Promise Construct
ActiveSummary
The computed 12-month bankruptcy probability of Promise Construct is 2.1% (moderate). The 2025 annual accounts show equity of €50,803 and a net result of €16,399. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+23
Solvency69▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.69 in 2024; short-term debt: 43.1% and cash: 28.9% of total assets), but 55.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.4%
Return on assets
14.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 6 filingsDeviation from the deadline
2025
3 d late
2024
7 d late
2023
14 d late
2022
59 d early
2021
16 d late
2020
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Turnover
€203,880
EBIT margin
1.9%
Net result
€16,399▲ 344%
2024 · €3,690
Working capital
€41,570▲ 80.7%
2024 · €23,009
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
Turnover
Operating result€24,886▲ 536%€22,973▼ 7.7%-€10,408€7,926€31,308▲ 295%
Net result€19,682within the sector's middle half▲ 511%€16,001within the sector's middle half▼ 18.7%-€12,689below the sector's middle half€3,690within the sector's middle half€16,399within the sector's middle half▲ 344%
EBIT margin
Equity€27,402within the sector's middle half▲ 255%€43,402within the sector's middle half▲ 58.4%€30,714within the sector's middle half▼ 29.2%€34,404within the sector's middle half▲ 12.0%€50,803within the sector's middle half▲ 47.7%
Total assets€50,440below the sector's middle half▲ 111%€120,196within the sector's middle half▲ 138%€102,586within the sector's middle half▼ 14.7%€91,947within the sector's middle half▼ 10.4%€114,541within the sector's middle half▲ 24.6%
Debt€23,038▲ 42.8%€76,793▲ 233%€71,872▼ 6.4%€57,544▼ 19.9%€63,738▲ 10.8%
Working capital€10,833▲ 213%-€4,419€8,222€23,009▲ 180%€41,570▲ 80.7%
Solvency54.3%within the sector's middle half▲ 22.0pp36.1%within the sector's middle half▼ 18.2pp29.9%within the sector's middle half▼ 6.2pp37.4%within the sector's middle half▲ 7.5pp44.4%within the sector's middle half▲ 6.9pp
Staff (FTE)3
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 295% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,541
Fixed assets
€23,591 ▼ 33.3%
Current assets
€90,950 ▲ 60.7%
Equity and liabilities €114,541
Equity
€50,803 ▲ 47.7%
Debt
€63,738 ▲ 10.8%
Debt's share of the balance-sheet total falls from 62.6% to 55.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,075▲
2024 · €21,582
Cash flow
€28,166▲
2024 · €17,346
Current ratio
1.84▲
2024 · 1.69
Quick ratio
1.67▲
2024 · 1.51
Debt to equity
1.25▼
2024 · 1.67
ROE
32.3%▲
2024 · 10.7%
ROA
14.3%▲
2024 · 4.0%
Interest coverage
11.15▲
2024 · 4.85
Debt ≤ 1 year
€49,380▲
2024 · €33,580
Debt > 1 year
€14,358▼
2024 · €23,964
Income taxes
€11,078▲
2024 · -€213
Staff costs
€157,104▲
2024 · €108,964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
3.4%
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 higher bankruptcy probability: 2.1% 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 497,058 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% | 1.6% |
| 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 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 26,964 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,000 | - | - | - | - |
| Remuneration, social security and pensions62 | €65,806 | €92,576 | €113,091 | €108,964 | €157,104 | ▲ 44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,190 | €7,931 | €20,527 | €13,656 | €11,767 | ▼ 13.8% |
| Other operating charges640/8 | €1,692 | €3,948 | €4,514 | €7,267 | €18,169 | ▲ 150% |
| Gross operating margin9900 | €95,574 | €127,428 | €127,725 | €137,813 | €218,348 | ▲ 58.4% |
| Operating profit (loss)9901 | €24,886 | €22,973 | -€10,408 | €7,926 | €31,308 | ▲ 295% |
| Financial income75/76B | €0 | €0 | €1 | €5 | €30 | ▲ 538% |
| Recurring financial income75 | €0 | €0 | €1 | €5 | €30 | ▲ 538% |
| Financial charges65/66B | €606 | €1,128 | €4,911 | €4,454 | €3,862 | ▼ 13.3% |
| Recurring financial charges65 | €606 | €1,128 | €4,911 | €4,454 | €3,862 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €24,280 | €21,846 | -€15,318 | €3,477 | €27,477 | ▲ 690% |
| Income taxes67/77 | €4,597 | €5,845 | -€2,630 | -€213 | €11,078 | ▲ 5,301% |
| Profit (loss) for the period9904 | €19,682 | €16,001 | -€12,689 | €3,690 | €16,399 | ▲ 344% |
