OSA CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of OSA CONSTRUCT is 7.1% (elevated). The 2023 annual accounts show negative equity (€-13k) and a net result of €-36k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9010 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2023
Axes · tick = 2022
Profitability37▼-43
Solvency33▲+17
Growth55▼-30
Stability92
Bankruptcy probability, 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 1.0 in 2022), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-14.6%
Return on assets
-39.9%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
181920212223
2018 to 2023 · latest year -€13k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
58 d late
2022
21 d late
2021
45 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€610k▼ 13.7%
2022 · €707k
2018: €85k
2019: €75k
2020: €421k
2022: €707k
2018 → 2023
EBIT margin
-1.1%▼ 12.2pp
2022 · 11.2%
2018: 40.6%
2019: 56.5%
2020: 18.5%
2022: 11.2%
2018 → 2023
Net result
€-36k
2022 · €66k
2018: €34k
2019: €41k
2020: €62k
2021: €68k
2022: €66k
2018 → 2023
Working capital
€-45k▼ 9,250%
2022 · €-483
2018: €14k
2019: €31k
2020: €75k
2021: €134k
2022: €-483
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€75k-€421k▲ 461%€707k€610k▼ 13.7%
Equity€31k-€92k▲ 202%€161k▲ 74.0%€23k▼ 86.0%€-13k
Operating result€42k-€78k▲ 83.5%€64k▼ 17.4%€79k▲ 22.9%€-6k
Net result€41k-€62k▲ 49.8%€68k▲ 10.6%€66k▼ 3.9%€-36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €6k after €79k in 2022, the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €89k
Fixed assets
€43k▲ 0.7%
Current assets
€46k▼ 82.8%
Key figures and ratios
EBITDA
€12k▼
2022 · €97k
Cash flow
€-17k▼
2022 · €84k
Solvency
-14.6%▼
2022 · 7.3%
Current ratio
0.50▼
2022 · 1.00
Quick ratio
0.50▼
2022 · 1.00
Debt / equity
-7.87▼
2022 · 12.67
ROE
274.1%▼
2022 · 291.3%
ROA
-39.9%▼
2022 · 21.3%
Interest coverage
5.63▼
2022 · 48.68
Debt
€102k▼
2022 · €286k
Debt ≤ 1 year
€91k▼
2022 · €266k
Debt > 1 year
€11k▼
2022 · €20k
Income taxes
€27k▲
2022 · €22k
Staff costs
€113k▲
2022 · €89k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€308k€89k▼
Fixed assets21/28€43k€43k▲
Tangible fixed assets22/27€43k€43k▲
Furniture and vehicles24€43k€43k▲
Financial fixed assets28€100€100=
Current assets29/58€265k€46k▼
Amounts receivable within one year40/41€215k€34k▼
Trade receivables40€40k€19k▼
Other amounts receivable41€175k€16k▼
Cash at bank and in hand54/58€50k€10k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€308k€89k▼
Equity10/15€23k€-13k▼
Contributions10/11€1€1=
Reserves13€19k€19k=
Non-distributable reserves130/1€19k€19k=
Reserves not available under the articles1311€19k€19k=
Profit (loss) carried forward14€4k€-32k▼
Amounts payable17/49€286k€102k▼
Amounts payable after more than one year17€20k€11k▼
Financial debts170/4€20k€11k▼
Amounts payable within one year42/48€266k€91k▼
Current portion of amounts payable after more than one year42€13k€9k▼
Financial debts43€2k-
Other loans439€2k-
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Taxes, remuneration and social security45€43k€68k▲
Taxes450/3€34k€51k▲
Remuneration and social security454/9€9k€17k▲
Other amounts payable47/48€204k-
Income statement
Code20222023
Turnover70€707k€610k▼
Goods, raw materials, services and sundry goods60/61€519k€451k▼
Remuneration, social security and pensions62€89k€113k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€4k€38k▲
Gross operating margin9900€191k€163k▼
Operating profit (loss)9901€79k€-6k▼
Financial income75/76B€11k€436▼
Recurring financial income75€11k€436▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B€50-
Profit (loss) for the period before taxes9903€88k€-8k▼
Income taxes67/77€22k€27k▲
Profit (loss) for the period9904€66k€-36k▼
Profit (loss) for the period to be appropriated9905€66k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€208k€-32k▼
Profit (loss) brought forward from the previous period14P€142k€4k▼
Profit to be distributed694/7€204k-
Return on contributions (dividend)694€204k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-11
KBO administration
Address struck
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-36k ▼154%
Net result drops to €-36k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Highest result since 2018net €68k ▲10.6%
Net result €68k, the highest in the series.
31-12
Financial
Equity above €150kEq €161k ▲74%
4 profitable years in a row build equity to €161k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
1 establishment unit since 2018
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.
Ground area
96 m²
Building footprint
67 m²
Volume, LiDAR
692 m³
Parcel 21006A0227/00D002, Brussels · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
OSA CONSTRUCT
since 20182.278.571.471
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0227/00D002 | Brussels | 96 m² | 1 · 67 m² | 12.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 11,699 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Petrit.osaconstruct@gmail.com
Phone:+32 488701140