Equity
Equity fell by 84% in 5 years.
Equity fell by 84% in 5 years.
The micro format states no turnover.
Short-term debts fell from €2,618 to €200.
Three of the last ten came late. The 2024 accounts came latest: 194 days after the end of the period.
Higher solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 90% of them on solvency, 72% on liquidity, 92% on profitability and 95% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 34,693 companies had the same profile as SCONSTRUCT has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of SCONSTRUCT itself: 0.5% within 12 months.
The method was tested on the 497,447 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 34,693 companies, not a prediction for SCONSTRUCT. 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.
Liquidity is ample, with a current ratio of 60.83 (2.97 in 2024), above the usual 1.5. Short-term debt is 1.6% and cash 19% of total assets. 1.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SCONSTRUCT Asse | €12,165 | €8,545 | 98.4% | - |
| KONILAKS GROUP Ghent | €11,660 | €8,708 | 30.6% | - |
| MARTENS EN CO Zele | €14,191 | €6,555 | -114.0% | - |
| Peter Indeherberge Zonhoven | €18,891 | €7,569 | -326.0% | - |
| Concept Group Antwerp | €18,628 | €13,672 | -124.1% | - |
| T CLEAN Mouscron | €13,311 | €7,542 | -23.8% | - |
| BUDPROTECT Antwerp | €19,917 | €12,824 | 31.2% | - |
These companies have the same main activity as SCONSTRUCT: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €11,700 and €19,900, founded between 2010 and 2018.
SCONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €2,935 in 2014 to €8,545 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €85,000. Estimated: probably between €50,000 and €180,000.
Higher than 95% of 35,119 companies in 2025.
Higher than 95% of 34,493 companies in 2025.
Higher than 95% of 34,694 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
12,165 | 7,776 | 8,501 | 19,070 | 52,191 | 127,316 | 189,890 | 112,149 | 53,886 | 74,997 | 36,771 | 11,450 | |
21/28 |
- | - | - | - | 4,340 | 44,836 | 21,921 | 28,026 | 19,480 | 17,706 | 23,375 | 4,229 | |
22/27 |
- | - | - | - | - | 40,497 | 17,582 | 28,026 | 19,480 | 17,706 | 23,375 | 4,229 | |
23 |
- | - | - | - | - | 4,535 | - | 846 | 3,129 | 6,833 | 9,892 | 3,954 | |
24 |
- | - | - | - | - | 35,962 | 17,582 | 27,180 | 16,351 | 10,873 | 13,484 | 275 | |
28 |
- | - | - | - | 4,340 | 4,340 | 4,340 | - | - | - | - | - | |
29/58 |
12,165 | 7,776 | 8,501 | 19,070 | 47,851 | 82,480 | 167,968 | 84,123 | 34,406 | 57,291 | 13,396 | 7,221 | |
29 |
- | - | - | - | 2,614 | 7,357 | 329 | - | - | - | - | - | |
291 |
- | - | - | - | 2,614 | 7,357 | 329 | - | - | - | - | - | |
3 |
- | - | - | - | - | 20,741 | 76,974 | - | - | - | - | - | |
30/36 |
- | - | - | - | - | 20,741 | 76,974 | - | - | - | - | - | |
40/41 |
9,851 | 6,138 | 5,840 | 16,383 | 25,050 | 35,188 | 51,676 | 59,432 | 26,330 | 16,545 | 5,520 | 4,450 | |
40 |
5,123 | 1,156 | 1,156 | - | - | 33,262 | 18,711 | 39,254 | 18,466 | 15,017 | - | 2,095 | |
41 |
4,728 | 4,981 | 4,684 | 16,383 | 25,050 | 1,926 | 32,965 | 20,178 | 7,864 | 1,528 | 5,520 | 2,355 | |
54/58 |
2,314 | 1,638 | 2,661 | 2,687 | 20,187 | 804 | - | 7,649 | 8,075 | 40,746 | 7,876 | 2,771 | |
490/1 |
