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CAPITAL CONSTRUCT

Active
Public limited companyfounded 2007active for 19 yearsLouizalaan 326, 1050 Brussel, Belgium120 active companies are registered at this addressKBO/BCE: BE 0888.871.376
Summary

CAPITAL CONSTRUCT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €2.7m. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 51% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€20.9mturnover 2025
Equity
€7.7m
Profit
€2.7m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 31 days early4 of 12 deeds summarised
Why 96lowers riskSize: turnover €20.9m, total assets €19.5mFigures for financial year 2025 (filed 30-06-2026)Legal form: public limited companyFounded in 2007Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 68, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 64+1
equity 39.3% of total assets
Liquidity 43+13
short-term debt 43.3% · cash 11.2%
Profitability 85+13
return on assets 13.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,720 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.3, compared with 1.78 in 2024, above the usual 1.5; short-term debt: 43.3% and cash: 11.2% of total assets), but 60.7% of the assets are financed with debt and provisions.
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 68, medium-sized): better than 62% on solvency, 36% on liquidity, 96% on profitability and 90% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskneutral
lowers risk · Size: turnover €20.9m, total assets €19.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 30-06-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €7.7m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
31 days early
2023
33 days early
2022
31 days early
2021
33 days early
2020
31 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Pierre Real Invest BV (director)Permanent representative: Hansen Pieter ·…
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

