Andrey Construct
ActiveSummary
Andrey Construct has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €36k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+18
Solvency78▲+17
Growth65=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.56 in 2024; short-term debt: 41.9% and cash: 0.6% of total assets), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 10-10-2025, 40 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
2026
not confirmed
2025
40 d late
2024
46 d late
2023
39 d late
2022
97 d late
2021
174 d late
2020
168 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
€890k▲ 2.7%
2023 · €867k
2019: €814k
2020: €655k
2021: €864k
2022: €1.08M
2023: €867k
2019 → 2024
EBIT margin
4.1%▲ 1.2pp
2023 · 2.8%
2019: 5.4%
2020: 3.2%
2021: 2.4%
2022: 4.0%
2023: 2.8%
2019 → 2024
Net result
€36k▲ 70.3%
2024 · €21k
2019: €15k
2020: €13k
2021: €13k
2022: €25k
2023: €15k
2024: €21k
2019 → 2025
Working capital
€169k▲ 27.4%
2024 · €133k
2019: €72k
2020: €97k
2021: €114k
2022: €115k
2023: €128k
2024: €133k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€864k-€1.08M▲ 24.9%€867k▼ 19.7%€890k▲ 2.7%
Equity€89k-€114k▲ 28.5%€130k▲ 13.3%€151k▲ 16.3%€187k▲ 23.9%
Operating result€21k-€43k▲ 106%€25k▼ 42.7%€36k▲ 47.8%€57k▲ 57.0%
Net result€13k-€25k▲ 91.5%€15k▼ 39.9%€21k▲ 39.0%€36k▲ 70.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€36k ▼ 24.3%
Current assets
€317k ▼ 14.6%
Equity and liabilities €353k
Equity
€187k ▲ 23.9%
Provisions
€14k =
Debt
€152k ▼ 40.0%
Debt's share of the balance-sheet total falls from 60.7% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €51k
Cash flow
€66k▲
2024 · €36k
Current ratio
2.15▲
2024 · 1.56
Debt to equity
0.81▼
2024 · 1.68
ROE
19.3%▲
2024 · 14.0%
ROA
10.2%▲
2024 · 5.1%
Interest coverage
11.14▲
2024 · 7.23
Debt ≤ 1 year
€148k▼
2024 · €238k
Debt > 1 year
€4k▼
2024 · €16k
Income taxes
€13k▲
2024 · €8k
Staff costs
€840▲
2024 · €344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€419k€353k▼
Fixed assets21/28€48k€36k▼
Tangible fixed assets22/27€48k€36k▼
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€31k€27k▼
Current assets29/58€371k€317k▼
Amounts receivable within one year40/41€365k€315k▼
Trade receivables40€299k€267k▼
Other amounts receivable41€66k€49k▼
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€419k€353k▼
Equity10/15€151k€187k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€130k€167k▲
Provisions and deferred taxes16€14k€14k=
Provisions for liabilities and charges160/5€14k€14k=
Environmental obligations163€14k€14k=
Amounts payable17/49€254k€152k▼
Amounts payable after more than one year17€16k€4k▼
Financial debts170/4€16k€4k▼
Amounts payable within one year42/48€238k€148k▼
Current portion of amounts payable after more than one year42€13k€10k▼
Financial debts43€22k-
Credit institutions430/8€22k-
Trade debts44€201k€119k▼
Suppliers440/4€39k€25k▼
Bills of exchange payable441€162k€93k▼
Taxes, remuneration and social security45€3k€19k▲
Taxes450/3€3k€19k▲
Income statement
Code20242025
Turnover70€890k-
Goods, raw materials, services and sundry goods60/61€834k-
Remuneration, social security and pensions62€344€840▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€30k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€56k€92k▲
Operating profit (loss)9901€36k€57k▲
Financial income75/76B-€849
Recurring financial income75-€849
Non-recurring financial income76B-€849
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€8k▲
Non-recurring financial charges66B-€849
Profit (loss) for the period before taxes9903€29k€49k▲
Income taxes67/77€8k€13k▲
Profit (loss) for the period9904€21k€36k▲
Profit (loss) for the period to be appropriated9905€21k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€167k▲
Profit (loss) brought forward from the previous period14P€109k€130k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
31-01
Financial
Highest result since 2019net €36k ▲70.3%
Operating result €57k, net result €36k, both a record.
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
31-01
Financial
Equity above €150kEq €151k ▲16.3%
6 profitable years in a row build equity to €151k.
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 39 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 97 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 174 days late
31-01
Financial
Equity above €100kEq €114k ▲28.5%
4 profitable years in a row build equity to €114k.
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 168 days late
31-01
Financial
Weakest financial yearnet €13k ▼0.7%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
2020
21-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 203 days late
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 103 days late
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ganshoren · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koningin Fabiolaplein 81083 GanshorenGround area
386 m²
Building footprint
303 m²
Volume, LiDAR
5,029 m³
2 parcels, Brussels · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Guido Gezelleplein 10, 1083 Ganshoren
since 20112.199.335.438
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0137/00Z009 | Brussels | 332 m² | 1 · 249 m² | 20.9 m · 6 fl. |
| 21008A0137/00V009 | Brussels | 53 m² | 1 · 53 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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CAMUZEO
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T.V.V.
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IMMO MELOTTE
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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 2,493 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-04-2011
Fiscal year end31-01
Activities, NACEBEL 2025
82100Office administrative and support services
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.