Equity
HZ CONSTRUCT has made a profit without a break since 2022.
HZ CONSTRUCT has made a profit without a break since 2022.
HZ CONSTRUCT pays its suppliers 38 days earlier than in 2024. Customers pay 5 days later.
Short-term debts fell from €18,936 to €6,279.
The 2020 accounts came latest: 517 days after the end of the period.
Higher solvency than 93% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 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 90% of them on solvency, 58% on liquidity, 44% on profitability and 41% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 26,972 companies had the same profile as HZ CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HZ CONSTRUCT itself: 1.7% within 12 months.
The method was tested on the 497,448 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 26,972 companies, not a prediction for HZ CONSTRUCT. 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 8.56 (3.51 in 2024), above the usual 1.5. Short-term debt is 10% and cash 8.1% of total assets. 10% 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 88 days after 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 | ||||
|---|---|---|---|---|
| HZ CONSTRUCT Uccle | €114,317 | 6.2% | 90.0% | - |
| Sodec.be Genk | €116,963 | -9.9% | 73.9% | 1.4 |
| JEVAMO Beveren-Kruibeke-Zwijndrecht | - | - | 78.0% | - |
| GS DECOR Schaerbeek | - | - | 57.7% | - |
| TRIBUS CONSTRUCT Evere | - | - | 81.3% | - |
| THOMAS VAN KERREBROECK Aalter | - | - | -5.5% | - |
| Parket Robert Hulshout | - | - | 87.0% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HZ CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €51,300 and €90,100, founded between 2018 and 2019.
HZ CONSTRUCT has existed since 2019. Turnover grew from €41,271 in 2019 to €114,317 in 2025.
Solvency rose in 2025 from 70.1% to 90.0% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 93% of 35,136 companies in 2025.
Higher than 92% of 34,510 companies in 2025.
Higher than 61% of 34,711 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
62,910 | 73,424 | 53,720 | 37,393 | 28,571 | 31,539 | 20,339 | |
20 |
- | - | - | 255 | 447 | 638 | 638 | |
21/28 |
9,190 | 6,896 | 9,604 | 654 | 2,287 | 3,920 | - | |
22/27 |
9,190 | 6,896 | 9,604 | 654 | 2,287 | 3,920 | - | |
23 |
5,854 | 5,854 | 7,729 | - | - | - | - | |
24 |
3,336 | 1,042 | 1,875 | 654 | 2,287 | 3,920 | - | |
29/58 |
53,720 | 66,528 | 44,116 | 36,484 | 25,837 | 26,981 | 19,701 | |
40/41 |
48,652 | 46,986 | 33,914 | 23,322 | 16,904 | 13,216 | 12,535 | |
40 |
1,959 | 349 | 950 | 1,010 | - | 2,207 | 11,535 | |
41 |
46,693 | 46,637 | 32,964 | 22,312 | 16,904 | 11,009 | 1,000 | |
54/58 |
5,069 | 19,542 | 10,202 | 13,163 | 8,933 | 13,765 | 7,166 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
62,910 | 73,424 | 53,720 | 37,393 | 28,571 | 31,539 | 20,339 | |
10/15 |
56,631 | 51,457 | 35,534 | 32,494 | 20,252 | 21,593 | 8,072 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
100 |
- | - | - | - | - | - | 1,000 | |
13 |
4,156 | 4,156 | 4,156 | 4,768 | 4,156 | 4,156 | 354 | |
130/1 |
4,156 | 4,156 | 4,156 | 4,768 | 4,156 | 4,156 | - | |
130 |
- | - | - | - | - | - | 354 | |
1311 |
4,156 | 4,156 | 4,156 | 4,768 | 4,156 | 4,156 | - | |
14 |
51,476 | 46,301 | 30,378 | 26,726 | 15,096 | 16,437 | 6,719 | |
17/49 |
6,279 | 21,967 | 18,186 | 4,899 | 8,319 | 9,947 | 12,267 | |
17 |
- | 3,031 | 7,423 | - | - | - | - | |
170/4 |
- | 3,031 | 7,423 | - | - | - | - | |
42/48 |
6,279 | 18,936 | 10,763 | 4,899 | 8,319 | 9,947 | 12,267 | |
44 |
2,790 | 14,213 | 7,685 | 2,835 | 8,319 | 9,753 | 12,261 | |
440/4 |
2,790 | 14,213 | 7,685 | 2,835 | 8,319 | 9,753 | 12,261 | |
45 |
3,488 | 4,723 | 3,078 | 2,064 | - | 193 | 6 | |
450/3 |
3,488 | 4,723 | 3,078 | 2,064 | - | 193 | 6 | |
| Income statement | ||||||||
70 |
114,317 | 137,898 | 98,600 | 113,076 | 81,415 | 56,546 | 41,271 | |
9900 |
