AMARO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of AMARO CONSTRUCT is 1.7% (moderate). The 2024 annual accounts show equity of €178,113 and a net result of €38,656. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 36386 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+5
Solvency100▲+15
Growth85=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.49 against 2.27 in 2023; short-term debt: 21.1% and cash: 20.5% of total assets), and 21.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
on the day
2022
9 d early
2021
23 d late
2020
17 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€202,246▲ 32.7%
2019 · €152,461
EBIT margin
2.4%▼ 4.4pp
2019 · 6.8%
Net result
€38,656▲ 26.1%
2023 · €30,661
Working capital
€165,837▲ 38.0%
2023 · €120,197
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€202,246▲ 32.7%
Operating result€4,806▼ 53.7%€53,557▲ 1,014%€15,183▼ 71.7%€48,734▲ 221%€48,636▼ 0.2%
Net result€634within the sector's middle half▼ 91.6%€37,642above the sector's middle half▲ 5,837%€5,775within the sector's middle half▼ 84.7%€30,661above the sector's middle half▲ 431%€38,656above the sector's middle half▲ 26.1%
EBIT margin2.4%▼ 4.4pp
Equity€65,379within the sector's middle half▲ 1.0%€103,021within the sector's middle half▲ 57.6%€108,796within the sector's middle half▲ 5.6%€139,457above the sector's middle half▲ 28.2%€178,113above the sector's middle half▲ 27.7%
Total assets€95,856within the sector's middle half▲ 20.7%€133,384within the sector's middle half▲ 39.2%€190,213within the sector's middle half▲ 42.6%€233,867within the sector's middle half▲ 23.0%€225,606within the sector's middle half▼ 3.5%
Debt€30,477▲ 108%€30,363▼ 0.4%€81,417▲ 168%€94,410▲ 16.0%€47,493▼ 49.7%
Working capital€58,641within the sector's middle half▲ 5.2%€98,452above the sector's middle half▲ 67.9%€105,300above the sector's middle half▲ 7.0%€120,197above the sector's middle half▲ 14.1%€165,837above the sector's middle half▲ 38.0%
Solvency68.2%above the sector's middle half▼ 13.3pp77.2%above the sector's middle half▲ 9.0pp57.2%within the sector's middle half▼ 20.0pp59.6%within the sector's middle half▲ 2.4pp78.9%above the sector's middle half▲ 19.3pp
Current ratio2.92within the sector's middle half▼ 1.884.36above the sector's middle half▲ 1.442.29within the sector's middle half▼ 2.072.27within the sector's middle half▼ 0.024.49above the sector's middle half▲ 2.22
Return on assets (ROA)0.7%within the sector's middle half▼ 8.9pp28.2%above the sector's middle half▲ 27.6pp3.0%within the sector's middle half▼ 25.2pp13.1%within the sector's middle half▲ 10.1pp17.1%within the sector's middle half▲ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225,606
Fixed assets
€12,276 ▼ 36.3%
Current assets
€213,330 ▼ 0.6%
Equity and liabilities €225,606
Equity
€178,113 ▲ 27.7%
Debt
€47,493 ▼ 49.7%
Debt's share of the balance-sheet total falls from 40.4% to 21.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,835▼
2023 · €58,905
Cash flow
€46,855▲
2023 · €40,832
Debt to equity
0.27▼
2023 · 0.68
ROE
21.7%▼
2023 · 22.0%
Interest coverage
198.03▲
2023 · 49.17
Debt ≤ 1 year
€47,493▼
2023 · €94,410
Income taxes
€9,693▼
2023 · €16,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 34,679 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €202,246 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,246 | €2,260 | €2,645 | €10,171 | €8,199 | ▼ 19.4% |
| Other operating charges640/8 | - | €1,300 | €4,182 | €3,320 | €6,052 | ▲ 82.3% |
| Gross operating margin9900 | €10,971 | €57,117 | €22,010 | €62,225 | €62,887 | ▲ 1.1% |
| Operating profit (loss)9901 | €4,806 | €53,557 | €15,183 | €48,734 | €48,636 | ▼ 0.2% |
| Financial charges65/66B | - | €218 | €1,538 | €1,198 | €287 | ▼ 76.0% |
| Recurring financial charges65 | €1,084 | €218 | €1,538 | €1,198 | €287 | ▼ 76.0% |
| Profit (loss) for the period before taxes9903 | €3,722 | €53,339 | €13,645 | €47,536 | €48,349 | ▲ 1.7% |
| Income taxes67/77 | €3,088 | €15,697 | €7,870 | €16,875 | €9,693 | ▼ 42.6% |
| Profit (loss) for the period9904 | €634 | €37,642 | €5,775 | €30,661 | €38,656 | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €634 | €37,642 | €5,775 | €30,661 | €38,656 | ▲ 26.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,856 | €133,384 | €190,213 | €233,867 | €225,606 | ▼ 3.5% |
