Financials
- Fiscal year
- 2024
- Total assets
- €355,020
- Profit
- €51,827
- Solvency
- 45.6%
Total assets▼ 60.6%
Net result
20222024
P A CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of P A CONCEPT is 16.1% (high). The 2024 annual accounts show equity of €161,820 and a net result of €51,827. Equity is growing by ~46.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 9972 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
How big
€355,020total assets 2024
- Equity
- €161,820
- Profit
- €51,827
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 18- 1 financial year not filed after the legal deadline; latest accounts 165 days late; 3 of the last 3 late- 1 change of registered office in 24 months- Figures for FY 2024 (filed 12-01-2026)- Size: total assets €355,020Show the evidence
Checked score
Score 2024
18
/ 100
Critical
Probability in this band: over 15.0%
Better than 52% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
71+34
equity 45.6% of total assets
Liquidity
30+28
short-term debt 54.4% · cash 5.8%
Profitability
74+23
return on assets 14.6%
Bankruptcy probability, 12 months
16.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 12.5%lowest value
09-2026: 13.3%▲ +6.8% vs 08-2026
10-2026: 16.1%▲ +20.4% vs 09-2026highest value
- 1 financial year not filed after the legal deadline; latest accounts 165 days late; 3 of the last 3 late raises the probability
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2024 (filed 12-01-2026) raises the probability
- Size: total assets €355,020 raises the probability for this profile
No credit on open account
Liquidity ample (current ratio 1.84 against 1.14 in 2023; short-term debt: 54.4% and cash: 5.8% of total assets), but 54.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 54%, liquidity 24%, profitability 50%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-01-2026, 165 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
165 d late
2023
308 d late
2022
262 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 245 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Equity above €150,000Eq €161,820 ▲47.1%
Key points
By topic
Timeline
- Events
- 6
- Since
- 2023
- 12-01-2026Annual accounts filed
- 04-06-2025Annual accounts filed
- 31-12-2024Equity above €150,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 23-09-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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