UNDER CONSTRUCTION
0448.036.862 · rovalta.com · 21/09/2026
ACTIVE
UNDER CONSTRUCTION
Financial year 2025 · closed on 31/12/2025
Net result
22,5 k €
+10.1% YoY
Gross margin
126,3 k €
+2.5% YoY
Equity
1,3 M €
-6.0% YoY
Overview
What does UNDER CONSTRUCTION do?
UNDER CONSTRUCTION is a Public limited company incorporated in 1992. Its registered office is in Evergem.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.036.862
Incorporation
25/08/1992
Legal form
Public limited company
Registered office
Durmakker 6
9940 Evergem · FlandreSee on map
9940 Evergem · FlandreSee on map
Contributed capital
158 651,86 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 126,3 k € | +2.5% | 123,2 k € | +6.1% | 116,2 k € | -28.8% | 163,2 k € | +32.2% | 123,5 k € | -12.3% | 140,8 k € | -2.9% | 144,9 k € | +20.8% | 120 k € | +15.4% | 104 k € | -12.5% | 118,9 k € | +118% | 54,5 k € | +147% | -115,4 k € | -113% | 882,6 k € | +579% | 129,9 k € | +317% | -60 k € | -663% | 10,7 k € | +248% | -7,2 k € | -440% | -1,3 k € | -105% | 26 k € |
| EBITDA | 101,4 k € | +16.5% | 87 k € | -5.8% | 92,4 k € | -35.6% | 143,5 k € | +35.4% | 106 k € | -14.1% | 123,3 k € | +1.0% | 122,1 k € | +13.2% | 107,8 k € | +64.9% | 65,4 k € | -38.3% | 106 k € | +526% | 16,9 k € | +113% | -132,5 k € | -115% | 878,8 k € | +599% | 125,6 k € | +246% | -86,1 k € | -297% | -21,7 k € | +55.0% | -48,2 k € | -42.6% | -33,8 k € | -507% | -5,6 k € |
| Operating result | 30,6 k € | +92.0% | 16 k € | -35.2% | 24,6 k € | -68.0% | 77 k € | +915% | -9,4 k € | -141% | 23,2 k € | +28.7% | 18,1 k € | +1063% | -1,9 k € | +95.6% | -43,1 k € | -947% | 5,1 k € | +106% | -91 k € | +62.1% | -239,9 k € | -129% | 829,5 k € | +1273% | 60,4 k € | +164% | -94,3 k € | -109% | -45,2 k € | +40.6% | -76,1 k € | +3.3% | -78,7 k € | -46.8% | -53,6 k € |
| Net result | 22,5 k € | +10.1% | 20,4 k € | -14.0% | 23,7 k € | +195% | -24,9 k € | -112% | -11,7 k € | -150% | 23,6 k € | +39.5% | 17 k € | +143% | -39 k € | +53.8% | -84,5 k € | -2142% | 4,1 k € | +105% | -82,5 k € | +19.2% | -102,1 k € | -116% | 633,6 k € | +948% | 60,5 k € | +147% | -129,1 k € | -664% | 22,9 k € | +184% | -27,1 k € | -128% | 97,7 k € | +491% | -25 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,3 M € | -6.0% | 1,4 M € | +1.5% | 1,4 M € | +0.6% | 1,4 M € | -2.8% | 1,4 M € | -0.8% | 1,4 M € | -0.4% | 1,4 M € | +1.2% | 1,4 M € | -2.7% | 1,4 M € | -5.5% | 1,5 M € | +0.3% | 1,5 M € | -5.1% | 1,6 M € | -6.0% | 1,7 M € | +59.1% | 1,1 M € | +6.0% | 1 M € | -11.3% | 1,1 M € | +2.0% | 1,1 M € | -2.4% | 1,1 M € | +9.3% | 1 M € |
| Total assets | 1,5 M € | +0.9% | 1,5 M € | -2.6% | 1,5 M € | -0.5% | 1,5 M € | -3.1% | 1,6 M € | +2.0% | 1,5 M € | +1.3% | 1,5 M € | -18.1% | 1,8 M € | -2.5% | 1,9 M € | -2.1% | 1,9 M € | -0.7% | 1,9 M € | -11.7% | 2,2 M € | -5.2% | 2,3 M € | +36.0% | 1,7 M € | +6.8% | 1,6 M € | -4.5% | 1,7 M € | +10.7% | 1,5 M € | +2.9% | 1,5 M € | +2.0% | 1,4 M € |
| Cash | 202,5 k € | +137% | 85,3 k € | +45.2% | 58,7 k € | -42.8% | 102,7 k € | +28.5% | 79,9 k € | -59.6% | 197,5 k € | +76.8% | 111,7 k € | -30.7% | 161,3 k € | +61.6% | 99,8 k € | -76.7% | 428,9 k € | +3.6% | 414,1 k € | -13.8% | 480,1 k € | -45.7% | 884,6 k € | +547% | 136,7 k € | -68.4% | 433 k € | +592% | 62,6 k € | +7.4% | 58,3 k € | +82.6% | 31,9 k € | +68.3% | 19 k € |
