Andrade Construct
ActiveSummary
The computed 12-month bankruptcy probability of Andrade Construct is 4.9% (elevated). The 2024 annual accounts show equity of €26k and a net result of €21k. Its solvency ranks better than 28% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability90
Solvency46
Growth-
Track record79
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.19; short-term debt: 79.3% and cash: 8.2% of total assets), and 79.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
20.7%
Return on assets
17%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 1 filingDeviation from the deadline
2024
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€26k
Total assets
€123k
Net result
€21k
Working capital
€18k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €123k
Fixed assets
€7k
Current assets
€116k
Equity and liabilities €123k
Equity
€26k
Debt
€98k
Debt finances 79.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€23k
Cash flow
€23k
Current ratio
1.19
Debt to equity
3.83
ROE
82.3%
ROA
17.0%
Interest coverage
112.04
Debt ≤ 1 year
€98k
Annual accounts
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k |
| Gross operating margin9900 | €23k |
| Operating profit (loss)9901 | €21k |
| Financial income75/76B | €72 |
| Recurring financial income75 | €72 |
| Financial charges65/66B | €206 |
| Recurring financial charges65 | €206 |
| Profit (loss) for the period before taxes9903 | €21k |
| Profit (loss) for the period9904 | €21k |
| Profit (loss) for the period to be appropriated9905 | €21k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €123k | |
| Fixed assets21/28 | €7k | |
| Tangible fixed assets22/27 | €7k | |
| Furniture and vehicles24 | €7k | |
| Current assets29/58 | €116k | |
| Amounts receivable within one year40/41 | €106k | |
| Trade receivables40 | €100k | |
| Other amounts receivable41 | €5k | |
| Cash at bank and in hand54/58 | €10k | |
| Deferred charges and accrued income490/1 | €111 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €123k | |
| Equity10/15 | €26k | |
| Contributions10/11 | €5k | |
| Profit (loss) carried forward14 | €21k | |
| Amounts payable17/49 | €98k | |
| Amounts payable within one year42/48 | €98k | |
| Trade debts44 | €92k | |
| Suppliers440/4 | €92k | |
| Taxes, remuneration and social security45 | €6k | |
| Taxes450/3 | €2k | |
| Remuneration and social security454/9 | €4k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €21k |
| + Depreciation and write-downs630 | €2k |
| Operating cash flow (approximation) | €23k |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
NBB filing
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, Elsene · 1 establishment unit since 2023
Ground area
183 m²
Building footprint
98 m²
Volume, LiDAR
1,453 m³
Parcel 21443C0221/00Z004, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Andrade Construct
since 20232.345.337.264
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0221/00Z004 | Brussels | 183 m² | 1 · 98 m² | 17.5 m · 5 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,114 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
Founded26-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.