EUROBEL CONSTRUCT
ActiveSummary
For EUROBEL CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€49,917) and a net result of -€8,037. Equity is shrinking by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 3611 sector peers (fiscal year 2023). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability22▼-43
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-38.7%
Return on assets
-6.2%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-08-2024, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
25 d late
2022
25 d late
2021
10 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€83,307▼ 24.8%
2022 · €110,850
EBIT margin
-8.3%▼ 6.1pp
2022 · -2.2%
Net result
-€8,037
2022 · €365
Working capital
-€50,226▼ 19.0%
2022 · -€42,189
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€150,190€104,342▼ 30.5%€110,850▲ 6.2%€83,307▼ 24.8%
Operating result-€44,224-€17,417▲ 60.6%-€31,613▼ 81.5%-€2,424▲ 92.3%-€6,890▼ 184%
Net result-€47,926-€19,171below the sector's middle half▲ 60.0%-€34,874below the sector's middle half▼ 81.9%€365below the sector's middle half-€8,037below the sector's middle half
EBIT margin-11.6%-30.3%▼ 18.7pp-2.2%▲ 28.1pp-8.3%▼ 6.1pp
Equity€11,800▼ 80.2%-€7,372below the sector's middle half-€42,246below the sector's middle half▼ 473%-€41,881below the sector's middle half▲ 0.9%-€49,917below the sector's middle half▼ 19.2%
Total assets€198,908▼ 35.5%€194,806within the sector's middle half▼ 2.1%€157,294below the sector's middle half▼ 19.3%€130,970below the sector's middle half▼ 16.7%€128,906below the sector's middle half▼ 1.6%
Debt€187,109▼ 24.8%€202,178▲ 8.1%€199,539▼ 1.3%€172,851▼ 13.4%€178,823▲ 3.5%
Working capital€9,850▼ 81.1%-€12,570below the sector's middle half-€47,116below the sector's middle half▼ 275%-€42,189below the sector's middle half▲ 10.5%-€50,226below the sector's middle half▼ 19.0%
Solvency5.9%▼ 13.4pp-3.8%below the sector's middle half▼ 9.7pp-26.9%below the sector's middle half▼ 23.1pp-32.0%below the sector's middle half▼ 5.1pp-38.7%below the sector's middle half▼ 6.7pp
Current ratio1.06▼ 0.200.93below the sector's middle half▼ 0.130.75below the sector's middle half▼ 0.180.76below the sector's middle half=0.72below the sector's middle half▼ 0.04
Return on assets (ROA)-24.1%▼ 34.5pp-9.8%below the sector's middle half▲ 14.3pp-22.2%below the sector's middle half▼ 12.3pp0.3%below the sector's middle half▲ 22.4pp-6.2%below the sector's middle half▼ 6.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,890 in 2023 against €2,424 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €128,906
Fixed assets
€308 =
Current assets
€128,598 ▼ 1.6%
Equity and liabilities
Equity-€49,917
Debt€178,823
Equity is negative: debt (€178,823) exceeds the balance-sheet total (€128,906).
Key figures and ratios
Debt ≤ 1 year
€178,823▲
2022 · €172,851
Income taxes
€446▼
2022 · €450
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €150,190 | €104,342 | €110,850 | €83,307 | ▼ 24.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €121,586 | €90,296 | €90,123 | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,860 | €12,304 | €12,304 | €12,304 | - | - |
| Other operating charges640/8 | - | - | €2,065 | €1,112 | €74 | ▼ 93.3% |
| Non-recurring operating charges66A | - | - | - | €9,562 | - | - |
| Gross operating margin9900 | -€28,014 | -€3,975 | -€17,244 | €20,554 | -€6,816 | ▼ 133% |
| Operating profit (loss)9901 | -€44,224 | -€17,417 | -€31,613 | -€2,424 | -€6,890 | ▼ 184% |
| Financial income75/76B | - | - | €10 | €4,262 | €515 | ▼ 87.9% |
| Recurring financial income75 | €12 | €1,492 | €10 | €4,262 | €515 | ▼ 87.9% |
| Financial charges65/66B | - | - | €3,029 | €1,023 | €1,216 | ▲ 18.9% |
| Recurring financial charges65 | €3,170 | €2,764 | €3,029 | €1,023 | €1,216 | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | -€47,381 | -€18,689 | -€34,633 | €815 | -€7,591 | ▼ 1,032% |
| Income taxes67/77 | €544 | €482 | €241 | €450 | €446 | ▼ 1.0% |
| Profit (loss) for the period9904 | -€47,926 | -€19,171 | -€34,874 | €365 | -€8,037 | ▼ 2,303% |
