Construction – Development – Assistance
ActiveSummary
Construction – Development – Assistance has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.26M) and a net result of €-196k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-16
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.57 in 2023; short-term debt: 396.3% and cash: 0.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-296.3%
Return on assets
-46.2%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1.26M
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
23 d late
2022
3 d late
2021
27 d early
2020
25 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-1.26M▼ 18.5%
2023 · €-1.06M
2018: €-921k
2019: €-921k
2020: €-963k
2021: €-984k
2022: €-1.03M
2023: €-1.06M
2018 → 2024
Total assets
€424k▼ 69.6%
2023 · €1.40M
2020: €3k
2021: €14k
2022: €722k
2023: €1.40M
2020 → 2024
Net result
€-196k▼ 647%
2023 · €-26k
2018: €-359
2019: €717
2020: €-42k
2021: €-21k
2022: €-50k
2023: €-26k
2018 → 2024
Working capital
€-1.26M▼ 18.4%
2023 · €-1.06M
2020: €-963k
2021: €-984k
2022: €-1.03M
2023: €-1.06M
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-963k-€-984k▼ 2.2%€-1.03M▼ 5.1%€-1.06M▼ 2.5%€-1.26M▼ 18.5%
Operating result€-42k-€-21k▲ 50.7%€-50k▼ 139%€-26k▲ 48.2%€-196k▼ 657%
Net result€-42k-€-21k▲ 49.9%€-50k▼ 137%€-26k▲ 47.8%€-196k▼ 647%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €196k in 2024 against €26k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424k
Fixed assets
€973 ▼ 37.2%
Current assets
€423k ▼ 69.7%
Key figures and ratios
EBITDA
€-195k▼
2023 · €-26k
Cash flow
€-195k▼
2023 · €-26k
Solvency
-296.3%▼
2023 · -75.9%
Current ratio
0.25▼
2023 · 0.57
Quick ratio
0.01▼
2023 · 0.01
Debt to equity
-1.34▲
2023 · -2.32
ROA
-46.2%▼
2023 · -1.9%
Interest coverage
-456.83▼
2023 · -59.52
Debt
€1.68M▼
2023 · €2.46M
Debt ≤ 1 year
€1.68M▼
2023 · €2.46M
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.40M€424k▼
Fixed assets21/28€2k€973▼
Intangible fixed assets21€1k€715▼
Tangible fixed assets22/27€359€258▼
Furniture and vehicles24€359€258▼
Current assets29/58€1.40M€423k▼
Stocks and contracts in progress3€1.36M€408k▼
Stocks30/36€1.36M€408k▼
Amounts receivable within one year40/41€32k€13k▼
Trade receivables40€27k€8k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1-€112
Equity and liabilities
Total equity and liabilities10/49€1.40M€424k▼
Equity10/15€-1.06M€-1.26M▼
Contributions10/11€317k€317k=
Capital10-€317k
Issued capital100-€355k
Uncalled capital101-€38k
Outside capital11-€63
Share premium1100/10-€63
Profit (loss) carried forward14€-1.38M€-1.57M▼
Amounts payable17/49€2.46M€1.68M▼
Amounts payable within one year42/48€2.46M€1.68M▼
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Other amounts payable47/48€2.45M€1.67M▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339€577▲
Other operating charges640/8€1k€571▼
Gross operating margin9900€-24k€-195k▼
Operating profit (loss)9901€-26k€-196k▼
Financial income75/76B€26€147▲
Recurring financial income75€26€147▲
Financial charges65/66B€429€427▼
Recurring financial charges65€429€427▼
Profit (loss) for the period before taxes9903€-26k€-196k▼
Profit (loss) for the period9904€-26k€-196k▼
Profit (loss) for the period to be appropriated9905€-26k€-196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.38M€-1.57M▼
Profit (loss) brought forward from the previous period14P€-1.35M€-1.38M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-09
State Gazette act
Reappointments: Christian de Ghellinck d’Elseghem, Thibault de Ghellinck d’Elseghem and Bernadette De Laet4 facts ▸
State Gazette act
Reappointments: Christian de Ghellinck d’Elseghem, Thibault de Ghellinck d’Elseghem and Bernadette De Laet
4 facts ▸
- General meeting, 07-09-2026
- Director reappointment, Christian de Ghellinck d’Elseghem (managing director)
- Director reappointment, Thibault de Ghellinck d’Elseghem (director)
- Director reappointment, Bernadette De Laet (director)
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-196k
Net result drops to €-196k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €717
Net result €717 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26365077). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bernadette De Laet
CurrentDirector · since 16-04-2025
Christian de Ghellinck d’Elseghem
CurrentManaging director · since 16-04-2025
Thibault de Ghellinck d’Elseghem
CurrentDirector · since 16-04-2025
16-04-2025
Bernadette De Laet: Mandate renewed as Director
16-04-2025
Christian de Ghellinck d’Elseghem: Mandate renewed as Managing director
16-04-2025
Thibault de Ghellinck d’Elseghem: Mandate renewed as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1993
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.
Maria Malibranstraat 111-1131050 ElseneGround area
2,093 m²
Building footprint
433 m²
Volume, LiDAR
4,065 m³
Parcel 21443A0102/00Z006, Brussels · tallest building 18.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CDA
since 19932.064.177.420
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0102/00Z006 | Brussels | 2,093 m² | 1 · 433 m² | 18.5 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.
Similar companies · same sector and region
ALEKTOR
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BELLALUI
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BRABO VENTURES
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1993
Fiscal year end31-12
Abbreviation FR
CDA
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41002Construction of residential and non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.