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CONSTRUCT TIME

Active Public limited companyfounded 1993active for 33 yearsRue de la Technique 15, 1400 NivellesKBO/BCE: BE 0449.248.075 #4 employer in Walloon Brabant, Construction of buildings sector

Overview

Lifetime

20 annual accounts with figures on one time axis, 33 filings since 1993
Gross marginpeak €1.3m (2020)
€599,157▼ 22.9%
Resultlowest -€795,271 (2019)
€19,169▼ 50.2%
Equitypeak €848,585 (2025)
€848,585▲ 2.7%
Debts
€471,789▲ 9.3%
Staffpeak 57.3 FTE (2006)
15.2 FTE▼ 6.7%
Board2 names since 2021
2 directorsNIZET Stéphane and 1 other
Documentsfilings and deeds
06-08-20266 days late
2025financial year
Gross margin from €776,723 to €599,157Result from €38,481 to €19,169Cash from €115,767 to €51,423

Key points

from the 2025 annual accounts

Equity

€848,585 ▲ 2.7%

CONSTRUCT TIME has made a profit without a break since 2020.

Staff

15.2 FTE from 57.3 in 2006

Between 2006 and 2025, 73% of the full-time equivalents disappeared.

Filings

33 annual accounts since 1993
AprilJune31 JulyOctober200020102020

Eight of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.

Checked score

55
Fair
Financially stronger than 60% of small companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 0.4% 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: 0.3%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 1.6%▲ +0.9 percentage points vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.4%▼ -0.2 percentage points vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.5%▲ +0.1 percentage points vs 06-2026 08-2026: 2.4%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 2.0%▼ -0.4 percentage points vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026 11-2026: 2.0%● unchanged vs 10-2026

Financial strength
Strong

Solvency
89-2equity 64.3% of total assets
Liquidity
39-7short-term debt 35.7% · cash 3.9%
Profitability
71-2return on assets 1.5%

Score breakdown

raises risk
Judicial reorganisation on record (3 publications, latest 16-06-2020)
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 6 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1993
Calculation

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).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as CONSTRUCT TIME has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

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.

Test of the method

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.

The companies in ten equal groups, from the lowest to the 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% 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.

Credit verdict

Credit of up to €45,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file

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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Judicial reorganisation on record (3 publications, latest 16-06-2020)
Belgian Official Gazette
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 6 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 6 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
6 days late
2024
74 days late
2023
30 days late
2022
30 days late
2021
4 days late
2020
180 days early
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

NS
Director
SM
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0449248075
2 directors resigning, 2 reappointments Resignations: NIZET Stéphane and SIDIROPOULOU Maria · Reappointments: NIZET Stéphane (director) and SIDIROPOULOU Maria (director) · “L'exploitation au sens le plus large du terme de toute entreprise appartenant au secteur de la construction…” (deed in French) · General meeting of 06-02-2024 · Gazette deed
Plan homologation Enterprise Court of Walloon Brabant · judgment of 08-06-2020 · Judicial reorganisation
Extension Enterprise Court of Walloon Brabant · collective agreement · judgment of 30-03-2020 · Judicial reorganisation
All 42 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 20-01-1993Normal situation
Activity
General construction of residential buildingsNACE 41001and 1 other
Joint committees
124Construction
126Furnishing and woodworking
149.01Electricians: installation and distribution · annual accounts 2025
Establishment unit
2.061.232.8751400 Nivelles, since 09-03-1993
Financial year end
31 December
Peppol
Reachable since 03-12-2025
Company details

Annual accounts 2025

Gross margin
€599,157▼ 22.9%
Turnover
≈ €1.3mestimated
Profit
€19,169▼ 50.2%
Equity
€848,585▲ 2.7%
Total assets
€1.3m▲ 4.9%
Employeeson 31-12-2025
16=
Filing
Filed on 06-08-2026
Financials

Insights on CONSTRUCT TIME

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.

Financials

Annual accounts 2025

full format, filed on 06-08-2026, 6 days late
Gross margin
€599,157
▼ 22.9%
Operating result
€19,776
▼ 60.8%
EBITDA
€85,854
▼ 29.4%
Cash flow
€85,246
▼ 22.3%
Solvency
64.3%
▼ 1.4 percentage points
Current ratio
2.44
▼ 0.08

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.3m. Estimated: probably between €1.0m and €1.9m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.3m on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency64.3%

Higher than 80% of 1,033 companies in 2025.

