Equity
CONSTRUCT TIME has made a profit without a break since 2020.
CONSTRUCT TIME has made a profit without a break since 2020.
Between 2006 and 2025, 73% of the full-time equivalents disappeared.
Eight of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
The dashed line is the sector median: 0.4% across 910 companies (NACE 41, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 41, small). It does better than 84% of them on solvency, 46% on liquidity, 63% on profitability and 49% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as CONSTRUCT TIME has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONSTRUCT TIME itself is higher: 2.0% within 12 months. It rests on far more data about CONSTRUCT TIME than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for CONSTRUCT TIME. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.44 (2.52 in 2024), above the usual 1.5. Short-term debt is 35.7% and cash 3.9% of total assets. 35.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| CONSTRUCT TIME Nivelles | €1.3m | €599,157 | 64.3% | 15.2 |
| PREVOT CONSTRUCTIONS Perwez | €1.3m | €505,249 | -7.0% | 11.1 |
| TRAGECO BAT Waimes | €1.2m | €671,838 | 46.6% | 13.4 |
| Bouwonderneming Lemahieu Heuvelland | €1.0m | €721,384 | 16.7% | 18.1 |
| Guy et Dimitri FRANCOIS & fils Péruwelz | €1.1m | €868,637 | 49.4% | 14.4 |
| DE CORDIER BOUWONDERNEMING Wortegem-Petegem | €1.4m | €784,200 | 73.2% | 11.2 |
| ABC - DOMOTICA Projects Schoten | €1.5m | €891,134 | 44.5% | 13.4 |
These companies have the same main activity as CONSTRUCT TIME: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1m and €1.5m, founded between 1984 and 1998.
CONSTRUCT TIME has existed since 1993. The gross margin fell from €1.3m in 2020 to €410,731 in 2021.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €1.0m and €1.9m.
Higher than 80% of 1,033 companies in 2025.
Higher than 73% of 1,013 companies in 2025.
Higher than 44% of 1,028 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
Total assets20/58 |
1.3m | 1.3m | 1.3m | 1.4m | 1.1m | 1.2m | 1.1m | 854,454 | 1.3m | 959,799 | 1.0m | 873,001 | 1.3m | 3.6m | 4.0m | 4.2m | 4.6m | 4.4m | 4.7m | 4.2m | |
Fixed assets21/28 |
168,070 | 174,128 | 185,805 | 95,311 | 92,834 | 74,153 | 95 | 135,974 | 255,005 | 255,005 | 323,494 | 367,218 | - | 2.4m | 630,718 | 810,635 | 1.0m | 1.3m | 1.3m | 1.2m | |
Tangible fixed assets22/27 |
167,975 | 174,033 | 185,710 | 95,216 | 92,739 | 74,058 | - | 135,879 | 254,910 | 254,910 | 323,399 | 367,123 | 492,600 | 2.4m | 630,623 | 810,540 | 1.0m | 1.3m | 1.3m | 1.2m | |
Land and buildings22 |
- | - | - | - | - | - | - | - | - | - | - | - | 359,520 | 2.3m | 443,003 | 484,745 | 526,487 | 568,228 | 609,970 | 651,712 | |
Plant, machinery and equipment23 |
75,894 | 92,549 | 61,944 | 35,515 | 46,338 | 14,850 | - | - | - | - | 4,360 | 8,720 | 13,080 | 17,440 | 18,000 | 78,312 | 155,263 | 235,240 | 197,726 | 72,934 | |
