ST CONSTRUCT
ActiveSummary
ST CONSTRUCT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,274 and a net result of €6,186. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 68% of 9,348 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €75,274
- Profit
- €6,186
Why 89raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 2.48, cash €42,099Founded in 2014Equity €75,274 (59.6% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 69% on solvency, 77% on liquidity, 29% on profitability and 52% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 58 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,904 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €171,288 | €430,091 | €573,352 | €202,746 | €205,890 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €193,107 | €196,624 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €833 | €619 | €1,581 | €1,581 | €1,581 | - | - |
| Other operating charges640/8 | - | - | - | €410 | €615 | €577 | €1,084 | ▲ 87.7% |
| Gross operating margin9900 | €10,915 | €15,825 | €21,102 | €9,640 | €9,266 | €9,701 | €8,805 | ▼ 9.2% |
| Operating profit (loss)9901 | €10,567 | €14,442 | €18,229 | €7,649 | €7,070 | €7,543 | €7,721 | ▲ 2.4% |
| Financial income75/76B | - | - | - | €23 | €27 | €34 | €102 | ▲ 200% |
| Recurring financial income75 | €13 | - | €48 | €23 | €27 | €34 | €102 | ▲ 200% |
| Financial charges65/66B | - | - | - | €554 | €794 | €1,380 | €52 | ▼ 96.3% |
| Recurring financial charges65 | €1,791 | €1,319 | €770 | €554 | €794 | €1,380 | €52 | ▼ 96.3% |
| Profit (loss) for the period before taxes9903 | €8,789 | €13,123 | €17,507 | €7,118 | €6,303 | €6,197 | €7,771 | ▲ 25.4% |
| Income taxes67/77 | €958 | €1,912 | €2,593 | €842 | €692 | €1,239 | €1,585 | ▲ 27.8% |
| Profit (loss) for the period9904 | €7,831 | €11,211 | €14,914 | €6,276 | €5,611 | €4,958 | €6,186 | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €7,831 | €11,211 | €14,914 | €6,276 | €5,611 | €4,958 | €6,186 | ▲ 24.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €101,051 | €151,639 | €182,669 | €108,008 | €125,021 | €136,616 | €126,200 | ▼ 7.6% |
| Fixed assets21/28 | - | €1,667 | €5,703 | €4,122 | €2,542 | €961 | - | - |
| Tangible fixed assets22/27 | - | €1,667 | €5,703 | €4,122 | €2,542 | €961 | - | - |
| Furniture and vehicles24 | - | - | - | €4,122 | €2,542 | €961 | - | - |
| Current assets29/58 | €101,051 | €149,972 | €176,966 | €103,886 | €122,479 | €135,655 | €126,200 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €92,632 | €116,833 | €131,546 | €71,995 | €116,096 | €131,619 | €83,901 | ▼ 36.3% |
| Trade receivables40 | - | - | - | €61,162 | €109,819 | €122,527 | €78,559 | ▼ 35.9% |
| Other amounts receivable41 | - | - | - | €10,833 | €6,277 | €9,092 | €5,341 | ▼ 41.3% |
| Cash at bank and in hand54/58 | €8,419 | €32,892 | €44,717 | €31,891 | €6,383 | €4,035 | €42,099 | ▲ 943% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €200 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €101,051 | €151,639 | €182,669 | €108,008 | €125,021 | €136,616 | €126,200 | ▼ 7.6% |
| Equity10/15 | €40,718 | €47,929 | €57,843 | €61,519 | €64,130 | €69,088 | €75,274 | ▲ 9.0% |
| Contributions10/11 | €18,200 | €18,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €20,658 | €27,869 | €37,783 | €41,059 | €43,670 | €48,628 | €54,814 | ▲ 12.7% |
| Amounts payable17/49 | €60,333 | €103,710 | €124,826 | €46,489 | €60,891 | €67,528 | €50,926 | ▼ 24.6% |
| Amounts payable within one year42/48 | €60,333 | €103,710 | €124,826 | €46,489 | €60,891 | €67,528 | €50,926 | ▼ 24.6% |
| Trade debts44 | €8,823 | €55,867 | €107,155 | €26,175 | €33,836 | €39,508 | €24,395 | ▼ 38.3% |
| Suppliers440/4 | - | - | - | €26,175 | €33,836 | €39,508 | €24,395 | ▼ 38.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,347 | €1,424 | €2,048 | €1,050 | ▼ 48.7% |
| Taxes450/3 | - | - | - | €1,347 | €1,424 | €2,048 | €1,050 | ▼ 48.7% |
| Other amounts payable47/48 | - | - | - | €18,967 | €25,630 | €25,972 | €25,481 | ▼ 1.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,831 | €11,211 | €14,914 | €6,276 | €5,611 | €4,958 | €6,186 | ▲ 24.8% |
