P&I CONSTRUCTIONS
ActiveSummary
P&I CONSTRUCTIONS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,892 and a net result of €34,502. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 7625 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 5.91 against 6.01 in 2024; short-term debt: 13.7% and cash: 69.4% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
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
86.3%
Return on assets
21.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
13 d late
2023
12 d late
2022
17 d early
2021
1 d early
2020
2 d late
2019
91 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 16 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. Usually files around 10 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€140,892▲ 14.5%
2024 · €122,997
Total assets
€163,245▲ 12.9%
2024 · €144,624
Net result
€34,502▲ 90.6%
2024 · €18,102
Working capital
€109,786▲ 25.6%
2024 · €87,432
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49,817▼ 15.2%€34,726▼ 30.3%€39,079▲ 12.5%€26,070▼ 33.3%€49,370▲ 89.4%
Net result€34,312above the sector's middle half▼ 19.2%€23,700within the sector's middle half▼ 30.9%€27,709above the sector's middle half▲ 16.9%€18,102within the sector's middle half▼ 34.7%€34,502above the sector's middle half▲ 90.6%
Equity€53,486within the sector's middle half▲ 31.5%€77,186within the sector's middle half▲ 44.3%€104,895within the sector's middle half▲ 35.9%€122,997above the sector's middle half▲ 17.3%€140,892above the sector's middle half▲ 14.5%
Total assets€142,494within the sector's middle half▲ 78.3%€124,146within the sector's middle half▼ 12.9%€134,511within the sector's middle half▲ 8.3%€144,624within the sector's middle half▲ 7.5%€163,245within the sector's middle half▲ 12.9%
Debt€89,008▲ 127%€46,960▼ 47.2%€29,616▼ 36.9%€21,627▼ 27.0%€22,353▲ 3.4%
Working capital€32,998within the sector's middle half▼ 8.0%€58,572within the sector's middle half▲ 77.5%€66,252within the sector's middle half▲ 13.1%€87,432above the sector's middle half▲ 32.0%€109,786above the sector's middle half▲ 25.6%
Solvency37.5%within the sector's middle half▼ 13.4pp62.2%within the sector's middle half▲ 24.6pp78.0%above the sector's middle half▲ 15.8pp85.0%above the sector's middle half▲ 7.1pp86.3%above the sector's middle half▲ 1.3pp
Current ratio1.59within the sector's middle half▼ 0.323.54above the sector's middle half▲ 1.945.27above the sector's middle half▲ 1.736.01above the sector's middle half▲ 0.745.91above the sector's middle half▼ 0.10
Return on assets (ROA)24.1%above the sector's middle half▼ 29.1pp19.1%above the sector's middle half▼ 5.0pp20.6%above the sector's middle half▲ 1.5pp12.5%within the sector's middle half▼ 8.1pp21.1%above the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 89% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,245
Fixed assets
€31,106 ▼ 21.7%
Current assets
€132,139 ▲ 26.0%
Equity and liabilities €163,245
Equity
€140,892 ▲ 14.5%
Debt
€22,353 ▲ 3.4%
Debt's share of the balance-sheet total falls from 15.0% to 13.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,796▲
2024 · €40,291
Cash flow
€48,929▲
2024 · €32,323
Debt to equity
0.16▼
2024 · 0.18
ROE
24.5%▲
2024 · 14.7%
Interest coverage
108.22▲
2024 · 53.35
Debt ≤ 1 year
€22,353▲
2024 · €17,457
Income taxes
€14,746▲
2024 · €7,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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% 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 31,371 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,683 | €11,526 | €12,901 | €14,221 | €14,426 | ▲ 1.4% |
| Other operating charges640/8 | €62 | €62 | €62 | €62 | €62 | = |
| Gross operating margin9900 | €54,562 | €46,314 | €52,042 | €40,353 | €63,858 | ▲ 58.2% |
| Operating profit (loss)9901 | €49,817 | €34,726 | €39,079 | €26,070 | €49,370 | ▲ 89.4% |
| Financial income75/76B | - | - | €180 | €365 | €468 | ▲ 28.3% |
| Recurring financial income75 | - | - | €180 | €365 | €468 | ▲ 28.3% |
| Financial charges65/66B | €967 | €812 | €1,070 | €755 | €590 | ▼ 21.9% |
| Recurring financial charges65 | €967 | €812 | €1,070 | €755 | €590 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €48,850 | €33,914 | €38,189 | €25,679 | €49,248 | ▲ 91.8% |
| Income taxes67/77 | €14,538 | €10,214 | €10,480 | €7,577 | €14,746 | ▲ 94.6% |
| Profit (loss) for the period9904 | €34,312 | €23,700 | €27,709 | €18,102 | €34,502 | ▲ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €34,312 | €23,700 | €27,709 | €18,102 | €34,502 | ▲ 90.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,494 | €124,146 | €134,511 | €144,624 | €163,245 | ▲ 12.9% |
