Equity
ONLY CONSTRUCT has made a profit in every financial year since 2022.
ONLY CONSTRUCT has made a profit in every financial year since 2022.
ONLY CONSTRUCT pays its suppliers 10 days later than in 2025. Customers pay 13 days later.
The 2022 accounts came latest: 93 days after the end of the period.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 6 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 41, micro). It does better than 48% of them on solvency, 25% on liquidity, 91% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-01-2026.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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 ONLY 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.
The bankruptcy probability of ONLY CONSTRUCT itself is higher: 5.9% within 12 months. It rests on far more data about ONLY CONSTRUCT than the profile alone.
The method was tested on the 497,447 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 ONLY 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 1.67 (1.58 in 2025), above the usual 1.5. Short-term debt is 60% and cash 9% of total assets. However, 60% 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 5 accounts on average 38 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ONLY CONSTRUCT Antwerp | €154,188 | 11.1% | 40.0% | - |
| AKYIL 1 Antwerp | €77,981 | 19.2% | 47.1% | - |
| RENEX PROJECTS Brasschaat | - | - | 100.0% | - |
| Lars Vandewiele Zottegem | - | - | 78.4% | - |
| STELA GROUP Brussels | - | - | 77.6% | - |
| Trima-Tech Zonhoven | - | - | 40.2% | - |
| VELDEM CONSTRUCT Ghent | - | - | 86.4% | - |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ONLY CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €32,900 and €42,000, founded between 2020 and 2021.
ONLY CONSTRUCT has existed since 2021. The present size dates from 2025. Turnover rose that year from €50,981 to €155,772.
Solvency rose in 2026 from 19.6% to 40.0% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 26% of 9,452 companies in 2025.
Higher than 46% of 9,200 companies in 2025.
Higher than 83% of 9,272 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
40,024 | 81,522 | 46,422 | 46,698 | 17,236 | |
21/28 |
- | 0 | 140 | 523 | 906 | |
22/27 |
- | 0 | 140 | 523 | 906 | |
24 |
- | 0 | 140 | 523 | 906 | |
29/58 |
40,024 | 81,522 | 46,282 | 46,175 | 16,330 | |
3 |
- | 0 | 7,550 | - | - | |
30/36 |
- | 0 | 7,550 | - | - | |
40/41 |
36,402 | 76,126 | 37,778 | 23,197 | 6,266 | |
40 |
- | 31,027 | 9,176 | 360 | 5,285 | |
41 |
36,402 | 45,099 | 28,603 | 22,837 | 981 | |
50/53 |
- | - | - | - | 10,064 | |
54/58 |
3,622 | 5,396 | 954 | 22,978 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
40,024 | 81,522 | 46,422 | 46,698 | 17,236 | |
10/15 |
16,000 | 16,000 | 36,477 | 34,705 | 14,777 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
11,000 | 11,000 | 11,000 | 10,000 | - | |
130/1 |
11,000 | 11,000 | 11,000 | - | - | |
1319 |
11,000 | 11,000 | 11,000 | - | - | |
133 |
- | - | - | 10,000 | - | |
14 |
- | 0 | 20,477 | 19,705 | 9,777 | |
17/49 |
24,024 | 65,522 | 9,945 | 11,992 | 2,459 | |
42/48 |
24,024 | 51,690 | 9,945 | 11,992 | 2,459 | |
44 |
6,995 | 3,196 | 9,096 | 3,192 | - | |
440/4 |
6,995 | 3,196 | 9,096 | 3,192 | - | |
45 |
3,584 | 5,710 | 849 | 8,801 | 2,459 | |
450/3 |
3,584 | 5,710 | 849 | 8,801 | 2,459 | |
47/48 |
13,444 | 42,785 | - | - | - | |
492/3 |
- | 13,832 | - | - | - | |
| Income statement | ||||||
70 |
154,188 | 155,772 | 50,981 | 131,046 | 77,456 | |
9900 |
17,790 | 28,851 | 4,038 | 27,355 | 12,914 | |
60/61 |
136,398 | 126,921 | 46,943 | 103,691 | 64,543 | |
