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AIRE CONSTRUCT

Active
Private limited companyfounded 2023active for 2 yearsVictor Hugostraat 156, 1030 Schaarbeek, BelgiumKBO/BCE: BE 1003.440.551

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Annual accounts 2024 filed on 15-12-2025 PDF all 2 filings

Turnover
≈ €310,000
Estimated: probably between €210,000 and €530,000
Total assets
€162,393▲ 16×
2023 · €10,000
Net result
€65,858
Working capital
€75,858
Trend over the years

2023 to 2024, 2 financial years

The operating result for 2024 is €82,429. 2024 is the only financial year with this figure.

Total assets€162,393 2024 Equity€75,858 2024

Assets, equity and debt per financial year.

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

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for equity, total assets and solvency.

Every figure with its change against the financial year before
favourable unfavourable
Line20232024
Operating result€82,429
Net result€65,858above the sector's middle half
Equity€10,000below the sector's middle half-€75,858within the sector's middle half▲ 659%
Total assets€10,000below the sector's middle half-€162,393within the sector's middle half▲ 16×
Debt€86,536
Working capital€75,858within the sector's middle half
Solvency100.0%above the sector's middle half-46.7%within the sector's middle half▼ 53.3pp
Current ratio1.88within the sector's middle half
Return on assets (ROA)40.6%above the sector's middle half
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €162,393
Equity €75,858
Debt €86,536
Debt's share of the balance-sheet total is 53.3%.
Key figures and ratios
2024 value · change against 2023
Debt to equity
1.14
ROE
86.8%
Debt ≤ 1 year
€86,536
Income taxes
€16,501

Comparable companies

These companies have the same main activity as AIRE CONSTRUCT: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €133,000 and €201,000, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
AIRE CONSTRUCT Schaarbeek2023€162,393€75,858€82,641-€65,8582024
GJD CONSTRUCT Overijse2023€169,537€33,979€81,403-€31,2512025
4INTERIOR Laarne2023€179,485€93,407€90,126-€49,1822025
AYA PRO SRL Ans2023€143,275€41,685€82,573-€30,4962025
RAKSAN COMPANY Grimbergen2024€168,531€49,801€67,974€426,990€49,8012025
Demoen Renovaties Oostende2024€200,572€70,064€92,074-€70,1462025
AT Interior Projects Jabbeke2024€133,143€69,774€95,697-€67,7742025

They were chosen from the 2,275 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as AIRE CONSTRUCT has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of AIRE CONSTRUCT itself is higher: 3.5% within 12 months. It rests on far more data about AIRE CONSTRUCT than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the 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% 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 39,278 companies, not a prediction for AIRE 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines

Source: Annual accounts 2024 (PDF), filed on 15-12-2025.

Balance sheet Code20232024
Assets
Total assets20/58€10,000€162,393▲
Current assets29/58€10,000€162,393▲
Amounts receivable within one year40/41-€84,956
Trade receivables40-€79,393
Other amounts receivable41-€5,564
Cash at bank and in hand54/58€10,000€77,437▲
Equity and liabilities
Total equity and liabilities10/49€10,000€162,393▲
Equity10/15€10,000€75,858▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€65,858
Amounts payable17/49-€86,536
Amounts payable within one year42/48-€86,536
Trade debts44-€66,456
Suppliers440/4-€66,456
Taxes, remuneration and social security45-€16,501
Taxes450/3-€16,501
Other amounts payable47/48-€3,579
Income statement Code20232024
Other operating charges640/8-€212
Gross operating margin9900-€82,641
Operating profit (loss)9901-€82,429
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€70
Recurring financial charges65-€70
Profit (loss) for the period before taxes9903-€82,359
Income taxes67/77-€16,501
Profit (loss) for the period9904-€65,858
Profit (loss) for the period to be appropriated9905-€65,858
Appropriation of the result
Profit (loss) to be appropriated9906-€65,858

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Line20232024Change
Other operating charges640/8-€212-
Gross operating margin9900-€82,641-
Operating profit (loss)9901-€82,429-
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B-€70-
Recurring financial charges65-€70-
Profit (loss) for the period before taxes9903-€82,359-
Income taxes67/77-€16,501-
Profit (loss) for the period9904-€65,858-
Profit (loss) for the period to be appropriated9905-€65,858-
Line20232024Change
Assets
Total assets20/58€10,000€162,393▲ 16×
Current assets29/58€10,000€162,393▲ 16×
Amounts receivable within one year40/41-€84,956-
Trade receivables40-€79,393-
Other amounts receivable41-€5,564-
Cash at bank and in hand54/58€10,000€77,437▲ 674%
Equity and liabilities
Total equity and liabilities10/49€10,000€162,393▲ 16×
Equity10/15€10,000€75,858▲ 659%
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€65,858-
Amounts payable17/49-€86,536-
Amounts payable within one year42/48-€86,536-
Trade debts44-€66,456-
Suppliers440/4-€66,456-
Taxes, remuneration and social security45-€16,501-
Taxes450/3-€16,501-
Other amounts payable47/48-€3,579-
Line20232024Change
Profit (loss) for the period9904-€65,858-
Operating cash flow (approximation)-€65,858-
Change in cash-€67,437-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2024 micro format 15-12-2025 2025-00587414 PDF
31-12-2023 micro format 25-04-2025 2025-00079244 PDF

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