ToBUILD
ActiveSummary
The computed 12-month bankruptcy probability of ToBUILD is 1.7% (moderate). The 2025 annual accounts show equity of €116,867 and a net result of €19,770. Equity is growing by ~72% per year across the filed fiscal years. Its solvency ranks better than 58% of 7586 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency76▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.9 in 2024; short-term debt: 49.2% and cash: 0.1% of total assets), and 49.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
8.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
20 d late
2024
30 d late
2023
13 d late
2022
32 d early
2021
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€116,867▲ 20.4%
2024 · €97,097
Total assets
€229,938▲ 3.6%
2024 · €222,049
Net result
€19,770▼ 74.1%
2024 · €76,296
Working capital
€115,065▲ 13.6%
2024 · €101,262
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
Line20212022202320242025
Operating result€16,774-€47,347▲ 182%-€10,312€101,893€23,444▼ 77.0%
Net result€6,356within the sector's middle half-€30,108above the sector's middle half▲ 374%-€18,162below the sector's middle half€76,296above the sector's middle half€19,770within the sector's middle half▼ 74.1%
Equity€8,856below the sector's middle half-€38,963within the sector's middle half▲ 340%€20,802within the sector's middle half▼ 46.6%€97,097within the sector's middle half▲ 367%€116,867above the sector's middle half▲ 20.4%
Total assets€136,509within the sector's middle half-€179,709within the sector's middle half▲ 31.6%€148,453within the sector's middle half▼ 17.4%€222,049within the sector's middle half▲ 49.6%€229,938within the sector's middle half▲ 3.6%
Debt€127,653-€140,746▲ 10.3%€127,651▼ 9.3%€124,952▼ 2.1%€113,071▼ 9.5%
Working capital€43,841within the sector's middle half-€61,727within the sector's middle half▲ 40.8%€29,351within the sector's middle half▼ 52.5%€101,262above the sector's middle half▲ 245%€115,065above the sector's middle half▲ 13.6%
Solvency6.5%below the sector's middle half-21.7%within the sector's middle half▲ 15.2pp14.0%below the sector's middle half▼ 7.7pp43.7%within the sector's middle half▲ 29.7pp50.8%within the sector's middle half▲ 7.1pp
Current ratio1.70within the sector's middle half-1.64within the sector's middle half▼ 0.061.28within the sector's middle half▼ 0.361.90within the sector's middle half▲ 0.622.02within the sector's middle half▲ 0.12
Return on assets (ROA)4.7%within the sector's middle half-16.8%within the sector's middle half▲ 12.1pp-12.2%below the sector's middle half▼ 29.0pp34.4%above the sector's middle half▲ 46.6pp8.6%within the sector's middle half▼ 25.8pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229,938
Fixed assets
€1,802 ▼ 78.5%
Current assets
€228,136 ▲ 6.8%
Equity and liabilities €229,938
Equity
€116,867 ▲ 20.4%
Debt
€113,071 ▼ 9.5%
Debt's share of the balance-sheet total falls from 56.3% to 49.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,005▼
2024 · €108,666
Cash flow
€26,331▼
2024 · €83,069
Quick ratio
2.01▲
2024 · 1.73
Debt to equity
0.97▼
2024 · 1.29
ROE
16.9%▼
2024 · 78.6%
Interest coverage
9.26▼
2024 · 41.02
Debt ≤ 1 year
€113,071▲
2024 · €112,425
Income taxes
€6,065▼
2024 · €22,948
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 1.7% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,962 | €6,318 | €6,776 | €6,773 | €6,561 | ▼ 3.1% |
| Other operating charges640/8 | €2,892 | €1,324 | €64 | €19,359 | €17,760 | ▼ 8.3% |
| Non-recurring operating charges66A | - | €2,240 | - | - | - | - |
| Gross operating margin9900 | €26,628 | €57,229 | -€3,472 | €128,025 | €47,765 | ▼ 62.7% |
| Operating profit (loss)9901 | €16,774 | €47,347 | -€10,312 | €101,893 | €23,444 | ▼ 77.0% |
| Financial income75/76B | - | - | - | - | €5,632 | - |
| Recurring financial income75 | - | - | - | - | €5,632 | - |
| Financial charges65/66B | €5,106 | €4,906 | €7,711 | €2,649 | €3,240 | ▲ 22.3% |
| Recurring financial charges65 | €5,106 | €4,906 | €3,396 | €2,649 | €3,240 | ▲ 22.3% |
| Non-recurring financial charges66B | - | - | €4,316 | - | - | - |
| Profit (loss) for the period before taxes9903 | €11,669 | €42,441 | -€18,024 | €99,244 | €25,835 | ▼ 74.0% |
