GROUP CONSTRUCT
ActiveSummary
GROUP CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €177k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-20
Solvency61▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.77 in 2024; short-term debt: 36.7% and cash: 13.4% of total assets), but 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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
36.3%
Return on assets
5%
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
1 d late
2022
10 d late
2021
17 d late
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€177k▼ 22.2%
2024 · €228k
2019: €53k
2020: €175k
2021: €59k
2022: €89k
2023: €143k
2024: €228k
2019 → 2025
Working capital
€673k▼ 29.4%
2024 · €952k
2019: €512k
2020: €575k
2021: €699k
2022: €770k
2023: €673k
2024: €952k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€1.11M▲ 8.7%€1.08M▼ 2.6%€1.22M▲ 12.5%€1.30M▲ 6.3%
Operating result€229k-€178k▼ 22.2%€237k▲ 33.1%€375k▲ 58.3%€350k▼ 6.7%
Net result€59k-€89k▲ 51.7%€143k▲ 60.7%€228k▲ 59.7%€177k▼ 22.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.57M
Fixed assets
€1.59M ▲ 140%
Current assets
€1.98M ▼ 9.3%
Equity and liabilities €3.57M
Equity
€1.30M ▲ 6.3%
Debt
€2.27M ▲ 39.7%
Debt's share of the balance-sheet total rises from 57.2% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€536k▲
2024 · €409k
Cash flow
€364k▲
2024 · €262k
Current ratio
1.51▼
2024 · 1.77
Quick ratio
1.16▼
2024 · 1.40
Debt to equity
1.75▲
2024 · 1.33
ROE
13.7%▼
2024 · 18.7%
ROA
5.0%▼
2024 · 8.0%
Interest coverage
4.06▼
2024 · 8.49
Debt ≤ 1 year
€1.31M▲
2024 · €1.23M
Debt > 1 year
€961k▲
2024 · €145k
Income taxes
€93k▼
2024 · €100k
Staff costs
€57k▼
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.84M€3.57M▲
Fixed assets21/28€659k€1.59M▲
Tangible fixed assets22/27€623k€1.50M▲
Land and buildings22€612k€1.47M▲
Furniture and vehicles24€10k€36k▲
Financial fixed assets28€37k€81k▲
Current assets29/58€2.18M€1.98M▼
Amounts receivable after more than one year29€125k€150k▲
Other amounts receivable291€125k€150k▲
Stocks and contracts in progress3€461k€468k▲
Stocks30/36€461k€468k▲
Amounts receivable within one year40/41€810k€413k▼
Trade receivables40€479k€318k▼
Other amounts receivable41€330k€95k▼
Current investments50/53€450k€464k▲
Cash at bank and in hand54/58€327k€479k▲
Deferred charges and accrued income490/1€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.84M€3.57M▲
Equity10/15€1.22M€1.30M▲
Contributions10/11€20k€20k=
Reserves13€501k€576k▲
Distributable reserves133€501k€576k▲
Profit (loss) carried forward14€697k€699k▲
Amounts payable17/49€1.63M€2.27M▲
Amounts payable after more than one year17€145k€961k▲
Financial debts170/4€145k€961k▲
Amounts payable within one year42/48€1.23M€1.31M▲
Current portion of amounts payable after more than one year42€35k€67k▲
Financial debts43€256k€256k=
Credit institutions430/8€256k€256k=
Trade debts44€775k€919k▲
Suppliers440/4€775k€919k▲
Advances received on contracts in progress46€104k-
Taxes, remuneration and social security45€62k€66k▲
Taxes450/3€53k€56k▲
Remuneration and social security454/9€9k€10k▲
Accrued charges and deferred income492/3€248k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€59k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€186k▲
Other operating charges640/8€5k€13k▲
Gross operating margin9900€472k€605k▲
Operating profit (loss)9901€375k€350k▼
Financial income75/76B€1k€53k▲
Recurring financial income75€1k€53k▲
Financial charges65/66B€48k€132k▲
Recurring financial charges65€48k€132k▲
Profit (loss) for the period before taxes9903€328k€270k▼
Income taxes67/77€100k€93k▼
Profit (loss) for the period9904€228k€177k▼
Profit (loss) for the period to be appropriated9905€228k€177k▼
Appropriation of the result
Profit (loss) to be appropriated9906€904k€874k▼
Profit (loss) brought forward from the previous period14P€677k€697k▲
Transfer from equity791/2-€100k
Transfer to equity691/2€115k€175k▲
To other reserves6921€115k€175k▲
Profit to be distributed694/7€93k€100k▲
Return on contributions (dividend)694€93k€100k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
30-06
Financial
Highest result since 2019net €228k ▲59.7%
Operating result €375k, net result €228k, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
30-06
Financial
Equity above €1MEq €1.02M ▲4.3%
3 profitable years in a row build equity to €1.02M.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
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.
Directors · office · real estate
Directors
3 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, Vorst · 1 establishment unit since 2003
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.
Bondgenotenstraat 1241190 VorstGround area
79 m²
Building footprint
69 m²
Volume, LiDAR
672 m³
Parcel 21007A0069/00T056, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bondgenotenstraat 124, 1190 Vorst
since 20032.123.447.190
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00T056 | Brussels | 79 m² | 1 · 69 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 2,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2002
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43240Other construction installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.