ALDEA CONSTRUCT
ActiveSummary
ALDEA CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.18M and a net result of €-316k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
52
/ 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
Profitability8▼-23
Solvency44▼-1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.27 against 11.61 in 2024; short-term debt: 13.8% and cash: 3.3% of total assets), but 81.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
18.8%
Return on assets
-5%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
43 d early
2023
34 d early
2022
40 d early
2021
26 d early
2020
33 d early
2019
36 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€347k▼ 28.2%
2024 · €482k
2019: €3.28M
2020: €22.46M
2021: €4.85M
2022: €18.34M
2023: €17.24M
2024: €482k
2019 → 2025
EBIT margin
-93.9%▼ 100.6pp
2024 · 6.7%
2019: -6.9%
2020: 3.1%
2021: -11.5%
2022: 6.2%
2023: 1.3%
2024: 6.7%
2019 → 2025
Net result
€-316k
2024 · €77k
2018: €-639k
2019: €-1.72M
2020: €-314k
2021: €-960k
2022: €781k
2023: €178k
2024: €77k
2018 → 2025
Working capital
€5.44M▼ 13.0%
2024 · €6.25M
2018: €22.16M
2019: €13.98M
2020: €16.71M
2021: €11.01M
2022: €8.93M
2023: €7.12M
2024: €6.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.85M-€18.34M▲ 278%€17.24M▼ 6.0%€482k▼ 97.2%€347k▼ 28.2%
Equity€464k-€1.24M▲ 168%€1.42M▲ 14.3%€1.50M▲ 5.4%€1.18M▼ 21.1%
Operating result€-560k-€1.15M€224k▼ 80.4%€32k▼ 85.6%€-325k
Net result€-960k-€781k€178k▼ 77.1%€77k▼ 56.8%€-316k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €325k after €32k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.30M
Fixed assets
€2k ▼ 99.6%
Current assets
€6.30M ▼ 7.8%
Equity and liabilities €6.30M
Equity
€1.18M ▼ 21.1%
Debt
€5.12M ▼ 12.6%
Debt's share of the balance-sheet total rises from 79.6% to 81.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-324k▼
2024 · €35k
Cash flow
€-315k▼
2024 · €79k
Current ratio
7.27▼
2024 · 11.61
Quick ratio
0.39▼
2024 · 1.29
Debt to equity
4.33▲
2024 · 3.90
ROE
-26.7%▼
2024 · 5.1%
ROA
-5.0%▼
2024 · 1.0%
Interest coverage
-2.53▼
2024 · 0.26
Debt ≤ 1 year
€867k▲
2024 · €589k
Debt > 1 year
€4.25M▼
2024 · €4.59M
Income taxes
€0▼
2024 · €28
Staff costs
€0▼
2024 · €25k
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 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.36M€6.30M▼
Fixed assets21/28€523k€2k▼
Intangible fixed assets21€81€0▼
Tangible fixed assets22/27€2k€629▼
Furniture and vehicles24€2k€629▼
Financial fixed assets28€521k€2k▼
Affiliated companies280/1€520k€0▼
Amounts receivable281€520k€0▼
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€6.83M€6.30M▼
Stocks and contracts in progress3€6.08M€5.97M▼
Stocks30/36€6.08M€5.97M▼
Property held for sale35€6.08M€5.97M▼
Amounts receivable within one year40/41€270k€115k▼
Trade receivables40€235k€113k▼
Other amounts receivable41€36k€2k▼
Cash at bank and in hand54/58€439k€205k▼
Deferred charges and accrued income490/1€48k€16k▼
Equity and liabilities
Total equity and liabilities10/49€7.36M€6.30M▼
Equity10/15€1.50M€1.18M▼
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Profit (loss) carried forward14€-3.50M€-3.82M▼
Amounts payable17/49€5.86M€5.12M▼
Amounts payable after more than one year17€4.59M€4.25M▼
Financial debts170/4€4.59M€4.25M▼
Credit institutions173€4.59M€4.24M▼
Other loans174-€4k
Amounts payable within one year42/48€589k€867k▲
Current portion of amounts payable after more than one year42€339k€348k▲
Trade debts44€249k€519k▲
Suppliers440/4€249k€519k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Remuneration and social security454/9€0-
Other amounts payable47/48€120€120=
Accrued charges and deferred income492/3€678k€8k▼
Income statement
Code20242025
Operating income70/76A€633k€301k▼
Turnover70€482k€347k▼
Change in stocks of work in progress, finished goods and contracts in progress71€-379k€-52k▲
Other operating income74€529k€7k▼
Non-recurring operating income76A€0-
Operating charges60/66A€601k€626k▲
Goods for resale, raw materials and consumables60€49k€157k▲
Purchases600/8€49k€157k▲
Services and other goods61€364k€404k▲
Remuneration, social security and pensions62€25k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€957▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€149k€58k▼
Other operating charges640/8€12k€8k▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€32k€-325k▼
Financial income75/76B€179k€139k▼
Recurring financial income75€179k€139k▼
Income from financial fixed assets750-€16k
Income from current assets751€46k€0▼
Other financial income752/9€133k€123k▼
Financial charges65/66B€134k€130k▼
Recurring financial charges65€134k€130k▼
Debt charges650€132k€128k▼
Other financial charges652/9€2k€2k▼
Profit (loss) for the period before taxes9903€77k€-316k▼
Income taxes67/77€28€0▼
Taxes670/3€28€0▼
Profit (loss) for the period9904€77k€-316k▼
Profit (loss) for the period to be appropriated9905€77k€-316k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.50M€-3.82M▼
Profit (loss) brought forward from the previous period14P€-3.58M€-3.50M▲
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (60 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 5current ratio 7.63
Current ratio from 1.63 to 7.63; short-term debt falls from €14.22M to €1.07M.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €781k
Net result €781k after 4 loss-making years.
31-12
Financial
Equity above €1MEq €1.24M ▲168%
Equity rises from €464k to €1.24M.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-1.72M
Net result drops to €-1.72M, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
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.
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, Merelbeke-Melle · 1 establishment unit since 2015
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.
Guldensporenpark 1179820 Merelbeke-MelleGround area
3,359 m²
Building footprint
1,196 m²
Volume, LiDAR
24,027 m³
Parcel 44043A0411/00F002, Flanders · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Guldensporenpark 117, 9820 Merelbeke
since 20152.280.428.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0411/00F002 | Flanders | 3,359 m² | 1 · 1,196 m² | 23.3 m · 7 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
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ET IMMO
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F-IMMO
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Oudergem · Eq €1,185,449
VANCO
BE 0437.045.475
Knokke-Heist · Eq €1,181,809
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,109 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 formPublic limited company
Founded04-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
66300Activities auxiliary to financial services and insurance activities
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.