FRED CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FRED CONSTRUCT is 1.5% (moderate). The 2024 annual accounts show equity of €256,615 and a net result of €54,340. Equity is growing by about 80% per year across the filed financial years. Its solvency ranks better than 77% of 9,840 sector peers (NACE 41, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €256,615
- Profit
- €54,340
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 29-09-2025)1 financial year not filed after the legal deadline; latest accounts 58 days late; 3 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 3.02, cash €164,003Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro): better than 77% on solvency, 88% on liquidity, 71% on profitability and 69% on growth.
The bankruptcy probability was computed on 21-10-2026 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).
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Signals
This company filed its last 6 accounts on average 71 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: BASTOS de AGUIAR LOPES Adriana…Appointment: BASTOS de AGUIAR LOPES…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 21 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 3% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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 26,975 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,576 | €5,576 | €6,638 | €6,598 | €6,459 | €3,912 | €3,825 | ▼ 2.2% |
| Other operating charges640/8 | - | - | - | €1,362 | €625 | €1,367 | €1,221 | ▼ 10.7% |
| Gross operating margin9900 | €33,439 | €2,685 | €19,979 | €24,798 | €132,237 | €84,054 | €86,424 | ▲ 2.8% |
| Operating profit (loss)9901 | €27,051 | -€3,427 | €12,440 | €16,838 | €125,152 | €78,776 | €81,378 | ▲ 3.3% |
| Financial income75/76B | - | - | - | €196 | €33 | €3 | €1 | ▼ 79.3% |
| Recurring financial income75 | €1 | - | €101 | €196 | €33 | €3 | €1 | ▼ 79.3% |
| Financial charges65/66B | - | - | - | €890 | €1,501 | €3,470 | €1,854 | ▼ 46.6% |
| Recurring financial charges65 | €1,378 | €694 | €1,480 | €890 | €1,501 | €3,470 | €1,854 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €25,674 | -€4,121 | €11,060 | €16,145 | €123,684 | €75,308 | €79,524 | ▲ 5.6% |
| Income taxes67/77 | €4,222 | €129 | €3,734 | €5,287 | €28,222 | €20,950 | €25,184 | ▲ 20.2% |
| Profit (loss) for the period9904 | €21,453 | -€4,250 | €7,326 | €10,857 | €95,462 | €54,358 | €54,340 | = |
| Profit (loss) for the period to be appropriated9905 | €21,453 | -€4,250 | €7,326 | €10,857 | €95,462 | €54,358 | €54,340 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €106,125 | €101,189 | €130,873 | €182,436 | €335,973 | €320,843 | €377,729 | ▲ 17.7% |
| Fixed assets21/28 | €17,686 | €12,270 | €10,365 | €3,767 | €16,433 | €12,761 | €11,696 | ▼ 8.3% |
| Tangible fixed assets22/27 | €17,476 | €11,900 | €9,995 | €3,397 | €16,063 | €12,151 | €8,326 | ▼ 31.5% |
| Plant, machinery and equipment23 | - | - | - | - | €1,545 | €1,220 | €895 | ▼ 26.6% |
| Furniture and vehicles24 | - | - | - | €3,397 | €14,519 | €10,932 | €7,432 | ▼ 32.0% |
| Financial fixed assets28 | €210 | €370 | €370 | €370 | €370 | €610 | €3,370 | ▲ 452% |
| Current assets29/58 | €88,440 | €88,920 | €120,508 | €178,668 | €319,540 | €308,081 | €366,033 | ▲ 18.8% |
| Amounts receivable within one year40/41 | €80,761 | €71,871 | €83,670 | €135,458 | €181,421 | €165,833 | €199,328 | ▲ 20.2% |
| Trade receivables40 | - | - | - | €129,144 | €175,715 | €164,978 | €185,064 | ▲ 12.2% |
| Other amounts receivable41 | - | - | - | €6,314 | €5,706 | €854 | €14,264 | ▲ 1,570% |
| Cash at bank and in hand54/58 | €6,033 | €15,146 | €36,838 | €40,527 | €137,154 | €139,495 | €164,003 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,683 | €965 | €2,754 | €2,701 | ▼ 1.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €106,125 | €101,189 | €130,873 | €182,436 | €335,973 | €320,843 | €377,729 | ▲ 17.7% |
| Equity10/15 | €38,522 | €34,272 | €41,598 | €52,456 | €147,918 | €202,275 | €256,615 | ▲ 26.9% |
