CONSTRUCTECO
ActiveSummary
CONSTRUCTECO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215k and a net result of €21k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 62% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-7
Solvency92▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 7.1 against 9.88 in 2023; short-term debt: 13.5% and cash: 90.8% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
31 d late
2022
10 d early
2021
52 d late
2020
2 d early
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 46.2%
2023 · €39k
2018: €31k
2019: €15k▼ -52.7% vs 2018lowest in 7 years
2020: €32k▲ +119% vs 2019
2021: €23k▼ -27.7% vs 2020
2022: €24k▲ +2.5% vs 2021
2023: €39k▲ +63.3% vs 2022highest in 7 years
2024: €21k▼ -46.2% vs 2023
2018 → 2024
Working capital
€264k▲ 0.6%
2023 · €262k
2018: €244k
2019: €268k▲ +9.9% vs 2018
2020: €293k▲ +9.3% vs 2019highest in 7 years
2021: €196k▼ -33.1% vs 2020lowest in 7 years
2022: €212k▲ +8.0% vs 2021
2023: €262k▲ +23.8% vs 2022
2024: €264k▲ +0.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€261k-€183k▼ 29.8%€186k▲ 1.6%€225k▲ 21.0%€215k▼ 4.4%
2020: €261khighest in 5 years
2021: €183k▼ -29.8% vs 2020lowest in 5 years
2022: €186k▲ +1.6% vs 2021
2023: €225k▲ +21.0% vs 2022
2024: €215k▼ -4.4% vs 2023
Operating result€50k-€37k▼ 26.1%€39k▲ 4.8%€62k▲ 60.3%€34k▼ 44.9%
2020: €50k
2021: €37k▼ -26.1% vs 2020
2022: €39k▲ +4.8% vs 2021
2023: €62k▲ +60.3% vs 2022highest in 5 years
2024: €34k▼ -44.9% vs 2023lowest in 5 years
Net result€32k-€23k▼ 27.7%€24k▲ 2.5%€39k▲ 63.3%€21k▼ 46.2%
2020: €32k
2021: €23k▼ -27.7% vs 2020
2022: €24k▲ +2.5% vs 2021
2023: €39k▲ +63.3% vs 2022highest in 5 years
2024: €21k▼ -46.2% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €321k
Fixed assets
€13k ▼ 46.1%
Current assets
€307k ▲ 5.2%
Equity and liabilities €321k
Equity
€215k ▼ 4.4%
Provisions
€12k =
Debt
€94k ▲ 17.1%
Debt's share of the balance-sheet total rises from 25.4% to 29.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▼
2023 · €74k
Cash flow
€33k▼
2023 · €51k
Current ratio
7.10▼
2023 · 9.88
Debt to equity
0.44▲
2023 · 0.36
ROE
9.8%▼
2023 · 17.4%
ROA
6.6%▼
2023 · 12.3%
Interest coverage
11.55▼
2023 · 23.97
Debt ≤ 1 year
€43k▲
2023 · €30k
Debt > 1 year
€51k=
2023 · €51k
Income taxes
€11k▼
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€317k€321k▲
Fixed assets21/28€25k€13k▼
Tangible fixed assets22/27€25k€13k▼
Land and buildings22€8k€2k▼
Plant, machinery and equipment23€5k€5k=
Furniture and vehicles24€12k€7k▼
Current assets29/58€292k€307k▲
Amounts receivable within one year40/41€12k€14k▲
Trade receivables40€11k€7k▼
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€279k€291k▲
Deferred charges and accrued income490/1€531€1k▲
Equity and liabilities
Total equity and liabilities10/49€317k€321k▲
Equity10/15€225k€215k▼
Contributions10/11€54k€54k=
Reserves13€166k€156k▼
Distributable reserves133€166k€156k▼
Profit (loss) carried forward14€4k€4k=
Provisions and deferred taxes16€12k€12k=
Provisions for liabilities and charges160/5€12k€12k=
Major repairs and maintenance162€12k€12k=
Amounts payable17/49€80k€94k▲
Amounts payable after more than one year17€51k€51k=
Financial debts170/4€51k€51k=
Amounts payable within one year42/48€30k€43k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€10k€1k▼
Taxes450/3€10k€1k▼
Other amounts payable47/48€17k€39k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€805€1k▲
Gross operating margin9900€75k€47k▼
Operating profit (loss)9901€62k€34k▼
Financial income75/76B€55€2k▲
Recurring financial income75€55€2k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€59k€32k▼
Income taxes67/77€20k€11k▼
Profit (loss) for the period9904€39k€21k▼
Profit (loss) for the period to be appropriated9905€39k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€25k▼
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer from equity791/2-€31k
Transfer to equity691/2€39k€21k▼
To other reserves6921€39k€21k▼
Profit to be distributed694/7-€31k
Return on contributions (dividend)694-€31k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | €13k | €12k | €12k | ▼ 0.1% |
| Other operating charges640/8 | - | €5k | €1k | €805 | €1k | ▲ 29.7% |
| Gross operating margin9900 | €59k | €54k | €53k | €75k | €47k | ▼ 36.9% |
| Operating profit (loss)9901 | €50k | €37k | €39k | €62k | €34k | ▼ 44.9% |
| Financial income75/76B | - | €216 | €0 | €55 | €2k | ▲ 3,647% |
| Recurring financial income75 | - | €216 | €0 | €55 | €2k | ▲ 3,647% |
