Public limited company · founded 1973 · 52 yrs activeSart d'Avette 110, 4400 Flémalle, BelgiumKBO/BCE: BE 0413.746.570
Summary
PREFER CONSTRUCT has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €353,754. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability69▲+26
Solvency47▲+4
Growth84▲+16
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.85 in 2024; short-term debt: 65.7% and cash: 2.1% of total assets), and 78.1% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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 22 May (4 of the last 5 filed years within 30 days of that day).
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
PREFER CONSTRUCT was incorporated on 1 November 1973.1Revenue grew from EUR 3.4 million in 2018 to EUR 11 million in 2025 and headcount from 5.3 to 18.7 full-time equivalents.2
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, 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
Net result€301,692within the sector's middle half-€295,078below the sector's middle half-€180,577below the sector's middle half▲ 38.8%-€586,263below the sector's middle half▼ 225%€353,754within the sector's middle half
Equity€4.6mwithin the sector's middle half▲ 11.3%€4.4mwithin the sector's middle half▼ 4.0%€2.7mwithin the sector's middle half▼ 39.1%€2.0mwithin the sector's middle half▼ 23.3%€2.7mwithin the sector's middle half▲ 31.9%
Total assets€10.7mwithin the sector's middle half▼ 2.0%€10.6mwithin the sector's middle half▼ 1.6%€11.0mwithin the sector's middle half▲ 3.7%€11.7mwithin the sector's middle half▲ 6.6%€12.3mwithin the sector's middle half▲ 5.6%
Working capital€2.4mwithin the sector's middle half▲ 46.1%€2.1mwithin the sector's middle half▼ 13.1%€293,027within the sector's middle half▼ 86.1%-€1.1mbelow the sector's middle half-€697,672below the sector's middle half▲ 38.1%
Solvency42.5%within the sector's middle half▲ 5.1pp41.5%within the sector's middle half▼ 1.0pp24.4%below the sector's middle half▼ 17.2pp17.5%below the sector's middle half▼ 6.8pp21.9%below the sector's middle half▲ 4.4pp
Current ratio1.88within the sector's middle half▲ 0.321.65within the sector's middle half▼ 0.241.05within the sector's middle half▼ 0.600.85below the sector's middle half▼ 0.200.91below the sector's middle half▲ 0.06
Return on assets (ROA)2.8%within the sector's middle half▲ 7.0pp-2.8%below the sector's middle half▼ 5.6pp-1.6%below the sector's middle half▲ 1.1pp-5.0%below the sector's middle half▼ 3.4pp2.9%within the sector's middle half▲ 7.9pp
Staff (FTE)15.9within the sector's middle half▲ 12.8%20.5within the sector's middle half▲ 28.9%19.4within the sector's middle half▼ 5.4%16.6within the sector's middle half▼ 14.4%18.7within the sector's middle half▲ 12.7%
abovewithinbelowthe middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €487,077 after a loss of €349,271 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.3m
40.0%
60.0%
Fixed assets€4.9m ▼ 3.1%
Current assets€7.4m ▲ 12.3%
Equity and liabilities €12.3m
21.9%
78.0%
Equity€2.7m ▲ 31.9%
Provisions€15,591 =
Debt€9.6m =
Debt's share of the balance-sheet total falls from 82.3% to 78.0%. Equity is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.4m▲
2024 · €731,689
Cash flow
€1.3m▲
2024 · €494,697
Quick ratio
0.49▼
2024 · 0.50
Debt to equity
3.57▼
2024 · 4.70
ROE
13.1%▲
2024 · -28.6%
Interest coverage
5.41▲
2024 · 3.38
Debt ≤ 1 year
€8.1m▲
2024 · €7.7m
Debt > 1 year
€1.5m▼
2024 · €1.9m
Income taxes
-€54,537▼
2024 · €55,112
Staff costs
€1.3m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
Small
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet
0.9%went bankrupt
1.9%stopped otherwise
