CA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of CA CONSTRUCT is 5.8% (elevated). The 2025 annual accounts show negative equity (-€60,619) and a net result of -€13,093. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 9,396 sector peers (NACE 41, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-11-2016 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment units
- 2.390.382.381 7012 Mons, since 30-09-2017
- 2.312.475.644 7300 Boussu, since 22-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- Campagna GiuseppaDirector · since 09-11-2016
- Piantadosi CarmeloDirector · since 09-11-2016
- CAMPAGNA LINADirector · since 01-07-2019
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.8%
- Gross margin
- -€1,906
- Loss
- €13,093
- ▲ 35.4%
- Equity
- -€60,619
- ▼ 22.5%
- Total assets
- €49,942
- ▼ 14.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 47 days after the deadline
Score breakdownraises riskLast filed accounts filed 47 days late; 2 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Loss of €13,093, the second in a row (financial year 2025)lowers riskSize: total assets €49,942Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 3% of them on solvency, 6% on liquidity, 5% on profitability and 18% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 47 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 47 days after the deadline Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514072.
Annual accounts 2025 filed on 16-09-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,052, larger than the loss of €5,694 in 2024.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,640 | €71,758 | - | €3,620 | - |
| Financial fixed assets | - | €460 | - | - | €65 |
| Depreciation and write-downs of the year | €5,904 | €18,794 | €21,695 | €7,886 | €6,403 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €60,736 | €110,763 | €28,886 | €874 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,895 | €4,891 | €5,904 | €18,794 | €21,695 | €7,886 | €6,403 | ▼ 18.8% |
| Other operating charges640/8 | - | - | - | €23,001 | €6,785 | €1,887 | €905 | €1,742 | ▲ 92.6% |
| Gross operating margin9900 | -€6,472 | €70,996 | €54,316 | €104,737 | €116,112 | €1,358 | €3,970 | -€1,906 | - |
| Operating profit (loss)9901 | -€19,216 | €15,186 | €9,914 | €15,097 | -€20,230 | -€51,111 | -€5,694 | -€10,052 | ▼ 76.5% |
| Financial income75/76B | - | - | - | €1,214 | €17,680 | €518 | - | - | - |
| Recurring financial income75 | - | €56 | €159 | €1,214 | €17,680 | €518 | - | - | - |
| Financial charges65/66B | - | - | - | €2,051 | €1,035 | €1,554 | €2,008 | €2,099 | ▲ 4.5% |
| Recurring financial charges65 | €815 | €2,058 | €2,444 | €2,051 | €1,035 | €1,554 | €1,669 | €2,099 | ▲ 25.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €339 | - | - |
| Profit (loss) for the period before taxes9903 | -€20,032 | €13,184 | €7,629 | €14,260 | -€3,585 | -€52,146 | -€7,702 | -€12,151 | ▼ 57.8% |
| Income taxes67/77 | - | - | - | €1,008 | - | - | €1,966 | €942 | ▼ 52.1% |
| Profit (loss) for the period9904 | -€20,032 | €13,184 | €7,629 | €13,252 | -€3,585 | -€52,146 | -€9,669 | -€13,093 | ▼ 35.4% |
| Profit (loss) for the period to be appropriated9905 | -€20,032 | €13,184 | €7,629 | €13,252 | -€3,585 | -€52,146 | -€9,669 | -€13,093 | ▼ 35.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20,626 | €46,328 | €62,683 | €128,088 | €139,298 | €79,995 | €58,082 | €49,942 | ▼ 14.0% |
| Fixed assets21/28 | €14,617 | €15,583 | €14,701 | €21,084 | €74,508 | €54,000 | €19,196 | €12,148 | ▼ 36.7% |
| Tangible fixed assets22/27 | €14,367 | €15,333 | €14,451 | €20,834 | €73,798 | €53,290 | €18,486 | €12,083 | ▼ 34.6% |
| Plant, machinery and equipment23 | - | - | - | €1,915 | €18,806 | €15,232 | €12,616 | €9,999 | ▼ 20.7% |
| Furniture and vehicles24 | - | - | - | €18,919 | €14,701 | €7,520 | €5,870 | €2,083 | ▼ 64.5% |
| Leasing and similar rights25 | - | - | - | - | €40,290 | €30,538 | - | - | - |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €710 | €710 | €710 | €65 | ▼ 90.8% |
| Current assets29/58 | €6,009 | €30,745 | €47,982 | €107,004 | €64,790 | €25,995 | €38,886 | €37,794 | ▼ 2.8% |
| Stocks and contracts in progress3 | €800 | €1,265 | €519 | €850 | €2,100 | - | - | - | - |
