FINISH CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FINISH CONSTRUCT is 1.6% (moderate). The 2024 annual accounts show equity of €75k and a net result of €436. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 57% of 9982 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-3
Solvency74▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.81 against 1.35 in 2023; short-term debt: 50.7% and cash: 3.7% of total assets), but 50.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.3%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
139 d late
2023
163 d late
2022
325 d late
2021
73 d late
2020
193 d late
2019
112 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€75k▲ 0.6%
2023 · €75k
2018: €42klowest in 7 years
2019: €46k▲ +10.2% vs 2018
2020: €53k▲ +15.9% vs 2019
2021: €66k▲ +23.6% vs 2020
2022: €72k▲ +10.3% vs 2021
2023: €75k▲ +3.0% vs 2022
2024: €75k▲ +0.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€152k▼ 42.7%
2023 · €266k
2018: €195k
2019: €236k▲ +21.1% vs 2018
2020: €212k▼ -10.2% vs 2019
2021: €236k▲ +11.3% vs 2020
2022: €291k▲ +23.1% vs 2021highest in 7 years
2023: €266k▼ -8.5% vs 2022
2024: €152k▼ -42.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€436▼ 79.8%
2023 · €2k
2018: €851
2019: €4k▲ +399% vs 2018
2020: €7k▲ +71.5% vs 2019
2021: €13k▲ +72.2% vs 2020highest in 7 years
2022: €7k▼ -46.3% vs 2021
2023: €2k▼ -67.9% vs 2022
2024: €436▼ -79.8% vs 2023lowest in 7 years
2018 → 2024
Working capital
€62k▼ 7.6%
2023 · €67k
2018: €-19klowest in 7 years
2019: €3k▲ +118% vs 2018
2020: €43k▲ +1194% vs 2019
2021: €56k▲ +28.7% vs 2020
2022: €63k▲ +12.4% vs 2021
2023: €67k▲ +7.6% vs 2022highest in 7 years
2024: €62k▼ -7.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€53k-€66k▲ 23.6%€72k▲ 10.3%€75k▲ 3.0%€75k▲ 0.6%
2020: €53klowest in 5 years
2021: €66k▲ +23.6% vs 2020
2022: €72k▲ +10.3% vs 2021
2023: €75k▲ +3.0% vs 2022
2024: €75k▲ +0.6% vs 2023highest in 5 years
Operating result€14k-€23k▲ 61.4%€14k▼ 39.4%€21k▲ 48.3%€21k▲ 1.4%
2020: €14k
2021: €23k▲ +61.4% vs 2020highest in 5 years
2022: €14k▼ -39.4% vs 2021lowest in 5 years
2023: €21k▲ +48.3% vs 2022
2024: €21k▲ +1.4% vs 2023
Net result€7k-€13k▲ 72.2%€7k▼ 46.3%€2k▼ 67.9%€436▼ 79.8%
2020: €7k
2021: €13k▲ +72.2% vs 2020highest in 5 years
2022: €7k▼ -46.3% vs 2021
2023: €2k▼ -67.9% vs 2022
2024: €436▼ -79.8% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €152k
Fixed assets
€13k ▲ 77.9%
Current assets
€140k ▼ 46.0%
Equity and liabilities €152k
Equity
€75k ▲ 0.6%
Debt
€77k ▼ 59.6%
Debt's share of the balance-sheet total falls from 71.9% to 50.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2023 · €24k
Cash flow
€3k▼
2023 · €5k
Current ratio
1.81▲
2023 · 1.35
Debt to equity
1.03▼
2023 · 2.56
ROE
0.6%▼
2023 · 2.9%
ROA
0.3%▼
2023 · 0.8%
Interest coverage
1.68▼
2023 · 1.96
Debt ≤ 1 year
€77k▼
2023 · €191k
Income taxes
€7k▲
2023 · €6k
Staff costs
€29k▼
2023 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€266k€152k▼
Fixed assets21/28€7k€13k▲
Tangible fixed assets22/27€2k€7k▲
Plant, machinery and equipment23€1k-
Furniture and vehicles24€862€7k▲
Financial fixed assets28€5k€6k▲
Current assets29/58€259k€140k▼
Amounts receivable within one year40/41€257k€134k▼
Trade receivables40€187k€108k▼
Other amounts receivable41€70k€26k▼
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1€647€168▼
Equity and liabilities
Total equity and liabilities10/49€266k€152k▼
Equity10/15€75k€75k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€54k€55k▲
Amounts payable17/49€191k€77k▼
Amounts payable within one year42/48€191k€77k▼
Financial debts43€60k-
Credit institutions430/8€60k-
Trade debts44€30k€17k▼
Suppliers440/4€30k€17k▼
Taxes, remuneration and social security45€100k€39k▼
Taxes450/3€42k€18k▼
Remuneration and social security454/9€58k€21k▼
Other amounts payable47/48€1k€20k▲
Income statement
Code20232024
Remuneration, social security and pensions62€73k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€11k€6k▼
Gross operating margin9900€108k€58k▼
Operating profit (loss)9901€21k€21k▲
Financial income75/76B€58€199▲
Recurring financial income75€58€199▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€9k€7k▼
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€2k€436▼
Profit (loss) for the period to be appropriated9905€2k€436▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€55k▲
Profit (loss) brought forward from the previous period14P€52k€54k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €170k | €222k | €73k | €29k | ▼ 60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €2k | ▼ 25.9% |
