Standing Construct
ActiveSummary
Standing Construct has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.4m and a net result of €874,718. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 2098 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+7
Solvency87▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.77 in 2023; short-term debt: 37.2% and cash: 21.3% of total assets), and 38.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.8%
Return on assets
15.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
49 d early
2022
21 d early
2021
51 d early
2020
15 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by equity in Geel, Construction sector#10 employer in Geel, Construction sector
Turnover
€13.4m▼ 4.0%
2022 · €13.9m
EBIT margin
10.1%▼ 2.0pp
2022 · 12.1%
Net result
€874,718▼ 13.8%
2023 · €1.0m
Working capital
€3.4m▼ 9.2%
2023 · €3.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€13.9m€13.4m▼ 4.0%
Operating result€1.7m▲ 189%€1.6m▼ 5.7%€1.7m▲ 2.7%€1.4m▼ 19.6%€1.2m▼ 12.2%
Net result€1.3mabove the sector's middle half▲ 224%€1.2mabove the sector's middle half▼ 9.4%€1.2mabove the sector's middle half▲ 2.0%€1.0mabove the sector's middle half▼ 17.9%€874,718above the sector's middle half▼ 13.8%
EBIT margin12.1%10.1%▼ 2.0pp
Equity€2.6mabove the sector's middle half▲ 3.4%€2.6mabove the sector's middle half▲ 0.4%€2.9mabove the sector's middle half▲ 12.2%€3.6mabove the sector's middle half▲ 23.0%€3.4mabove the sector's middle half▼ 3.5%
Total assets€5.5mabove the sector's middle half▲ 36.8%€5.7mabove the sector's middle half▲ 3.6%€5.8mabove the sector's middle half▲ 2.0%€6.0mabove the sector's middle half▲ 3.3%€5.5mabove the sector's middle half▼ 8.2%
Debt€3.0m▲ 89.7%€3.2m▲ 6.4%€3.0m▼ 6.4%€2.5m▼ 15.9%€2.1m▼ 14.9%
Working capital€2.6mabove the sector's middle half▲ 25.7%€2.5mabove the sector's middle half▼ 5.8%€3.0mabove the sector's middle half▲ 20.3%€3.7mabove the sector's middle half▲ 25.7%€3.4mabove the sector's middle half▼ 9.2%
Solvency46.4%within the sector's middle half▼ 15.0pp44.9%within the sector's middle half▼ 1.4pp49.4%within the sector's middle half▲ 4.5pp58.8%above the sector's middle half▲ 9.4pp61.8%within the sector's middle half▲ 3.0pp
Current ratio2.07within the sector's middle half▼ 0.401.85within the sector's middle half▼ 0.222.16within the sector's middle half▲ 0.302.77above the sector's middle half▲ 0.612.64within the sector's middle half▼ 0.13
Return on assets (ROA)24.2%above the sector's middle half▲ 14.0pp21.1%above the sector's middle half▼ 3.0pp21.1%above the sector's middle half=16.8%above the sector's middle half▼ 4.3pp15.8%above the sector's middle half▼ 1.0pp
Staff (FTE)36above the sector's middle half▲ 0.6%33.9above the sector's middle half▼ 5.8%32.4within the sector's middle half▼ 4.4%27.3within the sector's middle half▼ 15.7%20.5above the sector's middle half▼ 24.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.5m
Fixed assets
€91,529 ▼ 54.3%
Current assets
€5.5m ▼ 6.6%
Equity and liabilities €5.5m
Equity
€3.4m ▼ 3.5%
Debt
€2.1m ▼ 14.9%
Debt's share of the balance-sheet total falls from 41.2% to 38.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.3m▼
2023 · €1.5m
Cash flow
€1.0m▼
2023 · €1.2m
Quick ratio
2.15▲
2023 · 2.09
Debt to equity
0.62▼
2023 · 0.70
ROE
25.5%▼
2023 · 28.5%
Interest coverage
26.35▲
2023 · 22.57
Debt ≤ 1 year
€2.1m▼
2023 · €2.1m
Income taxes
€336,080▼
2023 · €373,237
Staff costs
€1.2m▼
2023 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €14.2m | €13.3m | - | - |
| Turnover70 | - | - | €13.9m | €13.4m | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €125,213 | -€147,022 | - | - |
