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GRUP ED-CONSTRUCT

Active
Private limited companyfounded 2020active for 6 yearsNoorderlaan 147, 2030 Antwerpen, Belgium165 active companies are registered at this addressKBO/BCE: BE 0756.787.565
Summary

The computed 12-month bankruptcy probability of GRUP ED-CONSTRUCT is 15.3% (high). For GRUP ED-CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€52,464) and a net result of -€69,295. Equity is shrinking by about 171% per year across the filed financial years. Its solvency ranks better than 5% of 33,171 sector peers (NACE 43, financial year 2023). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Bricklaying and masonry work
NACE 43910
1 site
Size
€28,389total assets 2023
Equity
-€52,464
Loss
-€69,295
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
15.3%
2023 figures too old to score
Structure
2024 accounts not filed, 456 days past the deadline1 deed in the Belgian Official Gazette
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 357 days late; 3 of the last 3 lateFigures for financial year 2023 (filed 23-07-2025)Size: total assets €28,389Loss of €69,295 (financial year 2023)Two or more financial years not filed2023 accounts filed 357 days lateShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 0-67
equity -184.8% of total assets
Liquidity 12-14
short-term debt 284.8% · cash 9.9%
Profitability 0-75
return on assets -244.1%
Bankruptcy probability, 12 months
15.3% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,663 companies, NACE 43, micro)
Last 24 months 11-2024: 6.0%lowest value 12-2024: 7.0%▲ +1.0 percentage point vs 11-2024 01-2025: 9.6%▲ +2.6 percentage points vs 12-2024 02-2025: 9.6%● unchanged vs 01-2025 03-2025: 9.9%▲ +0.3 percentage points vs 02-2025 04-2025: 9.2%▼ -0.7 percentage points vs 03-2025 05-2025: 9.2%● unchanged vs 04-2025 06-2025: 9.1%▼ -0.1 percentage points vs 05-2025 07-2025: 9.1%● unchanged vs 06-2025 08-2025: 7.7%▼ -1.4 percentage points vs 07-2025 09-2025: 7.9%▲ +0.2 percentage points vs 08-2025 10-2025: 9.8%▲ +1.9 percentage points vs 09-2025 11-2025: 9.2%▼ -0.6 percentage points vs 10-2025 12-2025: 10.5%▲ +1.3 percentage points vs 11-2025 01-2026: 13.4%▲ +2.9 percentage points vs 12-2025 02-2026: 13.4%● unchanged vs 01-2026 03-2026: 13.7%▲ +0.3 percentage points vs 02-2026 04-2026: 12.9%▼ -0.8 percentage points vs 03-2026 05-2026: 12.9%● unchanged vs 04-2026 06-2026: 12.7%▼ -0.2 percentage points vs 05-2026 07-2026: 12.7%● unchanged vs 06-2026 08-2026: 15.3%▲ +2.6 percentage points vs 07-2026highest value 09-2026: 15.3%● unchanged vs 08-2026highest value 10-2026: 15.3%● unchanged vs 09-2026highest value
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Signals

Six signals.
raises risk
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 357 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2023 (filed 23-07-2025)
NBB · annual accounts
raises risk · Size: total assets €28,389
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €69,295 (financial year 2023)
NBB · annual accounts
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 · 3 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline30-10-2026 today
raises risk · 2023 accounts filed 357 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-07-2025, 357 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
357 days late
2022
121 days late
2021
106 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 195 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Weakest financial yearnet -€69,295
  3. Annual accounts filedfinancial year 2022 · micro…

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.