630 |
- | 140 | 383 | 383 | 244 | |
640/8 |
687 | 890 | 789 | 589 | 299 | |
9901 |
17,103 | 27,821 | 2,865 | 26,382 | 12,372 | |
75/76B |
17 | 116 | - | 5 | 21 | |
75 |
17 | 116 | - | 5 | 21 | |
65/66B |
175 | 89 | 244 | 117 | 156 | |
65 |
175 | 89 | 244 | 117 | 156 | |
9903 |
16,945 | 27,848 | 2,621 | 26,270 | 12,236 | |
67/77 |
3,500 | 5,540 | 849 | 6,342 | - | |
9904 |
13,444 | 22,308 | 1,771 | 19,928 | 12,236 | |
9905 |
13,444 | 22,308 | 1,771 | 19,928 | 12,236 | |
| Appropriation of the result | ||||||
9906 |
13,444 | 22,308 | 21,477 | 29,705 | 22,014 | |
14P |
- | - | 19,705 | 9,777 | 9,777 | |
691/2 |
- | - | 1,000 | 10,000 | - | |
6920 |
- | - | - | 10,000 | - | |
6921 |
- | - | 1,000 | - | - | |
794 |
- | - | - | - | 0 | |
694/7 |
13,444 | 22,308 | - | - | 12,236 | |
694 |
- | 22,308 | - | - | 12,236 | |
695 |
13,444 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 3 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 2026 at the NBB, filed on 12-10-2026.
2026 annual accounts filed 42 days after the deadline. Filed on 12 October 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00554062.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2026 | micro format | 12-10-2026 | 2026-00554062 | |
| 31-01-2025 | micro format | 08-08-2025 | 2025-00366275 | |
| 31-01-2024 | micro format | 09-10-2024 | 2024-00501495 | |
| 31-01-2023 | micro format | 11-10-2023 | 2023-00482123 | |
| 31-01-2022 | micro format | 02-12-2022 | 2022-20530550 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| - | 27,960 | 3,248 | 26,765 | 12,615 | ||
| - | 22,448 | 2,155 | 20,311 | 12,480 | ||
| - | 0 | 0 | 0 | 1,150 | ||
| -1,775 | 4,442 | -22,024 | - | - | ||
| 16,000 | 29,832 | 36,337 | 34,182 | 13,871 | ||
| 11.1% | 17.9% | 5.6% | 20.1% | 16.0% | ||
| 40.0% | 19.6% | 78.6% | 74.3% | 85.7% | ||
| 1.67 | 1.58 | 4.65 | 3.85 | 6.64 | ||
| 1.67 | 1.58 | 3.89 | 3.85 | 6.64 | ||
| 1.50 | 4.10 | 0.27 | 0.35 | 0.17 | ||
| 84.0% | 139.4% | 4.9% | 57.4% | 82.8% | ||
| 33.6% | 27.4% | 3.8% | 42.7% | 71.0% | ||
| - | over 100 | 13.31 | over 100 | 80.64 | ||
| 86 days | 73 days | 66 days | 1 day | 25 days | ||
| 19 days | 9 days | 71 days | 11 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 | 31-01-2026 | 31-01-2025 | 31-01-2024 | 31-01-2023 | 31-01-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,150 |
| - | €140 | €383 | €383 | €244 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 39% lower than in 2025.
Debt's share of the balance-sheet total falls from 80.4% to 60.0%. Debt is lower.
ONLY CONSTRUCT has no parent and no holdings in its annual accounts. CIUBOTARIU Daniel is the only director. ONLY CONSTRUCT shares no director with another company.
| Vereniging van Mede-eigenaars van het gebouw te 2100 Antwerpen-Deurne, Ter Heydelaan 189-191
registered office since 01-08-1995 |
founded in 1995 0837.211.453 |
Deadline for the 2027 accounts: 31-08-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ONLY CONSTRUCT was incorporated on 10 February 2021 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Antwerp in 2025.3 CIUBOTARIU Daniel is director of the company, appointed by deed of 12-02-2021.2 Turnover grew from €77,456 in 2022 to €154,188 in 2026.4
| Establishment | Since | Unit number |
|---|---|---|
| Ter Heydelaan 189 registered office 2100 Antwerp | 10-02-2021 | 2.313.231.749 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11344A0566/00H002 | 384 m² | 1 · 183 m² | 16.4 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 0763.466.511
If something looks wrong or is missing, please tell us.