PUTS CONSTRUCT
ActiveFrom the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PUTS CONSTRUCT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,803 and a net result of €46,094. Equity has been growing by about 8.4% per year since 2018. Its solvency ranks better than 65% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
KBO- Status
- Active since 23-06-2017 Normal situation
- Activity
- Manufacture of metal structures and parts of structures NACE 25110and 1 other
- Establishment unit
- 2.265.970.676 9290 Berlare, since 23-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €89,557
- ▼ 6.7%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €46,094
- ▼ 9.5%
- Equity
- €111,803
- ▼ 30.9%
- Total assets
- €186,944
- ▼ 17.7%
Score breakdownraises riskLast filed accounts filed 59 days late; 3 of the last 3 accounts lateSize: total assets €186,944lowers riskLiquidity: current ratio 1.61, cash €65,624Equity €111,803 (59.8% of total assets)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 25, micro). It does better than 65% of them on solvency, 78% on liquidity, 89% on profitability and 13% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527876.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 9 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 10% lower than in 2024. It is the third fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as PUTS CONSTRUCT: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €153,000 and €245,000, founded between 2015 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| PUTS CONSTRUCT Berlare | 2017 | €186,944 | €111,803 | €89,557 | €46,094 | 2025 |
| HB Motors Aalter | 2018 | €188,621 | €180,711 | €105,809 | €67,965 | 2025 |
| JJM Peer | 2018 | €211,805 | €102,984 | €93,409 | €9,262 | 2025 |
| DUR COMME FER Metal Kraainem | 2015 | €170,768 | €23,350 | €75,802 | €968 | 2025 |
| LASWERKEN IMPENS Wetteren | 2018 | €182,682 | €132,840 | €117,131 | €77,293 | 2025 |
| MDM Projects Eeklo | 2019 | €152,764 | €94,162 | €92,541 | €57,215 | 2025 |
| VH Engineering Brakel | 2016 | €244,744 | €57,415 | €78,361 | €6,007 | 2025 |
They were chosen from the 2,093 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 26,972 companies had the same profile as PUTS CONSTRUCT has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PUTS CONSTRUCT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,445 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 26,972 companies, not a prediction for PUTS 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12,409 | €3,446 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €41,456 | €38,722 | €27,755 | €3,638 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,400 | €11,297 | €7,902 | €12,673 | €13,156 | €12,651 | €24,098 | €27,377 | ▲ 13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €10,715 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €1,095 | €1,666 | €4,002 | €3,408 | €3,636 | ▲ 6.7% |
| Gross operating margin9900 | €40,152 | €45,614 | €116,537 | €106,101 | €130,308 | €125,187 | €96,022 | €89,557 | ▼ 6.7% |
| Operating profit (loss)9901 | €30,313 | €33,766 | €70,924 | €50,877 | €76,764 | €70,063 | €64,877 | €58,545 | ▼ 9.8% |
| Financial income75/76B | - | - | - | €386 | €574 | €623 | €1,158 | €1,170 | ▲ 1.0% |
| Recurring financial income75 | €1 | €1,445 | €891 | €386 | €574 | €623 | €1,158 | €1,170 | ▲ 1.0% |
| Financial charges65/66B | - | - | - | €1,355 | €1,017 | €1,231 | €2,256 | €1,430 | ▼ 36.6% |
| Recurring financial charges65 | €45 | €551 | €1,281 | €1,355 | €1,017 | €1,231 | €2,256 | €1,430 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €30,269 | €34,661 | €70,534 | €49,908 | €76,321 | €69,454 | €63,779 | €58,285 | ▼ 8.6% |
| Income taxes67/77 | €6,152 | €9,961 | €17,997 | €10,242 | €15,853 | €15,662 | €12,846 | €12,191 | ▼ 5.1% |
| Profit (loss) for the period9904 | €24,117 | €24,700 | €52,537 | €39,666 | €60,468 | €53,792 | €50,932 | €46,094 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €24,117 | €24,700 | €52,537 | €39,666 | €60,468 | €53,792 | €50,932 | €46,094 | ▼ 9.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €133,021 | €128,267 | €146,773 | €160,298 | €185,292 | €203,178 | €227,064 | €186,944 | ▼ 17.7% |
| Fixed assets21/28 | €14,775 | €11,534 | €29,349 | €34,830 | €55,597 | €109,223 | €109,318 | €84,445 | ▼ 22.8% |
| Tangible fixed assets22/27 | €14,775 | €11,534 | €29,349 | €33,770 | €54,537 | €108,163 | €108,258 | €83,385 | ▼ 23.0% |
