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Construct Plus Services

Active
Private limited companyfounded 2022active for 3 yearsBrugstraat 5/3A, 9880 Aalter, BelgiumKBO/BCE: BE 0794.818.790
Summary

The computed 12-month bankruptcy probability of Construct Plus Services is 2.0% (moderate). The annual accounts of Construct Plus Services for financial year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €23,226 and a net result of -€42,021. Its solvency ranks better than 18% of 11,502 sector peers (NACE 71, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of building architects
NACE 71111General construction of other non-residential buildings NACE 41003
1 site
Size
€139,806total assets 2024
Equity
€23,226
Loss
-€42,021
Turnover not published (micro format)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Accounts 72 days overdue0 of 2 deeds read
Why 52raises riskFigures for financial year 2024 (filed 17-10-2025)1 financial year not filed after the legal deadline; latest accounts 74 days late; 2 of the last 3 lateFounded in 2022lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 71, micro)
Financial strength · tick = 2023
Weak
Solvency 42-21
equity 16.6% of total assets
Liquidity 66-8
short-term debt 58.1% · cash 36.8%
Profitability 0-100
return on assets -30.1%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,790 companies, NACE 71, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.2%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.8%▲ +0.4 percentage points vs 09-2025 11-2025: 0.6%▼ -0.2 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 2.0%▲ +0.9 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.04, compared with 1.67 in 2023; short-term debt: 58.1% and cash: 36.8% of total assets), and 83.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 20% on solvency, 53% on liquidity, 4% on profitability and 8% on growth.

The bankruptcy probability was computed on 10-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 17-10-2025)
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 74 days late; 2 of the last 3 late
NBB · filings
raises risk · Founded in 2022
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 11502 sector peers (2024).
NBB · sector comparison
Position among 11502 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
74 days late
2023
47 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 61 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2024, micro format

Equity
€23,226▼ 64.4%
2023 · €65,247
Total assets
€139,806▼ 18.1%
2023 · €170,713
Net result
-€42,021
2023 · €64,247
Working capital
€3,007▼ 92.0%
2023 · €37,460
Trend over the years

