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Equilibre & Structure

Active
Private limited companyfounded 2014active for 12 yearsRuelle Malhomme(Lat.) 1, 1370 Jodoigne, BelgiumKBO/BCE: BE 0550.569.129
Summary

Equilibre & Structure has been active since 2014 and the Belgian Official 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 about 11% per year across the filed financial years. Its solvency ranks better than 56% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00434741.

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

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result returns to profit in 2025: €4,133 after a loss of €4,602 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€4,133 2025 Net result€3,487 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€1,261-€8,688-€11,171-€2,093▲ 81.3%€26,001-€11,678-€4,602▲ 60.6%€4,133
Net result-€8,151-€7,682-€11,859below the sector's middle half-€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€14,512-€22,194▲ 52.9%€14,335below the sector's middle half▼ 35.4%€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€53,332-€58,320▲ 9.4%€43,592below the sector's middle half▼ 25.3%€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€38,820-€36,126▼ 6.9%€29,257▼ 19.0%€16,192▼ 44.7%€4,315▼ 73.4%€58,464▲ 1,255%€44,717▼ 23.5%€28,081▼ 37.2%
Working capital-€7,248-€4,424-€945below the sector's middle half-€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%
Solvency27.2%-38.1%▲ 10.8pp32.9%within the sector's middle half▼ 5.2pp39.8%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 ratio0.61-1.20▲ 0.590.95below the sector's middle half▼ 0.250.79below 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)-15.3%-13.2%▲ 28.5pp-27.2%below the sector's middle half▼ 40.4pp-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 of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
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
2025 value · change against 2024
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 observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€71,989€58,840▼
Fixed assets21/28€56,299€42,347▼
Tangible fixed assets22/27€55,799€41,847▼
Land and buildings22€12,654€12,019▼
Furniture and vehicles24€43,145€29,828▼
Financial fixed assets28€500€500=
Current assets29/58€15,690€16,493▲
Stocks and contracts in progress3€632€497▼
Stocks30/36€632€497▼
Amounts receivable within one year40/41€2,997€2,598▼
Trade receivables40€1,252€2,117▲
Other amounts receivable41€1,745€481▼
Cash at bank and in hand54/58€11,416€12,710▲
Deferred charges and accrued income490/1€645€688▲
Equity and liabilities
Total equity and liabilities10/49€71,989€58,840▼
Equity10/15€27,272€30,759▲
Contributions10/11€10,200€10,200=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€15,212€18,699▲
Amounts payable17/49€44,717€28,081▼
Amounts payable after more than one year17€8,001€2,738▼
Financial debts170/4€8,001€2,738▼
Amounts payable within one year42/48€36,716€24,529▼
Current portion of amounts payable after more than one year42€4,991€5,727▲
Trade debts44€1,628€395▼
Suppliers440/4€1,628€395▼
Taxes, remuneration and social security45€787€651▼
Taxes450/3€787€651▼
Other amounts payable47/48€29,310€17,756▼
Accrued charges and deferred income492/3-€814
Income statement Code20242025
Remuneration, social security and pensions62€1,602€2,597▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,952€13,952=
Other operating charges640/8€726€803▲
Gross operating margin9900€11,678€21,485▲
Operating profit (loss)9901-€4,602€4,133▲
Financial income75/76B-€21
Recurring financial income75-€21
Financial charges65/66B€883€667▼
Recurring financial charges65€883€667▼
Profit (loss) for the period before taxes9903-€5,485€3,487▲
Profit (loss) for the period9904-€5,485€3,487▲
Profit (loss) for the period to be appropriated9905-€5,485€3,487▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,212€18,699▲
Profit (loss) brought forward from the previous period14P€20,697€15,212▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
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€8,922€9,800€9,083€8,742€812€10,759€13,952€13,952=
Other operating charges640/8---€347€606€283€726€803▲ 10.6%
Gross operating margin9900€8,777€20,245-€1,378€7,939€27,661-€66€11,678€21,485▲ 84.0%
Operating profit (loss)9901-€1,261€8,688-€11,171-€2,093€26,001-€11,678-€4,602€4,133-
Financial income75/76B----€14€10,747-€21-
Recurring financial income75€1---€14€3-€21-
Non-recurring financial income76B-----€10,744---
Financial charges65/66B---€646€336€800€883€667▼ 24.5%
Recurring financial charges65€1,309€1,006€688€646€336€800€883€667▼ 24.5%
Profit (loss) for the period before taxes9903-€3,924€7,682-€11,859-€2,739€25,679-€1,731-€5,485€3,487-
Income taxes67/77€4,227--€900-€1,887---
Profit (loss) for the period9904-€8,151€7,682-€11,859-€3,639€25,679-€3,618-€5,485€3,487-
Profit (loss) for the period to be appropriated9905-€8,151€7,682-€11,859-€3,639€25,679-€3,618-€5,485€3,487-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€53,332€58,320€43,592€26,888€40,690€91,221€71,989€58,840▼ 18.3%
Fixed assets21/28€41,900€32,100€23,977€15,234€14,424€70,251€56,299€42,347▼ 24.8%
Tangible fixed assets22/27€41,361€31,561€23,477€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€539€539€500€500€500€500€500€500=
Current assets29/58€11,432€26,220€19,615€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€3,447€11,507€889€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€7,306€13,953€8,458€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€53,332€58,320€43,592€26,888€40,690€91,221€71,989€58,840▼ 18.3%
Equity10/15€14,512€22,194€14,335€10,696€36,375€32,757€27,272€30,759▲ 12.8%
Contributions10/11€6,200€6,200€10,200€10,200€10,200€10,200€10,200€10,200=
Reserves13€1,860€1,860€1,860€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€6,452€14,134€2,275-€1,364€24,315€20,697€15,212€18,699▲ 22.9%
Amounts payable17/49€38,820€36,126€29,257€16,192€4,315€58,464€44,717€28,081▼ 37.2%
Amounts payable after more than one year17€20,140€14,330€8,342€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€18,680€21,796€20,560€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€516€10,138€9,898€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-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€8,151€7,682-€11,859-€3,639€25,679-€3,618-€5,485€3,487-
+ Depreciation and write-downs630€8,922€9,800€9,083€8,742€812€10,759€13,952€13,952=
Operating cash flow (approximation)€771€17,482-€2,776€5,103€26,491€7,141€8,467€17,439▲ 106%
Investment in fixed assets (approximation)-€0-€960€1-€2-€66,586€0€0-
Change in cash-------€2,008€1,294-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 27-08-2026 2026-00434741
31-12-2024 micro format 25-06-2025 2025-00175547
31-12-2023 micro format 30-08-2024 2024-00426728
31-12-2022 micro format 21-08-2023 2023-00341014
31-12-2021 micro format 22-06-2022 2022-20081387
31-12-2020 micro format 30-08-2021 2021-59900187
31-12-2019 micro format 24-09-2020 2020-55900123
31-12-2018 micro format 14-08-2019 2019-46600072
31-12-2017 micro format 24-08-2018 2018-50100227
31-12-2016 full format 30-08-2017 2017-53600274

Show all 11 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.