Furniture and vehicles24 |
92,082 | 81,484 | 123,766 | 59,701 | 46,401 | 59,208 | - | - | - | - | 4,613 | 9,227 | - | - | 9,620 | 67,484 | 140,673 | 246,236 | 293,391 | 253,097 | |
Other tangible fixed assets26 |
- | - | - | - | - | - | - | - | - | - | - | - | 120,000 | 140,000 | 160,000 | 180,000 | 200,000 | 220,000 | 240,000 | 260,000 | |
Assets under construction and advance payments27 |
- | - | - | - | - | - | - | 115,879 | 194,910 | 194,910 | 234,425 | 249,177 | - | - | - | - | - | - | - | - | |
Financial fixed assets28 |
95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 25 | 25 | 25 | |
Other financial fixed assets284/8 |
- | - | - | - | - | - | - | - | - | - | - | 95 | 95 | 95 | 95 | 95 | 95 | 25 | 25 | 25 | |
Amounts receivable and cash guarantees285/8 |
- | - | - | - | - | - | - | - | - | - | - | 95 | 95 | 95 | 95 | 95 | 95 | 25 | 25 | 25 | |
Current assets29/58 |
1.2m | 1.1m | 1.1m | 1.3m | 1.0m | 1.2m | 1.1m | 718,481 | 1.1m | 704,795 | 713,643 | 505,783 | 827,948 | 1.2m | 3.3m | 3.3m | 3.6m | 3.1m | 3.4m | 3.0m | |
Stocks and contracts in progress3 |
208,412 | 30,000 | 320,000 | 410,000 | 390,000 | 340,000 | 392,000 | - | - | - | - | - | - | - | 1.6m | 1.6m | 1.8m | 1.6m | 1.6m | 680,000 | |
Stocks30/36 |
208,412 | 30,000 | 320,000 | 410,000 | 390,000 | 340,000 | 392,000 | - | - | - | - | - | - | - | 1.6m | 1.6m | 1.8m | 1.6m | 1.6m | 680,000 | |
Goods purchased for resale34 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.6m | 1.6m | 1.8m | 1.6m | 1.6m | 600,000 | |
Property held for sale35 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 80,000 | |
Amounts receivable within one year40/41 |
885,835 | 938,302 | 609,019 | 708,397 | 534,338 | 568,259 | 516,343 | 548,285 | 1.1m | 690,637 | 642,106 | 401,068 | 471,941 | 921,012 | 1.5m | 1.7m | 1.7m | 1.4m | 1.8m | 2.0m | |
Trade receivables40 |
198,898 | 136,924 | 523,234 | 611,925 | 469,945 | 469,188 | 376,351 | 494,642 | 1.0m | 448,197 | 611,774 | 346,337 | 347,929 | 580,222 | 1.5m | 1.6m | 1.6m | 1.4m | 1.7m | 1.9m | |
Other amounts receivable41 |
686,936 | 801,378 | 85,785 | 96,472 | 64,393 | 99,070 | 139,992 | 53,643 | 47,220 | 242,440 | 30,331 | 54,731 | 124,012 | 340,790 | 81,077 | 97,609 | 107,542 | 60,429 | 46,535 | 73,625 | |
Cash at bank and in hand54/58 |
51,423 | 115,767 | 202,076 | 186,510 | 78,219 | 252,618 | 171,837 | 170,196 | 14,158 | 14,158 | 71,537 | 98,328 | 356,007 | 268,055 | 154,077 | 134,220 | 34,720 | 108,953 | 11,399 | 334,682 | |
Deferred charges and accrued income490/1 |
6,635 | - | - | - | - | - | - | - | - | - | - | 6,388 | - | - | 100,000 | - | 12,453 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
Total equity and liabilities10/49 |
1.3m | 1.3m | 1.3m | 1.4m | 1.1m | 1.2m | 1.1m | 854,454 | 1.3m | 959,799 | 1.0m | 873,001 | 1.3m | 3.6m | 4.0m | 4.2m | 4.6m | 4.4m | 4.7m | 4.2m | |
Equity10/15 |
