Project solution Construct
ActiveSummary
The computed 12-month bankruptcy probability of Project solution Construct is 3.8% (moderate). The 2025 annual accounts show negative equity (€-42k) and a net result of €-24k. Equity is shrinking by ~117.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2198 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.65 in 2024; short-term debt: 151% and cash: 2.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-51%
Return on assets
-29.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-42k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
29 d late
2024
24 d late
2023
30 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-42k▼ 137%
2024 · €-18k
2023: €-268highest in 3 years
2024: €-18k▼ -6536% vs 2023
2025: €-42k▼ -137% vs 2024lowest in 3 years
2023 → 2025
Total assets
€83k▲ 96.7%
2024 · €42k
2023: €30klowest in 3 years
2024: €42k▲ +41.5% vs 2023
2025: €83k▲ +96.7% vs 2024highest in 3 years
2023 → 2025
Net result
€-24k▼ 39.3%
2024 · €-18k
2023: €-1khighest in 3 years
2024: €-18k▼ -1282% vs 2023
2025: €-24k▼ -39.3% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-45k▼ 112%
2024 · €-21k
2023: €-4khighest in 3 years
2024: €-21k▼ -380% vs 2023
2025: €-45k▼ -112% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-268-€-18k▼ 6,536%€-42k▼ 137%
2023: €-268highest in 3 years
2024: €-18k▼ -6536% vs 2023
2025: €-42k▼ -137% vs 2024lowest in 3 years
Operating result€-1k-€-17k▼ 1,332%€-23k▼ 29.4%
2023: €-1khighest in 3 years
2024: €-17k▼ -1332% vs 2023
2025: €-23k▼ -29.4% vs 2024lowest in 3 years
Net result€-1k-€-18k▼ 1,282%€-24k▼ 39.3%
2023: €-1khighest in 3 years
2024: €-18k▼ -1282% vs 2023
2025: €-24k▼ -39.3% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €17k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€2k ▼ 26.6%
Current assets
€80k ▲ 107%
Key figures and ratios
EBITDA
€-22k▼
2024 · €-17k
Cash flow
€-24k▼
2024 · €-17k
Solvency
-51.0%▼
2024 · -42.3%
Current ratio
0.64▼
2024 · 0.65
Debt to equity
-2.96▲
2024 · -3.36
ROA
-29.5%▲
2024 · -41.7%
Interest coverage
-402.74▼
2024 · -306.47
Debt
€125k▲
2024 · €60k
Debt ≤ 1 year
€125k▲
2024 · €60k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€83k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€39k€80k▲
Amounts receivable within one year40/41€33k€78k▲
Trade receivables40€20k€61k▲
Other amounts receivable41€13k€17k▲
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€110€110▲
Equity and liabilities
Total equity and liabilities10/49€42k€83k▲
Equity10/15€-18k€-42k▼
Contributions10/11€1k€1k=
Capital10€1k€1k=
Issued capital100€1k€1k=
Profit (loss) carried forward14€-19k€-43k▼
Amounts payable17/49€60k€125k▲
Amounts payable within one year42/48€60k€125k▲
Trade debts44€53k€107k▲
Suppliers440/4€53k€107k▲
Advances received on contracts in progress46€7k€4k▼
Taxes, remuneration and social security45-€2k
Remuneration and social security454/9-€2k
Other amounts payable47/48-€12k
Income statement
Code20242025
Remuneration, social security and pensions62€365-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€928€843▼
Other operating charges640/8€539€663▲
Gross operating margin9900€-16k€-21k▼
Operating profit (loss)9901€-17k€-23k▼
Financial charges65/66B€54€54▲
Recurring financial charges65€54€54▲
Profit (loss) for the period before taxes9903€-18k€-23k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€-18k€-24k▼
Profit (loss) for the period to be appropriated9905€-18k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-43k▼
Profit (loss) brought forward from the previous period14P€-1k€-19k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €579 | €365 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €928 | €843 | ▼ 9.2% |
| Other operating charges640/8 | €384 | €539 | €663 | ▲ 22.9% |
| Gross operating margin9900 | €857 | €-16k | €-21k | ▼ 34.9% |
| Operating profit (loss)9901 | €-1k | €-17k | €-23k | ▼ 29.4% |
| Financial charges65/66B | €48 | €54 | €54 | ▲ 0.1% |
| Recurring financial charges65 | €48 | €54 | €54 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €-1k | €-18k | €-23k | ▼ 29.3% |
| Income taxes67/77 | - | - | €2k | - |
| Profit (loss) for the period9904 | €-1k | €-18k | €-24k | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-18k | €-24k | ▼ 39.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30k | €42k | €83k | ▲ 96.7% |
| Formation expenses20 | €85 | - | - | - |
| Fixed assets21/28 | €4k | €3k | €2k | ▼ 26.6% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | ▼ 26.6% |
| Plant, machinery and equipment23 | €4k | €3k | €2k | ▼ 26.6% |
| Current assets29/58 | €26k | €39k | €80k | ▲ 107% |
| Amounts receivable within one year40/41 | €21k | €33k | €78k | ▲ 137% |
| Trade receivables40 | €12k | €20k | €61k | ▲ 201% |
| Other amounts receivable41 | €9k | €13k | €17k | ▲ 35.8% |
| Cash at bank and in hand54/58 | €5k | €6k | €2k | ▼ 61.1% |
| Deferred charges and accrued income490/1 | €110 | €110 | €110 | ▲ 0.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30k | €42k | €83k | ▲ 96.7% |
| Equity10/15 | €-268 | €-18k | €-42k | ▼ 137% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Capital10 | €1k | €1k | €1k | = |
| Issued capital100 | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-1k | €-19k | €-43k | ▼ 130% |
| Amounts payable17/49 | €30k | €60k | €125k | ▲ 109% |
| Amounts payable within one year42/48 | €30k | €60k | €125k | ▲ 109% |
| Trade debts44 | €30k | €53k | €107k | ▲ 103% |
| Suppliers440/4 | €30k | €53k | €107k | ▲ 103% |
| Advances received on contracts in progress46 | - | €7k | €4k | ▼ 43.8% |
| Taxes, remuneration and social security45 | - | - | €2k | - |
| Remuneration and social security454/9 | - | - | €2k | - |
| Other amounts payable47/48 | - | - | €12k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-18k | €-24k | ▼ 39.3% |
| + Depreciation and write-downs630 | €1k | €928 | €843 | ▼ 9.2% |
| Operating cash flow (approximation) | €-155 | €-17k | €-24k | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | €-85 | €0 | ▲ 100% |
| Change in cash | - | €1k | €-4k | ▼ 411% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2023
Ground area
711 m²
Building footprint
176 m²
Volume, LiDAR
918 m³
Parcel 23412I0123/00N003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Rodenemweg 207, 1500 Halle
since 20232.372.389.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412I0123/00N003 | Flanders | 711 m² | 1 · 176 m² | 8.6 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.
Similar companies · same sector and region
AA Focus
BE 0741.409.503
Halle
ADE GROUP
BE 0801.767.950
Halle
ALSAI
BE 0757.743.907
Halle
Arzaak
BE 0767.989.184
Halle
BBS All Builders
BE 0704.892.268
Halle
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.