ACTIVE

PUBLIC CONSTRUCT

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Financial year 2025 · closed on 30/09/2025

Net result

108,6 k €

-35.7% YoY

Gross margin

306,5 k €

-23.1% YoY

Equity

458,4 k €

+31.1% YoY

Workforce

0,0 ETP

What does PUBLIC CONSTRUCT do?

PUBLIC CONSTRUCT is a Public limited company incorporated in 2003. Its main activity is: Raising of dairy cattle. Its registered office is in Ardooie.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.273.139

Incorporation

10/01/2003

Legal form

Public limited company

Registered office

Kloosterstraat 21
8851 Ardooie · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

01410Raising of dairy cattle· main 42990Construction of other civil engineering projects n.e.c.42990Construction of other civil engineering projects n.e.c.46499Wholesale of other household goods 46499Wholesale of other household goods 51478Air transport+11

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	306,5 k €	-23.1%	398,5 k €	+67.9%	237,4 k €	+39.3%	170,4 k €	+147%	68,9 k €	-20.2%	86,4 k €	-12.8%	99,1 k €	-5.7%	105 k €	+34.1%	78,3 k €	-2.2%	80,1 k €	-28.8%	112,4 k €	+54.8%	72,6 k €	-33.3%	108,9 k €	+65.6%	65,7 k €	+47.4%	44,6 k €	-30.3%	64 k €	+40.0%	45,7 k €	+108%	22 k €
EBITDA	230,1 k €	-29.3%	325,5 k €	+107%	157,6 k €	+84.8%	85,3 k €	+118%	39,2 k €	-32.7%	58,2 k €	-21.0%	73,7 k €	+73.1%	42,6 k €	+73.4%	24,6 k €	+5054%	-495,8 €	-101%	39,7 k €	-14.5%	46,4 k €	-7.2%	50 k €	+263%	13,8 k €	+119%	6,3 k €	-85.3%	42,8 k €	+27.0%	33,7 k €	+815%	-4,7 k €
Operating result	153,2 k €	-41.4%	261,6 k €	+141%	108,4 k €	+97.8%	54,8 k €	+328%	12,8 k €	-41.4%	21,8 k €	-49.6%	43,3 k €	+157%	16,8 k €	+13.9%	14,8 k €	+3084%	-495,8 €	-104%	12,7 k €	-54.8%	28 k €	+67.6%	16,7 k €	+21.4%	13,8 k €	+119%	6,3 k €	-66.8%	18,9 k €	+60.6%	11,8 k €	+350%	-4,7 k €
Net result	108,6 k €	-35.7%	169 k €	+166%	63,5 k €	+116%	29,4 k €	+2559%	1,1 k €	-89.6%	10,6 k €	-63.5%	29,2 k €	+1022%	2,6 k €	-68.4%	8,2 k €	+155%	-15,1 k €	-640%	2,8 k €	+111%	1,3 k €	-90.4%	13,9 k €	+52.8%	9,1 k €	+13383%	67,2 €	-98.9%	6,2 k €	-45.8%	11,4 k €	+225%	-9,1 k €
Balance sheet
Equity	458,4 k €	+31.1%	349,8 k €	+93.5%	180,8 k €	+54.2%	117,2 k €	+54.2%	76 k €	+1.5%	74,9 k €	+16.6%	64,3 k €	+42.6%	45,1 k €	+6.1%	42,5 k €	+24.1%	34,2 k €	-38.1%	55,3 k €	+5.3%	52,5 k €	+2.6%	51,2 k €	+37.1%	37,3 k €	+32.1%	28,2 k €	+0.2%	28,2 k €	+28.1%	22 k €	+107%	10,6 k €
Total assets	590,2 k €	-18.9%	728,2 k €	+27.6%	570,6 k €	+3.3%	552,4 k €	-21.2%	700,6 k €	-28.1%	974,8 k €	+27.5%	764,3 k €	+20.1%	636,7 k €	+20.6%	528,1 k €	+39.6%	378,4 k €	+7.2%	353,1 k €	-18.6%	434 k €	-7.1%	467,4 k €	+6.6%	438,6 k €	+13.8%	385,5 k €	+1.8%	378,7 k €	+48.1%	255,7 k €	+19.3%	214,3 k €
Cash	134,9 k €	+105%	65,9 k €	-74.6%	259,7 k €	+281%	68,2 k €	+70.6%	40 k €	+833%	4,3 k €	-59.9%	10,7 k €	+25.4%	8,5 k €	-57.6%	20,1 k €	+42.9%	14,1 k €	+177%	5,1 k €	+16.3%	4,4 k €	-92.2%	56 k €	+328%	13,1 k €	-28.0%	18,2 k €	-41.6%	31,1 k €	+255%	8,8 k €	+445%	1,6 k €
Debts	131,8 k €	-65.2%	378,4 k €	+5.4%	359,1 k €	-17.1%	433,3 k €	-30.4%	622,8 k €	-30.8%	899,5 k €	+28.5%	700,1 k €	+18.3%	591,6 k €	+21.8%	485,6 k €	+42.0%	342 k €	+14.8%	297,8 k €	-21.9%	381,5 k €	-8.3%	416,2 k €	+3.7%	401,3 k €	+12.3%	357,2 k €	+1.9%	350,5 k €	+50.7%	232,6 k €	+14.8%	202,6 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	1,3 ETP	+117%	0,6 ETP	-25.0%	0,8 ETP	+33.3%	0,6 ETP	0.0%	0,6 ETP	-45.5%	1,1 ETP	-21.4%	1,4 ETP	-12.5%	1,6 ETP	-20.0%	2,0 ETP	+42.9%	1,4 ETP	+16.7%	1,2 ETP	-25.0%	1,6 ETP	+14.3%	1,4 ETP	+180%	0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Kurt Farrazijn

