A&P Construct+

Active

Private limited companyfounded 20169 yrs activeSint-Elooisdreef(Kor) 32, 8500 Kortrijk, BelgiumKBO/BCE: BE 0665.802.258

The computed 12-month bankruptcy probability of A&P Construct+ is 1.8% (moderate). For A&P Construct+, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €32k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 9009 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Filing: At least two filing cycles are missing

Axes, FY 2023 · tick = 2022

Profitability10▼-90

Solvency69▼-3

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2023

Solvency, return and age of the figures

Solvency

44.5%

Return on assets

-7.2%

Age of the figures

33 mo

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 →

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 7 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline19-09-2026 today

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

68 d late

2022

5 d early

2021

39 d early

2020

37 d early

2019

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity

€32k▼ 13.9%

2022 · €37k

2018: €4k 2019: €3k 2020: €145 2021: €14k 2022: €37k

2018 → 2023

Total assets

€72k▼ 9.2%

2022 · €79k

2018: €5k 2019: €3k 2020: €145 2021: €34k 2022: €79k

2018 → 2023

Net result

€-5k

2022 · €23k

2018: €-4k 2019: €-864 2020: €-3k 2021: €17k 2022: €23k

2018 → 2023

Working capital

€39k▲ 43.2%

2022 · €27k

2018: €4k 2021: €2k 2022: €27k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€3k-€145▼ 95.2%€14k▲ 9,403%€37k▲ 168%€32k▼ 13.9%

Operating result€-562-€-3k▼ 354%€19k€30k▲ 62.5%€-4k

Net result€-864-€-3k▼ 235%€17k€23k▲ 32.9%€-5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €4k after €30k in 2022, the lowest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €72k

94.7%

Fixed assets €4k▼ 62.5%

Current assets €68k▼ 1.3%

Equity and liabilities €72k

44.5%

55.5%

Equity €32k▼ 13.9%

Debt €40k▼ 5.1%

The debt ratio rises from 53.1% to 55.5%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-3k▼

2022 · €33k

Cash flow

€-4k▼

2022 · €26k

Solvency

44.5%▼

2022 · 46.9%

Current ratio

2.37▲

2022 · 1.66

Quick ratio

2.37▲

2022 · 1.66

Debt / equity

1.25▲

2022 · 1.13

ROE

-16.2%▼

2022 · 62.7%

ROA

-7.2%▼

2022 · 29.4%

Interest coverage

-2.25▼

2022 · 22.77

Debt

€40k▼

2022 · €42k

Debt ≤ 1 year

€29k▼

2022 · €41k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€79k€72k▼

Fixed assets21/28€10k€4k▼

Tangible fixed assets22/27€10k€4k▼

Plant, machinery and equipment23€5k€4k▼

Furniture and vehicles24€5k-

Current assets29/58€69k€68k▼

Amounts receivable within one year40/41€23k€54k▲

Trade receivables40€13k€54k▲

Other amounts receivable41€10k-

Cash at bank and in hand54/58€43k€8k▼

Deferred charges and accrued income490/1€3k€6k▲

Equity and liabilities

Total equity and liabilities10/49€79k€72k▼

Equity10/15€37k€32k▼

Contributions10/11€19k€19k=

Reserves13-€13k

Distributable reserves133-€13k

Profit (loss) carried forward14€18k-

Amounts payable17/49€42k€40k▼

Amounts payable within one year42/48€41k€29k▼

Trade debts44€16k€12k▼

Suppliers440/4€16k€12k▼

Advances received on contracts in progress46€1k-

Taxes, remuneration and social security45€11k€2k▼

Taxes450/3€11k€2k▼

Other amounts payable47/48€14k€15k▲

Accrued charges and deferred income492/3€518€11k▲

Income statement Code20222023

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼

Other operating charges640/8€721€5k▲

Gross operating margin9900€34k€3k▼

Operating profit (loss)9901€30k€-4k▼

Financial income75/76B€58€152▲

Recurring financial income75€58€152▲

Financial charges65/66B€1k€1k▼

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€29k€-5k▼

Income taxes67/77€6k-

Profit (loss) for the period9904€23k€-5k▼

Profit (loss) for the period to be appropriated9905€23k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€18k€13k▼

Profit (loss) brought forward from the previous period14P€-5k€18k▲

Transfer to equity691/2-€13k

To other reserves6921-€13k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

31-12

Financial Weakest financial yearnet €-5k ▼122%

Net result drops to €-5k, the lowest in the series.

26-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2018net €23k ▲32.9%

Operating result €30k, net result €23k, both a record.

22-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €17k

Net result €17k after 3 loss-making years.

24-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

23-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

24-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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