| Profit (loss) for the period to be appropriated9905 | €19,682 | €16,001 | -€12,689 | €3,690 | €16,399 | ▲ 344% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,440 | €120,196 | €102,586 | €91,947 | €114,541 | ▲ 24.6% |
| Fixed assets21/28 | €16,569 | €90,006 | €55,716 | €35,358 | €23,591 | ▼ 33.3% |
| Intangible fixed assets21 | €9,000 | €8,100 | €7,200 | €6,300 | €5,400 | ▼ 14.3% |
| Tangible fixed assets22/27 | €7,569 | €81,906 | €48,516 | €29,058 | €18,191 | ▼ 37.4% |
| Plant, machinery and equipment23 | €4,141 | €5,579 | €1,881 | €121 | - | - |
| Furniture and vehicles24 | €3,428 | €76,328 | €46,636 | €28,936 | €18,191 | ▼ 37.1% |
| Current assets29/58 | €33,871 | €30,190 | €46,870 | €56,589 | €90,950 | ▲ 60.7% |
| Stocks and contracts in progress3 | €355 | €2,090 | €4,425 | €6,050 | €8,590 | ▲ 42.0% |
| Stocks30/36 | €355 | €2,090 | €4,425 | €6,050 | €8,590 | ▲ 42.0% |
| Amounts receivable within one year40/41 | €17,978 | €19,768 | €23,804 | €33,406 | €49,309 | ▲ 47.6% |
| Trade receivables40 | €17,978 | €18,280 | €17,063 | €24,341 | €36,496 | ▲ 49.9% |
| Other amounts receivable41 | - | €1,488 | €6,741 | €9,065 | €12,813 | ▲ 41.4% |
| Cash at bank and in hand54/58 | €12,930 | €7,144 | €17,042 | €16,395 | €33,051 | ▲ 102% |
| Deferred charges and accrued income490/1 | €2,609 | €1,188 | €1,598 | €739 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,440 | €120,196 | €102,586 | €91,947 | €114,541 | ▲ 24.6% |
| Equity10/15 | €27,402 | €43,402 | €30,714 | €34,404 | €50,803 | ▲ 47.7% |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Capital10 | €4,500 | - | - | - | - | - |
| Issued capital100 | €4,500 | - | - | - | - | - |
| Profit (loss) carried forward14 | €22,902 | €38,902 | €26,214 | €29,904 | €46,303 | ▲ 54.8% |
| Amounts payable17/49 | €23,038 | €76,793 | €71,872 | €57,544 | €63,738 | ▲ 10.8% |
| Amounts payable after more than one year17 | - | €42,185 | €33,224 | €23,964 | €14,358 | ▼ 40.1% |
| Financial debts170/4 | - | €42,185 | €33,224 | €23,964 | €14,358 | ▼ 40.1% |
| Amounts payable within one year42/48 | €23,038 | €34,609 | €38,648 | €33,580 | €49,380 | ▲ 47.1% |
| Current portion of amounts payable after more than one year42 | - | €8,338 | €8,599 | €9,243 | €9,571 | ▲ 3.6% |
| Trade debts44 | €5,178 | €16,239 | €14,584 | €22,132 | €32,695 | ▲ 47.7% |
| Suppliers440/4 | €5,178 | €16,239 | €14,584 | €22,132 | €32,695 | ▲ 47.7% |
| Taxes, remuneration and social security45 | €13,306 | €10,032 | €15,465 | €2,206 | €7,114 | ▲ 223% |
| Taxes450/3 | €8,511 | €6,143 | €767 | - | €7,078 | - |
| Remuneration and social security454/9 | €4,794 | €3,888 | €14,697 | €2,206 | €37 | ▼ 98.3% |
| Other amounts payable47/48 | €4,554 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,682 | €16,001 | -€12,689 | €3,690 | €16,399 | ▲ 344% |
| + Depreciation and write-downs630 | €3,190 | €7,931 | €20,527 | €13,656 | €11,767 | ▼ 13.8% |
| Operating cash flow (approximation) | €22,872 | €23,931 | €7,839 | €17,346 | €28,166 | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | -€81,368 | €13,762 | €6,703 | €0 | ▼ 100% |
| Change in cash | - | -€5,786 | €9,898 | -€648 | €16,656 | ▲ 2,671% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Back to profitnet €3,690
Net result €3,690 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet -€12,689
Net result drops to -€12,689, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Highest result since 2020net €19,682 ▲511%
Net result €19,682, the highest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 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, Fléron · 1 establishment unit since 2019
Ground area
295 m²
Building footprint
61 m²
Volume, LiDAR
487 m³
Parcel 62038C0451/00D003, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Bouillenne 22, 4620 Fléron
since 20192.298.013.340
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038C0451/00D003 | Wallonia | 295 m² | 1 · 61 m² | 9.4 m · 3 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.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,492. 4,708 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
Founded31-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43120Site preparation
43230Insulation installation
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740623209
Also
9925:BE0740623209
Registered
11-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.