AK-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of AK-CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-9k. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-19
Growth38=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.9 in 2024; short-term debt: 245.5% and cash: 19.6% of total assets), and equity is negative.
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 · 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
-145.5%
Return on assets
-124.3%
Age of the figures
12 mo
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 →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
32 d late
2023
33 d early
2022
2 d early
2021
2 d late
2020
on the day
2019
9 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€14k▲ 100%
2024 · €7k
2018: €42k
2019: €52k▲ +24.3% vs 2018highest in 8 years
2020: €43k▼ -17.1% vs 2019
2021: €35k▼ -17.4% vs 2020
2022: €4k▼ -87.5% vs 2021lowest in 8 years
2023: €17k▲ +285% vs 2022
2024: €7k▼ -58.8% vs 2023
2025: €14k▲ +100% vs 2024
2018 → 2025
EBIT margin
-65.3%▲ 12.8pp
2024 · -78.1%
2018: -32.9%
2019: -9.0%▲ +72.7% vs 2018
2020: 1.0%▲ +111% vs 2019
2021: 20.7%▲ +2013% vs 2020highest in 8 years
2022: -312.1%▼ -1611% vs 2021lowest in 8 years
2023: -127.9%▲ +59.0% vs 2022
2024: -78.1%▲ +38.9% vs 2023
2025: -65.3%▲ +16.4% vs 2024
2018 → 2025
Net result
€-9k▼ 66.6%
2024 · €-6k
2018: €-15k
2019: €-5k▲ +66.6% vs 2018
2020: €135▲ +103% vs 2019
2021: €7k▲ +5244% vs 2020highest in 8 years
2022: €-14k▼ -291% vs 2021
2023: €-22k▼ -57.8% vs 2022lowest in 8 years
2024: €-6k▲ +74.7% vs 2023
2025: €-9k▼ -66.6% vs 2024
2018 → 2025
Working capital
€-11k▼ 313%
2024 · €-3k
2018: €33k
2019: €41k▲ +23.6% vs 2018
2020: €108k▲ +162% vs 2019highest in 8 years
2021: €39k▼ -63.5% vs 2020
2022: €26k▼ -35.1% vs 2021
2023: €4k▼ -85.3% vs 2022
2024: €-3k▼ -173% vs 2023
2025: €-11k▼ -313% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€35k-€4k▼ 87.5%€17k▲ 285%€7k▼ 58.8%€14k▲ 100%
2021: €35khighest in 5 years
2022: €4k▼ -87.5% vs 2021lowest in 5 years
2023: €17k▲ +285% vs 2022
2024: €7k▼ -58.8% vs 2023
2025: €14k▲ +100% vs 2024
Equity€40k-€26k▼ 34.9%€4k▼ 84.7%€-2k€-11k▼ 586%
2021: €40khighest in 5 years
2022: €26k▼ -34.9% vs 2021
2023: €4k▼ -84.7% vs 2022
2024: €-2k▼ -140% vs 2023
2025: €-11k▼ -586% vs 2024lowest in 5 years
Operating result€7k-€-14k€-22k▼ 57.9%€-5k▲ 74.8%€-9k▼ 67.2%
2021: €7khighest in 5 years
2022: €-14k▼ -288% vs 2021
2023: €-22k▼ -57.9% vs 2022lowest in 5 years
2024: €-5k▲ +74.8% vs 2023
2025: €-9k▼ -67.2% vs 2024
Net result€7k-€-14k€-22k▼ 57.8%€-6k▲ 74.7%€-9k▼ 66.6%
2021: €7khighest in 5 years
2022: €-14k▼ -291% vs 2021
2023: €-22k▼ -57.8% vs 2022lowest in 5 years
2024: €-6k▲ +74.7% vs 2023
2025: €-9k▼ -66.6% 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 stays negative: a loss of €9k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€611 ▼ 48.5%
Current assets
€7k ▼ 71.7%
Key figures and ratios
EBITDA
€-9k▼
2024 · €-5k
Cash flow
€-9k▼
2024 · €-5k
Solvency
-145.5%▼
2024 · -6.2%
Current ratio
0.37▼
2024 · 0.90
Debt to equity
-1.69▲
2024 · -17.01
ROA
-124.3%▼
2024 · -22.0%
Interest coverage
-194.74▼
2024 · -118.24
Debt
€18k▼
2024 · €27k
Debt ≤ 1 year
€18k▼
2024 · €27k
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€25k€7k▼
Fixed assets21/28€1k€611▼
Tangible fixed assets22/27€991€611▼
Furniture and vehicles24€991€611▼
Financial fixed assets28€195-
Current assets29/58€24k€7k▼
Amounts receivable within one year40/41€20k€4k▼
Other amounts receivable41€20k€4k▼
Cash at bank and in hand54/58€4k€1k▼
Deferred charges and accrued income490/1-€843
Equity and liabilities
Total equity and liabilities10/49€25k€7k▼
Equity10/15€-2k€-11k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-22k€-31k▼
Amounts payable17/49€27k€18k▼
Amounts payable within one year42/48€27k€18k▼
Trade debts44€458€207▼
Suppliers440/4€458€207▼
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€14k€9k▼
Other amounts payable47/48€12k€9k▼
Income statement
Code20242025
Turnover70€7k€14k▲
Goods, raw materials, services and sundry goods60/61€11k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149€380▲
Other operating charges640/8€942€404▼
Gross operating margin9900€-4k€-8k▼
Operating profit (loss)9901€-5k€-9k▼
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-6k€-9k▼
Profit (loss) for the period9904€-6k€-9k▼
Profit (loss) for the period to be appropriated9905€-6k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-31k▼
