A.A. CONSTRUCT
ActiveSummary
A.A. CONSTRUCT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €3k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-2
Solvency100▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 7.2 against 3.24 in 2024; short-term debt: 13.6% and cash: 8.1% of total assets), and 24% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76%
Return on assets
1.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
49 d late
2024
117 d late
2023
3 d early
2022
29 d late
2021
26 d late
2020
107 d late
2019
47 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€193k▲ 0.2%
2024 · €193k
2018: €88k
2019: €104k
2020: €106k
2021: €133k
2022: €201k
2023: €200k
2024: €193k
2018 → 2025
Total assets
€254k▼ 7.4%
2024 · €274k
2018: €145k
2019: €194k
2020: €142k
2021: €217k
2022: €348k
2023: €298k
2024: €274k
2018 → 2025
Net result
€3k▼ 62.9%
2024 · €8k
2018: €15k
2019: €15k
2020: €3k
2021: €51k
2022: €109k
2023: €18k
2024: €8k
2018 → 2025
Working capital
€213k▲ 16.7%
2024 · €183k
2018: €52k
2019: €72k
2020: €81k
2021: €121k
2022: €185k
2023: €167k
2024: €183k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€201k▲ 52.0%€200k▼ 0.8%€193k▼ 3.7%€193k▲ 0.2%
Operating result€62k-€137k▲ 121%€28k▼ 79.5%€15k▼ 47.3%€5k▼ 66.5%
Net result€51k-€109k▲ 112%€18k▼ 83.1%€8k▼ 58.2%€3k▼ 62.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€6k ▼ 38.5%
Current assets
€248k ▼ 6.2%
Equity and liabilities €254k
Equity
€193k ▲ 0.2%
Debt
€61k ▼ 25.3%
Debt's share of the balance-sheet total falls from 29.7% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €22k
Cash flow
€11k▼
2024 · €15k
Current ratio
7.20▲
2024 · 3.24
Quick ratio
6.71▲
2024 · 3.24
Debt to equity
0.32▼
2024 · 0.42
ROE
1.5%▼
2024 · 4.0%
ROA
1.1%▼
2024 · 2.8%
Interest coverage
14.76▼
2024 · 21.07
Debt ≤ 1 year
€34k▼
2024 · €81k
Debt > 1 year
€26k
Income taxes
€3k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€274k€254k▼
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€10k€6k▼
Furniture and vehicles24€10k€6k▼
Financial fixed assets28€220€220=
Current assets29/58€264k€248k▼
Stocks and contracts in progress3-€17k
Stocks30/36-€17k
Amounts receivable within one year40/41€226k€210k▼
Trade receivables40€154k€134k▼
Other amounts receivable41€72k€76k▲
Cash at bank and in hand54/58€38k€21k▼
Deferred charges and accrued income490/1-€640
Equity and liabilities
Total equity and liabilities10/49€274k€254k▼
Equity10/15€193k€193k▲
Contributions10/11€6k€6k=
Reserves13€121k€119k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€102k€100k▼
Profit (loss) carried forward14€65k€68k▲
Amounts payable17/49€81k€61k▼
Amounts payable after more than one year17-€26k
Financial debts170/4-€26k
Amounts payable within one year42/48€81k€34k▼
Current portion of amounts payable after more than one year42-€9k
Trade debts44€53k€15k▼
Suppliers440/4€53k€15k▼
Taxes, remuneration and social security45€14k€7k▼
Taxes450/3€14k€7k▼
Other amounts payable47/48€15k€3k▼
Accrued charges and deferred income492/3-€21
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8-€400
Non-recurring operating charges66A€10k€11k▲
Gross operating margin9900€32k€25k▼
Operating profit (loss)9901€15k€5k▼
Financial income75/76B€31€1k▲
Recurring financial income75€31€1k▲
Financial charges65/66B€1k€871▼
Recurring financial charges65€1k€871▼
Profit (loss) for the period before taxes9903€14k€5k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€8k€3k▼
Profit (loss) for the period to be appropriated9905€8k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€68k▼
Profit (loss) brought forward from the previous period14P€65k€65k=
Transfer from equity791/2€15k€4k▼
Transfer to equity691/2€8k€2k▼
To other reserves6921€8k€2k▼
Profit to be distributed694/7€15k€3k▼
Return on contributions (dividend)694€15k€3k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 7.20
Current ratio from 3.24 to 7.20; short-term debt falls from €81k to €34k.
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 117 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €109k ▲112%
Operating result €137k, net result €109k, both a record.
31-12
Financial
Equity above €200kEq €201k ▲52%
5 profitable years in a row build equity to €201k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼83.6%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Equity above €100kEq €104k ▲17.4%
2 profitable years in a row build equity to €104k.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Frans Vander Elststraat 41950 KraainemGround area
109 m²
Building footprint
66 m²
Volume, LiDAR
329 m³
Parcel 22002C0027/00B006, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
A.A. CONSTRUCT
since 20212.342.538.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0027/00B006 | Flanders | 109 m² | 1 · 66 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ROPIVER
BE 0699.918.742
Geraardsbergen · Eq €192,832
Bouwbedrijf Robrecht Blomme
BE 1014.502.016
Lichtervelde · Eq €192,805
VECOE
BE 0667.516.782
Ternat · Eq €192,929
BOUWWERKEN VAN DORPE
BE 0456.633.537
Wingene · Eq €192,764
RAS
BE 0844.891.576
Hasselt · Eq €192,724
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
42110Construction of roads and motorways
42120Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.