VOLPE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VOLPE CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €8k and a net result of €4k. Equity is growing by ~148.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-24
Solvency34▼-6
Growth78=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.98 against 0.52 in 2023; short-term debt: 91.3% and cash: 0% of total assets), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.7%
Return on assets
4.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
34 d late
2023
27 d late
2022
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€8k▲ 113%
2023 · €4k
2022: €-3k
2023: €4k
2022 → 2024
Total assets
€97k▲ 275%
2023 · €26k
2022: €38k
2023: €26k
2022 → 2024
Net result
€4k▼ 26.8%
2023 · €6k
2022: €-3k
2023: €6k
2022 → 2024
Working capital
€-2k▲ 80.0%
2023 · €-11k
2022: €-17k
2023: €-11k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-3k-€4k€8k▲ 113%
Operating result€-3k-€7k€7k▼ 10.4%
Net result€-3k-€6k€4k▼ 26.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€11k ▼ 27.8%
Current assets
€87k ▲ 664%
Equity and liabilities €97k
Equity
€8k ▲ 113%
Debt
€89k ▲ 304%
Debt's share of the balance-sheet total rises from 84.8% to 91.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2023 · €10k
Cash flow
€9k▼
2023 · €9k
Current ratio
0.98▲
2023 · 0.52
Debt to equity
10.56▲
2023 · 5.57
ROE
53.0%▼
2023 · 154.2%
ROA
4.6%▼
2023 · 23.5%
Interest coverage
23.36▼
2023 · 33.54
Debt ≤ 1 year
€89k▲
2023 · €22k
Income taxes
€2k▲
2023 · €914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€26k€97k▲
Fixed assets21/28€15k€11k▼
Tangible fixed assets22/27€15k€11k▼
Furniture and vehicles24€15k€11k▼
Current assets29/58€11k€87k▲
Amounts receivable within one year40/41€11k€87k▲
Trade receivables40€11k€87k▲
Other amounts receivable41€128-
Cash at bank and in hand54/58€54€0▼
Equity and liabilities
Total equity and liabilities10/49€26k€97k▲
Equity10/15€4k€8k▲
Contributions10/11€1k€1k=
Outside capital11€1k-
Other1109/19€1k-
Profit (loss) carried forward14€3k€7k▲
Amounts payable17/49€22k€89k▲
Amounts payable within one year42/48€22k€89k▲
Trade debts44€811€60k▲
Suppliers440/4€811€60k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€20k€25k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€410€2k▲
Gross operating margin9900€11k€12k▲
Operating profit (loss)9901€7k€7k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€312€454▲
Recurring financial charges65€312€454▲
Profit (loss) for the period before taxes9903€7k€6k▼
Income taxes67/77€914€2k▲
Profit (loss) for the period9904€6k€4k▼
Profit (loss) for the period to be appropriated9905€6k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€7k▲
Profit (loss) brought forward from the previous period14P€-3k€3k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Temselaan 3A1853 GrimbergenGround area
1,303 m²
Building footprint
654 m²
Volume, LiDAR
5,370 m³
2 parcels, Brussels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Waterloosesteenweg 1359, 1180 Ukkel
since 20252.382.728.586
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0004/00P003 | Brussels | 1,141 m² | 1 · 492 m² | 13.3 m · 3 fl. |
| 23084B0064/00H005 | Flanders | 162 m² | 1 · 162 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AC 85 & MRF 82 INSTITUT
BE 1000.307.055
Charleroi · Eq €6,243
ROY CONSTRUCT
BE 1028.092.508
Hamont-Achel · Eq €11,957
BRT TERRASSEMENT
BE 1022.191.542
Wanze · Eq €12,458
CRE'HABITAT
BE 1024.766.101
Soignies · Eq €12,672
V-CONSTRUCT
BE 1000.739.991
Heuvelland · Eq €3,965
Of 232 companies in sector 43429 we hold annual accounts for 25. 17 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
43429Specialised construction activities
43600Specialised construction activities
43990Other specialised construction activities
56112Limited-service restaurants, excluding mobile food services
81210General cleaning of buildings
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:constructvolpe@gmail.com
E-mail:volpeconstruct@gmail.com