KRISI CONSTRUCT
ActiveSummary
KRISI CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,335 and a net result of €33,335. Its solvency ranks better than 25% of 9,799 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€160,911total assets 2025
- Equity
- €38,335
- Profit
- €33,335
Turnover not published (abbreviated format)
Why 65raises riskFounded in 2024Size: total assets €160,911Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.94, cash €40,857Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 45% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency
49
equity 23.8% of total assets
Liquidity
40
short-term debt 76.2% · cash 25.4%
Profitability
95
return on assets 20.7%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.9%
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 2.0%▲ +0.1 percentage points vs 11-2025
01-2026: 2.4%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.7%▲ +0.3 percentage points vs 02-2026
04-2026: 3.0%▲ +0.3 percentage points vs 03-2026
05-2026: 3.0%● unchanged vs 04-2026
06-2026: 2.9%▼ -0.1 percentage points vs 05-2026
07-2026: 3.0%▲ +0.1 percentage points vs 06-2026
08-2026: 3.2%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 1.2%▼ -2.0 percentage points vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.94, below 1; short-term debt: 76.2% and cash: 25.4% of total assets), and 76.2% of the assets are financed with debt and provisions.
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 (NACE 43, micro): better than 25% on solvency, 29% on liquidity and 81% on profitability.
The bankruptcy probability was computed on 23-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9799 sector peers (2025).
NBB · sector comparisonPosition among 9799 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
13 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: NEDKOVA STELA (director)Appointment: ALEKSIEV SLAVCHO-MITKOV (director) ·…
- IncorporationAppointment: NEDKOVA Stela Violinova (director)…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395800.
Equity
€38,335
Total assets
€160,911
Net result
€33,335
Working capital
-€7,326
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
Assets €160,911
Fixed assets
€45,660
Current assets
€115,250
Equity and liabilities €160,911
Equity
€38,335
Debt
€122,576
Debt finances 76.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,124
Cash flow
€44,441
Current ratio
0.94
Quick ratio
0.94
Debt to equity
3.20
ROE
87.0%
ROA
20.7%
Interest coverage
over 100
Debt ≤ 1 year
€122,576
Income taxes
€8,583
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94.3%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 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 7,976 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.
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,107 |
| Other operating charges640/8 | €1,374 |
| Gross operating margin9900 | €54,498 |
| Operating profit (loss)9901 | €42,018 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €101 |
| Recurring financial charges65 | €101 |
| Profit (loss) for the period before taxes9903 | €41,917 |
| Income taxes67/77 | €8,583 |
| Profit (loss) for the period9904 | €33,335 |
| Profit (loss) for the period to be appropriated9905 | €33,335 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €160,911 | |
| Fixed assets21/28 | €45,660 | |
| Tangible fixed assets22/27 | €45,660 | |
| Furniture and vehicles24 | €45,660 | |
| Current assets29/58 | €115,250 | |
| Stocks and contracts in progress3 | €356 | |
| Stocks30/36 | €356 | |
| Amounts receivable within one year40/41 | €74,038 | |
| Trade receivables40 | €65,657 | |
| Other amounts receivable41 | €8,381 | |
| Cash at bank and in hand54/58 | €40,857 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €160,911 | |
| Equity10/15 | €38,335 | |
| Contributions10/11 | €5,000 | |
| Contributions outside capital11 | €5,000 | |
| Other1109/19 | €5,000 | |
| Profit (loss) carried forward14 | €33,335 | |
| Amounts payable17/49 | €122,576 | |
| Amounts payable within one year42/48 | €122,576 | |
| Trade debts44 | €98,592 | |
| Suppliers440/4 | €98,592 | |
| Taxes, remuneration and social security45 | €8,583 | |
| Taxes450/3 | €8,583 | |
| Other amounts payable47/48 | €15,401 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €33,335 |
| + Depreciation and write-downs630 | €11,107 |
| Operating cash flow (approximation) | €44,441 |
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 |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00395800 |
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Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,367. 5,845 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2025
NEDKOVA Stela Violinova
