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ART CONSTRUCT EUROPA

Active
Private limited companyfounded 2018active for 8 yearsDendermondsestraat 234, 1083 Ganshoren, BelgiumKBO/BCE: BE 0688.942.104
Summary

The computed 12-month bankruptcy probability of ART CONSTRUCT EUROPA is 9.5% (elevated). The 2024 annual accounts show equity of €29,780 and a net result of -€16,920. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 57% of 9,842 sector peers (NACE 41, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€60,625total assets 2024
Equity
€29,780
Loss
-€16,920
Turnover not published (micro format)
Financial health
32 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
9.5%
Structure
Accounts 75 days overdue1 of 3 deeds read
Why 32raises risk1 financial year not filed after the legal deadline; latest accounts 139 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 23-12-2025)Liquidity: current ratio 1.87Sector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 31% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Weak
Solvency 74-7
equity 49.1% of total assets
Liquidity 49-23
short-term debt 50.9%
Profitability 0-51
return on assets -27.9%
Bankruptcy probability, 12 months
9.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 1 in 11 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,400 companies, NACE 41, micro)
Last 24 months 11-2024: 8.7% 12-2024: 9.6%▲ +0.9 percentage points vs 11-2024 01-2025: 11.7%▲ +2.1 percentage points vs 12-2024highest value 02-2025: 7.1%▼ -4.6 percentage points vs 01-2025 03-2025: 7.1%● unchanged vs 02-2025 04-2025: 7.1%● unchanged vs 03-2025 05-2025: 7.0%▼ -0.1 percentage points vs 04-2025 06-2025: 6.7%▼ -0.3 percentage points vs 05-2025 07-2025: 6.4%▼ -0.3 percentage points vs 06-2025 08-2025: 7.1%▲ +0.7 percentage points vs 07-2025 09-2025: 7.1%● unchanged vs 08-2025 10-2025: 9.2%▲ +2.1 percentage points vs 09-2025 11-2025: 9.4%▲ +0.2 percentage points vs 10-2025 12-2025: 10.3%▲ +0.9 percentage points vs 11-2025 01-2026: 7.1%▼ -3.2 percentage points vs 12-2025 02-2026: 7.1%● unchanged vs 01-2026 03-2026: 7.0%▼ -0.1 percentage points vs 02-2026 04-2026: 7.0%● unchanged vs 03-2026 05-2026: 6.9%▼ -0.1 percentage points vs 04-2026 06-2026: 6.3%▼ -0.6 percentage points vs 05-2026 07-2026: 6.0%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: 6.7%▲ +0.7 percentage points vs 07-2026 09-2026: 6.9%▲ +0.2 percentage points vs 08-2026 10-2026: 9.5%▲ +2.6 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 1.87, compared with 2.53 in 2023, above the usual 1.5; short-term debt: 50.9% of total assets), but 50.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 57% on solvency, 48% on liquidity, 5% on profitability and 14% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 139 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 23-12-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.87
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€16,920
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 7 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
139 days late
2023
153 days late
2022
91 days late
2021
74 days late
2020
166 days late
2019
137 days late
← 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 127 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: FERTADI Nicolae (director)Gazette deed
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet -€16,920

Key points

  • Caution: Among the weakest 10% on net resultsector median €7,912 · 9,833 companies -€16,920 View
  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€16,920 View

By topic

Financials

Financial year
2024
Total assets
€60,625
Loss
-€16,920
Solvency
49.1%
Go to Financials

Timeline

Events
10
Since
2019
  1. 31-12-2024Annual accounts filed
  2. 30-10-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
26-01-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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