Active BE 0795.131.566Private limited company

Area Construct

Kortrijksesteenweg 1266 ·9051 Gent, Belgium· 3 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of Area Construct is 3.7% (moderate). The 2024 annual accounts show equity of €164k and a net result of €-62k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€164k
Net result	€-62k
Active	3 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 22

Profitability 0

Solvency 40

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

3.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

22 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

EBITDA

€-28k

-395.6% 23-24

Net profit

€-62k

-170.8% 23-24

Cash flow

€-62k

-201.8% 23-24

Total assets

€1.63M

-17.8% 23-24

Equity

€164k

-27.5% 23-24

Working capital

€849k

-34.3% 23-24

Debt

€1.47M

-16.5% 23-24

Debt ≤ 1y

€785k

+12.9% 23-24

Show 8 other metrics

Debt > 1y

€650k

-38.1% 23-24

Current ratio

2.08

-27.2% 23-24

Quick ratio

0.10

+36.2% 23-24

Solvency

10.1%

-11.9% 23-24

Debt / equity

8.94

+15.2% 23-24

ROE

-38.0%

-273.6% 23-24

ROA

-3.8%

-229.2% 23-24

Interest coverage

-0.79

-115.2% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-28k
Net profit	€-62k
Cash flow	€-62k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€1.63M
Equity	€164k
Debt	€1.47M
of which ≤ 1y	€785k
of which > 1y	€650k
Working capital	€849k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.08
Quick ratio	0.10
Working capital ratio	51.9%
Solvency	10.1%
Debt / equity	8.94
Long-term debt ratio	3.95
Interest coverage	-0.79
Gross margin	-
Net margin	-
ROA	-3.8%
ROE	-38.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €164k · 10.1% Debt €1.47M · 89.9%

Full annual accounts (18 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.63M
Current assets	29/58	€1.63M
Stocks & contracts in progress	3	€1.55M
Cash & bank	54/58	€81k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.63M
Equity	10/15	€164k
Contributions / capital	10/11	€250k
Accumulated profits (losses)	14	€-86k
Amounts payable	17/49	€1.47M
Amounts payable after one year	17	€650k
Amounts payable within one year	42/48	€785k
Trade debts payable within one year	44	€929
Income statement
Gross operating margin	9900	€-26k
Operating result	9901	€-28k
Financial charges	65	€35k
Result before taxes	9903	€-62k
Net result for the period	9904	€-62k
Result to be appropriated	9905	€-62k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	20-12-2022
Status	Active
Postal code	9051

Establishment units 1 location

Area Construct

Kortrijksesteenweg 1266, 9051 GentOntwikkeling van residentiële bouwprojecten

since 20222.341.829.527

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44062C0003/00P000	Flanders	3,699 m²	1 · 769 m²	17.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

28-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

15-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

Area Construct

Registered office

Kortrijksesteenweg 1266

9051 Gent, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.