HORATIU CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of HORATIU CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €47k and a net result of €29k. Its solvency ranks better than 87% of 7500 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth85
Track record82
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 4.97 against 3.77 in 2024; short-term debt: 20.1% and cash: 56.9% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
79.9%
Return on assets
49.1%
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 29-08-2026, 29 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 · 2 filingsDeviation from the deadline
2025
29 d late
2024
53 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Turnover
€60k▲ 61.0%
2024 · €37k
EBIT margin
60.1%▼ 2.9pp
2024 · 63.1%
Net result
€29k▲ 59.9%
2024 · €18k
Working capital
€47k▲ 160%
2024 · €18k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€37k-€60k▲ 61.0%
Operating result€24k-€36k▲ 53.5%
Net result€18k-€29k▲ 59.9%
EBIT margin63.1%-60.1%▼ 2.9pp
Equity€18k-€47k▲ 160%
Total assets€25k-€59k▲ 139%
Debt€7k-€12k▲ 81.4%
Working capital€18k-€47k▲ 160%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €59k
Equity
€47k ▲ 160%
Debt
€12k ▲ 81.4%
Debt's share of the balance-sheet total falls from 26.5% to 20.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.97▲
2024 · 3.77
Debt to equity
0.25▼
2024 · 0.36
ROE
61.5%▼
2024 · 100.0%
ROA
49.1%▼
2024 · 73.5%
Debt ≤ 1 year
€12k▲
2024 · €7k
Income taxes
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €37k | €60k | ▲ 61.0% |
| Goods, raw materials, services and sundry goods60/61 | €14k | €24k | ▲ 73.9% |
| Gross operating margin9900 | €24k | €36k | ▲ 53.5% |
| Operating profit (loss)9901 | €24k | €36k | ▲ 53.5% |
| Financial income75/76B | - | €367 | - |
| Recurring financial income75 | - | €367 | - |
| Financial charges65/66B | €771 | €72 | ▼ 90.7% |
| Recurring financial charges65 | €771 | €72 | ▼ 90.7% |
| Profit (loss) for the period before taxes9903 | €23k | €37k | ▲ 60.0% |
| Income taxes67/77 | €5k | €7k | ▲ 60.6% |
| Profit (loss) for the period9904 | €18k | €29k | ▲ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €18k | €29k | ▲ 59.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €25k | €59k | ▲ 139% |
| Current assets29/58 | €25k | €59k | ▲ 139% |
| Amounts receivable within one year40/41 | €9k | €26k | ▲ 178% |
| Trade receivables40 | €9k | €11k | ▲ 26.4% |
| Other amounts receivable41 | €357 | €14k | ▲ 3,945% |
| Cash at bank and in hand54/58 | €16k | €34k | ▲ 116% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €25k | €59k | ▲ 139% |
| Equity10/15 | €18k | €47k | ▲ 160% |
| Profit (loss) carried forward14 | €18k | €47k | ▲ 160% |
| Amounts payable17/49 | €7k | €12k | ▲ 81.4% |
| Amounts payable within one year42/48 | €7k | €12k | ▲ 81.4% |
| Trade debts44 | €726 | €56 | ▼ 92.3% |
| Suppliers440/4 | €726 | €56 | ▼ 92.3% |
| Taxes, remuneration and social security45 | €6k | €12k | ▲ 103% |
| Taxes450/3 | €5k | €12k | ▲ 161% |
| Remuneration and social security454/9 | €1k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €29k | ▲ 59.9% |
| Operating cash flow (approximation) | €18k | €29k | ▲ 59.9% |
| Change in cash | - | €18k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wezembeek-Oppem · 1 establishment unit since 2024
Ground area
624 m²
Building footprint
398 m²
Volume, LiDAR
3,853 m³
2 parcels, Brussels, Flanders · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
599
companies at this address
See who is registered here
1 establishment unit
HORATIU CONSTRUCT
since 20242.361.138.168
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 21902A0417/00T000 | Brussels | 103 m² | 1 · 73 m² | 19.0 m · 5 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.
Similar companies · same sector, comparable size
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Bouwreno F&K
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Hamme (Vl.) · Eq €47,510
HOMECREATIV
BE 0847.891.153
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EMBER BOUW
BE 0783.542.739
Antwerpen · Eq €47,447
Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,040 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
Founded26-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43310Plastering work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.