XAZ CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of XAZ CONSTRUCT is 3.1% (moderate). The 2025 annual accounts show equity of €23,941 and a net result of €21,441. Its solvency ranks better than 73% of 9,327 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €23,941
- Profit
- €21,441
Why 52raises riskFounded in 2024Size: total assets €37,029Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskEquity €23,941 (64.7% of total assets)Show the evidence
Checked score
About 3 in 100 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 41, micro): better than 74% on solvency, 39% on liquidity and 91% on profitability.
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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationFounder · Founding capital
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 11,279 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,483 |
| Other operating charges640/8 | €1,623 |
| Gross operating margin9900 | €33,618 |
| Operating profit (loss)9901 | €30,512 |
| Financial income75/76B | €215 |
| Recurring financial income75 | €215 |
| Financial charges65/66B | €3,436 |
| Recurring financial charges65 | €3,436 |
| Profit (loss) for the period before taxes9903 | €27,291 |
| Income taxes67/77 | €5,850 |
| Profit (loss) for the period9904 | €21,441 |
| Profit (loss) for the period to be appropriated9905 | €21,441 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €37,029 | |
| Fixed assets21/28 | €9,101 | |
| Tangible fixed assets22/27 | €6,101 | |
| Plant, machinery and equipment23 | €4,254 | |
| Furniture and vehicles24 | €1,847 | |
| Financial fixed assets28 | €3,000 | |
| Current assets29/58 | €27,928 | |
| Amounts receivable within one year40/41 | €19,936 | |
| Trade receivables40 | €9,381 | |
| Other amounts receivable41 | €10,555 | |
| Cash at bank and in hand54/58 | €2,317 | |
| Deferred charges and accrued income490/1 | €5,675 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €37,029 | |
| Equity10/15 | €23,941 | |
| Contributions10/11 | €2,500 | |
| Reserves13 | €21,441 | |
| Distributable reserves133 | €21,441 | |
| Amounts payable17/49 | €13,088 | |
| Amounts payable within one year42/48 | €13,088 | |
| Trade debts44 | €7,238 | |
| Suppliers440/4 | €7,238 | |
| Taxes, remuneration and social security45 | €5,850 | |
| Taxes450/3 | €5,850 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €21,441 |
| + Depreciation and write-downs630 | €1,483 |
| Operating cash flow (approximation) | €22,924 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00224771 |
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
Owners and capital
Capital and shareholders
- Khatsiyev Magomedemin sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-11-2024 Incorporation · €2,500
Group and network
Connections & network
No sitting directors or connected companies in the Gazette act read.
History
Acts, filings and financial milestones
19-11
Gazette deed
IncorporationFounder · Founding capital3 facts ▸
- Incorporation, 13-11-2024
- Founder, Khatsiyev Magomedemin
- Founding capital, €2,500
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 1016.230.990
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 |
|---|---|---|---|---|
| 44362B0004/00M008 | Flanders | 381 m² | 1 · 211 m² | 10.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwwerkzaamheden; Aankoop, verkoop, onderhoud & herstellingen van wagens; Vervoer van goederen (wegtransport); Overige zakelijke…” (deed in Dutch)
10 activities (deed in Dutch)
- Algemene bouwwerkzaamheden
- Aankoop, verkoop, onderhoud & herstellingen van wagens
- Vervoer van goederen (wegtransport)
- Overige zakelijke dienstverlening
- Het waarnemen van bestuursmandaten, het rechtstreeks of onrechtstreeks deelnemen aan het bestuur, de directie, de controle en de vereffening van vennootschappen, ondernemingen en verenigingen, in het algemeen alle handelingen stellen die geheel of gedeeltelijk, rechtstreeks of onrechtstreeks behoren tot de activiteiten van een managementvennootschap.
- De vennootschap mag belangen verwerven in andere, bestaande of op te richten, vennootschappen in binnen- en buitenland door middel van inschrijving, inbreng, samenwerking of andere financiële tussenkomsten.
- De aankoop, verkoop, huur, verhuur, leasing van roerende en onroerende goederen of zakelijke rechten op roerende en onroerende goederen. De vennootschap mag onroerende goederen en/of zakelijke rechten op onroerende goederen verwerven, zelfs als deze noch rechtstreeks, noch onrechtstreeks verband houden met het doel van de vennootschap.
- De vennootschap mag alle commerciële, industriële, financiële, roerende en onroerende handelingen uitoefenen, zowel in België als in het buitenland, die haar doel rechtstreeks of onrechtstreeks kunnen bevorderen.
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van dien aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- XAZ CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 9050 Gent (Gentbrugge), Jan Rijmstraat 22 bus 0101” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal, duur opdracht en bij meerdere bestuurders bevoegdheid” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 10:00