Equity
Equity fell by 71% in 1 year.
Equity fell by 71% in 1 year.
From profit to loss in 2024, after a profit of €20,043 in 2023.
Of this, €172,091 falls due within a year.
IB CONSTRUCT pays its suppliers 25 days later than in 2023. Customers pay 99 days later.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 95% of companies in specialised construction. Sector median €9,467 · 35,925 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 13% of them on solvency, 42% on liquidity, 4% on profitability and 25% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 646 companies had the same profile as IB CONSTRUCT has now. Each dot stands for 2 companies, two years later.
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IB CONSTRUCT itself: 9.2% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 646 companies, not a prediction for IB CONSTRUCT. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.5 (1.79 in 2023), below the usual 1.5. Short-term debt is 50.3% of total assets. 90.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 95 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| IB CONSTRUCT Ghent | €342,278 | -€18,590 | 9.2% | - |
| Woningbouw My House Heist-op-den-Berg | €338,409 | -€42,035 | 7.9% | - |
| T-RENOVA BATI Sint-Pieters-Leeuw | €332,626 | -€79,097 | -22.4% | - |
| KADR Anderlecht | €321,350 | -€126,142 | 21.9% | - |
| OSTEAM Staden | €359,788 | €160 | 26.3% | - |
| CONSTANTIN CONSTRUCTION Anderlecht | €270,766 | -€130,181 | 75.0% | - |
| A&K BOUW Ghent | €309,837 | -€27,515 | -44.0% | 2 |
These companies have the same main activity as IB CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €271,000 and €360,000, founded between 2017 and 2020.
IB CONSTRUCT has existed since 2020. Turnover grew from €151,972 in 2020 to €516,797 in 2024.
Solvency fell in 2024 from 45.0% to 9.2% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 8 November 2026.
Higher than 14% of 35,956 companies in 2024.
Higher than 40% of 35,354 companies in 2024.
Higher than 8% of 35,538 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
342,278 | 237,916 | 202,888 | 59,645 | 52,920 | |
21/28 |
84,425 | 3,442 | 4,921 | 6,400 | 2,738 | |
22/27 |
84,425 | 3,442 | 4,921 | 6,400 | 2,738 | |
23 |
83,305 | 1,264 | 1,685 | 2,106 | 2,106 | |
24 |
1,120 | 2,178 | 3,236 | 4,294 | 632 | |
29/58 |
257,853 | 234,474 | 197,968 | 53,246 | 50,182 | |
40/41 |
257,853 | 160,579 | 159,717 | 49,620 | 33,983 | |
40 |
255,871 | 119,633 | 126,369 | 23,325 | 8,484 | |
41 |
1,982 | 40,946 | 33,348 | 26,295 | 25,499 | |
54/58 |
- | 73,810 | 38,251 | 3,626 | 13,572 | |
490/1 |
- | 84 | - | - | 2,627 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
342,278 | 237,916 | 202,888 | 59,645 | 52,920 | |
10/15 |
31,550 | 107,047 | 93,009 | 34,662 | 12,061 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
103,000 | 103,000 | 84,004 | - | - | |
130/1 |
3,000 | 3,000 | 3,000 | - | - | |
1311 |
3,000 | 3,000 | 3,000 | - | - | |
133 |
100,000 | 100,000 | 81,004 | - | - | |
14 |
-74,450 | 1,047 | 6,004 | 31,662 | 9,061 | |
17/49 |
310,728 | 130,868 | 109,880 | 24,983 | 40,859 | |
17 |
138,638 | - | - | - | 4,541 | |
170/4 |
138,638 | - | - | - | 4,541 | |
42/48 |
172,091 | 130,818 | 101,330 | 24,983 | 36,318 | |
42 |
46,223 | - | - | 5,145 | 7,845 | |
43 |
2,133 | - | - | - | - | |
430/8 |
2,133 | - | - | - | - | |
44 |
123,735 | 68,220 | 39,617 | 12,511 | 15,691 | |
440/4 |
123,735 | 68,220 | 39,617 | 12,511 | 15,691 | |
45 |
- | 41,207 | 39,743 | 4,021 | 12,782 | |
