CPO² Construct
ActiveSummary
The computed 12-month bankruptcy probability of CPO² Construct is 1.9% (moderate). The 2025 annual accounts show equity of €131,032 and a net result of €51,822. Equity is growing by ~58.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 7564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency55▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.76 in 2024; short-term debt: 29% and cash: 22.8% of total assets), but 69.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.2%
Return on assets
11.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
29 d late
2023
29 d late
2022
4 d early
2021
24 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 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Chastre, Construction sector#9 company by equity in Chastre, Construction sector
Equity
€131,032▲ 50.2%
2024 · €87,210
Total assets
€433,839▲ 28.5%
2024 · €337,678
Net result
€51,822▼ 39.2%
2024 · €85,235
Working capital
€76,035▲ 23.6%
2024 · €61,520
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,722--€14,257€32,053€108,972▲ 240%€76,933▼ 29.4%
Net result€39,161above the sector's middle half--€15,471below the sector's middle half€24,084within the sector's middle half€85,235above the sector's middle half▲ 254%€51,822above the sector's middle half▼ 39.2%
Equity€38,362within the sector's middle half-€22,891within the sector's middle half▼ 40.3%€46,975within the sector's middle half▲ 105%€87,210within the sector's middle half▲ 85.7%€131,032above the sector's middle half▲ 50.2%
Total assets€95,396within the sector's middle half-€78,135within the sector's middle half▼ 18.1%€138,554within the sector's middle half▲ 77.3%€337,678above the sector's middle half▲ 144%€433,839above the sector's middle half▲ 28.5%
Debt€57,034-€55,244▼ 3.1%€91,579▲ 65.8%€250,468▲ 173%€274,941▲ 9.8%
Working capital€20,080-€9,188▼ 54.2%€33,979▲ 270%€61,520▲ 81.1%€76,035▲ 23.6%
Solvency40.2%within the sector's middle half-29.3%within the sector's middle half▼ 10.9pp33.9%within the sector's middle half▲ 4.6pp25.8%within the sector's middle half▼ 8.1pp30.2%within the sector's middle half▲ 4.4pp
Staff (FTE)0.9-1.1▲ 22.2%2.2▲ 100%4.2▲ 90.9%5.8▲ 38.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,839
Fixed assets
€231,833 ▲ 19.0%
Current assets
€202,005 ▲ 41.4%
Equity and liabilities €433,839
Equity
€131,032 ▲ 50.2%
Provisions
€27,866
Debt
€274,941 ▲ 9.8%
Debt's share of the balance-sheet total falls from 74.2% to 63.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€127,906▲
2024 · €126,690
Cash flow
€102,795▼
2024 · €102,953
Current ratio
1.60▼
2024 · 1.76
Debt to equity
2.10▼
2024 · 2.87
ROE
39.5%▼
2024 · 97.7%
ROA
11.9%▼
2024 · 25.2%
Interest coverage
17.53▼
2024 · 23.19
Debt ≤ 1 year
€125,970▲
2024 · €81,340
Debt > 1 year
€148,970▼
2024 · €163,528
Income taxes
€17,874▼
2024 · €18,652
Staff costs
€275,363▲
2024 · €175,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 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: 1.9% 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 497,662 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% | 1.7% |
| 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 75% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,479 | €45,259 | €65,510 | €175,696 | €275,363 | ▲ 56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,360 | €13,119 | €17,837 | €17,718 | €50,972 | ▲ 188% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €27,866 | - |
| Other operating charges640/8 | €2,143 | €1,573 | €1,255 | €3,921 | €1,815 | ▼ 53.7% |
| Gross operating margin9900 | €76,703 | €45,693 | €116,654 | €306,307 | €432,949 | ▲ 41.3% |
| Operating profit (loss)9901 | €50,722 | -€14,257 | €32,053 | €108,972 | €76,933 | ▼ 29.4% |
| Financial income75/76B | €6 | €2 | €750 | €376 | €60 | ▼ 84.1% |
| Recurring financial income75 | €6 | €2 | €750 | €376 | €60 | ▼ 84.1% |
| Financial charges65/66B | €597 | €780 | €2,748 | €5,462 | €7,297 | ▲ 33.6% |
| Recurring financial charges65 | €597 | €780 | €2,748 | €5,462 | €7,297 | ▲ 33.6% |
| Profit (loss) for the period before taxes9903 | €50,130 | -€15,035 | €30,054 | €103,886 | €69,696 | ▼ 32.9% |
| Income taxes67/77 | €10,969 | €436 | €5,970 | €18,652 | €17,874 | ▼ 4.2% |
| Profit (loss) for the period9904 | €39,161 | -€15,471 | €24,084 | €85,235 | €51,822 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €39,161 | -€15,471 | €24,084 | €85,235 | €51,822 | ▼ 39.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,396 | €78,135 | €138,554 | €337,678 | €433,839 | ▲ 28.5% |
| Fixed assets21/28 | €29,875 | €20,239 | €31,429 | €194,818 | €231,833 | ▲ 19.0% |
| Tangible fixed assets22/27 | €29,275 | €19,639 | €30,829 | €194,218 | €226,333 | ▲ 16.5% |
| Plant, machinery and equipment23 | €6,676 | €5,179 | €2,748 | €12,798 | €64,591 | ▲ 405% |
