CAMPAGNA CONSTRUCT
ActiveSummary
CAMPAGNA CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,564 and a net result of €1,093. Its solvency ranks better than 95% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- ≈ 0.9 FTE, estimated
- Equity
- €159,564
- Profit
- €1,093
Why 70raises riskFounded in 20241 change of registered office in 24 monthslowers riskLiquidity: current ratio 17.34, cash €62,872Figures for financial year 2025 (filed 15-06-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 90% on solvency, 93% on liquidity, 19% on profitability and 37% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 14 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Amendment of the articlesRegistered-office move · Capital ·…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 96% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result -99% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 2,546 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,546 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €68,443 | €55,128 | ▼ 19.5% |
| Other operating charges640/8 | €1,069 | €190 | ▼ 82.2% |
| Gross operating margin9900 | €218,008 | €60,917 | ▼ 72.1% |
| Operating profit (loss)9901 | €148,496 | €5,599 | ▼ 96.2% |
| Financial charges65/66B | €25 | €72 | ▲ 188% |
| Recurring financial charges65 | €25 | €72 | ▲ 188% |
| Profit (loss) for the period before taxes9903 | €148,471 | €5,527 | ▼ 96.3% |
| Income taxes67/77 | - | €4,434 | - |
| Profit (loss) for the period9904 | €148,471 | €1,093 | ▼ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €148,471 | €1,093 | ▼ 99.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €169,578 | €169,331 | ▼ 0.1% |
| Current assets29/58 | €169,578 | €169,331 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €80,595 | €106,459 | ▲ 32.1% |
| Trade receivables40 | €3,608 | - | - |
| Other amounts receivable41 | €76,987 | €106,459 | ▲ 38.3% |
| Cash at bank and in hand54/58 | €88,983 | €62,872 | ▼ 29.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €169,578 | €169,331 | ▼ 0.1% |
| Equity10/15 | €158,471 | €159,564 | ▲ 0.7% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | = |
| Issued capital100 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €148,471 | €149,564 | ▲ 0.7% |
| Amounts payable17/49 | €11,107 | €9,767 | ▼ 12.1% |
| Amounts payable within one year42/48 | €11,107 | €9,767 | ▼ 12.1% |
| Trade debts44 | - | €9,767 | - |
| Suppliers440/4 | - | €9,767 | - |
| Taxes, remuneration and social security45 | €8,407 | - | - |
| Remuneration and social security454/9 | €8,407 | - | - |
| Other amounts payable47/48 | €2,700 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €148,471 | €1,093 | ▼ 99.3% |
| Operating cash flow (approximation) | €148,471 | €1,093 | ▼ 99.3% |
| Change in cash | - | -€26,111 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-06-2026 | 2026-00161748 |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00383568 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CAMPAGNA Adriano |
|
| Carulli Elodie |
|
The directors' other companies
1 other company of this director was struck off by the FPS Economy (2025).
- IMMO CAMPAGNA struck off on 11-06-2025Official Gazettemandate since 2024
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Capital and shareholders
- CAMPAGNA Adriano sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-02-2025 Capital stated in the deed · 100 shares
- 05-03-2024 Incorporation · €10,000
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
04-02
Gazette deed
Amendment of the articlesRegistered-office move · Capital · Registered office clause7 facts ▸
- General meeting, 24-12-2024
- Registered-office move, Lange Eikstraat 46,1970 Wezembeek-Oppem
- Other provision, “statuten voortaan in de Nederlandse taal, taalkeuze statuten” (deed in French)
- Amendment of the articles (2 times)
- Capital
- Registered office clause, “vaststelling, Lange Eikstraat 46,1970 Wezembeek-Oppem” (deed in French)
- Power of attorney
24-01
Gazette deed
Registered officeRegistered-office move · Power of attorney5 facts ▸
- General meeting, 24-12-2024
- Registered-office move, Région Flamande
- Registered-office move
- Power of attorney
- Power of attorney, John de BROUCHOVEN de BERGEYCK
23-09
Gazette deed
Resignation: Carulli Elodie (director)2 facts ▸
- General meeting, 04-07-2024
- Director resignation, Carulli Elodie (director)
02-04
Gazette deed
Appointment: CARULLI Elodie (director)1 fact ▸
- Director appointment, CARULLI Elodie (director)
05-03
Gazette deed
IncorporationAppointment: CAMPAGNA Adriano (director) · Founder · Founding capital9 facts ▸
- Incorporation, 01-03-2024
- Founder, CAMPAGNA Adriano (comparant)
- Founding capital, €10,000
- Other provision, “arrêt des statuts, arrêter statuts société à responsabilité limitée” (deed in French)
- Registered office clause, “7370 Dour, Chemin de Thulin 39” (deed in French)
- Other provision, “campagna.construct@hotmail.com, site internet et adresse électronique” (deed in French)
- Board rule, 1
- Director appointment, CAMPAGNA Adriano (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations et activités entrepris au nom et pour compte de la société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 1006.678.074
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 |
| 53020A0785/00Z002 | Wallonia | 394 m² | 1 · 90 m² | 11.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CAMPAGNA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing bestuursorgaan” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Het bestuursorgaan kan bijzondere gevolmachtigden van de vennootschap aanstellen. b) Vertegenwoordiging van de vennootschap Ongeacht of de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan” (deed in French)“Vergoeding bestuurders, vaste of evenredige vergoeding” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives,mentions Code sociétés et associations,consultation titulaires” (deed in French)deed of 05-03-2024
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deeddeed of 04-02-2025
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen – voorkeurrecht, dag openstelling intekening” (deed in French)deed of 04-02-2025
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 05-03-2024
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in French)deed of 04-02-2025
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, bestuurders in functie krachtens statuten indien geen andere benoemd” (deed in French)deed of 04-02-2025