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A&P Construct+

Active
Private limited companyfounded 2016active for 9 yearsSint-Elooisdreef(Kor) 32, 8500 Kortrijk, BelgiumKBO/BCE: BE 0665.802.258
Summary

The computed 12-month bankruptcy probability of A&P Construct+ is 10.1% (high). For A&P Construct+, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €31,884 and a net result of -€5,168. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 8,816 sector peers (NACE 41, financial year 2023). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€71,725total assets 2023
Equity
€31,884
Loss
-€5,168
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
10.1%
2023 figures too old to score
Structure
Accounts 449 days overdue1 of 5 deeds read
Signalsraises riskFigures for financial year 2023 (filed 11-10-2024)2 financial years not filed after the legal deadline; latest accounts 68 days late; 1 of the last 3 lateSize: total assets €71,725No filing in 24 months (latest 11-10-2024)Two or more financial years not filedneutralA punctual record breaksShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 69-3
equity 44.5% of total assets
Liquidity 45-28
short-term debt 40.0% · cash 10.8%
Profitability 10-90
return on assets -7.2%
Bankruptcy probability, 12 months
10.1% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,431 companies, NACE 41, micro)
Last 24 months 11-2024: 2.7% 12-2024: 2.7%● unchanged vs 11-2024 01-2025: 2.4%▼ -0.3 percentage points vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.4%● unchanged vs 02-2025 04-2025: 2.2%▼ -0.2 percentage points vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025lowest value 07-2025: 2.3%▲ +0.1 percentage points vs 06-2025 08-2025: 2.9%▲ +0.6 percentage points vs 07-2025 09-2025: 3.2%▲ +0.3 percentage points vs 08-2025 10-2025: 5.1%▲ +1.9 percentage points vs 09-2025 11-2025: 5.2%▲ +0.1 percentage points vs 10-2025 12-2025: 5.9%▲ +0.7 percentage points vs 11-2025 01-2026: 7.9%▲ +2.0 percentage points vs 12-2025 02-2026: 7.9%● unchanged vs 01-2026 03-2026: 8.0%▲ +0.1 percentage points vs 02-2026 04-2026: 7.4%▼ -0.6 percentage points vs 03-2026 05-2026: 7.4%● unchanged vs 04-2026 06-2026: 7.3%▼ -0.1 percentage points vs 05-2026 07-2026: 7.3%● unchanged vs 06-2026 08-2026: 9.2%▲ +1.9 percentage points vs 07-2026 09-2026: 9.2%● unchanged vs 08-2026 10-2026: 10.1%▲ +0.9 percentage points vs 09-2026highest value
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Signals

Six signals.
raises riskneutral
raises risk · Figures for financial year 2023 (filed 11-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; latest accounts 68 days late; 1 of the last 3 late
NBB · filings
raises risk · Size: total assets €71,725
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · No filing in 24 months (latest 11-10-2024)
NBB · filings
raises risk · 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 year end31-07-2025 deadline23-10-2026 today
neutral · 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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
68 days late
2022
5 days early
2021
39 days early
2020
37 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 9 days before 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: CARAULAN Aliona (director)Appointment: LUPASCO Petru (director)
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Weakest financial yearnet -€5,168

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 23 October 2026.

Equity
€31,884▼ 13.9%
2022 · €37,052
Total assets
€71,725▼ 9.2%
2022 · €79,014
Net result
-€5,168
2022 · €23,228
Working capital
€39,193▲ 43.2%
2022 · €27,372
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result turns negative in 2023: a loss of €4,065 after €30,344 in 2022, 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.