CurrentDirector (not named in the articles) · since 12-09-2024
ALEKSIEV SLAVCHO-MITKOV
CurrentDirector · since 30-06-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
3 people since 2024, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NEDKOVA Stela Violinova |
|
| ALEKSIEV SLAVCHO-MITKOV |
|
| NEDKOVA STELA |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Share transfer
act of 22-07-2025 ↗
- NEDKOVA STELA to ALEKSIEV SLAVCHO-MITKOV all shares
At incorporation
act of 12-09-2024 ↗
- NEDKOVA Stela Violinova 500 shares (100%) · €5,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 12-09-2024 Incorporation · €5,000 · 500 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Company
Director
Shareholding
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History
KRISI CONSTRUCT was incorporated on 10 September 2024 as a private limited company by one natural person, with a starting capital of €5,000.12 The board currently has 2 members; NEDKOVA Stela Violinova has served longest, since 2024.2 The company has filed annual accounts once, for financial year 2025.3
Acts, filings and financial milestones
2026
13-08
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 13 days late
2025
22-07
Gazette deed
Resignation: NEDKOVA STELA (director)Appointment: ALEKSIEV SLAVCHO-MITKOV (director) · Share transfer · Director discharge7 facts ▸
Gazette deed
Resignation: NEDKOVA STELA (director)
Appointment: ALEKSIEV SLAVCHO-MITKOV (director) · Share transfer · Director discharge7 facts ▸
- Director resignation, NEDKOVA STELA (director)
- Director appointment, ALEKSIEV SLAVCHO-MITKOV (director)
- Share transfer, NEDKOVA STELA → ALEKSIEV SLAVCHO-MITKOV
- Other provision, “activa en passiva, kennisname activa en passiva” (deed in Dutch)
- Director discharge, NEDKOVA STELA (director)
- Power of attorney, ALEKSIEV SLAVCHO-MITKOV
- General meeting, 30-06-2025
2024
12-09
Gazette deed
IncorporationAppointment: NEDKOVA Stela Violinova (director) · Permanent representative: NEDKOVA Stela Violinova · Founder10 facts ▸
Gazette deed
Incorporation
Appointment: NEDKOVA Stela Violinova (director) · Permanent representative: NEDKOVA Stela Violinova · Founder10 facts ▸
- Incorporation, 02-09-2024
- Founder, NEDKOVA Stela Violinova
- Founding capital, €5,000
- Capital, €5,000
- Registered office clause, “1932 Sint-Stevens-Woluwe (Zaventem), Leuvensesteenweg 246 bus 1” (deed in Dutch)
- Board rule, 1
- Director appointment, NEDKOVA Stela Violinova (director (not named in the articles))
- Permanent representative, NEDKOVA Stela Violinova
- Pre-incorporation commitments, “takeover, alle verbintenissen en alle verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen in naam en voor rekening van de vennootschap in opr…” (deed in Dutch)
- Shareholding, 02-09-2024, “nominative” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded10-09-2024
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43110Demolition
43211General electrical installation work
43331Floor and wall tiling
43341Painting of buildings
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:1013357416
Registered
11-12-2025
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.
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, with enterprise number 1013.357.416
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Nodeunit no. 2.363.841.597
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2024
Ground area
550 m²
Building footprint
265 m²
Building volume
2,545 m³
2 parcels, Brussels, Flanders · tallest building 21.0 m. Linked by address, not a title deed.
672
companies at this address
See who is registered here
1 establishment unit
KRISI CONSTRUCT
since 2024unit no. 2.363.841.597
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 |
| 21014A0319/00F000 | Brussels | 88 m² | 1 · 72 m² | 21.0 m · 5 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwonderneming; Bouwwerken en verfraaiingswerken in het algemeen; Algemene bouwwerkzaamheden, schilderwerk, metselwerk…” (deed in Dutch)
89 activities (deed in Dutch)
- Algemene bouwonderneming
- Bouwwerken en verfraaiingswerken in het algemeen
- Algemene bouwwerkzaamheden, schilderwerk, metselwerk, elektriciteit, dakbedekking
- Uitvoeren van metsel- en voegwerken
- Sloopwerken
- Bouwrijp maken van werven
- Allerhande schrijnwerk
- Overige werkzaamheden in verband met de bouw en afwerking van gebouwen
- Elektriciteitswerken
- Sanitair
- (Vloer)verwarming
- Het aanleggen, het oordeelkundig uitbouwen en beheren van onroerend vermogen
- De vennootschap kan tevens onroerende goederen en/of zakelijke rechten op onroerende goederen verwerven om deze te verhuren of als vorm van bezoldiging ter beschikking te stellen aan de aandeelhouders en/of bestuurders
