PROFMILL CONSTRUCTIONS
ActiveSummary
PROFMILL CONSTRUCTIONS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,710 and a net result of €4,149. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-5
Solvency68=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.61 in 2024; short-term debt: 55.1% and cash: 29.6% of total assets), but 56.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.4%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d late
2023
37 d early
2022
20 d early
2021
13 d late
2020
22 d early
2019
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before 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 (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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€103,710▲ 4.2%
2024 · €99,561
Total assets
€238,896▲ 2.7%
2024 · €232,607
Net result
€4,149▼ 69.2%
2024 · €13,482
Working capital
€72,860▲ 4.1%
2024 · €70,003
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
Line20212022202320242025
Operating result€14,672▼ 44.7%-€15,998€30,927€19,058▼ 38.4%€6,667▼ 65.0%
Net result€9,325within the sector's middle half▼ 59.3%-€17,342below the sector's middle half€25,969within the sector's middle half€13,482within the sector's middle half▼ 48.1%€4,149within the sector's middle half▼ 69.2%
Equity€86,021within the sector's middle half▼ 4.8%€68,679within the sector's middle half▼ 20.2%€94,649within the sector's middle half▲ 37.8%€99,561within the sector's middle half▲ 5.2%€103,710within the sector's middle half▲ 4.2%
Total assets€212,868within the sector's middle half▲ 14.9%€193,347within the sector's middle half▼ 9.2%€196,849within the sector's middle half▲ 1.8%€232,607within the sector's middle half▲ 18.2%€238,896within the sector's middle half▲ 2.7%
Debt€126,847▲ 33.7%€124,667▼ 1.7%€102,201▼ 18.0%€133,046▲ 30.2%€135,186▲ 1.6%
Working capital€74,892▲ 2.3%€45,214▼ 39.6%€57,401▲ 27.0%€70,003▲ 22.0%€72,860▲ 4.1%
Solvency40.4%within the sector's middle half▼ 8.4pp35.5%within the sector's middle half▼ 4.9pp48.1%within the sector's middle half▲ 12.6pp42.8%within the sector's middle half▼ 5.3pp43.4%within the sector's middle half▲ 0.6pp
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
The operating result has fallen two years in a row; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238,896
Fixed assets
€34,426 ▼ 28.4%
Current assets
€204,470 ▲ 10.8%
Equity and liabilities €238,896
Equity
€103,710 ▲ 4.2%
Debt
€135,186 ▲ 1.6%
Debt's share of the balance-sheet total falls from 57.2% to 56.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,024▼
2024 · €41,153
Cash flow
€24,506▼
2024 · €35,576
Current ratio
1.55▼
2024 · 1.61
Quick ratio
1.36▼
2024 · 1.47
Debt to equity
1.30▼
2024 · 1.34
ROE
4.0%▼
2024 · 13.5%
ROA
1.7%▼
2024 · 5.8%
Interest coverage
31.32▼
2024 · 74.11
Debt ≤ 1 year
€131,610▲
2024 · €114,535
Debt > 1 year
€3,577▼
2024 · €17,711
Income taxes
€1,672▼
2024 · €5,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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%.
| 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 10,905 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 | €3,257 | €14,339 | €20,869 | €22,095 | €20,357 | ▼ 7.9% |
| Other operating charges640/8 | €609 | €3,722 | €4,799 | €5,037 | €4,545 | ▼ 9.8% |
| Non-recurring operating charges66A | €124 | €40 | - | - | - | - |
| Gross operating margin9900 | €18,662 | €2,103 | €56,595 | €46,190 | €31,569 | ▼ 31.7% |
| Operating profit (loss)9901 | €14,672 | -€15,998 | €30,927 | €19,058 | €6,667 | ▼ 65.0% |
| Financial income75/76B | €3 | €2 | €5 | €79 | €17 | ▼ 78.5% |
| Recurring financial income75 | €3 | €2 | €5 | €79 | €17 | ▼ 78.5% |
| Financial charges65/66B | €1,853 | €1,347 | €692 | €555 | €863 | ▲ 55.4% |
| Recurring financial charges65 | €1,853 | €1,347 | €692 | €555 | €863 | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €12,822 | -€17,342 | €30,239 | €18,582 | €5,821 | ▼ 68.7% |
| Income taxes67/77 | €3,497 | - | €4,270 | €5,101 | €1,672 | ▼ 67.2% |
| Profit (loss) for the period9904 | €9,325 | -€17,342 | €25,969 | €13,482 | €4,149 | ▼ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €9,325 | -€17,342 | €25,969 | €13,482 | €4,149 | ▼ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,868 | €193,347 | €196,849 | €232,607 | €238,896 | ▲ 2.7% |
| Fixed assets21/28 | €12,020 | €69,329 | €69,234 | €48,070 | €34,426 | ▼ 28.4% |
| Tangible fixed assets22/27 | €10,100 | €66,009 | €63,414 | €48,070 | €31,066 | ▼ 35.4% |
