Equity
Equity fell by 64% in 13 years.
Equity fell by 64% in 13 years.
Of this, €175,819 falls due within a year.
Short-term debts fell from €217,785 to €175,819.
Four of the last ten came late. The 2018 accounts came latest: 159 days after the end of the period.
A director left. Latest change 05-01-2026 · 4 in office.
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, small). It does better than 29% of them on solvency, 85% on liquidity, 26% on profitability and 38% 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).
In July 2024, 4,685 companies had the same profile as SUD - CONSTRUCT has now. Each dot stands for 12 companies, two years later.
That fits the bankruptcy probability of SUD - CONSTRUCT itself: 0.1% within 12 months.
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 4,685 companies, not a prediction for SUD - CONSTRUCT. 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.
Liquidity is ample, with a current ratio of 27.02 (2.36 in 2024), above the usual 1.5. Short-term debt is 3.7% and cash 12.7% of total assets. However, 82.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SUD - CONSTRUCT Woluwe-Saint-Lambert | €4.8m | - | 17.5% | - |
| Algemene Bouwonderneming Rombouts Beerse | €4.6m | €0.1m | 19.3% | 4.6 |
| BRABANTSE AANNEMINGSWERKEN Ternat | €4.9m | €1.0m | 56.6% | 9.9 |
| HILGER Amblève | €4.5m | €0.4m | 42.9% | 4 |
| ANDRE CHENE Trooz | €4.9m | €1.7m | 15.3% | 35.1 |
| Algemene Bouwwerken Van Hauteghem Oudenaarde | €5.0m | €2.3m | 70.8% | 17.7 |
| Bouwbedrijf DR Puurs-Sint-Amands | €4.7m | €0.3m | 83.8% | 0 |
These companies have the same main activity as SUD - CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €4.5m and €5m, founded between 1982 and 1987.
SUD - CONSTRUCT has existed since 1985. Turnover fell from €14.4m in 2019 to €72,154 in 2023.
Solvency fell in 2025 from 65.8% to 17.5%.
Entreprises Jacques Delens holds all the shares. In July 2024, the Official Gazette published the appointment of Etienne BANSE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 26% of 1,037 companies in 2025.
Higher than 95% of 1,016 companies in 2025.
Higher than 30% of 1,032 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Not in that year's accounts.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
4.8m | 1.3m | 1.3m | 1.6m | 2.2m | 4.6m | 7.3m | 7.5m | 8.3m | 7.2m | 6.6m | 6.2m | 7.2m | 8.6m | 5.1m | |
21/28 |
- | 744,250 | 32,500 | - | - | 20,839 | 75 | 75 | 2,758 | 1,146 | 3,079 | 10,103 | 33,745 | 49,249 | 79,000 | |
22/27 |
- | - | - | - | - | 20,764 | - | - | 183 | 571 | 1,704 | 7,228 | 32,370 | 48,524 | 78,500 | |
24 |
- | - | - | - | - | 20,764 | - | - | 183 | 571 | 1,704 | 7,228 | 28,803 | 41,664 | 58,744 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,567 | 6,860 | 19,756 | |
28 |
- | 744,250 | 32,500 | - | - | 75 | 75 | 75 | 2,575 | 575 | 1,375 | 2,875 | 1,375 | 725 | 500 | |
284/8 |
- | 744,250 | 32,500 | - | - | 75 | 75 | 75 | 2,575 | 575 | 1,375 | 2,875 | 1,375 | 725 | 500 | |
285/8 |
