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ACONSTRUCT

Active
Private limited companyfounded 2022active for 3 yearsSpinnerijstraat(Kor) 99, 8500 Kortrijk, Belgium36 active companies are registered at this addressKBO/BCE: BE 0794.466.523
Summary

ACONSTRUCT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €632,460 and a net result of €288,352. Equity is growing by about 81% per year across the filed financial years. Its solvency ranks better than 21% of 5,718 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, full format

2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420121.

Turnover
€16.2m▼ 24.3%
2024 · €21.4m
EBIT margin
2.0%▲ 1.1pp
2024 · 0.9%
Net result
€288,352▲ 6.9%
2024 · €269,844
Working capital
€280,382▼ 96.2%
2024 · €7.5m
Trend over the years

2023 to 2025, 3 financial years

The operating result has risen two years in a row; 2025 is 66% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€16.2m 2025 Operating result€0.3m 2025 Net result€0.3m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Turnover€21.4m€16.2m▼ 24.3%
Operating result€0.03m-€0.2m▲ 478%€0.3m▲ 65.9%
Net result€0.02mwithin the sector's middle half-€0.3mabove the sector's middle half▲ 1,012%€0.3mabove the sector's middle half▲ 6.9%
EBIT margin0.9%2.0%▲ 1.1pp
Equity€0.07mwithin the sector's middle half-€0.3mwithin the sector's middle half▲ 363%€0.6mwithin the sector's middle half▲ 83.8%
Total assets€0.5mbelow the sector's middle half-€9.5mabove the sector's middle half▲ 1,712%€8.0mwithin the sector's middle half▼ 16.5%
Debt€0.5m-€9.2m▲ 1,934%€7.3m▼ 20.2%
Working capital€0.1mwithin the sector's middle half-€7.5mabove the sector's middle half▲ 5,546%€0.3mwithin the sector's middle half▼ 96.2%
Solvency14.1%within the sector's middle half-3.6%below the sector's middle half▼ 10.5pp8.0%below the sector's middle half▲ 4.3pp
Current ratio1.37within the sector's middle half-4.88above the sector's middle half▲ 3.511.04within the sector's middle half▼ 3.84
Return on assets (ROA)4.6%within the sector's middle half-2.8%within the sector's middle half▼ 1.8pp3.6%within the sector's middle half▲ 0.8pp
Staff (FTE)0.4within the sector's middle half-0.1below the sector's middle half▼ 75.0%1.7within the sector's middle half▲ 1,600%
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2024 Net result +1,012% on 2023. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets €352,078 ▲ 165%
Current assets €7.6m ▼ 19.0%
Equity and liabilities €8.0m
Equity €632,460 ▲ 83.8%
Debt €7.3m ▼ 20.2%
Debt's share of the balance-sheet total falls from 96.4% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€389,503▲
2024 · €211,708
Cash flow
€347,637▲
2024 · €282,561
Debt to equity
11.58▼
2024 · 26.67
ROE
45.6%▼
2024 · 78.4%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€7.3m▲
2024 · €1.9m
Income taxes
€109,730▲
2024 · €103,137
Staff costs
€142,294▲
2024 · €3,977
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.1% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92.1% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.5m€8.0m▼
Fixed assets21/28€0.1m€0.4m▲
Tangible fixed assets22/27€0.1m€0.3m▲
Furniture and vehicles24€0.1m€0.3m▲
Financial fixed assets28-€0.04m
Other financial fixed assets284/8-€0.04m
Amounts receivable and cash guarantees285/8-€0.04m
Current assets29/58€9.4m€7.6m▼
Amounts receivable within one year40/41€8.5m€7.1m▼
Trade receivables40€0.3m€5.7m▲
Other amounts receivable41€8.2m€1.4m▼
Cash at bank and in hand54/58€0.9m€0.5m▼
Deferred charges and accrued income490/1€0.03m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€9.5m€8.0m▼
Equity10/15€0.3m€0.6m▲
Contributions10/11€0.05m€0.05m=
Reserves13€0.3m€0.6m▲
Distributable reserves133€0.3m€0.6m▲
Amounts payable17/49€9.2m€7.3m▼
Amounts payable within one year42/48€1.9m€7.3m▲
Trade debts44€1.8m€1.6m▼
Suppliers440/4€1.8m€1.6m▼
Taxes, remuneration and social security45€0.1m€0.03m▼
Taxes450/3€0.1m€0.01m▼
Remuneration and social security454/9-€0.02m
Other amounts payable47/48-€5.7m
Accrued charges and deferred income492/3€7.3m-
Income statement Code20242025
Operating income70/76A€21.5m€16.2m▼
Turnover70€21.4m€16.2m▼
Other operating income74€0.001m€0.006m▲
Operating charges60/66A€21.3m€15.9m▼
Goods for resale, raw materials and consumables60€20.2m€15.1m▼
Purchases600/8€20.2m€15.1m▼
Services and other goods61€1.1m€0.6m▼
Remuneration, social security and pensions62€0.004m€0.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.06m▲
Other operating charges640/8€425€0.008m▲
Operating profit (loss)9901€0.2m€0.3m▲
Financial income75/76B€0.2m€0.07m▼
Recurring financial income75€0.2m€0.07m▼
Income from current assets751€0.1m€0.04m▼
Other financial income752/9€0.06m€0.03m▼
Financial charges65/66B€337€0.001m▲
Recurring financial charges65€337€0.001m▲
Other financial charges652/9€337€0.001m▲
Profit (loss) for the period before taxes9903€0.4m€0.4m▲
Income taxes67/77€0.1m€0.1m▲
Taxes670/3€0.1m€0.1m▲
Profit (loss) for the period9904€0.3m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.3m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.3m▲
Transfer to equity691/2€0.3m€0.3m▲
To other reserves6921€0.3m€0.3m▲
Social balance sheet
Average headcount (FTE)90870.11.7▲

