ABSTRUCT
ActiveSummary
ABSTRUCT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141,959 and a net result of €13,094. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+4
Solvency73▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.6 in 2023; short-term debt: 50.8% and cash: 56.9% of total assets), and 52% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
57 d early
2022
59 d early
2021
45 d early
2020
50 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 oldest company in Holsbeek, Construction sector
Equity
€141,959▲ 10.2%
2023 · €128,865
Total assets
€295,559▲ 15.3%
2023 · €256,257
Net result
€13,094▲ 418%
2023 · €2,527
Working capital
€24,887▼ 67.0%
2023 · €75,387
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€35,352▲ 198%€22,213▼ 37.2%€24,057▲ 8.3%€6,441▼ 73.2%€22,349▲ 247%
Net result€24,983within the sector's middle half▲ 199%€16,994within the sector's middle half▼ 32.0%€16,537within the sector's middle half▼ 2.7%€2,527within the sector's middle half▼ 84.7%€13,094within the sector's middle half▲ 418%
Equity€244,391above the sector's middle half▲ 11.4%€261,386above the sector's middle half▲ 7.0%€205,088above the sector's middle half▼ 21.5%€128,865within the sector's middle half▼ 37.2%€141,959above the sector's middle half▲ 10.2%
Total assets€297,131above the sector's middle half▲ 9.2%€331,597above the sector's middle half▲ 11.6%€341,886above the sector's middle half▲ 3.1%€256,257within the sector's middle half▼ 25.0%€295,559within the sector's middle half▲ 15.3%
Debt€52,740▼ 0.1%€70,212▲ 33.1%€136,798▲ 94.8%€127,391▼ 6.9%€153,600▲ 20.6%
Working capital€223,610above the sector's middle half▲ 21.0%€208,944above the sector's middle half▼ 6.6%€157,239above the sector's middle half▼ 24.7%€75,387within the sector's middle half▼ 52.1%€24,887within the sector's middle half▼ 67.0%
Solvency82.3%above the sector's middle half▲ 1.6pp78.8%above the sector's middle half▼ 3.4pp60.0%within the sector's middle half▼ 18.8pp50.3%within the sector's middle half▼ 9.7pp48.0%within the sector's middle half▼ 2.3pp
Current ratio6.05above the sector's middle half▲ 0.304.11above the sector's middle half▼ 1.952.16within the sector's middle half▼ 1.951.60within the sector's middle half▼ 0.551.17within the sector's middle half▼ 0.44
Return on assets (ROA)8.4%within the sector's middle half▲ 5.3pp5.1%within the sector's middle half▼ 3.3pp4.8%within the sector's middle half▼ 0.3pp1.0%within the sector's middle half▼ 3.9pp4.4%within the sector's middle half▲ 3.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result recovers in 2024; 2024 is 247% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €295,559
Fixed assets
€120,654 ▲ 115%
Current assets
€174,905 ▼ 12.7%
Equity and liabilities €295,559
Equity
€141,959 ▲ 10.2%
Debt
€153,600 ▲ 20.6%
Debt's share of the balance-sheet total rises from 49.7% to 52.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,173▲
2023 · €28,132
Cash flow
€33,918▲
2023 · €24,218
Quick ratio
1.15▼
2023 · 1.58
Debt to equity
1.08▲
2023 · 0.99
ROE
9.2%▲
2023 · 2.0%
Interest coverage
11.69▲
2023 · 10.53
Debt ≤ 1 year
€150,018▲
2023 · €124,848
Income taxes
€5,844▲
2023 · €1,608
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 17,027 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,000 | €4,793 | €20,000 | ▲ 317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,900 | €16,241 | €20,520 | €21,691 | €20,824 | ▼ 4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€23,887 | - | - | - | - |
| Other operating charges640/8 | - | €880 | €882 | €1,244 | €992 | ▼ 20.2% |
| Non-recurring operating charges66A | - | €174 | €595 | €507 | €346 | ▼ 31.9% |
| Gross operating margin9900 | €81,313 | €15,622 | €46,056 | €29,883 | €44,511 | ▲ 49.0% |
| Operating profit (loss)9901 | €35,352 | €22,213 | €24,057 | €6,441 | €22,349 | ▲ 247% |
| Financial income75/76B | - | €313 | €552 | €365 | €281 | ▼ 23.1% |
| Recurring financial income75 | €300 | €313 | €552 | €365 | €281 | ▼ 23.1% |
| Financial charges65/66B | - | €1,342 | €1,421 | €2,671 | €3,692 | ▲ 38.3% |
| Recurring financial charges65 | €1,230 | €1,342 | €1,421 | €2,671 | €3,692 | ▲ 38.3% |
| Profit (loss) for the period before taxes9903 | €34,422 | €21,184 | €23,189 | €4,136 | €18,938 | ▲ 358% |
| Income taxes67/77 | €9,439 | €4,190 | €6,653 | €1,608 | €5,844 | ▲ 263% |
