ART CONSTRUCT IMMO
ActiveSummary
The computed 12-month bankruptcy probability of ART CONSTRUCT IMMO is 4.0% (elevated). The annual accounts of ART CONSTRUCT IMMO for financial year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €131,543 and a net result of -€166,755. Equity has been growing by about 6.1% per year since 2018. Its solvency ranks better than 13% of 9,909 sector peers (NACE 43, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-02-1989 Normal situation
- Activity
- Roofing work NACE 43410and 2 others
- Establishment unit
- 2.044.478.995 1082 Sint-Agatha-Berchem, since 04-08-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.0%
Annual accounts 2025
- Gross margin
- €449,902
- ▼ 35.3%
- Turnover
- ≈ €1.2m
- estimated
- Loss
- €166,755
- Equity
- €131,543
- ▼ 55.9%
- Total assets
- €1.2m
- ▲ 9.5%
- Staff
- 10.2 FTE
Score breakdownraises riskLoss of €166,755 (financial year 2025)Equity €131,543 (11.0% of total assets)Sector: Specialised construction activities (NACE 43)Size: 10.2 FTE, total assets €1.2mShow the evidence
Checked score
Score 2025
46
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency
36-16
equity 11.0% of total assets
Liquidity
37-14
short-term debt 37.5% · cash 3.1%
Profitability
1-37
return on assets -14.0%
Bankruptcy probability within 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 4.0%▲ +3.7 percentage points vs 07-2026highest value
09-2026: 4.0%● unchanged vs 08-2026highest value
10-2026: 4.0%● unchanged vs 09-2026highest value
11-2026: 4.0%● unchanged vs 10-2026highest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.93 (1.49 in 2024), below 1. Short-term debt is 37.5% and cash 3.1% of total assets. 89% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 43, small). It does better than 11% of them on solvency, 34% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9909 sector peers (2025).
NBB · sector comparisonPosition among 9909 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
36 days early
2023
27 days late
2022
24 days early
2021
30 days late
2020
13 days late
2019
65 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 37 filings
Turnover
≈ €1.2m
Estimated: probably between €970,000 and €1.7m
EBIT margin
Not included in this filing
Net result
-€166,755
2024 · €12,891
Working capital
-€29,477
2024 · €94,052
In the rankings
#6 oldest company in Sint-Agatha-Berchem, Construction sector#9 company by total assets in Sint-Agatha-Berchem, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€126,106
2025
20182025
Net result
-€166,755
2025
lowest quarter of the sector
20182025
Equity
€131,543
▼ 55.9%
2025
middle half of the sector
20182025
Total assets
€1.2m
▲ 9.5%
2025
middle half of the sector
20182025
Debt
€1.1m
▲ 34.2%
2025
20182025
Working capital
-€29,477
2025
lowest quarter of the sector
20182025
Solvency
11.0%
▼ 16.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.93
▼ 0.56
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-14.0%
▼ 15.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
10.2
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m-€0.05m-€0.07m€0.1m€0.1m▲ 0.1%€0.1m▲ 44.3%€0.08m▼ 45.8%-€0.1m
Net result€245-€0.01m▲ 47×-€0.08mbelow the sector's middle half€0.08mabove the sector's middle half€0.07mabove the sector's middle half▼ 13.3%€0.09mwithin the sector's middle half▲ 36.0%€0.01mwithin the sector's middle half▼ 86.2%-€0.2mbelow the sector's middle half
Equity€0.2m-€0.2m▲ 5.7%€0.06mwithin the sector's middle half▼ 70.6%€0.1mabove the sector's middle half▲ 125%€0.2mabove the sector's middle half▲ 48.2%€0.3mwithin the sector's middle half▲ 37.2%€0.3mabove the sector's middle half▲ 2.7%€0.1mwithin the sector's middle half▼ 55.9%
Total assets€1.0m-€1.0m▼ 3.0%€0.8mabove the sector's middle half▼ 13.5%€0.8mabove the sector's middle half▼ 3.6%€0.7mabove the sector's middle half▼ 9.4%€0.9mwithin the sector's middle half▲ 17.2%€1.1mabove the sector's middle half▲ 27.9%€1.2mwithin the sector's middle half▲ 9.5%