450/3 |
- | 37,381 | 39,743 | 1,395 | 4,081 | |
454/9 |
- | 3,826 | - | 2,626 | 8,701 | |
47/48 |
- | 21,392 | 21,970 | 3,306 | - | |
492/3 |
- | 50 | 8,550 | - | - | |
| Income statement | ||||||
70 |
516,797 | 532,391 | 390,098 | 216,982 | 151,972 | |
76A |
- | 1,158 | 290 | - | - | |
9900 |
-18,590 | 114,380 | 165,158 | 88,114 | 74,213 | |
60/61 |
535,387 | 419,169 | 225,230 | 128,868 | 77,760 | |
62 |
34,734 | 83,734 | 65,075 | 62,406 | 58,357 | |
630 |
10,837 | 1,479 | 1,479 | 838 | 158 | |
640/8 |
845 | 576 | 819 | 1,861 | 4,142 | |
66A |
10,492 | 1,048 | 2,072 | - | - | |
9901 |
-75,497 | 27,543 | 95,713 | 23,009 | 11,556 | |
75/76B |
- | 132 | - | - | - | |
76B |
- | 132 | - | - | - | |
65/66B |
- | 681 | 1,515 | 408 | - | |
65 |
- | 681 | 1,515 | 408 | - | |
9903 |
-75,497 | 26,994 | 94,199 | 22,601 | 11,556 | |
67/77 |
- | 6,951 | 36,385 | - | 2,495 | |
9904 |
-75,497 | 20,043 | 57,813 | 22,601 | 9,061 | |
9905 |
-75,497 | 20,043 | 57,813 | 22,601 | 9,061 | |
| Appropriation of the result | ||||||
9906 |
-74,450 | 20,043 | 84,004 | 31,662 | 9,061 | |
14P |
1,047 | - | 26,191 | 9,061 | - | |
691/2 |
- | 18,996 | 78,000 | - | - | |
6920 |
- | - | 3,000 | - | - | |
6921 |
- | 18,996 | 75,000 | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 01-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 01-10-2025 | 2025-00526415 | |
| 31-12-2023 | micro format | 14-11-2024 | 2024-00600615 | |
| 31-12-2022 | full format | 21-12-2023 | 2023-00535759 | |
| 31-12-2021 | micro format | 17-09-2022 | 2022-20432892 | |
| 31-12-2020 | micro format | 25-11-2021 | 2021-78500063 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -64,661 | 29,022 | 97,192 | 23,847 | 11,714 | ||
| -64,661 | 21,522 | 59,292 | 23,439 | 9,219 | ||
| 91,820 | 0 | 0 | 4,500 | 2,896 | ||
| - | 35,560 | 34,625 | -9,946 | - | ||
| 85,762 | 103,655 | 96,638 | 28,262 | 13,864 | ||
| -14.6% | 5.2% | 24.5% | 10.6% | 7.6% | ||
| 9.2% | 45.0% | 45.8% | 58.1% | 22.8% | ||
| 1.50 | 1.79 | 1.95 | 2.13 | 1.38 | ||
| 9.85 | 1.22 | 1.18 | 0.72 | 3.39 | ||
| -239.3% | 18.7% | 62.2% | 65.2% | 75.1% | ||
| -22.1% | 8.4% | 28.5% | 37.9% | 17.1% | ||
| - | 42.60 | 64.16 | 58.48 | - | ||
| 181 days | 82 days | 118 days | 39 days | 20 days | ||
| 84 days | 59 days | 64 days | 35 days | 74 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €4,500 |
| €10,837 | €1,479 | €1,479 | €838 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €75,497, after a profit of €27,543 in 2023. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 55.0% to 90.8%. Equity is lower and debt is higher.
IB CONSTRUCT has no parent and no holdings in its annual accounts. KONATE Brahima is the only director. IB CONSTRUCT shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 30 January 2020, IB CONSTRUCT was incorporated as a private limited company.1 Since 2022 the company has been called IB CONSTRUCT.2 KONATE Brahima is director of the company, appointed by deed of 20-10-2023.3 Turnover went from €151,972 in 2020 to €516,797 in 2024.4
| Establishment | Since | Unit number |
|---|---|---|
| IB PLEISTERWERKEN registered office Victor Braeckmanlaan 114, 9040 Ghent 43230 Insulation installation | 30-01-2020 | 2.299.133.788 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44432C0843/00B004 | 231 m² | 1 · 93 m² | 14.0 m · 4 |
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. Use the enterprise number 0742.695.445
If something looks wrong or is missing, please tell us.