| Fixed assets21/28 | €6,738 | €5,661 | €3,496 | €19,260 | €12,276 | ▼ 36.3% |
| Tangible fixed assets22/27 | €6,738 | €5,661 | €3,496 | €19,260 | €12,276 | ▼ 36.3% |
| Furniture and vehicles24 | - | €1,169 | €1,250 | €19,260 | €12,276 | ▼ 36.3% |
| Leasing and similar rights25 | - | €4,492 | €2,246 | - | - | - |
| Current assets29/58 | €89,118 | €127,723 | €186,717 | €214,607 | €213,330 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €53,412 | €82,800 | €132,924 | €161,657 | €164,263 | ▲ 1.6% |
| Trade receivables40 | - | €55,278 | €110,790 | €92,062 | €71,982 | ▼ 21.8% |
| Other amounts receivable41 | - | €27,522 | €22,134 | €69,595 | €92,281 | ▲ 32.6% |
| Current investments50/53 | €34,002 | €42,921 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €49,891 | €50,121 | €46,260 | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | €2,002 | €3,902 | €2,829 | €2,807 | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,856 | €133,384 | €190,213 | €233,867 | €225,606 | ▼ 3.5% |
| Equity10/15 | €65,379 | €103,021 | €108,796 | €139,457 | €178,113 | ▲ 27.7% |
| Contributions10/11 | - | €100 | €100 | €100 | €100 | = |
| Reserves13 | €17,398 | €17,398 | €17,398 | €17,398 | €17,398 | = |
| Non-distributable reserves130/1 | - | €17,398 | €17,398 | €17,398 | €17,398 | = |
| Reserves not available under the articles1311 | - | €17,398 | €17,398 | €17,398 | €17,398 | = |
| Profit (loss) carried forward14 | €47,881 | €85,523 | €91,298 | €121,959 | €160,615 | ▲ 31.7% |
| Amounts payable17/49 | €30,477 | €30,363 | €81,417 | €94,410 | €47,493 | ▼ 49.7% |
| Amounts payable within one year42/48 | €30,477 | €29,271 | €81,417 | €94,410 | €47,493 | ▼ 49.7% |
| Current portion of amounts payable after more than one year42 | - | - | €15,455 | €13,471 | €8,529 | ▼ 36.7% |
| Trade debts44 | €18,269 | €7,479 | €55,568 | €53,902 | €13,573 | ▼ 74.8% |
| Suppliers440/4 | - | €7,479 | €55,568 | €53,902 | €13,573 | ▼ 74.8% |
| Taxes, remuneration and social security45 | - | €21,792 | €10,394 | €27,037 | €25,391 | ▼ 6.1% |
| Taxes450/3 | - | €21,792 | €9,429 | €25,403 | €24,621 | ▼ 3.1% |
| Remuneration and social security454/9 | - | - | €965 | €1,634 | €770 | ▼ 52.9% |
| Accrued charges and deferred income492/3 | - | €1,092 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €634 | €37,642 | €5,775 | €30,661 | €38,656 | ▲ 26.1% |
| + Depreciation and write-downs630 | €2,246 | €2,260 | €2,645 | €10,171 | €8,199 | ▼ 19.4% |
| Operating cash flow (approximation) | €2,880 | €39,902 | €8,420 | €40,832 | €46,855 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€1,183 | -€480 | -€25,935 | -€1,215 | ▲ 95.3% |
| Change in cash | - | - | - | €230 | -€3,861 | ▼ 1,779% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Highest result since 2018net €38,656 ▲26.1%
Net result €38,656, the highest in the series.
31-12
Financial
Equity above €150,000Eq €178,113 ▲27.7%
6 profitable years in a row build equity to €178,113.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Equity above €100,000Eq €103,021 ▲57.6%
3 profitable years in a row build equity to €103,021.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Back to profitnet €7,566
Net result €7,566 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Ukkel · 1 establishment unit since 2013
Ground area
750 m²
Building footprint
370 m²
Volume, LiDAR
5,082 m³
2 parcels, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AMARO CONSTRUCT
since 20132.369.257.761
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0175/00Z007 | Brussels | 573 m² | 1 · 192 m² | 19.0 m · 5 fl. |
| 21614E0057/00K004 | Brussels | 178 m² | 1 · 178 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
LEFEBVRE HAARDEN
BE 0436.392.013
Wielsbeke · Eq €178,018
TUTKU
BE 0819.548.149
Antwerpen · Eq €177,911
E.L.E.A. Design
BE 0830.096.207
Kontich · Eq €177,747
BATIRIGHT
BE 0480.055.968
Vorst · Eq €178,616
ROOMS G. - ALGEMENE BOUWONDERNEMING
BE 0884.644.255
Sint-Niklaas · Eq €178,795
Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 5,952 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
Founded21-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0511960060
Also
9925:BE0511960060
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.