THINK CONSTRUCTION
ActiveTHINK CONSTRUCTION has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €56k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
95
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-22
Solvency98▲+26
Growth85=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.36 in 2024), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 41
higher
← 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
59.6%
Return on assets
19.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 25-03-2026, 6 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
6 d early
2024
11 d early
2023
4 d early
2022
27 d late
2021
10 d early
2020
8 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close15-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.10M▲ 17.0%
2024 · €942k
2019: €342k
2020: €535k
2021: €595k
2022: €704k
2023: €968k
2024: €942k
2019 → 2025
EBIT margin
6.6%▼ 7.9pp
2024 · 14.4%
2019: 2.1%
2020: 12.4%
2021: 16.9%
2022: 3.7%
2023: 12.2%
2024: 14.4%
2019 → 2025
Net result
€56k▼ 47.0%
2024 · €105k
2019: €5k
2020: €56k
2021: €80k
2022: €19k
2023: €90k
2024: €105k
2019 → 2025
Working capital
€114k▲ 37.8%
2024 · €82k
2019: €37k
2020: €66k
2021: €50k
2022: €82k
2023: €100k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€595k-€704k▲ 18.3%€968k▲ 37.4%€942k▼ 2.7%€1.10M▲ 17.0%
Equity€114k-€133k▲ 17.0%€143k▲ 7.8%€168k▲ 17.5%€169k▲ 0.4%
Operating result€101k-€26k▼ 74.2%€118k▲ 353%€136k▲ 15.5%€72k▼ 46.8%
Net result€80k-€19k▼ 75.9%€90k▲ 368%€105k▲ 16.3%€56k▼ 47.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€55k▼ 35.7%
Current assets
€228k▼ 26.7%
Equity and liabilities €283k
Equity
€169k▲ 0.4%
Debt
€114k▼ 49.9%
The debt ratio falls from 57.6% to 40.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€103k▼
2024 · €157k
Cash flow
€86k▼
2024 · €126k
Solvency
59.6%▲
2024 · 42.4%
Current ratio
1.99▲
2024 · 1.36
Quick ratio
1.95▲
2024 · 1.36
Debt / equity
0.68▼
2024 · 1.36
ROE
33.0%▼
2024 · 62.4%
ROA
19.6%▼
2024 · 26.5%
Interest coverage
263.70▼
2024 · 291.79
Debt
€114k▼
2024 · €229k
Debt ≤ 1 year
€114k▼
2024 · €229k
Income taxes
€16k▼
2024 · €30k
Staff costs
€39k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€397k€283k▼
Fixed assets21/28€86k€55k▼
Tangible fixed assets22/27€86k€55k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€80k€52k▼
Financial fixed assets28€75€75=
Current assets29/58€311k€228k▼
Stocks and contracts in progress3-€5k
Stocks30/36-€5k
Amounts receivable within one year40/41€117k€140k▲
Trade receivables40€102k€131k▲
Other amounts receivable41€14k€9k▼
Cash at bank and in hand54/58€188k€81k▼
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€397k€283k▼
Equity10/15€168k€169k▲
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€25k€25k=
Profit (loss) carried forward14€123k€123k▲
Amounts payable17/49€229k€114k▼
Amounts payable within one year42/48€229k€114k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€107k€41k▼
Suppliers440/4€107k€41k▼
Taxes, remuneration and social security45€46k€27k▼
Taxes450/3€44k€27k▼
Remuneration and social security454/9€3k€526▼
Other amounts payable47/48€67k€46k▼
Income statement
Code20242025
Turnover70€942k€1.10M▲
Non-recurring operating income76A-€10
Goods, raw materials, services and sundry goods60/61€767k€959k▲
Remuneration, social security and pensions62€41k€39k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€31k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-25k-
Other operating charges640/8€2k€125▼
Non-recurring operating charges66A-€686
Gross operating margin9900€175k€143k▼
Operating profit (loss)9901€136k€72k▼
Financial income75/76B€22€3▼
Recurring financial income75€22€3▼
Financial charges65/66B€540€390▼
Recurring financial charges65€540€390▼
Profit (loss) for the period before taxes9903€135k€72k▼
Income taxes67/77€30k€16k▼
Profit (loss) for the period9904€105k€56k▼
Profit (loss) for the period to be appropriated9905€105k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€203k€178k▼
Profit (loss) brought forward from the previous period14P€98k€123k▲
Profit to be distributed694/7€80k€55k▼
Return on contributions (dividend)694€80k€55k▼
The notes to these accounts (5 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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Highest result since 2019net €105k ▲16.3%
Operating result €136k, net result €105k, both a record.
31-08
Financial
Equity above €150kEq €168k ▲17.5%
6 profitable years in a row build equity to €168k.
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Equity above €100kEq €114k ▲24.6%
3 profitable years in a row build equity to €114k.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kwakkelstraat 611800 VilvoordeGround area
623 m²
Building footprint
129 m²
Volume, LiDAR
760 m³
Parcel 23645B0015/00C002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THINK CONSTRUCTION
since 20152.247.931.943
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23645B0015/00C002 | Flanders | 623 m² | 1 · 129 m² | 10.4 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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EDILE MAR CONSTRUCT
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R&R TEAM
BE 0737.852.967
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EURO TIME CONSTRUCT
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,874. 12,307 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-11-2015
Fiscal year end31-08
Activities, NACEBEL
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.