CRAIOVA CONSTRUCT
ActiveSummary
CRAIOVA CONSTRUCT has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,060 and a net result of -€837. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 95% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-03-2013 Normal situation
- Registered office
- 70 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.217.822.351 1050 Elsene, since 18-03-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2026
Board and ownership
- Bérenger DROUINDirector · since 20-12-2024
- de KERCHOVE d’EXAERDE Guillaume Bernard Thierry Marie Ghislain AlbertDirector
- DESPIEGELAERE Michael Paul Robert Jean-PierreDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€284
- Loss
- €837
- Equity
- €60,060
- ▼ 1.4%
- Total assets
- €60,782
- ▼ 0.8%
Score breakdownraises risk1 change of registered office in 24 monthsSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 84.12, cash €21,301Equity €60,060 (98.8% of total assets)Show the evidence
Checked score
About 4 in 1,000 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 41, micro). It does better than 92% of them on solvency, 93% on liquidity, 21% on profitability and 33% on growth.
The bankruptcy probability was computed on 02-11-2026 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 7 accounts on average 6 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is a loss of €683, after a profit of €6,269 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €666 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €1,776 | - | - | €400 | - |
| Gross operating margin9900 | -€1,127 | -€644 | -€1,385 | -€1,412 | -€1,439 | -€5,627 | €6,269 | -€284 | - |
| Operating profit (loss)9901 | -€1,793 | -€997 | -€1,732 | -€1,412 | -€3,214 | -€5,627 | €6,269 | -€683 | - |
| Financial income75/76B | - | - | - | €728 | €742 | €757 | €773 | - | - |
| Recurring financial income75 | €725 | €723 | €722 | €728 | €742 | €757 | €773 | - | - |
| Financial charges65/66B | - | - | - | €141 | €153 | €153 | €149 | €153 | ▲ 2.5% |
| Recurring financial charges65 | €149 | €239 | - | €141 | €153 | €153 | €149 | €153 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | -€1,217 | -€512 | -€1,010 | -€825 | -€2,625 | -€5,024 | €6,892 | -€837 | - |
| Income taxes67/77 | - | - | - | - | - | - | €38 | - | - |
| Profit (loss) for the period9904 | -€1,217 | -€512 | -€1,010 | -€825 | -€2,625 | -€5,024 | €6,854 | -€837 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,217 | -€512 | -€1,010 | -€825 | -€2,625 | -€5,024 | €6,854 | -€837 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,514 | €63,526 | €62,516 | €61,691 | €59,066 | €59,274 | €61,286 | €60,782 | ▼ 0.8% |
| Fixed assets21/28 | €91 | €91 | €91 | €91 | €91 | €91 | €91 | €91 | = |
| Financial fixed assets28 | €91 | €91 | €91 | €91 | €91 | €91 | €91 | €91 | = |
| Current assets29/58 | €65,423 | €63,436 | €62,426 | €61,601 | €58,976 | €59,184 | €61,195 | €60,691 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €42,318 | €42,431 | €42,458 | €43,185 | €37,856 | €38,613 | €39,459 | €39,390 | ▼ 0.2% |
| Trade receivables40 | - | - | - | €1,075 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €42,110 | €37,856 | €38,613 | €39,459 | €39,390 | ▼ 0.2% |
| Cash at bank and in hand54/58 | €23,105 | €21,005 | €19,968 | €18,415 | €21,120 | €20,571 | €21,736 | €21,301 | ▼ 2.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,514 | €63,526 | €62,516 | €61,691 | €59,066 | €59,274 | €61,286 | €60,782 | ▼ 0.8% |
| Equity10/15 | €64,039 | €63,526 | €62,516 | €61,691 | €59,066 | €54,043 | €60,897 | €60,060 | ▼ 1.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €49,779 | €49,266 | €48,256 | €47,431 | €44,806 | €39,783 | €46,637 | €45,800 | ▼ 1.8% |
| Amounts payable17/49 | €1,475 | - | - | - | - | €5,232 | €389 | €721 | ▲ 85.5% |
| Amounts payable within one year42/48 | €1,475 | - | - | - | - | €1,919 | €389 | €721 | ▲ 85.5% |
| Trade debts44 | €1,475 | - | - | - | - | €1,919 | €282 | €683 | ▲ 143% |
| Suppliers440/4 | - | - | - | - | - | €1,919 | €282 | €683 | ▲ 143% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €38 | €38 | = |
| Taxes450/3 | - | - | - | - | - | - | €38 | €38 | = |
| Other amounts payable47/48 | - | - | - | - | - | - | €69 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €3,313 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,217 | -€512 | -€1,010 | -€825 | -€2,625 | -€5,024 | €6,854 | -€837 | - |
| + Depreciation and write-downs630 | €666 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€551 | -€512 | -€1,010 | -€825 | -€2,625 | -€5,024 | €6,854 | -€837 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,101 | -€1,036 | -€1,553 | €2,705 | -€549 | €1,165 | -€435 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as CRAIOVA CONSTRUCT has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CRAIOVA CONSTRUCT itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,908 companies, not a prediction for CRAIOVA 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00205017 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00412409 | |
| 31-12-2023 | micro format | 01-08-2024 | 2024-00323420 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00425905 | |
| 31-12-2021 | micro format | 03-07-2022 | 2022-20134665 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59700195 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41900216 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50200529 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49200283 | |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34500082 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-12-2024 Converted to unavailable equity · €14,260
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bérenger DROUIN |
|
| de KERCHOVE d’EXAERDE Guillaume Bernard Thierry Marie Ghislain Albert |
|
| DESPIEGELAERE Michael Paul Robert Jean-Pierre |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, avec ou sans limitation durée”
Articles of association, deed of 24-12-2024 (in French)
Network & group
CRAIOVA CONSTRUCT shares no director with another company.
Companies at the same address
69 other companies- HG Investment Group Registered office · since 2026 0794502353
- GILLION CROWET ESTATE ALLIANCE ADVISORY Registered office · since 2026 1039086764
- INSTITUT SAN MARTÍN DU BENELUX Registered office · since 2026 1037041648
- TNM LOUISE Establishment · since 2026 1033923988
- Antoine Stamatopoulos Law Establishment · since 2025 1027383319
- GILLION CROWET MERODE ALLIANCE Registered office · since 2025 1019996174
- CAPRIULO & PARTNERS Registered office · since 2025 1019305890
- GILLION CROWET ESTATE ALLIANCE Registered office · since 2024 1014593373
- Gillion Crowet Estate Alliance Academy Registered office · since 2024 1014602776
- BLUE S QUARE Establishment · since 2024 0475422734
Connections & network
3 current directorsThe network starts from the directors of CRAIOVA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-07
Gazette deed
Appointments: de KERCHOVE d’EXAERDE Guillaume Bernard Thierry Marie Ghislain Albert (director) and DESPIEGELAERE Michael Paul Robert Jean-Pierre (director)Name change · Registered-office move7 points ▸
- General meeting, 01-07-2026
- Name change, CRAIOVA CONSTRUCT
- Registered-office move, avenue Louise 283 1050 Bruxelles
- Other provision, “rapport de l’administrateur article 5:101 du Code des Sociétés et Associations, élargissement de l'objet social et modification de l’article 3” (deed in French)
- Board composition, DROUIN Bérenger Marie Ghislain (director)
- Director appointment, de KERCHOVE d’EXAERDE Guillaume Bernard Thierry Marie Ghislain Albert (director)
- Director appointment, DESPIEGELAERE Michael Paul Robert Jean-Pierre (director)
24-12
Gazette deed
Change of role: Bérenger DROUIN, from manager to directorAmendment of the articles · Capital conversion · Reserve release12 points ▸
- General meeting, 20-12-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “fonds disponibles pour distribution” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Power of attorney, Gaëtan DELVAUX
- Director resignation, Bérenger DROUIN (manager)
- Director appointment, Bérenger DROUIN (director (not named in the articles))
- Other provision, “exécution de son mandat, décharge au gérant démissionnaire” (deed in French)
- Registered office clause, “1050 Ixelles,rue Lesbroussart 45” (deed in French)
- Other provision, “unanimité, toutes décisions prises à l'unanimité des voix” (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing 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 0523.948.963
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 |
| 21009A1039/00B000 | Brussels | 365 m² | 1 · 110 m² | 18.4 m · 5 |