Human Construct

Active

Private limited companyfounded 20224 yrs activeNieuwstraat 54, 9690 Kluisbergen, BelgiumKBO/BCE: BE 0786.805.996

The computed 12-month bankruptcy probability of Human Construct is 2.0% (moderate). The 2025 annual accounts show equity of €96k and a net result of €66k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 7311 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

76 / 100

Excellent▲ +54 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency41▲+4

Growth78▲+46

Stability94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity tight (current ratio 1.27 against 2.19 in 2024), and 75.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

24.2%

Return on assets

16.7%

Age of the figures

8 mo

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

28 d late

2024

38 d early

2023

30 d early

2022

32 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€96k▲ 223%

2024 · €30k

2022: €46k 2023: €47k 2024: €30k

2022 → 2025

Total assets

€396k▼ 31.2%

2024 · €576k

2022: €195k 2023: €498k 2024: €576k

2022 → 2025

Net result

€66k

2024 · €-18k

2022: €41k 2023: €2k 2024: €-18k

2022 → 2025

Working capital

€79k▼ 72.8%

2024 · €289k

2022: €-44k 2023: €223k 2024: €289k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€46k-€47k▲ 3.9%€30k▼ 37.5%€96k▲ 223%

Operating result€56k-€8k▼ 85.9%€-2k€97k

Net result€41k-€2k▼ 95.7%€-18k€66k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €97k after a loss of €2k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €396k

93.8%

Fixed assets €24k▼ 44.0%

Current assets €371k▼ 30.2%

Equity and liabilities €396k

24.2%

75.8%

Equity €96k▲ 223%

Debt €300k▼ 45.0%

The debt ratio falls from 94.9% to 75.8%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€117k▲

2024 · €17k

Cash flow

€86k▲

2024 · €2k

Solvency

24.2%▲

2024 · 5.1%

Current ratio

1.27▼

2024 · 2.19

Quick ratio

1.25▲

2024 · 0.30

Debt / equity

3.14▼

2024 · 18.44

ROE

69.1%▲

2024 · -60.0%

ROA

16.7%▲

2024 · -3.1%

Interest coverage

17.47▲

2024 · 1.12

Debt

€300k▼

2024 · €546k

Debt ≤ 1 year

€293k▲

2024 · €242k

Debt > 1 year

€7k▼

2024 · €304k

Income taxes

€25k▲

2024 · €53

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€576k€396k▼

Formation expenses20€431€253▼

Fixed assets21/28€44k€24k▼

Tangible fixed assets22/27€44k€24k▼

Plant, machinery and equipment23€13k€9k▼

Furniture and vehicles24€31k€16k▼

Current assets29/58€532k€371k▼

Stocks and contracts in progress3€460k€6k▼

Stocks30/36€460k€6k▼

Amounts receivable within one year40/41€55k€343k▲

Trade receivables40€55k€308k▲

Other amounts receivable41€496€35k▲

Cash at bank and in hand54/58€16k€23k▲

Deferred charges and accrued income490/1€875€243▼

Equity and liabilities

Total equity and liabilities10/49€576k€396k▼

Equity10/15€30k€96k▲

Contributions10/11€5k€5k=

Reserves13€42k€91k▲

Distributable reserves133€42k€91k▲

Profit (loss) carried forward14€-18k€0▲

Amounts payable17/49€546k€300k▼

Amounts payable after more than one year17€304k€7k▼

Financial debts170/4€304k€7k▼

Amounts payable within one year42/48€242k€293k▲

Current portion of amounts payable after more than one year42€6k€6k▲

Financial debts43€1k€0▼

Credit institutions430/8€1k€0▼

Trade debts44€48k€261k▲

Suppliers440/4€48k€261k▲

Taxes, remuneration and social security45€42€25k▲

Taxes450/3€42€25k▲

Remuneration and social security454/9€0-

Other amounts payable47/48€187k€0▼

Accrued charges and deferred income492/3€97€1k▲

Income statement Code20242025

Remuneration, social security and pensions62€0-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼

Other operating charges640/8€2k€1k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€20k€118k▲

Operating profit (loss)9901€-2k€97k▲

Financial income75/76B€11€374▲

Recurring financial income75€11€374▲

Financial charges65/66B€15k€7k▼

Recurring financial charges65€15k€7k▼

Profit (loss) for the period before taxes9903€-18k€91k▲

Income taxes67/77€53€25k▲

Profit (loss) for the period9904€-18k€66k▲

Profit (loss) for the period to be appropriated9905€-18k€66k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-18k€48k▲

Profit (loss) brought forward from the previous period14P-€-18k

Transfer to equity691/2€0€48k▲

To other reserves6921€0€48k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Back to profitnet €66k

Net result €66k after one loss-making year.

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-18k ▼1107%

Net result drops to €-18k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity triplescurrent ratio 2.05

Current ratio from 0.68 to 2.05.

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

12-06-2023 Resigned as Director

Location & real-estate footprint

Registered office, Kluisbergen · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nieuwstraat 549690 Kluisbergen

Ground area

70 m²

Building footprint

70 m²

Volume, LiDAR