Debts
€57,582 91% of the balance sheet
Suppliers 16%Taxes and wages 42%Other 42%
ETHICAL CONSTRUCT
Lifetime
3 annual accounts with figures on one time axispeak €160,184 (2024)
€160,184▲ 827%
peak €2,229 (2024)
€2,229▲ 557%
peak €5,611 (2024)
€5,611▲ 65.9%
€57,582▼ 19.5%
Board3 names since 2021
2 directors and 1 other
Documentsfilings and deeds
15-10-202576 days late
2024micro format
Gross margin from €17,287 to €160,184Result from €339 to €2,229Resignation: (administrateur à la direction technique) 13-11Equity from €3,381 to €5,611Debts from €71,532 to €57,582Cash from €14,038 to €5,086
Key points
from the 2024 annual accountsFilings
3 annual accounts 107 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€5,611
Less equity than 82% of companies in construction of buildings. Sector median €45,109 · 9,892 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,136 companies had the same profile as ETHICAL CONSTRUCT has now. Each dot stands for 6 companies, two years later.
92.1%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,136 companies, not a prediction for ETHICAL 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
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Signals
Board and ownership
Director
Director
- 24 sharesdeed of 13-11-2024
- 12 sharesdeed of 13-11-2024
- 12 sharesdeed of 13-11-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0778593264
Resignation: (administrateur à la direction technique)
Transfer of 12 shares from to · Transfer of 12 shares from to · holds 24 shares · General meeting of 28-11-2022 · Gazette deed
Appointment: (director)
General meeting of 01-01-2022 · Gazette deed
Incorporation
Founders: and · Appointments: (director) and (director) · Founder: (comparante) · published on 16-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ETHICAL CONSTRUCT La Louvière | €63,192 | €160,184 | 8.9% | - |
| A.D.G. Construct Charleroi | €61,764 | €153,141 | 26.3% | - |
| CONSTRUPPORT Torhout | €69,386 | €126,354 | -30.9% | - |
| COLORENOV Gerpinnes | €61,502 | €148,639 | 46.9% | - |
| ACR ECO CONCEPT Mouscron | €71,277 | €126,995 | -37.8% | - |
| AD Construct Leuze-en-Hainaut | €81,095 | €109,917 | 9.2% | - |
| AW CONSTRUCTION ET RENOVATION Charleroi | €57,049 | €97,812 | 51.0% | - |
These companies have the same main activity as ETHICAL CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €57,000 and €81,100, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 14-12-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.327.917.5497100 La Louvière, since 14-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2024
- ≈ €530,000estimated
- €63,192▼ 15.6%
- ≈ 2.8 FTEestimated
- Filing
- Filed on 15-10-2025
Insights on ETHICAL CONSTRUCT
ETHICAL CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €3,105 in 2022 to €160,184 in 2024.
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 ETHICAL CONSTRUCT
- What is the company number of ETHICAL CONSTRUCT?
- The company number of ETHICAL CONSTRUCT is 0778.593.264. The VAT number is the same number with BE in front: BE 0778.593.264.
- Where is ETHICAL CONSTRUCT based?
- The registered office is at Rue du Cercle Excelsior 37, 7100 La Louvière.Company details
- What does ETHICAL CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of ETHICAL CONSTRUCT?
- ETHICAL CONSTRUCT is a private limited company (BV).
- When was ETHICAL CONSTRUCT founded?
- ETHICAL CONSTRUCT was founded on 14-12-2021.
- Is ETHICAL CONSTRUCT still active?
- Yes, ETHICAL CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of ETHICAL CONSTRUCT?
- The turnover in financial year 2024 is ≈ €530,000. This figure is estimated from the gross margin of €160,184 and 101 comparable companies (NACE 41001). It probably lies between €360,000 and €790,000.Financials
- Is ETHICAL CONSTRUCT profitable?
- In financial year 2024, ETHICAL CONSTRUCT made a profit of €2,229.
- Where can I find the annual accounts of ETHICAL CONSTRUCT?
- ETHICAL CONSTRUCT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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