Debts
Of this, €41,528 falls due within a year.
Of this, €41,528 falls due within a year.
Less equity than 84% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 43, micro). It does better than 16% of them on solvency, 11% on liquidity, 35% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,274 companies had the same profile as A.E.G. Construct has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A.E.G. Construct itself: 2.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for A.E.G. Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 4 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| A.E.G. Construct Asse | €64,743 | €13,865 | 13.5% | - |
| ACF PROJECT Asse | €60,942 | €13,023 | 21.5% | - |
| MCB RENOVATION Sint-Pieters-Leeuw | €64,118 | €11,858 | 53.9% | - |
| WSP CONSTRUCT Grimbergen | €61,291 | €16,446 | 69.4% | - |
| H+ Projects Kortenaken | €51,948 | €14,844 | 68.9% | - |
| IB CONSTRUCT Sint-Pieters-Leeuw | €54,632 | €16,478 | 46.2% | - |
| DANSICONS Asse | €78,092 | €15,666 | 73.7% | - |
These companies have the same main activity as A.E.G. Construct: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €51,900 and €78,100, founded between 2020 and 2022.
The computed 12-month bankruptcy probability of A.E.G. Construct is 2.9% (moderate). The 2025 annual accounts show equity of €8,746 and a net result of €20.
Its solvency ranks better than 17% of 35,125 sector peers (NACE 43, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €99,000 and €350,000.
Higher than 17% of 35,125 companies in 2025.
Higher than 22% of 34,499 companies in 2025.
Higher than 24% of 34,700 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
64,743 | 103,250 | |
21/28 |
21,858 | 31,755 | |
22/27 |
21,858 | 31,755 | |
23 |
1,837 | 2,938 | |
24 |
20,022 | 28,817 | |
29/58 |
42,884 | 71,495 | |
40/41 |
41,231 | 71,495 | |
40 |
30,653 | 43,873 | |
41 |
10,578 | 27,622 | |
54/58 |
1,653 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
64,743 | 103,250 | |
10/15 |
8,746 | 8,726 | |
10/11 |
1,000 | 1,000 | |
14 |
7,746 | 7,726 | |
17/49 |
55,997 | 94,524 | |
17 |
14,469 | 19,976 | |
170/4 |
14,469 | 19,976 | |
42/48 |
41,528 | 74,548 | |
43 |
8,759 | 2,942 | |
430/8 |
8,759 | 2,942 | |
44 |
31,653 | 71,470 | |
440/4 |
31,653 | 71,470 | |
45 |
1,115 | 137 | |
450/3 |
1,115 | 137 | |
| Income statement | |||
9900 |
13,865 | 26,999 | |
630 |
9,897 | 8,130 | |
640/8 |
1,897 | 3,305 | |
66A |
- | 6,240 | |
9901 |
2,071 | 9,325 | |
65/66B |
1,073 | 2,296 | |
65 |
1,073 | 2,296 | |
9903 |
999 | 7,028 | |
67/77 |
979 | 137 | |
9904 |
20 | 6,891 | |
9905 |
20 | 6,891 | |
| Appropriation of the result | |||
9906 |
7,746 | 7,726 | |
14P |
7,726 | 834 | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 11,968 | 17,454 | ||
| 9,917 | 15,021 | ||
| 0 | 51,310 | ||
| 1,357 | -3,053 | ||
| 13.5% | 8.5% | ||
| 1.03 | 0.96 | ||
| 6.40 | 10.83 | ||
| 0.2% | 79.0% | ||
| 0.0% | 6.7% | ||
| 11.16 | 7.60 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €51,310 |
| €9,897 | €8,130 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 78% lower than in 2024.
Debt's share of the balance-sheet total falls from 91.5% to 86.5%. Equity is higher and debt is lower.
A.E.G. Construct has no parent and no holdings in its annual accounts. FETAHU Arif is the only director. A.E.G. Construct shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Nieuwstraat 118 registered office 1730 Asse | ||
| AEG CONSTRUCT Rue En Bois 2, 4040 Herstal | 06-12-2021 | 2.324.636.177 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23002F0049/00Z005 | Flanders | 1.1 ha | 1 · 2,214 m² | 14.5 m · 2 |
| 62051C0274/00X000 | Wallonia | 702 m² | 1 · 114 m² | 18.1 m · 6 |
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. Use the enterprise number 0775.748.986
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