art's construct
ActiveThe computed 12-month bankruptcy probability of art's construct is 2.4% (moderate). The 2024 annual accounts show equity of €31k and a net result of €562. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 9981 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-15
Solvency88▲+21
Growth52=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.59 in 2023; short-term debt: 37.2% and cash: 45.5% of total assets), and 37.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
62.8%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
27 d late
2022
113 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€31k▲ 1.8%
2023 · €31k
2022: €21k
2023: €31k
2022 → 2024
Total assets
€50k▼ 31.2%
2023 · €72k
2022: €116k
2023: €72k
2022 → 2024
Net result
€562▼ 94.0%
2023 · €9k
2022: €18k
2023: €9k
2022 → 2024
Working capital
€22k▼ 12.0%
2023 · €24k
2022: €14k
2023: €24k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€21k-€31k▲ 44.6%€31k▲ 1.8%
Operating result€24k-€13k▼ 43.8%€2k▼ 81.3%
Net result€18k-€9k▼ 48.0%€562▼ 94.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50k
Fixed assets
€10k▲ 51.6%
Current assets
€40k▼ 39.2%
Equity and liabilities €50k
Equity
€31k▲ 1.8%
Debt
€18k▼ 55.5%
The debt ratio falls from 57.6% to 37.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▼
2023 · €15k
Cash flow
€4k▼
2023 · €11k
Solvency
62.8%▲
2023 · 42.4%
Current ratio
2.17▲
2023 · 1.59
Quick ratio
2.17▲
2023 · 1.59
Debt / equity
0.59▼
2023 · 1.36
ROE
1.8%▼
2023 · 30.8%
ROA
1.1%▼
2023 · 13.1%
Interest coverage
6.50▼
2023 · 42.27
Debt
€18k▼
2023 · €41k
Debt ≤ 1 year
€18k▼
2023 · €41k
Income taxes
€1k▼
2023 · €4k
Staff costs
€32k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€72k€50k▼
Fixed assets21/28€6k€10k▲
Tangible fixed assets22/27€6k€9k▲
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€323€4k▲
Financial fixed assets28-€543
Current assets29/58€66k€40k▼
Amounts receivable within one year40/41€33k€17k▼
Trade receivables40€24k€8k▼
Other amounts receivable41€9k€9k▼
Cash at bank and in hand54/58€33k€23k▼
Deferred charges and accrued income490/1-€190
Equity and liabilities
Total equity and liabilities10/49€72k€50k▼
Equity10/15€31k€31k▲
Contributions10/11€3k€3k=
Outside capital11€3k-
Other1109/19€3k-
Reserves13-€28k
Distributable reserves133-€28k
Profit (loss) carried forward14€28k€0▼
Amounts payable17/49€41k€18k▼
Amounts payable within one year42/48€41k€18k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Taxes, remuneration and social security45€18k€9k▼
Taxes450/3€15k€3k▼
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48-€6k
Accrued charges and deferred income492/3€236-
Income statement
Code20232024
Remuneration, social security and pensions62€15k€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€35k€40k▲
Operating profit (loss)9901€13k€2k▼
Financial income75/76B€31€195▲
Recurring financial income75€31€20▼
Non-recurring financial income76B-€175
Financial charges65/66B€358€885▲
Recurring financial charges65€358€885▲
Profit (loss) for the period before taxes9903€13k€2k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€9k€562▼
Profit (loss) for the period to be appropriated9905€9k€562▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€28k▲
Profit (loss) brought forward from the previous period14P€18k€28k▲
Transfer to equity691/2-€28k
To other reserves6921-€28k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €562 ▼94%
Net result drops to €562, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 113 days late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groot-Bijgaardenstraat 151600 Sint-Pieters-LeeuwGround area
5,762 m²
Building footprint
3,920 m²
Volume, LiDAR
18,317 m³
Parcel 23077A0160/00P026, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20212.324.220.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0160/00P026 | Flanders | 5,762 m² | 1 · 3,920 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M.G.P. CONSTRUCTION
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ACTUAL BATI
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OMCT et Fils
BE 0807.568.847
Seraing · Eq €31k
CORD
BE 0628.852.285
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GF CONSTRUCT
BE 0842.875.263
Marche-en-Famenne · Eq €31k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 12,481 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
68121Development of residential building projects
43211General electrical installation work
43221Plumbing work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info.artconstruct@gmail.com
Phone:+32485727999
Phone:0485727999