A C H CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of A C H CONSTRUCT is 3.8% (moderate). The annual accounts of A C H CONSTRUCT for financial year 2025 show a net loss of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €1.3m and a net result of -€2.5m. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 17% of 1,017 sector peers (NACE 41, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 56.7 FTE
- Equity
- €1.3m
- Loss
- -€2.5m
- Parent
- A.C.H. BUILD · 99.77%
- Jean-Pierre DHERTEDirector
- SHURBANDirector · permanent representative Odile DHERTE
Why 47raises riskLoss of €2.5m (financial year 2025)Liquidity: current ratio 1.10, cash €336,152Equity €1.3m (10.2% of total assets)Latest accounts 55 days late; 1 of the last 3 lateShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, medium-sized): better than 24% on solvency, 15% on liquidity, 1% on profitability and 9% on growth.
The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Reappointments: Willy Gillisjans, Jean-Pierre DHERTE and…Power of attorney
- Weakest financial yearnet -€2.5m
Financials · financial year 2025, full format
2025 annual accounts filed late (55 days) Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00525242.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €2.4m after €176,056 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,608 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 88.7% are still going.
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
- without size
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,608 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.2m | €14.4m | €24.2m | €34.1m | €27.7m | ▼ 18.8% |
| Turnover70 | €19.3m | €8.5m | €17.2m | €33.4m | €44.7m | €13.9m | €33.8m | €27.4m | ▼ 18.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€20.6m | -€30.5m | €10.2m | €0 | €0 | - |
| Other operating income74 | - | - | - | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 6.4% |
| Non-recurring operating income76A | - | - | - | €0.06m | - | - | - | - | - |
| Operating charges60/66A | - | - | - | €13.0m | €14.1m | €23.9m | €33.9m | €30.0m | ▼ 11.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €9.2m | €10.3m | €18.4m | €27.6m | €24.1m | ▼ 12.5% |
| Purchases600/8 | - | - | - | €9.2m | €10.5m | €18.3m | €27.5m | €24.9m | ▼ 9.4% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.02m | -€0.2m | €0.05m | €0.1m | -€0.8m | - |
| Services and other goods61 | - | - | - | €1.2m | €1.1m | €1.8m | €1.7m | €1.5m | ▼ 11.8% |
| Remuneration, social security and pensions62 | - | - | - | €2.5m | €2.6m | €3.7m | €4.4m | €4.4m | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.008m | €0.006m | €0.004m | €0.002m | €0.001m | ▼ 76.2% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 15.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.2m | - | - |
| Operating profit (loss)9901 | €0.4m | -€0.1m | -€0.3m | €0.2m | €0.3m | €0.3m | €0.2m | -€2.4m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.01m | €0.03m | €0.06m | €0.008m | ▼ 85.9% |
| Recurring financial income75 | €0.006m | €0.008m | €0.01m | €0.01m | €0.01m | €0.03m | €0.06m | €0.008m | ▼ 85.9% |
| Income from current assets751 | - | - | - | €0.008m | €0.008m | €0.03m | €0.05m | €0.007m | ▼ 85.8% |
| Other financial income752/9 | - | - | - | €0.004m | €0.005m | €0.004m | €0.01m | €0.001m | ▼ 86.2% |
| Financial charges65/66B | - | - | - | €0.05m | €0.06m | €0.1m | €0.1m | €0.09m | ▼ 24.1% |
| Recurring financial charges65 | €0.05m | €0.06m | €0.04m | €0.05m | €0.06m | €0.1m | €0.1m | €0.09m | ▼ 24.1% |
| Debt charges650 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.1m | €0.1m | €0.08m | ▼ 27.9% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.02m | €0.01m | €0.007m | €0.01m | ▲ 35.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €0.3m | -€0.2m | -€0.4m | €0.1m | €0.3m | €0.2m | €0.1m | -€2.5m | - |
