AMVE CONSTRUCT
ActiveSummary
AMVE CONSTRUCT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€161,289) and a net result of €61,757. Equity is shrinking by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+92
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.23 in 2024; short-term debt: 326.7% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five 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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-227%
Return on assets
86.9%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 158 sector peers (2025).
NBB · sector comparisonPosition among 158 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
9 d early
2023
7 d early
2022
5 d early
2021
30 d late
2020
31 d late
2019
81 d late
← 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 after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€161,289▲ 27.7%
2024 · -€223,046
Total assets
€71,068▼ 14.2%
2024 · €82,855
Net result
€61,757
2024 · -€8,112
Working capital
-€170,294▲ 28.0%
2024 · -€236,357
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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-€52,099▼ 48.7%-€61,929▼ 18.9%€7,516-€3,982€66,227
Net result-€55,344below the sector's middle half▼ 48.9%-€66,149below the sector's middle half▼ 19.5%€4,494below the sector's middle half-€8,112below the sector's middle half€61,757within the sector's middle half
Equity-€153,278below the sector's middle half▼ 56.5%-€219,427below the sector's middle half▼ 43.2%-€214,934below the sector's middle half▲ 2.0%-€223,046below the sector's middle half▼ 3.8%-€161,289below the sector's middle half▲ 27.7%
Total assets€135,320below the sector's middle half▼ 17.3%€111,866below the sector's middle half▼ 17.3%€111,174below the sector's middle half▼ 0.6%€82,855below the sector's middle half▼ 25.5%€71,068below the sector's middle half▼ 14.2%
Debt€288,598▲ 10.3%€331,294▲ 14.8%€326,108▼ 1.6%€305,902▼ 6.2%€232,356▼ 24.0%
Working capital-€174,101▼ 52.2%-€231,733▼ 33.1%-€232,324▼ 0.3%-€236,357▼ 1.7%-€170,294▲ 28.0%
Solvency-113.3%below the sector's middle half▼ 53.4pp-196.2%below the sector's middle half▼ 82.9pp-193.3%below the sector's middle half▲ 2.8pp-269.2%below the sector's middle half▼ 75.9pp-227.0%below the sector's middle half▲ 42.2pp
Staff (FTE)4.8within the sector's middle half=4.8within the sector's middle half=4.3within the sector's middle half▼ 10.4%3.9within the sector's middle half▼ 9.3%2.7within the sector's middle half▼ 30.8%
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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 returns to profit in 2025: €66,227 after a loss of €3,982 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,068
Fixed assets
€9,213 ▼ 30.8%
Current assets
€61,854 ▼ 11.1%
Key figures and ratios
EBITDA
€70,325▲
2024 · €892
Cash flow
€65,855▲
2024 · -€3,238
Current ratio
0.27▲
2024 · 0.23
Quick ratio
0.08▼
2024 · 0.08
Debt to equity
-1.44▼
2024 · -1.37
ROA
86.9%▲
2024 · -9.8%
Interest coverage
11.80▲
2024 · 0.19
Debt ≤ 1 year
€232,148▼
2024 · €305,902
Staff costs
€108,661▼
2024 · €119,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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 3,640 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 | - | €11,000 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €157,535 | €133,248 | €132,837 | €119,690 | €108,661 | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,252 | €8,517 | €5,831 | €4,874 | €4,098 | ▼ 15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €728 | -€728 | ▼ 200% |
| Other operating charges640/8 | €4,801 | €4,718 | €4,648 | €8,404 | €8,987 | ▲ 6.9% |
| Gross operating margin9900 | €118,488 | €84,553 | €150,832 | €129,714 | €187,245 | ▲ 44.4% |
| Operating profit (loss)9901 | -€52,099 | -€61,929 | €7,516 | -€3,982 | €66,227 | ▲ 1,763% |
| Financial income75/76B | €160 | €828 | €829 | €506 | €1,491 | ▲ 195% |
| Recurring financial income75 | €160 | €828 | €829 | €506 | €1,491 | ▲ 195% |
| Financial charges65/66B | €3,405 | €5,048 | €3,852 | €4,636 | €5,961 | ▲ 28.6% |
| Recurring financial charges65 | €3,405 | €5,048 | €3,852 | €4,636 | €5,961 | ▲ 28.6% |
| Profit (loss) for the period before taxes9903 | -€55,344 | -€66,149 | €4,494 | -€8,112 | €61,757 | ▲ 861% |
| Profit (loss) for the period9904 | -€55,344 | -€66,149 | €4,494 | -€8,112 | €61,757 | ▲ 861% |
| Profit (loss) for the period to be appropriated9905 | -€55,344 | -€66,149 | €4,494 | -€8,112 | €61,757 | ▲ 861% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,320 | €111,866 | €111,174 | €82,855 | €71,068 | ▼ 14.2% |
| Fixed assets21/28 | €31,739 | €23,222 | €17,390 | €13,311 | €9,213 | ▼ 30.8% |
| Intangible fixed assets21 | €625 | €493 | €361 | €230 | €98 | ▼ 57.4% |
| Tangible fixed assets22/27 | €22,529 | €14,144 | €8,444 | €4,497 | €531 | ▼ 88.2% |
| Plant, machinery and equipment23 | €3,731 | €1,214 | €97 | €725 | €460 | ▼ 36.5% |
