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AR CONSTRUCT

Active
Private limited companyfounded 201511 yrs activeAvenue des Erables 52, 1410 Waterloo, BelgiumKBO/BCE: BE 0632.914.706
Summary

AR CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,043 and a net result of €26,936. Equity is growing by ~76.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 33943 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
AR CONSTRUCTActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Insulation installation
NACE 43230NACE 43291
1 site
Size
€120,977total assets 2025
Equity
€78,043
Profit
€26,936
Turnover not published (abridged schema)
Financial health
88 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 2 d late1 of 5 deeds read
Why 88- 1 change of registered office in 24 months- Size: total assets €120,977+ Liquidity: current ratio 2.67, cash €33,144+ Equity €78,043 (64.5% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Better than 76% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 90+2
equity 64.5% of total assets
Liquidity 68+7
short-term debt 35.5% · cash 27.4%
Profitability 97-2
return on assets 22.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%▼ -5.9% vs 11-2024 01-2025: 0.9%▲ +16.3% vs 12-2024 02-2025: 1.2%▲ +32.0% vs 01-2025highest value 03-2025: 0.7%▼ -42.2% vs 02-2025 04-2025: 0.7%● 0.0% vs 03-2025 05-2025: 0.7%● 0.0% vs 04-2025 06-2025: 0.7%● 0.0% vs 05-2025 07-2025: 0.7%● 0.0% vs 06-2025 08-2025: 0.7%▲ +1.6% vs 07-2025 09-2025: 0.7%● 0.0% vs 08-2025 10-2025: 0.8%▲ +12.7% vs 09-2025 11-2025: 0.8%▼ -2.1% vs 10-2025 12-2025: 0.7%▼ -17.3% vs 11-2025 01-2026: 0.8%▲ +15.5% vs 12-2025 02-2026: 1.1%▲ +50.4% vs 01-2026 03-2026: 0.2%▼ -83.7% vs 02-2026lowest value 04-2026: 0.2%● 0.0% vs 03-2026lowest value 05-2026: 0.2%▲ +1.6% vs 04-2026 06-2026: 0.3%▲ +58.2% vs 05-2026 07-2026: 0.3%● 0.0% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%▲ +16.4% vs 09-2026
  • Liquidity: current ratio 2.67, cash €33,144 lowers the probability
  • 1 change of registered office in 24 months raises the probability
  • Size: total assets €120,977 raises the probability for this profile
  • Equity €78,043 (64.5% of total assets) lowers the probability
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.67 against 8.95 in 2024; short-term debt: 35.5% and cash: 27.4% of total assets), and 35.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 70%, liquidity 67%, profitability 83%, growth against the median 84%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 2.67, cash €33,144
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Size: total assets €120,977
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Equity €78,043 (64.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 filings
Deviation from the deadline
2025
2 d late
2024
on the day
2023
6 d early
2022
2 d late
2021
6 d early
2020
5 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close06-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Highest result since 2019net €26,936 ▲36.3%

Key points

  • Positive: 5 profitable years in a rowprofit 2025: €26,936 5 years View
  • Total assets 20256 fiscal years filed €120,977 View
  • Active since 2015founded 01-07-2015 11 years View

By topic

Financials

Fiscal year
2025
Total assets
€120,977
Profit
€26,936
Solvency
64.5%
Go to Financials

Timeline

Events
17
Since
2018
Next accounts
by 31-01-2027
  1. 07-05-2026Registered office
  2. 02-02-2026Annual accounts filed
  3. 30-06-2025Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Insulation installationNACE 43230
Founded
01-07-2015
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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