ANDY-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ANDY-CONSTRUCT is 1.6% (moderate). The 2026 annual accounts show equity of €38,214 and a net result of €1,972. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 82% of 213 sector peers (fiscal year 2026). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability74▼-13
Solvency100▲+3
Growth68=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.95 against 3.2 in 2025; short-term debt: 13.5% and cash: 30.2% of total assets), and 13.5% 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 · 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
86.5%
Return on assets
4.5%
Age of the figures
8 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
212223242526
2021 to 2026 · latest year €38,214
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 · 6 filingsDeviation from the deadline
2026
on the day
2025
2 d early
2024
30 d late
2023
30 d late
2022
30 d late
2021
18 d early
← 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 12 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 (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
26-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€263,556▲ 19.6%
2021 · €220,334
EBIT margin
1.1%▼ 9.3pp
2021 · 10.3%
Net result
€1,972▼ 72.7%
2025 · €7,232
Working capital
€35,321▲ 15.5%
2025 · €30,580
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
Line20222023202420252026
Turnover€263,556▲ 19.6%
Operating result€2,834▼ 87.6%€4,783▲ 68.8%-€7,273€9,040€2,902▼ 67.9%
Net result€1,117▼ 92.8%€3,053▲ 173%-€9,377€7,232€1,972▼ 72.7%
EBIT margin1.1%▼ 9.3pp
Equity€35,335▲ 3.3%€38,388▲ 8.6%€29,010▼ 24.4%€36,242▲ 24.9%€38,214▲ 5.4%
Total assets€86,238▲ 7.0%€46,232▼ 46.4%€42,842▼ 7.3%€50,118▲ 17.0%€44,155▼ 11.9%
Debt€50,903▲ 9.8%€7,844▼ 84.6%€13,831▲ 76.3%€13,877▲ 0.3%€5,941▼ 57.2%
Working capital€23,210▲ 5.6%€28,837▲ 24.2%€20,436▼ 29.1%€30,580▲ 49.6%€35,321▲ 15.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 68% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €44,155
Fixed assets
€2,893 ▼ 48.9%
Current assets
€41,262 ▼ 7.2%
Equity and liabilities €44,155
Equity
€38,214 ▲ 5.4%
Debt
€5,941 ▼ 57.2%
Debt's share of the balance-sheet total falls from 27.7% to 13.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,497▼
2025 · €12,992
Cash flow
€5,567▼
2025 · €11,184
Current ratio
6.95▲
2025 · 3.20
Debt to equity
0.16▼
2025 · 0.38
ROE
5.2%▼
2025 · 20.0%
ROA
4.5%▼
2025 · 14.4%
Interest coverage
22.45▼
2025 · 39.39
Debt ≤ 1 year
€5,941▼
2025 · €13,877
Income taxes
€641▼
2025 · €1,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €263,556 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €258,631 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,416 | €2,902 | €3,560 | €3,952 | €3,595 | ▼ 9.0% |
| Other operating charges640/8 | €1,796 | €781 | €1,276 | €1,608 | €2,529 | ▲ 57.2% |
| Gross operating margin9900 | €7,046 | €8,467 | -€2,438 | €14,601 | €9,025 | ▼ 38.2% |
| Operating profit (loss)9901 | €2,834 | €4,783 | -€7,273 | €9,040 | €2,902 | ▼ 67.9% |
| Financial income75/76B | - | €14 | €1 | €1 | €0 | ▼ 97.9% |
| Recurring financial income75 | - | €14 | €1 | €1 | €0 | ▼ 97.9% |
| Financial charges65/66B | €370 | €240 | €289 | €330 | €289 | ▼ 12.3% |
| Recurring financial charges65 | €370 | €240 | €289 | €330 | €289 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €2,464 | €4,557 | -€7,562 | €8,712 | €2,613 | ▼ 70.0% |
| Income taxes67/77 | €1,347 | €1,504 | €1,815 | €1,480 | €641 | ▼ 56.7% |
| Profit (loss) for the period9904 | €1,117 | €3,053 | -€9,377 | €7,232 | €1,972 | ▼ 72.7% |
| Profit (loss) for the period to be appropriated9905 | €1,117 | €3,053 | -€9,377 | €7,232 | €1,972 | ▼ 72.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,238 | €46,232 | €42,842 | €50,118 | €44,155 | ▼ 11.9% |
| Fixed assets21/28 | €12,125 | €9,551 | €8,574 | €5,662 | €2,893 | ▼ 48.9% |
| Tangible fixed assets22/27 | €10,875 | €8,301 | €7,324 | €4,412 | €1,643 | ▼ 62.8% |
| Plant, machinery and equipment23 | - | €326 | €489 | €284 | €80 | ▼ 71.7% |
