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IA CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearVisé Voie 11, 4000 Liège, BelgiumKBO/BCE: BE 1023.905.769
Summary

IA CONSTRUCT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114,946 and a net result of €111,946. Its solvency ranks better than 56% of 34,650 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Insulation installation
NACE 43230General electrical installation work NACE 43211
1 site
Size
€221,859total assets 2025
Staff
0.3 FTE
Equity
€114,946
Profit
€111,946
Turnover not published (micro format)
Financial health
70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Accounts filed 31 days late
Why 70raises risk1 change of registered office in 24 monthsFounded in 2025Latest accounts 31 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 2.07, cash €119,005Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 74% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 77
equity 51.8% of total assets
Liquidity 76
short-term debt 48.2% · cash 53.6%
Profitability 100
return on assets 50.5%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,603 companies, NACE 43, micro)
Last 24 months 07-2026: 1.9% 08-2026: 3.9%▲ +2.0 percentage points vs 07-2026highest value 09-2026: 0.8%▼ -3.1 percentage points vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €8,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity ample (current ratio 2.07, above the usual 1.5; short-term debt: 48.2% and cash: 53.6% of total assets), and 48.2% of the assets are financed with debt and provisions.
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 43, micro): better than 56% on solvency, 74% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 22-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.07, cash €119,005
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Latest accounts 31 days late; 1 of the last 3 late
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
31 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: BICICI BURAK (director)Appointments: FBI SOLUTION (director) and…
  3. IncorporationAppointment: BICICI Burak (director) ·…

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488956.

Equity
€114,946
Total assets
€221,859
Net result
€111,946
Working capital
€114,733

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

Balance-sheet composition
Assets €221,859
Fixed assets €213
Current assets €221,646
Equity and liabilities €221,859
Equity €114,946
Debt €106,913
Debt finances 48.2% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.07
Debt to equity
0.93
ROE
97.4%
ROA
50.5%
Debt ≤ 1 year
€106,913
Income taxes
€31,065
Staff costs
€6,862

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 11,280 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 · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€221,859
Fixed assets21/28€213
Financial fixed assets28€213
Current assets29/58€221,646
Amounts receivable within one year40/41€102,427
Trade receivables40€102,427
Cash at bank and in hand54/58€119,005
Deferred charges and accrued income490/1€215
Equity and liabilities
Total equity and liabilities10/49€221,859
Equity10/15€114,946
Contributions10/11€3,000
Profit (loss) carried forward14€111,946
Amounts payable17/49€106,913
Amounts payable within one year42/48€106,913
Trade debts44€70,465
Suppliers440/4€70,465
Taxes, remuneration and social security45€34,021
Taxes450/3€32,055
Remuneration and social security454/9€1,965
Other amounts payable47/48€2,427
Income statement Code2025
Remuneration, social security and pensions62€6,862
Other operating charges640/8€391
Gross operating margin9900€150,294
Operating profit (loss)9901€143,041
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€30
Recurring financial charges65€30
Profit (loss) for the period before taxes9903€143,011
Income taxes67/77€31,065
Profit (loss) for the period9904€111,946
Profit (loss) for the period to be appropriated9905€111,946
Appropriation of the result
Profit (loss) to be appropriated9906€111,946

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€6,862
Other operating charges640/8€391
Gross operating margin9900€150,294
Operating profit (loss)9901€143,041
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€30
Recurring financial charges65€30
Profit (loss) for the period before taxes9903€143,011
Income taxes67/77€31,065
Profit (loss) for the period9904€111,946
Profit (loss) for the period to be appropriated9905€111,946
Line2025
Assets
Total assets20/58€221,859
Fixed assets21/28€213
Financial fixed assets28€213
Current assets29/58€221,646
Amounts receivable within one year40/41€102,427
Trade receivables40€102,427
Cash at bank and in hand54/58€119,005
Deferred charges and accrued income490/1€215
Equity and liabilities
Total equity and liabilities10/49€221,859
Equity10/15€114,946
Contributions10/11€3,000
Profit (loss) carried forward14€111,946
Amounts payable17/49€106,913
Amounts payable within one year42/48€106,913
Trade debts44€70,465
Suppliers440/4€70,465
Taxes, remuneration and social security45€34,021
Taxes450/3€32,055
Remuneration and social security454/9€1,965
Other amounts payable47/48€2,427
Line2025
Profit (loss) for the period9904€111,946
Operating cash flow (approximation)€111,946

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00488956

Similar companies · same sector, comparable size

Of the 4,214 active companies whose main activity is insulation installation (NACE 43230), figures are known for 1,256. 1,047 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2026

Board 2

3IF MANAGEMENT
Director · since 03-04-2026 · Private limited company · permanent representative: AMZILE IMADE
Current
FBI SOLUTION
Director · since 03-04-2026 · Private limited company · permanent representative: BICICI BURAK
Current

