NV CONSTRUCT
ActiveSummary
NV CONSTRUCT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,891 and a net result of €7,603. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 39% of 9,154 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Equity
- €32,891
- Profit
- €7,603
Why 63raises riskLatest accounts 19 days late; 2 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €98,361lowers riskLiquidity: current ratio 1.50, cash €20,601Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 41% on solvency, 38% on liquidity, 32% on profitability and 20% on growth.
The bankruptcy probability was computed on 17-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 75 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Amendment of the articles · Legal-form…Capital conversion · Registered office…
Financials · financial year 2025, micro format
2025 annual accounts filed late (19 days) Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407385.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,975 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €542 | €1,745 | €2,341 | €2,815 | €2,592 | €414 | - | - | - |
| Other operating charges640/8 | - | - | - | €543 | €1,306 | €691 | €1,099 | €2,336 | ▲ 113% |
| Gross operating margin9900 | €14,078 | €15,215 | €10,037 | €20,547 | €62,842 | €34,616 | €23,792 | €12,327 | ▼ 48.2% |
| Operating profit (loss)9901 | €13,536 | -€39,657 | €5,358 | €17,189 | €58,944 | €33,511 | €22,693 | €9,991 | ▼ 56.0% |
| Financial income75/76B | - | - | - | €48 | €3,401 | €3,759 | €3,648 | €2,769 | ▼ 24.1% |
| Recurring financial income75 | - | €0 | €2,426 | €48 | €3,401 | €3,759 | €3,648 | €2,769 | ▼ 24.1% |
| Financial charges65/66B | - | - | - | €2,351 | €20,900 | €20,797 | €13,916 | €1,757 | ▼ 87.4% |
| Recurring financial charges65 | €74 | €1,855 | €3,368 | €2,351 | €20,900 | €20,797 | €13,916 | €1,757 | ▼ 87.4% |
| Profit (loss) for the period before taxes9903 | €13,462 | -€41,512 | €4,417 | €14,886 | €41,444 | €16,473 | €12,425 | €11,003 | ▼ 11.4% |
| Income taxes67/77 | €2,950 | €665 | €449 | €4,318 | €7,363 | €3,685 | €3,085 | €3,400 | ▲ 10.2% |
| Profit (loss) for the period9904 | €10,513 | -€42,176 | €3,968 | €10,568 | €34,081 | €12,788 | €9,340 | €7,603 | ▼ 18.6% |
| Profit (loss) for the period to be appropriated9905 | €10,513 | -€42,176 | €3,968 | €10,568 | €34,081 | €12,788 | €9,340 | €7,603 | ▼ 18.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,995 | €31,597 | €53,212 | €80,198 | €113,626 | €154,194 | €128,483 | €98,361 | ▼ 23.4% |
| Fixed assets21/28 | €958 | €1,703 | €941 | €3,084 | €492 | €78 | €78 | €78 | = |
| Tangible fixed assets22/27 | €958 | €1,703 | €863 | €3,006 | €414 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €2,894 | €414 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €113 | - | - | - | - | - |
| Financial fixed assets28 | - | - | €78 | €78 | €78 | €78 | €78 | €78 | = |
| Current assets29/58 | €21,037 | €29,893 | €52,272 | €77,114 | €113,133 | €154,116 | €128,405 | €98,283 | ▼ 23.5% |
| Amounts receivable within one year40/41 | €20,997 | €29,776 | €47,376 | €75,578 | €111,144 | €127,175 | €100,763 | €77,682 | ▼ 22.9% |
| Trade receivables40 | - | - | - | €28,680 | €54,511 | €64,090 | €48,151 | €33,889 | ▼ 29.6% |
| Other amounts receivable41 | - | - | - | €46,898 | €56,633 | €63,085 | €52,613 | €43,792 | ▼ 16.8% |
| Cash at bank and in hand54/58 | €39 | €117 | €4,896 | €1,535 | €1,989 | €26,941 | €27,642 | €20,601 | ▼ 25.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,995 | €31,597 | €53,212 | €80,198 | €113,626 | €154,194 | €128,483 | €98,361 | ▼ 23.4% |
| Equity10/15 | €12,513 | -€29,664 | €21,511 | €32,079 | €58,160 | €50,948 | €40,288 | €32,891 | ▼ 18.4% |
| Contributions10/11 | €2,000 | €2,000 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | = |
| Non-distributable reserves130/1 | - | - | - | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | = |
| Reserves not available under the articles1311 | - | - | - | €10,513 | €10,513 | €10,513 | €10,513 | €10,513 | = |
| Profit (loss) carried forward14 | - | -€42,176 | €8,998 | €19,566 | €45,647 | €38,435 | €27,776 | €20,378 | ▼ 26.6% |
| Amounts payable17/49 | €9,482 | €61,261 | €31,701 | €48,119 | €55,466 | €103,246 | €88,195 | €65,470 | ▼ 25.8% |
| Amounts payable within one year42/48 | €9,482 | €11,400 | €31,701 | €48,119 | €55,466 | €103,246 | €88,195 | €65,470 | ▼ 25.8% |
| Trade debts44 | €6,533 | €7,786 | €27,539 | €41,554 | €35,484 | €68,103 | €50,528 | €38,200 | ▼ 24.4% |
| Suppliers440/4 | - | - | - | €41,554 | €35,484 | €68,103 | €50,528 | €38,200 | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | - | - | €6,565 | €11,981 | €15,143 | €17,667 | €12,270 | ▼ 30.6% |
| Taxes450/3 | - | - | - | €6,165 | €11,681 | €15,143 | €11,532 | €6,568 | ▼ 43.0% |
| Remuneration and social security454/9 | - | - | - | €400 | €300 | - | €6,135 | €5,702 | ▼ 7.1% |
| Other amounts payable47/48 | - | - | - | - | €8,000 | €20,000 | €20,000 | €15,000 | ▼ 25.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,513 | -€42,176 | €3,968 | €10,568 | €34,081 | €12,788 | €9,340 | €7,603 | ▼ 18.6% |
| + Depreciation and write-downs630 | €542 | €1,745 | €2,341 | €2,815 | €2,592 | €414 | - | - | - |
| Operating cash flow (approximation) | €11,054 | -€40,432 | €6,309 | €13,383 | €36,673 | €13,202 | €9,340 | €7,603 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€2,490 | -€1,578 | -€4,959 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €78 | €4,778 | -€3,360 | €454 | €24,952 | €701 | -€7,041 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-08-2026 | 2026-00407385 |
| 31-12-2024 | micro format | 26-09-2025 | 2025-00508856 |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00476909 |
| 31-12-2022 | micro format | 22-11-2023 | 2023-00514553 |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20461853 |
| 31-12-2020 | micro format | 26-10-2021 | 2021-73400371 |
| 31-12-2019 | micro format | 27-11-2020 | 2020-74100163 |
| 31-12-2018 | micro format | 23-04-2020 | 2020-09800536 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
31-03
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion · Registered office clause10 facts ▸
- General meeting, 21-02-2025
- Other provision, “statuten aanpassen aan WVV, vaststelling omzetting kapitaal en reserves in onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutaire onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Other provision, “niet volgestorte kapitaaldelen om te zetten in niet opgevraagde inbrengen, artikel 39, §2, derde lid van de wet van 23-03-2019” (deed in Dutch)
- Capital conversion, “statutaire onbeschikbare eigenvermogensrekening, opheffing” (deed in Dutch)
- Other provision, “informatie over uitdelingsprocedure, beroep te doen op een professionele accountant” (deed in Dutch)
- Registered office clause, “1930 Zaventem, Imperiastraat 8” (deed in Dutch)
- Other provision, “nv.construct@hotmail.com, website en e-mailadres en stemwijze” (deed in Dutch)
- Other provision, “sluiting vergadering, alle agendapunten afgehandeld” (deed in Dutch)
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0685.840.478
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
| 21304B0091/00W000 | Brussels | 126 m² | 1 · 67 m² | 15.1 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NV CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, adres kan worden overgebracht naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Geboekt op algemene kosten,los van eventuele representatie-,reis-en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte van nieuwe aandelen, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 14. Organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissend in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie indien geen andere vereffenaar benoemd” (deed in Dutch)