| Contributions10/11 | €6,400 | €6,400 | - | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €30,262 | €26,012 | €33,338 | €44,196 | €139,658 | €194,015 | €248,355 | ▲ 28.0% |
| Amounts payable17/49 | €67,603 | €66,917 | €89,275 | €129,980 | €188,055 | €118,567 | €121,114 | ▲ 2.1% |
| Amounts payable after more than one year17 | €11,664 | €5,642 | - | - | €856 | - | - | - |
| Financial debts170/4 | - | - | - | - | €856 | - | - | - |
| Amounts payable within one year42/48 | €55,939 | €61,275 | €89,275 | €129,980 | €187,199 | €118,567 | €121,114 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,050 | €856 | - | - |
| Trade debts44 | €19,867 | €19,841 | €47,312 | €90,741 | €101,414 | €24,679 | €12,841 | ▼ 48.0% |
| Suppliers440/4 | - | - | - | €90,741 | €101,414 | €24,679 | €12,841 | ▼ 48.0% |
| Taxes, remuneration and social security45 | - | - | - | €6,687 | €54,369 | €73,060 | €84,795 | ▲ 16.1% |
| Taxes450/3 | - | - | - | €287 | €24,369 | €39,860 | €36,822 | ▼ 7.6% |
| Remuneration and social security454/9 | - | - | - | €6,400 | €30,000 | €33,200 | €47,973 | ▲ 44.5% |
| Other amounts payable47/48 | - | - | - | €32,552 | €26,366 | €19,972 | €23,478 | ▲ 17.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,453 | -€4,250 | €7,326 | €10,857 | €95,462 | €54,358 | €54,340 | = |
| + Depreciation and write-downs630 | €5,576 | €5,576 | €6,638 | €6,598 | €6,459 | €3,912 | €3,825 | ▼ 2.2% |
| Operating cash flow (approximation) | €27,029 | €1,326 | €13,964 | €17,455 | €101,921 | €58,270 | €58,165 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€160 | -€4,733 | €0 | -€19,125 | -€240 | -€2,760 | ▼ 1,050% |
| Change in cash | - | €9,114 | €21,692 | €3,689 | €96,626 | €2,342 | €24,508 | ▲ 947% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-09-2025 | 2025-00508545 |
| 31-12-2023 | micro format | 04-10-2024 | 2024-00493267 |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00484739 |
| 31-12-2021 | micro format | 13-10-2022 | 2022-20459082 |
| 31-12-2020 | micro format | 01-10-2021 | 2021-70600541 |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68300175 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61800142 |
| 31-12-2017 | micro format | 11-10-2018 | 2018-69100453 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BASTOS de AGUIAR LOPES Adriana |
|
Owners and capital
Capital and shareholders
- 27-02-2025 Converted to unavailable equity · €8,260
- 27-02-2025 Converted to uncalled contributions · €12,200
Group and network
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
27-02
Gazette deed
Resignation: BASTOS de AGUIAR LOPES Adriana (manager)Appointment: BASTOS de AGUIAR LOPES Adriana (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 18-02-2025
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, faire appel à un professionnel du chiffre pour réaliser ce double test” (deed in French)
- Capital
- Other provision, “mission au notaire, l'assemblée générale décide de donner la mission au notaire soussigné d'établir et de signer la coordination des statuts, conformément à la…” (deed in French)
- Director resignation, BASTOS de AGUIAR LOPES Adriana (manager)
- Director appointment, BASTOS de AGUIAR LOPES Adriana (director (not named in the articles))
- Registered office clause, “1210 Saint-Josse-Ten-Noode, rue Scailquin 35” (deed in French)
- Other provision, “adresse électronique et site internet, la société n'a pas de site internet” (deed in French)
- General meeting
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 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 0675.625.685
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21572B0514/00M000 | Brussels | 1,404 m² | 1 · 415 m² | 85.5 m · 27 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Entreprise générale de tous travaux publics et privés, d’une manière générale tous travaux de construction, de rénovations, de…” (deed in French)
35 activities (deed in French)
- Entreprise générale de tous travaux publics et privés, d’une manière générale tous travaux de construction, de rénovations, de transformations, de restaurations, de démolitions, de parachèvement et de finitions du bâtiment dans toutes ses applications