848,585 | 826,570 | 788,089 | 668,707 | 558,910 | 500,110 | -393,869 | 401,402 | 387,378 | 387,378 | 387,256 | 330,704 | 253,417 | 703,764 | 652,246 | 637,128 | 609,615 | 576,555 | 551,368 | 524,067 | |
Contributions10/11 |
111,073 | 111,073 | 111,073 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | - | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | |
Capital10 |
111,073 | 111,073 | 111,073 | 109,094 | 109,094 | - | - | - | - | - | - | - | 111,073 | - | - | - | - | - | - | - | |
Issued capital100 |
111,073 | 111,073 | 111,073 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 109,094 | 111,073 | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | 274,933 | |
Reserves13 |
53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 53,829 | 30,056 | 30,057 | 74,397 | 74,397 | 74,397 | 74,397 | 74,397 | 74,397 | 74,397 | |
Non-distributable reserves130/1 |
6,259 | 6,259 | 6,259 | 6,259 | 6,259 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,259 | 6,260 | 15,493 | 15,493 | 15,493 | 15,493 | 15,493 | 15,493 | 15,493 | |
Tax-exempt reserves132 |
23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 23,797 | 58,904 | 58,904 | 58,904 | 58,904 | 58,904 | 21,404 | 21,404 | |
Distributable reserves133 |
23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | 23,773 | - | - | - | - | - | - | - | 37,500 | 37,500 | |
Profit (loss) carried forward14 |
683,683 | 661,668 | 623,187 | 505,783 | 395,986 | 337,187 | -556,793 | 238,478 | 224,455 | 224,455 | 224,332 | 191,553 | 112,287 | 354,434 | 302,915 | 287,798 | 260,285 | 227,224 | 202,037 | 174,737 | |
Provisions and deferred taxes16 |
- | - | - | 40,966 | 83,765 | 102,913 | 603,919 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Provisions for liabilities and charges160/5 |
- | - | - | 40,966 | 83,765 | 102,913 | 603,919 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Major repairs and maintenance162 |
- | - | - | 40,966 | 83,765 | 102,913 | 603,919 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts payable17/49 |
471,789 | 431,627 | 528,811 | 690,545 | 452,717 | 632,007 | 870,225 | 453,052 | 937,201 | 572,421 | 649,880 | 542,298 | 1.1m | 2.9m | 3.3m | 3.5m | 4.0m | 3.8m | 4.1m | 3.7m | |
Amounts payable after more than one year17 |
- | - | - | - | - | - | - | - | 26,000 | 26,000 | 46,000 | 71,734 | 125,858 | 1.4m | 1.6m | 1.6m | 1.7m | 1.3m | 1.3m | 1.1m | |
Financial debts170/4 |
- | - | - | - | - | - | - | - | 26,000 | 26,000 | 46,000 | 71,734 | 125,858 | 1.4m | 1.6m | 1.6m | 1.7m | 1.3m | 1.3m | 1.1m | |
Leasing and similar obligations172 |
- | - | - | - | - | - | - | - | - | - | - | 66,000 | 86,000 | 106,000 | 128,500 | 151,000 | 173,500 | 196,000 | - | - | |
Credit institutions173 |
- | - | - | - | - | - | - | - | - | - | - | 5,734 | 39,858 | 1.2m | 1.4m | 1.5m | 1.5m | 1.1m | 1.3m | 1.1m | |
Other loans174 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,283 | 27,076 | 43,895 | 59,789 | - | - | |
Amounts payable within one year42/48 |
