FLANDERS CONSTRUCT
ActiveSummary
FLANDERS CONSTRUCT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €-62k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-57
Solvency41▼-14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.08 in 2024; short-term debt: 11% and cash: 4.3% of total assets), but 84.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
-8.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7780 sector peers (2025).
NBB · sector comparisonPosition among 7780 sector peers
Solvency
better than 23%
← weakest
strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
35 d early
2023
36 d early
2022
31 d early
2021
34 d early
2020
22 d early
2019
3 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€111k▼ 35.8%
2024 · €173k
2018: €291khighest in 8 years
2019: €215k▼ -26.0% vs 2018
2020: €171k▼ -20.5% vs 2019
2021: €138k▼ -19.3% vs 2020
2022: €115k▼ -16.6% vs 2021
2023: €164k▲ +42.0% vs 2022
2024: €173k▲ +5.6% vs 2023
2025: €111k▼ -35.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€704k▲ 23.6%
2024 · €569k
2018: €932khighest in 8 years
2019: €834k▼ -10.5% vs 2018
2020: €759k▼ -9.0% vs 2019
2021: €692k▼ -8.9% vs 2020
2022: €691k▼ -0.1% vs 2021
2023: €608k▼ -12.0% vs 2022
2024: €569k▼ -6.3% vs 2023lowest in 8 years
2025: €704k▲ +23.6% vs 2024
2018 → 2025
Net result
€-62k
2024 · €9k
2018: €-80klowest in 8 years
2019: €-75k▲ +6.0% vs 2018
2020: €-44k▲ +41.6% vs 2019
2021: €-33k▲ +25.2% vs 2020
2022: €-23k▲ +30.5% vs 2021
2023: €48k▲ +311% vs 2022highest in 8 years
2024: €9k▼ -81.0% vs 2023
2025: €-62k▼ -773% vs 2024
2018 → 2025
Working capital
€74k▲ 1,316%
2024 · €5k
2018: €-183k
2019: €-207k▼ -13.2% vs 2018
2020: €-219k▼ -6.0% vs 2019
2021: €-221k▼ -1.1% vs 2020
2022: €-269k▼ -21.6% vs 2021lowest in 8 years
2023: €-186k▲ +30.9% vs 2022
2024: €5k▲ +103% vs 2023
2025: €74k▲ +1316% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€115k▼ 16.6%€164k▲ 42.0%€173k▲ 5.6%€111k▼ 35.8%
2021: €138k
2022: €115k▼ -16.6% vs 2021
2023: €164k▲ +42.0% vs 2022
2024: €173k▲ +5.6% vs 2023highest in 5 years
2025: €111k▼ -35.8% vs 2024lowest in 5 years
Operating result€-40k-€-29k▲ 28.6%€44k€602▼ 98.6%€-67k
2021: €-40k
2022: €-29k▲ +28.6% vs 2021
2023: €44k▲ +254% vs 2022highest in 5 years
2024: €602▼ -98.6% vs 2023
2025: €-67k▼ -11240% vs 2024lowest in 5 years
Net result€-33k-€-23k▲ 30.5%€48k€9k▼ 81.0%€-62k
2021: €-33k
2022: €-23k▲ +30.5% vs 2021
2023: €48k▲ +311% vs 2022highest in 5 years
2024: €9k▼ -81.0% vs 2023
2025: €-62k▼ -773% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €67k after €602 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€552k ▲ 11.4%
Current assets
€152k ▲ 105%
Equity and liabilities €704k
Equity
€111k ▼ 35.8%
Provisions
€47k ▼ 26.3%
Debt
€545k ▲ 64.2%
Debt's share of the balance-sheet total rises from 58.3% to 77.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €71k
Cash flow
€14k▼
2024 · €79k
Current ratio
1.96▲
2024 · 1.08
Debt to equity
4.92▲
2024 · 1.92
ROE
-55.8%▼
2024 · 5.3%
ROA
-8.8%▼
2024 · 1.6%
Interest coverage
0.76▼
2024 · 8.50
Debt ≤ 1 year
€77k▲
2024 · €69k
Debt > 1 year
€464k▲
2024 · €262k
Income taxes
€0▼
2024 · €4
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€569k€704k▲
Fixed assets21/28€495k€552k▲
Tangible fixed assets22/27€391k€447k▲
Land and buildings22€379k€437k▲
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€1k€874▼
Financial fixed assets28€104k€104k=
Current assets29/58€74k€152k▲
