I-Building
ActiveSummary
I-Building has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of -€148,264. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-54
Solvency70▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.22 against 1.42 in 2023; short-term debt: 22.4% and cash: 2.9% of total assets), and 55.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
44.7%
Return on assets
-5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
61 d late
2022
61 d late
2021
78 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#10 oldest company in Knokke-Heist, Real estate sector
Equity
€1.3m▼ 10.1%
2023 · €1.5m
Total assets
€3.0m▲ 10.2%
2023 · €2.7m
Net result
-€148,264
2023 · €485,867
Working capital
-€513,202
2023 · €238,805
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€30,711▼ 76.3%€46,643▲ 51.9%€28,986▼ 37.9%€685,403▲ 2,265%-€128,263
Net result-€4,006within the sector's middle half€15,125within the sector's middle half-€25,059below the sector's middle half€485,867above the sector's middle half-€148,264below the sector's middle half
Equity€990,484above the sector's middle half▼ 0.4%€1.0mabove the sector's middle half▲ 1.5%€980,550above the sector's middle half▼ 2.5%€1.5mabove the sector's middle half▲ 49.6%€1.3mabove the sector's middle half▼ 10.1%
Total assets€2.2mabove the sector's middle half▼ 9.4%€2.2mabove the sector's middle half▼ 1.6%€2.0mabove the sector's middle half▼ 7.8%€2.7mabove the sector's middle half▲ 34.7%€3.0mabove the sector's middle half▲ 10.2%
Debt€1.2m▼ 15.6%€1.1m▼ 4.1%€1.0m▼ 12.4%€1.0m▲ 3.1%€1.5m▲ 41.1%
Working capital-€547,215below the sector's middle half▼ 7.9%-€519,264below the sector's middle half▲ 5.1%-€524,858below the sector's middle half▼ 1.1%€238,805above the sector's middle half-€513,202below the sector's middle half
Solvency45.2%within the sector's middle half▲ 4.1pp46.7%within the sector's middle half▲ 1.4pp49.3%within the sector's middle half▲ 2.7pp54.8%within the sector's middle half▲ 5.4pp44.7%within the sector's middle half▼ 10.1pp
Current ratio0.18below the sector's middle half▼ 0.210.23below the sector's middle half▲ 0.050.09below the sector's middle half▼ 0.141.42within the sector's middle half▲ 1.330.22below the sector's middle half▼ 1.20
Return on assets (ROA)-0.2%within the sector's middle half▼ 4.0pp0.7%within the sector's middle half▲ 0.9pp-1.3%within the sector's middle half▼ 2.0pp18.1%above the sector's middle half▲ 19.4pp-5.0%below the sector's middle half▼ 23.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €128,263 after €685,403 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.8m ▲ 49.6%
Current assets
€146,846 ▼ 81.7%
Equity and liabilities €3.0m
Equity
€1.3m ▼ 10.1%
Provisions
€168,815 ▼ 2.4%
Debt
€1.5m ▲ 41.1%
Debt's share of the balance-sheet total rises from 38.8% to 49.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€110,333▼
2023 · €787,832
Cash flow
€90,332▼
2023 · €588,296
Debt to equity
1.11▲
2023 · 0.71
ROE
-11.2%▼
2023 · 33.1%
Interest coverage
2.92▼
2023 · 29.93
Debt ≤ 1 year
€660,048▲
2023 · €563,521
Debt > 1 year
€804,647▲
2023 · €474,621
Income taxes
€289▼
2023 · €451
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €694,646 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104,229 | €103,336 | €104,898 | €102,429 | €238,596 | ▲ 133% |
| Other operating charges640/8 | - | €25,344 | €25,435 | €25,273 | €22,963 | ▼ 9.1% |
| Gross operating margin9900 | €155,577 | €175,323 | €159,318 | €813,106 | €133,296 | ▼ 83.6% |
| Operating profit (loss)9901 | €30,711 | €46,643 | €28,986 | €685,403 | -€128,263 | ▼ 119% |
| Financial income75/76B | - | - | €9 | €210 | €13,976 | ▲ 6,559% |
| Recurring financial income75 | €96 | - | €9 | €210 | €13,976 | ▲ 6,559% |
| Financial charges65/66B | - | €30,618 | €34,430 | €26,320 | €37,849 | ▲ 43.8% |
| Recurring financial charges65 | €34,607 | €30,618 | €34,430 | €26,320 | €37,849 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | -€3,800 | €16,025 | -€5,435 | €659,293 | -€152,136 | ▼ 123% |
| Transfer from deferred taxes780 | - | - | - | €686 | €4,160 | ▲ 506% |
| Transfer to deferred taxes680 | - | - | - | €173,662 | - | - |
| Income taxes67/77 | €206 | €900 | €19,624 | €451 | €289 | ▼ 36.0% |
| Profit (loss) for the period9904 | -€4,006 | €15,125 | -€25,059 | €485,867 | -€148,264 | ▼ 131% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,059 | €12,480 | ▲ 506% |
| Transfer to tax-exempt reserves689 | - | - | - | €520,985 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€4,006 | €15,125 | -€25,059 | -€33,059 | -€135,784 | ▼ 311% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.2m | €2.0m | €2.7m | €3.0m | ▲ 10.2% |
| Fixed assets21/28 | €2.1m | €2.0m | €1.9m | €1.9m | €2.8m | ▲ 49.6% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €1.9m | €1.9m | €2.8m | ▲ 49.6% |
| Land and buildings22 | - | €2.0m | €1.9m | €1.9m | €2.8m | ▲ 48.5% |
| Plant, machinery and equipment23 | - | €9,518 | €13,562 | €16,120 | €35,618 | ▲ 121% |
| Furniture and vehicles24 | - | €1,467 | €226 | - | €7,632 | - |