Current ratio2.44

Higher than 73% of 1,013 companies in 2025.

Return on assets1.5%

Higher than 44% of 1,028 companies in 2025.

CONSTRUCT TIME Middle half of the sector 80% of the sector Full accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

Men and women

Not in that year's accounts.

Staff cost per FTE€31,524

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 1.3m1.3m1.3m1.4m1.1m1.2m1.1m854,4541.3m959,7991.0m873,0011.3m3.6m4.0m4.2m4.6m4.4m4.7m4.2m
Fixed assets21/28 168,070174,128185,80595,31192,83474,15395135,974255,005255,005323,494367,218-2.4m630,718810,6351.0m1.3m1.3m1.2m
Tangible fixed assets22/27 167,975174,033185,71095,21692,73974,058-135,879254,910254,910323,399367,123492,6002.4m630,623810,5401.0m1.3m1.3m1.2m
Land and buildings22 ------------359,5202.3m443,003484,745526,487568,228609,970651,712
Plant, machinery and equipment23 75,89492,54961,94435,51546,33814,850----4,3608,72013,08017,44018,00078,312155,263235,240197,72672,934
Furniture and vehicles24 92,08281,484123,76659,70146,40159,208----4,6139,227--9,62067,484140,673246,236293,391253,097
Other tangible fixed assets26 ------------120,000140,000160,000180,000200,000220,000240,000260,000
Assets under construction and advance payments27 -------115,879194,910194,910234,425249,177--------
Financial fixed assets28 9595959595959595959595959595959595252525
Other financial fixed assets284/8 -----------959595959595252525
Amounts receivable and cash guarantees285/8 -----------959595959595252525
Current assets29/58 1.2m1.1m1.1m1.3m1.0m1.2m1.1m718,4811.1m704,795713,643505,783827,9481.2m3.3m3.3m3.6m3.1m3.4m3.0m
Stocks and contracts in progress3 208,41230,000320,000410,000390,000340,000392,000-------1.6m1.6m1.8m1.6m1.6m680,000
Stocks30/36 208,41230,000320,000410,000390,000340,000392,000-------1.6m1.6m1.8m1.6m1.6m680,000
Goods purchased for resale34 --------------1.6m1.6m1.8m1.6m1.6m600,000
Property held for sale35 -------------------80,000
Amounts receivable within one year40/41 885,835938,302609,019708,397534,338568,259516,343548,2851.1m690,637642,106401,068471,941921,0121.5m1.7m1.7m1.4m1.8m2.0m
Trade receivables40 198,898136,924523,234611,925469,945469,188376,351494,6421.0m448,197611,774346,337347,929580,2221.5m1.6m1.6m1.4m1.7m1.9m
Other amounts receivable41 686,936801,37885,78596,47264,39399,070139,99253,64347,220242,44030,33154,731124,012340,79081,07797,609107,54260,42946,53573,625
Cash at bank and in hand54/58 51,423115,767202,076186,51078,219252,618171,837170,19614,15814,15871,53798,328356,007268,055154,077134,22034,720108,95311,399334,682
Deferred charges and accrued income490/1 6,635----------6,388--100,000-12,453---
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.3m1.3m1.3m1.4m1.1m1.2m1.1m854,4541.3m959,7991.0m873,0011.3m3.6m4.0m4.2m4.6m4.4m4.7m4.2m
Equity10/15 848,585826,570788,089668,707558,910500,110-393,869401,402387,378387,378387,256330,704253,417703,764652,246637,128609,615576,555551,368524,067
Contributions10/11 111,073111,073111,073109,094109,094109,094109,094109,094109,094109,094109,094109,094-274,933274,933274,933274,933274,933274,933274,933
Capital10 111,073111,073111,073109,094109,094-------111,073-------
Issued capital100 111,073111,073111,073109,094109,094109,094109,094109,094109,094109,094109,094109,094111,073274,933274,933274,933274,933274,933274,933274,933
Reserves13 53,82953,82953,82953,82953,82953,82953,82953,82953,82953,82953,82930,05630,05774,39774,39774,39774,39774,39774,39774,397
Non-distributable reserves130/1 6,2596,2596,2596,2596,259---------------
