Equity
Het Constructief paid out €40,000 in dividends. That is 91% of the 2025 profit.
Het Constructief paid out €40,000 in dividends. That is 91% of the 2025 profit.
The result fell in 2025 from €232,260 to €43,909.
The abbreviated format states no turnover.
The last five annual accounts were filed 2 to 49 days before the end of the period.
New director. Latest change 18-06-2026 · 1 in office.
More equity than 86% of companies in specialised construction. Sector median €250,541 · 9,969 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 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 43, micro). It does better than 73% of them on solvency, 73% on liquidity, 43% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,049 companies had the same profile as Het Constructief has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of Het Constructief itself: < 0.1% within 12 months.
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 6,049 companies, not a prediction for Het Constructief. 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 ample, with a current ratio of 4.77 (5.31 in 2024), above the usual 1.5. Short-term debt is 15.6% and cash 22.7% of total assets. 32.9% 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 7 accounts on average 27 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.
| Company | ||||
|---|---|---|---|---|
| Het Constructief Deinze | €1.5m | €106,470 | 67.1% | - |
| E.R. BOUW Houthalen-Helchteren | €1.3m | €98,434 | 6.1% | - |
| R.D. FINITIONS Nandrin | €1.4m | €125,507 | 55.7% | - |
| Den Troon Antwerp | €1.6m | €62,039 | 18.7% | - |
| INNIDO Dilbeek | €1.3m | €93,816 | 4.5% | - |
| Maarten Vernaeve Evergem | €1.5m | €199,699 | 33.9% | - |
| RAAD EN DAAD Ghent | €1.0m | €72,108 | 6.5% | - |
These companies have the same main activity as Het Constructief: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €987,000 and €1.6m, founded between 2012 and 2017.
Het Constructief files the abbreviated format. That format states no turnover. The gross margin fell from €210,208 in 2017 to €106,470 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €250,000 and €530,000.
Higher than 76% of 9,967 companies in 2025.
Higher than 86% of 9,830 companies in 2025.
Higher than 39% of 9,899 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.5m | 1.5m | 1.3m | 1.3m | 839,824 | 625,048 | 509,788 | 498,305 | 419,995 | |
21/28 |
388,418 | 408,478 | 387,589 | 382,610 | 17,135 | 13,954 | 19,993 | 25,950 | 4,470 | |
21 |
- | - | - | - | - | - | - | - | 1,875 | |
22/27 |
385,918 | 405,978 | 387,029 | 382,610 | 17,135 | 13,954 | 19,993 | 25,545 | 2,191 | |
22 |
341,380 | 350,549 | 359,717 | 368,886 | - | - | - | - | - | |
23 |
5,911 | 6,203 | 9,533 | 5,969 | 8,142 | 2,123 | 1,359 | 1,980 | 1,197 | |
24 |
38,626 | 49,226 | 17,779 | 7,755 | 8,993 | 11,831 | 18,634 | 23,565 | 994 | |
28 |
2,500 | 2,500 | 560 | - | - | - | - | 405 | 405 | |
29/58 |
1.1m | 1.1m | 890,252 | 907,615 | 822,690 | 611,094 | 489,795 | 472,355 | 415,524 | |
29 |
336,360 | 145,000 | 145,000 | 175,000 | 130,000 | 80,000 | 80,000 | - | - | |
291 |
336,360 | 145,000 | 145,000 | 175,000 | 130,000 | 80,000 | 80,000 | - | - | |
40/41 |
445,783 | 576,071 | 658,089 | 571,962 | 381,993 | 236,413 | 228,352 | 290,994 | 66,087 | |
40 |
401,744 | 576,071 | 627,583 | 559,968 | 381,904 | 233,413 | 224,266 | 290,994 | 66,087 | |
41 |
44,039 | 0 | 30,506 | 11,994 | 89 | 3,000 | 4,086 | - | - | |
54/58 |
