Skip to content

I&L Projects

Active
Private limited companyfounded 20242 yrs activeTuinbouwstraat 42, 2800 Mechelen, BelgiumKBO/BCE: BE 1005.477.452
Summary

The computed 12-month bankruptcy probability of I&L Projects is 4.5% (elevated). The 2024 annual accounts show negative equity (-€463) and a net result of -€2,963. Its solvency ranks better than 9% of 36380 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability60
Solvency24
Growth-
Track record67
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53; short-term debt: 60% and cash: 11.4% 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

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-1%
Return on assets
-6.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
13 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 13 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

I&L Projects was incorporated on 1 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

Go further with this company

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

Equity
-€463
Total assets
€44,505
Net result
-€2,963
Working capital
-€12,499

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €44,505
Fixed assets €30,298
Current assets €14,207
Key figures and ratios
2024 value
EBITDA
€13,161
Cash flow
€12,128
Solvency
-1.0%
Current ratio
0.53
ROA
-6.7%
Interest coverage
12.75
Debt
€44,967
Debt ≤ 1 year
€26,706
Debt > 1 year
€18,145
Equity ratios withheld: equity of -€463 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 1,554 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
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€44,505
Fixed assets21/28€30,298
Tangible fixed assets22/27€30,298
Furniture and vehicles24€30,298
Current assets29/58€14,207
Amounts receivable within one year40/41€7,606
Trade receivables40€7,260
Other amounts receivable41€346
Cash at bank and in hand54/58€5,083
Deferred charges and accrued income490/1€1,518
Equity and liabilities
Total equity and liabilities10/49€44,505
Equity10/15-€463
Contributions10/11€2,500
Profit (loss) carried forward14-€2,963
Amounts payable17/49€44,967
Amounts payable after more than one year17€18,145
Financial debts170/4€18,145
Amounts payable within one year42/48€26,706
Current portion of amounts payable after more than one year42€11,374
Trade debts44€6,543
Suppliers440/4€6,543
Taxes, remuneration and social security45€1,548
Taxes450/3€1,548
Other amounts payable47/48€7,241
Accrued charges and deferred income492/3€116
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,091
Other operating charges640/8€2,468
Gross operating margin9900€15,629
Operating profit (loss)9901-€1,930
Financial charges65/66B€1,032
Recurring financial charges65€1,032
Profit (loss) for the period before taxes9903-€2,963
Profit (loss) for the period9904-€2,963
Profit (loss) for the period to be appropriated9905-€2,963
Appropriation of the result
Profit (loss) to be appropriated9906-€2,963

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,091
Other operating charges640/8€2,468
Gross operating margin9900€15,629
Operating profit (loss)9901-€1,930
Financial charges65/66B€1,032
Recurring financial charges65€1,032
Profit (loss) for the period before taxes9903-€2,963
Profit (loss) for the period9904-€2,963
Profit (loss) for the period to be appropriated9905-€2,963
Line2024
Assets
Total assets20/58€44,505
Fixed assets21/28€30,298
Tangible fixed assets22/27€30,298
Furniture and vehicles24€30,298
Current assets29/58€14,207
Amounts receivable within one year40/41€7,606
Trade receivables40€7,260
Other amounts receivable41€346
Cash at bank and in hand54/58€5,083
Deferred charges and accrued income490/1€1,518
Equity and liabilities
Total equity and liabilities10/49€44,505
Equity10/15-€463
Contributions10/11€2,500
Profit (loss) carried forward14-€2,963
Amounts payable17/49€44,967
Amounts payable after more than one year17€18,145
Financial debts170/4€18,145
Amounts payable within one year42/48€26,706
Current portion of amounts payable after more than one year42€11,374
Trade debts44€6,543
Suppliers440/4€6,543
Taxes, remuneration and social security45€1,548
Taxes450/3€1,548
Other amounts payable47/48€7,241
Accrued charges and deferred income492/3€116
Line2024
Profit (loss) for the period9904-€2,963
+ Depreciation and write-downs630€15,091
Operating cash flow (approximation)€12,128

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
18-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Mechelen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
199 m²
Building footprint
86 m²
Volume, LiDAR
560 m³
Parcel 12403E0195/00F003, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
I&L Projects
Tuinbouwstraat 42, 2800 MechelenRepair, maintenance and installation of machinery and equipment
since 20242.355.453.176
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12403E0195/00F003 Flanders 199 m² 1 · 86 m² 10.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

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 7,043 companies in sector 43221 we hold annual accounts for 3,473. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005477452
Also 9925:BE1005477452
Registered 09-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.