- | - | - | - | - | 18,389 | 38,989 | 17,042 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
12,165 | 7,776 | 8,501 | 19,070 | 52,191 | 127,316 | 189,890 | 112,149 | 53,886 | 74,997 | 36,771 | 11,450 | |
10/15 |
11,965 | 4,203 | 5,836 | 15,827 | 16,760 | 74,021 | 48,446 | 39,962 | 37,989 | 33,359 | 19,737 | 6,577 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
42,522 | 42,522 | 42,522 | 42,522 | 42,522 | 67,821 | 42,246 | 33,762 | 31,789 | 27,159 | 13,537 | 377 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 377 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
40,662 | 40,662 | 40,662 | 40,662 | 40,662 | 65,961 | 40,386 | 31,902 | 29,929 | 25,299 | 11,677 | - | |
14 |
-49,157 | -56,919 | -55,286 | -45,295 | -44,362 | - | - | - | - | - | - | - | |
17/49 |
200 | 3,573 | 2,665 | 3,243 | 35,431 | 53,296 | 141,444 | 72,187 | 15,897 | 41,638 | 17,034 | 4,872 | |
17 |
- | - | - | - | - | 19,400 | 5,207 | 11,386 | - | - | - | 4,371 | |
170/4 |
- | - | - | - | - | 19,400 | 5,207 | 11,386 | - | - | - | 4,371 | |
42/48 |
200 | 2,618 | 1,710 | 3,243 | 34,818 | 33,896 | 136,237 | 60,801 | 15,215 | 601 | 14,218 | 419 | |
42 |
- | - | - | - | - | 10,666 | 6,179 | 6,104 | - | - | - | - | |
43 |
- | - | - | - | - | 1,142 | 8,145 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | 1,142 | 8,145 | - | - | - | - | - | |
44 |
200 | 908 | - | 33 | 7,505 | 8,229 | 46,820 | 53,030 | 7,149 | - | - | - | |
440/4 |
200 | 908 | - | 33 | 7,505 | 8,229 | 46,820 | 53,030 | 7,149 | - | - | - | |
46 |
- | - | - | - | - | - | 24,035 | - | - | - | - | - | |
45 |
- | - | - | - | - | - | 3,701 | 1,667 | 5,310 | 601 | 10,218 | 419 | |
450/3 |
- | - | - | - | - | - | 3,701 | 1,667 | 2,335 | 601 | 10,218 | 419 | |
454/9 |
- | - | - | - | - | - | - | - | 2,975 | - | - | - | |
47/48 |
- | 1,710 | 1,710 | 3,210 | 27,313 | 13,858 | 47,358 | - | 2,755 | - | 4,000 | - | |
492/3 |
- | 956 | 956 | - | 613 | - | - | - | 682 | 41,037 | 2,816 | 83 | |
| Income statement | |||||||||||||
76A |
- | - | - | - | 968 | - | 1,020 | - | - | 238 | 0 | - | |
9900 |
8,545 | -1,518 | -9,849 | -767 | -29,900 | 49,267 | 21,638 | 19,262 | 21,011 | 32,228 | 36,769 | 2,935 | |
630 |
- | - | - | - | - | 11,995 | 7,988 | 12,841 | 13,234 | 11,813 | 9,765 | 2,115 | |
640/8 |
650 | - | - | 38 | 2,097 | 1,354 | 1,643 | 541 | 641 | 595 | - | - | |
66A |
- | - | - | - | 9,235 | - | - | - | - | 2 | 30 | - | |
9901 |
7,895 | -1,518 | -9,849 | -805 | -41,231 | 35,918 | 12,006 | 5,880 | 7,136 | 19,820 | 27,004 | 820 | |
75/76B |
- | - | - | 14 | 190 | 893 | 614 | 386 | 6 | 539 | - | - | |
75 |
- | - | - | 14 | 0 | - | - | - | 1 | 301 | - | - | |
76B |
- | - | - | - | 190 | 893 | 614 | 386 | 6 | 238 | - | - | |
65/66B |
132 | 115 | 142 | 142 | 3,321 | 1,386 | 436 | 355 | 178 | 113 | 15 | 24 | |
65 |
132 | 115 | 142 | 142 | 1,501 | 1,165 | 432 | 348 | 127 | 111 | 15 | 24 | |
66B |
- | - | - | - | 1,820 | 221 | 4 | 7 | 51 | 2 | - | - | |
9903 |
7,763 | -1,633 | -9,991 | -933 | -44,362 | 35,425 | 12,184 | 5,911 | 6,964 | 20,246 | 26,959 | 796 | |
67/77 |
- | - | - | - | - | 9,850 | 3,701 | 3,937 | 2,334 | 6,623 | 8,320 | 419 | |
9904 |
7,763 | -1,633 | -9,991 | -933 | -44,362 | 25,575 | 8,483 | 1,973 | 4,630 | 13,622 | 18,639 | 377 | |
9905 |
7,763 | -1,633 | -9,991 | -933 | -44,362 | 25,575 | 8,483 | 1,973 | 4,630 | 13,622 | 18,639 | 377 | |
| Appropriation of the result | |||||||||||||
9906 |
-49,157 | -56,919 | -55,286 | -45,295 | -44,362 | 25,575 | 8,483 | 1,973 | 4,630 | 13,622 | 18,639 | 377 | |
14P |
-56,919 | -55,286 | -45,295 | -44,362 | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 25,299 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 25,575 | 8,483 | 1,973 | 4,630 | 13,622 | 13,159 | 377 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,483 | 377 | |
6921 |
- | - | - | - | - | 25,575 | 8,483 | 1,973 | 4,630 | 13,622 | 11,677 | - | |
694/7 |
- | - | - | - | 25,299 | - | - | - | - | - | 5,479 | - | |
694 |
- | - | - | - | 25,299 | - | - | - | - | - | 5,479 | - | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00298364 | |
| 31-12-2024 | micro format | 10-02-2026 | 2026-00039874 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00167045 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00259439 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20184938 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35600251 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-34700135 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34900360 | |
| 31-12-2017 | micro format | 14-08-2018 | 2018-45500540 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-46900144 | |
| 31-12-2015 | abbreviated format | 23-08-2016 | 2016-47200326 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-44700303 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | 47,913 | 19,995 | 18,721 | 20,370 | 31,633 | 36,769 | 2,935 | ||
| - | - | - | - | - | 37,570 | 16,472 | 14,815 | 17,865 | 25,435 | 28,404 | 2,492 | ||
| - | - | - | - | - | 34,910 | 4,863 | 21,388 | 15,008 | 6,143 | 28,911 | 6,344 | ||
| 676 | -1,023 | -26 | -17,500 | 19,384 | - | - | -427 | -32,670 | 32,870 | 5,105 | - | ||
| 11,965 | 5,158 | 6,792 | 15,827 | 13,033 | 48,585 | 31,731 | 23,322 | 19,191 | 56,690 | -823 | 6,802 | ||
| 98.4% | 54.0% | 68.6% | 83.0% | 32.1% | 58.1% | 25.5% | 35.6% | 70.5% | 44.5% | 53.7% | 57.4% | ||
| 60.83 | 2.97 | 4.97 | 5.88 | 1.37 | 2.43 | 1.23 | 1.38 | 2.26 | 95.34 | 0.94 | 17.24 | ||
| 60.83 | 2.97 | 4.97 | 5.88 | 1.37 | 1.82 | 0.67 | 1.38 | 2.26 | 95.34 | 0.94 | 17.24 | ||
| 0.02 | 0.85 | 0.46 | 0.20 | 2.11 | 0.72 | 2.92 | 1.81 | 0.42 | 1.25 | 0.86 | 0.74 | ||
| 64.9% | -38.9% | -171.2% | -5.9% | -264.7% | 34.6% | 17.5% | 4.9% | 12.2% | 40.8% | 94.4% | 5.7% | ||
| 63.8% | -21.0% | -117.5% | -4.9% | -85.0% | 20.1% | 4.5% | 1.8% | 8.6% | 18.2% | 50.7% | 3.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a profit of €7,895, after a loss of €1,518 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total falls from 46.0% to 1.6%. Equity is higher and debt is lower.
SCONSTRUCT has no parent and no holdings in its annual accounts. Dragos-Nicolae Ciuca is the only director. SCONSTRUCT shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Nieuwstraat 120 registered office 1730 Asse | ||
| Groenveld 31 1930 Zaventem | 11-02-2014 | 2.226.626.486 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23002F0049/00Z005 | 1.1 ha | 1 · 2,214 m² | 14.5 m · 2 |
| 23094D0329/00B000 | 400 m² | 1 · 103 m² | 9.0 m · 3 |
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 0545.961.035
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