Turnover
The micro format states no turnover.
The micro format states no turnover.
The 2023 accounts came latest: 82 days after the end of the period.
Less equity than 88% of companies in specialised construction. Sector median €57,715 · 35,131 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 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 43, micro). It does better than 17% of them on solvency, 4% on liquidity, 17% on profitability and 45% 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 31-12-2025.
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, 2,542 companies had the same profile as PH CONSTRUCT has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PH CONSTRUCT itself is higher: 8.9% within 12 months. It rests on far more data about PH 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 2,542 companies, not a prediction for PH 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 tight, with a current ratio of 1.13 (1.14 in 2024), below the usual 1.5. Short-term debt is 85.3% and cash 1.5% of total assets. 85.3% 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 3 accounts on average 46 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PH CONSTRUCT Sint-Pieters-Leeuw | €27,349 | €6,171 | 14.7% | - |
| Ets MONTES Ham-sur-Heure-Nalinnes | €29,006 | €6,533 | 74.0% | - |
| ROYAL CONSTRUCT GP Sint-Pieters-Leeuw | €26,581 | €10,014 | 57.8% | - |
| STI GRUP Beersel | €30,751 | €5,635 | 77.3% | - |
| ICLIM Vilvoorde | €24,718 | €9,374 | 85.9% | - |
| G.V Ecotechnics Tienen | €26,412 | €3,892 | -332.4% | - |
| Q-ZEN CONSTRUCT Verlaine | €23,260 | €5,549 | 56.5% | - |
These companies have the same main activity as PH CONSTRUCT: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €23,300 and €30,800, founded between 2021 and 2023.
PH CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €18,403 in 2023 to €6,171 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €81,000. Estimated: probably between €50,000 and €120,000.
Higher than 17% of 35,119 companies in 2025.
Higher than 27% of 34,493 companies in 2025.
Higher than 26% of 34,694 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
27,349 | 25,309 | 7,337 | |
21/28 |
889 | 801 | 1,243 | |
22/27 |
889 | 801 | 1,243 | |
23 |
183 | 379 | 575 | |
24 |
705 | 421 | 668 | |
29/58 |
26,460 | 24,508 | 6,094 | |
40/41 |
24,269 | 16,351 | 3,630 | |
40 |
6,109 | 9,623 | 3,161 | |
41 |
18,160 | 6,727 | 469 | |
54/58 |
414 | 5,345 | 2,463 | |
490/1 |
1,776 | 2,813 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
27,349 | 25,309 | 7,337 | |
10/15 |
4,020 | 3,861 | -695 | |
10/11 |
3,100 | 3,100 | 3,100 | |
13 |
920 | 761 | - | |
133 |
920 | 761 | - | |
14 |
- | - | -3,795 | |
17/49 |
23,329 | 21,448 | 8,032 | |
42/48 |
23,329 | 21,448 | 8,032 | |
44 |
12,524 | 6,085 | 2,429 | |
440/4 |
12,524 | 6,085 | 2,429 | |
45 |
10,805 | 3,235 | 1,336 | |
450/3 |
10,805 | 3,235 | 1,336 | |
47/48 |
- | 12,128 | 4,268 | |
| Income statement | ||||
9900 |
6,171 | 7,879 | 18,403 | |
62 |
- | - | 20,923 | |
630 |
600 | 442 | 84 | |
640/8 |
1,229 | 1,419 | 943 | |
9901 |
4,341 | 6,018 | -3,546 | |
75/76B |
0 | - | 220 | |
75 |
0 | - | 220 | |
65/66B |
3,260 | 1,032 | 469 | |
65 |
3,260 | 1,032 | 469 | |
9903 |
1,081 | 4,986 | -3,795 | |
67/77 |
923 | 429 | - | |
9904 |
158 | 4,557 | -3,795 | |
9905 |
158 | 4,557 | -3,795 | |
| Appropriation of the result | ||||
9906 |
158 | 761 | -3,795 | |
14P |
- | -3,795 | - | |
691/2 |
158 | 761 | - | |
6921 |
158 | 761 | - | |
| Document | ||||
The notes to these accounts have 5 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 2025 at the NBB, filed on 25-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 4,942 | 6,460 | -3,462 | ||
| 758 | 4,999 | -3,711 | ||
| 688 | 0 | 1,327 | ||
| -4,931 | 2,882 | - | ||
| 3,131 | 3,061 | -1,939 | ||
| 14.7% | 15.3% | -9.5% | ||
| 1.13 | 1.14 | 0.76 | ||
| 5.80 | 5.55 | - | ||
| 3.9% | 118.0% | - | ||
| 0.6% | 18.0% | -51.7% | ||
| 1.52 | 6.26 | -7.38 |
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €688 | - | €1,327 |
| €600 | €442 | €84 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 28% lower than in 2024.
Debt's share of the balance-sheet total rises from 84.7% to 85.3%. Equity and debt are higher.
1 other company of this director went bankrupt (2025).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
PH CONSTRUCT has no parent and no holdings in its annual accounts. ALECCI Benito is the only director.
| BROTHER TRADERS
registered office since 24-11-2021 · founded in 2021 |
turnover €14.9m (2025) 0777.666.618 |
| CCS Europe NV/SA
registered office since 27-08-2004 · founded in 2004 |
8.7 FTE (2025) 0866.940.270 |
| OMBRO
establishment since 02-10-2026 · founded in 2018 |
16 FTE (2025) 0690.581.602 |
| STEFANO IMMOBILIER
registered office since 03-12-2015 · founded in 2015 |
total assets €1.2m (2025) 0643.826.513 |
| SEERAT
registered office since 26-02-2021 · founded in 2021 |
turnover €1.0m (2025) 0764.399.590 |
| BELGIUM INVEST & CONSULTING
registered office since 03-02-2020 · founded in 2019 · accounts filed late |
total assets €930,792 (2025) 0735.583.662 |
| COSTA ISOLATION
registered office since 21-12-2018 · founded in 2018 |
total assets €829,130 (2025) 0716.760.615 |
| MCV CONSTRUCT
registered office since 05-05-2023 · founded in 2023 |
total assets €728,331 (2025) 0801.485.660 |
| TOMALEX
registered office since 04-01-2019 · founded in 2019 |
turnover €700,022 (2025) 0717.654.005 |
| SCC BOUW
establishment since 29-12-2022 · founded in 2022 |
total assets €681,379 (2025) 0795.524.615 |
| PURIFAIR via DESSAINTES Bertrand Florent, at PH CONSTRUCT until 2025 · Director · deed of 23-01-2024 founded in 2023 · negative equity (2025) |
total assets €144 (2025) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
PH CONSTRUCT was incorporated on 16 June 2022 as a private limited company by three natural persons, with a starting capital of €3,000.12 Since 2025 the company has been called PH Construct.3 The registered office was moved to Sint-Pieters-Leeuw in 2025.4 ALECCI Benito is director of the company, appointed by deed of 20-06-2022.2 Total assets rose from €7,337 in 2023 to €27,349 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Bergensesteenweg 421 registered office 1600 Sint-Pieters-Leeuw | ||
| PROHOME CSV Rue Fechaire 11, 5340 Gesves | 16-06-2022 | 2.333.886.514 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | 9.5 m · 3 |
| 92054E0007/00V000 | Wallonia | 2,567 m² | 1 · 94 m² | 7.4 m · 2 |
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 0787.342.961
If something looks wrong or is missing, please tell us.