Amounts receivable within one year40/41€51k€121k▲
Trade receivables40€51k€74k▲
Other amounts receivable41€0€47k▲
Cash at bank and in hand54/58€23k€30k▲
Deferred charges and accrued income490/1€406€422▲
Equity and liabilities
Total equity and liabilities10/49€569k€704k▲
Equity10/15€173k€111k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€162k€129k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€125k€92k▼
Distributable reserves133€31k€31k=
Profit (loss) carried forward14€-51k€-80k▼
Provisions and deferred taxes16€64k€47k▼
Deferred taxes168€64k€47k▼
Amounts payable17/49€332k€545k▲
Amounts payable after more than one year17€262k€464k▲
Financial debts170/4€262k€463k▲
Other amounts payable178/9€195€195=
Amounts payable within one year42/48€69k€77k▲
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€42k€49k▲
Suppliers440/4€42k€49k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€1k€0▼
Accrued charges and deferred income492/3€970€4k▲
Income statement
Code20242025
Non-recurring operating income76A€9k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€76k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€75k€13k▼
Operating profit (loss)9901€602€-67k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€-8k€-79k▼
Transfer from deferred taxes780€17k€17k=
Income taxes67/77€4€0▼
Profit (loss) for the period9904€9k€-62k▼
Transfer from tax-exempt reserves789€33k€33k=
Profit (loss) for the period to be appropriated9905€42k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-80k▼
Profit (loss) brought forward from the previous period14P€-94k€-51k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €67k | €70k | €70k | €76k | ▲ 8.4% |
| Other operating charges640/8 | €4k | €4k | €4k | €4k | €4k | ▼ 0.2% |
| Gross operating margin9900 | €30k | €43k | €118k | €75k | €13k | ▼ 82.9% |
| Operating profit (loss)9901 | €-40k | €-29k | €44k | €602 | €-67k | ▼ 11,240% |
| Financial income75/76B | €721 | €11 | €14 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €721 | €11 | €14 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €11k | €11k | €13k | €8k | €12k | ▲ 41.3% |
| Recurring financial charges65 | €11k | €11k | €13k | €8k | €12k | ▲ 41.3% |
| Profit (loss) for the period before taxes9903 | €-50k | €-40k | €32k | €-8k | €-79k | ▼ 921% |
| Transfer from deferred taxes780 | €17k | €17k | €17k | €17k | €17k | = |
| Income taxes67/77 | €157 | €176 | €193 | €4 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-33k | €-23k | €48k | €9k | €-62k | ▼ 773% |
| Transfer from tax-exempt reserves789 | €34k | €33k | €33k | €33k | €33k | = |
| Profit (loss) for the period to be appropriated9905 | €594 | €11k | €81k | €42k | €-29k | ▼ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €692k | €691k | €608k | €569k | €704k | ▲ 23.6% |
| Fixed assets21/28 | €638k | €625k | €556k | €495k | €552k | ▲ 11.4% |
| Tangible fixed assets22/27 | €533k | €521k | €451k | €391k | €447k | ▲ 14.5% |
| Land and buildings22 | €510k | €502k | €438k | €379k | €437k | ▲ 15.3% |
| Plant, machinery and equipment23 | €24k | €19k | €13k | €10k | €9k | ▼ 9.1% |
| Furniture and vehicles24 | €0 | €0 | €0 | €1k | €874 | ▼ 33.3% |
| Financial fixed assets28 | €104k | €104k | €104k | €104k | €104k | = |
| Current assets29/58 | €54k | €66k | €52k | €74k | €152k | ▲ 105% |
| Amounts receivable within one year40/41 | €50k | €51k | €48k | €51k | €121k | ▲ 136% |
