I&M Construct
ActiveSummary
The computed 12-month bankruptcy probability of I&M Construct is 2.6% (moderate). The 2025 annual accounts show equity of €23,586 and a net result of €9,571. Its solvency ranks better than 25% of 2,772 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €23,586
- Profit
- €9,571
- LIPCANU IonDirector
Why 53raises riskFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €138,574lowers riskLiquidity: current ratio 0.81, cash €43,509Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 24% on solvency, 67% on liquidity, 56% on profitability and 84% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 1 day before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- IncorporationAppointment: LIPCANU Ion (director) ·…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 10% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,630 | €6,176 | ▲ 135% |
| Other operating charges640/8 | €790 | €1,419 | ▲ 79.7% |
| Gross operating margin9900 | €17,463 | €20,217 | ▲ 15.8% |
| Operating profit (loss)9901 | €14,043 | €12,621 | ▼ 10.1% |
| Financial charges65/66B | €1 | €70 | ▲ 124× |
| Recurring financial charges65 | €1 | €70 | ▲ 124× |
| Profit (loss) for the period before taxes9903 | €14,042 | €12,552 | ▼ 10.6% |
| Income taxes67/77 | €3,027 | €2,980 | ▼ 1.5% |
| Profit (loss) for the period9904 | €11,015 | €9,571 | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €11,015 | €9,571 | ▼ 13.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €33,483 | €138,574 | ▲ 314% |
| Fixed assets21/28 | €7,951 | €77,919 | ▲ 880% |
| Tangible fixed assets22/27 | €7,861 | €77,609 | ▲ 887% |
| Plant, machinery and equipment23 | - | €2,584 | - |
| Furniture and vehicles24 | €7,861 | €75,025 | ▲ 854% |
| Financial fixed assets28 | €90 | €310 | ▲ 244% |
| Current assets29/58 | €25,532 | €60,655 | ▲ 138% |
| Amounts receivable within one year40/41 | €6,592 | €17,146 | ▲ 160% |
| Trade receivables40 | €5,438 | €9,658 | ▲ 77.6% |
| Other amounts receivable41 | €1,155 | €7,488 | ▲ 549% |
| Cash at bank and in hand54/58 | €18,939 | €43,509 | ▲ 130% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €33,483 | €138,574 | ▲ 314% |
| Equity10/15 | €14,015 | €23,586 | ▲ 68.3% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €11,015 | €20,586 | ▲ 86.9% |
| Amounts payable17/49 | €19,468 | €114,988 | ▲ 491% |
| Amounts payable after more than one year17 | - | €39,879 | - |
| Financial debts170/4 | - | €39,879 | - |
| Amounts payable within one year42/48 | €19,468 | €75,109 | ▲ 286% |
| Current portion of amounts payable after more than one year42 | - | €12,370 | - |
| Trade debts44 | €8,513 | €43,274 | ▲ 408% |
| Suppliers440/4 | €1,708 | €27,285 | ▲ 16× |
| Bills of exchange payable441 | €6,805 | €15,989 | ▲ 135% |
| Taxes, remuneration and social security45 | €10,955 | €19,465 | ▲ 77.7% |
| Taxes450/3 | €3,155 | €3,094 | ▼ 2.0% |
| Remuneration and social security454/9 | €7,800 | €16,371 | ▲ 110% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,015 | €9,571 | ▼ 13.1% |
| + Depreciation and write-downs630 | €2,630 | €6,176 | ▲ 135% |
| Operating cash flow (approximation) | €13,645 | €15,747 | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | -€76,144 | - |
| Change in cash | - | €24,570 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00031453 |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00027611 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LIPCANU Ion |
|
Owners and capital
Capital and shareholders
- LIPCANU Ion 100 shares (100%) · €3,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-07-2023 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
12-07
Gazette deed
IncorporationAppointment: LIPCANU Ion (director) · Founder · Registered office clause8 facts ▸
- Founder, LIPCANU Ion (comparant)
- Incorporation, “I&M Construct” (deed in Dutch)
- Registered office clause, “1600 Sint-Pieters-Leeuw,Bergensesteenweg 24/8” (deed in Dutch)
- Founding capital, €3,000
- Share issue, 100, “ieder aandeel geeft gelijk recht in winstverdeling en vereffeningsaldo” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, LIPCANU Ion (director (not named in the articles))
- Other provision, “dag verkrijging rechtspersoonlijkheid, hetzij dag neerlegging ter griffie van uitgifte oprichtingsakte overeenkomstig wet, begin werkzaamheden” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0803.776.345
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21011A0006/00H000 | Brussels | 3,141 m² | 1 · 2,765 m² | 29.4 m · 2 |
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle bouwondernemingsactiviteiten in de breedste zin van het woord,het optrekken van de ruwbouw,de algemene…” (deed in Dutch)
31 activities (deed in Dutch)
- Alle bouwondernemingsactiviteiten in de breedste zin van het woord,het optrekken van de ruwbouw,de algemene bouwonderneming,bekisting,betonwapening
- De coördinatie van onderaannemers,de afbraak-,vlak-en afgravingwerken,alle metsel-,voeging-en waterdichtheidwerken
- Alle asfalteringwerken
- De montage van daken en het onderhoud ervan
- Het plaatsen van dakbedekking van ongeacht welk materiaal en van dakgoten en regenafvoerbuizen
- Alle geraamtewerken (hout-en stalconstructies,of andere)
- Akoestische en thermische isolatie
- De bekleding van wanden,vloeren,plafonds,gevels
- Al dan niet industriële schilderwerken
- Betegelen-en mozaïekwerken
- Deklaag-en stucwerken
- De montage van buiten-en binnenschrijnwerk van hout en kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort
- De installatie van al dan niet verplaatsbare tussenwanden en de installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in hout of kunststof
- De natuursteen-en marmerbewerking
- Alle vernieuwingswerken,schoonmaakwerken
- Het schoorsteenvegen
- Het plaatsen van stellingen,ijzerwaren,smeedwerk,alle metaalwerken
- Alle werken van glazenmakervak,het plaatsen van ruiten,spiegels,glas-in-loodramen,het vervaardigen van doorzichtige wanden
- Alle sanitair-en loodgieterijwerken
- De installatie van elektrische bedrading en toebehoren,van de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Het garneren van meubilair
- De kleinhandel,de invoer en de uitvoer van constructiematerialen
- Alle hydraulische werken,maritieme of rivierwerken,constructie of herstelling van sluizen,stuwdammen,dijken,kanalen en kunstwerken,doorleggings-afwatering-en pompenwerken,irrigatie-en uitbaggeringwerken,creatie en onderhoud van vijvers,rivieren en beekjes
- Het aanleggen van wegen,fietspaden,enzovoort
- Het schoonmaken en het onderhoud van onroerende goederen,het schoonmaken van vensters en van bureaus,kleine bureauwerkjes,interimdiensten,onderaanneming
- Het aanbieden van thuishulp van huishoudelijke aard in het kader van dienstencheques:schoonmaak van de woning met inbegrip van de ramen
- Wassen en strijken
- Occasionele kleine naaiwerken
- Bereiden van maaltijden
- Strijken in een lokaal van de onderneming alsook activiteiten verricht buiten het huis van de gebruiker zoals onder andere boodschappendienst,mindermobielencentra voor bejaarden en strijkateliers
- Nationale en internationale personen-en koopwarentransport,express courrier
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- I&M Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, oprichting of opheffing van exploitatiezetels bij enkel besluit van bestuursorgaan voor zover geen wijziging van taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft kopers naar evenredigheid aantal aandelen, elke overdracht onder levenden ten bezwarende of…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of December at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)