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HAPPY CONSTRUCT

Active
Private limited companyfounded 2014active for 12 yearsPicardstraat 7, 1000 Brussel, BelgiumKBO/BCE: BE 0544.691.820
Summary

HAPPY CONSTRUCT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,757 and a net result of €60,414. Equity has been growing by about 9.1% per year since 2019. Its solvency ranks better than 24% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Overview

Official details

Source: KBO
Status
Active since 23-01-2014 Normal situation
Registered office
238 active companies are registered at this address 18 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Site preparation NACE 43120and 6 others
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 30-06-2022
Establishment unit
2.226.222.254 1000 Brussel, since 03-02-2014
Financial year end
30 June
Peppol
Reachable since 22-10-2025

Board and ownership

Board

Financial position

82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 30-06-2025
Gross margin
€1.0m
▲ 19.4%
Turnover
≈ €2.9m
estimated
Profit
€60,414
▲ 189%
Equity
€229,757
▲ 35.7%
Total assets
€982,512
▲ 67.2%
Staff
16.9 FTE
▼ 6.1%
  • 2025 accounts filed 7 days after the deadline
Score breakdownraises riskSize: 16.9 FTE, total assets €982,512Sector: Specialised construction activities (NACE 43)Equity €229,757 (23.4% of total assets)lowers riskFounded in 2014Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 48-6
equity 23.4% of total assets
Liquidity 32+5
short-term debt 74.9% · cash 17.8%
Profitability 76+3
return on assets 6.1%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: 1.9% 01-2025: 2.2%▲ +0.3 percentage points vs 12-2024highest value 02-2025: 0.9%▼ -1.3 percentage points vs 01-2025 03-2025: 0.6%▼ -0.3 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.7%▲ +0.1 percentage points vs 09-2025 11-2025: 0.6%▼ -0.1 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.2 percentage points vs 12-2025 02-2026: 1.4%▲ +0.6 percentage points vs 01-2026 03-2026: 0.5%▼ -0.9 percentage points vs 02-2026lowest value 04-2026: 0.5%● unchanged vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026lowest value 06-2026: 0.5%● unchanged vs 05-2026lowest value 07-2026: 0.5%● unchanged vs 06-2026lowest value 08-2026: 0.5%● unchanged vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.4 in 2024), below the usual 1.5. Short-term debt is 74.9% and cash 17.8% of total assets. 76.6% of the assets are financed with debt and provisions.
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 43, small). It does better than 26% of them on solvency, 26% on liquidity, 62% on profitability and 87% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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 · Size: 16.9 FTE, total assets €982,512
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2014
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Equity €229,757 (23.4% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2445 sector peers (2025).
NBB · sector comparison
Position among 2445 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-02-2026, 7 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
7 days late
2024
3 days early
2023
32 days early
2022
29 days early
2021
10 days early
2020
3 days early
2019
21 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

2025 annual accounts filed 7 days after the deadline Filed on 7 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036603.

