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A2 CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeRue d' Alvau(NSV) 66, 1457 Walhain, BelgiumKBO/BCE: BE 0797.744.133
Summary

The computed 12-month bankruptcy probability of A2 CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €2,806 and a net result of €6,419. Equity is shrinking by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 7586 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+75
Solvency42▲+35
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7586 sector peers (2025).
NBB · sector comparison
Position among 7586 sector peers
Solvency
better than 24%
← 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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
29 d early
2024
28 d late
2023
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 4 July (3 of the last 3 filed years within 55 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

A2 CONSTRUCT was incorporated on 29 January 2023 as a Private limited company.1 Total assets rose from EUR 14,109 in 2023 to EUR 16,108 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,806
2024 · -€3,613
Total assets
€16,108▼ 19.8%
2024 · €20,089
Net result
€6,419
2024 · -€8,062
Working capital
€2,806
2024 · -€9,335
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202320242025
Operating result€2,004--€7,604€6,878
Net result€1,450within the sector's middle half--€8,062below the sector's middle half€6,419within the sector's middle half
Equity€4,450below the sector's middle half--€3,613below the sector's middle half€2,806below the sector's middle half
Total assets€14,109below the sector's middle half-€20,089below the sector's middle half▲ 42.4%€16,108below the sector's middle half▼ 19.8%
Debt€9,659-€23,702▲ 145%€13,302▼ 43.9%
Working capital€4,450within the sector's middle half--€9,335below the sector's middle half€2,806within the sector's middle half
Solvency31.5%within the sector's middle half--18.0%below the sector's middle half▼ 49.5pp17.4%below the sector's middle half▲ 35.4pp
Current ratio1.46within the sector's middle half-0.56below the sector's middle half▼ 0.901.21within the sector's middle half▲ 0.65
Return on assets (ROA)10.3%within the sector's middle half--40.1%below the sector's middle half▼ 50.4pp39.8%above the sector's middle half▲ 80.0pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2023: €2,004€2,004Net result 2023: €1,450€1,450Operating result 2024: -€7,604-€7,604Net result 2024: -€8,062-€8,062Operating result 2025: €6,878€6,878Net result 2025: €6,419€6,419202320242025-€10,000-€5,000€0€5,000Operating result 2023: €2,004€2,000Net result 2023: €1,450€1,450Operating result 2024: -€7,604-€7,600Net result 2024: -€8,062-€8,060Operating result 2025: €6,878€6,880Net result 2025: €6,419€6,420202320242025
The operating result returns to profit in 2025: €6,878 after a loss of €7,604 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €16,108
Equity €2,806
Debt €13,302
Debt finances 82.6% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,892▲
2024 · €1,396
Cash flow
€14,433▲
2024 · €938
Debt to equity
4.74▲
2024 · -6.56
ROE
228.7%
Interest coverage
50.33▲
2024 · 3.05
Debt ≤ 1 year
€13,302▼
2024 · €21,411
Debt > 1 year
€0▼
2024 · €2,291
Income taxes
€169▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€20,089€16,108▼
Fixed assets21/28€8,014€0▼
Tangible fixed assets22/27€8,014€0▼
Leasing and similar rights25€8,014€0▼
Current assets29/58€12,076€16,108▲
Amounts receivable within one year40/41€4,585€9,599▲
Trade receivables40€4,585€6,028▲
Other amounts receivable41€0€3,571▲
Cash at bank and in hand54/58€7,435€5,085▼
Deferred charges and accrued income490/1€55€1,424▲
Equity and liabilities
Total equity and liabilities10/49€20,089€16,108▼
Equity10/15-€3,613€2,806▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€6,613-€194▲
Amounts payable17/49€23,702€13,302▼
Amounts payable after more than one year17€2,291€0▼
Financial debts170/4€2,291€0▼
Amounts payable within one year42/48€21,411€13,302▼
Current portion of amounts payable after more than one year42€6,831€2,291▼
Trade debts44€1,435€198▼
Suppliers440/4€1,435€198▼
Taxes, remuneration and social security45€3,855€2,581▼
Taxes450/3€1,855€581▼
