CHAPE STRUCTURE
ActiveSummary
The computed 12-month bankruptcy probability of CHAPE STRUCTURE is 2.9% (moderate). The 2025 annual accounts show equity of €38,335 and a net result of €1,500. Equity has been growing by about 12% per year since 2023. Its solvency ranks better than 72% of 2,797 sector peers (NACE 41, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-09-2022 Normal situation
- Registered office
- 107 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.335.859.176 since 13-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.9%
- Gross margin
- €39,122
- ▼ 8.1%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €1,500
- ▼ 78.7%
- Equity
- €38,335
- ▲ 4.1%
- Total assets
- €63,745
- ▲ 7.0%
- Staff
- ≈ 0.8 FTE
- estimated
Score breakdownraises riskFounded in 2022Size: total assets €63,745Sector: Construction of residential and non-residential buildings (NACE 41)1 of the last 3 accounts lateShow the evidence
Checked score
About 3 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 69% of them on solvency, 43% on liquidity, 45% on profitability and 45% 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 13 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, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 90% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €2,833 | €2,291 |
| Depreciation and write-downs of the year | - | €549 | €1,715 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €25,826 | €35,786 | ▲ 38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €549 | €1,715 | ▲ 212% |
| Other operating charges640/8 | - | €4,200 | €400 | ▼ 90.5% |
| Gross operating margin9900 | €31,120 | €42,561 | €39,122 | ▼ 8.1% |
| Operating profit (loss)9901 | €31,120 | €11,986 | €1,221 | ▼ 89.8% |
| Financial income75/76B | - | €234 | €456 | ▲ 94.6% |
| Recurring financial income75 | - | €234 | €456 | ▲ 94.6% |
| Financial charges65/66B | €317 | €96 | €133 | ▲ 38.4% |
| Recurring financial charges65 | €317 | €96 | €133 | ▲ 38.4% |
| Profit (loss) for the period before taxes9903 | €30,802 | €12,124 | €1,544 | ▼ 87.3% |
| Income taxes67/77 | €6,000 | €5,092 | €44 | ▼ 99.1% |
| Profit (loss) for the period9904 | €24,802 | €7,032 | €1,500 | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €24,802 | €7,032 | €1,500 | ▼ 78.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €196,924 | €59,571 | €63,745 | ▲ 7.0% |
| Fixed assets21/28 | - | €2,284 | €2,861 | ▲ 25.2% |
| Tangible fixed assets22/27 | - | €2,284 | €2,861 | ▲ 25.2% |
| Furniture and vehicles24 | - | €2,284 | €2,861 | ▲ 25.2% |
| Current assets29/58 | €196,924 | €57,287 | €60,885 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €191,901 | €55,924 | €53,940 | ▼ 3.5% |
| Trade receivables40 | €170,531 | €45,124 | €43,671 | ▼ 3.2% |
| Other amounts receivable41 | €21,371 | €10,800 | €10,269 | ▼ 4.9% |
| Cash at bank and in hand54/58 | €5,023 | €1,040 | €6,889 | ▲ 562% |
| Deferred charges and accrued income490/1 | - | €323 | €56 | ▼ 82.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €196,924 | €59,571 | €63,745 | ▲ 7.0% |
| Equity10/15 | €29,802 | €36,835 | €38,335 | ▲ 4.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | €5,000 | €5,000 | €5,000 | = |
| Other1109/19 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €24,802 | €31,835 | €33,335 | ▲ 4.7% |
| Amounts payable17/49 | €167,122 | €22,737 | €25,411 | ▲ 11.8% |
| Amounts payable within one year42/48 | €167,122 | €22,737 | €25,411 | ▲ 11.8% |
| Trade debts44 | €92,121 | €4,107 | €792 | ▼ 80.7% |
| Suppliers440/4 | €92,121 | €4,107 | €792 | ▼ 80.7% |
| Taxes, remuneration and social security45 | €74,851 | €18,629 | €24,619 | ▲ 32.2% |
| Taxes450/3 | €27,666 | €10,553 | €1,004 | ▼ 90.5% |
| Remuneration and social security454/9 | €47,185 | €8,076 | €23,616 | ▲ 192% |
| Other amounts payable47/48 | €149 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,802 | €7,032 | €1,500 | ▼ 78.7% |
| + Depreciation and write-downs630 | - | €549 | €1,715 | ▲ 212% |
| Operating cash flow (approximation) | €24,802 | €7,581 | €3,215 | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | - | -€2,291 | - |
| Change in cash | - | -€3,983 | €5,849 | - |
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, 2,546 companies had the same profile as CHAPE STRUCTURE has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CHAPE STRUCTURE itself is higher: 2.9% within 12 months. It rests on far more data about CHAPE STRUCTURE than the profile alone.
