A9 CONSTRUCT
ActiveSummary
A9 CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €1k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+17
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.86 in 2024; short-term debt: 110.7% and cash: 3.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-35.5%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
28 d late
2022
18 d early
2021
18 d late
2020
26 d late
2019
25 d early
← 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
€-39k▲ 2.6%
2024 · €-40k
2018: €-47klowest in 8 years
2019: €-17k▲ +62.8% vs 2018
2020: €-9k▲ +47.1% vs 2019
2021: €-16k▼ -76.5% vs 2020
2022: €2k▲ +114% vs 2021highest in 8 years
2023: €-34k▼ -1588% vs 2022
2024: €-40k▼ -18.0% vs 2023
2025: €-39k▲ +2.6% vs 2024
2018 → 2025
Total assets
€109k▼ 6.1%
2024 · €116k
2018: €146k
2019: €151k▲ +3.2% vs 2018
2020: €166k▲ +10.3% vs 2019highest in 8 years
2021: €161k▼ -3.0% vs 2020
2022: €127k▼ -21.1% vs 2021
2023: €48k▼ -62.1% vs 2022lowest in 8 years
2024: €116k▲ +141% vs 2023
2025: €109k▼ -6.1% vs 2024
2018 → 2025
Net result
€1k
2024 · €-6k
2018: €47
2019: €29k▲ +62277% vs 2018highest in 8 years
2020: €8k▼ -72.1% vs 2019
2021: €-7k▼ -186% vs 2020
2022: €18k▲ +363% vs 2021
2023: €-36k▼ -295% vs 2022lowest in 8 years
2024: €-6k▲ +83.1% vs 2023
2025: €1k▲ +117% vs 2024
2018 → 2025
Working capital
€-14k▲ 23.4%
2024 · €-18k
2018: €20k
2019: €37k▲ +86.3% vs 2018
2020: €48k▲ +29.7% vs 2019highest in 8 years
2021: €41k▼ -14.6% vs 2020
2022: €45k▲ +9.5% vs 2021
2023: €-15k▼ -134% vs 2022
2024: €-18k▼ -18.6% vs 2023lowest in 8 years
2025: €-14k▲ +23.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€2k€-34k€-40k▼ 18.0%€-39k▲ 2.6%
2021: €-16k
2022: €2k▲ +114% vs 2021highest in 5 years
2023: €-34k▼ -1588% vs 2022
2024: €-40k▼ -18.0% vs 2023lowest in 5 years
2025: €-39k▲ +2.6% vs 2024
Operating result€-2k-€22k€-33k€-1k▲ 96.0%€2k
2021: €-2k
2022: €22k▲ +1182% vs 2021highest in 5 years
2023: €-33k▼ -250% vs 2022lowest in 5 years
2024: €-1k▲ +96.0% vs 2023
2025: €2k▲ +241% vs 2024
Net result€-7k-€18k€-36k€-6k▲ 83.1%€1k
2021: €-7k
2022: €18k▲ +363% vs 2021highest in 5 years
2023: €-36k▼ -295% vs 2022lowest in 5 years
2024: €-6k▲ +83.1% vs 2023
2025: €1k▲ +117% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€2k ▼ 58.2%
Current assets
€107k ▼ 3.5%
Key figures and ratios
EBITDA
€5k▲
2024 · €2k
Cash flow
€4k▲
2024 · €-3k
Solvency
-35.5%▼
2024 · -34.2%
Current ratio
0.88▲
2024 · 0.86
Debt to equity
-3.82▲
2024 · -3.92
ROA
1.0%▲
2024 · -5.2%
Interest coverage
4.42▲
2024 · 3.29
Debt
€148k▼
2024 · €156k
Debt ≤ 1 year
€121k▼
2024 · €129k
Debt > 1 year
€27k=
2024 · €27k
Income taxes
€187▼
2024 · €366
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€116k€109k▼
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Furniture and vehicles24€6k€2k▼
Current assets29/58€111k€107k▼
Amounts receivable within one year40/41€109k€101k▼
Trade receivables40€28k€24k▼
Other amounts receivable41€81k€78k▼
Cash at bank and in hand54/58€8€4k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€116k€109k▼
Equity10/15€-40k€-39k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-58k€-57k▲
Amounts payable17/49€156k€148k▼
Amounts payable after more than one year17€27k€27k=
Financial debts170/4€27k€27k=
Amounts payable within one year42/48€129k€121k▼
Financial debts43€746-
Credit institutions430/8€746-
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Taxes, remuneration and social security45€554€540▼
Taxes450/3€554€540▼
Other amounts payable47/48€110k€118k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€431€4k▲
Gross operating margin9900€2k€9k▲
Operating profit (loss)9901€-1k€2k▲
Financial income75/76B€461€500▲
Recurring financial income75€461€500▲
Financial charges65/66B€5k€1k▼
Recurring financial charges65€568€1k▲
Non-recurring financial charges66B€4k-
Profit (loss) for the period before taxes9903€-6k€1k▲
Income taxes67/77€366€187▼
Profit (loss) for the period9904€-6k€1k▲
Profit (loss) for the period to be appropriated9905€-6k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-57k▲
Profit (loss) brought forward from the previous period14P€-52k€-58k▼