Remuneration and social security454/9€2,000€2,000=
Other amounts payable47/48€9,290€8,232▼
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,000€8,014▼
Other operating charges640/8€40€154▲
Gross operating margin9900€1,436€15,046▲
Operating profit (loss)9901-€7,604€6,878▲
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€458€296▼
Recurring financial charges65€458€296▼
Profit (loss) for the period before taxes9903-€8,062€6,588▲
Income taxes67/77€0€169▲
Profit (loss) for the period9904-€8,062€6,419▲
Profit (loss) for the period to be appropriated9905-€8,062€6,419▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,613-€194▲
Profit (loss) brought forward from the previous period14P€1,450-€6,613▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Non-recurring operating income76A€2,693€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€9,000€8,014▼ 11.0%
Other operating charges640/8-€40€154▲ 286%
Gross operating margin9900€2,004€1,436€15,046▲ 948%
Operating profit (loss)9901€2,004-€7,604€6,878▲ 190%
Financial income75/76B€3€0€6▲ 21,167%
Recurring financial income75€3€0€6▲ 21,167%
Financial charges65/66B€73€458€296▼ 35.4%
Recurring financial charges65€73€458€296▼ 35.4%
Profit (loss) for the period before taxes9903€1,935-€8,062€6,588▲ 182%
Income taxes67/77€485€0€169-
Profit (loss) for the period9904€1,450-€8,062€6,419▲ 180%
Profit (loss) for the period to be appropriated9905€1,450-€8,062€6,419▲ 180%
Line202320242025Change
Assets
Total assets20/58€14,109€20,089€16,108▼ 19.8%
Fixed assets21/28-€8,014€0▼ 100%
Tangible fixed assets22/27-€8,014€0▼ 100%
Leasing and similar rights25-€8,014€0▼ 100%
Current assets29/58€14,109€12,076€16,108▲ 33.4%
Amounts receivable within one year40/41€7,705€4,585€9,599▲ 109%
Trade receivables40€3,205€4,585€6,028▲ 31.5%
Other amounts receivable41€4,500€0€3,571-
Cash at bank and in hand54/58€6,404€7,435€5,085▼ 31.6%
Deferred charges and accrued income490/1-€55€1,424▲ 2,475%
Equity and liabilities
Total equity and liabilities10/49€14,109€20,089€16,108▼ 19.8%
Equity10/15€4,450-€3,613€2,806▲ 178%
Contributions10/11€3,000€3,000€3,000=
Profit (loss) carried forward14€1,450-€6,613-€194▲ 97.1%
Amounts payable17/49€9,659€23,702€13,302▼ 43.9%
Amounts payable after more than one year17-€2,291€0▼ 100%
Financial debts170/4-€2,291€0▼ 100%
Amounts payable within one year42/48€9,659€21,411€13,302▼ 37.9%
Current portion of amounts payable after more than one year42-€6,831€2,291▼ 66.5%
Trade debts44€2,444€1,435€198▼ 86.2%
Suppliers440/4€2,444€1,435€198▼ 86.2%
Taxes, remuneration and social security45€4,665€3,855€2,581▼ 33.0%
Taxes450/3€2,665€1,855€581▼ 68.7%
Remuneration and social security454/9€2,000€2,000€2,000=
Other amounts payable47/48€2,550€9,290€8,232▼ 11.4%
Line202320242025Change
Profit (loss) for the period9904€1,450-€8,062€6,419▲ 180%
+ Depreciation and write-downs630-€9,000€8,014▼ 11.0%
Operating cash flow (approximation)€1,450€938€14,433▲ 1,439%
Investment in fixed assets (approximation)--€0-
Change in cash-€1,032-€2,351▼ 328%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €6,419
Net result €6,419 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 1.21
Current ratio from 0.56 to 1.21; short-term debt falls from €21,411 to €13,302.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Weakest financial yearnet -€8,062
Net result drops to -€8,062, the lowest in the series; recovery starts the following year.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Walhain · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,721 m²
Building footprint
369 m²
Volume, LiDAR
2,400 m³
Parcel 25071A0009/00B000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
A2 CONSTRUCT
Rue d' Alvau(NSV) 66, 1457 WalhainGeneral construction of buildings
since 20232.343.539.004
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25071A0009/00B000 Wallonia 3,721 m² 1 · 369 m² 8.8 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.

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 4,385 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
Founded29-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797744133
Also 9925:BE0797744133
Registered 24-11-2023

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.