AJ CONSTRUCT
ActiveSummary
AJ CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €-5k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-12
Solvency82▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.46 in 2024; short-term debt: 42.8% and cash: 6.1% of total assets), and 42.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 →
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
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
57.2%
Return on assets
-2.9%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
7 d late
2023
5 d early
2022
1 d early
2021
40 d early
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€713k
EBIT margin
6.9%
Net result
€-5k▲ 81.2%
2024 · €-25k
2019: €42k
2020: €12k
2021: €13k
2022: €13k
2023: €-21k
2024: €-25k
2019 → 2025
Working capital
€59k▲ 32.4%
2024 · €44k
2019: €151k
2020: €45k
2021: €61k
2022: €63k
2023: €57k
2024: €44k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€173k▲ 8.2%€152k▼ 12.1%€127k▼ 16.3%€92k▼ 27.3%
Operating result€21k-€22k▲ 0.7%€-18k€-22k▼ 19.3%€-5k▲ 79.5%
Net result€13k-€13k▲ 1.0%€-21k€-25k▼ 18.2%€-5k▲ 81.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €22k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€34k ▼ 62.1%
Current assets
€128k ▼ 9.6%
Equity and liabilities €162k
Equity
€92k ▼ 27.3%
Debt
€69k ▼ 32.9%
Debt's share of the balance-sheet total falls from 44.8% to 42.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €12k
Cash flow
€4k▼
2024 · €9k
Current ratio
1.85▲
2024 · 1.46
Debt to equity
0.75▼
2024 · 0.81
ROE
-5.0%▲
2024 · -19.4%
ROA
-2.9%▲
2024 · -10.7%
Interest coverage
3.23▼
2024 · 5.84
Debt ≤ 1 year
€69k▼
2024 · €97k
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€961▼
2024 · €1k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€230k€162k▼
Fixed assets21/28€89k€34k▼
Tangible fixed assets22/27€84k€29k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€766€123▼
Leasing and similar rights25€46k€0▼
Other tangible fixed assets26€38k€29k▼
Financial fixed assets28€4k€4k=
Current assets29/58€141k€128k▼
Stocks and contracts in progress3€1k€0▼
Stocks30/36€1k€0▼
Amounts receivable within one year40/41€135k€116k▼
Trade receivables40€96k€77k▼
Other amounts receivable41€39k€39k▲
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€230k€162k▼
Equity10/15€127k€92k▼
Contributions10/11€13k€13k=
Outside capital11€13k€13k=
Other1109/19€13k€13k=
Reserves13€30k€0▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€30k€0▼
Profit (loss) carried forward14€84k€79k▼
Amounts payable17/49€103k€69k▼
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€97k€69k▼
Current portion of amounts payable after more than one year42€35k€0▼
Trade debts44€48k€21k▼
Suppliers440/4€48k€21k▼
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€8k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€5k€28k▲
Accrued charges and deferred income492/3€301€0▼
Income statement
Code20242025
Non-recurring operating income76A€782€364▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€9k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€2k€10k▲
Gross operating margin9900€16k€17k▲
Operating profit (loss)9901€-22k€-5k▲
Financial income75/76B€371€2k▲
Recurring financial income75€371€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-24k€-4k▲
Income taxes67/77€1k€961▼
Profit (loss) for the period9904€-25k€-5k▲
Profit (loss) for the period to be appropriated9905€-25k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€79k▼
Profit (loss) brought forward from the previous period14P€108k€84k▼
Transfer from equity791/2-€30k
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (10 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-06
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Equity above €150kEq €159k ▲8.8%
3 profitable years in a row build equity to €159k.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 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, Walhain · 1 establishment unit since 2005
Ground area
3,721 m²
Building footprint
369 m²
Volume, LiDAR
2,400 m³
Parcel 25071A0009/00B000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AJ CONSTRUCT
since 20052.146.120.743
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071A0009/00B000 | Wallonia | 3,721 m² | 1 · 369 m² | 8.8 m · 2 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
HYDROSOL
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KEULEN RAF BETONWERKEN
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Spoidenne construct
BE 1016.842.288
Vorst · Eq €92,254
BOUWDEM
BE 0631.781.982
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2005
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.