Debt€0.8m-€0.7m▼ 5.2%€0.8m▲ 3.0%€0.7m▼ 14.2%€0.5m▼ 21.9%€0.6m▲ 9.0%€0.8m▲ 41.0%€1.1m▲ 34.2%
Working capital€0.1m-€0.1m▲ 4.9%-€0.1mbelow the sector's middle half€0.01mwithin the sector's middle half€0.09mabove the sector's middle half▲ 552%€0.2mwithin the sector's middle half▲ 75.0%€0.09mabove the sector's middle half▼ 43.2%-€0.03mbelow the sector's middle half
Solvency20.6%-22.4%▲ 1.8pp7.6%below the sector's middle half▼ 14.8pp17.8%below the sector's middle half▲ 10.2pp29.1%within the sector's middle half▲ 11.3pp34.1%within the sector's middle half▲ 5.0pp27.4%within the sector's middle half▼ 6.7pp11.0%below the sector's middle half▼ 16.4pp
Current ratio1.48-1.51▲ 0.030.59below the sector's middle half▼ 0.921.06below the sector's middle half▲ 0.481.83within the sector's middle half▲ 0.772.13within the sector's middle half▲ 0.301.49within the sector's middle half▼ 0.630.93below the sector's middle half▼ 0.56
Return on assets (ROA)0.0%-1.2%▲ 1.2pp-9.0%below the sector's middle half▼ 10.2pp9.9%within the sector's middle half▲ 19.0pp9.5%within the sector's middle half▼ 0.4pp11.0%within the sector's middle half▲ 1.5pp1.2%within the sector's middle half▼ 9.8pp-14.0%below the sector's middle half▼ 15.2pp
Staff (FTE)10.5-10.6▲ 1.0%4.1above the sector's middle half▼ 61.3%7.2▲ 75.6%9.1▲ 26.4%10.2above the sector's middle half
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €126,106, after a profit of €78,619 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€774,367 ▼ 3.8%
Current assets
€418,369 ▲ 47.0%
Equity and liabilities €1.2m
Equity
€131,543 ▼ 55.9%
Debt
€1.1m ▲ 34.2%
Debt's share of the balance-sheet total rises from 72.6% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€71,419▼
2024 · €124,890
Cash flow
-€112,068▼
2024 · €59,162
Quick ratio
0.88▼
2024 · 1.41
Debt to equity
8.07▲
2024 · 2.65
ROE
-126.8%▼
2024 · 4.3%
Interest coverage
-2.10▼
2024 · 2.16
Debt ≤ 1 year
€447,846▲
2024 · €190,484
Debt > 1 year
€613,347▲
2024 · €600,368
Income taxes
€606▼
2024 · €6,926
Staff costs
€496,810▼
2024 · €551,409
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | - | 10 |
| full-time | - | 10 |
| in full-time equivalents | - | 10 |
| Average over the year, in full-time equivalents | 7.2 | 9.1 |
| On a permanent contract | - | 7 |
| Joined | - | 2 |
| Left | - | 0 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,689 | €21,259 | €56,469 | €338,693 | €24,439 |
| Depreciation and write-downs of the year | €35,354 | €38,207 | €31,997 | €46,271 | €54,687 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,066 | - | - | €8,865 | - |
| Remuneration, social security and pensions62 | - | - | - | €151,379 | €261,490 | €332,778 | €551,409 | €496,810 | ▼ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,728 | €41,746 | €41,542 | €35,354 | €38,207 | €31,997 | €46,271 | €54,687 | ▲ 18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €7,562 | - | - | - |
| Other operating charges640/8 | - | - | - | €8,810 | €12,155 | €15,279 | €18,884 | €24,512 | ▲ 29.8% |
| Gross operating margin9900 | €314,997 | €357,710 | €131,502 | €295,998 | €412,439 | €532,732 | €695,183 | €449,902 | ▼ 35.3% |
| Operating profit (loss)9901 | -€15,460 | €49,920 | -€70,239 | €100,456 | €100,588 | €145,117 | €78,619 | -€126,106 | - |
| Financial income75/76B | - | - | - | €5,236 | €3,298 | €8,406 | €744 | €943 | ▲ 26.8% |
| Recurring financial income75 | €31,216 | €268 | €28,791 | €5,236 | €3,298 | €2,730 | €744 | €943 | ▲ 26.8% |
| Non-recurring financial income76B | - | - | - | - | - | €5,676 | - | - | - |
| Financial charges65/66B | - | - | - | €20,469 | €12,164 | €18,440 | €59,545 | €40,985 | ▼ 31.2% |
| Recurring financial charges65 | €14,641 | €37,390 | €33,683 | €20,469 | €12,164 | €12,440 | €57,845 | €34,079 | ▼ 41.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €6,000 | €1,700 | €6,906 | ▲ 306% |
