Novus Construct
ActiveSummary
Novus Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.35M and a net result of €52k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-35
Solvency43=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.21 in 2024; short-term debt: 81.2% and cash: 4.5% of total assets), and 81.6% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
18.4%
Return on assets
0.4%
Age of the figures
9 mo
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
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
38 d early
2023
34 d early
2022
38 d early
2021
31 d early
2020
43 d early
2019
43 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, abbreviated schema
Equity
€2.35M▲ 2.3%
2024 · €2.30M
2018: €999klowest in 8 years
2019: €1.00M▲ +0.5% vs 2018
2020: €1.36M▲ +35.1% vs 2019
2021: €1.47M▲ +8.2% vs 2020
2022: €1.77M▲ +20.2% vs 2021
2023: €2.03M▲ +15.0% vs 2022
2024: €2.30M▲ +13.2% vs 2023
2025: €2.35M▲ +2.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€12.80M▼ 2.2%
2024 · €13.09M
2018: €8.20Mlowest in 8 years
2019: €10.48M▲ +27.8% vs 2018
2020: €16.68M▲ +59.2% vs 2019
2021: €19.68M▲ +17.9% vs 2020highest in 8 years
2022: €14.57M▼ -25.9% vs 2021
2023: €16.32M▲ +12.0% vs 2022
2024: €13.09M▼ -19.8% vs 2023
2025: €12.80M▼ -2.2% vs 2024
2018 → 2025
Net result
€52k▼ 80.4%
2024 · €268k
2018: €2klowest in 8 years
2019: €5k▲ +240% vs 2018
2020: €353k▲ +6612% vs 2019highest in 8 years
2021: €112k▼ -68.3% vs 2020
2022: €297k▲ +165% vs 2021
2023: €265k▼ -10.9% vs 2022
2024: €268k▲ +1.3% vs 2023
2025: €52k▼ -80.4% vs 2024
2018 → 2025
Working capital
€2.35M▲ 2.8%
2024 · €2.29M
2018: €917klowest in 8 years
2019: €930k▲ +1.5% vs 2018
2020: €1.27M▲ +36.0% vs 2019
2021: €1.43M▲ +13.1% vs 2020
2022: €1.73M▲ +20.9% vs 2021
2023: €2.04M▲ +17.6% vs 2022
2024: €2.29M▲ +12.5% vs 2023
2025: €2.35M▲ +2.8% 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€1.47M-€1.77M▲ 20.2%€2.03M▲ 15.0%€2.30M▲ 13.2%€2.35M▲ 2.3%
2021: €1.47Mlowest in 5 years
2022: €1.77M▲ +20.2% vs 2021
2023: €2.03M▲ +15.0% vs 2022
2024: €2.30M▲ +13.2% vs 2023
2025: €2.35M▲ +2.3% vs 2024highest in 5 years
Operating result€129k-€362k▲ 182%€388k▲ 7.0%€401k▲ 3.5%€105k▼ 73.8%
2021: €129k
2022: €362k▲ +182% vs 2021
2023: €388k▲ +7.0% vs 2022
2024: €401k▲ +3.5% vs 2023highest in 5 years
2025: €105k▼ -73.8% vs 2024lowest in 5 years
Net result€112k-€297k▲ 165%€265k▼ 10.9%€268k▲ 1.3%€52k▼ 80.4%
2021: €112k
2022: €297k▲ +165% vs 2021highest in 5 years
2023: €265k▼ -10.9% vs 2022
2024: €268k▲ +1.3% vs 2023
2025: €52k▼ -80.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.80M
Fixed assets
€48k ▼ 14.2%
Current assets
€12.75M ▼ 2.2%
Equity and liabilities €12.80M
Equity
€2.35M ▲ 2.3%
Debt
€10.45M ▼ 3.2%
Debt's share of the balance-sheet total falls from 82.4% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▼
2024 · €412k
Cash flow
€66k▼
2024 · €279k
Current ratio
1.23▲
2024 · 1.21
Quick ratio
0.17▲
2024 · 0.10
Debt to equity
4.45▼
2024 · 4.70
ROE
2.2%▼
2024 · 11.7%
ROA
0.4%▼
2024 · 2.0%
Interest coverage
1.62▼
2024 · 5.63
Debt ≤ 1 year
€10.40M▼
2024 · €10.75M
Income taxes
€19k▼
2024 · €90k
Staff costs
€172k▲
2024 · €151k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13.09M€12.80M▼
Fixed assets21/28€56k€48k▼
Tangible fixed assets22/27€50k€41k▼
Furniture and vehicles24€50k€41k▼
Financial fixed assets28€6k€7k▲
Current assets29/58€13.04M€12.75M▼
Stocks and contracts in progress3€12.01M€11.03M▼
Stocks30/36€12.01M€11.03M▼
Amounts receivable within one year40/41€79k€360k▲
Trade receivables40€64k€246k▲
Other amounts receivable41€15k€115k▲
Cash at bank and in hand54/58€233k€572k▲
Deferred charges and accrued income490/1€721k€795k▲
Equity and liabilities
Total equity and liabilities10/49€13.09M€12.80M▼
Equity10/15€2.30M€2.35M▲
Contributions10/11€250k€250k=
Reserves13€2.05M€2.10M▲
Non-distributable reserves130/1€25k€25k=
Reserves not available under the articles1311€25k€25k=
Distributable reserves133€2.02M€2.08M▲
Amounts payable17/49€10.80M€10.45M▼
Amounts payable within one year42/48€10.75M€10.40M▼
Financial debts43€553k€553k=
Credit institutions430/8€553k€553k=
Trade debts44€727k€473k▼
Suppliers440/4€727k€473k▼
Advances received on contracts in progress46€8.27M€6.56M▼
Taxes, remuneration and social security45€97k€27k▼
Taxes450/3€81k€9k▼
Remuneration and social security454/9€16k€18k▲
Other amounts payable47/48€1.10M€2.79M▲
Accrued charges and deferred income492/3€47k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€151k€172k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€14k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€566k€293k▼
Operating profit (loss)9901€401k€105k▼
Financial income75/76B€30k€39k▲
Recurring financial income75€30k€39k▲
Financial charges65/66B€73k€73k▼
Recurring financial charges65€73k€73k▼
Profit (loss) for the period before taxes9903€358k€71k▼
Income taxes67/77€90k€19k▼
Profit (loss) for the period9904€268k€52k▼
Profit (loss) for the period to be appropriated9905€268k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€268k€52k▼
Transfer to equity691/2€268k€52k▼
To other reserves6921€268k€52k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (12 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 | - | - | - | €7k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €162k | €118k | €180k | €151k | €172k | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €15k | €12k | €11k | €14k | ▲ 24.2% |
| Other operating charges640/8 | €5k | €3k | €3k | €3k | €2k | ▼ 12.7% |
| Non-recurring operating charges66A | - | €2k | - | - | - | - |
| Gross operating margin9900 | €312k | €500k | €582k | €566k | €293k | ▼ 48.2% |
| Operating profit (loss)9901 | €129k | €362k | €388k | €401k | €105k | ▼ 73.8% |
| Financial income75/76B | €38k | €47k | €43k | €30k | €39k | ▲ 31.7% |
| Recurring financial income75 | €38k | €47k | €43k | €30k | €39k | ▲ 31.7% |
| Financial charges65/66B | €14k | €10k | €75k | €73k | €73k | ▼ 0.2% |
| Recurring financial charges65 | €14k | €10k | €75k | €73k | €73k | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €153k | €399k | €355k | €358k | €71k | ▼ 80.1% |
| Income taxes67/77 | €41k | €103k | €91k | €90k | €19k | ▼ 78.9% |
| Profit (loss) for the period9904 | €112k | €297k | €265k | €268k | €52k | ▼ 80.4% |
| Profit (loss) for the period to be appropriated9905 | €112k | €297k | €265k | €268k | €52k | ▼ 80.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.68M | €14.57M | €16.32M | €13.09M | €12.80M | ▼ 2.2% |
| Fixed assets21/28 | €44k | €35k | €32k | €56k | €48k | ▼ 14.2% |
| Tangible fixed assets22/27 | €36k | €27k | €20k | €50k | €41k | ▼ 19.3% |
| Furniture and vehicles24 | €36k | €27k | €20k | €50k | €41k | ▼ 19.3% |
| Financial fixed assets28 | €8k | €9k | €12k | €6k | €7k | ▲ 31.0% |
| Current assets29/58 | €19.63M | €14.54M | €16.29M | €13.04M | €12.75M | ▼ 2.2% |