- | 744,250 | 32,500 | - | - | 75 | 75 | 75 | 2,575 | 575 | 1,375 | 2,875 | 1,375 | 725 | 500 | |
29/58 |
4.8m | 513,944 | 1.3m | 1.6m | 2.2m | 4.6m | 7.3m | 7.5m | 8.3m | 7.2m | 6.6m | 6.2m | 7.2m | 8.6m | 5.0m | |
3 |
4.1m | - | - | 44,367 | 690,236 | 1.2m | 52,204 | 1.8m | 2.4m | 1.8m | 763,932 | 316,909 | 741,928 | 1.0m | 630,093 | |
30/36 |
4.1m | - | - | 44,367 | 690,236 | 950,971 | - | 93,173 | 401,559 | 7,571 | 9,398 | 36,328 | 174,716 | 6,128 | 4,414 | |
30/31 |
- | - | - | - | - | - | - | 7,481 | 9,252 | 7,571 | 9,398 | 36,328 | 6,489 | 6,128 | 4,414 | |
35 |
4.1m | - | - | 44,367 | 690,236 | 950,971 | - | 85,692 | 392,307 | - | - | - | 168,228 | - | - | |
37 |
- | - | - | - | - | 286,537 | 52,204 | 1.8m | 2.0m | 1.8m | 754,534 | 280,581 | 567,212 | 1.0m | 625,679 | |
40/41 |
37,787 | 101,628 | 118,590 | 170,450 | 458,176 | 2.3m | 6.8m | 4.8m | 5.0m | 4.6m | 4.6m | 4.4m | 3.3m | 4.6m | 2.7m | |
40 |
32,613 | 52,436 | 57,397 | 158,227 | 399,676 | 2.2m | 6.6m | 4.6m | 4.6m | 4.5m | 4.4m | 4.2m | 3.2m | 4.4m | 2.5m | |
41 |
5,174 | 49,191 | 61,194 | 12,222 | 58,500 | 60,982 | 141,603 | 150,284 | 303,106 | 176,703 | 233,606 | 275,641 | 151,481 | 190,615 | 132,575 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | 45 | 1.0m | 1.5m | 2.5m | 1.7m | |
51/53 |
- | - | - | - | - | - | - | - | - | - | 45 | 1.0m | 1.5m | 2.5m | 1.7m | |
54/58 |
603,333 | 412,316 | 1.2m | 1.4m | 1.0m | 1.1m | 512,271 | 874,438 | 939,931 | 698,240 | 1.2m | 416,896 | 1.6m | 366,398 | 29,233 | |
490/1 |
- | - | - | 328 | 2,661 | - | - | 6,351 | 9,082 | 8,549 | 9,854 | 8,173 | 9,334 | 12,686 | 5,409 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
4.8m | 1.3m | 1.3m | 1.6m | 2.2m | 4.6m | 7.3m | 7.5m | 8.3m | 7.2m | 6.6m | 6.2m | 7.2m | 8.6m | 5.1m | |
10/15 |
831,234 | 828,366 | 856,107 | 851,405 | 643,336 | 589,008 | 2.1m | 1.7m | 1.9m | 2.3m | 2.3m | 2.2m | 2.2m | 2.3m | 2.1m | |
10/11 |
550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | |
10 |
550,000 | 550,000 | 550,000 | 550,000 | 550,000 | - | - | - | - | - | - | - | - | - | - | |
100 |
550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | 550,000 | |
13 |
55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | |
130/1 |
55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | - | - | - | - | - | - | - | - | - | |
130 |
55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | 55,000 | |
14 |
226,234 | 223,366 | 251,107 | 246,405 | 38,336 | -15,992 | 1.5m | 1.1m | 1.3m | 1.7m | 1.6m | 1.6m | 1.6m | 1.7m | 1.5m | |
16 |
83,350 | 212,043 | 190,845 | 237,845 | 330,000 | 310,000 | - | 143,434 | 46,697 | 75,000 | 75,744 | 75,132 | - | - | 110,179 | |
160/5 |
83,350 | 212,043 | 190,845 | 237,845 | 330,000 | 310,000 | - | 143,434 | 46,697 | 75,000 | 75,744 | 75,132 | - | - | 110,179 | |
163 |
- | - | - | 237,845 | 330,000 | - | - | - | - | - | - | - | - | - | - | |
164/5 |
83,350 | 212,043 | 190,845 | - | - | 310,000 | - | 143,434 | 46,697 | 75,000 | 75,744 | 75,132 | - | - | 110,179 | |
17/49 |