471,789 | 429,634 | 528,811 | 690,545 | 452,717 | 632,007 | 870,225 | 453,052 | 911,201 | 546,421 | 589,384 | 467,683 | 938,432 | 1.2m | 1.8m | 1.9m | 2.2m | 2.4m | 2.8m | 2.5m | |
Current portion of amounts payable after more than one year42 |
- | - | - | - | - | - | - | 6,000 | 20,000 | 20,000 | 25,734 | 53,869 | 302,559 | 306,177 | 323,690 | 95,007 | 142,132 | 437,426 | 446,948 | 162,557 | |
Financial debts43 |
68,376 | - | 6,918 | 93,817 | 23,260 | 6,481 | 17,713 | - | - | 53,628 | 16,382 | 43,163 | 27,539 | 108,001 | 58,827 | 351,319 | 447,740 | 14,697 | 158,885 | 244,128 | |
Credit institutions430/8 |
68,376 | - | 6,918 | 93,817 | 23,260 | 6,481 | 17,713 | - | - | 53,628 | 16,382 | 43,163 | 27,539 | 108,001 | 58,827 | 351,319 | 447,740 | 14,697 | 158,885 | 244,128 | |
Trade debts44 |
244,900 | 263,489 | 172,274 | 372,939 | 252,007 | 330,599 | 474,477 | 264,700 | 440,028 | 384,308 | 171,827 | 177,936 | 343,938 | 428,832 | 706,283 | 758,589 | 1.1m | 1.3m | 1.9m | 1.5m | |
Suppliers440/4 |
244,900 | 263,489 | 172,274 | 372,939 | 252,007 | 330,599 | 474,477 | 264,700 | 440,028 | 384,308 | 171,827 | 177,936 | 343,938 | 428,832 | 706,283 | 758,589 | 1.1m | 1.3m | 1.9m | 1.5m | |
Taxes, remuneration and social security45 |
26,168 | 47,695 | 54,994 | 25,777 | 22,606 | 42,369 | 91,419 | 54,108 | 39,399 | 39,399 | 55,383 | 86,405 | 63,226 | 70,587 | 100,559 | 72,303 | 87,903 | 182,513 | 270,854 | 180,369 | |
Taxes450/3 |
- | 854 | - | 2,782 | - | - | 3,350 | 5,303 | - | - | 6 | 9,546 | - | - | 5,593 | 452 | 877 | 18,557 | 32,469 | 43,789 | |
Remuneration and social security454/9 |
26,168 | 46,841 | 54,994 | 22,995 | 22,606 | 42,369 | 88,069 | 48,805 | 39,399 | 39,399 | 55,377 | 76,859 | 63,226 | 70,587 | 94,966 | 71,851 | 87,025 | 163,956 | 238,386 | 136,579 | |
Other amounts payable47/48 |
132,346 | 118,450 | 294,624 | 198,012 | 154,844 | 252,557 | 286,616 | 128,245 | 411,774 | 49,085 | 320,058 | 106,310 | 201,170 | 243,329 | 568,507 | 590,999 | 423,632 | 518,280 | 101,954 | 453,019 | |
Accrued charges and deferred income492/3 |
- | 1,992 | - | - | - | - | - | - | - | - | 14,497 | 2,880 | 2,936 | 425,036 | - | 11,824 | 4,220 | 4,224 | 4,017 | - | |
| Income statement | |||||||||||||||||||||
Operating income70/76A |
- | - | - | - | - | - | - | - | - | - | - | 2.1m | - | 2.3m | 2.4m | 2.4m | 3.4m | 4.1m | 4.3m | 5.9m | |
Turnover70 |
- | - | - | - | - | - | - | - | - | - | - | 2.1m | 2.7m | 2.1m | 2.3m | 2.3m | 3.4m | 4.0m | 4.2m | 5.9m | |
Other operating income74 |
- | - | - | - | - | - | - | - | - | - | - | - | 219,337 | - | - | - | - | - | - | - | |
Non-recurring operating income76A |
21,179 | - | - | - | - | 936,272 | - | - | - | - | - | 107,715 | - | 2,066 | 7,750 | 248 | 200 | 165 | 100 | 224 | |
Gross operating margin9900 |
599,157 | 776,723 | 907,244 | 561,635 | 410,731 | 1.3m | 643,873 | 682,992 | 744,664 | 744,664 | 729,400 | - | - | - | - | - | - | - | - | - | |
