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PDH Construct

Active
Private limited company (pre-2019)founded 201511 yrs activeZandkapelweg(NDW) 80, 2200 Herentals, BelgiumKBO/BCE: BE 0630.871.964
Summary

PDH Construct has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14,472 and a net result of €32,757. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency54▲+54
Growth85▲+41
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.65; short-term debt: 60.6% and cash: 5.5% of total assets), but 70.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
29.3%
Return on assets
66.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
68 d late
2023
77 d late
2022
106 d late
2021
30 d late
2020
268 d late
2019
179 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 May 2015, PDH Construct was incorporated.1 Revenue went from EUR 15,000 in 2019 to EUR 50,000 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€50,000▲ 128%
2023 · €21,947
EBIT margin
75.3%▲ 93.3pp
2023 · -18.1%
Net result
€32,757
2023 · -€3,966
Working capital
€19,454
2022 · -€7,673
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€19,435▲ 29.6%€14,131▼ 27.3%€868▼ 93.9%€21,947▲ 2,428%€50,000▲ 128%
Operating result€1,918▼ 70.1%-€9,439-€14,671▼ 55.4%-€3,966▲ 73.0%€37,639
Net result€1,334within the sector's middle half▼ 74.2%-€9,469below the sector's middle half-€14,671below the sector's middle half▼ 54.9%-€3,966below the sector's middle half▲ 73.0%€32,757above the sector's middle half
EBIT margin9.9%▼ 32.9pp-66.8%▼ 76.7pp-1690.2%▼ 1623.4pp-18.1%▲ 1672.1pp75.3%▲ 93.3pp
Equity€6,275below the sector's middle half▲ 41.0%-€1,748below the sector's middle half-€7,673below the sector's middle half▼ 339%-€16,806below the sector's middle half▼ 119%€14,472below the sector's middle half
Total assets€9,586below the sector's middle half▲ 10.3%€3,046below the sector's middle half▼ 68.2%€1below the sector's middle half▼ 100.0%€9,073below the sector's middle half▲ 907,200%€49,321below the sector's middle half▲ 444%
Debt€3,311▼ 22.0%€4,794▲ 44.8%€7,674▲ 60.1%€25,879▲ 237%€34,849▲ 34.7%
Working capital€6,147within the sector's middle half▲ 61.4%-€1,748below the sector's middle half-€7,673below the sector's middle half▼ 339%€19,454within the sector's middle half
Solvency65.5%above the sector's middle half▲ 14.3pp-185.2%below the sector's middle half29.3%within the sector's middle half▲ 214.6pp
Current ratio2.86within the sector's middle half▲ 0.961.65within the sector's middle half
Return on assets (ROA)13.9%within the sector's middle half▼ 45.7pp-43.7%below the sector's middle half66.4%above the sector's middle half▲ 110.1pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
-€20,000€0€20,000€40,000Operating result 2020: €1,918€1,918Net result 2020: €1,334€1,334Operating result 2021: -€9,439-€9,439Net result 2021: -€9,469-€9,469Operating result 2022: -€14,671-€14,671Net result 2022: -€14,671-€14,671Operating result 2023: -€3,966-€3,966Net result 2023: -€3,966-€3,966Operating result 2024: €37,639€37,639Net result 2024: €32,757€32,75720202021202220232024-€20,000€0€20,000€40,000Operating result 2022: -€14,671-€14,700Net result 2022: -€14,671-€14,700Operating result 2023: -€3,966-€3,970Net result 2023: -€3,966-€3,970Operating result 2024: €37,639€37,600Net result 2024: €32,757€32,800202220232024
The operating result returns to profit in 2024: €37,639 after a loss of €3,966 in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €49,321
Equity €14,472
Debt €34,849
Debt finances 70.7% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
Debt to equity
2.41▲
2023 · -1.54
ROE
226.3%
Debt ≤ 1 year
€29,867
Debt > 1 year
€4,982▼
2023 · €25,879
Income taxes
€4,816
Staff costs
€479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€9,073€49,321▲
Current assets29/58€9,073€49,321▲
Amounts receivable within one year40/41€3,159€46,588▲
Trade receivables40-€46,588
Other amounts receivable41€3,159-
Cash at bank and in hand54/58€5,914€2,733▼
Equity and liabilities
Total equity and liabilities10/49€9,073€49,321▲
Equity10/15-€16,806€14,472▲
Contributions10/11€6,200€6,200=
Reserves13€798€2,277▲
Non-distributable reserves130/1€798€2,277▲
Other1319€798€2,277▲
Profit (loss) carried forward14-€23,804€5,995▲
Amounts payable17/49€25,879€34,849▲
Amounts payable after more than one year17€25,879€4,982▼
Trade debts175€14,741-
Advances received on contracts in progress176€11,138-
Other amounts payable178/9-€4,982
Amounts payable within one year42/48-€29,867
Trade debts44-€25,051
Suppliers440/4-€25,051
Taxes, remuneration and social security45-€4,816
Taxes450/3-€4,816
Income statement Code20232024
Turnover70€21,947€50,000▲
Goods, raw materials, services and sundry goods60/61€25,804€11,764▼
Remuneration, social security and pensions62-€479
Other operating charges640/8€109€118▲
Gross operating margin9900-€3,857€38,236▲
Operating profit (loss)9901-€3,966€37,639▲
Financial charges65/66B-€66
Recurring financial charges65-€66
Profit (loss) for the period before taxes9903-€3,966€37,573▲
Income taxes67/77-€4,816
Profit (loss) for the period9904-€3,966€32,757▲
Profit (loss) for the period to be appropriated9905-€3,966€32,757▲
Appropriation of the result
Profit (loss) to be appropriated9906-€23,804€7,474▲
Profit (loss) brought forward from the previous period14P-€19,838-€25,283▼
Transfer to equity691/2-€1,479
To the legal reserve6920-€1,479

