Construma
ActiveSummary
Construma has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €94,496. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency95▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 4.02 against 3.14 in 2024; short-term debt: 24.2% and cash: 62.2% of total assets), and 30.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
69.9%
Return on assets
3.5%
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 31-08-2026, 31 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
31 d late
2024
55 d late
2023
28 d late
2022
31 d late
2021
13 d early
2020
19 d early
2019
25 d early
← 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 13 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94,496▼ 46.2%
2024 · €175,781
Working capital
€2.0m▲ 4.3%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,715▲ 3.6%€153,321▲ 99.9%€147,366▼ 3.9%€247,783▲ 68.1%€124,683▼ 49.7%
Net result€50,899▼ 15.2%€99,951▲ 96.4%€92,749▼ 7.2%€175,781▲ 89.5%€94,496▼ 46.2%
Equity€1.5m▲ 3.6%€1.5m▲ 3.9%€1.6m▲ 5.2%€1.8m▲ 9.8%€1.9m▲ 5.3%
Total assets€3.1m▲ 13.5%€2.9m▼ 5.5%€3.1m▲ 6.7%€2.8m▼ 9.2%€2.7m▼ 4.8%
Debt€1.4m▲ 28.1%€1.2m▼ 15.7%€1.3m▲ 9.4%€878,568▼ 33.7%€649,728▼ 26.0%
Working capital€1.6m▼ 4.1%€1.7m▲ 1.1%€1.7m▲ 3.5%€1.9m▲ 9.9%€2.0m▲ 4.3%
Staff (FTE)2.7▼ 3.6%2.7=3.3▲ 22.2%2.7▼ 18.2%2.4▼ 11.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€71,592 ▲ 23.0%
Current assets
€2.6m ▼ 5.4%
Equity and liabilities €2.7m
Equity
€1.9m ▲ 5.3%
Provisions
€158,448 =
Debt
€649,728 ▼ 26.0%
Debt's share of the balance-sheet total falls from 31.2% to 24.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€136,942▼
2024 · €259,439
Cash flow
€106,754▼
2024 · €187,436
Current ratio
4.02▲
2024 · 3.14
Quick ratio
3.19▲
2024 · 2.47
Debt to equity
0.35▼
2024 · 0.49
ROE
5.0%▼
2024 · 9.9%
ROA
3.5%▼
2024 · 6.2%
Interest coverage
34.57▼
2024 · 70.94
Debt ≤ 1 year
€649,728▼
2024 · €878,568
Income taxes
€40,114▼
2024 · €84,203
Staff costs
€120,345▼
2024 · €136,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €85,879 | €99,095 | €157,495 | €136,358 | €120,345 | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,476 | €12,604 | €11,894 | €11,655 | €12,258 | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €32,301 | €0 | - | - |
| Other operating charges640/8 | €16,696 | €17,987 | €19,637 | €20,412 | €21,062 | ▲ 3.2% |
| Non-recurring operating charges66A | €1,363 | €6,159 | €874 | €88 | €33,103 | ▲ 37,654% |
| Gross operating margin9900 | €190,128 | €289,166 | €369,567 | €416,296 | €311,452 | ▼ 25.2% |
| Operating profit (loss)9901 | €76,715 | €153,321 | €147,366 | €247,783 | €124,683 | ▼ 49.7% |
| Financial income75/76B | €1,192 | €3,900 | €3,171 | €15,857 | €13,889 | ▼ 12.4% |
| Recurring financial income75 | €1,192 | €3,900 | €3,171 | €15,857 | €13,889 | ▼ 12.4% |
| Financial charges65/66B | €12,926 | €7,256 | €9,438 | €3,657 | €3,962 | ▲ 8.3% |
| Recurring financial charges65 | €12,926 | €7,256 | €9,438 | €3,657 | €3,962 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €64,980 | €149,966 | €141,099 | €259,984 | €134,611 | ▼ 48.2% |
| Income taxes67/77 | €14,082 | €50,015 | €48,349 | €84,203 | €40,114 | ▼ 52.4% |
| Profit (loss) for the period9904 | €50,899 | €99,951 | €92,749 | €175,781 | €94,496 | ▼ 46.2% |
| Profit (loss) for the period to be appropriated9905 | €50,899 | €99,951 | €92,749 | €175,781 | €94,496 | ▼ 46.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €2.9m | €3.1m | €2.8m | €2.7m | ▼ 4.8% |
| Fixed assets21/28 | €91,982 | €80,105 | €68,940 | €58,212 | €71,592 | ▲ 23.0% |
| Intangible fixed assets21 | €1,983 | €1,487 | €992 | €496 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €89,998 | €78,617 | €67,948 | €57,716 | €71,592 | ▲ 24.0% |
| Land and buildings22 | €2,563 | €1,908 | €1,431 | €954 | €477 | ▼ 50.0% |
| Plant, machinery and equipment23 | €87,222 | €76,709 | €66,279 | €56,578 | €56,712 | ▲ 0.2% |
| Furniture and vehicles24 | €213 | €0 | €238 | €184 | €10,696 | ▲ 5,711% |
| Other tangible fixed assets26 | - | - | - | - | €3,707 | - |
| Current assets29/58 | €3.0m | €2.8m | €3.0m | €2.8m | €2.6m | ▼ 5.4% |
