ON CONSTRUCT
ActiveSummary
ON CONSTRUCT has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,683 and a net result of €13,797. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 74% of 9,816 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- ≈ 2.9 FTE, estimated
- Equity
- €150,683
- Profit
- €13,797
Why 84raises riskLast filed accounts filed 61 days late; 2 of the last 3 lateSize: turnover €434,625, total assets €230,660lowers riskLiquidity: current ratio 2.80, cash €200,619Equity €150,683 (65.3% of total assets)Show the evidence
Checked score
About 4 in 1,000 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 43, micro): better than 71% on solvency, 82% on liquidity, 32% on profitability and 50% on growth.
The bankruptcy probability was computed on 28-10-2026 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 7 accounts on average 56 days after 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 (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €13,797
- Equity above €150,000equity €150,683 ▲10.1%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537469.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 81% above 2024.
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 43, Specialised construction activities: 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 26,972 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 0.4% 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 497,445 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% | 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 26,972 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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €156,255 | €208,928 | €306,084 | €255,548 | €364,542 | €571,471 | €447,583 | €434,625 | ▼ 2.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €196,325 | €232,141 | €397,968 | €333,042 | €236,421 | ▼ 29.0% |
| Remuneration, social security and pensions62 | - | - | - | €36,420 | €66,391 | €48,743 | €64,921 | €163,197 | ▲ 151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,550 | €5,892 | €7,061 | €7,964 | €17,001 | €25,125 | €28,070 | €12,628 | ▼ 55.0% |
| Other operating charges640/8 | - | - | - | €5,209 | €7,052 | €10,689 | €12,345 | €4,099 | ▼ 66.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €1,634 | - |
| Gross operating margin9900 | €16,405 | €31,221 | €52,324 | €59,222 | €132,401 | €173,502 | €114,541 | €198,204 | ▲ 73.0% |
| Operating profit (loss)9901 | €9,433 | €20,157 | €18,390 | €9,630 | €41,957 | €88,945 | €9,206 | €16,646 | ▲ 80.8% |
| Financial income75/76B | - | - | - | €395 | €5,523 | €526 | €137 | €88 | ▼ 35.5% |
| Recurring financial income75 | - | €1 | €28 | €65 | €23 | €74 | €137 | €88 | ▼ 35.5% |
| Non-recurring financial income76B | - | - | - | €331 | €5,500 | €453 | €137 | - | - |
| Financial charges65/66B | - | - | - | €813 | €748 | €5,325 | €2,072 | €345 | ▼ 83.4% |
| Recurring financial charges65 | €137 | €147 | €149 | €372 | €216 | €184 | €173 | €345 | ▲ 99.1% |
| Non-recurring financial charges66B | - | - | - | €441 | €532 | €5,141 | €1,898 | - | - |
| Profit (loss) for the period before taxes9903 | €8,723 | €13,540 | €17,115 | €9,212 | €46,732 | €84,147 | €7,271 | €16,390 | ▲ 125% |
| Income taxes67/77 | - | €4,006 | €3,116 | - | €4,954 | €12,877 | €14,508 | €2,593 | ▼ 82.1% |
| Profit (loss) for the period9904 | €8,723 | €9,534 | €13,999 | €9,212 | €41,778 | €71,270 | -€7,237 | €13,797 | - |
| Profit (loss) for the period to be appropriated9905 | €8,723 | €9,534 | €13,999 | €9,212 | €41,778 | €71,270 | -€7,237 | €13,797 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €45,381 | €60,730 | €83,136 | €97,162 | €195,352 | €269,942 | €206,317 | €230,660 | ▲ 11.8% |
| Fixed assets21/28 | €8,780 | €10,813 | €12,043 | €19,579 | €55,090 | €45,651 | €18,621 | €6,951 | ▼ 62.7% |
| Tangible fixed assets22/27 | €8,475 | €9,608 | €10,838 | €17,474 | €52,985 | €43,546 | €16,516 | €4,846 | ▼ 70.7% |
| Furniture and vehicles24 | - | - | - | €17,474 | €52,985 | €43,546 | €16,516 | €4,846 | ▼ 70.7% |
| Financial fixed assets28 | €305 | €1,205 | €1,205 | €2,105 | €2,105 | €2,105 | €2,105 | €2,105 | = |
| Current assets29/58 | €36,601 | €49,917 | €71,093 | €77,583 | €140,262 | €224,291 | €187,696 | €223,710 | ▲ 19.2% |
| Amounts receivable within one year40/41 | €31,022 | €13,208 | €12,523 | €11,118 | €45,314 | €16,264 | €12,867 | €23,091 | ▲ 79.5% |
| Trade receivables40 | - | - | - | €4,851 | €40,616 | €2,668 | €7,018 | €4,959 | ▼ 29.3% |
