Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CONSTRUCTEUR DES BERGES is 0.6% (low). The 2025 annual accounts show equity of €19k and a net result of €-7k. Equity is shrinking by ~21.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 17% of 205 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 205 sector peers (2025).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 14-04-2026 | 108 d early | 2026-00083298 |
| 31-12-2024 | 31-07-2025 | 17-03-2025 | 136 d early | 2025-00051822 |
| 31-12-2023 | 31-07-2024 | 26-03-2024 | 127 d early | 2024-00052039 |
| 31-12-2022 | 31-07-2023 | 16-03-2023 | 137 d early | 2023-00042461 |
| 31-12-2021 | 31-07-2022 | 18-03-2022 | 135 d early | 2022-08100354 |
| 31-12-2020 | 31-07-2021 | 02-04-2021 | 120 d early | 2021-09800105 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-7k+8.5%
Working capital€19k-26.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 14-04-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.6% | 31.0% | |
| Net result | €-7k | €9k | |
| Equity | €19k | €503k | |
| Total assets | €3.00M | €2.43M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P17
Stable position over 2020-2025
· n=205-776
P38
Stable position over 2020-2025
· n=204-774
P24
Stable position over 2020-2025
· n=205-776
P53
Improving position over 2020-2025
· n=205-776
Describes the position versus peers, not a forecast.
€-7k
+8.5%
20-25
€3.00M
+7.0%
20-25
€19k
-26.8%
20-25
€19k
-26.8%
20-25
€2.98M
+7.4%
20-25
€2.98M
+7.4%
20-25
1.01
-0.3%
20-25
0.01
+37.8%
20-25
0.6%
-31.6%
20-25
154.98
+46.6%
20-25
-36.5%
-25.0%
20-25
-0.2%
+14.5%
20-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €-7k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €3.00M |
| Equity | €19k |
| Debt | €2.98M |
| of which ≤ 1y | €2.98M |
| of which > 1y | - |
| Working capital | €19k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.01 |
| Quick ratio | 0.01 |
| Working capital ratio | 0.6% |
| Solvency | 0.6% |
| Debt / equity | 154.98 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -0.2% |
| ROE | -36.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.00M |
| Current assets | 29/58 | €3.00M |
| Stocks & contracts in progress | 3 | €2.96M |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €40k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.00M |
| Equity | 10/15 | €19k |
| Contributions / capital | 10/11 | €81k |
| Accumulated profits (losses) | 14 | €-62k |
| Amounts payable | 17/49 | €2.98M |
| Amounts payable within one year | 42/48 | €2.98M |
| Trade debts payable within one year | 44 | €1.40M |
| Income statement | ||
| Operating result | 9901 | €32k |
| Financial charges | 65 | €39k |
| Result before taxes | 9903 | €-7k |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-7k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed35
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
8 directorsCurrent directors & mandates
-
Current01-07-2025 → present
-
Current08-01-2025 → present
Former directors (6)
-
Former08-01-2025 → 01-07-2025
2 events
- 01-07-2025 Resigned· Director
- 08-01-2025 Appointed· Director
-
Former04-03-2024 → 08-01-2025
2 events
- 08-01-2025 Resigned· Director
- 04-03-2024 Appointed· Director
-
Former04-03-2024 → 08-01-2025
2 events
- 08-01-2025 Resigned· Director
- 04-03-2024 Appointed· Director
-
Former- → 04-03-2024
-
Former30-09-2022 → 13-11-2023
2 events
- 13-11-2023 Resigned· Director
- 30-09-2022 Appointed· Director
-
Former- → 30-09-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor · represented by Christophe PELŽER |
- | 21-05-2024 → present |
| Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by Carlo-Sébastien D'ADDARIO succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2024 |
- | 04-06-2021 → 21-05-2024 |
| Forvis Mazars Réviseurs d’Entreprises Statutory auditor · represented by Xavier DOYEN |
- | - → 04-06-2021 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 03-04-2020 |
| Status | Active |
| Postal code | 1310 |
Structure & network
Connections & network
2 connected companiesGroup structure
Parent · 455 subsidiaries · 9 locations
Control→
Parent · 926 subsidiaries · 5 locations
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationCONSTRUCTEUR DES BERGES
