PUBLIC CONSTRUCT
ActivePUBLIC CONSTRUCT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458k and a net result of €109k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 390 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+19
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.62 against 1.46 in 2024), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
77.7%
Return on assets
18.4%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
5 d late
2023
27 d late
2022
3 d early
2021
30 d early
2020
31 d late
2019
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
09-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€458k▲ 31.1%
2024 · €350k
2018: €64k
2019: €75k
2020: €76k
2021: €88k
2022: €117k
2023: €181k
2024: €350k
2018 → 2025
Total assets
€590k▼ 18.9%
2024 · €728k
2018: €764k
2019: €975k
2020: €701k
2021: €689k
2022: €552k
2023: €571k
2024: €728k
2018 → 2025
Net result
€109k▼ 35.7%
2024 · €169k
2018: €29k
2019: €11k
2020: €1k
2021: €12k
2022: €29k
2023: €64k
2024: €169k
2018 → 2025
Working capital
€241k▲ 69.7%
2024 · €142k
2018: €-39k
2019: €-23k
2020: €-9k
2021: €-6k
2022: €-14k
2023: €52k
2024: €142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€117k▲ 33.5%€181k▲ 54.2%€350k▲ 93.5%€458k▲ 31.1%
Operating result€37k-€55k▲ 48.5%€108k▲ 97.8%€262k▲ 141%€153k▼ 41.4%
Net result€12k-€29k▲ 149%€64k▲ 116%€169k▲ 166%€109k▼ 35.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €590k
Fixed assets
€257k▼ 7.0%
Current assets
€333k▼ 26.3%
Equity and liabilities €590k
Equity
€458k▲ 31.1%
Debt
€132k▼ 65.2%
The debt ratio falls from 52.0% to 22.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€230k▼
2024 · €325k
Cash flow
€186k▼
2024 · €233k
Solvency
77.7%▲
2024 · 48.0%
Current ratio
3.62▲
2024 · 1.46
Quick ratio
2.75▲
2024 · 1.46
Debt / equity
0.29▼
2024 · 1.08
ROE
23.7%▼
2024 · 48.3%
ROA
18.4%▼
2024 · 23.2%
Interest coverage
18.42▼
2024 · 19.70
Debt
€132k▼
2024 · €378k
Debt ≤ 1 year
€92k▼
2024 · €310k
Debt > 1 year
€40k▼
2024 · €69k
Income taxes
€37k▼
2024 · €82k
Staff costs
€73k▲
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€728k€590k▼
Fixed assets21/28€276k€257k▼
Intangible fixed assets21€670€427▼
Tangible fixed assets22/27€273k€254k▼
Land and buildings22€55k€52k▼
Plant, machinery and equipment23€81k€78k▼
Furniture and vehicles24€133k€123k▼
Leasing and similar rights25€4k€0▼
Financial fixed assets28€3k€3k=
Current assets29/58€452k€333k▼
Stocks and contracts in progress3€0€80k▲
Stocks30/36€0-
Contracts in progress37-€80k
Amounts receivable within one year40/41€386k€118k▼
Trade receivables40€300k€10k▼
Other amounts receivable41€86k€108k▲
Cash at bank and in hand54/58€66k€135k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€728k€590k▼
Equity10/15€350k€458k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€246k€246k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€240k€240k=
Profit (loss) carried forward14€42k€151k▲
Amounts payable17/49€378k€132k▼
Amounts payable after more than one year17€69k€40k▼
Financial debts170/4€69k€40k▼
Amounts payable within one year42/48€310k€92k▼
Current portion of amounts payable after more than one year42€34k€29k▼
Financial debts43€100k€37▼
Credit institutions430/8€100k€37▼
Trade debts44€125k€53k▼
Suppliers440/4€125k€53k▼
Taxes, remuneration and social security45€50k€10k▼
Taxes450/3€43k€243▼
Remuneration and social security454/9€7k€10k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€12k€13k▲
Remuneration, social security and pensions62€68k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€77k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€398k€307k▼
Operating profit (loss)9901€262k€153k▼
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€17k€12k▼
Recurring financial charges65€17k€12k▼
Profit (loss) for the period before taxes9903€251k€146k▼
Income taxes67/77€82k€37k▼
Profit (loss) for the period9904€169k€109k▼
Profit (loss) for the period to be appropriated9905€169k€109k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€151k▼
Profit (loss) brought forward from the previous period14P€42k€42k=
Transfer to equity691/2€169k€0▼
To other reserves6921€169k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity doublescurrent ratio 3.62
Current ratio from 1.46 to 3.62; short-term debt falls from €310k to €92k.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
30-09
Financial
Highest result since 2018net €169k ▲166%
Operating result €262k, net result €169k, both a record.
30-09
Financial
Equity above €200kEq €350k ▲93.5%
7 profitable years in a row build equity to €350k.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
30-09
Financial
Equity above €150kEq €181k ▲54.2%
6 profitable years in a row build equity to €181k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €100kEq €117k ▲33.5%
5 profitable years in a row build equity to €117k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
Financial
Weakest financial yearnet €1k ▼89.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 4 days late
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ardooie · 1 establishment unit since 2003
Ground area
133 m²
Building footprint
319 m²
Volume, LiDAR
2,285 m³
Parcel 37005B0176/03T000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PUBLIC CONSTRUCT
since 20032.123.240.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005B0176/03T000 | Flanders | 133 m² | 1 · 319 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 386 companies in sector 42990 we hold annual accounts for 179. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-01-2003
Fiscal year end30-09
Activities, NACEBEL
01410Raising of dairy cattle
42990Civil engineering
46499Wholesale of other household goods
51478
81300Landscape service activities
45230
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
70220Business consulting
71111Activities of building architects
74142
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.