97%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 0.3% 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 4,678 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 accountsAs filed with the NBB · 2025 against 2024 · 90 lines
Balance sheetCode20242025
Assets
Total assets20/58€11.7m€12.3m▲
Formation expenses20€0€0=
Fixed assets21/28€5.1m€4.9m▼
Intangible fixed assets21€21,121€78,847▲
Tangible fixed assets22/27€5.1m€4.8m▼
Land and buildings22€90,159€109,393▲
Plant, machinery and equipment23€4.3m€4.7m▲
Furniture and vehicles24€588€546▼
Leasing and similar rights25€0€0=
Assets under construction and advance payments27€667,146€3,892▼
Financial fixed assets28€4,517€4,517=
Other financial fixed assets284/8€4,517€4,517=
Amounts receivable and cash guarantees285/8€4,517€4,517=
Current assets29/58€6.6m€7.4m▲
Stocks and contracts in progress3€2.8m€3.5m▲
Stocks30/36€2.8m€3.5m▲
Raw materials and consumables30/31€1.2m€1.3m▲
Finished goods33€1.5m€2.1m▲
Amounts receivable within one year40/41€3.8m€3.7m▼
Trade receivables40€3.7m€3.6m▼
Other amounts receivable41€114,557€111,939▼
Current investments50/53€0€0=
Other investments51/53€0€0=
Cash at bank and in hand54/58€940€257,725▲
Deferred charges and accrued income490/1€6,662€5,720▼
Equity and liabilities
Total equity and liabilities10/49€11.7m€12.3m▲
Equity10/15€2.0m€2.7m▲
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€1.5m€1.5m=
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Tax-exempt reserves132€147,350-
Distributable reserves133€1.3m€1.5m▲
Profit (loss) carried forward14€139,853€493,606▲
Investment grants15€329,402€627,898▲
Provisions and deferred taxes16€15,591€15,591=
Provisions for liabilities and charges160/5€15,591€15,591=
Other liabilities and charges164/5€15,591€15,591=
Amounts payable17/49€9.6m€9.6m=
Amounts payable after more than one year17€1.9m€1.5m▼
Financial debts170/4€1.9m€1.5m▼
Credit institutions173€1.9m€1.5m▼
Amounts payable within one year42/48€7.7m€8.1m▲
Current portion of amounts payable after more than one year42€500,000€531,787▲
Financial debts43€4.7m€4.7m▼
Other loans439€4.7m€4.7m▼
Trade debts44€1.7m€1.8m▲
Suppliers440/4€1.7m€1.8m▲
Advances received on contracts in progress46€34,339-
Taxes, remuneration and social security45€139,695€213,032▲
Taxes450/3€28,468€32,348▲
Remuneration and social security454/9€111,228€180,684▲
Other amounts payable47/48€630,677€943,656▲
Accrued charges and deferred income492/3€22,520€23,829▲
Income statementCode20242025
Operating income70/76A€11.8m€13.3m▲
Turnover70€10.7m€11.3m▲
Change in stocks of work in progress, finished goods and contracts in progress71€179,206€747,031▲
Other operating income74€842,762€1.0m▲
Non-recurring operating income76A€27,335€232,743▲
Operating charges60/66A€12.1m€12.8m▲
Goods for resale, raw materials and consumables60€5.4m€5.6m▲
Purchases600/8€5.3m€5.5m▲
Change in stocks: decrease (increase)609€48,318€30,942▼
Services and other goods61€4.5m€5.0m▲
Remuneration, social security and pensions62€1.1m€1.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€949,911▼
Other operating charges640/8€38,319€37,472▼
Non-recurring operating charges66A€25,668€536▼
Operating profit (loss)9901-€349,271€487,077▲
Financial income75/76B€38,376€80,729▲
Recurring financial income75€38,376€80,729▲
Other financial income752/9€38,376€80,729▲
Financial charges65/66B€220,255€268,589▲
Recurring financial charges65€220,255€268,589▲
Debt charges650€216,594€265,741▲
Other financial charges652/9€3,661€2,848▼
Profit (loss) for the period before taxes9903-€531,150€299,217▲
Income taxes67/77€55,112-€54,537▼
Taxes670/3€55,112€231▼
Tax adjustments and reversals of tax provisions77-€54,768
Profit (loss) for the period9904-€586,263€353,754▲
Transfer from tax-exempt reserves789-€147,350
Profit (loss) for the period to be appropriated9905-€586,263€501,104▲