Annual accounts 2025 filed on 07-02-2026 PDF all 11 filings

Turnover
≈ €2.9m
Estimated: probably between €2.2m and €3.9m
EBIT margin
Not included in this filing
Net result
€60,414▲ 189%
2024 · €20,871
Working capital
€245,628▲ 45.2%
2024 · €169,194
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€86,173
▲ 165% 2025
20192025
Net result
€60,414
▲ 189% 2025
middle half of the sector
20192025
Equity
€229,757
▲ 35.7% 2025
middle half of the sector
20192025
Total assets
€982,512
▲ 67.2% 2025
middle half of the sector
20192025
Debt
€752,754
▲ 80.0% 2025
20192025
Working capital
€245,628
▲ 45.2% 2025
middle half of the sector
20192025
Solvency
23.4%
▼ 5.4pp 2025
lowest quarter of the sector
20192025
Current ratio
1.33
▼ 0.07 2025
middle half of the sector
20192025
Return on assets (ROA)
6.1%
▲ 2.6pp 2025
middle half of the sector
20192025
Staff (FTE)
16.9
▼ 6.1% 2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€72,348-€75,623▲ 4.5%€14,349▼ 81.0%€36,479▲ 154%€19,223▼ 47.3%€32,571▲ 69.4%€86,173▲ 165%
Net result€7,842-€30,728within the sector's middle half▲ 292%€5,330within the sector's middle half▼ 82.7%€15,822within the sector's middle half▲ 197%€7,810within the sector's middle half▼ 50.6%€20,871within the sector's middle half▲ 167%€60,414within the sector's middle half▲ 189%
Equity€174,583-€119,511within the sector's middle half▼ 31.5%€124,841within the sector's middle half▲ 4.5%€140,663within the sector's middle half▲ 12.7%€148,472within the sector's middle half▲ 5.6%€169,344within the sector's middle half▲ 14.1%€229,757within the sector's middle half▲ 35.7%
Total assets€546,859-€630,240within the sector's middle half▲ 15.2%€612,888within the sector's middle half▼ 2.8%€441,440within the sector's middle half▼ 28.0%€775,444within the sector's middle half▲ 75.7%€587,644within the sector's middle half▼ 24.2%€982,512within the sector's middle half▲ 67.2%
Debt€372,277-€510,729▲ 37.2%€488,048▼ 4.4%€300,778▼ 38.4%€626,972▲ 108%€418,301▼ 33.3%€752,754▲ 80.0%
Working capital€169,846-€119,096within the sector's middle half▼ 29.9%€118,306within the sector's middle half▼ 0.7%€136,261within the sector's middle half▲ 15.2%€176,361within the sector's middle half▲ 29.4%€169,194within the sector's middle half▼ 4.1%€245,628within the sector's middle half▲ 45.2%
Solvency31.9%-19.0%below the sector's middle half▼ 13.0pp20.4%below the sector's middle half▲ 1.4pp31.9%within the sector's middle half▲ 11.5pp19.1%below the sector's middle half▼ 12.7pp28.8%within the sector's middle half▲ 9.7pp23.4%below the sector's middle half▼ 5.4pp
Current ratio1.46-1.23within the sector's middle half▼ 0.221.24within the sector's middle half▲ 0.011.45within the sector's middle half▲ 0.211.29within the sector's middle half▼ 0.161.40within the sector's middle half▲ 0.111.33within the sector's middle half▼ 0.07
Return on assets (ROA)1.4%-4.9%within the sector's middle half▲ 3.4pp0.9%within the sector's middle half▼ 4.0pp3.6%within the sector's middle half▲ 2.7pp1.0%within the sector's middle half▼ 2.6pp3.6%within the sector's middle half▲ 2.5pp6.1%within the sector's middle half▲ 2.6pp
Staff (FTE)8.7-8.3within the sector's middle half▼ 4.6%15.5within the sector's middle half▲ 86.7%18.7above the sector's middle half▲ 20.6%17.7within the sector's middle half▼ 5.3%18within the sector's middle half▲ 1.7%16.9within the sector's middle half▼ 6.1%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 165% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €982,512
Fixed assets €1,439 ▲ 859%
Current assets €981,073 ▲ 67.0%
Equity and liabilities €982,512
Equity €229,757 ▲ 35.7%
Debt €752,754 ▲ 80.0%
Debt's share of the balance-sheet total rises from 71.2% to 76.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€86,288▲
2024 · €33,505
Cash flow
€60,529▲
2024 · €21,805
Debt to equity
3.28▲
2024 · 2.47
ROE
26.3%▲
2024 · 12.3%
Interest coverage
46.60▲
2024 · 7.79
Debt ≤ 1 year
€735,445▲
2024 · €418,301
Income taxes
€23,997▲
2024 · €7,399
Staff costs
€947,459▲
2024 · €833,060
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-202230-06-2023
Employees at the balance-sheet date2017
full-time2017
part-time00
in full-time equivalents2017
Average over the year, in full-time equivalents18.717.7
On a permanent contract2017
Joined20
Left03

