CASTAGNA CONSTRUCT
ActiveSummary
CASTAGNA CONSTRUCT has been active since 2018 and the Belgian Official 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 about 6.8% per year across the filed financial years. Its solvency ranks better than 67% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Staff
- ≈ 1.8 FTE, estimated
- Equity
- €275,540
- Loss
- -€49,742
Why 80raises riskLoss of €49,742 (financial year 2025)1 change of registered office in 24 monthslowers riskLiquidity: current ratio 3.22, cash €161,242Figures for financial year 2025 (filed 10-03-2026)Show the evidence
Checked score
About 6 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 67% on solvency, 81% on liquidity, 10% on profitability and 14% 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 7 accounts on average 45 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 · micro…
- Weakest financial yearnet -€49,742
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €45,052 after €22,038 in 2024, the lowest 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.
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.
Average staff in full-time equivalents (FTE).
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), Staff (FTE).
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,591 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 | 2018 | 2019 | 2020 | 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 | €615 | €14,863 | €14,915 | €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 | €176,504 | €369,781 | €529,186 | €290,534 | €308,889 | €230,321 | €208,358 | €90,036 | ▼ 56.8% |
| Operating profit (loss)9901 | €144,441 | €206,690 | €294,080 | €68,111 | €57,703 | -€15,080 | €22,038 | -€45,052 | - |
| 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 | €73 | €1,296 | €1,546 | €2,992 | €4,438 | €5,226 | €3,836 | €4,690 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €144,368 | €205,393 | €292,535 | €65,288 | €53,265 | -€20,125 | €18,202 | -€49,742 | - |
| Income taxes67/77 | €30,221 | €71,922 | €55,851 | €13,164 | €7,025 | €273 | €278 | - | - |
| Profit (loss) for the period9904 | €114,148 | €133,472 | €236,684 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | - |
| Profit (loss) for the period to be appropriated9905 | €114,148 | €133,472 | €236,684 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €197,749 | €408,313 | €651,908 | €635,218 | €630,635 | €563,743 | €488,207 | €446,686 | ▼ 8.5% |
| Fixed assets21/28 | €36,416 | €58,995 | €74,658 | €82,294 | €131,578 | €90,076 | €63,541 | €34,827 | ▼ 45.2% |
| Tangible fixed assets22/27 | €36,256 | €58,835 | €74,498 | €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% |
| Financial fixed assets28 | €160 | €160 | €160 | - | - | - | - | - | - |
| Current assets29/58 | €161,333 | €349,318 | €577,251 | €552,925 | €499,056 | €473,667 | €424,666 | €411,859 | ▼ 3.0% |
| Stocks and contracts in progress3 | €0 | - | - | €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 | €85,686 | €75,778 | €124,571 | €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 | €72,985 | €271,025 | €442,563 | €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 | €197,749 | €408,313 | €651,908 | €635,218 | €630,635 | €563,743 | €488,207 | €446,686 | ▼ 8.5% |
| Equity10/15 | €85,904 | €159,376 | €356,060 | €361,183 | €407,423 | €372,026 | €395,281 | €275,540 | ▼ 30.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €71,860 | €141,860 | €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 | €77,844 | €81,316 | €208,000 | €213,123 | €259,363 | €223,966 | €234,821 | €185,080 | ▼ 21.2% |
| Amounts payable17/49 | €111,845 | €248,937 | €295,849 | €274,035 | €223,211 | €191,717 | €92,926 | €171,146 | ▲ 84.2% |
| Amounts payable after more than one year17 | €25,900 | €45,260 | €30,015 | €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 | €85,266 | €203,677 | €265,834 | €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 | €8,899 | €96,796 | €58,294 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,148 | €133,472 | €236,684 | €52,124 | €46,240 | -€20,398 | €17,924 | -€49,742 | - |
| + Depreciation and write-downs630 | €615 | €14,863 | €14,915 | €22,604 | €34,110 | €43,894 | €29,984 | €28,714 | ▼ 4.2% |
| Operating cash flow (approximation) | €114,762 | €148,334 | €251,599 | €74,728 | €80,349 | €23,496 | €47,908 | -€21,028 | - |
| Investment in fixed assets (approximation) | - | -€37,442 | -€30,578 | -€30,240 | -€83,394 | -€2,391 | -€3,449 | €0 | - |
| Change in cash | - | €198,039 | €171,538 | -€97,046 | -€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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-03-2026 | 2026-00051518 |
| 31-12-2024 | micro format | 07-04-2025 | 2025-00064400 |
| 31-12-2023 | micro format | 30-04-2024 | 2024-00075274 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00188292 |
| 31-12-2021 | micro format | 21-07-2022 | 2022-20214181 |
| 31-12-2020 | micro format | 18-08-2021 | 2021-50600194 |
| 31-12-2019 | micro format | 21-09-2020 | 2020-54800137 |
| 31-12-2018 | micro format | 11-10-2019 | 2019-70000018 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CASTAGNA Salvatore |
|
Owners and capital
Capital and shareholders
- 15-10-2024 Converted to unavailable equity · €8,060
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 12-08-2025
- Registered-office move, Rue Louis Penninck, 7 7110 Maurage
15-10
Gazette deed