| Profit (loss) for the period before taxes9903 | €1,115 | €12,798 | -€75,131 | €85,223 | €91,721 | €135,084 | €19,817 | -€166,149 | - |
| Income taxes67/77 | €870 | €1,220 | €109 | €5,762 | €22,843 | €41,390 | €6,926 | €606 | ▼ 91.2% |
| Profit (loss) for the period9904 | €245 | €11,578 | -€75,240 | €79,462 | €68,879 | €93,694 | €12,891 | -€166,755 | - |
| Profit (loss) for the period to be appropriated9905 | €245 | €11,578 | -€75,240 | €79,462 | €68,879 | €93,694 | €12,891 | -€166,755 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.0m | €0.8m | €0.8m | €0.7m | €0.9m | €1.1m | €1.2m | ▲ 9.5% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.7m | €0.6m | €0.5m | €0.5m | €0.8m | €0.8m | ▼ 3.8% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.8m | €0.8m | ▼ 3.8% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.8m | €0.8m | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 15.5% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 34.2% |
| Leasing and similar rights25 | - | - | - | €0.007m | €0 | €0 | - | - | - |
| Financial fixed assets28 | - | - | €0.1m | €0.06m | €0.03m | €0.03m | - | - | - |
| Current assets29/58 | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 47.0% |
| Stocks and contracts in progress3 | €0.03m | €0.03m | €0.009m | €0.01m | €0.01m | €0.01m | €0.02m | €0.03m | ▲ 64.7% |
| Stocks30/36 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.03m | ▲ 64.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.08m | €0.1m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 63.7% |
| Trade receivables40 | - | - | - | €0.09m | €0.1m | €0.09m | €0.2m | €0.3m | ▲ 65.8% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.02m | €0.03m | €0.04m | ▲ 49.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.08m | €0.1m | €0.04m | €0.2m | €0.05m | €0.04m | ▼ 20.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.006m | €0.004m | €0.01m | €0.009m | ▼ 16.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €0.8m | €0.8m | €0.7m | €0.9m | €1.1m | €1.2m | ▲ 9.5% |
| Equity10/15 | €0.2m | €0.2m | €0.06m | €0.1m | €0.2m | €0.3m | €0.3m | €0.1m | ▼ 55.9% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.2m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | €0.002m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €0.05m | €0.08m | €0.2m | €0.2m | €0.2m | ▲ 1.1% |
| Profit (loss) carried forward14 | €0.04m | €0.04m | -€0.03m | €0.03m | €0.06m | €0.06m | €0.07m | -€0.1m | - |
| Amounts payable17/49 | €0.8m | €0.7m | €0.8m | €0.7m | €0.5m | €0.6m | €0.8m | €1.1m | ▲ 34.2% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.6m | €0.6m | ▲ 2.2% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.6m | €0.6m | ▲ 2.2% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | €0.4m | ▲ 135% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.03m | €0.04m | €0.05m | €0.08m | ▲ 59.0% |
| Trade debts44 | €0.1m | €0.07m | €0.05m | €0.04m | €0.06m | €0.02m | €0.1m | €0.2m | ▲ 142% |
| Suppliers440/4 | - | - | - | €0.04m | €0.06m | €0.02m | €0.1m | €0.2m | ▲ 142% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.02m | €0.08m | €0.02m | €0.1m | ▲ 519% |
| Taxes450/3 | - | - | - | €0.006m | €0.02m | €0.02m | €0.01m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.008m | €0.05m | €0.004m | €0.1m | ▲ 23× |
| Other amounts payable47/48 | - | - | - | - | - | €0.01m | €0.02m | €0.03m | ▲ 8.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €245 | €11,578 | -€75,240 | €79,462 | €68,879 | €93,694 | €12,891 | -€166,755 | - |
| + Depreciation and write-downs630 | €46,728 | €41,746 | €41,542 | €35,354 | €38,207 | €31,997 | €46,271 | €54,687 | ▲ 18.2% |
| Operating cash flow (approximation) | €46,973 | €53,324 | -€33,698 | €114,815 | €107,085 | €125,690 | €59,162 | -€112,068 | - |
| Investment in fixed assets (approximation) | - | -€10,271 | -€135,005 | €61,288 | €6,868 | -€53,210 | -€311,691 | -€24,439 | ▲ 92.2% |
