PV CONSTRUCT
ActivePV CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €1k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 29% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-12
Solvency47▲+5
Growth52▼-6
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.78 in 2023; short-term debt: 71.1% and cash: 0.8% of total assets), and 78.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.5%
Return on assets
2.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
111 d late
2022
121 d late
2021
66 d late
2020
30 d late
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€12k▲ 10.6%
2023 · €11k
2018: €12k
2019: €12k
2020: €17k
2021: €31k
2022: €4k
2023: €11k
2018 → 2024
Total assets
€57k▼ 10.3%
2023 · €64k
2018: €15k
2019: €29k
2020: €37k
2021: €161k
2022: €60k
2023: €64k
2018 → 2024
Net result
€1k▼ 84.2%
2023 · €7k
2018: €2k
2019: €577
2020: €5k
2021: €14k
2022: €-28k
2023: €7k
2018 → 2024
Working capital
€-8k▲ 9.3%
2023 · €-9k
2018: €10k
2019: €9k
2020: €11k
2021: €10k
2022: €-20k
2023: €-9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€17k-€31k▲ 86.3%€4k▼ 88.4%€11k▲ 206%€12k▲ 10.6%
Operating result€9k-€21k▲ 133%€-27k€7k€2k▼ 66.9%
Net result€5k-€14k▲ 214%€-28k€7k€1k▼ 84.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€24k▼ 26.4%
Current assets
€33k▲ 7.1%
Equity and liabilities €57k
Equity
€12k▲ 10.6%
Debt
€45k▼ 14.8%
The debt ratio falls from 82.5% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2023 · €21k
Cash flow
€16k▼
2023 · €22k
Solvency
21.5%▲
2023 · 17.5%
Current ratio
0.81▲
2023 · 0.78
Quick ratio
0.78▲
2023 · 0.75
Debt / equity
3.64▼
2023 · 4.73
ROE
9.6%▼
2023 · 67.4%
ROA
2.1%▼
2023 · 11.8%
Interest coverage
21.97▼
2023 · 23.08
Debt
€45k▼
2023 · €53k
Debt ≤ 1 year
€41k▲
2023 · €39k
Debt > 1 year
€4k▼
2023 · €13k
Income taxes
€300▲
2023 · €-1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€64k€57k▼
Fixed assets21/28€33k€24k▼
Tangible fixed assets22/27€33k€24k▼
Land and buildings22-€1k
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€27k€15k▼
Financial fixed assets28€130€130=
Current assets29/58€31k€33k▲
Stocks and contracts in progress3€1k€828▼
Stocks30/36€1k€828▼
Amounts receivable within one year40/41€25k€30k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€12k€15k▲
Cash at bank and in hand54/58-€479
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€64k€57k▼
Equity10/15€11k€12k▲
Contributions10/11€18k€18k=
Reserves13€5k€6k▲
Non-distributable reserves130/1€103€103=
Reserves not available under the articles1311€103€103=
Distributable reserves133€5k€6k▲
Profit (loss) carried forward14€-12k€-12k▲
Amounts payable17/49€53k€45k▼
Amounts payable after more than one year17€13k€4k▼
Financial debts170/4€13k€4k▼
Amounts payable within one year42/48€39k€41k▲
Current portion of amounts payable after more than one year42€10k€9k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€22k€28k▲
Suppliers440/4€22k€28k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€717€817▲
Income statement
Code20232024
Remuneration, social security and pensions62€466-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€23k€19k▼
Operating profit (loss)9901€7k€2k▼
Financial income75/76B€519€0▼
Recurring financial income75€519€0▼
Financial charges65/66B€913€790▼
Recurring financial charges65€913€790▼
Profit (loss) for the period before taxes9903€6k€1k▼
Income taxes67/77€-1k€300▲
Profit (loss) for the period9904€7k€1k▼
Profit (loss) for the period to be appropriated9905€7k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-11k▼
Profit (loss) brought forward from the previous period14P€-15k€-12k▲
Transfer to equity691/2€5k€1k▼
To other reserves6921€5k€1k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 111 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Weakest financial yearnet €-28k ▼291%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲214%
Operating result €21k, net result €14k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Orp-Jauche · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Joseph Jadot(O) 771350 Orp-JaucheGround area
1,152 m²
Building footprint
138 m²
Volume, LiDAR
1,105 m³
Parcel 25082D0364/00H000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PV CONSTRUCT SPRL
since 20042.144.958.822
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25082D0364/00H000 | Wallonia | 1,152 m² | 1 · 138 m² | 9.6 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 29,810 companies in sector 41001 we hold annual accounts for 16,041. 10,023 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2005
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:0477/735712
Fax:019/636151