AMCAL
ActiveSummary
AMCAL has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €1.3m. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency87▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 3.62 against 6.62 in 2024; short-term debt: 19.5% and cash: 13.4% of total assets), and 37.6% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
29.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
on the day
2022
10 d early
2021
26 d early
2020
31 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
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 What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Lichtervelde, Construction sector#2 company by equity in Lichtervelde, Construction sector#3 oldest company in Lichtervelde, Construction sector
Equity
€2.7m▲ 29.9%
2024 · €2.1m
Total assets
€4.4m▲ 5.5%
2024 · €4.1m
Net result
€1.3m▼ 18.1%
2024 · €1.6m
Working capital
€2.2m▼ 4.5%
2024 · €2.3m
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
Line20212022202320242025
Operating result€858,879▲ 50.5%€1.0m▲ 16.9%€1.2m▲ 17.2%€2.0m▲ 73.0%€1.7m▼ 18.0%
Net result€658,686above the sector's middle half▲ 54.9%€769,484above the sector's middle half▲ 16.8%€908,040above the sector's middle half▲ 18.0%€1.6mabove the sector's middle half▲ 71.7%€1.3mabove the sector's middle half▼ 18.1%
Equity€1.3mabove the sector's middle half▼ 37.3%€1.1mabove the sector's middle half▼ 15.1%€537,083within the sector's middle half▼ 52.4%€2.1mabove the sector's middle half▲ 290%€2.7mabove the sector's middle half▲ 29.9%
Total assets€3.6mabove the sector's middle half▲ 23.8%€3.2mabove the sector's middle half▼ 9.9%€3.6mabove the sector's middle half▲ 11.2%€4.1mabove the sector's middle half▲ 15.7%€4.4mabove the sector's middle half▲ 5.5%
Debt€2.2m▲ 194%€2.1m▼ 6.9%€3.0m▲ 45.5%€2.0m▼ 32.8%€1.6m▼ 19.5%
Working capital€16,534▼ 97.7%-€29,686-€600,272▼ 1,922%€2.3m€2.2m▼ 4.5%
Solvency37.2%within the sector's middle half▼ 36.3pp35.1%within the sector's middle half▼ 2.1pp15.0%below the sector's middle half▼ 20.1pp50.6%within the sector's middle half▲ 35.6pp62.4%within the sector's middle half▲ 11.7pp
Staff (FTE)6within the sector's middle half▼ 9.1%6.7within the sector's middle half▲ 11.7%5.9within the sector's middle half▼ 11.9%8.2within the sector's middle half▲ 39.0%9.9above the sector's middle half▲ 20.7%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€1.3m ▼ 7.4%
Current assets
€3.1m ▲ 12.0%
Equity and liabilities €4.4m
Equity
€2.7m ▲ 29.9%
Debt
€1.6m ▼ 19.5%
Debt's share of the balance-sheet total falls from 49.4% to 37.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▼
2024 · €2.2m
Cash flow
€1.5m▼
2024 · €1.7m
Current ratio
3.62▼
2024 · 6.62
Quick ratio
2.55▼
2024 · 4.67
Debt to equity
0.60▼
2024 · 0.97
ROE
46.9%▼
2024 · 74.4%
ROA
29.2%▼
2024 · 37.7%
Interest coverage
102.32▼
2024 · 129.72
Debt ≤ 1 year
€853,218▲
2024 · €416,590
Debt > 1 year
€693,674▼
2024 · €1.6m
Income taxes
€414,618▼
2024 · €509,535
Staff costs
€837,767▲
2024 · €653,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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%.
