ABSOLUTE@CONSTRUCT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,117 and a net result of €2,282. Equity has been shrinking by about 6.8% per year since 2018. Its solvency ranks better than 37% of 376 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Score breakdownraises riskEquity €130,117 (13.4% of total assets)Size: 26.3 FTE, total assets €971,883lowers riskLiquidity: current ratio 1.15, cash €289,896Founded in 2011Show the evidence
Checked score
Score 2025
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
82/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 25% of small companies in employment activities (NACE 78)
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Weak
Solvency38-16
equity 13.4% of total assets
Liquidity39-14
short-term debt 86.6% · cash 29.8%
Profitability24-27
return on assets 0.2%
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.2% (196 companies, NACE 78, small)
Last 24 months12-2024: 0.3%01-2025: 0.3%● unchanged vs 12-202402-2025: 0.3%● unchanged vs 01-202503-2025: 0.3%● unchanged vs 02-202504-2025: 0.2%▼ -0.1 percentage points vs 03-202505-2025: 0.2%● unchanged vs 04-2025lowest value06-2025: 0.3%▲ +0.1 percentage points vs 05-202507-2025: 0.3%● unchanged vs 06-202508-2025: 0.3%● unchanged vs 07-202509-2025: 0.3%● unchanged vs 08-202510-2025: 0.3%● unchanged vs 09-202511-2025: 0.3%● unchanged vs 10-202512-2025: 0.3%● unchanged vs 11-202501-2026: 0.3%● unchanged vs 12-202502-2026: 0.3%● unchanged vs 01-202603-2026: 0.3%● unchanged vs 02-202604-2026: 0.3%● unchanged vs 03-202605-2026: 0.3%● unchanged vs 04-202606-2026: 0.2%▼ -0.1 percentage points vs 05-202607-2026: 0.3%▲ +0.1 percentage points vs 06-202608-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value09-2026: 0.3%▼ -0.3 percentage points vs 08-202610-2026: 0.3%● unchanged vs 09-202611-2026: 0.3%● unchanged vs 10-2026
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.41 in 2024), below the usual 1.5. Short-term debt is 86.6% and cash 29.8% of total assets. 86.6% of the assets are financed with debt and provisions.
Calculation
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 78, small). It does better than 31% of them on solvency, 33% on liquidity, 28% on profitability and 10% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 30 days either side of that date).
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 12 days after the deadlineFiled on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399307.
The net result is what is left after all costs and taxes. One loss year is not an alarm on its own. After several loss years in a row, it pays to find out why.
Working capital is what is left when the company pays its short-term debts with its short-term assets. Positive means it can pay its bills in the short term.
Net result€0.2m-€0.09m▼ 60.1%€0.02mwithin the sector's middle half▼ 78.5%€0.02mwithin the sector's middle half▲ 24.9%€0.01mwithin the sector's middle half▼ 51.5%€0.1mwithin the sector's middle half▲ 984%€0.04mwithin the sector's middle half▼ 69.8%€0.002mwithin the sector's middle half▼ 94.1%
Equity€0.4m-€0.5m▲ 9.3%€0.5mabove the sector's middle half▲ 4.1%€0.4mwithin the sector's middle half▼ 20.2%€0.4mwithin the sector's middle half▲ 0.5%€0.4mwithin the sector's middle half▲ 9.7%€0.3mwithin the sector's middle half▼ 25.3%€0.1mwithin the sector's middle half▼ 60.3%
