Constructive Recruitment
ActiveSummary
Constructive Recruitment has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92,193 and a net result of €38,262. Equity is growing by ~49.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-9
Solvency65▼-35
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 5.52 in 2024; short-term debt: 59.9% and cash: 14.1% of total assets), but 59.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.1%
Return on assets
16.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
35 d late
2024
29 d late
2023
56 d late
2022
45 d late
2021
82 d late
2020
138 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€92,193▼ 34.9%
2024 · €141,531
Total assets
€229,940▲ 35.2%
2024 · €170,102
Net result
€38,262▼ 8.0%
2024 · €41,601
Working capital
€80,789▼ 37.5%
2024 · €129,259
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,872€38,597▲ 43.6%€49,868▲ 29.2%€51,693▲ 3.7%€45,246▼ 12.5%
Net result€21,860within the sector's middle half€25,159within the sector's middle half▲ 15.1%€40,825within the sector's middle half▲ 62.3%€41,601within the sector's middle half▲ 1.9%€38,262within the sector's middle half▼ 8.0%
Equity€35,545within the sector's middle half▲ 145%€59,104within the sector's middle half▲ 66.3%€99,930within the sector's middle half▲ 69.1%€141,531above the sector's middle half▲ 41.6%€92,193within the sector's middle half▼ 34.9%
Total assets€49,824below the sector's middle half▲ 37.8%€85,780within the sector's middle half▲ 72.2%€125,751within the sector's middle half▲ 46.6%€170,102within the sector's middle half▲ 35.3%€229,940within the sector's middle half▲ 35.2%
Debt€14,278▼ 34.1%€26,676▲ 86.8%€25,822▼ 3.2%€28,571▲ 10.6%€137,747▲ 382%
Working capital€35,545▲ 145%€36,602▲ 3.0%€83,587▲ 128%€129,259▲ 54.6%€80,789▼ 37.5%
Solvency71.3%within the sector's middle half▲ 31.3pp68.9%within the sector's middle half▼ 2.4pp79.5%above the sector's middle half▲ 10.6pp83.2%above the sector's middle half▲ 3.7pp40.1%within the sector's middle half▼ 43.1pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229,940
Fixed assets
€11,404 ▼ 7.1%
Current assets
€218,535 ▲ 38.5%
Equity and liabilities €229,940
Equity
€92,193 ▼ 34.9%
Debt
€137,747 ▲ 382%
Debt's share of the balance-sheet total rises from 16.8% to 59.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54,184▼
2024 · €58,693
Cash flow
€47,201▼
2024 · €48,601
Current ratio
1.59▼
2024 · 5.52
Debt to equity
1.49▲
2024 · 0.20
ROE
41.5%▲
2024 · 29.4%
ROA
16.6%▼
2024 · 24.5%
Interest coverage
224.76▼
2024 · 779.04
Debt ≤ 1 year
€137,747▲
2024 · €28,571
Income taxes
€12,449▼
2024 · €13,701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,330 | €6,506 | €7,000 | €8,938 | ▲ 27.7% |
| Other operating charges640/8 | €300 | €1,182 | €792 | €812 | €1,047 | ▲ 29.0% |
| Gross operating margin9900 | €27,172 | €43,109 | €57,167 | €59,504 | €55,231 | ▼ 7.2% |
| Operating profit (loss)9901 | €26,872 | €38,597 | €49,868 | €51,693 | €45,246 | ▼ 12.5% |
| Financial income75/76B | €683 | €1,468 | €3,013 | €3,685 | €5,707 | ▲ 54.9% |
| Recurring financial income75 | €683 | €1,468 | €3,013 | €3,685 | €5,707 | ▲ 54.9% |
| Financial charges65/66B | €205 | €345 | €54 | €75 | €241 | ▲ 220% |
| Recurring financial charges65 | €205 | €345 | €54 | €75 | €241 | ▲ 220% |
| Profit (loss) for the period before taxes9903 | €27,351 | €39,720 | €52,827 | €55,302 | €50,711 | ▼ 8.3% |
| Income taxes67/77 | €5,491 | €14,562 | €12,002 | €13,701 | €12,449 | ▼ 9.1% |
| Profit (loss) for the period9904 | €21,860 | €25,159 | €40,825 | €41,601 | €38,262 | ▼ 8.0% |
| Profit (loss) for the period to be appropriated9905 | €21,860 | €25,159 | €40,825 | €41,601 | €38,262 | ▼ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,824 | €85,780 | €125,751 | €170,102 | €229,940 | ▲ 35.2% |
