Equity
€721,013 ▲ 23.4%
STARTER WALLONIA CONSTRUCTION has made a profit without a break since 2018.
STARTER WALLONIA CONSTRUCTION
Lifetime
18 annual accounts with figures on one time axispeak €599,715 (2025)
€599,715▲ 19.9%
lowest -€27,399 (2015)
€136,866▲ 96.4%
peak €721,013 (2025)
€721,013▲ 23.4%
€601,103▲ 47.7%
peak 2.8 FTE (2009)
2.5 FTE▲ 25.0%
Board7 names since 2017
5 directorsLaurent Agache and 4 others
Owners
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Gross margin from €499,982 to €599,715Result from €69,681 to €136,866Staff from 2 FTE to 2.5 FTEEquity from €584,148 to €721,013Debts from €406,974 to €601,103Cash from €504,045 to €311,423
Key points
from the 2025 annual accountsResult
€136,866 ▲ 96.4%
The result rose in 2025 from €69,681 to €136,866.
Turnover
≈ €1.7m estimated
The accounts state no turnover.
Debts
€601,103 ▲ 47.7%
Debts rose by €194,129 in 2025.
Filings
18 annual accounts since 2008
Two of the last ten came late. The 2018 accounts came latest: 2 days after the end of the period.
Position in the sector
€136,866
Higher net result than 80% of companies in specialised construction. Sector median €26,691 · 9,959 companies.
Checked score
93
Excellent
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 5.44, cash €311,423
Founded in 2007
Figures for financial year 2025 (filed on 16-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 41% of them on solvency, 64% on liquidity, 55% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as STARTER WALLONIA CONSTRUCTION has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of STARTER WALLONIA CONSTRUCTION itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for STARTER WALLONIA CONSTRUCTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.44 (4.93 in 2024), above the usual 1.5. Short-term debt is 18.3% and cash 16.7% of total assets. However, 61.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
13 days early
2023
7 days early
2022
12 days early
2021
6 days early
2020
29 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
E
EMBUILD
Director, Salim Chamcham
- SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE 21.74%equity €5.6m (2025) · 30-06-2025 annual accounts of SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889851472
2 directors appointed, 3 reappointments
Reappointments: Eddy Devos, Laurent Agache and Embuild · Permanent representative: Salim Chamcham · Appointments: Gaëtan VANNESTE and Marie DEMAY · General meeting of 08-12-2023 · Gazette deed
Purpose change · Amendment of the articles · Legal-form change
“L’entreprise générale de bâtiments; Tous travaux de construction de gros œuvre et de mise sous toit de…” (deed in French) · General meeting of 30-05-2023 · Gazette deed
Permanent representatives: Marc Lefebvre and Chamcham
General meeting of 04-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STARTER WALLONIA CONSTRUCTION Tournai | €1.9m | €599,715 | 38.7% | 2.5 |
| KRISTOF DELEU Staden | €1.5m | €610,251 | 87.4% | 2.1 |
| Condebo Recycling Lokeren | €1.7m | €408,077 | 1.9% | 3.5 |
| B.C.T Millon Haacht | €2.6m | €837,931 | 68.8% | 3.3 |
| VERSLUYS-BOCKLANDT Laarne | €1.2m | €380,277 | 89.7% | 2.6 |
| EMMERECHTS Grimbergen | €2.6m | €743,598 | 34.4% | 4.8 |
| Movarec Tielt | €3.4m | €655,498 | 66.0% | 4 |
These companies have the same main activity as STARTER WALLONIA CONSTRUCTION: demolition (NACE 43110). They are comparable in size and age: total assets between €1.2m and €3.4m, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 04-06-2007Normal situation
- Registered office
- 52 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- DemolitionNACE 43110and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.164.942.8027540 Tournai, since 14-09-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €1.9m▲ 26.3%
- Employeeson 31-12-2025
- 3▲ 50.0%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on STARTER WALLONIA CONSTRUCTION
STARTER WALLONIA CONSTRUCTION files the abbreviated format. That format states no turnover. The gross margin rose from €83,649 in 2008 to €599,715 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STARTER WALLONIA CONSTRUCTION
- What is the company number of STARTER WALLONIA CONSTRUCTION?
- The company number of STARTER WALLONIA CONSTRUCTION is 0889.851.472. The VAT number is the same number with BE in front: BE 0889.851.472.
- Where is STARTER WALLONIA CONSTRUCTION based?
- The registered office is at Rue du Follet 10/202, 7540 Tournai.Company details
- What does STARTER WALLONIA CONSTRUCTION do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of STARTER WALLONIA CONSTRUCTION?
- STARTER WALLONIA CONSTRUCTION is a cooperative company (CV).
- When was STARTER WALLONIA CONSTRUCTION founded?
- STARTER WALLONIA CONSTRUCTION was founded on 04-06-2007.
- Is STARTER WALLONIA CONSTRUCTION still active?
- Yes, STARTER WALLONIA CONSTRUCTION is an active enterprise in the KBO register.
- How many employees does STARTER WALLONIA CONSTRUCTION have?
- STARTER WALLONIA CONSTRUCTION had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STARTER WALLONIA CONSTRUCTION fall under?
- In its 2025 annual accounts, STARTER WALLONIA CONSTRUCTION states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of STARTER WALLONIA CONSTRUCTION?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €599,715 and 145 comparable companies (NACE 43). It probably lies between €1.3m and €2.3m.
- Is STARTER WALLONIA CONSTRUCTION profitable?
- In financial year 2025, STARTER WALLONIA CONSTRUCTION made a profit of €136,866.
- Where can I find the annual accounts of STARTER WALLONIA CONSTRUCTION?
- STARTER WALLONIA CONSTRUCTION filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STARTER WALLONIA CONSTRUCTION due?
- STARTER WALLONIA CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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