2023 to 2024, 2 financial years

The operating result turns negative in 2024: a loss of €39,107 after €82,798 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€39,107 2024 Net result-€42,021 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20232024
Operating result€82,798--€39,107
Net result€64,247above the sector's middle half--€42,021below the sector's middle half
Equity€65,247within the sector's middle half-€23,226within the sector's middle half▼ 64.4%
Total assets€170,713within the sector's middle half-€139,806within the sector's middle half▼ 18.1%
Debt€105,466-€116,580▲ 10.5%
Working capital€37,460within the sector's middle half-€3,007below the sector's middle half▼ 92.0%
Solvency38.2%within the sector's middle half-16.6%below the sector's middle half▼ 21.6pp
Current ratio1.67within the sector's middle half-1.04below the sector's middle half▼ 0.63
Return on assets (ROA)37.6%above the sector's middle half--30.1%below the sector's middle half▼ 67.7pp
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139,806
Fixed assets €55,577 ▼ 27.8%
Current assets €84,229 ▼ 10.2%
Equity and liabilities €139,806
Equity €23,226 ▼ 64.4%
Debt €116,580 ▲ 10.5%
Debt's share of the balance-sheet total rises from 61.8% to 83.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€13,251▼
2023 · €102,163
Cash flow
-€16,165▼
2023 · €83,612
Debt to equity
5.02▲
2023 · 1.62
ROE
-180.9%▼
2023 · 98.5%
Interest coverage
-3.65▼
2023 · 50.65
Debt ≤ 1 year
€81,222▲
2023 · €56,307
Debt > 1 year
€35,358▼
2023 · €49,158
Income taxes
€132▼
2023 · €17,030
Staff costs
€10,418▼
2023 · €12,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.6% went bankrupt
4.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,207 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€170,713€139,806▼
Formation expenses20€0€0=
Fixed assets21/28€76,945€55,577▼
Tangible fixed assets22/27€76,945€55,577▼
Plant, machinery and equipment23€1,104€855▼
Furniture and vehicles24€75,841€54,722▼
Current assets29/58€93,768€84,229▼
Amounts receivable within one year40/41€37,387€28,861▼
Trade receivables40€18,404€28,483▲
Other amounts receivable41€18,983€378▼
Cash at bank and in hand54/58€52,909€51,490▼
Deferred charges and accrued income490/1€3,471€3,878▲
Equity and liabilities
Total equity and liabilities10/49€170,713€139,806▼
Equity10/15€65,247€23,226▼
Contributions10/11€1,000€1,000=
Reserves13€64,247€64,247=
Distributable reserves133€64,247€64,247=
Profit (loss) carried forward14--€42,021
Amounts payable17/49€105,466€116,580▲
Amounts payable after more than one year17€49,158€35,358▼
Financial debts170/4€49,158€35,358▼
Amounts payable within one year42/48€56,307€81,222▲
Current portion of amounts payable after more than one year42€13,185€13,800▲
Trade debts44€23,087€33,876▲
Suppliers440/4€23,087€33,876▲
Bills of exchange payable441-€0
Taxes, remuneration and social security45€19,910€25,535▲
Taxes450/3€17,246€23,400▲
Remuneration and social security454/9€2,664€2,136▼
Other amounts payable47/48€125€8,010▲
Income statement Code20232024
Remuneration, social security and pensions62€12,032€10,418▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,366€25,856▲
Other operating charges640/8€1,305€2,210▲
Gross operating margin9900€115,501-€624▼
Operating profit (loss)9901€82,798-€39,107▼
Financial income75/76B€496€853▲
Recurring financial income75€496€853▲
Financial charges65/66B€2,017€3,635▲
Recurring financial charges65€2,017€3,635▲
Profit (loss) for the period before taxes9903€81,276-€41,889▼
Income taxes67/77€17,030€132▼
Profit (loss) for the period9904€64,247-€42,021▼
Profit (loss) for the period to be appropriated9905€64,247-€42,021▼
Appropriation of the result
Profit (loss) to be appropriated9906€64,247-€42,021▼
Transfer to equity691/2€64,247-
To other reserves6921€64,247-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€12,032€10,418▼ 13.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,366€25,856▲ 33.5%
Other operating charges640/8€1,305€2,210▲ 69.3%
Gross operating margin9900€115,501-€624▼ 101%
Operating profit (loss)9901€82,798-€39,107▼ 147%
Financial income75/76B€496€853▲ 72.1%
Recurring financial income75€496€853▲ 72.1%
Financial charges65/66B€2,017€3,635▲ 80.2%
Recurring financial charges65€2,017€3,635▲ 80.2%
Profit (loss) for the period before taxes9903€81,276-€41,889▼ 152%
Income taxes67/77€17,030€132▼ 99.2%
Profit (loss) for the period9904€64,247-€42,021▼ 165%
Profit (loss) for the period to be appropriated9905€64,247-€42,021▼ 165%
Line20232024Change
Assets
Total assets20/58€170,713€139,806▼ 18.1%
Formation expenses20€0€0-
Fixed assets21/28€76,945€55,577▼ 27.8%
Tangible fixed assets22/27€76,945€55,577▼ 27.8%
Plant, machinery and equipment23€1,104€855▼ 22.6%
Furniture and vehicles24€75,841€54,722▼ 27.8%
Current assets29/58€93,768€84,229▼ 10.2%
Amounts receivable within one year40/41€37,387€28,861▼ 22.8%
Trade receivables40€18,404€28,483▲ 54.8%
Other amounts receivable41€18,983€378▼ 98.0%
Cash at bank and in hand54/58€52,909€51,490▼ 2.7%
Deferred charges and accrued income490/1€3,471€3,878▲ 11.7%
Equity and liabilities
Total equity and liabilities10/49€170,713€139,806▼ 18.1%
Equity10/15€65,247€23,226▼ 64.4%
Contributions10/11€1,000€1,000=
Reserves13€64,247€64,247=
Distributable reserves133€64,247€64,247=
Profit (loss) carried forward14--€42,021-
Amounts payable17/49€105,466€116,580▲ 10.5%
Amounts payable after more than one year17€49,158€35,358▼ 28.1%
Financial debts170/4€49,158€35,358▼ 28.1%
Amounts payable within one year42/48€56,307€81,222▲ 44.2%
Current portion of amounts payable after more than one year42€13,185€13,800▲ 4.7%
Trade debts44€23,087€33,876▲ 46.7%
Suppliers440/4€23,087€33,876▲ 46.7%
Bills of exchange payable441-€0-
Taxes, remuneration and social security45€19,910€25,535▲ 28.3%
Taxes450/3€17,246€23,400▲ 35.7%
Remuneration and social security454/9€2,664€2,136▼ 19.8%
Other amounts payable47/48€125€8,010▲ 6,293%
Line20232024Change
Profit (loss) for the period9904€64,247-€42,021▼ 165%
+ Depreciation and write-downs630€19,366€25,856▲ 33.5%
Operating cash flow (approximation)€83,612-€16,165▼ 119%
Investment in fixed assets (approximation)--€4,488-
Change in cash--€1,420-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Subsidies and aid

Flemish government

2023 to 2025 · 2 entries · €818 awarded · €903 paid
Year Entries AwardedPaid
2025 1 €135€135
2023 1 €683€768
Schemes
2 entries · €818 · €903 paid · Fonds voor Innoveren en Ondernemen

Public contracts: not fully processed yet. The notices from February 2024 to September 2026 are still being read.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

Construct Plus Services was incorporated on 15 December 2022 as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2024.2

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
13-10
NBB filing Annual accounts filed
financial year 2024 · micro format · 74 days late
2024
16-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 47 days late
NBB filing
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official 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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Register details

Identification
Legal formPrivate limited company
Founded15-12-2022
Financial year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
71111Activities of building architects
41001General construction of residential buildings
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794818790
Also 9925:BE0794818790
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 11 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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, with enterprise number 0794.818.790

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
2,752 m²
Building footprint
387 m²
Building volume
3,579 m³
2 parcels, Flanders · tallest building 15.8 m. Linked by address, not a title deed.
1 establishment unit
Construct Plus Services
Stationsstraat 220, 9880 AalterRepair, maintenance and installation of machinery and equipment
since 2022unit no. 2.339.686.718
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
44503H0479/00X003 Flanders 2,528 m² 1 · 222 m² 15.8 m · 4
44001B0725/00W000 Flanders 224 m² 1 · 165 m² 11.5 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.