EURO TIME CONSTRUCT
ActiveSummary
EURO TIME CONSTRUCT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,610 and a net result of €27,352. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+25
Solvency95▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.55 in 2024; short-term debt: 22.5% and cash: 21.4% of total assets), and 30% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 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 · 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
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
70%
Return on assets
11.4%
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
5 d early
2022
20 d early
2021
4 d early
2020
2 d early
2019
3 d early
← 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 6 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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Waremme, Construction sector
Equity
€168,610▲ 19.4%
2024 · €141,259
Total assets
€240,794▲ 9.8%
2024 · €219,395
Net result
€27,352
2024 · -€10,069
Working capital
€61,375▲ 156%
2024 · €23,957
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
Line20212022202320242025
Operating result-€26,170€88,691-€16,873-€8,271▲ 51.0%€28,673
Net result-€27,158€87,260-€18,226-€10,069▲ 44.8%€27,352
Equity€82,999▼ 24.9%€169,904▲ 105%€151,328▼ 10.9%€141,259▼ 6.7%€168,610▲ 19.4%
Total assets€116,080▼ 24.3%€195,395▲ 68.3%€249,426▲ 27.7%€219,395▼ 12.0%€240,794▲ 9.8%
Debt€32,717▼ 22.6%€25,312▼ 22.6%€98,098▲ 288%€78,136▼ 20.3%€72,183▼ 7.6%
Working capital€9,919▼ 67.0%€102,838▲ 937%€54,040▼ 47.5%€23,957▼ 55.7%€61,375▲ 156%
Staff (FTE)4.8▼ 20.0%1.3▼ 72.9%4▲ 208%5.6▲ 40.0%4.5▼ 19.6%
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: €28,673 after a loss of €8,271 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240,794
Fixed assets
€125,218 ▼ 17.6%
Current assets
€115,576 ▲ 71.6%
Equity and liabilities €240,794
Equity
€168,610 ▲ 19.4%
Debt
€72,183 ▼ 7.6%
Debt's share of the balance-sheet total falls from 35.6% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,678▲
2024 · €15,885
Cash flow
€59,357▲
2024 · €14,087
Current ratio
2.13▲
2024 · 1.55
Quick ratio
2.10▲
2024 · 1.25
Debt to equity
0.43▼
2024 · 0.55
ROE
16.2%▲
2024 · -7.1%
ROA
11.4%▲
2024 · -4.6%
Interest coverage
25.90▲
2024 · 5.34
Debt ≤ 1 year
€54,201▲
2024 · €43,389
Debt > 1 year
€17,909▼
2024 · €34,649
Income taxes
€467▼
2024 · €540
Staff costs
€165,819▼
2024 · €185,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24,028 | €22,791 | €2,880 | ▼ 87.4% |
| Remuneration, social security and pensions62 | - | €4,311 | €97,265 | €185,273 | €165,819 | ▼ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,173 | €15,765 | €15,508 | €24,156 | €32,005 | ▲ 32.5% |
| Other operating charges640/8 | - | €8,065 | €10,679 | €11,746 | €8,362 | ▼ 28.8% |
| Gross operating margin9900 | €50,169 | €116,832 | €106,579 | €212,904 | €234,859 | ▲ 10.3% |
| Operating profit (loss)9901 | -€26,170 | €88,691 | -€16,873 | -€8,271 | €28,673 | ▲ 447% |
| Financial income75/76B | - | €1,063 | €1,819 | €1,716 | €1,488 | ▼ 13.3% |
| Recurring financial income75 | €1,077 | €1,063 | €1,819 | €1,716 | €1,488 | ▼ 13.3% |
| Financial charges65/66B | - | €2,180 | €2,757 | €2,973 | €2,342 | ▼ 21.2% |
| Recurring financial charges65 | €1,780 | €2,180 | €2,757 | €2,973 | €2,342 | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | -€26,872 | €87,574 | -€17,811 | -€9,529 | €27,819 | ▲ 392% |
| Transfer from deferred taxes780 | - | €183 | €180 | - | - | - |
| Income taxes67/77 | €469 | €497 | €595 | €540 | €467 | ▼ 13.5% |
| Profit (loss) for the period9904 | -€27,158 | €87,260 | -€18,226 | -€10,069 | €27,352 | ▲ 372% |
| Profit (loss) for the period to be appropriated9905 | -€27,158 | €87,260 | -€18,226 | -€10,069 | €27,352 | ▲ 372% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,080 | €195,395 | €249,426 | €219,395 | €240,794 | ▲ 9.8% |
| Fixed assets21/28 | €83,010 | €67,246 | €148,117 | €152,048 | €125,218 | ▼ 17.6% |
| Tangible fixed assets22/27 | €82,875 | €67,111 | €147,982 | €151,913 | €125,083 | ▼ 17.7% |
| Land and buildings22 | - | €41,410 | €38,873 | €36,336 | €33,799 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €968 | €3,979 | €6,933 | €9,987 | ▲ 44.1% |
| Furniture and vehicles24 | - | €24,732 | €105,129 | €108,645 | €81,297 | ▼ 25.2% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €33,070 | €128,150 | €101,309 | €67,346 | €115,576 | ▲ 71.6% |
| Stocks and contracts in progress3 | €1,800 | €32,800 | €22,000 | €13,300 | €1,800 | ▼ 86.5% |
