Equity
€235,193 ▲ 16.9%
POP CONSTRUCT has made a profit without a break since 2023.
POP CONSTRUCT
Overview
Lifetime
6 annual accounts with figures on one time axispeak €235,794 (2020)
€50,817▲ 2.5%
lowest -€1,698 (2022)
€33,941▼ 11.5%
peak €235,193 (2025)
€235,193▲ 16.9%
€47,694▲ 41.2%
peak 0.4 FTE (2020)
-not published
Board1 name since 2019
1 director
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Equity from €201,252 to €235,193Debts from €33,779 to €47,694Investments €12,992Cash from €30,863 to €10,544
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Investments
€12,992 1.9 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 6 late
The 2020 accounts came latest: 130 days after the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
83.1%
Higher solvency than 87% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as POP CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,969 companies, not a prediction for POP 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.
Credit verdict
Credit check for an amount and term of your choice
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.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0734532894
Registered office moved within Liège
New registered office: Rue Visé-Voie 1, 4000 Liège · Previous registered office: Rue Gaillard - Cheval 143/boite1, 4000 Liège · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: (comparant,fondateur) · Appointment: (director) · published on 19-09-2019 · Gazette deed
First establishment
Visé Voie 1, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| POP CONSTRUCT Liège | €282,887 | €50,817 | 83.1% | - |
| GT Kitwerken Ravels | €262,053 | €41,480 | 18.8% | - |
| Bouw- en renovatiewerken Kurt Van Opstal Hoogstraten | €248,464 | €41,215 | 51.9% | - |
| Bouwbedrijf Cuylaerts Lille | €296,835 | €52,870 | 45.7% | - |
| GMER Kraainem | €220,459 | €57,496 | 15.8% | - |
| GHAco Lendelede | €361,892 | €51,821 | 59.3% | - |
| RuMik Pelt | €257,578 | €63,832 | 39.6% | - |
These companies have the same main activity as POP CONSTRUCT: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €220,000 and €362,000, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 17-09-2019Normal situation
- Activity
- Bricklaying and masonry workNACE 43910and 5 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.294.210.9404000 Liège, since 17-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Annual accounts 2025
- €50,817▲ 2.5%
- €33,941▼ 11.5%
- €235,193▲ 16.9%
- €282,887▲ 20.4%
- Filing
- Filed on 06-08-2026
Insights on POP CONSTRUCT
POP CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €235,794 in 2020 to €50,817 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 06-08-2026, 6 days late€50,817
▲ 2.5%
€43,430
▲ 2.2%
€33,941
▼ 11.5%
€225,455
▲ 16.5%
83.1%
▼ 2.5 percentage points
6.46
▼ 0.70
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 ≈ €260,000. Estimated: probably between €200,000 and €450,000.
Balance sheet
balance sheet total €282,887 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
83.1%
Higher than 88% of 37,177 companies in 2025.
6.46
Higher than 89% of 36,472 companies in 2025.
12.0%
Higher than 63% of 36,707 companies in 2025.
POP CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
282,887 | 235,030 | 199,430 | 249,273 | 288,296 | 297,910 | |
21/28 |
16,143 | 10,121 | 14,360 | 29,088 | 24,648 | 1,496 | |
22/27 |
15,543 | 9,521 | 13,760 | 28,488 | 24,048 | 1,496 | |
24 |
15,543 | 9,521 | 13,760 | 28,488 | 24,048 | 1,496 | |
28 |
600 | 600 | 600 | 600 | 600 | - | |
29/58 |
266,744 | 224,910 | 185,070 | 220,184 | 263,647 | 296,414 | |
29 |
119,528 | 116,536 | 113,618 | 110,773 | - | - | |
291 |