| + Depreciation and write-downs630 | - | €833 | €619 | €1,581 | €1,581 | €1,581 | - | - |
| Operating cash flow (approximation) | €7,831 | €12,044 | €15,533 | €7,857 | €7,192 | €6,538 | €6,186 | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | - | -€4,655 | €0 | -€0 | €0 | - | - |
| Change in cash | - | €24,473 | €11,825 | -€12,826 | -€25,508 | -€2,348 | €38,064 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 12-11-2025 | 2025-00566053 |
| 30-06-2024 | micro format | 16-12-2024 | 2024-00616833 |
| 30-06-2023 | micro format | 04-12-2023 | 2023-00521446 |
| 30-06-2022 | micro format | 08-12-2022 | 2022-20534176 |
| 30-06-2021 | micro format | 13-12-2021 | 2021-80100378 |
| 30-06-2020 | micro format | 03-12-2020 | 2020-74400600 |
| 30-06-2019 | micro format | 04-12-2019 | 2019-75300107 |
| 30-06-2018 | micro format | 11-12-2018 | 2018-74300164 |
| 30-06-2017 | micro format | 19-12-2017 | 2017-72400020 |
| 30-06-2016 | full format | 14-12-2016 | 2016-70000564 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| STAELENS Michel |
|
Owners and capital
Capital and shareholders
- 19-09-2023 Converted to unavailable equity · €20,460
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-09
Gazette deed
Legal-form change · Resignations & appointmentsResignation: STAELENS Michel (manager) · Appointment: STAELENS Michel (director) · Incorporation11 facts ▸
- General meeting, 13-09-2023
- Incorporation, 11-06-2014
- Other provision, “adaptation statuts CSA maintien SRL, adapter statuts et conserver forme société à responsabilité limitée en abrégé SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression compte indisponible et fonds rendus disponibles pour distribution”, 20460 (deed in French)
- Amendment of the articles
- Capital
- Director resignation, STAELENS Michel (manager)
- Director appointment, STAELENS Michel (director (not named in the articles))
- Director discharge, STAELENS Michel
- Registered office clause, “7940 Brugelette,chemin de Wisbecq 5B” (deed in French)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0553.810.513
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51012B0152/00X000 | Wallonia | 1,223 m² | 1 · 157 m² | 16.5 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale de bâtiment,peinture,maçonnerie,électricité,toiture,la domotique,l’installation de sanitaires,la zinguerie,la…” (deed in French)
2 activities (deed in French)
- L’entreprise générale de bâtiment,peinture,maçonnerie,électricité,toiture,la domotique,l’installation de sanitaires,la zinguerie,la plomberie,le carrelage,la tuyauterie industrielle,le cloisonnage,le plafonnage,la pose de parquets et de châssis,l’enlèvement de cheminées,le conditionnement d’air,la climatisation,le coffrage,les revêtements de sols,le terrassement,l’ébénisterie,l’installation et la fabrication de mobilier,de salles de bains et de faux plafonds,la décoration et l’ameublement intérieur,la rénovation,l’aménagement intérieur et extérieur et toute autre activité de rénovation et construction.
- La vente et l’achat,en gros et en détail,l’import-export de matériaux de construction,matériel électrique et électronique,sanitaire et de plomberie et tous autres matériaux utiles à la rénovation et construction.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ST CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Simple décision, Région wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, un ou plusieurs administrateurs” (deed in French)“Fixe ou proportionnelle, représentation,voyages et déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives avec mentions CSA” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnel actions si plusieurs, mêmes formalités si non actionnaires de plein droit” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire, courrier électronique,ou courrier ordinaire même jour si pas d’adresse électronique” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of November at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner liquidateurs,pouvoirs et émoluments, administrateurs en fonction si aucun autre désigné” (deed in French)