Turnover
The micro format states no turnover.
The micro format states no turnover.
In 2025, 1 person joined and nobody left.
HC CONSTRUCT pays its suppliers 64 days earlier than in 2024.
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 29% of them on solvency, 23% on liquidity, 66% on profitability and 89% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
In July 2024, 7,976 companies had the same profile as HC CONSTRUCT has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HC CONSTRUCT itself is higher: 4.9% within 12 months. It rests on far more data about HC CONSTRUCT than the profile alone.
The method was tested on the 497,447 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.
| 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 7,976 companies, not a prediction for HC 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.
Liquidity is tight, with a current ratio of 1.26 (1.33 in 2024), below the usual 1.5. Short-term debt is 77.3% and cash 15.9% of total assets. 77.3% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 20 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HC CONSTRUCT Antwerp | €144,182 | €96,003 | 22.7% | - |
| Allround-Projects Lier | €146,566 | €93,383 | 79.3% | - |
| Puur Technisch Arendonk | €148,723 | €108,615 | 51.4% | - |
| APB Technics Hulshout | €138,649 | €91,728 | 17.3% | - |
| CARLOS AAK Willebroek | €127,286 | €84,196 | 40.0% | - |
| S.R.-Construct Wommelgem | €151,830 | €78,799 | 51.6% | - |
| MD Wonen Brasschaat | €148,993 | €83,380 | 79.2% | - |
These companies have the same main activity as HC CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €127,000 and €152,000, founded between 2022 and 2023.
The computed 12-month bankruptcy probability of HC CONSTRUCT is 4.9% (elevated). The 2025 annual accounts show equity of €32,718 and a net result of €16,461.
Its solvency ranks better than 29% of 9,452 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 29% of 9,452 companies in 2025.
Higher than 35% of 9,200 companies in 2025.
Higher than 61% of 9,272 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
144,182 | 353,101 | |
21/28 |
3,433 | 9,083 | |
21 |
283 | 916 | |
22/27 |
3,150 | 8,167 | |
24 |
3,150 | 8,167 | |
29/58 |
140,749 | 344,018 | |
40/41 |
117,856 | 308,556 | |
40 |
98,264 | 123,590 | |
41 |
19,592 | 184,966 | |
54/58 |
22,893 | 35,462 | |
| Balance sheet: equity and liabilities | |||
10/49 |
144,182 | 353,101 | |
10/15 |
32,718 | 16,256 | |
10/11 |
1,000 | 1,000 | |
14 |
31,718 | 15,256 | |
17/49 |
111,465 | 336,845 | |
42/48 |
111,465 | 257,782 | |
44 |
103,847 | 253,029 | |
440/4 |
103,847 | 253,029 | |
45 |
7,618 | 4,754 | |
450/3 |
7,618 | 4,754 | |
492/3 |
- | 79,062 | |
| Income statement | |||
70 |
- | 838,212 | |
9900 |
96,003 | 81,867 | |
60/61 |
651,419 | 756,387 | |
62 |
59,060 | 48,336 | |
630 |
5,650 | 7,867 | |
640/8 |
8,432 | 5,339 | |
9901 |
22,862 | 20,326 | |
75/76B |
0 | 100 | |
75 |
0 | 100 | |
65/66B |
172 | 416 | |
65 |
172 | 416 | |
9903 |
22,690 | 20,010 | |
67/77 |
6,228 | 4,754 | |
9904 |
16,461 | 15,256 | |
9905 |
16,461 | 15,256 | |
| Appropriation of the result | |||
9906 |
31,718 | 15,256 | |
14P |
15,256 | - | |
| Social balance sheet | |||
9087 |
0.5 | 1 | |
Hours worked1013 |
880 | 1,424 | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-10-2026.
2025 annual accounts filed 75 days after the deadline. Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566192.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 28,512 | 28,193 | ||
| 22,111 | 23,123 | ||
| 0 | 16,950 | ||
| -12,569 | - | ||
| 29,285 | 86,236 | ||
| - | 2.4% | ||
| 22.7% | 4.6% | ||
| 1.26 | 1.33 | ||
| 3.41 | 20.72 | ||
| 50.3% | 93.8% | ||
| 11.4% | 4.3% | ||
| over 100 | 67.71 | ||
| - | 54 days | ||
| 58 days | 122 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 1 |
| full-time | 2 | 1 |
| in full-time equivalents | 2 | 1 |
| 0.5 | 1 | |
| On a permanent contract | 2 | 1 |
| Joined | 1 | 1 |
| Left | 0 | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €15,050 |
| Intangible fixed assets | - | €1,900 |
| €5,650 | €7,867 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 12% higher than in 2024.
Debt's share of the balance-sheet total falls from 95.4% to 77.3%. Equity is higher and debt is lower.
HC CONSTRUCT has no parent and no holdings in its annual accounts. CEKIC,Ahmet is the only director. HC CONSTRUCT shares no director with another company.
| REGUS BELGIUM
establishment since 19-12-2000 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| GraydonCreditsafe Belgium
registered office since 01-01-1982 · founded in 1981 |
57 FTE (2025) 0422.319.093 |
| VIFOR PHARMA BELGIE
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11 FTE (2025) 0829.421.759 |
| SDMO
registered office since 14-05-2003 · founded in 2003 |
2.5 FTE (2025) 0480.039.736 |
| Wildhorn
registered office since 02-12-2019 · founded in 2019 |
total assets €7.5m (2025) 0738.643.419 |
| ON Ingredients
registered office since 14-06-2021 · founded in 2021 |
total assets €4.7m (2025) 0769.669.363 |
| SONNEVELD
registered office since 24-02-1997 · founded in 1986 |
5.1 FTE (2025) 0429.180.458 |
| Ccaps
establishment since 01-01-2026 · founded in 2004 |
14 FTE (2025) 0867.295.509 |
| Factris BE1
registered office since 07-09-2021 · founded in 2021 · negative equity (2025) |
total assets €2.4m (2025) 0773.626.864 |
| New Balance Belgium Retail
registered office since 18-11-2016 · founded in 2016 · negative equity (2025) |
21 FTE (2025) 0666.505.905 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
HC CONSTRUCT was incorporated on 13 June 2023 as a private limited company by one natural person, with a starting capital of €1,000.12 CEKIC,Ahmet is director of the company, appointed by deed of 15-06-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Uitbreidingstraat 84 registered office 2600 Antwerp | 13-06-2023 | 2.346.236.592 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11303B0445/00N008 | 9,631 m² | 1 · 998 m² | 25.2 m · 6 |
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 0802.673.416
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