Equity
€25,482 ▼ 59.0%
PROPER CONSTRUCT paid out €25,000 in dividends in a year with a loss of €11,716.
PROPER CONSTRUCT
Lifetime
3 annual accounts with figures on one time axispeak €73,221 (2023)
€2,620▼ 96.0%
lowest -€11,716 (2025)
-€11,716▼ €54,882
peak €62,198 (2024)
€25,482▼ 59.0%
€89,695▲ 71.3%
Board1 name since 2023
1 director
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €64,723 to €2,620Loss of €11,716Dividend €25,000Equity from €62,198 to €25,482Debts from €52,349 to €89,695Cash from €31,855 to €10,168
Key points
from the 2025 annual accountsResult
-€11,716 -€11,716
From profit to loss in 2025, after a profit of €43,166 in 2024.
Turnover
≈ €27,000 estimated
The micro format states no turnover.
Debts
€89,695 78% of the balance sheet
Financial debts 17%Suppliers 28%Taxes and wages 17%Other 38%
Of this, €73,860 falls due within a year.
Liquidity
1.14 was 2.43 in 2024
Short-term debts rose from €28,759 to €73,860.
Position in the sector
-€11,716
Lower net result than 89% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,206 companies had the same profile as PROPER CONSTRUCT has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,206 companies, not a prediction for PROPER CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798481234
Incorporation
Founding capital of €1,200, 100 shares · Founder: · Appointment: (director) · published on 17-02-2023 · Gazette deed
First establishment
Kortrijkstraat 24, Ledegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROPER CONSTRUCT Ledegem | €115,176 | €2,620 | 22.1% | - |
| Bezettingswerken Belmans Lille | €141,704 | €4,001 | 78.0% | - |
| Bart van der vekens Mechelen | €69,095 | €2,490 | 82.4% | - |
| VITAAL BOUW Ghent | €83,178 | €4,780 | 54.5% | - |
| T&T RENOVATIE Zedelgem | €159,125 | -€3,115 | -51.8% | - |
| EFE PLEISTERWERKEN Beringen | €60,798 | €2,155 | 59.2% | - |
| Studio Monolith Merksplas | €207,600 | €4,422 | 12.1% | - |
These companies have the same main activity as PROPER CONSTRUCT: plastering work (NACE 43310). They are comparable in size and age: total assets between €60,800 and €208,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 15-02-2023Normal situation
- Activity
- Plastering workNACE 43310and 3 others
- Establishment unit
- 2.341.712.0388880 Ledegem, since 15-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €115,176▲ 0.5%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on PROPER CONSTRUCT
PROPER CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €73,221 in 2023 to €2,620 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROPER CONSTRUCT
- What is the company number of PROPER CONSTRUCT?
- The company number of PROPER CONSTRUCT is 0798.481.234. The VAT number is the same number with BE in front: BE 0798.481.234.
- Where is PROPER CONSTRUCT based?
- The registered office is at Kortrijkstraat 24, 8880 Ledegem.Company details
- What does PROPER CONSTRUCT do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of PROPER CONSTRUCT?
- PROPER CONSTRUCT is a private limited company (BV).
- When was PROPER CONSTRUCT founded?
- PROPER CONSTRUCT was founded on 15-02-2023.
- Is PROPER CONSTRUCT still active?
- Yes, PROPER CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of PROPER CONSTRUCT?
- The turnover in financial year 2025 is ≈ €27,000. This figure is estimated from the gross margin of €2,620 and 159 comparable companies (NACE 433). It probably lies between €15,000 and €55,000. It is a rough estimate.Financials
- Is PROPER CONSTRUCT profitable?
- In financial year 2025, PROPER CONSTRUCT made a loss of €11,716.
- Where can I find the annual accounts of PROPER CONSTRUCT?
- PROPER CONSTRUCT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROPER CONSTRUCT due?
- PROPER CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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