- La vidange de fosses septiques et de canalisations, la vidange de collecteurs industriels de déchets liquides, l'ébouage et l’épandage de déchets liquides
- La maçonnerie, la peinture, la finition d’intérieur et d’extérieur, le plafonnage, le nettoyage de façade, la menuiserie, la pose de mosaïques et de carrelage, la pose de sanitaires, le rejointoiement, le sablage, le coffrage, la plâtrerie, le nettoyage, la démolition et le terrassement, et plus généralement, l’entreprise générale en construction
- La pose de carrelages et de pierre de taille, la taille de pierres du pays et de marbre, la taille façonnage et finition de pierres, les opérations réalisées sur pierre brutes, la fabrication d'ouvrages en asphalte
- La fabrication de panneaux électriques pour la récupération de chaleur solaire, les travaux de terrassement et comblement, le nivellement et la destruction à l’explosif
- Le drainage de chantiers de construction, les forages et sondages, la construction de tunnels, ponts et viaducs, la construction de pistes d'atterrissage, les travaux de dragage, la mise en place de fondations, la construction de chambres fortes, les travaux d'isolation de canalisation de chauffage et de réfrigération
- Le rejointoiement, l’installation de piscines privées, la destruction de parasites, ainsi que l'installation de panneaux de signalisation
- La pose de cloisons et faux plafonds en bois, l’installation de portes rétractiles et stores
- La location de containers
- Le recyclage et le triage de déchets, ainsi que la récupération et la valorisation de métaux ferreux et non ferreux
- La destruction et la démolition
- La pose et dépose de carrelage, le gros œuvre, la fabrication et la pose de panneaux de bois et de plâtre, la fabrication et la pose de contre plaqués
- La fabrication d'ouvrages préfabriqués en ciment et béton, le coffrage, le recouvrement d'enduit de protection
- La fabrication de cadres métalliques et ossature pour la construction ainsi que la pose de ceux-ci, la fabrication et la pose de portes et fenêtres en métal
- La construction générale de bâtiments non résidentiels, le rejointoiement, le cimentage, le montage de hangars, granges et silos, la construction de routes, le marquage a la peinture des chaussées, la construction de réseaux d'évacuation, la construction de tous autres ouvrages
- Le curage de fosses, la construction de barrages et de digues, la construction de terrains de jeux
- Les travaux de construction spécialisés, les travaux de terrassement, le drainage des terrains, le déblayage des chantiers, les forages et sondages, l’installation de systèmes d'alarme et de communication, les travaux d'installation électrotechnique
- Les travaux d'isolation acoustique et thermique, les activités diverses de finition, le sablage, le nettoyage et le démoussage de toitures, la pose de plaques de gyproc; la vente, la pose et la fabrication de panneaux photovoltaïques, la pose et la fabrication de recouvrements hydrofuges, le recouvrement de sols
- La vente de gros et de détail de carrelages, pierres naturelles, marbres et matériaux de construction
- La réparation, le nettoyage de toutes types de textiles, notamment les activités de blanchisserie, de teinturerie, de nettoyage à sec, de dégraissage, de repassage en libre-service ou en titres-services, de couture, de nettoyage de cuir, daim, fourrure, tapis; l'exploitation de tout commerce similaire, tel un salon lavoir
- La restauration en général et dans le secteur HORECA, et plus généralement l’exploitation de tous salons de consommation, tavernes, pizzerias, dancing, cafés, snack-bars
- Le service traiteur, le commerce de tous aliments et boissons, alcoolisées ou non
- L’importation, l’exportation et la distribution de tous vins, liqueurs ou autres boissons, l'alimentation générale, la livraison d'aliments, ainsi que la vente ambulatoire
