Equity
€117,214 ▲ 1.0%
CONSTRUCTION has made a profit without a break since 2022.
CONSTRUCTION
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €238,651 (2013)
€13,406▼ 31.1%
lowest -€116,556 (2012)
€1,104▼ 78.5%
peak €117,214 (2025)
€117,214▲ 1.0%
€200,306▼ 22.7%
peak 1.3 FTE (2007)
-not published
Board1 name since 2017
1 directorVan de Velde Erik
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Gross margin from €19,458 to €13,406Result from €5,141 to €1,104Debts from €259,218 to €200,306Cash from €15 to €21
Key points
from the 2025 annual accountsChecked score
68
Healthy
Financially stronger than 29% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.7%▼ -0.1 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.14, cash €21
lowers risk
Founded in 1995
Size: total assets €317,520
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, micro). It does better than 44% of them on solvency, 14% on liquidity, 19% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 17,041 companies had the same profile as CONSTRUCTION has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONSTRUCTION itself: 0.7% within 12 months.
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.
| 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 17,041 companies, not a prediction for CONSTRUCTION. 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 €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (1.1 in 2024), below the usual 1.5. Short-term debt is 63.1% and cash 0% of total assets. 63.1% 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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
39 days early
2023
27 days late
2022
4 days early
2021
2 days early
2020
89 days late
2019
30 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 10 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 27 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454311178
First establishment
Dobbelhoefseweg 3, Schilde
Incorporation
published on 16-02-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONSTRUCTION Schilde | €317,520 | €13,406 | 36.9% | - |
| MTF CONSTRUCT Woluwe-Saint-Pierre | €302,179 | €14,665 | 19.6% | - |
| SOLID DESIGN Woluwe-Saint-Pierre | €303,648 | €15,013 | 4.7% | - |
| ARCOM Bruges | €335,083 | €12,192 | 37.7% | 1 |
| GIOVANNI BOSCARINO Liège | €280,379 | €10,992 | 31.3% | - |
| ABRAN Temse | €335,827 | €17,072 | -55.2% | - |
| D.F. - BOUW Roosdaal | €282,626 | €15,453 | 52.6% | - |
These companies have the same main activity as CONSTRUCTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €280,000 and €336,000, founded between 1990 and 1998.
Official details
Source: KBO- Status
- Active since 26-01-1995Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.070.171.8222970 Schilde, since 06-02-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €317,520▼ 15.4%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on CONSTRUCTION
CONSTRUCTION files the abbreviated format. That format states no turnover. The gross margin fell from €96,918 in 2006 to €13,406 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CONSTRUCTION
- What is the company number of CONSTRUCTION?
- The company number of CONSTRUCTION is 0454.311.178. The VAT number is the same number with BE in front: BE 0454.311.178.
- Where is CONSTRUCTION based?
- The registered office is at Dobbelhoefseweg 3, 2970 Schilde.Company details
- What does CONSTRUCTION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CONSTRUCTION?
- CONSTRUCTION is a public limited company (NV).
- When was CONSTRUCTION founded?
- CONSTRUCTION was founded on 26-01-1995.
- Is CONSTRUCTION still active?
- Yes, CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of CONSTRUCTION?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €13,406 and 75 comparable companies (NACE 41001). It probably lies between €79,000 and €320,000. It is a rough estimate.Financials
- Is CONSTRUCTION profitable?
- In financial year 2025, CONSTRUCTION made a profit of €1,104.
- Where can I find the annual accounts of CONSTRUCTION?
- CONSTRUCTION filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONSTRUCTION due?
- CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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