Skip to content
Checked.be
Complete company report
Generated 26-07-2026
Active BE 0695.568.489Private limited company

OSA CONSTRUCT

· 8 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

The computed 12-month bankruptcy probability of OSA CONSTRUCT is 6.8% (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 8% of 3104 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).

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-13k
Net result €-36k
Better than sector 8%
Active 8 yrs
Snowflake analysis 5 axes · computed by Checked
Health27Profitability37Solvency33Growth55Stability92
49 / 100

Mixed profile: strong on stability, weaker on health.

Health 27
Profitability 37
Solvency 33
Growth 55
Stability 92
Bankruptcy probability (12 mo) Checked model v1 · free
6.8% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Recent warning signals +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administrative Flags 1 events
Address struck
Health barometer FY 2023 · computed
27 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 27-09-2024 with the NBB · fiscal year 2023 · micro
€-200k€0€200k€400k€600k€800kRevenue 2019: €75k€75kOperating result 2019: €42k€42kNet result 2019: €41k€41kRevenue 2020: €421k€421kOperating result 2020: €78k€78kNet result 2020: €74k€74kOperating result 2021: €64k€64kNet result 2021: €68k€68kRevenue 2022: €707k€707kOperating result 2022: €79k€79kNet result 2022: €66k€66kRevenue 2023: €610k€610kOperating result 2023: €-6k€-6kNet result 2023: €-36k€-36k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~97% of the level (threshold 35%). We therefore deliberately show no projection line.
€-50k€0€50k€100k€150k2018: €14k2019: €31k2020: €92k2021: €161k2022: €23k2023: €-13k201820192020202120222023
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 2023 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -14.6% 37.6%
better than 8% of 3104 sector peers
Net result €-36k €9k
better than 5% of 3097 sector peers
Equity €-13k €25k
better than 6% of 3109 sector peers
Gross operating margin €163k €27k
better than 93% of 3091 sector peers
Staff costs €113k €19k
higher than 87% of 924 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€610k
-13.7% 18-23
EBITDA
€12k
-87.6% 18-23
Net profit
€-36k
- 18-23
Cash flow
€-17k
- 18-23
Total assets
€89k
-71.1% 18-23
Equity
€-13k
- 18-23
Working capital
€-45k
-9249.7% 18-23
Employees (FTE)
2
+84.6% 18-23
Staff costs
€113k
+26.4% 18-23
Income taxes
€27k
+25.0% 18-23
Dividends
€204k
- 18-23
Debt
€102k
-64.3% 18-23
Debt ≤ 1y
€91k
-65.8% 18-23
Debt > 1y
€11k
-44.6% 18-23
Current ratio
0.50
-49.6% 18-23
Quick ratio
0.50
-49.6% 18-23
Solvency
-14.6%
- 18-23
Debt / equity
-7.87
- 18-23
ROE
274.1%
-5.9% 18-23
ROA
-39.9%
- 18-23
Net margin
-5.8%
- 18-23
EBITDA margin
2.0%
-85.6% 18-23
Interest coverage
5.63
-88.4% 18-23
Figures by fiscal year
Fiscal year2023
Revenue€610k
EBITDA€12k
Net profit€-36k
Cash flow€-17k
Staff costs€113k
Income taxes€27k
Dividends-
Total assets€89k
Equity€-13k
Debt€102k
of which ≤ 1y€91k
of which > 1y€11k
Working capital€-45k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.50
Quick ratio0.50
Working capital ratio-50.8%
Solvency-14.6%
Debt / equity-7.87
Long-term debt ratio-0.85
Interest coverage5.63
Gross margin26.0%
Net margin-5.8%
ROA-39.9%
ROE274.1%
EBITDA margin2.0%
Days sales outstanding11d
Days payable outstanding11d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€89k
Fixed assets 21/28€43k
Tangible fixed assets 22/27€43k
Financial fixed assets 28€100
Current assets 29/58€46k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€89k
Equity 10/15€-13k
Contributions / capital 10/11€1
Reserves 13€19k
Accumulated profits (losses) 14€-32k
Amounts payable 17/49€102k
Amounts payable after one year 17€11k
Amounts payable within one year 42/48€91k
Trade debts payable within one year 44€14k
Income statement
Turnover 70€610k
Gross operating margin 9900€163k
Operating result 9901€-6k
Financial income 75€436
Financial charges 65€2k
Result before taxes 9903€-8k
Income taxes 67/77€27k
Net result for the period 9904€-36k
Result to be appropriated 9905€-36k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation27-04-2018
StatusActive
Postal code-
Establishment units 1 location
OSA CONSTRUCT
Vervaardiging van metalen constructiewerken of gebinten voor de bouw
since 20182.278.571.471
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21006A0227/00D002 Brussels 96 m² 1 · 67 m² 12.6 m · 4 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.
Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
03-11-2025
KBO administration Address struck
2024
22-11-2024
State Gazette act Capital & shares
27-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
11-09-2024
State Gazette act Capital & shares
2023
21-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
14-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
21-11-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Lifecycle & Insolvency Signals 1 events
03-11-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-11-03 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 2
22-11-2024
Capital change
11-09-2024
Capital change
All acts · 2 updated 1 year ago
2024
22-11-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "MULAKU Petrit",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 95,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "org",
          "name": "Comm. V. FLEKSYS",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "DERUDDERE Jean Hubert",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bilelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-11-22",
    "filing_date": "2024-11-13",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-11-13",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-10-21"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0695.568.489",
    "name_full": "OSA CONSTRUCT",
    "legal_form": "SRL",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "DERUDDERE Jean Hubert",
    "org_rep_person_name": null,
    "person_role_at_subject": "Mandataire"
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "LULZIM Gashi",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MULAKA Petrit",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "org",
      "name": "Comm. V. FLEKSYS",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "DERUDDERE Jean Hubert",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
11-09-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "MULAKU Petrit",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 5,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "mandate",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-09-11",
    "filing_date": "2024-09-03",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-08-24",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-08-24"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0695.568.489",
    "name_full": "OSA CONSTRUCT",
    "legal_form": "SRL",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Comm. V. FLEKSYS",
    "person_name": null,
    "org_rep_person_name": "DERUDDERE Jean Hubert",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "BAJRAKTARI Florian",
      "role": "simple_associ\u00E9",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MULAKU Petrit",
      "role": "simple_associ\u00E9",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "org",
      "name": "Comm. V. FLEKSYS",
      "role": null,
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
Legal nameFR OSA CONSTRUCT
Registration history
  1. 03-11-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
Aannemingen Janssen BE 0415.911.848 · Geel
ALGEMEEN AANNEMINGSBEDRIJF DE CONINCK - ENTREPRISES DE CONSTRUCTION DE CONINCK BE 0417.860.756 · Herent
ALGEMENE BOUWONDERNEMING FRANS WILLEMS BE 0417.704.170 · Ravels
ALGEMENE BOUWONDERNEMING SMITS BE 0411.680.668 · Ranst
Algemene Bouwondernemingen - VOBEC BE 0418.390.296 · Puurs-Sint-Amands
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative