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Senes Construct

Active
Private limited companyfounded 20169 yrs activeVredestraat 53, 8790 Waregem, BelgiumKBO/BCE: BE 0666.821.253
Summary

The computed 12-month bankruptcy probability of Senes Construct is 1.6% (moderate). The 2025 annual accounts show negative equity (-€692,242) and a net result of -€99,334. Equity is shrinking by ~35% per year across the filed fiscal years. Its solvency ranks better than 5% of 2213 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-55
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.58 in 2024; short-term debt: 214.4% and cash: 91.4% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 →
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 2025
Solvency, return and age of the figures
Solvency
-209.3%
Return on assets
-30%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€692,242
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
60 d early
2024
59 d early
2023
13 d early
2022
14 d early
2021
16 d early
2020
15 d early
2019
33 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Senes Construct was incorporated on 30 November 2016.1 Total assets fell from EUR 2.3 million in 2018 to EUR 330,756 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€0▼ 100%
2018 · €1,845
EBIT margin
313.4%
Net result
-€99,334
2024 · €31,573
Working capital
-€382,471▼ 19.4%
2024 · -€320,447
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€0
Operating result-€1,426▼ 21.1%-€794,050▼ 55,592%-€38,030▲ 95.2%€66,997-€61,278
Net result€4,077within the sector's middle half▼ 41.0%-€789,266below the sector's middle half-€34,559below the sector's middle half▲ 95.6%€31,573within the sector's middle half-€99,334below the sector's middle half
EBIT margin
Equity€199,345within the sector's middle half▲ 2.1%-€589,922below the sector's middle half-€624,480below the sector's middle half▼ 5.9%-€592,907below the sector's middle half▲ 5.1%-€692,242below the sector's middle half▼ 16.8%
Total assets€3.3mwithin the sector's middle half▲ 2.6%€1.7mwithin the sector's middle half▼ 48.1%€983,760within the sector's middle half▼ 42.5%€454,544within the sector's middle half▼ 53.8%€330,756within the sector's middle half▼ 27.2%
Debt€3.1m▲ 2.7%€2.3m▼ 25.7%€1.6m▼ 30.1%€1.0m▼ 34.9%€1.0m▼ 2.3%
Working capital€1.4m▲ 4.8%€654,700▼ 52.8%-€250,979-€320,447▼ 27.7%-€382,471▼ 19.4%
Solvency6.0%below the sector's middle half=-34.5%below the sector's middle half▼ 40.6pp-63.5%below the sector's middle half▼ 29.0pp-130.4%below the sector's middle half▼ 67.0pp-209.3%below the sector's middle half▼ 78.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m-€750,000-€500,000-€250,000€0Operating result 2021: -€1,426-€1,426Net result 2021: €4,077€4,077Operating result 2022: -€794,050-€794,050Net result 2022: -€789,266-€789,266Operating result 2023: -€38,030-€38,030Net result 2023: -€34,559-€34,559Operating result 2024: €66,997€66,997Net result 2024: €31,573€31,573Operating result 2025: -€61,278-€61,278Net result 2025: -€99,334-€99,33420212022202320242025-€100,000-€50,000€0€50,000Operating result 2023: -€38,030-€38,000Net result 2023: -€34,559-€34,600Operating result 2024: €66,997€67,000Net result 2024: €31,573€31,600Operating result 2025: -€61,278-€61,300Net result 2025: -€99,334-€99,300202320242025
The operating result turns negative in 2025: a loss of €61,278 after €66,997 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330,756
Fixed assets €4,000 =
Current assets €326,756 ▼ 27.5%
Key figures and ratios
2025 value · change against 2024
Current ratio
0.46▼
2024 · 0.58
Debt to equity
-1.48▲
2024 · -1.77
ROA
-30.0%▼
2024 · 6.9%
Debt ≤ 1 year
€709,227▼
2024 · €770,991
Income taxes
€0▲
2024 · -€1,895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.2% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€454,544€330,756▼
Fixed assets21/28€4,000€4,000=
Financial fixed assets28€4,000€4,000=
Current assets29/58€450,544€326,756▼
Amounts receivable within one year40/41€24,001€24,469▲
Trade receivables40€16,895€20,131▲
Other amounts receivable41€7,105€4,338▼
Current investments50/53€0-
Cash at bank and in hand54/58€426,543€302,287▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€454,544€330,756▼
Equity10/15-€592,907-€692,242▼
Contributions10/11€190,000€190,000=
Profit (loss) carried forward14-€782,907-€882,242▼
Amounts payable17/49€1.0m€1.0m▼
Amounts payable within one year42/48€770,991€709,227▼
Current portion of amounts payable after more than one year42€574,000€574,000=
Trade debts44€196,991€135,227▼
Suppliers440/4€196,991€135,227▼
Accrued charges and deferred income492/3€276,460€313,770▲
Income statement Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€28,340€64,913▲
Other operating charges640/8€1,094€998▼
Gross operating margin9900€68,091-€60,279▼
Operating profit (loss)9901€66,997-€61,278▼
Financial income75/76B€5,574€0▼
Recurring financial income75€5,574€0▼
Financial charges65/66B€42,893€38,056▼
Recurring financial charges65€42,893€38,056▼
