AVICI CONSTRUCT
ActiveAVICI CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €14k. Equity is shrinking by ~25.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 15% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+5
Solvency31▲+7
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.99 in 2023; short-term debt: 93.8% and cash: 6% of total assets), and 93.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
6.2%
Return on assets
7.7%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9981 sector peers (2024).
NBB · sector comparisonPosition among 9981 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
79 d late
2022
31 d late
2021
19 d late
2020
12 d late
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k
2023 · €-3k
2018: €9k
2019: €22k
2020: €7k
2021: €4k
2022: €-10k
2023: €-3k
2018 → 2024
Total assets
€184k▼ 13.2%
2023 · €212k
2018: €201k
2019: €257k
2020: €138k
2021: €158k
2022: €97k
2023: €212k
2018 → 2024
Net result
€14k▲ 80.3%
2023 · €8k
2018: €7k
2019: €13k
2020: €-15k
2021: €-3k
2022: €-15k
2023: €8k
2018 → 2024
Working capital
€9k
2023 · €-1k
2018: €-13k
2019: €11k
2020: €-16k
2021: €124
2022: €-18k
2023: €-1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€4k▼ 42.2%€-10k€-3k▲ 74.7%€11k
Operating result€-12k-€-2k▲ 79.1%€-15k▼ 501%€8k€14k▲ 79.7%
Net result€-15k-€-3k▲ 78.6%€-15k▼ 369%€8k€14k▲ 80.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 80% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184k
Fixed assets
€2k▼ 30.8%
Current assets
€181k▼ 13.0%
Equity and liabilities €184k
Equity
€11k
Debt
€172k
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€15k▲
2023 · €9k
Cash flow
€15k▲
2023 · €9k
Solvency
6.2%▲
2023 · -1.2%
Current ratio
1.05▲
2023 · 0.99
Quick ratio
0.94▲
2023 · 0.81
Debt / equity
15.04▲
2023 · -81.01
ROE
123.1%
ROA
7.7%▲
2023 · 3.7%
Interest coverage
71.48▲
2023 · 55.45
Debt
€172k▼
2023 · €214k
Debt ≤ 1 year
€172k▼
2023 · €210k
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€212k€184k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€1k€397▼
Plant, machinery and equipment23€1k€397▼
Financial fixed assets28€2k€2k=
Current assets29/58€208k€181k▼
Stocks and contracts in progress3€38k€20k▼
Stocks30/36€20k€20k=
Contracts in progress37€18k-
Amounts receivable within one year40/41€144k€151k▲
Trade receivables40€143k€16k▼
Other amounts receivable41€826€135k▲
Cash at bank and in hand54/58€27k€11k▼
Deferred charges and accrued income490/1-€99
Equity and liabilities
Total equity and liabilities10/49€212k€184k▼
Equity10/15€-3k€11k▲
Contributions10/11€6k€6k=
Reserves13€2k€5k▲
Distributable reserves133€2k€5k▲
Profit (loss) carried forward14€-11k€242▲
Amounts payable17/49€214k€172k▼
Amounts payable within one year42/48€210k€172k▼
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Advances received on contracts in progress46€120k€120k=
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€82k€39k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Remuneration, social security and pensions62€731-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€958€958=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€11k€17k▲
Operating profit (loss)9901€8k€14k▲
Financial income75/76B€16-
Recurring financial income75€16-
Financial charges65/66B€161€213▲
Recurring financial charges65€161€213▲
Profit (loss) for the period before taxes9903€8k€14k▲
Profit (loss) for the period9904€8k€14k▲
Profit (loss) for the period to be appropriated9905€8k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€3k▲
Profit (loss) brought forward from the previous period14P€-19k€-11k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €14k ▲80.3%
Net result €14k, the highest in the series.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 86 days late
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Saint-Ghislain · 1 establishment unit since 2014
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.
Rue de la Station(H) 427334 Saint-GhislainGround area
5,417 m²
Building footprint
235 m²
Volume, LiDAR
1,907 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AVICI CONSTRUCT
since 20142.241.629.715
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53077A0165/00G000 | Wallonia | 5,257 m² | 1 · 197 m² | 10.9 m · 3 fl. |
| 53036B0905/00A002 | Wallonia | 160 m² | 1 · 38 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 9,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-07-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.