CONSTANCE
ActiveSummary
CONSTANCE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464,420 and a net result of €10,003. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-6
Solvency99=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.35 against 2.63 in 2024; short-term debt: 14.7% and cash: 4.7% of total assets), and 26% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74%
Return on assets
1.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
1 d early
2022
3 d early
2021
38 d early
2020
45 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Genappe, Real estate sector
Equity
€464,420▲ 2.2%
2024 · €454,417
Total assets
€627,209▲ 2.7%
2024 · €610,472
Net result
€10,003▼ 75.1%
2024 · €40,105
Working capital
€217,087▲ 20.1%
2024 · €180,741
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67,062▼ 2.4%€60,044▼ 10.5%€59,932▼ 0.2%€54,370▼ 9.3%€15,091▼ 72.2%
Net result€55,365▲ 5.0%€42,799▼ 22.7%€43,292▲ 1.2%€40,105▼ 7.4%€10,003▼ 75.1%
Equity€328,222▲ 20.3%€371,021▲ 13.0%€414,312▲ 11.7%€454,417▲ 9.7%€464,420▲ 2.2%
Total assets€732,973▲ 6.9%€678,654▼ 7.4%€632,900▼ 6.7%€610,472▼ 3.5%€627,209▲ 2.7%
Debt€404,751▼ 1.9%€307,634▼ 24.0%€218,588▼ 28.9%€156,055▼ 28.6%€162,789▲ 4.3%
Working capital€76,007▼ 1.3%€133,596▲ 75.8%€179,237▲ 34.2%€180,741▲ 0.8%€217,087▲ 20.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €627,209
Fixed assets
€317,796 ▼ 0.4%
Current assets
€309,413 ▲ 6.2%
Equity and liabilities €627,209
Equity
€464,420 ▲ 2.2%
Debt
€162,789 ▲ 4.3%
Debt's share of the balance-sheet total rises from 25.6% to 26.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,722▼
2024 · €76,984
Cash flow
€38,634▼
2024 · €62,718
Current ratio
3.35▲
2024 · 2.63
Debt to equity
0.35▲
2024 · 0.34
ROE
2.2%▼
2024 · 8.8%
ROA
1.6%▼
2024 · 6.6%
Interest coverage
21.96▼
2024 · 230.64
Debt ≤ 1 year
€92,326▼
2024 · €110,737
Debt > 1 year
€64,212▲
2024 · €36,779
Income taxes
€3,220▼
2024 · €13,932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,662 | €19,181 | €19,559 | €22,614 | €28,631 | ▲ 26.6% |
| Other operating charges640/8 | - | €16,295 | €14,085 | €12,456 | €12,735 | ▲ 2.2% |
| Gross operating margin9900 | €87,776 | €95,520 | €93,576 | €89,440 | €56,456 | ▼ 36.9% |
| Operating profit (loss)9901 | €67,062 | €60,044 | €59,932 | €54,370 | €15,091 | ▼ 72.2% |
| Financial income75/76B | - | - | - | €1 | €123 | ▲ 20,800% |
| Recurring financial income75 | €9,334 | - | - | €1 | €123 | ▲ 20,800% |
| Financial charges65/66B | - | €616 | €1,241 | €334 | €1,991 | ▲ 497% |
| Recurring financial charges65 | €664 | €616 | €1,241 | €334 | €1,991 | ▲ 497% |
| Profit (loss) for the period before taxes9903 | €75,733 | €59,428 | €58,692 | €54,037 | €13,223 | ▼ 75.5% |
| Income taxes67/77 | €20,368 | €16,629 | €15,400 | €13,932 | €3,220 | ▼ 76.9% |
| Profit (loss) for the period9904 | €55,365 | €42,799 | €43,292 | €40,105 | €10,003 | ▼ 75.1% |
| Profit (loss) for the period to be appropriated9905 | €55,365 | €42,799 | €43,292 | €40,105 | €10,003 | ▼ 75.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732,973 | €678,654 | €632,900 | €610,472 | €627,209 | ▲ 2.7% |
| Fixed assets21/28 | €279,709 | €262,306 | €252,958 | €318,994 | €317,796 | ▼ 0.4% |
| Tangible fixed assets22/27 | €279,709 | €262,306 | €252,958 | €318,994 | €317,796 | ▼ 0.4% |
| Land and buildings22 | - | €163,511 | €163,511 | €163,511 | €163,511 | = |
| Plant, machinery and equipment23 | - | €0 | €77,815 | €144,631 | €146,835 | ▲ 1.5% |
| Furniture and vehicles24 | - | €7,142 | €11,633 | €10,852 | €7,450 | ▼ 31.3% |
| Leasing and similar rights25 | - | €3,398 | €0 | - | - | - |
