Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Green is investment, beige is depreciation.
Short-term debts fell from €64,343 to €28,114.
The 2021 accounts came latest: 88 days after the end of the period.
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 3% of them on solvency, 8% on liquidity, 92% on profitability and 73% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 2,180 companies had the same profile as A2K CONSTRUCT has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A2K CONSTRUCT itself: 1.3% within 12 months.
The method was tested on the 497,447 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 2,180 companies, not a prediction for A2K 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.
Liquidity is insufficient, with a current ratio of 0.08 (0.59 in 2024), below 1. Short-term debt is 247.2% and cash 11.9% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 35 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.
| Company | ||||
|---|---|---|---|---|
| A2K CONSTRUCT | €11,374 | €11,524 | -147.2% | - |
| Geen Probleem Kortrijk | €11,401 | €11,640 | 0.9% | - |
| ORFEK MONTAGE Seneffe | €10,016 | €11,555 | -262.9% | - |
| Villa GA Ganshoren | €14,323 | €11,381 | 90.3% | - |
| Miliflo Flobecq | €8,670 | €8,239 | 58.3% | - |
| RWS Constructions Nijlen | €14,047 | €7,481 | 0.6% | - |
| DC ERGA Dilbeek | €15,831 | €11,292 | 78.7% | - |
These companies have the same main activity as A2K CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €8,670 and €15,800, founded between 2019 and 2022.
A2K CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €12,154 in 2021 to €11,524 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €82,000 and €300,000.
Lower than 95% of 35,119 companies in 2025.
Lower than 95% of 34,493 companies in 2025.
Higher than 95% of 34,694 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
11,374 | 41,356 | 82,105 | 19,238 | 17,641 | |
20 |
- | - | - | - | 65 | |
21/28 |
9,236 | 3,271 | 8,427 | 15,635 | 1,436 | |
22/27 |
9,236 | 3,271 | 8,427 | 15,635 | 1,436 | |
24 |
9,236 | 3,271 | 8,427 | 15,635 | 1,436 | |
29/58 |
2,138 | 38,085 | 73,678 | 3,603 | 16,140 | |
40/41 |
714 | 5,542 | 38,717 | 1,918 | 6,266 | |
40 |
- | 5,084 | 38,167 | 523 | 5,200 | |
41 |
714 | 458 | 550 | 1,395 | 1,066 | |
54/58 |
1,348 | 32,543 | 34,961 | 1,685 | 9,874 | |
490/1 |
76 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
11,374 | 41,356 | 82,105 | 19,238 | 17,641 | |
10/15 |
-16,740 | -22,986 | -16,095 | -11,411 | 9,543 | |
10/11 |
1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
14 |
-18,240 | -24,486 | -17,595 | -12,911 | 8,043 | |
17/49 |
28,114 | 64,343 | 98,200 | 30,649 | 8,098 | |
42/48 |
28,114 | 64,343 | 98,200 | 30,649 | 8,098 | |
44 |
10,106 | 2,085 | 33,020 | - | 5,770 | |
440/4 |
10,106 | 2,085 | 33,020 | - | 5,770 | |
46 |
- | 35,620 | 35,620 | - | - | |
45 |
- | 308 | 308 | - | 2,160 | |
450/3 |
- | 308 | 308 | - | 2,160 | |
47/48 |
18,008 | 26,330 | 29,252 | 30,649 | 168 | |
| Income statement | ||||||
9900 |
11,524 | 2,206 | 3,076 | -3,916 | 12,154 | |
630 |
3,795 | 7,328 | 7,207 | 5,990 | 953 | |
640/8 |
1,382 | 1,453 | - | 171 | 902 | |
9901 |
6,347 | -6,575 | -4,131 | -10,077 | 10,299 | |
65/66B |
409 | 316 | 245 | 37 | 96 | |
65 |
409 | 316 | 245 | 37 | 96 | |
9903 |
5,938 | -6,891 | -4,376 | -10,114 | 10,203 | |
67/77 |
-308 | - | 308 | - | 2,160 | |
9904 |
6,246 | -6,891 | -4,684 | -10,114 | 8,043 | |
9905 |
6,246 | -6,891 | -4,684 | -10,114 | 8,043 | |
| Appropriation of the result | ||||||
9906 |
-18,240 | -24,486 | -17,595 | -12,911 | 8,043 | |
14P |
-24,486 | -17,595 | -12,911 | -2,797 | - | |
791/2 |
- | 0 | - | - | - | |
794 |
- | 0 | - | - | - | |
| Social balance sheet | ||||||
Hours worked1013 |
0 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-06-2026 | 2026-00179257 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00421532 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00404031 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00482020 | |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20473673 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 10,142 | 753 | 3,076 | -4,087 | 11,252 | ||
| 10,041 | 437 | 2,523 | -4,124 | 8,996 | ||
| 9,900 | 2,172 | -1 | 20,124 | 6,700 | ||
| -31,195 | -2,418 | 33,276 | -8,189 | - | ||
| -25,976 | -26,258 | -24,522 | -27,046 | 8,042 | ||
| -147.2% | -55.6% | -19.6% | -59.3% | 54.1% | ||
| 0.08 | 0.59 | 0.75 | 0.12 | 1.99 | ||
| - | - | - | - | 0.85 | ||
| - | - | - | - | 84.3% | ||
| 54.9% | -16.7% | -5.7% | -52.6% | 45.6% | ||
| 24.80 | 2.38 | 12.56 | -110.46 | over 100 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,900 | €2,172 | - | €20,124 | €6,700 |
| €3,795 | €7,328 | €7,207 | €5,990 | €953 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €6,347, after a loss of €6,575 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€28,114) exceeds the balance-sheet total (€11,374).
A2K CONSTRUCT has no parent and no holdings in its annual accounts. KUMPS Gary Vincent Jacques Pascal is the only director. A2K CONSTRUCT shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
A2K CONSTRUCT was incorporated on 26 January 2021 as a private limited company by three natural persons, with a starting capital of €1,500.12 The registered office was moved to Drogenbos in 2021.3 KUMPS Gary Vincent Jacques Pascal is director of the company, appointed by deed of 28-01-2021.2 Total assets fell from €17,641 in 2021 to €11,374 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Avenue des Combattants 28 1470 Genappe | 26-01-2021 | 2.315.021.004 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22001A0058/00L000 | Flanders | 4,023 m² | 1 · 1,681 m² | 9.0 m · 3 |
| 25013E0153/00R003 | Wallonia | 294 m² | 1 · 66 m² | 11.3 m · 3 |
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 0762.499.776
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