Turnover
€20.9m▲ 189%
2024 · €7.2m
EBIT margin
15.5%▲ 3.6pp
2024 · 11.9%
Net result
€2.7m▲ 508%
2024 · €441,983
Working capital
€10.9m▲ 59.6%
2024 · €6.8m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is nearly 3.8 times 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€20.9m 2025 Operating result€3.2m 2025 Net result€2.7m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate 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), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€15.9m€12.8m▼ 19.6%€6.1m▼ 52.5%€3.4m▼ 44.8%€2.6m▼ 21.9%€7.2m▲ 175%€20.9m▲ 189%
Operating result€4.3m-€2.0m▼ 53.1%€0.6m▼ 68.6%€0.2m▼ 64.4%€0.02m▼ 91.0%-€2.1m€0.9m€3.2m▲ 276%
Net result€2.8m-€1.4m▼ 51.3%€0.4mabove the sector's middle half▼ 68.7%€0.1mwithin the sector's middle half▼ 68.0%€0.03mwithin the sector's middle half▼ 80.3%-€2.0mbelow the sector's middle half€0.4mabove the sector's middle half€2.7mabove the sector's middle half▲ 508%
EBIT margin12.6%4.9%▼ 7.7pp3.7%▼ 1.2pp0.6%▼ 3.1pp-80.0%▼ 80.6pp11.9%▲ 91.9pp15.5%▲ 3.6pp
Equity€5.9m-€7.1m▲ 20.0%€7.5mabove the sector's middle half▲ 5.4%€7.6mabove the sector's middle half▲ 1.8%€7.7mabove the sector's middle half▲ 0.4%€5.6mabove the sector's middle half▼ 26.4%€6.0mabove the sector's middle half▲ 7.0%€7.7mabove the sector's middle half▲ 26.9%
Total assets€13.5m-€13.0m▼ 3.3%€15.6mabove the sector's middle half▲ 19.8%€14.6mabove the sector's middle half▼ 6.8%€14.8mabove the sector's middle half▲ 1.3%€13.0mabove the sector's middle half▼ 12.1%€15.8mabove the sector's middle half▲ 22.0%€19.5mabove the sector's middle half▲ 23.1%
Debt€7.1m-€5.4m▼ 23.8%€6.8m▲ 26.9%€6.3m▼ 7.9%€6.5m▲ 3.0%€6.7m▲ 3.8%€9.2m▲ 36.9%€11.2m▲ 22.1%
Working capital€6.4m-€7.6m▲ 18.6%€8.0mabove the sector's middle half▲ 4.7%€6.4mabove the sector's middle half▼ 19.9%€6.5mabove the sector's middle half▲ 2.5%€4.3mabove the sector's middle half▼ 34.9%€6.8mabove the sector's middle half▲ 60.4%€10.9mabove the sector's middle half▲ 59.6%
Solvency43.9%-54.5%▲ 10.6pp48.0%within the sector's middle half▼ 6.6pp52.4%within the sector's middle half▲ 4.4pp51.9%within the sector's middle half▼ 0.5pp43.5%within the sector's middle half▼ 8.4pp38.1%within the sector's middle half▼ 5.3pp39.3%within the sector's middle half▲ 1.2pp
Current ratio1.94-2.46▲ 0.522.19within the sector's middle half▼ 0.262.06within the sector's middle half▼ 0.132.08within the sector's middle half▲ 0.021.67within the sector's middle half▼ 0.411.78within the sector's middle half▲ 0.112.30within the sector's middle half▲ 0.52
Return on assets (ROA)20.9%-10.5%▼ 10.4pp2.8%within the sector's middle half▼ 7.8pp0.9%within the sector's middle half▼ 1.8pp0.2%within the sector's middle half▼ 0.8pp-15.6%below the sector's middle half▼ 15.8pp2.8%within the sector's middle half▲ 18.4pp13.8%above the sector's middle half▲ 11.0pp
Staff (FTE)1within the sector's middle half0.7within the sector's middle half▼ 30.0%
above within below the middle half of NACE 68, Real estate 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.5m
Fixed assets €138,306 ▼ 21.8%
Current assets €19.3m ▲ 23.6%
Equity and liabilities €19.5m
Equity €7.7m ▲ 26.9%
Provisions €596,737 ▲ 0.6%
Debt €11.2m ▲ 22.1%
Debt's share of the balance-sheet total falls from 58.1% to 57.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.3m▲
