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ETEKonstruct

Active
Private limited companyfounded 2024active for 2 yearsAmbachtenlaan 6, 9880 Aalter, BelgiumKBO/BCE: BE 1007.184.949
Summary

The computed 12-month bankruptcy probability of ETEKonstruct is 4.7% (elevated). The 2024 annual accounts show equity of €10,318 and a net result of €318. Its solvency ranks better than 17% of 35,976 sector peers (NACE 43, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other building finishing work
NACE 43350
1 site
Size
€72,237total assets 2024
Equity
€10,318
Profit
€318
Turnover not published (micro format)
Financial health
36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.7%
Structure
2024 accounts 8 days early
Why 36raises riskFigures for financial year 2024 (filed 23-07-2025)Founded in 20241 financial year not filed after the legal deadlineLiquidity: current ratio 0.85, cash €4,753Show the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 20% of its sector peers (NACE 43, micro)
Financial strength
Weak
Solvency 39
equity 14.3% of total assets
Liquidity 30
short-term debt 55.7% · cash 6.6%
Profitability 50
return on assets 0.4%
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)
Last 24 months 04-2025: 1.9%lowest value 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 2.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.4%▲ +0.4 percentage points vs 06-2025 08-2025: 2.3%▼ -0.1 percentage points vs 07-2025 09-2025: 2.4%▲ +0.1 percentage points vs 08-2025 10-2025: 2.6%▲ +0.2 percentage points vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.7%▲ +0.1 percentage points vs 11-2025 01-2026: 2.6%▼ -0.1 percentage points vs 12-2025 02-2026: 2.6%● unchanged vs 01-2026 03-2026: 2.7%▲ +0.1 percentage points vs 02-2026 04-2026: 2.8%▲ +0.1 percentage points vs 03-2026 05-2026: 2.9%▲ +0.1 percentage points vs 04-2026 06-2026: 2.9%● unchanged vs 05-2026 07-2026: 3.0%▲ +0.1 percentage points vs 06-2026 08-2026: 3.5%▲ +0.5 percentage points vs 07-2026 09-2026: 3.6%▲ +0.1 percentage points vs 08-2026 10-2026: 4.7%▲ +1.1 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.85, below 1; short-term debt: 55.7% and cash: 6.6% of total assets), and 85.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 17% on solvency, 18% on liquidity and 24% on profitability.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 23-07-2025)
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Liquidity: current ratio 0.85, cash €4,753
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 35976 sector peers (2024).
NBB · sector comparison
Position among 35976 sector peers
Solvency
better than 17%
← weakest strongest →
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 · 1 filing
Deviation from the deadline
2024
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 8 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Resignation: Kimberly CRAEYE (director)Director discharge
  2. Annual accounts filedfinancial year 2024 · micro…
  3. IncorporationAppointments: CRAEYE Kimberly (director) and…

Financials · financial year 2024, micro format

Equity
€10,318
Total assets
€72,237
Net result
€318
Working capital
-€6,109

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €72,237
Fixed assets €38,132
Current assets €34,106
Equity and liabilities €72,237
Equity €10,318
Debt €61,920
Debt finances 85.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€5,127
Cash flow
€2,186
Current ratio
0.85
Debt to equity
6.00
ROE
3.1%
ROA
0.4%
Interest coverage
3.73
Debt ≤ 1 year
€40,215
Debt > 1 year
€21,308
Income taxes
€1,566

