A & Y CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of A & Y CONSTRUCT is 4.8% (elevated). The 2024 annual accounts show equity of €32,975 and a net result of -€6,761. Equity has been growing by about 5.1% per year since 2018. Its solvency ranks better than 17% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-05-2014 Normal situation
- Activity
- Site preparation NACE 43120and 1 other
- Joint committee
- 140.03 Paritair Subcomité voor het wegvervoer en de logistiek voor rekening van derden · annual accounts 2023
- Establishment unit
- 2.231.037.315 9080 Lochristi, since 19-05-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Board and ownership
- ÇAL AlptekinDirector
- Cal Alptekin0%annual accounts 2017
- Yuksel Timmerman0%annual accounts 2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.8%
- Gross margin
- €170,173
- ▼ 25.0%
- Turnover
- ≈ €550,000
- estimated
- Loss
- €6,761
- ▼ 49.2%
- Equity
- €32,975
- ▼ 17.0%
- Total assets
- €222,755
- ▼ 19.8%
- Employees on 31-12-2024
- 2
- ▼ 60.0%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 15-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 71 days late; 2 of the last 3 accounts lateLiquidity: current ratio 0.86, cash €875, halvedlowers riskSize: total assets €222,755Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 17% of them on solvency, 8% on liquidity, 31% on profitability and 20% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 6 accounts on average 119 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.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 10-10-2025 PDF all 10 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a loss of €3,116, smaller than the loss of €10,269 in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 4 | 5 | 2 |
| full-time | 4 | 5 | 2 |
| in full-time equivalents | 4 | 5 | 2 |
| Average over the year, in full-time equivalents | 2.5 | 4.4 | 2.9 |
| On a permanent contract | 4 | 5 | 2 |
| Joined | 5 | 5 | 6 |
| Left | 3 | 4 | 9 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,918 | €41,700 | €78,338 | €21,658 | €4,703 |
| Financial fixed assets | - | - | €5,000 | - | €135 |
| Depreciation and write-downs of the year | €16,905 | €11,875 | €20,385 | €26,819 | €27,945 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9,523 | €99,217 | €206,252 | €129,846 | ▼ 37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,250 | €11,000 | €16,905 | €11,875 | €20,385 | €26,819 | €27,945 | ▲ 4.2% |
| Other operating charges640/8 | - | - | €767 | €7,468 | €1,546 | €3,973 | €15,498 | ▲ 290% |
| Gross operating margin9900 | €13,682 | €25,168 | €26,272 | €37,163 | €129,545 | €226,775 | €170,173 | ▼ 25.0% |
| Operating profit (loss)9901 | €11,506 | €9,523 | €8,600 | €8,298 | €8,397 | -€10,269 | -€3,116 | ▲ 69.7% |
| Financial income75/76B | - | - | - | €344 | - | €1 | €9 | ▲ 735% |
| Recurring financial income75 | - | €2 | - | €344 | - | €1 | €9 | ▲ 735% |
| Financial charges65/66B | - | - | €2,748 | €2,237 | €4,076 | €3,036 | €3,425 | ▲ 12.8% |
| Recurring financial charges65 | €610 | €1,477 | €2,748 | €2,237 | €4,076 | €3,036 | €3,425 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €10,897 | €8,048 | €5,853 | €6,405 | €4,321 | -€13,304 | -€6,532 | ▲ 50.9% |
| Income taxes67/77 | €2,461 | €2,043 | €2,350 | €2,366 | €1,114 | - | €229 | - |
| Profit (loss) for the period9904 | €8,436 | €6,005 | €3,502 | €4,039 | €3,207 | -€13,304 | -€6,761 | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €8,436 | €6,005 | €3,502 | €4,039 | €3,207 | -€13,304 | -€6,761 | ▲ 49.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €62,010 | €95,379 | €173,438 | €208,604 | €291,387 | €277,730 | €222,755 | ▼ 19.8% |
| Fixed assets21/28 | €10,250 | €38,400 | €61,414 | €58,475 | €118,990 | €113,828 | €89,670 | ▼ 21.2% |
| Tangible fixed assets22/27 | €1,250 | €29,250 | €52,264 | €49,325 | €104,840 | €99,678 | €75,385 | ▼ 24.4% |
| Furniture and vehicles24 | - | - | €32,764 | - | €8,807 | €25,386 | €22,832 | ▼ 10.1% |
| Leasing and similar rights25 | - | - | €19,500 | €49,325 | €96,032 | €74,292 | €52,552 | ▼ 29.3% |
| Financial fixed assets28 | €9,000 | €9,150 | €9,150 | €9,150 | €14,150 | €14,150 | €14,285 | ▲ 1.0% |
| Current assets29/58 | €51,760 | €56,979 | €112,024 | €150,129 | €172,398 | €163,901 | €133,085 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €36,684 | €53,977 | €97,543 | €117,360 | €104,948 | €151,709 | €125,556 | ▼ 17.2% |