Operating charges60/66A |
- | - | - | - | - | - | - | - | - | - | - | 2.1m | - | 2.2m | 2.3m | 2.2m | 3.3m | 3.9m | 4.1m | 5.9m | |
Goods for resale, raw materials and consumables60 |
- | - | - | - | - | - | - | - | - | - | - | 920,479 | 861,459 | 721,902 | 803,871 | 801,851 | 1.2m | 1.8m | 1.9m | 3.3m | |
Purchases600/8 |
- | - | - | - | - | - | - | - | - | - | - | 920,479 | 861,459 | 721,902 | 803,871 | 783,704 | 1.5m | 1.8m | 996,776 | 4.0m | |
Change in stocks: decrease (increase)609 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,147 | -274,153 | -5,000 | 885,000 | -680,000 | |
Services and other goods61 |
- | - | - | - | - | - | - | - | - | - | - | 494,063 | 452,221 | 600,616 | 628,511 | 436,998 | 573,542 | 717,269 | 680,178 | 771,388 | |
Remuneration, social security and pensions62 |
479,157 | 597,803 | 607,992 | 370,690 | 270,889 | 328,188 | 591,797 | 564,666 | 584,912 | 584,912 | 539,747 | 603,708 | 661,876 | 646,380 | 697,772 | 694,762 | 936,631 | 1.1m | 1.3m | 1.5m | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
66,078 | 71,194 | 43,390 | 26,072 | 18,936 | 6,479 | 59,516 | 59,516 | 68,489 | 68,489 | 68,489 | 67,032 | 108,040 | 149,649 | 165,258 | 216,971 | 247,281 | 278,185 | 279,344 | 222,887 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | - | - | - | - | 65,032 | - | - | - | - | - | 665,003 | - | - | 64,617 | 261,426 | - | - | - | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
- | - | 45,220 | - | - | - | 603,919 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other operating charges640/8 |
34,146 | 57,284 | 28,918 | 25,837 | 26,891 | 26,172 | 31,040 | 42,779 | 61,945 | 61,945 | 18,349 | 48,437 | 43,216 | 38,041 | 35,188 | 4,392 | 10,860 | 14,823 | 20,021 | 19,281 | |
Non-recurring operating charges66A |
- | - | - | - | - | 75,720 | 76,363 | - | - | - | 21,860 | - | - | - | 5,509 | 27,151 | - | 5,042 | 3,291 | - | |
Operating profit (loss)9901 |
19,776 | 50,441 | 181,724 | 139,037 | 94,015 | 896,064 | -783,795 | 16,032 | 29,318 | 29,318 | 102,815 | -9,870 | 111,906 | 159,278 | 116,658 | 142,556 | 132,960 | 136,614 | 139,941 | 70,621 | |
Financial income75/76B |
5,606 | 3,447 | 35 | 7,384 | 2,799 | 2,431 | 3,573 | 17,880 | 2,618 | 2,618 | 19 | 576 | - | 3,135 | 4,471 | 5,627 | 6,601 | 13,856 | 977 | 6,991 | |
Recurring financial income75 |
5,606 | 2,827 | 35 | 7,384 | 2,799 | 2,431 | 3,573 | 17,880 | 2,618 | 2,618 | 19 | 576 | 439 | 3,135 | 4,471 | 5,627 | 6,601 | 13,856 | 977 | 6,991 | |
Income from financial fixed assets750 |
- | - | - | - | - | - | - | - | - | - | - | 486 | 153 | 46 | 2,441 | 5,627 | - | - | - | - | |
Other financial income752/9 |
- | - | - | - | - | - | - | - | - | - | - | 90 | 286 | 3,089 | 2,031 | - | 6,601 | 13,856 | 977 | 6,991 | |
Non-recurring financial income76B |
- | 620 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Financial charges65/66B |