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 | €42 | - | €909 | €3k | €3k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €105k | - | - | - | - |
| Other operating charges640/8 | €3k | €449 | €665 | €431 | €4k | ▲ 889% |
| Gross operating margin9900 | €1k | €128k | €-32k | €2k | €9k | ▲ 308% |
| Operating profit (loss)9901 | €-2k | €22k | €-33k | €-1k | €2k | ▲ 241% |
| Financial income75/76B | - | - | €446 | €461 | €500 | ▲ 8.4% |
| Recurring financial income75 | - | - | €446 | €461 | €500 | ▲ 8.4% |
| Financial charges65/66B | €5k | €3k | €3k | €5k | €1k | ▼ 76.0% |
| Recurring financial charges65 | €5k | €3k | €3k | €568 | €1k | ▲ 104% |
| Non-recurring financial charges66B | - | - | - | €4k | - | - |
| Profit (loss) for the period before taxes9903 | €-7k | €19k | €-36k | €-6k | €1k | ▲ 122% |
| Income taxes67/77 | €430 | €439 | €188 | €366 | €187 | ▼ 49.0% |
| Profit (loss) for the period9904 | €-7k | €18k | €-36k | €-6k | €1k | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €18k | €-36k | €-6k | €1k | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €127k | €48k | €116k | €109k | ▼ 6.1% |
| Fixed assets21/28 | - | - | €9k | €6k | €2k | ▼ 58.2% |
| Tangible fixed assets22/27 | - | - | €9k | €6k | €2k | ▼ 58.2% |
| Furniture and vehicles24 | - | - | €9k | €6k | €2k | ▼ 58.2% |
| Current assets29/58 | €161k | €127k | €40k | €111k | €107k | ▼ 3.5% |
| Amounts receivable within one year40/41 | €152k | €123k | €38k | €109k | €101k | ▼ 7.2% |
| Trade receivables40 | €109k | €39k | €21k | €28k | €24k | ▼ 14.6% |
| Other amounts receivable41 | €43k | €84k | €17k | €81k | €78k | ▼ 4.6% |
| Cash at bank and in hand54/58 | €9k | €5k | €5 | €8 | €4k | ▲ 48,624% |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | €2k | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €127k | €48k | €116k | €109k | ▼ 6.1% |
| Equity10/15 | €-16k | €2k | €-34k | €-40k | €-39k | ▲ 2.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Profit (loss) carried forward14 | €-35k | €-16k | €-52k | €-58k | €-57k | ▲ 1.8% |
| Amounts payable17/49 | €178k | €125k | €82k | €156k | €148k | ▼ 5.2% |
| Amounts payable after more than one year17 | €57k | €43k | €27k | €27k | €27k | = |
| Financial debts170/4 | €57k | €43k | €27k | €27k | €27k | = |
| Amounts payable within one year42/48 | €120k | €83k | €55k | €129k | €121k | ▼ 6.3% |
| Financial debts43 | - | - | - | €746 | - | - |
| Credit institutions430/8 | - | - | - | €746 | - | - |
| Trade debts44 | €4k | €10k | €32k | €18k | €3k | ▼ 85.9% |
| Suppliers440/4 | €4k | €10k | €32k | €18k | €3k | ▼ 85.9% |
| Taxes, remuneration and social security45 | €1k | €3k | €627 | €554 | €540 | ▼ 2.5% |
| Taxes450/3 | €1k | €3k | €627 | €554 | €540 | ▼ 2.5% |
| Other amounts payable47/48 | €115k | €70k | €23k | €110k | €118k | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €18k | €-36k | €-6k | €1k | ▲ 117% |
| + Depreciation and write-downs630 | €42 | - | €909 | €3k | €3k | = |
| Operating cash flow (approximation) | €-7k | €18k | €-35k | €-3k | €4k | ▲ 249% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €-4k | €-5k | €3 | €4k | ▲ 122,699% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €29k ▲62,277%
Operating result €34k, net result €29k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 1 establishment unit since 2015
Ground area
4,210 m²
Building footprint
511 m²
Volume, LiDAR
9,868 m³
2 parcels, Flanders · tallest building 40.9 m, ±12 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Schupstraat 62, 2018 Antwerpen
since 20152.243.953.854
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1176/00Y017 | Flanders | 3,380 m² | 1 · 432 m² | 36.2 m · 2 fl. |
| 11808H1179/00B021 | Flanders | 829 m² | 1 · 79 m² | 40.9 m · 12 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 1,652 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
Founded11-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
42110Construction of roads and motorways
43331Floor and wall tiling
43343Specialised construction activities
43350Other building finishing work
43410Roofing work
43422Screed work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.