| Trade receivables40 | - | - | €96,537 | €109,888 | €103,872 | €150,923 | €114,910 | ▼ 23.9% |
| Other amounts receivable41 | - | - | €1,006 | €7,472 | €1,076 | €786 | €10,646 | ▲ 14× |
| Cash at bank and in hand54/58 | €15,075 | €3,002 | €14,481 | €26,097 | €24,765 | €5,854 | €875 | ▼ 85.0% |
| Deferred charges and accrued income490/1 | - | - | - | €6,672 | €42,685 | €6,338 | €6,653 | ▲ 5.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €62,010 | €95,379 | €173,438 | €208,604 | €291,387 | €277,730 | €222,755 | ▼ 19.8% |
| Equity10/15 | €30,956 | €38,211 | €41,713 | €45,752 | €53,039 | €39,736 | €32,975 | ▼ 17.0% |
| Contributions10/11 | €13,270 | €14,520 | €14,520 | €14,520 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €15,826 | €21,831 | €25,333 | €29,372 | €32,579 | €19,276 | €12,515 | ▼ 35.1% |
| Amounts payable17/49 | €31,054 | €57,168 | €131,725 | €162,852 | €238,348 | €237,994 | €189,780 | ▼ 20.3% |
| Amounts payable after more than one year17 | - | €18,704 | €35,654 | €41,181 | €66,711 | €45,680 | €34,554 | ▼ 24.4% |
| Financial debts170/4 | - | - | €35,654 | €41,181 | €66,711 | €45,680 | €34,554 | ▼ 24.4% |
| Amounts payable within one year42/48 | €31,054 | €38,464 | €96,070 | €121,671 | €171,637 | €192,314 | €155,074 | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | - | - | €23,726 | €27,996 | €28,098 | €20,892 | €11,127 | ▼ 46.7% |
| Trade debts44 | €7,855 | €14,854 | €18,568 | €30,461 | €29,438 | €39,106 | €77,161 | ▲ 97.3% |
| Suppliers440/4 | - | - | €18,568 | €30,461 | €29,438 | €39,106 | €77,161 | ▲ 97.3% |
| Advances received on contracts in progress46 | - | - | €49,375 | €51,686 | €51,686 | €87,428 | - | - |
| Taxes, remuneration and social security45 | - | - | €4,401 | €11,527 | €38,688 | €28,000 | €24,466 | ▼ 12.6% |
| Taxes450/3 | - | - | €4,401 | €7,813 | €19,040 | €1,475 | €7,919 | ▲ 437% |
| Remuneration and social security454/9 | - | - | - | €3,715 | €19,648 | €26,525 | €16,546 | ▼ 37.6% |
| Other amounts payable47/48 | - | - | - | - | €23,727 | €16,888 | €42,321 | ▲ 151% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €152 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,436 | €6,005 | €3,502 | €4,039 | €3,207 | -€13,304 | -€6,761 | ▲ 49.2% |
| + Depreciation and write-downs630 | €1,250 | €11,000 | €16,905 | €11,875 | €20,385 | €26,819 | €27,945 | ▲ 4.2% |
| Operating cash flow (approximation) | €9,686 | €17,005 | €20,407 | €15,914 | €23,592 | €13,516 | €21,184 | ▲ 56.7% |
| Investment in fixed assets (approximation) | - | -€39,150 | -€39,918 | -€8,936 | -€80,900 | -€21,658 | -€3,786 | ▲ 82.5% |
| Change in cash | - | -€12,073 | €11,479 | €11,616 | -€1,332 | -€18,911 | -€4,979 | ▲ 73.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,166 companies had the same profile as A & Y CONSTRUCT has now. Two years later, 2.5% had gone bankrupt and 94.1% were still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of A & Y CONSTRUCT itself is higher: 4.8% within 12 months. It rests on far more data about A & Y CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,166 companies, not a prediction for A & Y 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 10-10-2025 | 2025-00542215 | |
| 31-12-2023 | micro format | 16-08-2024 | 2024-00347475 | |
| 31-12-2022 | micro format | 06-09-2023 | 2023-00445405 | |
| 31-12-2021 | micro format | 04-11-2022 | 2022-20484533 | |
| 31-12-2020 | micro format | 04-11-2022 | 2022-20484532 | |
| 31-12-2019 | micro format | 03-09-2020 | 2020-51500170 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-42600482 | |
| 31-12-2017 | micro format | 10-09-2018 | 2018-62500231 | |
| 31-12-2016 | micro format | 21-09-2017 | 2017-62300260 | |
| 31-12-2015 | abbreviated format | 09-10-2016 | 2016-64900468 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Cal Alptekinnatural personSourceown accounts 20170%
- Yuksel Timmermannatural personSourceown accounts 20170%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ÇAL Alptekin |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste van overdrager en helft ten laste van koper(s) naar evenredigheid met verworven aantal…”
Articles of association, deed of 31-01-2024 (in Dutch)
Network & group
Connections & network
1 current directorThe network starts from the directors of A & Y CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-01
Gazette deed
