ANDRE
ActiveSummary
The annual accounts of ANDRE for fiscal year 2024 show a net loss of 93% of the equity at the start of that year. The 2024 annual accounts show equity of €709 and a net result of -€9,466. Equity is shrinking by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 36377 sector peers (fiscal year 2024). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-86
Solvency27▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.34 against 2.59 in 2023; short-term debt: 69.4% and cash: 9.8% of total assets), and 98% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
2%
Return on assets
-26.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
126 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
90 d late
← 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 62 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 oldest company in Chaudfontaine, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,466
2023 · €4,561
Working capital
€8,429▼ 57.9%
2023 · €20,038
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
Line20202021202220232024
Operating result-€540▲ 96.1%€1,779-€18,967€6,389-€9,632
Net result-€5,292▲ 66.3%€657-€20,423€4,561-€9,466
Equity€25,380▼ 17.3%€26,037▲ 2.6%€5,613▼ 78.4%€10,175▲ 81.3%€709▼ 93.0%
Total assets€35,884▼ 16.4%€38,298▲ 6.7%€25,077▼ 34.5%€33,041▲ 31.8%€36,002▲ 9.0%
Debt€10,504▼ 14.4%€12,261▲ 16.7%€19,463▲ 58.7%€22,867▲ 17.5%€35,294▲ 54.3%
Working capital€26,182▼ 13.0%€32,860▲ 25.5%€14,524▼ 55.8%€20,038▲ 38.0%€8,429▼ 57.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9,632 after €6,389 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36,002
Fixed assets
€2,573 ▲ 498%
Current assets
€33,429 ▲ 2.5%
Equity and liabilities €36,002
Equity
€709 ▼ 93.0%
Debt
€35,294 ▲ 54.3%
Debt's share of the balance-sheet total rises from 69.2% to 98.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,287▼
2023 · €7,078
Cash flow
-€9,121▼
2023 · €5,251
Current ratio
1.34▼
2023 · 2.59
ROA
-26.3%▼
2023 · 13.8%
Interest coverage
-66.78▼
2023 · 58.69
Debt ≤ 1 year
€25,000▲
2023 · €12,573
Debt > 1 year
€10,294=
2023 · €10,294
Equity ratios withheld: equity of €709 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €379 | €959 | €959 | €689 | €345 | ▼ 49.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €7,942 | - | - | - |
| Other operating charges640/8 | - | €917 | €106 | €1,465 | €510 | ▼ 65.2% |
| Gross operating margin9900 | €371 | €3,655 | -€9,960 | €8,543 | -€8,776 | ▼ 203% |
| Operating profit (loss)9901 | -€540 | €1,779 | -€18,967 | €6,389 | -€9,632 | ▼ 251% |
| Financial income75/76B | - | €435 | €225 | €0 | €305 | ▲ 762,250% |
| Recurring financial income75 | €0 | €1 | €225 | €0 | €305 | ▲ 762,250% |
| Non-recurring financial income76B | - | €434 | €225 | - | €305 | - |
| Financial charges65/66B | - | €489 | €1,681 | €1,828 | €139 | ▼ 92.4% |
| Recurring financial charges65 | €110 | €89 | €103 | €121 | €139 | ▲ 15.3% |
| Non-recurring financial charges66B | - | €400 | €1,578 | €1,707 | - | - |
| Profit (loss) for the period before taxes9903 | -€964 | €1,724 | -€20,423 | €4,561 | -€9,466 | ▼ 308% |
| Income taxes67/77 | €4,328 | €1,068 | - | - | - | - |
| Profit (loss) for the period9904 | -€5,292 | €657 | -€20,423 | €4,561 | -€9,466 | ▼ 308% |
| Profit (loss) for the period to be appropriated9905 | -€5,292 | €657 | -€20,423 | €4,561 | -€9,466 | ▼ 308% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,884 | €38,298 | €25,077 | €33,041 | €36,002 | ▲ 9.0% |
| Fixed assets21/28 | €970 | €2,079 | €1,119 | €430 | €2,573 | ▲ 498% |
