Result
€110,991 ▲ 424%
The result rose in 2025 from €21,192 to €110,991.
CONCEPT 32
Lifetime
2 annual accounts with figures on one time axispeak €228,569 (2025)
€228,569▲ 297%
peak €110,991 (2025)
€110,991▲ 424%
peak €137,183 (2025)
€137,183▲ 424%
€255,690▼ 21.4%
Board1 name since 2024
1 directorPANTIRU Eduard-Norbert
Documentsfilings and deeds
01-10-202662 days late
2025micro format
Gross margin from €57,590 to €228,569Result from €21,192 to €110,991Registered office moved within Kortenberg 23-07Registered office moved to Cortenbergh 25-06Equity from €26,192 to €137,183Debts from €325,170 to €255,690
Key points
from the 2025 annual accountsTurnover
≈ €750,000 estimated
The micro format states no turnover.
Investments
€204,993 5.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 19.7% higher than in 2024.
Liquidity
2.63 was 1.02 in 2024
Short-term debts fell from €205,170 to €87,245.
Starting capital
€20,000 100 shares
Position in the sector
€110,991
Higher net result than 95% of companies in construction of buildings. Sector median €8,556 · 9,461 companies.
2025 accounts filed 62 days after the deadline
Checked score
35
Weak
Financially stronger than 72% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
10.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 3.6%lowest value
05-2025: 3.6%● unchanged vs 04-2025lowest value
06-2025: 3.8%▲ +0.2 percentage points vs 05-2025
07-2025: 6.9%▲ +3.1 percentage points vs 06-2025
08-2025: 11.6%▲ +4.7 percentage points vs 07-2025
09-2025: 12.0%▲ +0.4 percentage points vs 08-2025
10-2025: 14.9%▲ +2.9 percentage points vs 09-2025
11-2025: 14.9%● unchanged vs 10-2025
12-2025: 14.6%▼ -0.3 percentage points vs 11-2025
01-2026: 14.6%● unchanged vs 12-2025
02-2026: 15.0%▲ +0.4 percentage points vs 01-2026
03-2026: 15.6%▲ +0.6 percentage points vs 02-2026
04-2026: 16.9%▲ +1.3 percentage points vs 03-2026
05-2026: 16.8%▼ -0.1 percentage points vs 04-2026
06-2026: 16.8%● unchanged vs 05-2026
07-2026: 16.8%● unchanged vs 06-2026
08-2026: 17.1%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 17.1%● unchanged vs 08-2026
10-2026: 10.7%▼ -6.4 percentage points vs 09-2026
11-2026: 10.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 62 days late; 2 of the last 3 accounts late
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 42% of them on solvency, 57% on liquidity, 91% on profitability and 97% 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 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 39,278 companies had the same profile as CONCEPT 32 has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONCEPT 32 itself is higher: 10.7% within 12 months. It rests on far more data about CONCEPT 32 than the profile alone.
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 39,278 companies, not a prediction for CONCEPT 32. 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 €4,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.63 (1.02 in 2024), above the usual 1.5. Short-term debt is 22.2% and cash 8.8% of total assets. However, 65.1% 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.
raises risk
raises risk · 2025 accounts filed 62 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-10-2026, 62 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 · 2 filingsDeviation from the deadline
2025
62 days late
2024
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 62 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007224739
Registered office moved within Kortenberg
New registered office: Leuvensesteenweg 78A, 3070 Kortenberg · Previous registered office: Leuvensesteenweg 78, 3070 Kortenberg · General meeting of 12-06-2025 · Gazette deed
Registered office moved to Cortenbergh
New registered office: Leuvensesteenweg 78, 3070 Cortenbergh · General meeting of 11-06-2025 · Gazette deed
Environmental permit refused
Bouwen of herbouwen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Slopen van niet vrijstaande gebouwen of constructies · Vilvoorde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONCEPT 32 Kortenberg | €392,873 | €228,569 | 34.9% | - |
| TEAM BAT Vilvoorde | €342,272 | €268,386 | 41.8% | - |
| BriQue FaÇadE Vilvoorde | €309,364 | €212,793 | 66.2% | - |
| AJF IMMO Saint-Ghislain | €415,885 | €228,661 | 34.3% | - |
| Cornillie Projects Heist-op-den-Berg | €412,591 | €238,438 | 54.2% | - |
| DARDENNE Gilles - Energy Systems Beauraing | €415,672 | €217,373 | 34.5% | - |
| SF HOLDING Brussels | €433,775 | €227,350 | 43.3% | - |
These companies have the same main activity as CONCEPT 32: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €309,000 and €434,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 18-03-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.357.192.1493070 Kortenberg, since 18-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Insights on CONCEPT 32
The computed 12-month bankruptcy probability of CONCEPT 32 is 10.7% (high). The 2025 annual accounts show equity of €137,183 and a net result of €110,991.
Its solvency ranks better than 41% of 9,471 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 CONCEPT 32
- What is the company number of CONCEPT 32?
- The company number of CONCEPT 32 is 1007.224.739. The VAT number is the same number with BE in front: BE 1007.224.739.
- Where is CONCEPT 32 based?
- The registered office is at Leuvensesteenweg 78A, 3070 Kortenberg.Company details
- What does CONCEPT 32 do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CONCEPT 32?
- CONCEPT 32 is a private limited company (BV).
- When was CONCEPT 32 founded?
- CONCEPT 32 was founded on 18-03-2024.
- Is CONCEPT 32 still active?
- Yes, CONCEPT 32 is an active enterprise in the KBO register.
- How many employees does CONCEPT 32 have?
- CONCEPT 32 had an average of 0.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of CONCEPT 32?
- The turnover in financial year 2025 is ≈ €750,000. This figure is estimated from the gross margin of €228,569 and 97 comparable companies (NACE 41001). It probably lies between €530,000 and €1.2m. In financial year 2024 turnover was €257,405.
- Is CONCEPT 32 profitable?
- In financial year 2025, CONCEPT 32 made a profit of €110,991.
- Where can I find the annual accounts of CONCEPT 32?
- CONCEPT 32 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONCEPT 32 due?
- CONCEPT 32 must file the annual accounts for financial year 2026 by 31-07-2027.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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