Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower solvency than 95% of companies in construction of buildings. Sector median 42.9% · 9,452 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 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 41, micro). It does better than 3% of them on solvency, 7% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 1,017 companies had the same profile as ABF CONSTRUCT has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ABF CONSTRUCT itself: 5.5% 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 1,017 companies, not a prediction for ABF 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 0.96 (1.42 in 2023), below 1. Short-term debt is 87.8% and cash 4% 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 2 accounts on average 18 days after the deadline. In the sector (NACE 41), the median for financial year 2023 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ABF CONSTRUCT Genk | €57,858 | €62,677 | -74.2% | - |
| ARK Groep Genk | €55,458 | €52,345 | 80.0% | - |
| SEG Building Beringen | €60,029 | €55,063 | 7.6% | - |
| Grevendonk Jansen Lommel | €66,170 | €63,589 | 23.3% | - |
| Cans & Dreams Charleroi | €57,571 | €56,968 | 79.1% | - |
| TISMAN CONSTRUCT Zaventem | €61,992 | €66,466 | 35.2% | - |
| NOVA BLEX Dilbeek | €57,728 | €58,154 | 67.2% | - |
These companies have the same main activity as ABF CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €55,500 and €66,200, founded between 2022 and 2023.
The computed 12-month bankruptcy probability of ABF CONSTRUCT is 5.5% (elevated). The 2025 annual accounts show negative equity (-€42,924) and a net result of €53,384.
Its solvency ranks better than 5% of 9,452 sector peers (NACE 41, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
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 ≈ €320,000. Estimated: probably between €230,000 and €530,000.
Lower than 95% of 9,452 companies in 2025.
Higher than 20% of 9,200 companies in 2025.
Higher than 95% of 9,272 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
57,858 | 155,729 | |
21/28 |
8,977 | 23,146 | |
22/27 |
8,977 | 23,146 | |
24 |
8,977 | 23,146 | |
29/58 |
48,882 | 132,583 | |
40/41 |
46,593 | 131,095 | |
40 |
44,940 | 128,611 | |
41 |
1,653 | 2,484 | |
54/58 |
2,288 | 1,487 | |
| Balance sheet: equity and liabilities | |||
10/49 |
57,858 | 155,729 | |
10/15 |
-42,924 | 12,304 | |
10/11 |
3,000 | 3,000 | |
14 |
-45,924 | 9,304 | |
16 |
50,000 | 50,000 | |
160/5 |
50,000 | 50,000 | |
163 |
50,000 | - | |
164/5 |
- | 50,000 | |
17/49 |
50,782 | 93,424 | |
42/48 |
50,782 | 93,424 | |
42 |
3,000 | - | |
44 |
4,289 | 85,400 | |
440/4 |
4,289 | 85,400 | |
47/48 |
43,493 | 8,024 | |
| Income statement | |||
9900 |
62,677 | 29,747 | |
62 |
- | 15,910 | |
630 |
5,459 | 4,019 | |
640/8 |
1,705 | 333 | |
9901 |
55,514 | 9,485 | |
75/76B |
9 | - | |
75 |
9 | - | |
65/66B |
2,139 | 181 | |
65 |
2,139 | 181 | |
9903 |
53,384 | 9,304 | |
9904 |
53,384 | 9,304 | |
9905 |
53,384 | 9,304 | |
| Appropriation of the result | |||
9906 |
-45,924 | 9,304 | |
14P |
-99,307 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-07-2026.
| Line | Trend | 2025 | 2023 |
|---|---|---|---|
| 60,973 | 13,504 | ||
| 58,843 | 13,323 | ||
| 742 | 27,165 | ||
| -1,900 | 39,159 | ||
| -74.2% | 7.9% | ||
| 0.96 | 1.42 | ||
| - | 7.59 | ||
| - | 75.6% | ||
| 92.3% | 6.0% | ||
| 28.50 | 74.78 |
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 | 2025 | 2023 |
|---|---|---|
| Tangible fixed assets | €742 | €27,165 |
| €5,459 | €4,019 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €55,514, against €9,485 in 2023. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€50,782) exceeds the balance-sheet total (€57,858).
1 other company of this director went bankrupt (2021).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
ABF CONSTRUCT has no parent and no holdings in its annual accounts. ABBOU Farid is the only director.
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| Meylaerts, Marc (sole trader)
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| Aydoğmuş, Alkan (sole trader)
establishment since 01-04-2010 |
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| Vereniging van mede-eigenaars van de Residentie ATLANTIS, Jan Habexlaan 9 te 3600 Genk
registered office since 01-08-1995 |
founded in 1995 0837.797.710 |
| MOFA Construct via Abbou Farid, no longer at MOFA Construct · Director Open bankruptcy · founded in 2017 |
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The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 5 December 2022, ABF CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 ABBOU Farid has served as director since 2022.3 Total assets went from €155,729 in 2023 to €57,858 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Jan Habexlaan 9 registered office 3600 Genk | 05-12-2022 | 2.338.678.809 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71016I0542/00Y000 | 900 m² | 1 · 337 m² | 28.8 m · 7 |
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 0794.417.033
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