3.8m | 217,785 | 289,350 | 487,538 | 1.2m | 3.7m | 5.2m | 5.7m | 6.4m | 4.8m | 4.3m | 3.9m | 5.0m | 6.3m | 2.9m | |
17 |
3.7m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
2.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
173 |
2.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
1.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
175,819 | 217,785 | 289,083 | 487,271 | 1.2m | 3.7m | 5.2m | 5.6m | 6.4m | 4.8m | 4.3m | 3.9m | 5.0m | 6.3m | 2.8m | |
44 |
171,445 | 217,785 | 256,583 | 486,456 | 1.1m | 3.2m | 4.1m | 3.9m | 4.7m | 2.7m | 2.9m | 2.3m | 2.6m | 3.6m | 1.5m | |
440/4 |
171,445 | 217,785 | 256,583 | 486,456 | 1.1m | 3.2m | 4.1m | 3.9m | 4.7m | 2.7m | 2.9m | 2.3m | 2.6m | 3.6m | 1.5m | |
46 |
- | - | - | - | - | 280,914 | 652,376 | 428,972 | 1.4m | 1.6m | 902,925 | 1.2m | 1.4m | 1.7m | 555,741 | |
45 |
4,374 | - | - | 283 | 29,069 | 270,530 | 405,938 | 333,060 | 297,177 | 489,695 | 418,799 | 369,079 | 487,502 | 471,331 | 312,563 | |
450/3 |
4,374 | - | - | 283 | 21,500 | 131,396 | 104,098 | 106,076 | 53,638 | 153,659 | 66,996 | 75,916 | 97,836 | 93,115 | 65,325 | |
454/9 |
- | - | - | - | 7,570 | 139,134 | 301,839 | 226,984 | 243,540 | 336,036 | 351,803 | 293,162 | 389,666 | 378,217 | 247,238 | |
47/48 |
- | - | 32,500 | 531 | 104,038 | 606 | 561 | 1.0m | 9,468 | 12,097 | 109,755 | 9,869 | 509,510 | 511,352 | 506,729 | |
492/3 |
- | - | 266 | 267 | 7,576 | 2,196 | 3,016 | 10,039 | 432 | 3,854 | 2,292 | 1,549 | 24,702 | 7,732 | 34,642 | |
| Income statement | ||||||||||||||||
70/76A |
67,752 | 27,983 | 141,886 | 1.1m | 1.6m | 6.5m | 13.8m | 15.3m | 12.7m | 13.4m | 14.3m | 10.6m | 15.0m | 15.1m | 10.7m | |
70 |
- | - | 72,154 | 996,069 | 1.7m | 6.3m | 14.4m | 15.7m | 11.9m | 12.1m | 13.5m | 10.5m | 15.1m | 13.9m | 11.1m | |
71 |
- | - | - | - | -286,537 | 234,333 | -1.3m | -545,297 | 575,307 | 1.1m | 473,953 | -454,859 | -303,868 | 1.0m | -551,296 | |
74 |
66,521 | 27,983 | 69,732 | 141,122 | 173,620 | - | - | - | - | - | - | - | - | - | - | |
76A |
1,231 | - | - | - | - | - | 3,900 | - | - | - | - | - | - | - | - | |
60/66A |
-43,758 | 54,677 | 146,349 | 865,302 | 1.5m | 6.3m | 13.2m | 14.1m | 13.1m | 13.4m | 14.0m | 10.6m | 14.4m | 14.4m | 10.1m | |
60 |
-51,164 | 12,494 | 45,934 | 875,387 | 1.4m | 3.9m | 10.5m | 11.4m | 9.9m | 10.5m | 11.1m | 7.6m | 11.1m | 11.4m | 7.9m | |
600/8 |
4.1m | 12,494 | 1,567 | 229,519 | 1.2m | 3.9m | 10.5m | 11.4m | 9.9m | 10.5m | 11.0m | 7.6m | 11.1m | 11.4m | 7.9m | |
609 |
-4.1m | - | 44,367 | 645,869 | 260,735 | - | 7,481 | 1,771 | -1,681 | 1,827 | 26,931 | -29,840 | -360 | 22,408 | 3,794 | |
61 |
14,525 | 20,677 | 40,695 | 47,148 | 33,394 | 367,440 | 731,749 | 716,001 | 657,540 | 481,756 | 527,204 | 499,523 | 633,954 | 551,378 | 383,643 | |
62 |
- | - | - | - | - | 1.4m | 1.7m | 1.9m | 2.5m | 2.4m | 2.5m | 2.4m | 2.5m | 2.3m | 1.8m | |
630 |
- | - | - | - | - | 6,763 | - | 183 | 388 | 1,133 | 5,524 | 13,178 | 17,699 | 18,024 | 25,327 | |
631/4 |
14,317 | - | - | - | - | 302,423 | - | - | - | - | -44,797 | - | - | 66,575 | -17,640 | |
635/8 |