2024 · €922,470
Cash flow
€2.7m▲
2024 · €501,544
Quick ratio
1.27▲
2024 · 1.12
Debt to equity
1.47▼
2024 · 1.52
ROE
35.1%▲
2024 · 7.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€8.4m▼
2024 · €8.8m
Income taxes
€529,819▲
2024 · €40,301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 546 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.2% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
4.2% stopped otherwise
95.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€15.8m€19.5m▲
Fixed assets21/28€0.2m€0.1m▼
Tangible fixed assets22/27€0.2m€0.1m▼
Furniture and vehicles24€0.2m€0.1m▼
Other tangible fixed assets26€0.02m€0.03m▲
Current assets29/58€15.6m€19.3m▲
Amounts receivable after more than one year29€2.9m€2.9m=
Other amounts receivable291€2.9m€2.9m=
Stocks and contracts in progress3€5.8m€8.6m▲
Stocks30/36€5.8m€8.6m▲
Property held for sale35€5.8m€8.6m▲
Amounts receivable within one year40/41€4.4m€5.3m▲
Trade receivables40€1.2m€1.4m▲
Other amounts receivable41€3.2m€3.9m▲
Cash at bank and in hand54/58€1.0m€2.2m▲
Deferred charges and accrued income490/1€1.5m€0.4m▼
Equity and liabilities
Total equity and liabilities10/49€15.8m€19.5m▲
Equity10/15€6.0m€7.7m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€6.0m€7.6m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€6.0m€7.6m▲
Provisions and deferred taxes16€0.6m€0.6m▲
Provisions for liabilities and charges160/5€0.6m€0.6m▲
Other liabilities and charges164/5€0.6m€0.6m▲
Amounts payable17/49€9.2m€11.2m▲
Amounts payable within one year42/48€8.8m€8.4m▼
Trade debts44€6.1m€5.6m▼
Suppliers440/4€6.1m€5.6m▼
Advances received on contracts in progress46€1.0m€0.01m▼
Taxes, remuneration and social security45€0.3m€0.1m▼
Taxes450/3€0.3m€0.1m▼
Other amounts payable47/48€1.4m€2.7m▲
Accrued charges and deferred income492/3€0.4m€2.8m▲
Income statement Code20242025
Operating income70/76A€7.2m€20.9m▲
Turnover70€7.2m€20.9m▲
Operating charges60/66A€6.4m€17.6m▲
Goods for resale, raw materials and consumables60€4.8m€16.8m▲
Purchases600/8€9.0m€19.6m▲
Change in stocks: decrease (increase)609-€4.2m-€2.8m▲
Services and other goods61€0.7m€0.7m▲
Remuneration, social security and pensions62€0.01m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.1m-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.02m€0.004m▲
Other operating charges640/8€0.9m€0.002m▼
Operating profit (loss)9901€0.9m€3.2m▲
Financial income75/76B€0.3m€0.2m▼
Recurring financial income75€0.3m€0.2m▼
Income from current assets751€0.3m€0.2m▼
Other financial income752/9€13€87▲
Financial charges65/66B€0.6m€0.2m▼
Recurring financial charges65€0.6m€0.2m▼
Debt charges650€0.007m€0.006m▼
Other financial charges652/9€0.6m€0.2m▼
Profit (loss) for the period before taxes9903€0.5m€3.2m▲
Income taxes67/77€0.04m€0.5m▲
Taxes670/3€0.04m€0.5m▲
Profit (loss) for the period9904€0.4m€2.7m▲
Profit (loss) for the period to be appropriated9905€0.4m€2.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€2.7m▲
Transfer from equity791/2-€0.5m
From reserves792-€0.5m
Transfer to equity691/2€0.4m€2.1m▲
To other reserves6921€0.4m€2.1m▲
Profit to be distributed694/7€0.05m€1.1m▲
Return on contributions (dividend)694-€0.5m
Directors or managers695€0.05m€0.6m▲
Social balance sheet
Average headcount (FTE)90870.7-

