Fair-Play Construct
ActiveSummary
The computed 12-month bankruptcy probability of Fair-Play Construct is 12.8% (high). The 2024 annual accounts show negative equity (-€58,208) and a net result of -€153,607. Equity has been shrinking by about 87% per year since 2022. Its solvency ranks better than 5% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-10-2020 Normal situation
- Registered office
- 17 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Other specialised construction activities NACE 43990and 5 others
- Establishment unit
- 2.376.553.151 1731 Asse, since 13-10-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 12.8%
- Gross margin
- -€150,598
- Loss
- €153,607
- Equity
- -€58,208
- Total assets
- €47,212
- ▼ 55.2%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 05-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 65 days late; 3 of the last 3 accounts lateLoss of €153,607 (financial year 2024)Show the evidence
Checked score
About 1 in 8 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 43, micro). It does better than 3% of them on solvency, 4% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 03-11-2026 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 3 accounts on average 232 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 04-10-2025 PDF all 3 filings
Every figure per financial year
The operating result for 2024 is a loss of €153,181, after a profit of €52,518 in 2023. It is the lowest result since 2022.
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €1,445 | - | €1,445 |
| Depreciation and write-downs of the year | - | - | €1,020 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €216,768 | €322,503 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €172,434 | €268,509 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,020 | - |
| Other operating charges640/8 | €1,050 | €1,475 | €1,563 | ▲ 5.9% |
| Gross operating margin9900 | €44,334 | €53,993 | -€150,598 | - |
| Operating profit (loss)9901 | €43,285 | €52,518 | -€153,181 | - |
| Financial charges65/66B | €289 | €215 | €426 | ▲ 97.9% |
| Recurring financial charges65 | €289 | €215 | €426 | ▲ 97.9% |
| Profit (loss) for the period before taxes9903 | €42,996 | €52,303 | -€153,607 | - |
| Profit (loss) for the period9904 | €42,996 | €52,303 | -€153,607 | - |
| Profit (loss) for the period to be appropriated9905 | €42,996 | €52,303 | -€153,607 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64,241 | €105,398 | €47,212 | ▼ 55.2% |
| Fixed assets21/28 | €1,445 | €1,445 | €425 | ▼ 70.6% |
| Tangible fixed assets22/27 | €1,445 | €1,445 | €425 | ▼ 70.6% |
| Furniture and vehicles24 | - | - | €425 | - |
| Other tangible fixed assets26 | €1,445 | €1,445 | - | - |
| Current assets29/58 | €62,796 | €103,953 | €46,787 | ▼ 55.0% |
| Amounts receivable within one year40/41 | €4,352 | €49,589 | €44,693 | ▼ 9.9% |
| Trade receivables40 | - | €48,122 | €29,865 | ▼ 37.9% |
| Other amounts receivable41 | €4,352 | €1,467 | €14,829 | ▲ 911% |
| Cash at bank and in hand54/58 | €16,145 | €17,873 | €2,094 | ▼ 88.3% |
| Deferred charges and accrued income490/1 | €42,299 | €36,491 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64,241 | €105,398 | €47,212 | ▼ 55.2% |
| Equity10/15 | €43,096 | €95,398 | -€58,208 | - |
| Contributions10/11 | €100 | €100 | €100 | = |
| Capital10 | €100 | €100 | - | - |
| Issued capital100 | €100 | €100 | - | - |
| Profit (loss) carried forward14 | €42,996 | €95,298 | -€58,308 | - |
| Amounts payable17/49 | €21,146 | €10,000 | €105,420 | ▲ 954% |
| Amounts payable within one year42/48 | €21,146 | €10,000 | €105,420 | ▲ 954% |
| Trade debts44 | €21,146 | €10,000 | €80,518 | ▲ 705% |
| Suppliers440/4 | €21,146 | €10,000 | €80,518 | ▲ 705% |
| Other amounts payable47/48 | - | - | €24,902 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,996 | €52,303 | -€153,607 | - |
| + Depreciation and write-downs630 | - | - | €1,020 | - |
| Operating cash flow (approximation) | €42,996 | €52,303 | -€152,586 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €1,728 | -€15,779 | - |
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, 6,008 companies had the same profile as Fair-Play Construct has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Fair-Play Construct itself is higher: 12.8% within 12 months. It rests on far more data about Fair-Play 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 6,008 companies, not a prediction for Fair-Play 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.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GONDIM Robson Sebastiao |
|
| Cunha Soares Adilson |
|
Timeline
Acts, filings and financial milestones
10-02
Gazette deed
Registered office moved from Asse to VilvoordeNew seat: Mechelsesteenweg 151A, 1800 Vilvoorde · Previous seat: Wilgendaal 17, 1731 Asse2 points ▸
- General meeting, 01-06-2025
- Registered-office move, Mechelsesteenweg 151A, 1800 Vilvoorde
19-04
Gazette deed
Registered office moved from Brussel to AsseNew seat: Wilgendaal 17, 1731 Asse · Previous seat: Jan Palfynlaan 20, 1020 Brussel · Resignation: Cunha Soares Adilson (director)4 points ▸
- General meeting, 30-03-2022
- Director resignation, Cunha Soares Adilson (director)
- Registered-office move, Wilgendaal 17,1731 Asse
- Director in office, GONDIM Robson Sebastiao (director)
07-04
Gazette deed
Appointment: CUNHA SOARES Adilson (director)2 points ▸
- General meeting, 29-03-2022
- Director appointment, CUNHA SOARES Adilson (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Jan Palfynlaan 20, 1020 Brussel until the act of 19-04-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing 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 0756.510.126
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23095C0183/00V004 | Flanders | 3,016 m² | 1 · 536 m² | 23.8 m · 7 |
| 23643E0027/00Z003 | Flanders | 196 m² | 1 · 84 m² | 12.3 m · 3 |