Appropriation of the result
Profit (loss) to be appropriated9906€139,853€640,956▲
Profit (loss) brought forward from the previous period14P€726,115€139,853▼
Transfer to equity691/2-€147,350
To other reserves6921-€147,350
Social balance
Average headcount (FTE)908716.618.7▲
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€11.2m
€12.4m
€12.4m
€11.8m
€13.3m
▲ 13.2%
Turnover70
€10.4m
€12.0m
€12.2m
€10.7m
€11.3m
▲ 5.4%
Change in stocks of work in progress, finished goods and contracts in progress71
€390,583
€241,318
€81,482
€179,206
€747,031
▲ 317%
Own construction capitalised72
-
€0
-
-
-
-
Other operating income74
€148,115
€105,877
€91,550
€842,762
€1.0m
▲ 23.9%
Non-recurring operating income76A
€174,569
€64,233
€39,893
€27,335
€232,743
▲ 751%
Operating charges60/66A
€10.8m
€12.7m
€12.5m
€12.1m
€12.8m
▲ 5.9%
Goods for resale, raw materials and consumables60
€5.1m
€6.2m
€6.0m
€5.4m
€5.6m
▲ 3.9%
Purchases600/8
€5.2m
€6.2m
€6.0m
€5.3m
€5.5m
▲ 4.3%
Change in stocks: decrease (increase)609
-€44,137
-€49,619
-€69,234
€48,318
€30,942
▼ 36.0%
Services and other goods61
€3.6m
€4.0m
€4.1m
€4.5m
€5.0m
▲ 10.2%
Remuneration, social security and pensions62
€969,296
€1.2m
€1.2m
€1.1m
€1.3m
▲ 18.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€1.1m
€1.2m
€1.0m
€1.1m
€949,911
▼ 12.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-€2,502
€0
-€7,679
-
-
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
€0
-
-
-
-
Other operating charges640/8
€52,612
€52,220
€38,561
€38,319
€37,472
▼ 2.2%
Operating charges capitalised as restructuring costs649
-
€0
-
-
-
-
Non-recurring operating charges66A
€14,219
€30,051
€84,969
€25,668
€536
▼ 97.9%
Operating profit (loss)9901
€386,867
-€305,070
-€120,951
-€349,271
€487,077
▲ 239%
Financial income75/76B
€25,817
€78,680
€39,922
€38,376
€80,729
▲ 110%
Recurring financial income75
€25,817
€78,680
€39,922
€38,376
€80,729
▲ 110%
Income from financial fixed assets750
-
€0
-
-
-
-
Income from current assets751
€1,452
€491
-
-
-
-
Other financial income752/9
€24,365
€78,189
€39,922
€38,376
€80,729
▲ 110%
Non-recurring financial income76B
-
€0
-
-
-
-
Financial charges65/66B
€75,646
€68,578
€99,187
€220,255
€268,589
▲ 21.9%
Recurring financial charges65
€75,646
€68,578
€99,187
€220,255
€268,589
▲ 21.9%
Debt charges650
€73,417
€65,992
€96,205
€216,594
€265,741
▲ 22.7%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651
-
€0
-
-
-
-
Other financial charges652/9
€2,229
€2,586
€2,982
€3,661
€2,848
▼ 22.2%
Non-recurring financial charges66B
-
€0
-
-
-
-
Profit (loss) for the period before taxes9903
€337,037
-€294,968
-€180,216
-€531,150
€299,217
▲ 156%
Transfer from deferred taxes780
-
€0
-
-
-
-
Transfer to deferred taxes680
-
€0
-
-
-
-
Income taxes67/77
€35,345
€110
€361
€55,112
-€54,537
▼ 199%
Taxes670/3
€35,345
€110
€361
€55,112
€231
▼ 99.6%
Tax adjustments and reversals of tax provisions77
-
€0
-
-
€54,768
-
Profit (loss) for the period9904
€301,692
-€295,078
-€180,577
-€586,263
€353,754
▲ 160%
Transfer from tax-exempt reserves789
-
€0
€424,537
-
€147,350
-
Transfer to tax-exempt reserves689
€147,350
€0
-
-
-
-
Profit (loss) for the period to be appropriated9905
€154,342
-€295,078
€243,960
-€586,263
€501,104
▲ 185%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€10.7m
€10.6m
€11.0m
€11.7m
€12.3m
▲ 5.6%
Formation expenses20
-
€0
€0
€0
€0
-
Fixed assets21/28
€5.6m
€5.2m
€4.8m
€5.1m
€4.9m
▼ 3.1%
Intangible fixed assets21
€4,700
€268
€0
€21,121
€78,847
▲ 273%
Tangible fixed assets22/27
€5.6m
€5.2m
€4.8m
€5.1m
€4.8m
▼ 4.2%
Land and buildings22
€105,638
€107,875
€99,398
€90,159
€109,393
▲ 21.3%
Plant, machinery and equipment23
€5.4m
€5.1m
€4.5m
€4.3m
€4.7m
▲ 10.0%
Furniture and vehicles24
€3,077
€6,153
€2,311
€588
€546
▼ 7.1%
Leasing and similar rights25
-
€0
