CROVA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of CROVA CONSTRUCT is 3.4% (moderate). The 2025 annual accounts show equity of €28,341 and a net result of €8,341. The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
- Equity
- €28,341
- Profit
- €8,341
- Largest shareholder
- CROMBEZ CONSTRUCT · 50%
- CROMBEZ CONSTRUCTDirector
- VACHO J.Director
Why 53raises riskLast filed accounts filed 146 days late; 1 of the last 3 lateFounded in 2023No main activity registeredlowers riskLiquidity: current ratio 9.57, cash €15,562Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro): better than 81% on solvency, 90% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 24-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
- Annual accounts filedfinancial year 2025 · micro…
- Address struckevent 14-07-2026
- IncorporationAppointments: CROMBEZ CONSTRUCT (director) and…
Financials · financial year 2025, micro format
2025 annual accounts filed late (146 days) Filed on 23 September 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00521800.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 497,475 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 39,278 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.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €14,396 |
| Gross operating margin9900 | €31,196 |
| Operating profit (loss)9901 | €16,800 |
| Financial charges65/66B | €5,679 |
| Recurring financial charges65 | €5,679 |
| Profit (loss) for the period before taxes9903 | €11,121 |
| Income taxes67/77 | €2,780 |
| Profit (loss) for the period9904 | €8,341 |
| Profit (loss) for the period to be appropriated9905 | €8,341 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €31,649 | |
| Current assets29/58 | €31,649 | |
| Amounts receivable within one year40/41 | €16,087 | |
| Other amounts receivable41 | €16,087 | |
| Cash at bank and in hand54/58 | €15,562 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €31,649 | |
| Equity10/15 | €28,341 | |
| Contributions10/11 | €20,000 | |
| Reserves13 | €8,341 | |
| Distributable reserves133 | €8,341 | |
| Amounts payable17/49 | €3,308 | |
| Amounts payable within one year42/48 | €3,308 | |
| Trade debts44 | €528 | |
| Suppliers440/4 | €528 | |
| Taxes, remuneration and social security45 | €2,780 | |
| Taxes450/3 | €2,780 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €8,341 |
| Operating cash flow (approximation) | €8,341 |
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 |
|---|---|---|---|
| 30-09-2025 | micro format | 23-09-2026 | 2026-00521800 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CROMBEZ CONSTRUCT |
|
| VACHO J. |
|
Owners and capital
Owners
1 ownerOwners 1
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- CROMBEZ CONSTRUCT (BE 0764.899.339) 50 shares (50%)
- VACHO J. (BE 0765.945.751) 50 shares (50%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 02-01-2024 Incorporation · €20,000 · 100 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
02-01
Gazette deed
IncorporationAppointments: CROMBEZ CONSTRUCT (director) and VACHO J. (director) · Founder · Registered office clause11 facts ▸
- Incorporation, 28-12-2023
- Founder, CROMBEZ CONSTRUCT
- Founder, VACHO J.
- Other provision, “eerste boekjaar”, 30-09-2025 (deed in Dutch)
- Registered office clause, “8400 Oostende,Pycke de ten Aerdelaan 43” (deed in Dutch)
- Board rule, 2
- Director appointment, CROMBEZ CONSTRUCT (director)
- Director appointment, VACHO J. (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten ondernomen door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Founding capital, €20,000
- Shareholding, 50 (2 times)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35020C0287/00W023 | Flanders | 328 m² | 1 · 268 m² | 7.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CROVA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “West-Vlaanderen, 8400 Oostende,Pycke de ten Aerdelaan 43” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, algemene vergadering” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of March at 19:00
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.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)