I.S.P. CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of I.S.P. CONSTRUCT is 3.0% (moderate). For I.S.P. CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €117,787 and a net result of €15,097. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 33680 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2021
Profitability82▼-10
Solvency100▲+4
Growth63=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 2023Solvency, return and age of the figures
Solvency
80.1%
Return on assets
10.3%
Age of the figures
39 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 26-01-2024, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
5 d early
2021
45 d late
2020
36 d late
2018
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 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
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Financials · fiscal year 2023, micro schema
Turnover
€65,576▼ 0.2%
2020 · €65,719
EBIT margin
38.3%▲ 7.1pp
2020 · 31.2%
Net result
€15,097▼ 16.8%
2021 · €18,136
Working capital
€108,254▲ 68.8%
2021 · €64,134
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
Line202020212023
Turnover€65,719-€65,576▼ 0.2%
Operating result€20,478-€25,108▲ 22.6%€23,142-
Net result€14,878within the sector's middle half-€18,136within the sector's middle half▲ 21.9%€15,097within the sector's middle half-
EBIT margin31.2%-38.3%▲ 7.1pp
Equity€50,865within the sector's middle half-€69,001within the sector's middle half▲ 35.7%€117,787within the sector's middle half-
Total assets€78,887within the sector's middle half-€97,093within the sector's middle half▲ 23.1%€147,012within the sector's middle half-
Debt€28,022-€28,092▲ 0.2%€29,224-
Working capital€50,865within the sector's middle half-€64,134within the sector's middle half▲ 26.1%€108,254above the sector's middle half-
Solvency64.5%within the sector's middle half-71.1%above the sector's middle half▲ 6.6pp80.1%above the sector's middle half-
Current ratio2.82within the sector's middle half-3.28above the sector's middle half▲ 0.474.70above the sector's middle half-
Return on assets (ROA)18.9%above the sector's middle half-18.7%above the sector's middle half▼ 0.2pp10.3%within the sector's middle half-
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €23,142 in 2023, compared with €25,108 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €147,012
Fixed assets
€9,534 ▲ 95.9%
Current assets
€137,478 ▲ 49.1%
Equity and liabilities €147,012
Equity
€117,787 ▲ 70.7%
Debt
€29,224 ▲ 4.0%
Debt's share of the balance-sheet total falls from 28.9% to 19.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,342▲
2021 · €27,541
Cash flow
€22,297▲
2021 · €20,569
Debt to equity
0.25
ROE
12.8%▼
2021 · 26.3%
Interest coverage
128.32
Debt ≤ 1 year
€29,224▲
2021 · €28,092
Income taxes
€7,808▲
2021 · €6,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €65,719 | €65,576 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €2,433 | €7,200 | - |
| Other operating charges640/8 | - | - | €1,465 | - |
| Gross operating margin9900 | €20,892 | €27,875 | €31,807 | - |
| Operating profit (loss)9901 | €20,478 | €25,108 | €23,142 | - |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | €0 | €0 | - |
| Financial charges65/66B | - | - | €236 | - |
| Recurring financial charges65 | €521 | €189 | €236 | - |
| Profit (loss) for the period before taxes9903 | €20,190 | €24,919 | €22,906 | - |
| Income taxes67/77 | €5,312 | €6,783 | €7,808 | - |
| Profit (loss) for the period9904 | €14,878 | €18,136 | €15,097 | - |
| Profit (loss) for the period to be appropriated9905 | €14,878 | €18,136 | €15,097 | - |
| Line | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €78,887 | €97,093 | €147,012 | - |
| Fixed assets21/28 | - | €4,867 | €9,534 | - |
| Tangible fixed assets22/27 | - | €4,867 | €9,534 | - |
| Furniture and vehicles24 | - | - | €9,534 | - |
| Current assets29/58 | €78,887 | €92,226 | €137,478 | - |
| Amounts receivable within one year40/41 | €78,376 | €91,992 | €135,982 | - |
| Trade receivables40 | - | - | €7,617 | - |
| Other amounts receivable41 | - | - | €128,364 | - |
| Cash at bank and in hand54/58 | €511 | €234 | €1,496 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €78,887 | €97,093 | €147,012 | - |
| Equity10/15 | €50,865 | €69,001 | €117,787 | - |
| Contributions10/11 | €0 | - | €1 | - |
| Profit (loss) carried forward14 | €50,864 | €69,000 | €117,786 | - |
| Amounts payable17/49 | €28,022 | €28,092 | €29,224 | - |
| Amounts payable within one year42/48 | €28,022 | €28,092 | €29,224 | - |
| Trade debts44 | €13,720 | €9,041 | €3,956 | - |
| Suppliers440/4 | - | - | €1,378 | - |
| Bills of exchange payable441 | - | - | €2,578 | - |
| Taxes, remuneration and social security45 | - | - | €25,268 | - |
| Taxes450/3 | - | - | €25,268 | - |
| Line | 2020 | 2021 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,878 | €18,136 | €15,097 | - |
| + Depreciation and write-downs630 | €0 | €2,433 | €7,200 | - |
| Operating cash flow (approximation) | €14,878 | €20,569 | €22,297 | - |
| Change in cash | - | -€277 | - | - |
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
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €117,787 ▲70.7%
3 profitable years in a row build equity to €117,787.
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
30-06
Financial
Highest result since 2020net €18,136 ▲21.9%
Operating result €25,108, net result €18,136, both a record.
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 36 days late
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlecht
Ground area
5,177 m²
Building footprint
493 m²
Volume, LiDAR
6,428 m³
Parcel 21304B0388/00A000, Brussels · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0388/00A000 | Brussels | 5,177 m² | 1 · 493 m² | 16.0 m · 5 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, comparable size
RAMKA
BE 0661.809.620
Antwerpen · Eq €117,807
BART DUTOIT
BE 0521.910.082
Sint-Laureins · Eq €117,903
CLOOSTERMANS CHRIS
BE 0468.152.682
Beveren-Kruibeke-Zwijndrecht · Eq €117,663
UNIQUE SMG CONSTRUCT
BE 0563.949.684
Sint-Pieters-Leeuw · Eq €117,929
M.F.D. & Renov
BE 0783.670.126
Zaventem · Eq €117,535
Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
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