COY CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of COY CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €24,754 and a net result of €21,754. Its solvency ranks better than 71% of 1,249 sector peers (NACE 42, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Construction of roads and motorways
NACE 42110General construction of residential buildings NACE 41001
1 site
Size
≈ €210,000turnover 2025, estimated
- Staff
- 0.9 FTE
- Equity
- €24,754
- Profit
- €21,754
Turnover estimated from the gross margin
Why 55raises riskFounded in 2025Size: total assets €38,894Liquidity: current ratio 2.74, cash €555lowers riskFigures for financial year 2025 (filed 23-07-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 63% of its sector peers (NACE 42, micro)
Financial strength
Strong
Solvency
89
equity 63.6% of total assets
Liquidity
35
short-term debt 36.4% · cash 1.4%
Profitability
100
return on assets 55.9%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 1.8%lowest value
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 2.2%▲ +0.4 percentage points vs 03-2026
05-2026: 2.3%▲ +0.1 percentage points vs 04-2026
06-2026: 2.5%▲ +0.2 percentage points vs 05-2026highest value
07-2026: 2.5%● unchanged vs 06-2026highest value
08-2026: 2.1%▼ -0.4 percentage points vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.74, above the usual 1.5; short-term debt: 36.4% and cash: 1.4% of total assets), and 36.4% of the assets are financed with debt and provisions.
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 (NACE 42, micro): better than 72% on solvency, 26% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 27-10-2026 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. 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 riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
8 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: ÇELIK Onur Yaman (director)…
Financials · financial year 2025, micro format
Turnover
≈ €210,000
Estimated: probably between €140,000 and €360,000
Total assets
€38,894
Net result
€21,754
Working capital
€24,544
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €38,894
Fixed assets
€210
Current assets
€38,684
Equity and liabilities €38,894
Equity
€24,754
Debt
€14,141
Debt finances 36.4% of the balance-sheet total.
Key figures and ratios
Current ratio
2.74
Debt to equity
0.57
ROE
87.9%
ROA
55.9%
Debt ≤ 1 year
€14,141
Income taxes
€7,557
Staff costs
€39,744
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.6%
stopped otherwise
96.6%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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 | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €39,744 |
| Other operating charges640/8 | €400 |
| Gross operating margin9900 | €69,467 |
| Operating profit (loss)9901 | €29,323 |
| Financial charges65/66B | €12 |
| Recurring financial charges65 | €12 |
| Profit (loss) for the period before taxes9903 | €29,311 |
| Income taxes67/77 | €7,557 |
| Profit (loss) for the period9904 | €21,754 |
| Profit (loss) for the period to be appropriated9905 | €21,754 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €38,894 | |
| Fixed assets21/28 | €210 | |
| Financial fixed assets28 | €210 | |
| Current assets29/58 | €38,684 | |
| Amounts receivable within one year40/41 | €38,129 | |
| Trade receivables40 | €32,278 | |
| Other amounts receivable41 | €5,851 | |
| Cash at bank and in hand54/58 | €555 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €38,894 | |
| Equity10/15 | €24,754 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €21,754 | |
| Amounts payable17/49 | €14,141 | |
| Amounts payable within one year42/48 | €14,141 | |
| Trade debts44 | €5,535 | |
| Suppliers440/4 | €5,535 | |
| Taxes, remuneration and social security45 | €8,606 | |
| Taxes450/3 | €7,557 | |
| Remuneration and social security454/9 | €1,048 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €21,754 |
| Operating cash flow (approximation) | €21,754 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00322400 |
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Of the 2,290 active companies whose main activity is construction of roads and motorways (NACE 42110), figures are known for 1,119. 580 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2025
ÇELIK Onur Yaman
CurrentDirector (not named in the articles) · since 07-01-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| ÇELIK Onur Yaman |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 07-01-2025 ↗
- ÇELIK Onur Yaman 100 shares (100%) · €3,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 07-01-2025 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
2026
23-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
07-01
Gazette deed
IncorporationAppointment: ÇELIK Onur Yaman (director) · Capital · Registered office clause13 facts ▸
Gazette deed
Incorporation
Appointment: ÇELIK Onur Yaman (director) · Capital · Registered office clause13 facts ▸
- Capital
- Other provision, “volgende beslissingen comparant, slot-overgangsbepalingen uitwerking” (deed in Dutch)
- Registered office clause, “1731 Zellik,Brusselstesteenweg 680” (deed in Dutch)
- Board rule, 1
- Director appointment, ÇELIK Onur Yaman (director (not named in the articles))
- Other provision, “verklaring op eer bestuurder, artikel 2:55 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Pre-incorporation commitments, “takeover, verbintenissen verplichtingen verrichtingen in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Incorporation, “COY CONSTRUCT” (deed in Dutch)
- Founder, ÇELIK Onur Yaman (oprichter,comparant)
- Founding capital, €3,000
- Other provision, “financieel plan en oprichtersaansprakelijkheid, bedrag aanvangsvermogen verantwoord” (deed in Dutch)
- Bank account, “BNP PARIBAS FORTIS”, 3000 (deed in Dutch)
- +1 further fact in this act
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded03-01-2025
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42110Construction of roads and motorways
41002General construction of office buildings
41003General construction of other non-residential buildings
43350Other building finishing work
68201Renting and operating of own or leased residential real estate, excluding social housing
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:1018177623
Also
9925:BE1018177623
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 1018.177.623
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2025
Ground area
614 m²
Building footprint
70 m²
Building volume
404 m³
Parcel 23095B0128/00H000, Flanders · tallest building 8.9 m. Linked by address, not a title deed.
