Equilibre & Structure
ActiveSummary
Equilibre & Structure has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,759 and a net result of €3,487. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+17
Solvency77▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.43 in 2024; short-term debt: 41.7% and cash: 21.6% of total assets), and 47.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
52.3%
Return on assets
5.9%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
36 d early
2023
30 d late
2022
21 d late
2021
39 d early
2020
30 d late
2019
55 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 13 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 21 August (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€30,759▲ 12.8%
2024 · €27,272
Total assets
€58,840▼ 18.3%
2024 · €71,989
Net result
€3,487
2024 · -€5,485
Working capital
-€8,036▲ 61.8%
2024 · -€21,026
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€2,093▲ 81.3%€26,001-€11,678-€4,602▲ 60.6%€4,133
Net result-€3,639below the sector's middle half▲ 69.3%€25,679within the sector's middle half-€3,618below the sector's middle half-€5,485below the sector's middle half▼ 51.6%€3,487within the sector's middle half
Equity€10,696below the sector's middle half▼ 25.4%€36,375within the sector's middle half▲ 240%€32,757within the sector's middle half▼ 9.9%€27,272within the sector's middle half▼ 16.7%€30,759within the sector's middle half▲ 12.8%
Total assets€26,888below the sector's middle half▼ 38.3%€40,690below the sector's middle half▲ 51.3%€91,221within the sector's middle half▲ 124%€71,989within the sector's middle half▼ 21.1%€58,840below the sector's middle half▼ 18.3%
Debt€16,192▼ 44.7%€4,315▼ 73.4%€58,464▲ 1,255%€44,717▼ 23.5%€28,081▼ 37.2%
Working capital-€3,178below the sector's middle half▼ 236%€22,586within the sector's middle half-€23,826below the sector's middle half-€21,026below the sector's middle half▲ 11.8%-€8,036below the sector's middle half▲ 61.8%
Solvency39.8%within the sector's middle half▲ 6.9pp89.4%above the sector's middle half▲ 49.6pp35.9%within the sector's middle half▼ 53.5pp37.9%within the sector's middle half▲ 2.0pp52.3%within the sector's middle half▲ 14.4pp
Current ratio0.79below the sector's middle half▼ 0.177.14above the sector's middle half▲ 6.350.47below the sector's middle half▼ 6.670.43below the sector's middle half▼ 0.040.67below the sector's middle half▲ 0.25
Return on assets (ROA)-13.5%below the sector's middle half▲ 13.7pp63.1%above the sector's middle half▲ 76.6pp-4.0%below the sector's middle half▼ 67.1pp-7.6%below the sector's middle half▼ 3.7pp5.9%within the sector's middle half▲ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 returns to profit in 2025: €4,133 after a loss of €4,602 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,840
Fixed assets
€42,347 ▼ 24.8%
Current assets
€16,493 ▲ 5.1%
Equity and liabilities €58,840
Equity
€30,759 ▲ 12.8%
Debt
€28,081 ▼ 37.2%
Debt's share of the balance-sheet total falls from 62.1% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,085▲
2024 · €9,350
Cash flow
€17,439▲
2024 · €8,467
Quick ratio
0.65▲
2024 · 0.41
Debt to equity
0.91▼
2024 · 1.64
ROE
11.3%▲
2024 · -20.1%
Interest coverage
27.11▲
2024 · 10.59
Debt ≤ 1 year
€24,529▼
2024 · €36,716
Debt > 1 year
€2,738▼
2024 · €8,001
Staff costs
€2,597▲
2024 · €1,602
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 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
3.8%
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 higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €943 | €242 | €570 | €1,602 | €2,597 | ▲ 62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,742 | €812 | €10,759 | €13,952 | €13,952 | = |
| Other operating charges640/8 | €347 | €606 | €283 | €726 | €803 | ▲ 10.6% |
| Gross operating margin9900 | €7,939 | €27,661 | -€66 | €11,678 | €21,485 | ▲ 84.0% |
| Operating profit (loss)9901 | -€2,093 | €26,001 | -€11,678 | -€4,602 | €4,133 | ▲ 190% |
| Financial income75/76B | - | €14 | €10,747 | - | €21 | - |
| Recurring financial income75 | - | €14 | €3 | - | €21 | - |
| Non-recurring financial income76B | - | - | €10,744 | - | - | - |
| Financial charges65/66B | €646 | €336 | €800 | €883 | €667 | ▼ 24.5% |
| Recurring financial charges65 | €646 | €336 | €800 | €883 | €667 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | -€2,739 | €25,679 | -€1,731 | -€5,485 | €3,487 | ▲ 164% |
| Income taxes67/77 | €900 | - | €1,887 | - | - | - |
