AS BUILT PROJECT
ActiveSummary
AS BUILT PROJECT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290k and a net result of €-3k. Equity is growing by ~73.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-17
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 19.92 against 5.71 in 2024; short-term debt: 4.5% and cash: 14.9% of total assets), and 4.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 filingsDeviation from the deadline
2025
30 d late
2024
7 d late
2023
23 d late
2022
7 d late
2021
26 d late
2020
15 d late
2019
43 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2024 · €45k
2018: €-765
2019: €587▲ +177% vs 2018
2020: €29k▲ +4789% vs 2019
2021: €32k▲ +11.9% vs 2020
2022: €181k▲ +463% vs 2021highest in 8 years
2023: €5k▼ -97.1% vs 2022
2024: €45k▲ +760% vs 2023
2025: €-3k▼ -106% vs 2024lowest in 8 years
2018 → 2025
Working capital
€261k▲ 0.6%
2024 · €259k
2018: €13k
2019: €6k▼ -50.1% vs 2018lowest in 8 years
2020: €26k▲ +310% vs 2019
2021: €49k▲ +92.5% vs 2020
2022: €174k▲ +251% vs 2021
2023: €198k▲ +13.9% vs 2022
2024: €259k▲ +31.2% vs 2023
2025: €261k▲ +0.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€243k▲ 291%€248k▲ 2.1%€293k▲ 18.0%€290k▼ 0.9%
2021: €62klowest in 5 years
2022: €243k▲ +291% vs 2021
2023: €248k▲ +2.1% vs 2022
2024: €293k▲ +18.0% vs 2023highest in 5 years
2025: €290k▼ -0.9% vs 2024
Operating result€44k-€244k▲ 454%€10k▼ 95.8%€62k▲ 500%€-3k
2021: €44k
2022: €244k▲ +454% vs 2021highest in 5 years
2023: €10k▼ -95.8% vs 2022
2024: €62k▲ +500% vs 2023
2025: €-3k▼ -104% vs 2024lowest in 5 years
Net result€32k-€181k▲ 463%€5k▼ 97.1%€45k▲ 760%€-3k
2021: €32k
2022: €181k▲ +463% vs 2021highest in 5 years
2023: €5k▼ -97.1% vs 2022
2024: €45k▲ +760% vs 2023
2025: €-3k▼ -106% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €62k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304k
Fixed assets
€29k ▼ 13.0%
Current assets
€275k ▼ 12.6%
Equity and liabilities €304k
Equity
€290k ▼ 0.9%
Debt
€14k ▼ 75.0%
Debt's share of the balance-sheet total falls from 15.8% to 4.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €80k
Cash flow
€9k▼
2024 · €63k
Current ratio
19.92▲
2024 · 5.71
Debt to equity
0.05▼
2024 · 0.19
ROE
-0.9%▼
2024 · 15.3%
ROA
-0.9%▼
2024 · 12.8%
Interest coverage
9.10▼
2024 · 173.78
Debt ≤ 1 year
€14k▼
2024 · €55k
Income taxes
€2k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€348k€304k▼
Fixed assets21/28€33k€29k▼
Tangible fixed assets22/27€33k€29k▼
Furniture and vehicles24€33k€29k▼
Current assets29/58€314k€275k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€17k€125k▲
Trade receivables40€0€83k▲
Other amounts receivable41€17k€42k▲
Cash at bank and in hand54/58€194k€45k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€348k€304k▼
Equity10/15€293k€290k▼
Contributions10/11€6k€6k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€242k€239k▼
Amounts payable17/49€55k€14k▼
Amounts payable within one year42/48€55k€14k▼
Current portion of amounts payable after more than one year42€29k-
Trade debts44€738€716▼
Suppliers440/4€738€716▼
Taxes, remuneration and social security45€25k€12k▼
Taxes450/3€23k€10k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€8€667▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€12k▼
Other operating charges640/8€2k€17k▲
Gross operating margin9900€81k€26k▼
Operating profit (loss)9901€62k€-3k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€459€1k▲
Recurring financial charges65€459€1k▲
Profit (loss) for the period before taxes9903€64k€-752▼
Income taxes67/77€20k€2k▼
Profit (loss) for the period9904€45k€-3k▼
Profit (loss) for the period to be appropriated9905€45k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€286k€239k▼
Profit (loss) brought forward from the previous period14P€242k€242k=
Transfer to equity691/2€45k€0▼
To other reserves6921€45k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €8k | €19k | €18k | €12k | ▼ 34.1% |
| Other operating charges640/8 | €810 | €7k | €541 | €2k | €17k | ▲ 953% |
| Gross operating margin9900 | €47k | €258k | €30k | €81k | €26k | ▼ 67.7% |
| Operating profit (loss)9901 | €44k | €244k | €10k | €62k | €-3k | ▼ 104% |
| Financial income75/76B | - | €8 | €0 | €3k | €3k | ▲ 0.9% |
| Recurring financial income75 | - | €8 | €0 | €3k | €3k | ▲ 0.9% |
