Losses
-€22,796 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
ACMD Construct
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
10-11-2026 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
- €6,043▼ 32.7%
- €14,498▲ 74.7%
- €16,951▼ 46.1%
- €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.
Financials
Annual accounts 2025
micro format, filed on 13-05-2026, 79 days before the deadline€6,043
▼ 32.7%
-€13,010
▼ €6,746
€3,607
▼ 32.2%
€2,120
▼ 35.5%
31.8%
▼ 7.2 percentage points
2.44
▼ 0.44
Money flows
no detail for 2025Balance sheet
balance sheet total €53,333 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
31.8%
Higher than 33% of 35,125 companies in 2025.
2.44
Higher than 63% of 34,499 companies in 2025.
-27.2%
Higher than 6% of 34,700 companies in 2025.
ACMD Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
53,333 | 80,643 | 93,016 | 65,798 | |
21/28 |
34,624 | 51,241 | 58,056 | 41,776 | |
21 |
- | - | 0 | 0 | |
22/27 |
34,624 | 51,241 | 58,056 | 41,776 | |
23 |
- | - | 163 | 776 | |
24 |
9,139 | 19,127 | 29,513 | 41,000 | |
25 |
25,485 | 32,115 | 28,381 | - | |
29/58 |
18,709 | 29,402 | 34,959 | 24,022 | |
40/41 |
12,099 | 8,938 | 28,085 | 19,457 | |
40 |
4,625 | - | 22,133 | 15,427 | |
41 |
7,474 | 8,938 | 5,953 | 4,029 | |
54/58 |
4,364 | 18,247 | 4,396 | 4,103 | |
490/1 |
2,246 | 2,218 | 2,478 | 462 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
53,333 | 80,643 | 93,016 | 65,798 | |
10/15 |
16,951 | 31,449 | 39,747 | 15,938 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
14 |
14,951 | 29,449 | 37,747 | 13,938 | |
17/49 |
36,381 | 49,195 | 53,269 | 49,861 | |
17 |
24,217 | 38,991 | 42,724 | 28,251 | |
170/4 |
24,217 | 38,991 | 42,724 | 28,251 | |
42/48 |
7,664 | 10,204 | 10,545 | 21,609 | |
42 |
- | - | 0 | 0 | |
44 |
6,226 | 3,593 | 3,934 | 16,802 | |
440/4 |
6,094 | 3,593 | 3,934 | 7,223 | |
441 |
132 | - | 0 | 9,579 | |
45 |
- | 6,611 | 6,611 | 4,807 | |
450/3 |
- | 6,611 | 6,611 | 4,807 | |
47/48 |
1,438 | - | - | 0 | |
492/3 |
4,500 | - | - | - | |
| Income statement | |||||
70 |
- | - | 527,700 | 122,641 | |
9900 |
6,043 | 8,983 | 48,311 | 22,248 | |
60/61 |
- | - | 479,532 | 100,637 | |
630 |
16,618 | 11,584 | 12,320 | 2,746 | |
640/8 |
2,435 | 3,663 | 1,698 | 458 | |
66A |
- | - | - | 0 | |
9901 |
-13,010 | -6,264 | 34,293 | 19,044 | |
75/76B |
10 | 68 | 2 | 2 | |
75 |
10 | 68 | 2 | 2 | |
65/66B |
1,497 | 2,101 | 1,875 | 302 | |
65 |
1,497 | 2,101 | 1,875 | 302 | |
9903 |
-14,498 | -8,298 | 32,420 | 18,744 | |
67/77 |
- | - | 8,611 | 4,806 | |
9904 |
-14,498 | -8,298 | 23,809 | 13,938 | |
9905 |
-14,498 | -8,298 | 23,809 | 13,938 | |
| Appropriation of the result | |||||
9906 |
14,951 | 29,449 | 37,747 | 13,938 | |
14P |
29,449 | 37,747 | 13,938 | - | |
| Document | |||||
The notes to these accounts have 7 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 2025 (PDF), filed on 13-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 3,607 | 5,320 | 46,613 | 21,790 | ||
| 2,120 | 3,287 | 36,129 | 16,683 | ||
| 0 | 4,769 | 28,600 | 44,522 | ||
| -13,883 | 13,850 | 293 | - | ||
| 11,045 | 19,198 | 24,414 | 2,413 | ||
| - | - | 6.5% | 15.5% | ||
| 31.8% | 39.0% | 42.7% | 24.2% | ||
| 2.44 | 2.88 | 3.32 | 1.11 | ||
| 2.15 | 1.56 | 1.34 | 3.13 | ||
| -85.5% | -26.4% | 59.9% | 87.5% | ||
| -27.2% | -10.3% | 25.6% | 21.2% | ||
| 2.41 | 2.53 | 24.86 | 72.17 | ||
| - | - | 15 days | 46 days | ||
| - | - | 3 days | 61 days |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,769 | €28,600 | €44,521 |
| Intangible fixed assets | - | - | - | €1 |
| €16,618 | €11,584 | €12,320 | €2,746 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ACMD Construct
The operating result for 2025 is a loss of €13,010, larger than the loss of €6,264 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 61.0% to 68.2%. Equity and debt are lower.
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayBALECA Adi
Director
Director
Board
Mandates as a list
- BALECA Adi
- Director, from 08-04-2022 to date
Control
Founder
BALECA Adi
This company
ACMD Construct
Equity €16,951
Loss €14,498 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €170 in 2025
- Source
- deed of 12-04-2022
Articles of association
deed of 12-04-2022 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering kan mandaat steeds beëindigen wegens wettige reden,zonder opzeggingstermijn of vertrekvergoeding”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of May at 19:00
Shareholders
At incorporation
deed of 12-04-2022 ↗
- BALECA Adi 100 shares (100%) · €2,000
Network & group
No group
ACMD Construct has no parent and no holdings in its annual accounts. BALECA Adi is the only director. ACMD Construct shares no director with another company.