| Furniture and vehicles24 | €17,795 | €12,930 | €8,347 | €3,771 | €70 | ▼ 98.1% |
| Other tangible fixed assets26 | €1,003 | €0 | €0 | - | - | - |
| Financial fixed assets28 | €8,585 | €8,585 | €8,585 | €8,585 | €8,585 | = |
| Current assets29/58 | €103,582 | €88,645 | €93,784 | €69,544 | €61,854 | ▼ 11.1% |
| Stocks and contracts in progress3 | €74,179 | €47,141 | €35,410 | €44,419 | €44,129 | ▼ 0.7% |
| Stocks30/36 | €46,412 | €42,136 | €35,410 | €37,272 | €37,055 | ▼ 0.6% |
| Contracts in progress37 | €27,768 | €5,005 | €0 | €7,148 | €7,074 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €24,570 | €33,180 | €54,054 | €17,673 | €14,089 | ▼ 20.3% |
| Trade receivables40 | €24,568 | €33,167 | €54,024 | €17,398 | €11,480 | ▼ 34.0% |
| Other amounts receivable41 | €2 | €13 | €30 | €275 | €2,609 | ▲ 848% |
| Cash at bank and in hand54/58 | €1,963 | €5,128 | €1,348 | €4,464 | €43 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €2,869 | €3,196 | €2,972 | €2,988 | €3,593 | ▲ 20.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,320 | €111,866 | €111,174 | €82,855 | €71,068 | ▼ 14.2% |
| Equity10/15 | -€153,278 | -€219,427 | -€214,934 | -€223,046 | -€161,289 | ▲ 27.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,060 | €5,060 | €5,060 | €5,060 | €5,060 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €3,200 | €3,200 | €5,060 | €5,060 | €5,060 | = |
| Profit (loss) carried forward14 | -€176,938 | -€243,087 | -€238,594 | -€246,706 | -€184,949 | ▲ 25.0% |
| Amounts payable17/49 | €288,598 | €331,294 | €326,108 | €305,902 | €232,356 | ▼ 24.0% |
| Amounts payable after more than one year17 | €10,916 | €10,916 | €0 | - | - | - |
| Financial debts170/4 | €10,916 | €10,916 | €0 | - | - | - |
| Amounts payable within one year42/48 | €277,682 | €320,378 | €326,108 | €305,902 | €232,148 | ▼ 24.1% |
| Financial debts43 | €2,819 | €3,013 | €2,908 | €3,398 | €4,979 | ▲ 46.5% |
| Credit institutions430/8 | €2,819 | €3,013 | €2,908 | €3,398 | €4,979 | ▲ 46.5% |
| Trade debts44 | €23,301 | €56,192 | €54,199 | €15,331 | €25,757 | ▲ 68.0% |
| Suppliers440/4 | €23,301 | €55,041 | €48,451 | €15,331 | €25,757 | ▲ 68.0% |
| Bills of exchange payable441 | €0 | €1,151 | €5,748 | €0 | - | - |
| Taxes, remuneration and social security45 | €78,376 | €49,041 | €78,216 | €78,847 | €45,541 | ▼ 42.2% |
| Taxes450/3 | €6,147 | €10,433 | €37,283 | €40,560 | €14,258 | ▼ 64.8% |
| Remuneration and social security454/9 | €72,229 | €38,608 | €40,933 | €38,288 | €31,283 | ▼ 18.3% |
| Other amounts payable47/48 | €173,187 | €212,132 | €190,786 | €208,325 | €155,871 | ▼ 25.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €209 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,344 | -€66,149 | €4,494 | -€8,112 | €61,757 | ▲ 861% |
| + Depreciation and write-downs630 | €8,252 | €8,517 | €5,831 | €4,874 | €4,098 | ▼ 15.9% |
| Operating cash flow (approximation) | -€47,092 | -€57,632 | €10,325 | -€3,238 | €65,855 | ▲ 2,134% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€795 | €0 | ▲ 100% |
| Change in cash | - | €3,165 | -€3,780 | €3,116 | -€4,421 | ▼ 242% |
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
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €61,757
Net result €61,757 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4,494
Net result €4,494 after 4 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 81 days late
2019
31-12
Financial
Weakest financial yearnet -€84,497
Net result drops to -€84,497, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Harelbeke · 1 establishment unit since 2013
Ground area
1,042 m²
Building footprint
315 m²
Volume, LiDAR
1,172 m³
Parcel 34322B0546/00M002, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
AMVE CONSTRUCT
since 20132.223.514.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0546/00M002 | Flanders | 1,042 m² | 1 · 315 m² | 6.2 m · 1 fl. |
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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
45%
According to the 2025 annual accounts of AMVE CONSTRUCT and those 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.
Recognitions · licences · registrations
Recognised contractor
10 categoriesAMVE CONSTRUCT BV#9615
AMVE CONSTRUCT BV41724
Dual-learning approval
6 endedHoeknaadlasser (so)
Hoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser MIG/MAG (so)
Lasser TIG (so)
Pijplasser (so)
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Of 629 companies in sector 22240 we hold annual accounts for 363. 173 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
Founded30-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25620Manufacture of fabricated metal products, except machinery and equipment
27402Manufacture of electrical equipment
31001Manufacture of furniture
Contact
Phone
0479/473068Harelbeke
Fax
056/495836Harelbeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541542387
Also
9925:BE0541542387
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.