HalusaConstruct
ActiveSummary
The computed 12-month bankruptcy probability of HalusaConstruct is 6.6% (elevated). The 2024 annual accounts show negative equity (-€1,806) and a net result of -€6,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 36377 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-34
Solvency20▼-15
Growth47▼-21
Track record100
Bankruptcy probability, 12 months
6.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.32 against 1.28 in 2023; short-term debt: 64.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-4.6%
Return on assets
-15.8%
Age of the figures
21 mo
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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€1,806
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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
122 d late
2022
31 d late
2021
31 d late
2020
226 d late
2019
61 d late
← 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 89 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
€333,085▼ 20.4%
2023 · €418,499
EBIT margin
-0.7%▼ 0.4pp
2023 · -0.4%
Net result
-€6,264▼ 159%
2023 · -€2,422
Working capital
€8,224▲ 14.5%
2023 · €7,184
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€203,913€220,634▲ 8.2%€254,353▲ 15.3%€418,499▲ 64.5%€333,085▼ 20.4%
Operating result-€12,050€10,055€12,401▲ 23.3%-€1,515-€2,440▼ 61.0%
Net result-€14,351€11,930€7,422▼ 37.8%-€2,422-€6,264▼ 159%
EBIT margin-5.9%4.6%▲ 10.5pp4.9%▲ 0.3pp-0.4%▼ 5.2pp-0.7%▼ 0.4pp
Equity-€12,472-€543▲ 95.6%€6,880€4,458▼ 35.2%-€1,806
Total assets€21,953▲ 7.6%€31,362▲ 42.9%€36,825▲ 17.4%€45,002▲ 22.2%€39,668▼ 11.9%
Debt€34,425▲ 85.8%€31,905▼ 7.3%€29,946▼ 6.1%€40,544▲ 35.4%€41,474▲ 2.3%
Working capital-€9,842▼ 3,076%-€2,180▲ 77.8%-€5,918▼ 171%€7,184€8,224▲ 14.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,440 in 2024 against €1,515 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39,668
Fixed assets
€5,701 ▼ 54.3%
Current assets
€33,967 ▲ 4.4%
Key figures and ratios
EBITDA
€4,338▼
2023 · €6,231
Cash flow
€514▼
2023 · €5,325
Solvency
-4.6%▼
2023 · 9.9%
Current ratio
1.32▲
2023 · 1.28
Debt to equity
-22.97▼
2023 · 9.10
ROA
-15.8%▼
2023 · -5.4%
Interest coverage
1.32▼
2023 · 9.04
Debt ≤ 1 year
€25,743▲
2023 · €25,340
Debt > 1 year
€15,730▲
2023 · €15,204
Income taxes
€530▲
2023 · €220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €203,913 | €220,634 | €254,353 | €418,499 | €333,085 | ▼ 20.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €206,881 | €237,797 | €412,278 | €327,290 | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,431 | €4,105 | €4,978 | €7,746 | €6,778 | ▼ 12.5% |
| Other operating charges640/8 | - | €1,106 | €721 | €2,124 | €3,201 | ▲ 50.7% |
| Gross operating margin9900 | -€9,212 | €15,267 | €18,099 | €8,355 | €7,539 | ▼ 9.8% |
| Operating profit (loss)9901 | -€12,050 | €10,055 | €12,401 | -€1,515 | -€2,440 | ▼ 61.0% |
| Financial income75/76B | - | €2,571 | - | €2 | - | - |
| Recurring financial income75 | - | €2,571 | - | €2 | - | - |
| Financial charges65/66B | - | €697 | €2,184 | €689 | €3,294 | ▲ 378% |
| Recurring financial charges65 | €2,191 | €697 | €2,184 | €689 | €3,294 | ▲ 378% |
| Profit (loss) for the period before taxes9903 | -€14,241 | €11,930 | €10,217 | -€2,202 | -€5,734 | ▼ 160% |
| Income taxes67/77 | €110 | - | €2,794 | €220 | €530 | ▲ 141% |
| Profit (loss) for the period9904 | -€14,351 | €11,930 | €7,422 | -€2,422 | -€6,264 | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | -€14,351 | €11,930 | €7,422 | -€2,422 | -€6,264 | ▼ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,953 | €31,362 | €36,825 | €45,002 | €39,668 | ▼ 11.9% |
| Formation expenses20 | €641 | €428 | €214 | - | - | - |
| Fixed assets21/28 | €5,016 | €6,075 | €14,311 | €12,479 | €5,701 | ▼ 54.3% |
