Andrade Construct
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Andrade Construct is 6.9% (elevated). The 2024 annual accounts show equity of €25,520 and a net result of €21,010. Its solvency ranks better than 28% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 26-04-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Fritz Toussaintstraat 17, 1050 Elsene
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.345.337.264 1050 Elsene, since 26-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Who decides
Board
How it is doing
- Bankruptcy probabilitywithin 12 months
- 6.9%
Annual accounts 2024
- Gross margin
- €23,136
- Turnover
- ≈ €280,000
- estimated
- Profit
- €21,010
- Equity
- €25,520
- Total assets
- €123,244
2024 accounts filed 60 days late
Filed on 29-09-2025PDF
Why 35raises risk1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 1 of the last 3 lateFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €123,244Show the evidence
Checked score
Score 2024
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 39% of its sector peers (NACE 41, micro)
Financial strength
Average
Solvency
46
equity 20.7% of total assets
Liquidity
17
short-term debt 79.3% · cash 8.2%
Profitability
90
return on assets 17.0%
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.7%lowest value
12-2024: 5.2%▲ +0.5 percentage points vs 11-2024
01-2025: 5.1%▼ -0.1 percentage points vs 12-2024
02-2025: 5.0%▼ -0.1 percentage points vs 01-2025
03-2025: 5.3%▲ +0.3 percentage points vs 02-2025
04-2025: 5.4%▲ +0.1 percentage points vs 03-2025
05-2025: 5.4%● unchanged vs 04-2025
06-2025: 5.4%● unchanged vs 05-2025
07-2025: 5.4%● unchanged vs 06-2025
08-2025: 5.4%● unchanged vs 07-2025
09-2025: 5.4%● unchanged vs 08-2025
10-2025: 5.4%● unchanged vs 09-2025
11-2025: 5.9%▲ +0.5 percentage points vs 10-2025
12-2025: 5.9%● unchanged vs 11-2025
01-2026: 5.8%▼ -0.1 percentage points vs 12-2025
02-2026: 5.8%● unchanged vs 01-2026
03-2026: 5.8%● unchanged vs 02-2026
04-2026: 5.8%● unchanged vs 03-2026
05-2026: 5.9%▲ +0.1 percentage points vs 04-2026
06-2026: 5.8%▼ -0.1 percentage points vs 05-2026
07-2026: 5.9%▲ +0.1 percentage points vs 06-2026
08-2026: 6.4%▲ +0.5 percentage points vs 07-2026
09-2026: 6.5%▲ +0.1 percentage points vs 08-2026
10-2026: 6.9%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.19, below the usual 1.5; short-term debt: 79.3% and cash: 8.2% of total assets), and 79.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 28% on solvency, 14% on liquidity and 75% on profitability.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
raises risk
raises risk · 2024 accounts filed 60 days late
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. 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 · 1 filingDeviation from the deadline
2024
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 60 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2024, micro format
2024 annual accounts filed late (60 days) Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00521722.
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 29-09-2025
- Format
- micro format
- Reference
- 2025-00521722
Turnover
≈ €280,000
Estimated: probably between €140,000 and €500,000
Total assets
€123,244
Net result
€21,010
Working capital
€18,384
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €123,244
Fixed assets
€7,136
Current assets
€116,108
Equity and liabilities €123,244
Equity
€25,520
Debt
€97,724
Debt finances 79.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€23,136
Cash flow
€23,002
Current ratio
1.19
Debt to equity
3.83
ROE
82.3%
ROA
17.0%
Interest coverage
over 100
Debt ≤ 1 year
€97,724
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94.3%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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 | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,992 |
| Gross operating margin9900 | €23,136 |
| Operating profit (loss)9901 | €21,144 |
| Financial income75/76B | €72 |
| Recurring financial income75 | €72 |
| Financial charges65/66B | €206 |
| Recurring financial charges65 | €206 |
| Profit (loss) for the period before taxes9903 | €21,010 |
| Profit (loss) for the period9904 | €21,010 |
| Profit (loss) for the period to be appropriated9905 | €21,010 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €123,244 | |
| Fixed assets21/28 | €7,136 | |
| Tangible fixed assets22/27 | €7,136 | |
| Furniture and vehicles24 | €7,136 | |
| Current assets29/58 | €116,108 | |
| Amounts receivable within one year40/41 | €105,875 | |
| Trade receivables40 | €100,428 | |
| Other amounts receivable41 | €5,447 | |
| Cash at bank and in hand54/58 | €10,121 | |
| Deferred charges and accrued income490/1 | €111 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €123,244 | |
| Equity10/15 | €25,520 | |
| Contributions10/11 | €4,510 | |
| Profit (loss) carried forward14 | €21,010 | |
| Amounts payable17/49 | €97,724 | |
| Amounts payable within one year42/48 | €97,724 | |
| Trade debts44 | €91,954 | |
| Suppliers440/4 | €91,954 | |
| Taxes, remuneration and social security45 | €5,770 | |
| Taxes450/3 | €1,780 | |
| Remuneration and social security454/9 | €3,990 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €21,010 |
| + Depreciation and write-downs630 | €1,992 |
| Operating cash flow (approximation) | €23,002 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00521722 |
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Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,406. 12,441 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2023
SANTOS AZEVEDO FRANCISCO Emilio
Current
Director (not named in the articles) · appointed in the act of 28-04-2023