Operating result-€4,065 2023 Net result-€5,168 2023

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).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result-€4,091--€562▲ 86.3%-€2,552▼ 354%€18,668€30,344▲ 62.5%-€4,065
Net result-€4,329--€864▲ 80.0%-€2,891below the sector's middle half▼ 235%€17,478within the sector's middle half€23,228within the sector's middle half▲ 32.9%-€5,168below the sector's middle half
Equity€3,900-€3,036▼ 22.2%€145below the sector's middle half▼ 95.2%€13,824within the sector's middle half▲ 9,403%€37,052within the sector's middle half▲ 168%€31,884within the sector's middle half▼ 13.9%
Total assets€4,712-€3,036▼ 35.6%€145below the sector's middle half▼ 95.2%€33,816below the sector's middle half▲ 23,146%€79,014within the sector's middle half▲ 134%€71,725within the sector's middle half▼ 9.2%
Debt€812-€19,992€41,962▲ 110%€39,842▼ 5.1%
Working capital€3,900-€1,940within the sector's middle half€27,372within the sector's middle half▲ 1,311%€39,193within the sector's middle half▲ 43.2%
Solvency40.9%within the sector's middle half46.9%within the sector's middle half▲ 6.0pp44.5%within the sector's middle half▼ 2.4pp
Current ratio1.10within the sector's middle half1.66within the sector's middle half▲ 0.562.37within the sector's middle half▲ 0.70
Return on assets (ROA)51.7%above the sector's middle half29.4%above the sector's middle half▼ 22.3pp-7.2%below the sector's middle half▼ 36.6pp
above within below 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €71,725
Fixed assets €3,824 ▼ 62.5%
Current assets €67,902 ▼ 1.3%
Equity and liabilities €71,725
Equity €31,884 ▼ 13.9%
Debt €39,842 ▼ 5.1%
Debt's share of the balance-sheet total rises from 53.1% to 55.5%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€2,823▼
2022 · €32,900
Cash flow
-€3,927▼
2022 · €25,784
Debt to equity
1.25▲
2022 · 1.13
ROE
-16.2%▼
2022 · 62.7%
Interest coverage
-2.25▼
2022 · 22.77
Debt ≤ 1 year
€28,709▼
2022 · €41,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet Code20222023
Assets
Total assets20/58€79,014€71,725▼
Fixed assets21/28€10,198€3,824▼
Tangible fixed assets22/27€10,198€3,824▼
Plant, machinery and equipment23€5,065€3,824▼
Furniture and vehicles24€5,134-
Current assets29/58€68,816€67,902▼
Amounts receivable within one year40/41€23,183€53,899▲
Trade receivables40€12,890€53,899▲
Other amounts receivable41€10,293-
Cash at bank and in hand54/58€42,991€7,770▼
Deferred charges and accrued income490/1€2,642€6,234▲
Equity and liabilities
Total equity and liabilities10/49€79,014€71,725▼
Equity10/15€37,052€31,884▼
Contributions10/11€18,600€18,600=
Reserves13-€13,284
Distributable reserves133-€13,284
Profit (loss) carried forward14€18,452-
Amounts payable17/49€41,962€39,842▼
Amounts payable within one year42/48€41,444€28,709▼
Trade debts44€15,507€11,913▼
Suppliers440/4€15,507€11,913▼
Advances received on contracts in progress46€1,243-
Taxes, remuneration and social security45€11,048€1,505▼
Taxes450/3€11,048€1,505▼
Other amounts payable47/48€13,646€15,291▲
Accrued charges and deferred income492/3€518€11,133▲
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,556€1,241▼
Other operating charges640/8€721€5,497▲
Gross operating margin9900€33,621€2,673▼
Operating profit (loss)9901€30,344-€4,065▼
Financial income75/76B€58€152▲
Recurring financial income75€58€152▲
Financial charges65/66B€1,445€1,256▼
Recurring financial charges65€1,445€1,256▼
Profit (loss) for the period before taxes9903€28,958-€5,168▼
Income taxes67/77€5,729-
Profit (loss) for the period9904€23,228-€5,168▼
Profit (loss) for the period to be appropriated9905€23,228-€5,168▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,452€13,284▼
Profit (loss) brought forward from the previous period14P-€4,776€18,452▲
Transfer to equity691/2-€13,284
To other reserves6921-€13,284