| Stocks and contracts in progress3 | €15.63M | €12.90M | €14.76M | €12.01M | €11.03M | ▼ 8.1% |
| Stocks30/36 | €15.63M | €12.90M | €14.76M | €12.01M | €11.03M | ▼ 8.1% |
| Amounts receivable within one year40/41 | €451k | €735k | €131k | €79k | €360k | ▲ 355% |
| Trade receivables40 | €389k | €411k | €105k | €64k | €246k | ▲ 285% |
| Other amounts receivable41 | €62k | €324k | €26k | €15k | €115k | ▲ 641% |
| Cash at bank and in hand54/58 | €677k | €42k | €33k | €233k | €572k | ▲ 145% |
| Deferred charges and accrued income490/1 | €2.88M | €857k | €1.37M | €721k | €795k | ▲ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.68M | €14.57M | €16.32M | €13.09M | €12.80M | ▼ 2.2% |
| Equity10/15 | €1.47M | €1.77M | €2.03M | €2.30M | €2.35M | ▲ 2.3% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Reserves13 | €1.22M | €1.52M | €1.78M | €2.05M | €2.10M | ▲ 2.6% |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves not available under the articles1311 | €25k | €25k | €25k | €25k | €25k | = |
| Distributable reserves133 | €1.19M | €1.49M | €1.76M | €2.02M | €2.08M | ▲ 2.6% |
| Amounts payable17/49 | €18.21M | €12.81M | €14.29M | €10.80M | €10.45M | ▼ 3.2% |
| Amounts payable within one year42/48 | €18.20M | €12.81M | €14.25M | €10.75M | €10.40M | ▼ 3.2% |
| Financial debts43 | €500k | €500k | €556k | €553k | €553k | = |
| Credit institutions430/8 | €500k | €500k | €556k | €553k | €553k | = |
| Trade debts44 | €2.36M | €971k | €896k | €727k | €473k | ▼ 35.0% |
| Suppliers440/4 | €2.36M | €971k | €896k | €727k | €473k | ▼ 35.0% |
| Advances received on contracts in progress46 | €15.07M | €11.31M | €10.46M | €8.27M | €6.56M | ▼ 20.7% |
| Taxes, remuneration and social security45 | €261k | €28k | €187k | €97k | €27k | ▼ 71.9% |
| Taxes450/3 | €248k | €17k | €170k | €81k | €9k | ▼ 89.1% |
| Remuneration and social security454/9 | €13k | €12k | €17k | €16k | €18k | ▲ 16.0% |
| Other amounts payable47/48 | - | - | €2.15M | €1.10M | €2.79M | ▲ 154% |
| Accrued charges and deferred income492/3 | €7k | - | €37k | €47k | €52k | ▲ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112k | €297k | €265k | €268k | €52k | ▼ 80.4% |
| + Depreciation and write-downs630 | €16k | €15k | €12k | €11k | €14k | ▲ 24.2% |
| Operating cash flow (approximation) | €128k | €312k | €276k | €279k | €66k | ▼ 76.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-9k | €-35k | €-6k | ▲ 84.1% |
| Change in cash | - | €-635k | €-9k | €200k | €339k | ▲ 69.4% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.03M ▲15%
6 profitable years in a row build equity to €2.03M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €353k ▲6,612%
Operating result €463k, net result €353k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.00M ▲0.5%
2 profitable years in a row build equity to €1.00M.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2013
Ground area
927 m²
Building footprint
569 m²
Volume, LiDAR
5,099 m³
Parcel 31808K0728/00Y000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Novus Construct
since 20132.213.381.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0728/00Y000 | Flanders | 927 m² | 1 · 569 m² | 11.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 440 EUR awarded · 220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 440 EUR | 220 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,775 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
Founded08-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.