6,213 | 5,407 | 3,919 | 9,694 | 4,566 | 4,515 | 3,434 | 6,764 | 12,092 | 12,092 | 21,709 | 17,823 | - | 88,101 | 66,049 | 84,768 | 106,625 | 120,375 | 101,699 | 51,540 | |
Recurring financial charges65 |
2,762 | 5,407 | 3,494 | 7,401 | 3,122 | 3,581 | 3,434 | 6,764 | 12,092 | 12,092 | 21,709 | 17,823 | 68,282 | 88,101 | 66,049 | 84,768 | 106,625 | 120,375 | 101,699 | 51,540 | |
Debt charges650 |
- | - | - | - | - | - | - | - | - | - | - | 17,823 | 34,737 | 37,520 | 20,628 | 84,768 | 106,625 | 120,375 | 101,699 | 35,172 | |
Other financial charges652/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 50,581 | 45,421 | - | - | - | - | 16,368 | |
Non-recurring financial charges66B |
3,451 | - | 425 | 2,293 | 1,444 | 934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
19,169 | 48,481 | 177,841 | 136,727 | 92,248 | 893,980 | -783,655 | 27,148 | 19,843 | 19,843 | 59,265 | 80,598 | 47,819 | 76,379 | 57,321 | 36,513 | 33,136 | 25,219 | 36,029 | 26,296 | |
Income taxes67/77 |
- | 10,000 | 60,438 | 26,930 | 33,448 | - | 11,616 | 23,496 | 19,721 | 19,721 | 26,485 | 1,332 | 17,084 | 24,861 | 42,203 | 9,001 | 75 | 32 | 8,729 | 21,419 | |
Taxes670/3 |
- | - | - | - | - | - | - | - | - | - | - | 1,332 | 17,084 | 24,861 | 42,203 | 9,001 | 75 | 32 | 8,729 | 21,419 | |
Profit (loss) for the period9904 |
19,169 | 38,481 | 117,404 | 109,797 | 58,799 | 893,980 | -795,271 | 3,653 | 122 | 122 | 32,779 | 79,266 | 30,735 | 51,518 | 15,118 | 27,513 | 33,060 | 25,187 | 27,300 | 4,877 | |
Profit (loss) for the period to be appropriated9905 |
19,169 | 38,481 | 117,404 | 109,797 | 58,799 | 893,980 | -795,271 | 3,653 | 122 | 122 | 32,779 | 79,266 | 30,735 | 51,518 | 15,118 | 27,513 | 33,060 | 25,187 | 27,300 | 4,877 | |
| Appropriation of the result | |||||||||||||||||||||
Profit (loss) to be appropriated9906 |
683,683 | 661,668 | 623,187 | 505,783 | 395,986 | 337,187 | -556,793 | 238,478 | 224,455 | 224,455 | 224,332 | 191,553 | 112,287 | 354,434 | 302,915 | 287,798 | 260,285 | 227,224 | 202,037 | 174,737 | |
Profit (loss) brought forward from the previous period14P |
664,514 | 623,187 | 505,783 | 395,986 | 337,187 | - | - | - | - | - | - | - | 81,552 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
Average staff (FTE)9087 |
15.2 | 16.3 | 17.2 | 17.4 | 17.7 | 18.8 | 18.8 | 19.5 | - | 17.7 | 16.8 | 17.6 | 32.7 | 37.1 | 38.2 | 39.3 | 39.1 | 46.4 | 49.4 | 57.3 | |
Men (FTE)1003 |
- | - | - | - | - | - | - | - | - | - | - | 16.3 | - | 35.3 | - | - | - | - | - | - | |
Women (FTE)1003 |
- | - | - | - | - | - | - | - | - | - | - | 1.3 | - | 1.8 | - | - | - | - | - | - | |
Agency workers1501 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.4 | 0.4 | - | |
Hours worked1013 |
10,305 | 14,110 | 14,796 | 8,576 | 5,756 | 16,760 | 16,760 | 16,976 | - | 18,472 | 17,591 | 18,145 | - | 20,378 | 24,090 | 24,116 | 32,272 | 46,763 | 50,207 | 66,190 | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-08-2026.