| Stocks30/36 | - | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Contracts in progress37 | - | €31,000 | €20,200 | €11,500 | - | - |
| Amounts receivable within one year40/41 | €4,467 | €49,413 | €40,501 | €30,829 | €62,222 | ▲ 102% |
| Trade receivables40 | - | €48,766 | €31,447 | €27,223 | €55,219 | ▲ 103% |
| Other amounts receivable41 | - | €646 | €9,055 | €3,606 | €7,003 | ▲ 94.2% |
| Cash at bank and in hand54/58 | €26,803 | €44,707 | €38,807 | €15,159 | €51,553 | ▲ 240% |
| Deferred charges and accrued income490/1 | - | €1,230 | - | €8,058 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,080 | €195,395 | €249,426 | €219,395 | €240,794 | ▲ 9.8% |
| Equity10/15 | €82,999 | €169,904 | €151,328 | €141,259 | €168,610 | ▲ 19.4% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €217,750 | €28,750 | €28,750 | €28,750 | €28,750 | = |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | €13,750 | €13,750 | €13,750 | €13,750 | = |
| Profit (loss) carried forward14 | -€285,456 | -€9,196 | -€27,422 | -€37,491 | -€10,140 | ▲ 73.0% |
| Investment grants15 | - | €350 | - | - | - | - |
| Provisions and deferred taxes16 | €363 | €180 | - | - | - | - |
| Deferred taxes168 | - | €180 | - | - | - | - |
| Amounts payable17/49 | €32,717 | €25,312 | €98,098 | €78,136 | €72,183 | ▼ 7.6% |
| Amounts payable after more than one year17 | €9,567 | - | €50,708 | €34,649 | €17,909 | ▼ 48.3% |
| Financial debts170/4 | - | - | €50,708 | €34,649 | €17,909 | ▼ 48.3% |
| Amounts payable within one year42/48 | €23,151 | €25,312 | €47,269 | €43,389 | €54,201 | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | - | €9,567 | €16,016 | €16,694 | €17,401 | ▲ 4.2% |
| Trade debts44 | €5,576 | €8,640 | €27,170 | €16,184 | €24,591 | ▲ 51.9% |
| Suppliers440/4 | - | €8,640 | €27,170 | €16,184 | €24,591 | ▲ 51.9% |
| Taxes, remuneration and social security45 | - | €3,374 | €595 | €6,659 | €8,516 | ▲ 27.9% |
| Taxes450/3 | - | €497 | €595 | €540 | €467 | ▼ 13.5% |
| Remuneration and social security454/9 | - | €2,878 | - | €6,119 | €8,049 | ▲ 31.5% |
| Other amounts payable47/48 | - | €3,731 | €3,487 | €3,851 | €3,694 | ▼ 4.1% |
| Accrued charges and deferred income492/3 | - | - | €122 | €98 | €73 | ▼ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,158 | €87,260 | -€18,226 | -€10,069 | €27,352 | ▲ 372% |
| + Depreciation and write-downs630 | €18,173 | €15,765 | €15,508 | €24,156 | €32,005 | ▲ 32.5% |
| Operating cash flow (approximation) | -€8,985 | €103,025 | -€2,718 | €14,087 | €59,357 | ▲ 321% |
| Investment in fixed assets (approximation) | - | €0 | -€96,380 | -€28,088 | -€5,174 | ▲ 81.6% |
| Change in cash | - | €17,904 | -€5,900 | -€23,649 | €36,395 | ▲ 254% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €27,352
Net result €27,352 after 2 loss-making years.
30-06
Financial
Equity above €150,000Eq €168,610 ▲19.4%
Equity rises from €141,259 to €168,610.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €87,260
Net result €87,260 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 5.06
Current ratio from 1.43 to 5.06.
30-06
Financial
Equity above €150,000Eq €169,904 ▲105%
Equity rises from €82,999 to €169,904.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €189,736
Net result €189,736 after one loss-making year.
Show earlier events
30-06
Financial
Liquidity quadruplescurrent ratio 2.29
Current ratio from 0.64 to 2.29; short-term debt falls from €678,989 to €23,215.
30-06
Financial
Equity above €100,000Eq €110,513
Equity rises from -€78,867 to €110,513.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Waremme · 1 establishment unit since 2001
Ground area
2,224 m²
Building footprint
510 m²
Volume, LiDAR
3,101 m³
Parcel 64074B0163/00B002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Au Fonds Râce 35, 4300 Waremme
since 20012.098.106.733
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074B0163/00B002 | Wallonia | 2,224 m² | 1 · 510 m² | 7.5 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.
Similar companies · same sector, comparable size
FINECO CONSTRUCTION
BE 0876.540.894
Fernelmont · Eq €168,634
TRUCHEL GROUP
BE 0892.226.487
Sint-Gillis (bij-Brussel) · Eq €168,685
TELECOM SECURITY
BE 0831.873.780
Gerpinnes · Eq €168,486
NEW OMNI
BE 0839.231.627
Sint-Agatha-Berchem · Eq €168,485
THINK CONSTRUCTION
BE 0643.693.780
Vilvoorde · Eq €168,740
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
37000Sewerage
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474632777
Also
9925:BE0474632777
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.