Construct Vierstraete
ActiveThe computed 12-month bankruptcy probability of Construct Vierstraete is 2.6% (moderate). The 2025 annual accounts show negative equity (€-637k) and a net result of €299k. Equity is shrinking by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 27619 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 14.17 against 0.83 in 2024; short-term debt: 7.1% and cash: 0.1% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-173.1%
Return on assets
81.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
17 d late
2023
13 d late
2022
23 d late
2021
3 d early
2020
39 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€327k▼ 66.1%
2022 · €963k
2020: €1.20M
2021: €1.55M
2022: €963k
2020 → 2023
EBIT margin
-45.8%▲ 0.4pp
2022 · -46.2%
2020: 2.1%
2021: 3.8%
2022: -46.2%
2020 → 2023
Net result
€299k
2024 · €-353k
2020: €11k
2021: €25k
2022: €-458k
2023: €-170k
2024: €-353k
2020 → 2025
Working capital
€342k
2024 · €-27k
2020: €-46k
2021: €-74k
2022: €-552k
2023: €-113k
2024: €-27k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.55M-€963k▼ 37.8%€327k▼ 66.1%
Equity€46k-€-412k€-583k▼ 41.3%€-936k▼ 60.6%€-637k▲ 32.0%
Operating result€59k-€-445k€-150k▲ 66.4%€-342k▼ 129%€302k
Net result€25k-€-458k€-170k▲ 62.8%€-353k▼ 107%€299k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €302k after a loss of €342k in 2024, the highest result in the available series.
Key figures and ratios
EBITDA
€302k▲
2024 · €-314k
Cash flow
€299k▲
2024 · €-325k
Solvency
-173.1%▲
2024 · -453.7%
Current ratio
14.17▲
2024 · 0.83
Quick ratio
14.17▲
2024 · 0.83
Debt / equity
-1.58▼
2024 · -1.22
ROA
81.3%▲
2024 · -171.3%
Interest coverage
90.80▲
2024 · -29.05
Debt
€1.00M▼
2024 · €1.14M
Debt ≤ 1 year
€26k▼
2024 · €166k
Debt > 1 year
€979k▲
2024 · €977k
Staff costs
€0▼
2024 · €7k
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€206k€368k▲
Fixed assets21/28€68k€0▼
Tangible fixed assets22/27€68k€0▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€68k€0▼
Leasing and similar rights25€0-
Current assets29/58€138k€368k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€136k€367k▲
Trade receivables40€120k€355k▲
Other amounts receivable41€16k€12k▼
Cash at bank and in hand54/58€1k€492▼
Deferred charges and accrued income490/1€829€701▼
Equity and liabilities
Total equity and liabilities10/49€206k€368k▲
Equity10/15€-936k€-637k▲
Contributions10/11€10k€10k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€-981k€-682k▲
Amounts payable17/49€1.14M€1.00M▼
Amounts payable after more than one year17€977k€979k▲
Financial debts170/4€5k€0▼
Other amounts payable178/9€971k€979k▲
Amounts payable within one year42/48€166k€26k▼
Current portion of amounts payable after more than one year42€23k€0▼
Financial debts43€46k€0▼
Credit institutions430/8€46k€0▼
Trade debts44€97k€15k▼
Suppliers440/4€97k€15k▼
Taxes, remuneration and social security45€0€11k▲
Taxes450/3€0€11k▲
Remuneration and social security454/9€0-
Income statement
Code20242025
Non-recurring operating income76A-€84k
Remuneration, social security and pensions62€7k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€0▼
Other operating charges640/8€416€842▲
Non-recurring operating charges66A€1k€57k▲
Gross operating margin9900€-306k€359k▲
Operating profit (loss)9901€-342k€302k▲
Financial income75/76B€2€701▲
Recurring financial income75€2€701▲
Financial charges65/66B€11k€3k▼
Recurring financial charges65€11k€3k▼
Profit (loss) for the period before taxes9903€-353k€299k▲
Profit (loss) for the period9904€-353k€299k▲
Profit (loss) for the period to be appropriated9905€-353k€299k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-981k€-682k▲
Profit (loss) brought forward from the previous period14P€-628k€-981k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €299k
Net result €299k after 3 loss-making years.
30-06
Financial
Liquidity times 17current ratio 14.17
Current ratio from 0.83 to 14.17; short-term debt falls from €166k to €26k.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-06
Financial
Weakest financial yearnet €-458k ▼1922%
Net result drops to €-458k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ichtegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortemarkstraat(Icht) 1018480 IchtegemGround area
1,558 m²
Building footprint
127 m²
Volume, LiDAR
804 m³
Parcel 35006C0273/00F000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Construct Vierstraete
since 20192.290.499.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006C0273/00F000 | Flanders | 1,558 m² | 1 · 127 m² | 10.0 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 158 EUR awarded · 158 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 158 EUR | 158 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 6,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-2019
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
25530Machining of metals
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:wendy.vierstraete@telenet.be