KB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of KB CONSTRUCT is 3.0% (moderate). The 2025 annual accounts show negative equity (-€43,824) and a net result of -€11,067. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 842 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-74
Solvency0▼-2
Growth36▼-2
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.77 in 2024; short-term debt: 129.5% and cash: 0.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2025Solvency, return and age of the figures
Solvency
-29.5%
Return on assets
-7.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€43,824
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
92 d late
2023
132 d late
2022
35 d early
2021
60 d late
2020
65 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€124,224▲ 285%
2024 · €32,274
EBIT margin
-8.8%▼ 17.7pp
2024 · 8.9%
Net result
-€11,067
2024 · €2,682
Working capital
-€47,326▼ 19.0%
2024 · -€39,761
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
Line20212022202320242025
Turnover€241,271▲ 101%€220,469▼ 8.6%€65,482▼ 70.3%€32,274▼ 50.7%€124,224▲ 285%
Operating result€47,299▲ 81.8%-€9,756-€84,693▼ 768%€2,861-€10,977
Net result€46,840▲ 81.1%-€29,983-€84,825▼ 183%€2,682-€11,067
EBIT margin19.6%▼ 2.1pp-4.4%▼ 24.0pp-129.3%▼ 124.9pp8.9%▲ 138.2pp-8.8%▼ 17.7pp
Equity€79,369▲ 144%€49,386▼ 37.8%-€35,439-€32,757▲ 7.6%-€43,824▼ 33.8%
Total assets€156,564▲ 164%€136,030▼ 13.1%€137,869▲ 1.4%€141,216▲ 2.4%€148,425▲ 5.1%
Debt€77,195▲ 189%€86,644▲ 12.2%€173,308▲ 100%€173,973▲ 0.4%€192,249▲ 10.5%
Working capital€52,698▲ 196%-€28,538-€45,945▼ 61.0%-€39,761▲ 13.5%-€47,326▼ 19.0%
Why a figure moved sharply
- 2023 Turnover -70% on 2022. Cause not known from the registers.
- 2021 Turnover +101% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,977 after €2,861 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,425
Fixed assets
€3,502 ▼ 50.0%
Current assets
€144,923 ▲ 8.0%
Key figures and ratios
EBITDA
-€7,475▼
2024 · €6,363
Cash flow
-€7,565▼
2024 · €6,184
Solvency
-29.5%▼
2024 · -23.2%
Current ratio
0.75▼
2024 · 0.77
Quick ratio
0.23▲
2024 · 0.19
Debt to equity
-4.39▲
2024 · -5.31
ROA
-7.5%▼
2024 · 1.9%
Interest coverage
-83.06▼
2024 · 34.58
Debt ≤ 1 year
€192,249▲
2024 · €173,973
Staff costs
€4,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.6%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,570 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €241,271 | €220,469 | €65,482 | €32,274 | €124,224 | ▲ 285% |
| Non-recurring operating income76A | - | €300 | - | €1,592 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €177,432 | €210,702 | €134,336 | €25,769 | €126,542 | ▲ 391% |
| Remuneration, social security and pensions62 | €2,038 | €2,704 | €1,278 | - | €4,630 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,895 | €14,016 | €5,477 | €3,502 | €3,502 | = |
| Other operating charges640/8 | €1,607 | €3,103 | €1,076 | €1,734 | €527 | ▼ 69.6% |
| Non-recurring operating charges66A | - | - | €14,932 | - | - | - |
| Gross operating margin9900 | €63,839 | €10,067 | -€61,930 | €8,097 | -€2,318 | ▼ 129% |
| Operating profit (loss)9901 | €47,299 | -€9,756 | -€84,693 | €2,861 | -€10,977 | ▼ 484% |
| Financial income75/76B | - | - | - | €5 | - | - |
| Recurring financial income75 | - | - | - | €5 | - | - |
| Financial charges65/66B | €262 | €444 | €132 | €184 | €90 | ▼ 51.1% |
| Recurring financial charges65 | €262 | €444 | €132 | €184 | €90 | ▼ 51.1% |
| Profit (loss) for the period before taxes9903 | €47,037 | -€10,200 | -€84,825 | €2,682 | -€11,067 | ▼ 513% |
| Income taxes67/77 | €197 | €19,783 | - | - | - | - |
| Profit (loss) for the period9904 | €46,840 | -€29,983 | -€84,825 | €2,682 | -€11,067 | ▼ 513% |
