Result
-€13,197 -€13,197
From profit to loss in 2025, after a profit of €62,710 in 2024.
FILIAE CONSTRUCT
Lifetime
4 annual accounts with figures on one time axispeak €81,226 (2024)
-€7,241▼ €88,467
lowest -€13,197 (2025)
-€13,197▼ €75,908
peak €94,665 (2024)
€81,468▼ 13.9%
€1.1m▲ 746%
Board2 names since 2021
2 directorsDE NORRE, Sofia Clarisse Cyrille and 1 other
Owners3 names in the annual accounts
50.03%QUERCUS CONSULT
Documentsfilings and deeds
06-07-202625 days before the deadline
2025abbreviated format
Gross margin from €81,226 to -€7,241Loss of €13,197Equity from €94,665 to €81,468Debts from €125,919 to €1.1mCash from €31,023 to €153,791
Key points
from the 2025 annual accountsDebts
€1.1m 93% of the balance sheet
Financial debts 58%Suppliers 1%Taxes and wages 1%Other 40%
€219,000 of the debts are secured on the company's own assets.
Securities
€2.2m
Mortgage mandates, new in 2025. 27.0 times equity · not in the 2024 accounts.
Liquidity
1.09 was 1.75 in 2024
Short-term debts rose from €125,919 to €1.1m.
Filings
4 annual accounts 1 late
The 2024 accounts came 14 days late. The other three were filed on time.
Position in the sector
7.1%
Lower solvency than 83% of companies in construction of buildings. Sector median 38.6% · 2,818 companies.
Turnover not published (abbreviated format)
Checked score
63
Healthy
Financially stronger than 18% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.9%▼ -0.2 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025lowest value
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.2 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 1.5%▲ +0.1 percentage points vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.2 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.3%▼ -0.6 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €81,468 (7.1% of total assets)
Founded in 2021
lowers risk
Size: total assets €1.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 16% of them on solvency, 14% on liquidity, 21% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 819 companies had the same profile as FILIAE CONSTRUCT has now. Each dot stands for 3 companies, two years later.
94.7%
were still trading
3.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FILIAE CONSTRUCT itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 819 companies, not a prediction for FILIAE 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
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (1.75 in 2024), below the usual 1.5. Short-term debt is 92% and cash 13.4% of total assets. 92.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2818 sector peers (2025).
NBB · sector comparisonPosition among 2818 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
25 days early
2024
14 days late
2023
12 days early
2022
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 9 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- QUERCUS CONSULT 50.03%score 92equity €1.6m (2025) · 2025 annual accounts of QUERCUS CONSULT
- GIVEMA 12.51%score 81equity €468,275 (2025) · 2025 annual accounts of GIVEMA
- FINVESCO 12.46%score 68equity €265,305 (2025) · 2025 annual accounts of FINVESCO
Recent changes
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Provincie West-Vlaanderen
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Torhout
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769313532
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Bouwen of herbouwen, Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen · Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FILIAE CONSTRUCT Zedelgem | €1.1m | -€7,241 | 7.1% | - |
| Marguerite Bruges | €1.3m | -€210,130 | -100.8% | - |
| HomeQue Kortemark | €1.0m | -€573,674 | -81.3% | 1.3 |
| Sensu Projects Waregem | €1.3m | -€7,107 | 6.4% | 0 |
| Architecture. Financial. Construction. House Namur | €1.2m | -€15,645 | -17.4% | - |
| DESA CONSTRUCTION BELGIUM Zaventem | €1.1m | -€626,907 | -149.0% | 6.6 |
| DALS La Louvière | €1.0m | -€6,942 | 16.1% | - |
These companies have the same main activity as FILIAE CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €964,000 and €1.3m, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 03-06-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.318.218.3418210 Zedelgem, since 03-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- €1.1m▲ 420%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on FILIAE CONSTRUCT
FILIAE CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from -€5,309 in 2022 to -€7,241 in 2025.
QUERCUS CONSULT holds 50.03% of the shares.
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 FILIAE CONSTRUCT
- What is the company number of FILIAE CONSTRUCT?
- The company number of FILIAE CONSTRUCT is 0769.313.532. The VAT number is the same number with BE in front: BE 0769.313.532.
- Where is FILIAE CONSTRUCT based?
- The registered office is at Heidelbergstraat 35, 8210 Zedelgem.Company details
- What does FILIAE CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of FILIAE CONSTRUCT?
- FILIAE CONSTRUCT is a private limited company (BV).
- When was FILIAE CONSTRUCT founded?
- FILIAE CONSTRUCT was founded on 03-06-2021.
- Is FILIAE CONSTRUCT still active?
- Yes, FILIAE CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of FILIAE CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is FILIAE CONSTRUCT profitable?
- In financial year 2025, FILIAE CONSTRUCT made a loss of €13,197.
- Where can I find the annual accounts of FILIAE CONSTRUCT?
- FILIAE CONSTRUCT filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FILIAE CONSTRUCT due?
- FILIAE CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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
See how customers, suppliers and banks see your own company and what to improve first.