KOSTA CONSTRUCT
ActiveKOSTA CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €7k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
82
/ 100
Excellent▼ -18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▼-41
Solvency100=
Growth60▼-16
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.98 against 4.46 in 2023), and 16.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
83.3%
Return on assets
8.9%
Age of the figures
11 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-05-2026, 11 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 · 7 filingsDeviation from the deadline
2025
11 d late
2023
1 d early
2022
23 d late
2021
2 d early
2020
15 d late
2019
28 d late
2018
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€280k▼ 26.6%
2020 · €382k
2018: €198k
2019: €337k
2020: €382k
2018 → 2021
EBIT margin
6.1%▼ 0.3pp
2020 · 6.3%
2018: 5.3%
2019: 6.5%
2020: 6.3%
2018 → 2021
Net result
€7k▼ 60.7%
2023 · €19k
2018: €8k
2019: €17k
2020: €19k
2021: €13k
2022: €18k
2023: €19k
2018 → 2025
Working capital
€70k▼ 26.7%
2023 · €95k
2018: €13k
2019: €31k
2020: €48k
2021: €62k
2022: €73k
2023: €95k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€382k-€280k▼ 26.6%
Equity€50k-€63k▲ 26.2%€81k▲ 29.1%€100k▲ 23.2%€70k▼ 30.5%
Operating result€24k-€17k▼ 29.6%€8k▼ 52.0%€24k▲ 197%€10k▼ 59.1%
Net result€19k-€13k▼ 31.6%€18k▲ 40.3%€19k▲ 2.7%€7k▼ 60.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 59% below 2023.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €84k
Equity
€70k▼ 30.5%
Debt
€14k▼ 49.2%
The debt ratio falls from 21.5% to 16.7%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
83.3%▲
2023 · 78.5%
Current ratio
5.98▲
2023 · 4.46
Quick ratio
5.98▲
2023 · 4.46
Debt / equity
0.20▼
2023 · 0.27
ROE
10.7%▼
2023 · 18.8%
ROA
8.9%▼
2023 · 14.8%
Debt
€14k▼
2023 · €27k
Debt ≤ 1 year
€14k▼
2023 · €27k
Income taxes
€2k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€128k€84k▼
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Plant, machinery and equipment23€2k-
Furniture and vehicles24€3k-
Current assets29/58€122k€84k▼
Amounts receivable within one year40/41€110k€82k▼
Trade receivables40€38k€23k▼
Other amounts receivable41€72k€59k▼
Cash at bank and in hand54/58€13k€1k▼
Equity and liabilities
Total equity and liabilities10/49€128k€84k▼
Equity10/15€100k€70k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€92k€62k▼
Amounts payable17/49€27k€14k▼
Amounts payable within one year42/48€27k€14k▼
Trade debts44€15k€12k▼
Suppliers440/4€15k€10k▼
Bills of exchange payable441-€2k
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€12k€2k▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8€5k€12▼
Gross operating margin9900€33k€10k▼
Operating profit (loss)9901€24k€10k▼
Financial charges65/66B€95€225▲
Recurring financial charges65€95€225▲
Profit (loss) for the period before taxes9903€24k€10k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€19k€7k▼
Profit (loss) for the period to be appropriated9905€19k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€62k▼
Profit (loss) brought forward from the previous period14P€73k€54k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
30-09
Financial
Weakest financial yearnet €7k ▼60.7%
Net result drops to €7k, the lowest in the series.
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €100k ▲23.2%
6 profitable years in a row build equity to €100k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
30-09
Financial
Highest result since 2018net €19k ▲13.2%
Net result €19k, the highest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
30-09
Financial
Liquidity triplescurrent ratio 4.52
Current ratio from 1.73 to 4.52; short-term debt falls from €18k to €9k.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Grimbergen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mutsaardplein 21853 GrimbergenGround area
1,697 m²
Building footprint
745 m²
Volume, LiDAR
10,201 m³
2 parcels, Brussels, Flanders · tallest building 22.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KOSTA CONSTRUCT
since 20172.266.252.174
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 fl. |
| 21524C0223/00C003 | Brussels | 274 m² | 1 · 183 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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A.F.S. CONSTRUCT
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DM Piscine
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ELISEI
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Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 6,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-2017
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.