The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating income70/76A-€21.5m€16.2m▼ 24.3%
Turnover70-€21.4m€16.2m▼ 24.3%
Other operating income74-€0.001m€0.006m▲ 554%
Operating charges60/66A-€21.3m€15.9m▼ 25.1%
Goods for resale, raw materials and consumables60-€20.2m€15.1m▼ 24.9%
Purchases600/8-€20.2m€15.1m▼ 24.9%
Services and other goods61-€1.1m€0.6m▼ 47.9%
Remuneration, social security and pensions62€0.02m€0.004m€0.1m▲ 3,478%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.008m€0.01m€0.06m▲ 366%
Other operating charges640/8€0.001m€425€0.008m▲ 1,819%
Gross operating margin9900€0.07m---
Operating profit (loss)9901€0.03m€0.2m€0.3m▲ 65.9%
Financial income75/76B€58€0.2m€0.07m▼ 60.6%
Recurring financial income75€58€0.2m€0.07m▼ 60.6%
Income from current assets751-€0.1m€0.04m▼ 67.4%
Other financial income752/9-€0.06m€0.03m▼ 48.0%
Financial charges65/66B€262€337€0.001m▲ 142%
Recurring financial charges65€262€337€0.001m▲ 142%
Other financial charges652/9-€337€0.001m▲ 142%
Profit (loss) for the period before taxes9903€0.03m€0.4m€0.4m▲ 6.7%
Income taxes67/77€0.01m€0.1m€0.1m▲ 6.4%
Taxes670/3-€0.1m€0.1m▲ 6.4%
Profit (loss) for the period9904€0.02m€0.3m€0.3m▲ 6.9%
Profit (loss) for the period to be appropriated9905€0.02m€0.3m€0.3m▲ 6.9%
Line202320242025Change
Assets
Total assets20/58€0.5m€9.5m€8.0m▼ 16.5%
Fixed assets21/28€0.04m€0.1m€0.4m▲ 165%
Tangible fixed assets22/27€0.04m€0.1m€0.3m▲ 132%
Furniture and vehicles24€0.03m€0.1m€0.3m▲ 132%
Other tangible fixed assets26€0.003m---
Financial fixed assets28--€0.04m-
Other financial fixed assets284/8--€0.04m-
Amounts receivable and cash guarantees285/8--€0.04m-
Current assets29/58€0.5m€9.4m€7.6m▼ 19.0%
Amounts receivable within one year40/41€0.2m€8.5m€7.1m▼ 16.7%
Trade receivables40€0.2m€0.3m€5.7m▲ 1,683%
Other amounts receivable41-€8.2m€1.4m▼ 83.2%
Cash at bank and in hand54/58€0.2m€0.9m€0.5m▼ 41.3%
Deferred charges and accrued income490/1€214€0.03m€0.02m▼ 28.6%
Equity and liabilities
Total equity and liabilities10/49€0.5m€9.5m€8.0m▼ 16.5%
Equity10/15€0.07m€0.3m€0.6m▲ 83.8%
Contributions10/11€0.05m€0.05m€0.05m=
Reserves13€0.02m€0.3m€0.6m▲ 98.0%
Distributable reserves133€0.02m€0.3m€0.6m▲ 98.0%
Amounts payable17/49€0.5m€9.2m€7.3m▼ 20.2%
Amounts payable within one year42/48€0.4m€1.9m€7.3m▲ 281%
Trade debts44€0.3m€1.8m€1.6m▼ 10.1%
Suppliers440/4€0.3m€1.8m€1.6m▼ 10.1%
Taxes, remuneration and social security45€0.03m€0.1m€0.03m▼ 73.7%
Taxes450/3€0.03m€0.1m€0.01m▼ 91.5%
Remuneration and social security454/9--€0.02m-
Other amounts payable47/48€0.02m-€5.7m-
Accrued charges and deferred income492/3€0.1m€7.3m--
Line202320242025Change
Profit (loss) for the period9904€24,264€269,844€288,352▲ 6.9%
+ Depreciation and write-downs630€7,526€12,717€59,285▲ 366%
Operating cash flow (approximation)€31,790€282,561€347,637▲ 23.0%
Investment in fixed assets (approximation)--€108,508-€278,525▼ 157%
Change in cash-€607,962-€354,233-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 full format 17-08-2026 2026-00420121
31-12-2024 full format 11-09-2025 2025-00492907
31-12-2023 abbreviated format 14-03-2024 2024-00044218

Similar companies · same sector, comparable size

Of the 9,540 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,336. 4,427 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €134 awarded · €134 paid
Schemes
1 entry · €134 · €134 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.