| Financial charges65/66B | - | €2k | €2k | €3k | €4k | ▲ 29.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | €4k | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | €48k | €35k | €36k | €59k | €32k | ▼ 45.3% |
| Income taxes67/77 | €16k | €12k | €13k | €20k | €11k | ▼ 43.6% |
| Profit (loss) for the period9904 | €32k | €23k | €24k | €39k | €21k | ▼ 46.2% |
| Profit (loss) for the period to be appropriated9905 | €32k | €23k | €24k | €39k | €21k | ▼ 46.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345k | €357k | €288k | €317k | €321k | ▲ 1.2% |
| Fixed assets21/28 | €33k | €50k | €37k | €25k | €13k | ▼ 46.1% |
| Tangible fixed assets22/27 | €33k | €50k | €37k | €25k | €13k | ▼ 46.1% |
| Land and buildings22 | - | €21k | €14k | €8k | €2k | ▼ 73.8% |
| Plant, machinery and equipment23 | - | €6k | €5k | €5k | €5k | = |
| Furniture and vehicles24 | - | €24k | €18k | €12k | €7k | ▼ 44.9% |
| Current assets29/58 | €312k | €307k | €250k | €292k | €307k | ▲ 5.2% |
| Amounts receivable within one year40/41 | €21k | €18k | €14k | €12k | €14k | ▲ 15.3% |
| Trade receivables40 | - | €13k | €9k | €11k | €7k | ▼ 35.7% |
| Other amounts receivable41 | - | €5k | €4k | €2k | €8k | ▲ 314% |
| Cash at bank and in hand54/58 | €291k | €289k | €236k | €279k | €291k | ▲ 4.4% |
| Deferred charges and accrued income490/1 | - | €157 | €1k | €531 | €1k | ▲ 182% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345k | €357k | €288k | €317k | €321k | ▲ 1.2% |
| Equity10/15 | €261k | €183k | €186k | €225k | €215k | ▼ 4.4% |
| Contributions10/11 | - | €54k | €54k | €54k | €54k | = |
| Reserves13 | €204k | €125k | €127k | €166k | €156k | ▼ 6.0% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €125k | €127k | €166k | €156k | ▼ 6.0% |
| Profit (loss) carried forward14 | €3k | €3k | €4k | €4k | €4k | = |
| Provisions and deferred taxes16 | €12k | €12k | €12k | €12k | €12k | = |
| Provisions for liabilities and charges160/5 | - | €12k | €12k | €12k | €12k | = |
| Major repairs and maintenance162 | - | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €73k | €162k | €90k | €80k | €94k | ▲ 17.1% |
| Amounts payable after more than one year17 | €51k | €51k | €51k | €51k | €51k | = |
| Financial debts170/4 | - | €51k | €51k | €51k | €51k | = |
| Amounts payable within one year42/48 | €18k | €111k | €39k | €30k | €43k | ▲ 46.5% |
| Trade debts44 | €1k | €3k | €6k | €2k | €3k | ▲ 24.7% |
| Suppliers440/4 | - | €3k | €6k | €2k | €3k | ▲ 24.7% |
| Taxes, remuneration and social security45 | - | €4k | €1k | €10k | €1k | ▼ 88.5% |
| Taxes450/3 | - | €4k | €1k | €10k | €1k | ▼ 88.5% |
| Other amounts payable47/48 | - | €103k | €31k | €17k | €39k | ▲ 127% |
| Accrued charges and deferred income492/3 | - | €767 | €767 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €23k | €24k | €39k | €21k | ▼ 46.2% |
| + Depreciation and write-downs630 | €7k | €12k | €13k | €12k | €12k | ▼ 0.1% |
| Operating cash flow (approximation) | €40k | €36k | €37k | €51k | €33k | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | €-29k | €0 | €0 | €-503 | - |
| Change in cash | - | €-2k | €-53k | €43k | €12k | ▼ 71.3% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €39k ▲63.3%
Operating result €62k, net result €39k, both a record.
31-12
Financial
Equity above €200kEq €225k ▲21%
6 profitable years in a row build equity to €225k.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 6.49
Current ratio from 2.77 to 6.49; short-term debt falls from €111k to €39k.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet €15k ▼52.7%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2010
Ground area
117 m²
Building footprint
117 m²
Volume, LiDAR
1,089 m³
Parcel 21614H0006/00A018, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CECO
since 20102.189.406.004
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0006/00A018 | Brussels | 117 m² | 1 · 117 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,143 companies in sector 71209 we hold annual accounts for 1,085. 799 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
Founded20-05-2010
Fiscal year end31-12
Abbreviation FR
CECO
Activities, NACEBEL 2025
71209Other technical testing and analysis
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68203Renting and operating of own or leased non-residential real estate, excluding land
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.