VOLPE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VOLPE CONSTRUCT is 6.0% (elevated). The 2025 annual accounts show equity of €57,818 and a net result of €49,414. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 0.8 FTE
- Equity
- €57,818
- Profit
- €49,414
Why 37raises risk2 changes of registered office in 24 monthsLast filed accounts filed 59 days late; 2 of the last 3 lateFounded in 2022lowers riskSize: total assets €464,766Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 16% on solvency, 13% on liquidity, 63% on profitability and 99% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 33 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeDirector in office · Registered-office…
- Highest result from 2022 to 2025net €49,414 ▲1,009%
Financials · financial year 2025, micro format
2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00538734.
2022 to 2025, 4 financial years
The operating result recovers in 2025; 2025 is 9.7 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €26 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €20,990 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €338 | €3,162 | €4,057 | €4,110 | ▲ 1.3% |
| Other operating charges640/8 | €348 | €410 | €1,670 | - | - |
| Gross operating margin9900 | -€2,580 | €10,883 | €12,276 | €88,668 | ▲ 622% |
| Operating profit (loss)9901 | -€3,265 | €7,311 | €6,549 | €63,569 | ▲ 871% |
| Financial income75/76B | - | €0 | €0 | €0 | ▲ 33.3% |
| Recurring financial income75 | - | €0 | €0 | €0 | ▲ 33.3% |
| Financial charges65/66B | €43 | €312 | €454 | €520 | ▲ 14.7% |
| Recurring financial charges65 | €43 | €312 | €454 | €520 | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | -€3,308 | €6,999 | €6,095 | €63,048 | ▲ 934% |
| Income taxes67/77 | €31 | €914 | €1,638 | €13,634 | ▲ 733% |
| Profit (loss) for the period9904 | -€3,338 | €6,085 | €4,457 | €49,414 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | -€3,338 | €6,085 | €4,457 | €49,414 | ▲ 11× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €37,950 | €25,925 | €97,149 | €464,766 | ▲ 378% |
| Fixed assets21/28 | €13,997 | €14,586 | €10,529 | €15,980 | ▲ 51.8% |
| Tangible fixed assets22/27 | €13,997 | €14,586 | €10,529 | €15,980 | ▲ 51.8% |
| Plant, machinery and equipment23 | - | - | - | €9,508 | - |
| Furniture and vehicles24 | €13,997 | €14,586 | €10,529 | €6,472 | ▼ 38.5% |
| Current assets29/58 | €23,953 | €11,338 | €86,620 | €448,786 | ▲ 418% |
| Amounts receivable within one year40/41 | €21,482 | €11,284 | €86,619 | €372,013 | ▲ 329% |
| Trade receivables40 | €20,676 | €11,156 | €86,619 | €302,625 | ▲ 249% |
| Other amounts receivable41 | €806 | €128 | - | €69,388 | - |
| Cash at bank and in hand54/58 | €2,446 | €54 | €0 | €76,773 | ▲ 404,071× |
| Deferred charges and accrued income490/1 | €25 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €37,950 | €25,925 | €97,149 | €464,766 | ▲ 378% |
| Equity10/15 | -€3,338 | €3,947 | €8,404 | €57,818 | ▲ 588% |
| Contributions10/11 | - | €1,200 | €1,200 | €1,200 | = |
| Contributions outside capital11 | - | €1,200 | - | - | - |
| Other1109/19 | - | €1,200 | - | - | - |
| Profit (loss) carried forward14 | -€3,338 | €2,747 | €7,204 | €56,618 | ▲ 686% |
| Amounts payable17/49 | €41,288 | €21,978 | €88,745 | €406,948 | ▲ 359% |
| Amounts payable within one year42/48 | €41,288 | €21,978 | €88,745 | €406,948 | ▲ 359% |
| Trade debts44 | €14,715 | €811 | €60,390 | €358,898 | ▲ 494% |
| Suppliers440/4 | €14,715 | €811 | €60,390 | €358,898 | ▲ 494% |
| Taxes, remuneration and social security45 | €2,169 | €1,035 | €3,302 | €20,672 | ▲ 526% |
| Taxes450/3 | €669 | €1,035 | €3,302 | €15,403 | ▲ 366% |
| Remuneration and social security454/9 | €1,500 | - | - | €5,269 | - |
