HAVELANGE CONSTRUCT
ActiveSummary
HAVELANGE CONSTRUCT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €36k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-6
Solvency91▼-9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 4.66 in 2024; short-term debt: 27.4% and cash: 20.2% of total assets), and 34.4% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
65.6%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
19 d late
2023
8 d early
2022
on the day
2021
31 d late
2020
45 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▼ 48.1%
2024 · €70k
2018: €33k
2019: €18k
2020: €41k
2021: €20k
2022: €66k
2023: €41k
2024: €70k
2018 → 2025
Working capital
€344k▼ 5.6%
2024 · €364k
2018: €413k
2019: €389k
2020: €298k
2021: €323k
2022: €243k
2023: €281k
2024: €364k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€484k-€449k▼ 7.1%€443k▼ 1.4%€489k▲ 10.4%€416k▼ 14.9%
Operating result€31k-€82k▲ 162%€44k▼ 47.0%€87k▲ 99.4%€47k▼ 45.6%
Net result€20k-€66k▲ 233%€41k▼ 37.7%€70k▲ 71.9%€36k▼ 48.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €634k
Fixed assets
€117k ▼ 39.2%
Current assets
€517k ▲ 11.5%
Equity and liabilities €634k
Equity
€416k ▼ 14.9%
Provisions
€13k ▼ 25.7%
Debt
€205k ▲ 37.0%
Debt's share of the balance-sheet total rises from 22.8% to 32.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€125k▼
2024 · €162k
Cash flow
€114k▼
2024 · €146k
Current ratio
2.98▼
2024 · 4.66
Quick ratio
2.82▼
2024 · 4.16
Debt to equity
0.49▲
2024 · 0.31
ROE
8.8%▼
2024 · 14.4%
ROA
5.8%▼
2024 · 10.7%
Interest coverage
39.79▼
2024 · 53.16
Debt ≤ 1 year
€174k▲
2024 · €100k
Debt > 1 year
€31k▼
2024 · €49k
Income taxes
€18k▼
2024 · €18k
Staff costs
€141k▲
2024 · €103k
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€656k€634k▼
Fixed assets21/28€192k€117k▼
Tangible fixed assets22/27€192k€117k▼
Land and buildings22€47k€41k▼
Plant, machinery and equipment23€70k€53k▼
Furniture and vehicles24€75k€22k▼
Financial fixed assets28€50€50=
Current assets29/58€464k€517k▲
Stocks and contracts in progress3€50k€27k▼
Stocks30/36€5k€7k▲
Contracts in progress37€45k€20k▼
Amounts receivable within one year40/41€63k€25k▼
Trade receivables40€38k€8k▼
Other amounts receivable41€26k€17k▼
Current investments50/53€200k€325k▲
Cash at bank and in hand54/58€134k€128k▼
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€656k€634k▼
Equity10/15€489k€416k▼
Contributions10/11€12k€12k=
Reserves13€465k€391k▼
Tax-exempt reserves132€144k€130k▼
Distributable reserves133€321k€260k▼
Profit (loss) carried forward14€11k€11k▲
Investment grants15€825€2k▲
Provisions and deferred taxes16€18k€13k▼
Deferred taxes168€18k€13k▼
Amounts payable17/49€150k€205k▲
Amounts payable after more than one year17€49k€31k▼
Financial debts170/4€49k€31k▼
Amounts payable within one year42/48€100k€174k▲
Current portion of amounts payable after more than one year42€27k€18k▼
Trade debts44€34k€23k▼
Suppliers440/4€34k€23k▼
Taxes, remuneration and social security45€15k€23k▲
Taxes450/3€8k€13k▲
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€24k€110k▲
Accrued charges and deferred income492/3€1k€531▼
Income statement
Code20242025
Remuneration, social security and pensions62€103k€141k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€77k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€268k€270k▲
Operating profit (loss)9901€87k€47k▼
Financial income75/76B€10k€6k▼
Recurring financial income75€10k€6k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▲
Non-recurring financial charges66B€189-
Profit (loss) for the period before taxes9903€94k€50k▼
Transfer from deferred taxes780€5k€5k▼
Transfer to deferred taxes680€10k-
Income taxes67/77€18k€18k▼
Profit (loss) for the period9904€70k€36k▼
Transfer from tax-exempt reserves789€13k€14k▲
Transfer to tax-exempt reserves689€31k-
Profit (loss) for the period to be appropriated9905€53k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€61k▼
Profit (loss) brought forward from the previous period14P€10k€11k▲
Transfer from equity791/2€24k€110k▲
Transfer to equity691/2€52k€50k▼
To other reserves6921€52k€50k▼
Profit to be distributed694/7€24k€110k▲
Return on contributions (dividend)694€24k€110k▲
The notes to these accounts (8 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €70k ▲71.9%
Operating result €87k, net result €70k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Weakest financial yearnet €18k ▼44.1%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Havelange · 1 establishment unit since 1998
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.
Rue d'Aty(H) 455370 HavelangeGround area
4,225 m²
Building footprint
175 m²
Parcel 91064C0043/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue d'Aty(H) 45, 5370 Havelange
since 19982.089.744.145
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91064C0043/00F000 | Wallonia | 4,225 m² | 1 · 175 m² | - |
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.
Similar companies · same sector, comparable size
LMD
BE 0670.629.690
Celles (lez-Tournai) · Eq €416,329
BOUTRIBATI
BE 0436.691.822
Tournai · Eq €416,405
M DEUX
BE 0428.819.380
Watermaal-Bosvoorde · Eq €416,413
WONINGRENOVATIE B & G
BE 0442.005.046
Putte · Eq €415,934
VW Home - Invest
BE 0772.911.539
Balen · Eq €416,623
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 9,929 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
Founded25-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43331Floor and wall tiling
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.