-128,693 | 21,198 | -47,000 | -92,155 | 20,000 | 310,000 | -143,434 | 96,737 | -28,303 | -744 | 612 | 75,132 | - | - | 18,625 | |
640/8 |
107,258 | 307 | 106,720 | 34,921 | 21,487 | 33,654 | 448,638 | 60,253 | 105,898 | 40,888 | 25,235 | 24,299 | 127,261 | 57,889 | 37,201 | |
66A |
- | - | - | - | 5,888 | - | - | - | - | - | - | - | - | - | - | |
9901 |
111,510 | -26,694 | -4,463 | 271,889 | 94,355 | 178,648 | 579,788 | 1.2m | -420,077 | 49,931 | 234,882 | 25,236 | 574,485 | 737,863 | 607,223 | |
75/76B |
115 | - | - | 12,194 | 7,501 | 0 | 3,258 | 9,443 | 21,058 | 48,794 | 49,046 | 26,710 | 46,503 | 57,322 | 87,747 | |
75 |
115 | - | - | 12,194 | 7,501 | 0 | 3,258 | 9,443 | 21,058 | 48,794 | 49,046 | 26,710 | 46,503 | 57,322 | 87,747 | |
750 |
115 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
751 |
- | - | - | - | - | - | - | - | - | - | 2,936 | 11,244 | 27,318 | 23,613 | 64,061 | |
752/9 |
- | - | - | 12,194 | 7,501 | 0 | 3,258 | 9,443 | 21,058 | 48,794 | 46,110 | 15,466 | 19,186 | 33,710 | 23,686 | |
65/66B |
106,281 | 2,242 | 3,652 | 9,026 | 36,471 | 26,540 | 23,852 | 25,136 | 24,067 | 19,387 | 20,590 | 20,832 | 22,484 | 20,907 | 7,791 | |
65 |
106,281 | 2,242 | 3,652 | 9,026 | 36,471 | 26,540 | 23,852 | 25,136 | 24,067 | 19,387 | 20,590 | 20,832 | 22,484 | 20,907 | 7,791 | |
650 |
54,408 | - | - | 359 | - | 8,689 | 6,143 | 7,378 | 8,782 | 9,239 | 10,789 | 11,447 | 12,565 | 11,852 | - | |
652/9 |
51,873 | 2,242 | 3,652 | 8,668 | 36,471 | 17,851 | 17,709 | 17,758 | 15,285 | 10,148 | 9,801 | 9,386 | 9,919 | 9,055 | 7,791 | |
9903 |
5,344 | -28,935 | -8,115 | 275,056 | 65,385 | 152,108 | 559,194 | 1.1m | -423,086 | 79,338 | 263,338 | 31,114 | 598,504 | 774,278 | 687,179 | |
67/77 |
2,476 | -1,194 | -12,816 | 66,987 | 11,057 | 211,160 | 100,000 | 308,180 | 8,617 | 46,135 | 124,227 | 19,253 | 214,258 | 261,081 | 161,962 | |
670/3 |
4,374 | 4,000 | 30,000 | 71,797 | 74,557 | 248,210 | 100,000 | 308,180 | 8,617 | 46,135 | 124,227 | 20,518 | 214,258 | 265,611 | 223,639 | |
77 |
1,898 | 5,194 | 42,816 | 4,810 | 63,500 | 37,051 | - | - | - | - | - | 1,266 | - | 4,530 | 61,678 | |
9904 |
2,868 | -27,741 | 4,701 | 208,069 | 54,328 | -59,052 | 459,194 | 833,606 | -431,703 | 33,203 | 139,111 | 11,861 | 384,246 | 513,197 | 525,217 | |
9905 |
2,868 | -27,741 | 4,701 | 208,069 | 54,328 | -59,052 | 459,194 | 833,606 | -431,703 | 33,203 | 139,111 | 11,861 | 384,246 | 513,197 | 525,217 | |
| Appropriation of the result | ||||||||||||||||
9906 |
226,234 | 223,366 | 251,107 | 246,405 | 38,336 | 1.5m | 1.5m | 2.1m | 1.3m | 1.7m | 1.7m | 1.6m | 2.1m | 2.2m | 2.0m | |
14P |
223,366 | 251,107 | 246,405 | 38,336 | -15,992 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | 1.5m | - | 1.0m | - | - | 100,000 | - | 500,000 | 500,000 | 500,000 | |
694 |
- | - | - | - | - | 1.5m | - | 1.0m | - | - | 100,000 | - | 500,000 | 500,000 | 500,000 | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | - | - | - | 26.7 | 27.1 | 28.8 | 29.8 | 32.3 | 33.7 | 32 | 33.9 | 32.7 | 28.6 | |
Men (FTE)1003 |
