Turnover
≈ €270,000 estimated
The micro format states no turnover.
Essentials Construct
Lifetime
2 annual accounts with figures on one time axispeak €39,456 (2025)
€39,456▲ 5.2%
peak €23,650 (2024)
€19,934▼ 15.7%
peak €53,584 (2025)
€53,584▲ 59.2%
€81,717▲ 281%
Board1 name since 2023
1 directorVERSTRAETE Ben Marleen Valère
Documentsfilings and deeds
16-01-202615 days before the deadline
2025micro format
Equity from €33,650 to €53,584Debts from €21,427 to €81,717Investments €91,120
Key points
from the 2025 annual accountsInvestments
€91,120 11.3 × depreciation
Green is investment, beige is depreciation.
Starting capital
€10,000 1,000 shares
Checked score
55
Fair
Financially stronger than 69% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.1 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.8%▲ +0.1 percentage points vs 12-2025
02-2026: 1.8%▲ +1.0 percentage point vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 1.8%● unchanged vs 07-2026
09-2026: 1.8%● unchanged vs 08-2026
10-2026: 2.0%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €135,301
lowers risk
Liquidity: current ratio 1.85, cash €28,605
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 47% of them on solvency, 75% on liquidity, 71% on profitability and 82% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Essentials Construct has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Essentials Construct itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Essentials Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.85 (2.44 in 2024), above the usual 1.5. Short-term debt is 19.8% and cash 21.1% of total assets. However, 60.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
77 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 46 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803547010
First establishment
Europastraat 8, Ingelmunster
Incorporation
Founding capital of €10,000, 1,000 shares · Founder: VERSTRAETE Ben Marleen Valère · Appointment: VERSTRAETE Ben Marleen Valère (director) · published on 06-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Essentials Construct Ingelmunster | €135,301 | €39,456 | 39.6% | - |
| GW-SERVICE Grobbendonk | €148,181 | €39,412 | 41.9% | - |
| Sorento Construct Olen | €113,477 | €41,009 | 19.4% | - |
| KOP BUILD Sint-Pieters-Leeuw | €149,097 | €41,778 | 48.2% | - |
| HAESAERT NIELS Lievegem | €120,049 | €37,482 | 68.7% | - |
| DELAERE JOHAN Bredene | €104,908 | €24,954 | 28.4% | - |
| VISTAPLAN PROJECTS Bruges | €74,567 | €38,225 | 93.0% | - |
These companies have the same main activity as Essentials Construct: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €74,600 and €149,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 04-07-2023Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.347.474.0368770 Ingelmunster, since 07-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 12-02-2025
Annual accounts to 30-06-2025
- €135,301▲ 146%
- Filing
- Filed on 16-01-2026, 15 days before the end of the filing period
Insights on Essentials Construct
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Essentials Construct
- What is the company number of Essentials Construct?
- The company number of Essentials Construct is 0803.547.010. The VAT number is the same number with BE in front: BE 0803.547.010.
- Where is Essentials Construct based?
- The registered office is at Europastraat 8, 8770 Ingelmunster.Company details
- What does Essentials Construct do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of Essentials Construct?
- Essentials Construct is a private limited company (BV).
- When was Essentials Construct founded?
- Essentials Construct was founded on 04-07-2023.
- Is Essentials Construct still active?
- Yes, Essentials Construct is an active enterprise in the KBO register.
- What is the turnover of Essentials Construct?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €39,456 and 170 comparable companies (NACE 410). It probably lies between €150,000 and €490,000.Financials
- Is Essentials Construct profitable?
- In financial year 2025, Essentials Construct made a profit of €19,934.
- Where can I find the annual accounts of Essentials Construct?
- Essentials Construct filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Essentials Construct due?
- Essentials Construct must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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