |
| Furniture and vehicles24 | €50,801 | €38,731 | €75,352 | €63,000 | €38,143 | ▼ 39.5% |
| Financial fixed assets28 | €7,761 | €1,110 | €1,110 | €2,410 | €2,410 | = |
| Current assets29/58 | €1.3m | €979,702 | €896,232 | €931,520 | €1.5m | ▲ 62.7% |
| Stocks and contracts in progress3 | €1.2m | €636,318 | €523,000 | €888,826 | €1.5m | ▲ 68.8% |
| Stocks30/36 | €100,000 | €100,000 | €100,000 | €0 | - | - |
| Contracts in progress37 | €1.1m | €536,318 | €423,000 | €888,826 | €1.5m | ▲ 68.8% |
| Amounts receivable within one year40/41 | €94,430 | €181,151 | €104,625 | €30,858 | €10,177 | ▼ 67.0% |
| Trade receivables40 | €94,209 | €77,420 | €75,000 | €0 | - | - |
| Other amounts receivable41 | €221 | €103,731 | €29,625 | €30,858 | €10,177 | ▼ 67.0% |
| Cash at bank and in hand54/58 | €25,743 | €160,769 | €268,607 | €11,836 | €5,532 | ▼ 53.3% |
| Deferred charges and accrued income490/1 | €7,476 | €1,465 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.0m | €975,350 | €1.0m | €1.6m | ▲ 55.7% |
| Equity10/15 | -€446,935 | -€446,251 | -€439,436 | -€576,990 | -€464,095 | ▲ 19.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€459,335 | -€458,651 | -€451,836 | -€589,390 | -€476,495 | ▲ 19.2% |
| Amounts payable17/49 | €1.8m | €1.5m | €1.4m | €1.6m | €2.0m | ▲ 28.2% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.1m | €1.2m | €1.7m | ▲ 34.9% |
| Financial debts170/4 | €987,142 | €987,142 | €987,142 | €987,142 | €987,142 | = |
| Other amounts payable178/9 | €109,000 | €100,000 | €100,000 | €260,000 | €695,000 | ▲ 167% |
| Amounts payable within one year42/48 | €691,502 | €381,461 | €327,644 | €331,566 | €341,624 | ▲ 3.0% |
| Financial debts43 | €309,686 | - | - | - | - | - |
| Credit institutions430/8 | €309,686 | - | - | - | - | - |
| Trade debts44 | €94,202 | €2,585 | €1,785 | €10,317 | €24,884 | ▲ 141% |
| Suppliers440/4 | €94,202 | €2,585 | €1,785 | €10,317 | €24,884 | ▲ 141% |
| Advances received on contracts in progress46 | €161,682 | €161,682 | €161,682 | €161,682 | €161,682 | = |
| Taxes, remuneration and social security45 | - | €43,165 | €52 | €174 | €176 | ▲ 1.0% |
| Taxes450/3 | - | €43,165 | €52 | €174 | €176 | ▲ 1.0% |
| Other amounts payable47/48 | €125,932 | €174,029 | €164,125 | €159,393 | €154,881 | ▼ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€122,498 | €684 | €6,815 | -€137,553 | €112,895 | ▲ 182% |
| + Depreciation and write-downs630 | €13,806 | €13,758 | €17,164 | €25,502 | €26,238 | ▲ 2.9% |
| Operating cash flow (approximation) | -€108,692 | €14,443 | €23,979 | -€112,051 | €139,133 | ▲ 224% |
| Investment in fixed assets (approximation) | - | €6,651 | -€53,632 | -€16,583 | €0 | ▲ 100% |
| Change in cash | - | €135,026 | €107,838 | -€256,771 | -€6,303 | ▲ 97.5% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €112,895
Net result €112,895 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €684
Net result €684 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €24,030
Net result €24,030 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2006
Ground area
1,415 m²
Building footprint
270 m²
Volume, LiDAR
1,523 m³
Parcel 23002F0302/00L000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Construct Plus
since 20062.158.230.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0302/00L000 | Flanders | 1,414 m² | 1 · 270 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884893584
Also
9925:BE0884893584
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.