A.V.D. Construct
ActiveSummary
A.V.D. Construct has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €5k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 48% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency52▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.03 in 2024; short-term debt: 10.3% and cash: 13.4% of total assets), and 73.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.9%
Return on assets
1.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €137k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
69 d early
2023
54 d early
2022
67 d early
2021
31 d late
2020
31 d late
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€137k▲ 4.2%
2024 · €131k
2018: €137k
2019: €148k▲ +8.1% vs 2018
2020: €158k▲ +6.6% vs 2019highest in 8 years
2021: €120k▼ -24.0% vs 2020lowest in 8 years
2022: €129k▲ +7.9% vs 2021
2023: €121k▼ -6.3% vs 2022
2024: €131k▲ +8.3% vs 2023
2025: €137k▲ +4.2% vs 2024
2018 → 2025
Total assets
€508k▲ 1.0%
2024 · €503k
2018: €371klowest in 8 years
2019: €385k▲ +3.6% vs 2018
2020: €416k▲ +8.2% vs 2019
2021: €374k▼ -10.1% vs 2020
2022: €383k▲ +2.2% vs 2021
2023: €489k▲ +27.9% vs 2022
2024: €503k▲ +2.8% vs 2023
2025: €508k▲ +1.0% vs 2024highest in 8 years
2018 → 2025
Net result
€5k▼ 45.7%
2024 · €10k
2018: €12khighest in 8 years
2019: €11k▼ -10.3% vs 2018
2020: €10k▼ -11.4% vs 2019
2021: €-38k▼ -486% vs 2020lowest in 8 years
2022: €9k▲ +125% vs 2021
2023: €-8k▼ -186% vs 2022
2024: €10k▲ +223% vs 2023
2025: €5k▼ -45.7% vs 2024
2018 → 2025
Working capital
€22k▲ 1,362%
2024 · €2k
2018: €-53klowest in 8 years
2019: €-25k▲ +52.3% vs 2018
2020: €73k▲ +390% vs 2019highest in 8 years
2021: €64k▼ -12.1% vs 2020
2022: €48k▼ -25.5% vs 2021
2023: €-15k▼ -132% vs 2022
2024: €2k▲ +110% vs 2023
2025: €22k▲ +1362% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€129k▲ 7.9%€121k▼ 6.3%€131k▲ 8.3%€137k▲ 4.2%
2021: €120klowest in 5 years
2022: €129k▲ +7.9% vs 2021
2023: €121k▼ -6.3% vs 2022
2024: €131k▲ +8.3% vs 2023
2025: €137k▲ +4.2% vs 2024highest in 5 years
Operating result€-26k-€14k€-6k€15k€10k▼ 32.9%
2021: €-26klowest in 5 years
2022: €14k▲ +154% vs 2021
2023: €-6k▼ -146% vs 2022
2024: €15k▲ +335% vs 2023highest in 5 years
2025: €10k▼ -32.9% vs 2024
Net result€-38k-€9k€-8k€10k€5k▼ 45.7%
2021: €-38klowest in 5 years
2022: €9k▲ +125% vs 2021
2023: €-8k▼ -186% vs 2022
2024: €10k▲ +223% vs 2023highest in 5 years
2025: €5k▼ -45.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508k
Fixed assets
€434k ▼ 4.4%
Current assets
€74k ▲ 51.2%
Equity and liabilities €508k
Equity
€137k ▲ 4.2%
Debt
€371k ▼ 0.1%
Debt's share of the balance-sheet total falls from 73.9% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €35k
Cash flow
€26k▼
2024 · €30k
Current ratio
1.42▲
2024 · 1.03
Debt to equity
2.72▼
2024 · 2.83
ROE
4.0%▼
2024 · 7.7%
ROA
1.1%▼
2024 · 2.0%
Interest coverage
6.44▼
2024 · 7.17
Debt ≤ 1 year
€52k▲
2024 · €48k
Debt > 1 year
€314k▼
2024 · €319k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€503k€508k▲
Fixed assets21/28€454k€434k▼
Tangible fixed assets22/27€454k€434k▼
Land and buildings22€420k€409k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€1k€275▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€49k€74k▲
Amounts receivable within one year40/41€6k€6k▲
Trade receivables40€6k€6k▲
Other amounts receivable41€47€46▼
Cash at bank and in hand54/58€43k€68k▲
Equity and liabilities
Total equity and liabilities10/49€503k€508k▲
Equity10/15€131k€137k▲
Contributions10/11€37k€37k=
Reserves13€94k€100k▲
Distributable reserves133€94k€100k▲
Amounts payable17/49€372k€371k▼
Amounts payable after more than one year17€319k€314k▼
Financial debts170/4€210k€210k=
Trade debts175€109k€104k▼
Amounts payable within one year42/48€48k€52k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€39k€41k▲
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€41k€37k▼
Operating profit (loss)9901€15k€10k▼
Financial income75/76B€37€152▲
Recurring financial income75€37€152▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€10k€5k▼
Profit (loss) for the period9904€10k€5k▼
Profit (loss) for the period to be appropriated9905€10k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€5k▼
Profit (loss) brought forward from the previous period14P€-4k-
Transfer to equity691/2€6k€5k▼
To other reserves6921€6k€5k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €14k | €42k | €20k | €20k | ▲ 1.5% |
