ACOBA CONSTRUCTIONS

Active

Public limited companyfounded 199431 yrs activeZone art. de la Rivièrette(SG) 58, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0453.964.156

ACOBA CONSTRUCTIONS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €-15k. Equity is shrinking by ~17.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 68% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▼-89

Solvency72▼-7

Growth32=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 1.71 against 2.09 in 2023; short-term debt: 50.4% and cash: 22.4% of total assets), but 53.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

46.5%

Return on assets

-5.8%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

44 d early

2023

44 d early

2022

30 d late

2021

2 d late

2020

50 d early

2019

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-15k

2023 · €79k

2018: €83k 2019: €78k 2020: €16k 2021: €5k 2022: €-53k 2023: €79k

2018 → 2024

Working capital

€93k▼ 26.1%

2023 · €126k

2018: €297k 2019: €102k 2020: €117k 2021: €80k 2022: €34k 2023: €126k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€181k-€136k▼ 24.9%€83k▼ 39.0%€155k▲ 86.1%€121k▼ 21.8%

Operating result€15k-€3k▼ 80.7%€-55k€85k€-16k

Net result€16k-€5k▼ 70.6%€-53k€79k€-15k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €16k after €85k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €260k

13.7%

86.3%

Fixed assets €36k▼ 20.2%

Current assets €224k▼ 7.3%

Equity and liabilities €260k

46.5%

53.5%

Equity €121k▼ 21.8%

Debt €139k▲ 5.4%

The debt ratio rises from 46.0% to 53.5%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-4k▼

2023 · €102k

Cash flow

€-3k▼

2023 · €96k

Solvency

46.5%▼

2023 · 54.0%

Current ratio

1.71▼

2023 · 2.09

Quick ratio

1.71▼

2023 · 2.09

Debt / equity

1.15▲

2023 · 0.85

ROE

-12.5%▼

2023 · 51.1%

ROA

-5.8%▼

2023 · 27.6%

Interest coverage

-4.47▼

2023 · 75.81

Debt

€139k▲

2023 · €132k

Debt ≤ 1 year

€131k▲

2023 · €116k

Debt > 1 year

€8k▼

2023 · €16k

Income taxes

€0▼

2023 · €6k

Staff costs

€484k▲

2023 · €454k

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€286k€260k▼

Fixed assets21/28€45k€36k▼

Tangible fixed assets22/27€30k€18k▼

Plant, machinery and equipment23€1k-

Furniture and vehicles24€29k€18k▼

Financial fixed assets28€14k€18k▲

Current assets29/58€242k€224k▼

Amounts receivable within one year40/41€2k€145k▲

Trade receivables40€2k€144k▲

Other amounts receivable41€52€1k▲

Cash at bank and in hand54/58€222k€58k▼

Deferred charges and accrued income490/1€17k€21k▲

Equity and liabilities

Total equity and liabilities10/49€286k€260k▼

Equity10/15€155k€121k▼

Contributions10/11€100k€100k=

Capital10€100k€100k=

Issued capital100€100k€100k=

Reserves13€36k€36k=

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k€10k=

Distributable reserves133€26k€26k=

Profit (loss) carried forward14€19k€-15k▼

Amounts payable17/49€132k€139k▲

Amounts payable after more than one year17€16k€8k▼

Financial debts170/4€16k€8k▼

Amounts payable within one year42/48€116k€131k▲

Current portion of amounts payable after more than one year42€12k€8k▼

Trade debts44€43k€101k▲

Suppliers440/4€43k€101k▲

Advances received on contracts in progress46€8k-

Taxes, remuneration and social security45€45k€22k▼

Taxes450/3€11k€6k▼

Remuneration and social security454/9€33k€16k▼

Other amounts payable47/48€8k-

Income statement Code20232024

Goods, raw materials, services and sundry goods60/61-€736k

Remuneration, social security and pensions62€454k€484k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€12k▼

Other operating charges640/8€3k€3k▼

Gross operating margin9900€559k€483k▼

Operating profit (loss)9901€85k€-16k▼

Financial income75/76B€1k€2k▲

Recurring financial income75€1k€2k▲

Financial charges65/66B€1k€831▼

Recurring financial charges65€1k€831▼

Profit (loss) for the period before taxes9903€85k€-15k▼

Income taxes67/77€6k€0▼

Profit (loss) for the period9904€79k€-15k▼

Profit (loss) for the period to be appropriated9905€79k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€26k€-15k▼

Profit (loss) brought forward from the previous period14P€-53k-

Profit to be distributed694/7€8k-

Directors or managers695€8k-

Social balance

Average headcount (FTE)908710.710.3▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

17-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

17-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €79k

Net result €79k after one loss-making year.

31-12

Financial Equity above €150kEq €155k ▲86.1%

Equity rises from €83k to €155k.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

31-12

Financial Weakest financial yearnet €-53k ▼1211%

Net result drops to €-53k, the lowest in the series; recovery starts the following year.

02-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 2 days late

2021

11-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

11-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

29-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

03-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Saint-Ghislain · 1 establishment unit since 1995

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.

Zone art. de la Rivièrette(SG) 587330 Saint-Ghislain

1 establishment unit

ACOBA CONSTRUCTIONS

Zone art. de la Rivièrette(SG) 58, 7330 Saint-GhislainNACE 1120002

since 19952.069.646.933

Recognitions · licences · registrations

Recognised contractor

20 categories

ACOBA CONSTRUCTIONS SA24390

category C1, class 1 · category C2, class 1 · category C5, class 1 · category D, class 4 · category D1, class 4 · category D10, class 1 · category D11, class 1 · category D14, class 1 · category D16, class 1 · category D17, class 1 · category D18, class 1 · category D4, class 1 · category D5, class 1 · category D7, class 1 · category D8, class 1 · category E, class 1 · category G, class 1 · category G3, class 1 · category G5, class 1 · category P1, class 1

decision 12-11-2024