| Stocks30/36 | - | - | - | €850 | €2,100 | - | - | - | - |
| Amounts receivable within one year40/41 | €4,848 | €309 | €42,620 | €32,995 | €32,292 | €24,107 | €35,514 | €35,907 | ▲ 1.1% |
| Trade receivables40 | - | - | - | €22,247 | €31,320 | €17,486 | €23,224 | €35,762 | ▲ 54.0% |
| Other amounts receivable41 | - | - | - | €10,748 | €971 | €6,621 | €12,290 | €145 | ▼ 98.8% |
| Cash at bank and in hand54/58 | €361 | €13,582 | €3,564 | €53,822 | €28,711 | €1,888 | €3,329 | €1,768 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | - | - | €19,338 | €1,688 | - | €43 | €119 | ▲ 180% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20,626 | €46,328 | €62,683 | €128,088 | €139,298 | €79,995 | €58,082 | €49,942 | ▼ 14.0% |
| Equity10/15 | -€18,158 | -€4,974 | €2,655 | €15,907 | €12,322 | -€39,824 | -€49,492 | -€60,619 | ▼ 22.5% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Capital10 | - | - | - | €1 | €1 | €1 | €1 | - | - |
| Issued capital100 | - | - | - | €1 | €1 | €1 | €1 | - | - |
| Reserves13 | €1,872 | €1,872 | €1,872 | €1,872 | €1,872 | €1,872 | €1,872 | €1,872 | = |
| Non-distributable reserves130/1 | - | - | - | €1,872 | €1,872 | €1,872 | €1 | €1 | = |
| Legal reserve130 | - | - | - | €1 | €1 | €1 | €1 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1 | - |
| Other1319 | - | - | - | €1,871 | €1,871 | €1,871 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,871 | €1,871 | = |
| Profit (loss) carried forward14 | -€20,032 | -€6,847 | €782 | €14,034 | €10,449 | -€41,697 | -€51,366 | -€62,493 | ▼ 21.7% |
| Amounts payable17/49 | €38,784 | €51,302 | €60,028 | €112,181 | €126,976 | €119,819 | €107,575 | €110,561 | ▲ 2.8% |
| Amounts payable after more than one year17 | €32,500 | €30,000 | €30,000 | €70,216 | €61,989 | €53,829 | €3,994 | - | - |
| Financial debts170/4 | - | - | - | €40,216 | €31,989 | €23,829 | €3,994 | - | - |
| Other amounts payable178/9 | - | - | - | €30,000 | €30,000 | €30,000 | - | - | - |
| Amounts payable within one year42/48 | €6,284 | €21,302 | €30,028 | €41,965 | €64,986 | €65,990 | €103,580 | €110,561 | ▲ 6.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,782 | €9,795 | €8,779 | €4,859 | €3,994 | ▼ 17.8% |
| Trade debts44 | €5,590 | €2,096 | €1,642 | €12,320 | €4,239 | €6,619 | €8,796 | €10,086 | ▲ 14.7% |
| Suppliers440/4 | - | - | - | €12,320 | €4,239 | €6,619 | €8,796 | €10,086 | ▲ 14.7% |
| Taxes, remuneration and social security45 | - | - | - | €9,355 | €28,127 | €23,043 | €27,693 | €447 | ▼ 98.4% |
| Taxes450/3 | - | - | - | €9,355 | €18,342 | €16,063 | €20,297 | €447 | ▼ 97.8% |
| Remuneration and social security454/9 | - | - | - | - | €9,785 | €6,980 | €7,396 | - | - |
| Other amounts payable47/48 | - | - | - | €15,508 | €22,826 | €27,549 | €62,233 | €96,034 | ▲ 54.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,032 | €13,184 | €7,629 | €13,252 | -€3,585 | -€52,146 | -€9,669 | -€13,093 | ▼ 35.4% |
| + Depreciation and write-downs630 | - | €3,895 | €4,891 | €5,904 | €18,794 | €21,695 | €7,886 | €6,403 | ▼ 18.8% |
| Operating cash flow (approximation) | -€20,032 | €17,079 | €12,520 | €19,155 | €15,209 | -€30,451 | -€1,783 | -€6,690 | ▼ 275% |
| Investment in fixed assets (approximation) | - | -€4,861 | -€4,009 | -€12,287 | -€72,218 | -€1,188 | €26,918 | €645 | ▼ 97.6% |
| Change in cash | - | €13,221 | -€10,018 | €50,258 | -€25,111 | -€26,823 | €1,442 | -€1,562 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as CA CONSTRUCT has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CA CONSTRUCT itself: 5.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,008 companies, not a prediction for CA 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-09-2026 | 2026-00514072 | |
| 31-12-2024 | micro format | 30-10-2025 | 2025-00558052 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00377518 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00404884 | |
| 31-12-2021 | full format | 12-09-2022 | 2022-20426567 | |
| 31-12-2020 | full format | 05-08-2021 | 2021-46700552 | |
| 31-12-2019 | full format | 27-10-2020 | 2020-63800335 | |
| 31-12-2018 | full format | 28-11-2019 | 2019-74800228 | |
| 31-12-2017 | micro format | 30-11-2018 | 2018-73400201 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 01-04-2026 Converted to unavailable equity
