Essentials Construct
ActiveSummary
The computed 12-month bankruptcy probability of Essentials Construct is 2.4% (moderate). The 2025 annual accounts show equity of €53,584 and a net result of €19,934. Its solvency ranks better than 46% of 7524 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency65▼-21
Growth52
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.44 in 2024; short-term debt: 19.8% and cash: 21.1% of total assets), but 60.4% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
39.6%
Return on assets
14.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
15 d early
2024
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 46 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€53,584▲ 59.2%
2024 · €33,650
Total assets
€135,301▲ 146%
2024 · €55,077
Net result
€19,934▼ 15.7%
2024 · €23,650
Working capital
€22,764▼ 26.4%
2024 · €30,909
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
Line20242025
Operating result€33,280-€29,871▼ 10.2%
Net result€23,650-€19,934▼ 15.7%
Equity€33,650-€53,584▲ 59.2%
Total assets€55,077-€135,301▲ 146%
Debt€21,427-€81,717▲ 281%
Working capital€30,909-€22,764▼ 26.4%
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 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,301
Fixed assets
€85,804 ▲ 3,030%
Current assets
€49,497 ▼ 5.4%
Equity and liabilities €135,301
Equity
€53,584 ▲ 59.2%
Debt
€81,717 ▲ 281%
Debt's share of the balance-sheet total rises from 38.9% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,928▲
2024 · €33,721
Cash flow
€27,992▲
2024 · €24,091
Current ratio
1.85▼
2024 · 2.44
Debt to equity
1.53▲
2024 · 0.64
ROE
37.2%▼
2024 · 70.3%
ROA
14.7%▼
2024 · 42.9%
Interest coverage
14.86▼
2024 · 3372131.00
Debt ≤ 1 year
€26,733▲
2024 · €21,427
Debt > 1 year
€54,984
Income taxes
€7,446▼
2024 · €9,630
Staff costs
€55▼
2024 · €3,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €3,525 | €55 | ▼ 98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €441 | €8,058 | ▲ 1,727% |
| Other operating charges640/8 | €269 | €1,473 | ▲ 447% |
| Gross operating margin9900 | €37,515 | €39,456 | ▲ 5.2% |
| Operating profit (loss)9901 | €33,280 | €29,871 | ▼ 10.2% |
| Financial income75/76B | - | €61 | - |
| Recurring financial income75 | - | €61 | - |
| Financial charges65/66B | €0 | €2,552 | ▲ 25,516,300% |
| Recurring financial charges65 | €0 | €2,552 | ▲ 25,516,300% |
| Profit (loss) for the period before taxes9903 | €33,280 | €27,380 | ▼ 17.7% |
| Income taxes67/77 | €9,630 | €7,446 | ▼ 22.7% |
| Profit (loss) for the period9904 | €23,650 | €19,934 | ▼ 15.7% |
| Profit (loss) for the period to be appropriated9905 | €23,650 | €19,934 | ▼ 15.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,077 | €135,301 | ▲ 146% |
| Fixed assets21/28 | €2,741 | €85,804 | ▲ 3,030% |
| Tangible fixed assets22/27 | €2,741 | €85,804 | ▲ 3,030% |
| Plant, machinery and equipment23 | €2,741 | €2,105 | ▼ 23.2% |
| Furniture and vehicles24 | - | €41,962 | - |
| Leasing and similar rights25 | - | €41,737 | - |
| Current assets29/58 | €52,336 | €49,497 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €18,580 | €20,892 | ▲ 12.4% |
| Trade receivables40 | €16,998 | €17,088 | ▲ 0.5% |
| Other amounts receivable41 | €1,582 | €3,803 | ▲ 140% |
| Cash at bank and in hand54/58 | €32,833 | €28,605 | ▼ 12.9% |
| Deferred charges and accrued income490/1 | €923 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,077 | €135,301 | ▲ 146% |
| Equity10/15 | €33,650 | €53,584 | ▲ 59.2% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €23,500 | €43,434 | ▲ 84.8% |
| Distributable reserves133 | €23,500 | €43,434 | ▲ 84.8% |
| Profit (loss) carried forward14 | €150 | €150 | = |
| Amounts payable17/49 | €21,427 | €81,717 | ▲ 281% |
| Amounts payable after more than one year17 | - | €54,984 | - |
| Financial debts170/4 | - | €54,984 | - |
| Amounts payable within one year42/48 | €21,427 | €26,733 | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | €14,429 | - |
| Trade debts44 | €1,344 | - | - |
| Suppliers440/4 | €1,344 | - | - |
| Taxes, remuneration and social security45 | €11,047 | €9,435 | ▼ 14.6% |
| Taxes450/3 | €11,047 | €7,435 | ▼ 32.7% |
| Remuneration and social security454/9 | - | €2,000 | - |
| Other amounts payable47/48 | €9,036 | €2,869 | ▼ 68.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,650 | €19,934 | ▼ 15.7% |
| + Depreciation and write-downs630 | €441 | €8,058 | ▲ 1,727% |
| Operating cash flow (approximation) | €24,091 | €27,992 | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | -€91,120 | - |
| Change in cash | - | -€4,228 | - |
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
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ingelmunster · 1 establishment unit since 2023
Ground area
593 m²
Building footprint
150 m²
Volume, LiDAR
909 m³
Parcel 36007C0017/00X002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Essentials Construct
since 20232.347.474.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0017/00X002 | Flanders | 593 m² | 1 · 150 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 69 EUR awarded · 323 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 69 EUR | 69 EUR |
| 2023 | 1 | 0 EUR | 254 EUR |
Similar companies · same sector, comparable size
Mendi Construct
BE 1009.235.609
Oosterzele · Eq €53,579
METSEL-, BETON- EN RENOVATIEWERKEN
BE 0477.397.673
Wuustwezel · Eq €53,496
K&K Groep
BE 0635.827.080
Edegem · Eq €53,772
GEZTECH
BE 0802.165.254
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MAKIETIE
BE 0435.682.230
Balen · Eq €54,317
Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 705 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
Founded04-07-2023
Fiscal year end30-06
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
41001General construction of residential buildings
43240Other construction installation
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.