Equity
PROSAFE CONSTRUCT paid out €40,000 in dividends. That is 149% of the 2025 profit.
PROSAFE CONSTRUCT paid out €40,000 in dividends. That is 149% of the 2025 profit.
Green is investment, beige is depreciation.
PROSAFE CONSTRUCT pays its suppliers 24 days later than in 2024. Customers pay 20 days later.
The 2025 accounts came latest: 59 days after the end of the period.
Lower solvency than 83% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 16% of them on solvency, 3% on liquidity, 28% on profitability and 44% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-08-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,372 companies had the same profile as PROSAFE CONSTRUCT has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROSAFE CONSTRUCT itself: 1.7% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,372 companies, not a prediction for PROSAFE 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.
Liquidity is tight, with a current ratio of 1.14 (1.22 in 2024), below the usual 1.5. Short-term debt is 86.5% and cash 0.9% of total assets. 86.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PROSAFE CONSTRUCT Schaerbeek | €1.9m | 2.2% | 13.5% | - |
| MORRAZ Anderlecht | €1.0m | 9.6% | 76.4% | - |
| LOUIS Laurent aménagements Juprelle | - | - | 14.9% | - |
| FAST ENTREPRISE GENERALE Asse | €1.6m | 2.9% | 32.5% | - |
| ZWEMBADEN LANNOO Deinze | - | - | 14.8% | - |
| KEULEN RAF BETONWERKEN Lanaken | - | - | 14.0% | 1 |
| SCHEERLINCK FRANKY Herzele | - | - | 37.3% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PROSAFE CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €657,000 and €776,000, founded between 2016 and 2018.
PROSAFE CONSTRUCT has existed since 2018. Turnover grew from €1.2m in 2019 to €1.9m in 2025.
Turnover has grown every year since 2020. Solvency fell in 2025 from 19.3% to 13.5% because of the dividend and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 17% of 35,119 companies in 2025.
Higher than 27% of 34,493 companies in 2025.
Higher than 38% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
770,287 | 607,280 | 485,212 | 330,786 | 258,978 | 359,547 | 297,604 | |
21/28 |
11,946 | 8,335 | 2,670 | 3,888 | 3,544 | 8,887 | 16,697 | |
22/27 |
9,946 | 6,335 | 670 | 1,888 | 1,544 | 6,887 | 14,697 | |
23 |
0 | - | - | 772 | 1,544 | 2,720 | 3,897 | |
24 |
9,946 | 6,335 | 670 | 1,116 | - | 4,167 | 10,800 | |
28 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
29/58 |
758,342 | 598,946 | 482,542 | 326,898 | 255,434 | 350,660 | 280,907 | |
29 |
- | - | 22,435 | 48,303 | 74,171 | 129,340 | - | |
291 |
- | - | 22,435 | 48,303 | 74,171 | 129,340 | - | |
40/41 |
732,321 | 582,484 | 452,164 | 258,733 | 171,885 | 167,098 | 259,938 | |
40 |
643,112 | 474,657 | 349,884 | 192,155 | 101,038 | 164,316 | 190,115 | |
41 |
89,210 | 107,827 | 102,280 | 66,578 | 70,847 | 2,782 | 69,823 | |
54/58 |
6,555 | 16,366 | 7,473 | 17,773 | 8,359 | 52,944 | 20,968 | |
490/1 |
19,465 | 96 | 470 | 2,089 | 1,019 | 1,277 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
770,287 | 607,280 | 485,212 | 330,786 | 258,978 | 359,547 | 297,604 | |
10/15 |
103,981 | 117,175 | 143,880 | 143,722 | 124,672 | 139,306 | 128,863 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,250 | 6,250 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,350 | |
11 |
- | - | - | - | 18,600 | 6,250 | - | |
1109/19 |
- | - | - | - | 18,600 | 6,250 | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
14 |
83,521 | 96,715 | 123,420 | 123,262 | 104,212 | 131,196 | 120,753 | |
17/49 |
666,306 | 490,105 | 341,332 | 187,064 | 134,306 | 220,241 | 168,741 | |
42/48 |
666,306 | 490,105 | 341,332 | 187,064 | 134,306 | 220,241 | 168,741 | |
44 |
584,319 | 412,598 | 269,269 | 123,487 | 72,240 | 73,765 | 116,272 | |
440/4 |
584,319 | 412,598 | 269,269 | 43,625 | 60,538 | 38,721 | 98,968 | |
441 |
- | - | - | 79,863 | 11,703 | 35,044 | 17,303 | |
45 |
47,946 | 32,973 | 29,064 | 31,125 | 28,091 | 100,975 | 52,469 | |
450/3 |
31,944 | 24,674 | 29,064 | 26,670 | 24,191 | 88,741 | 44,869 | |
454/9 |
16,002 | 8,298 | - | 4,455 | 3,900 | 12,235 | 7,600 | |
47/48 |
34,040 | 44,535 | 42,998 | 32,452 | 33,975 | 45,500 | - | |
| Income statement | ||||||||