| Profit (loss) for the period to be appropriated9905 | -€47,926 | -€19,171 | -€34,874 | €365 | -€8,037 | ▼ 2,303% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,908 | €194,806 | €157,294 | €130,970 | €128,906 | ▼ 1.6% |
| Fixed assets21/28 | €36,913 | €24,609 | €12,459 | €308 | €308 | = |
| Tangible fixed assets22/27 | €36,913 | €24,609 | €12,304 | - | - | - |
| Furniture and vehicles24 | - | - | €12,304 | - | - | - |
| Financial fixed assets28 | - | - | €154 | €308 | €308 | = |
| Current assets29/58 | €161,995 | €170,197 | €144,835 | €130,662 | €128,598 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €139,367 | €153,141 | €130,450 | €117,242 | €126,219 | ▲ 7.7% |
| Trade receivables40 | - | - | €37,534 | €31,265 | €40,001 | ▲ 27.9% |
| Other amounts receivable41 | - | - | €92,916 | €85,977 | €86,217 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €20,806 | €14,604 | €11,151 | €11,360 | €1,131 | ▼ 90.0% |
| Deferred charges and accrued income490/1 | - | - | €3,234 | €2,061 | €1,248 | ▼ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,908 | €194,806 | €157,294 | €130,970 | €128,906 | ▼ 1.6% |
| Equity10/15 | €11,800 | -€7,372 | -€42,246 | -€41,881 | -€49,917 | ▼ 19.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | €18,592 | - | - | - |
| Issued capital100 | - | - | €18,592 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€8,652 | -€27,823 | -€62,697 | -€62,332 | -€70,369 | ▼ 12.9% |
| Amounts payable17/49 | €187,109 | €202,178 | €199,539 | €172,851 | €178,823 | ▲ 3.5% |
| Amounts payable after more than one year17 | €34,294 | €18,731 | €6,945 | - | - | - |
| Financial debts170/4 | - | - | €6,945 | - | - | - |
| Amounts payable within one year42/48 | €152,145 | €182,767 | €191,951 | €172,851 | €178,823 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | - | €11,786 | €7,588 | - | - |
| Financial debts43 | - | - | €102 | - | - | - |
| Credit institutions430/8 | - | - | €102 | - | - | - |
| Trade debts44 | €105,037 | €96,702 | €70,282 | €65,106 | €65,337 | ▲ 0.4% |
| Suppliers440/4 | - | - | €70,282 | €65,106 | €65,337 | ▲ 0.4% |
| Advances received on contracts in progress46 | - | - | €2,470 | €2,652 | €13,500 | ▲ 409% |
| Taxes, remuneration and social security45 | - | - | €1,268 | €1,718 | €8,923 | ▲ 420% |
| Taxes450/3 | - | - | €1,268 | €1,718 | €523 | ▼ 69.5% |
| Remuneration and social security454/9 | - | - | - | - | €8,400 | - |
| Other amounts payable47/48 | - | - | €106,044 | €95,788 | €91,063 | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | - | €643 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,926 | -€19,171 | -€34,874 | €365 | -€8,037 | ▼ 2,303% |
| + Depreciation and write-downs630 | €13,860 | €12,304 | €12,304 | €12,304 | - | - |
| Operating cash flow (approximation) | -€34,065 | -€6,867 | -€22,569 | €12,669 | -€8,037 | ▼ 163% |
| Investment in fixed assets (approximation) | - | €0 | -€154 | -€154 | €0 | ▲ 100% |
| Change in cash | - | -€6,202 | -€3,452 | €208 | -€10,229 | ▼ 5,009% |
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
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 25 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Back to profitnet €365
Net result €365 after 3 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€47,926
Net result drops to -€47,926, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 56 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2002
Ground area
90 m²
Building footprint
172 m²
Volume, LiDAR
1,286 m³
Parcel 21911C0005/00B003, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Notelaarstraat 342, 1030 Schaarbeek
since 20022.111.973.773
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0005/00B003 | Brussels | 90 m² | 1 · 172 m² | 13.9 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,518 companies in this sector we hold annual accounts for 7,427. See the whole sector
Company details
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded16-05-1989
Fiscal year end31-12
Abbreviation FR
SST
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
E-invoicing
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Register as of 30 September 2026 · Peppol Directory
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