Turnover
€247,560
EBIT margin
1.7%
Net result
-€69,295
2022 · €11,856
Working capital
-€54,043
2022 · €14,053
Trend over the years

2021 to 2023, 3 financial years

The operating result turns negative in 2023: a loss of €63,857 after €23,204 in 2022, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€63,857 2023 Net result-€69,295 2023

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line202120222023
Turnover€247,560-
Operating result€4,216-€23,204▲ 450%-€63,857
Net result€1,975within the sector's middle half-€11,856within the sector's middle half▲ 500%-€69,295below the sector's middle half
EBIT margin1.7%-
Equity€4,975below the sector's middle half-€16,831below the sector's middle half▲ 238%-€52,464below the sector's middle half
Total assets€31,111below the sector's middle half-€40,188below the sector's middle half▲ 29.2%€28,389below the sector's middle half▼ 29.4%
Debt€26,136-€23,357▼ 10.6%€80,853▲ 246%
Working capital€4,975within the sector's middle half-€14,053within the sector's middle half▲ 182%-€54,043below the sector's middle half
Solvency16.0%below the sector's middle half-41.9%within the sector's middle half▲ 25.9pp-184.8%below the sector's middle half▼ 226.7pp
Current ratio1.19within the sector's middle half-1.60within the sector's middle half▲ 0.410.33below the sector's middle half▼ 1.27
Return on assets (ROA)6.3%within the sector's middle half-29.5%above the sector's middle half▲ 23.2pp-244.1%below the sector's middle half▼ 273.6pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €28,389
Fixed assets €1,578 ▼ 43.2%
Current assets €26,811 ▼ 28.3%
Equity and liabilities
Equity-€52,464
Debt€80,853
Equity is negative: debt (€80,853) exceeds the balance-sheet total (€28,389).
Key figures and ratios
2023 value · change against 2022
EBITDA
-€62,657▼
2022 · €24,026
Cash flow
-€68,095▼
2022 · €12,678
Interest coverage
-9.92▼
2022 · 3.01
Debt ≤ 1 year
€80,853▲
2022 · €23,357
Income taxes
€228▼
2022 · €4,776
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
Filed annual accounts As filed with the NBB · 2023 against 2022 · 35 lines
Balance sheet Code20222023
Assets
Total assets20/58€40,188€28,389▼
Fixed assets21/28€2,778€1,578▼
Tangible fixed assets22/27€2,778€1,578▼
Furniture and vehicles24€2,778€1,578▼
Current assets29/58€37,410€26,811▼
Amounts receivable within one year40/41€35,276€23,880▼
Trade receivables40€13,700€472▼
Other amounts receivable41€21,576€23,407▲
Cash at bank and in hand54/58€2,042€2,818▲
Deferred charges and accrued income490/1€92€113▲
Equity and liabilities
Total equity and liabilities10/49€40,188€28,389▼
Equity10/15€16,831-€52,464▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€13,831-€55,464▼
Amounts payable17/49€23,357€80,853▲
Amounts payable within one year42/48€23,357€80,853▲
Trade debts44€6,582€36,637▲
Suppliers440/4€6,582€36,637▲
Taxes, remuneration and social security45€5,762€5,005▼
Taxes450/3€5,762€5,005▼
Other amounts payable47/48€11,013€39,212▲
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€822€1,200▲
Other operating charges640/8€2,766€260▼
Gross operating margin9900€26,792-€62,397▼
Operating profit (loss)9901€23,204-€63,857▼
Financial income75/76B€1,418€1,107▼
Recurring financial income75€1,418€1,107▼
Financial charges65/66B€7,990€6,316▼
Recurring financial charges65€7,990€6,316▼
Profit (loss) for the period before taxes9903€16,632-€69,067▼
Income taxes67/77€4,776€228▼
Profit (loss) for the period9904€11,856-€69,295▼
Profit (loss) for the period to be appropriated9905€11,856-€69,295▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,831-€55,464▼
Profit (loss) brought forward from the previous period14P€1,975€13,831▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222023Change
Turnover70€247,560---
Goods, raw materials, services and sundry goods60/61€261,276---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€822€1,200▲ 46.0%
Other operating charges640/8€131€2,766€260▼ 90.6%
Gross operating margin9900€4,347€26,792-€62,397-
Operating profit (loss)9901€4,216€23,204-€63,857-
Financial income75/76B€572€1,418€1,107▼ 22.0%
Recurring financial income75€572€1,418€1,107▼ 22.0%
Financial charges65/66B€1,499€7,990€6,316▼ 21.0%
Recurring financial charges65€1,499€7,990€6,316▼ 21.0%
Profit (loss) for the period before taxes9903€3,289€16,632-€69,067-
Income taxes67/77€1,314€4,776€228▼ 95.2%
Profit (loss) for the period9904€1,975€11,856-€69,295-
Profit (loss) for the period to be appropriated9905€1,975€11,856-€69,295-
Line202120222023Change
Assets
Total assets20/58€31,111€40,188€28,389▼ 29.4%
Fixed assets21/28-€2,778€1,578▼ 43.2%
Tangible fixed assets22/27-€2,778€1,578▼ 43.2%
Furniture and vehicles24-€2,778€1,578▼ 43.2%
Current assets29/58€31,111€37,410€26,811▼ 28.3%
Amounts receivable within one year40/41€26,347€35,276€23,880▼ 32.3%
Trade receivables40€2,584€13,700€472▼ 96.6%
Other amounts receivable41€23,763€21,576€23,407▲ 8.5%
Cash at bank and in hand54/58€4,764€2,042€2,818▲ 38.0%
Deferred charges and accrued income490/1-€92€113▲ 23.4%
Equity and liabilities
Total equity and liabilities10/49€31,111€40,188€28,389▼ 29.4%
Equity10/15€4,975€16,831-€52,464-
Contributions10/11€3,000€3,000€3,000=
Profit (loss) carried forward14€1,975€13,831-€55,464-
Amounts payable17/49€26,136€23,357€80,853▲ 246%
Amounts payable within one year42/48€26,136€23,357€80,853▲ 246%
Trade debts44€16,271€6,582€36,637▲ 457%
Suppliers440/4€16,271€6,582€36,637▲ 457%
Taxes, remuneration and social security45€9,864€5,762€5,005▼ 13.1%
Taxes450/3€9,864€5,762€5,005▼ 13.1%
Other amounts payable47/48-€11,013€39,212▲ 256%
Line202120222023Change
Profit (loss) for the period9904€1,975€11,856-€69,295-
+ Depreciation and write-downs630-€822€1,200▲ 46.0%
Operating cash flow (approximation)€1,975€12,678-€68,095-
Investment in fixed assets (approximation)--€0-
Change in cash--€2,722€776-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2023 micro format 23-07-2025 2025-00297693
31-12-2022 micro format 29-11-2023 2023-00521199
31-12-2021 micro format 14-11-2022 2022-20519383

