Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Customers pay 10 days later.
The 2020 accounts came 5 days late. The other nine of the last ten were filed on time.
Lower solvency than 95% of companies in construction of buildings. Sector median 42.9% · 9,471 companies.
In July 2024, 6,908 companies had the same profile as SITE CONSTRUCT has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,908 companies, not a prediction for SITE 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| SITE CONSTRUCT Uccle | €63,226 | -4.1% | -79.8% | - |
| VAN MAERLANT RESIDENTIAL Auderghem | - | - | -1700.6% | - |
| KOTTEN Patrick SPRL Jalhay | - | - | -186.7% | - |
| AB CONSTRUCT CONSULT Herstal | - | - | -444.3% | - |
| Rénov'Max Sint-Pieters-Leeuw | - | - | -6.3% | - |
| TRAVEST Uccle | - | - | 39.0% | - |
| DALYZA Zaventem | €34,667 | -6.9% | -337.8% | - |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SITE CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €4,010 and €7,180, founded between 2008 and 2012.
SITE CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from -€23,707 in 2011 to -€2,236 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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