| Fixed assets21/28 | - | €22,502 | €16,343 | €12,272 | €11,404 | ▼ 7.1% |
| Tangible fixed assets22/27 | - | €22,502 | €16,343 | €12,272 | €11,404 | ▼ 7.1% |
| Furniture and vehicles24 | - | €22,502 | €16,343 | €12,272 | €11,404 | ▼ 7.1% |
| Current assets29/58 | €49,824 | €63,278 | €109,408 | €157,830 | €218,535 | ▲ 38.5% |
| Amounts receivable after more than one year29 | €12,400 | €12,400 | €36,000 | €57,500 | €83,000 | ▲ 44.3% |
| Other amounts receivable291 | €12,400 | €12,400 | €36,000 | €57,500 | €83,000 | ▲ 44.3% |
| Amounts receivable within one year40/41 | €3,737 | €28,921 | €29,769 | €48,649 | €82,826 | ▲ 70.3% |
| Trade receivables40 | - | - | - | €10,890 | €8,250 | ▼ 24.2% |
| Other amounts receivable41 | €3,737 | €28,921 | €29,769 | €37,759 | €74,576 | ▲ 97.5% |
| Current investments50/53 | - | - | €10,458 | €19,482 | €19,482 | = |
| Cash at bank and in hand54/58 | €33,686 | €21,957 | €33,182 | €30,912 | €32,360 | ▲ 4.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,287 | €867 | ▼ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,824 | €85,780 | €125,751 | €170,102 | €229,940 | ▲ 35.2% |
| Equity10/15 | €35,545 | €59,104 | €99,930 | €141,531 | €92,193 | ▼ 34.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €29,345 | €52,904 | €93,730 | €135,331 | €73,593 | ▼ 45.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €27,485 | €51,044 | €91,870 | €133,471 | €71,733 | ▼ 46.3% |
| Amounts payable17/49 | €14,278 | €26,676 | €25,822 | €28,571 | €137,747 | ▲ 382% |
| Amounts payable within one year42/48 | €14,278 | €26,676 | €25,822 | €28,571 | €137,747 | ▲ 382% |
| Trade debts44 | €1,083 | €1,771 | €2,794 | €1,249 | €2,997 | ▲ 140% |
| Suppliers440/4 | €1,083 | €1,771 | €2,794 | €1,249 | €2,997 | ▲ 140% |
| Taxes, remuneration and social security45 | €12,329 | €23,306 | €23,027 | €27,322 | €34,750 | ▲ 27.2% |
| Taxes450/3 | €12,329 | €23,306 | €23,027 | €27,322 | €34,750 | ▲ 27.2% |
| Other amounts payable47/48 | €867 | €1,600 | - | - | €100,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,860 | €25,159 | €40,825 | €41,601 | €38,262 | ▼ 8.0% |
| + Depreciation and write-downs630 | - | €3,330 | €6,506 | €7,000 | €8,938 | ▲ 27.7% |
| Operating cash flow (approximation) | €21,860 | €28,488 | €47,332 | €48,601 | €47,201 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | - | -€347 | -€2,929 | -€8,071 | ▼ 176% |
| Change in cash | - | -€11,729 | €11,224 | -€2,269 | €1,448 | ▲ 164% |
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
Next filing, fiscal year 2026, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €41,601 ▲1.9%
Operating result €51,693, net result €41,601, both a record.
31-12
Financial
Equity above €100,000Eq €141,531 ▲41.6%
4 profitable years in a row build equity to €141,531.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Back to profitnet €21,860
Net result €21,860 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.49
Current ratio from 1.67 to 3.49; short-term debt falls from €21,661 to €14,278.
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
2020
31-12
Financial
Weakest financial yearnet -€5,881
Net result drops to -€5,881, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2016
Ground area
227 m²
Building footprint
105 m²
Volume, LiDAR
1,364 m³
Parcel 11806F1463/00B011, Flanders · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CONSTRUCTIVE RECRUITMENT
since 20162.255.924.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1463/00B011 | Flanders | 227 m² | 1 · 105 m² | 19.8 m · 5 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 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,094 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 (pre-2019)
Founded27-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659940092
Also
9925:BE0659940092
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.