ACAD CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of ACAD CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €23k and a net result of €3k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 27676 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-11
Solvency58▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.8 in 2024; short-term debt: 57.1% and cash: 11.1% of total assets), and 66.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
33.4%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 · 7 filingsDeviation from the deadline
2025
45 d late
2024
52 d late
2023
29 d late
2022
32 d early
2021
38 d late
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 12.8%
2024 · €20k
2019: €17k
2020: €31k
2021: €34k
2022: €40k
2023: €13k
2024: €20k
2019 → 2025
Total assets
€67k▲ 19.7%
2024 · €56k
2019: €44k
2020: €48k
2021: €49k
2022: €86k
2023: €61k
2024: €56k
2019 → 2025
Net result
€3k▼ 63.0%
2024 · €7k
2019: €17k
2020: €15k
2021: €3k
2022: €6k
2023: €-27k
2024: €7k
2019 → 2025
Working capital
€19k▲ 3.1%
2024 · €18k
2019: €6k
2020: €21k
2021: €31k
2022: €42k
2023: €13k
2024: €18k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€40k▲ 16.2%€13k▼ 67.4%€20k▲ 53.0%€23k▲ 12.8%
Operating result€4k-€8k▲ 78.9%€-25k€8k€4k▼ 56.0%
Net result€3k-€6k▲ 71.1%€-27k€7k€3k▼ 63.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€10k▼ 34.0%
Current assets
€57k▲ 40.6%
Equity and liabilities €67k
Equity
€23k▲ 12.8%
Debt
€45k▲ 23.4%
The debt ratio rises from 64.5% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €14k
Cash flow
€8k▼
2024 · €13k
Solvency
33.4%▼
2024 · 35.5%
Current ratio
1.48▼
2024 · 1.80
Quick ratio
1.48▼
2024 · 1.80
Debt / equity
1.99▲
2024 · 1.82
ROE
11.4%▼
2024 · 34.6%
ROA
3.8%▼
2024 · 12.3%
Interest coverage
9.10▼
2024 · 11.01
Debt
€45k▲
2024 · €36k
Debt ≤ 1 year
€38k▲
2024 · €23k
Debt > 1 year
€6k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€67k▲
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€16k€10k▼
Plant, machinery and equipment23€478€477▼
Furniture and vehicles24€15k€10k▼
Financial fixed assets28€150€150=
Current assets29/58€40k€57k▲
Amounts receivable within one year40/41€35k€47k▲
Trade receivables40€34k€47k▲
Other amounts receivable41€2k€524▼
Cash at bank and in hand54/58€3k€7k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€56k€67k▲
Equity10/15€20k€23k▲
Contributions10/11€1€1=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€16k€18k▲
Amounts payable17/49€36k€45k▲
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€23k€38k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€9k€29k▲
Suppliers440/4€9k€29k▲
Taxes, remuneration and social security45€5k-
Taxes450/3€1k-
Remuneration and social security454/9€4k-
Other amounts payable47/48€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€904€1k▲
Gross operating margin9900€15k€11k▼
Operating profit (loss)9901€8k€4k▼
Financial income75/76B€63€0▼
Recurring financial income75€63€0▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€7k€3k▼
Profit (loss) for the period9904€7k€3k▼
Profit (loss) for the period to be appropriated9905€7k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€18k▲
Profit (loss) brought forward from the previous period14P€9k€16k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-27k ▼584%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Victor en Jules Bertauxlaan 441070 AnderlechtGround area
111 m²
Building footprint
71 m²
Volume, LiDAR
730 m³
Parcel 21308H0466/00C002, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BE-ACAD
since 20182.276.519.328
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0466/00C002 | Brussels | 111 m² | 1 · 71 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
E&G Projects
BE 0771.738.730
Lochristi · Eq €22k
ETS DECOT
BE 1002.534.689
Sint-Genesius-Rode · Eq €22k
AYDEBO
BE 0733.729.972
Heusden-Zolder · Eq €22k
PEDRO POLLEY
BE 0535.949.348
Poperinge · Eq €22k
PDR Construct
BE 0800.426.182
Halle · Eq €23k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,357 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-2018
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.