PV CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of PV CONSTRUCT is 3.9% (moderate). The 2024 annual accounts show equity of €12,304 and a net result of €1,184. Equity has been stable since 2018 (±0.2% per year). Its solvency ranks better than 29% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-01-2005 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.144.958.822 1350 Orp-Jauche, since 30-12-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.9%
- Gross margin
- €18,872
- ▼ 16.9%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €1,184
- ▼ 84.2%
- Equity
- €12,304
- ▲ 10.6%
- Total assets
- €57,119
- ▼ 10.3%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 28-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 89 days late; 3 of the last 3 accounts lateLiquidity: current ratio 0.81, cash €479lowers riskFounded in 2005Show the evidence
Checked score
About 4 in 100 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 41, micro). It does better than 28% of them on solvency, 11% on liquidity, 45% on profitability and 55% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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 6 accounts on average 76 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 28-10-2025 PDF all 20 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 67% lower than in 2023.
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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). 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 and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €55,216 | €2,931 | €1,013 | €6,344 |
| Depreciation and write-downs of the year | €10,848 | €14,022 | €14,198 | €15,092 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as PV CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €48,900 and €67,200, founded between 2002 and 2006.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| PV CONSTRUCT Orp-Jauche | 2005 | €57,119 | €12,304 | €18,872 | €1,184 | 2024 |
| BOUWWERKEN BROSENS ERIK Hoogstraten | 2004 | €67,243 | €53,491 | €19,128 | €1,623 | 2025 |
| VGS Energie Mol | 2006 | €56,748 | €22,764 | €16,269 | €6,140 | 2025 |
| WATTIER & CLAUS CONSTRUCT Saint-Ghislain | 2002 | €53,648 | €49,426 | €19,539 | €14,925 | 2025 |
| Legrand Denis Seneffe | 2006 | €50,603 | €17,126 | €16,557 | €20 | 2025 |
| IDEAL PROJECT Charleroi | 2003 | €64,940 | -€30,726 | €16,350 | €16,141 | 2025 |
| FKW Construct Mechelen | 2006 | €48,896 | €38,704 | €16,892 | €12,869 | 2025 |
They were chosen from the 15,546 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, 3,984 companies had the same profile as PV CONSTRUCT has now. Two years later, 1.1% had gone bankrupt and 96.5% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PV CONSTRUCT itself is higher: 3.9% within 12 months. It rests on far more data about PV CONSTRUCT than the profile alone.
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 3,984 companies, not a prediction for PV 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €466 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,458 | €1,785 | €1,033 | €10,848 | €14,022 | €14,198 | €15,092 | ▲ 6.3% |
| Other operating charges640/8 | - | - | - | €2,834 | €1,786 | €1,184 | €1,505 | ▲ 27.2% |
| Gross operating margin9900 | €5,490 | €6,486 | €11,358 | €35,000 | -€11,385 | €22,716 | €18,872 | ▼ 16.9% |
| Operating profit (loss)9901 | €3,712 | €1,300 | €9,164 | €21,318 | -€27,193 | €6,868 | €2,275 | ▼ 66.9% |
| Financial income75/76B | - | - | - | €1,249 | €585 | €519 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,078 | €1,120 | €1,580 | €1,249 | €585 | €519 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €1,292 | €1,021 | €913 | €790 | ▼ 13.4% |
| Recurring financial charges65 | €903 | €1,577 | €1,275 | €1,292 | €1,021 | €913 | €790 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €3,888 | €843 | €9,469 | €21,275 | -€27,629 | €6,474 | €1,484 | ▼ 77.1% |
| Income taxes67/77 | €2,202 | €266 | €4,862 | €6,795 | - | -€1,016 | €300 | - |
| Profit (loss) for the period9904 | €1,685 | €577 | €4,606 | €14,480 | -€27,629 | €7,491 | €1,184 | ▼ 84.2% |
| Profit (loss) for the period to be appropriated9905 | €1,685 | €577 | €4,606 | €14,480 | -€27,629 | €7,491 | €1,184 | ▼ 84.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €15,106 | €28,767 | €36,588 | €160,577 | €59,751 | €63,709 | €57,119 | ▼ 10.3% |
| Fixed assets21/28 | €1,973 | €2,732 | €12,385 | €57,438 | €46,347 | €33,163 | €24,415 | ▼ 26.4% |
| Tangible fixed assets22/27 | €1,843 | €2,602 | €12,255 | €57,308 | €46,217 | €33,033 | €24,285 | ▼ 26.5% |
| Land and buildings22 | - | - | - | - | - | - | €1,302 | - |
| Plant, machinery and equipment23 | - | - | - | €8,932 | €8,507 | €6,133 | €7,912 | ▲ 29.0% |
| Furniture and vehicles24 | - | - | - | €48,376 | €37,711 | €26,900 | €15,071 | ▼ 44.0% |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €13,133 | €26,035 | €24,204 | €103,139 | €13,404 | €30,546 | €32,704 | ▲ 7.1% |
