Equity
€47,050 from €82,839 in 2023
Equity fell by 43% in 1 year.
ACH CONSTRUCT
Overview
Information for creditors
In bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 2 March 2026 · trustee Catherine Herinckx · claim deadline passed on 1 April 2026
How to file a late claimThe procedure
- Court
- French-language Enterprise Court of Brussels
- Supervising judge
- Laurent Nys
- Official Gazette
- 09-03-2026search the document for 2026/109557
Deadlines
- Appeal or third-party opposition
- passed on 24 March 2026art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 1 April 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 April 2026art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 2 March 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Catherine HerinckxAvenue Du Congo 1, 1050 Ixellescatherine.herinckx@bereflex.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 2 March 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Lifetime
7 annual accounts with figures on one time axisGross marginpeak €137,119 (2019)
€2,509▼ 96.5%
Resultlowest -€35,789 (2024)
-€35,789▼ €54,984
Equitypeak €82,839 (2023)
€47,050▼ 43.2%
Debts
€109,416▲ 39.6%
Staffpeak 2.2 FTE (2021)
-not published
Board1 name since 2018
1 directorOguz Mehmet
Documentsfilings and deeds
26-08-202526 days late
2024micro format
Gross margin from €70,952 to €2,509Loss of €35,789Equity from €82,839 to €47,050Debts from €78,405 to €109,416Cash from €3,038 to €7,748
Key points
from the 2024 annual accounts, the last ones filedResult
-€35,789 -€35,789
From profit to loss in 2024, after a profit of €19,195 in 2023.
At the same address
2 companies
MANUEL KESLER came to this address 15 days after the ruling.
No score
Recent changes
SPEEDTAX at this address
MANUEL KESLER at this address
Address struck
effective 28-02-2026 · KBO administration
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 02-03-2026 · Bankruptcy
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 02-03-2026
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.277.674.024since 29-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 28-03-2025
Annual accounts 2024
- Gross margin
- €2,509▼ 96.5%
- Turnover
- ≈ €30,000estimated
- Loss
- €35,789
- Equity
- €47,050▼ 43.2%
- Total assets
- €156,466▼ 3.0%
- Staff
- ≈ 0.8 FTEestimated
- Filing
- Filed on 26-08-2025
Insights on ACH CONSTRUCT
Equity fell from €82,839 in 2023 to €47,050 in 2024, while debts rose from €78,405 to €109,416.
On 2 March 2026 the court declared ACH CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 26-08-2025, 26 days lateGross margin
€2,509
▼ 96.5%
Operating result
-€36,408
▼ €61,863
Loss
-€35,789
▼ €54,984
Working capital
€37,552
▼ 46.1%
Solvency
30.1%
▼ 21.3 percentage points
Current ratio
1.34
▼ 0.55
The turnover shown is an estimate from the gross margin.
Turnover ≈ €30,000. Estimated: probably between €16,000 and €55,000.
Balance sheet
balance sheet total €156,466 on 31-12-2024What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Position in the sector
Solvency30.1%
Higher than 37% of 9,837 companies in 2024.
Current ratio1.34
Higher than 38% of 9,555 companies in 2024.
Return on assets-22.9%
Higher than 8% of 9,648 companies in 2024.
ACH CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
Total assets20/58 |
156,466 | 161,243 | 106,541 | 97,049 | 107,770 | 67,699 | 23,829 | |
Fixed assets21/28 |
9,497 | 13,131 | 15,765 | 1,100 | 1,100 | 1,100 | - | |
Tangible fixed assets22/27 |
7,397 | 11,031 | 14,665 | - | - | - | - | |
Furniture and vehicles24 |
7,397 | 11,031 | 14,665 | - | - | - | - | |
Financial fixed assets28 |
2,100 | 2,100 | 1,100 | 1,100 | 1,100 | 1,100 | - | |
Current assets29/58 |
146,969 | 148,112 | 90,776 | 95,949 | 106,670 | 66,599 | 23,829 | |
Amounts receivable within one year40/41 |
138,785 | 145,065 | 90,772 | 94,702 | 101,393 | 66,403 | 23,475 | |
Trade receivables40 |
129,217 | 98,635 | 49,528 | 49,518 | 27,122 | 38,296 | 4,651 | |
Other amounts receivable41 |
9,568 | 46,430 | 41,243 | 45,185 | 74,271 | 28,106 | 18,824 | |
Cash at bank and in hand54/58 |
7,748 | 3,038 | 4 | 1,247 | 5,277 | 196 | 354 | |
Deferred charges and accrued income490/1 |
436 | 9 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
Total equity and liabilities10/49 |
156,466 | 161,243 | 106,541 | 97,049 | 107,770 | 67,699 | 23,829 | |
Equity10/15 |
47,050 | 82,839 | 63,644 | 58,589 | 44,932 | 32,044 | 13,576 | |
Contributions10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 8,500 | |
Issued capital100 |
- | - | - | - | - | 18,600 | 18,600 | |
