Costa Construct
ActiveSummary
The computed 12-month bankruptcy probability of Costa Construct is at least 25% (high). The 2024 annual accounts show equity of €48,887 and a net result of €47,097. Equity has been growing by about 40% per year since 2020. Its solvency ranks better than 43% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 3 administrative register entries.
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-2019 Normal situation
- Registered office
- 59 active companies are registered at this address 9 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Insulation installation NACE 43230and 4 others
- Establishment unit
- 2.337.126.314 1000 Brussel, since 10-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- ≥ 25%
- Turnover
- €122,834
- ▲ 17.6%
- Profit
- €47,097
- Equity
- €48,887
- ▲ 27×
- Total assets
- €120,994
- ▲ 68×
- Staff
- ≈ 0.4 FTE
- estimated
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed on 15-10-2025)2 ex-officio strike-offs in the KBO1 financial year not filed after the legal deadline; last filed accounts filed 71 days late; 3 of the last 3 accounts lateShow the evidence
Checked score
About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).
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 43% of them on solvency, 11% on liquidity, 92% on profitability and 84% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 150 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 10-10-2025 PDF all 5 filings
2020 to 2024, 5 financial years
The operating result for 2024 is a profit of €62,945, after a loss of €8,005 in 2023. It is the highest result since 2020.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €18,182 | €1,400 | - | - |
| Financial fixed assets | - | €600 | - | - |
| Depreciation and write-downs of the year | €8,199 | €233 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Costa Construct: insulation installation (NACE 43230). They are comparable in size and age: total assets between €122,000 and €135,000, founded between 2019 and 2020.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| Costa Construct Brussel | 2019 | €120,994 | €48,887 | €75,747 | €122,834 | €47,097 | 2024 |
| AMPERIA Jodoigne | 2019 | €134,869 | €75,814 | €71,992 | - | €58,037 | 2026 |
| ANTOINE CHARPENTIER Theux | 2019 | €128,461 | €82,320 | €67,110 | - | €47,247 | 2025 |
| MOTRESKU Opwijk | 2020 | €121,957 | €76,649 | €84,301 | - | €54,875 | 2025 |
| DOCIG Tournai | 2020 | €132,529 | €51,725 | €85,051 | - | €31,335 | 2025 |
| ISOFLUX Genk | 2020 | €132,031 | €92,204 | €91,485 | - | €9,823 | 2025 |
| OGRACCO INVEST Dilbeek | 2020 | €129,787 | €83,813 | €84,146 | €285,740 | €34,026 | 2025 |
They were chosen from the 1,186 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 26,972 companies had the same profile as Costa Construct has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Costa Construct itself is higher: ≥ 25% within 12 months. It rests on far more data about Costa Construct than the profile alone.
Test of the method
The method was tested on the 497,445 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 26,972 companies, not a prediction for Costa Construct. 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.
| 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 | ▲ 15× |
| 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 | - |
| Operating profit (loss)9901 | €2,235 | €9,327 | €514 | -€8,005 | €62,945 | - |
| 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 | - |
| Income taxes67/77 | €448 | €1,469 | - | -€517 | €15,699 | - |
| Profit (loss) for the period9904 | €1,787 | €5,300 | -€694 | -€10,602 | €47,097 | - |
| Profit (loss) for the period to be appropriated9905 | €1,787 | €5,300 | -€694 | -€10,602 | €47,097 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,010 | €99,005 | €58,882 | €1,791 | €120,994 | ▲ 68× |
| 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 | ▲ 68× |
| Amounts receivable within one year40/41 | €151,900 | €71,314 | €42,616 | €1,341 | €120,425 | ▲ 90× |
| Trade receivables40 | - | €8,152 | €1,516 | - | €98,229 | - |
| Other amounts receivable41 | - | €63,162 | €41,100 | €1,341 | €22,196 | ▲ 17× |
| 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 | ▲ 68× |
| Equity10/15 | €7,787 | €13,087 | €12,392 | €1,791 | €48,887 | ▲ 27× |
| 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 | - |
| 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 | - |
| + Depreciation and write-downs630 | €3,000 | €8,199 | €233 | - | - | - |
| Operating cash flow (approximation) | €4,787 | €13,499 | -€461 | -€10,602 | €47,097 | - |
| Investment in fixed assets (approximation) | - | -€18,182 | €19,983 | €2,530 | - | - |
| Change in cash | - | -€20,401 | €8,791 | -€13,286 | €119 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 10-10-2025 | 2025-00542414 | |
| 31-12-2023 | micro format | 06-02-2025 | 2025-00031202 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00429187 | |
| 31-12-2021 | micro format | 02-06-2023 | 2023-00115407 | |
| 31-12-2020 | micro format | 30-12-2021 | 2021-82500073 |
Board & ownership
Directors
Board 1
Other functions 1
Owners and capital
Shareholders
- Onica Vasile all shares
- Ciobica Toader to Onica Vasile 100 shares
- Ciobica Toader Viorel all shares
- Bruzha Stephan werkende vennoot
- Solcan Constantin to Ciobica Toader Viorel 100 shares
- Mytryk Konstantyn werkende vennoot
- Solcan Constantin all shares
- Mytryk Konstantyn to Solcan Constantin 1 share
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Onica Vasile |
|
| Ciobica Toader Viorel |
|
| Ciobica Toader |
|
| SOLCAN Constantin |
|
Network & group
Costa Construct shares no director with another company.
