Turnover
≈ €100,000 estimated
The micro format states no turnover.
C.S.N CONSTRUCT
Overview
Lifetime
1 annual account with figurespeak €8,486 (2025)
€8,486
peak €1,047 (2025)
€1,047
peak €3,547 (2025)
€3,547
€29,107
Board1 name since 2025
1 directorCHIRILOAIE Sergiu
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Incorporation 14-011 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€29,107 89% of the balance sheet
Suppliers 73%Taxes and wages 5%Other 21%
Position in the sector
€3,547
Less equity than 85% of companies in construction of buildings. Sector median €45,544 · 9,459 companies.
2025 accounts filed 18 days after the deadline
Checked score
53
Fair
Financially stronger than 40% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 3.6%
03-2026: 3.7%▲ +0.1 percentage points vs 02-2026
04-2026: 3.8%▲ +0.1 percentage points vs 03-2026
05-2026: 4.2%▲ +0.4 percentage points vs 04-2026
06-2026: 4.2%● unchanged vs 05-2026
07-2026: 4.6%▲ +0.4 percentage points vs 06-2026
08-2026: 5.0%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 2.0%▼ -3.0 percentage points vs 08-2026
10-2026: 2.0%● unchanged vs 09-2026lowest value
11-2026: 2.0%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2025
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €3,547 (10.9% of total assets)
lowers risk
Liquidity: current ratio 0.76, cash €17,500
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 41, micro). It does better than 19% of them on solvency, 53% on liquidity and 47% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 294 companies had the same profile as C.S.N CONSTRUCT has now. Each dot is one company, two years later.
95.6%
were still trading
2.0%
stopped another way
2.4%
went bankrupt
That fits the bankruptcy probability of C.S.N CONSTRUCT itself: 2.0% 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 294 companies, not a prediction for C.S.N 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 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 risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9456 sector peers (2025).
NBB · sector comparisonPosition among 9456 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
18 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018538503
Incorporation
Founding capital of €2,500, 100 shares · Appointment: CHIRILOAIE Sergiu (director) · 100 shares · published on 14-01-2025 · Gazette deed
First establishment
Pepingensesteenweg 180, Sint-Pieters-Leeuw
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| C.S.N CONSTRUCT Sint-Pieters-Leeuw | €32,654 | €8,486 | 10.9% | - |
| J&E SOLUTIONS Wezembeek-Oppem | €28,820 | €9,622 | 34.1% | - |
| H&U CONSTRUCTION Sint-Genesius-Rode | €26,458 | €9,286 | 31.4% | - |
| DEM Ghent | €34,824 | €9,204 | 26.4% | - |
| BOLO CONSTRUCT Hoogstraten | €35,901 | €10,341 | 35.4% | - |
| LOTY PRO CONSTRUCT Jette | €40,166 | €8,448 | 11.5% | - |
| Domucon Lanaken | €36,496 | €6,851 | 20.6% | - |
These companies have the same main activity as C.S.N CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €26,500 and €40,200, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 10-01-2025Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 7 others
- Establishment unit
- 2.368.780.1841600 Sint-Pieters-Leeuw, since 10-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 23-06-2025
Insights on C.S.N CONSTRUCT
The computed 12-month bankruptcy probability of C.S.N CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €3,547 and a net result of €1,047.
Its solvency ranks better than 19% of 9,456 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-08-2026, 18 days late€8,486
€2,663
€1,047
-€6,927
10.9%
0.76
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €53,000 and €180,000.
Balance sheet
balance sheet total €32,654 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
10.9%
Higher than 19% of 9,456 companies in 2025.
0.76
Higher than 14% of 9,204 companies in 2025.
3.2%
Higher than 39% of 9,276 companies in 2025.
C.S.N CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
32,654 | |
21/28 |
10,475 | |
22/27 |
10,425 | |
24 |
10,425 | |
28 |
50 | |
29/58 |
22,180 | |
40/41 |
4,680 | |
40 |
4,680 | |
54/58 |
17,500 | |
| Balance sheet: equity and liabilities | ||
10/49 |
32,654 | |
10/15 |
3,547 | |
10/11 |
2,500 | |
13 |
1,047 | |
130/1 |
250 | |
1311 |
250 | |
133 |
797 | |
17/49 |
29,107 | |
42/48 |
29,107 | |
44 |
21,281 | |
440/4 |
21,281 | |
45 |
1,578 | |
450/3 |
1,578 | |
47/48 |
6,247 | |
| Income statement | ||
9900 |
8,486 | |
630 |
4,575 | |
640/8 |
1,247 | |
9901 |
2,663 | |
65/66B |
998 | |
65 |
998 | |
9903 |
1,665 | |
67/77 |
618 | |
9904 |
1,047 | |
9905 |
1,047 | |
| Appropriation of the result | ||
9906 |
1,047 | |
691/2 |
1,047 | |
6920 |
250 | |
6921 |
797 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00409894.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00409894 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 7,238 | ||
| 5,623 | ||
| 15,050 | ||
| -6,927 | ||
| 10.9% | ||
| 0.76 | ||
| 8.21 | ||
| 29.5% | ||
| 3.2% | ||
| 7.25 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €15,000 |
| Financial fixed assets | €50 |
| €4,575 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on C.S.N CONSTRUCT
Debt's share of the balance-sheet total is 89.1%.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 14-01-2025
Mandates through the years
1 name, the dashed line is todayCHIRILOAIE Sergiu
Director
Director
Board
Mandates as a list
- CHIRILOAIE Sergiu
- Director, from 08-01-2025 to date
Control
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €35.47 in 2025
- Source
- deed of 14-01-2025
Articles of association
deed of 14-01-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden, De gedelegeerden voor het dagelijks bestuur kunnen in het kader van…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Benoemd voor een hernieuwbare termijn van drie jaar, Wanneer het door de wet vereist is en binnen de wettelijke grenzen, wordt het toezicht…”
Shareholders
At incorporation
deed of 14-01-2025 ↗
- CHIRILOAIE Sergiu 100 shares (100%) · €2,500 in cash
Network & group
No group
C.S.N CONSTRUCT has no parent and no holdings in its annual accounts. CHIRILOAIE Sergiu is the only director. C.S.N CONSTRUCT shares no director with another company.
