Novus Construct
ActiveNovus Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.35M and a net result of €52k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-47
Solvency28=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.21 in 2024), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
0.4%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
38 d early
2023
34 d early
2022
38 d early
2021
31 d early
2020
43 d early
2019
43 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.35M▲ 2.3%
2024 · €2.30M
2018: €999k
2019: €1.00M
2020: €1.36M
2021: €1.47M
2022: €1.77M
2023: €2.03M
2024: €2.30M
2018 → 2025
Total assets
€12.80M▼ 2.2%
2024 · €13.09M
2018: €8.20M
2019: €10.48M
2020: €16.68M
2021: €19.68M
2022: €14.57M
2023: €16.32M
2024: €13.09M
2018 → 2025
Net result
€52k▼ 80.4%
2024 · €268k
2018: €2k
2019: €5k
2020: €353k
2021: €112k
2022: €297k
2023: €265k
2024: €268k
2018 → 2025
Working capital
€2.35M▲ 2.8%
2024 · €2.29M
2018: €917k
2019: €930k
2020: €1.27M
2021: €1.43M
2022: €1.73M
2023: €2.04M
2024: €2.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.47M-€1.77M▲ 20.2%€2.03M▲ 15.0%€2.30M▲ 13.2%€2.35M▲ 2.3%
Operating result€129k-€362k▲ 182%€388k▲ 7.0%€401k▲ 3.5%€105k▼ 73.8%
Net result€112k-€297k▲ 165%€265k▼ 10.9%€268k▲ 1.3%€52k▼ 80.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.80M
Fixed assets
€48k▼ 14.2%
Current assets
€12.75M▼ 2.2%
Equity and liabilities €12.80M
Equity
€2.35M▲ 2.3%
Debt
€10.45M▼ 3.2%
The debt ratio falls from 82.4% to 81.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€118k▼
2024 · €412k
Cash flow
€66k▼
2024 · €279k
Solvency
18.4%▲
2024 · 17.6%
Current ratio
1.23▲
2024 · 1.21
Quick ratio
0.17▲
2024 · 0.10
Debt / equity
4.45▼
2024 · 4.70
ROE
2.2%▼
2024 · 11.7%
ROA
0.4%▼
2024 · 2.0%
Interest coverage
1.62▼
2024 · 5.63
Debt
€10.45M▼
2024 · €10.80M
Debt ≤ 1 year
€10.40M▼
2024 · €10.75M
Income taxes
€19k▼
2024 · €90k
Staff costs
€172k▲
2024 · €151k
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€13.09M€12.80M▼
Fixed assets21/28€56k€48k▼
Tangible fixed assets22/27€50k€41k▼
Furniture and vehicles24€50k€41k▼
Financial fixed assets28€6k€7k▲
Current assets29/58€13.04M€12.75M▼
Stocks and contracts in progress3€12.01M€11.03M▼
Stocks30/36€12.01M€11.03M▼
Amounts receivable within one year40/41€79k€360k▲
Trade receivables40€64k€246k▲
Other amounts receivable41€15k€115k▲
Cash at bank and in hand54/58€233k€572k▲
Deferred charges and accrued income490/1€721k€795k▲
Equity and liabilities
Total equity and liabilities10/49€13.09M€12.80M▼
Equity10/15€2.30M€2.35M▲
Contributions10/11€250k€250k=
Reserves13€2.05M€2.10M▲
Non-distributable reserves130/1€25k€25k=
Reserves not available under the articles1311€25k€25k=
Distributable reserves133€2.02M€2.08M▲
Amounts payable17/49€10.80M€10.45M▼
Amounts payable within one year42/48€10.75M€10.40M▼
Financial debts43€553k€553k=
Credit institutions430/8€553k€553k=
Trade debts44€727k€473k▼
Suppliers440/4€727k€473k▼
Advances received on contracts in progress46€8.27M€6.56M▼
Taxes, remuneration and social security45€97k€27k▼
Taxes450/3€81k€9k▼
Remuneration and social security454/9€16k€18k▲
Other amounts payable47/48€1.10M€2.79M▲
Accrued charges and deferred income492/3€47k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€151k€172k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€14k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€566k€293k▼
Operating profit (loss)9901€401k€105k▼
Financial income75/76B€30k€39k▲
Recurring financial income75€30k€39k▲
Financial charges65/66B€73k€73k▼
Recurring financial charges65€73k€73k▼
Profit (loss) for the period before taxes9903€358k€71k▼
Income taxes67/77€90k€19k▼
Profit (loss) for the period9904€268k€52k▼
Profit (loss) for the period to be appropriated9905€268k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€268k€52k▼
Transfer to equity691/2€268k€52k▼
To other reserves6921€268k€52k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.03M ▲15%
6 profitable years in a row build equity to €2.03M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €353k ▲6612%
Operating result €463k, net result €353k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.00M ▲0.5%
2 profitable years in a row build equity to €1.00M.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2013
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.
Scheepsdalelaan 608000 BruggeGround area
927 m²
Building footprint
569 m²
Volume, LiDAR
5,099 m³
Parcel 31808K0728/00Y000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Novus Construct
since 20132.213.381.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0728/00Y000 | Flanders | 927 m² | 1 · 569 m² | 11.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 440 EUR awarded · 220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 440 EUR | 220 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 2,764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.