Profit (loss) for the period before taxes9903€29,678-€99,334▼
Income taxes67/77-€1,895€0▲
Profit (loss) for the period9904€31,573-€99,334▼
Profit (loss) for the period to be appropriated9905€31,573-€99,334▼
Appropriation of the result
Profit (loss) to be appropriated9906-€782,907-€882,242▼
Profit (loss) brought forward from the previous period14P-€814,480-€782,907▲
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€4.4m-----
Turnover70---€0--
Change in stocks of work in progress, finished goods and contracts in progress71€4.4m-----
Other operating income74€0-----
Operating charges60/66A€4.4m-----
Goods, raw materials, services and sundry goods60/61---€28,340€64,913▲ 129%
Goods for resale, raw materials and consumables60€4.4m-----
Purchases600/8€4.4m-----
Services and other goods61€308-----
Other operating charges640/8€1,118€980€1,422€1,094€998▼ 8.7%
Gross operating margin9900--€793,070-€36,608€68,091-€60,279▼ 189%
Operating profit (loss)9901-€1,426-€794,050-€38,030€66,997-€61,278▼ 191%
Financial income75/76B€10,563€5,319€6,024€5,574€0▼ 100%
Recurring financial income75€10,563€5,319€6,024€5,574€0▼ 100%
Income from current assets751€10,563-----
Other financial income752/9€0-----
Financial charges65/66B€3,576€536€657€42,893€38,056▼ 11.3%
Recurring financial charges65€3,576€536€657€42,893€38,056▼ 11.3%
Debt charges650€0-----
Other financial charges652/9€3,576-----
Profit (loss) for the period before taxes9903€5,561-€789,266-€32,664€29,678-€99,334▼ 435%
Income taxes67/77€1,484€0€1,895-€1,895€0▲ 100%
Taxes670/3€1,484-----
Profit (loss) for the period9904€4,077-€789,266-€34,559€31,573-€99,334▼ 415%
Profit (loss) for the period to be appropriated9905€4,077-€789,266-€34,559€31,573-€99,334▼ 415%
Line20212022202320242025Change
Assets
Total assets20/58€3.3m€1.7m€983,760€454,544€330,756▼ 27.2%
Fixed assets21/28€4,000€4,000€4,000€4,000€4,000=
Financial fixed assets28€4,000€4,000€4,000€4,000€4,000=
Other financial fixed assets284/8€4,000-----
Amounts receivable and cash guarantees285/8€4,000-----
Current assets29/58€3.3m€1.7m€979,760€450,544€326,756▼ 27.5%
Stocks and contracts in progress3€0€498,141€0---
Stocks30/36-€498,141€0---
Amounts receivable within one year40/41€581,571€244,670€54,195€24,001€24,469▲ 2.0%
Trade receivables40€419,071€242,646€17,961€16,895€20,131▲ 19.2%
Other amounts receivable41€162,500€2,024€36,234€7,105€4,338▼ 38.9%
Current investments50/53--€800,000€0--
Cash at bank and in hand54/58€2.4m€931,273€124,568€426,543€302,287▼ 29.1%
Deferred charges and accrued income490/1€327,038€31,522€997€0--
Equity and liabilities
Total equity and liabilities10/49€3.3m€1.7m€983,760€454,544€330,756▼ 27.2%
Equity10/15€199,345-€589,922-€624,480-€592,907-€692,242▼ 16.8%
Contributions10/11€190,000€190,000€190,000€190,000€190,000=
Profit (loss) carried forward14€9,345-€779,922-€814,480-€782,907-€882,242▼ 12.7%
Amounts payable17/49€3.1m€2.3m€1.6m€1.0m€1.0m▼ 2.3%
Amounts payable after more than one year17€932,000€932,000€0---
Financial debts170/4€932,000€932,000€0---
Other loans174€932,000-----
Amounts payable within one year42/48€1.9m€1.1m€1.2m€770,991€709,227▼ 8.0%
Current portion of amounts payable after more than one year42--€932,000€574,000€574,000=
Trade debts44€1.1m€1.0m€298,739€196,991€135,227▼ 31.4%
Suppliers440/4€1.1m€1.0m€298,739€196,991€135,227▼ 31.4%
Advances received on contracts in progress46€649,309€0----
Taxes, remuneration and social security45€119,607€1,484€0---
Taxes450/3€119,607€1,484€0---
Accrued charges and deferred income492/3€260,762€316,622€377,501€276,460€313,770▲ 13.5%
Line20212022202320242025Change
Profit (loss) for the period9904€4,077-€789,266-€34,559€31,573-€99,334▼ 415%
Operating cash flow (approximation)€4,077-€789,266-€34,559€31,573-€99,334▼ 415%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€1.5m-€806,704€301,975-€124,257▼ 141%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €31,573
Net result €31,573 after 2 loss-making years.
18-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€789,266
Net result drops to -€789,266, the lowest in the series; recovery starts the following year.
15-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
02-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 33 days late
2019
31-12
Financial Back to profitnet €3,475
Net result €3,475 after one loss-making year.
19-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Waregem · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141 companies at this address See who is registered here
1 establishment unit
Senes Construct
Vredestraat 53, 8790 WaregemReal estate development
since 20162.259.417.337
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B1150/00A000 Flanders 1.1 ha 1 · 581 m² 5.1 m
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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,109 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
Founded30-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0666821253
Also 9925:BE0666821253

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.