A12
ActiveSummary
A12 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,460 and a net result of €64,973. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 19% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency42▲+4
Growth68=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.97 in 2024; short-term debt: 83.4% and cash: 43.2% of total assets), and 83.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
52.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
3 d early
2023
13 d early
2022
4 d early
2021
9 d early
2020
5 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,460=
2024 · €20,460
Total assets
€123,248▼ 24.6%
2024 · €163,420
Net result
€64,973▼ 38.8%
2024 · €106,192
Working capital
€610
2024 · -€4,773
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,323▲ 26.3%€96,083▲ 103%€109,039▲ 13.5%€126,228▲ 15.8%€78,522▼ 37.8%
Net result€36,666above the sector's middle half▲ 14.4%€79,000above the sector's middle half▲ 115%€90,899above the sector's middle half▲ 15.1%€106,192above the sector's middle half▲ 16.8%€64,973above the sector's middle half▼ 38.8%
Equity€20,460within the sector's middle half=€20,460within the sector's middle half=€20,460within the sector's middle half=€20,460within the sector's middle half=€20,460within the sector's middle half=
Total assets€83,771within the sector's middle half▲ 40.0%€130,380within the sector's middle half▲ 55.6%€152,188within the sector's middle half▲ 16.7%€163,420within the sector's middle half▲ 7.4%€123,248within the sector's middle half▼ 24.6%
Debt€63,311▲ 60.7%€109,920▲ 73.6%€131,728▲ 19.8%€142,960▲ 8.5%€102,788▼ 28.1%
Working capital€13,829within the sector's middle half▲ 76.4%€16,365within the sector's middle half▲ 18.3%-€3,378below the sector's middle half-€4,773below the sector's middle half▼ 41.3%€610below the sector's middle half
Solvency24.4%within the sector's middle half▼ 9.8pp15.7%below the sector's middle half▼ 8.7pp13.4%below the sector's middle half▼ 2.2pp12.5%below the sector's middle half▼ 0.9pp16.6%below the sector's middle half▲ 4.1pp
Current ratio1.22within the sector's middle half▲ 0.021.15within the sector's middle half▼ 0.070.97below the sector's middle half▼ 0.180.97below the sector's middle half▼ 0.011.01below the sector's middle half▲ 0.04
Return on assets (ROA)43.8%above the sector's middle half▼ 9.8pp60.6%above the sector's middle half▲ 16.8pp59.7%above the sector's middle half▼ 0.9pp65.0%above the sector's middle half▲ 5.3pp52.7%above the sector's middle half▼ 12.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,248
Fixed assets
€19,850 ▼ 24.8%
Current assets
€103,398 ▼ 24.5%
Equity and liabilities €123,248
Equity
€20,460 =
Debt
€102,788 ▼ 28.1%
Debt's share of the balance-sheet total falls from 87.5% to 83.4%. Debt is lower.
Key figures and ratios
EBITDA
€86,352▼
2024 · €133,815
Cash flow
€72,803▼
2024 · €113,779
Quick ratio
0.75▼
2024 · 0.82
Debt to equity
5.02▼
2024 · 6.99
ROE
317.6%▼
2024 · 519.0%
Interest coverage
43.80▼
2024 · 59.93
Debt ≤ 1 year
€102,788▼
2024 · €141,784
Debt > 1 year
€0▼
2024 · €1,176
Income taxes
€14,051▼
2024 · €20,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €6,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,992 | €2,536 | €7,825 | €7,586 | €7,830 | ▲ 3.2% |
| Other operating charges640/8 | €1,940 | €1,560 | €1,718 | €1,712 | €1,452 | ▼ 15.2% |
| Gross operating margin9900 | €55,255 | €100,179 | €118,582 | €135,526 | €87,804 | ▼ 35.2% |
| Operating profit (loss)9901 | €47,323 | €96,083 | €109,039 | €126,228 | €78,522 | ▼ 37.8% |
| Financial income75/76B | €2,232 | €1,347 | €3,745 | €2,385 | €2,474 | ▲ 3.7% |
| Recurring financial income75 | €2,232 | €1,347 | €3,745 | €2,385 | €2,474 | ▲ 3.7% |
| Financial charges65/66B | €434 | €731 | €1,969 | €2,233 | €1,971 | ▼ 11.7% |
| Recurring financial charges65 | €434 | €731 | €1,969 | €2,233 | €1,971 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €49,122 | €96,699 | €110,816 | €126,380 | €79,024 | ▼ 37.5% |
| Income taxes67/77 | €12,456 | €17,699 | €19,916 | €20,188 | €14,051 | ▼ 30.4% |
| Profit (loss) for the period9904 | €36,666 | €79,000 | €90,899 | €106,192 | €64,973 | ▼ 38.8% |
| Profit (loss) for the period to be appropriated9905 | €36,666 | €79,000 | €90,899 | €106,192 | €64,973 | ▼ 38.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,771 | €130,380 | €152,188 | €163,420 | €123,248 | ▼ 24.6% |
| Fixed assets21/28 | €6,631 | €4,095 | €31,905 | €26,409 | €19,850 | ▼ 24.8% |
| Intangible fixed assets21 | €1,111 | €811 | €511 | €211 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,415 | €1,179 | €29,289 | €24,093 | €17,745 | ▼ 26.3% |
| Plant, machinery and equipment23 | €51 | €0 | - | - | - | - |
| Furniture and vehicles24 | €3,364 | €1,179 | €29,289 | €24,093 | €17,745 | ▼ 26.3% |
| Financial fixed assets28 | €2,105 | €2,105 | €2,105 | €2,105 | €2,105 | = |
| Current assets29/58 | €77,141 | €126,286 | €120,283 | €137,011 | €103,398 | ▼ 24.5% |
| Stocks and contracts in progress3 | €16,926 | €37,374 | €27,661 | €20,177 | €26,479 | ▲ 31.2% |
| Stocks30/36 | €16,926 | €37,374 | €27,661 | €20,177 | €26,479 | ▲ 31.2% |
| Amounts receivable within one year40/41 | €13,569 | €1,584 | €2,317 | €78,760 | €23,094 | ▼ 70.7% |
| Trade receivables40 | €12,346 | €0 | - | €64,616 | €12,333 | ▼ 80.9% |
| Other amounts receivable41 | €1,223 | €1,584 | €2,317 | €14,144 | €10,761 | ▼ 23.9% |
| Cash at bank and in hand54/58 | €45,705 | €85,744 | €88,847 | €36,674 | €53,189 | ▲ 45.0% |
| Deferred charges and accrued income490/1 | €941 | €1,583 | €1,458 | €1,399 | €636 | ▼ 54.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,771 | €130,380 | €152,188 | €163,420 | €123,248 | ▼ 24.6% |
| Equity10/15 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €63,311 | €109,920 | €131,728 | €142,960 | €102,788 | ▼ 28.1% |
| Amounts payable after more than one year17 | - | - | €8,067 | €1,176 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €8,067 | €1,176 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €63,311 | €109,920 | €123,660 | €141,784 | €102,788 | ▼ 27.5% |
| Current portion of amounts payable after more than one year42 | - | - | €6,618 | €6,892 | €1,176 | ▼ 82.9% |
| Financial debts43 | €346 | €0 | - | - | - | - |
| Credit institutions430/8 | €346 | €0 | - | - | - | - |
| Trade debts44 | €13,209 | €6,683 | €1,973 | €7,454 | €3,631 | ▼ 51.3% |
| Suppliers440/4 | €13,209 | €6,683 | €1,973 | €7,454 | €3,631 | ▼ 51.3% |
| Advances received on contracts in progress46 | - | - | - | - | €10,070 | - |
| Taxes, remuneration and social security45 | €2,551 | €5,333 | €5,961 | €457 | €2,333 | ▲ 410% |
| Taxes450/3 | €2,551 | €5,333 | €5,961 | €457 | €2,333 | ▲ 410% |
| Other amounts payable47/48 | €47,205 | €97,904 | €109,108 | €126,981 | €85,579 | ▼ 32.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,666 | €79,000 | €90,899 | €106,192 | €64,973 | ▼ 38.8% |
| + Depreciation and write-downs630 | €5,992 | €2,536 | €7,825 | €7,586 | €7,830 | ▲ 3.2% |
| Operating cash flow (approximation) | €42,657 | €81,536 | €98,724 | €113,779 | €72,803 | ▼ 36.0% |
| Investment in fixed assets (approximation) | - | €0 | -€35,635 | -€2,090 | -€1,271 | ▲ 39.2% |
| Change in cash | - | €40,039 | €3,103 | -€52,174 | €16,515 | ▲ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €106,192 ▲16.8%
Operating result €126,228, net result €106,192, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2014
Ground area
1,593 m²
Building footprint
1,001 m²
Volume, LiDAR
5,502 m³
Parcel 11382A0331/00T009, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A12 dakwerken
since 20142.233.745.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0331/00T009 | Flanders | 1,593 m² | 1 · 1,001 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryA12 BV44131
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,368. 3,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43230Insulation installation
43320Joinery installation
43350Other building finishing work
43421Specialised construction activities
47529Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0559974070
Also
9925:BE0559974070
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.