CONSTRUCT S & D
ActiveThe computed 12-month bankruptcy probability of CONSTRUCT S & D is 1.8% (moderate). The 2025 annual accounts show negative equity (€-75k) and a net result of €-188k. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 8% of 7452 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-86
Solvency6▼-54
Growth46▼-13
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.06 against 1.35 in 2024; short-term debt: 41.5% and cash: 51.9% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-19.5%
Return on assets
-48.7%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-75k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
119 d late
2022
21 d late
2021
44 d late
2020
9 d late
2019
88 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€627k▲ 8.9%
2020 · €576k
2018: €449k
2019: €334k
2020: €576k
2018 → 2021
EBIT margin
3.1%▼ 0.7pp
2020 · 3.8%
2018: 14.6%
2019: 6.3%
2020: 3.8%
2018 → 2021
Net result
€-188k
2024 · €45k
2018: €64k
2019: €3k
2020: €15k
2021: €16k
2022: €47k
2023: €-8k
2024: €45k
2018 → 2025
Working capital
€170k▲ 152%
2024 · €67k
2018: €-34k
2019: €-41k
2020: €-61k
2021: €-28k
2022: €13k
2023: €17k
2024: €67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€627k-
Equity€29k-€76k▲ 165%€68k▼ 10.5%€113k▲ 66.8%€-75k
Operating result€19k-€77k▲ 299%€4k▼ 94.9%€77k▲ 1,827%€-177k
Net result€16k-€47k▲ 192%€-8k€45k€-188k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €177k after €77k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €387k
Fixed assets
€56k▼ 0.8%
Current assets
€331k▲ 26.0%
Key figures and ratios
EBITDA
€-151k▼
2024 · €101k
Cash flow
€-162k▼
2024 · €69k
Solvency
-19.5%▼
2024 · 35.4%
Current ratio
2.06▲
2024 · 1.35
Quick ratio
2.06▲
2024 · 1.35
Debt / equity
-6.13▼
2024 · 1.82
ROA
-48.7%▼
2024 · 14.2%
Interest coverage
-13.10▼
2024 · 11.30
Debt
€462k▲
2024 · €206k
Debt ≤ 1 year
€161k▼
2024 · €195k
Debt > 1 year
€22k▲
2024 · €11k
Income taxes
€563▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€319k€387k▲
Fixed assets21/28€57k€56k▼
Tangible fixed assets22/27€46k€55k▲
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€27k€43k▲
Other tangible fixed assets26€4k€2k▼
Financial fixed assets28€11k€1k▼
Current assets29/58€263k€331k▲
Amounts receivable within one year40/41€228k€127k▼
Trade receivables40€214k€106k▼
Other amounts receivable41€14k€21k▲
Cash at bank and in hand54/58€23k€201k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€319k€387k▲
Equity10/15€113k€-75k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€6k€6k=
Non-distributable reserves130/1€805€805=
Legal reserve130€805-
Reserves not available under the articles1311-€805
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€89k€-100k▼
Amounts payable17/49€206k€462k▲
Amounts payable after more than one year17€11k€22k▲
Financial debts170/4€11k€22k▲
Amounts payable within one year42/48€195k€161k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€32k€2k▼
Credit institutions430/8€32k€2k▼
Trade debts44€64k€89k▲
Suppliers440/4€64k€89k▲
Advances received on contracts in progress46€2k€16k▲
Taxes, remuneration and social security45€59k€25k▼
Taxes450/3€59k€25k▼
Other amounts payable47/48€26k€18k▼
Accrued charges and deferred income492/3-€280k
Income statement
Code20242025
Non-recurring operating income76A-€54k
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€26k▲
Other operating charges640/8€16k€9k▼
Non-recurring operating charges66A-€61k
Gross operating margin9900€119k€-81k▼
Operating profit (loss)9901€77k€-177k▼
Financial income75/76B€284€471▲
Recurring financial income75€284€471▲
Financial charges65/66B€9k€12k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€68k€-188k▼
Income taxes67/77€23k€563▼
Profit (loss) for the period9904€45k€-188k▼
Profit (loss) for the period to be appropriated9905€45k€-188k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€-100k▼
Profit (loss) brought forward from the previous period14P€43k€89k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-188k ▼516%
Net result drops to €-188k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
31-12
Financial
Equity above €100kEq €113k ▲66.8%
Equity rises from €68k to €113k.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
01-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 93 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Charleroi · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Chaumonceau 1936040 CharleroiGround area
1,093 m²
Building footprint
186 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
CONSTRUCT S & D
since 20122.205.553.831
Construct S & D
since 20232.343.663.619
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52363D0293/00Y091 | Wallonia | 577 m² | 1 · 56 m² | - |
| 92048E0676/00L000 | Wallonia | 516 m² | 1 · 129 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BOUWVELD
BE 0447.813.762
Lievegem · Eq €113k
CC CONSTRUCTION
BE 0800.947.311
Anderlecht · Eq €113k
RENOSTIEL
BE 0465.672.056
Oudenburg · Eq €113k
OUT OF THE BLUE PROJECT
BE 0503.949.147
Elsene · Eq €113k
COSALI
BE 0825.029.837
Charleroi · Eq €113k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 13,036 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2011
Fiscal year end31-12
Activities, NACEBEL
23630Manufacture of other non-metallic mineral products
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.