Total assets€0.8m-€0.7m▼ 5.7%€0.8mwithin the sector's middle half▲ 16.1%€0.7mwithin the sector's middle half▼ 9.0%€0.8mwithin the sector's middle half▲ 7.7%€1.6mwithin the sector's middle half▲ 92.8%€1.1mwithin the sector's middle half▼ 27.7%€1.0mwithin the sector's middle half▼ 13.4%
Working capital€0.4m-€0.5m▲ 33.8%€0.5mabove the sector's middle half▲ 0.6%€0.4mabove the sector's middle half▼ 20.1%€0.4mabove the sector's middle half▼ 4.3%€0.4mabove the sector's middle half▲ 4.3%€0.3mwithin the sector's middle half▼ 25.7%€0.1mwithin the sector's middle half▼ 61.5%
Solvency58.4%-67.7%▲ 9.3pp60.7%above the sector's middle half▼ 7.0pp53.2%within the sector's middle half▼ 7.4pp49.7%within the sector's middle half▼ 3.6pp28.3%within the sector's middle half▼ 21.4pp29.2%within the sector's middle half▲ 0.9pp13.4%within the sector's middle half▼ 15.8pp
Current ratio2.33-5.12▲ 2.793.20above the sector's middle half▼ 1.922.45above the sector's middle half▼ 0.742.10above the sector's middle half▼ 0.351.39within the sector's middle half▼ 0.711.41within the sector's middle half▲ 0.021.15within the sector's middle half▼ 0.26
Return on assets (ROA)30.4%-12.9%▼ 17.6pp2.4%within the sector's middle half▼ 10.5pp3.3%within the sector's middle half▲ 0.9pp1.5%within the sector's middle half▼ 1.8pp8.3%within the sector's middle half▲ 6.8pp3.5%within the sector's middle half▼ 4.8pp0.2%within the sector's middle half▼ 3.2pp
Staff (FTE)32.6-19.3▼ 40.8%25.3within the sector's middle half▲ 31.1%24.8within the sector's middle half▼ 2.0%26.5within the sector's middle half▲ 6.9%45.4above the sector's middle half▲ 71.3%27.4within the sector's middle half▼ 39.6%26.3within the sector's middle half▼ 4.0%
abovewithinbelowThe sector band is the middle half of the companies in Employment activities (NACE 78). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 68% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €971,883
99.4%
Fixed assets€6,151 ▼ 15.3%
Current assets€965,733 ▼ 13.3%
Equity and liabilities €971,883
13.4%
86.6%
Equity€130,117 ▼ 60.3%
Debt€841,766 ▲ 6.0%
Debt's share of the balance-sheet total rises from 70.8% to 86.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€15,240▼
2024 · €47,107
Cash flow
€2,966▼
2024 · €40,499
Debt to equity
6.47▲
2024 · 2.42
ROE
1.8%▼
2024 · 11.9%
Interest coverage
0.55▼
2024 · 3.40
Debt ≤ 1 year
€841,739▲
2024 · €792,421
Income taxes
€2,019▼
2024 · €12,990
Staff costs
€1.9m▼
2024 · €2.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
social balance sheet
Item
31-12-2021
31-12-2022
31-12-2023
31-12-2024
31-12-2025
Employees at the balance-sheet date
17
-
1
28
11
full-time
17
-
1
28
0
part-time
0
-
0
0
11
in full-time equivalents
17
-
1
28
11
Average over the year, in full-time equivalents
24.8
26.5
45.4
27.4
26.3
Joined
2,273
2,252
3,765
2,632
1,674
Left
2,287
2,269
3,764
2,605
1,666
Training hours
40
24
96
168
-
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others
Item
2021
2022
2023
2024
2025
Debts secured on the company's own assets
€72,976
€50,224
€27,202
€3,909
-
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired
Item
2021
2022
2023
2024
2025
Tangible fixed assets
€3,255
-
-
-
-
Financial fixed assets
-
-
-
-
€0
Depreciation and write-downs of the year
€2,688
€2,854
€2,289
€1,653
€683
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
Flemish government
The Flemish government granted these subsidies and aid to the company. Such aid usually goes with a project, with conditions the company must meet.
