Equity
€97,563 from €212,351 in 2021
Equity fell by 54% in 3 years.
Compact Location
Lifetime
10 annual accounts with figures on one time axispeak €524,227 (2019)
€5,190▼ 78.2%
lowest -€48,913 (2022)
-€29,337▲ €5,253
peak €212,351 (2021)
€97,563▼ 23.1%
€15,946▼ 81.1%
peak 2 FTE (2018)
-not published
Board2 names since 2014
2 directorsKen LEFEVERE and 1 other
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from €23,766 to €5,190Loss of €29,337Equity from €126,900 to €97,563Debts from €84,179 to €15,946Cash from €62,467 to €29,730
Key points
from the 2024 annual accountsLosses
-€112,840 in three years
Every financial year from 2022 to 2024 closed with a loss. 2022 was the heaviest.
Turnover
≈ €54,000 estimated
The micro format states no turnover.
Liquidity
5.10 was 2.47 in 2023
Short-term debts fell from €42,682 to €15,946.
Filings
10 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€29,337
Lower net result than 95% of companies in specialised construction. Sector median €9,467 · 35,926 companies.
Checked score
55
Fair
Financially stronger than 47% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.8%▲ +0.1 percentage points vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.4%▲ +0.7 percentage points vs 07-2025
09-2025: 2.7%▲ +0.3 percentage points vs 08-2025
10-2025: 4.8%▲ +2.1 percentage points vs 09-2025highest value
11-2025: 1.3%▼ -3.5 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 0.7%▼ -0.6 percentage points vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026lowest value
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 1.3%▲ +0.5 percentage points vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 03-10-2025)
lowers risk
Liquidity: current ratio 5.10, cash €29,730, halved
Founded in 2014
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 90% of them on solvency, 78% on liquidity, 4% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 4,805 companies had the same profile as Compact Location has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Compact Location itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 4,805 companies, not a prediction for Compact Location. 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 €5,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 5.1 (2.47 in 2023), above the usual 1.5. Short-term debt is 14% and cash 26.2% of total assets. 14% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€29,337
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
61 days late
2022
36 days late
2021
61 days late
2020
61 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 62 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0546799391
Company renamed to Compact Location
Registered office moved from Saint-Ghislain to Tournai · New name: Compact Location · New registered office: Rue de Fléquières 3, 7503 Tournai (Froyennes) · General meeting of 27-11-2023 · Gazette deed
Purpose change · Amendment of the articles
“Entreprise pour tous types d'activités de couvreur et de travaux d'étanchéité pour tous types de matériaux…” (deed in French) · General meeting of 29-03-2019 · Gazette deed
Appointment: DE MEERSMAN Eva (manager)
General meeting of 27-09-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Compact Location Tournai | €113,509 | €5,190 | 86.0% | - |
| CLA Menuiserie Herve | €105,418 | €6,290 | 47.7% | - |
| OPLIGTENBERG MARIO Enghien | €130,420 | €6,124 | 50.9% | - |
| DRIE DIAS Ixelles | €123,482 | €7,576 | 53.5% | - |
| Yovato Aartselaar | €85,458 | €4,270 | 92.3% | - |
| LC PEINTRE NAVAL Namur | €108,978 | €7,698 | 41.2% | - |
| P & C INTERIEUR Bonheiden | €104,213 | €8,592 | 40.2% | - |
These companies have the same main activity as Compact Location: joinery installation (NACE 43320). They are comparable in size and age: total assets between €85,500 and €130,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 21-02-2014Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.228.843.3337332 Saint-Ghislain, since 03-03-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2025
Insights on Compact Location
Compact Location files the micro format. That format states no turnover. The gross margin fell from €24,040 in 2015 to €5,190 in 2024.
The balance sheet grew most from 2019 to 2020 through fixed assets, financed with long-term debt.
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 Compact Location
- What is the company number of Compact Location?
- The company number of Compact Location is 0546.799.391. The VAT number is the same number with BE in front: BE 0546.799.391.
- Where is Compact Location based?
- The registered office is at Rue de Fléquières 3, 7503 Tournai.Company details
- What does Compact Location do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of Compact Location?
- Compact Location is a private limited company (BV).
- When was Compact Location founded?
- Compact Location was founded on 21-02-2014.
- Is Compact Location still active?
- Yes, Compact Location is an active enterprise in the KBO register.
- How many employees does Compact Location have?
- Compact Location had an average of 0.2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of Compact Location?
- The turnover in financial year 2024 is ≈ €54,000. This figure is estimated from the gross margin of €5,190 and 56 comparable companies (NACE 43320). It probably lies between €32,000 and €100,000. It is a rough estimate.
- Is Compact Location profitable?
- In financial year 2024, Compact Location made a loss of €29,337.
- Where can I find the annual accounts of Compact Location?
- Compact Location filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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