| Current assets29/58 | €119,901 | €152,586 | €51,531 | €802,326 | €146,846 | ▼ 81.7% |
| Amounts receivable within one year40/41 | €2,156 | €2,158 | €1,495 | €9,960 | €8,253 | ▼ 17.1% |
| Trade receivables40 | - | €2,158 | €1,463 | €7,994 | €3,535 | ▼ 55.8% |
| Other amounts receivable41 | - | - | €32 | €1,966 | €4,718 | ▲ 140% |
| Current investments50/53 | €5,469 | €5,469 | - | €700,000 | €50,163 | ▼ 92.8% |
| Cash at bank and in hand54/58 | €109,817 | €140,257 | €46,096 | €88,239 | €84,220 | ▼ 4.6% |
| Deferred charges and accrued income490/1 | - | €4,702 | €3,940 | €4,127 | €4,211 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.2m | €2.0m | €2.7m | €3.0m | ▲ 10.2% |
| Equity10/15 | €990,484 | €1.0m | €980,550 | €1.5m | €1.3m | ▼ 10.1% |
| Contributions10/11 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Capital10 | - | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Issued capital100 | - | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Reserves13 | €310,626 | €310,626 | €310,626 | €829,551 | €817,071 | ▼ 1.5% |
| Tax-exempt reserves132 | - | - | - | €518,925 | €506,445 | ▼ 2.4% |
| Distributable reserves133 | - | €310,626 | €310,626 | €310,626 | €310,626 | = |
| Profit (loss) carried forward14 | -€1.7m | -€1.7m | -€1.7m | -€1.7m | -€1.9m | ▼ 7.8% |
| Provisions and deferred taxes16 | - | - | - | €172,975 | €168,815 | ▼ 2.4% |
| Deferred taxes168 | - | - | - | €172,975 | €168,815 | ▼ 2.4% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.0m | €1.0m | €1.5m | ▲ 41.1% |
| Amounts payable after more than one year17 | €531,690 | €477,513 | €430,633 | €474,621 | €804,647 | ▲ 69.5% |
| Financial debts170/4 | - | €477,513 | €430,633 | €474,621 | €804,647 | ▲ 69.5% |
| Amounts payable within one year42/48 | €667,115 | €671,850 | €576,389 | €563,521 | €660,048 | ▲ 17.1% |
| Current portion of amounts payable after more than one year42 | - | €54,177 | €47,589 | €49,881 | €66,469 | ▲ 33.3% |
| Financial debts43 | - | €592,600 | €492,600 | €479,600 | €479,600 | = |
| Other loans439 | - | €592,600 | €492,600 | €479,600 | €479,600 | = |
| Trade debts44 | €10,575 | €9,845 | €13,275 | €12,430 | €105,309 | ▲ 747% |
| Suppliers440/4 | - | €9,845 | €13,275 | €12,430 | €105,309 | ▲ 747% |
| Taxes, remuneration and social security45 | - | €12,622 | €10,526 | €8,398 | €5,751 | ▼ 31.5% |
| Taxes450/3 | - | €12,622 | €10,526 | €8,398 | €5,051 | ▼ 39.9% |
| Remuneration and social security454/9 | - | - | - | - | €700 | - |
| Other amounts payable47/48 | - | €2,606 | €12,399 | €13,212 | €2,919 | ▼ 77.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,006 | €15,125 | -€25,059 | €485,867 | -€148,264 | ▼ 131% |
| + Depreciation and write-downs630 | €104,229 | €103,336 | €104,898 | €102,429 | €238,596 | ▲ 133% |
| Operating cash flow (approximation) | €100,223 | €118,461 | €79,839 | €588,296 | €90,332 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€36,333 | -€38,553 | -€41,596 | -€1.2m | ▼ 2,708% |
| Change in cash | - | €30,440 | -€94,161 | €42,143 | -€4,019 | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet -€148,264
Net result drops to -€148,264, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €485,867
Net result €485,867 after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 1.42
Current ratio from 0.09 to 1.42; short-term debt falls from €576,389 to €563,521.
31-12
Financial
Equity above €1mEq €1.5m ▲49.6%
Equity rises from €980,550 to €1.5m.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €15,125
Net result €15,125 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲1.5%
Equity rises from €990,484 to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €92,594
Net result €92,594 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 139 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 484 days late
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 269 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Knokke-Heist · 2 establishment units since 1970
Ground area
860 m²
Building footprint
819 m²
Volume, LiDAR
13,555 m³
3 parcels, Brussels, Flanders · tallest building 34.8 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
IDEAL BULDING BELGE
since 19702.005.083.139
Paul Parmentierlaan 259, 8300 Knokke-Heist
since 20002.005.083.238
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0699/00A000 | Flanders | 410 m² | 1 · 338 m² | 23.5 m · 5 fl. |
| 21807G0121/00P007 | Brussels | 253 m² | 1 · 284 m² | 34.8 m · 10 fl. |
| 31013A0462/00F000 | Flanders | 197 m² | 1 · 197 m² | 23.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 339 EUR awarded · 396 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 198 EUR | 198 EUR |
| 2023 | 1 | 0 EUR | 198 EUR |
| 2022 | 1 | 141 EUR | 0 EUR |
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 737 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-02-1970
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407048622
Also
9925:BE0407048622
Registered
07-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.