Financials
- Fiscal year
- 2024
- Total assets
- €223,967
- Profit
- €14,180
- Solvency
- 33.6%
Turnover▼ 9.9%
Net result
20182023
AS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of AS CONSTRUCT is 8.0% (elevated). The 2024 annual accounts show equity of €75,349 and a net result of €14,180. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 9989 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€223,967total assets 2024
- Staff
- 1.6 FTE
- Equity
- €75,349
- Profit
- €14,180
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 4 deeds read
Why 35- Figures for FY 2024 (filed 28-07-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; 1 of the last 3 late- Sector Construction of residential and non-residential buildings (NACE 41)Show the evidence
Checked score
Score 2024
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 55% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
59+5
equity 33.6% of total assets
Liquidity
57+10
short-term debt 20.3% · cash 11.0%
Profitability
77+13
return on assets 6.3%
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.9%
12-2024: 6.9%● 0.0% vs 11-2024
01-2025: 6.9%● 0.0% vs 12-2024
02-2025: 6.9%● 0.0% vs 01-2025
03-2025: 7.2%▲ +4.4% vs 02-2025
04-2025: 7.6%▲ +5.3% vs 03-2025
05-2025: 8.1%▲ +7.1% vs 04-2025highest value
06-2025: 7.9%▼ -2.4% vs 05-2025
07-2025: 7.9%▼ -0.6% vs 06-2025
08-2025: 3.1%▼ -60.6% vs 07-2025
09-2025: 3.1%● 0.0% vs 08-2025
10-2025: 3.1%● 0.0% vs 09-2025
11-2025: 3.2%▲ +1.9% vs 10-2025
12-2025: 3.2%● 0.0% vs 11-2025
01-2026: 2.7%▼ -13.8% vs 12-2025
02-2026: 2.7%● 0.0% vs 01-2026
03-2026: 2.6%▼ -2.8% vs 02-2026lowest value
04-2026: 2.9%▲ +10.5% vs 03-2026
05-2026: 3.5%▲ +18.0% vs 04-2026
06-2026: 3.4%▼ -3.0% vs 05-2026
07-2026: 3.4%▲ +0.1% vs 06-2026
08-2026: 3.7%▲ +11.1% vs 07-2026
09-2026: 4.4%▲ +18.0% vs 08-2026
10-2026: 8.0%▲ +82.0% vs 09-2026
- Figures for FY 2024 (filed 28-07-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- 1 financial year not filed after the legal deadline; 1 of the last 3 late raises the probability
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 0.58 in 2023; short-term debt: 20.3% and cash: 11% of total assets), and 66.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 41%, liquidity 62%, profitability 55%, growth against the median 62%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 23-07-2025, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
29 d late
2022
31 d late
2021
61 d late
2020
51 d early
2019
83 d 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 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Liquidity doublescurrent ratio 1.23
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 10
- Since
- 2019
- 23-07-2025Annual accounts filed
- 31-12-2024Liquidity doubles
- 29-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 06-06-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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