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.8% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€72,237
Fixed assets21/28€38,132
Tangible fixed assets22/27€38,132
Furniture and vehicles24€38,132
Current assets29/58€34,106
Amounts receivable within one year40/41€29,281
Trade receivables40€29,281
Cash at bank and in hand54/58€4,753
Deferred charges and accrued income490/1€72
Equity and liabilities
Total equity and liabilities10/49€72,237
Equity10/15€10,318
Contributions10/11€10,000
Reserves13€318
Distributable reserves133€318
Amounts payable17/49€61,920
Amounts payable after more than one year17€21,308
Financial debts170/4€21,308
Amounts payable within one year42/48€40,215
Current portion of amounts payable after more than one year42€10,919
Trade debts44€21,796
Suppliers440/4€21,796
Taxes, remuneration and social security45€2,387
Taxes450/3€2,387
Other amounts payable47/48€5,112
Accrued charges and deferred income492/3€398
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,869
Other operating charges640/8€593
Gross operating margin9900€5,720
Operating profit (loss)9901€3,259
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,376
Recurring financial charges65€1,376
Profit (loss) for the period before taxes9903€1,883
Income taxes67/77€1,566
Profit (loss) for the period9904€318
Profit (loss) for the period to be appropriated9905€318
Appropriation of the result
Profit (loss) to be appropriated9906€318
Transfer to equity691/2€318
To other reserves6921€318

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,869
Other operating charges640/8€593
Gross operating margin9900€5,720
Operating profit (loss)9901€3,259
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,376
Recurring financial charges65€1,376
Profit (loss) for the period before taxes9903€1,883
Income taxes67/77€1,566
Profit (loss) for the period9904€318
Profit (loss) for the period to be appropriated9905€318
Line2024
Assets
Total assets20/58€72,237
Fixed assets21/28€38,132
Tangible fixed assets22/27€38,132
Furniture and vehicles24€38,132
Current assets29/58€34,106
Amounts receivable within one year40/41€29,281
Trade receivables40€29,281
Cash at bank and in hand54/58€4,753
Deferred charges and accrued income490/1€72
Equity and liabilities
Total equity and liabilities10/49€72,237
Equity10/15€10,318
Contributions10/11€10,000
Reserves13€318
Distributable reserves133€318
Amounts payable17/49€61,920
Amounts payable after more than one year17€21,308
Financial debts170/4€21,308
Amounts payable within one year42/48€40,215
Current portion of amounts payable after more than one year42€10,919
Trade debts44€21,796
Suppliers440/4€21,796
Taxes, remuneration and social security45€2,387
Taxes450/3€2,387
Other amounts payable47/48€5,112
Accrued charges and deferred income492/3€398
Line2024
Profit (loss) for the period9904€318
+ Depreciation and write-downs630€1,869
Operating cash flow (approximation)€2,186

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 23-07-2025 2025-00298040

Similar companies · same sector, comparable size

Of the 7,258 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,372. 1,443 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €60 awarded · €60 paid
Schemes
1 entry · €60 · €60 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2026
DE GRISSE Thibault Andre Christine
Director · since 19-03-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DE GRISSE Thibault Andre Christine
  • Director, from 19-03-2024 to date
CRAEYE Kimberly
  • Director, from 19-03-2024 to 15-06-2026
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ETEKonstruct was incorporated on 15 March 2024 as a private limited company.1 Since 2024, DE GRISSE Thibault Andre Christine has served as director of the company.2 The company has filed annual accounts once, for financial year 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-03-2024
  3. 3National Bank, annual accounts 2024

Acts, filings and financial milestones

2026
15-06
Gazette deed Resignation: Kimberly CRAEYE (director)
Director discharge5 facts ▸
  • General meeting, 29-05-2026
  • Other provision, “meeting attendance, present” (deed in Dutch)
  • Other provision, “meeting attendance, absent” (deed in Dutch)
  • Director resignation, Kimberly CRAEYE (director)
  • Director discharge, Kimberly CRAEYE (director)
2025
23-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
19-03
Gazette deed Incorporation
Appointments: CRAEYE Kimberly (director) and DE GRISSE Thibault Andre Christine (director) · Registered office clause · Pre-incorporation commitments13 facts ▸
  • Other provision, “administratieve doeleinden, analytisch uittreksel” (deed in Dutch)
  • Incorporation, 15-03-2024
  • Registered office clause, “Aalter, Ambachtenlaan 6” (deed in Dutch)
  • Pre-incorporation commitments, “takeover, verbintenissen,verplichtingen,activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
  • Founder, CRAEYE Kimberly
  • Founder, DE GRISSE Thibault Andre Christine
  • Other provision, “kapitaal” (deed in Dutch)
  • Founding capital, €10,000
  • Bank account, 10000, “vennootschap in oprichting” (deed in Dutch)
  • Board rule, 2
  • Director appointment, CRAEYE Kimberly (director)
  • Director appointment, DE GRISSE Thibault Andre Christine (director)
  • +1 further fact in this act
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded15-03-2024
Financial year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007184949
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1007.184.949

