EUROPA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of EUROPA CONSTRUCT is 1.7% (moderate). The 2024 annual accounts show equity of €152,737 and a net result of €7,183. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 36386 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-21
Solvency100=
Growth79▲+18
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.13 against 7.98 in 2023; short-term debt: 19.1% and cash: 1.5% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Four 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 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
55 d late
2023
69 d late
2022
27 d early
2021
1 d late
2020
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 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 2024, micro schema
Turnover
€549,166▲ 129%
2023 · €239,891
EBIT margin
1.7%▼ 1.7pp
2023 · 3.4%
Net result
€7,183▼ 4.0%
2023 · €7,480
Working capital
€148,730▲ 3.8%
2023 · €143,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320232024
Turnover€572,340▲ 50.9%€506,931▼ 11.4%€724,114▲ 42.8%€239,891-€549,166▲ 129%
Operating result€33,517▲ 2.8%€53,465▲ 59.5%€15,982▼ 70.1%€8,126-€9,124▲ 12.3%
Net result€24,293within the sector's middle half▲ 24.8%€51,555above the sector's middle half▲ 112%€7,111within the sector's middle half▼ 86.2%€7,480within the sector's middle half-€7,183within the sector's middle half▼ 4.0%
EBIT margin5.9%▼ 2.7pp10.5%▲ 4.7pp2.2%▼ 8.3pp3.4%-1.7%▼ 1.7pp
Equity€79,409within the sector's middle half▲ 44.1%€130,963above the sector's middle half▲ 64.9%€138,074above the sector's middle half▲ 5.4%€145,554above the sector's middle half-€152,737above the sector's middle half▲ 4.9%
Total assets€112,103within the sector's middle half▲ 15.1%€158,146within the sector's middle half▲ 41.1%€200,642within the sector's middle half▲ 26.9%€173,045within the sector's middle half-€188,784within the sector's middle half▲ 9.1%
Debt€32,694▼ 22.7%€27,183▼ 16.9%€62,568▲ 130%€27,490-€36,047▲ 31.1%
Working capital€74,395within the sector's middle half▲ 56.6%€130,391above the sector's middle half▲ 75.3%€134,276above the sector's middle half▲ 3.0%€143,229above the sector's middle half-€148,730above the sector's middle half▲ 3.8%
Solvency70.8%above the sector's middle half▲ 14.3pp82.8%above the sector's middle half▲ 12.0pp68.8%above the sector's middle half▼ 14.0pp84.1%above the sector's middle half-80.9%above the sector's middle half▼ 3.2pp
Current ratio4.58above the sector's middle half▲ 1.779.55above the sector's middle half▲ 4.973.50above the sector's middle half▼ 6.067.98above the sector's middle half-5.13above the sector's middle half▼ 2.85
Return on assets (ROA)21.7%above the sector's middle half▲ 1.7pp32.6%above the sector's middle half▲ 10.9pp3.5%within the sector's middle half▼ 29.1pp4.3%within the sector's middle half-3.8%within the sector's middle half▼ 0.5pp
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.
Why a figure moved sharply
- 2024 Turnover +129% on 2023. The previous fiscal year ran 6 months, this one 12.
- 2021 Turnover +51% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €188,784
Fixed assets
€4,007 ▼ 56.9%
Current assets
€184,777 ▲ 12.8%
Equity and liabilities €188,784
Equity
€152,737 ▲ 4.9%
Debt
€36,047 ▲ 31.1%
Debt's share of the balance-sheet total rises from 15.9% to 19.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,650▲
2023 · €11,383
Cash flow
€13,709▲
2023 · €10,737
Debt to equity
0.24▲
2023 · 0.19
ROE
4.7%▼
2023 · 5.1%
Interest coverage
2.65▼
2023 · 10.62
Debt ≤ 1 year
€36,047▲
2023 · €20,522
Income taxes
€10,598
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 10,905 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 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €572,340 | €506,931 | €724,114 | €239,891 | €549,166 | ▲ 129% |
| Goods, raw materials, services and sundry goods60/61 | - | €439,697 | €693,384 | €227,712 | €518,398 | ▲ 128% |
| Remuneration, social security and pensions62 | - | - | - | €89 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,726 | €4,559 | €5,823 | €3,257 | €6,526 | ▲ 100% |
| Other operating charges640/8 | - | €9,209 | €8,925 | €707 | €708 | ▲ 0.3% |
| Non-recurring operating charges66A | - | - | - | - | €14,408 | - |
| Gross operating margin9900 | €51,980 | €67,234 | €30,730 | €12,179 | €30,767 | ▲ 153% |
| Operating profit (loss)9901 | €33,517 | €53,465 | €15,982 | €8,126 | €9,124 | ▲ 12.3% |
| Financial income75/76B | - | €20,659 | €1,902 | €565 | €14,565 | ▲ 2,476% |
| Recurring financial income75 | €141 | €11 | €1,902 | €126 | €183 | ▲ 45.1% |
