A9 CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of A9 CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show negative equity (-€38,781) and a net result of €1,054. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 5% of 34,590 sector peers (NACE 43, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€38,781
- Profit
- €1,054
Why 53raises riskNegative equity -€38,7811 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €109,249Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 3% on solvency, 4% on liquidity, 27% on profitability and 42% on growth.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €1,054
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460243.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1,898 after a loss of €1,350 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94.2% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,379 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219 | €2,869 | €131 | €42 | - | €909 | €3,220 | €3,220 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €105,000 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €3,317 | €449 | €665 | €431 | €4,266 | ▲ 889% |
| Gross operating margin9900 | €6,840 | €45,516 | €17,103 | €1,295 | €127,773 | -€31,870 | €2,301 | €9,384 | ▲ 308% |
| Operating profit (loss)9901 | €6,177 | €33,545 | €12,802 | -€2,064 | €22,324 | -€33,445 | -€1,350 | €1,898 | - |
| Financial income75/76B | - | - | - | - | - | €446 | €461 | €500 | ▲ 8.4% |
| Recurring financial income75 | - | - | - | - | - | €446 | €461 | €500 | ▲ 8.4% |
| Financial charges65/66B | - | - | - | €4,538 | €3,395 | €2,829 | €4,832 | €1,158 | ▼ 76.0% |
| Recurring financial charges65 | €3,700 | €4,228 | €4,340 | €4,538 | €3,395 | €2,829 | €568 | €1,158 | ▲ 104% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €4,264 | - | - |
| Profit (loss) for the period before taxes9903 | €327 | €29,317 | €8,462 | -€6,602 | €18,929 | -€35,828 | -€5,721 | €1,241 | - |
| Income taxes67/77 | €280 | - | €287 | €430 | €439 | €188 | €366 | €187 | ▼ 49.0% |
| Profit (loss) for the period9904 | €47 | €29,317 | €8,175 | -€7,032 | €18,490 | -€36,016 | -€6,087 | €1,054 | - |
| Profit (loss) for the period to be appropriated9905 | €47 | €29,317 | €8,175 | -€7,032 | €18,490 | -€36,016 | -€6,087 | €1,054 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €146,191 | €150,848 | €166,317 | €161,396 | €127,327 | €48,294 | €116,323 | €109,249 | ▼ 6.1% |
| Formation expenses20 | €392 | €172 | €42 | - | - | - | - | - | - |
| Fixed assets21/28 | - | €2,650 | - | - | - | €8,752 | €5,531 | €2,311 | ▼ 58.2% |
| Tangible fixed assets22/27 | - | €2,650 | - | - | - | €8,752 | €5,531 | €2,311 | ▼ 58.2% |
| Furniture and vehicles24 | - | - | - | - | - | €8,752 | €5,531 | €2,311 | ▼ 58.2% |
| Current assets29/58 | €145,799 | €148,026 | €166,275 | €161,396 | €127,327 | €39,542 | €110,792 | €106,937 | ▼ 3.5% |
| Stocks and contracts in progress3 | €80,461 | €80,461 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8,588 | €67,545 | €161,737 | €152,414 | €122,609 | €38,014 | €109,258 | €101,439 | ▼ 7.2% |
| Trade receivables40 | - | - | - | €109,395 | €39,028 | €21,121 | €27,796 | €23,738 | ▼ 14.6% |
| Other amounts receivable41 | - | - | - | €43,019 | €83,581 | €16,893 | €81,462 | €77,701 | ▼ 4.6% |
| Cash at bank and in hand54/58 | €4,523 | €20 | €4,538 | €8,982 | €4,718 | €5 | €8 | €3,864 | ▲ 48,624% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,524 | €1,526 | €1,635 | ▲ 7.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €146,191 | €150,848 | €166,317 | €161,396 | €127,327 | €48,294 | €116,323 | €109,249 | ▼ 6.1% |
| Equity10/15 | -€46,682 | -€17,365 | -€9,190 | -€16,222 | €2,268 | -€33,749 | -€39,835 | -€38,781 | ▲ 2.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€65,282 | -€35,965 | -€27,790 | -€34,822 | -€16,332 | -€52,349 | -€58,435 | -€57,381 | ▲ 1.8% |
| Amounts payable17/49 | €192,873 | €168,213 | €175,507 | €177,618 | €125,059 | €82,042 | €156,158 | €148,030 | ▼ 5.2% |
| Amounts payable after more than one year17 | €57,122 | €57,122 | €57,122 | €57,122 | €42,522 | €27,122 | €27,122 | €27,122 | = |