Uncalled capital101 |
- | - | - | - | - | - | 10,100 | |
Contributions outside capital11 |
18,600 | 18,600 | - | - | 18,600 | - | - | |
Other1109/19 |
18,600 | 18,600 | - | - | 18,600 | - | - | |
Profit (loss) carried forward14 |
28,450 | 64,239 | 45,044 | 39,989 | 26,332 | 13,444 | 5,076 | |
Amounts payable17/49 |
109,416 | 78,405 | 42,898 | 38,461 | 62,838 | 35,655 | 10,253 | |
Amounts payable within one year42/48 |
109,416 | 78,405 | 42,898 | 38,461 | 31,030 | 35,655 | 10,253 | |
Current portion of amounts payable after more than one year42 |
- | 8,000 | - | - | - | - | - | |
Financial debts43 |
- | - | 14 | - | - | - | - | |
Credit institutions430/8 |
- | - | 14 | - | - | - | - | |
Trade debts44 |
85,086 | 61,882 | 27,598 | 30,544 | 8,778 | 3,936 | 10,253 | |
Suppliers440/4 |
85,086 | 61,882 | 27,598 | 30,544 | 8,778 | 3,936 | 10,253 | |
Taxes, remuneration and social security45 |
13,821 | 8,523 | 15,286 | 7,917 | 22,252 | 31,718 | - | |
Taxes450/3 |
10,868 | 8,220 | 2,265 | 236 | 2,565 | 2,316 | - | |
Remuneration and social security454/9 |
2,953 | 303 | 13,021 | 7,681 | 19,686 | 29,403 | - | |
Other amounts payable47/48 |
10,509 | - | - | - | - | - | - | |
Accrued charges and deferred income492/3 |
- | - | - | - | 31,808 | - | - | |
| Income statement | ||||||||
Non-recurring operating income76A |
- | - | - | - | 18 | 1,296 | - | |
Gross operating margin9900 |
2,509 | 70,952 | 88,471 | 132,544 | 47,350 | 137,119 | 5,429 | |
Remuneration, social security and pensions62 |
34,113 | 38,021 | 75,446 | 53,423 | 31,246 | 126,829 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
3,634 | 3,634 | 3,505 | - | - | - | - | |
Other operating charges640/8 |
1,170 | 3,843 | - | 5,586 | - | 1,040 | 353 | |
Non-recurring operating charges66A |
- | - | 872 | 250 | 2,864 | 708 | - | |
Operating profit (loss)9901 |
-36,408 | 25,455 | 8,648 | 73,285 | 13,240 | 8,541 | 5,076 | |
Financial income75/76B |
1,503 | 2,438 | - | 17 | - | - | - | |
Recurring financial income75 |
1,503 | 2,438 | - | 17 | - | - | - | |
Financial charges65/66B |
876 | 478 | 1,328 | 59,645 | 352 | 173 | - | |
Recurring financial charges65 |
876 | 478 | 1,328 | 59,645 | 352 | 173 | - | |
Profit (loss) for the period before taxes9903 |
-35,781 | 27,415 | 7,320 | 13,657 | 12,888 | 8,368 | 5,076 | |
Income taxes67/77 |
8 | 8,220 | 2,265 | - | - | - | - | |
Profit (loss) for the period9904 |
-35,789 | 19,195 | 5,055 | 13,657 | 12,888 | 8,368 | 5,076 | |
Profit (loss) for the period to be appropriated9905 |
-35,789 | 19,195 | 5,055 | 13,657 | 12,888 | 8,368 | 5,076 | |
| Appropriation of the result | ||||||||
Profit (loss) to be appropriated9906 |
28,450 | 64,239 | 45,044 | 39,989 | 26,332 | 13,444 | 5,076 | |
Profit (loss) brought forward from the previous period14P |
64,239 | 45,044 | 39,989 | 26,332 | - | - | - | |
| Social balance sheet | ||||||||
Average staff (FTE)9087 |
- | - | - | 2.2 | 1.3 | - | - | |
Hours worked1013 |
- | - | - | 2,313 | 901 | - | - | |
| Document | ||||||||
The notes to these accounts have 4 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 2024 (PDF), filed on 26-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 26 days after the deadline. Filed on 26 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00401879.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 26-08-2025 | 2025-00401879 | |
| 31-12-2023 | micro format | 02-08-2024 | 2024-00326084 | |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00311718 | |
| 31-12-2021 | full format | 24-11-2022 | 2022-20525786 | |
| 31-12-2020 | full format | 09-09-2021 | 2021-67300172 | |
| 31-12-2019 | full format | 13-08-2020 | 2020-41100151 | |
| 31-12-2018 | full format | 19-09-2019 | 2019-65000120 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| EBITDA | -32,774 | 29,089 | 12,152 | - | - | - | - | |
| Cash flow | -32,155 | 22,829 | 8,559 | - | - | - | - | |
| Investment in fixed assets (approximation) | 0 | 1,000 | 18,170 | - | - | 1,100 | - | |
| Change in cash | 4,710 | 3,033 | -1,243 | -4,030 | 5,081 | -157 | - | |
| Working capital | 37,552 | 69,707 | 47,878 | 57,489 | 75,640 | 30,944 | 13,576 | |
| Solvency | 30.1% | 51.4% | 59.7% | 60.4% | 41.7% | 47.3% | 57.0% | |
| Current ratio | 1.34 | 1.89 | 2.12 | 2.49 | 3.44 | 1.87 | 2.32 | |
| Debt to equity | 2.33 | 0.95 | 0.67 | 0.66 | 1.40 | 1.11 | 0.76 | |
| ROE | -76.1% | 23.2% | 7.9% | 23.3% | 28.7% | 26.1% | 37.4% | |
| ROA | -22.9% | 11.9% | 4.7% | 14.1% | 12.0% | 12.4% | 21.3% | |
| Interest coverage | -37.42 | 60.85 | 9.15 | - | - | - | - |
EBIT margin: not included in this filing.