| Tangible fixed assets22/27 | €4,716 | €5,775 | €14,311 | €12,479 | €5,701 | ▼ 54.3% |
| Plant, machinery and equipment23 | - | €4,354 | €2,399 | €445 | - | - |
| Furniture and vehicles24 | - | €1,421 | €11,912 | €12,034 | €5,701 | ▼ 52.6% |
| Financial fixed assets28 | €300 | €300 | - | - | - | - |
| Current assets29/58 | €16,295 | €24,860 | €22,300 | €32,524 | €33,967 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €15,274 | €21,411 | €5,195 | €27,544 | €33,967 | ▲ 23.3% |
| Trade receivables40 | - | €20,059 | €2,808 | €24,268 | €30,894 | ▲ 27.3% |
| Other amounts receivable41 | - | €1,352 | €2,387 | €3,277 | €3,073 | ▼ 6.2% |
| Cash at bank and in hand54/58 | €1,021 | €3,449 | €17,106 | €4,980 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,953 | €31,362 | €36,825 | €45,002 | €39,668 | ▼ 11.9% |
| Equity10/15 | -€12,472 | -€543 | €6,880 | €4,458 | -€1,806 | ▼ 141% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Capital10 | - | €1 | €1 | €1 | €1 | = |
| Issued capital100 | - | €1 | €1 | €1 | €1 | = |
| Reserves13 | €1,878 | €1,878 | €1,878 | €1,878 | €1,878 | = |
| Non-distributable reserves130/1 | - | €1,878 | €1,878 | €1,878 | €1,878 | = |
| Legal reserve130 | - | €1,878 | €1,878 | €1,878 | €1,878 | = |
| Profit (loss) carried forward14 | -€14,351 | -€2,421 | €5,001 | €2,579 | -€3,685 | ▼ 243% |
| Amounts payable17/49 | €34,425 | €31,905 | €29,946 | €40,544 | €41,474 | ▲ 2.3% |
| Amounts payable after more than one year17 | €8,288 | €4,865 | €1,727 | €15,204 | €15,730 | ▲ 3.5% |
| Financial debts170/4 | - | €4,865 | €1,727 | €15,204 | €15,730 | ▲ 3.5% |
| Amounts payable within one year42/48 | €26,137 | €27,040 | €28,219 | €25,340 | €25,743 | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,442 | €9,804 | ▲ 121% |
| Financial debts43 | - | - | - | - | €3,763 | - |
| Credit institutions430/8 | - | - | - | - | €3,763 | - |
| Trade debts44 | €3,154 | €9,601 | €13,147 | €9,595 | €6,094 | ▼ 36.5% |
| Suppliers440/4 | - | €9,601 | €13,147 | €9,595 | €6,094 | ▼ 36.5% |
| Taxes, remuneration and social security45 | - | €110 | €2,365 | €2,585 | €352 | ▼ 86.4% |
| Taxes450/3 | - | €110 | €2,365 | €2,585 | €352 | ▼ 86.4% |
| Other amounts payable47/48 | - | €17,329 | €12,707 | €8,718 | €5,730 | ▼ 34.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,351 | €11,930 | €7,422 | -€2,422 | -€6,264 | ▼ 159% |
| + Depreciation and write-downs630 | €2,431 | €4,105 | €4,978 | €7,746 | €6,778 | ▼ 12.5% |
| Operating cash flow (approximation) | -€11,920 | €16,035 | €12,400 | €5,325 | €514 | ▼ 90.3% |
| Investment in fixed assets (approximation) | - | -€5,164 | -€13,214 | -€5,914 | €0 | ▲ 100% |
| Change in cash | - | €2,428 | €13,657 | -€12,126 | - | - |
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
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 226 days late
2021
31-12
Financial
Back to profitnet €11,930
Net result €11,930 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€14,351
Net result drops to -€14,351, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018
Ground area
119 m²
Building footprint
82 m²
Volume, LiDAR
1,138 m³
Parcel 21562A0391/00R004, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HalusaConstuct
since 20182.345.055.370
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0391/00R004 | Brussels | 119 m² | 1 · 82 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 4,019 companies in sector 43310 we hold annual accounts for 1,746. 683 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 (pre-2019)
Founded11-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Contact
E-mail
halusaconstruct@outlook.com
Scores and ratios are computed by Checked and are not a credit decision.