9,873 | 29,324 | 5,771 | 18,717 | 2,050 | 7,598 | 7,400 | |
60/61 |
104,444 | 108,574 | 92,829 | 94,359 | 79,366 | 48,948 | 33,871 | |
62 |
- | 2,150 | - | - | 327 | - | - | |
630 |
2,424 | 2,709 | 1,755 | 1,825 | 1,825 | 980 | 319 | |
640/8 |
409 | 2,774 | 249 | 597 | 193 | 363 | 3 | |
66A |
- | - | - | - | - | 1,705 | - | |
9901 |
7,040 | 21,692 | 3,767 | 16,295 | -295 | 4,551 | 7,078 | |
75/76B |
- | 980 | 1,488 | 524 | 242 | - | - | |
75 |
- | 980 | 1,488 | 524 | 242 | - | - | |
65/66B |
140 | 1,442 | 1,202 | 495 | 1,288 | 47 | 6 | |
65 |
140 | 1,442 | 1,202 | 495 | 1,288 | 47 | 6 | |
9903 |
6,900 | 21,230 | 4,053 | 16,324 | -1,341 | 4,503 | 7,072 | |
67/77 |
- | 5,308 | 1,013 | 4,081 | - | 533 | - | |
9904 |
6,900 | 15,923 | 3,040 | 12,243 | -1,341 | 3,970 | 7,072 | |
9905 |
6,900 | 15,923 | 3,040 | 12,243 | -1,341 | 3,970 | 7,072 | |
| Appropriation of the result | ||||||||
9906 |
51,476 | 46,301 | 30,378 | 26,726 | 15,096 | 16,437 | 7,072 | |
14P |
44,576 | 30,378 | 27,339 | 14,484 | 16,437 | 12,467 | - | |
691/2 |
- | - | - | - | - | - | 354 | |
6920 |
- | - | - | - | - | - | 354 | |
| Document | ||||||||
The notes to these accounts have 4 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468987.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00468987 | |
| 31-12-2024 | micro format | 06-11-2025 | 2025-00563352 | |
| 31-12-2023 | micro format | 02-08-2024 | 2024-00323186 | |
| 31-12-2022 | micro format | 17-03-2023 | 2023-00041746 | |
| 31-12-2021 | micro format | 03-01-2023 | 2023-20552835 | |
| 31-12-2020 | micro format | 30-12-2022 | 2022-20549756 | |
| 31-12-2019 | micro format | 07-06-2020 | 2020-16100365 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 9,463 | 24,401 | 5,522 | 18,119 | 1,530 | 5,531 | 7,397 | ||
| 9,323 | 18,631 | 4,794 | 14,068 | 483 | 4,950 | 7,391 | ||
| 2,294 | 0 | 8,950 | 192 | 192 | 4,900 | - | ||
| -14,473 | 9,340 | -2,960 | 4,230 | -4,832 | 6,600 | - | ||
| 47,442 | 47,592 | 33,353 | 31,585 | 17,518 | 17,035 | 7,434 | ||
| 6.2% | 15.7% | 3.8% | 14.4% | -0.4% | 8.0% | 17.2% | ||
| 90.0% | 70.1% | 66.1% | 86.9% | 70.9% | 68.5% | 39.7% | ||
| 8.56 | 3.51 | 4.10 | 7.45 | 3.11 | 2.71 | 1.61 | ||
| 0.11 | 0.43 | 0.51 | 0.15 | 0.41 | 0.46 | 1.52 | ||
| 12.2% | 30.9% | 8.6% | 37.7% | -6.6% | 18.4% | 87.6% | ||
| 11.0% | 21.7% | 5.7% | 32.7% | -4.7% | 12.6% | 34.8% | ||
| 67.42 | 16.92 | 4.59 | 36.61 | 1.19 | over 100 | - | ||
| 6 days | 1 day | 4 days | 3 days | 76 days | 14 days | 102 days | ||
| 10 days | 48 days | 30 days | 11 days | 38 days | 73 days | 132 days |
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,294 | - | €8,950 | - | - |
| €2,424 | €2,709 | €1,755 | €1,825 | €1,825 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 68% lower than in 2024.
Debt's share of the balance-sheet total falls from 29.9% to 10.0%. Equity is higher and debt is lower.
HZ CONSTRUCT has no parent and no holdings in its annual accounts. Gonçalves Pereira Heliton is the only director. HZ CONSTRUCT shares no director with another company.
| Dumesnil, Martin (sole trader)
establishment since 01-10-2026 |
founded in 2026 1041.593.126 |
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
HZ CONSTRUCT was incorporated on 11 March 2019 by two natural persons, with a starting capital of €1,000.12 The registered office was moved to Bruxelies in 2020.3 Gonçalves Pereira Heliton is director of the company, appointed by deed of 13-03-2019.2 Turnover grew from €41,271 in 2019 to €114,317 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Coghenlaan 111 registered office 1180 Uccle 2511001 Manufacture of metal structures and parts of structures | 02-04-2019 | 2.287.482.209 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21016B0194/00E019 | 242 m² | 1 · 109 m² | 16.6 m · 5 |
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 0722.599.223
If something looks wrong or is missing, please tell us.