345,209 | 372,071 | 84,179 | 142,081 | 306,943 | 290,950 | 180,006 | 180,811 | 123,377 | |
490/1 |
6,753 | 4,403 | 2,984 | 18,572 | 3,754 | 3,732 | 1,437 | 549 | 226,061 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.5m | 1.5m | 1.3m | 1.3m | 839,824 | 625,048 | 509,788 | 498,305 | 419,995 | |
10/15 |
1.0m | 1.0m | 785,281 | 728,496 | 651,790 | 476,974 | 356,377 | 306,308 | 170,620 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | |
13 |
1.0m | 1.0m | 779,081 | 722,296 | 645,590 | 470,774 | 350,177 | 300,108 | 164,420 | |
132 |
- | - | - | - | - | - | - | 18,750 | 18,750 | |
133 |
1.0m | 1.0m | 779,081 | 722,296 | 645,590 | 470,774 | 350,177 | 281,358 | 145,670 | |
14 |
0 | - | - | - | - | - | - | - | - | |
16 |
30,225 | 30,225 | 30,225 | - | - | - | - | - | - | |
160/5 |
30,225 | 30,225 | 30,225 | - | - | - | - | - | - | |
163 |
- | 0 | 30,225 | - | - | - | - | - | - | |
164/5 |
30,225 | 30,225 | - | - | - | - | - | - | - | |
17/49 |
470,848 | 458,258 | 462,335 | 561,730 | 188,034 | 148,074 | 153,410 | 191,997 | 249,375 | |
17 |
204,355 | 224,622 | 244,889 | 265,156 | 0 | 3,831 | 8,880 | 13,863 | - | |
170/4 |
204,355 | 224,622 | 244,889 | 265,156 | 0 | 3,831 | 8,880 | 13,863 | - | |
42/48 |
237,755 | 206,699 | 194,676 | 272,567 | 188,034 | 142,922 | 144,531 | 176,236 | 135,927 | |
42 |
20,267 | 41,773 | 30,391 | 20,267 | 3,831 | 5,049 | 4,983 | 19,501 | 10 | |
43 |
21,486 | - | - | - | - | - | - | - | 25,000 | |
430/8 |
21,486 | - | - | - | - | - | - | - | 25,000 | |
44 |
104,054 | 111,009 | 73,608 | 224,776 | 123,749 | 94,596 | 104,117 | 59,596 | 36,991 | |
440/4 |
104,054 | 111,009 | 73,608 | 224,776 | 123,749 | 94,596 | 104,117 | 59,596 | 36,991 | |
46 |
- | - | - | 0 | 9 | - | - | - | - | |
45 |
51,013 | 51,933 | 50,549 | 27,524 | 58,452 | 12,058 | 3,296 | 72,601 | 57,246 | |
450/3 |
51,013 | 51,933 | 50,215 | 27,524 | 58,452 | 10,323 | 3,296 | 70,932 | 57,246 | |
454/9 |
- | 0 | 334 | - | 0 | 1,735 | - | 1,670 | - | |
47/48 |
40,935 | 1,984 | 40,128 | 0 | 1,994 | 31,219 | 32,134 | 24,538 | 16,680 | |
492/3 |
28,738 | 26,936 | 22,770 | 24,008 | 0 | 1,321 | - | 1,898 | 113,448 | |
| Income statement | ||||||||||
9900 |
106,470 | 356,857 | 254,398 | 163,347 | 239,864 | 208,901 | 105,918 | 222,884 | 210,208 | |
630 |
25,637 | 21,126 | 16,081 | 14,672 | 12,276 | 10,341 | 10,053 | 10,899 | 3,556 | |
631/4 |
- | - | - | 0 | -18,962 | 24,488 | - | - | - | |
635/8 |
- | 0 | 30,225 | - | - | - | - | - | - | |
640/8 |
2,614 | 3,313 | 3,473 | 42,484 | 6,776 | 4,246 | 2,522 | 1,304 | 1,570 | |
9901 |
78,219 | 332,417 | 204,619 | 106,190 | 239,775 | 169,826 | 93,343 | 210,681 | 205,083 | |
75/76B |
5,707 | 5,127 | 2,990 | 933 | 2,609 | 113 | 1,763 | 536 | 945 | |
75 |
5,707 | 5,127 | 2,990 | 933 | 2,609 | 113 | 1,763 | 536 | 945 | |
65/66B |
8,860 | 13,222 | 11,624 | 4,186 | 1,170 | 1,351 | 2,518 | 607 | 500 | |
65 |
8,860 | 13,222 | 11,624 | 4,186 | 1,170 | 1,351 | 2,518 | 607 | 500 | |
9903 |
75,066 | 324,322 | 195,985 | 102,937 | 241,213 | 168,588 | 92,588 | 210,610 | 205,527 | |
67/77 |
31,156 | 92,062 | 59,200 | 26,232 | 66,397 | 47,991 | 28,159 | 55,337 | 63,500 | |
9904 |
43,909 | 232,260 | 136,785 | 76,706 | 174,816 | 120,597 | 64,429 | 155,274 | 142,027 | |
789 |
- | - | - | - | - | - | 18,750 | - | - | |
689 |
- | - | - | - | - | - | - | - | 18,750 | |
9905 |
43,909 | 232,260 | 136,785 | 76,706 | 174,816 | 120,597 | 83,179 | 155,274 | 123,277 | |
| Appropriation of the result | ||||||||||
9906 |