Permanent representatives 2

AMZILE IMADE
Permanent representative · since 03-04-2026 · for 3IF MANAGEMENT
Current
BICICI BURAK
Permanent representative · since 03-04-2026 · for FBI SOLUTION
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

3 people since 2025, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
3IF MANAGEMENT
  • Director, from 03-04-2026 to date
FBI SOLUTION
  • Director, from 03-04-2026 to date
BICICI BURAK
  • Director (not named in the articles), from 04-06-2025 to 29-07-2026
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Share transfer act of 29-07-2026 ↗
At incorporation act of 04-06-2025 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 04-06-2025 Incorporation · €3,000 · 100 shares

Group and network

Connections & network

2 current directors
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 2 June 2025, IA CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2026 the registered office moved to Flémalle.3 Of the 2 current board members, 2 have served since 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-06-2025
  3. 3Belgian Official Gazette, 29-07-2026

Acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 31 days late
29-07
Gazette deed Resignation: BICICI BURAK (director)
Appointments: FBI SOLUTION (director) and 3IF MANAGEMENT (director) · Permanent representatives: BICICI BURAK and AMZILE IMADE · Share transfer9 facts ▸
  • General meeting, 03-04-2026
  • Director resignation, BICICI BURAK (director)
  • Director appointment, FBI SOLUTION (director)
  • Permanent representative, BICICI BURAK
  • Director appointment, 3IF MANAGEMENT (director)
  • Permanent representative, AMZILE IMADE
  • Share transfer, BICICI BURAK → FBI SOLUTION
  • Share transfer, BICICI BURAK → 3IF MANAGEMENT
  • Registered-office move, Rue des beguines n°9/2 à 4400 Flémalle
2025
04-06
Gazette deed Incorporation
Appointment: BICICI Burak (director) · Permanent representative: BICICI Burak · Founder8 facts ▸
  • Incorporation, 02-06-2025
  • Founder, BICICI Burak
  • Founding capital, €3,000
  • Share issue, “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation, rémunération des apports” (deed in French)
  • Registered office clause, “4000 Liège, rue Visé Voie 11/0022” (deed in French)
  • Board rule, 1, “assemblée” (deed in French)
  • Director appointment, BICICI Burak (director (not named in the articles))
  • Permanent representative, BICICI Burak (représentant permanent de la société)
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded02-06-2025
Financial year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
43223Specialised construction activities
43320Joinery installation
43343Specialised construction activities
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1023905769
Registered 20-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 23 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 1023.905.769

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
574 m²
Building footprint
229 m²
Building volume
2,054 m³
Parcel 62087A0164/00G002, Wallonia · tallest building 9.4 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
IA CONSTRUCT
Visé Voie 11, 4000 LiègeInsulation installation
since 2025unit no. 2.374.702.332
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
62087A0164/00G002 Wallonia 574 m² 1 · 229 m² 9.4 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
IA CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, tous pouvoirs aux fins de faire constater authentiquement la modification statutaire éventuelle” (deed in French)

deed of 04-06-2025

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Organe d'administration, assemblée qui nomme” (deed in French)
“Frais de représentation, voyages et déplacements, frais généraux” (deed in French)

deed of 04-06-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“En annexe à la lettre, organe d'administration” (deed in French)

deed of 04-06-2025

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“26, en tout temps par décision AG délibérant dans formes prévues pour modifications aux statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Quelque cause et à quelque moment, 27” (deed in French)

deed of 04-06-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Appels de fonds, organe d’administration” (deed in French)
Other provision: “Apport en numéraire avec émission de nouvelles actions – droit de préférence, organe qui procède à l’émission” (deed in French)
Other provision: “Gestion journalière, en tout temps” (deed in French)
Other provision: “Séances – procès-verbaux, tenu au siège” (deed in French)
Other provision: “Délibérations, majorité des voix quel que soit le nombre de titres représentés” (deed in French)
Other provision: “Délibérations assemblée générale, 18” (deed in French)
Other provision: “Cinq jours avant au lieu indiqué si exigé, vote par correspondance ou site internet” (deed in French)
Other provision: “Communication électronique mise à disposition par société, participation à distance assemblée générale” (deed in French)
Other provision: “Répartition bénéfices et réserves, 24” (deed in French)
Other provision: “Distributions, dans les limites fixées par la loi” (deed in French)
Liquidation distribution: “28, apurement dettes charges frais ou consignation” (deed in French)
Other provision: “Siège, communications, sommations, assignations, significations valablement faites” (deed in French)
Other provision: “Compétence judiciaire, 30” (deed in French)
Other provision: “Droit commun, 31” (deed in French)
4 more provisions in the deed, see the deed of 04-06-2025

deed of 04-06-2025