| Trade receivables40 | €50k | €51k | €47k | €51k | €74k | ▲ 44.3% |
| Other amounts receivable41 | - | - | €1k | €0 | €47k | - |
| Cash at bank and in hand54/58 | €3k | €14k | €3k | €23k | €30k | ▲ 34.9% |
| Deferred charges and accrued income490/1 | €878 | €959 | €1k | €406 | €422 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €692k | €691k | €608k | €569k | €704k | ▲ 23.6% |
| Equity10/15 | €138k | €115k | €164k | €173k | €111k | ▼ 35.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €262k | €228k | €195k | €162k | €129k | ▼ 20.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €224k | €191k | €158k | €125k | €92k | ▼ 26.3% |
| Distributable reserves133 | €31k | €31k | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €-185k | €-175k | €-94k | €-51k | €-80k | ▼ 56.5% |
| Provisions and deferred taxes16 | €116k | €98k | €81k | €64k | €47k | ▼ 26.3% |
| Deferred taxes168 | €116k | €98k | €81k | €64k | €47k | ▼ 26.3% |
| Amounts payable17/49 | €438k | €478k | €363k | €332k | €545k | ▲ 64.2% |
| Amounts payable after more than one year17 | €162k | €142k | €120k | €262k | €464k | ▲ 76.7% |
| Financial debts170/4 | €162k | €141k | €120k | €262k | €463k | ▲ 76.8% |
| Other amounts payable178/9 | €195 | €195 | €195 | €195 | €195 | = |
| Amounts payable within one year42/48 | €275k | €335k | €238k | €69k | €77k | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | €19k | €66k | €22k | €23k | €24k | ▲ 5.5% |
| Trade debts44 | €39k | €38k | €37k | €42k | €49k | ▲ 14.7% |
| Suppliers440/4 | €39k | €38k | €37k | €42k | €49k | ▲ 14.7% |
| Advances received on contracts in progress46 | - | €25k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €1k | €3k | €369 | €3k | €5k | ▲ 70.6% |
| Taxes450/3 | €1k | €3k | €369 | €3k | €5k | ▲ 70.6% |
| Other amounts payable47/48 | €216k | €204k | €179k | €1k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €842 | €969 | €5k | €970 | €4k | ▲ 361% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-23k | €48k | €9k | €-62k | ▼ 773% |
| + Depreciation and write-downs630 | €66k | €67k | €70k | €70k | €76k | ▲ 8.4% |
| Operating cash flow (approximation) | €33k | €44k | €118k | €79k | €14k | ▼ 82.2% |
| Investment in fixed assets (approximation) | - | €-54k | €-534 | €-10k | €-133k | ▼ 1,276% |
| Change in cash | - | €11k | €-11k | €19k | €8k | ▼ 59.7% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 1.08
Current ratio from 0.22 to 1.08; short-term debt falls from €238k to €69k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after 5 loss-making years.
31-12
Financial
Equity above €150kEq €164k ▲42%
Equity rises from €115k to €164k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Keerbergen · 2 establishment units since 1995
Ground area
3,967 m²
Building footprint
722 m²
Volume, LiDAR
7,858 m³
2 parcels, Brussels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
FLANDERS CONSTRUCT
since 19952.068.589.138
FLANDERS CONSTRUCT
since 20202.324.345.672
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0290/00F000 | Flanders | 3,397 m² | 1 · 248 m² | 8.3 m · 2 fl. |
| 21812N1414/00A000 | Brussels | 571 m² | 1 · 474 m² | 18.8 m · 5 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,610 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
46180Agents specialised in the wholesale of other particular products
47279Other retail sale of food
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.