Active BE 0437.431.101Coöperatieve vennootschap met beperkte aansprakelijkheid

EUROBEL CONSTRUCT

Notelaarstraat 342 ·1030 Schaarbeek, Belgium· 37 yrs active

Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)

Conclusion Checked

The computed 12-month bankruptcy probability of EUROBEL CONSTRUCT is 0.8% (low). The 2023 annual accounts show negative equity (€-50k) and a net result of €-8k. Equity is shrinking by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 454 sector peers (fiscal year 2023). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-50k
Net result	€-8k
Better than sector	5%
Active	37 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

44 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 22

Profitability 40

Solvency 38

Growth 22

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1989, 37 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

22 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 25-08-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~45.6%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-38.7%	36.6%	better than 5% of 454 sector peers
Net result	€-8k	€23k	better than 13% of 454 sector peers
Equity	€-50k	€96k	better than 5% of 455 sector peers
Gross operating margin	€-7k	€110k	better than 5% of 425 sector peers
Total assets	€129k	€348k	better than 31% of 456 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€83k

-24.8% 18-23

EBITDA

€10k

- 18-23

Net profit

€-8k

- 18-23

Cash flow

€13k

- 18-23

Total assets

€129k

-1.6% 18-23

Equity

€-50k

-19.2% 18-23

Working capital

€-50k

-19.0% 18-23

Income taxes

€446

-1.0% 18-23

Debt

€179k

+3.5% 18-23

Debt ≤ 1y

€179k

+3.5% 18-23

Debt > 1y

€7k

-62.9% 18-23

Current ratio

0.72

-4.9% 18-23

Quick ratio

0.72

-4.9% 18-23

Solvency

-38.7%

-21.1% 18-23

Debt / equity

-3.58

+13.2% 18-23

ROE

16.1%

- 18-23

ROA

-6.2%

- 18-23

Net margin

-9.6%

- 18-23

EBITDA margin

8.9%

- 18-23

Interest coverage

9.66

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€83k
EBITDA	-
Net profit	€-8k
Cash flow	-
Staff costs	-
Income taxes	€446
Dividends	-
Total assets	€129k
Equity	€-50k
Debt	€179k
of which ≤ 1y	€179k
of which > 1y	-
Working capital	€-50k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.72
Quick ratio	0.72
Working capital ratio	-39.0%
Solvency	-38.7%
Debt / equity	-3.58
Long-term debt ratio	-
Interest coverage	-
Gross margin	-8.2%
Net margin	-9.6%
ROA	-6.2%
ROE	16.1%
EBITDA margin	-
Days sales outstanding	175d
Days payable outstanding	265d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €308 · 0.2% Current assets €129k · 99.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€129k
Fixed assets	21/28	€308
Financial fixed assets	28	€308
Current assets	29/58	€129k
Amounts receivable within one year	40/41	€126k
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€129k
Equity	10/15	€-50k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-70k
Amounts payable	17/49	€179k
Amounts payable within one year	42/48	€179k
Trade debts payable within one year	44	€65k
Income statement
Turnover	70	€83k
Gross operating margin	9900	€-7k
Operating result	9901	€-7k
Financial income	75	€515
Financial charges	65	€1k
Result before taxes	9903	€-8k
Income taxes	67/77	€446
Net result for the period	9904	€-8k
Result to be appropriated	9905	€-8k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form	Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation	16-05-1989
Status	Active
Postal code	1030

Establishment units 1 location

Notelaarstraat 342, 1030 Schaarbeek

het ruimen van bouwterreinen

since 20022.111.973.773

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21911C0005/00B003	Brussels	90 m²	1 · 172 m²	13.9 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

25-08-2024