SITE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SITE CONSTRUCT is 3.1% (moderate). The 2025 annual accounts show negative equity (-€4,226) and a net result of -€2,804. Equity is shrinking by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 7524 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-6
Growth47▼-2
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.83 in 2024; short-term debt: 179.8% and cash: 27.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-79.8%
Return on assets
-52.9%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€4,226
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
2 d early
2023
1 d early
2022
21 d early
2021
20 d early
2020
5 d late
2019
on the day
← 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 9 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€63,226▼ 8.5%
2024 · €69,081
EBIT margin
-4.1%▼ 11.2pp
2024 · 7.1%
Net result
-€2,804
2024 · €4,759
Working capital
-€4,316▼ 185%
2024 · -€1,512
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
Line20212022202320242025
Turnover€69,344€57,667▼ 16.8%€51,337▼ 11.0%€69,081▲ 34.6%€63,226▼ 8.5%
Operating result-€4,024-€2,487▲ 38.2%-€11,134▼ 348%€4,903-€2,605
Net result-€4,229-€2,688▲ 36.4%-€11,326▼ 321%€4,759-€2,804
EBIT margin-5.8%-4.3%▲ 1.5pp-21.7%▼ 17.4pp7.1%▲ 28.8pp-4.1%▼ 11.2pp
Equity€7,833▼ 35.1%€5,145▼ 34.3%-€6,181-€1,422▲ 77.0%-€4,226▼ 197%
Total assets€8,639▼ 38.2%€8,962▲ 3.7%€4,167▼ 53.5%€7,667▲ 84.0%€5,299▼ 30.9%
Debt€807▼ 58.0%€3,817▲ 373%€10,348▲ 171%€9,089▼ 12.2%€9,525▲ 4.8%
Working capital€7,743▼ 35.3%€5,055▼ 34.7%-€6,271-€1,512▲ 75.9%-€4,316▼ 185%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,605 after €4,903 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,299
Fixed assets
€90 =
Current assets
€5,209 ▼ 31.3%
Key figures and ratios
Solvency
-79.8%▼
2024 · -18.6%
Current ratio
0.55▼
2024 · 0.83
Debt to equity
-2.25▲
2024 · -6.39
ROA
-52.9%▼
2024 · 62.1%
Debt ≤ 1 year
€9,525▲
2024 · €9,089
Income taxes
€132
Staff costs
€85▼
2024 · €155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% 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%.
| 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 6,943 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €69,344 | €57,667 | €51,337 | €69,081 | €63,226 | ▼ 8.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €59,789 | €61,699 | €63,285 | €65,461 | ▲ 3.4% |
| Remuneration, social security and pensions62 | - | €75 | €43 | €155 | €85 | ▼ 45.1% |
| Other operating charges640/8 | - | €433 | €729 | €738 | €284 | ▼ 61.5% |
| Gross operating margin9900 | -€3,962 | -€1,979 | -€10,361 | €5,796 | -€2,236 | ▼ 139% |
| Operating profit (loss)9901 | -€4,024 | -€2,487 | -€11,134 | €4,903 | -€2,605 | ▼ 153% |
| Financial charges65/66B | - | €201 | €192 | €144 | €67 | ▼ 53.3% |
| Recurring financial charges65 | €206 | €201 | €192 | €144 | €67 | ▼ 53.3% |
| Profit (loss) for the period before taxes9903 | -€4,229 | -€2,688 | -€11,326 | €4,759 | -€2,672 | ▼ 156% |
| Income taxes67/77 | - | - | - | - | €132 | - |
| Profit (loss) for the period9904 | -€4,229 | -€2,688 | -€11,326 | €4,759 | -€2,804 | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | -€4,229 | -€2,688 | -€11,326 | €4,759 | -€2,804 | ▼ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,639 | €8,962 | €4,167 | €7,667 | €5,299 | ▼ 30.9% |
| Fixed assets21/28 | €90 | €90 | €90 | €90 | €90 | = |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €8,549 | €8,872 | €4,077 | €7,577 | €5,209 | ▼ 31.3% |
| Amounts receivable within one year40/41 | €7,789 | €5,930 | €914 | €593 | €2,724 | ▲ 359% |
| Trade receivables40 | - | €4,069 | €208 | - | €2,304 | - |
| Other amounts receivable41 | - | €1,861 | €706 | €593 | €420 | ▼ 29.1% |
| Cash at bank and in hand54/58 | €106 | €2,263 | €2,450 | €6,193 | €1,443 | ▼ 76.7% |
| Deferred charges and accrued income490/1 | - | €679 | €713 | €791 | €1,041 | ▲ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,639 | €8,962 | €4,167 | €7,667 | €5,299 | ▼ 30.9% |
| Equity10/15 | €7,833 | €5,145 | -€6,181 | -€1,422 | -€4,226 | ▼ 197% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€12,627 | -€15,315 | -€26,641 | -€21,882 | -€24,686 | ▼ 12.8% |
| Amounts payable17/49 | €807 | €3,817 | €10,348 | €9,089 | €9,525 | ▲ 4.8% |
| Amounts payable within one year42/48 | €807 | €3,817 | €10,348 | €9,089 | €9,525 | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €606 | - | - | - | - |
| Trade debts44 | - | €3,211 | €1,027 | €497 | - | - |
| Suppliers440/4 | - | €1,871 | €855 | €412 | - | - |
| Bills of exchange payable441 | - | €1,340 | €172 | €85 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,446 | €2,566 | €2,000 | ▼ 22.1% |
| Remuneration and social security454/9 | - | - | €2,446 | €2,566 | €2,000 | ▼ 22.1% |
| Other amounts payable47/48 | - | - | €6,874 | €6,026 | €7,525 | ▲ 24.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,229 | -€2,688 | -€11,326 | €4,759 | -€2,804 | ▼ 159% |
| Operating cash flow (approximation) | -€4,229 | -€2,688 | -€11,326 | €4,759 | -€2,804 | ▼ 159% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,157 | €187 | €3,743 | -€4,750 | ▼ 227% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €4,759
Net result €4,759 after 3 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€11,326
Net result drops to -€11,326, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
30-06
Financial
Back to profitnet €921
Net result €921 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 7.23
Current ratio from 2.38 to 7.23; short-term debt falls from €7,987 to €1,922.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2009
Ground area
1,536 m²
Building footprint
491 m²
Volume, LiDAR
8,244 m³
2 parcels, Brussels · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
SITE CONSTRUCT
since 20092.184.189.382
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0149/00B013 | Brussels | 1,194 m² | 1 · 392 m² | 22.3 m · 6 fl. |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SERENITY BUILD
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 6,561 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
Founded15-12-2009
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821456178
Also
9925:BE0821456178
Registered
30-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.