The notes to these accounts (36 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€6.1m€3.4m€2.6m€7.2m€20.9m▲ 189%
Turnover70-€15.9m€12.8m€6.1m€3.4m€2.6m€7.2m€20.9m▲ 189%
Other operating income74----€0.004m----
Non-recurring operating income76A-----€0.02m---
Operating charges60/66A---€5.9m€3.3m€4.7m€6.4m€17.6m▲ 177%
Goods for resale, raw materials and consumables60---€5.4m€2.5m€4.5m€4.8m€16.8m▲ 250%
Purchases600/8---€4.0m€3.6m€3.4m€9.0m€19.6m▲ 119%
Change in stocks: decrease (increase)609---€1.4m-€1.1m€1.2m-€4.2m-€2.8m▲ 32.9%
Services and other goods61---€0.7m€0.7m€0.7m€0.7m€0.7m▲ 9.6%
Remuneration, social security and pensions62-----€0.003m€0.01m--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.02m€0.02m€0.02m€0.02m€0.04m€0.06m€0.06m▲ 2.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.4m€0.2m-€0.5m-€0.1m--
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.7m-€0.02m-€0.02m-€0.02m€0.004m-
Other operating charges640/8---€0.01m€0.002m€0.007m€0.9m€0.002m▼ 99.8%
Gross operating margin9900€4.4m--------
Operating profit (loss)9901€4.3m€2.0m€0.6m€0.2m€0.02m-€2.1m€0.9m€3.2m▲ 276%
Financial income75/76B---€0.07m€0.1m€0.2m€0.3m€0.2m▼ 32.8%
Recurring financial income75€0.04m€0.07m€0.07m€0.07m€0.1m€0.2m€0.3m€0.2m▼ 32.8%
Income from current assets751---€0.07m€0.1m€0.2m€0.3m€0.2m▼ 32.9%
Other financial income752/9---€0.002m€0.002m€0.001m€13€87▲ 561%
Financial charges65/66B---€0.1m€0.1m€0.1m€0.6m€0.2m▼ 68.5%
Recurring financial charges65€0.3m€0.2m€0.1m€0.1m€0.1m€0.1m€0.6m€0.2m▼ 68.5%
Debt charges650--€23€16-€0.004m€0.007m€0.006m▼ 15.5%
Other financial charges652/9---€0.1m€0.1m€0.1m€0.6m€0.2m▼ 69.1%
Profit (loss) for the period before taxes9903€4.0m€1.9m€0.6m€0.2m€0.04m-€2.0m€0.5m€3.2m▲ 567%
Income taxes67/77€1.2m€0.5m€0.1m€0.05m€0.01m€0.001m€0.04m€0.5m▲ 13×
Taxes670/3---€0.05m€0.01m€0.001m€0.04m€0.5m▲ 13×
Profit (loss) for the period9904€2.8m€1.4m€0.4m€0.1m€0.03m-€2.0m€0.4m€2.7m▲ 508%
Profit (loss) for the period to be appropriated9905€2.8m€1.4m€0.4m€0.1m€0.03m-€2.0m€0.4m€2.7m▲ 508%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€13.5m€13.0m€15.6m€14.6m€14.8m€13.0m€15.8m€19.5m▲ 23.1%
Fixed assets21/28€0.2m€0.2m€1.0m€2.1m€2.1m€2.3m€0.2m€0.1m▼ 21.8%
Tangible fixed assets22/27€0.1m€0.1m€0.08m€0.07m€0.06m€0.2m€0.2m€0.1m▼ 21.8%
Furniture and vehicles24---€0.03m€0.03m€0.2m€0.2m€0.1m▼ 31.9%
Other tangible fixed assets26---€0.04m€0.03m€0.02m€0.02m€0.03m▲ 45.1%
Financial fixed assets28€0.1m€0.1m€0.9m€2.1m€2.1m€2.1m---
Other financial fixed assets284/8---€2.1m€2.1m€2.1m---
Amounts receivable and cash guarantees285/8---€2.1m€2.1m€2.1m---
Current assets29/58€13.3m€12.8m€14.7m€12.4m€12.6m€10.7m€15.6m€19.3m▲ 23.6%
Amounts receivable after more than one year29---€2.9m€2.9m€2.9m€2.9m€2.9m=
Other amounts receivable291---€2.9m€2.9m€2.9m€2.9m€2.9m=
