Equity
€443,231 ▲ 20.1%
AND'OR has made a profit without a break since 2021.
AND'OR
Lifetime
14 annual accounts with figures on one time axispeak €496,561 (2024)
€482,208▼ 2.9%
lowest -€1,930 (2020)
€74,132▲ 7.3%
peak €443,231 (2025)
€443,231▲ 20.1%
€375,576▲ 3.7%
peak 6 FTE (2025)
6 FTE
Board2 names since 2012
1 directorBEQA Bekim
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Registered office moved from Sint-Pieters-Leeuw to Schepdaal 27-06Equity from €369,100 to €443,231Cash from €19,921 to €12,120
Key points
from the 2025 annual accountsInvestments
€61,638 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 38.7% higher than in 2024.
Filings
14 annual accounts since 2012
Eight of the last ten came late. The 2024 accounts came latest: 100 days after the end of the period.
Checked score
56
Fair
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025lowest value
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 2.6%▲ +1.6 percentage points vs 06-2025
08-2025: 3.1%▲ +0.5 percentage points vs 07-2025
09-2025: 3.8%▲ +0.7 percentage points vs 08-2025
10-2025: 5.9%▲ +2.1 percentage points vs 09-2025
11-2025: 6.1%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 1.6%▼ -4.5 percentage points vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.7%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 2.0%▲ +0.2 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.3%▲ +0.3 percentage points vs 06-2026
08-2026: 2.7%▲ +0.4 percentage points vs 07-2026
09-2026: 1.7%▼ -1.0 percentage point vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Liquidity: current ratio 2.16, cash €12,120
lowers risk
Figures for financial year 2025 (filed on 31-08-2026)
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 59% of them on solvency, 35% on liquidity, 59% on profitability and 67% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 34,693 companies had the same profile as AND'OR has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of AND'OR itself is higher: 1.7% within 12 months. It rests on far more data about AND'OR 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 34,693 companies, not a prediction for AND'OR. 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 €24,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.16 (2.25 in 2024), above the usual 1.5. Short-term debt is 20.9% and cash 1.5% of total assets. 45.9% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
100 days late
2023
91 days late
2022
56 days late
2021
31 days late
2020
91 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 67 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0844411823
Registered office moved from Sint-Pieters-Leeuw to Schepdaal
New registered office: Geraardsbergsestraat 75, 1703 Schepdaal (Dilbeek) · Previous registered office: Gaston Deruyverstraat 76, 1600 SINT-PIETERS-LEEUW · General meeting of 24-02-2025 · Gazette deed
Change of role: BEQA Bekim, from manager to director
Director discharge: BEQA Bekim · General meeting of 04-12-2023 · Gazette deed
Resignation: Besnik HALILAJ (manager)
Transfer of shares from Besnik HALILAJ to BEQA Bekim · Besnik HALILAJ is a shareholder · Director discharge: Besnik HALILAJ · General meeting of 30-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AND'OR Dilbeek | €0.8m | €482,208 | 54.1% | 6 |
| HUMY Linkebeek | €0.7m | €562,602 | 22.0% | 5.8 |
| Isolair Dilsen-Stokkem | €1.1m | €470,443 | 15.3% | 5.3 |
| BMO Toiture Rixensart | €0.8m | €673,138 | 78.5% | 5.4 |
| LRVM Heusden-Zolder | €0.9m | €517,135 | 3.8% | 7.8 |
| BS CONSTRUCTION La Roche-en-Ardenne | €1.3m | €688,386 | 36.9% | 6 |
| BELTECHNIC Anderlecht | €1.1m | €572,161 | 45.6% | 4.3 |
These companies have the same main activity as AND'OR: insulation installation (NACE 43230). They are comparable in size and age: total assets between €698,000 and €1.3m, founded between 2010 and 2016.
Official details
Source: KBO- Status
- Active since 14-03-2012Normal situation
- Activity
- Insulation installationNACE 43230and 3 others
- Establishment unit
- 2.207.766.4211600 Sint-Pieters-Leeuw, since 14-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-09-2025
Annual accounts 2025
- ≈ €1.2mestimated
- €818,808▲ 12.0%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 31-08-2026
Insights on AND'OR
AND'OR files the abbreviated format. That format states no turnover. The gross margin rose from €2,855 in 2012 to €482,208 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
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 AND'OR
- What is the company number of AND'OR?
- The company number of AND'OR is 0844.411.823. The VAT number is the same number with BE in front: BE 0844.411.823.
- Where is AND'OR based?
- The registered office is at Geraardsbergsestraat 75, 1703 Dilbeek.Company details
- What does AND'OR do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of AND'OR?
- AND'OR is a private limited company (BV).
- When was AND'OR founded?
- AND'OR was founded on 14-03-2012.
- Is AND'OR still active?
- Yes, AND'OR is an active enterprise in the KBO register.
- How many employees does AND'OR have?
- AND'OR had an average of 6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of AND'OR?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €482,208 and 46 comparable companies (NACE 432). It probably lies between €1.0m and €1.6m.
- Is AND'OR profitable?
- In financial year 2025, AND'OR made a profit of €74,132.
- Where can I find the annual accounts of AND'OR?
- AND'OR filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of AND'OR due?
- AND'OR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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