SPECIALBUILD
ActiveThe computed 12-month bankruptcy probability of SPECIALBUILD is 1.9% (moderate). The 2025 annual accounts show equity of €95k and a net result of €81k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 32% of 7673 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency44▲+19
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.66 in 2024), and 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
25.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
61 d late
2023
24 d late
2022
61 d late
2021
31 d late
2020
16 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€95k▲ 76.9%
2024 · €54k
2020: €36k
2021: €58k
2022: €66k
2023: €54k
2024: €54k
2020 → 2025
Total assets
€322k▲ 38.4%
2024 · €232k
2020: €79k
2021: €86k
2022: €249k
2023: €224k
2024: €232k
2020 → 2025
Net result
€81k▲ 315%
2024 · €20k
2020: €34k
2021: €23k
2022: €8k
2023: €-15k
2024: €20k
2020 → 2025
Working capital
€-17k▲ 45.2%
2024 · €-31k
2020: €17k
2021: €46k
2022: €-13k
2023: €-22k
2024: €-31k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€66k▲ 13.3%€54k▼ 18.2%€54k▼ 0.7%€95k▲ 76.9%
Operating result€29k-€13k▼ 54.3%€-11k€26k€114k▲ 341%
Net result€23k-€8k▼ 65.6%€-15k€20k€81k▲ 315%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 341% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€194k▲ 12.4%
Current assets
€128k▲ 113%
Equity and liabilities €322k
Equity
€95k▲ 76.9%
Debt
€227k▲ 26.8%
The debt ratio falls from 76.9% to 70.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€128k▲
2024 · €35k
Cash flow
€95k▲
2024 · €28k
Solvency
29.6%▲
2024 · 23.1%
Current ratio
0.88▲
2024 · 0.66
Quick ratio
0.88▲
2024 · 0.66
Debt / equity
2.38▼
2024 · 3.32
ROE
85.5%▲
2024 · 36.5%
ROA
25.3%▲
2024 · 8.4%
Interest coverage
41.87▲
2024 · 10.84
Debt
€227k▲
2024 · €179k
Debt ≤ 1 year
€145k▲
2024 · €91k
Debt > 1 year
€81k▼
2024 · €88k
Income taxes
€30k▲
2024 · €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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€232k€322k▲
Fixed assets21/28€173k€194k▲
Tangible fixed assets22/27€172k€194k▲
Land and buildings22€159k€156k▼
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€10k€32k▲
Financial fixed assets28€300€300=
Current assets29/58€60k€128k▲
Amounts receivable within one year40/41€25k€58k▲
Trade receivables40€25k€56k▲
Other amounts receivable41-€1k
Cash at bank and in hand54/58€35k€69k▲
Deferred charges and accrued income490/1€587€2k▲
Equity and liabilities
Total equity and liabilities10/49€232k€322k▲
Equity10/15€54k€95k▲
Contributions10/11€2k€2k=
Outside capital11€2k€2k=
Other1109/19€2k€2k=
Profit (loss) carried forward14€52k€93k▲
Amounts payable17/49€179k€227k▲
Amounts payable after more than one year17€88k€81k▼
Financial debts170/4€88k€81k▼
Amounts payable within one year42/48€91k€145k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€26k€54k▲
Suppliers440/4€26k€54k▲
Taxes, remuneration and social security45€13k€44k▲
Taxes450/3€13k€44k▲
Other amounts payable47/48€46k€40k▼
Accrued charges and deferred income492/3-€565
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€772€458▼
Gross operating margin9900€36k€128k▲
Operating profit (loss)9901€26k€114k▲
Financial income75/76B€16€11▼
Recurring financial income75€16€11▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€23k€111k▲
Income taxes67/77€3k€30k▲
Profit (loss) for the period9904€20k€81k▲
Profit (loss) for the period to be appropriated9905€20k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€133k▲
Profit (loss) brought forward from the previous period14P€52k€52k▼
Profit to be distributed694/7€20k€40k▲
Return on contributions (dividend)694€20k€40k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Highest result since 2020net €81k ▲315%
Operating result €114k, net result €81k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Weakest financial yearnet €-15k ▼290%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Huldenberg · 1 establishment unit since 2020
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.
Florivalstraat(SAR) 93040 HuldenbergGround area
242 m²
Building footprint
120 m²
Volume, LiDAR
574 m³
Parcel 24085B0013/00R005, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPECIALBUILD
since 20202.303.290.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24085B0013/00R005 | Flanders | 242 m² | 1 · 120 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IMTEX
BE 0822.478.143
Heusden-Zolder · Eq €96k
ECO CLEAR
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La Roche-en-Ardenne · Eq €94k
GRC Business
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Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,957 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.