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ALconstruct.m

Active
Private limited companyfounded 20251 yr activeNieuwenhovestraat 66, 8790 Waregem, BelgiumKBO/BCE: BE 1025.776.978
Summary

The computed 12-month bankruptcy probability of ALconstruct.m is 1.5% (moderate). The 2025 annual accounts show equity of €13,443 and a net result of €8,443. Its solvency ranks better than 19% of 7564 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability78
Solvency36
Growth-
Track record67
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.01; short-term debt: 39.8% and cash: 27.6% of total assets), and 88.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
11.4%
Return on assets
7.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7564 sector peers (2025).
NBB · sector comparison
Position among 7564 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-11-2025, 153 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
153 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

On 23 July 2025, ALconstruct.m was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€13,443
Total assets
€117,926
Net result
€8,443
Working capital
€700

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €117,926
Fixed assets €70,294
Current assets €47,632
Equity and liabilities €117,926
Equity €13,443
Debt €104,482
Debt finances 88.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€12,028
Cash flow
€9,851
Current ratio
1.01
Debt to equity
7.77
ROE
62.8%
ROA
7.2%
Interest coverage
291.38
Debt ≤ 1 year
€46,932
Debt > 1 year
€57,551
Income taxes
€2,136

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,390 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 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€117,926
Fixed assets21/28€70,294
Tangible fixed assets22/27€70,294
Furniture and vehicles24€70,294
Current assets29/58€47,632
Amounts receivable within one year40/41€15,057
Other amounts receivable41€15,057
Cash at bank and in hand54/58€32,574
Equity and liabilities
Total equity and liabilities10/49€117,926
Equity10/15€13,443
Contributions10/11€5,000
Reserves13€8,443
Distributable reserves133€8,443
Amounts payable17/49€104,482
Amounts payable after more than one year17€57,551
Financial debts170/4€57,551
Amounts payable within one year42/48€46,932
Current portion of amounts payable after more than one year42€14,151
Trade debts44€15,151
Suppliers440/4€15,151
Taxes, remuneration and social security45€5,346
Taxes450/3€5,346
Other amounts payable47/48€12,283
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,408
Other operating charges640/8€189
Gross operating margin9900€12,218
Operating profit (loss)9901€10,620
Financial charges65/66B€41
Recurring financial charges65€41
Profit (loss) for the period before taxes9903€10,579
Income taxes67/77€2,136
Profit (loss) for the period9904€8,443
Profit (loss) for the period to be appropriated9905€8,443
Appropriation of the result
Profit (loss) to be appropriated9906€8,443
Transfer to equity691/2€8,443
To other reserves6921€8,443

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,408
Other operating charges640/8€189
Gross operating margin9900€12,218
Operating profit (loss)9901€10,620
Financial charges65/66B€41
Recurring financial charges65€41
Profit (loss) for the period before taxes9903€10,579
Income taxes67/77€2,136
Profit (loss) for the period9904€8,443
Profit (loss) for the period to be appropriated9905€8,443
Line2025
Assets
Total assets20/58€117,926
Fixed assets21/28€70,294
Tangible fixed assets22/27€70,294
Furniture and vehicles24€70,294
Current assets29/58€47,632
Amounts receivable within one year40/41€15,057
Other amounts receivable41€15,057
Cash at bank and in hand54/58€32,574
Equity and liabilities
Total equity and liabilities10/49€117,926
Equity10/15€13,443
Contributions10/11€5,000
Reserves13€8,443
Distributable reserves133€8,443
Amounts payable17/49€104,482
Amounts payable after more than one year17€57,551
Financial debts170/4€57,551
Amounts payable within one year42/48€46,932
Current portion of amounts payable after more than one year42€14,151
Trade debts44€15,151
Suppliers440/4€15,151
Taxes, remuneration and social security45€5,346
Taxes450/3€5,346
Other amounts payable47/48€12,283
Line2025
Profit (loss) for the period9904€8,443
+ Depreciation and write-downs630€1,408
Operating cash flow (approximation)€9,851

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

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Timeline · acts, filings and financial milestones

2025
28-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,690 m²
Building footprint
121 m²
Parcel 34453F0123/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
ALconstruct.m
Nieuwenhovestraat 66, 8790 WaregemActivities of head offices
since 20252.376.014.010
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34453F0123/00F000 Flanders 1,690 m² 1 · 121 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,456 companies in sector 41003 we hold annual accounts for 1,055. 542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-07-2025
Fiscal year end30-09
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025776978
Also 9925:BE1025776978
Registered 22-08-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.