CASTAGNA CONSTRUCT
ActiveSummary
CASTAGNA CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275,540 and a net result of -€49,742. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
What they do
Bricklaying and masonry work
NACE 43910General construction of residential buildings NACE 41001General construction of buildings NACE 41201
1 site
How big
€446,686total assets 2025
- Equity
- €275,540
- Loss
- -€49,742
Turnover not published (abridged schema)
Who decides
Accounts 143 d early0 of 5 deeds read
Why 60- Higher-failure-rate sector- Higher-failure-rate region- Limited track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-68
Solvency87▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 3.22 against 6.8 in 2024; short-term debt: 28.6% and cash: 36.1% of total assets), and 38.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 10-03-2026, 143 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
143 d early
2024
115 d early
2023
92 d early
2022
28 d early
2021
10 d early
2020
18 d late
2019
52 d late
← 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 45 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 May (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€49,742
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €446,686Loss -€49,742Solvency 61.7%Liquidity 3.22
Total assets
€446,686▼ 8.5%
2018 - 2025
Net result
-€49,742
2018 - 2025
Equity
€275,540▼ 30.3%
2018 - 2025
Staff (FTE)
4.8▼ 15.8%
2019 - 2023
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€68,111▼ 76.8%€57,703▼ 15.3%-€15,080€22,038-€45,052
Net result€52,124above the sector's middle half▼ 78.0%€46,240above the sector's middle half▼ 11.3%-€20,398below the sector's middle half€17,924within the sector's middle half-€49,742below the sector's middle half
Equity€361,183above the sector's middle half▲ 1.4%€407,423above the sector's middle half▲ 12.8%€372,026above the sector's middle half▼ 8.7%€395,281above the sector's middle half▲ 6.3%€275,540above the sector's middle half▼ 30.3%
Total assets€635,218above the sector's middle half▼ 2.6%€630,635above the sector's middle half▼ 0.7%€563,743above the sector's middle half▼ 10.6%€488,207above the sector's middle half▼ 13.4%€446,686above the sector's middle half▼ 8.5%
Debt€274,035▼ 7.4%€223,211▼ 18.5%€191,717▼ 14.1%€92,926▼ 51.5%€171,146▲ 84.2%
Working capital€365,694above the sector's middle half▲ 17.4%€371,680above the sector's middle half▲ 1.6%€347,316above the sector's middle half▼ 6.6%€362,230above the sector's middle half▲ 4.3%€284,084above the sector's middle half▼ 21.6%
Solvency56.9%within the sector's middle half▲ 2.2pp64.6%within the sector's middle half▲ 7.7pp66.0%within the sector's middle half▲ 1.4pp81.0%above the sector's middle half▲ 15.0pp61.7%within the sector's middle half▼ 19.3pp
Current ratio2.95within the sector's middle half▲ 0.783.92above the sector's middle half▲ 0.963.75above the sector's middle half▼ 0.176.80above the sector's middle half▲ 3.053.22within the sector's middle half▼ 3.58
Return on assets (ROA)8.2%within the sector's middle half▼ 28.1pp7.3%within the sector's middle half▼ 0.9pp-3.6%below the sector's middle half▼ 11.0pp3.7%within the sector's middle half▲ 7.3pp-11.1%below the sector's middle half▼ 14.8pp
Staff (FTE)5▲ 4.2%5.7▲ 14.0%4.8▼ 15.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €45,052 after €22,038 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,686
Fixed assets
€34,827 ▼ 45.2%
Current assets
€411,859 ▼ 3.0%
Equity and liabilities €446,686
Equity
€275,540 ▼ 30.3%
Debt
€171,146 ▲ 84.2%
Debt's share of the balance-sheet total rises from 19.0% to 38.3%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€16,338▼
2024 · €52,023
Cash flow
-€21,028▼
2024 · €47,908
Quick ratio
2.22▼
2024 · 5.63
Debt to equity
0.62▲
2024 · 0.24
ROE
-18.1%▼
2024 · 4.5%
Interest coverage
-3.48▼
2024 · 13.56
Debt ≤ 1 year
€127,775▲
2024 · €62,436
Debt > 1 year
€43,359▲
2024 · €30,490
Staff costs
€104,719▼
2024 · €152,255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
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 1.3% 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 497,341 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% | 1.0% |
| 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% 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 3,592 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €197,654 | €215,689 | €200,120 | €152,255 | €104,719 | ▼ 31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,604 | €34,110 | €43,894 | €29,984 | €28,714 | ▼ 4.2% |
| Other operating charges640/8 | €2,164 | €1,387 | €1,387 | €4,080 | €1,655 | ▼ 59.4% |
| Gross operating margin9900 | €290,534 | €308,889 | €230,321 | €208,358 | €90,036 | ▼ 56.8% |
| Operating profit (loss)9901 | €68,111 | €57,703 | -€15,080 | €22,038 | -€45,052 | ▼ 304% |
| Financial income75/76B | €168 | - | €182 | - | - | - |
| Recurring financial income75 | €168 | - | €182 | - | - | - |
| Financial charges65/66B | €2,992 | €4,438 | €5,226 | €3,836 | €4,690 | ▲ 22.3% |
| Recurring financial charges65 | €2,992 | €4,438 | €5,226 | €3,836 | €4,690 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €65,288 | €53,265 | -€20,125 | €18,202 | -€49,742 | ▼ 373% |
| Income taxes67/77 | €13,164 | €7,025 | €273 | €278 | - | - |
| Profit (loss) for the period9904 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | ▼ 378% |