Legal reserve130 6,2596,2596,2596,2596,2596,2596,2596,2596,2596,2596,2596,2596,26015,49315,49315,49315,49315,49315,49315,493
Tax-exempt reserves132 23,79723,79723,79723,79723,79723,79723,79723,79723,79723,79723,79723,79723,79758,90458,90458,90458,90458,90421,40421,404
Distributable reserves133 23,77323,77323,77323,77323,77323,77323,77323,77323,77323,77323,773-------37,50037,500
Profit (loss) carried forward14 683,683661,668623,187505,783395,986337,187-556,793238,478224,455224,455224,332191,553112,287354,434302,915287,798260,285227,224202,037174,737
Provisions and deferred taxes16 ---40,96683,765102,913603,919-------------
Provisions for liabilities and charges160/5 ---40,96683,765102,913603,919-------------
Major repairs and maintenance162 ---40,96683,765102,913603,919-------------
Amounts payable17/49 471,789431,627528,811690,545452,717632,007870,225453,052937,201572,421649,880542,2981.1m2.9m3.3m3.5m4.0m3.8m4.1m3.7m
Amounts payable after more than one year17 --------26,00026,00046,00071,734125,8581.4m1.6m1.6m1.7m1.3m1.3m1.1m
Financial debts170/4 --------26,00026,00046,00071,734125,8581.4m1.6m1.6m1.7m1.3m1.3m1.1m
Leasing and similar obligations172 -----------66,00086,000106,000128,500151,000173,500196,000--
Credit institutions173 -----------5,73439,8581.2m1.4m1.5m1.5m1.1m1.3m1.1m
Other loans174 --------------9,28327,07643,89559,789--
Amounts payable within one year42/48 471,789429,634528,811690,545452,717632,007870,225453,052911,201546,421589,384467,683938,4321.2m1.8m1.9m2.2m2.4m2.8m2.5m
Current portion of amounts payable after more than one year42 -------6,00020,00020,00025,73453,869302,559306,177323,69095,007142,132437,426446,948162,557
Financial debts43 68,376-6,91893,81723,2606,48117,713--53,62816,38243,16327,539108,00158,827351,319447,74014,697158,885244,128
Credit institutions430/8 68,376-6,91893,81723,2606,48117,713--53,62816,38243,16327,539108,00158,827351,319447,74014,697158,885244,128
Trade debts44 244,900263,489172,274372,939252,007330,599474,477264,700440,028384,308171,827177,936343,938428,832706,283758,5891.1m1.3m1.9m1.5m
Suppliers440/4 244,900263,489172,274372,939252,007330,599474,477264,700440,028384,308171,827177,936343,938428,832706,283758,5891.1m1.3m1.9m1.5m
Taxes, remuneration and social security45 26,16847,69554,99425,77722,60642,36991,41954,10839,39939,39955,38386,40563,22670,587100,55972,30387,903182,513270,854180,369
Taxes450/3 -854-2,782--3,3505,303--69,546--5,59345287718,55732,46943,789
Remuneration and social security454/9 26,16846,84154,99422,99522,60642,36988,06948,80539,39939,39955,37776,85963,22670,58794,96671,85187,025163,956238,386136,579
Other amounts payable47/48 132,346118,450294,624198,012154,844252,557286,616128,245411,77449,085320,058106,310201,170243,329568,507590,999423,632518,280101,954453,019
Accrued charges and deferred income492/3 -1,992--------14,4972,8802,936425,036-11,8244,2204,2244,017-
Income statement
Operating income70/76A -----------2.1m-2.3m2.4m2.4m3.4m4.1m4.3m5.9m
Turnover70 -----------2.1m2.7m2.1m2.3m2.3m3.4m4.0m4.2m5.9m
Other operating income74 ------------219,337-------
Non-recurring operating income76A 21,179----936,272-----107,715-2,0667,750248200165100224
Gross operating margin9900 599,157776,723907,244561,635410,7311.3m643,873682,992744,664744,664729,400---------
Operating charges60/66A -----------2.1m-2.2m2.3m2.2m3.3m3.9m4.1m5.9m
Goods for resale, raw materials and consumables60 -----------920,479861,459721,902803,871801,8511.2m1.8m1.9m3.3m
Purchases600/8 -----------920,479861,459721,902803,871783,7041.5m1.8m996,7764.0m