2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00385574.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-08-2026 | 2026-00385574 | |
| 31-12-2024 | full format | 13-10-2025 | 2025-00540740 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00419587 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00396320 | |
| 31-12-2021 | full format | 04-08-2022 | 2022-20268135 | |
| 31-12-2020 | full format | 01-02-2021 | 2021-03800343 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-65700532 | |
| 31-12-2018 | full format | 04-07-2019 | 2019-28500452 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-57500257 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-48800002 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55600039 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-54600408 | |
| 31-12-2013 | full format | 17-03-2014 | 2014-06600447 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-51700311 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-51400445 | |
| 31-12-2010 | full format | 09-06-2011 | 2011-16100343 | |
| 31-12-2009 | full format | 25-08-2010 | 2010-43700532 | |
| 31-12-2008 | full format | 31-08-2009 | 2009-71400008 | |
| 31-12-2007 | full format | 08-07-2008 | 2008-37900010 | |
| 31-12-2006 | full format | 29-08-2007 | 2007-63800076 | |
| 31-12-2005 | full format | 21-06-2006 | 2006-28603701 | |
| 31-12-2004 | full format | 30-06-2005 | 2005-38405093 | |
| 31-12-2003 | full format | 25-06-2004 | 2004-32102123 | |
| 31-12-2002 | full format | 09-07-2003 | 2003-41804286 | |
| 31-12-2001 | full format | 08-07-2002 | 2002-35300505 | |
| 31-12-2000 | full format | 06-07-2001 | 2001-34000010 | |
| 31-12-1999 | full format | 07-07-2000 | 2000-35600097 | |
| 31-12-1998 | full format | 23-07-1999 | 1999-35802133 | |
| 31-12-1997 | full format | 21-08-1998 | 1998-41500467 | |
| 31-12-1996 | full format | 13-06-1997 | 1997-15102950 | |
| 31-12-1995 | full format | 22-03-1996 | 1996-04402467 | |
| 31-12-1994 | full format | 06-04-1995 | 1995-05303246 | |
| 31-12-1993 | full format | 19-07-1994 | 1994-30704497 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 85,854 | 121,635 | 225,114 | 165,109 | 112,951 | 902,543 | -724,279 | 75,548 | 97,807 | 97,807 | 171,304 | 57,162 | 219,946 | 308,927 | 281,916 | 359,527 | 380,241 | 414,799 | 419,285 | 293,508 | |
| Cash flow | 85,246 | 109,675 | 160,793 | 135,870 | 77,736 | 900,459 | -735,756 | 63,168 | 68,611 | 68,611 | 101,268 | 146,298 | 138,775 | 201,167 | 180,376 | 244,484 | 280,342 | 303,372 | 306,644 | 227,764 | |
| Investment in fixed assets (approximation) | 63,571 | 59,517 | 133,884 | 28,550 | 37,617 | 80,537 | -76,363 | -59,516 | 68,489 | 0 | 24,764 | 13,840 | -1.8m | 2.0m | 32,124 | 5,088 | 70 | 213,519 | 386,379 | 207,776 | |
| Change in cash | -64,344 | -86,310 | 15,566 | 108,291 | -174,399 | 80,782 | 1,641 | 156,038 | 0 | -57,379 | -26,791 | -257,679 | 87,952 | 113,977 | 19,857 | 99,500 | -74,233 | 97,555 | -323,284 | - | |
| Working capital | 680,515 | 654,435 | 602,284 | 614,362 | 549,841 | 528,870 | 209,955 | 265,428 | 158,374 | 158,374 | 124,259 | 38,100 | -110,484 | 32,140 | 1.6m | 1.5m | 1.3m | 656,565 | 521,144 | 435,355 | |