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€19,435€14,131€868€21,947€50,000▲ 128%
Goods, raw materials, services and sundry goods60/61€16,476€22,686€2,580€25,804€11,764▼ 54.4%
Remuneration, social security and pensions62€347€418--€479-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€513€129----
Other operating charges640/8€181€338-€109€118▲ 8.3%
Non-recurring operating charges66A--€14,671---
Gross operating margin9900€2,959-€8,554--€3,857€38,236▲ 1,091%
Operating profit (loss)9901€1,918-€9,439-€14,671-€3,966€37,639▲ 1,049%
Financial income75/76B-€38----
Recurring financial income75-€38----
Non-recurring financial income76B-€38----
Financial charges65/66B€59€68--€66-
Recurring financial charges65€59€64--€66-
Non-recurring financial charges66B-€4----
Profit (loss) for the period before taxes9903€1,859-€9,469-€14,671-€3,966€37,573▲ 1,047%
Income taxes67/77€525---€4,816-
Profit (loss) for the period9904€1,334-€9,469-€14,671-€3,966€32,757▲ 926%
Profit (loss) for the period to be appropriated9905€1,334-€9,469-€14,671-€3,966€32,757▲ 926%
Line20202021202220232024Change
Assets
Total assets20/58€9,586€3,046€1€9,073€49,321▲ 444%
Fixed assets21/28€128-----
Tangible fixed assets22/27€128€0----
Furniture and vehicles24€128-----
Current assets29/58€9,458€3,046€1€9,073€49,321▲ 444%
Amounts receivable within one year40/41---€3,159€46,588▲ 1,375%
Trade receivables40----€46,588-
Other amounts receivable41---€3,159--
Cash at bank and in hand54/58€9,458€3,046€1€5,914€2,733▼ 53.8%
Equity and liabilities
Total equity and liabilities10/49€9,586€3,046€1€9,073€49,321▲ 444%
Equity10/15€6,275-€1,748-€7,673-€16,806€14,472▲ 186%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€798€798€798€798€2,277▲ 185%
Non-distributable reserves130/1€798€798€798€798€2,277▲ 185%
Other1319€798€798€798€798€2,277▲ 185%
Profit (loss) carried forward14-€723-€8,746-€14,671-€23,804€5,995▲ 125%
Amounts payable17/49€3,311€4,794€7,674€25,879€34,849▲ 34.7%
Amounts payable after more than one year17---€25,879€4,982▼ 80.7%
Trade debts175---€14,741--
Advances received on contracts in progress176---€11,138--
Other amounts payable178/9----€4,982-
Amounts payable within one year42/48€3,311€4,794€7,674-€29,867-
Trade debts44€3,311€4,794€7,674-€25,051-
Suppliers440/4€3,311€4,794€7,674-€25,051-
Taxes, remuneration and social security45----€4,816-
Taxes450/3----€4,816-
Line20202021202220232024Change
Profit (loss) for the period9904€1,334-€9,469-€14,671-€3,966€32,757▲ 926%
+ Depreciation and write-downs630€513€129----
Operating cash flow (approximation)€1,847-€9,340-€14,671-€3,966€32,757▲ 926%
Change in cash--€6,412-€3,045€5,913-€3,181▼ 154%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
07-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial Back to profitnet €32,757
Net result €32,757 after 3 loss-making years.
16-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
14-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
31-12
Financial Weakest financial yearnet -€14,671
Net result drops to -€14,671, 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
25-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 268 days late
2021
26-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 179 days late
2019
23-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
06-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 98 days late
2017
26-07
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.
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.

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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, Herentals · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1,267 m²
Building footprint
220 m²
Volume, LiDAR
1,183 m³
Parcel 13027C0243/00A000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PDH Construct
Zandkapelweg(NDW) 80, 2200 HerentalsJoinery installation
since 20152.243.547.048
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13027C0243/00A000 Flanders 1,266 m² 1 · 220 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,481 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 (pre-2019)
Founded20-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
25530Machining of metals
43410Roofing work
81300Landscape service activities
E-invoicing
Not found in the Peppol register

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.