| Income taxes67/77 | €0.004m | €0.005m | €0.004m | €0.005m | €0.2m | €0.005m | €0.006m | €0.007m | ▲ 17.0% |
| Taxes670/3 | - | - | - | €0.005m | €0.2m | €0.005m | €0.006m | €0.007m | ▲ 17.0% |
| Profit (loss) for the period9904 | €0.3m | -€0.2m | -€0.4m | €0.1m | €0.1m | €0.2m | €0.1m | -€2.5m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | -€0.2m | -€0.4m | €0.1m | €0.1m | €0.2m | €0.1m | -€2.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12.3m | €13.0m | €12.8m | €9.5m | €8.9m | €11.7m | €14.5m | €12.2m | ▼ 15.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €2.1m | €2.1m | €2.2m | €2.2m | €2.2m | €2.3m | €2.2m | €2.2m | = |
| Intangible fixed assets21 | - | - | - | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.02m | €0.01m | €0.006m | €0.003m | €0.001m | €0 | ▼ 100.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.006m | €0.003m | €0.001m | €0 | ▼ 100.0% |
| Leasing and similar rights25 | - | - | - | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €2.1m | €2.1m | €2.1m | €2.2m | €2.2m | €2.3m | €2.2m | €2.2m | = |
| Affiliated companies280/1 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Amounts receivable281 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Other financial fixed assets284/8 | - | - | - | €0.5m | €0.5m | €0.6m | €0.5m | €0.5m | ▲ 0.1% |
| Shares284 | - | - | - | €0.04m | €0.04m | €0.05m | €0.05m | €0.05m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 0.1% |
| Current assets29/58 | €10.2m | €10.9m | €10.6m | €7.3m | €6.7m | €9.4m | €12.2m | €10.0m | ▼ 18.2% |
| Stocks and contracts in progress3 | €0.3m | €0.5m | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | €1.4m | ▲ 258% |
| Stocks30/36 | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €1.4m | ▲ 258% |
| Raw materials and consumables30/31 | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €1.1m | ▲ 210% |
| Property held for sale35 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.3m | ▲ 1,046% |
| Contracts in progress37 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €9.2m | €9.6m | €9.8m | €5.9m | €5.9m | €7.5m | €11.3m | €8.3m | ▼ 26.4% |
| Trade receivables40 | - | - | - | €4.9m | €4.2m | €5.8m | €9.8m | €7.3m | ▼ 25.5% |
| Other amounts receivable41 | - | - | - | €0.9m | €1.7m | €1.6m | €1.5m | €1.0m | ▼ 32.2% |
| Current investments50/53 | - | - | - | - | - | €1.0m | - | - | - |
| Other investments51/53 | - | - | - | - | - | €1.0m | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.4m | €1.1m | €0.3m | €0.4m | €0.6m | €0.3m | ▼ 42.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.006m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12.3m | €13.0m | €12.8m | €9.5m | €8.9m | €11.7m | €14.5m | €12.2m | ▼ 15.4% |
| Equity10/15 | €3.7m | €3.5m | €3.1m | €3.3m | €3.4m | €3.6m | €3.7m | €1.3m | ▼ 66.3% |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Issued capital100 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Contributions outside capital11 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Share premium1100/10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves not available under the articles1311 | - | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Other1319 | - | - | - | €0.5m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.8m | -€1.0m | -€1.4m | -€1.3m | -€1.2m | -€0.9m | -€0.8m | -€3.3m | ▼ 301% |
| Amounts payable17/49 | €8.6m | €9.5m | €9.6m | €6.2m | €5.5m | €8.1m | €10.7m | €11.0m | ▲ 2.3% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €2.1m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Financial debts170/4 | - | - | - | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Subordinated loans170 | - | - | - | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Credit institutions173 | - | - | - | €0.2m | €0.09m | - | - | - | - |
