HOT CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of HOT CONSTRUCT is 6.5% (elevated). The annual accounts of HOT CONSTRUCT for fiscal year 2024 show a net loss of 142% of total assets and of 69% of the equity at the start of that year. The 2024 annual accounts show equity of €7k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-98
Solvency90▲+18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.49 against 1.56 in 2023; short-term debt: 34.6% and cash: 0.7% of total assets), and 34.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65.4%
Return on assets
-142.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-12-2025, 144 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
144 d late
2023
29 d late
2022
144 d late
2021
78 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 68.5%
2023 · €24k
Total assets
€11k▼ 77.6%
2023 · €51k
Net result
€-16k
2023 · €12k
Working capital
€2k▼ 87.4%
2023 · €15k
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
Line2021202220232024
Operating result€-10k-€22k€14k▼ 36.4%€-15k
Net result€-10k-€17k€12k▼ 31.1%€-16k
Equity€-5k-€12k€24k▲ 101%€7k▼ 68.5%
Total assets€14k-€37k▲ 158%€51k▲ 38.7%€11k▼ 77.6%
Debt€20k-€25k▲ 26.4%€27k▲ 9.2%€4k▼ 85.5%
Working capital€-7k-€245€15k▲ 6,143%€2k▼ 87.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €14k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11k
Fixed assets
€5k ▼ 33.3%
Current assets
€6k ▼ 86.2%
Equity and liabilities €11k
Equity
€7k ▼ 68.5%
Debt
€4k ▼ 85.5%
Debt's share of the balance-sheet total falls from 53.4% to 34.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▼
2023 · €17k
Cash flow
€-13k▼
2023 · €15k
Current ratio
1.49▼
2023 · 1.56
Debt to equity
0.53▼
2023 · 1.15
ROE
-217.6%▼
2023 · 50.2%
ROA
-142.4%▼
2023 · 23.4%
Interest coverage
-183.00▼
2023 · 157.13
Debt ≤ 1 year
€4k▼
2023 · €27k
Income taxes
€951▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €746 | €3k | €3k | €3k | ▼ 8.2% |
| Other operating charges640/8 | €887 | €2k | €314 | €1k | ▲ 362% |
| Gross operating margin9900 | €-9k | €27k | €17k | €-11k | ▼ 163% |
| Operating profit (loss)9901 | €-10k | €22k | €14k | €-15k | ▼ 211% |
| Financial charges65/66B | €11 | €558 | €107 | €68 | ▼ 37.2% |
| Recurring financial charges65 | €11 | €558 | €107 | €68 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €-10k | €21k | €14k | €-15k | ▼ 212% |
| Income taxes67/77 | - | €4k | €2k | €951 | ▼ 44.7% |
| Profit (loss) for the period9904 | €-10k | €17k | €12k | €-16k | ▼ 237% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €17k | €12k | €-16k | ▼ 237% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14k | €37k | €51k | €11k | ▼ 77.6% |
| Formation expenses20 | €918 | €689 | €459 | €230 | ▼ 50.0% |
| Fixed assets21/28 | €2k | €11k | €8k | €5k | ▼ 33.3% |
| Tangible fixed assets22/27 | €2k | €11k | €8k | €5k | ▼ 33.3% |
| Furniture and vehicles24 | €2k | €11k | €8k | €5k | ▼ 33.3% |
| Current assets29/58 | €12k | €25k | €42k | €6k | ▼ 86.2% |
| Amounts receivable within one year40/41 | €11k | €24k | €31k | €6k | ▼ 81.5% |
| Trade receivables40 | €7k | €3k | - | €3k | - |
| Other amounts receivable41 | €4k | €21k | €31k | €2k | ▼ 92.1% |
| Cash at bank and in hand54/58 | €308 | - | €24 | €77 | ▲ 216% |
| Deferred charges and accrued income490/1 | - | €691 | €11k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14k | €37k | €51k | €11k | ▼ 77.6% |
| Equity10/15 | €-5k | €12k | €24k | €7k | ▼ 68.5% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-10k | €7k | €19k | €2k | ▼ 86.8% |
| Amounts payable17/49 | €20k | €25k | €27k | €4k | ▼ 85.5% |
| Amounts payable within one year42/48 | €19k | €25k | €27k | €4k | ▼ 85.5% |
| Financial debts43 | - | €21 | - | - | - |
| Credit institutions430/8 | - | €21 | - | - | - |
| Trade debts44 | €3k | - | €598 | €732 | ▲ 22.4% |
| Suppliers440/4 | €3k | - | €598 | €732 | ▲ 22.4% |
| Advances received on contracts in progress46 | €3k | - | - | - | - |
| Taxes, remuneration and social security45 | €32 | €4k | €6k | €3k | ▼ 42.4% |
| Taxes450/3 | €32 | €4k | €6k | €3k | ▼ 42.4% |
| Other amounts payable47/48 | €13k | €21k | €21k | - | - |
| Accrued charges and deferred income492/3 | €450 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €17k | €12k | €-16k | ▼ 237% |
| + Depreciation and write-downs630 | €746 | €3k | €3k | €3k | ▼ 8.2% |
| Operating cash flow (approximation) | €-10k | €20k | €15k | €-13k | ▼ 189% |
| Investment in fixed assets (approximation) | - | €-12k | €-230 | €-229 | = |
| Change in cash | - | - | - | €53 | - |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 144 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Sint-Jans-Molenbeek · 1 establishment unit since 2020
Ground area
122 m²
Building footprint
109 m²
Volume, LiDAR
1,479 m³
Parcel 21522B0017/00V003, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HOT CONSTRUCT
since 20202.309.738.957
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0017/00V003 | Brussels | 122 m² | 1 · 109 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
Zobicu
BE 0768.511.994
Brussel · Eq €7,471
DWH Construct
BE 0870.107.222
Duffel · Eq €7,459
TORO
BE 0472.969.822
Aarschot · Eq €7,459
J.S. DECOS
BE 0874.460.047
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BELMORRO
BE 0792.315.695
Brussel · Eq €7,423
Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 3,503 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
Founded10-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46411Wholesale trade
46492Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.