Companies at the same address
58 other companies- CASTEX, Lise (sole trader) Establishment · since 2026 1044349312
- FARCAS SOLUTION TRANSPORT Registered office · since 2026 1043490069
- RENAUD PRO RENOV Establishment · since 2026 1043490465
- MASTER SERVICES GROUP Registered office · since 2026 0772747728
- LINGUA ACADEMY BRUSSELS Registered office · since 2026 1037920883
- GAZIUK GENERAL WORKS Registered office · since 2026 1036377494
- HAREA PROJECT Registered office · since 2026 1035954456
- LOCAL WEB Establishment · since 2026 0685950940
- BAZEL COMPANY Registered office · since 2026 1034346929
- ALEXA DESIGN Registered office · since 2026 1033896670
Connections & network
1 current directorThe network starts from the directors of Costa Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-05
Gazette deed
Registered office moved within BruxellesDirector in office3 points ▸
- Director in office, ONIGA VASILE (administrator)
- General meeting, “siege social”, 11 12 2025 (deed in French)
- Registered-office move, PLACE DES BARRICADES 1 ?BOITE 19 1000 BRUXELLES
14-03
Gazette deed
Registered officeRegistered-office move · Director in office3 points ▸
- General meeting, 26-02-2025
- Registered-office move, Drukpersstraat 9-11, 1000 Brussel
- Director in office, Onica Vasile (director)
04-09
Gazette deed
Registered office moved within Sint-GillisTransfer of 100 shares · Resignation: Ciobica Toader (director) · Appointment: Onica Vasile (director)6 points ▸
- General meeting, 07-08-2024
- Director resignation, Ciobica Toader (director)
- Director appointment, Onica Vasile (director)
- Share transfer, Ciobica Toader → Onica Vasile
- Onica Vasile holds all the shares
- Registered-office move, 1060 Sint-Gillis,Munthofstraat 133 ES
05-03
Gazette deed
Registered office moved from Ninove to ST GillesTransfer of 100 shares · Resignation: Solcan Constantin (director) · Appointment: Ciobica Toader Viorel (bestuurer)7 points ▸
- General meeting, 31-12-2023
- Director resignation, Solcan Constantin (director)
- Share transfer, Solcan Constantin → Ciobica Toader Viorel
- Ciobica Toader Viorel holds all the shares
- Registered-office move, Avenue Fonsny 125/1 +2,1060 ST Gilles
- Director appointment, Ciobica Toader Viorel (bestuurer)
- Partner, Bruzha Stephan (werkende vennoot)
Show earlier events
20-03
Gazette deed
Transfer of 1 sharePartner · Shareholding6 points ▸
- General meeting, 30-09-2021
- Other provision, “secretaris, meeting secretary” (deed in Dutch)
- Partner, Mytryk Konstantyn (werkende vennoot)
- Share transfer, Mytryk Konstantyn → Solcan Constantin
- Solcan Constantin holds all the shares
- Other provision, “besluitvorming, stemming na korte discussie” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 0735.946.819
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0379/00S000 | Brussels | 429 m² | 1 · 404 m² | 19.4 m · 5 |
| 21812N0745/00M000 | Brussels | 96 m² | 1 · 49 m² | 16.3 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.