| Furniture and vehicles24 | €22,600 | €14,460 | €6,935 | €49,535 | €58,107 | ▲ 17.3% |
| Leasing and similar rights25 | - | - | €21,147 | €131,885 | €103,636 | ▼ 21.4% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €5,500 | ▲ 817% |
| Current assets29/58 | €65,521 | €57,895 | €107,125 | €142,860 | €202,005 | ▲ 41.4% |
| Amounts receivable within one year40/41 | €26,389 | €49,177 | €76,339 | €49,251 | €97,444 | ▲ 97.9% |
| Trade receivables40 | €6,389 | €22,999 | €67,128 | €32,464 | €72,404 | ▲ 123% |
| Other amounts receivable41 | €20,000 | €26,178 | €9,211 | €16,787 | €25,041 | ▲ 49.2% |
| Cash at bank and in hand54/58 | €38,030 | €5,689 | €24,624 | €93,010 | €98,827 | ▲ 6.3% |
| Deferred charges and accrued income490/1 | €1,102 | €3,029 | €6,162 | €598 | €5,734 | ▲ 859% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,396 | €78,135 | €138,554 | €337,678 | €433,839 | ▲ 28.5% |
| Equity10/15 | €38,362 | €22,891 | €46,975 | €87,210 | €131,032 | ▲ 50.2% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | - | - | - | €85,000 | €129,000 | ▲ 51.8% |
| Distributable reserves133 | - | - | - | €85,000 | €129,000 | ▲ 51.8% |
| Profit (loss) carried forward14 | €38,361 | €22,890 | €46,974 | €2,209 | €2,031 | ▼ 8.0% |
| Provisions and deferred taxes16 | - | - | - | - | €27,866 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €27,866 | - |
| Environmental obligations163 | - | - | - | - | €27,866 | - |
| Amounts payable17/49 | €57,034 | €55,244 | €91,579 | €250,468 | €274,941 | ▲ 9.8% |
| Amounts payable after more than one year17 | €11,592 | €6,536 | €18,433 | €163,528 | €148,970 | ▼ 8.9% |
| Financial debts170/4 | €11,592 | €6,536 | €18,433 | €125,278 | €90,720 | ▼ 27.6% |
| Other amounts payable178/9 | - | - | - | €38,250 | €58,250 | ▲ 52.3% |
| Amounts payable within one year42/48 | €45,441 | €48,708 | €73,146 | €81,340 | €125,970 | ▲ 54.9% |
| Current portion of amounts payable after more than one year42 | €4,908 | €5,056 | €10,002 | €33,744 | €34,558 | ▲ 2.4% |
| Trade debts44 | €11,084 | €11,370 | €51,037 | €14,611 | €23,034 | ▲ 57.6% |
| Suppliers440/4 | €11,084 | €11,057 | €21,903 | €14,611 | €23,034 | ▲ 57.6% |
| Bills of exchange payable441 | - | €312 | €29,134 | - | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €7,000 | - |
| Taxes, remuneration and social security45 | €12,971 | €14,221 | €3,412 | €18,254 | €16,188 | ▼ 11.3% |
| Taxes450/3 | €12,187 | €10,969 | - | €6,651 | - | - |
| Remuneration and social security454/9 | €785 | €3,252 | €3,412 | €11,603 | €16,188 | ▲ 39.5% |
| Other amounts payable47/48 | €16,478 | €18,060 | €8,694 | €14,730 | €45,190 | ▲ 207% |
| Accrued charges and deferred income492/3 | - | - | - | €5,600 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,161 | -€15,471 | €24,084 | €85,235 | €51,822 | ▼ 39.2% |
| + Depreciation and write-downs630 | €10,360 | €13,119 | €17,837 | €17,718 | €50,972 | ▲ 188% |
| Operating cash flow (approximation) | €49,521 | -€2,352 | €41,921 | €102,953 | €102,795 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€3,483 | -€29,026 | -€181,107 | -€87,988 | ▲ 51.4% |
| Change in cash | - | -€32,341 | €18,935 | €68,386 | €5,816 | ▼ 91.5% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Equity above €100,000Eq €131,032 ▲50.2%
3 profitable years in a row build equity to €131,032.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €85,235 ▲254%
Operating result €108,972, net result €85,235, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €24,084
Net result €24,084 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€15,471
Net result drops to -€15,471, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Chastre · 1 establishment unit since 2020
Ground area
1,454 m²
Building footprint
83 m²
Volume, LiDAR
603 m³
Parcel 25094A0198/00V000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CPO² Construct
since 20202.310.671.543
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25094A0198/00V000 | Wallonia | 1,454 m² | 1 · 83 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
12 categoriesCPO² Construct SRL42800
Legal Entity Identifier
254900K8R4SB0WBCFH07
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,856 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
Founded02-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
42211Civil engineering
42212Civil engineering
42219Civil engineering
43110Demolition
43120Site preparation
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43343Specialised construction activities
43350Other building finishing work
43410Roofing work
43421Specialised construction activities
43422Screed work
43990Other specialised construction activities
71113Urban planning and landscape architecture
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759373804
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.