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 18 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018538503
IncorporationFounding capital of €2,500, 100 shares · Appointment: CHIRILOAIE Sergiu (director) · 100 shares · published on 14-01-20255 points ▸
- Founding capital, €2,500, 100 shares
- 100 shares
- Registered office clause, Pepingensesteenweg 180, 1600 Sint-Pieters-Leeuw
- Board rule, 1
- Director appointment, CHIRILOAIE Sergiu
- The deed holds 5 more points.
First establishment Pepingensesteenweg 180, Sint-Pieters-Leeuw
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1018.538.503
- VAT number
- BE 1018.538.503
- Peppol ID
- 0208:1018538503
- Other Peppol ID
- 9925:BE1018538503
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-01-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 10:00deed of 14-01-2025 (in Dutch)
- Peppol
- Reachable since 23-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- C.S.N CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-01-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-01-2025 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43221
Plumbing work
43331
Floor and wall tiling
90111
Literary creation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwonderneming in de meest ruime zin zoals onder meer, zonder dat deze opsomming limitatief is:; Alle renovatie- en…”deed of 14-01-2025 (in Dutch)
20 activities
- Algemene bouwonderneming in de meest ruime zin zoals onder meer, zonder dat deze opsomming limitatief is:
- Alle renovatie- en bouwwerkzaamheden;
- Grondwerken en rioleringswerken;
- Alle werkzaamheden betreffende koeltechnieken;
- Het aanleggen en verbouwen van chape, plafonds, en pleisterwerkzaamheden;
- Betegeling en het aanbrengen van tegels, marmer, natuursteen of ander vloersoorten;
- Dakwerken, daarin begrepen het aanbrengen van roofing en waterdicht maken;
- Algemene werkzaamheden als timmerman en beglazing;
- Verven, bekleden en andere fijne afwerkingen;
- Installatie van centrale verwarming, andere verwarmingstoestellen, gasinstallaties, airco, sanitair enz…;
- Werkzaamheden als elektrotechnicus;
- Groothandel in de meest ruime zin;
- Dit alles in de meest ruime zin van het woord.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle ver¬richtin-gen met betrekking tot onroe¬rende goederen en onroerende zakelijke rech¬ten, zoals de aan- en verkoop, de bouw, de verbouwing, de huur- en ver¬huur, de ruil, de verkave¬ling en, in het alge¬meen, alle ver-richtin¬gen die recht¬streeks of onrechtstreeks be¬trek¬king hebben op het beheer of op het productief maken, van onroe¬rende goederen of onroerende zake¬lijke rech¬ten;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan-en ver¬koop, de huur- en verhuur, de ruil; in het bijzon¬der het beheer en de valo¬risa¬tie van alle verhan¬delbare waar¬depapie¬ren, aande¬len, obliga¬ties, staatsfondsen, goud, kunstwerken en dergelijke;
- Het beheer van vennootschappen, het optreden als vereffenaar, de uitoefening van bestuursmandaten;
- Het verwer¬ven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten, industriële, commer¬ciële, finan¬ciële, landbouw- of immo¬biliënven¬nootschap¬pen of -onder-nemin¬gen;
- De vennootschap kan zowel tot waarborg van eigen verbin¬tenissen als tot waar¬borg van verbintenissen van derden borg stel¬len, onder meer door haar (on)roerende goederen in hypotheek of in pand te geven, inclusief de eigen handels¬zaak.
- De vennootschap mag samenwerken met, participeren in, een fusie aangaan met of, op gelijk welke wijze, rechtstreeks of onrechtstreeks belangen nemen in andere vennootschappen, ondernemingen, verenigingen, stichtingen of instellingen indien die van die aard zijn te kunnen bijdragen tot de ontwikkeling van de vennootschap of deze in de hand te kunnen werken.
- In het algemeen mag de vennootschap, zowel in België als in het buitenland, alle transacties van industriële, commerciële en financiële, en van roerende en onroerende aard realiseren die rechtstreeks of onrechtstreeks de verwezenlijking van het voorwerp van de vennootschap kunnen bevorderen of faciliteren.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Pepingensesteenweg 180 registered office 1600 Sint-Pieters-Leeuw | 10-01-2025 | 2.368.780.184 |
Buildings and parcels at the address
- Ground area
- 981 m²
- Buildings
- 145 m²
- Volume, LiDAR
- 755 m³
- Tallest building
- 7.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23583I0564/00C000 | 981 m² | 1 · 145 m² | 7.4 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1018.538.503