Constellations
ActiveSummary
Constellations has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €-32k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-62
Solvency100▲+22
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 5.67 against 2.12 in 2024; short-term debt: 17.6% and cash: 0.8% of total assets), and 17.6% of the assets are financed with debt.
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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
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 · 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
Solvency
82.4%
Return on assets
-47.8%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
60 d late
2023
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€55k▼ 36.7%
2024 · €87k
Total assets
€67k▼ 59.4%
2024 · €165k
Net result
€-32k
2024 · €16k
Working capital
€55k▼ 36.7%
2024 · €87k
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
Line202320242025
Operating result€77k-€22k▼ 71.2%€-35k
Net result€61k-€16k▼ 73.2%€-32k
Equity€71k-€87k▲ 23.0%€55k▼ 36.7%
Total assets€90k-€165k▲ 83.7%€67k▼ 59.4%
Debt€19k-€78k▲ 311%€12k▼ 84.8%
Working capital€71k-€87k▲ 23.0%€55k▼ 36.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €67k
Equity
€55k ▼ 36.7%
Debt
€12k ▼ 84.8%
Debt's share of the balance-sheet total falls from 47.2% to 17.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
5.67▲
2024 · 2.12
Quick ratio
5.16▲
2024 · 2.12
Debt to equity
0.21▼
2024 · 0.89
ROE
-58.0%▼
2024 · 18.7%
ROA
-47.8%▼
2024 · 9.9%
Debt ≤ 1 year
€12k▼
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | - | - |
| Other operating charges640/8 | €40k | - | €1k | - |
| Gross operating margin9900 | €118k | €22k | €-34k | ▼ 252% |
| Operating profit (loss)9901 | €77k | €22k | €-35k | ▼ 257% |
| Financial income75/76B | - | €2k | €3k | ▲ 68.5% |
| Recurring financial income75 | - | €2k | €3k | ▲ 68.5% |
| Financial charges65/66B | €80 | €188 | €241 | ▲ 27.9% |
| Recurring financial charges65 | €80 | €188 | €241 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | €77k | €24k | €-32k | ▼ 234% |
| Income taxes67/77 | €16k | €8k | - | - |
| Profit (loss) for the period9904 | €61k | €16k | €-32k | ▼ 296% |
| Profit (loss) for the period to be appropriated9905 | €61k | €16k | €-32k | ▼ 296% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €90k | €165k | €67k | ▼ 59.4% |
| Current assets29/58 | €90k | €165k | €67k | ▼ 59.4% |
| Stocks and contracts in progress3 | €37k | - | €6k | - |
| Stocks30/36 | €37k | - | €6k | - |
| Amounts receivable within one year40/41 | €21k | €100k | €60k | ▼ 39.9% |
| Trade receivables40 | - | €55k | - | - |
| Other amounts receivable41 | €21k | €46k | €60k | ▲ 32.3% |
| Cash at bank and in hand54/58 | €31k | €64k | €503 | ▼ 99.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €90k | €165k | €67k | ▼ 59.4% |
| Equity10/15 | €71k | €87k | €55k | ▼ 36.7% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Reserves13 | €61k | €77k | €45k | ▼ 41.5% |
| Distributable reserves133 | €61k | €77k | €45k | ▼ 41.5% |
| Amounts payable17/49 | €19k | €78k | €12k | ▼ 84.8% |
| Amounts payable within one year42/48 | €19k | €78k | €12k | ▼ 84.8% |
| Trade debts44 | €3k | €4k | €2k | ▼ 42.2% |
| Suppliers440/4 | €3k | €4k | €2k | ▼ 42.2% |
| Advances received on contracts in progress46 | - | €66k | - | - |
| Taxes, remuneration and social security45 | €16k | €8k | €10k | ▲ 26.4% |
| Taxes450/3 | €16k | €8k | €10k | ▲ 26.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €16k | €-32k | ▼ 296% |
| + Depreciation and write-downs630 | €1k | - | - | - |
| Operating cash flow (approximation) | €62k | €16k | €-32k | ▼ 296% |
| Change in cash | - | €33k | €-64k | ▼ 292% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.67
Current ratio from 2.12 to 5.67; short-term debt falls from €78k to €12k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 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, Mouscron · 1 establishment unit since 2023
Ground area
394 m²
Building footprint
110 m²
Parcel 54436A0566/00S004, Wallonia. Linked by address, not a title deed.
1 establishment unit
CONSTELLATIONS
since 20232.343.535.737
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54436A0566/00S004 | Wallonia | 394 m² | 1 · 110 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.
Similar companies · same sector, comparable size
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IMMOBILIERE PLAQUET
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.