AND CONSTRUCT
ActiveSummary
AND CONSTRUCT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,963 and a net result of €19,932. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 3.53 against 7.08 in 2024; short-term debt: 14.7% and cash: 33.9% of total assets), and 14.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
85.2%
Return on assets
12.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
28 d late
2022
8 d late
2021
45 d early
2020
46 d early
← 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 on the deadline day; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,932▲ 31.6%
2024 · €15,143
Working capital
€59,439▼ 45.9%
2024 · €109,815
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,684▲ 1,082%€36,396▲ 11.4%€62,480▲ 71.7%€18,012▼ 71.2%€26,381▲ 46.5%
Net result€25,976▲ 1,074%€28,236▲ 8.7%€50,164▲ 77.7%€15,143▼ 69.8%€19,932▲ 31.6%
Equity€35,688▲ 267%€63,924▲ 79.1%€105,887▲ 65.6%€116,030▲ 9.6%€135,963▲ 17.2%
Total assets€57,624▲ 271%€95,211▲ 65.2%€130,783▲ 37.4%€134,093▲ 2.5%€159,589▲ 19.0%
Debt€21,936▲ 276%€31,287▲ 42.6%€24,896▼ 20.4%€18,063▼ 27.4%€23,627▲ 30.8%
Working capital€17,442▲ 105%€37,851▲ 117%€95,618▲ 153%€109,815▲ 14.8%€59,439▼ 45.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 46% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,589
Fixed assets
€76,702 ▲ 1,134%
Current assets
€82,887 ▼ 35.2%
Equity and liabilities €159,589
Equity
€135,963 ▲ 17.2%
Debt
€23,627 ▲ 30.8%
Debt's share of the balance-sheet total rises from 13.5% to 14.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,294▲
2024 · €22,065
Cash flow
€23,846▲
2024 · €19,196
Current ratio
3.53▼
2024 · 7.08
Debt to equity
0.17▲
2024 · 0.16
ROE
14.7%▲
2024 · 13.1%
ROA
12.5%▲
2024 · 11.3%
Interest coverage
55.98▲
2024 · 32.28
Debt ≤ 1 year
€23,449▲
2024 · €18,063
Income taxes
€5,983▲
2024 · €3,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,594 | €2,654 | €4,053 | €4,053 | €3,913 | ▼ 3.5% |
| Other operating charges640/8 | €2,479 | €332 | €220 | €218 | €214 | ▼ 1.6% |
| Gross operating margin9900 | €36,757 | €39,382 | €66,753 | €22,283 | €30,508 | ▲ 36.9% |
| Operating profit (loss)9901 | €32,684 | €36,396 | €62,480 | €18,012 | €26,381 | ▲ 46.5% |
| Financial income75/76B | €1 | €1 | €8 | €861 | €76 | ▼ 91.2% |
| Recurring financial income75 | €1 | €1 | €5 | €861 | €76 | ▼ 91.2% |
| Non-recurring financial income76B | - | - | €3 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €2 | €586 | €1,291 | €685 | €541 | ▼ 21.0% |
| Recurring financial charges65 | €2 | €586 | €1,291 | €683 | €541 | ▼ 20.8% |
| Non-recurring financial charges66B | - | €0 | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €32,683 | €35,810 | €61,197 | €18,189 | €25,915 | ▲ 42.5% |
| Income taxes67/77 | €6,707 | €7,575 | €11,034 | €3,046 | €5,983 | ▲ 96.4% |
| Profit (loss) for the period9904 | €25,976 | €28,236 | €50,164 | €15,143 | €19,932 | ▲ 31.6% |
| Profit (loss) for the period to be appropriated9905 | €25,976 | €28,236 | €50,164 | €15,143 | €19,932 | ▲ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,624 | €95,211 | €130,783 | €134,093 | €159,589 | ▲ 19.0% |
| Fixed assets21/28 | €18,246 | €26,072 | €10,269 | €6,215 | €76,702 | ▲ 1,134% |
| Tangible fixed assets22/27 | €17,046 | €25,572 | €10,269 | €6,215 | €2,302 | ▼ 63.0% |
| Land and buildings22 | €11,250 | €11,250 | - | - | - | - |
