ANDRESCONSTRUCT
ActiveSummary
ANDRESCONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €48,513 and a net result of €12,059. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 237 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability62▼-13
Solvency62▼-32
Growth73▲+38
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 4.6 in 2025; short-term debt: 13% and cash: 1.9% of total assets), but 63.4% of the assets are financed with debt.
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Signals
Three 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
36.6%
Return on assets
9.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 31-08-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
on the day
2025
on the day
2024
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€516,006▲ 40.9%
2025 · €366,127
EBIT margin
4.2%▲ 0.8pp
2025 · 3.4%
Net result
€12,059▲ 39.0%
2025 · €8,675
Working capital
€29,698▼ 25.4%
2025 · €39,804
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202420252026
Turnover€434,504-€366,127▼ 15.7%€516,006▲ 40.9%
Operating result€14,772-€12,369▼ 16.3%€21,512▲ 73.9%
Net result€11,178within the sector's middle half-€8,675within the sector's middle half▼ 22.4%€12,059▲ 39.0%
EBIT margin3.4%-3.4%=4.2%▲ 0.8pp
Equity€27,778within the sector's middle half-€36,454within the sector's middle half▲ 31.2%€48,513▲ 33.1%
Total assets€45,334below the sector's middle half-€52,557below the sector's middle half▲ 15.9%€132,636▲ 152%
Debt€17,555-€16,103▼ 8.3%€84,123▲ 422%
Working capital€33,172within the sector's middle half-€39,804within the sector's middle half▲ 20.0%€29,698▼ 25.4%
Solvency61.3%within the sector's middle half-69.4%within the sector's middle half▲ 8.1pp36.6%▼ 32.8pp
Current ratio4.34above the sector's middle half-4.60above the sector's middle half▲ 0.262.72▼ 1.88
Return on assets (ROA)24.7%above the sector's middle half-16.5%within the sector's middle half▼ 8.2pp9.1%▼ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 74% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €132,636
Fixed assets
€85,646 ▲ 4,945%
Current assets
€46,990 ▼ 7.6%
Equity and liabilities €132,636
Equity
€48,513 ▲ 33.1%
Debt
€84,123 ▲ 422%
Debt's share of the balance-sheet total rises from 30.6% to 63.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,513▲
2025 · €22,793
Cash flow
€19,061▼
2025 · €19,100
Debt to equity
1.73▲
2025 · 0.44
ROE
24.9%▲
2025 · 23.8%
Interest coverage
5.00▼
2025 · 38.31
Debt ≤ 1 year
€17,293▲
2025 · €11,055
Debt > 1 year
€66,830▲
2025 · €5,048
Income taxes
€3,755▲
2025 · €3,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Turnover70 | €434,504 | €366,127 | €516,006 | ▲ 40.9% |
| Goods, raw materials, services and sundry goods60/61 | €415,092 | €344,846 | €489,804 | ▲ 42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,503 | €10,425 | €7,002 | ▼ 32.8% |
| Other operating charges640/8 | €570 | €450 | €400 | ▼ 11.3% |
| Gross operating margin9900 | €20,846 | €23,244 | €28,913 | ▲ 24.4% |
| Operating profit (loss)9901 | €14,772 | €12,369 | €21,512 | ▲ 73.9% |
| Financial income75/76B | €33 | €0 | €0 | ▲ 600% |
| Recurring financial income75 | €33 | €0 | €0 | ▲ 600% |
| Financial charges65/66B | €540 | €595 | €5,698 | ▲ 858% |
| Recurring financial charges65 | €540 | €595 | €5,698 | ▲ 858% |
| Profit (loss) for the period before taxes9903 | €14,264 | €11,774 | €15,814 | ▲ 34.3% |
| Income taxes67/77 | €3,086 | €3,098 | €3,755 | ▲ 21.2% |
| Profit (loss) for the period9904 | €11,178 | €8,675 | €12,059 | ▲ 39.0% |
| Profit (loss) for the period to be appropriated9905 | €11,178 | €8,675 | €12,059 | ▲ 39.0% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45,334 | €52,557 | €132,636 | ▲ 152% |
| Fixed assets21/28 | €2,237 | €1,697 | €85,646 | ▲ 4,945% |
| Tangible fixed assets22/27 | €1,263 | €723 | €84,671 | ▲ 11,609% |
| Land and buildings22 | - | - | €76,600 | - |
| Furniture and vehicles24 | €1,263 | €723 | €8,071 | ▲ 1,016% |
| Financial fixed assets28 | €974 | €974 | €974 | = |
| Current assets29/58 | €43,097 | €50,859 | €46,990 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €39,103 | €39,824 | €43,866 | ▲ 10.1% |
| Trade receivables40 | - | €121 | €963 | ▲ 692% |
| Other amounts receivable41 | €39,103 | €39,703 | €42,903 | ▲ 8.1% |
| Cash at bank and in hand54/58 | €3,106 | €10,347 | €2,503 | ▼ 75.8% |
| Deferred charges and accrued income490/1 | €888 | €688 | €622 | ▼ 9.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45,334 | €52,557 | €132,636 | ▲ 152% |
| Equity10/15 | €27,778 | €36,454 | €48,513 | ▲ 33.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €26,678 | €35,354 | €47,413 | ▲ 34.1% |
| Amounts payable17/49 | €17,555 | €16,103 | €84,123 | ▲ 422% |
| Amounts payable after more than one year17 | €7,631 | €5,048 | €66,830 | ▲ 1,224% |
| Financial debts170/4 | €7,631 | €5,048 | €66,830 | ▲ 1,224% |
| Amounts payable within one year42/48 | €9,925 | €11,055 | €17,293 | ▲ 56.4% |
| Current portion of amounts payable after more than one year42 | €2,239 | €2,583 | €7,583 | ▲ 194% |
| Trade debts44 | €4,600 | €428 | €3,001 | ▲ 602% |
| Suppliers440/4 | €4,600 | €428 | €3,001 | ▲ 602% |
| Taxes, remuneration and social security45 | €3,086 | €8,044 | €6,709 | ▼ 16.6% |
| Taxes450/3 | €3,086 | €6,044 | €6,709 | ▲ 11.0% |
| Remuneration and social security454/9 | - | €2,000 | €0 | ▼ 100% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,178 | €8,675 | €12,059 | ▲ 39.0% |
| + Depreciation and write-downs630 | €5,503 | €10,425 | €7,002 | ▼ 32.8% |
| Operating cash flow (approximation) | €16,682 | €19,100 | €19,061 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€9,885 | -€90,950 | ▼ 820% |
| Change in cash | - | €7,242 | -€7,844 | ▼ 208% |
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 2027, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-01
Financial
Highest result since 2024net €12,059 ▲39%
Operating result €21,512, net result €12,059, both a record.
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
Financial
Weakest financial yearnet €8,675 ▼22.4%
Net result drops to €8,675, the lowest in the series; recovery starts the following year.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Niklaas · 1 establishment unit since 2017
Ground area
427 m²
Building footprint
562 m²
Volume, LiDAR
1,492 m³
2 parcels, Brussels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Gentsesteenweg 663, 1080 Sint-Jans-Molenbeek
since 20172.267.466.159
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46019B1435/00C000 | Flanders | 229 m² | 1 · 440 m² | - |
| 21526D0027/00H002 | Brussels | 198 m² | 1 · 121 m² | 13.7 m · 4 fl. |
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 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,688 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
Founded06-09-2017
Fiscal year end31-01
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
53100Postal and courier activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680778860
Also
9925:BE0680778860
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.