TARCISIO SILVA DE ANDRADE MORAIS Igor
Current
Director (not named in the articles) · appointed in the act of 28-04-2023
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| SANTOS AZEVEDO FRANCISCO Emilio |
|
| TARCISIO SILVA DE ANDRADE MORAIS Igor |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d'administration”“Assemblée générale, décide si mandat exercé gratuitement ou non”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision de l’assemblée générale délibérant dans les formes des modifications aux statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, administrateurs en fonction désignés comme liquidateurs en vertu des statuts si aucun…”
Articles of association, deed of 28-04-2023 (in French)
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 28-04-2023 ↗
- TARCISIO SILVA DE ANDRADE MORAIS Igor 80 shares (80%) · €3,608.26 in cash
- SANTOS AZEVEDO FRANCISCO Emilio 20 shares (20%) · €902.20 in cash
Capital over the years
- 28-04-2023 Incorporation · €4,510.46 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Égal, rémunération des apports”“Nominatives, registre des actions nominatives avec mentions requises par Code des sociétés et des associations”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs au prorata si plusieurs, sans recours avec droit d'exiger rachat par opposants au prix notifié”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 28-04-2023 (in French)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
2025
29-09
financial year 2024 · micro format · 60 days late
2023
28-04
Gazette deed
IncorporationAppointments: TARCISIO SILVA DE ANDRADE MORAIS Igor (director) and SANTOS AZEVEDO FRANCISCO Emilio (director) · Founding capital · Founder13 facts ▸
Gazette deed
Incorporation
Appointments: TARCISIO SILVA DE ANDRADE MORAIS Igor (director) and SANTOS AZEVEDO FRANCISCO Emilio (director) · Founding capital · Founder13 facts ▸
- Incorporation, “Andrade Construct” (deed in French)
- Founding capital, €4,510.46
- Founder, TARCISIO SILVA DE ANDRADE MORAIS Igor
- Founder, SANTOS AZEVEDO FRANCISCO Emilio
- Other provision, 21-04-2023
- Other provision, “responsabilité des fondateurs en cas de faillite dans les trois ans de la constitution, capitaux propres de départ manifestement insuffisants pour mener l’activ…” (deed in French)
- Other provision, “arrêt des statuts, les comparants” (deed in French)
- Registered office clause, “1050 Ixelles, Rue Fritz Toussaint 17/2” (deed in French)
- Board rule, 2
- Director appointment, TARCISIO SILVA DE ANDRADE MORAIS Igor (director (not named in the articles))
- Director appointment, SANTOS AZEVEDO FRANCISCO Emilio (director (not named in the articles))
- Other provision, “représentant permanent – non-désignation, pas envisagé d’accepter des mandats d’administrateur dans d’autres sociétés” (deed in French)
- +1 further fact in this act
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
Andrade Construct in French
Enterprise number
0801.188.722
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-04-2023
Type
Legal entity
Where it is based
Registered office
Fritz Toussaintstraat 17, 1050 Elsene, Belgium
Establishments
1 establishment unit since 2023
What it does
NACEBEL 202541001
General construction of residential buildings main activity
41003
General construction of other non-residential buildings
81220
Other building cleaning and industrial cleaning
Invoicing and payment
VAT number
BE 0801.188.722
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0801.188.722
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le nettoyage, l’entretien et la désinfection de meubles et objets divers ainsi que de locaux commerciaux et industriels, de bureaux, ainsi…”
54 activities
- Le nettoyage, l’entretien et la désinfection de meubles et objets divers ainsi que de locaux commerciaux et industriels, de bureaux, ainsi que le nettoyage de vitres
- L’entretien de parcs et jardins ainsi que la désinfection et la dératisation
- La vente, achat, import, export, entretien, réparation, maintenance, réalisation et pose de matériels de quincailleries, chauffages, climatisation, pompe à chambre, chambre froide, aérations, ventilations, refroidissement, conditionnement d’air
- L’exploitation d’un atelier spécial de l’industrie des fabrications métalliques
- L’entreprise de fabrication et de placement de ferronneries et de menuiseries (entre autres châssis, portes, balustrades, escaliers et volets) métalliques
- Entreprise de construction métallique en aluminium, acier et inox
- L’entreprise de couverture et de toiture de constructions et tous bardages
- La location de tout matériel de construction ou autre parmi lesquels on retrouve, les échafaudages, bobcat, foreuses, ponceuses, perceuses, mélangeurs, échelles, remorques, meuleuses, décapeuses, nettoyeurs haute pression, scies sauteuses, …
- L’entreprise du bâtiment sans limitation d’activité, celles qui seraient réglementées débutant à partir des agréations, en ce compris l’entreprise générale
- En matière d’architecture d’intérieur, un bureau d’études chargé notamment de l’organisation d’espaces de bureaux, industriels ou commerciaux, l’établissement d’études, plans, coordination en ces domaines, l’achat et la revente de produits et articles de décoration, l’achat et la revente de mobilier d’aménagement pour bureau, commerce, industrie, habitation, l’achat et la vente, la location d’immeuble bâtis ou non, la gérance et l’administration de toute construction privé, commerciale, industrielle ou publique
- La création, le développement et la promotion de projets immobiliers
- L’entreprise de travaux de zingage
- L’entreprise de recouvrement de corniches en bois et en P.V.C.