Change in stocks: decrease (increase)609 ---------------18,147-274,153-5,000885,000-680,000
Services and other goods61 -----------494,063452,221600,616628,511436,998573,542717,269680,178771,388
Remuneration, social security and pensions62 479,157597,803607,992370,690270,889328,188591,797564,666584,912584,912539,747603,708661,876646,380697,772694,762936,6311.1m1.3m1.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 66,07871,19443,39026,07218,9366,47959,51659,51668,48968,48968,48967,032108,040149,649165,258216,971247,281278,185279,344222,887
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ------65,032-----665,003--64,617261,426---
Provisions for liabilities and charges: additions (uses and reversals)635/8 --45,220---603,919-------------
Other operating charges640/8 34,14657,28428,91825,83726,89126,17231,04042,77961,94561,94518,34948,43743,21638,04135,1884,39210,86014,82320,02119,281
Non-recurring operating charges66A -----75,72076,363---21,860---5,50927,151-5,0423,291-
Operating profit (loss)9901 19,77650,441181,724139,03794,015896,064-783,79516,03229,31829,318102,815-9,870111,906159,278116,658142,556132,960136,614139,94170,621
Financial income75/76B 5,6063,447357,3842,7992,4313,57317,8802,6182,61819576-3,1354,4715,6276,60113,8569776,991
Recurring financial income75 5,6062,827357,3842,7992,4313,57317,8802,6182,618195764393,1354,4715,6276,60113,8569776,991
Income from financial fixed assets750 -----------486153462,4415,627----
Other financial income752/9 -----------902863,0892,031-6,60113,8569776,991
Non-recurring financial income76B -620------------------
Financial charges65/66B 6,2135,4073,9199,6944,5664,5153,4346,76412,09212,09221,70917,823-88,10166,04984,768106,625120,375101,69951,540
Recurring financial charges65 2,7625,4073,4947,4013,1223,5813,4346,76412,09212,09221,70917,82368,28288,10166,04984,768106,625120,375101,69951,540
Debt charges650 -----------17,82334,73737,52020,62884,768106,625120,375101,69935,172
Other financial charges652/9 -------------50,58145,421----16,368
Non-recurring financial charges66B 3,451-4252,2931,444934--------------
Profit (loss) for the period before taxes9903 19,16948,481177,841136,72792,248893,980-783,65527,14819,84319,84359,26580,59847,81976,37957,32136,51333,13625,21936,02926,296
Income taxes67/77 -10,00060,43826,93033,448-11,61623,49619,72119,72126,4851,33217,08424,86142,2039,00175328,72921,419
Taxes670/3 -----------1,33217,08424,86142,2039,00175328,72921,419
Profit (loss) for the period9904 19,16938,481117,404109,79758,799893,980-795,2713,65312212232,77979,26630,73551,51815,11827,51333,06025,18727,3004,877
Profit (loss) for the period to be appropriated9905 19,16938,481117,404109,79758,799893,980-795,2713,65312212232,77979,26630,73551,51815,11827,51333,06025,18727,3004,877
Appropriation of the result
Profit (loss) to be appropriated9906 683,683661,668623,187505,783395,986337,187-556,793238,478224,455224,455224,332191,553112,287354,434302,915287,798260,285227,224202,037174,737
Profit (loss) brought forward from the previous period14P 664,514623,187505,783395,986337,187-------81,552-------
Social balance sheet
Average staff (FTE)9087 15.216.317.217.417.718.818.819.5-17.716.817.632.737.138.239.339.146.449.457.3
Men (FTE)1003 -----------16.3-35.3------
Women (FTE)1003 -----------1.3-1.8------
Agency workers1501 -----------------0.40.4-
Hours worked1013 10,30514,11014,7968,5765,75616,76016,76016,976-18,47217,59118,145-20,37824,09024,11632,27246,76350,20766,190
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

