REAL CONSTRUCT
ActiveSummary
REAL CONSTRUCT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123k and a net result of €47k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+16
Solvency66▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.44 in 2023; short-term debt: 25% of total assets), and 59.3% of the assets are financed with debt.
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Signals
Three 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
54 d late
2023
58 d late
2022
30 d late
2021
31 d late
2020
19 d early
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, abbreviated schema
Equity
€123k▲ 45.7%
2023 · €85k
Total assets
€303k▼ 0.6%
2023 · €305k
Net result
€47k▲ 442%
2023 · €9k
Working capital
€-17k▲ 70.2%
2023 · €-56k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€20k▼ 72.1%€-2k€19k€19k▼ 1.9%€69k▲ 268%
Net result€10k▼ 81.4%€-11k€8k€9k▲ 11.7%€47k▲ 442%
Equity€81k▲ 12.3%€70k▼ 14.0%€77k▲ 10.0%€85k▲ 10.2%€123k▲ 45.7%
Total assets€352k▼ 2.2%€345k▼ 2.0%€314k▼ 8.9%€305k▼ 3.0%€303k▼ 0.6%
Debt€271k▼ 5.8%€275k▲ 1.6%€238k▼ 13.7%€220k▼ 7.2%€180k▼ 18.4%
Working capital€-61k▼ 11.6%€-80k▼ 32.0%€-71k▲ 11.6%€-56k▲ 20.9%€-17k▲ 70.2%
Staff (FTE)2.6▼ 7.1%2.1▼ 19.2%2.8▲ 33.3%2.7▼ 3.6%2▼ 25.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 268% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €303k
Fixed assets
€244k ▼ 6.3%
Current assets
€59k ▲ 32.5%
Equity and liabilities €303k
Equity
€123k ▲ 45.7%
Debt
€180k ▼ 18.4%
Debt's share of the balance-sheet total falls from 72.3% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2023 · €38k
Cash flow
€64k▲
2023 · €28k
Current ratio
0.78▲
2023 · 0.44
Quick ratio
0.75▲
2023 · 0.42
Debt to equity
1.46▼
2023 · 2.61
ROE
38.2%▲
2023 · 10.3%
ROA
15.5%▲
2023 · 2.8%
Interest coverage
16.15▲
2023 · 6.52
Debt ≤ 1 year
€76k▼
2023 · €101k
Debt > 1 year
€100k▼
2023 · €114k
Income taxes
€17k▲
2023 · €4k
Staff costs
€88k▼
2023 · €134k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6k | - |
| Remuneration, social security and pensions62 | - | €105k | €141k | €134k | €88k | ▼ 33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €19k | €20k | €20k | €17k | ▼ 13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-2k | - | - |
| Other operating charges640/8 | - | €4k | €3k | €4k | €3k | ▼ 37.8% |
| Gross operating margin9900 | €153k | €126k | €183k | €174k | €177k | ▲ 1.6% |
| Operating profit (loss)9901 | €20k | €-2k | €19k | €19k | €69k | ▲ 268% |
| Financial income75/76B | - | €609 | €165 | €266 | €428 | ▲ 61.0% |
| Recurring financial income75 | €153 | €609 | €165 | €266 | €428 | ▲ 61.0% |
| Financial charges65/66B | - | €9k | €8k | €6k | €5k | ▼ 9.6% |
| Recurring financial charges65 | €6k | €9k | €8k | €6k | €5k | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €14k | €-10k | €11k | €13k | €64k | ▲ 389% |
| Income taxes67/77 | €4k | €258 | €3k | €4k | €17k | ▲ 285% |
| Profit (loss) for the period9904 | €10k | €-11k | €8k | €9k | €47k | ▲ 442% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-11k | €8k | €9k | €47k | ▲ 442% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352k | €345k | €314k | €305k | €303k | ▼ 0.6% |
| Fixed assets21/28 | €277k | €299k | €279k | €260k | €244k | ▼ 6.3% |
| Intangible fixed assets21 | - | €2k | €1k | €960 | €480 | ▼ 50.0% |
| Tangible fixed assets22/27 | €277k | €297k | €278k | €259k | €243k | ▼ 6.2% |
