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Constructief

Active
Non-profit associationfounded 1998active for 27 yearsWarande(Heu) 7, 8501 Kortrijk, BelgiumKBO/BCE: BE 0465.225.262
Summary

Constructief has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €955,953 and a net result of €21,198, of which €12,455 non-recurring income. Equity is growing by about 2.7% per year across the filed financial years. Its solvency ranks better than 30% of 484 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
ConstructiefActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Social work activities without accommodation
NACE 88993
1 site
Size
€2.1mturnover 2025
Staff
86.8 FTE
Equity
€955,953
Surplus
€21,198
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
11 members
Auditor: Moore Audit2025 accounts 52 days early
Why 92raises riskSize: turnover €2.1m, 86.8 FTE, total assets €2.6mlowers riskLegal form: non-profit associationFigures for financial year 2025 (filed 09-06-2026)Sector: Social work activities without accommodation (NACE 88)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 88, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 62=
equity 37.4% of total assets
Liquidity 51-1
short-term debt 33.9% · cash 12.9%
Profitability 71+2
return on assets 0.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (218 companies, NACE 88, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025highest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.22, compared with 1.31 in 2024, below the usual 1.5; short-term debt: 33.9% and cash: 12.9% of total assets), and 62.6% of the assets are financed with debt and provisions.
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 88, medium-sized): better than 23% on solvency, 27% on liquidity, 46% on profitability and 46% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Size: turnover €2.1m, 86.8 FTE, total assets €2.6m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 09-06-2026)
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
37 days early
2023
64 days early
2022
56 days early
2021
68 days early
2020
71 days early
2019
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 53 days before the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignation: Desmet Rik (lid van het…Reappointments: Bastiaens Ronald, Himpe Ivan…
  3. Reappointments: Desmet Rik, Himpe Ivan and…Gazette deed

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Flemish supportawarded from 2022 to 2025 €5.7m View
  • Among the largest 11% on gross marginsector median €1.1m · 276 companies €3.2m View
  • Positive: 3 years of growth in a rowturnover 2025: €2.1m 3 years View
  • A director leftlatest change 08-12-2025 · 11 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€2.1m
Profit
€21,198
Solvency
37.4%
Turnover▲ 6.1%
Net result
20182025
Go to Financials

Board & ownership

Board
11 members
Auditor
Moore Audit
  • Van De Populiere IsabelleChair
  • Himpe IvanDirector
  • Wietendaele RitaDirector
  • Vandenbussche BartDirector
  • Keirsbulck DorineDirector

and 6 other directors

Go to Board & ownership

Timeline

Events
39
Since
2006
Next accounts
by 31-07-2027
  1. 24-06-2025Annual accounts filed
  2. 15-01-2025Amendment of the articles
  3. 14-11-2024Reappointment: Moore audit (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88993
Founded
18-12-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
22
Purpose
“A)de maatschappelijke e en professionele participatie van langdurig werklozen, personen…” (deed in Dutch)
Go to Articles of association

Key facts about Constructief

What is the company number of Constructief?
0465.225.262. In Belgium the VAT number is the company number with BE in front: BE 0465.225.262.
Where is Constructief based?
The registered office is at Warande(Heu) 7, 8501 Kortrijk.Company details
What does Constructief do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
What is the legal form of Constructief?
Non-profit association (VZW).
When was Constructief founded?
On 18-12-1998.
Is Constructief still active?
Yes, Constructief is an active enterprise in the KBO register.
How many employees does Constructief have?
On average 86.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Constructief?
€2.1m in financial year 2025, according to the filed annual accounts.
Is Constructief profitable?
In financial year 2025, Constructief made a profit of €21,198.
Where can I find the annual accounts of Constructief?
Constructief filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Constructief due?
By 31-07-2027, for financial year 2026.Timeline

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