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

Line201820192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€1,630€2,556€1,241▼ 51.4%
Other operating charges640/8---€416€721€5,497▲ 662%
Gross operating margin9900-€3,986-€455-€2,443€20,714€33,621€2,673▼ 92.0%
Operating profit (loss)9901-€4,091-€562-€2,552€18,668€30,344-€4,065-
Financial income75/76B---€7€58€152▲ 162%
Recurring financial income75€17--€7€58€152▲ 162%
Financial charges65/66B---€113€1,445€1,256▼ 13.1%
Recurring financial charges65€255€303€339€113€1,445€1,256▼ 13.1%
Profit (loss) for the period before taxes9903-€4,329-€864-€2,891€18,562€28,958-€5,168-
Income taxes67/77---€1,083€5,729--
Profit (loss) for the period9904-€4,329-€864-€2,891€17,478€23,228-€5,168-
Profit (loss) for the period to be appropriated9905-€4,329-€864-€2,891€17,478€23,228-€5,168-
Line201820192020202120222023Change
Assets
Total assets20/58€4,712€3,036€145€33,816€79,014€71,725▼ 9.2%
Fixed assets21/28---€11,883€10,198€3,824▼ 62.5%
Tangible fixed assets22/27---€11,883€10,198€3,824▼ 62.5%
Plant, machinery and equipment23---€5,263€5,065€3,824▼ 24.5%
Furniture and vehicles24---€6,620€5,134--
Current assets29/58€4,712€3,036€145€21,932€68,816€67,902▼ 1.3%
Amounts receivable within one year40/41€4,478€2,537-€10,668€23,183€53,899▲ 132%
Trade receivables40---€3,377€12,890€53,899▲ 318%
Other amounts receivable41---€7,292€10,293--
Cash at bank and in hand54/58€235€499€145€10,910€42,991€7,770▼ 81.9%
Deferred charges and accrued income490/1---€354€2,642€6,234▲ 136%
Equity and liabilities
Total equity and liabilities10/49€4,712€3,036€145€33,816€79,014€71,725▼ 9.2%
Equity10/15€3,900€3,036€145€13,824€37,052€31,884▼ 13.9%
Contributions10/11€12,400€12,400€12,400€18,600€18,600€18,600=
Reserves13-----€13,284-
Distributable reserves133-----€13,284-
Profit (loss) carried forward14-€8,500-€9,364-€12,255-€4,776€18,452--
Amounts payable17/49€812--€19,992€41,962€39,842▼ 5.1%
Amounts payable within one year42/48€812--€19,992€41,444€28,709▼ 30.7%
Trade debts44---€3,087€15,507€11,913▼ 23.2%
Suppliers440/4---€3,087€15,507€11,913▼ 23.2%
Advances received on contracts in progress46---€1,243€1,243--
Taxes, remuneration and social security45---€31€11,048€1,505▼ 86.4%
Taxes450/3---€31€11,048€1,505▼ 86.4%
Other amounts payable47/48---€15,631€13,646€15,291▲ 12.1%
Accrued charges and deferred income492/3----€518€11,133▲ 2,049%
Line201820192020202120222023Change
Profit (loss) for the period9904-€4,329-€864-€2,891€17,478€23,228-€5,168-
+ Depreciation and write-downs630---€1,630€2,556€1,241▼ 51.4%
Operating cash flow (approximation)-€4,329-€864-€2,891€19,108€25,784-€3,927-
Investment in fixed assets (approximation)-----€871€5,134-
Change in cash-€264-€353€10,765€32,081-€35,221-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2023 micro format 07-10-2024 2024-00504254
31-12-2022 micro format 26-07-2023 2023-00270254
31-12-2021 micro format 22-06-2022 2022-20083998
31-12-2020 micro format 24-06-2021 2021-23700454
31-12-2019 micro format 29-06-2020 2020-22000349
31-12-2018 micro format 23-07-2019 2019-36900535
31-12-2017 micro format 24-07-2018 2018-36800150

Similar companies · same sector, comparable size

Of the 29,234 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,161. 12,657 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2024
LUPASCO Petru
Director · since 16-02-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2024, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
LUPASCO Petru
  • Director, from 16-02-2024 to date
CARAULAN Aliona
  • Director, until 25-10-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 7 November 2016, A&P Construct+ was incorporated.1 Total assets went from €4,712 in 2018 to €71,725 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2023

Acts, filings and financial milestones

2024
25-10
Gazette deed Resignation: CARAULAN Aliona (director)
Appointment: LUPASCO Petru (director)3 facts ▸
  • General meeting, 16-02-2024
  • Director resignation, CARAULAN Aliona (director)
  • Director appointment, LUPASCO Petru (director)
07-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 68 days late
2023
31-12
Financial Weakest financial yearnet -€5,168
Net result drops to -€5,168, the lowest in the series.
26-07
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial Highest result from 2018 to 2023net €23,228 ▲32.9%
Operating result €30,344, net result €23,228, both a record.
22-06
NBB filing Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial Back to profitnet €17,478
Net result €17,478 after 3 loss-making years.
24-06
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
29-06
NBB filing Annual accounts filed
financial year 2019 · micro format
2019
23-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
24-07
NBB filing Annual accounts filed
financial year 2017 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded07-11-2016
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002General construction of office buildings
43110Demolition
43320Joinery installation
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0665802258
Also 9925:BE0665802258
Registered 30-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 23 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 0665.802.258

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2016
registered office establishment The establishment unit on the map
Ground area
795 m²
Building footprint
215 m²
Building volume
1,200 m³
Parcel 34352A0269/00S003, Flanders · tallest building 9.9 m. Linked by address, not a title deed.
1 establishment unit
A&P Construct+
Sint-Elooisdreef(Kor) 32, 8500 KortrijkGeneral construction of residential buildings
since 2016unit no. 2.265.224.469
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34352A0269/00S003 Flanders 795 m² 1 · 214 m² 9.9 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.