Financials
- Financial year
- 2024
- Total assets
- €50,534
- Loss
- -€4,747
- Solvency
- 60.7%
Total assets▲ 18.3%
Net result
20212024
FRIENDS CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of FRIENDS CONSTRUCTION is 8.9% (elevated). The 2024 annual accounts show equity of €30,649 and a net result of -€4,747. Equity is growing by about 34% per year across the filed financial years. Its solvency ranks better than 69% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001
1 site
Size
€50,534total assets 2024
- Equity
- €30,649
- Loss
- -€4,747
Turnover not published (micro format)
Structure
2025 accounts not filed, 89 days past the deadline2 deeds in the Belgian Official Gazette
Why 33raises risk1 financial year not filed after the legal deadline; last filed accounts filed 126 days late; 3 of the last 3 lateLiquidity: current ratio 2.25Figures for financial year 2024 (filed 12-12-2025)Sector: Construction of residential and non-residential buildings (NACE 41)Show the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 43% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Average
Solvency
86-14
equity 60.7% of total assets
Liquidity
63-28
short-term debt 39.3%
Profitability
7-93
return on assets -9.4%
Bankruptcy probability, 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.4%
12-2024: 5.4%● unchanged vs 11-2024
01-2025: 5.5%▲ +0.1 percentage points vs 12-2024
02-2025: 5.4%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 5.5%▲ +0.1 percentage points vs 02-2025
04-2025: 5.5%● unchanged vs 03-2025
05-2025: 5.7%▲ +0.2 percentage points vs 04-2025
06-2025: 5.8%▲ +0.1 percentage points vs 05-2025
07-2025: 5.7%▼ -0.1 percentage points vs 06-2025
08-2025: 6.2%▲ +0.5 percentage points vs 07-2025
09-2025: 6.5%▲ +0.3 percentage points vs 08-2025
10-2025: 7.1%▲ +0.6 percentage points vs 09-2025
11-2025: 7.2%▲ +0.1 percentage points vs 10-2025
12-2025: 7.9%▲ +0.7 percentage points vs 11-2025
01-2026: 7.6%▼ -0.3 percentage points vs 12-2025
02-2026: 7.5%▼ -0.1 percentage points vs 01-2026
03-2026: 7.6%▲ +0.1 percentage points vs 02-2026
04-2026: 7.6%● unchanged vs 03-2026
05-2026: 7.7%▲ +0.1 percentage points vs 04-2026
06-2026: 7.2%▼ -0.5 percentage points vs 05-2026
07-2026: 6.8%▼ -0.4 percentage points vs 06-2026
08-2026: 7.4%▲ +0.6 percentage points vs 07-2026
09-2026: 7.6%▲ +0.2 percentage points vs 08-2026
10-2026: 8.9%▲ +1.3 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 2.25, compared with 4.67 in 2023, above the usual 1.5; short-term debt: 39.3% of total assets), and 39.3% 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 41, micro): better than 70% on solvency, 68% on liquidity, 12% on profitability and 23% on growth.
The bankruptcy probability was computed on 27-10-2026 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
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 126 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
126 days late
2023
65 days late
2022
88 days late
2021
109 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 97 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…
- Weakest financial yearnet -€4,747
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2022
- 31-12-2023Back to profit
- 27-10-2023Annual accounts filed
- 31-12-2022Liquidity more than triples
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 08-02-2021
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Key facts about FRIENDS CONSTRUCTION
- What is the company number of FRIENDS CONSTRUCTION?
- 0763.335.065. In Belgium the VAT number is the company number with BE in front: BE 0763.335.065.
- Where is FRIENDS CONSTRUCTION based?
- The registered office is at Assesteenweg 116, 1740 Ternat.Company details
- What does FRIENDS CONSTRUCTION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of FRIENDS CONSTRUCTION?
- Private limited company (BV).
- When was FRIENDS CONSTRUCTION founded?
- On 08-02-2021.
- Is FRIENDS CONSTRUCTION still active?
- Yes, FRIENDS CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of FRIENDS CONSTRUCTION?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is FRIENDS CONSTRUCTION profitable?
- In financial year 2024, FRIENDS CONSTRUCTION made a loss of €4,747.
- Where can I find the annual accounts of FRIENDS CONSTRUCTION?
- FRIENDS CONSTRUCTION filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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