Starting capital
€6,000 100 shares
Construct X
Overview
Lifetime
1 annual account with figurespeak €56,850 (2025)
€56,850
peak €5,201 (2025)
€5,201
peak €11,201 (2025)
€11,201
-not published
Board3 names since 2025
2 directorsDries Invest and 1 other
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Permanent representatives: Van de Poel Dries and Edilov Letse 19-05Incorporation 07-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsBoard
1 left
A director left. Latest change 01-07-2026 · 2 in office.
Position in the sector
100.0%
Higher solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 60 days after the deadline
Checked score
54
Fair
Financially stronger than 65% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 1.9%lowest value
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 2.3%▲ +0.4 percentage points vs 06-2026
08-2026: 2.4%▲ +0.1 percentage points vs 07-2026
09-2026: 2.7%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 2.4%▼ -0.3 percentage points vs 09-2026
11-2026: 2.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Size: turnover €56,850, total assets €11,201
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
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 43, micro). It does better than 90% of them on solvency, 14% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 11,279 companies had the same profile as Construct X has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of Construct X itself is higher: 2.4% within 12 months. It rests on far more data about Construct X than the profile alone.
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 11,279 companies, not a prediction for Construct X. 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 €500 on 30-day terms is acceptable
Cash is 9.5% of total assets. 0% 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 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 1 filingDeviation from the deadline
2025
60 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
DI
Dries Invest
Director
LI
Letse Invest
Director
- Dries Invest 51 sharesdeed of 07-04-2025
- Letse Invest 49 sharesdeed of 07-04-2025
Recent changes
Resignation: Edilov Letse (director)
Permanent representative: Letse Invest · General meeting of 01-01-2026 · Gazette deed
Permanent representatives: Van de Poel Dries and Edilov Letse
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021923803
Incorporation
Founding capital of €6,000, 100 shares · Founders: Dries Invest and Letse Invest · Appointments: Dries Invest (director) and Letse Invest (director) · published on 07-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Construct X Antwerp | €11,201 | €7,123 | 100.0% | - |
| DEBRUYNE Guillaume Gembloux | €13,376 | €7,960 | 17.9% | - |
| DANOV DESIGN Molenbeek-Saint-Jean | €12,191 | €9,655 | 79.2% | - |
| BAMEL GROUP Anderlecht | €12,406 | €5,094 | 43.7% | - |
| AVNI Construct Anderlecht | €12,178 | €7,185 | 54.9% | - |
| ABC RENO Kraainem | €15,555 | €5,854 | 30.1% | - |
| SOLA CONSTRUCTION Lessines | €16,369 | €9,338 | 44.8% | - |
These companies have the same main activity as Construct X: insulation installation (NACE 43230). They are comparable in size and age: total assets between €12,200 and €16,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 03-04-2025Normal situation
- Activity
- Insulation installationNACE 43230and 9 others
- Establishment unit
- 2.372.408.1822000 Antwerp, since 03-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 28-04-2025
Insights on Construct X
The computed 12-month bankruptcy probability of Construct X is 2.4% (moderate). The 2025 annual accounts show equity of €11,201 and a net result of €5,201.
Its solvency ranks better than 95% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-09-2026, 60 days late€56,850
€7,123
-
-
100.0%
-
Money flows
of every €100 of turnover, €9.15 remains as profit in 2025Balance sheet
balance sheet total €11,201 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
100.0%
Higher than 95% of 35,136 companies in 2025.
46.4%
Higher than 94% of 34,711 companies in 2025.
Construct X
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
11,201 | |
29/58 |
11,201 | |
40/41 |
10,139 | |
40 |
10,139 | |
54/58 |
1,062 | |
| Balance sheet: equity and liabilities | ||
10/49 |
11,201 | |
10/15 |
11,201 | |
10/11 |
6,000 | |
14 |
5,201 | |
| Income statement | ||
70 |
56,850 | |
9900 |
7,123 | |
60/61 |
49,727 | |
9901 |
7,123 | |
65/66B |
29 | |
65 |
29 | |
9903 |
7,094 | |
67/77 |
1,893 | |
9904 |
5,201 | |
9905 |
5,201 | |
| Appropriation of the result | ||
9906 |
5,201 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00542718.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00542718 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 12.5% | ||
| 100.0% | ||
| 46.4% | ||
| 46.4% | ||
| 65 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Board & ownership
Board
2 directors, no change since July 2026Dries Invest
Director (not named in the articles)
appointed by deed of 07-04-2025
term without a fixed end
Letse Invest
Director (not named in the articles)
appointed by deed of 07-04-2025
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 07-04-2025
Mandates through the years
3 names, the dashed line is todayDries Invest
Director (not named in the articles)
Director (not named in the articles)
Letse Invest
Director (not named in the articles)
Director (not named in the articles)
Edilov Letse
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- Dries Invest
- Director (not named in the articles), appointed by deed of 07-04-2025, still in office
- Letse Invest
- Director (not named in the articles), appointed by deed of 07-04-2025, still in office
- Edilov Letse
- Director, until 01-07-2026
Control
Founders
Dries Invest, Letse Invest
This company
Construct X
Equity €11,201
Profit €5,201 in 2025
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €112 in 2025
- Source
- deed of 07-04-2025
Articles of association
deed of 07-04-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Het mandaat zal onbezoldigd zijn, zolang de algemene vergadering hierover niet anders beslist. Organisatie en bijeenroeping algemene…”
Shareholders
At incorporation
deed of 07-04-2025 ↗
- Dries Invest 51 shares (51%) · €3,060
- Letse Invest 49 shares (49%) · €2,940
Network & group
No group
Construct X has no parent and no holdings in its annual accounts. Construct X shares no director with another company.