| Stocks and contracts in progress3 | - | €225 | €395 | €335 | €520 | €1,080 | €828 | ▼ 23.3% |
| Stocks30/36 | - | - | - | €335 | €520 | €1,080 | €828 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €11,038 | €14,827 | €9,221 | €101,961 | €12,884 | €25,483 | €30,346 | ▲ 19.1% |
| Trade receivables40 | - | - | - | €87,726 | €2,031 | €13,069 | €15,209 | ▲ 16.4% |
| Other amounts receivable41 | - | - | - | €14,235 | €10,853 | €12,414 | €15,137 | ▲ 21.9% |
| Cash at bank and in hand54/58 | €465 | €9,200 | €14,526 | - | - | - | €479 | - |
| Deferred charges and accrued income490/1 | - | - | - | €843 | - | €3,984 | €1,052 | ▼ 73.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €15,106 | €28,767 | €36,588 | €160,577 | €59,751 | €63,709 | €57,119 | ▼ 10.3% |
| Equity10/15 | €11,596 | €12,173 | €16,779 | €31,259 | €3,630 | €11,120 | €12,304 | ▲ 10.6% |
| Contributions10/11 | €18,400 | €18,400 | - | €18,400 | €18,400 | €18,400 | €18,400 | = |
| Reserves13 | €103 | €103 | €103 | €103 | €103 | €5,103 | €6,103 | ▲ 19.6% |
| Non-distributable reserves130/1 | - | - | - | €103 | €103 | €103 | €103 | = |
| Reserves not available under the articles1311 | - | - | - | €103 | €103 | €103 | €103 | = |
| Distributable reserves133 | - | - | - | - | - | €5,000 | €6,000 | ▲ 20.0% |
| Profit (loss) carried forward14 | -€6,907 | -€6,330 | -€1,723 | €12,756 | -€14,873 | -€12,382 | -€12,198 | ▲ 1.5% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €3,511 | €16,594 | €19,809 | €129,318 | €56,122 | €52,589 | €44,815 | ▼ 14.8% |
| Amounts payable after more than one year17 | - | - | €6,386 | €36,170 | €23,196 | €13,322 | €4,201 | ▼ 68.5% |
| Financial debts170/4 | - | - | - | €36,170 | €23,196 | €13,322 | €4,201 | ▼ 68.5% |
| Amounts payable within one year42/48 | €3,511 | €16,594 | €13,423 | €93,148 | €32,925 | €39,267 | €40,614 | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,147 | €13,240 | €9,874 | €9,122 | ▼ 7.6% |
| Financial debts43 | - | - | - | €9,129 | €8,620 | €2,232 | - | - |
| Credit institutions430/8 | - | - | - | €9,129 | €8,620 | €2,232 | - | - |
| Trade debts44 | €1,232 | €14,537 | €3,357 | €61,042 | €1,666 | €22,244 | €27,872 | ▲ 25.3% |
| Suppliers440/4 | - | - | - | €61,042 | €1,666 | €22,244 | €27,872 | ▲ 25.3% |
| Taxes, remuneration and social security45 | - | - | - | €9,830 | €9,400 | €4,917 | €3,620 | ▼ 26.4% |
| Taxes450/3 | - | - | - | €9,830 | €9,400 | €4,200 | €2,803 | ▼ 33.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €717 | €817 | ▲ 13.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,685 | €577 | €4,606 | €14,480 | -€27,629 | €7,491 | €1,184 | ▼ 84.2% |
| + Depreciation and write-downs630 | €2,458 | €1,785 | €1,033 | €10,848 | €14,022 | €14,198 | €15,092 | ▲ 6.3% |
| Operating cash flow (approximation) | €4,143 | €2,363 | €5,640 | €25,327 | -€13,607 | €21,688 | €16,276 | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | -€2,544 | -€10,686 | -€55,901 | -€2,931 | -€1,013 | -€6,344 | ▼ 526% |
| Change in cash | - | €8,736 | €5,326 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-10-2025 | 2025-00551066 | |
| 31-12-2023 | micro format | 19-11-2024 | 2024-00601505 | |
| 31-12-2022 | micro format | 29-11-2023 | 2023-00519188 | |
| 31-12-2021 | micro format | 05-10-2022 | 2022-20451433 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61800197 | |
| 31-12-2019 | micro format | 09-09-2020 | 2020-53000149 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62900335 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-60300090 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-57400056 | |
| 31-12-2015 | full format | 09-09-2016 | 2016-59500088 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 27-06-2024 Converted to unavailable equity · €18,503
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Pascal VINCENT |
|
Network & group
PV CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PV CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-06
Gazette deed
Change of role: Pascal VINCENT, from manager to statutory directorAmendment of the articles · Capital conversion · Director discharge10 points ▸
- General meeting, “assemblée générale extraordinaire, société à responsabilité limitée” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Director resignation, Pascal VINCENT (manager)
- Director appointment, Pascal VINCENT (statutory director), mentioned 2 times in the deed
- Director discharge, Pascal VINCENT (gérant démissionnaire)
- Capital
- Registered office clause, “1350 Orp-Jauche, rue Joseph Jadot”, 77 (deed in French)
- Power of attorney, Jean-François CAYPHAS
- Power of attorney, Pascal VINCENT
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
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 0871.360.007
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25082D0364/00H000 | Wallonia | 1,152 m² | 1 · 138 m² | 9.6 m · 3 |