CONSTRUCT SOLUTIONS
ActiveSummary
CONSTRUCT SOLUTIONS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59,557 and a net result of €4,986. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+5
Solvency74▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 2.08 in 2023; short-term debt: 50% and cash: 16.7% of total assets), but 50.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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 2024Solvency, return and age of the figures
Solvency
49.3%
Return on assets
4.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
40 d early
2022
38 d late
2021
44 d late
2020
16 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after 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 (1)
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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Financials · fiscal year 2024, micro schema
Turnover
€67,486
EBIT margin
-0.2%
Net result
€4,986▲ 1,188%
2023 · €387
Working capital
€45,223▲ 3.8%
2023 · €43,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Turnover
Operating result€8,476▼ 79.2%€4,974▼ 41.3%€1,174▼ 76.4%€597▼ 49.1%€8,260▲ 1,283%
Net result€7,051within the sector's middle half▼ 78.3%€4,535within the sector's middle half▼ 35.7%€305below the sector's middle half▼ 93.3%€387within the sector's middle half▲ 27.0%€4,986within the sector's middle half▲ 1,188%
EBIT margin
Equity€49,344within the sector's middle half▲ 16.7%€53,879within the sector's middle half▲ 9.2%€54,184within the sector's middle half▲ 0.6%€54,571within the sector's middle half▲ 0.7%€59,557within the sector's middle half▲ 9.1%
Total assets€94,383within the sector's middle half▲ 18.6%€97,572within the sector's middle half▲ 3.4%€74,109within the sector's middle half▼ 24.0%€94,971within the sector's middle half▲ 28.1%€120,900within the sector's middle half▲ 27.3%
Debt€45,038▲ 20.7%€43,693▼ 3.0%€19,925▼ 54.4%€40,400▲ 103%€61,343▲ 51.8%
Working capital€43,784▲ 18.5%€50,528▲ 15.4%€47,114▼ 6.8%€43,550▼ 7.6%€45,223▲ 3.8%
Solvency52.3%within the sector's middle half▼ 0.8pp55.2%within the sector's middle half▲ 2.9pp73.1%above the sector's middle half▲ 17.9pp57.5%within the sector's middle half▼ 15.7pp49.3%within the sector's middle half▼ 8.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,283% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120,900
Fixed assets
€15,275 ▲ 38.6%
Current assets
€105,625 ▲ 25.8%
Equity and liabilities €120,900
Equity
€59,557 ▲ 9.1%
Debt
€61,343 ▲ 51.8%
Debt's share of the balance-sheet total rises from 42.5% to 50.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,711▲
2023 · €3,936
Cash flow
€9,437▲
2023 · €3,726
Current ratio
1.75▼
2023 · 2.08
Quick ratio
1.32▼
2023 · 1.70
Debt to equity
1.03▲
2023 · 0.74
ROE
8.4%▲
2023 · 0.7%
ROA
4.1%▲
2023 · 0.4%
Interest coverage
16.97▲
2023 · 7.19
Debt ≤ 1 year
€60,402▲
2023 · €40,400
Income taxes
€2,700▲
2023 · €200
Staff costs
€3,587
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 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% | 1.6% |
| 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 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 5,047 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €247,630 | - |
| Remuneration, social security and pensions62 | - | €34,787 | €544 | - | €3,587 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,895 | €2,210 | €2,037 | €3,339 | €4,451 | ▲ 33.3% |
| Other operating charges640/8 | - | €149 | €298 | - | €696 | - |
| Non-recurring operating charges66A | - | - | - | - | €642 | - |
| Gross operating margin9900 | €53,739 | €42,120 | €4,053 | €3,936 | €17,636 | ▲ 348% |
| Operating profit (loss)9901 | €8,476 | €4,974 | €1,174 | €597 | €8,260 | ▲ 1,283% |
| Financial income75/76B | - | €147 | €450 | €537 | €175 | ▼ 67.3% |
| Recurring financial income75 | €0 | €147 | €450 | €537 | €175 | ▼ 67.3% |
| Non-recurring financial income76B | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €527 | €382 | €547 | €749 | ▲ 36.9% |