| Profit (loss) for the period to be appropriated9905 | €46,840 | -€29,983 | -€84,825 | €2,682 | -€11,067 | ▼ 513% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,564 | €136,030 | €137,869 | €141,216 | €148,425 | ▲ 5.1% |
| Formation expenses20 | €74 | - | - | - | - | - |
| Fixed assets21/28 | €26,597 | €77,924 | €10,506 | €7,004 | €3,502 | ▼ 50.0% |
| Tangible fixed assets22/27 | €26,597 | €77,924 | €10,506 | €7,004 | €3,502 | ▼ 50.0% |
| Land and buildings22 | - | €47,009 | - | - | - | - |
| Plant, machinery and equipment23 | €203 | - | - | - | - | - |
| Furniture and vehicles24 | €26,394 | €30,915 | €10,506 | €7,004 | €3,502 | ▼ 50.0% |
| Current assets29/58 | €129,893 | €58,106 | €127,363 | €134,212 | €144,923 | ▲ 8.0% |
| Stocks and contracts in progress3 | - | - | €97,009 | €100,509 | €100,509 | = |
| Stocks30/36 | - | - | €97,009 | €100,509 | €100,509 | = |
| Amounts receivable within one year40/41 | €3,393 | €34,923 | €30,072 | €29,246 | €43,846 | ▲ 49.9% |
| Trade receivables40 | €3,393 | €22,195 | €30,072 | €29,246 | €43,846 | ▲ 49.9% |
| Other amounts receivable41 | - | €12,728 | - | - | - | - |
| Cash at bank and in hand54/58 | €126,500 | €23,183 | €282 | €4,457 | €568 | ▼ 87.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,564 | €136,030 | €137,869 | €141,216 | €148,425 | ▲ 5.1% |
| Equity10/15 | €79,369 | €49,386 | -€35,439 | -€32,757 | -€43,824 | ▼ 33.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €71,309 | €41,326 | -€43,499 | -€40,817 | -€51,884 | ▼ 27.1% |
| Amounts payable17/49 | €77,195 | €86,644 | €173,308 | €173,973 | €192,249 | ▲ 10.5% |
| Amounts payable within one year42/48 | €77,195 | €86,644 | €173,308 | €173,973 | €192,249 | ▲ 10.5% |
| Trade debts44 | €43,418 | €83,884 | €97,572 | €617 | €15,674 | ▲ 2,440% |
| Suppliers440/4 | €43,418 | €83,884 | €97,572 | €617 | €15,674 | ▲ 2,440% |
| Taxes, remuneration and social security45 | €23,103 | - | €2,977 | €1,612 | €4,840 | ▲ 200% |
| Taxes450/3 | €23,103 | - | €2,977 | €1,612 | €2,192 | ▲ 36.0% |
| Remuneration and social security454/9 | - | - | - | - | €2,648 | - |
| Other amounts payable47/48 | €10,674 | €2,760 | €72,759 | €171,744 | €171,735 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,840 | -€29,983 | -€84,825 | €2,682 | -€11,067 | ▼ 513% |
| + Depreciation and write-downs630 | €12,895 | €14,016 | €5,477 | €3,502 | €3,502 | = |
| Operating cash flow (approximation) | €59,735 | -€15,967 | -€79,348 | €6,184 | -€7,565 | ▼ 222% |
| Investment in fixed assets (approximation) | - | -€65,343 | €61,941 | €0 | €0 | - |
| Change in cash | - | -€103,317 | -€22,901 | €4,175 | -€3,889 | ▼ 193% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
31-12
Financial
Back to profitnet €2,682
Net result €2,682 after 2 loss-making years.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 132 days late
2023
31-12
Financial
Weakest financial yearnet -€84,825
Net result drops to -€84,825, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Highest result since 2019net €46,840 ▲81.1%
Operating result €47,299, net result €46,840, both a record.
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 65 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.74 to 1.67.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Châtelet · 1 establishment unit since 2023
Ground area
816 m²
Building footprint
39 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
KB CONSTRUCT
since 20232.381.027.722
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92128C0235/00F000 | Wallonia | 681 m² | 1 · 39 m² | - |
| 52012B0006/00C005 | Wallonia | 136 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,076 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
Founded16-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724969486
Also
9925:BE0724969486
Registered
15-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.