- | - | - | - | - | 25.7 | 26.1 | 26.8 | 27.5 | 30.3 | 30.7 | 29 | 31.2 | 30.7 | - | |
Women (FTE)1003 |
- | - | - | - | - | 1 | 1 | 2 | 2.3 | 2 | 3 | 3 | 2.7 | 2 | - | |
Agency workers1501 |
- | - | - | - | - | - | - | 0.2 | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | 29,575 | 33,605 | 36,953 | 43,004 | 50,789 | 51,608 | 48,093 | 52,362 | 50,035 | 45,030 | |
| Document | ||||||||||||||||
The accounts for 23 older financial years (1985-2007) were filed as documents without figures as data, scans for example.
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-05-2026 | 2026-00126802 | |
| 31-12-2024 | full format | 02-07-2025 | 2025-00233645 | |
| 31-12-2023 | full format | 05-07-2024 | 2024-00232484 | |
| 31-12-2022 | full format | 03-07-2023 | 2023-00198657 | |
| 31-12-2021 | full format | 27-07-2022 | 2022-20240436 | |
| 31-12-2020 | full format | 13-08-2021 | 2021-50400457 | |
| 31-12-2019 | full format | 14-10-2020 | 2020-62200164 | |
| 31-12-2018 | full format | 06-01-2020 | 2020-00300022 | |
| 31-12-2017 | full format | 08-11-2018 | 2018-71900231 | |
| 31-12-2016 | full format | 11-07-2017 | 2017-30200028 | |
| 31-12-2015 | full format | 10-06-2016 | 2016-16700335 | |
| 31-12-2014 | full format | 11-06-2015 | 2015-16800112 | |
| 31-12-2013 | full format | 16-06-2014 | 2014-17700370 | |
| 31-12-2012 | full format | 05-06-2013 | 2013-15800395 | |
| 31-12-2011 | full format | 05-06-2012 | 2012-15000299 | |
| 31-12-2010 | full format | 17-05-2011 | 2011-11600383 | |
| 31-12-2009 | full format | 18-05-2010 | 2010-12200241 | |
| 31-12-2008 | full format | 13-05-2009 | 2009-14700144 | |
| 31-12-2007 | full format | 27-05-2008 | 2008-14900389 | |
| 31-12-2006 | full format | 09-05-2007 | 2007-13800051 | |
| 31-12-2005 | full format | 11-05-2006 | 2006-13900114 | |
| 31-12-2004 | full format | 23-05-2005 | 2005-15500249 | |
| 31-12-2003 | full format | 19-05-2004 | 2004-15600185 | |
| 31-12-2002 | full format | 27-05-2003 | 2003-16600121 | |
| 31-12-2001 | full format | 11-06-2002 | 2002-18800201 | |
| 31-12-2000 | full format | 31-05-2001 | 2001-15400236 | |
| 31-12-1999 | unclassified schema | 15-05-2000 | 2000-12800161 | |
| 31-12-1998 | unclassified schema | 26-05-1999 | 1999-11604877 | |
| 31-12-1997 | unclassified schema | 19-05-1998 | 1998-10700256 | |
| 31-12-1996 | unclassified schema | 26-05-1997 | 1997-09401862 | |
| 31-12-1995 | unclassified schema | 13-06-1996 | 1996-15602106 | |
| 31-12-1994 | unclassified schema | 02-06-1995 | 1995-11400667 | |
| 31-12-1993 | unclassified schema | 30-05-1994 | 1994-10301797 | |
| 31-12-1992 | unclassified schema | 10-06-1993 | 1993-11703634 | |
| 31-12-1991 | unclassified schema | 04-06-1992 | 1992-08700244 | |
| 31-12-1990 | unclassified schema | 13-06-1991 | 1991-09700697 | |
| 31-12-1989 | unclassified schema | 12-06-1990 | 1990-08204357 | |
| 31-12-1988 | unclassified schema | 29-05-1989 | 1989-05500384 | |
| 31-12-1987 | unclassified schema | 31-05-1988 | 1988-05403398 | |