| Other amounts receivable41 | - | - | - | €6,267 | €4,698 | €13,596 | €5,849 | €18,132 | ▲ 210% |
| Cash at bank and in hand54/58 | €5,579 | €36,709 | €58,570 | €66,465 | €94,948 | €208,026 | €174,829 | €200,619 | ▲ 14.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €45,381 | €60,730 | €83,136 | €97,162 | €195,352 | €269,942 | €206,317 | €230,660 | ▲ 11.8% |
| Equity10/15 | €28,331 | €37,865 | €51,864 | €61,076 | €102,853 | €144,123 | €136,886 | €150,683 | ▲ 10.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Share premium1100/10 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €15,931 | €25,465 | €39,464 | €48,676 | €90,453 | €131,723 | €124,486 | €138,283 | ▲ 11.1% |
| Amounts payable17/49 | €17,050 | €22,865 | €31,272 | €36,086 | €92,499 | €125,818 | €69,431 | €79,977 | ▲ 15.2% |
| Amounts payable within one year42/48 | €17,050 | €22,865 | €31,272 | €34,101 | €92,499 | €125,818 | €69,431 | €79,977 | ▲ 15.2% |
| Trade debts44 | €626 | €818 | €45 | €1,444 | €28,755 | €31,938 | €17,487 | €32,992 | ▲ 88.7% |
| Suppliers440/4 | - | - | - | €1,444 | €28,755 | €31,938 | €17,487 | €32,992 | ▲ 88.7% |
| Advances received on contracts in progress46 | - | - | - | €1,300 | €21,509 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €6,847 | €16,818 | €45,299 | €5,363 | €2,649 | ▼ 50.6% |
| Taxes450/3 | - | - | - | €59 | €646 | €10,853 | €2,649 | €2,649 | = |
| Remuneration and social security454/9 | - | - | - | €6,788 | €16,172 | €34,446 | €2,713 | - | - |
| Other amounts payable47/48 | - | - | - | €24,510 | €25,417 | €48,581 | €46,581 | €44,336 | ▼ 4.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,985 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,723 | €9,534 | €13,999 | €9,212 | €41,778 | €71,270 | -€7,237 | €13,797 | - |
| + Depreciation and write-downs630 | €3,550 | €5,892 | €7,061 | €7,964 | €17,001 | €25,125 | €28,070 | €12,628 | ▼ 55.0% |
| Operating cash flow (approximation) | €12,273 | €15,426 | €21,060 | €17,176 | €58,779 | €96,395 | €20,833 | €26,424 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | -€7,925 | -€8,291 | -€15,500 | -€52,512 | -€15,686 | -€1,040 | -€957 | ▲ 7.9% |
| Change in cash | - | €31,130 | €21,861 | €7,895 | €28,483 | €113,079 | -€33,198 | €25,791 | - |
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 (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00537469 |
| 31-12-2024 | micro format | 13-07-2025 | 2025-00267016 |
| 31-12-2023 | micro format | 10-10-2024 | 2024-00503082 |
| 31-12-2022 | micro format | 21-09-2023 | 2023-00450572 |
| 31-12-2021 | micro format | 22-09-2022 | 2022-20433539 |
| 31-12-2020 | micro format | 28-09-2021 | 2021-68900534 |
| 31-12-2019 | full format | 24-11-2020 | 2020-71700010 |
| 31-12-2018 | full format | 11-10-2019 | 2019-70000032 |
| 31-12-2017 | full format | 24-10-2018 | 2018-70100151 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AJETI Ismet |
|
Owners and capital
Capital and shareholders
- 06-09-2024 Converted to unavailable equity · €12,400
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-09
Gazette deed
Resignation: AJETI Ismet (manager)Appointment: AJETI Ismet (director) · Amendment of the articles · Capital conversion8 facts ▸
- General meeting, 28-08-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, fonds disponibles pour distribution” (deed in French)
- Share issue, “égal dans répartition bénéfices et produits liquidation”, 186 (deed in French)
- Director resignation, AJETI Ismet (manager)
- Director appointment, AJETI Ismet (director (not named in the articles))
- Registered office clause, “1030 Schaerbeek,Rue Richard Vandevelde 114” (deed in French)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 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 28 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 0666.788.094
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 |
|---|---|---|---|---|
| 21902A0268/00E004 | Brussels | 461 m² | 1 · 144 m² | 14.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ON CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sans changement en matière de régime linguistique applicable” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, nommés avec ou sans limitation durée” (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, registre actions nominatives” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale formes modifications statuts, tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner un ou plusieurs fixer pouvoirs émoluments, administrateurs en fonction si aucun autre désigné” (deed in French)