| Other operating charges640/8 | - | €3k | €3k | €11k | €6k | ▼ 48.1% |
| Gross operating margin9900 | €228k | €199k | €241k | €108k | €58k | ▼ 46.4% |
| Operating profit (loss)9901 | €14k | €23k | €14k | €21k | €21k | ▲ 1.4% |
| Financial income75/76B | - | €57 | €277 | €58 | €199 | ▲ 243% |
| Recurring financial income75 | €248 | €57 | €277 | €58 | €199 | ▲ 243% |
| Financial charges65/66B | - | €4k | €4k | €12k | €14k | ▲ 14.1% |
| Recurring financial charges65 | €4k | €4k | €4k | €12k | €14k | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €10k | €19k | €10k | €9k | €7k | ▼ 14.8% |
| Income taxes67/77 | €3k | €7k | €3k | €6k | €7k | ▲ 7.3% |
| Profit (loss) for the period9904 | €7k | €13k | €7k | €2k | €436 | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €7k | €13k | €7k | €2k | €436 | ▼ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212k | €236k | €291k | €266k | €152k | ▼ 42.7% |
| Fixed assets21/28 | €10k | €10k | €10k | €7k | €13k | ▲ 77.9% |
| Tangible fixed assets22/27 | €9k | €7k | €5k | €2k | €7k | ▲ 267% |
| Plant, machinery and equipment23 | - | €4k | €3k | €1k | - | - |
| Furniture and vehicles24 | - | €3k | €2k | €862 | €7k | ▲ 707% |
| Financial fixed assets28 | €400 | €3k | €5k | €5k | €6k | ▲ 9.5% |
| Current assets29/58 | €202k | €226k | €281k | €259k | €140k | ▼ 46.0% |
| Amounts receivable within one year40/41 | €191k | €171k | €261k | €257k | €134k | ▼ 47.9% |
| Trade receivables40 | - | €171k | €202k | €187k | €108k | ▼ 42.3% |
| Other amounts receivable41 | - | - | €59k | €70k | €26k | ▼ 62.9% |
| Cash at bank and in hand54/58 | €11k | €55k | €20k | €1k | €6k | ▲ 430% |
| Deferred charges and accrued income490/1 | - | - | €206 | €647 | €168 | ▼ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212k | €236k | €291k | €266k | €152k | ▼ 42.7% |
| Equity10/15 | €53k | €66k | €72k | €75k | €75k | ▲ 0.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €33k | €45k | €52k | €54k | €55k | ▲ 0.8% |
| Amounts payable17/49 | €159k | €170k | €218k | €191k | €77k | ▼ 59.6% |
| Amounts payable within one year42/48 | €159k | €170k | €218k | €191k | €77k | ▼ 59.6% |
| Financial debts43 | - | €60k | €60k | €60k | - | - |
| Credit institutions430/8 | - | €60k | €60k | €60k | - | - |
| Trade debts44 | €20k | €26k | €26k | €30k | €17k | ▼ 41.4% |
| Suppliers440/4 | - | €26k | €26k | €30k | €17k | ▼ 41.4% |
| Taxes, remuneration and social security45 | - | €66k | €110k | €100k | €39k | ▼ 60.7% |
| Taxes450/3 | - | €11k | €32k | €42k | €18k | ▼ 57.1% |
| Remuneration and social security454/9 | - | €55k | €78k | €58k | €21k | ▼ 63.2% |
| Other amounts payable47/48 | - | €18k | €22k | €1k | €20k | ▲ 1,421% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €13k | €7k | €2k | €436 | ▼ 79.8% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €2k | ▼ 25.9% |
| Operating cash flow (approximation) | €10k | €15k | €10k | €5k | €3k | ▼ 48.1% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €-500 | €-8k | ▼ 1,470% |
| Change in cash | - | €44k | €-35k | €-19k | €5k | ▲ 125% |
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
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 163 days late
2024
31-12
Financial
Weakest financial yearnet €436 ▼79.8%
Net result drops to €436, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 325 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 193 days late
2021
31-12
Financial
Highest result since 2018net €13k ▲72.2%
Operating result €23k, net result €13k, both a record.
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 81 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 47 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, Vorst · 1 establishment unit since 2010
Ground area
9,120 m²
Building footprint
3,187 m²
Volume, LiDAR
13,888 m³
2 parcels, Brussels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
223
companies at this address
See who is registered here
1 establishment unit
FINISH CONSTRUCT
since 20102.199.340.782
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0066/00C002 | Flanders | 7,226 m² | 1 · 2,505 m² | 10.6 m · 1 fl. |
| 21382C0028/00G003 | Brussels | 1,894 m² | 1 · 682 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 endedStukadoor (vwo)
Stukadoor duaal (so)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,223 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
Founded14-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.