HAIDUC Construct
ActiveSummary
The computed 12-month bankruptcy probability of HAIDUC Construct is 3.0% (moderate). The 2025 annual accounts show negative equity (€-60k) and a net result of €-166k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-71
Solvency0▼-72
Growth22▼-49
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.33 against 1.52 in 2024; short-term debt: 64% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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
-25.3%
Return on assets
-70.4%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-60k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-07-2026, 74 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
74 d late
2024
64 d early
2023
301 d late
2022
46 d late
2021
391 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
€291k▼ 53.3%
2024 · €623k
EBIT margin
-43.6%▼ 48.8pp
2024 · 5.2%
Net result
€-166k
2024 · €23k
Working capital
€50k▼ 19.0%
2024 · €62k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€540k-€761k▲ 40.9%€623k▼ 18.1%€291k▼ 53.3%
Operating result€19k-€70k▲ 261%€33k▼ 53.5%€-127k
Net result€15k-€56k▲ 273%€23k▼ 59.4%€-166k
EBIT margin3.6%-9.2%▲ 5.6pp5.2%▼ 4.0pp-43.6%▼ 48.8pp
Equity€43k-€84k▲ 95.8%€106k▲ 27.1%€-60k
Total assets€59k-€189k▲ 220%€226k▲ 19.1%€236k▲ 4.5%
Debt€17k-€106k▲ 539%€119k▲ 12.8%€151k▲ 26.3%
Working capital€34k-€68k▲ 96.3%€62k▼ 8.2%€50k▼ 19.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €127k after €33k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€35k ▼ 21.3%
Current assets
€201k ▲ 10.8%
Key figures and ratios
EBITDA
€-116k▼
2024 · €46k
Cash flow
€-155k▼
2024 · €36k
Solvency
-25.3%▼
2024 · 47.1%
Current ratio
1.33▼
2024 · 1.52
Debt to equity
-2.52▼
2024 · 1.12
ROA
-70.4%▼
2024 · 10.0%
Interest coverage
-5.59▼
2024 · 29.93
Debt ≤ 1 year
€151k▲
2024 · €119k
Income taxes
€18k▲
2024 · €8k
Staff costs
€106k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €540k | €761k | €623k | €291k | ▼ 53.3% |
| Non-recurring operating income76A | - | - | €3k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €512k | €689k | €576k | €302k | ▼ 47.6% |
| Remuneration, social security and pensions62 | - | - | - | €106k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | - | €13k | €11k | ▼ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14k | - |
| Other operating charges640/8 | €2k | €1k | €4k | €2k | ▼ 51.6% |
| Gross operating margin9900 | €28k | €71k | €50k | €6k | ▼ 88.1% |
| Operating profit (loss)9901 | €19k | €70k | €33k | €-127k | ▼ 490% |
| Financial income75/76B | - | - | - | €59 | - |
| Recurring financial income75 | - | - | - | €59 | - |
| Financial charges65/66B | €131 | €146 | €2k | €21k | ▲ 1,260% |
| Recurring financial charges65 | €131 | €146 | €2k | €21k | ▲ 1,260% |
| Profit (loss) for the period before taxes9903 | €19k | €70k | €31k | €-148k | ▼ 576% |
| Income taxes67/77 | €4k | €14k | €8k | €18k | ▲ 119% |
| Profit (loss) for the period9904 | €15k | €56k | €23k | €-166k | ▼ 832% |
| Profit (loss) for the period to be appropriated9905 | €15k | €56k | €23k | €-166k | ▼ 832% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59k | €189k | €226k | €236k | ▲ 4.5% |
| Fixed assets21/28 | €8k | €16k | €44k | €35k | ▼ 21.3% |
| Tangible fixed assets22/27 | €8k | €16k | €44k | €35k | ▼ 21.3% |
| Furniture and vehicles24 | €8k | €16k | €44k | €35k | ▼ 21.3% |
| Current assets29/58 | €51k | €173k | €181k | €201k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €45k | €142k | €126k | €141k | ▲ 11.9% |
| Trade receivables40 | €32k | €97k | €47k | €55k | ▲ 16.9% |
| Other amounts receivable41 | €14k | €45k | €79k | €86k | ▲ 9.0% |
| Cash at bank and in hand54/58 | €6k | €32k | €55k | - | - |
| Deferred charges and accrued income490/1 | €0 | - | - | €60k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59k | €189k | €226k | €236k | ▲ 4.5% |
| Equity10/15 | €43k | €84k | €106k | €-60k | ▼ 156% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Capital10 | €2k | €2k | €2k | - | - |
| Issued capital100 | €2k | €2k | €2k | - | - |
| Reserves13 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | €200 | = |
| Legal reserve130 | €200 | €200 | €200 | - | - |
| Reserves not available under the articles1311 | - | - | - | €200 | - |
| Profit (loss) carried forward14 | €40k | €81k | €104k | €-62k | ▼ 160% |
| Provisions and deferred taxes16 | - | - | - | €145k | - |
| Provisions for liabilities and charges160/5 | - | - | - | €145k | - |
| Other liabilities and charges164/5 | - | - | - | €145k | - |
| Amounts payable17/49 | €17k | €106k | €119k | €151k | ▲ 26.3% |
| Amounts payable within one year42/48 | €17k | €106k | €119k | €151k | ▲ 26.3% |
| Financial debts43 | - | - | - | €18k | - |
| Credit institutions430/8 | - | - | - | €18k | - |
| Trade debts44 | €3k | €63k | €69k | €73k | ▲ 5.8% |
| Suppliers440/4 | €3k | €63k | €69k | €73k | ▲ 5.8% |
| Advances received on contracts in progress46 | - | €7k | €7k | €7k | = |
| Taxes, remuneration and social security45 | €14k | €36k | €44k | €38k | ▼ 13.7% |
| Taxes450/3 | €14k | €36k | €44k | €38k | ▼ 13.7% |
| Other amounts payable47/48 | - | - | - | €15k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €56k | €23k | €-166k | ▼ 832% |
| + Depreciation and write-downs630 | €7k | - | €13k | €11k | ▼ 20.0% |
| Operating cash flow (approximation) | €21k | €56k | €36k | €-155k | ▼ 533% |
| Investment in fixed assets (approximation) | - | €-8k | €-41k | €-1k | ▲ 97.2% |
| Change in cash | - | €26k | €24k | - | - |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 74 days late
2025
30-09
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
25-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 301 days late
2024
30-09
Financial
Equity above €100kEq €106k ▲27.1%
3 profitable years in a row build equity to €106k.
2023
30-09
Financial
Highest result since 2022net €56k ▲273%
Operating result €70k, net result €56k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 46 days late
26-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 391 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, Laarne · 1 establishment unit since 2019
Ground area
1,934 m²
Building footprint
193 m²
Volume, LiDAR
812 m³
Parcel 42009D0882/00F000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HAIDUC Construct
since 20192.295.670.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009D0882/00F000 | Flanders | 1,934 m² | 1 · 193 m² | 6.4 m · 1 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 16,039. 13,064 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
Founded21-10-2019
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43310Plastering work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.