| Profit (loss) for the period9904 | -€3,639 | €25,679 | -€3,618 | -€5,485 | €3,487 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | -€3,639 | €25,679 | -€3,618 | -€5,485 | €3,487 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,888 | €40,690 | €91,221 | €71,989 | €58,840 | ▼ 18.3% |
| Fixed assets21/28 | €15,234 | €14,424 | €70,251 | €56,299 | €42,347 | ▼ 24.8% |
| Tangible fixed assets22/27 | €14,734 | €13,924 | €69,751 | €55,799 | €41,847 | ▼ 25.0% |
| Land and buildings22 | €14,558 | €13,924 | €13,289 | €12,654 | €12,019 | ▼ 5.0% |
| Plant, machinery and equipment23 | €176 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €56,462 | €43,145 | €29,828 | ▼ 30.9% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €11,654 | €26,266 | €20,970 | €15,690 | €16,493 | ▲ 5.1% |
| Stocks and contracts in progress3 | €1,673 | €2,896 | €657 | €632 | €497 | ▼ 21.4% |
| Stocks30/36 | €1,673 | €2,896 | €657 | €632 | €497 | ▼ 21.4% |
| Amounts receivable within one year40/41 | €65 | €6,195 | €6,285 | €2,997 | €2,598 | ▼ 13.3% |
| Trade receivables40 | €65 | €2,221 | €4,342 | €1,252 | €2,117 | ▲ 69.1% |
| Other amounts receivable41 | - | €3,974 | €1,943 | €1,745 | €481 | ▼ 72.4% |
| Current investments50/53 | €6,600 | €16,386 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €13,424 | €11,416 | €12,710 | ▲ 11.3% |
| Deferred charges and accrued income490/1 | €3,316 | €789 | €604 | €645 | €688 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,888 | €40,690 | €91,221 | €71,989 | €58,840 | ▼ 18.3% |
| Equity10/15 | €10,696 | €36,375 | €32,757 | €27,272 | €30,759 | ▲ 12.8% |
| Contributions10/11 | €10,200 | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | -€1,364 | €24,315 | €20,697 | €15,212 | €18,699 | ▲ 22.9% |
| Amounts payable17/49 | €16,192 | €4,315 | €58,464 | €44,717 | €28,081 | ▼ 37.2% |
| Amounts payable after more than one year17 | €1,038 | - | €12,993 | €8,001 | €2,738 | ▼ 65.8% |
| Financial debts170/4 | €1,038 | - | €12,993 | €8,001 | €2,738 | ▼ 65.8% |
| Amounts payable within one year42/48 | €14,832 | €3,680 | €44,796 | €36,716 | €24,529 | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | €7,304 | €1,038 | €4,733 | €4,991 | €5,727 | ▲ 14.7% |
| Trade debts44 | €2,783 | €1,942 | €3,851 | €1,628 | €395 | ▼ 75.7% |
| Suppliers440/4 | €2,783 | €1,942 | €3,851 | €1,628 | €395 | ▼ 75.7% |
| Taxes, remuneration and social security45 | €4,295 | €700 | €2,386 | €787 | €651 | ▼ 17.3% |
| Taxes450/3 | €1,900 | €700 | €736 | €787 | €651 | ▼ 17.3% |
| Remuneration and social security454/9 | €2,395 | - | €1,650 | - | - | - |
| Other amounts payable47/48 | €450 | - | €33,826 | €29,310 | €17,756 | ▼ 39.4% |
| Accrued charges and deferred income492/3 | €322 | €635 | €675 | - | €814 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,639 | €25,679 | -€3,618 | -€5,485 | €3,487 | ▲ 164% |
| + Depreciation and write-downs630 | €8,742 | €812 | €10,759 | €13,952 | €13,952 | = |
| Operating cash flow (approximation) | €5,103 | €26,491 | €7,141 | €8,467 | €17,439 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€2 | -€66,586 | €0 | €0 | - |
| Change in cash | - | - | - | -€2,008 | €1,294 | ▲ 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €3,487
Net result €3,487 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €25,679
Net result €25,679 after 2 loss-making years.
31-12
Financial
Liquidity times 9current ratio 7.14
Current ratio from 0.79 to 7.14; short-term debt falls from €14,832 to €3,680.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€11,859
Net result drops to -€11,859, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Back to profitnet €7,682
Net result €7,682 after one loss-making year.
Show earlier events
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jodoigne · 1 establishment unit since 2014
Ground area
7,649 m²
Building footprint
121 m²
Volume, LiDAR
1,170 m³
Parcel 25052B0037/00C000, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
B.R. Concept
since 20142.229.682.184
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25052B0037/00C000 | Wallonia | 7,649 m² | 1 · 121 m² | 12.7 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 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,833 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
Founded11-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
bouillonraphael@live.frJodoigne
Phone
0475/807795Jodoigne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550569129
Also
9925:BE0550569129
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.