ACH CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for ACH CONSTRUCT according to publications in the Belgian State Gazette; curator: Catherine HERINCKX. The 2024 annual accounts show equity of €47k and a net result of €-36k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
2 d late
2022
2 d late
2021
116 d late
2020
40 d late
2019
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-36k
2023 · €19k
2018: €5k
2019: €8k
2020: €13k
2021: €14k
2022: €5k
2023: €19k
2018 → 2024
Working capital
€38k▼ 46.1%
2023 · €70k
2018: €14k
2019: €31k
2020: €76k
2021: €57k
2022: €48k
2023: €70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€59k▲ 30.4%€64k▲ 8.6%€83k▲ 30.2%€47k▼ 43.2%
Operating result€13k-€73k▲ 454%€9k▼ 88.2%€25k▲ 194%€-36k
Net result€13k-€14k▲ 6.0%€5k▼ 63.0%€19k▲ 280%€-36k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €36k after €25k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156k
Fixed assets
€9k▼ 27.7%
Current assets
€147k▼ 0.8%
Equity and liabilities €156k
Equity
€47k▼ 43.2%
Debt
€109k▲ 39.6%
The debt ratio rises from 48.6% to 69.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-33k▼
2023 · €29k
Cash flow
€-32k▼
2023 · €23k
Solvency
30.1%▼
2023 · 51.4%
Current ratio
1.34▼
2023 · 1.89
Quick ratio
1.34▼
2023 · 1.89
Debt / equity
2.33▲
2023 · 0.95
ROE
-76.1%▼
2023 · 23.2%
ROA
-22.9%▼
2023 · 11.9%
Interest coverage
-37.42▼
2023 · 60.85
Debt
€109k▲
2023 · €78k
Debt ≤ 1 year
€109k▲
2023 · €78k
Income taxes
€8▼
2023 · €8k
Staff costs
€34k▼
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€161k€156k▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€11k€7k▼
Financial fixed assets28€2k€2k=
Current assets29/58€148k€147k▼
Amounts receivable within one year40/41€145k€139k▼
Trade receivables40€99k€129k▲
Other amounts receivable41€46k€10k▼
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€9€436▲
Equity and liabilities
Total equity and liabilities10/49€161k€156k▼
Equity10/15€83k€47k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€64k€28k▼
Amounts payable17/49€78k€109k▲
Amounts payable within one year42/48€78k€109k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€62k€85k▲
Suppliers440/4€62k€85k▲
Taxes, remuneration and social security45€9k€14k▲
Taxes450/3€8k€11k▲
Remuneration and social security454/9€303€3k▲
Other amounts payable47/48-€11k
Income statement
Code20232024
Remuneration, social security and pensions62€38k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€4k€1k▼
Gross operating margin9900€71k€3k▼
Operating profit (loss)9901€25k€-36k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€478€876▲
Recurring financial charges65€478€876▲
Profit (loss) for the period before taxes9903€27k€-36k▼
Income taxes67/77€8k€8▼
Profit (loss) for the period9904€19k€-36k▼
Profit (loss) for the period to be appropriated9905€19k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€28k▼
Profit (loss) brought forward from the previous period14P€45k€64k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL ACH CONSTRUCT RUE ARTHUR MAES 100/217, 1130 HAREN · event 02-03-2026
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-36k ▼286%
Net result drops to €-36k, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €19k ▲280%
Net result €19k, the highest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 116 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 50 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
3,627 m²
Building footprint
2,163 m²
Volume, LiDAR
17,347 m³
Parcel 21821C0148/00P000, Brussels · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ACH CONSTRUCT
since 20182.277.674.024
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
02-03-2026 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.