| 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €46,531 | - |
| Remuneration, social security and pensions62 | - | €435,987 | €463,110 | €653,133 | €837,767 | ▲ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149,026 | €145,844 | €152,744 | €186,759 | €189,664 | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €13,757 | €13,026 | €13,929 | €16,358 | ▲ 17.4% |
| Gross operating margin9900 | €1.4m | €1.6m | €1.8m | €2.9m | €2.7m | ▼ 6.1% |
| Operating profit (loss)9901 | €858,879 | €1.0m | €1.2m | €2.0m | €1.7m | ▼ 18.0% |
| Financial income75/76B | - | €36,169 | €46,318 | €49,636 | €39,744 | ▼ 19.9% |
| Recurring financial income75 | €29,513 | €36,169 | €46,318 | €49,636 | €39,744 | ▼ 19.9% |
| Financial charges65/66B | - | €12,896 | €24,010 | €17,138 | €18,182 | ▲ 6.1% |
| Recurring financial charges65 | €8,773 | €12,896 | €24,010 | €17,138 | €18,182 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €879,619 | €1.0m | €1.2m | €2.1m | €1.7m | ▼ 18.2% |
| Income taxes67/77 | €220,933 | €257,839 | €291,280 | €509,535 | €414,618 | ▼ 18.6% |
| Profit (loss) for the period9904 | €658,686 | €769,484 | €908,040 | €1.6m | €1.3m | ▼ 18.1% |
| Transfer from tax-exempt reserves789 | - | - | €93,000 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €631,500 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €658,686 | €769,484 | €1.0m | €927,923 | €1.3m | ▲ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.2m | €3.6m | €4.1m | €4.4m | ▲ 5.5% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.3m | €1.4m | €1.3m | ▼ 7.4% |
| Intangible fixed assets21 | €18,627 | €21,836 | €13,311 | €7,585 | €3,328 | ▼ 56.1% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.3m | €1.3m | €1.2m | ▼ 7.3% |
| Land and buildings22 | - | €1.1m | €1.0m | €937,457 | €889,270 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €115,292 | €206,976 | €164,389 | €26,214 | ▼ 84.1% |
| Furniture and vehicles24 | - | €8,460 | €67,154 | €245,928 | €333,857 | ▲ 35.8% |
| Financial fixed assets28 | €6,930 | €10,040 | €12,530 | €24,850 | €24,850 | = |
| Current assets29/58 | €2.3m | €2.0m | €2.3m | €2.8m | €3.1m | ▲ 12.0% |
| Stocks and contracts in progress3 | €345,010 | €442,119 | €760,586 | €813,133 | €916,523 | ▲ 12.7% |
| Stocks30/36 | - | €425,749 | €740,231 | €747,729 | €848,986 | ▲ 13.5% |
| Contracts in progress37 | - | €16,370 | €20,354 | €65,404 | €67,537 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €587,702 | €945,488 | €943,084 | €1.2m | €1.3m | ▲ 5.1% |
| Trade receivables40 | - | €944,004 | €896,647 | €1.1m | €1.3m | ▲ 14.4% |
| Other amounts receivable41 | - | €1,484 | €46,436 | €100,230 | €342 | ▼ 99.7% |
| Current investments50/53 | €298,536 | €294,710 | €294,710 | €294,710 | €289,679 | ▼ 1.7% |
| Cash at bank and in hand54/58 | €1.0m | €263,265 | €255,909 | €414,805 | €586,858 | ▲ 41.5% |
| Deferred charges and accrued income490/1 | - | €26,733 | €9,169 | €18,374 | €18,149 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.2m | €3.6m | €4.1m | €4.4m | ▲ 5.5% |
| Equity10/15 | €1.3m | €1.1m | €537,083 | €2.1m | €2.7m | ▲ 29.9% |
| Contributions10/11 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €1.3m | €1.1m | €512,294 | €2.1m | €2.7m | ▲ 30.3% |
| Tax-exempt reserves132 | - | €93,000 | €0 | €631,500 | €631,500 | = |
| Distributable reserves133 | - | €1.0m | €512,294 | €1.4m | €2.1m | ▲ 43.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.2m | €2.1m | €3.0m | €2.0m | €1.6m | ▼ 19.5% |
| Amounts payable after more than one year17 | - | - | - | €1.6m | €693,674 | ▼ 56.0% |
| Other amounts payable178/9 | - | - | - | €1.6m | €693,674 | ▼ 56.0% |