| Tangible fixed assets22/27 | €540 | €1,649 | €689 | - | €2,143 | - |
| Plant, machinery and equipment23 | - | €270 | - | - | €2,143 | - |
| Furniture and vehicles24 | - | €1,379 | €689 | - | - | - |
| Financial fixed assets28 | €430 | €430 | €430 | €430 | €430 | = |
| Current assets29/58 | €34,915 | €36,219 | €23,957 | €32,611 | €33,429 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €25,439 | €23,980 | €20,414 | €31,797 | €29,903 | ▼ 6.0% |
| Trade receivables40 | - | €14,797 | €18,950 | €31,414 | €27,591 | ▼ 12.2% |
| Other amounts receivable41 | - | €9,183 | €1,464 | €384 | €2,312 | ▲ 503% |
| Cash at bank and in hand54/58 | €9,476 | €12,239 | €3,544 | €814 | €3,526 | ▲ 333% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,884 | €38,298 | €25,077 | €33,041 | €36,002 | ▲ 9.0% |
| Equity10/15 | €25,380 | €26,037 | €5,613 | €10,175 | €709 | ▼ 93.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €4,929 | €5,585 | -€14,838 | -€10,277 | -€19,743 | ▼ 92.1% |
| Amounts payable17/49 | €10,504 | €12,261 | €19,463 | €22,867 | €35,294 | ▲ 54.3% |
| Amounts payable after more than one year17 | €1,568 | €5,035 | €8,325 | €10,294 | €10,294 | = |
| Financial debts170/4 | - | €5,035 | €8,325 | €10,294 | €10,294 | = |
| Amounts payable within one year42/48 | €8,733 | €3,360 | €9,434 | €12,573 | €25,000 | ▲ 98.8% |
| Trade debts44 | €8,733 | €3,260 | €4,847 | €5,152 | €9,836 | ▲ 90.9% |
| Suppliers440/4 | - | €3,260 | €4,847 | €5,152 | €9,836 | ▲ 90.9% |
| Advances received on contracts in progress46 | - | - | €3,765 | €1,385 | €1,385 | = |
| Taxes, remuneration and social security45 | - | €99 | €822 | €6,035 | €13,779 | ▲ 128% |
| Taxes450/3 | - | €79 | €822 | - | - | - |
| Remuneration and social security454/9 | - | €20 | - | €6,035 | €13,779 | ▲ 128% |
| Accrued charges and deferred income492/3 | - | €3,867 | €1,705 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,292 | €657 | -€20,423 | €4,561 | -€9,466 | ▼ 308% |
| + Depreciation and write-downs630 | €379 | €959 | €959 | €689 | €345 | ▼ 49.9% |
| Operating cash flow (approximation) | -€4,913 | €1,616 | -€19,464 | €5,251 | -€9,121 | ▼ 274% |
| Investment in fixed assets (approximation) | - | -€2,068 | €0 | €0 | -€2,489 | - |
| Change in cash | - | €2,763 | -€8,695 | -€2,730 | €2,713 | ▲ 199% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 126 days late
2023
31-12
Financial
Back to profitnet €4,561
Net result €4,561 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€20,423
Net result drops to -€20,423, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €657
Net result €657 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 10.78
Current ratio from 4.00 to 10.78; short-term debt falls from €8,733 to €3,360.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 47 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 412 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Chaudfontaine · 1 establishment unit since 1988
Ground area
5,567 m²
Building footprint
417 m²
Volume, LiDAR
3,340 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A. ANDRE LE SERRURIER
since 19882.033.489.588
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022C0157/00G000 | Wallonia | 5,410 m² | 1 · 416 m² | 9.7 m · 3 fl. |
| 62047C1255/00P021 | Wallonia | 157 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 494 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 (pre-2019)
Founded15-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43990Other specialised construction activities
25999Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.