3 entries · €3,690 · €3,863 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 53 lines
Balance sheetCode20242025
Assets
Total assets20/58€1.1m€1.0m▼
Fixed assets21/28€0.007m€0.006m▼
Tangible fixed assets22/27€0.007m€0.006m▼
Furniture and vehicles24€0-
Other tangible fixed assets26€0.007m€0.006m▼
Financial fixed assets28€428€0▼
Current assets29/58€1.1m€1.0m▼
Amounts receivable within one year40/41€0.7m€0.7m▼
Trade receivables40€0.4m€0.4m▲
Other amounts receivable41€0.4m€0.3m▼
Cash at bank and in hand54/58€0.4m€0.3m▼
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.0m▼
Equity10/15€0.3m€0.1m▼
Contributions10/11€0.1m€0.1m=
Reserves13€0.2m€0.01m▼
Distributable reserves133€0.2m€0.01m▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€0.8m€0.8m▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€0.8m€0.8m▲
Current portion of amounts payable after more than one year42€0.004m€0▼
Financial debts43€0€0.007m▲
Credit institutions430/8€0€0.007m▲
Trade debts44€0.5m€0.05m▼
Suppliers440/4€0.5m€0.05m▼
Taxes, remuneration and social security45€0.04m€0.09m▲
Taxes450/3€0.02m€0▼
Remuneration and social security454/9€0.01m€0.09m▲
Other amounts payable47/48€0.2m€0.7m▲
Accrued charges and deferred income492/3€0.002m€27▼
Income statementCode20242025
Remuneration, social security and pensions62€2.4m€1.9m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.001m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.03m€0.03m▲
Other operating charges640/8€0.004m€0.003m▼
Non-recurring operating charges66A€467€0.005m▲
Gross operating margin9900€2.5m€2.0m▼
Operating profit (loss)9901€0.05m€0.01m▼
Financial income75/76B€0.02m€0.02m▼
Recurring financial income75€0.02m€0.02m▼
Financial charges65/66B€0.01m€0.03m▲
Recurring financial charges65€0.01m€0.03m▲
Profit (loss) for the period before taxes9903€0.05m€0.004m▼
Income taxes67/77€0.01m€0.002m▼
Profit (loss) for the period9904€0.04m€0.002m▼
Profit (loss) for the period to be appropriated9905€0.04m€0.002m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.04m€0.002m▼
Transfer from equity791/2€0.1m€0.2m▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0.2m€0.2m▲
Return on contributions (dividend)694€0.2m€0.2m▲
Social balance sheet
Average headcount (FTE)908727.426.3▼
The notes to these accounts have 10 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.
The figures are counted, not predicted. They describe the group, not ABSOLUTE@CONSTRUCT.
In July 2024, 4,107 companies had the same profile as ABSOLUTE@CONSTRUCT has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
Small
10 to 20 years old
solvency 10 to 30%
a profit under 5% of the balance sheet
98.0%was still going
0.9%stopped otherwise
1.0%went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ABSOLUTE@CONSTRUCT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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.
The companies in ten equal groups, from the lowest to the highest expected share
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 4,107 companies, not a prediction for ABSOLUTE@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.
Many board changes in a short time are a reason to keep a close eye on the company.
Act of 21-10-20261 director appointed, 1 director resigningResignation: Van Havermaet bedrijfsrevisoren BV (statutory auditor) · Appointment: VGD BEDRIJFSREVISOREN (statutory auditor) · Permanent representative: Tina Burm
Director · since 04-06-2026 · term without a fixed end · Public limited company · permanent representative: WAUTERS Frederik Luc · also on the board of 7 other companies · listed in the 2025 annual accounts, filed on 12-08-2026
Current
Permanent representatives 1
FL
WAUTERS Frederik Luc
Permanent representative · appointed in the act of 07-07-2026 · for A.M. Group
Each bar is one period in a function, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
Permanent representative: WAUTERS Frederik Luc · Amendment of the articles · Power of attorney9 points ▸
General meeting, 04-06-2026
Other provision, “bepalingen betreffende de overdracht van aandelen,het bestuur(bevoegdheden,externe vertegenwoordiging en invoeren mogelijkheid dagelijks bestuur),de schriftelij…” (deed in Dutch)
Amendment of the articles
Director appointment, A.M. GROUP (director)
Permanent representative, WAUTERS Frederik Luc
Power of attorney
Power of attorney, Stephanie GOETHALS
Declaration, “Verklaring van eenhoofdigheid, aandacht gevestigd op verplichting” (deed in Dutch)
Other provision, “alle aandelen in één hand verenigd, eenhoofdigheid” (deed in Dutch)
Director reappointment, RAMBOER & BEDDELEEM (director)
Permanent representative, RAMBOER Kris
Registered office clause, “8800 Roeselare,Onledebeekstraat 15” (deed in Dutch)
Other provision, “eenhoofdigheid, artikel 2:8,§4 WVV” (deed in Dutch)
Other provision, “besluitvorming door enige aandeelhouder” (deed in Dutch)
