Equity
-€463
Debts exceed assets in financial year 2024.
I&L Projects
Lifetime
1 annual account with figurespeak €15,629 (2024)
€15,629
lowest -€2,963 (2024)
-€2,963
peak -€463 (2024)
-€463
€44,967
Board1 name since 2024
1 director
Documentsfilings and deeds
18-07-202513 days before the deadline
2024micro format
Loss of €2,963Incorporation 05-021 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsDebts
€44,967 101% of the balance sheet
Financial debts 40%Suppliers 15%Taxes and wages 3%Other 42%
Of this, €26,706 falls due within a year.
Position in the sector
-€463
Less equity than 90% of companies in specialised construction. Sector median €58,160 · 36,067 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,556 companies had the same profile as I&L Projects has now. Each dot stands for 4 companies, two years later.
91.3%
were still trading
3.8%
stopped another way
4.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,556 companies, not a prediction for I&L Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005477452
Incorporation
Appointment: (director) · Founder: · Founding capital of €2,500, 100 shares · published on 05-02-2024 · Gazette deed
First establishment
Tuinbouwstraat 42, Mechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| I&L Projects Mechelen | €44,505 | €15,629 | -1.0% | - |
| CORMANS Antwerp | €45,483 | €17,090 | 27.2% | - |
| ERAGON Aalter | €43,911 | €14,335 | 33.7% | - |
| Vos Wim Verwarming & Sanitair Leopoldsburg | €41,021 | €17,381 | 85.3% | - |
| VANHOVE SANDER Oostkamp | €42,539 | €16,978 | 35.9% | - |
| J.M. TECHNICS Ninove | €49,045 | €18,011 | 24.1% | - |
| SRFN Liège | €42,706 | €18,797 | 62.9% | - |
These companies have the same main activity as I&L Projects: plumbing work (NACE 43221). They are comparable in size and age: total assets between €41,000 and €49,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 01-02-2024Normal situation
- Activity
- Plumbing workNACE 43221
- Establishment unit
- 2.355.453.1762800 Mechelen, since 01-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 09-04-2025
Annual accounts 2024
- ≈ €130,000estimated
- €44,505
- Filing
- Filed on 18-07-2025, 13 days before the end of the filing period
Insights on I&L Projects
The 2024 annual accounts show negative equity (-€463) and a net result of -€2,963. Its solvency ranks better than 9% of 36,050 sector peers (NACE 43, financial year 2024).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about I&L Projects
- What is the company number of I&L Projects?
- The company number of I&L Projects is 1005.477.452. The VAT number is the same number with BE in front: BE 1005.477.452.
- Where is I&L Projects based?
- The registered office is at Tuinbouwstraat 42, 2800 Mechelen.Company details
- What does I&L Projects do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of I&L Projects?
- I&L Projects is a private limited company (BV).
- When was I&L Projects founded?
- I&L Projects was founded on 01-02-2024.
- Is I&L Projects still active?
- Yes, I&L Projects is an active enterprise in the KBO register.
- What is the turnover of I&L Projects?
- The turnover in financial year 2024 is ≈ €130,000. This figure is estimated from the gross margin of €15,629 and 37 comparable companies (NACE 43221). It probably lies between €99,000 and €290,000. It is a rough estimate.Financials
- Is I&L Projects profitable?
- In financial year 2024, I&L Projects made a loss of €2,963.
- Where can I find the annual accounts of I&L Projects?
- I&L Projects filed 1 annual account with the National Bank of Belgium, for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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