Profit (loss) brought forward from the previous period14P€-17k€-22k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €35k | €4k | €17k | €7k | €14k | ▲ 100% |
| Non-recurring operating income76A | €15k | - | €2k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €41k | €18k | €40k | €11k | €22k | ▲ 96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €476 | - | - | €149 | €380 | ▲ 155% |
| Other operating charges640/8 | €2k | - | €947 | €942 | €404 | ▼ 57.2% |
| Non-recurring operating charges66A | - | - | €45 | - | - | - |
| Gross operating margin9900 | €9k | €-14k | €-21k | €-4k | €-8k | ▼ 90.9% |
| Operating profit (loss)9901 | €7k | €-14k | €-22k | €-5k | €-9k | ▼ 67.2% |
| Financial income75/76B | €1 | - | - | - | - | - |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | €86 | €45 | €47 | €45 | €45 | = |
| Recurring financial charges65 | €86 | €45 | €47 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €7k | €-14k | €-22k | €-6k | €-9k | ▼ 66.6% |
| Profit (loss) for the period9904 | €7k | €-14k | €-22k | €-6k | €-9k | ▼ 66.6% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-14k | €-22k | €-6k | €-9k | ▼ 66.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €47k | €27k | €25k | €7k | ▼ 70.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €195 | €195 | €195 | €1k | €611 | ▼ 48.5% |
| Tangible fixed assets22/27 | €0 | - | - | €991 | €611 | ▼ 38.3% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €991 | €611 | ▼ 38.3% |
| Financial fixed assets28 | €195 | €195 | €195 | €195 | - | - |
| Current assets29/58 | €52k | €46k | €27k | €24k | €7k | ▼ 71.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €46k | €46k | €20k | €20k | €4k | ▼ 77.5% |
| Trade receivables40 | - | €10k | - | - | - | - |
| Other amounts receivable41 | €46k | €36k | €20k | €20k | €4k | ▼ 77.5% |
| Cash at bank and in hand54/58 | €7k | €701 | €6k | €4k | €1k | ▼ 63.6% |
| Deferred charges and accrued income490/1 | - | - | €893 | - | €843 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €47k | €27k | €25k | €7k | ▼ 70.6% |
| Equity10/15 | €40k | €26k | €4k | €-2k | €-11k | ▼ 586% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | - | - |
| Issued capital100 | €19k | €19k | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €19k | €5k | €-17k | €-22k | €-31k | ▼ 41.7% |
| Amounts payable17/49 | €13k | €21k | €23k | €27k | €18k | ▼ 32.0% |
| Amounts payable within one year42/48 | €13k | €21k | €23k | €27k | €18k | ▼ 32.0% |
| Trade debts44 | €649 | - | €1k | €458 | €207 | ▼ 54.9% |
| Suppliers440/4 | €649 | - | €1k | €458 | €207 | ▼ 54.9% |
| Taxes, remuneration and social security45 | €12k | €12k | €13k | €14k | €9k | ▼ 38.7% |
| Taxes450/3 | €12k | €12k | €13k | €14k | €9k | ▼ 38.7% |
| Other amounts payable47/48 | - | €8k | €8k | €12k | €9k | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-14k | €-22k | €-6k | €-9k | ▼ 66.6% |
| + Depreciation and write-downs630 | €476 | - | - | €149 | €380 | ▲ 155% |
| Operating cash flow (approximation) | €8k | €-14k | €-22k | €-5k | €-9k | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | €195 | ▲ 117% |
| Change in cash | - | €-6k | €5k | €-2k | €-3k | ▼ 63.7% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Highest result since 2018net €7k ▲5,244%
Operating result €7k, net result €7k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €135
Net result €135 after 2 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 6.17
Current ratio from 1.78 to 6.17; short-term debt falls from €53k to €21k.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Charleroi · 1 establishment unit since 2011
Ground area
1,038 m²
Building footprint
160 m²
Volume, LiDAR
1,958 m³
2 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Déportés 62, 6031 Charleroi
since 20112.203.851.381
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52047B0135/00R004 | Wallonia | 551 m² | 1 · 160 m² | 14.3 m · 4 fl. |
| 52047B0135/00S004 | Wallonia | 487 m² | - | - |
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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 2,318 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
Founded14-10-2011
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
43230Insulation installation
43331Floor and wall tiling
71113Urban planning and landscape architecture
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.