POSIM
ActiveThe file of POSIM contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 5.6% (elevated). The 2025 annual accounts show equity of €40,100 and a net result of €5,915. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 7598 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-4
Solvency88▲+12
Growth52=
Track record69
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.22 against 1.42 in 2024; short-term debt: 37.4% and cash: 13.2% of total assets), and 37.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-09-2025, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
45 d early
2024
6 d late
2023
35 d early
2022
23 d early
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 8 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,100▲ 17.3%
2024 · €34,185
Total assets
€64,051▼ 4.7%
2024 · €67,194
Net result
€5,915▼ 29.0%
2024 · €8,335
Working capital
€29,144▲ 149%
2024 · €11,716
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,440-€21,277▼ 32.3%€20,957▼ 1.5%€13,402▼ 36.1%€10,527▼ 21.4%
Net result€24,100within the sector's middle half-€16,001within the sector's middle half▼ 33.6%€15,248within the sector's middle half▼ 4.7%€8,335within the sector's middle half▼ 45.3%€5,915within the sector's middle half▼ 29.0%
Equity€29,100within the sector's middle half-€45,102within the sector's middle half▲ 55.0%€60,350within the sector's middle half▲ 33.8%€34,185within the sector's middle half▼ 43.4%€40,100within the sector's middle half▲ 17.3%
Total assets€76,932within the sector's middle half-€92,917within the sector's middle half▲ 20.8%€123,859within the sector's middle half▲ 33.3%€67,194within the sector's middle half▼ 45.7%€64,051within the sector's middle half▼ 4.7%
Debt€47,832-€47,815=€63,509▲ 32.8%€33,009▼ 48.0%€23,952▼ 27.4%
Working capital€15,631within the sector's middle half-€21,854within the sector's middle half▲ 39.8%€26,835within the sector's middle half▲ 22.8%€11,716within the sector's middle half▼ 56.3%€29,144within the sector's middle half▲ 149%
Solvency37.8%within the sector's middle half-48.5%within the sector's middle half▲ 10.7pp48.7%within the sector's middle half▲ 0.2pp50.9%within the sector's middle half▲ 2.1pp62.6%within the sector's middle half▲ 11.7pp
Current ratio2.01within the sector's middle half-1.60within the sector's middle half▼ 0.421.46within the sector's middle half▼ 0.141.42within the sector's middle half▼ 0.042.22within the sector's middle half▲ 0.80
Return on assets (ROA)31.3%above the sector's middle half-17.2%within the sector's middle half▼ 14.1pp12.3%within the sector's middle half▼ 4.9pp12.4%within the sector's middle half▲ 0.1pp9.2%within the sector's middle half▼ 3.2pp
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 has fallen four years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,051
Fixed assets
€10,956 ▼ 60.4%
Current assets
€53,095 ▲ 34.2%
Equity and liabilities €64,051
Equity
€40,100 ▲ 17.3%
Debt
€23,952 ▼ 27.4%
Debt's share of the balance-sheet total falls from 49.1% to 37.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,313▼
2024 · €31,448
Cash flow
€19,701▼
2024 · €26,381
Debt to equity
0.60▼
2024 · 0.97
ROE
14.8%▼
2024 · 24.4%
Interest coverage
118.28▲
2024 · 35.28
Debt ≤ 1 year
€23,952▼
2024 · €27,836
Income taxes
€4,407▲
2024 · €4,206
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 26,975 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 | €2,137 | €13,122 | €12,986 | €18,046 | €13,786 | ▼ 23.6% |
| Other operating charges640/8 | - | €535 | - | €3,653 | €2,614 | ▼ 28.5% |
| Gross operating margin9900 | €34,954 | €34,935 | €33,943 | €35,101 | €26,927 | ▼ 23.3% |
| Operating profit (loss)9901 | €31,440 | €21,277 | €20,957 | €13,402 | €10,527 | ▼ 21.4% |
| Financial income75/76B | - | €51 | €59 | €30 | €0 | ▼ 98.7% |
| Recurring financial income75 | - | €51 | €59 | €30 | €0 | ▼ 98.7% |
| Financial charges65/66B | - | €1,119 | €955 | €891 | €206 | ▼ 76.9% |
| Recurring financial charges65 | €1,084 | €1,119 | €955 | €891 | €206 | ▼ 76.9% |
| Profit (loss) for the period before taxes9903 | €30,356 | €20,209 | €20,061 | €12,541 | €10,322 | ▼ 17.7% |