| 31-12-1986 | unclassified schema | 21-05-1987 | 1987-06703069 | |
| 31-12-1985 | unclassified schema | 04-06-1986 | 1986-10901325 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | 185,411 | - | 1.2m | -419,690 | 51,065 | 240,406 | 38,414 | 592,184 | 755,887 | 632,550 | ||
| - | - | - | - | - | -52,288 | - | 833,789 | -431,316 | 34,336 | 144,635 | 25,039 | 401,946 | 531,220 | 550,544 | ||
| - | - | - | - | - | 27,528 | - | -2,500 | 2,000 | -800 | -1,500 | -10,464 | 1,546 | 579 | 8,804 | ||
| 191,017 | -772,895 | -176,433 | 323,858 | -38,991 | 564,505 | -362,167 | -65,494 | 241,691 | -549,286 | 830,630 | -1.2m | 1.2m | - | - | ||
| 4.6m | 296,159 | 1.0m | 1.1m | 980,912 | 880,365 | 2.2m | 1.8m | 1.9m | 2.4m | 2.3m | 2.3m | 2.2m | 2.3m | 2.2m | ||
| - | - | -6.2% | 27.3% | 5.5% | 2.9% | 4.0% | 7.4% | -3.5% | 0.4% | 1.7% | 0.2% | 3.8% | 5.3% | 5.5% | ||
| 17.5% | 65.8% | 64.1% | 54.0% | 29.4% | 12.7% | 29.3% | 22.5% | 22.4% | 31.9% | 34.0% | 35.8% | 30.7% | 26.9% | 41.4% | ||
| 27.02 | 2.36 | 4.51 | 3.24 | 1.81 | 1.24 | 1.42 | 1.33 | 1.30 | 1.49 | 1.54 | 1.59 | 1.44 | 1.36 | 1.77 | ||
| 3.65 | 2.36 | 4.51 | 3.14 | 1.24 | 0.90 | 1.41 | 1.00 | 0.92 | 1.11 | 1.36 | 1.51 | 1.29 | 1.20 | 1.55 | ||
| 4.62 | 0.26 | 0.34 | 0.57 | 1.89 | 6.34 | 2.41 | 3.35 | 3.45 | 2.10 | 1.91 | 1.76 | 2.26 | 2.71 | 1.36 | ||
| 0.3% | -3.3% | 0.5% | 24.4% | 8.4% | -10.0% | 21.4% | 49.4% | -23.3% | 1.5% | 6.2% | 0.5% | 17.4% | 22.1% | 24.8% | ||
| 0.1% | -2.2% | 0.4% | 13.2% | 2.5% | -1.3% | 6.3% | 11.1% | -5.2% | 0.5% | 2.1% | 0.2% | 5.3% | 6.0% | 10.3% | ||
| - | - | - | - | - | 21.34 | - | over 100 | -47.79 | 5.53 | 22.28 | 3.36 | 47.13 | 63.78 | - | ||
| - | - | 290 days | 58 days | 85 days | 131 days | 168 days | 108 days | 143 days | 135 days | 118 days | 144 days | 76 days | 116 days | 83 days | ||
| - | 2396 days | 1081 days | 192 days | 269 days | 273 days | 134 days | 117 days | 162 days | 90 days | 90 days | 105 days | 80 days | 109 days | 65 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Source: 2023 accounts, page 17, filing 2024-00232484
Source: 2020 accounts, page 17, filing 2021-50400457
| By activity | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Construction neuves | - | - | - | €5,256,048 | €10,393,645 | €5,704,679 | €1,556,617 | €996,069 | €72,154 |
| Rénovations | €5,741,657 | €7,942,295 | €8,240,628 | €10,029,799 | €4,009,396 | €545,762 | €156,210 | - | - |
| constructions neuves | €8,525,771 | €5,471,774 | €4,436,083 | - | - | - | - | - | - |
| Total | €14,267,428 | €13,414,069 | €12,676,711 | €15,285,847 | €14,403,041 | €6,250,441 | €1,712,826 | €996,069 | €72,154 |
| Item | 31-12-2021 |
|---|---|
| Joined | 0 |
| Left | 26 |
Source: social balance sheet in the 2021 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €2,100 | €2,000 | €3,472 | €3,150 | €3,204 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is a profit of €111,510, after a loss of €26,694 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total rises from 17.3% to 80.7%. Equity and debt are higher.