| Debts | 160,9 k € | +151% | 64,2 k € | -40.0% | 107,1 k € | -14.1% | 124,6 k € | -7.4% | 134,6 k € | +46.0% | 92,2 k € | +43.3% | 64,3 k € | -27.9% | 89,2 k € | +2.2% | 87,3 k € | +83.3% | 47,6 k € | -31.0% | 69 k € | -72.8% | 253,9 k € | +194% | 86,3 k € | -71.0% | 297,8 k € | +18.3% | 251,8 k € | +15.4% | 218,1 k € | +117% | 100,3 k € | +101% | 49,8 k € | +287% | 12,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 11 ended
At this address
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|---|---|
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GHENT MARINE CENTER● Active | 0447.150.501 |
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KSTD● Bankrupt | 0731.852.528 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 30/06/2026 | 29/08/2025 | 28/08/2024 | 30/08/2023 | 31/10/2022 | 30/09/2021 |
| General meeting | 30/05/2026 | 31/05/2025 | 25/05/2024 | 27/05/2023 | 28/05/2022 | 29/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/05/2026 | 30/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 31/05/2025 | 29/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 25/05/2024 | 28/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 27/05/2023 | 30/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 28/05/2022 | 31/10/2022 | Dutch | |
| Micro model | 31/12/2020 | 29/05/2021 | 30/09/2021 | Dutch | |
| Micro model | 31/12/2019 | 30/05/2020 | 31/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 27/05/2019 | 31/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 26/05/2018 | 09/11/2018 | Dutch | |
| Micro model | 31/12/2016 | 27/05/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 28/05/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/05/2015 | 22/09/2015 | Dutch | |
| Abridged model | 31/12/2013 | 31/05/2014 | 30/09/2014 | Dutch | |
| Abridged model | 31/12/2012 | 26/02/2013 | 30/09/2013 | Dutch | |
| Abridged model | 31/08/2011 | 28/02/2012 | 20/04/2012 | Dutch | |
| Abridged model | 31/08/2010 | 22/02/2011 | 30/03/2011 | Dutch | |
| Abridged model | 31/08/2009 | 23/02/2010 | 29/04/2010 | Dutch | |
| Abridged model | 31/08/2008 | 24/02/2009 | 30/03/2009 | Dutch | |
| Abridged model | 31/08/2007 | 26/02/2008 | 28/04/2008 | Dutch | |
| Abridged model | 31/08/2006 | 27/02/2007 | 19/03/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 11 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other22/05/2020DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates26/02/2019ONTSLAGEN - BENOEMINGEN
- Mandates20/05/2015MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates31/12/2012ONTSLAGEN - BENOEMINGEN
- Mandates18/09/2012KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates04/04/2007ONTSLAGEN - BENOEMINGEN
- Registered office27/09/2005MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates22/07/2004ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202522,5 k €↑
- 2024Annual accounts 202420,4 k €↓
- 2023Annual accounts 202323,7 k €↑
- 2022Annual accounts 2022-24,9 k €↓
- 2021Annual accounts 2021-11,7 k €↓
- 2020Annual accounts 202023,6 k €↑
- 2019Annual accounts 201917 k €↑
- 2018Annual accounts 2018-39 k €↑
- 2017Annual accounts 2017-84,5 k €↓
- 2016Annual accounts 20164,1 k €↑
- 2015Annual accounts 2015-82,5 k €↑
- 2014Annual accounts 2014-102,1 k €↓
- 2013Annual accounts 2013633,6 k €↑
- 2012Annual accounts 201260,5 k €↑
- 2011Annual accounts 2011-129,1 k €↓
- 2010Annual accounts 201022,9 k €↑
- 2009Annual accounts 2009-27,1 k €↓
- 2008Annual accounts 200897,7 k €↑
- 2007Annual accounts 2007-25 k €
- 25/08/1992IncorporationPublic limited company