| Financial charges65/66B | €901 | €635 | €940 | €459 | €1k | ▲ 121% |
| Recurring financial charges65 | €901 | €635 | €940 | €459 | €1k | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €43k | €243k | €9k | €64k | €-752 | ▼ 101% |
| Income taxes67/77 | €11k | €62k | €4k | €20k | €2k | ▼ 90.0% |
| Profit (loss) for the period9904 | €32k | €181k | €5k | €45k | €-3k | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €32k | €181k | €5k | €45k | €-3k | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90k | €338k | €263k | €348k | €304k | ▼ 12.7% |
| Formation expenses20 | €463 | €231 | - | - | - | - |
| Fixed assets21/28 | €12k | €69k | €50k | €33k | €29k | ▼ 13.0% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €12k | €69k | €50k | €33k | €29k | ▼ 13.0% |
| Furniture and vehicles24 | €12k | €69k | €50k | €33k | €29k | ▼ 13.0% |
| Current assets29/58 | €78k | €269k | €212k | €314k | €275k | ▼ 12.6% |
| Amounts receivable after more than one year29 | - | - | - | €100k | €100k | = |
| Other amounts receivable291 | - | - | - | €100k | €100k | = |
| Amounts receivable within one year40/41 | €33k | €117k | €47k | €17k | €125k | ▲ 620% |
| Trade receivables40 | €33k | €117k | €39k | €0 | €83k | - |
| Other amounts receivable41 | - | - | €8k | €17k | €42k | ▲ 144% |
| Cash at bank and in hand54/58 | €39k | €149k | €162k | €194k | €45k | ▼ 76.6% |
| Deferred charges and accrued income490/1 | €6k | €3k | €3k | €3k | €4k | ▲ 43.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90k | €338k | €263k | €348k | €304k | ▼ 12.7% |
| Equity10/15 | €62k | €243k | €248k | €293k | €290k | ▼ 0.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | - | - | €45k | €45k | = |
| Distributable reserves133 | - | - | - | €45k | €45k | = |
| Profit (loss) carried forward14 | €56k | €237k | €242k | €242k | €239k | ▼ 1.1% |
| Amounts payable17/49 | €28k | €96k | €15k | €55k | €14k | ▼ 75.0% |
| Amounts payable within one year42/48 | €28k | €96k | €15k | €55k | €14k | ▼ 75.0% |
| Current portion of amounts payable after more than one year42 | - | €22k | €4k | €29k | - | - |
| Trade debts44 | €8k | €3k | €221 | €738 | €716 | ▼ 3.0% |
| Suppliers440/4 | €8k | €3k | €221 | €738 | €716 | ▼ 3.0% |
| Taxes, remuneration and social security45 | €18k | €71k | €10k | €25k | €12k | ▼ 51.0% |
| Taxes450/3 | €18k | €69k | €10k | €23k | €10k | ▼ 56.3% |
| Remuneration and social security454/9 | - | €2k | - | €2k | €2k | ▲ 0.3% |
| Other amounts payable47/48 | €2k | - | €104 | €8 | €667 | ▲ 8,511% |
| Accrued charges and deferred income492/3 | - | - | €85 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €181k | €5k | €45k | €-3k | ▼ 106% |
| + Depreciation and write-downs630 | €2k | €8k | €19k | €18k | €12k | ▼ 34.1% |
| Operating cash flow (approximation) | €34k | €189k | €24k | €63k | €9k | ▼ 85.5% |
| Investment in fixed assets (approximation) | - | €-65k | €-231 | €-758 | €-7k | ▼ 887% |
| Change in cash | - | €110k | €13k | €32k | €-149k | ▼ 566% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 19.92
Current ratio from 5.71 to 19.92; short-term debt falls from €55k to €14k.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity times 5current ratio 14.47
Current ratio from 2.81 to 14.47; short-term debt falls from €96k to €15k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €181k ▲463%
Operating result €244k, net result €181k, both a record.
31-12
Financial
Equity above €200kEq €243k ▲291%
4 profitable years in a row build equity to €243k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €587
Net result €587 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 371 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 736 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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-Jans-Molenbeek · 1 establishment unit since 2005
Ground area
331 m²
Building footprint
121 m²
Volume, LiDAR
890 m³
Parcel 21524C0160/00N003, Brussels · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
As-Built Project
since 20052.145.477.771
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0160/00N003 | Brussels | 331 m² | 1 · 121 m² | 14.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,086 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.