HAPPY CONSTRUCT
The computed 12-month bankruptcy probability of HAPPY CONSTRUCT is 1.6% (moderate). The 2025 annual accounts show equity of €230k and a net result of €60k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 34% of 117 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €230k |
| Net result | €60k |
| Staff (FTE) | 16.9 |
| Better than sector | 34% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.4% | 39.4% | |
| Net result | €60k | €22k | |
| Equity | €230k | €123k | |
| Gross operating margin | €1.04M | €146k | |
| Staff costs | €947k | €217k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €86k | €34k | €23k |
| Net profit | €60k | €21k | €8k |
| Cash flow | €61k | €22k | €11k |
| Staff costs | €947k | €833k | €821k |
| Income taxes | €24k | €7k | €7k |
| Dividends | - | - | - |
| Total assets | €983k | €588k | €775k |
| Equity | €230k | €169k | €148k |
| Debt | €753k | €418k | €627k |
| of which ≤ 1y | €735k | €418k | €598k |
| of which > 1y | - | - | - |
| Working capital | €246k | €169k | €176k |
| Employees (FTE) | 16.9 | 18.0 | 17.7 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.33 | 1.40 | 1.29 |
| Quick ratio | 1.33 | 1.40 | 1.29 |
| Working capital ratio | 25.0% | 28.8% | 22.7% |
| Solvency | 23.4% | 28.8% | 19.1% |
| Debt / equity | 3.28 | 2.47 | 4.22 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 46.60 | 7.79 | 4.95 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 6.1% | 3.6% | 1.0% |
| ROE | 26.3% | 12.3% | 5.3% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €983k | €588k | €775k |
| Fixed assets | 21/28 | €1k | €150 | €1k |
| Tangible fixed assets | 22/27 | €1k | €0 | €934 |
| Financial fixed assets | 28 | €150 | €150 | €150 |
| Current assets | 29/58 | €981k | €587k | €774k |
| Amounts receivable within one year | 40/41 | €798k | €515k | €727k |
| Cash & bank | 54/58 | €175k | €72k | €47k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €983k | €588k | €775k |
| Equity | 10/15 | €230k | €169k | €148k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €21k | €21k | €21k |
| Accumulated profits (losses) | 14 | €191k | €130k | €109k |
| Amounts payable | 17/49 | €753k | €418k | €627k |
| Amounts payable within one year | 42/48 | €735k | €418k | €598k |
| Trade debts payable within one year | 44 | €393k | €106k | €411k |
| Income statement | ||||
| Gross operating margin | 9900 | €1.04M | €868k | €845k |
| Operating result | 9901 | €86k | €33k | €19k |
| Financial income | 75 | €90 | - | €4 |
| Financial charges | 65 | €2k | €4k | €5k |
| Result before taxes | 9903 | €84k | €28k | €15k |
| Income taxes | 67/77 | €24k | €7k | €7k |
| Net result for the period | 9904 | €60k | €21k | €8k |
| Result to be appropriated | 9905 | €60k | €21k | €8k |
-
Mehmet OZCELIKDirector (executive)State Gazette act 23311944 (07-02-2023)Current07-02-2023 → present
| NACE primary | Site preparation(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 23-01-2014 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
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.
07-02-2023 Mehmet OZCELIK appointed as director (executive)
- Mehmet OZCELIK, Directeur
Technical details
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],
"notary": {
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"firm_name": "ACT \u0026 LEX",
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},
"act_meta": {
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"decisions": [
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"body": "algemene_vergadering",
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}
],
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"subject_company": {
"kbo": "0544.691.820",
"name_full": "HAPPY CONSTRUCT",
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},
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"co_filed_documents": [
"exp\u00E9dition de l\u0027acte",
"statuts coordonn\u00E9es"
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}| Legal nameFR | HAPPY CONSTRUCT |