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 PDF
31-12-2024 full format 13-10-2025 2025-00540740 PDF
31-12-2023 full format 30-08-2024 2024-00419587 PDF
31-12-2022 full format 30-08-2023 2023-00396320 PDF
31-12-2021 full format 04-08-2022 2022-20268135 PDF
31-12-2020 full format 01-02-2021 2021-03800343 PDF
31-12-2019 full format 30-10-2020 2020-65700532 PDF
31-12-2018 full format 04-07-2019 2019-28500452 PDF
31-12-2017 full format 31-08-2018 2018-57500257 PDF
31-12-2016 full format 28-08-2017 2017-48800002 PDF
31-12-2015 full format 31-08-2016 2016-55600039 PDF
31-12-2014 full format 31-08-2015 2015-54600408 PDF
31-12-2013 full format 17-03-2014 2014-06600447 PDF
31-12-2012 full format 29-08-2013 2013-51700311 PDF
31-12-2011 full format 31-08-2012 2012-51400445 PDF
31-12-2010 full format 09-06-2011 2011-16100343 PDF
31-12-2009 full format 25-08-2010 2010-43700532 PDF
31-12-2008 full format 31-08-2009 2009-71400008 PDF
31-12-2007 full format 08-07-2008 2008-37900010 PDF
31-12-2006 full format 29-08-2007 2007-63800076 PDF
31-12-2005 full format 21-06-2006 2006-28603701 PDF
31-12-2004 full format 30-06-2005 2005-38405093 PDF
31-12-2003 full format 25-06-2004 2004-32102123 PDF
31-12-2002 full format 09-07-2003 2003-41804286 PDF
31-12-2001 full format 08-07-2002 2002-35300505 PDF
31-12-2000 full format 06-07-2001 2001-34000010 PDF
31-12-1999 full format 07-07-2000 2000-35600097 PDF
31-12-1998 full format 23-07-1999 1999-35802133 PDF
31-12-1997 full format 21-08-1998 1998-41500467 PDF
31-12-1996 full format 13-06-1997 1997-15102950 PDF
31-12-1995 full format 22-03-1996 1996-04402467 PDF
31-12-1994 full format 06-04-1995 1995-05303246 PDF
31-12-1993 full format 19-07-1994 1994-30704497 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
EBITDA 85,854121,635225,114165,109112,951902,543-724,27975,54897,80797,807171,30457,162219,946308,927281,916359,527380,241414,799419,285293,508
Cash flow 85,246109,675160,793135,87077,736900,459-735,75663,16868,61168,611101,268146,298138,775201,167180,376244,484280,342303,372306,644227,764
Investment in fixed assets (approximation) 63,57159,517133,88428,55037,61780,537-76,363-59,51668,489024,76413,840-1.8m2.0m32,1245,08870213,519386,379207,776
Change in cash -64,344-86,31015,566108,291-174,39980,7821,641156,0380-57,379-26,791-257,67987,952113,97719,85799,500-74,23397,555-323,284-
Working capital 680,515654,435602,284614,362549,841528,870209,955265,428158,374158,374124,25938,100-110,48432,1401.6m1.5m1.3m656,565521,144435,355
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 2.442.522.141.892.211.841.241.591.171.291.211.080.881.031.901.791.591.271.181.17
Quick ratio 2.002.451.531.301.351.300.791.591.171.291.211.080.881.031.020.960.760.630.630.90
Debt to equity 0.560.520.671.030.811.26-1.132.421.481.681.644.214.175.105.516.516.587.527.04
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 31.0822.5064.4322.3136.18------3.216.338.2313.674.243.573.454.128.35
Customer credit -----------62 days47 days101 days230 days252 days169 days124 days153 days117 days
Supplier credit -----------46 days96 days118 days180 days224 days228 days188 days265 days134 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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1616181818
full-time1515171717
part-time11111
in full-time equivalents15.215.217.217.217.2
Average over the year, in full-time equivalents15.216.317.217.417.7
On a permanent contract1616181818
Joined-0-21
Left-2-22

