ON CONSTRUCT
The computed 12-month bankruptcy probability of ON CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €137k and a net result of €-7k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 36383 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €137k |
| Net result | €-7k |
| Better than sector | 72% |
| Active | 9 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.3% | 46.6% | |
| Net result | €-7k | €9k | |
| Equity | €137k | €58k | |
| Gross operating margin | €115k | €38k | |
| Staff costs | €65k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | -21.7% | +56.8% | +42.7% | - |
| EBITDA | -67.3% | +93.5% | +235.1% | - |
| Net profit | - | +70.6% | +353.5% | - |
| Cash flow | -78.4% | +64.0% | +242.2% | - |
| Staff costs | +33.2% | -26.6% | +82.3% | - |
| Income taxes | +12.7% | +159.9% | - | - |
| Dividends | - | - | - | - |
| Total assets | -23.6% | +38.2% | +101.1% | - |
| Equity | -5.0% | +40.1% | +68.4% | - |
| Debt | -44.8% | +36.0% | +156.3% | - |
| of which ≤ 1y | -44.8% | +36.0% | +171.2% | - |
| of which > 1y | - | - | - | - |
| Working capital | +20.1% | +106.2% | +9.8% | - |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.70 | 1.78 | 1.52 | 2.28 |
| Quick ratio | 2.70 | 1.78 | 1.52 | 2.28 |
| Working capital ratio | 57.3% | 36.5% | 24.4% | 44.8% |
| Solvency | 66.3% | 53.4% | 52.7% | 62.9% |
| Debt / equity | 0.51 | 0.87 | 0.90 | 0.59 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 215.14 | 621.60 | 272.58 | 47.33 |
| Gross margin | 25.6% | 30.4% | 36.3% | 23.2% |
| Net margin | -1.6% | 12.5% | 11.5% | 3.6% |
| ROA | -3.5% | 26.4% | 21.4% | 9.5% |
| ROE | -5.3% | 49.5% | 40.6% | 15.1% |
| EBITDA margin | 8.3% | 20.0% | 16.2% | 6.9% |
| Days sales outstanding | 6d | 2d | 41d | 7d |
| Days payable outstanding | 19d | 29d | 45d | 3d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €206k | €270k | €195k | €97k |
| Fixed assets | 21/28 | €19k | €46k | €55k | €20k |
| Tangible fixed assets | 22/27 | €17k | €44k | €53k | €17k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €188k | €224k | €140k | €78k |
| Amounts receivable within one year | 40/41 | €13k | €16k | €45k | €11k |
| Cash & bank | 54/58 | €175k | €208k | €95k | €66k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €206k | €270k | €195k | €97k |
| Equity | 10/15 | €137k | €144k | €103k | €61k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | €124k | €132k | €90k | €49k |
| Amounts payable | 17/49 | €69k | €126k | €92k | €36k |
| Amounts payable within one year | 42/48 | €69k | €126k | €92k | €34k |
| Trade debts payable within one year | 44 | €17k | €32k | €29k | €1k |
| Income statement | |||||
| Turnover | 70 | €448k | €571k | €365k | €256k |
| Gross operating margin | 9900 | €115k | €174k | €132k | €59k |
| Operating result | 9901 | €9k | €89k | €42k | €10k |
| Financial income | 75 | €137 | €74 | €23 | €65 |
| Financial charges | 65 | €173 | €184 | €216 | €372 |
| Result before taxes | 9903 | €7k | €84k | €47k | €9k |
| Income taxes | 67/77 | €15k | €13k | €5k | - |
| Net result for the period | 9904 | €-7k | €71k | €42k | €9k |
| Result to be appropriated | 9905 | €-7k | €71k | €42k | €9k |
Former directors (1)
-
AJETI IsmetManagerState Gazette act 24426646 (06-09-2024)Former- → 06-09-2024
| NACE primary | Specialised construction activities(43421) |
| Legal form | Private limited company(610) |
| Incorporation | 29-11-2016 |
| Status | Active |
| Postal code | 1030 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0268/00E004 | Brussels | 461 m² | 1 · 144 m² | 14.4 m · 4 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-09-2024 1 resigning, 1 reappointed
- AJETI Ismet, Zaakvoerder
- AJETI Ismet, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gerant",
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"name": "AJETI Ismet",
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},
"reason": "de_plein_droit_dissolution",
"subkind": null,
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"compensated": false,
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"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction du g\u00E9rant actuel, mentionn\u00E9 ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : - Monsieur AJETI Ismet, domicili\u00E9 \u00E0 1831 Machelen (Diegem), Calenbergstraat 22, ici",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
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},
{
"kind": "director_renew",
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},
"reason": null,
"subkind": "renewal",
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"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction du g\u00E9rant actuel, mentionn\u00E9 ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : - Monsieur AJETI Ismet, domicili\u00E9 \u00E0 1831 Machelen (Diegem), Calenbergstraat 22, ici",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
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},
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}
],
"notary": {
"name": "Guy DESCAMPS",
"firm_city": null,
"firm_name": null,
"office_city": "Saint-Gilles",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-09-06",
"filing_date": "2024-09-04",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-08-28",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0666.788.094",
"name_full": "ON CONSTRUCT",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Guy DESCAMPS",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte",
"les statuts coordonn\u00E9s"
],
"corrected_publication_numac": null
}| Legal nameFR | ON CONSTRUCT |