CONSTRUCT TIME
Judicial reorganisationThe file of CONSTRUCT TIME contains 2 judicial reorganisations, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €849k and a net result of €19k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 829 sector peers (fiscal year 2025).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. An ongoing judicial reorganisation from the Belgian State Gazette caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency89▼-2
Growth78=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 2.44 against 2.52 in 2024; short-term debt: 35.7% and cash: 3.9% of total assets), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
74 d late
2023
30 d late
2022
30 d late
2021
4 d late
2020
180 d early
2019
91 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▼ 50.2%
2024 · €38k
2018: €4k
2019: €-795k
2020: €894k
2021: €59k
2022: €110k
2023: €117k
2024: €38k
2018 → 2025
Working capital
€681k▲ 4.0%
2024 · €654k
2018: €265k
2019: €210k
2020: €529k
2021: €550k
2022: €614k
2023: €602k
2024: €654k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€559k-€669k▲ 19.6%€788k▲ 17.9%€827k▲ 4.9%€849k▲ 2.7%
Operating result€94k-€139k▲ 47.9%€182k▲ 30.7%€50k▼ 72.2%€20k▼ 60.8%
Net result€59k-€110k▲ 86.7%€117k▲ 6.9%€38k▼ 67.2%€19k▼ 50.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€168k▼ 3.5%
Current assets
€1.15M▲ 6.3%
Equity and liabilities €1.32M
Equity
€849k▲ 2.7%
Debt
€472k▲ 9.3%
The debt ratio rises from 34.3% to 35.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86k▼
2024 · €122k
Cash flow
€85k▼
2024 · €110k
Solvency
64.3%▼
2024 · 65.7%
Current ratio
2.44▼
2024 · 2.52
Quick ratio
2.00▼
2024 · 2.45
Debt / equity
0.56▲
2024 · 0.52
ROE
2.3%▼
2024 · 4.7%
ROA
1.5%▼
2024 · 3.1%
Interest coverage
31.08▲
2024 · 22.50
Debt
€472k▲
2024 · €432k
Debt ≤ 1 year
€472k▲
2024 · €430k
Staff costs
€479k▼
2024 · €598k
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€1.26M€1.32M▲
Fixed assets21/28€174k€168k▼
Tangible fixed assets22/27€174k€168k▼
Plant, machinery and equipment23€93k€76k▼
Furniture and vehicles24€81k€92k▲
Financial fixed assets28€95€95=
Current assets29/58€1.08M€1.15M▲
Stocks and contracts in progress3€30k€208k▲
Stocks30/36€30k€208k▲
Amounts receivable within one year40/41€938k€886k▼
Trade receivables40€137k€199k▲
Other amounts receivable41€801k€687k▼
Cash at bank and in hand54/58€116k€51k▼
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.32M▲
Equity10/15€827k€849k▲
Contributions10/11€111k€111k=
Capital10€111k€111k=
Issued capital100€111k€111k=
Reserves13€54k€54k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€662k€684k▲
Amounts payable17/49€432k€472k▲
Amounts payable within one year42/48€430k€472k▲
Financial debts43-€68k
Credit institutions430/8-€68k
Trade debts44€263k€245k▼
Suppliers440/4€263k€245k▼
Taxes, remuneration and social security45€48k€26k▼
Taxes450/3€854-
Remuneration and social security454/9€47k€26k▼
Other amounts payable47/48€118k€132k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A-€21k
Remuneration, social security and pensions62€598k€479k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€66k▼
Other operating charges640/8€57k€34k▼
Gross operating margin9900€777k€599k▼
Operating profit (loss)9901€50k€20k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Non-recurring financial income76B€620-
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€3k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€48k€19k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€38k€19k▼
Profit (loss) for the period to be appropriated9905€38k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€662k€684k▲
Profit (loss) brought forward from the previous period14P€623k€665k▲
Social balance
Average headcount (FTE)908716.315.2▼
The notes to these accounts (9 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 74 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €894k
Net result €894k after one loss-making year.
31-12
Financial
Equity above €500kEq €500k
Equity rises from €-394k to €500k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
02-04
Judicial reorganisation
Extension
Tribunal de l’entreprise du Brabant wallon · collectif · event 30-03-2020
20-01
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 13-01-2020
2019
31-12
Financial
Weakest financial yearnet €-795k ▼21871%
Net result drops to €-795k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Nivelles · 1 establishment unit since 1993
Ground area
8,020 m²
Building footprint
1,507 m²
Parcel 25099D0047/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CONSTRUCT TIME
since 19932.061.232.875
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0047/00D000 | Wallonia | 8,020 m² | 1 · 1,507 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
24 categoriesCONSTRUCT TIME SA23817
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 7,105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-01-1993
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.