| Recurring financial charges65 | €364 | €527 | €382 | €547 | €749 | ▲ 36.9% |
| Profit (loss) for the period before taxes9903 | €8,112 | €4,595 | €1,242 | €587 | €7,686 | ▲ 1,209% |
| Income taxes67/77 | €1,061 | €60 | €938 | €200 | €2,700 | ▲ 1,250% |
| Profit (loss) for the period9904 | €7,051 | €4,535 | €305 | €387 | €4,986 | ▲ 1,188% |
| Profit (loss) for the period to be appropriated9905 | €7,051 | €4,535 | €305 | €387 | €4,986 | ▲ 1,188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,383 | €97,572 | €74,109 | €94,971 | €120,900 | ▲ 27.3% |
| Fixed assets21/28 | €5,561 | €3,351 | €7,070 | €11,021 | €15,275 | ▲ 38.6% |
| Tangible fixed assets22/27 | €5,501 | €3,291 | €7,010 | €11,021 | €15,275 | ▲ 38.6% |
| Plant, machinery and equipment23 | - | €3,291 | €7,010 | €4,385 | €8,582 | ▲ 95.7% |
| Furniture and vehicles24 | - | €0 | - | €6,635 | €6,693 | ▲ 0.9% |
| Financial fixed assets28 | €60 | €60 | €60 | - | - | - |
| Current assets29/58 | €88,822 | €94,221 | €67,039 | €83,950 | €105,625 | ▲ 25.8% |
| Stocks and contracts in progress3 | €12,093 | €26,032 | €17,258 | €15,464 | €25,727 | ▲ 66.4% |
| Stocks30/36 | - | €26,032 | €17,258 | €15,464 | €16,481 | ▲ 6.6% |
| Contracts in progress37 | - | - | - | - | €9,246 | - |
| Amounts receivable within one year40/41 | €70,413 | €67,838 | €45,281 | €67,264 | €54,107 | ▼ 19.6% |
| Trade receivables40 | - | €62,269 | €40,345 | €60,985 | €38,880 | ▼ 36.2% |
| Other amounts receivable41 | - | €5,569 | €4,935 | €6,280 | €15,227 | ▲ 142% |
| Cash at bank and in hand54/58 | €6,316 | €351 | €2,991 | €1,222 | €20,224 | ▲ 1,555% |
| Deferred charges and accrued income490/1 | - | - | €1,510 | €0 | €5,566 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,383 | €97,572 | €74,109 | €94,971 | €120,900 | ▲ 27.3% |
| Equity10/15 | €49,344 | €53,879 | €54,184 | €54,571 | €59,557 | ▲ 9.1% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €39,344 | €43,879 | €44,184 | €44,571 | €49,557 | ▲ 11.2% |
| Amounts payable17/49 | €45,038 | €43,693 | €19,925 | €40,400 | €61,343 | ▲ 51.8% |
| Amounts payable within one year42/48 | €45,038 | €43,693 | €19,925 | €40,400 | €60,402 | ▲ 49.5% |
| Trade debts44 | €31,732 | €31,335 | €17,654 | €21,227 | €35,289 | ▲ 66.2% |
| Suppliers440/4 | - | €31,335 | €17,654 | €21,227 | €35,289 | ▲ 66.2% |
| Taxes, remuneration and social security45 | - | €7,344 | - | €200 | €12,891 | ▲ 6,345% |
| Taxes450/3 | - | €67 | - | €200 | €2,491 | ▲ 1,145% |
| Remuneration and social security454/9 | - | €7,277 | - | - | €10,400 | - |
| Other amounts payable47/48 | - | €5,014 | €2,272 | €18,972 | €12,223 | ▼ 35.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €941 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,051 | €4,535 | €305 | €387 | €4,986 | ▲ 1,188% |
| + Depreciation and write-downs630 | €1,895 | €2,210 | €2,037 | €3,339 | €4,451 | ▲ 33.3% |
| Operating cash flow (approximation) | €8,946 | €6,744 | €2,342 | €3,726 | €9,437 | ▲ 153% |
| Investment in fixed assets (approximation) | - | €0 | -€5,756 | -€7,290 | -€8,705 | ▼ 19.4% |
| Change in cash | - | -€5,965 | €2,640 | -€1,769 | €19,003 | ▲ 1,174% |
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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €32,489
Net result €32,489 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Juprelle · 1 establishment unit since 2018
Ground area
856 m²
Building footprint
127 m²
Volume, LiDAR
1,047 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PRO Dépannage
since 20182.275.659.293
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62060A0720/00Z000 | Wallonia | 605 m² | 1 · 71 m² | 10.7 m · 3 fl. |
| 62064A0175/00Y011 | Wallonia | 251 m² | 1 · 56 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,685 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
Founded26-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695525236
Also
9925:BE0695525236
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.