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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)

Insights on CONSTRUCT TIME

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.

Board & ownership

Board

2 directors, last change in 2024
Director (not named in the articles)
in office according to the deed of 12-02-2024
earlier director, until 12-02-2024
listed in the 2025 annual accounts, filed on 06-08-2026
Director (not named in the articles)
in office according to the deed of 12-02-2024
earlier director, until 12-02-2024
listed in the 2025 annual accounts, filed on 06-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 16 : Représentation de la société. La société est représentée, y compris dans les actes et en justice : - soit, par deux…”
deed of 12-02-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
NIZET Stéphane
Director (not named in the articles)
SIDIROPOULOU Maria
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • NIZET Stéphane
    • Director (not named in the articles), since before 31-12-2021
    • Director, until 12-02-2024
  • SIDIROPOULOU Maria
    • Director (not named in the articles), since before 31-12-2021
    • Director, until 12-02-2024

See the board, name and registered office on a given date →

Control

Capital

Capital
€111,073.11
Shares
11,091
Contribution per share
€10.01
Equity per share
€76.51 in 2025
Source
deed of 12-02-2024

Articles of association

deed of 12-02-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of May at 18:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Toutes les opérations prévues par la loi, assemblée générale en décide autrement à la majorité des voix”

Network & group

No group

CONSTRUCT TIME has no parent and no holdings in its annual accounts. CONSTRUCT TIME shares no director with another company.

At the same address

Rue de la Technique 15, 1400 Nivelles · 4 other companies
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

Timeline

Timeline

42 events since 1993

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 6 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0449248075
Annual accounts 2024 filed PDFfull format · 74 days late
2024
Annual accounts 2023 filed PDFfull format · 30 days late
2 directors resigning, 2 reappointmentsResignations: NIZET Stéphane and SIDIROPOULOU Maria · Reappointments: NIZET Stéphane (director) and SIDIROPOULOU Maria (director) · “L'exploitation au sens le plus large du terme de toute entreprise appartenant au secteur de la construction…” (deed in French) · General meeting of 06-02-202410 points ▸
  • General meeting, 06-02-2024
  • Purpose change, “L'exploitation au sens le plus large du terme de toute entreprise appartenant au secteur de la construction, notamment, entreprise générale, construction…” (deed in French)
  • Capital, €111,073.11, 11,091 shares
  • Director resignation, NIZET Stéphane
  • Director resignation, SIDIROPOULOU Maria
  • Director discharge, NIZET Stéphane
  • Director discharge, SIDIROPOULOU Maria
  • Director reappointment, NIZET Stéphane (director (not named in the articles))
  • Director reappointment, SIDIROPOULOU Maria (director (not named in the articles))
  • Registered office clause, rue de la Technique 15, 1402 Nivelles (Thines)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFfull format · 30 days late
2022
Annual accounts 2021 filed PDFfull format · 4 days late
2021
Annual accounts 2020 filed PDFfull format · 180 days before the deadline
2020
Back to profit net €893,980 The net result is €893,980, after one loss-making year.
Annual accounts 2019 filed PDFfull format · 91 days late
Plan homologation Enterprise Court of Walloon Brabant · judgment of 08-06-2020
Extension Enterprise Court of Walloon Brabant · collective agreement · judgment of 30-03-2020
Judicial reorganisation opened Enterprise Court of Walloon Brabant · collective agreement · judgment of 13-01-2020
2019
Weakest financial year net -€795,271 The net result drops to -€795,271, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFfull format · 27 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 31 days late
2017
Annual accounts 2016 filed PDFfull format · 28 days late
2016
Annual accounts 2015 filed PDFfull format · 31 days late
2015
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Annual accounts 2013 filed PDFfull format · 136 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 29 days late
2012
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Annual accounts 2010 filed PDFfull format · 52 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 25 days late
2009
Annual accounts 2008 filed PDFfull format · 31 days late
2008
Annual accounts 2007 filed PDFfull format · 23 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 29 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
First establishment Rue de la Technique 15, Nivelles
Incorporation published on 12-02-1993

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CONSTRUCT TIME was incorporated on 20 January 1993.1 Total assets rose from €854,454 in 2018 to €1.3m in 2025 and headcount from 19.5 to 15.2 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0449.248.075
VAT number
BE 0449.248.075
Peppol ID
0208:0449248075
Other Peppol ID
9925:BE0449248075
Legal form
Public limited company
Status
Active, normal situation
Founded
20-01-1993
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of May at 18:00
deed of 12-02-2024 (in French)
Peppol
Reachable since 03-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CONSTRUCT TIME in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-02-2024 (in French)