Source: social balance sheet in the 2022 to 2023 annual accounts

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets---€1,404
Depreciation and write-downs of the year€3,493€3,318€934€115

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.6m€1.0m▲
Fixed assets21/28€150€0.001m▲
Tangible fixed assets22/27€0€0.001m▲
Furniture and vehicles24€0€0.001m▲
Financial fixed assets28€150€150=
Current assets29/58€0.6m€1.0m▲
Amounts receivable within one year40/41€0.5m€0.8m▲
Trade receivables40€0.5m€0.8m▲
Other amounts receivable41€0.003m-
Cash at bank and in hand54/58€0.07m€0.2m▲
Deferred charges and accrued income490/1€0.001m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€0.6m€1.0m▲
Equity10/15€0.2m€0.2m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.02m€0.02m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.02m€0.02m=
Profit (loss) carried forward14€0.1m€0.2m▲
Amounts payable17/49€0.4m€0.8m▲
Amounts payable within one year42/48€0.4m€0.7m▲
Trade debts44€0.1m€0.4m▲
Suppliers440/4€0.1m€0.4m▲
Taxes, remuneration and social security45€0.3m€0.3m▲
Taxes450/3€0.09m€0.09m▲
Remuneration and social security454/9€0.2m€0.2m▲
Other amounts payable47/48€0.05m€0.04m▼
Accrued charges and deferred income492/3-€0.02m
Income statement Code20242025
Remuneration, social security and pensions62€0.8m€0.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.001m€115▼
Other operating charges640/8€0.002m€0.003m▲
Gross operating margin9900€0.9m€1.0m▲
Operating profit (loss)9901€0.03m€0.09m▲
Financial income75/76B-€90
Recurring financial income75-€90
Financial charges65/66B€0.004m€0.002m▼
Recurring financial charges65€0.004m€0.002m▼
Profit (loss) for the period before taxes9903€0.03m€0.08m▲
Income taxes67/77€0.007m€0.02m▲
Profit (loss) for the period9904€0.02m€0.06m▲
Profit (loss) for the period to be appropriated9905€0.02m€0.06m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.1m▲
Social balance sheet
Average headcount (FTE)908718.016.9▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 07-02-2026.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62---€0.7m€0.8m€0.8m€0.9m▲ 13.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.004m€0.004m€0.003m€0.003m€0.003m€0.001m€115▼ 87.6%
Other operating charges640/8---€0.002m€0.001m€0.002m€0.003m▲ 69.8%
Gross operating margin9900€0.5m€0.4m€0.7m€0.8m€0.8m€0.9m€1.0m▲ 19.4%
Operating profit (loss)9901€0.07m€0.08m€0.01m€0.04m€0.02m€0.03m€0.09m▲ 165%
Financial income75/76B----€4-€90-
Recurring financial income75-€0--€4-€90-
Financial charges65/66B---€0.01m€0.005m€0.004m€0.002m▼ 56.9%
Recurring financial charges65€0.02m€0.02m€0.003m€0.01m€0.005m€0.004m€0.002m▼ 56.9%
Profit (loss) for the period before taxes9903€0.05m€0.06m€0.01m€0.02m€0.01m€0.03m€0.08m▲ 199%
Income taxes67/77€0.04m€0.03m€0.006m€0.007m€0.007m€0.007m€0.02m▲ 224%
Profit (loss) for the period9904€0.008m€0.03m€0.005m€0.02m€0.008m€0.02m€0.06m▲ 189%
Profit (loss) for the period to be appropriated9905€0.008m€0.03m€0.005m€0.02m€0.008m€0.02m€0.06m▲ 189%
Line2019202020212022202320242025Change
Assets
Total assets20/58€546,859€630,240€612,888€441,440€775,444€587,644€982,512▲ 67.2%
