CRW CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of CRW CONSTRUCT is 14.6% (high). The 2024 annual accounts show negative equity (-€6,276) and a net result of -€6,276. The company has been active since 2023 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 31-10-2023 Normal situation
- Legal form
- Private limited company
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.355.625.895 since 01-01-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 14.6%
- Gross margin
- -€4,822
- Loss
- €6,276
- Equity
- -€6,276
- Total assets
- €42,816
- Negative equity on 31-12-2024
- 2024 accounts filed 59 days after the deadline
Score breakdownraises risk2 ex-officio strike-offs in the KBO1 financial year not filed after the legal deadline; last filed accounts filed 59 days late; 1 of the last 3 accounts lateFounded in 20232 warning signals in 24 months (strike-off 2)Show the evidence
Checked score
About 1 in 7 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 8% of them on solvency, 14% on liquidity and 10% on profitability.
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 2024 accounts 59 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 59 days after the deadline Filed on 28 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00530479.
Annual accounts 2024 filed on 28-09-2025 PDF
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €2,800 |
| Depreciation and write-downs of the year | €982 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €982 |
| Other operating charges640/8 | €351 |
| Gross operating margin9900 | -€4,822 |
| Operating profit (loss)9901 | -€6,154 |
| Financial charges65/66B | €122 |
| Recurring financial charges65 | €122 |
| Profit (loss) for the period before taxes9903 | -€6,276 |
| Profit (loss) for the period9904 | -€6,276 |
| Profit (loss) for the period to be appropriated9905 | -€6,276 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €42,816 | |
| Fixed assets21/28 | €1,818 | |
| Tangible fixed assets22/27 | €1,818 | |
| Furniture and vehicles24 | €1,818 | |
| Current assets29/58 | €40,998 | |
| Amounts receivable within one year40/41 | €35,186 | |
| Trade receivables40 | €23,513 | |
| Other amounts receivable41 | €11,673 | |
| Cash at bank and in hand54/58 | €5,812 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €42,816 | |
| Equity10/15 | -€6,276 | |
| Profit (loss) carried forward14 | -€6,276 | |
| Amounts payable17/49 | €49,092 | |
| Amounts payable within one year42/48 | €49,092 | |
| Trade debts44 | €44,981 | |
| Suppliers440/4 | €44,981 | |
| Other amounts payable47/48 | €4,112 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€6,276 |
| + Depreciation and write-downs630 | €982 |
| Operating cash flow (approximation) | -€5,294 |
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, 7,639 companies had the same profile as CRW CONSTRUCT has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CRW CONSTRUCT itself is higher: 14.6% within 12 months. It rests on far more data about CRW CONSTRUCT than the profile alone.
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 7,639 companies, not a prediction for CRW 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-09-2025 | 2025-00530479 |
Board & ownership
Directors
Owners and capital
Shareholders
- AL-SAFFAR Ali Ghazi Luaibi 50 shares
- AWAD Rami 50 shares
- AL-SAFFAR Ali Ghazi Luaibi to AWAD Rami 50 shares
- AL-SAFFAR Ali Ghazi Luaibi 50 shares (50%)
- AWAD Rami 50 shares (50%)
Capital transactions
- 06-11-2023 Incorporation · €2,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AWAD Rami |
|
| AL-SAFFAR Ali Ghazi Luaibi |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 06-11-2023 (in Dutch)
Network & group
CRW CONSTRUCT shares no director with another company.
Companies at the same address
147 other companies- LOGLINE Registered office · since 2026 1044050293
- MM ELITE EXPRESS Registered office · since 2026 1044257458
- MANS WERKEN Registered office · since 2026 1043841546
- YEK CONSTRUCTION Registered office · since 2026 1043721978
- OLTENIA COLORS Registered office · since 2026 1043482547
- RN DECOR Registered office · since 2026 1043069803
- BF Constructions Registered office · since 2026 0474474708
- Freitas Group Registered office · since 2026 1041906890
- AS MOBILITY Registered office · since 2026 1039861477
- PLOMBERIE HENDRICKS Registered office · since 2026 1039716868
Connections & network
1 current directorThe network starts from the directors of CRW CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-01
Gazette deed
Transfer of 50 sharesAppointment: AWAD Rami (director) · Resignation: AL-SAFFAR Ali Ghazi Luaibi (director) · Shareholding8 points ▸
- General meeting, 01-06-2024
- Other provision, “aanwezigheid-en-convocaties, volledige aanwezige kapitaal” (deed in Dutch)
- AL-SAFFAR Ali Ghazi Luaibi holds 50 shares
- AWAD Rami holds 50 shares
- Director appointment, AWAD Rami (director)
- Share transfer, AL-SAFFAR Ali Ghazi Luaibi → AWAD Rami
- Director resignation, AL-SAFFAR Ali Ghazi Luaibi (director)
- AWAD Rami holds 100 shares
06-11
Gazette deed
IncorporationStarting capital €2,000 · Appointment: AL-SAFFAR Ali Ghazi Luaibi (director) · Founder8 points ▸
- Incorporation, “CRW CONSTRUCT” (deed in Dutch)
- Founder, AL-SAFFAR Ali Ghazi Luaibi
- Founder, AWAD Rami
- Founding capital, €2,000
- Capital
- Registered office clause, “1780 Wemmel,Koningin Astridlaan,49” (deed in Dutch)
- Director appointment, AL-SAFFAR Ali Ghazi Luaibi (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening vennootschap in oprichting” (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
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22662B0408/00S005 | Flanders | 1,531 m² | 1 · 587 m² | 13.9 m · 4 |