Losses
-€22,796 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
ACMD Construct
Lifetime
4 annual accounts with figures on one time axispeak €48,311 (2023)
€6,043▼ 32.7%
lowest -€14,498 (2025)
-€14,498▼ €6,200
peak €39,747 (2023)
€16,951▼ 46.1%
€36,381▼ 26.0%
Board1 name since 2022
1 directorBALECA Adi
Documentsfilings and deeds
13-05-202679 days before the deadline
2025micro format
Gross margin from €8,983 to €6,043Loss of €14,498Registered office moved from Leuven to Bierbeek 20-05Equity from €31,449 to €16,951Debts from €49,195 to €36,381Cash from €18,247 to €4,364
Key points
from the 2025 annual accountsTurnover
≈ €60,000 estimated
The micro format states no turnover.
Position in the sector
-€14,498
Lower net result than 90% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Checked score
51
Fair
Financially stronger than 28% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.4%▼ -0.2 percentage points vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.5%▲ +0.1 percentage points vs 02-2025
04-2025: 2.6%▲ +0.1 percentage points vs 03-2025
05-2025: 2.7%▲ +0.1 percentage points vs 04-2025
06-2025: 4.8%▲ +2.1 percentage points vs 05-2025highest value
07-2025: 1.9%▼ -2.9 percentage points vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.5%▼ -0.4 percentage points vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025lowest value
02-2026: 1.5%● unchanged vs 01-2026lowest value
03-2026: 1.5%● unchanged vs 02-2026lowest value
04-2026: 1.8%▲ +0.3 percentage points vs 03-2026
05-2026: 2.0%▲ +0.2 percentage points vs 04-2026
06-2026: 2.4%▲ +0.4 percentage points vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026
08-2026: 2.5%▲ +0.1 percentage points vs 07-2026
09-2026: 2.5%● unchanged vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2022
Loss of €14,498, the second in a row (financial year 2025)
lowers risk
Figures for financial year 2025 (filed on 19-05-2026)
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 43, micro). It does better than 33% of them on solvency, 54% on liquidity, 14% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as ACMD Construct has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ACMD Construct itself: 2.5% within 12 months.
Test of the method
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 3,223 companies, not a prediction for ACMD 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.44 (2.88 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 8.2% of total assets. However, 68.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€14,498
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
79 days early
2024
58 days early
2023
8 days early
2022
13 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 40 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 26 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BA
BALECA Adi
Director, since 08-04-2022
- BALECA Adi 100 sharesdeed of 12-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784676352
Registered office moved from Leuven to Bierbeek
New registered office: Opvelpsestraat 29 3360 Bierbeek · Previous registered office: Tervuursesteenweg 235 bus 1 3001 Leuven · General meeting of 01-05-2024 · Gazette deed
Incorporation
Founding capital of €2,000, 100 shares · Founder: BALECA Adi · published on 12-04-2022 · Gazette deed
First establishment
Opvelpsestraat 29, Bierbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ACMD Construct Bierbeek | €53,333 | €6,043 | 31.8% | - |
| QUERRIAU CARRO La Louvière | €49,648 | €6,202 | 8.5% | - |
| JRCE Construct Koekelberg | €52,465 | €6,380 | 55.2% | - |
| SYK CONSTRUCT Sint-Pieters-Leeuw | €46,032 | €5,075 | 67.7% | - |
| AGP RENOV Affligem | €53,089 | €8,847 | 34.0% | - |
| Rénovation Promotion Immobilière Sint-Genesius-Rode | €47,714 | €4,478 | -66.5% | - |
| Strubbe Ruben Zedelgem | €49,029 | €7,843 | 90.7% | - |
These companies have the same main activity as ACMD Construct: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €46,000 and €53,100, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 08-04-2022Normal situation
- Activity
- Other building finishing workNACE 43350and 5 others
- Establishment unit
- 2.330.416.1893360 Bierbeek, since 08-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2025
- €53,333▼ 33.9%
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Insights on ACMD Construct
ACMD Construct files the micro format. That format states no turnover. The gross margin fell from €22,248 in 2022 to €6,043 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ACMD Construct
- What is the company number of ACMD Construct?
- The company number of ACMD Construct is 0784.676.352. The VAT number is the same number with BE in front: BE 0784.676.352.
- Where is ACMD Construct based?
- The registered office is at Opvelpsestraat 29, 3360 Bierbeek.Company details
- What does ACMD Construct do?
- According to the KBO register, the main activity is other building finishing work (NACE 43350).
- What is the legal form of ACMD Construct?
- ACMD Construct is a private limited company (BV).
- When was ACMD Construct founded?
- ACMD Construct was founded on 08-04-2022.
- Is ACMD Construct still active?
- Yes, ACMD Construct is an active enterprise in the KBO register.
- What is the turnover of ACMD Construct?
- The turnover in financial year 2025 is ≈ €60,000. This figure is estimated from the gross margin of €6,043 and 37 comparable companies (NACE 43350). It probably lies between €35,000 and €130,000. It is a rough estimate. In financial year 2023 turnover was €527,700.Financials
- Is ACMD Construct profitable?
- In financial year 2025, ACMD Construct made a loss of €14,498.
- Where can I find the annual accounts of ACMD Construct?
- ACMD Construct filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ACMD Construct due?
- ACMD Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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