| Non-recurring financial income76B | - | €20,648 | €1,902 | €439 | €14,382 | ▲ 3,176% |
| Financial charges65/66B | - | €12,630 | €10,774 | €1,211 | €5,908 | ▲ 388% |
| Recurring financial charges65 | €1,115 | €8,042 | €3,194 | €1,072 | €5,908 | ▲ 451% |
| Non-recurring financial charges66B | - | €4,589 | €7,580 | €139 | - | - |
| Profit (loss) for the period before taxes9903 | €29,352 | €61,493 | €7,111 | €7,480 | €17,781 | ▲ 138% |
| Income taxes67/77 | €5,059 | €9,939 | - | - | €10,598 | - |
| Profit (loss) for the period9904 | €24,293 | €51,555 | €7,111 | €7,480 | €7,183 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €24,293 | €51,555 | €7,111 | €7,480 | €7,183 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,103 | €158,146 | €200,642 | €173,045 | €188,784 | ▲ 9.1% |
| Fixed assets21/28 | €16,951 | €12,509 | €12,551 | €9,293 | €4,007 | ▼ 56.9% |
| Tangible fixed assets22/27 | €16,870 | €12,311 | €12,352 | €9,095 | €3,808 | ▼ 58.1% |
| Plant, machinery and equipment23 | - | - | - | - | €765 | - |
| Furniture and vehicles24 | - | - | €4,601 | €3,624 | €2,131 | ▼ 41.2% |
| Leasing and similar rights25 | - | €12,311 | €7,751 | €5,471 | €912 | ▼ 83.3% |
| Financial fixed assets28 | €81 | €199 | €199 | €199 | €199 | = |
| Current assets29/58 | €95,152 | €145,637 | €188,092 | €163,751 | €184,777 | ▲ 12.8% |
| Stocks and contracts in progress3 | €14,515 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €53,756 | €130,953 | €115,685 | €151,465 | €182,024 | ▲ 20.2% |
| Trade receivables40 | - | €87,698 | €67,762 | €66,678 | €80,968 | ▲ 21.4% |
| Other amounts receivable41 | - | €43,255 | €47,923 | €84,787 | €101,056 | ▲ 19.2% |
| Cash at bank and in hand54/58 | €26,881 | €14,684 | €72,406 | €12,286 | €2,754 | ▼ 77.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,103 | €158,146 | €200,642 | €173,045 | €188,784 | ▲ 9.1% |
| Equity10/15 | €79,409 | €130,963 | €138,074 | €145,554 | €152,737 | ▲ 4.9% |
| Contributions10/11 | - | €14,200 | €14,200 | €14,200 | €14,200 | = |
| Outside capital11 | - | €14,200 | €14,200 | €14,200 | €14,200 | = |
| Share premium1100/10 | - | €14,200 | €14,200 | €14,200 | €14,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €63,349 | €114,903 | €122,014 | €129,494 | €136,677 | ▲ 5.5% |
| Amounts payable17/49 | €32,694 | €27,183 | €62,568 | €27,490 | €36,047 | ▲ 31.1% |
| Amounts payable after more than one year17 | €11,937 | €11,937 | €8,753 | €6,968 | - | - |
| Financial debts170/4 | - | €11,937 | €8,753 | €6,968 | - | - |
| Amounts payable within one year42/48 | €20,757 | €15,246 | €53,816 | €20,522 | €36,047 | ▲ 75.6% |
| Current portion of amounts payable after more than one year42 | - | €3,851 | €2,842 | €3,923 | - | - |
| Trade debts44 | €15,245 | €5,392 | €40,016 | €8,986 | €24,798 | ▲ 176% |
| Suppliers440/4 | - | €5,392 | €40,016 | €8,986 | €24,798 | ▲ 176% |
| Taxes, remuneration and social security45 | - | €6,003 | €10,957 | €7,613 | €11,249 | ▲ 47.8% |
| Taxes450/3 | - | €6,003 | €5,202 | €7,613 | €7,613 | = |
| Remuneration and social security454/9 | - | - | €5,755 | - | €3,636 | - |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,293 | €51,555 | €7,111 | €7,480 | €7,183 | ▼ 4.0% |
| + Depreciation and write-downs630 | €6,726 | €4,559 | €5,823 | €3,257 | €6,526 | ▲ 100% |
| Operating cash flow (approximation) | €31,019 | €56,114 | €12,934 | €10,737 | €13,709 | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | -€118 | -€5,864 | - | -€1,240 | - |
| Change in cash | - | -€12,197 | €57,722 | - | -€9,532 | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €150,000Eq €152,737 ▲4.9%
7 profitable years in a row build equity to €152,737.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 7.98
Current ratio from 3.50 to 7.98; short-term debt falls from €53,816 to €20,522.
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €51,555 ▲112%
Operating result €53,465, net result €51,555, both a record.
30-06
Financial
Liquidity doublescurrent ratio 9.55
Current ratio from 4.58 to 9.55; short-term debt falls from €20,757 to €15,246.
30-06
Financial
Equity above €100,000Eq €130,963 ▲64.9%
4 profitable years in a row build equity to €130,963.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Evere · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
G. Van Leeuwlaan 271140 Evere1 establishment unit
G. Van Leeuwlaan 27, 1140 Evere
since 20112.205.480.585
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,063 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836481478
Also
9925:BE0836481478
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.