1 establishment unit
COY CONSTRUCT
since 2025unit no. 2.369.791.657
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23095B0128/00H000 | Flanders | 614 m² | 1 · 70 m² | 8.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de aan- en verkoop,de bouw,de…” (deed in Dutch)
30 activities (deed in Dutch)
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de aan- en verkoop,de bouw,de verbouwing,afbraak en renovatie,de bouw van wegen en autostrades,de de binnenhuisinrichting en decoratie,de huur-en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten
- Alle activiteiten van een projectontwikkelaar
- Het verrichten van schattingen en expertises inzake alle mogelijke onroerende goederen
- Het geven van adviezen voor binnenhuisinrichting en alle daarmee verband houdende voorwerpen en activiteiten zowel groot- en kleinhandel,alsmede de herstelling en het onderhoud van deze goederen,import en export,groot- en kleinhandel en alles wat hiermee in verband staat
- Projectmanagement en projectontwikkeling en alles wat daarmee gepaard gaat zoals de promotie,realisatie,verkoop en commercialisatie van projecten,omvattende onder meer maar niet uitsluitend het begeleiden van bouwprojecten,het uitvoeren van projectopvolging,toezicht,werfbegeleiding en expertises,kostencalculaties en budgetbeheer,de coördinatie van de bouwwerken en de controle daarop tijdens en nadien,alsook de algemene coördinatie van de werkzaamheden op de bouwwerf in het algemeen en in het bijzonder de werkzaamheden die betrekking hebben op de gehele of gedeeltelijke uitvoering van bouwvoltooiingswerken door onderaannemers,het verlenen van technische,juridische en administratieve adviezen,allerlei adviezen aan de bouwheer,het onderhandelen met en het aanstellen van architecten,aannemers en andere betrokken personen,het optreden tegenover allerlei overheden en instanties voor vergunningen en andere administratieve procedures;Alle coördinatiewerken met betrekking tot bouwkundige werkzaamheden,het toezien op de bouwwerkzaamheden,ruwbouw,installatie,afwerking enzovoort
- Alle mogelijke verrichtingen die rechtsreeks of onrechtstreeks verband houden met de bouw en verbouwing,het onderhoud,de oprichting,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van onroerende goederen en,algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met bouwwerken in de ruimste zin van het woord
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen
- Het verwerven van alle mogelijke terreinen,het bouwen van gebouwen,de aankoop,de verkoop,de verhuur,de verdeling en de verkaveling van alle mogelijke onroerende goederen
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van gebouwen
- De voorbereiding,de opstelling en het afsluiten,zowel als mandataris als voor eigen rekening van alle mogelijke overeenkomsten voor werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden
- Reinigen van oude en nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Algemeen onderhoud en reiniging van gebouwen
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Lappen van ramen
- Isolatiewerkzaamheden
- Onderneming voor het uitvoeren van voegwerken
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden
- Harden en poetsen van metaal
- Verven,graveren en bedrukken van metaal
- Boren,draaien,frezen,schaven,lappen,tekfrezen,vlakken,zagen,slijpen,lassen,enz.van metalen stukken
- Ruimen van bouwterreinen
- Onderhouden van tuinen,parken en het groene gedeelte van sportterreinen
- Grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven
- Verlaging van het grondwaterpeil en drainage van bouwterreinen
- Activiteiten van decorateur-etalagisten
- Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
- Groot- en kleinhandel in bouw- en reinigingsmaterialen,algemeen assortiment
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,enz.
- Handel in eigen onroerend goed
- Overige zakelijke dienstverlening
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- COY CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 15. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Uitvoering opdracht in naam en voor rekening van rechtspersoon, algemene vergadering bepaalt aantal,duur opdracht en bij meerdere…” (deed in Dutch)“Algemene kosten,los van representatie-,reis-en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige aandeelhouder…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 19. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)“Beslissing algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed