CIA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of CIA CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €1,798 and a net result of -€894. Equity has been growing by about 4.2% per year since 2022. Its solvency ranks better than 24% of 34,946 sector peers (NACE 43, 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 18-03-2022 Normal situation
- Activity
- Other specialised construction activities NACE 43990
- Establishment unit
- 2.331.668.281 1020 Brussel, since 18-03-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 19-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
- Gross margin
- €2,997
- ▼ 61.7%
- Turnover
- ≈ €41,000
- estimated
- Loss
- €894
- Equity
- €1,798
- ▼ 33.2%
- Total assets
- €8,080
- ▼ 25.2%
Score breakdownraises risk1 of the last 3 accounts lateFounded in 2022Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €8,080Show 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 43, micro). It does better than 24% of them on solvency, 6% on liquidity, 26% on profitability and 13% on growth.
The bankruptcy probability was computed on 01-11-2026 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 4 accounts on average 36 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is a loss of €772, after a profit of €1,384 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €16,529 | - | €0 | - |
| Depreciation and write-downs of the year | €1,804 | €5,509 | €5,510 | €3,707 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,804 | €5,509 | €5,510 | €3,707 | ▼ 32.7% |
| Other operating charges640/8 | €518 | €565 | €927 | €62 | ▼ 93.3% |
| Gross operating margin9900 | €1,486 | €6,604 | €7,821 | €2,997 | ▼ 61.7% |
| Operating profit (loss)9901 | -€836 | €530 | €1,384 | -€772 | - |
| Financial income75/76B | - | - | €1 | €103 | ▲ 144× |
| Recurring financial income75 | - | - | €1 | €103 | ▲ 144× |
| Financial charges65/66B | -€12 | €421 | €136 | €225 | ▲ 66.2% |
| Recurring financial charges65 | -€12 | €421 | €136 | €225 | ▲ 66.2% |
| Profit (loss) for the period before taxes9903 | -€824 | €109 | €1,249 | -€894 | - |
| Income taxes67/77 | - | - | €343 | - | - |
| Profit (loss) for the period9904 | -€824 | €109 | €906 | -€894 | - |
| Profit (loss) for the period to be appropriated9905 | -€824 | €109 | €906 | -€894 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,571 | €24,112 | €10,797 | €8,080 | ▼ 25.2% |
| Fixed assets21/28 | €14,725 | €9,216 | €3,707 | - | - |
| Tangible fixed assets22/27 | €14,725 | €9,216 | €3,707 | - | - |
| Furniture and vehicles24 | €14,725 | €9,216 | €3,707 | - | - |
| Current assets29/58 | €24,846 | €14,896 | €7,091 | €8,080 | ▲ 14.0% |
| Amounts receivable within one year40/41 | €1,342 | €14,314 | €3,156 | €8,029 | ▲ 154% |
| Trade receivables40 | €840 | €10,431 | €295 | €1,594 | ▲ 440% |
| Other amounts receivable41 | €502 | €3,883 | €2,861 | €6,435 | ▲ 125% |
| Cash at bank and in hand54/58 | €23,504 | €582 | €3,935 | €51 | ▼ 98.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,571 | €24,112 | €10,797 | €8,080 | ▼ 25.2% |
| Equity10/15 | €1,676 | €1,785 | €2,692 | €1,798 | ▼ 33.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€824 | -€715 | €192 | -€702 | - |
| Amounts payable17/49 | €37,895 | €22,327 | €8,106 | €6,282 | ▼ 22.5% |
| Amounts payable within one year42/48 | €37,895 | €22,327 | €8,106 | €6,282 | ▼ 22.5% |
| Trade debts44 | €585 | €14,791 | €5,150 | €4,987 | ▼ 3.2% |
| Suppliers440/4 | €585 | €14,791 | €5,150 | €4,987 | ▼ 3.2% |
| Taxes, remuneration and social security45 | €7,627 | €1,980 | €2,600 | €1,295 | ▼ 50.2% |
| Taxes450/3 | €7,627 | €1,980 | €2,600 | €1,295 | ▼ 50.2% |
| Remuneration and social security454/9 | - | - | - | €0 | - |
| Other amounts payable47/48 | €29,683 | €5,556 | €356 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€824 | €109 | €906 | -€894 | - |
| + Depreciation and write-downs630 | €1,804 | €5,509 | €5,510 | €3,707 | ▼ 32.7% |
| Operating cash flow (approximation) | €980 | €5,618 | €6,416 | €2,813 | ▼ 56.2% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | - | - |
| Change in cash | - | -€22,922 | €3,353 | -€3,884 | - |
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, 1,207 companies had the same profile as CIA CONSTRUCT has now. Two years later, 4.6% had gone bankrupt and 90.1% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CIA CONSTRUCT itself: 2.6% within 12 months.