| Profit (loss) for the period to be appropriated9905 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | ▼ 378% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €635,218 | €630,635 | €563,743 | €488,207 | €446,686 | ▼ 8.5% |
| Fixed assets21/28 | €82,294 | €131,578 | €90,076 | €63,541 | €34,827 | ▼ 45.2% |
| Tangible fixed assets22/27 | €82,294 | €131,578 | €90,076 | €63,541 | €34,827 | ▼ 45.2% |
| Plant, machinery and equipment23 | €52,553 | €40,825 | €29,570 | €20,942 | €8,640 | ▼ 58.7% |
| Furniture and vehicles24 | €4,846 | €28,105 | €21,407 | €14,871 | €9,831 | ▼ 33.9% |
| Leasing and similar rights25 | €24,894 | €62,648 | €39,098 | €27,727 | €16,356 | ▼ 41.0% |
| Current assets29/58 | €552,925 | €499,056 | €473,667 | €424,666 | €411,859 | ▼ 3.0% |
| Stocks and contracts in progress3 | €68,527 | €74,825 | €70,039 | €73,063 | €128,630 | ▲ 76.1% |
| Stocks30/36 | €68,527 | €74,825 | €70,039 | €73,063 | €128,630 | ▲ 76.1% |
| Amounts receivable within one year40/41 | €129,471 | €114,209 | €90,001 | €161,590 | €111,035 | ▼ 31.3% |
| Trade receivables40 | €47,827 | €60,365 | €86,607 | €99,922 | €96,035 | ▼ 3.9% |
| Other amounts receivable41 | €81,644 | €53,844 | €3,394 | €61,668 | €15,000 | ▼ 75.7% |
| Cash at bank and in hand54/58 | €345,517 | €298,230 | €270,364 | €183,963 | €161,242 | ▼ 12.4% |
| Deferred charges and accrued income490/1 | €9,410 | €11,792 | €43,263 | €6,050 | €10,951 | ▲ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €635,218 | €630,635 | €563,743 | €488,207 | €446,686 | ▼ 8.5% |
| Equity10/15 | €361,183 | €407,423 | €372,026 | €395,281 | €275,540 | ▼ 30.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €141,860 | €141,860 | €141,860 | €141,860 | €71,860 | ▼ 49.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €140,000 | €140,000 | €140,000 | €141,860 | €71,860 | ▼ 49.3% |
| Profit (loss) carried forward14 | €213,123 | €259,363 | €223,966 | €234,821 | €185,080 | ▼ 21.2% |
| Amounts payable17/49 | €274,035 | €223,211 | €191,717 | €92,926 | €171,146 | ▲ 84.2% |
| Amounts payable after more than one year17 | €86,098 | €95,835 | €65,366 | €30,490 | €43,359 | ▲ 42.2% |
| Financial debts170/4 | €86,098 | €95,835 | €65,366 | €30,490 | €43,359 | ▲ 42.2% |
| Amounts payable within one year42/48 | €187,230 | €127,377 | €126,351 | €62,436 | €127,775 | ▲ 105% |
| Current portion of amounts payable after more than one year42 | €31,544 | €41,337 | €38,601 | €34,876 | €24,828 | ▼ 28.8% |
| Trade debts44 | €82,479 | €24,595 | €10,302 | €5,500 | €6,513 | ▲ 18.4% |
| Suppliers440/4 | €82,479 | €24,595 | €10,302 | €5,500 | €6,513 | ▲ 18.4% |
| Taxes, remuneration and social security45 | €31,340 | €19,578 | €15,895 | €14,361 | €17,919 | ▲ 24.8% |
| Taxes450/3 | €8,230 | - | €478 | €902 | €5,810 | ▲ 544% |
| Remuneration and social security454/9 | €23,110 | €19,578 | €15,416 | €13,460 | €12,109 | ▼ 10.0% |
| Other amounts payable47/48 | €41,867 | €41,867 | €61,553 | €7,699 | €78,516 | ▲ 920% |
| Accrued charges and deferred income492/3 | €706 | - | - | - | €12 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | ▼ 378% |
| + Depreciation and write-downs630 | €22,604 | €34,110 | €43,894 | €29,984 | €28,714 | ▼ 4.2% |
| Operating cash flow (approximation) | €74,728 | €80,349 | €23,496 | €47,908 | -€21,028 | ▼ 144% |
| Investment in fixed assets (approximation) | - | -€83,394 | -€2,391 | -€3,449 | €0 | ▲ 100% |
| Change in cash | - | -€47,287 | -€27,865 | -€86,401 | -€22,721 | ▲ 73.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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BAUTERS JAN
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Of 11,139 companies in this sector we hold annual accounts for 5,493. 4,267 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 10-03-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€49,742
Net result drops to -€49,742, the lowest in the series.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17,924
Net result €17,924 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €236,684 ▲77.3%
Operating result €294,080, net result €236,684, both a record.
31-12
Financial
Equity above €200,000Eq €356,060 ▲123%
3 profitable years in a row build equity to €356,060.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Equity above €150,000Eq €159,376 ▲85.5%
2 profitable years in a row build equity to €159,376.
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 register with a recognition
Registered contractor
15
categories
Recognitions · licences · registrations
Recognised contractor
15 categoriesCASTAGNA CONSTRUCT SRLapproval no. 42555
Company details
Private limited company · founded 26-01-2018Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded26-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43120Site preparation
43230Insulation installation
43331Floor and wall tiling
43990Other specialised construction activities
Contact
E-mail
castagnaconstructsprl@hotmail.com
Phone
0494/292405La Louvière
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688943785
Also
9925:BE0688943785
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2018
Ground area
563 m²
Parcel 55026A0215/00N002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Castagna construct
since 2018unit no. 2.274.470.450
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55026A0215/00N002 | Wallonia | 563 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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