Stocks and contracts in progress3€5.6m€6.3m€3.1m€1.3m€2.2m€1.5m€5.8m€8.6m▲ 48.2%
Stocks30/36---€1.3m€2.2m€1.5m€5.8m€8.6m▲ 48.2%
Property held for sale35---€1.3m€2.2m€1.5m€5.8m€8.6m▲ 48.2%
Amounts receivable within one year40/41€3.6m€3.8m€5.7m€6.2m€6.5m€5.8m€4.4m€5.3m▲ 20.3%
Trade receivables40---€1.7m€1.7m€0.8m€1.2m€1.4m▲ 15.4%
Other amounts receivable41---€4.5m€4.8m€5.0m€3.2m€3.9m▲ 22.2%
Cash at bank and in hand54/58€1.2m€1.2m€2.9m€1.9m€0.8m€0.1m€1.0m€2.2m▲ 113%
Deferred charges and accrued income490/1---€0.1m€0.2m€0.3m€1.5m€0.4m▼ 75.7%
Equity and liabilities
Total equity and liabilities10/49€13.5m€13.0m€15.6m€14.6m€14.8m€13.0m€15.8m€19.5m▲ 23.1%
Equity10/15€5.9m€7.1m€7.5m€7.6m€7.7m€5.6m€6.0m€7.7m▲ 26.9%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€5.9m€7.0m€7.4m€7.6m€7.6m€5.6m€6.0m€7.6m▲ 27.2%
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133---€7.6m€7.6m€5.6m€6.0m€7.6m▲ 27.2%
Provisions and deferred taxes16€0.5m€0.6m€1.3m€0.7m€0.6m€0.6m€0.6m€0.6m▲ 0.6%
Provisions for liabilities and charges160/5---€0.7m€0.6m€0.6m€0.6m€0.6m▲ 0.6%
Other liabilities and charges164/5---€0.7m€0.6m€0.6m€0.6m€0.6m▲ 0.6%
Amounts payable17/49€7.1m€5.4m€6.8m€6.3m€6.5m€6.7m€9.2m€11.2m▲ 22.1%
Amounts payable within one year42/48€6.8m€5.2m€6.7m€6.0m€6.1m€6.4m€8.8m€8.4m▼ 4.3%
Trade debts44€3.0m€3.1m€3.1m€2.8m€3.0m€2.8m€6.1m€5.6m▼ 8.3%
Suppliers440/4---€2.8m€3.0m€2.8m€6.1m€5.6m▼ 8.3%
Advances received on contracts in progress46----€0.2m€0.2m€1.0m€0.01m▼ 99.0%
Taxes, remuneration and social security45---€2.4m€2.1m€2.1m€0.3m€0.1m▼ 44.0%
Taxes450/3---€2.4m€2.1m€2.1m€0.3m€0.1m▼ 44.0%
Remuneration and social security454/9-----€0.001m---
Other amounts payable47/48---€0.8m€0.8m€1.3m€1.4m€2.7m▲ 86.9%
Accrued charges and deferred income492/3---€0.2m€0.4m€0.3m€0.4m€2.8m▲ 621%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€2.8m€1.4m€0.4m€0.1m€0.03m-€2.0m€0.4m€2.7m▲ 508%
+ Depreciation and write-downs630€0.04m€0.02m€0.02m€0.02m€0.02m€0.04m€0.06m€0.06m▲ 2.1%
Operating cash flow (approximation)€2.9m€1.4m€0.4m€0.2m€0.04m-€2.0m€0.5m€2.7m▲ 448%
Investment in fixed assets (approximation)-€0-€0.8m-€1.2m-€0.007m-€0.2m€2.1m-€0.02m-
Change in cash--€0.07m€1.7m-€1.0m-€1.1m-€0.7m€0.9m€1.2m▲ 31.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 30-06-2026 2026-00238863
31-12-2024 full format 30-06-2025 2025-00230982
31-12-2023 full format 28-06-2024 2024-00221873
31-12-2022 full format 30-06-2023 2023-00194878
31-12-2021 full format 28-06-2022 2022-20149491
31-12-2020 full format 30-06-2021 2021-28800167
31-12-2019 full format 17-07-2020 2020-31200501
31-12-2018 abbreviated format 28-06-2019 2019-24800251
31-12-2017 abbreviated format 13-07-2018 2018-34500166
31-12-2016 abbreviated format 23-06-2017 2017-21400006