| Other operating income74 | - | - | €107,529 | €51,589 | - | - |
| Non-recurring operating income76A | - | €4,517 | €12,962 | €2,152 | €9,637 | ▲ 348% |
| Operating charges60/66A | - | - | €12.5m | €11.9m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €8.0m | €7.9m | - | - |
| Purchases600/8 | - | - | €8.7m | €7.7m | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€643,818 | €171,217 | - | - |
| Services and other goods61 | - | - | €2.3m | €2.3m | - | - |
| Remuneration, social security and pensions62 | - | €1.8m | €2.0m | €1.6m | €1.2m | ▼ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143,809 | €141,022 | €136,164 | €135,076 | €128,097 | ▼ 5.2% |
| Other operating charges640/8 | - | €15,701 | €18,575 | €14,752 | €15,783 | ▲ 7.0% |
| Non-recurring operating charges66A | - | €9,178 | €8,730 | €734 | €2,583 | ▲ 252% |
| Gross operating margin9900 | €3.6m | €3.7m | - | - | €2.6m | - |
| Operating profit (loss)9901 | €1.7m | €1.6m | €1.7m | €1.4m | €1.2m | ▼ 12.2% |
| Financial income75/76B | - | €99,260 | €58,871 | €99,727 | €69,008 | ▼ 30.8% |
| Recurring financial income75 | €75,462 | €99,260 | €58,171 | €93,697 | €67,097 | ▼ 28.4% |
| Income from current assets751 | - | - | €15,211 | €62,064 | - | - |
| Other financial income752/9 | - | - | €42,960 | €31,633 | - | - |
| Non-recurring financial income76B | - | - | €700 | €6,030 | €1,912 | ▼ 68.3% |
| Financial charges65/66B | - | €74,335 | €59,536 | €69,031 | €50,085 | ▼ 27.4% |
| Recurring financial charges65 | €48,631 | €74,335 | €59,536 | €66,351 | €50,085 | ▼ 24.5% |
| Debt charges650 | - | - | €59,040 | €66,143 | - | - |
| Other financial charges652/9 | - | - | €496 | €208 | - | - |
| Non-recurring financial charges66B | - | - | - | €2,680 | - | - |
| Profit (loss) for the period before taxes9903 | €1.8m | €1.7m | €1.7m | €1.4m | €1.2m | ▼ 12.8% |
| Income taxes67/77 | €446,119 | €458,239 | €452,928 | €373,237 | €336,080 | ▼ 10.0% |
| Taxes670/3 | - | - | €452,928 | €373,237 | - | - |
| Profit (loss) for the period9904 | €1.3m | €1.2m | €1.2m | €1.0m | €874,718 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €1.2m | €1.2m | €1.0m | €874,718 | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €5.7m | €5.8m | €6.0m | €5.5m | ▼ 8.2% |
| Fixed assets21/28 | €472,010 | €373,535 | €311,671 | €200,344 | €91,529 | ▼ 54.3% |
| Tangible fixed assets22/27 | €467,566 | €369,091 | €311,671 | €195,650 | €86,835 | ▼ 55.6% |
| Land and buildings22 | - | €205,129 | €139,504 | €75,951 | €12,397 | ▼ 83.7% |
| Plant, machinery and equipment23 | - | €81,191 | €99,204 | €81,288 | €48,402 | ▼ 40.5% |
| Furniture and vehicles24 | - | €31,771 | €38,963 | €21,411 | €26,036 | ▲ 21.6% |
| Leasing and similar rights25 | - | €51,000 | €34,000 | €17,000 | - | - |
| Financial fixed assets28 | €4,444 | €4,444 | - | €4,694 | €4,694 | = |
| Other financial fixed assets284/8 | - | - | - | €4,694 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €4,694 | - | - |
| Current assets29/58 | €5.1m | €5.4m | €5.5m | €5.8m | €5.5m | ▼ 6.6% |
| Amounts receivable after more than one year29 | - | - | €4,694 | - | €1.1m | - |
| Other amounts receivable291 | - | - | €4,694 | - | €1.1m | - |
| Stocks and contracts in progress3 | €282,717 | €978,138 | €1.7m | €1.4m | €1.0m | ▼ 28.8% |
| Stocks30/36 | - | €579,734 | €1.2m | €1.1m | €762,327 | ▼ 27.6% |
| Raw materials and consumables30/31 | - | - | €627,794 | €456,578 | - | - |
| Property held for sale35 | - | - | €595,758 | €595,758 | - | - |
| Contracts in progress37 | - | €398,404 | €523,617 | €376,595 | €254,698 | ▼ 32.4% |