Further up the chainBESIX Group 100%
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of Entreprises Jacques Delens. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group BESIX Group Group, risk and exposure| N.V. BESIX S.A.
registered office since 01-12-1973 · founded in 1973 · group BESIX Group |
809 FTE (2025) 0413.630.071 |
| BESIX Group
registered office since 01-01-1909 · founded in 1909 |
turnover €9.3m (2025) 0400.459.154 |
| BRAVO4 SPV
registered office since 05-04-2024 · founded in 2024 |
total assets €313.2m (2025) 1008.084.772 |
| BESIX Real Estate Development
registered office since 07-10-1988 · founded in 1988 · group BESIX Group |
turnover €11.8m (2025) 0435.351.341 |
| FOSTER SPV
registered office since 27-04-2023 · founded in 2023 |
total assets €131.7m (2025) 0801.212.080 |
| Entreprises Jacques Delens
registered office since 01-01-1967 · founded in 1968 · group BESIX Group |
141 FTE (2025) 0400.471.428 |
| LE CÔTE VERRE
registered office since 29-03-2007 · founded in 2007 |
total assets €49.3m (2025) 0888.978.175 |
| LES JARDINS DE COURBEVOIE
registered office since 01-08-2010 · founded in 2010 |
turnover €13.9m (2025) 0827.687.835 |
| GELATINES PROPERTIES
registered office since 07-04-2021 · founded in 2021 |
total assets €27.2m (2025) 0766.451.537 |
| BESIX Real Estate Development Properties
registered office since 30-11-1992 · founded in 1992 |
total assets €23.3m (2025) 0448.788.613 |
| BUILDING INTEGRATED GREENHOUSES via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 08-06-2023 Open bankruptcy · founded in 2015 |
14 FTE (2024) |
| OLYMPIADES BRUSSELS HOTEL via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 11-05-2018 founded in 2002 · negative equity (2025) · group BESIX Group |
71 FTE (2025) |
| LES NEWS 24 via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 07-11-2018 founded in 2018 · negative equity (2025) · group MAJA Group |
13 FTE (2025) |
| Next Day Investment Management via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Permanent representative · deed of 03-01-2023 founded in 2021 · negative equity (2025) |
total assets €462,799 (2025) |
| Next Day Asset Management via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Permanent representative · deed of 21-02-2024 founded in 2021 · negative equity (2025) |
0.8 FTE (2025) |
| Next Day Fund Manager via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Permanent representative · deed of 03-05-2024 founded in 2024 · negative equity (2025) |
total assets €48,276 (2025) |
| ING BELGIQUE via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 19-12-2016 founded in 1935 · group ING GROEP N.V. |
total assets €149.20bn (2024) |
| VAHF via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 20-04-2016 founded in 1971 |
6.5 FTE (2020) |
| ROGLINE via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Chair of the board · deed of 30-09-2026 founded in 2008 |
total assets €40.8m (2025) |
| BELASCO via POLET Jean, no longer at BELASCO · Director · deed of 17-08-2022 founded in 2011 · group BESIX Group |
42 FTE (2025) |
| TALENCE via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director (not named in the articles) · deed of 03-05-2023 founded in 2011 · group ROGLINE |
total assets €26.1m (2025) |
| FAIR ESTATE INVEST via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Day-to-day manager · deed of 02-06-2025 founded in 1989 · group ROGLINE |
total assets €21.9m (2025) |
| MANCO INVESTMENT COMPANY SCRL via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 21-04-2026 founded in 2004 · group BEVAFIN |
total assets €19.9m (2025) |
| VRIJ SECUNDAIR ONDERWIJS POPERINGE - SINT-BERTINUS via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 30-06-2026 founded in 1999 |
turnover €2.2m (2023) |
| EPSYMMO via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 29-11-2011 founded in 1995 |