| Income taxes67/77 | €5,313 | €12,333 | €138 | €22,948 | €6,065 | ▼ 73.6% |
| Profit (loss) for the period9904 | €6,356 | €30,108 | -€18,162 | €76,296 | €19,770 | ▼ 74.1% |
| Profit (loss) for the period to be appropriated9905 | €6,356 | €30,108 | -€18,162 | €76,296 | €19,770 | ▼ 74.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,509 | €179,709 | €148,453 | €222,049 | €229,938 | ▲ 3.6% |
| Fixed assets21/28 | €30,061 | €21,912 | €15,136 | €8,363 | €1,802 | ▼ 78.5% |
| Tangible fixed assets22/27 | €30,061 | €21,912 | €15,136 | €8,363 | €1,802 | ▼ 78.5% |
| Furniture and vehicles24 | €30,061 | €21,912 | €15,136 | €8,363 | €1,802 | ▼ 78.5% |
| Current assets29/58 | €106,447 | €157,797 | €133,316 | €213,686 | €228,136 | ▲ 6.8% |
| Stocks and contracts in progress3 | €26,788 | €28,720 | €20,600 | €18,750 | €339 | ▼ 98.2% |
| Stocks30/36 | €26,788 | €28,720 | €20,600 | €18,750 | €339 | ▼ 98.2% |
| Amounts receivable within one year40/41 | €79,163 | €128,101 | €112,480 | €193,567 | €227,514 | ▲ 17.5% |
| Trade receivables40 | €74,305 | €112,061 | €91,590 | €191,342 | €109,512 | ▼ 42.8% |
| Other amounts receivable41 | €4,857 | €16,040 | €20,890 | €2,225 | €118,002 | ▲ 5,204% |
| Current investments50/53 | - | €975 | - | - | - | - |
| Cash at bank and in hand54/58 | €497 | - | €236 | €1,369 | €283 | ▼ 79.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,509 | €179,709 | €148,453 | €222,049 | €229,938 | ▲ 3.6% |
| Equity10/15 | €8,856 | €38,963 | €20,802 | €97,097 | €116,867 | ▲ 20.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €6,356 | €36,463 | €18,302 | €94,597 | €114,367 | ▲ 20.9% |
| Distributable reserves133 | €6,356 | €36,463 | €18,302 | €94,597 | €114,367 | ▲ 20.9% |
| Amounts payable17/49 | €127,653 | €140,746 | €127,651 | €124,952 | €113,071 | ▼ 9.5% |
| Amounts payable after more than one year17 | €65,047 | €44,676 | €23,685 | €12,527 | - | - |
| Financial debts170/4 | €65,047 | €44,676 | €23,685 | €12,527 | - | - |
| Amounts payable within one year42/48 | €62,606 | €96,070 | €103,966 | €112,425 | €113,071 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | €20,233 | €20,233 | €20,233 | €20,233 | €16,547 | ▼ 18.2% |
| Financial debts43 | €3,634 | €3,558 | €1,432 | - | €4,850 | - |
| Credit institutions430/8 | €3,634 | €3,558 | €1,432 | - | €4,850 | - |
| Trade debts44 | €32,383 | €35,711 | €66,326 | €76,589 | €85,608 | ▲ 11.8% |
| Suppliers440/4 | €32,383 | €35,711 | €66,326 | €76,589 | €85,608 | ▲ 11.8% |
| Taxes, remuneration and social security45 | €5,313 | €17,646 | €12,471 | - | €6,065 | - |
| Taxes450/3 | €5,313 | €17,646 | €12,471 | - | €6,065 | - |
| Other amounts payable47/48 | €1,043 | €18,921 | €3,504 | €15,602 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,356 | €30,108 | -€18,162 | €76,296 | €19,770 | ▼ 74.1% |
| + Depreciation and write-downs630 | €6,962 | €6,318 | €6,776 | €6,773 | €6,561 | ▼ 3.1% |
| Operating cash flow (approximation) | €13,318 | €36,425 | -€11,385 | €83,069 | €26,331 | ▼ 68.3% |
| Investment in fixed assets (approximation) | - | €1,831 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €1,133 | -€1,087 | ▼ 196% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Equity above €100,000Eq €116,867 ▲20.4%
2 profitable years in a row build equity to €116,867.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €76,296
Net result €76,296 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Weakest financial yearnet -€18,162
Net result drops to -€18,162, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Niklaas · 1 establishment unit since 2020
Ground area
132 m²
Building footprint
116 m²
Volume, LiDAR
776 m³
Parcel 46445D1588/00Y000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
ToBUILD bv
since 20202.300.385.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1588/00Y000 | Flanders | 132 m² | 1 · 115 m² | 10.3 m · 2 fl. |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 13,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43230Insulation installation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745453908
Also
9925:BE0745453908
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.