Timeline
Timeline
6 events since 2025Board
Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 60 days late
Resignation: Edilov Letse (director)Permanent representative: Letse Invest · General meeting of 01-01-20263 points ▸
- General meeting, 01-01-2026
- Director resignation, Edilov Letse
- Permanent representative, Letse Invest
2025
Permanent representatives: Van de Poel Dries and Edilov Letse2 points ▸
- Permanent representative, Van de Poel Dries
- Permanent representative, Edilov Letse
Registered in the Peppol Directory Reachable for e-invoices through 0208:1021923803
IncorporationFounding capital of €6,000, 100 shares · Founders: Dries Invest and Letse Invest · Appointments: Dries Invest (director) and Letse Invest (director) · published on 07-04-20255 points ▸
- Founder, Dries Invest
- Founder, Letse Invest
- Founding capital, €6,000, 100 shares
- Director appointment, Dries Invest (director (not named in the articles))
- Director appointment, Letse Invest (director (not named in the articles))
- The deed holds 3 more points.
First establishment Kopstraatje 3, Antwerp
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1021.923.803
- VAT number
- BE 1021.923.803
- Peppol ID
- 0208:1021923803
- Other Peppol ID
- 9925:BE1021923803
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-04-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Het mandaat zal onbezoldigd zijn, zolang de algemene vergadering hierover niet anders beslist. Organisatie en bijeenroeping algemene…”deed of 07-04-2025 (in Dutch)
- Peppol
- Reachable since 28-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Construct X in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-04-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-04-2025 (in Dutch)
Activities
NACEBEL 202543230
Insulation installation main activity
43221
Plumbing work
43320
Joinery installation
43331
Floor and wall tiling
43341
Painting of buildings
43410
Roofing work
43422
Screed work
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De algemene bouw van residentiële gebouwen,optrekken van ruwbouw van individuele huizen,optrekken van de ruwbouw van gebouwen,algemene bouw…”deed of 07-04-2025 (in Dutch)
14 activities
- De algemene bouw van residentiële gebouwen,optrekken van ruwbouw van individuele huizen,optrekken van de ruwbouw van gebouwen,algemene bouw van andere niet-residentiële gebouwen,optrekken van ruwbouw van gebouwen voor industrieel of commercieel gebruik,van stel-en stapelplaatsen,scholen,ziekenhuizen,van gebouwen voor de beoefening van erediensten,cultuur,enz.
- Het uitvoeren van isolatiewerkzaamheden,aanbrengen in gebouwen en andere bouwwerken van:thermisch isolatiemateriaal,isolatiemateriaal tegen geluid en trillingen,isolatiewerkzaamheden aan verwarmingsleidingen en leiding van koelsystemen.
- Overige installaties(inclusief accesoires)n.e.g
- Het uitvoeren van werkzaamheden aangaande ingenieurs en aanverwante technische adviseurs,exclusief landmeters
- Aanbrengen van pleister-en stukadoorswerk(inclusief het aanbrengen van hechtgrond)aan de binnen-of buitenzijde van gebouwen en andere bouwwerken
- Montage van buiten-en binnen schrijnwerk,van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enz in hout of kunststof en in metaal
- Plaatsen van tussenwanden van gipsplaten
- Plaatsen van vloer-en wandtegels
- Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g
- Bouw van daken en plaatsen van dakbedekking ongeacht welk materiaal
- Plaatsen van dakgoten en regenafvoerbuizen
- Gevelreiniging
- Overige bouwwerkzaamheden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kopstraatje 3 registered office 2000 Antwerp | 03-04-2025 | 2.372.408.182 |
Buildings and parcels at the address
- Ground area
- 110 m²
- Buildings
- 110 m²
- Volume, LiDAR
- 2,131 m³
- Tallest building
- 20.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11804D0738/00Y000 | 110 m² | 1 · 110 m² | 20.2 m · 6 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1021.923.803