PDF CONSTRUCT
ActiveSummary
PDF CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.79M and a net result of €1.36M. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+45
Solvency52▲+7
Growth71▲+19
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.35 in 2024; short-term debt: 49.1% and cash: 1.7% of total assets), but 73% 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
Sector 68
lower
← 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
27%
Return on assets
20.6%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
71 d early
2023
13 d early
2022
14 d early
2021
16 d early
2020
30 d early
2019
15 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€26.95M▲ 980%
2024 · €2.50M
2018: €0
2019: €17.18M
2020: €152k
2021: €0
2024: €2.50M
2018 → 2025
EBIT margin
6.8%▲ 4.3pp
2024 · 2.5%
2019: 9.6%
2020: 91.4%
2024: 2.5%
2019 → 2025
Net result
€1.36M▲ 481%
2024 · €235k
2018: €4k
2019: €1.16M
2020: €106k
2021: €38k
2022: €44k
2023: €2.89M
2024: €235k
2018 → 2025
Working capital
€3.37M▲ 55.4%
2024 · €2.17M
2018: €3.84M
2019: €5.63M
2020: €5.37M
2021: €9.84M
2022: €20.78M
2023: €7.73M
2024: €2.17M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€2.50M€26.95M▲ 980%
Equity€1.61M-€1.65M▲ 2.7%€4.54M▲ 175%€1.68M▼ 63.1%€1.79M▲ 6.7%
Operating result€41k-€46k▲ 12.8%€3.77M▲ 8,024%€62k▼ 98.4%€1.84M▲ 2,867%
Net result€38k-€44k▲ 16.8%€2.89M▲ 6,464%€235k▼ 91.9%€1.36M▲ 481%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,867% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6.62M
Equity
€1.79M ▲ 6.7%
Debt
€4.83M ▼ 28.3%
Debt's share of the balance-sheet total falls from 80.1% to 73.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.04▲
2024 · 1.35
Quick ratio
0.93▲
2024 · 0.56
Debt to equity
2.70▼
2024 · 4.01
ROE
76.1%▲
2024 · 14.0%
ROA
20.6%▲
2024 · 2.8%
Debt ≤ 1 year
€3.25M▼
2024 · €6.24M
Debt > 1 year
€1.38M▲
2024 · €0
Income taxes
€458k▲
2024 · €80k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.41M€6.62M▼
Current assets29/58€8.41M€6.62M▼
Stocks and contracts in progress3€4.94M€3.59M▼
Stocks30/36€4.94M€3.59M▼
Amounts receivable within one year40/41€1.63M€2.40M▲
Trade receivables40€234k€317k▲
Other amounts receivable41€1.39M€2.08M▲
Current investments50/53€550k€0▼
Cash at bank and in hand54/58€251k€115k▼
Deferred charges and accrued income490/1€1.05M€515k▼
Equity and liabilities
Total equity and liabilities10/49€8.41M€6.62M▼
Equity10/15€1.68M€1.79M▲
Contributions10/11€1.50M€1.50M=
Capital10€1.50M€1.50M=
Issued capital100€1.50M€1.50M=
Reserves13€178k€290k▲
Non-distributable reserves130/1€150k€150k=
Legal reserve130€150k€150k=
Distributable reserves133€28k€140k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€6.74M€4.83M▼
Amounts payable after more than one year17€0€1.38M▲
Financial debts170/4€0€1.38M▲
Amounts payable within one year42/48€6.24M€3.25M▼
Financial debts43-€155k
Credit institutions430/8-€155k
Trade debts44€3.97M€1.84M▼
Suppliers440/4€3.97M€1.84M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€35k€375▼
Taxes450/3€35k€375▼
Other amounts payable47/48€2.24M€1.25M▼
Accrued charges and deferred income492/3€492k€200k▼
Income statement
Code20242025
Turnover70€2.50M€26.95M▲
Goods, raw materials, services and sundry goods60/61€8.32M€3.73M▼
Other operating charges640/8€1k€6k▲
Gross operating margin9900€63k€1.84M▲
Operating profit (loss)9901€62k€1.84M▲
Financial income75/76B€257k€73k▼
Recurring financial income75€257k€73k▼
Financial charges65/66B€5k€89k▲
Recurring financial charges65€5k€89k▲
Profit (loss) for the period before taxes9903€315k€1.82M▲
Income taxes67/77€80k€458k▲
Profit (loss) for the period9904€235k€1.36M▲
Profit (loss) for the period to be appropriated9905€235k€1.36M▲
Appropriation of the result
Profit (loss) to be appropriated9906€235k€1.36M▲
Transfer from equity791/2€2.87M€0▼
Transfer to equity691/2€0€112k▲
To the legal reserve6920€0-
To other reserves6921€0€112k▲
Profit to be distributed694/7€3.10M€1.25M▼
Return on contributions (dividend)694€3.10M€1.25M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €2.89M ▲6,464%
Operating result €3.77M, net result €2.89M, both a record.
31-12
Financial
Equity above €2MEq €4.54M ▲175%
6 profitable years in a row build equity to €4.54M.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.75M ▲194%
2 profitable years in a row build equity to €1.75M.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Waregem · 1 establishment unit since 2015
Ground area
1.1 ha
Building footprint
581 m²
Volume, LiDAR
520 m³
Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
141
companies at this address
See who is registered here
1 establishment unit
Vredestraat 53, 8790 Waregem
since 20152.246.613.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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TEDECO
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,382. 3,136 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.