HBJ CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of HBJ CONSTRUCTION is 1.7% (moderate). The 2025 annual accounts show equity of €498,690 and a net result of €179,666. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 7625 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+27
Solvency98▲+40
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 0.93 in 2024; short-term debt: 26.9% and cash: 0.8% of total assets), and 26.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
73.1%
Return on assets
26.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €498,690
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
61 d late
2023
34 d late
2022
43 d late
2021
88 d late
2020
31 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 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 15 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€498,690▲ 600%
2024 · €71,265
Total assets
€682,438▲ 213%
2024 · €217,849
Net result
€179,666▲ 1,478%
2024 · €11,384
Working capital
€495,344
2024 · -€9,972
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€36,618▼ 335%€24,259€84,235▲ 247%€33,459▼ 60.3%€226,220▲ 576%
Net result-€36,655below the sector's middle half▼ 342%€24,066within the sector's middle half€75,767above the sector's middle half▲ 215%€11,384within the sector's middle half▼ 85.0%€179,666above the sector's middle half▲ 1,478%
Equity€55,048within the sector's middle half▼ 40.0%€79,114within the sector's middle half▲ 43.7%€154,881above the sector's middle half▲ 95.8%€71,265within the sector's middle half▼ 54.0%€498,690above the sector's middle half▲ 600%
Total assets€70,516within the sector's middle half▼ 29.7%€116,314within the sector's middle half▲ 64.9%€314,261above the sector's middle half▲ 170%€217,849within the sector's middle half▼ 30.7%€682,438above the sector's middle half▲ 213%
Debt€15,468▲ 78.9%€37,200▲ 140%€159,380▲ 328%€146,585▼ 8.0%€183,748▲ 25.4%
Working capital€53,397within the sector's middle half▼ 41.1%€78,066within the sector's middle half▲ 46.2%-€38,692below the sector's middle half-€9,972below the sector's middle half▲ 74.2%€495,344above the sector's middle half
Solvency78.1%above the sector's middle half▼ 13.3pp68.0%above the sector's middle half▼ 10.0pp49.3%within the sector's middle half▼ 18.7pp32.7%within the sector's middle half▼ 16.6pp73.1%above the sector's middle half▲ 40.4pp
Current ratio4.45above the sector's middle half▼ 7.043.10above the sector's middle half▼ 1.350.76below the sector's middle half▼ 2.340.93below the sector's middle half▲ 0.173.70above the sector's middle half▲ 2.76
Return on assets (ROA)-52.0%below the sector's middle half▼ 43.7pp20.7%above the sector's middle half▲ 72.7pp24.1%above the sector's middle half▲ 3.4pp5.2%within the sector's middle half▼ 18.9pp26.3%above the sector's middle half▲ 21.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 576% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €682,438
Fixed assets
€3,346 ▼ 95.9%
Current assets
€679,092 ▲ 397%
Equity and liabilities €682,438
Equity
€498,690 ▲ 600%
Debt
€183,748 ▲ 25.4%
Debt's share of the balance-sheet total falls from 67.3% to 26.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€228,835▲
2024 · €35,415
Cash flow
€182,281▲
2024 · €13,340
Quick ratio
3.10▲
2024 · 0.93
Debt to equity
0.37▼
2024 · 2.06
ROE
36.0%▲
2024 · 16.0%
Interest coverage
139.70▲
2024 · 5.77
Debt ≤ 1 year
€183,748▲
2024 · €146,585
Income taxes
€44,916▲
2024 · €15,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,488 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €602 | €602 | €1,835 | €1,956 | €2,615 | ▲ 33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14,862 | -€14,862 | ▼ 200% |
| Other operating charges640/8 | €11,471 | - | €386 | €250,672 | €109,691 | ▼ 56.2% |
| Non-recurring operating charges66A | - | - | - | €16,819 | - | - |
| Gross operating margin9900 | -€24,546 | €24,862 | €86,455 | €319,255 | €323,664 | ▲ 1.4% |
| Operating profit (loss)9901 | -€36,618 | €24,259 | €84,235 | €33,459 | €226,220 | ▲ 576% |
| Financial charges65/66B | €37 | €193 | €376 | €6,133 | €1,638 | ▼ 73.3% |
| Recurring financial charges65 | €37 | €149 | €376 | €6,133 | €1,638 | ▼ 73.3% |
