SMB CONSTRUCT
ActiveFor SMB CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €117k and a net result of €39k. Equity is growing by ~72.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 9007 sector peers (fiscal year 2023). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability98▲+22
Solvency95▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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
Sector 41
higher
← 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 · 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 2023Solvency, return and age of the figures
Solvency
70.5%
Return on assets
23.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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
not filed
2023
61 d late
2022
60 d late
2021
89 d late
2020
89 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€117k▲ 49.5%
2022 · €78k
2018: €14k
2019: €9k
2020: €17k
2021: €70k
2022: €78k
2018 → 2023
Total assets
€166k▲ 28.3%
2022 · €129k
2018: €58k
2019: €38k
2020: €56k
2021: €103k
2022: €129k
2018 → 2023
Net result
€39k▲ 393%
2022 · €8k
2018: €26k
2019: €-5k
2020: €8k
2021: €53k
2022: €8k
2018 → 2023
Working capital
€87k▲ 78.1%
2022 · €49k
2018: €10k
2019: €5k
2020: €15k
2021: €58k
2022: €49k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€9k-€17k▲ 98.4%€70k▲ 313%€78k▲ 11.2%€117k▲ 49.5%
Operating result€-4k-€12k€69k▲ 483%€12k▼ 82.1%€56k▲ 349%
Net result€-5k-€8k€53k▲ 530%€8k▼ 85.3%€39k▲ 393%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 349% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €166k
Fixed assets
€39k▼ 17.9%
Current assets
€127k▲ 55.2%
Equity and liabilities €166k
Equity
€117k▲ 49.5%
Debt
€49k▼ 4.1%
The debt ratio falls from 39.5% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▲
2022 · €24k
Cash flow
€52k▲
2022 · €20k
Solvency
70.5%▲
2022 · 60.5%
Current ratio
3.21▲
2022 · 2.50
Quick ratio
3.21▲
2022 · 2.50
Debt / equity
0.42▼
2022 · 0.65
ROE
33.1%▲
2022 · 10.0%
ROA
23.3%▲
2022 · 6.1%
Interest coverage
24.79▲
2022 · 12.65
Debt
€49k▼
2022 · €51k
Debt ≤ 1 year
€39k▲
2022 · €33k
Debt > 1 year
€9k▼
2022 · €18k
Income taxes
€16k▲
2022 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€129k€166k▲
Fixed assets21/28€47k€39k▼
Tangible fixed assets22/27€47k€39k▼
Plant, machinery and equipment23€537€379▼
Furniture and vehicles24€11k€11k▲
Leasing and similar rights25€35k€27k▼
Financial fixed assets28€270€270=
Current assets29/58€82k€127k▲
Amounts receivable within one year40/41€5k€5k▼
Trade receivables40€147€1k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€73k€118k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€129k€166k▲
Equity10/15€78k€117k▲
Contributions10/11€19k€19k=
Reserves13€52k€97k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€50k€95k▲
Profit (loss) carried forward14€8k€1k▼
Amounts payable17/49€51k€49k▼
Amounts payable after more than one year17€18k€9k▼
Financial debts170/4€18k€9k▼
Amounts payable within one year42/48€33k€39k▲
Current portion of amounts payable after more than one year42€10k€9k▼
Financial debts43€833€833=
Credit institutions430/8€833€833=
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€19k€20k▲
Taxes450/3€19k€20k▲
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3€121€121▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€117€467▲
Gross operating margin9900€27k€73k▲
Operating profit (loss)9901€12k€56k▲
Financial income75/76B€4€2k▲
Recurring financial income75€4€2k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€10k€54k▲
Income taxes67/77€3k€16k▲
Profit (loss) for the period9904€8k€39k▲
Profit (loss) for the period to be appropriated9905€8k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€46k▲
Profit (loss) brought forward from the previous period14P€10k€8k▼
Transfer to equity691/2€10k€45k▲
To other reserves6921€10k€45k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €100kEq €117k ▲49.5%
4 profitable years in a row build equity to €117k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Highest result since 2018net €53k ▲530%
Operating result €69k, net result €53k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.40 to 3.06; short-term debt falls from €38k to €28k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €-5k ▼119%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ittre · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Baudémont 251460 IttreGround area
658 m²
Building footprint
157 m²
Volume, LiDAR
1,133 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Gaston Vervueren 21, 1460 Ittre
since 19902.050.143.696
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25044B0457/00P005 | Wallonia | 362 m² | 1 · 84 m² | 10.9 m · 3 fl. |
| 25108B0105/00E003 | Wallonia | 296 m² | 1 · 73 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
TOMA CONSTRUCT
BE 0537.275.575
Sint-Jans-Molenbeek · Eq €117k
BOUWBEDRIJF SKIBO
BE 0876.807.744
Aalst · Eq €117k
HODY CONSTRUCT
BE 1001.028.419
Ciney · Eq €117k
VdM-building
BE 0769.254.144
Putte · Eq €117k
JENCHENNE Raphaël
BE 0834.819.711
Waimes · Eq €117k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,005 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-1990
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45212
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.