- 01-04-2026 Converted to uncalled contributions
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Campagna Giuseppa |
|
| Piantadosi Carmelo |
|
| CAMPAGNA LINA |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “L’assemblée générale décide si le mandat d’administrateur est ou non exercé gratuitement.”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d’expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…”
Articles of association, deed of 01-04-2026 (in French)
Network & group
CA CONSTRUCT shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of CA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-04
Gazette deed
Company renamed from SPRL CA CONSTRUCT- STARTER to CA CONSTRUCTAmendment of the articles · Capital conversion · Reserve release13 points ▸
- General meeting, 16-03-2026
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, faire appel à un professionnel du chiffre” (deed in French)
- Name change, CA CONSTRUCT
- Capital
- Capital conversion, “compte capitaux propres statutairement indisponible” (deed in French)
- Registered office clause, “7012 Flénu Rue Albert Defrise”, 59, “organe d'administration” (deed in French)
- Director in office, Carmelo PIANTADOSI (director)
- Director in office, Giuseppa CAMPAGNA (director)
- Director in office, Lina CAMPAGNA (director)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
28 activities
- L’entreprise et la sous-entreprise de construction, de transformation
- L’entreprise générale de bâtiments, de construction, entreprise de travaux de gros-œuvre, d’aménagement et de démolition ;
- L’entreprise de plafonnage-cimenterie et crépissage ;
- L’entreprise de peinture ;
- L’entreprise de maçonnerie et de béton, coffrage, ferraillage, etc …
- L’entreprise de carrelage, pavage, pose de revêtement de sols et muraux ;
- La menuiserie générale intérieure et extérieure, charpentes et escalier en bois ;
- L’isolation acoustique ou thermique, cloisons légères, faux plafonds et faux planchers préfabriqués ou non,
- L’installation thermique et de ventilation, aération ;
- L’installation électrique ;
- L’entreprise de vitrage ;
- L’entreprise sanitaire et plomberie ;
- L’entreprise de zinguerie et de couverture métalliques de construction ;
- L’entreprise de couverture non métallique de constructions ;
- L’entreprise d’étanchéité de construction ;
- L’entreprise de travaux de démolition ;
- L’entreprise de placement, de montage et démontage, d’entretien, de réparation d’enseignes lumineuses et publicitaires ;
- Le commerce de détail de tout matériel se rapportant à ses activités.
- La gestion, l’organisation, et l’assistance aux entreprises dans les domaines de la restauration, du commerce d’alimentation, de l’organisation d’évènements, ainsi que toutes opérations généralement quelconques, se rapportant directement ou indirectement à l’exploitation et la gestion de tous restaurants, bars à vin, bars à champagne, cafés, débits de boissons, boite de nuit, salon de thés, salons de dégustations, service traiteur, service de livraison à domicile et de vente ambulante et de façon générale, toute entreprise dans le secteur HORECA au sens large ;
- Toute opération de tourisme, d’hôtellerie, de divertissements et de loisirs ;
- L’organisation de banquets et réceptions ;
- L’activité d’intermédiaire commercial dans le secteur HORECA ;
- L’importation et l’exportation de denrées alimentaires et de manière générale de tou produits se rapportant à l’objet de la société.
- L’exploitation d’un ou plusieurs salon(s) de coiffure ;
- Toutes prestations de services dans le domaine des soins des cheveux ;
- L’achat et la vente, en gros et au détail, de tous produits de beauté et cosmétiques, de bijouterie de fantaisie, de textile, de parfumerie, etc. ;
- L’exploitation d’un ou plusieurs salon(s) de manucure et de soins esthétiques.
- Toutes activités généralement quelconques se rapportant directement ou indirectement à :
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 0665.855.213
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53014A1025/00Z000 | Wallonia | 352 m² | 1 · 106 m² | 12.2 m · 3 |
| 53027B0042/00Z004 | Wallonia | 213 m² | 1 · 36 m² | 9.5 m · 3 |