Show all 18 filings

Similar companies · same sector, comparable size

Of the 9,531 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,509. 1,419 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2025

Board 3

STAP INVEST
Director · since 27-12-2022 · Public limited company · permanent representative: HANSEN Pieter Paul
Current
PIERRE REAL INVEST
Director · since 01-07-2025 · Private limited company · permanent representative: Hansen Pieter
Current
Current

Day-to-day management 1

STAP INVEST
Managing director · since 27-12-2022 · Public limited company · permanent representative: HANSEN Pieter Paul
Current

Permanent representatives 1

Hansen Pieter
Permanent representative · since 01-07-2025 · for PIERRE REAL INVEST
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
8 of this company's 12 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2022, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
STAP INVEST
  • Director, from 27-12-2022 to date
  • Managing director, from 27-12-2022 to date
VAZQUEZ ROJEL Amanda
  • Director, since before 15-02-2024
PIERRE REAL INVEST
  • Director, from 01-07-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 15-02-2024 Capital stated in the deed · €62,000 · 100 shares

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Cotrustco
Shared corporate director
→

History

On 19 April 2007, CAPITAL CONSTRUCT was incorporated.1 Turnover went from €15.9m in 2019 to €20.9m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
financial year 2025 · full format
12-05
Gazette deed Appointment: Pierre Real Invest BV (director)
Permanent representative: Hansen Pieter · Declaration5 facts ▸
  • General meeting, 01-07-2025
  • Director appointment, Pierre Real Invest BV (director)
  • Permanent representative, Hansen Pieter
  • Declaration, “acceptance of appointment” (deed in Dutch)
  • Other provision, “Stap Invest NV” (deed in Dutch)
2025
30-06
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Back to profitnet €441,983
Net result €441,983 after one loss-making year.
28-06
NBB filing Annual accounts filed
financial year 2023 · full format
15-02
Gazette deed Reappointments: STAP INVEST (director) and VAZQUEZ ROJEL Amanda (director)
Permanent representative: HANSEN Pieter Paul · Power of attorney · Amendment of the articles12 facts ▸
  • Director reappointment, STAP INVEST (director)
  • Director reappointment, VAZQUEZ ROJEL Amanda (director)
  • Power of attorney
  • Power of attorney, Frederic CONVENT
  • Power of attorney, Accountantskantoor Accto Van Zegbroeck BV
  • Board meeting, “hernieuwing van het mandaat van de gedelegeerd bestuurder, Raad van bestuur” (deed in Dutch)
  • Director reappointment, STAP INVEST (managing director)
  • Permanent representative, HANSEN Pieter Paul
  • General meeting, 22-12-2023
  • Other provision, “vervroegde onderwerping aan WVV, Eerste besluit” (deed in Dutch)
  • Amendment of the articles
  • Capital, €62,000
2023
31-12
Financial Weakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series; recovery starts the following year.
30-06
NBB filing Annual accounts filed
financial year 2022 · full format
2022
27-12
Gazette deed Appointment: Stap Invest NV (director)
Permanent representative: Hansen Pieter5 facts ▸
  • General meeting, 08-12-2022
  • Director appointment, Stap Invest NV (director)
  • Permanent representative, Hansen Pieter
  • Board meeting, “onmiddellijk na de bijzondere vergadering van 2022-12-08, Raad van Bestuur” (deed in Dutch)
  • Director appointment, Stap Invest NV (managing director)
10-11
Gazette deed Reappointment: Clybouw Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Arnaud Clybouw4 facts ▸
  • General meeting, 27-06-2022
  • Auditor reappointment, Clybouw Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Arnaud Clybouw
  • Other provision, “Gedelegeerd bestuurder, vertegenwoordiging voor ondertekening” (deed in Dutch)
28-06
NBB filing Annual accounts filed
financial year 2021 · full format
2021
30-06
NBB filing Annual accounts filed
financial year 2020 · full format
Show earlier events
2020
17-07
NBB filing Annual accounts filed
financial year 2019 · full format
2019
28-06
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
13-07
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
23-06
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
4 of 12 deeds read
About the unread acts

Of the 12 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded19-04-2007
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0888871376
Also 9925:BE0888871376
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 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 0888.871.376

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2007
registered office establishment The establishment unit on the map
Ground area
2,671 m²
Building footprint
2,036 m²
Building volume
67,868 m³
Parcel 21807G0178/00E003, Brussels · tallest building 103.3 m. Linked by address, not a title deed.
120 companies at this address See who is registered here
1 establishment unit
CAPITAL CONSTRUCT
Louizalaan 326, 1050 BrusselDevelopment of residential building projects
since 2007unit no. 2.163.348.438
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21807G0178/00E003 Brussels 2,671 m² 1 · 2,036 m² 103.3 m · 6
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken, als algemene aannemer of in onderaanneming, het ontwerp…” (deed in Dutch)
7 activities (deed in Dutch)
  1. De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken, als algemene aannemer of in onderaanneming, het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels, de studie en de uitvoering van binnen- en buitendecoraties;
  2. Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud, de renovatie, het herstel, de verfraaiing, de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en, algemeen genomen, alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken;
  3. Het verstrekken van advies en bijstand, zowel technisch als administratief en commercieel, aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen;
  4. Het verwerven van alle mogelijke terreinen, het bouwen van openbare en particuliere gebouwen, de aankoop, de verkoop, de verhuur, de verdeling en de verkaveling van alle mogelijke onroerende goederen;
  5. Al de werkzaamheden met betrekking tot de verdeling van water, gas, elektriciteit, enz.; de vaststelling en exploitatie van alle mogelijke transportmiddelen, havens, kanalen, wegen, enz.;
  6. De aankoop, de verkoop, de huur, de invoer on de uitvoer van alle mogelijke materialen, goederen, toestellen en materieel, noodzakelijk voor de bouw, het onderhoud, het herstel en de vernieuwing van kunstwerken en gebouwen;
  7. De voorbereiding, de opstelling en het afsluiten, zowel als mandataris als voor eigen rekening, van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
CAPITAL CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Brussels Hoofdstedelijk Gewest, bestuursorgaan mag administratieve zetels, agentschappen, ateliers, opslagplaatsen en bijhuizen oprichten of…” (deed in Dutch)