| Profit (loss) for the period9904 | €24,983 | €16,994 | €16,537 | €2,527 | €13,094 | ▲ 418% |
| Profit (loss) for the period to be appropriated9905 | €24,983 | €16,994 | €16,537 | €2,527 | €13,094 | ▲ 418% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297,131 | €331,597 | €341,886 | €256,257 | €295,559 | ▲ 15.3% |
| Fixed assets21/28 | €29,283 | €55,456 | €48,733 | €56,022 | €120,654 | ▲ 115% |
| Tangible fixed assets22/27 | €29,283 | €55,456 | €48,733 | €56,022 | €120,654 | ▲ 115% |
| Plant, machinery and equipment23 | - | €44,524 | €43,072 | €30,539 | €21,840 | ▼ 28.5% |
| Furniture and vehicles24 | - | €10,932 | €5,662 | €25,484 | €98,814 | ▲ 288% |
| Current assets29/58 | €267,849 | €276,141 | €293,152 | €200,234 | €174,905 | ▼ 12.7% |
| Stocks and contracts in progress3 | €4,869 | €2,542 | €3,271 | €2,428 | €2,428 | = |
| Stocks30/36 | - | €2,542 | €3,271 | €2,428 | €2,428 | = |
| Amounts receivable within one year40/41 | €36,639 | €2,949 | €47,679 | €87,769 | - | - |
| Trade receivables40 | - | €2,389 | €40,570 | €86,422 | - | - |
| Other amounts receivable41 | - | €561 | €7,109 | €1,347 | - | - |
| Cash at bank and in hand54/58 | €223,519 | €268,203 | €239,810 | €107,402 | €168,313 | ▲ 56.7% |
| Deferred charges and accrued income490/1 | - | €2,447 | €2,391 | €2,634 | €4,164 | ▲ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297,131 | €331,597 | €341,886 | €256,257 | €295,559 | ▲ 15.3% |
| Equity10/15 | €244,391 | €261,386 | €205,088 | €128,865 | €141,959 | ▲ 10.2% |
| Contributions10/11 | - | €97,342 | €97,342 | €18,592 | €18,592 | = |
| Reserves13 | €141,218 | €158,168 | €101,834 | €104,334 | €117,334 | ▲ 12.5% |
| Non-distributable reserves130/1 | - | €9,734 | €9,734 | - | - | - |
| Reserves not available under the articles1311 | - | €9,734 | €9,734 | - | - | - |
| Distributable reserves133 | - | €148,434 | €92,100 | €104,334 | €117,334 | ▲ 12.5% |
| Profit (loss) carried forward14 | €5,831 | €5,875 | €5,912 | €5,939 | €6,033 | ▲ 1.6% |
| Amounts payable17/49 | €52,740 | €70,212 | €136,798 | €127,391 | €153,600 | ▲ 20.6% |
| Amounts payable after more than one year17 | €7,911 | €2,345 | - | - | - | - |
| Financial debts170/4 | - | €2,345 | - | - | - | - |
| Amounts payable within one year42/48 | €44,239 | €67,197 | €135,913 | €124,848 | €150,018 | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €5,566 | €2,345 | - | - | - |
| Trade debts44 | €7,964 | €24,745 | €22,956 | €3,404 | €7,679 | ▲ 126% |
| Suppliers440/4 | - | €24,745 | €22,956 | €3,404 | €7,679 | ▲ 126% |
| Taxes, remuneration and social security45 | - | €10,361 | €5,869 | €4,122 | €20,855 | ▲ 406% |
| Taxes450/3 | - | €9,061 | €4,569 | €2,822 | €19,555 | ▲ 593% |
| Remuneration and social security454/9 | - | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Other amounts payable47/48 | - | €26,525 | €104,744 | €117,322 | €121,483 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | €670 | €884 | €2,543 | €3,582 | ▲ 40.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,983 | €16,994 | €16,537 | €2,527 | €13,094 | ▲ 418% |
| + Depreciation and write-downs630 | €20,900 | €16,241 | €20,520 | €21,691 | €20,824 | ▼ 4.0% |
| Operating cash flow (approximation) | €45,883 | €33,235 | €37,057 | €24,218 | €33,918 | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | -€42,414 | -€13,798 | -€28,980 | -€85,456 | ▼ 195% |
| Change in cash | - | €44,685 | -€28,393 | -€132,408 | €60,910 | ▲ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24,983 ▲199%
Operating result €35,352, net result €24,983, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Holsbeek · 1 establishment unit since 2002
Ground area
2,540 m²
Building footprint
414 m²
Volume, LiDAR
1,709 m³
Parcel 24080D0328/00M000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ABSTRUCT
since 20022.087.253.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24080D0328/00M000 | Flanders | 2,540 m² | 1 · 414 m² | 7.9 m · 1 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.
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ZELI CONSULT
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ROTAVER
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 504 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
Founded07-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463337029
Also
9925:BE0463337029
Registered
09-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.