Fixed assets21/28€4,737€587€7,895€4,402€1,084€150€1,439▲ 859%
Tangible fixed assets22/27€4,587€437€7,745€4,252€934€0€1,289-
Furniture and vehicles24---€4,252€934€0€1,289-
Financial fixed assets28€150€150€150€150€150€150€150=
Current assets29/58€542,122€629,652€604,994€437,038€774,360€587,494€981,073▲ 67.0%
Amounts receivable within one year40/41€533,911€622,210€430,553€391,824€726,645€515,078€798,339▲ 55.0%
Trade receivables40---€389,189€726,235€512,098€798,339▲ 55.9%
Other amounts receivable41---€2,635€410€2,981--
Cash at bank and in hand54/58€4,380€3,271€167,340€45,215€47,442€71,622€175,335▲ 145%
Deferred charges and accrued income490/1----€274€793€7,398▲ 832%
Equity and liabilities
Total equity and liabilities10/49€546,859€630,240€612,888€441,440€775,444€587,644€982,512▲ 67.2%
Equity10/15€174,583€119,511€124,841€140,663€148,472€169,344€229,757▲ 35.7%
Contributions10/11€12,400€18,600€18,600€18,600€18,600€18,600€18,600=
Capital10---€18,600----
Issued capital100---€18,600----
Reserves13€20,610€20,610€20,610€20,610€20,610€20,610€20,610=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Legal reserve130---€1,860----
Reserves not available under the articles1311----€1,860€1,860€1,860=
Tax-exempt reserves132---€18,750€18,750€18,750€18,750=
Profit (loss) carried forward14€141,573€80,301€85,631€101,453€109,262€130,134€190,547▲ 46.4%
Amounts payable17/49€372,277€510,729€488,048€300,778€626,972€418,301€752,754▲ 80.0%
Amounts payable after more than one year17--€1,360-----
Amounts payable within one year42/48€372,277€510,556€486,687€300,778€597,999€418,301€735,445▲ 75.8%
Current portion of amounts payable after more than one year42---€1,360----
Trade debts44€240,305€237,330€130,473€56,697€411,415€105,568€393,113▲ 272%
Suppliers440/4---€56,697€411,415€105,568€393,113▲ 272%
Taxes, remuneration and social security45---€193,115€98,718€264,117€300,008▲ 13.6%
Taxes450/3---€19,625€46,079€93,497€94,795▲ 1.4%
Remuneration and social security454/9---€173,491€52,639€170,620€205,213▲ 20.3%
Other amounts payable47/48---€49,605€87,866€48,615€42,324▼ 12.9%
Accrued charges and deferred income492/3----€28,973-€17,309-
Line2019202020212022202320242025Change
Profit (loss) for the period9904€7,842€30,728€5,330€15,822€7,810€20,871€60,414▲ 189%
+ Depreciation and write-downs630€4,150€4,150€2,563€3,493€3,318€934€115▼ 87.6%
Operating cash flow (approximation)€11,992€34,878€7,892€19,315€11,128€21,805€60,529▲ 178%
Investment in fixed assets (approximation)-€0-€9,870€0€0€0-€1,404-
Change in cash--€1,109€164,069-€122,125€2,227€24,181€103,713▲ 329%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,609 companies had the same profile as HAPPY CONSTRUCT has now. Two years later, 96.8% were still going and 1.0% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.8% was still going
2.1% stopped otherwise
1.0% went bankrupt

That fits the bankruptcy probability of HAPPY CONSTRUCT itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,609 companies, not a prediction for HAPPY 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.

Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 07-02-2026 2026-00036603 PDF
30-06-2024 full format 28-01-2025 2025-00014699 PDF
30-06-2023 full format 30-12-2023 2024-00543201 PDF
30-06-2022 full format 02-01-2023 2023-20556610 PDF
30-06-2021 full format 21-01-2022 2022-01600384 PDF
30-06-2020 full format 28-01-2021 2021-02300397 PDF
30-06-2019 full format 10-01-2020 2020-00800255 PDF
30-06-2018 full format 21-01-2019 2019-02100088 PDF
30-06-2017 full format 01-02-2018 2018-04100411 PDF
30-06-2016 full format 16-02-2017 2017-04500313 PDF

Show all 11 filings

Board & ownership

Directors

Directors
1 director, last change in 2023
Mehmet OZCELIK
Director · appointed in the act of 07-02-2023 · term without a fixed end
Current

Owners and capital

Capital transactions

Capital over time
  1. 07-02-2023 Converted to unavailable equity
  2. 07-02-2023 Converted to available equity

Articles of association

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs proportionnellement si plusieurs, frais procédure et expertise, déduction faite des actions dont cession…”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, quelque cause et à quelque moment que ce…”

Articles of association, deed of 07-02-2023 (in French)

Network & group

HAPPY CONSTRUCT shares no director with another company.

Companies at the same address

237 other companies

Connections & network

1 current director
Depth

The network starts from the directors of HAPPY CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
07-02
NBB filing Annual accounts 2025 filedPDF
full format · 7 days late
2025
30-06
Financial Highest result from 2019 to 2025net €60,414 ▲189%
The operating result of €86,173 and the net result of €60,414 are both a record.
30-06
Financial Equity above €200,000equity €229,757 ▲35.7%
With a profit in every financial year since 2019, equity grows to €229,757.
28-01
NBB filing Annual accounts 2024 filedPDF
full format · 3 days before the deadline
2024
30-06
Financial Equity above €150,000equity €169,344 ▲14.1%
With a profit in every financial year since 2019, equity grows to €169,344.
2023
30-12
NBB filing Annual accounts 2023 filedPDF
full format · 32 days before the deadline
07-02
Gazette deed Registered office moved from Schaerbeek to Bruxelles
Appointment: Mehmet OZCELIK (director) · Power of attorney · Board rule11 points ▸
  • Power of attorney, Jean-François POELMAN
  • Other provision, “fin de fonction administrateurs actuels (anciens gérants), mandat conféré sous empire ancien Code des sociétés” (deed in French)
  • Board rule, 1
  • Director appointment, Mehmet OZCELIK (director)
  • Registered office clause, “rue Picard,7,Box 100, Bruxelles” (deed in French)
  • General meeting, 31-01-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital conversion, “disponible pour distribution” (deed in French)
  • Registered-office move, Rue Picard,7,Box 100 1000 Bruxelles
  • Capital

Open the act in the Belgian Official Gazette

02-01
NBB filing Annual accounts 2022 filedPDF
full format · 29 days before the deadline
2022
21-01
NBB filing Annual accounts 2021 filedPDF
full format · 10 days before the deadline
2021
30-06
Financial Weakest financial yearnet €5,330 ▼82.7%
The net result drops to €5,330, the lowest from 2019 to 2025. It recovers the following year.
28-01
NBB filing Annual accounts 2020 filedPDF
full format · 3 days before the deadline
2020
10-01
NBB filing Annual accounts 2019 filedPDF
full format · 21 days before the deadline
Show earlier events
2019
21-01
NBB filing Annual accounts 2018 filedPDF
full format · 10 days before the deadline
2018
01-02
NBB filing Annual accounts 2017 filedPDF
full format · 1 day late
2017
16-02
NBB filing Annual accounts 2016 filedPDF
full format · 16 days late
2014
27-01
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