| Plant, machinery and equipment23 | - | - | €2,626 | €5,904 | €7,404 | ▲ 25.4% |
| Furniture and vehicles24 | €10,100 | €66,009 | €60,788 | €39,600 | €21,371 | ▼ 46.0% |
| Other tangible fixed assets26 | - | - | - | €2,565 | €2,290 | ▼ 10.7% |
| Financial fixed assets28 | €1,920 | €3,320 | €5,820 | - | €3,360 | - |
| Current assets29/58 | €200,849 | €124,018 | €127,615 | €184,538 | €204,470 | ▲ 10.8% |
| Stocks and contracts in progress3 | €40,000 | €53,886 | €60,000 | €16,000 | €25,000 | ▲ 56.3% |
| Contracts in progress37 | €40,000 | €53,886 | €60,000 | €16,000 | €25,000 | ▲ 56.3% |
| Amounts receivable within one year40/41 | €149,706 | €23,485 | €51,244 | €126,941 | €107,613 | ▼ 15.2% |
| Trade receivables40 | €50,968 | €5,490 | €23,183 | €97,071 | €27,485 | ▼ 71.7% |
| Other amounts receivable41 | €98,738 | €17,995 | €28,061 | €29,870 | €80,128 | ▲ 168% |
| Cash at bank and in hand54/58 | €9,513 | €45,733 | €15,389 | €40,471 | €70,711 | ▲ 74.7% |
| Deferred charges and accrued income490/1 | €1,630 | €914 | €982 | €1,126 | €1,146 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,868 | €193,347 | €196,849 | €232,607 | €238,896 | ▲ 2.7% |
| Equity10/15 | €86,021 | €68,679 | €94,649 | €99,561 | €103,710 | ▲ 4.2% |
| Contributions10/11 | €36,200 | €36,200 | €36,200 | €36,200 | €36,200 | = |
| Reserves13 | €49,821 | €44,452 | €58,449 | €63,361 | €67,510 | ▲ 6.5% |
| Non-distributable reserves130/1 | €3,620 | €3,620 | - | - | - | - |
| Reserves not available under the articles1311 | €3,620 | €3,620 | - | - | - | - |
| Distributable reserves133 | €46,201 | €40,832 | €58,449 | €63,361 | €67,510 | ▲ 6.5% |
| Profit (loss) carried forward14 | - | -€11,972 | - | - | - | - |
| Amounts payable17/49 | €126,847 | €124,667 | €102,201 | €133,046 | €135,186 | ▲ 1.6% |
| Amounts payable after more than one year17 | €890 | €45,864 | €31,987 | €17,711 | €3,577 | ▼ 79.8% |
| Financial debts170/4 | €890 | €45,864 | €31,987 | €17,711 | €3,577 | ▼ 79.8% |
| Amounts payable within one year42/48 | €125,957 | €78,804 | €70,214 | €114,535 | €131,610 | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | €5,293 | €14,730 | €13,877 | €14,185 | €14,225 | ▲ 0.3% |
| Trade debts44 | €109,766 | €54,413 | €52,638 | €93,064 | €110,794 | ▲ 19.1% |
| Suppliers440/4 | €109,766 | €54,413 | €52,638 | €93,064 | €110,794 | ▲ 19.1% |
| Taxes, remuneration and social security45 | €9,169 | €7,148 | €1,970 | €5,567 | €4,872 | ▼ 12.5% |
| Taxes450/3 | €5,589 | €2,948 | €1,970 | €3,867 | €4,872 | ▲ 26.0% |
| Remuneration and social security454/9 | €3,580 | €4,200 | - | €1,700 | - | - |
| Other amounts payable47/48 | €1,729 | €2,513 | €1,729 | €1,719 | €1,719 | = |
| Accrued charges and deferred income492/3 | - | - | - | €800 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,325 | -€17,342 | €25,969 | €13,482 | €4,149 | ▼ 69.2% |
| + Depreciation and write-downs630 | €3,257 | €14,339 | €20,869 | €22,095 | €20,357 | ▼ 7.9% |
| Operating cash flow (approximation) | €12,582 | -€3,003 | €46,839 | €35,576 | €24,506 | ▼ 31.1% |
| Investment in fixed assets (approximation) | - | -€71,648 | -€20,775 | -€930 | -€6,714 | ▼ 622% |
| Change in cash | - | €36,220 | -€30,344 | €25,081 | €30,241 | ▲ 20.6% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €103,710 ▲4.2%
3 profitable years in a row build equity to €103,710.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €25,969
Net result €25,969 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €34,823
Net result €34,823 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial 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, Gent · 1 establishment unit since 2007
Ground area
244 m²
Building footprint
119 m²
Volume, LiDAR
717 m³
Parcel 44363B0558/00P005, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROFMILL CONSTRUCTIONS
since 20072.163.242.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0558/00P005 | Flanders | 244 m² | 1 · 119 m² | 11.0 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.
Recognitions · licences · registrations
Recognised contractor
15 categoriesPROFMILL CONSTRUCTIONS BV38238
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DEMO TERRE
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 505 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
Founded09-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889325692
Registered
26-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.