43,909 | 232,260 | 136,785 | 76,706 | 174,816 | 120,597 | 83,179 | 155,274 | 123,277 | |
791/2 |
40,000 | - | - | - | - | - | - | - | - | |
691/2 |
43,909 | 232,260 | 136,785 | 76,706 | 174,816 | 120,597 | 68,819 | 135,689 | 114,633 | |
6921 |
43,909 | 232,260 | 136,785 | 76,706 | 174,816 | 120,597 | 68,819 | 135,689 | 114,633 | |
694/7 |
40,000 | - | - | - | - | - | 14,360 | 19,585 | 8,644 | |
694 |
40,000 | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 14,360 | 19,585 | 8,644 | |
| Social balance sheet | ||||||||||
9087 |
- | - | 0 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 15 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 22-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00318035 | |
| 31-12-2024 | abbreviated format | 24-06-2025 | 2025-00176489 | |
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00142322 | |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00124126 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20253300 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-31300560 | |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-26900072 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36400542 | |
| 31-12-2017 | abbreviated format | 25-07-2018 | 2018-39300599 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,845 | €1,845 |
| 2024 | 1 | €2,325 | €2,523 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 103,856 | 353,543 | 220,700 | 120,863 | 252,050 | 180,167 | 103,396 | 221,581 | 208,638 | ||
| 69,547 | 253,386 | 152,867 | 91,378 | 187,092 | 130,938 | 74,482 | 166,173 | 145,583 | ||
| 5,578 | 42,575 | 21,060 | 380,148 | 15,457 | 4,302 | 4,500 | 32,379 | 3,038 | ||
| -26,862 | 287,892 | -57,903 | -164,862 | 15,993 | 110,944 | -805 | 57,435 | - | ||
| 896,350 | 890,846 | 695,576 | 635,049 | 634,655 | 468,172 | 345,265 | 296,118 | 279,597 | ||
| 67.1% | 67.6% | 61.5% | 56.5% | 77.6% | 76.3% | 69.9% | 61.5% | 40.6% | ||
| 4.77 | 5.31 | 4.57 | 3.33 | 4.38 | 4.28 | 3.39 | 2.68 | 3.06 | ||
| 0.46 | 0.45 | 0.59 | 0.77 | 0.29 | 0.31 | 0.43 | 0.63 | 1.46 | ||
| 4.3% | 22.8% | 17.4% | 10.5% | 26.8% | 25.3% | 18.1% | 50.7% | 83.2% | ||
| 2.9% | 15.4% | 10.7% | 5.9% | 20.8% | 19.3% | 12.6% | 31.2% | 33.8% | ||
| 11.72 | 26.74 | 18.99 | 28.87 | over 100 | - | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | - | - | - | €302,560 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,578 | €40,075 | €20,500 | €380,148 | €15,457 |
| Financial fixed assets | €0 | €2,500 | €560 | - | - |
| €25,637 | €21,126 | €16,081 | €14,672 | €12,276 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2017.
Debt's share of the balance-sheet total rises from 30.4% to 30.9%. Equity and debt are higher.
Het Constructief has no parent and no holdings in its annual accounts. Berlize Joris is the only director. Het Constructief shares no director with another company.
| FCC
registered office since 29-05-2018 · founded in 2018 · negative equity (2025) |
total assets €514,615 (2025) 0696.889.174 |
| Berlize, Leni (sole trader)
establishment since 17-03-2026 |
founded in 2026 1035.731.257 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gaston Baertstraat 16 registered office 9800 Deinze 41001 General construction of residential buildings | 29-10-2013 | 2.223.497.841 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44065A0206/00G004 | 668 m² | 1 · 150 m² | 7.6 m · 1 |
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 0541.519.029
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