| Fixed assets21/28 | €54,004 | €42,478 | €52,725 | €39,735 | €31,106 | ▼ 21.7% |
| Tangible fixed assets22/27 | €52,476 | €40,950 | €51,198 | €38,207 | €29,579 | ▼ 22.6% |
| Land and buildings22 | €1,515 | €1,209 | €20,185 | €17,674 | €18,826 | ▲ 6.5% |
| Plant, machinery and equipment23 | €2,077 | €1,446 | €3,307 | €3,417 | €4,225 | ▲ 23.7% |
| Furniture and vehicles24 | €48,885 | €38,296 | €27,706 | €17,117 | €6,528 | ▼ 61.9% |
| Financial fixed assets28 | €1,527 | €1,527 | €1,527 | €1,527 | €1,527 | = |
| Current assets29/58 | €88,490 | €81,668 | €81,786 | €104,889 | €132,139 | ▲ 26.0% |
| Amounts receivable within one year40/41 | €16,035 | €19,130 | €17,343 | €24,167 | €16,653 | ▼ 31.1% |
| Trade receivables40 | €16,035 | €16,376 | €15,405 | €14,999 | €15,455 | ▲ 3.0% |
| Other amounts receivable41 | - | €2,753 | €1,939 | €9,169 | €1,198 | ▼ 86.9% |
| Cash at bank and in hand54/58 | €70,750 | €59,151 | €62,749 | €80,700 | €113,310 | ▲ 40.4% |
| Deferred charges and accrued income490/1 | €1,705 | €3,387 | €1,694 | €22 | €2,176 | ▲ 9,701% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,494 | €124,146 | €134,511 | €144,624 | €163,245 | ▲ 12.9% |
| Equity10/15 | €53,486 | €77,186 | €104,895 | €122,997 | €140,892 | ▲ 14.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €34,894 | €58,594 | €86,303 | €104,405 | €122,300 | ▲ 17.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €33,035 | €56,735 | €84,444 | €102,545 | €120,441 | ▲ 17.5% |
| Amounts payable17/49 | €89,008 | €46,960 | €29,616 | €21,627 | €22,353 | ▲ 3.4% |
| Amounts payable after more than one year17 | €33,516 | €23,864 | €14,083 | €4,170 | - | - |
| Financial debts170/4 | €33,516 | €23,864 | €14,083 | €4,170 | - | - |
| Amounts payable within one year42/48 | €55,492 | €23,096 | €15,534 | €17,457 | €22,353 | ▲ 28.0% |
| Current portion of amounts payable after more than one year42 | €9,524 | €9,652 | €9,781 | €9,913 | €4,170 | ▼ 57.9% |
| Financial debts43 | €5,833 | €7,250 | €3,723 | €2,417 | - | - |
| Credit institutions430/8 | €5,833 | €7,250 | €3,723 | €2,417 | - | - |
| Trade debts44 | €3,835 | €1,656 | €2,030 | €5,127 | €1,695 | ▼ 66.9% |
| Suppliers440/4 | €3,835 | €1,656 | €2,030 | €5,127 | €1,695 | ▼ 66.9% |
| Taxes, remuneration and social security45 | €21,803 | €4,538 | - | - | €630 | - |
| Taxes450/3 | €20,491 | €4,538 | - | - | €630 | - |
| Remuneration and social security454/9 | €1,312 | - | - | - | - | - |
| Other amounts payable47/48 | €14,497 | - | - | - | €15,858 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,312 | €23,700 | €27,709 | €18,102 | €34,502 | ▲ 90.6% |
| + Depreciation and write-downs630 | €4,683 | €11,526 | €12,901 | €14,221 | €14,426 | ▲ 1.4% |
| Operating cash flow (approximation) | €38,995 | €35,226 | €40,610 | €32,323 | €48,929 | ▲ 51.4% |
| Investment in fixed assets (approximation) | - | €0 | -€23,149 | -€1,230 | -€5,798 | ▼ 371% |
| Change in cash | - | -€11,599 | €3,598 | €17,951 | €32,610 | ▲ 81.7% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Equity above €100,000Eq €104,895 ▲35.9%
4 profitable years in a row build equity to €104,895.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.54
Current ratio from 1.59 to 3.54; short-term debt falls from €55,492 to €23,096.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Back to profitnet €42,475
Net result €42,475 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€6,451
Net result drops to -€6,451, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Lummen · 1 establishment unit since 1998
Ground area
2,459 m²
Building footprint
333 m²
Volume, LiDAR
1,118 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hamsesteenweg 113, 3971 Leopoldsburg
since 19982.085.206.624
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A0176/00B002 | Flanders | 1,491 m² | 1 · 230 m² | 10.2 m · 2 fl. |
| 71023A0866/00S011 | Flanders | 968 m² | 1 · 102 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.
Similar companies · same sector, comparable size
ENTREPRISE TRAVAUX CONSTRUCTIONS TORTORICI
BE 0476.815.277
Montigny-le-Tilleul · Eq €140,898
LABEL ENTREPRISE
BE 0525.829.971
Colfontaine · Eq €140,905
COUTIPAÇOS BELGIUM
BE 0722.865.873
Seneffe · Eq €140,871
Business for Business Services
BE 0701.714.133
Sint-Lievens-Houtem · Eq €140,917
JACOBS i3
BE 0720.653.877
Oudsbergen · Eq €140,931
Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,770 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
Founded27-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462432157
Also
9925:BE0462432157
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.