Collectief Constructief
ActiveSummary
Collectief Constructief has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€419,473) and a net result of -€22,633. Equity is shrinking by ~58% per year across the filed fiscal years. Its solvency ranks better than 5% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 2.25 in 2024; short-term debt: 122.9% and cash: 5.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-54.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€419,473
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
309 d late
2022
31 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 31 August (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€419,473▼ 5.7%
2024 · -€396,841
Total assets
€41,406▼ 39.7%
2024 · €68,621
Net result
-€22,633▲ 85.5%
2024 · -€156,396
Working capital
-€9,473
2024 · €38,159
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€39,543▼ 28.8%€11,470-€160,847-€152,091▲ 5.4%-€22,038▲ 85.5%
Net result-€57,519below the sector's middle half▼ 60.6%-€3,237within the sector's middle half▲ 94.4%-€173,885below the sector's middle half▼ 5,272%-€156,396below the sector's middle half▲ 10.1%-€22,633below the sector's middle half▲ 85.5%
Equity-€63,323below the sector's middle half▼ 991%-€66,560below the sector's middle half▼ 5.1%-€240,445below the sector's middle half▼ 261%-€396,841below the sector's middle half▼ 65.0%-€419,473below the sector's middle half▼ 5.7%
Total assets€1.7mabove the sector's middle half▲ 164%€1.2mabove the sector's middle half▼ 29.8%€520,648within the sector's middle half▼ 55.8%€68,621below the sector's middle half▼ 86.8%€41,406below the sector's middle half▼ 39.7%
Debt€1.7m▲ 172%€1.2m▼ 28.5%€761,093▼ 38.8%€465,461▼ 38.8%€460,880▼ 1.0%
Working capital-€63,323within the sector's middle half-€66,560within the sector's middle half▼ 5.1%€250,055above the sector's middle half€38,159within the sector's middle half▼ 84.7%-€9,473within the sector's middle half
Solvency-3.8%below the sector's middle half▼ 2.9pp-5.7%below the sector's middle half▼ 1.9pp-46.2%below the sector's middle half▼ 40.5pp-578.3%below the sector's middle half▼ 532.1pp
Current ratio0.96within the sector's middle half▼ 0.660.95within the sector's middle half▼ 0.021.92within the sector's middle half▲ 0.982.25within the sector's middle half▲ 0.330.81within the sector's middle half▼ 1.44
Return on assets (ROA)-3.4%below the sector's middle half▲ 2.2pp-0.3%within the sector's middle half▲ 3.2pp-33.4%below the sector's middle half▼ 33.1pp-227.9%below the sector's middle half▼ 194.5pp-54.7%below the sector's middle half▲ 173.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,038 in 2025 against €152,091 in 2024; the loss shrinks.
Key figures and ratios
Debt to equity
-1.10▲
2024 · -1.17
Debt ≤ 1 year
€50,880▲
2024 · €30,461
Debt > 1 year
€410,000▼
2024 · €435,000
A ratio outside any meaningful range has been withheld (balance sheet total €41,406, equity -€419,473).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.2% 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 497,340 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 6,010 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €3,860 | €2,693 | €9,128 | €2,491 | €459 | ▼ 81.6% |
| Non-recurring operating charges66A | - | - | €4,960 | €800 | - | - |
| Gross operating margin9900 | -€35,683 | €14,163 | -€146,760 | -€148,800 | -€21,578 | ▲ 85.5% |
| Operating profit (loss)9901 | -€39,543 | €11,470 | -€160,847 | -€152,091 | -€22,038 | ▲ 85.5% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €17,976 | €14,707 | €13,038 | €4,306 | €595 | ▼ 86.2% |
| Recurring financial charges65 | €17,976 | €14,707 | €13,038 | €4,306 | €595 | ▼ 86.2% |
| Profit (loss) for the period before taxes9903 | -€57,519 | -€3,237 | -€173,885 | -€156,396 | -€22,633 | ▲ 85.5% |
| Profit (loss) for the period9904 | -€57,519 | -€3,237 | -€173,885 | -€156,396 | -€22,633 | ▲ 85.5% |
| Profit (loss) for the period to be appropriated9905 | -€57,519 | -€3,237 | -€173,885 | -€156,396 | -€22,633 | ▲ 85.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.2m | €520,648 | €68,621 | €41,406 | ▼ 39.7% |
| Current assets29/58 | €1.7m | €1.2m | €520,648 | €68,621 | €41,406 | ▼ 39.7% |
| Stocks and contracts in progress3 | €1.7m | €1.2m | €498,536 | - | - | - |
| Stocks30/36 | €1.7m | €1.2m | €498,536 | - | - | - |
| Amounts receivable within one year40/41 | €13,778 | €9,374 | €14,040 | €27,340 | €39,186 | ▲ 43.3% |
| Trade receivables40 | - | €2,374 | - | - | €32,186 | - |
| Other amounts receivable41 | €13,778 | €7,000 | €14,040 | €27,340 | €7,000 | ▼ 74.4% |
| Cash at bank and in hand54/58 | €4,558 | €851 | €8,072 | €41,281 | €2,220 | ▼ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.2m | €520,648 | €68,621 | €41,406 | ▼ 39.7% |
| Equity10/15 | -€63,323 | -€66,560 | -€240,445 | -€396,841 | -€419,473 | ▼ 5.7% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€93,323 | -€96,560 | -€270,445 | -€426,841 | -€449,473 | ▼ 5.3% |
| Amounts payable17/49 | €1.7m | €1.2m | €761,093 | €465,461 | €460,880 | ▼ 1.0% |
| Amounts payable after more than one year17 | - | - | €490,500 | €435,000 | €410,000 | ▼ 5.7% |
| Financial debts170/4 | - | - | €490,500 | €435,000 | €410,000 | ▼ 5.7% |
| Amounts payable within one year42/48 | €1.7m | €1.2m | €270,593 | €30,461 | €50,880 | ▲ 67.0% |
| Financial debts43 | €995,000 | €225,000 | €225,000 | - | - | - |
| Credit institutions430/8 | €995,000 | €225,000 | €225,000 | - | - | - |
| Trade debts44 | €62,457 | €279,662 | €45,593 | €30,461 | €50,443 | ▲ 65.6% |
| Suppliers440/4 | €62,457 | €279,662 | €45,593 | €30,461 | €50,443 | ▲ 65.6% |
| Advances received on contracts in progress46 | - | €2,516 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €31,689 | - | - | €437 | - |
| Taxes450/3 | - | €31,689 | - | - | €437 | - |
| Other amounts payable47/48 | €682,500 | €705,500 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,519 | -€3,237 | -€173,885 | -€156,396 | -€22,633 | ▲ 85.5% |
| Operating cash flow (approximation) | -€57,519 | -€3,237 | -€173,885 | -€156,396 | -€22,633 | ▲ 85.5% |
| Change in cash | - | -€3,706 | €7,220 | €33,209 | -€39,061 | ▼ 218% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 309 days late
2023
31-12
Financial
Weakest financial yearnet -€173,885
Net result drops to -€173,885, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.92
Current ratio from 0.95 to 1.92; short-term debt falls from €1.2m to €270,593.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2019
Ground area
3,546 m²
Building footprint
139 m²
Volume, LiDAR
995 m³
Parcel 45023A0517/00P000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Collectief Constructief
since 20192.291.716.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A0517/00P000 | Flanders | 3,546 m² | 1 · 139 m² | 12.2 m · 2 fl. |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730793446
Also
9925:BE0730793446
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.