| Non-recurring financial charges66B | - | €44 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€36,655 | €24,066 | €83,859 | €27,325 | €224,582 | ▲ 722% |
| Income taxes67/77 | - | - | €8,092 | €15,941 | €44,916 | ▲ 182% |
| Profit (loss) for the period9904 | -€36,655 | €24,066 | €75,767 | €11,384 | €179,666 | ▲ 1,478% |
| Profit (loss) for the period to be appropriated9905 | -€36,655 | €24,066 | €75,767 | €11,384 | €179,666 | ▲ 1,478% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,516 | €116,314 | €314,261 | €217,849 | €682,438 | ▲ 213% |
| Fixed assets21/28 | €1,650 | €1,048 | €193,572 | €81,236 | €3,346 | ▼ 95.9% |
| Tangible fixed assets22/27 | €1,650 | €1,048 | €19,233 | €5,961 | €3,346 | ▼ 43.9% |
| Plant, machinery and equipment23 | €949 | €712 | €1,782 | €1,254 | €726 | ▼ 42.1% |
| Furniture and vehicles24 | €701 | €336 | €17,451 | €4,707 | €2,620 | ▼ 44.3% |
| Financial fixed assets28 | - | - | €174,339 | €75,275 | - | - |
| Current assets29/58 | €68,865 | €115,266 | €120,688 | €136,613 | €679,092 | ▲ 397% |
| Stocks and contracts in progress3 | - | €109,862 | €109,862 | - | €109,862 | - |
| Stocks30/36 | - | €109,862 | €109,862 | - | €109,862 | - |
| Amounts receivable within one year40/41 | €19,530 | €5,241 | €8,524 | - | €563,530 | - |
| Trade receivables40 | - | - | - | - | €547,275 | - |
| Other amounts receivable41 | €19,530 | €5,241 | €8,524 | - | €16,255 | - |
| Cash at bank and in hand54/58 | €49,335 | €163 | €2,302 | €136,613 | €5,700 | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,516 | €116,314 | €314,261 | €217,849 | €682,438 | ▲ 213% |
| Equity10/15 | €55,048 | €79,114 | €154,881 | €71,265 | €498,690 | ▲ 600% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €5,000 | €100,000 | ▲ 1,900% |
| Profit (loss) carried forward14 | -€44,952 | -€20,886 | €54,881 | €66,265 | €398,690 | ▲ 502% |
| Amounts payable17/49 | €15,468 | €37,200 | €159,380 | €146,585 | €183,748 | ▲ 25.4% |
| Amounts payable within one year42/48 | €15,468 | €37,200 | €159,380 | €146,585 | €183,748 | ▲ 25.4% |
| Trade debts44 | €11,667 | - | €24,424 | €69,509 | €4,363 | ▼ 93.7% |
| Suppliers440/4 | €11,667 | - | €24,424 | €69,509 | €4,363 | ▼ 93.7% |
| Advances received on contracts in progress46 | - | - | - | - | €55,412 | - |
| Taxes, remuneration and social security45 | - | - | €24,575 | €30,778 | €123,603 | ▲ 302% |
| Taxes450/3 | - | - | €24,575 | €30,778 | €123,603 | ▲ 302% |
| Other amounts payable47/48 | €3,801 | €37,200 | €110,381 | €46,298 | €370 | ▼ 99.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,655 | €24,066 | €75,767 | €11,384 | €179,666 | ▲ 1,478% |
| + Depreciation and write-downs630 | €602 | €602 | €1,835 | €1,956 | €2,615 | ▲ 33.7% |
| Operating cash flow (approximation) | -€36,053 | €24,669 | €77,601 | €13,340 | €182,281 | ▲ 1,266% |
| Investment in fixed assets (approximation) | - | €0 | -€194,359 | €110,380 | €75,275 | ▼ 31.8% |
| Change in cash | - | -€49,172 | €2,139 | €134,311 | -€130,913 | ▼ 197% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
08-06
State Gazette act
Registered office · Purpose · Resignations & appointmentsName change · Declaration · Purpose change10 facts ▸
State Gazette act
Registered office · Purpose · Resignations & appointments
Name change · Declaration · Purpose change10 facts ▸
- Name change, HBJ CONSTRUCTION
- Declaration, reception of report, L'Actionnaire unique reconnait avoir reçu une copie de ce rapport antérieurement aux présentes et en avoir pris connaissance
- General meeting, l'actionnaire unique reconnait avoir reçu copie de celui-ci et en avoir pris connaissance antérieurement à ce jour, à l'unanimité
- Other statement, enterprise number, 0752.984.967
- Purpose change
- General meeting, à l'unanimité, approuve le rapport
- Registered-office move, Chaussée de Lodelinsart, numéro 183, 6060 CHARLEROI (GILLY)
- Other statement, coordination of statutes, établir et signer la coordination des statuts
- Power of attorney
- Other statement, rapport de l'organe d'administration, justification détaillée de la modification proposée à l'objet social
2025
31-12
Financial
Highest result since 2020net €179,666 ▲1,478%
Operating result €226,220, net result €179,666, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.70
Current ratio from 0.93 to 3.70.