| Other amounts payable47/48 | €24,404 | €20,132 | €25,053 | €27,378 | ▲ 9.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,338 | €6,085 | €4,457 | €49,414 | ▲ 11× |
| + Depreciation and write-downs630 | €338 | €3,162 | €4,057 | €4,110 | ▲ 1.3% |
| Operating cash flow (approximation) | -€3,001 | €9,247 | €8,514 | €53,524 | ▲ 529% |
| Investment in fixed assets (approximation) | - | -€3,752 | €0 | -€9,560 | - |
| Change in cash | - | -€2,391 | -€54 | €76,773 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00538734 |
| 31-12-2024 | micro format | 03-09-2025 | 2025-00486622 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00375388 |
| 31-12-2022 | micro format | 11-08-2023 | 2023-00326094 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Kabak Emin |
|
| VOLPE COELHO Leandro |
|
Owners and capital
Capital and shareholders
- Kabak Emin all shares
- Volpe Coelho Leandro to Kabak Emin all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-09-2025 Capital stated in the deed · 1,000 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-03
Gazette deed
Registered officeDirector in office · Registered-office move3 facts ▸
- General meeting, 05-03-2026
- Director in office, Kabak Emin (director)
- Registered-office move, Temselaan 3A,1853 Grimbergen
17-10
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 23-09-2025
- Registered-office move, E. Eylenboschstraat 62,1703 Dilbeek
12-09
Gazette deed
Resignation: Volpe Coelho Leandro (director)Appointment: Kabak Emin (director) · Director discharge · Share transfer7 facts ▸
- General meeting, 30-06-2025
- Director resignation, Volpe Coelho Leandro (director)
- Director discharge, Volpe Coelho Leandro (director)
- Director appointment, Kabak Emin (director)
- Share transfer, Volpe Coelho Leandro → Kabak Emin
- Shareholding, 1000
- Capital
17-06
Gazette deed
IncorporationAppointment: VOLPE COELHO Leandro (director) · Founder · Founding capital13 facts ▸
- Founder, VOLPE COELHO Leandro (comparant)
- Incorporation, “VOLPE CONSTRUCT” (deed in Dutch)
- Founding capital, €1,200
- Other provision, 13-06-2022
- Other provision, “verantwoordelijkheid als oprichters, in bijzonder bij breed maatschappelijk doel met groot aantal activiteiten in verscheidene domeinen, voorlichting oprichters…” (deed in Dutch)
- Kind of shares, “gelijk recht in winstverdeling, inbrengen” (deed in Dutch)
- Registered office clause, “thans, 1780 Wemmel,Place Lt.Graff 15” (deed in Dutch)
- Other provision, “Volpeconstruct@gmail.com, website en e-mailadres” (deed in Dutch)
- Other provision, “waarschuwing comparanten, door notaris verwittigd en ingelicht” (deed in Dutch)
- General meeting, “eenparigheid van stemmen, aanstonds na oprichting” (deed in Dutch)
- Board rule, 1
- Power of attorney
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0787.306.240
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52011D0036/00C000 | Wallonia | 496 m² | 1 · 163 m² | 14.7 m · 4 |
| 23084B0064/00H005 | Flanders | 162 m² | 1 · 162 m² | 12.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VOLPE CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, zetel mag overal verplaatst worden bij eenvoudige beslissing bestuursorgaan voor zover verplaatsing in Brussels Gewest of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur,statutair bestuurder mogelijk indien benoemd in statuten, bestuursorgaan” (deed in Dutch)“Kan bijzondere machten toekennen aan elke mandataris, geheel bevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)“Vergoeding bestuurders, algemene kosten,los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meer kopers,ook bij weigering erfgenaam…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen-Recht van voorkeur, naar evenredigheid aantal aandelen in bezit” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, vereffenaars” (deed in Dutch)