HAPPY CONSTRUCT was incorporated on 23 January 2014.1 The registered office was moved to Bruxelles in 2023.2 Total assets rose from €546,859 in 2019 to €982,512 in 2025 and headcount from 8.7 to 16.9 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-02-2023
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name HAPPY CONSTRUCT in French
Enterprise number 0544.691.820
Legal form Private limited company
Status Active, normale toestand
Founded 23-01-2014
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-02-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, Article 2”
deed of 07-02-2023 (in French)

Registered office and establishments

Registered office Picardstraat 7, 1000 Brussel, Belgium
1 former office
  • boulevard Lambermont,140,boîte 2/G, 1030 Schaerbeek until 31-01-2023 · act of 07-02-2023
Establishment unit HAPPY CONSTRUCT, Picardstraat 7, 1000 Brussel since 03-02-2014 · unit number 2.226.222.2543312003 Repair and maintenance of machinery

Activities

NACEBEL 2025
VAT activities
43120 Site preparation main activity
33120 Repair and maintenance of machinery
42110 Construction of roads and motorways
43230 Insulation installation
43240 Other construction installation
43350 Other building finishing work
Social security (RSZ) activities
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
VAT activities
43120 Site preparation main activity
33120 Repair, maintenance and installation of machinery and equipment
42110 Construction of roads and motorways
43291 Specialised construction activities
43299 Specialised construction activities
43390 Specialised construction activities
Social security (RSZ) activities
41201 General construction of buildings main activity
Joint committee 124 Paritair Comité voor het bouwbedrijf annual accounts 30-06-2022
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’entreprise générale de bâtiment,éventuellement par coordination de sous-traitance et comprenant ainsi notamment la construction,la…”
7 activities
  1. L’entreprise générale de bâtiment,éventuellement par coordination de sous-traitance et comprenant ainsi notamment la construction,la fabrication,l’entreprise ou le parachèvement,l’achat,la vente ou la location,pour son compte ou celui de tiers,de tout ce qui concerne,directement ou indirectement,le bâtiment,le placement de matériaux isolants au point de vue thermique et acoustique,les travaux routiers,hydrauliques et de dragages,les ouvrages d’arts,la préfabrication,les constructions métalliques,les terrassements,le nettoyage de chantiers,ainsi que l’exportation de matériaux de construction,de matériaux de gros œuvre,de finitions allant jusque et y compris le clef sur porte,inclus l’ameublement et la décoration des bâtiments,l’étude et la réalisation de projets de constructions industrielles et/ou commerciales.
  2. L'achat,la vente,l'import,l'export,le commerce en gros et détail,le négoce de vins,liqueurs,bières,eaux,spiritueux,alimentation et tous produits du secteur « Horeca » en général.
  3. Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur « Horeca » .
  4. L'organisation de banquets,de réception,de service traiteur,y compris l'organisation,la gestion et l'exploitation de restaurants,débits de boissons et autres.
  5. L'activité de petite restauration,la vente de produits frais et de plats préparés à consommer sur place et à emporter.
  6. L’achat,la vente,l’importation,l’exportation et le négoce de véhicules à moteur et accessoires,neufs et d’occasion,de lubrifiant,graisses ainsi que de tous produits manufacturés et non manufacturés.
  7. Le commerce en gros et le négoce de tout matériel,outillage et autres objets se rapportant directement ou indirectement aux activités précitées.
deed of 07-02-2023 (in French)

Invoicing and payment

VAT number BE 0544.691.820
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0544691820
Registered 22-10-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

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. Use the enterprise number 0544.691.820

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06

Recognitions · licences · registrations

Recognised contractor

1 category
HAPPY CONSTRUCT SRLapproval number 42169
  • D1 All shell construction and roofing-in of buildingsclass 3, up to €600,000
decision 11-07-2022

Sites & property

Location
registered office establishment The establishment unit on the map
238 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
4.4 ha
Building footprint
3.9 ha
Building volume
615,702 m³
Cadastral parcel Region Area Buildings Height / floors
21814P0441/00B000 Brussels 4.4 ha 1 · 3.9 ha 34.0 m · 6