| Plant, machinery and equipment23 | - | €1,312 | €849 | €385 | €0 | ▼ 100% |
| Furniture and vehicles24 | €5,796 | €13,010 | €9,420 | €5,830 | €2,302 | ▼ 60.5% |
| Financial fixed assets28 | €1,200 | €500 | - | - | €74,400 | - |
| Current assets29/58 | €39,378 | €69,139 | €120,514 | €127,877 | €82,887 | ▼ 35.2% |
| Amounts receivable within one year40/41 | €9,509 | €329 | €14,505 | €57,265 | €27,247 | ▼ 52.4% |
| Trade receivables40 | €9,509 | €329 | €10,538 | €57,265 | €27,247 | ▼ 52.4% |
| Other amounts receivable41 | - | - | €3,966 | - | - | - |
| Cash at bank and in hand54/58 | €29,598 | €64,848 | €104,763 | €68,209 | €54,161 | ▼ 20.6% |
| Deferred charges and accrued income490/1 | €271 | €3,962 | €1,247 | €2,403 | €1,480 | ▼ 38.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,624 | €95,211 | €130,783 | €134,093 | €159,589 | ▲ 19.0% |
| Equity10/15 | €35,688 | €63,924 | €105,887 | €116,030 | €135,963 | ▲ 17.2% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €28,188 | €56,424 | €98,387 | €108,530 | €128,463 | ▲ 18.4% |
| Amounts payable17/49 | €21,936 | €31,287 | €24,896 | €18,063 | €23,627 | ▲ 30.8% |
| Amounts payable within one year42/48 | €21,936 | €31,287 | €24,896 | €18,063 | €23,449 | ▲ 29.8% |
| Trade debts44 | €1,646 | €4,618 | €753 | €4,048 | €7,175 | ▲ 77.2% |
| Suppliers440/4 | €1,646 | €4,618 | €753 | €4,048 | €7,175 | ▲ 77.2% |
| Taxes, remuneration and social security45 | €13,149 | €21,918 | €15,943 | €9,014 | €16,216 | ▲ 79.9% |
| Taxes450/3 | €11,103 | €21,918 | €13,842 | €9,014 | €16,216 | ▲ 79.9% |
| Remuneration and social security454/9 | €2,046 | - | €2,101 | - | - | - |
| Other amounts payable47/48 | €7,141 | €4,751 | €8,200 | €5,000 | €58 | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €178 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,976 | €28,236 | €50,164 | €15,143 | €19,932 | ▲ 31.6% |
| + Depreciation and write-downs630 | €1,594 | €2,654 | €4,053 | €4,053 | €3,913 | ▼ 3.5% |
| Operating cash flow (approximation) | €27,570 | €30,890 | €54,217 | €19,196 | €23,846 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€10,480 | €11,750 | €0 | -€74,400 | - |
| Change in cash | - | €35,250 | €39,914 | -€36,554 | -€14,049 | ▲ 61.6% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2020net €50,164 ▲77.7%
Operating result €62,480, net result €50,164, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.84
Current ratio from 2.21 to 4.84; short-term debt falls from €31,287 to €24,896.
31-12
Financial
Equity above €100,000Eq €105,887 ▲65.6%
4 profitable years in a row build equity to €105,887.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2020
Ground area
793 m²
Building footprint
141 m²
Parcel 25762H0688/00K000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AND CONSTRUCT
since 20202.312.631.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0688/00K000 | Wallonia | 793 m² | 1 · 141 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
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STH
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VLAVAN
BE 0659.849.329
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RIEMERS
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Antwerpen · Eq €136,138
Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,242 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
Founded20-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.