Resignation: CASTAGNA Salvatore (manager)Appointment: CASTAGNA Salvatore (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 18-04-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer le compte de capitaux propres statutairement indisponible créé en application de l’article 39,§2,deuxième alinéa, fonds disponibles pour distribution” (deed in French)
- Capital
- Director resignation, CASTAGNA Salvatore (manager)
- Director appointment, CASTAGNA Salvatore (director (not named in the articles))
- Other provision, “décharge au gérant démissionnaire, décision reportée” (deed in French)
- Registered office clause, “7100 La Louvière (Trivières) Rue Antoine de Namur n° 9, toute communication vers cette adresse par actionnaires,titulaires de titres émis par société et titulai…” (deed in French)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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 0688.943.785
Recognitions · licences · registrations
Recognised contractor
15 categories- C1 Ordinary sewer worksclass 1, up to €162,000
- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- C6 Laying power and telecom cables in trenchesclass 1, up to €162,000
- C7 Horizontal pipe jacking for cables and pipesclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D21 Cleaning and restoring facadesclass 1, up to €162,000
- E1 Trunk sewersclass 1, up to €162,000
Show all 15 categories
- G General earthworks contractsclass 1, up to €162,000
- G2 Drainage worksclass 1, up to €162,000
- G3 Plantingclass 1, up to €162,000
- G4 Special surfaces for sports groundsclass 1, up to €162,000
- G5 Demolitionclass 1, up to €162,000
- L1 Pipework installationsclass 1, up to €162,000
- P3 Overhead power linesclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55026A0215/00N002 | Wallonia | 563 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'entreprise de plafonnage,peinture,ravalement de façade,la maçonnerie,la construction,la rénovation,la démolition,la pose de couvertures…” (deed in French)
35 activities (deed in French)
- L'entreprise de plafonnage,peinture,ravalement de façade,la maçonnerie,la construction,la rénovation,la démolition,la pose de couvertures non métalliques,le placement,la réfection,l'entretien des chapes,carrelages et tous revêtement de sols et de murs,pose de châssis,volets,.20 vérandas en aluminium et en PVC,commerce de détail de châssis et portes (bois,PVC,alu..).
- Entreprise de travaux de vitrerie,de pose de glaces,miroiteries,vitraux et la mise en oeuvre de tous matériaux translucide ou transparents
- Entreprise de construction,de réfection et d'entretien des routes
- Entreprise de travaux d'égout
- Entreprise de travaux de pose de câbles et de canalisation diverses
- Entreprise d'installation de signalisation routière et de marquage des routes
- Entreprise d'aménagement de plaines de jeux,de sport,de parcs et de jardins
- Entreprise de terrassement
- Entreprise d'installation d'échafaudages,de rejointoyage et de nettoyage de façades
- Entreprise de nettoyage et de désinfection de maisons et de locaux,meubles,ameublement et objets divers
- Entreprise de ramonage de cheminées
- Entreprise de placement de clôtures
- Entreprise de peintures industrielles
- Entreprise d'isolation thermique et acoustique.(à l'exclusion des travaux effectués par asphaltage et bitumage)
- Entreprise de travaux d'assèchement de constructions (autre que par le bitume et l'asphaltage)
- Entreprise de placement de ferronnerie,de volets et de menuiserie métallique
- Entreprise de travaux de drainage
- Entreprise de pose de plaques de gyproc (article 6 de l'Arrêté Royal du 31 août 1964 )
- Entreprise de démoussage de toitures
- Entreprise d'installation de cuisines équipées (à l'exclusion des activités réglementées)
- Entreprise de recouvrement de corniches en PVC
- Ébéniste
- Atelier de restauration de meubles
- Entreprise de charpenterie et de menuiserie du bâtiment uniquement la fabrication et la pose de parquet
- Fabrication et garnissage de meubles non métalliques
- Entreprise de fabrication et de placement de volets en bois
- Entreprise de placement d'adoucisseurs d'eau
- Entreprise d'installation de panneaux solaires
- Entreprise de fabrication et d'installation de pompes à chaleur (chauffage solaire)
- Entreprise de placement,d'entretien et de réparation de tous brûleurs,uniquement les réparations effectuées à l'occasion de l'entretien des brûleurs ainsi que les remplacement des pièces défectueuses à l'exclusion du brûleur en son entier (Arrêté royal du 8 juin 1979 article 2 paragraphe 2 chauffage central)
- Construction métallique
- Entreprise d'installation de ventilation et d'aération,de chauffage à air chaud,de conditionnement d'air et de tuyauteries industrielles
- Atelier spécial de l'industrie des fabrications métalliques
- Atelier de réparation de matériel électrique et radio électrique,d'appareils automatiques de distribution et de jeux mécaniques (uniquement pour le courant faible)
- Fabrication d'appareils d'alarme et de sécurité,d'appareils utilisés dans un système d'alarme ou de sécurité (y compris le placement et uniquement sur le véhicule)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CASTAGNA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement, écrit par pli recommandé” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale délibérant dans formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et à quelque moment que ce soit, faculté de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)