Equity
€297,234 ▲ 71.1%
CLASS has made a profit in every financial year since 2012.
CLASS
Lifetime
14 annual accounts with figures on one time axispeak €582,383 (2025)
€582,383▲ 182%
peak €123,545 (2025)
€123,545▲ 13×
peak €297,234 (2025)
€297,234▲ 71.1%
€1.1m▲ 18.0%
peak 1 FTE (2024)
1 FTEunchanged
Board1 name since 2022
-
Documentsfilings and deeds
30-04-2026on the last day
2025financial year
Turnover from €206,438 to €582,383Gross margin from €174,271 to €268,542Result from €9,642 to €123,545Equity from €173,690 to €297,234Debts from €917,362 to €1.1mCash from €5,160 to €359,212
Key points
from the 2025 annual accountsTurnover
€582,383 ▲ 182%
Turnover rose in 2025 from €206,438 to €582,383.
Debts
€1.1m 78% of the balance sheet
Financial debts 40%Suppliers 29%Taxes and wages 8%Other 23%
Of this, €683,106 falls due within a year.
Payment terms
365 days to suppliers
CLASS pays its suppliers 228 days earlier than in 2024. Customers pay 23 days earlier.
Liquidity
0.60 was 0.20 in 2024
Short-term debts rose from €471,113 to €683,106.
Filings
14 annual accounts since 2012
Four of the last ten came late. The 2022 accounts came latest: 15 days after the end of the period.
Checked score
85
Excellent
Financially stronger than 63% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.3 percentage points vs 03-2025
05-2025: 1.2%▲ +0.3 percentage points vs 04-2025
06-2025: 1.1%▼ -0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.2%▲ +0.1 percentage points vs 11-2025
01-2026: 1.3%▲ +0.1 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.3 percentage points vs 03-2026
05-2026: 2.4%▲ +0.8 percentage points vs 04-2026highest value
06-2026: 0.4%▼ -2.0 percentage points vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Figures for financial year 2025 (filed on 08-05-2026)
Founded in 2010
Liquidity: current ratio 0.60, cash €359,212
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 28% of them on solvency, 63% on liquidity, 71% on profitability and 89% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as CLASS has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLASS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for CLASS. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.6 (0.2 in 2024), below 1. Short-term debt is 49.5% and cash 26% of total assets. 78.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 day early
2023
on the day
2022
15 days late
2021
2 days late
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 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)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
last known board- URSACHI GHEORGHE 93 sharesdeed of 19-04-2022
- CHIRILA ILIE 93 sharesdeed of 19-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831288218
Legal-form change · Resignations & appointments
Board composition: URSACHI Gheorghe (director) · Board composition: CHIRILA Ilie (director) · Gazette deed
Resignation: Ursachi lleana (technical director)
URSACHI GHEORGHE holds 93 shares · CHIRILA ILIE holds 93 shares · 186 shares · General meeting of 31-05-2021 · Gazette deed
Publication in the Belgian Official Gazette
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CLASS Brussels | €1.4m | €268,542 | 21.5% | 1 |
| Roch Développement Brussels | €1.4m | €282,650 | 38.8% | 1 |
| Techno Image Charleroi | €1.4m | €325,548 | 35.0% | 1 |
| BOUWWERKEN STIJN MATTHYS Oostkamp | €1.3m | €348,905 | 18.0% | 0.9 |
| BOUWWERKEN JEROEN SPRIET Oostkamp | €1.2m | €263,030 | 86.7% | 1 |
| FACTORY Forest | €1.5m | €213,216 | 21.1% | 1 |
| Joosen Bouw Hoogstraten | €1.3m | €202,940 | 93.1% | 1 |
These companies have the same main activity as CLASS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 2002 and 2012.
Official details
Source: KBO- Status
- Active since 23-11-2010Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment units
- 2.198.038.4101040 Etterbeek, since 15-04-2011
- 2.223.167.8431020 Brussels, since 25-10-2013and 1 other
- Financial year end
- 30 September
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-09-2025
- €1.4m▲ 26.5%
- Employeeson 30-09-2025
- 1=
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on CLASS
CLASS has existed since 2010. The present size dates from 2025. Turnover rose that year from €206,438 to €582,383.
Solvency rose in 2025 from 15.9% to 21.5% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CLASS
- What is the company number of CLASS?
- The company number of CLASS is 0831.288.218. The VAT number is the same number with BE in front: BE 0831.288.218.
- Where is CLASS based?
- The registered office is at Leopold I-straat 128, 1020 Brussels.Company details
- What does CLASS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CLASS?
- CLASS is a private limited company (BV).
- When was CLASS founded?
- CLASS was founded on 23-11-2010.
- Is CLASS still active?
- Yes, CLASS is an active enterprise in the KBO register.
- How many employees does CLASS have?
- CLASS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CLASS?
- The turnover of CLASS was €582,383 in financial year 2025, according to the filed annual accounts.
- Is CLASS profitable?
- In financial year 2025, CLASS made a profit of €123,545.
- Where can I find the annual accounts of CLASS?
- CLASS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CLASS due?
- CLASS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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