| Financial debts170/4 | - | - | - | €57,122 | €42,522 | €27,122 | €27,122 | €27,122 | = |
| Amounts payable within one year42/48 | €125,975 | €111,091 | €118,385 | €120,496 | €82,537 | €54,920 | €129,036 | €120,907 | ▼ 6.3% |
| Financial debts43 | - | - | - | - | - | - | €746 | - | - |
| Credit institutions430/8 | - | - | - | - | - | - | €746 | - | - |
| Trade debts44 | €8,578 | €10,298 | €9,775 | €4,180 | €9,659 | €31,764 | €18,121 | €2,547 | ▼ 85.9% |
| Suppliers440/4 | - | - | - | €4,180 | €9,659 | €31,764 | €18,121 | €2,547 | ▼ 85.9% |
| Taxes, remuneration and social security45 | - | - | - | €1,392 | €2,861 | €627 | €554 | €540 | ▼ 2.5% |
| Taxes450/3 | - | - | - | €1,392 | €2,861 | €627 | €554 | €540 | ▼ 2.5% |
| Other amounts payable47/48 | - | - | - | €114,924 | €70,017 | €22,529 | €109,615 | €117,820 | ▲ 7.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47 | €29,317 | €8,175 | -€7,032 | €18,490 | -€36,016 | -€6,087 | €1,054 | - |
| + Depreciation and write-downs630 | €219 | €2,869 | €131 | €42 | - | €909 | €3,220 | €3,220 | = |
| Operating cash flow (approximation) | €266 | €32,186 | €8,306 | -€6,990 | €18,490 | -€35,108 | -€2,867 | €4,274 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€4,503 | €4,518 | €4,444 | -€4,264 | -€4,713 | €3 | €3,856 | ▲ 122,699% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00460243 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00417439 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00387054 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00237734 |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20298345 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-55100217 |
| 31-12-2019 | micro format | 06-07-2020 | 2020-27000011 |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44300035 |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36200207 |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31700387 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KÖNIG Chaim |
|
Owners and capital
Capital and shareholders
- 17-07-2024 Converted to unavailable equity · €18,600
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-12
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 03-11-2025
- Registered-office move, Schupstraat 1-7 bus 13 - 2018 Antwerpen
17-07
Gazette deed
Reappointment: KÖNIG Chaim (director)Amendment of the articles · Capital conversion · Capital8 facts ▸
- General meeting, 12-07-2024
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Power of attorney, Karl Van Looy
- Other provision, “nieuwe terminologie WVV sedert 2020-01-01, bestuurder” (deed in Dutch)
- Director reappointment, KÖNIG Chaim (director (not named in the articles))
- Registered office clause, “Lange Herentalsestraat 62,2018 Antwerpen” (deed in Dutch)
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 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 0631.958.760
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1176/00Y017 | Flanders | 3,380 m² | 1 · 432 m² | 36.2 m · 2 |
| 11808H1179/00B021 | Flanders | 829 m² | 1 · 79 m² | 40.9 m · 12 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Behandeling en handel van afvalstoffen en petroleumderivaten; Inzameling van ongevaarlijk afval; Inzameling van gevaarlijk afval…” (deed in Dutch)
15 activities (deed in Dutch)
- Behandeling en handel van afvalstoffen en petroleumderivaten;
- Inzameling van ongevaarlijk afval;
- Inzameling van gevaarlijk afval;
- Fysicochemische verwerking van slib en vloeibare afvalstoffen;
- Behandeling en verwijdering van ongevaarlijk afval,m.u.v. slib en vloeibare afvalstoffen;
- Uitvoeren van grote werken;
- Bezetten,cementeren en chapen;
- Leggen van vloeren en plaatsen van tegels in alle materialen zoals onder meer marmer en natuursteen;
- Leggen van daken;
- Opsporen en afdichten van lekken;
- Schrijnwerkerij,timmerwerk en houtbewerking;
- Plaatsen van ramen en deuren;
- Wegenbouw;
- Glashandel;
- Algemene bouwonderneming.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- A9 CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Alle machten om op authentieke wijze de statutenwijziging te doen vaststellen, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June