KURTCONSTRUCT
ActiveThe computed 12-month bankruptcy probability of KURTCONSTRUCT is 3.3% (moderate). The 2024 annual accounts show equity of €135k and a net result of €26k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 9984 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▲ +14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▲+60
Solvency100▲+9
Growth52=
Stability100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 5.14 against 1.99 in 2023), and 25% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
31 d late
2022
17 d late
2021
30 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€49k
EBIT margin
28.7%
Net result
€26k▲ 221%
2023 · €8k
2019: €138k
2021: €28k
2022: €6k
2023: €8k
2019 → 2024
Working capital
€145k▲ 22.0%
2023 · €119k
2019: €140k
2021: €137k
2022: €131k
2023: €119k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Turnover€49k
Equity€70k-€108k▲ 53.7%€102k▼ 6.0%€109k▲ 7.2%€135k▲ 24.0%
Operating result€138k-€14k▼ 89.7%€-9k€1k€18k▲ 1,510%
Net result€138k-€28k▼ 79.9%€6k▼ 78.0%€8k▲ 33.9%€26k▲ 221%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,510% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €180k
Equity
€135k▲ 24.0%
Provisions
€10k=
Debt
€35k▼ 71.0%
The debt ratio falls from 50.3% to 19.4%: equity grows while debt is paid down.
Key figures and ratios
Solvency
75.0%▲
2023 · 45.5%
Current ratio
5.14▲
2023 · 1.99
Quick ratio
5.14▲
2023 · 1.99
Debt / equity
0.26▼
2023 · 1.11
ROE
19.4%▲
2023 · 7.5%
ROA
14.5%▲
2023 · 3.4%
Debt
€35k▼
2023 · €121k
Debt ≤ 1 year
€35k▼
2023 · €121k
Income taxes
€2k▲
2023 · €2k
Staff costs
€8k▼
2023 · €61k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€240k€180k▼
Current assets29/58€240k€180k▼
Amounts receivable within one year40/41€225k€168k▼
Trade receivables40€15k-
Other amounts receivable41€210k€168k▼
Cash at bank and in hand54/58€14k€12k▼
Equity and liabilities
Total equity and liabilities10/49€240k€180k▼
Equity10/15€109k€135k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€95k€121k▲
Provisions and deferred taxes16€10k€10k=
Provisions for liabilities and charges160/5€10k€10k=
Environmental obligations163€10k€10k=
Amounts payable17/49€121k€35k▼
Amounts payable within one year42/48€121k€35k▼
Trade debts44€203€446▲
Suppliers440/4€203€446▲
Taxes, remuneration and social security45€40k€15k▼
Taxes450/3€40k€14k▼
Remuneration and social security454/9-€181
Other amounts payable47/48€80k€20k▼
Income statement
Code20232024
Remuneration, social security and pensions62€61k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€789-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-20k-
Gross operating margin9900€43k€26k▼
Operating profit (loss)9901€1k€18k▲
Financial income75/76B€9k€11k▲
Recurring financial income75€9k€11k▲
Financial charges65/66B-€109
Recurring financial charges65-€109
Profit (loss) for the period before taxes9903€10k€28k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€8k€26k▲
Profit (loss) for the period to be appropriated9905€8k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€121k▲
Profit (loss) brought forward from the previous period14P€87k€95k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.14
Current ratio from 1.99 to 5.14; short-term debt falls from €121k to €35k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €6k ▼78%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €108k ▲53.7%
2 profitable years in a row build equity to €108k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel
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.
Emile Bockstaellaan 1341020 BrusselGround area
154 m²
Building footprint
107 m²
Volume, LiDAR
1,155 m³
Parcel 21815D0043/00E002, Brussels · tallest building 18.2 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0043/00E002 | Brussels | 154 m² | 1 · 107 m² | 18.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
GE Construct Group
BE 0763.860.053
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O.M.N.
BE 0823.541.084
Sint-Gillis (bij-Brussel) · Eq €135k
SWILLEN Jan
BE 0877.927.501
Bierbeek · Eq €135k
B&E JANS
BE 0779.353.329
Zonhoven · Eq €135k
HL solution
BE 0643.931.629
Profondeville · Eq €135k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 12,674 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kurterkan002@gmail.com