- L’organisation de banquets et réceptions, ainsi que toutes opérations de tourisme, d’hôtellerie, de divertissements et de loisirs
- L’achat, la vente et la location de tout le matériel de cuisine ou de table
- L’achat et la vente en gros et aux détails
- Toutes opérations se rapportant directement ou indirectement l'acquisition, la vente et la location de linges, textiles divers, de produits d'entretien ou de nettoyage en tout genre
- Toutes opérations se rapportant directement ou indirectement au nettoyage de tous types de locaux ou immeubles divers
- Le nettoyage intérieur de bâtiments de tous types, y compris les bureaux, les ateliers, les usines, les locaux d’institutions et les autres locaux à usage commercial ou professionnel ainsi que les maisons unifamiliales et les immeubles à appartements; le nettoyage des vitres; le repassage
- L’importation, l’exportation, l’achat, la vente en gros, demi gros ou en détail, la vente directe de toutes sortes de marchandises et produits divers, la fabrication, la confection, la distribution, la création, la promotion de toutes marchandises
- Intermédiaire commercial: l’importation et l’exportation de matériaux divers, courtier en marchandises, représentation commerciale intermédiaire commercial
- Tout ce qui se rattache au transport, national et international, terrestre, maritime et aérien de tous biens et marchandises; l’expédition, le marketing, la commercialisation et la distribution, l’entreposage, l’affrètement, la messagerie, l’agence en douane, les assurances et en général tout ce qui se rapporte au fret; la location de tous véhicules à moteur; la logistique et le transport par voie terrestre de personnes et/ou de biens de moins et/ou de plus de cinq cents (500) kilogrammes; le transport de personne rémunéré ou pas
- L’acquisition d’immeubles en vue de leur revente ainsi que toutes opérations de leasing immobilier, la conclusion de droits de superficie ou d'emphytéose, la renonciation au droit d’accession au profit de tiers. D’une manière générale, la société peut entreprendre toutes activités de promotion immobilière avec et ou pour compte de toutes institutions publiques ou privées. La société peut également acquérir des immeubles en vue de leur mise en location ou de leur mise à disposition sous quelque forme que ce soit au profit de toutes institutions publiques ou privées
- La société a pour objet, le développement d'applications informatiques, la formation, la distribution, la représentation, la commercialisation, la location de tous matériels liés à l'informatique, le conseil aux entreprises, et ceci par tous moyens et, plus généralement, toutes opérations commerciales, financières, mobilières ou immobilières pouvant se rattacher directement ou indirectement à l'objet précité, ou à tous objets similaires, connexes ou susceptibles d'en faciliter le développement ou la réalisation
- La location de tout véhicule automoteur avec ou sans chauffeur, l’achat et la vente de véhicule d’occasion et toutes autres biens d’occasions en gros ou en détail
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert par simple décision de l'organe d'administration dans la Région de Bruxelles-Capitale ou dans la…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Cette rémunération sera portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements…” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Les titulaires d’actions peuvent prendre connaissance de ce registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Les actions peuvent être cédées entre vifs ou transmises pour cause de mort, sans agrément” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission, En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la…” (deed in French)“Courrier électronique, ou, pour les personnes dont elle ne dispose pas d’une adresse électronique, par courrier ordinaire, à envoyer le même…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, sans préjudice de la faculté de l'assemblée générale de désigner un ou plusieurs liquidateurs et de déterminer leurs pouvoirs…” (deed in French)