| Stocks and contracts in progress3 | €2.1m | €1.7m | €1.4m | €591,638 | €542,136 | ▼ 8.4% |
| Stocks30/36 | €1.5m | €1.3m | €862,396 | €561,638 | €542,136 | ▼ 3.5% |
| Contracts in progress37 | €542,271 | €450,000 | €505,000 | €30,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €166,843 | €432,484 | €105,973 | €352,860 | €375,906 | ▲ 6.5% |
| Trade receivables40 | €149,604 | €417,224 | €57,279 | €352,860 | €349,186 | ▼ 1.0% |
| Other amounts receivable41 | €17,239 | €15,260 | €48,695 | €0 | €26,720 | - |
| Cash at bank and in hand54/58 | €719,710 | €665,505 | €1.5m | €1.8m | €1.7m | ▼ 7.3% |
| Deferred charges and accrued income490/1 | €9,823 | €11,255 | €21,342 | €14,054 | €24,275 | ▲ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €2.9m | €3.1m | €2.8m | €2.7m | ▼ 4.8% |
| Equity10/15 | €1.5m | €1.5m | €1.6m | €1.8m | €1.9m | ▲ 5.3% |
| Contributions10/11 | €356,570 | €356,570 | €356,570 | €356,570 | €356,570 | = |
| Capital10 | €356,570 | €356,570 | €356,570 | €356,570 | €356,570 | = |
| Issued capital100 | €356,570 | €356,570 | €356,570 | €356,570 | €356,570 | = |
| Reserves13 | €1.1m | €1.2m | €1.3m | €1.4m | €1.5m | ▲ 6.6% |
| Non-distributable reserves130/1 | €13,064 | €18,061 | €22,699 | €31,488 | €35,657 | ▲ 13.2% |
| Legal reserve130 | €13,064 | €18,061 | €22,699 | €31,488 | €35,657 | ▲ 13.2% |
| Distributable reserves133 | €1.1m | €1.2m | €1.2m | €1.4m | €1.5m | ▲ 6.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €158,448 | €158,448 | €158,448 | €158,448 | €158,448 | = |
| Provisions for liabilities and charges160/5 | €158,448 | €158,448 | €158,448 | €158,448 | €158,448 | = |
| Pensions and similar obligations160 | €158,448 | €158,448 | €158,448 | €158,448 | €158,448 | = |
| Amounts payable17/49 | €1.4m | €1.2m | €1.3m | €878,568 | €649,728 | ▼ 26.0% |
| Amounts payable after more than one year17 | €85,326 | €34,373 | €0 | - | - | - |
| Financial debts170/4 | €85,326 | €34,373 | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.4m | €1.2m | €1.3m | €878,568 | €649,728 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €51,879 | €50,952 | €34,373 | €0 | - | - |
| Trade debts44 | €155,385 | €111,556 | €392,324 | €197,105 | €107,776 | ▼ 45.3% |
| Suppliers440/4 | €155,385 | €111,556 | €392,324 | €197,105 | €107,776 | ▼ 45.3% |
| Advances received on contracts in progress46 | €1.1m | €945,144 | €850,471 | €563,237 | €530,772 | ▼ 5.8% |
| Taxes, remuneration and social security45 | €27,159 | €68,649 | €39,766 | €104,028 | €11,180 | ▼ 89.3% |
| Taxes450/3 | €14,082 | €56,872 | €23,264 | €73,839 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €13,077 | €11,777 | €16,502 | €30,189 | €11,180 | ▼ 63.0% |
| Other amounts payable47/48 | - | - | €7,500 | €14,198 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,899 | €99,951 | €92,749 | €175,781 | €94,496 | ▼ 46.2% |
| + Depreciation and write-downs630 | €9,476 | €12,604 | €11,894 | €11,655 | €12,258 | ▲ 5.2% |
| Operating cash flow (approximation) | €60,374 | €112,556 | €104,643 | €187,436 | €106,754 | ▼ 43.0% |
| Investment in fixed assets (approximation) | - | -€728 | -€729 | -€927 | -€25,639 | ▼ 2,665% |
| Change in cash | - | -€54,205 | €875,086 | €260,204 | -€131,489 | ▼ 151% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2024
31-12
Financial
Highest result since 2018net €175,781 ▲89.5%
Operating result €247,783, net result €175,781, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Harelbeke · 1 establishment unit since 1963
Ground area
729 m²
Building footprint
117 m²
Volume, LiDAR
779 m³
Parcel 34017B0804/00G006, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Tieltsestraat 26 C, 8531 Harelbeke
since 19632.006.276.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0804/00G006 | Flanders | 729 m² | 1 · 117 m² | 10.1 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
3 endedAdministratief medewerker (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
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Of 48 companies in sector 28940 we hold annual accounts for 35. 28 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
28940Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.