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 1,207 companies, not a prediction for CIA CONSTRUCT. 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
- Ilie Albu all shares
- Bursuc Ciprian to Ilie Albu
- Gula Constantin to Ilie Albu
- Botez Timotei to Ilie Albu
- Albu llie 50 shares
- Botez Timotei 50 shares
- Albu llie to Botez Timotei 50 shares
- SMINTANCA Stéfan to ALBU Ilie 25%
Mandate history
- Board
- Other function
- end not dated
| Name | Functions and periods |
|---|---|
| ALBU Ilie |
|
| Botez Timotei |
|
| SMINTANCA Stéfan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Tous actes nécessaires ou utiles à l’accomplissement de l’objet sauf loi réserve assemblée générale, 1”
Articles of association, deed of 22-03-2022 (in French)
Network & group
CIA CONSTRUCT shares no director with another company.
Companies at the same address
7 other companies- Albu, Ilie (sole trader) Establishment · since 2026 1032481955
- Negriloiu, Nicuşor-Adrian (sole trader) Establishment · since 2026 1031921236
- AGA CLUCI Registered office · since 2024 1010183239
- Sali, Mertol (sole trader) Establishment · since 2024 1007498319
- Pinzari, Daniel (sole trader) Establishment · since 2017 0671878814
- Cluci, Vasile (sole trader) Establishment · since 2012 0875010967
- COREX.BE Registered office · since 2009 0807314073
Connections & network
1 current directorThe network starts from the directors of CIA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-07
Gazette deed
Resignation: Botez Timotei (director)Share transfer · Shareholding8 points ▸
- General meeting, 25-06-2025
- Director in office, Ilie Albu (director)
- Share transfer, Bursuc Ciprian → Ilie Albu
- Other provision, “associé, resignation as associate” (deed in French), mentioned 2 times in the deed
- Share transfer, Gula Constantin → Ilie Albu
- Share transfer, Botez Timotei → Ilie Albu
- Director resignation, Botez Timotei (director)
- Ilie Albu holds all the shares
06-12
Gazette deed
Transfer of 50 sharesAppointment: Botez Timotei (director) · Shareholding7 points ▸
- General meeting, 18-11-2024
- Director appointment, Botez Timotei (director)
- Share transfer, Albu llie → Botez Timotei
- Board composition, Albu llie (director)
- Board composition, Botez Timotei (director)
- Albu llie holds 50 shares
- Botez Timotei holds 50 shares
27-05
Gazette deed
Registered office moved from Halle to Laeken2 points ▸
- General meeting, 02-05-2024
- Registered-office move, 1020 Laeken,rue Léopold 1er 142
19-12
Gazette deed
Resignation: SMINTANCA Stéfan (beheerder en technisch directeur)Share transfer3 points ▸
- Board meeting, 05-12-2022
- Director resignation, SMINTANCA Stéfan (beheerder en technisch directeur)
- Share transfer, SMINTANCA Stéfan → ALBU Ilie
07-06
Gazette deed
Registered officeRegistered-office move2 points ▸
- Board meeting, 18-05-2022
- Registered-office move, 1500Halle-Volpestraat34
12-05
Gazette deed
Appointment: Smintanca Stéfan (administrateur et directeur technique)Share transfer · Shareholding4 points ▸
- Board meeting, 01-04-2022
- Director appointment, Smintanca Stéfan (administrateur et directeur technique)
- Share transfer, Albu ilie → Smintanca Stéfan
- Smintanca Stéfan holds 625 shares
22-03
Gazette deed
IncorporationAppointment: ALBU Ilie (director) · Founding capital · Founder14 points ▸
- Other provision, “déclaration de cohabitation légale, célibataire” (deed in French)
- Incorporation, 18-03-2022
- Founding capital, €2,500
- Other provision, “plan financier, article 5:4.CSA” (deed in French)
- Other provision, “capitaux propres suffisants à la lumière de l’activité projetée, autres sources de financement” (deed in French)
- Other provision, “avantages particuliers attribués au fondateur ou à une personne ayant participé directement ou indirectement à la constitution” (deed in French)
- Other provision, “TVAC, frais,dépenses,rémunérations et charges incombant à la société en raison de sa constitution” (deed in French)
- Other provision, “autorisations préalables, attestations autorisations ou licences préalables possibles selon règles administratives” (deed in French)
- Director appointment, ALBU Ilie (director (not named in the articles))
- Other provision, “pas pour l’instant, coordonnées société” (deed in French)
- Other provision, “certification identité comparant, carte d’identité” (deed in French)
- Other provision, “droit d’écriture”, 95 (deed in French)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1500 Halle until 02-05-2024 · act of 27-05-2024
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 0783.594.110
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21815D0065/00C003 | Brussels | 167 m² | 1 · 114 m² | 16.9 m · 4 |