| EBIT margin | - | - | - | - | - | - | - | - | - | - | - | -0.5% | 4.2% | 7.6% | 5.0% | 6.3% | 4.0% | 3.4% | 3.4% | 1.2% | |
| Solvency | 64.3% | 65.7% | 59.8% | 47.8% | 51.0% | 40.5% | -36.5% | 47.0% | 29.2% | 40.4% | 37.3% | 37.9% | 19.2% | 19.4% | 16.4% | 15.4% | 13.3% | 13.2% | 11.7% | 12.4% | |
| Current ratio | 2.44 | 2.52 | 2.14 | 1.89 | 2.21 | 1.84 | 1.24 | 1.59 | 1.17 | 1.29 | 1.21 | 1.08 | 0.88 | 1.03 | 1.90 | 1.79 | 1.59 | 1.27 | 1.18 | 1.17 | |
| Quick ratio | 2.00 | 2.45 | 1.53 | 1.30 | 1.35 | 1.30 | 0.79 | 1.59 | 1.17 | 1.29 | 1.21 | 1.08 | 0.88 | 1.03 | 1.02 | 0.96 | 0.76 | 0.63 | 0.63 | 0.90 | |
| Debt to equity | 0.56 | 0.52 | 0.67 | 1.03 | 0.81 | 1.26 | - | 1.13 | 2.42 | 1.48 | 1.68 | 1.64 | 4.21 | 4.17 | 5.10 | 5.51 | 6.51 | 6.58 | 7.52 | 7.04 | |
| ROE | 2.3% | 4.7% | 14.9% | 16.4% | 10.5% | 178.8% | - | 0.9% | 0.0% | 0.0% | 8.5% | 24.0% | 12.1% | 7.3% | 2.3% | 4.3% | 5.4% | 4.4% | 5.0% | 0.9% | |
| ROA | 1.5% | 3.1% | 8.9% | 7.8% | 5.4% | 72.4% | -73.6% | 0.4% | 0.0% | 0.0% | 3.2% | 9.1% | 2.3% | 1.4% | 0.4% | 0.7% | 0.7% | 0.6% | 0.6% | 0.1% | |
| Interest coverage | 31.08 | 22.50 | 64.43 | 22.31 | 36.18 | - | - | - | - | - | - | 3.21 | 6.33 | 8.23 | 13.67 | 4.24 | 3.57 | 3.45 | 4.12 | 8.35 | |
| Customer credit | - | - | - | - | - | - | - | - | - | - | - | 62 days | 47 days | 101 days | 230 days | 252 days | 169 days | 124 days | 153 days | 117 days | |
| Supplier credit | - | - | - | - | - | - | - | - | - | - | - | 46 days | 96 days | 118 days | 180 days | 224 days | 228 days | 188 days | 265 days | 134 days |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 16 | 18 | 18 | 18 |
| full-time | 15 | 15 | 17 | 17 | 17 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 15.2 | 15.2 | 17.2 | 17.2 | 17.2 |
| Average over the year, in full-time equivalents | 15.2 | 16.3 | 17.2 | 17.4 | 17.7 |
| On a permanent contract | 16 | 16 | 18 | 18 | 18 |
| Joined | - | 0 | - | 2 | 1 |
| Left | - | 2 | - | 2 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €63,571 | €59,517 | €133,884 | €28,550 | €37,617 |
| Depreciation and write-downs of the year | €66,078 | €71,194 | €43,390 | €26,072 | €18,936 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 61% lower than in 2024 and the lowest since 2019. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 34.3% to 35.7%. Equity and debt are higher.
CONSTRUCT TIME has no parent and no holdings in its annual accounts. CONSTRUCT TIME shares no director with another company.
| SECURITAS
establishment since 06-11-2012 · founded in 1985 · group Securitas AB |
4,595 FTE (2025) 0427.388.334 |
| ORBID
establishment since 01-04-2025 · founded in 1998 |
184 FTE (2026) 0463.174.208 |
| SN PROPERTIES
registered office since 24-01-2014 · founded in 2014 |
total assets €6.7m (2025) 0546.518.487 |
| ARAPOULAYOU
registered office since 03-06-2009 · founded in 2009 |
total assets €1.9m (2025) 0812.166.746 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Technique 15 registered office 1400 Nivelles | 09-03-1993 | 2.061.232.875 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25099D0047/00D000 | 8,020 m² | 1 · 1,507 m² | 9.0 m · 2 |
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. Use the enterprise number 0449.248.075
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