Debts
€82,115 77% of the balance sheet
Suppliers 6%Taxes and wages 7%Other 87%
4Z CONSTRUCT
Lifetime
10 annual accounts with figures on one time axispeak €62,321 (2019)
€5,909▼ 76.5%
lowest -€46,340 (2020)
€4,925▼ 79.4%
peak €32,891 (2019)
€24,891▲ 24.7%
€82,115▲ 34.0%
Board1 name since 2016
1 directorZLOTAR Vasile
Documentsfilings and deeds
31-10-2026on the last day
2026micro format
Turnover from €68,760 to €54,147Gross margin from €25,113 to €5,909Result from €23,965 to €4,925Equity from €19,966 to €24,891Debts from €61,277 to €82,115
Key points
from the 2026 annual accountsPayment terms
38 days to suppliers
4Z CONSTRUCT pays its suppliers 32 days later than in 2025. Customers pay 263 days later.
Filings
10 annual accounts 3 late
The 2020 accounts came latest: 13 days after the end of the period.
Checked score
65
Healthy
Financially stronger than 25% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.8%
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 2.8%● unchanged vs 03-2025
05-2025: 2.8%● unchanged vs 04-2025
06-2025: 2.8%● unchanged vs 05-2025
07-2025: 2.8%● unchanged vs 06-2025
08-2025: 2.8%● unchanged vs 07-2025
09-2025: 2.7%▼ -0.1 percentage points vs 08-2025
10-2025: 2.9%▲ +0.2 percentage points vs 09-2025
11-2025: 3.3%▲ +0.4 percentage points vs 10-2025highest value
12-2025: 1.6%▼ -1.7 percentage points vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▼ -0.3 percentage points vs 07-2026
09-2026: 1.3%▼ -0.1 percentage points vs 08-2026
10-2026: 1.9%▲ +0.6 percentage points vs 09-2026
11-2026: 0.9%▼ -1.0 percentage point vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.30, cash €1,855
Profit of €4,925 (financial year 2026)
lowers risk
Founded in 2016
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 25% of them on solvency, 6% on liquidity, 23% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as 4Z CONSTRUCT has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 4Z CONSTRUCT itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for 4Z CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (1.33 in 2025), below the usual 1.5. Short-term debt is 76.7% and cash 1.7% of total assets. 76.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1074 sector peers (2026).
NBB · sector comparisonPosition among 1074 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 31-10-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
on the day
2025
11 days late
2024
35 days early
2023
39 days early
2022
3 days late
2021
3 days early
2020
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Incorporation
published on 12-02-2016 · Gazette deed
First establishment
Jean Van Volsemstraat 1, Ixelles
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as 4Z CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €81,100 and €161,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 10-02-2016Normal situation
- Activity
- Site preparationNACE 43120and 5 others
- Establishment unit
- 2.250.260.8341050 Ixelles, since 10-02-2016
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- €107,007▲ 31.7%
- Filing
- Filed on 31-10-2026, on the last day of the filing period
Insights on 4Z CONSTRUCT
4Z CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €35,726 in 2017 to €5,909 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about 4Z CONSTRUCT
- What is the company number of 4Z CONSTRUCT?
- The company number of 4Z CONSTRUCT is 0647.990.187. The VAT number is the same number with BE in front: BE 0647.990.187.
- Where is 4Z CONSTRUCT based?
- The registered office is at Jean Van Volsemstraat 1, 1050 Ixelles.Company details
- What does 4Z CONSTRUCT do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of 4Z CONSTRUCT?
- 4Z CONSTRUCT is a private limited company (pre-2019) (BVBA).
- When was 4Z CONSTRUCT founded?
- 4Z CONSTRUCT was founded on 10-02-2016.
- Is 4Z CONSTRUCT still active?
- Yes, 4Z CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of 4Z CONSTRUCT?
- The turnover of 4Z CONSTRUCT was €54,147 in financial year 2026, according to the filed annual accounts.Financials
- Is 4Z CONSTRUCT profitable?
- In financial year 2026, 4Z CONSTRUCT made a profit of €4,925.
- Where can I find the annual accounts of 4Z CONSTRUCT?
- 4Z CONSTRUCT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of 4Z CONSTRUCT due?
- 4Z CONSTRUCT must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.