Associate

Active

Ended mandates

Kurt Farrazijn

Managing director · since 12 mars 2015

Ended

Kurt Farrazijn

Director

Ended

Kurt Farrazijn

Managing director

Ended

Wilfried Farrazijn

Director · until 28 août 2019

Ended

Annual accounts

Full financial information

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	05/05/2025	27/05/2024	27/04/2023	31/03/2022	31/05/2021
General meeting	12/03/2026	13/03/2025	14/03/2024	09/03/2023	10/03/2022	11/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	12/03/2026	31/03/2026	Dutch	PDF
Abridged model	30/09/2024	13/03/2025	05/05/2025	Dutch	PDF
Abridged model	30/09/2023	14/03/2024	27/05/2024	Dutch	PDF
Abridged model	30/09/2022	09/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	10/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	11/03/2021	31/05/2021	Dutch	PDF
Abridged model	30/09/2019	12/03/2020	05/05/2020	Dutch	PDF
Abridged model	30/09/2018	14/03/2019	02/05/2019	Dutch	PDF
Abridged model	30/09/2017	08/03/2018	04/05/2018	Dutch	PDF
Abridged model	30/09/2016	09/03/2017	24/04/2017	Dutch	PDF
Abridged model	30/09/2015	10/03/2016	08/04/2016	Dutch	PDF
Abridged model	30/09/2014	12/03/2015	05/05/2015	Dutch	PDF
Abridged model	30/09/2013	13/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	13/03/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	08/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	10/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	11/03/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	12/03/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	13/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	08/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Kurt Farrazijn

Associate

Active

Ended mandates

Kurt Farrazijn

Managing director · since 12 mars 2015

Ended

Kurt Farrazijn

Director

Ended

Kurt Farrazijn

Managing director

Ended

Wilfried Farrazijn

Director · until 28 août 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/01/2012
KAPITAAL - AANDELEN
PDF
Mandates07/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other12/03/2007
BENAMING - DOEL
PDF
Registered office17/11/2006
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/11/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other05/02/2003
DIVERSEN
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

2025
Annual accounts 2025108,6 k €↓
2024
Annual accounts 2024169 k €↑
2023
Annual accounts 202363,5 k €↑
2022
Annual accounts 202229,4 k €↑
2020
Annual accounts 20201,1 k €↓
2019
Annual accounts 201910,6 k €↓
2018
Annual accounts 201829,2 k €↑
2017
Annual accounts 20172,6 k €↓
2016
Annual accounts 20168,2 k €↑
2015
Annual accounts 2015-15,1 k €↓
2014
Annual accounts 20142,8 k €↑
2013
Annual accounts 20131,3 k €↓
2012
Annual accounts 201213,9 k €↑
2011
Annual accounts 20119,1 k €↑
2010
Annual accounts 201067,2 €↓
2009
Annual accounts 20096,2 k €↓
2008
Annual accounts 200811,4 k €↑
2007
Annual accounts 2007-9,1 k €
10/01/2003
IncorporationPublic 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

PUBLIC CONSTRUCT

Overview

What does PUBLIC CONSTRUCT do?

Trend over 18 financial years

Indicative valuation

Board of directors

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