ACTIVE

Construal

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Financial year 2024 · closed on 31/12/2024

Net result

187,5 k €

+8756.4% YoY

Gross margin

888,1 k €

+29.7% YoY

Equity

984,2 k €

+0.8% YoY

Workforce

9,8 ETP

-3.0% YoY

What does Construal do?

Construal is a Private limited company incorporated in 1955. Its registered office is in Hasselt. It employs on average 9,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.935.642

Incorporation

28/05/1955

Legal form

Private limited company

Registered office

Diestersteenweg 412
3510 Hasselt · FlandreSee on map

Contributed capital

140 059,84 €

Latest accounts

31/12/2024

Average workforce

9,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	888,1 k €	+29.7%	684,7 k €	-28.2%	954,2 k €	+31.7%	724,6 k €	+50.3%	482 k €	-34.3%	733,6 k €	-0.7%	738,8 k €	+15.0%	642,2 k €	-20.6%	809,1 k €	+4.3%	775,7 k €	+1.6%	763,2 k €	-8.7%	835,6 k €	-12.7%	957,5 k €	+0.1%	956,2 k €	+44.3%	662,7 k €	-23.9%	870,7 k €	+17.4%	741,8 k €	+3.0%	720,3 k €	-4.4%	753,3 k €
EBITDA	189,9 k €	+5085%	3,7 k €	-98.8%	297,3 k €	+215%	94,3 k €	+189%	-106,2 k €	-193%	113,9 k €	+16.7%	97,7 k €	+1049%	-10,3 k €	-108%	136,9 k €	+43.2%	95,6 k €	+44.4%	66,2 k €	-63.3%	180,2 k €	-32.8%	268,1 k €	+7.8%	248,7 k €	+208%	80,8 k €	-72.6%	295,2 k €	+51.3%	195,1 k €	+102%	96,5 k €	+6.1%	90,9 k €
Operating result	178,9 k €	+1025%	-19,4 k €	-125%	78,2 k €	+15.1%	67,9 k €	+153%	-128,8 k €	-254%	83,9 k €	-5.7%	88,9 k €	+559%	-19,4 k €	-116%	121,8 k €	+61.3%	75,5 k €	+47.8%	51,1 k €	-67.8%	158,6 k €	-34.9%	243,6 k €	+14.8%	212,2 k €	+489%	36 k €	-85.0%	240 k €	+83.2%	131 k €	+113%	61,5 k €	-22.2%	79 k €
Net result	187,5 k €	+8756%	2,1 k €	-97.8%	98,2 k €	+10.8%	88,6 k €	+180%	-110,6 k €	-211%	99,5 k €	-8.1%	108,2 k €	+3623%	2,9 k €	-97.9%	136,9 k €	+51.2%	90,6 k €	+24.5%	72,7 k €	-61.1%	186,8 k €	-31.5%	272,7 k €	+12.1%	243,3 k €	+248%	69,9 k €	-74.7%	276,7 k €	+74.3%	158,7 k €	+74.7%	90,9 k €	+18.6%	76,6 k €
Balance sheet
Equity	984,2 k €	+0.8%	976,6 k €	+0.2%	974,5 k €	+0.8%	966,3 k €	+10.1%	877,7 k €	-11.2%	988,3 k €	+0.0%	987,8 k €	+0.0%	987,6 k €	+0.3%	984,7 k €	+1.2%	972,8 k €	+1.6%	957,2 k €	+2.4%	934,5 k €	+3.0%	907,6 k €	+3.1%	880 k €	+2.7%	856,7 k €	+3.0%	831,8 k €	+4.0%	800,1 k €	+3.7%	771,4 k €	+4.2%	740,5 k €
Total assets	1,3 M €	-8.5%	1,4 M €	+9.0%	1,3 M €	+12.1%	1,1 M €	-0.6%	1,1 M €	-16.8%	1,4 M €	+4.9%	1,3 M €	+2.8%	1,3 M €	-7.6%	1,4 M €	-0.0%	1,4 M €	+11.2%	1,2 M €	-2.8%	1,3 M €	-18.2%	1,6 M €	-7.2%	1,7 M €	+24.1%	1,4 M €	-11.9%	1,5 M €	+10.8%	1,4 M €	+15.3%	1,2 M €	-15.4%	1,4 M €
Cash	119,5 k €	-44.2%	214 k €	+5.6%	202,7 k €	+44.9%	139,9 k €	-3.0%	144,2 k €	-75.1%	578,5 k €	+25.4%	461,4 k €	+7.7%	428,3 k €	-43.2%	753,9 k €	+12.5%	670,1 k €	+14.2%	586,6 k €	-3.5%	608,1 k €	-31.0%	881,5 k €	+1.9%	865 k €	+113%	406,5 k €	-43.0%	712,6 k €	+1273%	51,9 k €	-58.2%	124,1 k €	-42.3%	215,1 k €
Debts	292,1 k €	-30.1%	417,9 k €	+37.0%	305,1 k €	+73.8%	175,6 k €	-35.3%	271,5 k €	-30.9%	392,6 k €	+19.5%	328,5 k €	+12.4%	292,3 k €	-26.0%	394,9 k €	-4.2%	412,3 k €	+43.1%	288,2 k €	-16.8%	346,2 k €	-47.3%	657,4 k €	-15.7%	779,8 k €	+57.7%	494,4 k €	-27.5%	682,3 k €	+15.3%	591,9 k €	+35.6%	436,5 k €	-36.5%	687,8 k €
Other
Workforce	9,8 ETP	-3.0%	10,1 ETP	-8.2%	11,0 ETP	-1.8%	11,2 ETP	-5.1%	11,8 ETP	+2.6%	11,5 ETP	-8.7%	12,6 ETP	0.0%	12,6 ETP	-5.3%	13,3 ETP	-2.9%	13,7 ETP	-7.4%	14,8 ETP	-5.7%	15,7 ETP	0.0%	15,7 ETP	-5.4%	16,6 ETP	+7.8%	15,4 ETP	+14.1%	13,5 ETP	-2.9%	13,9 ETP	-14.7%	16,3 ETP	-6.3%	17,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

