Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of OLIMP CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €15k and a net result of €1k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 1092 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 02-03-2026, 2 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.
The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-07. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-07-2025, that is 28-02-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-07-2025 | 28-02-2026 | 02-03-2026 | 2 d late | 2026-00046749 |
| 31-07-2024 | 28-02-2025 | 28-02-2025 | on the day | 2025-00041226 |
| 31-07-2023 | 29-02-2024 | 22-02-2024 | 7 d early | 2024-00033036 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.2%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€654k
EBIT margin2.8%
Net result€1k+397.8%
Working capital€5k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 02-03-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.8% | 42.2% | |
| Net result | €1k | €11k | |
| Equity | €15k | €35k | |
| Gross operating margin | €29k | €30k | |
| Staff costs | €160 | €17k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P38
Improving position over 2023-2025
· n=1092-3842
P25
Weakening position over 2023-2025
· n=1092-3838
P28
Stable position over 2023-2025
· n=1094-3847
P50
Stable position over 2023-2025
· n=1091-3835
Describes the position versus peers, not a forecast.
€654k
-
23-25
€27k
-17.4%
23-25
€1k
+397.8%
23-25
€9k
+93.2%
23-25
€47k
-54.3%
23-25
€15k
+7.5%
23-25
€5k
-
23-25
€160
-64.0%
23-25
Show 12 other metrics
€2k
+37.2%
23-25
€32k
-64.0%
23-25
€32k
-64.1%
23-25
1.15
+20.3%
23-25
1.15
+20.3%
23-25
31.8%
+135.4%
23-25
2.14
-66.5%
23-25
7.0%
+362.9%
23-25
2.2%
+989.4%
23-25
1.9%
-
23-25
3.0%
-
23-25
1.67
+36.2%
23-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €27k |
| Net profit | €1k |
| Cash flow | €9k |
| Staff costs | €160 |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €47k |
| Equity | €15k |
| Debt | €32k |
| of which ≤ 1y | €32k |
| of which > 1y | - |
| Working capital | €5k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.15 |
| Quick ratio | 1.15 |
| Working capital ratio | 10.0% |
| Solvency | 31.8% |
| Debt / equity | 2.14 |
| Long-term debt ratio | - |
| Interest coverage | 1.67 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.2% |
| ROE | 7.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €47k |
| Fixed assets | 21/28 | €11k |
| Tangible fixed assets | 22/27 | €10k |
| Financial fixed assets | 28 | €296 |
| Current assets | 29/58 | €37k |
| Amounts receivable within one year | 40/41 | €29k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k |
| Equity | 10/15 | €15k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €14k |
| Amounts payable | 17/49 | €32k |
| Amounts payable within one year | 42/48 | €32k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €29k |
| Operating result | 9901 | €19k |
| Financial charges | 65 | €16k |
| Result before taxes | 9903 | €3k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed74
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
2 directors2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
DASCALU IGORDirectorState Gazette act 24016685 (26-01-2024)Current06-11-2023 → present
Former directors (1)
-
NICHITUT MIHAI ANDREIDirectorState Gazette act 24016685 (26-01-2024)Former- → 06-11-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Algemene bouw van residentiële gebouwen(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 07-03-2022 |
| Status | Active |
| Postal code | 9320 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationOLIMP CONSTRUCT
since 20222.330.120.142
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,635 m²
Buildings1
Building footprint798 m²
Volume (LiDAR)5,686 m³
Tallest building26.0 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 act Capital history · 1
26-01-2024
Capital change
All acts · 1
updated 2 years ago
2024
26-01-2024 Transaction in capital or shares
Analysis
Financial profile
5 of 5 axes measured62
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
74
Profitability
35
Solvency
53
Growth
52
Stability
94
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 5,401 of the 29,624 companies in this sector. 4,571 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene elektrotechnische installatiewerken43211Sanitaire werkzaamheden43221Installatie van isolatie43230Isolatiewerkzaamheden43291Schrijnwerk43320Algemene reiniging van gebouwen81210
Primary activity highlighted.
Names & trade names
| Legal nameNL | OLIMP CONSTRUCT |
Registered office
Groeneweg 17
9320 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.