| Amounts payable within one year42/48 | €8.2m | €9.1m | €7.5m | €4.2m | €3.6m | €6.2m | €8.9m | €9.1m | ▲ 2.8% |
| Financial debts43 | - | - | - | - | €0.3m | - | - | €2.0m | - |
| Credit institutions430/8 | - | - | - | - | €0.3m | - | - | €2.0m | - |
| Trade debts44 | €6.4m | €7.3m | €5.3m | €3.7m | €2.7m | €5.4m | €8.2m | €6.5m | ▼ 21.6% |
| Suppliers440/4 | - | - | - | €3.7m | €2.7m | €5.4m | €8.2m | €6.5m | ▼ 21.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.5m | €0.8m | €0.6m | €0.7m | ▲ 12.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.07m | €0.09m | €0.1m | €0.2m | ▲ 146% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.5m | €0.7m | €0.5m | €0.5m | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.009m | €0.008m | €0.01m | €0.007m | ▼ 30.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | -€0.2m | -€0.4m | €0.1m | €0.1m | €0.2m | €0.1m | -€2.5m | - |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.01m | €0.008m | €0.006m | €0.004m | €0.002m | €0.001m | ▼ 76.2% |
| Operating cash flow (approximation) | €0.3m | -€0.2m | -€0.4m | €0.1m | €0.1m | €0.2m | €0.1m | -€2.5m | - |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.04m | -€0.02m | -€0.04m | -€0.08m | €0.04m | -€0.001m | - |
| Change in cash | - | €0.09m | -€0.01m | €0.7m | -€0.8m | €0.2m | €0.1m | -€0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-09-2026 | 2026-00525242 |
| 31-12-2024 | full format | 13-08-2025 | 2025-00387013 |
| 31-12-2023 | full format | 15-07-2024 | 2024-00260149 |
| 31-12-2022 | full format | 06-07-2023 | 2023-00233414 |
| 31-12-2021 | full format | 30-06-2022 | 2022-20121178 |
| 31-12-2020 | full format | 09-07-2021 | 2021-34300466 |
| 31-12-2019 | full format | 29-09-2020 | 2020-56600434 |
| 31-12-2018 | full format | 28-08-2019 | 2019-53000562 |
| 31-12-2017 | full format | 21-08-2018 | 2018-47500128 |
| 31-12-2016 | full format | 29-06-2017 | 2017-25400106 |
Similar companies · same sector, comparable size
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Board 2
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Pierre DHERTE |
|
| SHURBAN |
|
| Willy Gillisjans |
|
Owners and capital
Owners
1 ownerChain of control
- A.C.H. BUILD
- A C H CONSTRUCT
Highest known parent: A.C.H. BUILD. The sources do not say who stands above it.
Owners 1
- A.C.H. BUILDparent99.77%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
05-05
Gazette deed
Reappointments: Willy Gillisjans, Jean-Pierre DHERTE and SHURBAN srlPower of attorney9 facts ▸
- Power of attorney, Arnaud Houet
- Board composition, Jean-Pierre DHERTE (président du conseil et administrateur)
- Auditor reappointment, Willy Gillisjans (commissaire aux comptes)
- Director reappointment, Jean-Pierre DHERTE (administrateur et président du conseil)
- Director reappointment, SHURBAN srl (director)
- Board composition, E.L.C.M. bvba (director and managing director)
- Board composition, JADHER s.a. (director)
- Board composition, ALTHAEA DEVELOPMENT s.a. (director)
- Board composition, SHURBAN srl (director)
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 15 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0472.552.425
Recognitions · licences · registrations
Recognised contractor
7 categories- D General building contractsclass 8, no upper limit
- D1 All shell construction and roofing-in of buildingsclass 8, no upper limit
- D21 Cleaning and restoring facadesclass 8, no upper limit
- D24 Restoration of monumentsclass 8, no upper limit
- E General civil engineering contractsclass 8, no upper limit
- E1 Trunk sewersclass 8, no upper limit
- G General earthworks contractsclass 5, up to €2,172,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52024B0182/00S002 | Wallonia | 2.2 ha | 1 · 193 m² | - |