| Land and buildings22 | - | - | - | €13,594 | €37,500 | €33,180 | €28,860 | €24,540 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | - | - | €5,681 | €7,501 | €7,764 | €6,120 | €3,606 | ▼ 41.1% |
| Furniture and vehicles24 | - | - | - | €1,675 | €9,536 | €4,516 | €23,543 | €18,471 | ▼ 21.5% |
| Leasing and similar rights25 | - | - | - | €12,820 | €0 | €62,703 | €49,736 | €36,769 | ▼ 26.1% |
| Financial fixed assets28 | - | - | - | €1,060 | €1,060 | €1,060 | €1,060 | €1,060 | = |
| Current assets29/58 | €118,246 | €116,733 | €117,425 | €125,469 | €129,695 | €93,955 | €117,746 | €102,498 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €41,437 | €43,014 | €32,963 | €40,172 | €41,415 | €39,101 | €74,588 | €32,986 | ▼ 55.8% |
| Trade receivables40 | - | - | - | €24,734 | €28,058 | €21,751 | €38,787 | €15,909 | ▼ 59.0% |
| Other amounts receivable41 | - | - | - | €15,438 | €13,357 | €17,350 | €35,801 | €17,077 | ▼ 52.3% |
| Cash at bank and in hand54/58 | €75,921 | €71,006 | €77,768 | €80,944 | €82,822 | €52,246 | €41,115 | €65,624 | ▲ 59.6% |
| Deferred charges and accrued income490/1 | - | - | - | €4,352 | €5,458 | €2,608 | €2,043 | €3,889 | ▲ 90.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €133,021 | €128,267 | €146,773 | €160,298 | €185,292 | €203,178 | €227,064 | €186,944 | ▼ 17.7% |
| Equity10/15 | €68,747 | €68,447 | €104,318 | €94,318 | €81,031 | €110,823 | €161,755 | €111,803 | ▼ 30.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €50,147 | €49,847 | €85,718 | €75,718 | €62,431 | €62,431 | €143,155 | €1,860 | ▼ 98.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €73,858 | €60,571 | €60,571 | €143,155 | €1,860 | ▼ 98.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €29,792 | €0 | €91,343 | - |
| Amounts payable17/49 | €64,274 | €59,820 | €42,456 | €65,981 | €104,261 | €92,354 | €65,309 | €75,141 | ▲ 15.1% |
| Amounts payable after more than one year17 | - | - | €12,343 | €8,946 | €0 | €37,382 | €24,666 | €11,435 | ▼ 53.6% |
| Financial debts170/4 | - | - | - | €8,946 | €0 | €37,382 | €24,666 | €11,435 | ▼ 53.6% |
| Amounts payable within one year42/48 | €64,274 | €59,820 | €30,113 | €57,034 | €104,261 | €54,972 | €40,642 | €63,706 | ▲ 56.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,397 | €0 | €11,221 | €11,676 | €13,231 | ▲ 13.3% |
| Trade debts44 | €4,992 | €18,708 | €5,913 | €8,371 | €7,671 | €13,743 | €23,247 | €15,474 | ▼ 33.4% |
| Suppliers440/4 | - | - | - | €8,371 | €7,671 | €13,743 | €23,247 | €15,474 | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,601 | €33,899 | €9,608 | €5,720 | €6,300 | ▲ 10.1% |
| Taxes450/3 | - | - | - | €3,228 | €27,167 | €7,025 | €3,137 | €6,300 | ▲ 101% |
| Remuneration and social security454/9 | - | - | - | €2,373 | €6,732 | €2,583 | €2,583 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €39,666 | €62,691 | €20,400 | €0 | €28,700 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,117 | €24,700 | €52,537 | €39,666 | €60,468 | €53,792 | €50,932 | €46,094 | ▼ 9.5% |
| + Depreciation and write-downs630 | €9,400 | €11,297 | €7,902 | €12,673 | €13,156 | €12,651 | €24,098 | €27,377 | ▲ 13.6% |
| Operating cash flow (approximation) | €33,517 | €35,998 | €60,439 | €52,339 | €73,624 | €66,444 | €75,031 | €73,470 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€8,057 | -€25,716 | -€18,154 | -€33,923 | -€66,277 | -€24,194 | -€2,503 | ▲ 89.7% |
| Change in cash | - | -€4,915 | €6,763 | €3,176 | €1,878 | -€30,576 | -€11,131 | €24,510 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00527876 | NBB |
| 31-12-2024 | micro format | 08-10-2025 | 2025-00535998 | |
| 31-12-2023 | micro format | 26-09-2024 | 2024-00476872 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00389577 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20384039 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49100387 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42500552 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50200481 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49900577 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PUTS Wendy Etienne Mariette |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, aantal,duur van opdracht en,indien meerdere bestuurders,bevoegdheid”
Articles of association, deed of 30-11-2023 (in Dutch)
Network & group
PUTS CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PUTS CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-11
Gazette deed