119,528 | 116,536 | 113,618 | 110,773 | - | - | |
40/41 |
121,536 | 77,375 | 61,049 | 91,568 | 251,774 | 289,016 | |
40 |
45,528 | 45,528 | 46,649 | 66,370 | 106,085 | 178,489 | |
41 |
76,008 | 31,847 | 14,400 | 25,198 | 145,689 | 110,526 | |
54/58 |
10,544 | 30,863 | 7,800 | 15,678 | 2,545 | 818 | |
490/1 |
15,136 | 136 | 2,603 | 2,166 | 9,329 | 6,580 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
282,887 | 235,030 | 199,430 | 249,273 | 288,296 | 297,910 | |
10/15 |
235,193 | 201,252 | 162,896 | 161,973 | 163,671 | 158,617 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
230,193 | 196,252 | 157,896 | 156,973 | 158,671 | 153,617 | |
17/49 |
47,694 | 33,779 | 36,534 | 87,300 | 124,625 | 139,293 | |
17 |
6,405 | 2,103 | 8,296 | 10,308 | 18,409 | - | |
170/4 |
6,405 | 2,103 | 8,296 | 10,308 | 18,409 | - | |
42/48 |
41,288 | 31,408 | 28,238 | 76,992 | 98,552 | 134,223 | |
42 |
21,087 | 6,193 | 12,228 | 36,301 | 7,975 | - | |
44 |
949 | 2,386 | 2,690 | 8,635 | 31,767 | 74,266 | |
440/4 |
949 | 2,386 | 2,690 | 8,635 | 31,767 | 74,266 | |
45 |
18,253 | 21,829 | 12,321 | 31,056 | 58,810 | 53,956 | |
450/3 |
18,253 | 21,829 | 12,321 | 31,056 | 57,281 | 53,757 | |
454/9 |
- | - | 0 | 0 | 1,529 | 199 | |
47/48 |
1,000 | 1,000 | 1,000 | 1,000 | 0 | 6,000 | |
492/3 |
0 | 268 | 0 | 0 | 7,663 | 5,070 | |
| Income statement | |||||||
9900 |
50,817 | 49,564 | 20,150 | 35,621 | 48,873 | 235,794 | |
62 |
- | 9 | 297 | 25,044 | 21,965 | 23,760 | |
630 |
6,969 | 5,657 | 14,729 | 13,072 | 9,448 | 181 | |
640/8 |
418 | 1,420 | 1,602 | 191 | 673 | 364 | |
9901 |
43,430 | 42,478 | 3,523 | -2,686 | 16,787 | 211,490 | |
75/76B |
924 | 10,640 | 2,845 | 9,810 | 0 | 0 | |
75 |
924 | 2,918 | 2,845 | 9,810 | 0 | 0 | |
76B |
- | 7,722 | - | - | - | - | |
65/66B |
1,380 | 1,100 | 3,173 | 4,150 | 9,382 | 276 | |
65 |
1,380 | 1,100 | 3,173 | 4,150 | 9,382 | 276 | |
9903 |
42,974 | 52,018 | 3,195 | 2,974 | 7,404 | 211,213 | |
67/77 |
9,033 | 13,662 | 2,273 | 4,672 | 2,350 | 51,596 | |
9904 |
33,941 | 38,356 | 922 | -1,698 | 5,054 | 159,617 | |
9905 |
33,941 | 38,356 | 922 | -1,698 | 5,054 | 159,617 | |
| Appropriation of the result | |||||||
9906 |
230,193 | 196,252 | 157,896 | 156,973 | 158,671 | 159,617 | |
14P |
196,252 | 157,896 | 156,973 | 158,671 | 153,617 | - | |
694/7 |
- | - | - | - | - | 6,000 | |
695 |
- | - | - | - | - | 6,000 | |
| Social balance sheet | |||||||
9087 |
- | - | - | 1 | 0.4 | 0.4 | |
Hours worked1013 |
- | - | - | 1,080 | 692 | 792 | |
| Document | |||||||
The notes to these accounts have 8 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 06-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384998.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00384998 | |
| 31-12-2024 | micro format | 05-09-2025 | 2025-00481851 | |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00334784 | |
| 31-12-2022 | micro format | 12-09-2023 | 2023-00446648 | |
| 31-12-2021 | micro format | 11-10-2022 | 2022-20457650 | |
| 31-12-2020 | micro format | 08-12-2021 | 2021-79700032 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 50,399 | 48,135 | 18,252 | 10,386 | 26,234 | 211,670 | ||
| 40,910 | 44,013 | 15,651 | 11,374 | 14,502 | 159,798 | ||
| 12,992 | 3,195 | 0 | 17,512 | 32,600 | 1,677 | ||
| -20,319 | 23,063 | -7,878 | 13,133 | 1,726 | - | ||
| 225,455 | 193,502 | 156,832 | 143,193 | 165,096 | 162,191 | ||
| 83.1% | 85.6% | 81.7% | 65.0% | 56.8% | 53.2% | ||
| 6.46 | 7.16 | 6.55 | 2.86 | 2.68 | 2.21 | ||
| 0.20 | 0.17 | 0.22 | 0.54 | 0.76 | 0.88 | ||
| 14.4% | 19.1% | 0.6% | -1.0% | 3.1% | 100.6% | ||
| 12.0% | 16.3% | 0.5% | -0.7% | 1.8% | 53.6% | ||
| 36.52 | 43.78 | 5.75 | 2.50 | 2.80 | - |
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.