- L’entreprise de construction de bâtiments (gros oeuvre et mise sous toit)
- L’entreprise de travaux d’étanchéité et revêtement de construction par asphaltage et bitumage
- L’entreprise d’isolation thermique et acoustique
- L’entreprise de travaux de plafonnage, de cimentage et de tous autres enduits
- L’entreprise de fabrication et placement de charpenterie et de menuiserie (entre autres châssis et volets) du bâtiment.
- L’entreprise de pose de plaques de gyproc
- L’entreprise de fabrication et de placement de châssis et volets en P.V.C. et aluminium
- L’entreprise d’installation de chauffage central à eau chaude et à vapeur
- L’entreprise d’installation de ventilation, de chauffage à air chaud, de conditionnement d’air et de tuyauteries industrielles
- L’entreprise d’installation sanitaire, de chauffage au gaz et de plomberie – zinguerie
- L’entreprise de placement d’adoucisseur d’eau
- Le placement de vitres dans les châssis dont l’exécution ne requiert pas un agrément spécial sur base d’un arrêté royal pris dans le cadre de la loi du quinze décembre mil neuf cent septante sur l’exercice des activités professionnelles dans les petites et moyennes entreprises.
- La démolition et le terrassement
- La rénovation
- La construction, le parachèvement, l’entretien et la rénovation d’immeubles
- La fabrication, l’achat, la vente en gros ou en détail et la commercialisation en général des matériaux nécessaires à la construction ou à la rénovation d’immeubles
- L’activité d’intermédiaire dans de telles opérations
- L’entreprise de travaux d’égout
- L’entreprise de travaux de pose de câbles et de canalisations diverses
- L’entreprise d’aménagement de plaines de jeux et de sport, de parcs et de jardins
- L’entreprise de terrassement
- L’entreprise de construction de pavillons démontables et de baraquements non métalliques
- L’entreprise de place de clôtures
- L’entreprise de fabrication et d’installation de cheminées ornementales (à l’exclusion de travaux de marbrerie, taille de pierres et de mosaïque)
- L’entreprise de placement de ferronnerie, de volets et de menuiserie métallique et P.V.C.
- L’entreprise de nettoyage et de désinfection de maisons et de locaux, meubles, ameublement et objets divers
- L’entreprise de ramonage de cheminées
- L’entreprise de pose de chape, faux plafonds et de cloisons amovibles ; plafonnage
- L’entreprise de peinture industrielle
- L’entreprise de fabrication et de garnissage de meubles non métalliques
- L’entreprise d’installation d’échafaudages, de rejointoyage et de nettoyage de façades
- L’entreprise de pose de parquets
- L’entreprise de placement, d’entretien et de réparation de tous brûleurs
- Le nettoyage de tous locaux et lavage de vitres
- L’entreprise de rénovation d’immeuble, au sens le plus large du terme
- L’import-export de toutes marchandises et de tout objet d’artisanat
- La négociation, la commission et la représentation
- Toute activité en rapport avec la manutention et le déménagement
- Le nettoyage des façades
- L’entreprise de travaux de vitrerie et menuiserie
- Nettoyage générale
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Andrade Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June
Articles of association, deed of 28-04-2023 (in French)
Sites & property
Registered office and establishments
1 establishment unit
Andrade Construct
since 2023unit no. 2.345.337.264
Buildings and parcels at the address
Ground area
183 m²
Building footprint
98 m²
Building volume
1,453 m³
Parcel 21443C0221/00Z004, Brussels · tallest building 17.5 m.
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21443C0221/00Z004 | Brussels | 183 m² | 1 · 98 m² | 17.5 m · 5 |