deed of 15-02-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“6 jaar, 3” (deed in Dutch)

deed of 15-02-2024

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Aandelen van de vennootschap” (deed in Dutch)

deed of 15-02-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of May at 19:00

deed of 15-02-2024

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Een of meer, benoeming vereffenaars” (deed in Dutch)
“Bevoegdheden vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)

deed of 15-02-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Aard van de aandelen, register van aandelen op naam” (deed in Dutch)
Other provision: “Aard van de andere effecten, register van effecten op naam van de categorie waartoe zij behoren” (deed in Dutch)
Other provision: “Ondeelbaarheid van de aandelen, bij splitsing in vruchtgebruik en blote eigendom worden rechten uitgeoefend door vruchtgebruiker” (deed in Dutch)
Other provision: “Bijeenroeping van de raad van bestuur, telkens belang van vennootschap dit vereist” (deed in Dutch)
Other provision: “Elke bestuurder kan aan één collega volmacht verlenen voor bepaalde raad om te vertegenwoordigen en te stemmen, besluitvorming van de raad…” (deed in Dutch)
Other provision: “Notulen van de raad van bestuur, bijzonder register” (deed in Dutch)
Other provision: “Bevoegdheden van de raad van bestuur, alle handelingen verrichten nodig of dienstig tot verwezenlijking van voorwerp van vennootschap” (deed in Dutch)
Other provision: “Dagelijks bestuur, raad kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Vergoeding van de bestuurders, niet bezoldigd behoudens andersluidende beslissing van algemene vergadering” (deed in Dutch)
Other provision: “Één of meer, controle financiële toestand,jaarrekening,regelmatigheid verrichtingen” (deed in Dutch)
Other provision: “Toelating algemene vergadering, houder effecten op naam ingeschreven in register categorie” (deed in Dutch)
Other provision: “Stemming per brief, bestuursorgaan ter beschikking gesteld” (deed in Dutch)
Other provision: “Samenstelling bureau, genoemde personen samen met aanwezige bestuurders” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, besluiten bij authentieke akte” (deed in Dutch)
Other provision: “Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, deelneming op afstand langs elektronische weg” (deed in Dutch)
Other provision: “Stemrecht, Artikel 32” (deed in Dutch)
Other provision: “Raad van bestuur, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Notulen algemene vergadering, aanwezigheidslijst,verslagen,volmachten,schriftelijke stemmingen” (deed in Dutch)
Other provision: “Bestemming van de winst, Artikel 36” (deed in Dutch)
Other provision: “Uitkering dividenden en interimdividenden, Artikel 37” (deed in Dutch)
Liquidation distribution: “Wijze van vereffening, Artikel 40” (deed in Dutch)
Other provision: “Elektronisch adres, Artikel 41” (deed in Dutch)
Other provision: “Rechtbanken van de zetel, vennootschapsaangelegenheden” (deed in Dutch)
Other provision: “Algemene vergadering, beraadslaging volgens regels wijziging statuten” (deed in Dutch)
Other provision: “Tenminste vijftien dagen vanaf openstelling intekening, aandelen waarop in geld wordt ingeschreven” (deed in Dutch)
Other provision: “Opvraging stortingen, aangetekende brief of gewone brief of opgegeven e-mailadres met bankrekening, bij overschrijving of storting bij…” (deed in Dutch)
8 more provisions in the deed, see the deed of 15-02-2024

deed of 15-02-2024