| Other tangible fixed assets26 | - | €88,255 | €0 | - | - | - |
| Current assets29/58 | €453,264 | €416,348 | €379,942 | €291,478 | €309,413 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €398,842 | €400,365 | €82,616 | - | - | - |
| Other amounts receivable41 | - | €400,365 | €82,616 | - | - | - |
| Current investments50/53 | - | - | €268,005 | €268,005 | €268,005 | = |
| Cash at bank and in hand54/58 | €53,701 | €15,200 | €18,973 | €12,023 | €29,554 | ▲ 146% |
| Deferred charges and accrued income490/1 | - | €783 | €10,348 | €11,450 | €11,854 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732,973 | €678,654 | €632,900 | €610,472 | €627,209 | ▲ 2.7% |
| Equity10/15 | €328,222 | €371,021 | €414,312 | €454,417 | €464,420 | ▲ 2.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €274,155 | €274,155 | €274,155 | = |
| Non-distributable reserves130/1 | - | €6,150 | €274,155 | €274,155 | €274,155 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Own shares acquired1312 | - | - | €268,005 | €268,005 | €268,005 | = |
| Profit (loss) carried forward14 | €260,572 | €303,371 | €78,657 | €118,762 | €128,765 | ▲ 8.4% |
| Amounts payable17/49 | €404,751 | €307,634 | €218,588 | €156,055 | €162,789 | ▲ 4.3% |
| Amounts payable after more than one year17 | €27,494 | €19,455 | €11,281 | €36,779 | €64,212 | ▲ 74.6% |
| Financial debts170/4 | - | €13,005 | €4,831 | €30,329 | €57,762 | ▲ 90.5% |
| Other amounts payable178/9 | - | €6,450 | €6,450 | €6,450 | €6,450 | = |
| Amounts payable within one year42/48 | €377,257 | €282,752 | €200,705 | €110,737 | €92,326 | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €8,040 | €8,174 | €4,831 | €0 | ▼ 100% |
| Trade debts44 | €3,281 | €1,985 | €232 | €3,068 | €466 | ▼ 84.8% |
| Suppliers440/4 | - | €1,985 | €232 | €3,068 | €466 | ▼ 84.8% |
| Taxes, remuneration and social security45 | - | €16,206 | €7,413 | €3,441 | €3,257 | ▼ 5.3% |
| Taxes450/3 | - | €16,206 | €7,413 | €3,441 | €3,257 | ▼ 5.3% |
| Other amounts payable47/48 | - | €256,521 | €184,885 | €99,398 | €88,603 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | €5,427 | €6,602 | €8,539 | €6,251 | ▼ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,365 | €42,799 | €43,292 | €40,105 | €10,003 | ▼ 75.1% |
| + Depreciation and write-downs630 | €14,662 | €19,181 | €19,559 | €22,614 | €28,631 | ▲ 26.6% |
| Operating cash flow (approximation) | €70,027 | €61,980 | €62,851 | €62,718 | €38,634 | ▼ 38.4% |
| Investment in fixed assets (approximation) | - | -€1,778 | -€10,211 | -€88,649 | -€27,433 | ▲ 69.1% |
| Change in cash | - | -€38,501 | €3,774 | -€6,951 | €17,532 | ▲ 352% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €10,003 ▼75.1%
Net result drops to €10,003, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €55,365 ▲5%
Net result €55,365, the highest in the series.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 4 days late
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Genappe · 1 establishment unit since 1991
Ground area
361 m²
Building footprint
58 m²
Parcel 25106G0155/00K000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussée de Nivelles 50, 1472 Genappe
since 19912.052.944.127
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106G0155/00K000 | Wallonia | 361 m² | 1 · 58 m² | - |
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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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 4,658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-06-1990
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.