Financials
- Financial year
- 2025
- Total assets
- €792,944
- Loss
- -€29,418
- Solvency
- 48.3%
Total assets▼ 3.1%
Net result
20182025
CONSTITUTIE MANAGEMENT
ActiveSummary
CONSTITUTIE MANAGEMENT has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383,206 and a net result of -€29,418. Equity remains stable across the filed financial years (±1.7% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Activity not known1 site
Size
€792,944total assets 2025
- Equity
- €383,206
- Loss
- -€29,418
Financial health
68
Healthy
Checked score 2025- Bankruptcy probabilitywithin 12 months
- 0.7%
Provisional estimate
Structure
- Holdings
- 1
Accounts filed 26 days late0 of 4 deeds read
Why 68raises riskNo NACE activity registeredlowers riskLong track recordLower-risk legal formShow the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Provisional estimate
Financially better than 32% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Average
Solvency
73-2
equity 48.3% of total assets
Liquidity
50-43
short-term debt 7.0% · cash 0.0%
Profitability
20-3
return on assets -3.7%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.02, compared with 0.02 in 2024; short-term debt: 7% and cash: 0% of total assets), and 51.7% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 43% on solvency, 38% on liquidity, 17% on profitability and 28% on growth.
Provisional estimate: the current bankruptcy probability was not available, so Checked used its built-in model.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
−lowers risk+raises risk○neutral
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29,418
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
63 days early
2023
15 days early
2022
19 days early
2021
35 days early
2020
40 days early
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 12 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Key points
By topic
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 28
- Since
- 2001
- Next accounts
- by 31-07-2027
- 12-07-2023Annual accounts filed
- 31-12-2022Back to profit
- 26-06-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 28-10-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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