Costa Construct
ActiveThe file of Costa Construct contains 1 historical bankruptcy publication and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 10.9% (high). The 2024 annual accounts show equity of €48,887 and a net result of €47,097. Equity is growing by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 36380 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency65▼-35
Growth82▲+50
Track record69
Bankruptcy probability, 12 months
10.9%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.68; short-term debt: 59.6% and cash: 0.5% of total assets), but 59.6% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
40.4%
Return on assets
38.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
190 d late
2022
31 d late
2021
306 d late
2020
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 150 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Turnover
€122,834▲ 17.6%
2023 · €104,428
EBIT margin
51.2%▲ 58.9pp
2023 · -7.7%
Net result
€47,097
2023 · -€10,602
Working capital
€48,887▲ 396%
2022 · €9,862
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
Line20202021202220232024
Turnover€104,428€122,834▲ 17.6%
Operating result€2,235-€9,327▲ 317%€514▼ 94.5%-€8,005€62,945
Net result€1,787-€5,300▲ 197%-€694-€10,602▼ 1,427%€47,097
EBIT margin-7.7%51.2%▲ 58.9pp
Equity€7,787-€13,087▲ 68.1%€12,392▼ 5.3%€1,791▼ 85.6%€48,887▲ 2,630%
Total assets€190,010-€99,005▼ 47.9%€58,882▼ 40.5%€1,791▼ 97.0%€120,994▲ 6,658%
Debt€182,223-€85,919▼ 52.8%€46,490▼ 45.9%€72,107
Working capital-€4,977--€9,659▼ 94.1%€9,862€48,887
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +6,658% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €62,945 after a loss of €8,005 in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €120,994
Equity
€48,887
Debt
€72,107
Debt finances 59.6% of the balance-sheet total.
Key figures and ratios
Current ratio
1.68
Debt to equity
1.47
ROE
96.3%
ROA
38.9%
Debt ≤ 1 year
€72,107
Income taxes
€15,699▲
2023 · -€517
Staff costs
€12,802▲
2023 · €838
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €104,428 | €122,834 | ▲ 17.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €107,294 | €47,087 | ▼ 56.1% |
| Remuneration, social security and pensions62 | - | €10,622 | €4,255 | €838 | €12,802 | ▲ 1,428% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,000 | €8,199 | €233 | - | - | - |
| Other operating charges640/8 | - | €905 | €398 | €4,300 | - | - |
| Non-recurring operating charges66A | - | - | €21,983 | - | - | - |
| Gross operating margin9900 | €5,961 | €29,054 | €27,382 | -€2,867 | €75,747 | ▲ 2,742% |
| Operating profit (loss)9901 | €2,235 | €9,327 | €514 | -€8,005 | €62,945 | ▲ 886% |
| Financial charges65/66B | - | €2,559 | €1,208 | €3,114 | €150 | ▼ 95.2% |
| Recurring financial charges65 | €0 | €2,559 | €1,208 | €585 | €150 | ▼ 74.4% |
| Non-recurring financial charges66B | - | - | - | €2,530 | - | - |
| Profit (loss) for the period before taxes9903 | €2,234 | €6,769 | -€694 | -€11,119 | €62,796 | ▲ 665% |
| Income taxes67/77 | €448 | €1,469 | - | -€517 | €15,699 | ▲ 3,135% |
| Profit (loss) for the period9904 | €1,787 | €5,300 | -€694 | -€10,602 | €47,097 | ▲ 544% |
| Profit (loss) for the period to be appropriated9905 | €1,787 | €5,300 | -€694 | -€10,602 | €47,097 | ▲ 544% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,010 | €99,005 | €58,882 | €1,791 | €120,994 | ▲ 6,658% |
| Fixed assets21/28 | €12,763 | €22,746 | €2,530 | €0 | - | - |
| Tangible fixed assets22/27 | €12,000 | €21,983 | €1,167 | - | - | - |
| Furniture and vehicles24 | - | €21,983 | €1,167 | - | - | - |
| Financial fixed assets28 | €763 | €763 | €1,363 | €0 | - | - |
| Current assets29/58 | €177,247 | €76,259 | €56,352 | €1,791 | €120,994 | ▲ 6,658% |
| Amounts receivable within one year40/41 | €151,900 | €71,314 | €42,616 | €1,341 | €120,425 | ▲ 8,883% |
| Trade receivables40 | - | €8,152 | €1,516 | - | €98,229 | - |
| Other amounts receivable41 | - | €63,162 | €41,100 | €1,341 | €22,196 | ▲ 1,556% |
| Cash at bank and in hand54/58 | €25,346 | €4,945 | €13,736 | €450 | €569 | ▲ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,010 | €99,005 | €58,882 | €1,791 | €120,994 | ▲ 6,658% |
| Equity10/15 | €7,787 | €13,087 | €12,392 | €1,791 | €48,887 | ▲ 2,630% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Capital10 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Issued capital100 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €1,787 | €7,087 | €6,392 | -€4,209 | €42,887 | ▲ 1,119% |
| Amounts payable17/49 | €182,223 | €85,919 | €46,490 | - | €72,107 | - |
| Amounts payable within one year42/48 | €182,223 | €85,919 | €46,490 | - | €72,107 | - |
| Trade debts44 | €135,274 | €45,410 | €31,369 | - | €47,899 | - |
| Suppliers440/4 | - | €45,410 | €31,369 | - | - | - |
| Bills of exchange payable441 | - | - | - | - | €47,899 | - |
| Taxes, remuneration and social security45 | - | €21,822 | €155 | - | €24,208 | - |
| Taxes450/3 | - | €8,383 | - | - | €17,949 | - |
| Remuneration and social security454/9 | - | €13,440 | €155 | - | €6,259 | - |
| Other amounts payable47/48 | - | €18,686 | €14,966 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,787 | €5,300 | -€694 | -€10,602 | €47,097 | ▲ 544% |
| + Depreciation and write-downs630 | €3,000 | €8,199 | €233 | - | - | - |
| Operating cash flow (approximation) | €4,787 | €13,499 | -€461 | -€10,602 | €47,097 | ▲ 544% |
| Investment in fixed assets (approximation) | - | -€18,182 | €19,983 | €2,530 | - | - |
| Change in cash | - | -€20,401 | €8,791 | -€13,286 | €119 | ▲ 101% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
18-08
KBO administration
Address strikeout annulled
25-07
KBO administration
Address struck
12-06
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2024
31-12
Financial
Back to profitnet €47,097
Net result €47,097 after 2 loss-making years.
2023
31-12
Financial
Weakest financial yearnet -€10,602
Net result drops to -€10,602, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 306 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Brussel · 1 establishment unit since 2019
Ground area
525 m²
Building footprint
454 m²
Volume, LiDAR
6,642 m³
2 parcels, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
53
companies at this address
See who is registered here
1 establishment unit
Costa Construct
since 20192.337.126.314
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0379/00S000 | Brussels | 429 m² | 1 · 404 m² | 19.4 m · 5 fl. |
| 21812N0745/00M000 | Brussels | 96 m² | 1 · 49 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
6994006MQQG2XSARSL25
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 1,021 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
Founded10-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43350Other building finishing work
43990Other specialised construction activities
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735946819
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.