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.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 7 |
| full-time | 3 |
| part-time | 4 |
| in full-time equivalents | 5 |
| Average over the year, in full-time equivalents | 2.2 |
| On a permanent contract | 4 |
| Joined | 12 |
| Left | 6 |
| Training hours | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €18,170 | - |
| Financial fixed assets | - | €1,000 | - | - |
| Depreciation and write-downs of the year | €3,634 | €3,634 | €3,505 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on ACH CONSTRUCT
The operating result for 2024 is a loss of €36,408, after a profit of €25,455 in 2023. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 48.6% to 69.9%. Equity is lower and debt is higher.
Board & ownership
Curator
the curator has managed the company since 02-03-2026Last board
1 directorMandates through the years
1 name, the dashed line is todayOguz Mehmet
Director
Director
BoardBankruptcy 02-03-2026
Mandates as a list
- Oguz Mehmet
- Director, from 13-06-2018, until the bankruptcy of 02-03-2026
Control
Capital
- Contribution
- €18,600
- Source
- 2024 annual accounts
Network & group
No group
ACH CONSTRUCT has no parent and no holdings in its annual accounts. Oguz Mehmet is the only director. ACH CONSTRUCT shares no director with another company.
At the same address
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total assets €869,696 (2024) 0536.810.272 |
| REAL DEAL INVEST
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total assets €645,328 (2024) 0800.868.127 |
Timeline
Timeline
17 events since 2018Filings
Financial
Establishments
Insolvency
Address
20182020202220242026
2026
SPEEDTAX at this address Registered office
MANUEL KESLER at this address Registered office
Address struck effective 28-02-2026
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 02-03-2026
2024
Weakest financial year net -€35,789 The net result drops to -€35,789, the lowest from 2018 to 2024.
Annual accounts 2023 filed PDFmicro format · 2 days late
2023
Highest result from 2018 to 2024 net €19,195 ▲280% The net result of €19,195 is the highest of those years.
Registered office moved from Schaerbeek to BrusselsNew registered office: Rue Arthur Maes n°100 bte 217 à 1130 Bruxelles · Previous registered office: Rue Godefroid Devreese 56 (1030 Schaerbeek)1 point ▸
- Registered-office move, Rue Arthur Maes n°100 bte 217 à 1130 Bruxelles
- The deed holds 1 more point.
Annual accounts 2022 filed PDFmicro format · 2 days late
2022
Annual accounts 2021 filed PDFfull format · 116 days late
2021
Annual accounts 2020 filed PDFfull format · 40 days late
2020
Annual accounts 2019 filed PDFfull format · 13 days late
2019
Annual accounts 2018 filed PDFfull format · 50 days late
2018
Incorporation PDF4 publications in the Belgian Official Gazette, the last on 03-11-2023 · published on 03-04-2018
First establishment
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0693.760.628
- VAT number
- BE 0693.760.628
- Peppol ID
- 0208:0693760628
- Other Peppol ID
- 9925:BE0693760628
- Legal form
- Private limited company (pre-2019)
- Status
- In bankruptcy, since 02-03-2026
- Founded
- 29-03-2018
- Financial year
- ends on 31 December
- Peppol
- Listed since 28-03-2025The listing only disappears when the Peppol service provider removes it.
- Name
- ACH CONSTRUCT in French
- Entity type
- Legal entity
Activities
NACEBEL 202541001
General construction of residential buildings main activity
41002
General construction of office buildings
41003
General construction of other non-residential buildings
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| ACH CONSTRUCT 16230 Manufacture of other builders' carpentry and joinery | 29-03-2018 | 2.277.674.024 |
1 former office
- Rue Godefroid Devreese 56 (, 1030 Schaerbeek) until the deed of 03-11-2023
Buildings and parcels at the address
- Ground area
- 3,627 m²
- Buildings
- 2,163 m²
- Volume, LiDAR
- 17,347 m³
- Tallest building
- 16.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21821C0148/00P000 | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 |