USPEH & CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of USPEH & CONSTRUCT is 4.5% (elevated). The 2025 annual accounts show equity of €65,074 and a net result of €40,831. Its solvency ranks better than 74% of 2,797 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-11-2023 Normal situation
- Registered office
- 107 active companies are registered at this address 24 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.352.218.227 1090 Jette, since 23-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.5%
- Gross margin
- €56,198
- ▲ 104%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €40,831
- ▲ 92.2%
- Equity
- €65,074
- ▲ 168%
- Total assets
- €104,037
- ▲ 253%
- 2025 accounts filed 46 days after the deadline
Score breakdownraises riskFounded in 2023Size: total assets €104,037Sector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 46 days late; 1 of the last 3 accounts lateShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 72% of them on solvency, 42% on liquidity, 91% on profitability and 93% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 2 accounts on average 1 day after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 46 days after the deadline Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513024.
Annual accounts 2025 filed on 15-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 104% higher than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Gross operating margin9900 | €27,612 | €56,198 | ▲ 104% |
| Operating profit (loss)9901 | €27,612 | €56,198 | ▲ 104% |
| Financial income75/76B | €1,875 | €2,265 | ▲ 20.8% |
| Recurring financial income75 | €1,875 | €2,265 | ▲ 20.8% |
| Financial charges65/66B | €2,998 | €3,674 | ▲ 22.5% |
| Recurring financial charges65 | €2,998 | €3,674 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €26,489 | €54,789 | ▲ 107% |
| Income taxes67/77 | €5,246 | €13,958 | ▲ 166% |
| Profit (loss) for the period9904 | €21,243 | €40,831 | ▲ 92.2% |
| Profit (loss) for the period to be appropriated9905 | €21,243 | €40,831 | ▲ 92.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €29,489 | €104,037 | ▲ 253% |
| Current assets29/58 | €29,489 | €104,037 | ▲ 253% |
| Amounts receivable within one year40/41 | €28,889 | €103,020 | ▲ 257% |
| Trade receivables40 | €263 | €42,750 | ▲ 162× |
| Other amounts receivable41 | €28,626 | €60,269 | ▲ 111% |
| Cash at bank and in hand54/58 | €600 | €1,017 | ▲ 69.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €29,489 | €104,037 | ▲ 253% |
| Equity10/15 | €24,243 | €65,074 | ▲ 168% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Contributions outside capital11 | €3,000 | €3,000 | = |
| Other1109/19 | €3,000 | €3,000 | = |
| Reserves13 | - | €30,000 | - |
| Distributable reserves133 | - | €30,000 | - |
| Profit (loss) carried forward14 | €21,243 | €32,074 | ▲ 51.0% |
| Amounts payable17/49 | €5,246 | €38,963 | ▲ 643% |
| Amounts payable within one year42/48 | €5,246 | €22,636 | ▲ 331% |
| Trade debts44 | - | €3,433 | - |
| Suppliers440/4 | €0 | €3,433 | - |
| Taxes, remuneration and social security45 | €5,246 | €19,204 | ▲ 266% |
| Taxes450/3 | €5,246 | €19,204 | ▲ 266% |
| Accrued charges and deferred income492/3 | - | €16,326 | - |
Historical observation
In July 2024, 39,278 companies had the same profile as USPEH & CONSTRUCT has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of USPEH & CONSTRUCT itself is higher: 4.5% within 12 months. It rests on far more data about USPEH & CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for USPEH & CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- Colac Serghei to Spinu Adrian 100 shares
- COLAC Serghei 100 shares (100%) · in cash
Capital transactions
- 27-11-2023 Incorporation · €3,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Spinu Adrian |
|
| Colac Serghei |
|
Articles of association
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen vanaf dag openstelling intekening, nieuwe aandelen waarop in geld wordt ingeschreven eerst aangeboden…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 27-11-2023 (in Dutch)
Network & group
USPEH & CONSTRUCT shares no director with another company.
Companies at the same address
106 other companies- DINA COMPANY Establishment · since 2026 1012722263
- FN Bouw Registered office · since 2026 1041060913
- NF Bouw Registered office · since 2026 1041060814
- DomiX FN Registered office · since 2026 1040885818
- CNA CONSTRUCT Registered office · since 2026 1040012422
- FNA CONSTRUCT Registered office · since 2026 1039879095
- BKD Company Registered office · since 2026 1039302936
- VD Building Registered office · since 2026 1039233452
- AREA CARS Registered office · since 2026 1038918993
- LARA CONSTRUCT Registered office · since 2026 1038899593
Connections & network
1 current directorThe network starts from the directors of USPEH & CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-06
Gazette deed
Transfer of 100 sharesResignation: Colac Serghei (director) · Appointment: Spinu Adrian (director)4 points ▸
- General meeting, 20-05-2025
- Share transfer, Colac Serghei → Spinu Adrian
- Director resignation, Colac Serghei (director)
- Director appointment, Spinu Adrian (director)
27-11
Gazette deed
IncorporationStarting capital €3,000 · Appointment: COLAC Serghei (director) · Founder8 points ▸
- Incorporation, “USPEH & CONSTRUCT” (deed in Dutch)
- Founder, COLAC Serghei (comparant)
- Founding capital, €3,000
- Registered office clause, “1853 Grimbergen,Mutsaardplein 2” (deed in Dutch)
- Capital
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, COLAC Serghei (director)
- Other provision, “dag verkrijging rechtspersoonlijkheid, hetzij dag neerlegging ter griffie van uitgifte oprichtingsakte overeenkomstig wet, begin werkzaamheden” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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. Use the enterprise number 1002.592.295
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 |
| 21463D0199/00F000 | Brussels | 134 m² | 1 · 110 m² | 13.8 m · 4 |