| Change in cash | - | €5,080 | €53,394 | €37,536 | -€78,728 | €146,266 | -€138,301 | -€9,738 | ▲ 93.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 307 companies had the same profile as ART CONSTRUCT IMMO has now. Two years later, 88.9% were still going and 4.9% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.9%
was still going
5.2%
stopped otherwise
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ART CONSTRUCT IMMO itself: 4.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 307 companies, not a prediction for ART CONSTRUCT IMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00383316 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00188037 | |
| 31-12-2023 | full format | 27-08-2024 | 2024-00386131 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00214345 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20387890 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48700329 | |
| 31-12-2019 | micro format | 27-05-2020 | 2020-13300156 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-62500193 | |
| 31-12-2017 | micro format | 09-05-2018 | 2018-12700600 | |
| 31-12-2016 | micro format | 10-05-2017 | 2017-11900350 |
Board & ownership
Directors
Directors
2 directors, last change in 2026
VLEMINCKX David
Current
Director (not named in the articles) · appointed in the act of 11-02-2026 · earlier manager (not named in the articles), until 11-02-2026 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-07-2026
Michiels Nadine
Current
Director · listed in the 2025 annual accounts, filed on 31-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-02-2026Owners and capital
Capital transactions
Capital over time
- 11-02-2026 Converted to unavailable equity · €18,600
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michiels Nadine |
|
| VLEMINCKX David |
|
Network & group
ART CONSTRUCT IMMO shares no director with another company.
Companies at the same address
6 other companies- MIDA ELEC Registered office · since 2025 1019880863
- Balaşa, Andreea (sole trader) Establishment · since 2023 0800070648
- CONNECT-R Registered office · since 2023 0795873518
- Balasa, Dragos (sole trader) Establishment · since 2019 0730701295
- Association des copropriétaires de l'immeuble sis à Berchem-Sainte-Agathe, rue de Grand Bigard 136 Registered office · since 2008 0807917651
- Moens, Claude (sole trader) Establishment · since 1976 0858678147
Connections & network
2 current directorsThe network starts from the directors of ART CONSTRUCT IMMO. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-07
abbreviated format · on the deadline day
11-02
Gazette deed
Change of role: VLEMINCKX David, from manager to directorCapital conversion · Reserve release · Amendment of the articles11 points ▸
Gazette deed
Change of role: VLEMINCKX David, from manager to director
Capital conversion · Reserve release · Amendment of the articles11 points ▸
- General meeting, 02-02-2026
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Other provision, “absence de mention dans les statuts, 5.142 et 5.143 du Code des sociétés et des associations” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital
- Director resignation, VLEMINCKX David (manager (not named in the articles))
- Director discharge, VLEMINCKX David
- Director appointment, VLEMINCKX David (director (not named in the articles))
- Registered office clause, “1082 BERCHEM-SAINTE-AGATHE, rue de Grand Bigard numéro 136” (deed in French)
- Power of attorney, VLEMINCKX David
2025
31-12
Financial
Weakest financial yearnet -€166,755
The net result drops to -€166,755, the lowest from 2018 to 2025.
25-06
micro format · 36 days before the deadline
2024
27-08
full format · 27 days late
2023
31-12
Financial
Highest result from 2018 to 2025net €93,694 ▲36%
The operating result of €145,117 and the net result of €93,694 are both a record.