| Amounts receivable within one year40/41 | €2.8m | €2.2m | €1.6m | €1.3m | €2.1m | ▲ 57.4% |
| Trade receivables40 | - | €845,123 | €678,872 | €852,120 | €344,206 | ▼ 59.6% |
| Other amounts receivable41 | - | €1.3m | €951,252 | €482,496 | €1.8m | ▲ 264% |
| Current investments50/53 | €3,455 | - | - | €455 | €455 | = |
| Other investments51/53 | - | - | - | €455 | - | - |
| Cash at bank and in hand54/58 | €1.6m | €2.1m | €2.1m | €3.0m | €1.2m | ▼ 60.4% |
| Deferred charges and accrued income490/1 | - | €94,397 | €96,515 | €99,208 | €107,965 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €5.7m | €5.8m | €6.0m | €5.5m | ▼ 8.2% |
| Equity10/15 | €2.6m | €2.6m | €2.9m | €3.6m | €3.4m | ▼ 3.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2.6m | €2.6m | €2.9m | €3.5m | €3.4m | ▼ 3.5% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €2.6m | €2.9m | €3.5m | €3.4m | ▼ 3.5% |
| Amounts payable17/49 | €3.0m | €3.2m | €3.0m | €2.5m | €2.1m | ▼ 14.9% |
| Amounts payable after more than one year17 | €69,797 | €257,308 | €390,684 | €376,216 | - | - |
| Financial debts170/4 | - | €257,308 | €390,684 | €376,216 | - | - |
| Leasing and similar obligations172 | - | - | €35,462 | €20,994 | - | - |
| Credit institutions173 | - | - | €355,222 | €355,222 | - | - |
| Amounts payable within one year42/48 | €2.4m | €2.9m | €2.6m | €2.1m | €2.1m | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €311,819 | €289,496 | €264,468 | €261,341 | ▼ 1.2% |
| Trade debts44 | €449,973 | €832,069 | €1.0m | €915,168 | €309,122 | ▼ 66.2% |
| Suppliers440/4 | - | €832,069 | €1.0m | €915,168 | €309,122 | ▼ 66.2% |
| Taxes, remuneration and social security45 | - | €375,079 | €348,641 | €450,476 | €489,582 | ▲ 8.7% |
| Taxes450/3 | - | €268,320 | €239,064 | €335,353 | €398,545 | ▲ 18.8% |
| Remuneration and social security454/9 | - | €106,758 | €109,577 | €115,123 | €91,037 | ▼ 20.9% |
| Other amounts payable47/48 | - | €1.4m | €925,971 | €482,143 | €1.0m | ▲ 109% |
| Accrued charges and deferred income492/3 | - | €7,320 | - | - | €50,595 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €1.2m | €1.2m | €1.0m | €874,718 | ▼ 13.8% |
| + Depreciation and write-downs630 | €143,809 | €141,022 | €136,164 | €135,076 | €128,097 | ▼ 5.2% |
| Operating cash flow (approximation) | €1.5m | €1.4m | €1.4m | €1.2m | €1.0m | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | -€42,546 | -€74,301 | -€23,749 | -€19,283 | ▲ 18.8% |
| Change in cash | - | €495,391 | -€42,859 | €922,367 | -€1.8m | ▼ 295% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.3m ▲224%
Operating result €1.7m, net result €1.3m, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €411,937 ▼15%
Net result drops to €411,937, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Geel · 1 establishment unit since 1999
Ground area
2,951 m²
Parcel 13373K0125/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
Winkelom 83, 2440 Geel
since 19992.092.451.534
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0125/00C000 | Flanders | 2,951 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- IIP6 DEVELOPMENT
- STANDING BOUWPARTNERS
- Industrial Investment Partners 6-Standing
- Standing Construct
Highest known parent: IIP6 DEVELOPMENT. The sources do not say who stands above it.
Owners 2
- 99.87%
-
0.13%
Holdings 1
- 0.01%
According to the 2024 annual accounts of Standing Construct and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 1 ended approval
Metselaar (so)
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Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466564258
Also
9925:BE0466564258
Registered
08-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.