General meeting, 27-12-2023
Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm van besloten vennootschap(afgekort BV)behouden” (deed in Dutch)
Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, aangelegde rekening opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 7 November 2011, ABSOLUTE@CONSTRUCT was incorporated.1Total assets went from €750,818 in 2018 to €971,883 in 2025 and headcount from 32.6 to 26.3 full-time equivalents.2
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“1. 2, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland”
Establishment unitsABSOLUTE@CONSTRUCT, Gistelse Steenweg 1, 8200 Brugge since 15-11-2011 · unit number 2.203.951.153
ABSOLUTE@CONSTRUCT, Onledebeekstraat 15, 8800 Roeselare since 01-07-2014 · unit number 2.232.970.979
ABSOLUTE@CONSTRUCT, Iepersestraat 34, 8800 Roeselare since 01-10-2015 · unit number 2.245.591.867
Absolute@construct., Meensesteenweg(Kor) 385-389, 8500 Kortrijk since 01-09-2016 · unit number 2.256.253.454
ABSOLUTE@CONSTRUCT, Poststraat 1, 8400 Oostende since 01-12-2017 · unit number 2.271.323.393
ABSOLUTE@CONSTRUCT, Zeelaan 7, 9900 Eeklo since 15-09-2018 · unit number 2.279.282.046
Show 1 more unit
Absolute@construct, Hundelgemsesteenweg 147, 9050 Gent since 11-05-2020 · unit number 2.301.283.329
Activities
NACEBEL 2025
VAT activities
78200Temporary employment agencies and other provision of personnelmain activity
70200Business and other management consultancy
72200Scientific research and development
73300Public relations and communication consultancy
78100Employment placement agencies
Social security (RSZ) activities
78200Temporary employment agencies and other provision of personnelmain activity
Codes under NACEBEL 2008
VAT activities
78200Employment activitiesmain activity
70210Activities of head offices; management consultancy activities
70220Business consulting
72200Scientific research and development
78100Employment placement agencies
Social security (RSZ) activities
78200Employment activitiesmain activity
Joint committee124 Paritair Comité voor het bouwbedrijf annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“1/De exploitatie van een uitzendkantoor en de tijdelijke tewerkstelling van uitzendkrachten bij gebruikers die actief zijn in de bouwsector…”
11 activities
1/De exploitatie van een uitzendkantoor en de tijdelijke tewerkstelling van uitzendkrachten bij gebruikers die actief zijn in de bouwsector
2/Alle vormen van arbeidsbemiddeling in de breedste zin van het woord,zoals,maar niet beperkt tot werving en selectie,outplacement,advies,screening,testing,en zo verder,alsmede andere(commerciële)activiteiten zoals onder meer opleiding,onderaannemingsactiviteiten en projectbureau.
3/Het verlenen van advies,bijstand en opleiding op het vlak van personeelsbeleid en human ressources beleid,in de ruimste zin,en het uitvoeren van alle opdrachten onder de vorm van studies,expertises,technische handelingen en raadgevingen of andere op eender welk vlak binnen het voorwerp.
4/Het verstrekken van operationeel en intellectueel advies betreffende de commerciële organisatie en uitbating van productiebedrijven of dienstverlenende ondernemingen en advies naar uitzendkantoren,selectiekantoren en aanverwante sectoren.
De vennootschap mag investeringen en beleggingen uitvoeren(zoals ondermeer de aankoop,de verhuring en de oprichting van roerende en onroerende goederen)met het oog op het verlonen van haar bestuurder(s)in geld en/of in natura.
Bijkomend mag de vennootschap haar eigen vermogen als normaal en zorgvuldig persoon beleggen,daaronder begrepen het beleggen in aandelen,obligaties,kasbons of andere roerende waarden en effecten,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen,alsook in onroerend goed.
A/Het verwerven,door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden en effecten,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen met gelijk of aanverwant voorwerp
B/Het bevorderen van de oprichting van vennootschappen met gelijk of aanverwant voorwerp door inbreng,participatie of investering
C/Het optreden als tussenpersoon bij onderhandelingen door gehele of gedeeltelijke overname van aandelen van vennootschappen met gelijk of aanverwant voorwerp;in de meest ruime betekenis,het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening,waarborgplaatsing,verhandeling of anderszins,alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille- of kapitaalbestuur en beleggingen van allerlei aard
D/Het deelnemen in en het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies in andere vennootschappen of ondernemingen met gelijke of aanverwant voorwerp
E/Het toestaan of opnemen van leningen en kredietopeningen al dan niet onder hypothecair verband en het verstrekken van zekerheden ook voor schulden van derden,alsmede het zich hoofdelijk of als borg mede verbinden van aval verlenen voor die schulden