€0
€0
€0
-
Other tangible fixed assets26
-
€0
-
-
-
-
Assets under construction and advance payments27
€5,475
€5,080
€188,026
€667,146
€3,892
▼ 99.4%
Financial fixed assets28
€460
€460
€460
€4,517
€4,517
=
Affiliated companies280/1
-
€0
-
-
-
-
Participating interests280
-
€0
-
-
-
-
Amounts receivable281
-
€0
-
-
-
-
Companies linked by participating interests282/3
-
€0
-
-
-
-
Participating interests282
-
€0
-
-
-
-
Amounts receivable283
-
€0
-
-
-
-
Other financial fixed assets284/8
€460
€460
€460
€4,517
€4,517
=
Shares284
-
€0
-
-
-
-
Amounts receivable and cash guarantees285/8
€460
€460
€460
€4,517
€4,517
=
Current assets29/58
€5.2m
€5.4m
€6.2m
€6.6m
€7.4m
▲ 12.3%
Stocks and contracts in progress3
€2.2m
€2.5m
€2.6m
€2.8m
€3.5m
▲ 26.0%
Stocks30/36
€2.2m
€2.5m
€2.6m
€2.8m
€3.5m
▲ 26.0%
Raw materials and consumables30/31
€1.2m
€1.5m
€1.6m
€1.2m
€1.3m
▲ 7.1%
Work in progress32
-
€0
-
-
-
-
Finished goods33
€941,325
€981,009
€1.1m
€1.5m
€2.1m
▲ 41.6%
Goods purchased for resale34
-
€0
-
-
-
-
Contracts in progress37
-
€0
-
-
-
-
Amounts receivable within one year40/41
€2.5m
€2.9m
€3.5m
€3.8m
€3.7m
▼ 4.2%
Trade receivables40
€2.4m
€2.8m
€3.4m
€3.7m
€3.6m
▼ 4.2%
Other amounts receivable41
€117,424
€70,372
€146,802
€114,557
€111,939
▼ 2.3%
Current investments50/53
€452,774
€0
€0
€0
€0
-
Other investments51/53
€452,774
€0
€0
€0
€0
-
Cash at bank and in hand54/58
€2,592
€2,122
€1,944
€940
€257,725
▲ 27,313%
Deferred charges and accrued income490/1
€5,929
€4,562
€6,425
€6,662
€5,720
▼ 14.1%
Equity and liabilities
Total equity and liabilities10/49
€10.7m
€10.6m
€11.0m
€11.7m
€12.3m
▲ 5.6%
Equity10/15
€4.6m
€4.4m
€2.7m
€2.0m
€2.7m
▲ 31.9%
Contributions10/11
€100,000
€100,000
€100,000
€100,000
€100,000
=
Capital10
€100,000
€100,000
€100,000
€100,000
€100,000
=
Issued capital100
€100,000
€100,000
€100,000
€100,000
€100,000
=
Uncalled capital101
-
€0
-
-
-
-
Outside capital11
-
€0
-
-
-
-
Share premium1100/10
-
€0
-
-
-
-
Revaluation surpluses12
-
€0
-
-
-
-
Reserves13
€1.5m
€1.5m
€1.5m
€1.5m
€1.5m
=
Non-distributable reserves130/1
€10,000
€10,000
€10,000
€10,000
€10,000
=
Legal reserve130
€10,000
€10,000
€10,000
€10,000
€10,000
=
Reserves not available under the articles1311
-
€0
-
-
-
-
Tax-exempt reserves132
€571,887
€571,887
€147,350
€147,350
-
-
Distributable reserves133
€895,365
€895,365
€1.3m
€1.3m
€1.5m
▲ 11.2%
Profit (loss) carried forward14
€2.7m
€2.4m
€726,115
€139,853
€493,606
▲ 253%
Investment grants15
€289,551
€401,672
€366,414
€329,402
€627,898
▲ 90.6%
Provisions and deferred taxes16
€15,591
€15,591
€15,591
€15,591
€15,591
=
Provisions for liabilities and charges160/5
€15,591
€15,591
€15,591
€15,591
€15,591
=
Pensions and similar obligations160
-
€0
-
-
-
-
Taxes161
-
€0
-
-
-
-
Major repairs and maintenance162
-
€0
-
-
-
-
Environmental obligations163
-
€0
-
-
-
-
Other liabilities and charges164/5
€15,591
€15,591
€15,591
€15,591
€15,591
=
Deferred taxes168
-
€0
-
-
-
-
Amounts payable17/49
€6.2m
€6.2m
€8.3m
€9.6m
€9.6m
=
Amounts payable after more than one year17
€3.4m
€2.9m
€2.4m
€1.9m
€1.5m
▼ 20.3%
Financial debts170/4
€3.4m
€2.9m
€2.4m
€1.9m
€1.5m
▼ 20.3%
Subordinated loans170
-
€0
-
-
-
-
Unsubordinated bonds171
-
€0
-
-
-
-
Leasing and similar obligations172
-
€0
-
-
-
-
Credit institutions173
€3.4m
€2.9m
€2.4m
€1.9m
€1.5m
▼ 20.3%
Other loans174
-
€0
-
-
-
-
Trade debts175
-
€0
-
-
-
-
Suppliers1750
-
€0
-
-
-
-
Other amounts payable178/9
-
€0
-
-
-
-
Amounts payable within one year42/48
€2.7m
€3.3m
€5.9m
€7.7m
€8.1m
▲ 4.9%
Current portion of amounts payable after more than one year42
€497,941
€499,999
€499,999
€500,000
€531,787
▲ 6.4%
Financial debts43
-
€545,920
€1.0m
€4.7m
€4.7m
▼ 1.8%
Credit institutions430/8
-
€0
-
-
-
-
Other loans439
-
€545,920
€1.0m
€4.7m
