Financials
- Fiscal year
- 2024
- Turnover
- €3.1m
- Profit
- €1.8m
- Solvency
- 22.4%
Turnover▲ 79.9%
Net result
20202024
LICENSE TO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LICENSE TO CONSTRUCT is 2.1% (moderate). The 2024 annual accounts show equity of €25.6m and a net result of €1.8m. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 9733 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Real estate activities
NACE 68204Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
1 site
Size
€3.1mturnover 2024
- Staff
- 3.7 FTE
- Equity
- €25.6m
- Profit
- €1.8m
Structure
- Parent
- Capiva Plus Fund SCSp RAIF · 65%
- Holdings
- 7
Accounts 65 d overdue0 of 18 deeds read
Why 54- Figures for FY 2024 (filed 26-06-2025)- Liquidity: current ratio 0.93, cash €211,809+ Sector Real estate activities (NACE 68)+ Size: turnover €3.1m, 3.7 FTE, total assets €114.7mShow the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
47=
equity 22.4% of total assets
Liquidity
50=
short-term debt 0.9% · cash 0.2%
Profitability
65+15
return on assets 1.6%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● 0.0% vs 11-2024
01-2025: 0.5%● 0.0% vs 12-2024
02-2025: 0.5%▼ -3.6% vs 01-2025
03-2025: 0.5%▲ +0.4% vs 02-2025
04-2025: 0.6%▲ +8.0% vs 03-2025
05-2025: 0.6%▲ +1.3% vs 04-2025
06-2025: 0.6%▲ +12.3% vs 05-2025
07-2025: 0.4%▼ -29.9% vs 06-2025
08-2025: 0.4%● 0.0% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%▲ +1.4% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▼ -3.6% vs 01-2026lowest value
03-2026: 0.4%▲ +0.5% vs 02-2026
04-2026: 0.5%▲ +8.1% vs 03-2026
05-2026: 0.5%▲ +1.5% vs 04-2026
06-2026: 0.5%▲ +7.4% vs 05-2026
07-2026: 0.5%▲ +2.9% vs 06-2026
08-2026: 1.0%▲ +96.2% vs 07-2026
09-2026: 1.3%▲ +30.5% vs 08-2026
10-2026: 2.1%▲ +57.2% vs 09-2026highest value
- Figures for FY 2024 (filed 26-06-2025) raises the probability
- Liquidity: current ratio 0.93, cash €211,809 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Size: turnover €3.1m, 3.7 FTE, total assets €114.7m lowers the probability for this profile
Credit up to €310,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.74 in 2023; short-term debt: 0.9% and cash: 0.2% of total assets), and 77.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 42%, liquidity 52%, profitability 52%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
12 d early
2022
on the day
2021
2 d late
2020
11 d early
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Back to profitnet €1.8m
- Equity above €25mEq €25.6m ▲3.5%
Key points
By topic
Board & ownership
- Parent
- Capiva Plus Fund SCSp… · 65%
- Known shareholders
- 100%
Network & group
- Subsidiaries
- 6
- Holdings
- 7
7 holdings
Timeline
- Events
- 16
- Since
- 2016
- 26-06-2025Annual accounts filed
- 31-12-2024Back to profit
- 31-12-2024Equity above €25m
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Real estate activitiesNACE 68204
- Founded
- 15-12-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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