Social balance sheet
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| 1 | 0.4 | |
| On a permanent contract | 1 | 1 |
| Joined | 0 | - |
| Left | 1 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,992 | €3,195 | - | €17,512 | €32,000 |
| Financial fixed assets | - | - | - | - | €600 |
| €6,969 | €5,657 | €14,729 | €13,072 | €9,448 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on POP CONSTRUCT
The operating result for 2025 is 2% higher than in 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 14.4% to 16.9%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 17-09-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 06-08-2026
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 17-09-2019 to date
Control
Founder
This company
POP CONSTRUCT
Equity €235,193
Profit €33,941 in 2025
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €2,352 in 2025
- Source
- deed of 19-09-2019
Articles of association
deed of 19-09-2019 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of May at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 19-09-2019 ↗
- 100 shares (100%) · €5,000 in cash
Network & group
No group
POP CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. POP CONSTRUCT shares no director with another company.
At the same address
Visé-Voie 1, 4000 Liège · 3 other companies| MARIUTA
registered office since 09-02-2022 · founded in 2022 |
total assets €207,818 (2025) 0781.775.260 |
| Blaga, Constantin (sole trader)
establishment since 21-04-2026 |
founded in 2026 1037.157.850 |
| Joannës, Olivier (sole trader)
establishment since 20-01-2009 |
founded in 2009 0809.547.053 |
Timeline
Timeline
14 events since 2019Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 6 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0734532894
Annual accounts 2024 filed PDFmicro format · 36 days late
2024
Equity above €200,000 equity €201,252 ▲23.5% After 2 profitable years in a row, equity reaches €201,252.
Annual accounts 2023 filed PDFmicro format · 7 days late
2023
Back to profit net €922 The net result is €922, after one loss-making year.
Liquidity more than doubled current ratio 6.55 The current ratio rises from 2.86 to 6.55. Short-term debt falls from €76,992 to €28,238.
Annual accounts 2022 filed PDFmicro format · 43 days late
2022
Weakest financial year net -€1,698 The net result drops to -€1,698, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 72 days late
Registered office moved within LiègeNew registered office: Rue Visé-Voie 1, 4000 Liège · Previous registered office: Rue Gaillard - Cheval 143/boite1, 4000 Liège1 point ▸
- Registered-office move, Rue Visé-Voie 1, 4000 Liège
2021
Annual accounts 2020 filed PDFmicro format · 130 days late
2019
IncorporationFounding capital of €5,000, 100 shares · Founder: (comparant,fondateur) · Appointment: (director) · published on 19-09-20195 points ▸
- Registered office clause, Rue Gaillard-Cheval 143/0001, 4000 Liège
- Board rule, 1
- Director appointment, (director (not named in the articles))
- Founder, (comparant,fondateur)
- Founding capital, €5,000, 100 shares
- The deed holds 7 more points.
First establishment Visé Voie 1, Liège
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
POP CONSTRUCT was incorporated on 17 September 2019 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Liège in 2022.3 Since 2019, has served as director.4 Total assets went from €297,910 in 2020 to €282,887 in 2025 and headcount from 0.4 full-time equivalents in 2020 to 1 in 2022.5
Company details
Identity
- Enterprise number
- 0734.532.894
- VAT number
- BE 0734.532.894
- Peppol ID
- 0208:0734532894
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-09-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of May at 18:00deed of 19-09-2019 (in French)
- Peppol
- Reachable since 09-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- POP CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-09-2019 (in French)
Activities
NACEBEL 202543910
Bricklaying and masonry work main activity
Joint committees annual accounts 2022
JC 124
Construction
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
43994
Specialised construction activities main activity
70210
Activities of head offices; management consultancy activities
71113
Architectural and engineering activities; technical testing and analysis
77291
Rental and leasing activities
81210
General cleaning of buildings
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La réalisation de tous travaux de construction,publics ou privés,en qualité d’entrepreneur général ou en sous-traitance,la conception et la…”deed of 19-09-2019 (in French)
3 activities
- La réalisation de tous travaux de construction,publics ou privés,en qualité d’entrepreneur général ou en sous-traitance,la conception et la construction de tous bâtiments et édifices,la réalisation de décorations tant intérieures qu’extérieures
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous le types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs de travaux publics ou privés et du bâtiment
- L’achat,la vente,la location,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et bâtiments
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Visé Voie 1 registered office 4000 Liège 47781 Retail sale of solid, liquid and gaseous fuels, excluding motor fuels | 17-09-2019 | 2.294.210.940 |
Buildings and parcels at the address
- Ground area
- 485 m²
- Buildings
- 186 m²
- Volume, LiDAR
- 1,735 m³
- Tallest building
- 10.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62087A0164/00D002 | 485 m² | 1 · 186 m² | 10.2 m · 3 |
Invoicing and payment
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 0734.532.894