| Income taxes67/77 | €6,256 | €4,208 | €4,813 | €4,206 | €4,407 | ▲ 4.8% |
| Profit (loss) for the period9904 | €24,100 | €16,001 | €15,248 | €8,335 | €5,915 | ▼ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €24,100 | €16,001 | €15,248 | €8,335 | €5,915 | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,932 | €92,917 | €123,859 | €67,194 | €64,051 | ▼ 4.7% |
| Fixed assets21/28 | €45,870 | €34,437 | €38,688 | €27,642 | €10,956 | ▼ 60.4% |
| Tangible fixed assets22/27 | €45,870 | €34,437 | €38,688 | €27,642 | €10,956 | ▼ 60.4% |
| Plant, machinery and equipment23 | - | €6,488 | €5,601 | €2,445 | €989 | ▼ 59.5% |
| Furniture and vehicles24 | - | €9,656 | €19,367 | €16,050 | €9,967 | ▼ 37.9% |
| Leasing and similar rights25 | - | €18,293 | €13,720 | €9,147 | - | - |
| Current assets29/58 | €31,062 | €58,480 | €85,171 | €39,552 | €53,095 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €17,095 | €51,887 | €68,960 | €25,408 | €44,479 | ▲ 75.1% |
| Trade receivables40 | - | €36,560 | €39,755 | €19,431 | €33,851 | ▲ 74.2% |
| Other amounts receivable41 | - | €15,328 | €29,205 | €5,977 | €10,628 | ▲ 77.8% |
| Cash at bank and in hand54/58 | €13,967 | €6,225 | €14,300 | €14,017 | €8,482 | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | €368 | €1,911 | €127 | €135 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,932 | €92,917 | €123,859 | €67,194 | €64,051 | ▼ 4.7% |
| Equity10/15 | €29,100 | €45,102 | €60,350 | €34,185 | €40,100 | ▲ 17.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | - | - | - | - |
| Other1109/19 | - | €5,000 | - | - | - | - |
| Profit (loss) carried forward14 | €24,100 | €40,102 | €55,350 | €29,185 | €35,100 | ▲ 20.3% |
| Amounts payable17/49 | €47,832 | €47,815 | €63,509 | €33,009 | €23,952 | ▼ 27.4% |
| Amounts payable after more than one year17 | €32,401 | €11,189 | €5,174 | €5,174 | - | - |
| Financial debts170/4 | - | €11,189 | €5,174 | €5,174 | - | - |
| Amounts payable within one year42/48 | €15,431 | €36,627 | €58,336 | €27,836 | €23,952 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €2,927 | €6,015 | €3,920 | - | - |
| Trade debts44 | €1,575 | €12,549 | €39,283 | €1,210 | €6,854 | ▲ 466% |
| Suppliers440/4 | - | €12,549 | €39,283 | €1,210 | €6,854 | ▲ 466% |
| Taxes, remuneration and social security45 | - | €18,864 | €9,021 | €8,706 | €13,094 | ▲ 50.4% |
| Taxes450/3 | - | €10,464 | €9,021 | €8,706 | €8,344 | ▼ 4.2% |
| Remuneration and social security454/9 | - | €8,400 | - | - | €4,750 | - |
| Other amounts payable47/48 | - | €2,287 | €4,016 | €14,000 | €4,003 | ▼ 71.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,100 | €16,001 | €15,248 | €8,335 | €5,915 | ▼ 29.0% |
| + Depreciation and write-downs630 | €2,137 | €13,122 | €12,986 | €18,046 | €13,786 | ▼ 23.6% |
| Operating cash flow (approximation) | €26,237 | €29,123 | €28,234 | €26,381 | €19,701 | ▼ 25.3% |
| Investment in fixed assets (approximation) | - | -€1,690 | -€17,237 | -€7,000 | €2,900 | ▲ 141% |
| Change in cash | - | -€7,742 | €8,074 | -€283 | -€5,536 | ▼ 1,859% |
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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €5,915 ▼29%
Net result drops to €5,915, the lowest in the series.
2024
25-11
KBO administration
Address strikeout annulled
08-11
KBO administration
Address struck
event 26-09-2024
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
05-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 25-10-2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 01-10-2024
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Halle · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Devilléstraat (Isidore) 591500 Halle1 establishment unit
POSIM
since 20192.293.756.525
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-LOUIS DE CHAFFOY JL SCHALIESTRAAT 18 BIS,
1602 VLEZENBEEK |
01-10-2024 → 25-10-2024 |
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,871 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
Founded05-09-2019
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733742741
Also
9925:BE0733742741
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.