| Amounts payable within one year42/48 | €2.2m | €2.0m | €2.9m | €416,590 | €853,218 | ▲ 105% |
| Financial debts43 | - | €0 | €66,844 | €0 | - | - |
| Other loans439 | - | €0 | €66,844 | €0 | - | - |
| Trade debts44 | €118,423 | €195,557 | €235,473 | €273,845 | €59,265 | ▼ 78.4% |
| Suppliers440/4 | - | €195,557 | €235,473 | €273,845 | €59,265 | ▼ 78.4% |
| Taxes, remuneration and social security45 | - | €93,010 | €44,389 | €98,626 | €142,780 | ▲ 44.8% |
| Taxes450/3 | - | €51,413 | €5,539 | €23,958 | €61,358 | ▲ 156% |
| Remuneration and social security454/9 | - | €41,597 | €38,850 | €74,668 | €81,422 | ▲ 9.0% |
| Other amounts payable47/48 | - | €1.7m | €2.5m | €44,119 | €651,174 | ▲ 1,376% |
| Accrued charges and deferred income492/3 | - | €87,033 | €176,210 | €48,496 | €97,664 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €658,686 | €769,484 | €908,040 | €1.6m | €1.3m | ▼ 18.1% |
| + Depreciation and write-downs630 | €149,026 | €145,844 | €152,744 | €186,759 | €189,664 | ▲ 1.6% |
| Operating cash flow (approximation) | €807,712 | €915,327 | €1.1m | €1.7m | €1.5m | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€69,767 | -€220,547 | -€253,403 | -€86,973 | ▲ 65.7% |
| Change in cash | - | -€738,139 | -€7,356 | €158,896 | €172,053 | ▲ 8.3% |
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
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.6m ▲71.7%
Operating result €2.0m, net result €1.6m, both a record.
31-03
Financial
Liquidity times 8current ratio 6.62
Current ratio from 0.79 to 6.62; short-term debt falls from €2.9m to €416,590.
31-03
Financial
Equity above €2mEq €2.1m ▲290%
6 profitable years in a row build equity to €2.1m.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €2mEq €2.1m ▲25.1%
2 profitable years in a row build equity to €2.1m.
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Lichtervelde · 1 establishment unit since 1994
Ground area
4,047 m²
Building footprint
2,069 m²
Volume, LiDAR
35 m³
Parcel 36011F0525/00T000, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AMCAL
since 19942.020.418.146
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011F0525/00T000 | Flanders | 4,047 m² | 1 · 2,068 m² | 0.7 m |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- WYCOM
- AMCAL
Highest known parent: WYCOM. The sources do not say who stands above it.
Owners 1
- WYCOMparent99.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,010 EUR awarded · 4,521 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 799 EUR | 799 EUR |
| 2024 | 1 | 745 EUR | 916 EUR |
| 2023 | 1 | 2,618 EUR | 1,958 EUR |
| 2022 | 1 | 848 EUR | 848 EUR |
Recognitions · licences · registrations
Recognised contractor
9 categoriesAMCAL BV40666
Dual-learning approval
5 live approvals · 6 endedElektromecanicien (vwo)
Elektromecanicien duaal (so)
Elektromechanische technieken duaal (so)
Onderhoudsmonteur (vwo)
Preventief onderhoud machines en installaties duaal (so)
Show 6 ended approvals
Elektromecanicien (vwo)
Elektromecanicien duaal (so)
Elektromechanische technieken duaal (so)
Onderhoudsmonteur (vwo)
Preventief onderhoud machines en installaties duaal (so)
Onderhoudstechnicus industriële installaties (so)
Legal Entity Identifier
529900DFVRG5F2UTEQ63
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 1,650 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
Founded24-03-1982
Fiscal year end31-03
Activities, NACEBEL 2025
43130Specialised construction activities
43990Other specialised construction activities
46630Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422544272
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.