UPSILON

Director · 0881.930.037

Represented by Alexander Jansen

Active

Ended mandates

André De heer JANSEN

Manager

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

At this address

Other companies at this address

Company	CBE no.
UPSILON● Active	0881.930.037

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2025	30/08/2024	28/07/2023	29/07/2022	30/06/2021	30/06/2020
General meeting	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021	25/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	26/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

UPSILON

Director · 0881.930.037

Represented by Alexander Jansen

Active

Ended mandates

André De heer JANSEN

Manager

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

UPSILON

Manager · 0881.930.037

Represented by Alexander Jansen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024187,5 k €↑
2023
Annual accounts 20232,1 k €↓
2022
Annual accounts 202298,2 k €↑
2021
Annual accounts 202188,6 k €↑
2020
Annual accounts 2020-110,6 k €↓
2019
Annual accounts 201999,5 k €↓
2018
Annual accounts 2018108,2 k €↑
2017
Annual accounts 20172,9 k €↓
2016
Annual accounts 2016136,9 k €↑
2015
Annual accounts 201590,6 k €↑
2014
Annual accounts 201472,7 k €↓
2013
Annual accounts 2013186,8 k €↓
2012
Annual accounts 2012272,7 k €↑
2011
Annual accounts 2011243,3 k €↑
2010
Annual accounts 201069,9 k €↓
2009
Annual accounts 2009276,7 k €↑
2008
Annual accounts 2008158,7 k €↑
2007
Annual accounts 200790,9 k €↑
2006
Annual accounts 200676,6 k €
28/05/1955
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Construal

Overview

What does Construal do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline