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HUMAN CONSTRUCT

Active
Public limited companyfounded 201114 yrs activeKBO/BCE: BE 0841.591.301
Summary

The computed 12-month bankruptcy probability of HUMAN CONSTRUCT is 6.2% (elevated). The latest annual accounts of HUMAN CONSTRUCT were filed more than 90 days after the deadline. The 2019 annual accounts show equity of €50,336 and a net result of -€17,499. The company has been active since 2011 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability0▼-79
Solvency100▲+24
Growth32
Track record92
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2019
Solvency, return and age of the figures
Solvency
80.9%
Return on assets
-28.1%
Age of the figures
81 mo
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filings
Position against the passed deadline
31-12-2020 close31-07-2021 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 16-12-2020, 138 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
138 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 138 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 7 December 2011, HUMAN CONSTRUCT was incorporated.1 The company has filed 8 sets of annual accounts, the latest for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

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Financials · fiscal year 2019, micro schema

Turnover
€171,349
EBIT margin
12.2%
Net result
-€17,499
2018 · €20,325
Working capital
€50,336
2018 · -€12,562
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
Line20182019
Turnover€171,349-
Operating result€20,933--€16,750
Net result€20,325--€17,499
EBIT margin12.2%-
Equity€62,101-€50,336▼ 18.9%
Total assets€121,070-€62,184▼ 48.6%
Debt€58,968-€11,848▼ 79.9%
Working capital-€12,562-€50,336
Staff (FTE)1.1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2018: €20,933€20,933Net result 2018: €20,325€20,325Operating result 2019: -€16,750-€16,750Net result 2019: -€17,499-€17,49920182019-€20,000-€10,000€0€10,000€20,000Operating result 2018: €20,933€20,900Net result 2018: €20,325€20,300Operating result 2019: -€16,750-€16,700Net result 2019: -€17,499-€17,50020182019
The operating result turns negative in 2019: a loss of €16,750 after €20,933 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €62,184
Equity €50,336 ▼ 18.9%
Debt €11,848 ▼ 79.9%
Debt's share of the balance-sheet total falls from 48.7% to 19.1%. Equity and debt are lower.
Key figures and ratios
2019 value · change against 2018
Current ratio
5.25▲
2018 · 0.79
Quick ratio
4.26▲
2018 · 0.79
ROE
-34.8%▼
2018 · 32.7%
ROA
-28.1%▼
2018 · 16.8%
Debt ≤ 1 year
€11,848▼
2018 · €58,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 24 lines
Balance sheet Code20182019
Assets
Total assets20/58€121,070€62,184▼
Fixed assets21/28€74,664-
Financial fixed assets28€74,664-
Current assets29/58€46,406€62,184▲
Stocks and contracts in progress3-€11,712
Amounts receivable within one year40/41€41,696€47,170▲
Cash at bank and in hand54/58€2,433€1,769▼
Equity and liabilities
Total equity and liabilities10/49€121,070€62,184▼
Equity10/15€62,101€50,336▼
Contributions10/11€62,000€62,000=
Reserves13€101€361▲
Profit (loss) carried forward14-€16,039-€12,024▲
Amounts payable17/49€58,968€11,848▼
Amounts payable within one year42/48€58,968€11,848▼
Trade debts44€8,020€1,173▼
Income statement Code20182019
Turnover70€171,349-
Gross operating margin9900€70,066-€14,095▼
Operating profit (loss)9901€20,933-€16,750▼
Recurring financial income75€3€1▼
Recurring financial charges65€433€751▲
Profit (loss) for the period before taxes9903€20,503-€17,499▼
Income taxes67/77€178-
Profit (loss) for the period9904€20,325-€17,499▼
Profit (loss) for the period to be appropriated9905€20,325-€17,499▼
Line20182019Change
Turnover70€171,349--
Gross operating margin9900€70,066-€14,095▼ 120%
Operating profit (loss)9901€20,933-€16,750▼ 180%
Recurring financial income75€3€1▼ 56.5%
Recurring financial charges65€433€751▲ 73.3%
Profit (loss) for the period before taxes9903€20,503-€17,499▼ 185%
Income taxes67/77€178--
Profit (loss) for the period9904€20,325-€17,499▼ 186%
Profit (loss) for the period to be appropriated9905€20,325-€17,499▼ 186%
Line20182019Change
Assets
Total assets20/58€121,070€62,184▼ 48.6%
Fixed assets21/28€74,664--
Financial fixed assets28€74,664--
Current assets29/58€46,406€62,184▲ 34.0%
Stocks and contracts in progress3-€11,712-
Amounts receivable within one year40/41€41,696€47,170▲ 13.1%
Cash at bank and in hand54/58€2,433€1,769▼ 27.3%
Equity and liabilities
Total equity and liabilities10/49€121,070€62,184▼ 48.6%
Equity10/15€62,101€50,336▼ 18.9%
Contributions10/11€62,000€62,000=
Reserves13€101€361▲ 256%
Profit (loss) carried forward14-€16,039-€12,024▲ 25.0%
Amounts payable17/49€58,968€11,848▼ 79.9%
Amounts payable within one year42/48€58,968€11,848▼ 79.9%
Trade debts44€8,020€1,173▼ 85.4%
Line20182019Change
Profit (loss) for the period9904€20,325-€17,499▼ 186%
Operating cash flow (approximation)€20,325-€17,499▼ 186%
Change in cash--€664-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
13-12
KBO administration Address struck
event 05-09-2024
2020
16-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
31-12
Financial Liquidity times 7current ratio 5.25
Current ratio from 0.79 to 5.25; short-term debt falls from €58,968 to €11,848.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
25-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
28-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
30-06
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
27-06
NBB filing Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Couvin · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
681 m²
Building footprint
212 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Human Construct
Rue Emile Limauge (G.) 98, 7011 MonsCivil engineering
since 20122.205.692.304
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
93016C1002/00F000 Wallonia 504 m² 1 · 212 m² -
53030B0241/00B006 Wallonia 178 m² - -
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.

Identification & contact

Identification
Legal formPublic limited company
Founded07-12-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.