Activities

NACEBEL 2025
VAT activities
41001 General construction of residential buildings main activity
46831 Wholesale of construction materials, general range
Social security (RSZ) activities
41001 General construction of residential buildings main activity
Joint committees annual accounts 2025
JC 124 Construction
JC 126 Furnishing and woodworking
JC 149.01 Electricians: installation and distribution
Codes under NACEBEL 2008
VAT activities
41201 General construction of buildings main activity
46731 Wholesale trade
Social security (RSZ) activities
41201 General construction of buildings main activity
Codes under NACEBEL 2003
VAT activities
45211 main activity
51532
Social security (RSZ) activities
45211 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'exploitation au sens le plus large du terme de toute entreprise appartenant au secteur de la construction, notamment, entreprise générale…”
3 activities
  1. L'exploitation au sens le plus large du terme de toute entreprise appartenant au secteur de la construction, notamment, entreprise générale, construction métallique, menuiserie charpentier, plomberie, charpente métallique, génie civil, terrassement, aménagement de parcs et jardins. Ainsi que l’exploitation d’immeubles en hotel ou gîtes ; services d'hébergement pour séjours de courte durée, en liaison ou non avec l'exploitation d'un restaurant (secteur Horeca en général), dans des hôtels, motels et auberges (avec service hôtelier)
  2. L'achat et la vente d'immeubles bâtis et non bâtis, le courtage et l'agent immobilier, ainsi que toutes opérations et toutes études ayant trait à tous biens et à tous droits immobiliers, par nature, par incorporation ou par destination et aux biens et/ou à tous droits mobiliers qui en découlent. La société pourra acheter, construire, transformer, aménager, louer, sous-louer, procéder à l'exploitation agricole, horticole ou forestière, directement ou indirectement ou en régie, échanger, vendre, diviser horizontalement et verticalement, lotir, mettre sous régime de copropriété et faire en général tout ce qui se rattache directement ou indirectement à la gestion, la promotion ou à la mise en valeur, pour elle-même ou pour autrui, de toutes propriétés immobilières bâties ou non bâties.
  3. L'importation et l'exportation de tous services, marchandises, biens ou produits quelconques. Elle peut faire toutes opérations industrielles, commerciales, financières, mobilières, immobilières, se rapportant directement ou indirectement en tout ou en partie, à son objet social ou de nature à en faciliter ou en développer la réalisation. Elle peut s'intéresser par voie de cession, d'apport, de fusion, de participation ou d'intervention financière dans toute société ou entreprise industrielle, commerciale ou financière existante ou à créer.
deed of 12-02-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de la Technique 15 registered office 1400 Nivelles 09-03-1993 2.061.232.875

Buildings and parcels at the address

Ground area
8,020 m²
Buildings
1,507 m²
Volume, LiDAR
10,737 m³
Tallest building
9.0 m
Buildings to scale, each on its own parcel
1,507 m², 9.0 m 1,507 m², 9.0 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25099D0047/00D0008,020 m² 1 · 1,507 m² 9.0 m · 2

Recognitions

Recognised contractor

24 categories
CONSTRUCT TIME SAapproval number 23817
  • C1 Ordinary sewer worksclass 1, up to €162,000
  • C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
  • C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
  • D General building contractsclass 4, up to €1,080,000
  • D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
  • D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
  • D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
  • D11 Plastering and renderingclass 1, up to €162,000
Show all 24 categories
  • D12 Non-metal, non-asphalt roof coveringsclass 1, up to €162,000
  • D14 Glazingclass 1, up to €162,000
  • D16 Sanitary installations and gas heating with individual appliancesclass 2, up to €330,000
  • D18 Ventilation, warm-air heating and air conditioningclass 3, up to €600,000
  • D20 Metal joineryclass 1, up to €162,000
  • D21 Cleaning and restoring facadesclass 1, up to €162,000
  • D24 Restoration of monumentsclass 1, up to €162,000
  • D29 Floor screeds and industrial floor coveringsclass 1, up to €162,000
  • E General civil engineering contractsclass 1, up to €162,000
  • E1 Trunk sewersclass 1, up to €162,000
  • G General earthworks contractsclass 1, up to €162,000
  • G5 Demolitionclass 1, up to €162,000
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 4, up to €1,080,000
  • P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 4, up to €1,080,000
  • P3 Overhead power linesclass 2, up to €330,000
  • S1 Public telephone and telegraph equipmentclass 2, up to €330,000
decision 14-04-2022

Invoicing and payment

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