| Land and buildings22 | - | €252k | €245k | €238k | €231k | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €5k | €4k | €2k | - | - |
| Furniture and vehicles24 | - | €40k | €29k | €18k | €11k | ▼ 38.3% |
| Financial fixed assets28 | - | - | - | €724 | €724 | = |
| Current assets29/58 | €75k | €46k | €35k | €45k | €59k | ▲ 32.5% |
| Amounts receivable after more than one year29 | - | €486 | €724 | - | - | - |
| Other amounts receivable291 | - | €486 | €724 | - | - | - |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €2k | €2k | ▼ 24.4% |
| Stocks30/36 | - | €2k | €2k | €2k | €2k | ▼ 24.4% |
| Amounts receivable within one year40/41 | €37k | €41k | €26k | €34k | €46k | ▲ 33.5% |
| Trade receivables40 | - | €38k | €25k | €34k | €45k | ▲ 32.2% |
| Other amounts receivable41 | - | €3k | €436 | €322 | €862 | ▲ 168% |
| Current investments50/53 | - | - | - | - | €10 | - |
| Cash at bank and in hand54/58 | €34k | - | €4k | - | - | - |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €8k | €11k | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352k | €345k | €314k | €305k | €303k | ▼ 0.6% |
| Equity10/15 | €81k | €70k | €77k | €85k | €123k | ▲ 45.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €62k | €51k | €58k | €66k | €105k | ▲ 58.6% |
| Distributable reserves133 | - | €51k | €58k | €66k | €105k | ▲ 58.6% |
| Amounts payable17/49 | €271k | €275k | €238k | €220k | €180k | ▼ 18.4% |
| Amounts payable after more than one year17 | €135k | €149k | €132k | €114k | €100k | ▼ 12.0% |
| Financial debts170/4 | - | €149k | €132k | €114k | €100k | ▼ 12.0% |
| Amounts payable within one year42/48 | €136k | €127k | €106k | €101k | €76k | ▼ 24.8% |
| Current portion of amounts payable after more than one year42 | - | €17k | €17k | €18k | €14k | ▼ 22.8% |
| Financial debts43 | - | €6k | - | €55 | €10k | ▲ 17,576% |
| Credit institutions430/8 | - | €6k | - | €55 | €10k | ▲ 17,576% |
| Trade debts44 | €29k | €14k | €13k | €25k | €11k | ▼ 55.7% |
| Suppliers440/4 | - | €14k | €13k | €25k | €11k | ▼ 55.7% |
| Taxes, remuneration and social security45 | - | €32k | €29k | €33k | €24k | ▼ 28.1% |
| Taxes450/3 | - | €7k | €2k | €10k | €17k | ▲ 62.5% |
| Remuneration and social security454/9 | - | €25k | €26k | €23k | €7k | ▼ 69.5% |
| Other amounts payable47/48 | - | €58k | €47k | €25k | €17k | ▼ 29.7% |
| Accrued charges and deferred income492/3 | - | - | - | €6k | €4k | ▼ 33.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-11k | €8k | €9k | €47k | ▲ 442% |
| + Depreciation and write-downs630 | €14k | €19k | €20k | €20k | €17k | ▼ 13.2% |
| Operating cash flow (approximation) | €24k | €8k | €27k | €28k | €64k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €-41k | €0 | €-725 | €-660 | ▲ 8.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 54 days late
2024
31-12
Financial
Equity above €100kEq €123k ▲45.7%
3 profitable years in a row build equity to €123k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €52k ▲1,083%
Operating result €70k, net result €52k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kontich · 1 establishment unit since 1996
Ground area
5.2 ha
Building footprint
5,358 m²
Volume, LiDAR
46,640 m³
Parcel 11024B0077/00M000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
REAL CONSTRUCT
since 19962.074.996.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0077/00M000 | Flanders | 5.2 ha | 1 · 5,358 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.