| Furniture and vehicles24 | €10,875 | €7,975 | €6,835 | €4,128 | €1,562 | ▼ 62.2% |
| Financial fixed assets28 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €74,113 | €36,681 | €34,267 | €44,457 | €41,262 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €47,866 | €24,156 | €24,107 | €20,940 | €27,225 | ▲ 30.0% |
| Trade receivables40 | €39,917 | €22,097 | €22,720 | €17,668 | €23,562 | ▲ 33.4% |
| Other amounts receivable41 | €7,949 | €2,059 | €1,387 | €3,272 | €3,663 | ▲ 12.0% |
| Cash at bank and in hand54/58 | €26,247 | €11,675 | €9,190 | €22,477 | €13,352 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | - | €851 | €970 | €1,039 | €685 | ▼ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,238 | €46,232 | €42,842 | €50,118 | €44,155 | ▼ 11.9% |
| Equity10/15 | €35,335 | €38,388 | €29,010 | €36,242 | €38,214 | ▲ 5.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | - | - | - | - | - |
| Issued capital100 | €1,000 | - | - | - | - | - |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | - | - | - | - | - |
| Legal reserve130 | €100 | - | - | - | - | - |
| Distributable reserves133 | - | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €34,235 | €37,288 | €27,910 | €35,142 | €37,114 | ▲ 5.6% |
| Amounts payable17/49 | €50,903 | €7,844 | €13,831 | €13,877 | €5,941 | ▼ 57.2% |
| Amounts payable within one year42/48 | €50,903 | €7,844 | €13,831 | €13,877 | €5,941 | ▼ 57.2% |
| Current portion of amounts payable after more than one year42 | €2,295 | - | - | - | - | - |
| Trade debts44 | €41,410 | €5,103 | €9,213 | €10,816 | €5,300 | ▼ 51.0% |
| Suppliers440/4 | €4,679 | €5,103 | €9,213 | €10,816 | €5,300 | ▼ 51.0% |
| Bills of exchange payable441 | €36,731 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €7,198 | €2,741 | €4,619 | €2,980 | €641 | ▼ 78.5% |
| Taxes450/3 | €7,198 | €1,541 | €488 | €1,480 | €641 | ▼ 56.7% |
| Remuneration and social security454/9 | - | €1,200 | €4,131 | €1,500 | - | - |
| Other amounts payable47/48 | - | - | - | €80 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,117 | €3,053 | -€9,377 | €7,232 | €1,972 | ▼ 72.7% |
| + Depreciation and write-downs630 | €2,416 | €2,902 | €3,560 | €3,952 | €3,595 | ▼ 9.0% |
| Operating cash flow (approximation) | €3,533 | €5,955 | -€5,817 | €11,184 | €5,567 | ▼ 50.2% |
| Investment in fixed assets (approximation) | - | -€328 | -€2,583 | -€1,040 | -€826 | ▲ 20.6% |
| Change in cash | - | -€14,572 | -€2,485 | €13,287 | -€9,125 | ▼ 169% |
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
Liquidity doublescurrent ratio 6.95
Current ratio from 3.20 to 6.95; short-term debt falls from €13,877 to €5,941.
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
Financial
Back to profitnet €7,232
Net result €7,232 after one loss-making year.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
31-01
Financial
Weakest financial yearnet -€9,377
Net result drops to -€9,377, the lowest in the series; recovery starts the following year.
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-01
Financial
Liquidity triplescurrent ratio 4.68
Current ratio from 1.46 to 4.68; short-term debt falls from €50,903 to €7,844.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel · 1 establishment unit since 2013
Ground area
187 m²
Building footprint
164 m²
Volume, LiDAR
2,562 m³
Parcel 21816G0163/00Y003, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
de Smet de Naeyerlaan 506, 1020 Brussel
since 20132.220.419.080
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0163/00Y003 | Brussels | 187 m² | 1 · 164 m² | 18.4 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 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,898 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
Founded05-07-2013
Fiscal year end31-01
Activities, NACEBEL 2025
43990Other specialised construction activities
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43342Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.