ACTIVE

Construal

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Financial year 2025 · Closed on 31/12/2025

Net result594,1 k €+216,8 %over 1 year

Gross margin1,3 M €+48,5 %over 1 year

Equity988,3 k €+0,4 %over 1 year

Workforce9,9 ETP+1,0 %over 1 year

Identity

Source · BCE/KBO

Construal is a Private limited company incorporated in 1955. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Hasselt. It employs on average 9,9 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: 31/12/2025
Average workforce: 9,9 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 28120Manufacture of fluid power equipment+6

Joint committees (5)

00
111
1110
209
2090

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,3 M €	+48.5%	888,1 k €	+29.7%	684,7 k €	-28.2%	954,2 k €	+31.7%	724,6 k €
EBITDA	596,4 k €	+214%	189,9 k €	+5085%	3,7 k €	-98.8%	297,3 k €	+215%	94,3 k €
Operating result	590,7 k €	+230%	178,9 k €	+1025%	-19,4 k €	-125%	78,2 k €	+15.1%	67,9 k €
Net result	594,1 k €	+217%	187,5 k €	+8756%	2,1 k €	-97.8%	98,2 k €	+10.8%	88,6 k €
Balance sheet
Equity	988,3 k €	+0.4%	984,2 k €	+0.8%	976,6 k €	+0.2%	974,5 k €	+0.8%	966,3 k €
Total assets	1,8 M €	+39.1%	1,3 M €	-8.5%	1,4 M €	+9.0%	1,3 M €	+12.1%	1,1 M €
Cash	447,5 k €	+274%	119,5 k €	-44.2%	214 k €	+5.6%	202,7 k €	+44.9%	139,9 k €
Debts	786,8 k €	+169%	292,1 k €	-30.1%	417,9 k €	+37.0%	305,1 k €	+73.8%	175,6 k €
Other
Workforce	9,9 ETP	+1.0%	9,8 ETP	-3.0%	10,1 ETP	-8.2%	11,0 ETP	-1.8%	11,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
UPSILON0881.930.037Represented by Alexander Jansen	DirectorManager2014 accountsended

Ended mandates

Director	Mandates in this company	Period
André De heer JANSEN	Manager2006 accounts

Other companies at this address

Diestersteenweg 412 3510 Hasselt

Company	CBE no.
UPSILON● Active	0881.930.037

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2026	27/06/2025	30/08/2024	28/07/2023	29/07/2022	30/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	07/07/2026	Dutch	PDF
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

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
UPSILON0881.930.037Represented by Alexander Jansen	DirectorManager2014 accountsended

Ended mandates

Director	Mandates in this company	Period
André De heer JANSEN	Manager2006 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/01/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other12/07/2006
BUITENGEWONE ALGEMENE VERGADERING.
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1955

Name

Registered office

Annual accounts

Filings20 filings

Mandates

UPSILON

André De heer JANSEN

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Construal

Diestersteenweg 412, 3510 Kermt

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Diestersteenweg 412, 3510 KermtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00260049

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ConstrualCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00260049

Events

2025
Annual accounts 2025594,1 k €↑
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

Construal

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events