I CAN DO
ActiveSummary
The computed 12-month bankruptcy probability of I CAN DO is 2.0% (moderate). The 2024 annual accounts show negative equity (-€39,656) and a net result of €815. Equity is shrinking by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability51▲+51
Solvency0=
Growth59▲+18
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.13 in 2023; short-term debt: 367.1% and cash: 49.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more 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
-267.1%
Return on assets
5.5%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 5%
← 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 07-10-2025, 68 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
68 d late
2023
30 d late
2022
65 d late
2021
124 d late
2020
83 d late
2019
73 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 74 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#8 oldest company in Hélécine, Construction sector
Turnover
€93,470▲ 11.0%
2023 · €84,175
EBIT margin
1.4%▲ 16.9pp
2023 · -15.6%
Net result
€815
2023 · -€13,310
Working capital
-€39,656▲ 2.0%
2023 · -€40,471
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover€25,987▼ 62.5%€22,088▼ 15.0%€64,992▲ 194%€84,175▲ 29.5%€93,470▲ 11.0%
Operating result-€9,217▼ 836%-€3,646▲ 60.4%-€4,247▼ 16.5%-€13,102▼ 209%€1,289
Net result-€9,382below the sector's middle half▼ 724%-€3,851below the sector's middle half▲ 59.0%-€4,768below the sector's middle half▼ 23.8%-€13,310below the sector's middle half▼ 179%€815within the sector's middle half
EBIT margin-35.5%▼ 34.0pp-16.5%▲ 19.0pp-6.5%▲ 10.0pp-15.6%▼ 9.0pp1.4%▲ 16.9pp
Equity-€18,541below the sector's middle half▼ 102%-€22,392below the sector's middle half▼ 20.8%-€27,161below the sector's middle half▼ 21.3%-€40,471below the sector's middle half▼ 49.0%-€39,656below the sector's middle half▲ 2.0%
Total assets€21,642below the sector's middle half▲ 220%€15,007below the sector's middle half▼ 30.7%€17,739below the sector's middle half▲ 18.2%€6,205below the sector's middle half▼ 65.0%€14,849below the sector's middle half▲ 139%
Debt€40,183▲ 152%€37,399▼ 6.9%€44,900▲ 20.1%€46,676▲ 4.0%€54,505▲ 16.8%
Working capital-€37,189below the sector's middle half▼ 279%-€34,824below the sector's middle half▲ 6.4%-€33,377below the sector's middle half▲ 4.2%-€40,471below the sector's middle half▼ 21.3%-€39,656below the sector's middle half▲ 2.0%
Solvency-85.7%below the sector's middle half▲ 49.6pp-149.2%below the sector's middle half▼ 63.5pp-153.1%below the sector's middle half▼ 3.9pp-652.2%below the sector's middle half▼ 499.1pp-267.1%below the sector's middle half▲ 385.2pp
Current ratio0.07below the sector's middle half▼ 0.310.07below the sector's middle half▼ 0.010.26below the sector's middle half▲ 0.190.13below the sector's middle half▼ 0.120.27below the sector's middle half▲ 0.14
Return on assets (ROA)-43.4%below the sector's middle half▼ 26.5pp-25.7%below the sector's middle half▲ 17.7pp-26.9%below the sector's middle half▼ 1.2pp-214.5%below the sector's middle half▼ 187.6pp5.5%within the sector's middle half▲ 220.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,289 after a loss of €13,102 in 2023, the highest result in the available series.
Key figures and ratios
Debt to equity
-1.37▼
2023 · -1.15
Debt ≤ 1 year
€54,505▲
2023 · €46,676
Staff costs
€61,977▼
2023 · €63,456
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 3,640 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €25,987 | €22,088 | €64,992 | €84,175 | €93,470 | ▲ 11.0% |
| Non-recurring operating income76A | - | €247 | €0 | €24 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €7,777 | €28,817 | €26,610 | €28,017 | ▲ 5.3% |
| Remuneration, social security and pensions62 | - | €11,478 | €33,259 | €63,456 | €61,977 | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,877 | €6,216 | €6,216 | €6,216 | - | - |
| Other operating charges640/8 | - | €510 | €947 | €1,017 | €2,187 | ▲ 115% |
| Non-recurring operating charges66A | - | - | - | €2 | - | - |
| Gross operating margin9900 | €15,658 | €14,558 | €36,175 | €57,589 | €65,453 | ▲ 13.7% |
| Operating profit (loss)9901 | -€9,217 | -€3,646 | -€4,247 | -€13,102 | €1,289 | ▲ 110% |
| Financial charges65/66B | - | €205 | €521 | €208 | €474 | ▲ 128% |
| Recurring financial charges65 | €165 | €205 | €521 | €208 | €474 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | -€9,382 | -€3,851 | -€4,768 | -€13,310 | €815 | ▲ 106% |
| Profit (loss) for the period9904 | -€9,382 | -€3,851 | -€4,768 | -€13,310 | €815 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€9,382 | -€3,851 | -€4,768 | -€13,310 | €815 | ▲ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,642 | €15,007 | €17,739 | €6,205 | €14,849 | ▲ 139% |
| Fixed assets21/28 | €18,648 | €12,432 | €6,216 | €0 | €0 | - |
| Tangible fixed assets22/27 | €18,648 | €12,432 | €6,216 | €0 | €0 | - |
| Furniture and vehicles24 | - | €12,432 | €6,216 | €0 | €0 | - |
| Current assets29/58 | €2,994 | €2,575 | €11,523 | €6,205 | €14,849 | ▲ 139% |
| Amounts receivable within one year40/41 | €1,074 | €1,811 | €7,673 | €3,730 | €7,495 | ▲ 101% |
| Trade receivables40 | - | - | €6,500 | €1,736 | €6,623 | ▲ 282% |
| Other amounts receivable41 | - | €1,811 | €1,173 | €1,994 | €872 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €1,920 | €764 | €3,850 | €2,475 | €7,354 | ▲ 197% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,642 | €15,007 | €17,739 | €6,205 | €14,849 | ▲ 139% |
| Equity10/15 | -€18,541 | -€22,392 | -€27,161 | -€40,471 | -€39,656 | ▲ 2.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€37,141 | -€40,992 | -€45,761 | -€59,071 | -€58,256 | ▲ 1.4% |
| Amounts payable17/49 | €40,183 | €37,399 | €44,900 | €46,676 | €54,505 | ▲ 16.8% |
| Amounts payable within one year42/48 | €40,183 | €37,399 | €44,900 | €46,676 | €54,505 | ▲ 16.8% |
| Trade debts44 | €2,046 | €2,957 | €726 | €6,648 | €1,081 | ▼ 83.7% |
| Suppliers440/4 | - | €2,957 | €726 | €6,648 | €1,081 | ▼ 83.7% |
| Taxes, remuneration and social security45 | - | €5,418 | €15,119 | €18,998 | €38,698 | ▲ 104% |
| Taxes450/3 | - | €2,371 | €6,022 | €7,084 | €9,474 | ▲ 33.7% |
| Remuneration and social security454/9 | - | €3,047 | €9,097 | €11,914 | €29,224 | ▲ 145% |
| Other amounts payable47/48 | - | €29,024 | €29,055 | €21,030 | €14,726 | ▼ 30.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,382 | -€3,851 | -€4,768 | -€13,310 | €815 | ▲ 106% |
| + Depreciation and write-downs630 | €6,877 | €6,216 | €6,216 | €6,216 | - | - |
| Operating cash flow (approximation) | -€2,505 | €2,365 | €1,448 | -€7,094 | €815 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,156 | €3,086 | -€1,375 | €4,879 | ▲ 455% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Back to profitnet €815
Net result €815 after 6 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€13,310
Net result drops to -€13,310, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 124 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Hélécine · 1 establishment unit since 2014
Ground area
5,525 m²
Building footprint
1,473 m²
Volume, LiDAR
45,546 m³
2 parcels, Brussels, Wallonia · tallest building 38.8 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
Leopold III-laan 43, 1030 Schaarbeek
since 20142.227.014.585
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0098/00A003 | Brussels | 4,705 m² | 1 · 1,307 m² | 38.8 m · 12 fl. |
| 25069C0020/00S000 | Wallonia | 820 m² | 1 · 166 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.227.014.585
Similar companies · same sector and region
L.D. Belgium Entreprise
BE 0649.978.588
Hélécine
LUPU CONSTRUCT
BE 0802.542.168
Hélécine
ADT CONSTRUCT
BE 0429.812.542
Oudergem
AGNEESSENS Renovation
BE 0402.052.231
Waterloo
Alpha Création
BE 0418.862.430
Etterbeek
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
Phone
0477/73.03.48Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0545894125
Registered
16-01-2026
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.