Correct Construct
ActiveCorrect Construct is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-42k) and a net result of €-8k. Equity is shrinking by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 8006 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8006 sector peers (2025).
NBB · sector comparisonPosition among 8006 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
29 d late
2022
4 d early
2021
47 d late
2020
26 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-42k▼ 22.3%
2024 · €-34k
2020: €23k
2021: €25k
2022: €33k
2023: €-30k
2024: €-34k
2020 → 2025
Net result
€-8k▼ 83.3%
2024 · €-4k
2020: €13k
2021: €2k
2022: €8k
2023: €-63k
2024: €-4k
2020 → 2025
Total assets
€106k▲ 11.4%
2024 · €95k
2020: €384k
2021: €294k
2022: €162k
2023: €130k
2024: €95k
2020 → 2025
Solvency
-39.1%▼ 3.5pp
2024 · -35.7%
2020: 6.0%
2021: 8.4%
2022: 20.5%
2023: -22.9%
2024: -35.7%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€33k▲ 34.2%€-30k€-34k▼ 13.8%€-42k▼ 22.3%
Operating result€8k-€13k▲ 69.6%€-64k€-4k▲ 93.7%€-7k▼ 82.0%
Net result€2k-€8k▲ 408%€-63k€-4k▲ 93.5%€-8k▼ 83.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €4k in 2024; the loss grows.
Key figures and ratios
Solvency
-39.1%▼
2024 · -35.7%
ROA
-7.1%▼
2024 · -4.3%
Debt
€148k▲
2024 · €129k
Debt ≤ 1 year
€148k▲
2024 · €129k
Income taxes
€61
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€95k€106k▲
Current assets29/58€95k€106k▲
Amounts receivable within one year40/41€95k€99k▲
Trade receivables40€95k€97k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€251€7k▲
Deferred charges and accrued income490/1-€7
Equity and liabilities
Total equity and liabilities10/49€95k€106k▲
Equity10/15€-34k€-42k▼
Contributions10/11€10k€10k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-64k€-72k▼
Amounts payable17/49€129k€148k▲
Amounts payable within one year42/48€129k€148k▲
Trade debts44€12k€12k▼
Suppliers440/4€12k€12k▼
Other amounts payable47/48€117k€136k▲
Income statement
Code20242025
Other operating charges640/8€3k€1k▼
Gross operating margin9900€-1k€-6k▼
Operating profit (loss)9901€-4k€-7k▼
Financial income75/76B-€27
Recurring financial income75-€27
Financial charges65/66B€74€155▲
Recurring financial charges65€74€155▲
Profit (loss) for the period before taxes9903€-4k€-8k▼
Income taxes67/77-€61
Profit (loss) for the period9904€-4k€-8k▼
Profit (loss) for the period to be appropriated9905€-4k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-72k▼
Profit (loss) brought forward from the previous period14P€-60k€-64k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-63k ▼844%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ichtegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oostendesteenweg(FEER) 2168480 IchtegemGround area
1,331 m²
Building footprint
342 m²
Volume, LiDAR
1,999 m³
Parcel 35003B0918/00W000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Correct Construct
since 20192.296.522.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003B0918/00W000 | Flanders | 1,331 m² | 1 · 341 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,727 companies in sector 64210 we hold annual accounts for 19,759. 9,100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.