Resignation: PUTS Wendy Etienne Mariette (manager)Appointment: PUTS Wendy Etienne Mariette (director) · Capital conversion · Amendment of the articles10 points ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering der aandeelhouders” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, PUTS Wendy Etienne Mariette (manager)
- Director appointment, PUTS Wendy Etienne Mariette (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder, algemene vergadering zal beslissen op volgende jaarvergadering over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “9290 Berlare,Dorp 111” (deed in Dutch)
- Power of attorney, Johan Dedoncker
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202513 activities
- Zelfstandige werkplaats voor algemene mechaniek, fabricatie van speciale uitrusting voor de metaal- en diamantnijverheid, van machines, toestellen en uitrusting voor mijnbouw en aanverwante bedrijven, van werktuigmachines en van machines voor het bewerken van hout, oboniet, kurk en been, van werktuigmachines voor metaalbewerking, van machines, toestellen en uitrusting voor scheikundige nijverheid en de behandeling van water, voor de koeltechniek, voor de voedings- en tabaksnijverheid, voor wasserijen en werkplaatsen voor het verven en ontvetten, voor de nijverheid van de niet-metaalhoudende delfstoffen, voor de papiernijverheid en de grafische kunst, fabricatie van machines en toestellen voor toepassing van de zuurstofacetyleenvlam, van machinetoebehoren, van radarwerk, tandwielkasten en transmissieonderdelen, van stoomketels en vaten onder druk, van weegtoestellen, van hef- en transporttoestellen, van materiaal voor burgerlijke bouwkunde, van niet-elektrische ovens en drooginstallaties, van drijfkrachtmachines, van pneumatische machines, van hydraullische machines, van artikelen uit plaatijzer voor industrieel of voor professioneel gebruik, van klein vakwerk en van klein ketelwerk, werkplaats voor het bouwen van niet aan druk onderworpen ketelwerk, van schilderwerk met betrekking tot het verwerkte materieel.
- De vennootschap zal alle roerende en onroerende goederen, materialen, inrichtingen, installaties, mogen aankopen, bouwen, oprichten, stichten, uitbaten, huren, verhuren, verkopen, ruilen, met het oog op de verwezenlijking van haar voorwerp.
- De engineering, ontwikkeling, productie, commercialisatie, vertegenwoordiging, dienstverlening met betrekking tot welkdanige roerende goederen, materieel, machines en outillage. Het geven van adviezen, het maken van studies, het voorbereiden en op gang brengen van organisatiesystemen, het in toepassing brengen van systemen voor gegevensverwerking en alle technieken in verband met het technisch administratief economisch en algemeen beheer van ondernemingen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Beheer en management van vennootschappen.
- De vennootschap mag tevens alle roerende, onroerende handelingen, financiële of burgerrechtelijke handelingen verrichten, in het algemeen en ook deze die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- De vennootschap kan alle verrichtingen doen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer, uitbreiding, verfraaiing en transformatie van een eigen roerend en onroerend patrimonium.
- De algemene vergadering van de aandeelhouders kan het voorwerp van de vennootschap uitleggen, verklaren en uitbreiden, mits zich te schikken naar de wettelijke bepalingen terzake.
- De vennootschap mag tevens alle roerende en onroerende handelingen verrichten in het algemeen en ook deze die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Onder bovengestelde beperkingen mag zij alle financiële, roerende en onroerende handelingen die hetzelfde, een soortgelijk of samenhangend voorwerp hebben, of die de ontwikkeling van haar activiteiten kunnen bevorderen.
- De vennootschap zal zich mogen interesseren, door middel van inbreng, versmelting, deelname of anderszins, zowel in België als in het buitenland, in alle bestaande of op te richten vennootschappen en ondernemingen die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in innig verband met het hare staat.
- De vennootschap mag op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen, die hetzelfde, een soortgelijk of een samenhangend voorwerp hebben, of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen leveren of de afzet van haar producten kunnen vergemakkelijken.
- Op algemene wijze mag zij allerhande commerciële, industriële, financiële, roerende en onroerende verrichtingen uitvoeren, welke rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42003B0431/00B000 | Flanders | 682 m² | 1 · 139 m² | 12.5 m · 3 |