Timeline
Timeline
11 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 79 days before the deadline
2025
Weakest financial year net -€14,498 The net result drops to -€14,498, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0784676352
Annual accounts 2024 filed PDFmicro format · 58 days before the deadline
Registered office moved from Leuven to BierbeekNew registered office: Opvelpsestraat 29 3360 Bierbeek · Previous registered office: Tervuursesteenweg 235 bus 1 3001 Leuven · General meeting of 01-05-20242 points ▸
- General meeting, 01-05-2024
- Registered-office move, Opvelpsestraat 29 3360 Bierbeek
2024
Annual accounts 2023 filed PDFmicro format · 8 days before the deadline
2023
Highest result from 2022 to 2025 net €23,809 ▲70.8% The operating result of €34,293 and the net result of €23,809 are both a record.
Liquidity more than doubled current ratio 3.32 The current ratio rises from 1.11 to 3.32. Short-term debt falls from €21,609 to €10,545.
Annual accounts 2022 filed PDFmicro format · 13 days before the deadline
2022
IncorporationFounding capital of €2,000, 100 shares · Founder: BALECA Adi · published on 12-04-20222 points ▸
- Founder, BALECA Adi
- Founding capital, €2,000, 100 shares
- The deed holds 1 more point.
First establishment Opvelpsestraat 29, Bierbeek
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
- 0784.676.352
- VAT number
- BE 0784.676.352
- Peppol ID
- 0208:0784676352
- Other Peppol ID
- 9925:BE0784676352
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-04-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of May at 19:00deed of 12-04-2022 (in Dutch)
- Peppol
- Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ACMD Construct in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202543350
Other building finishing work main activity
43221
Plumbing work
43310
Plastering work
43320
Joinery installation
43331
Floor and wall tiling
Codes under NACEBEL 2008
43390
Specialised construction activities main activity
43221
Plumbing
43299
Specialised construction activities
43310
Plastering work
43320
Joinery installation
43331
Floor and wall tiling
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verrichten van algemene bouwwerken; Het verrichten van renovatiewerken; Het verrichten van elektriciteitswerken aan binnen- en…”deed of 12-04-2022 (in Dutch)
25 activities
- Het verrichten van algemene bouwwerken
- Het verrichten van renovatiewerken
- Het verrichten van elektriciteitswerken aan binnen- en buitenhuisinstallaties bij particulieren en bedrijven
- Het plaatsen van vloer- en wandtegels
- Het verrichten van vloerafwerking en wandbekleding
- Het vervaardigen van schrijn- en timmerwerken
- Het installeren van verwarming,klimaatregeling,ventilatie
- Het verrichten van alle gyprocwerken
- Het verrichten van alle isolatiewerkzaamheden
- Het verrichten van alle karwei- en kluswerken
- Het verrichten van de algemene reiniging van gebouwen
- Het verrichten van alle schilderwerkzaamheden
- Het verrichten van alle dakwerkzaamheden
- Het verrichten van badkamerrenovatie
- Het behandelen van muren met vochtwerende en waterafstotende producten
- Het verrichten van overige gespecialiseerde bouwwerken/installaties (inclusief accessoires),niet eerder genoemd
- Het realiseren en/of coördineren van bouwactiviteiten
- Het beoefenen van activiteiten van werfleider en veiligheidscoördinator bij bouwwerken
- Het ontwerpen,het coördineren en/of het uitvoeren van aannemingswerken voor de aanleg en het onderhoud van diverse terreinen zoals tuinen,parken en bedrijfsterreinen,evenals voor groendaken
- Het coördineren en/of uitvoeren van renovatiewerkzaamheden
- Het verwerven,vervreemden,beheren,uitbaten,valoriseren,renoveren,verkavelen,huren en verhuren,leasen,ruilen,bouwen,doen bouwen of doen verbouwen,inrichten van onroerende goederen,evenals welkdanige onroerende transacties in de meest brede zin
- Het verhandelen van materialen en producten die rechtstreeks of onrechtstreeks verband houden met hogervermelde onroerende activiteit,import en export
- Het op om het even welke wijze verwerven,uitbaten en te gelde maken van alle intellectuele rechten,merken,modellen,tekeningen
- Het uitvoeren en/of coördineren van algemene aannemingen,het bouwen en verbouwen,het onderhoud,de uitrusting,de inrichting,de omvorming,de hernieuwing,de expertises en het reinigen en/of herstellen van alle zogenaamde onroerende goederen,parken en beplantingen
- Het aan- en verkopen,het huren en het verhuren,het beheren,het verbouwen van,inclusief het verwerven en verlenen van vruchtgebruik,opstalrecht,erfpacht en alle zakelijke of persoonlijke rechten m.b.t. onroerende goederen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Opvelpsestraat 29 registered office 3360 Bierbeek 43120 Site preparation | 08-04-2022 | 2.330.416.189 |
1 former office
- Tervuursesteenweg 235 bus 1, 3001 Leuven until the deed of 20-05-2025
Buildings and parcels at the address
- Ground area
- 338 m²
- Buildings
- 258 m²
- Volume, LiDAR
- 1,412 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24011H0251/00H003 | 338 m² | 1 · 258 m² | 9.3 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0784.676.352