HAVKER CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of HAVKER CONSTRUCT is 2.5% (moderate). The 2025 annual accounts show equity of €35k and a net result of €-12k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 27965 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
Profitability8▼-81
Solvency51▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.48 against 1.86 in 2024; short-term debt: 66.5% and cash: 30.4% of total assets), and 73.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
26.2%
Return on assets
-8.8%
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 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
28 d early
2023
64 d early
2022
63 d late
2021
51 d late
2020
39 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 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
€35k▼ 25.1%
2024 · €47k
2020: €20klowest in 6 years
2021: €23k▲ +16.5% vs 2020
2022: €47k▲ +105% vs 2021
2023: €31k▼ -33.8% vs 2022
2024: €47k▲ +51.6% vs 2023highest in 6 years
2025: €35k▼ -25.1% vs 2024
2020 → 2025
Total assets
€134k▲ 36.9%
2024 · €98k
2020: €53k
2021: €29k▼ -45.6% vs 2020lowest in 6 years
2022: €81k▲ +181% vs 2021
2023: €51k▼ -37.2% vs 2022
2024: €98k▲ +92.2% vs 2023
2025: €134k▲ +36.9% vs 2024highest in 6 years
2020 → 2025
Net result
€-12k
2024 · €16k
2020: €19k
2021: €3k▼ -82.7% vs 2020
2022: €24k▲ +644% vs 2021highest in 6 years
2023: €-16k▼ -166% vs 2022lowest in 6 years
2024: €16k▲ +201% vs 2023
2025: €-12k▼ -174% vs 2024
2020 → 2025
Working capital
€42k▼ 3.7%
2024 · €44k
2020: €12klowest in 6 years
2021: €17k▲ +42.9% vs 2020
2022: €45k▲ +158% vs 2021highest in 6 years
2023: €27k▼ -38.4% vs 2022
2024: €44k▲ +60.5% vs 2023
2025: €42k▼ -3.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€47k▲ 105%€31k▼ 33.8%€47k▲ 51.6%€35k▼ 25.1%
2021: €23klowest in 5 years
2022: €47k▲ +105% vs 2021
2023: €31k▼ -33.8% vs 2022
2024: €47k▲ +51.6% vs 2023highest in 5 years
2025: €35k▼ -25.1% vs 2024
Operating result€3k-€29k▲ 759%€-13k€26k€-8k
2021: €3k
2022: €29k▲ +759% vs 2021highest in 5 years
2023: €-13k▼ -145% vs 2022lowest in 5 years
2024: €26k▲ +301% vs 2023
2025: €-8k▼ -132% vs 2024
Net result€3k-€24k▲ 644%€-16k€16k€-12k
2021: €3k
2022: €24k▲ +644% vs 2021highest in 5 years
2023: €-16k▼ -166% vs 2022lowest in 5 years
2024: €16k▲ +201% vs 2023
2025: €-12k▼ -174% vs 2024
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 €8k after €26k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€3k ▼ 12.2%
Current assets
€132k ▲ 38.4%
Equity and liabilities €134k
Equity
€35k ▼ 25.1%
Debt
€99k ▲ 93.8%
Debt's share of the balance-sheet total rises from 52.1% to 73.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €26k
Cash flow
€-11k▼
2024 · €17k
Current ratio
1.48▼
2024 · 1.86
Debt to equity
2.81▲
2024 · 1.09
ROE
-33.5%▼
2024 · 34.0%
ROA
-8.8%▼
2024 · 16.3%
Interest coverage
-2.24▼
2024 · 8.06
Debt ≤ 1 year
€89k▲
2024 · €51k
Debt > 1 year
€10k
Income taxes
€157▼
2024 · €6k
Staff costs
€38k▼
2024 · €48k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€98k€134k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€931€573▼
Plant, machinery and equipment23€669€311▼
Furniture and vehicles24€262€262=
Financial fixed assets28€2k€2k=
Current assets29/58€95k€132k▲
Amounts receivable within one year40/41€88k€91k▲
Trade receivables40€70k€68k▼
Other amounts receivable41€18k€23k▲
Cash at bank and in hand54/58€7k€41k▲
Deferred charges and accrued income490/1-€170
Equity and liabilities
Total equity and liabilities10/49€98k€134k▲
Equity10/15€47k€35k▼
Contributions10/11€900€900=
Profit (loss) carried forward14€46k€34k▼
Amounts payable17/49€51k€99k▲
Amounts payable after more than one year17-€10k
Financial debts170/4-€10k
Amounts payable within one year42/48€51k€89k▲
Current portion of amounts payable after more than one year42-€12k
Financial debts43€13k€12k▼
Credit institutions430/8€13k€12k▼
Trade debts44€15k€39k▲
Suppliers440/4€15k€39k▲
Taxes, remuneration and social security45€23k€22k▼
Taxes450/3€3k€6k▲
Remuneration and social security454/9€21k€17k▼
Other amounts payable47/48-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€48k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€628€358▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€78k€33k▼
Operating profit (loss)9901€26k€-8k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€22k€-12k▼
Income taxes67/77€6k€157▼
Profit (loss) for the period9904€16k€-12k▼
Profit (loss) for the period to be appropriated9905€16k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€34k▼