70 |
1.9m | 1.7m | 1.0m | 827,219 | 667,724 | 652,958 | 1.2m | |
9900 |
102,475 | 69,410 | 82,340 | 83,591 | 25,705 | 110,302 | 176,036 | |
60/61 |
1.8m | 1.6m | 931,865 | 743,628 | 642,018 | 540,664 | 975,007 | |
62 |
51,126 | 26,067 | - | - | - | - | - | |
630 |
3,435 | 2,797 | 1,218 | 995 | 3,177 | 5,343 | 6,577 | |
640/8 |
6,825 | 2,113 | 6,914 | 2,098 | 2,031 | 2,018 | 579 | |
9901 |
41,089 | 38,432 | 74,207 | 80,498 | 20,498 | 102,941 | 168,880 | |
75/76B |
109 | 44 | 40 | 17 | 2,703 | 1 | 0 | |
75 |
109 | 44 | 40 | 17 | 7 | 1 | 0 | |
76B |
- | - | - | - | 2,697 | - | - | |
65/66B |
2,756 | 1,786 | 2,027 | 2,344 | 4,024 | 1,624 | 2,902 | |
65 |
2,756 | 1,786 | 2,027 | 2,344 | 2,494 | 1,624 | 2,902 | |
66B |
- | - | - | - | 1,530 | - | - | |
9903 |
38,442 | 36,691 | 72,220 | 78,172 | 19,178 | 101,319 | 165,978 | |
67/77 |
11,635 | 10,397 | 19,062 | 19,122 | 6,161 | 25,876 | 43,365 | |
9904 |
26,807 | 26,295 | 53,158 | 59,050 | 13,016 | 75,443 | 122,613 | |
9905 |
26,807 | 26,295 | 53,158 | 59,050 | 13,016 | 75,443 | 122,613 | |
| Appropriation of the result | ||||||||
9906 |
123,521 | 149,715 | 176,420 | 163,262 | 144,212 | 196,196 | 122,613 | |
14P |
96,715 | 123,420 | 123,262 | 104,212 | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
694/7 |
40,000 | 53,000 | 53,000 | 40,000 | 40,000 | 65,000 | - | |
694 |
40,000 | 53,000 | 53,000 | 40,000 | 40,000 | 65,000 | - | |
| Social balance sheet | ||||||||
9087 |
- | 0.9 | - | - | - | - | - | |
Hours worked1013 |
- | 1,632 | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
2025 annual accounts filed 59 days after the deadline. Filed on 29 May 2026, deadline 31 March 2026 (7 months after the close on 31 August 2025, Companies Code art. 3:10). Source: NBB, 2026-00127451.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2025 | micro format | 29-05-2026 | 2026-00127451 | |
| 31-08-2024 | micro format | 17-04-2025 | 2025-00075745 | |
| 31-08-2023 | micro format | 22-04-2024 | 2024-00066435 | |
| 31-08-2022 | micro format | 01-03-2023 | 2023-00036065 | |
| 31-08-2021 | micro format | 29-03-2022 | 2022-09700190 | |
| 31-08-2020 | micro format | 19-03-2021 | 2021-07900324 | |
| 31-08-2019 | micro format | 31-03-2020 | 2020-08200042 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 44,524 | 41,229 | 75,426 | 81,493 | 23,675 | 108,285 | 175,457 | ||
| 30,242 | 29,091 | 54,376 | 60,045 | 16,193 | 80,786 | 129,190 | ||
| 7,046 | 8,462 | 0 | 1,340 | -2,167 | -2,467 | 23,274 | ||
| -9,810 | 8,893 | -10,300 | 9,413 | -44,585 | 31,976 | - | ||
| 92,036 | 108,840 | 141,210 | 139,834 | 121,128 | 130,419 | 112,166 | ||
| 2.2% | 2.3% | 7.3% | 9.7% | 3.1% | 15.8% | 14.7% | ||
| 13.5% | 19.3% | 29.7% | 43.4% | 48.1% | 38.7% | 43.3% | ||
| 1.14 | 1.22 | 1.41 | 1.75 | 1.90 | 1.59 | 1.66 | ||
| 6.41 | 4.18 | 2.37 | 1.30 | 1.08 | 1.58 | 1.31 | ||
| 25.8% | 22.4% | 36.9% | 41.1% | 10.4% | 54.2% | 95.1% | ||
| 3.5% | 4.3% | 11.0% | 17.9% | 5.0% | 21.0% | 41.2% | ||
| 16.15 | 23.09 | 37.21 | 34.77 | - | - | - | ||
| 123 days | 103 days | 126 days | 85 days | 55 days | 92 days | 60 days | ||
| 118 days | 94 days | 105 days | 61 days | 41 days | 50 days | 44 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-08-2024 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 1 |
| part-time | 1 |
| in full-time equivalents | 1.5 |
| 0.9 | |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 0 |
Source: social balance sheet in the 2024 annual accounts
| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 | 31-08-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €7,046 | €8,462 | - | €1,340 |
| €3,435 | €2,797 | €1,218 | €995 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 7% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 80.7% to 86.5%. Equity is lower and debt is higher.
Deadline for the 2026 accounts: 31-03-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lambermontlaan 124 registered office 1030 Schaerbeek 43120 Site preparation | 26-01-2018 | 2.272.703.169 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21902A0424/00D003 | 288 m² | 1 · 109 m² | 14.8 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0688.941.807
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