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STYLE CONSTRUCT

Active
Private limited companyfounded 2021active for 4 yearsRue 't Serclaes de Tilly 40, 6061 Charleroi, BelgiumKBO/BCE: BE 0779.295.822
Summary

STYLE CONSTRUCT has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,646 and a net result of €133,889. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 24% of 9,044 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, micro format

Equity
€59,646▼ 59.2%
2024 · €146,205
Total assets
€348,127▼ 21.9%
2024 · €445,659
Net result
€133,889▲ 429%
2024 · €25,318
Working capital
€52,388▼ 63.2%
2024 · €142,427
Trend over the years

2022 to 2025, 4 financial years

The operating result recovers in 2025; 2025 is 356% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€188,147 2025 Net result€133,889 2025

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).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€79,061-€85,651▲ 8.3%€41,226▼ 51.9%€188,147▲ 356%
Net result€56,146above the sector's middle half-€61,241above the sector's middle half▲ 9.1%€25,318within the sector's middle half▼ 58.7%€133,889above the sector's middle half▲ 429%
Equity€59,646within the sector's middle half-€120,887above the sector's middle half▲ 103%€146,205above the sector's middle half▲ 20.9%€59,646within the sector's middle half▼ 59.2%
Total assets€274,548within the sector's middle half-€384,796above the sector's middle half▲ 40.2%€445,659above the sector's middle half▲ 15.8%€348,127above the sector's middle half▼ 21.9%
Debt€214,902-€263,909▲ 22.8%€299,454▲ 13.5%€288,480▼ 3.7%
Working capital€58,853within the sector's middle half-€117,153above the sector's middle half▲ 99.1%€142,427above the sector's middle half▲ 21.6%€52,388within the sector's middle half▼ 63.2%
Solvency21.7%within the sector's middle half-31.4%within the sector's middle half▲ 9.7pp32.8%within the sector's middle half▲ 1.4pp17.1%below the sector's middle half▼ 15.7pp
Current ratio1.27within the sector's middle half-1.47within the sector's middle half▲ 0.191.49within the sector's middle half▲ 0.021.18within the sector's middle half▼ 0.30
Return on assets (ROA)20.5%above the sector's middle half-15.9%within the sector's middle half▼ 4.5pp5.7%within the sector's middle half▼ 10.2pp38.5%above the sector's middle half▲ 32.8pp
above within below 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348,127
Fixed assets €8,754 ▼ 20.8%
Current assets €339,373 ▼ 21.9%
Equity and liabilities €348,127
Equity €59,646 ▼ 59.2%
Debt €288,480 ▼ 3.7%
Debt's share of the balance-sheet total rises from 67.2% to 82.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€193,721▲
2024 · €46,668
Cash flow
€139,463▲
2024 · €30,760
Debt to equity
4.84▲
2024 · 2.05
ROE
224.5%▲
2024 · 17.3%
Interest coverage
25.42▲
2024 · 4.02
Debt ≤ 1 year
€286,986▼
2024 · €292,174
Debt > 1 year
€1,495▼
2024 · €7,280
Income taxes
€46,842▲
2024 · €7,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 7,976 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€445,659€348,127▼
Fixed assets21/28€11,058€8,754▼
Tangible fixed assets22/27€11,058€8,754▼
Plant, machinery and equipment23-€1,217
Furniture and vehicles24€11,058€7,536▼
Current assets29/58€434,601€339,373▼
Stocks and contracts in progress3€325,960€0▼
Stocks30/36€325,960€0▼
Amounts receivable within one year40/41€87,697€64,059▼
Trade receivables40€43,031€48,660▲
Other amounts receivable41€44,666€15,399▼
Cash at bank and in hand54/58€19,619€274,350▲
Deferred charges and accrued income490/1€1,325€964▼
Equity and liabilities
Total equity and liabilities10/49€445,659€348,127▼
Equity10/15€146,205€59,646▼
Contributions10/11€3,500€3,500=
Reserves13€56,146€56,146=
Distributable reserves133€56,146€56,146=
Profit (loss) carried forward14€86,559€0▼
Amounts payable17/49€299,454€288,480▼
Amounts payable after more than one year17€7,280€1,495▼
Financial debts170/4€7,280€1,495▼
Amounts payable within one year42/48€292,174€286,986▼
Current portion of amounts payable after more than one year42€5,486€5,785▲
Financial debts43€193,100€0▼
Credit institutions430/8€193,100€0▼
Trade debts44€59,056€70,298▲
Suppliers440/4€59,056€70,298▲
Advances received on contracts in progress46€7,726€7,726=
Taxes, remuneration and social security45€26,807€29,107▲
Taxes450/3€15,766€18,067▲
Remuneration and social security454/9€11,040€11,040=
Other amounts payable47/48-€174,070
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,442€5,574▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€30,555€0▼
Other operating charges640/8€1,263€1,716▲
Gross operating margin9900€78,485€195,438▲
Operating profit (loss)9901€41,226€188,147▲
Financial income75/76B€2,766€205▼
Recurring financial income75€2,766€205▼
Financial charges65/66B€11,612€7,621▼
Recurring financial charges65€11,612€7,621▼
Profit (loss) for the period before taxes9903€32,380€180,731▲
Income taxes67/77€7,062€46,842▲
Profit (loss) for the period9904€25,318€133,889▲
Profit (loss) for the period to be appropriated9905€25,318€133,889▲
Appropriation of the result
Profit (loss) to be appropriated9906€86,559€220,447▲
Profit (loss) brought forward from the previous period14P€61,241€86,559▲
Profit to be distributed694/7-€220,447
Return on contributions (dividend)694-€220,447