Profit (loss) brought forward from the previous period14P€30k€46k▲
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14k | €22k | €35k | €48k | €38k | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €2k | €628 | €358 | ▼ 43.0% |
| Other operating charges640/8 | €188 | €2k | €2k | €3k | €2k | ▼ 30.9% |
| Gross operating margin9900 | €21k | €56k | €26k | €78k | €33k | ▼ 58.1% |
| Operating profit (loss)9901 | €3k | €29k | €-13k | €26k | €-8k | ▼ 132% |
| Financial charges65/66B | €110 | €500 | €2k | €3k | €3k | ▲ 6.3% |
| Recurring financial charges65 | €110 | €500 | €2k | €3k | €3k | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €3k | €28k | €-15k | €22k | €-12k | ▼ 152% |
| Income taxes67/77 | - | €4k | €683 | €6k | €157 | ▼ 97.6% |
| Profit (loss) for the period9904 | €3k | €24k | €-16k | €16k | €-12k | ▼ 174% |
| Profit (loss) for the period to be appropriated9905 | €3k | €24k | €-16k | €16k | €-12k | ▼ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29k | €81k | €51k | €98k | €134k | ▲ 36.9% |
| Fixed assets21/28 | €6k | €2k | €4k | €3k | €3k | ▼ 12.2% |
| Tangible fixed assets22/27 | €6k | €2k | €2k | €931 | €573 | ▼ 38.4% |
| Plant, machinery and equipment23 | €663 | €304 | €1k | €669 | €311 | ▼ 53.5% |
| Furniture and vehicles24 | €5k | €2k | €532 | €262 | €262 | = |
| Financial fixed assets28 | - | - | €2k | €2k | €2k | = |
| Current assets29/58 | €23k | €79k | €47k | €95k | €132k | ▲ 38.4% |
| Amounts receivable within one year40/41 | €19k | €69k | €42k | €88k | €91k | ▲ 3.1% |
| Trade receivables40 | €17k | €62k | €36k | €70k | €68k | ▼ 2.9% |
| Other amounts receivable41 | €2k | €7k | €6k | €18k | €23k | ▲ 27.0% |
| Cash at bank and in hand54/58 | €5k | €10k | €6k | €7k | €41k | ▲ 464% |
| Deferred charges and accrued income490/1 | - | - | - | - | €170 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29k | €81k | €51k | €98k | €134k | ▲ 36.9% |
| Equity10/15 | €23k | €47k | €31k | €47k | €35k | ▼ 25.1% |
| Contributions10/11 | €900 | €900 | €900 | €900 | €900 | = |
| Profit (loss) carried forward14 | €22k | €46k | €30k | €46k | €34k | ▼ 25.6% |
| Amounts payable17/49 | €6k | €34k | €20k | €51k | €99k | ▲ 93.8% |
| Amounts payable after more than one year17 | - | - | - | - | €10k | - |
| Financial debts170/4 | - | - | - | - | €10k | - |
| Amounts payable within one year42/48 | €6k | €34k | €20k | €51k | €89k | ▲ 74.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12k | - |
| Financial debts43 | - | - | €3k | €13k | €12k | ▼ 9.6% |
| Credit institutions430/8 | - | - | €3k | €13k | €12k | ▼ 9.6% |
| Trade debts44 | €4k | €19k | €5k | €15k | €39k | ▲ 159% |
| Suppliers440/4 | €4k | €19k | €5k | €15k | €39k | ▲ 159% |
| Taxes, remuneration and social security45 | €2k | €16k | €13k | €23k | €22k | ▼ 4.0% |
| Taxes450/3 | €505 | €3k | €3k | €3k | €6k | ▲ 125% |
| Remuneration and social security454/9 | €2k | €13k | €10k | €21k | €17k | ▼ 19.6% |
| Other amounts payable47/48 | - | - | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €24k | €-16k | €16k | €-12k | ▼ 174% |
| + Depreciation and write-downs630 | €3k | €3k | €2k | €628 | €358 | ▼ 43.0% |
| Operating cash flow (approximation) | €6k | €27k | €-14k | €17k | €-11k | ▼ 169% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €0 | - |
| Change in cash | - | €5k | €-4k | €2k | €34k | ▲ 1,957% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Highest result since 2020net €24k ▲644%
Operating result €29k, net result €24k, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 3.80
Current ratio from 1.36 to 3.80; short-term debt falls from €34k to €6k.
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 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, Sint-Pieters-Leeuw · 1 establishment unit since 2020
Ground area
548 m²
Building footprint
212 m²
Volume, LiDAR
1,690 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HAVKER CONSTRUCT
since 20202.316.419.386
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0343/02D007 | Flanders | 325 m² | 1 · 139 m² | 10.5 m · 2 fl. |
| 23016D0215/00H004 | Flanders | 223 m² | 1 · 72 m² | 14.9 m · 4 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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,822 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
Founded14-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
havker.construct@hotmail.com
Phone
0474681444
Scores and ratios are computed by Checked and are not a credit decision.