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,692 m²
Building footprint
1,109 m²
Building volume
6,635 m³
Parcel 44001B0013/00R002, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ETEKonstruct
Ambachtenlaan 6, 9880 AalterOther building finishing work
since 2024unit no. 2.357.133.355
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44001B0013/00R002 Flanders 1,692 m² 1 · 1,109 m² 9.0 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Elektrotechnische installatiewerken aan gebouwen; Algemene elektriciteitswerken; Loodgieterswerk; Installatie van verwarming…” (deed in Dutch)
44 activities (deed in Dutch)
  1. Elektrotechnische installatiewerken aan gebouwen
  2. Algemene elektriciteitswerken
  3. Loodgieterswerk
  4. Installatie van verwarming, klimaatregeling en ventilatie
  5. Overige bouwinstallatie, niet eerder genoemd
  6. Stukadoorswerk
  7. Schrijnwerk
  8. Plaatsen van tussenwanden van gipsplaten
  9. Plaatsen van vloer- en wandtegels
  10. Glaszetten
  11. Dakwerkzaamheden
  12. Waterdichtingswerken van muren
  13. Uitvoeren van metsel- en voegwerken
  14. Restaureren van bouwwerken
  15. Chapewerken
  16. Installatie van industriële machines, toestellen en werktuigen
  17. Bouw van gebouwen; ontwikkeling van bouwprojecten
  18. Ontwikkeling van bouwprojecten
  19. Weg- en waterbouw
  20. Gespecialiseerde bouwwerkzaamheden
  21. Slopen en bouwrijp maken van terreinen
  22. Elektrische installatie, loodgieterswerk en overige bouwinstallatie
  23. Afwerking van gebouwen
  24. Overige gespecialiseerde bouwactiviteiten
  25. De aanleg, de verzorging en het onderhoud van parken en tuinen
  26. De bouw en onderhoud van particuliere en openbare zwembaden
  27. Reparatie en installatie van machines en apparaten
  28. Reparatie van producten van metaal, machines en apparaten
  29. Aan- en verkoop, in- en uitvoer van bouwmaterialen en bijhorigheden.
  30. Huur en verhuur van divers materieel
  31. Opslag en vervoerondersteunende activiteiten
  32. Het vervoer, zowel nationaal als internationaal, per spoor, te water, langs de weg en in de lucht
  33. Het goederenvervoer over de weg
  34. Het verrichten van transportactiviteiten
  35. Groothandel in andere consumentenartikelen
  36. Groothandel in andere machines en werktuigen en toebehoren
  37. Overige gespecialiseerde groothandel
  38. Niet-gespecialiseerde groothandel
  39. Markt- en straathandel
  40. Detailhandel in allerlei producten via het internet (e-commerce)
  41. Diverse administratieve activiteiten ten behoeve van kantoren
  42. Het verstrekken van documentatie
  43. Het verlenen van adviezen van financiële, technische, informatica, commerciële of administratieve aard
  44. Overige zakelijke dienstverlening

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ETEKonstruct
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest” (deed in Dutch)
“Brussel Hoofdstad of Nederlands taalgebied, eenvoudige beslissing” (deed in Dutch)

deed of 19-03-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking, 1” (deed in Dutch)
1 more provision on this in the deed

deed of 19-03-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of May at 13:00

deed of 19-03-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 15-06-2026
Liquidation distribution: “Aanzuivering schulden,lasten,kosten of consignatie, bijkomende volstorting of voorafgaandelijke terugbetalingen bij niet-volgestorte…” (deed in Dutch)
deed of 19-03-2024