turnover €408,021 (2025) |
| OLYMPIC INVEST via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 21-10-2020 founded in 2006 · group BESIX Group |
total assets €10.4m (2025) |
| AUDYMATT via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Permanent representative · deed of 21-06-2023 founded in 2017 |
total assets €9.2m (2025) |
| Fédération belge du Secteur Financier - Belgische Federatie van de Financiële Sector - Belgian Financial sector Federation via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 07-04-2015 founded in 2013 |
42 FTE (2025) |
| FAIR ESTATE via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Day-to-day manager · deed of 02-06-2025 founded in 2012 · group ROGLINE |
1 FTE (2025) |
| DELDEV via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Permanent representative · deed of 09-12-2019 founded in 2019 |
total assets €6.6m (2025) |
| C&R IMMO via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director (not named in the articles) · deed of 22-12-2020 founded in 2008 · group ROGLINE |
total assets €4.6m (2025) |
| BECI-BRUSSELS CHAMBER OF COMMERCE via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 02-12-2010 founded in 1961 |
21 FTE (2026) |
| DELKEYM via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 19-02-2024 founded in 1999 |
total assets €3.2m (2025) |
| MATTAUDAN via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Permanent representative · deed of 12-08-2026 founded in 2023 |
total assets €538,037 (2025) |
| ESPACE ROLIN - ROLIN RUIMTE via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 23-07-2007 founded in 1993 |
turnover €54,433 (2025) |
| ManCo Investment Company Plus via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 18-08-2026 founded in 2010 |
total assets €19,113 (2025) |
| AEDIFICAS via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 11-07-2023 |
founded in 2011 |
| BUILDWISE via POLET Jean, no longer at BUILDWISE · Director · deed of 28-12-2018 |
founded in 1959 |
| Business Club Belgium-Luxembourg via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Director · deed of 02-09-2024 |
founded in 2019 |
| ENSEMBLE EN CHEMIN via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Administrateur fondateur non statutaire · deed of 10-09-2025 |
founded in 2018 |
| Plans Additionnels D'ING Belgique via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Chair · deed of 04-11-2014 |
founded in 2014 |
| WAREHOUSES DE PAUW via Rik VANDENBERGHE, at SUD - CONSTRUCT until 2021 · Chair of the board · deed of 19-05-2023 |
founded in 1977 |
| BIGH ANDERLECHT via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Director · deed of 08-06-2023 No longer active |
16 FTE (2022) |
| WEST CONSTRUCT via POLET Jean, no longer at WEST CONSTRUCT · Director No longer active |
total assets €1.4m (2023) |
| BIGH MANAGEMENT via Jean-Jacques Delens, at SUD - CONSTRUCT, last mentioned in 2017 · Permanent representative · deed of 12-10-2020 No longer active |
total assets €52,521 (2021) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
SUD - CONSTRUCT was incorporated on 31 May 1985.1 The registered office was moved to Woluwe-Saint-Lambert in 2024.2 The board currently has 4 members. GABELI has served longest, since 2023.3 Turnover fell from €15.7m in 2018 to €72,154 in 2023 and headcount from 28.8 full-time equivalents in 2018 to 26.7 in 2020.4
| Establishment | Since | Unit number |
|---|---|---|
| SUD-CONSTRUCT registered office Gemeenschappenlaan 100, 1200 Woluwe-Saint-Lambert | 14-10-2002 | 2.110.794.036 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21018A0151/00E000 | 2,591 m² | 1 · 1,070 m² | 27.7 m · 8 |
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. Use the enterprise number 0427.450.591
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