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A€416€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,441€4,554€5,442€5,574▲ 2.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€30,555€0▼ 100%
Other operating charges640/8€1,238€1,043€1,263€1,716▲ 35.9%
Gross operating margin9900€81,740€91,247€78,485€195,438▲ 149%
Operating profit (loss)9901€79,061€85,651€41,226€188,147▲ 356%
Financial income75/76B€388€234€2,766€205▼ 92.6%
Recurring financial income75€388€234€2,766€205▼ 92.6%
Financial charges65/66B€1,405€8,878€11,612€7,621▼ 34.4%
Recurring financial charges65€1,405€8,878€11,612€7,621▼ 34.4%
Profit (loss) for the period before taxes9903€78,044€77,007€32,380€180,731▲ 458%
Income taxes67/77€21,898€15,766€7,062€46,842▲ 563%
Profit (loss) for the period9904€56,146€61,241€25,318€133,889▲ 429%
Profit (loss) for the period to be appropriated9905€56,146€61,241€25,318€133,889▲ 429%
Line2022202320242025Change
Assets
Total assets20/58€274,548€384,796€445,659€348,127▼ 21.9%
Fixed assets21/28€793€16,500€11,058€8,754▼ 20.8%
Tangible fixed assets22/27€793€16,500€11,058€8,754▼ 20.8%
Plant, machinery and equipment23---€1,217-
Furniture and vehicles24€793€16,500€11,058€7,536▼ 31.8%
Current assets29/58€273,755€368,297€434,601€339,373▼ 21.9%
Stocks and contracts in progress3€188,978€255,115€325,960€0▼ 100%
Stocks30/36€188,978€255,115€325,960€0▼ 100%
Amounts receivable within one year40/41€67,299€96,159€87,697€64,059▼ 27.0%
Trade receivables40€67,294€87,642€43,031€48,660▲ 13.1%
Other amounts receivable41€5€8,517€44,666€15,399▼ 65.5%
Cash at bank and in hand54/58€17,078€15,749€19,619€274,350▲ 1,298%
Deferred charges and accrued income490/1€400€1,273€1,325€964▼ 27.2%
Equity and liabilities
Total equity and liabilities10/49€274,548€384,796€445,659€348,127▼ 21.9%
Equity10/15€59,646€120,887€146,205€59,646▼ 59.2%
Contributions10/11€3,500€3,500€3,500€3,500=
Reserves13€56,146€56,146€56,146€56,146=
Distributable reserves133€56,146€56,146€56,146€56,146=
Profit (loss) carried forward14-€61,241€86,559€0▼ 100%
Amounts payable17/49€214,902€263,909€299,454€288,480▼ 3.7%
Amounts payable after more than one year17-€12,766€7,280€1,495▼ 79.5%
Financial debts170/4-€12,766€7,280€1,495▼ 79.5%
Amounts payable within one year42/48€214,902€251,144€292,174€286,986▼ 1.8%
Current portion of amounts payable after more than one year42-€5,203€5,486€5,785▲ 5.4%
Financial debts43€131,000€131,000€193,100€0▼ 100%
Credit institutions430/8€131,000€131,000€193,100€0▼ 100%
Trade debts44€65,766€76,233€59,056€70,298▲ 19.0%
Suppliers440/4€65,766€76,233€59,056€70,298▲ 19.0%
Advances received on contracts in progress46--€7,726€7,726=
Taxes, remuneration and social security45€17,947€38,707€26,807€29,107▲ 8.6%
Taxes450/3€12,427€27,667€15,766€18,067▲ 14.6%
Remuneration and social security454/9€5,520€11,040€11,040€11,040=
Other amounts payable47/48€189€0-€174,070-
Line2022202320242025Change
Profit (loss) for the period9904€56,146€61,241€25,318€133,889▲ 429%
+ Depreciation and write-downs630€1,441€4,554€5,442€5,574▲ 2.4%
Operating cash flow (approximation)€57,587€65,794€30,760€139,463▲ 353%
Investment in fixed assets (approximation)--€20,260€0-€3,270-
Change in cash--€1,329€3,870€254,731▲ 6,483%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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