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AS CONSTRUCT

Active Private limited companyfounded 2020active for 6 yearsGrotewinkellaan 64, 1853 GrimbergenKBO/BCE: BE 0754.567.948
AS CONSTRUCT
Financial year 2025
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Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€55,925
▼ 11.3%
€26,023
▼ 45.9%
€44,674
▼ 26.8%
€30,647
▼ 26.7%
26.3%
▼ 17.9 percentage points
1.41
▼ 0.30

Money flows

no detail for 2025

Balance sheet

balance sheet total €442,422 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

26.3%

Higher than 33% of 9,462 companies in 2025.

1.41

Higher than 41% of 9,210 companies in 2025.

2.7%

Higher than 37% of 9,282 companies in 2025.

AS CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 442,422236,117294,856276,566159,548
21/28 36,62225,01921,0727,0453,705
22/27 36,62225,01921,0727,0453,705
23 35,39817,6688,8075,358485
24 1,2247,35112,2651,6863,220
29/58 405,800211,098273,784269,522155,843
40/41 404,040204,772269,287268,287131,910
40 378,753194,248240,873252,075123,898
41 25,28610,52428,41316,2138,012
54/58 -3,8542,14782323,933
490/1 1,7612,4712,350412-
Balance sheet: equity and liabilities
10/49 442,422236,117294,856276,566159,548
10/15 116,374104,37875,54121,8532,903
10/11 1,5001,5001,5001,5001,500
14 114,874102,87874,04120,3531,403
17/49 326,048131,739219,315254,714156,645
17 4,1238,34612,516--
170/4 4,1238,34612,516--
42/48 287,067123,393206,799254,714156,645
43 60,667800752--
430/8 656800752--
439 60,010----
44 185,35181,343168,233236,384154,446
440/4 185,35181,343168,233236,384154,446
45 41,05040,29329,10111,1082,199
450/3 41,05040,29329,10111,1082,199
47/48 -9578,7137,222-
492/3 34,857----
Income statement
70 -1.1m889,671750,828434,288
76A -9,93510,8804,911377
9900 55,92563,04688,61440,04311,095
60/61 -1.0m811,937715,696423,569
62 494572409818142
630 18,65112,9678,7563,4494,030
640/8 10,7571,4181,0956,8843,242
9901 26,02348,08978,35428,8913,681
75/76B 206363341
75 206363341
65/66B 2,7322,7332,7251,03780
65 2,7322,7332,7251,03780
9903 23,49745,39275,66227,8593,601
67/77 11,50116,55521,9748,9092,199
9904 11,99628,83753,68918,9501,403
9905 11,99628,83753,68918,9501,403
Appropriation of the result
9906 114,874102,87874,04120,3531,403
14P 102,87874,04120,3531,403-
Document PDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497059.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00497059 PDF
31-12-2024 micro format 31-08-2025 2025-00468474 PDF
31-12-2023 micro format 28-09-2024 2024-00483705 PDF
31-12-2022 micro format 29-09-2023 2023-00470407 PDF
31-12-2021 micro format 17-10-2022 2022-20470935 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
44,67461,05687,11032,3417,712
30,64741,80462,44522,3995,433
31,14416,91422,7846,7897,736
-1,7071,325-23,110-
118,73387,70566,98514,808-802
-4.4%8.8%3.8%0.8%
26.3%44.2%25.6%7.9%1.8%
1.411.711.321.060.99
2.801.262.9011.6653.96
10.3%27.6%71.1%86.7%48.3%
2.7%12.2%18.2%6.9%0.9%
16.3522.3431.9731.1995.87
-65 days99 days123 days104 days
-28 days76 days121 days133 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€31,144€16,914€22,784€6,789€7,736
€18,651€12,967€8,756€3,449€4,030

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on AS CONSTRUCT

The operating result for 2025 is 46% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 55.8% to 73.7%. Equity and debt are higher.

Next steps

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