Change of role: ÇAL Alptekin, from manager to directorAmendment of the articles · Capital conversion · Director discharge9 points ▸
- General meeting, “eenparigheid, geldig samengesteld en bevoegd om over onderwerpen van agenda te beraadslagen en te besluiten” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, Tweede beslissing” (deed in Dutch)
- Other provision, “zolang jaarrekening van dat boekjaar nog niet is goedgekeurd, opname mogelijkheid uitkering interimdividenden in statuten” (deed in Dutch)
- Director resignation, ÇAL Alptekin (manager)
- Director discharge, ÇAL Alptekin
- Director appointment, ÇAL Alptekin (director (not named in the articles))
- Power of attorney
- Other provision, “wijze van besluitvorming voorgaande beslissingen” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
55 activities
- Algemene bouwwerkzaamheden
- Slopen
- Bouwrijp maken van terreinen
- Bouwen van bruggen en tunnels
- Waterdichtingswerken van muren
- Bouw van autowegen en andere wegen
- Bouw van sierschouwen en open haarden
- Uitvoeren van metsel — en voegwerken
- Chapewerken
- Elektrotechnische installatiewerken aan gebouwen
- Leggen van kabels en leidingen
- Grondwerken
- Bouw van rioleringen
- Schrijnwerk
- Dakwerkwerkzaamheden
- Plaatsen van vloer- en wandtegels
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wendbekleding van andere materialen
- Schilderwerken van gebouwen
- Industriële schilderwerken
- Chapewerken
- Glaszetten
- Loodgieterswerk
- Installatie van verwarming, klimaatregeling en ventilatie
- Gevelreiniging
- Reiniging van gebouwen
- Poetsdienst
- Stukadoorswerk
- Restaureren van bouwwerken
- Uitvoeren van zandstraalwerken, metaalconstructies, las-, montage- en demontagewerken
- Personenvervoer, taxibedrijf
- Het uitbaten van een verpakkingsbedrijf, alsook aannemen van verpakkingswerken
- Onderneming voor land — en tuinbouwwerken, uitvoeren van loon en stukwerk voor deze sector
- Het uitbaten van een transport — en/of koerierbedrijf, de distributie en vervoer van alle goederen en documenten in binnen en buitenland
- Uitbaten van een schoonmaakbedrijf
- Onderhoudsproducten, algemene voedingswaren en huishoudelijke artikelen
- Het verschaffen van arbeidskrachten aan landbouw — handels — en nijverheidsondememingen
- Het uitbaten van: een café, Internetcafé met mogelijkheid om nationaal en internationaal te telefoneren, nachtwinkel, dancing, videotheek
- Het uitbaten van een beenhouwerij
- Het uitvoeren van werken van vleesversnijderij en uitbeenderij (loon — en stukwerk)
- Het uitbaten van een restaurant, pizzeria of een meeneemsnackbar voor het vervaardigen en verkopen van pita's, hamburgers, croques en alle andere soortgelijke en/of aanverwante producten allen met hun beleg,evenals verkoop van dranken
- De import en export, groot - en kleinhandel in producten van textiel en kleding, meubelen, bedden, tapijten, confectie voor heren en dames en babyuitzet, lederwaren, artikelen van glas, porselein en gleiswerk voor nijverheidsdoeleinden, bouwproducten en -- materialen, sanitaire apparaten en artikelen, hard — en software, ijzerwaren, televisie en radio -- elektrische toestellen alsook herstellingen van deze, elektrische apparaten en artikelen voor huishouding en verlichting
- De groot en/of kleinhandel van brood — en banketbakkerij
- Industriële bakkerij
- Een groot- en kleinhandel in nieuwe en tweedehands personenwagens, vrachtwagens, motorvoertuigen, vaartuigen en aanhangwagens
- De herstelling en onderhoud van personenwagens en vrachtwagens
- Allerlei diensten in verband met carwash
- Het verhuren van nieuwe en tweedehands motorvoertuigen, verkoop van onderdelen oliën, smeermiddelen en onderhoudsproducten
- Werkplaats voor koetswerk, onderhoud en herstelling van motorvoertuigen
- Uitvoeren van zandstraalwerken, metaalconstructies, las-, montage- en demontagewerken
- De aankoop en verkoop, import en export, klein — en groothandel, commissie — en consignatie van diverse goederen in het algemeen met inzonderheid van motorvoertuigen
- Import en export, groot — en kleinhandel in juwelen
- Het uitbaten van een kapperszaak voor dames en heren
- Het organiseren van kansspelen, pronostieken
- Afvalverwerking
Invoicing and payment
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 0552.717.876
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44034D0853/00V004 | Flanders | 539 m² | 1 · 127 m² | 5.4 m · 1 |