31-12
Financial
Equity above €200,000Eq €498,690 ▲600%
4 profitable years in a row build equity to €498,690.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
31-12
Financial
Equity above €150,000Eq €154,881 ▲95.8%
2 profitable years in a row build equity to €154,881.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Back to profitnet €24,066
Net result €24,066 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Weakest financial yearnet -€36,655
Net result drops to -€36,655, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2020
Ground area
2,198 m²
Building footprint
579 m²
Volume, LiDAR
4,089 m³
2 parcels, Wallonia · tallest building 11.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HBJ INVEST
since 20202.309.794.583
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52072A0199/00Y002 | Wallonia | 2,070 m² | 1 · 449 m² | 7.1 m · 2 fl. |
| 52026D0248/02N000 | Wallonia | 129 m² | 1 · 130 m² | 11.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
L'entreprise générale de tous travaux généraux du bâtiment, tant publics que privés, et notamment tous travaux de gros œuvre, de second œuvre, de construction, de rénovation, de…
Full purpose (20 activities)
- L'entreprise générale de tous travaux généraux du bâtiment, tant publics que privés, et notamment tous travaux de gros œuvre, de second œuvre, de construction, de rénovation, de transformation, de restauration, de parachèvement, d'aménagement intérieur et extérieur, de démolition, de terrassement, de maçonnerie, plafonnage, chape, carrelage, revêtements de sols et murs, peinture, menuiserie, toiture, isolation, électricité, plomberie, chauffage, ventilation, sanitaire, pose de cloisons, faux plafonds, travaux de ferronnerie et tous travaux connexes ou complémentaires
- La coordination, l'organisation, la supervision et le suivi de chantiers
- Toutes opérations se rapportant aux activités de management, conseil en gestion, marketing, stratégie, vente et commerce, études de marché, formation, gestion de production, financière et administrative, gestion des ressources humaines, facilitateur d'affaires
- Toutes opérations de recherche et de développement, bureau d'études et d'engineering
- Toutes représentations commerciales et industrielles généralement quelconques et, entre autres, l'achat, la vente, la représentation, la location, la distribution, le placement, la fabrication, l'importation et l'exportation de tous matériaux, matériels, équipements, machines et outillages liés directement ou indirectement aux secteurs précités
- La conception, la fabrication, la commercialisation de logiciels, procédés, matériels, outillages, machines, dans les secteurs précités
- Prendre, acquérir, exploiter ou concéder tous brevets, licences, marques de fabrique ou procédés de fabrication relatifs à son objet
- L'acquisition de toutes valeurs financières et boursières, la prise de participation dans toutes sociétés belges ou étrangères et toutes opérations financières
- S'intéresser par voie d'apport, de souscription, de prise de participation, de fusion, ou toute autre forme d'investissement dans toutes affaires, entreprises, associations ou sociétés ayant un objet identique, analogue, similaire ou connexe, ou qui sont de nature à favoriser le développement de son entreprise
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne privée ou société, liée ou non
- Représenter tout tiers
- Exercer les fonctions d'administrateur ou liquidateur dans d'autres sociétés
- Effectuer toutes opérations se rapportant à la gestion et à la valorisation d’un patrimoine mobilier et immobilier
- Acquérir tous biens meubles et immeubles, ainsi que tous droits réels immobiliers généralement quelconques
- Prendre ou donner en location, mettre à disposition de tiers tous biens meubles ou immeubles
- Consentir toutes aliénations mobilières ou immobilières
- Exploiter et mettre en valeur tous biens immeubles, bâtis ou non bâtis ainsi que tous droits réels immobiliers lui appartenant
- Contracter ou consentir tous emprunts hypothécaires ou non
- Entretenir et effectuer la gestion de toutes propriétés foncières ou immobilières
- Hypothéquer ses immeubles et mettre en gage tous ses autres biens y compris son fonds de commerce
Name clause
HBJ CONSTRUCTION
Other statement
One provision in the deed
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 9,272 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
Founded26-08-2020
Fiscal year end31-12
Legal name FR
HBJ INVEST
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43110Demolition
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
66300Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752984967
Also
9925:BE0752984967
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.