diff --git a/Makefile b/Makefile
index c7dca34..6711666 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 PROJECT_SHORTNAME ?= keydb
 VERSION ?= 0.3.26
-COLLECTION_VERSION ?= 0.4.29
+COLLECTION_VERSION ?= 0.4.31
 OPERATOR_TYPE ?= ansible
 PROJECT_TYPE ?= $(OPERATOR_TYPE)-operator
 COMMUNITY_OPERATOR_NAME ?= keydb-operator