since 20202.300.824.261
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area10.1 ha
Buildings1
Building footprint113 m²
Volume (LiDAR)983 m³
Tallest building14.1 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0039/00K000 | Wallonia | 10.1 ha | 1 · 113 m² | 14.1 m · 3 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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
9 acts Capital history · 1
25-02-2021
v3.2
All acts · 9
updated 3 months ago
2026
05-05-2026 General meeting · Officer appointment · Mandate term · Mandate compensation
- General meeting: date: 2026-03-31, type: Ordinaire · CONSTRUCTEUR DES BERGES
- Officer appointment: role: administrateur A, start_date: 2026-03-31, compensation: à titre gratuit · Stéphan SONNEVILLE
- Officer appointment: role: administrateur A, start_date: 2026-03-31, compensation: à titre gratuit · Laurent COLLIER
- Officer appointment: role: administrateur B, start_date: 2026-03-31, compensation: à titre gratuit · Jean-François THIRAN
- Officer appointment: role: administrateur B, start_date: 2026-03-31, compensation: à titre gratuit · Didier PLASSCHAERT
- Mandate term: duration: trois (3) ans, end_condition: à l'issue de l'Assemblée Générale Ordinaire appelée à statuer sur les comptes annuels arrêtés au 31 décembre 2028 · Stéphan SONNEVILLE
- Mandate term: duration: trois (3) ans, end_condition: à l'issue de l'Assemblée Générale Ordinaire appelée à statuer sur les comptes annuels arrêtés au 31 décembre 2028 · Laurent COLLIER
- Mandate term: duration: trois (3) ans, end_condition: à l'issue de l'Assemblée Générale Ordinaire appelée à statuer sur les comptes annuels arrêtés au 31 décembre 2028 · Jean-François THIRAN
- Mandate term: duration: trois (3) ans, end_condition: à l'issue de l'Assemblée Générale Ordinaire appelée à statuer sur les comptes annuels arrêtés au 31 décembre 2028 · Didier PLASSCHAERT
- Mandate compensation: à titre gratuit · Stéphan SONNEVILLE
- Mandate compensation: à titre gratuit · Laurent COLLIER
- Mandate compensation: à titre gratuit · Jean-François THIRAN
- Mandate compensation: à titre gratuit · Didier PLASSCHAERT
- Permanent representative: address: au siège de la Société · CONSTRUCTEUR DES BERGES
- Power of attorney: scope: poser tous les actes qui pourraient être nécessaires ou utiles relatifs aux formalités (en ce compris, sans y être limité, l'établissement et la signature de tous les documents et formulaires) en vue (i) du dépôt (d'un extrait) du présent document au greffe du tribunal de l'entreprise compétent, (ii) de la publication y relative aux Annexes du Moniteur belge et (iii) de l'inscription ou de l'adaptation des données à la. Banque Carrefour des Entreprises., grantor: Les actionnaires · Vera FRANCEUS
- Filing: date: 2026-04-01, location: TRIBUNAL DE L'ENTREPRISE · CONSTRUCTEUR DES BERGES
- Registration event: publication: Annexes du Moniteur belge, publication_date: 2026-05-05 · CONSTRUCTEUR DES BERGES
- Publication: 2026-05-05
- Act object: Nomination d'administrateurs - Election de domicile
Summary:
General meeting · Officer appointment · Mandate term · Mandate compensation
2025
22-07-2025 1 director appointed, 1 resigning
30-01-2025 2 directors appointed, 2 resigning
- Caroline VANDERSTRAETEN, Bestuurder
- Alexander HODAC, Bestuurder
- Sheelam CHADHA, Bestuurder
- Manuel FOSSOUL, Bestuurder
Summary:
v3.2
2024
12-06-2024 Christophe PELŽER appointed as statutory auditor
16-04-2024 2 directors appointed, 2 resigning
- Sheelam CHADHA, Bestuurder
- Manuel FOSSOUL, Bestuurder
- Laurent JACQUEMART, Bestuurder
- Jean-Michel MALAISE, Bestuurder
Summary:
v3.2
2022
21-10-2022 1 director appointed, 1 resigning
2021
04-06-2021 1 director appointed, 1 resigning
25-02-2021 Transaction in capital or shares
Summary:
v3.2
2020
07-04-2020 Incorporation of a new SNC
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes36
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
35
Profitability
0
Solvency
12
Growth
32
Stability
100
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verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
| Legal nameFR | CONSTRUCTEUR DES BERGES |
Registered office
Avenue Reine Astrid 92
1310 La Hulpe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.