Liquidity
5.67 was 2.12 in 2024
Short-term debts fell from €77,758 to €11,801.
Constellations
Lifetime
3 annual accounts with figures on one time axispeak €118,110 (2023)
-€33,672▼ €55,847
lowest -€31,982 (2025)
-€31,982▼ €48,265
peak €87,079 (2024)
€55,097▼ 36.7%
€11,801▼ 84.8%
Board1 name since 2023
1 directorGONZALEZ Monika
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €22,175 to -€33,672Loss of €31,982Equity from €87,079 to €55,097Debts from €77,758 to €11,801Cash from €64,390 to €503
Key points
from the 2025 annual accountsFilings
3 annual accounts 2 late
The 2024 accounts came latest: 60 days after the end of the period.
Position in the sector
-€31,982
Lower net result than 88% of companies in real estate. Sector median €5,986 · 17,185 companies.
Turnover not published (micro format)
Checked score
67
Healthy
Financially stronger than 38% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.4 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025
10-2025: 1.9%▲ +1.0 percentage point vs 09-2025highest value
11-2025: 0.5%▼ -1.4 percentage points vs 10-2025
12-2025: 0.2%▼ -0.3 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.7 percentage points vs 07-2026
09-2026: 0.9%▼ -0.1 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 5.67, cash €503, halved
Loss of €31,982 (financial year 2025)
1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 91% of them on solvency, 41% on liquidity, 4% on profitability and 15% 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 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, 3,223 companies had the same profile as Constellations has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Constellations itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,223 companies, not a prediction for Constellations. 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 €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.67 (2.12 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 0.8% of total assets. 17.6% 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
Five signals.
lowers riskraises riskneutral
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 days late
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 30 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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. The company usually files around 31 August (3 of the last 3 accounts filed within 31 days either side of that date).
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 0208:0797102448
Registered office moved within Mouscron
New registered office: Avenue Comte de Liedekerke 10 7700 MOUSCRON · Previous registered office: Rue des Pyramides 1A-7700 MOUSCRON · General meeting of 25-09-2023 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: GONZALEZ Monika (comparante) · Appointment: GONZALEZ Monika (director) · published on 16-01-2023 · Gazette deed
First establishment
Graaf de Liedekerkelaan 10, Mouscron
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Constellations Mouscron | €66,898 | -€33,672 | 82.4% | - |
| De Roovere Developments Heist-op-den-Berg | €65,734 | -€23,308 | -138.4% | - |
| RP-5 Gembloux | €61,091 | -€88 | 96.7% | - |
| Silex Projects Zwevegem | €56,806 | -€3,242 | -18.9% | - |
| OCEA INVEST Herve | €69,379 | €373 | -4.8% | - |
| VELBA La Roche-en-Ardenne | €80,818 | -€10,116 | 29.6% | - |
| DAAN INVEST IMMO Walhain | €70,531 | -€2,323 | -24.9% | - |
These companies have the same main activity as Constellations: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €56,800 and €80,800, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 12-01-2023Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.343.535.7377700 Mouscron, since 12-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 20-04-2026
Annual accounts 2025
- €66,898▼ 59.4%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Constellations
Constellations files the micro format. That format states no turnover. The gross margin fell from €118,110 in 2023 to -€33,672 in 2025.
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 Constellations
- What is the company number of Constellations?
- The company number of Constellations is 0797.102.448. The VAT number is the same number with BE in front: BE 0797.102.448.
- Where is Constellations based?
- The registered office is at Graaf de Liedekerkelaan 10, 7700 Mouscron.Company details
- What does Constellations do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Constellations?
- Constellations is a private limited company (BV).
- When was Constellations founded?
- Constellations was founded on 12-01-2023.
- Is Constellations still active?
- Yes, Constellations is an active enterprise in the KBO register.
- What is the turnover of Constellations?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Constellations profitable?
- In financial year 2025, Constellations made a loss of €31,982.
- Where can I find the annual accounts of Constellations?
- Constellations filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Constellations due?
- Constellations must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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