| Other operating charges640/8 | €6k | €6k | €6k | €7k | €7k | ▲ 3.1% |
| Gross operating margin9900 | €-478 | €34k | €42k | €41k | €37k | ▼ 10.6% |
| Operating profit (loss)9901 | €-26k | €14k | €-6k | €15k | €10k | ▼ 32.9% |
| Financial income75/76B | - | - | €147 | €37 | €152 | ▲ 315% |
| Recurring financial income75 | - | - | €147 | €37 | €152 | ▲ 315% |
| Financial charges65/66B | €9k | €10k | €2k | €5k | €5k | ▼ 3.3% |
| Recurring financial charges65 | €9k | €10k | €2k | €5k | €5k | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €-35k | €4k | €-8k | €10k | €5k | ▼ 45.7% |
| Income taxes67/77 | €3k | €-5k | - | - | - | - |
| Profit (loss) for the period9904 | €-38k | €9k | €-8k | €10k | €5k | ▼ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €-38k | €9k | €-8k | €10k | €5k | ▼ 45.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374k | €383k | €489k | €503k | €508k | ▲ 1.0% |
| Fixed assets21/28 | €289k | €296k | €461k | €454k | €434k | ▼ 4.4% |
| Tangible fixed assets22/27 | €289k | €296k | €461k | €454k | €434k | ▼ 4.4% |
| Land and buildings22 | €277k | €278k | €432k | €420k | €409k | ▼ 2.8% |
| Plant, machinery and equipment23 | €13k | €18k | €21k | €19k | €14k | ▼ 28.2% |
| Furniture and vehicles24 | - | - | €2k | €1k | €275 | ▼ 75.4% |
| Other tangible fixed assets26 | - | - | €6k | €13k | €11k | ▼ 15.3% |
| Current assets29/58 | €85k | €86k | €29k | €49k | €74k | ▲ 51.2% |
| Amounts receivable within one year40/41 | €2k | €7k | €44 | €6k | €6k | ▲ 3.1% |
| Trade receivables40 | €2k | €5k | - | €6k | €6k | ▲ 3.2% |
| Other amounts receivable41 | - | €2k | €44 | €47 | €46 | ▼ 2.5% |
| Current investments50/53 | €80k | €69k | €4k | - | - | - |
| Cash at bank and in hand54/58 | €3k | €11k | €25k | €43k | €68k | ▲ 57.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374k | €383k | €489k | €503k | €508k | ▲ 1.0% |
| Equity10/15 | €120k | €129k | €121k | €131k | €137k | ▲ 4.2% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Reserves13 | €83k | €92k | €88k | €94k | €100k | ▲ 5.8% |
| Non-distributable reserves130/1 | €4k | €4k | - | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | - | - | - | - |
| Distributable reserves133 | €79k | €88k | €88k | €94k | €100k | ▲ 5.8% |
| Profit (loss) carried forward14 | €124 | €124 | €-4k | - | - | - |
| Amounts payable17/49 | €254k | €253k | €368k | €372k | €371k | ▼ 0.1% |
| Amounts payable after more than one year17 | €210k | €210k | €324k | €319k | €314k | ▼ 1.6% |
| Financial debts170/4 | €210k | €210k | €210k | €210k | €210k | = |
| Trade debts175 | - | - | €114k | €109k | €104k | ▼ 4.7% |
| Amounts payable within one year42/48 | €21k | €39k | €44k | €48k | €52k | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €5k | €5k | ▲ 4.0% |
| Trade debts44 | €6k | €740 | €597 | - | €3k | - |
| Suppliers440/4 | €6k | €740 | €597 | - | €3k | - |
| Taxes, remuneration and social security45 | €450 | €2k | €3k | €3k | €3k | ▲ 0.7% |
| Taxes450/3 | €450 | €2k | €3k | €3k | €3k | ▲ 0.7% |
| Other amounts payable47/48 | €14k | €36k | €35k | €39k | €41k | ▲ 4.8% |
| Accrued charges and deferred income492/3 | €23k | €4k | - | €5k | €5k | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €9k | €-8k | €10k | €5k | ▼ 45.7% |
| + Depreciation and write-downs630 | €20k | €14k | €42k | €20k | €20k | ▲ 1.5% |
| Operating cash flow (approximation) | €-18k | €24k | €34k | €30k | €26k | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | €-21k | €-206k | €-13k | €0 | ▲ 100% |
| Change in cash | - | €7k | €14k | €18k | €25k | ▲ 36.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.12
Current ratio from 0.77 to 3.12; short-term debt falls from €111k to €34k.
31-12
Financial
Equity above €150kEq €158k ▲6.6%
3 profitable years in a row build equity to €158k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 1989
Ground area
1.8 ha
Building footprint
8,397 m²
Volume, LiDAR
49,370 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AVD - CONSTRUCT BVBA
since 19892.042.416.855
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0179/00P002 | Flanders | 1.3 ha | 1 · 8,222 m² | 8.1 m · 2 fl. |
| 45017A1651/00F000 | Flanders | 4,372 m² | 1 · 175 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
25110Manufacture of metal structures and parts of structures
46190Agents in non-specialised wholesale trade
63920Other information service activities
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.