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 2,546 companies, not a prediction for CHAPE STRUCTURE. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- Olaraş Nicolai to Negru lon
- OLARA Nicolai 100 shares (100%) · €5,000
Capital transactions
- 15-09-2022 Incorporation · €5,000 · 100 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Negru Ion |
|
| Olaraş Nicolai |
|
| OLARA Nicolai |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid aantal bij meer kopers, elke overdracht onder levenden ten bezwarende of kosteloze titel…”
Articles of association, deed of 15-09-2022 (in Dutch)
Network & group
CHAPE STRUCTURE shares no director with another company.
Companies at the same address
106 other companies- DINA COMPANY Establishment · since 2026 1012722263
- FN Bouw Registered office · since 2026 1041060913
- NF Bouw Registered office · since 2026 1041060814
- DomiX FN Registered office · since 2026 1040885818
- CNA CONSTRUCT Registered office · since 2026 1040012422
- FNA CONSTRUCT Registered office · since 2026 1039879095
- BKD Company Registered office · since 2026 1039302936
- VD Building Registered office · since 2026 1039233452
- AREA CARS Registered office · since 2026 1038918993
- LARA CONSTRUCT Registered office · since 2026 1038899593
Connections & network
1 current directorThe network starts from the directors of CHAPE STRUCTURE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-02
Gazette deed
Registered office moved from Ternat to GrimbergenNew seat: Mutsaardplein 2 1853 Grimbergen · Previous seat: Statiestraat 19 1740 Ternat · Resignation: Olaraş Nicolai (director)5 points ▸
- General meeting, 13-12-2023
- Director resignation, Olaraş Nicolai (director)
- Share transfer, Olaraş Nicolai → Negru lon
- Registered-office move, Mutsaardplein 2 1853 Grimbergen
- Other provision, “bijlagen bij Belgisch Staatsblad”, 13 (deed in Dutch)
15-09
Gazette deed
IncorporationStarting capital €5,000 · Appointment: OLARA Nicolai (director) · Founder14 points ▸
- Founder, OLARA Nicolai (comparant/oprichter)
- Other provision, “financieel plan, aanvangsvermogen met het oog op voorgenomen activiteiten” (deed in Dutch)
- Other provision, “breed maatschappelijk doel omvattende groot aantal activiteiten in verscheidene domeinen, verantwoordelijkheid oprichters bij faillissement binnen 3 jaar te rek…” (deed in Dutch)
- Incorporation, “CHAPE STRUCTURE” (deed in Dutch)
- Founding capital, €5,000
- OLARA Nicolai holds all the shares
- Kind of shares, “inbrengen”, 100 (deed in Dutch)
- Registered office clause, “1740 Ternat,Statiestraat 19” (deed in Dutch)
- Other provision, “chapestructure@gmail.com, website en e-mailadres” (deed in Dutch)
- Other provision, “waarschuwing comparanten, door notaris verwittigd” (deed in Dutch)
- General meeting, “buitengewone algemene vergadering, aanstonds na oprichting” (deed in Dutch)
- Board rule, 1
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 13 September 2022, CHAPE STRUCTURE was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2024 the registered office moved to Grimbergen.3 Negru Ion has served as director since 2022.4 Total assets went from €196,924 in 2023 to €63,745 in 2025.5
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Statiestraat 19, 1740 Ternat until 13-12-2023 · act of 13-02-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 0790.761.024
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 |
| 23086E0183/00H002 | Flanders | 391 m² | 1 · 88 m² | 11.5 m · 3 |