- Projectontwikkeling voor de nieuwbouw van individuele woningen en renovatiewerkzaamheden; de projectontwikkeling voor de bouw van o.a. appartementsgebouwen, kantoorgebouwen, commerciële centra, industriële gebouwen, hotels, jachthaven, autowegen, …; schattingen; syndicus
- Bouwpromotie
- Patrimoniumvennootschap
- Verkoop en verhuur van auto's en andere voertuigen
- Import- en Export van alle goederen
- Carrosserie
- Carwash
- Het ontwerpen van reclameborden en -panelen, lichtkranten en neonreclame
- Het ontwerpen en voeren van reclamecampagnes
- Het ontwerpen en plaatsen van buitenreclame, bijvoorbeeld op reclameborden en -panelen, op uitstalramen, in winkels
- Beletteren en bestickeren van voertuigen en voertuigonderdelen
- Consultancy en advies op het gebied van marketing en publiciteit
- Leveren en plaatsen van raam- en zonwerende folies voor auto’s en in woningen evenals raam-en decoratiefolies voor interieurtoepassingen
- Groot- en kleinhandel, import en export van materialen en producten die nodig of dienstig zijn voor de voormelde activiteiten
- Het opstellen, het uitgeven, het verspreiden en het inrichten van opleidingscursussen inzake bovenvermelde materies
- Drukkerij voor het bedrukken van papier, textiel, kunststof, glas, metaal met om het even welk procedé
- Het ontwerpen, de ontwikkeling, de commercialisering en uitbating van alle mogelijke software, grafische ontwerpen, logo’s, huisstijlen enzovoort
- Het ontwerpen, ontwikkelen, commercialiseren van alle mogelijke vormen van webdesign, webdevelopment en alle aanverwanten
- Het ontwerpen, ontwikkelen, produceren, commercialiseren van alle mogelijke vormen van fotografie
- Het aanvragen, lanceren, uitbouwen en beheren van websites
- Het ontwerpen van logo’s, publicitaire teksten en slogans
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard in de ruimste zin
- Het ontwikkelen, kopen, verkopen, beheer, in licentie nemen of geven van brevetten, octrooien, know-how en andere intellectuele rechten
- De commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen
- Het waarnemen van alle bestuursopdrachten in vennootschappen, het uitoefenen van mandaten en functies in ondernemingen
- Vrachtwagentransport / logistiek
- Vrachtvervoer ter land
- Stockage
- Reparatie van machines en apparaten in de ruimste zin
- In- en verkoop van alle soorten brandstof, groot- en kleinhandelaar, zowel in vloeibare als in gasvorm
- Openbare werken, grondwerken, park- en tuinaanleg
- Aannemer en afwerking zowel binnen als buiten voor particuliere woningen en professionele gebouwen
- Interieur decoratie
- Grafisme
- Telecommunicatie
- Elektrische werkzaamheden
- Tuinwerken
- Particuliere en industriële reiniging
- Secretariaat
- Computertechnologie (IT)
- Opleiding
- Bewaking, close security, security agent, surveillance, remote monitoring, etc...
- Algemene Constructie
- Gebouwrenovatie
- Metselwerk
- Grondwerken
- Containerverhuur
- Dakbedekking / bekleding
- Elektriciteit gebouw
- Sanitair / verwarming
- Plafond en vloerbedekking
- Gevelrestauratie / pleisterwerk / voegwerk
- Steigerverhuur
- Materialenhandelaar / bouwmarkt
- Restaurant
- Fast food
- Snack-bar
- Slager / delicatessenzaak
- Café
- Bakkerij gebak
- Horeca
- Algemene voeding
- Straatverkoper
- Mecanicien, onderhoud en herstellen van auto’s, motors en vrachtwagens
- Pechverhelping, takeldiensten
- Verkoop van mechanische onderdelen
- Pakket belevering
- Vastgoed en verhuur van onroerend goed
- Verkoopadviseur
- Handelsbemiddelaar
- Aan- en verkoop van koopwaar en andere goederen in de ruimste zin
- Verwarmingstechnieker, sanitaire werken, airconditioning, koeltechnieker, warmtepompen
- Activiteiten in en rond hernieuwbare energie
- Plaatsen van systemen op zonne-energie in de ruimste zin
- Schilderwerken binnen en buiten
- Aannemingswerken in de ruimste zin
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KRISI CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
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.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…” (deed in Dutch)“Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten., De algemene vergadering beslist…” (deed in Dutch)“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden., Het kan hen op elk ogenblik ontslaan.” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo.” (deed in Dutch)“Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “De aandelen van een aandeelhouder kunnen zonder goedkeuring worden overgedragen onder levenden of overgaan door overlijden.” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- 2 provisions in the deed
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.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed