Losses
-€24,578 in two years
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
O.N. CONSTRUCT
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1998peak €209,878 (2022)
-€5,699▲ €4,327
lowest -€168,611 (2021)
-€8,163▲ €8,252
peak €212,370 (2019)
€128,785▼ 6.0%
€115,574▼ 70.4%
peak 0 FTE (2006)
-not published
Documentsfilings and deeds
31-01-2026184 days late
2024financial year
Gross margin from -€10,026 to -€5,699Loss of €8,163Debts from €390,072 to €115,574
Key points
from the 2024 annual accountsChecked score
53
Fair
Financially stronger than 40% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.6%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.0%▲ +0.3 percentage points vs 07-2025
09-2025: 2.3%▲ +0.3 percentage points vs 08-2025
10-2025: 2.7%▲ +0.4 percentage points vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 3.3%▲ +0.6 percentage points vs 11-2025
01-2026: 6.5%▲ +3.2 percentage points vs 12-2025highest value
02-2026: 6.5%● unchanged vs 01-2026highest value
03-2026: 1.4%▼ -5.1 percentage points vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.3%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 1.4%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.2 percentage points vs 07-2026
09-2026: 1.8%▲ +0.2 percentage points vs 08-2026
10-2026: 2.1%▲ +0.3 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 184 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 04-02-2026)
lowers risk
Founded in 1997
Liquidity: current ratio 2.07, cash €45,893
Calculation
The band follows from the bankruptcy probability. 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). It does better than 61% of them on solvency, 52% on liquidity, 19% on profitability and 28% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as O.N. CONSTRUCT has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of O.N. CONSTRUCT itself is higher: 2.1% within 12 months. It rests on far more data about O.N. CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for O.N. CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.07 (1.34 in 2023), above the usual 1.5. Short-term debt is 47.3% and cash 18.8% of total assets. 47.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,163
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, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 184 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-01-2026, 184 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
184 days late
2023
91 days late
2022
30 days late
2021
118 days late
2020
116 days late
2019
376 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 153 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460946671
First establishment
De Wandstraat 269, Brussels
Incorporation
published on 08-07-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| O.N. CONSTRUCT Brussels | €244,359 | -€5,699 | 52.7% | - |
| ACTION FACADE Ixelles | €219,849 | -€24,551 | 28.2% | - |
| ATELIER DE L’IMPASSE Sint-Gillis (bij-Brussel) | €281,365 | -€25,968 | -10.4% | - |
| LE DROIT DE REVER Ixelles | €224,407 | -€5,311 | -74.9% | - |
| HOKUS POKUS Bruges | €252,283 | -€37,570 | -61.3% | - |
| GESPIA Jalhay | €232,403 | -€6,250 | 41.4% | - |
| GT ALGEMENE AANNEMINGEN Tielt | €261,689 | -€46,552 | 52.4% | - |
These companies have the same main activity as O.N. CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €220,000 and €281,000, founded between 1996 and 2001.
Official details
Source: KBO- Status
- Active since 26-06-1997Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.087.615.4891020 Brussels, since 09-07-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Insights on O.N. CONSTRUCT
O.N. CONSTRUCT has existed since 1997. The gross margin fell from €144,614 in 2015 to €19,870 in 2016.
Solvency rose in 2024 from 26.0% to 52.7% because of lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about O.N. CONSTRUCT
- What is the company number of O.N. CONSTRUCT?
- The company number of O.N. CONSTRUCT is 0460.946.671. The VAT number is the same number with BE in front: BE 0460.946.671.
- Where is O.N. CONSTRUCT based?
- The registered office is at De Wandstraat 269, 1020 Brussels.Company details
- What does O.N. CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of O.N. CONSTRUCT?
- O.N. CONSTRUCT is a private limited company (pre-2019) (BVBA).
- When was O.N. CONSTRUCT founded?
- O.N. CONSTRUCT was founded on 26-06-1997.
- Is O.N. CONSTRUCT still active?
- Yes, O.N. CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of O.N. CONSTRUCT?
- The annual accounts for financial year 2024 state no turnover. In financial year 2021 turnover was €3.4m.Financials
- Is O.N. CONSTRUCT profitable?
- In financial year 2024, O.N. CONSTRUCT made a loss of €8,163.
- Where can I find the annual accounts of O.N. CONSTRUCT?
- O.N. CONSTRUCT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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