07-07
micro format · 24 days before the deadline
2022
31-12
Financial
Equity above €200,000equity €211,714 ▲48.2%
After 2 profitable years in a row, equity reaches €211,714.
30-08
micro format · 30 days late
2021
31-12
Financial
Back to profitnet €79,462
The net result is €79,462, after one loss-making year.
31-12
Financial
Equity above €100,000equity €142,835 ▲125%
Equity rises from €63,373 to €142,835.
13-08
micro format · 13 days late
Show earlier events
2020
27-05
micro format · 65 days before the deadline
2019
31-08
micro format · 31 days late
2018
09-05
micro format · 83 days before the deadline
2017
10-05
micro format · 82 days before the deadline
1989
15-03
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ART CONSTRUCT IMMO in French
Enterprise number
0436.807.232
LEI code
98450038E46FA97Q8A80
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
27-02-1989
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-02-2026 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Bruxelloise, 2”
deed of 11-02-2026 (in French)Registered office and establishments
Registered office
Groot-Bijgaardenstraat 136, 1082 Sint-Agatha-Berchem, Belgium
Establishment unit
ART CONSTRUCT IMMO, Groot-Bijgaardenstraat 136, 1082 Sint-Agatha-Berchem since 04-08-1989 · unit number 2.044.478.995
Activities
NACEBEL 2025VAT activities
43410
Roofing work main activity
43230
Insulation installation
43240
Other construction installation
Social security (RSZ) activities
43410
Roofing work main activity
Codes under NACEBEL 2008
VAT activities
43910
Specialised construction activities main activity
43291
Specialised construction activities
43299
Specialised construction activities
Social security (RSZ) activities
43910
Specialised construction activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 11-02-2026 (in French)
“Constitution et la gestion dans la plus large acceptation de son patrimoine mobilier et immobilier; Construire, acquérir des immeubles…”
16 activities
- Constitution et la gestion dans la plus large acceptation de son patrimoine mobilier et immobilier
- Construire, acquérir des immeubles nouvellement construits ou transformés, rénover des immeubles dont elle sera propriétaire ou non propriétaire, les vendre, constituer des droits réels sur de tels immeubles ou les louer
- Toutes les opérations d'entrepreneurs de bâtiments et toutes opérations techniques quelconques se rapportant à la construction, la transformation, l'aménagement de tout immeuble
- Travaux d'entreprises de menuiserie, de tapisserie, de revêtement des constructions par l'asphaltage et le bitumage, de cimenterie, plafonneur, de peinture, maçonnerie et béton, taillerie de pierres et marbrerie, vitrages, zinguerie, couvertures métalliques et non métalliques, étanchéité de constructions et travaux de démolition
- Installation de chauffage central et de chauffage au gaz par appareils individuels, de tout matériel électrique, de sanitaire et de plomberie
- Coordination générale de chantiers
- Travaux de pose de câbles, la pose de chapes, le ramonage des cheminées, les travaux de terrassements
- Installation des échafaudages et effectuer le re-jointage et le nettoyage des façades
- Construction de pavillons démontables et de baraquements non métalliques
- Placement de clôtures
- Travaux d'assèchement des constructions, autrement que par le bitume et l'asphalte
- Entreprises d'isolation thermique et acoustique
- Pose de parquet et pose de cloison et de faux plafonds en bois
- Placement de ferronnerie, de volets et menuiseries métallique et en pvc
- Toute les opérations civiles, commerciales, mobilières et immobilières, industrielles ou financières, se rapportant directement ou indirectement, en tout ou partie à l'une ou l'autre branche de son objet, ou, de nature à en développer ou en faciliter la réalisation
- S'intéresser par voie d'apports, de fusion, de souscription, de participation, d'intervention financière ou autrement, dans toutes sociétés et entreprises existantes ou à créer en Belgique ou à l'étranger, dont l'objet serait analogue ou connexe au sien
Invoicing and payment
VAT number
BE 0436.807.232
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0436.807.232
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Sunday of April at 18:00
deed of 11-02-2026 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
458 m²
Building footprint
241 m²
Building volume
3,188 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21342B0035/00D003 | Brussels | 458 m² | 1 · 241 m² | 16.0 m · 4 |