Equity
€22,593 ▲ 56.5%
AM CONSTRUCT has made a profit in every financial year since 2019.
AM CONSTRUCT
Lifetime
6 annual accounts with figures on one time axispeak €97,587 (2024)
€97,587▲ 9.9%
peak €41,901 (2023)
€8,153▼ 80.5%
peak €22,593 (2024)
€22,593▲ 56.5%
€861,267▲ 394%
Board2 names since 2018
1 directorCOPPENS Alex Etienne
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Result from €41,901 to €8,153Amendment of the articles · Legal-form change · Resignations… 17-09Equity from €14,440 to €22,593Debts from €174,389 to €861,267Investments €696,049Cash from €51,041 to €123,183
Key points
from the 2024 annual accountsTurnover
≈ €370,000 estimated
The micro format states no turnover.
Debts
€861,267 97% of the balance sheet
Financial debts 60%Suppliers 16%Taxes and wages 1%Other 23%
Of this, €340,861 falls due within a year.
Investments
€696,049 20.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 40.7% higher than in 2023.
Filings
6 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
2.6%
Lower solvency than 90% of companies in specialised construction. Sector median 46.6% · 35,955 companies.
Checked score
35
Weak
Financially stronger than 43% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.9% Elevated
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 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.6%▼ -0.2 percentage points vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.5%▼ -0.1 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025lowest value
07-2025: 2.6%▲ +1.1 percentage points vs 06-2025
08-2025: 3.6%▲ +1.0 percentage point vs 07-2025
09-2025: 4.0%▲ +0.4 percentage points vs 08-2025
10-2025: 6.7%▲ +2.7 percentage points vs 09-2025
11-2025: 1.9%▼ -4.8 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.8%▼ -0.1 percentage points vs 12-2025
02-2026: 1.9%▲ +0.1 percentage points vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.4%▲ +0.5 percentage points vs 04-2026
06-2026: 2.5%▲ +0.1 percentage points vs 05-2026
07-2026: 2.7%▲ +0.2 percentage points vs 06-2026
08-2026: 3.5%▲ +0.8 percentage points vs 07-2026
09-2026: 4.0%▲ +0.5 percentage points vs 08-2026
10-2026: 6.9%▲ +2.9 percentage points vs 09-2026highest value
11-2026: 6.9%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 08-10-2025)
1 change of registered office in 24 months
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €883,860
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 9% of them on solvency, 42% on liquidity, 37% on profitability and 85% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 1,603 companies had the same profile as AM CONSTRUCT has now. Each dot stands for 5 companies, two years later.
95.9%
were still trading
1.8%
stopped another way
1.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AM CONSTRUCT itself is higher: 6.9% within 12 months. It rests on far more data about AM CONSTRUCT than the profile alone.
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 1,603 companies, not a prediction for AM 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, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.57 (0.92 in 2023), below 1. Short-term debt is 38.6% and cash 13.9% of total assets. 97.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 35955 sector peers (2024).
NBB · sector comparisonPosition among 35955 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
18 days late
2022
92 days late
2021
31 days late
2020
61 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 54 days after 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0715608095
Resignation: Alex Coppens (director)
Appointment: Manolito Waelkens (director) · General meeting of 17-10-2025 · Gazette deed
Registered office moved from Oudenaarde to Waasmunster
New registered office: Patotterijstraat 21 te 9250 Waasmunster · Previous registered office: Berchemweg 166 te 9700 Oudenaarde · General meeting of 15-12-2024 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
General meeting of 04-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AM CONSTRUCT Waasmunster | €883,860 | €97,587 | 2.6% | - |
| FlexArt Facades Courcelles | €851,219 | €86,317 | 51.6% | - |
| TVB Algemene Bouwwerken Stekene | €759,221 | €66,607 | 65.5% | - |
| Mengé Renovatiewerken Ghent | €741,203 | €109,399 | 37.2% | 0 |
| LAUMEN CHRIS Heers | €934,791 | €103,000 | 22.8% | - |
| RSS CONSTRUCT Anderlecht | €711,758 | €127,255 | 62.7% | - |
| Outside Design Boortmeerbeek | €681,754 | €71,009 | 35.7% | - |
These companies have the same main activity as AM CONSTRUCT: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €682,000 and €935,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 07-12-2018Normal situation
- Activity
- Other building finishing workNACE 43350
- Establishment unit
- 2.284.377.4179250 Waasmunster, since 07-12-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 04-03-2026
Insights on AM CONSTRUCT
AM CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €5,901 in 2019 to €97,587 in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AM CONSTRUCT
- What is the company number of AM CONSTRUCT?
- The company number of AM CONSTRUCT is 0715.608.095. The VAT number is the same number with BE in front: BE 0715.608.095.
- Where is AM CONSTRUCT based?
- The registered office is at Patotterijstraat 21, 9250 Waasmunster.Company details
- What does AM CONSTRUCT do?
- According to the KBO register, the main activity is other building finishing work (NACE 43350).
- What is the legal form of AM CONSTRUCT?
- AM CONSTRUCT is a private limited company (BV).
- When was AM CONSTRUCT founded?
- AM CONSTRUCT was founded on 07-12-2018.
- Is AM CONSTRUCT still active?
- Yes, AM CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of AM CONSTRUCT?
- The turnover in financial year 2024 is ≈ €370,000. This figure is estimated from the gross margin of €97,587 and 89 comparable companies (NACE 433). It probably lies between €250,000 and €620,000.Financials
- Is AM CONSTRUCT profitable?
- In financial year 2024, AM CONSTRUCT made a profit of €8,153.
- Where can I find the annual accounts of AM CONSTRUCT?
- AM CONSTRUCT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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