Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Shrinking team NBB
FTE fell two years in a row, from 3.1 to 2.5.
Financials
Financial year 2024
BUILD-X from Zulte, company number BE0889724877, closed financial year 2024 with a result of € -13,966 after tax. For that financial year BUILD-X recorded a gross margin of € 176,795 and equity of € 260,697. Compared with financial year 2023, the result moved from € -2,525 to € -13,966. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 20, 2025.
€ 260,697
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,966
▼ 453 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,708
▼ 86% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 242,147.
People and assets in 2024
2.5
▼ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 151,509
▼ 2% vs 2023
€ 60,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,077
▼ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 14,423
▼ 32% vs 2023
€ 6,876 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 44,317
▼ 67% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 26,175
▲ € 21,394 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 93,818 | € 311,324 | € 171,924 | € 176,795 | ▲ 3% |
| Profit after taxes | € -16,614 | € 63,503 | € -2,525 | € -13,966 | ▼ € 11,441 |
| Equity | € 240,843 | € 277,187 | € 274,663 | € 260,697 | ▼ 5% |
| Total debts | € 254,936 | € 155,321 | € 201,663 | € 128,029 | ▼ 37% |
| Cash | € 103,145 | € 54,467 | € 12,293 | € 1,708 | ▼ 86% |
| Retained profit | € 222,293 | € 258,637 | € 256,113 | € 242,147 | ▼ 5% |
| Dividend | € 31,892 | € 27,159 | € 0 | € 0 | |
| Bank debt | € 17,776 | € 36,058 | € 21,214 | € 14,423 | ▼ 32% |
| Balance sheet total | € 495,780 | € 432,508 | € 476,326 | € 388,726 | ▼ 18% |
| Employees (FTE) | - | 3.1 | 2.6 | 2.5 | ▼ 0.1 |
Key figures of BUILD-X, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BUILD-X?
What happened at BUILD-X in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 13,966. filed late Source: NBB ↗
- New establishment in Zulte. KBO
- Davy Santens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,614 loss in 2021 to € 13,966 loss in 2024.
Paid € 9,443 in corporate taxes since 2021.
Best year ever: 2022, with € 63,503 profit.
On average € 70,700 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Davy Santens
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Vossenholstraat 12
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.724.877
- VAT number
- BE 0889.724.877
- Registered office
- Vossenholstraat 12, 9870 Zulte
- Names & denominations
- BUILD-X
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2007
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Overige bouwinstallatie
Installatie van isolatie
Algemene bouw van residentiële gebouwen
Schrijnwerk
Algemene elektrotechnische installatiewerken
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
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