€4.7m
▼ 1.8%
Trade debts44
€1.4m
€1.2m
€2.0m
€1.7m
€1.8m
▲ 5.1%
Suppliers440/4
€1.4m
€1.2m
€2.0m
€1.7m
€1.8m
▲ 5.1%
Advances received on contracts in progress46
-
€0
-
€34,339
-
-
Taxes, remuneration and social security45
€193,546
€283,905
€230,955
€139,695
€213,032
▲ 52.5%
Taxes450/3
€27,287
€44,415
€31,733
€28,468
€32,348
▲ 13.6%
Remuneration and social security454/9
€166,259
€239,490
€199,222
€111,228
€180,684
▲ 62.4%
Other amounts payable47/48
€623,925
€682,607
€2.2m
€630,677
€943,656
▲ 49.6%
Accrued charges and deferred income492/3
€33,920
€32,864
€13,215
€22,520
€23,829
▲ 5.8%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€301,692
-€295,078
-€180,577
-€586,263
€353,754
▲ 160%
+ Depreciation and write-downs630
€1.1m
€1.2m
€1.0m
€1.1m
€949,911
▼ 12.1%
Operating cash flow (approximation)
€1.4m
€883,896
€841,723
€494,697
€1.3m
▲ 164%
Investment in fixed assets (approximation)
-
-€813,585
-€599,631
-€1.4m
-€793,090
▲ 42.9%
Change in cash
-
-€470
-€178
-€1,004
€256,785
▲ 25,685%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Director resignation, Paul PORTIER (permanent representative)
Director resignation, FINAWIRS SA (permanent representative)
Director resignation, COGE4 SRL (day-to-day manager)
Auditor reappointment, BDO
28-04
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
2025
31-12
FinancialBack to profitnet €353,754
Net result €353,754 after 3 loss-making years.
13-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialWeakest financial yearnet -€586,263
Net result drops to -€586,263, the lowest in the series; recovery starts the following year.
21-05
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
31-12
FinancialBack to profitnet €301,692
Net result €301,692 after one loss-making year.
22-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-12
FinancialEquity above €2mEq €4.1m ▲119%
Equity rises from €1.9m to €4.1m.
26-05
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
FinancialHighest result since 2018net €399,338 ▲112%
Operating result €515,116, net result €399,338, both a record.
24-05
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
15-05
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Managing director · Private limited company · perm. rep.: Germain PORTIER
Current
FS
FINAWIRS SA
Managing director · Legal entity · perm. rep.: Raphaël GRIMONT
Current
CS
COGE4 SRL
Managing director · Legal entity · from a recent act
Current
Permanent representatives 2
PG
Germain PORTIER
Permanent representative · for CoGe4
Current
GR
Raphaël GRIMONT
Permanent representative · for FINAWIRS SA
Current
Statutory auditor 1
BD
BDO
Auditor · since 11-09-2026 · perm. rep.: Christian SCHMETZ
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
14 of this company's 15 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
4 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Subsidies and aid the company received from government. It says something about its projects and the conditions attached.
European Union, budget
European Union, budget
Money this company received from the EU budget. It often points to projects with European partners.
2023 · 1 entry · 1,066,284 EUR in total
Year
Entries
awarded
2023
1
1,066,284 EUR
Projects
CO2NCREAT - CEMENT-FREE BUILDING PRODUCTS WITH NEGATIVE CARBON FOOTPRINTS BY USING CO2 GAS AND BY-PRODUCT FROM RESPECTIVELY LIME AND STAINLESS STEEL PLANTS
Innovation Fund · 01-06-2023 to 30-06-2029 · 1,066,284 EUR
Of 401 companies in sector 23610 we hold annual accounts for 315. 223 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded01-11-1973
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
E-invoicing
Reachable via Peppol
Peppol ID0208:0413746570
Registered25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.