Similar companies · same sector and region

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 the 10,934 active companies whose main activity is bricklaying and masonry work (NACE 43910), figures are known for 5,546. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 20 October 2020, GRUP ED-CONSTRUCT was incorporated as a private limited company.1 Total assets went from €31,111 in 2021 to €28,389 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2023

Acts, filings and financial milestones

2025
23-07
NBB filing Annual accounts filed
financial year 2023 · micro format · 357 days late
2023
31-12
Financial Weakest financial yearnet -€69,295
Net result drops to -€69,295, the lowest in the series.
29-11
NBB filing Annual accounts filed
financial year 2022 · micro format · 121 days late
2022
31-12
Financial Highest result from 2021 to 2023net €11,856 ▲500%
Operating result €23,204, net result €11,856, both a record.
14-11
NBB filing Annual accounts filed
financial year 2021 · micro format · 106 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded20-10-2020
Financial year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0756787565
Also 9925:BE0756787565

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0756.787.565

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
registered office establishment The establishment unit on the map
Ground area
1.0 ha
Building footprint
1,768 m²
Building volume
99,933 m³
Parcel 11807G1698/02C000, Flanders · tallest building 64.4 m. Linked by address, not a title deed.
165 companies at this address See who is registered here
1 establishment unit
GRUP ED-CONSTRUCT
Noorderlaan 147, 2030 AntwerpenBricklaying and masonry work
since 2020unit no. 2.309.423.015
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11807G1698/02C000 Flanders 1.0 ha 1 · 1,768 m² 64.4 m · 19
How the parcels are linked
Good to know
The parcel matches the address exactly.