IBA CONSTRUCTIONS
ActiveSummary
The computed 12-month bankruptcy probability of IBA CONSTRUCTIONS is 2.5% (moderate). The 2025 annual accounts show equity of €211,785 and a net result of -€11,819. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-10
Solvency100▲+5
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 8.74 against 3.06 in 2024; short-term debt: 11.1% and cash: 53.7% of total assets), and 11.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€11,819
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
9 d early
2024
3 d early
2023
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€211,785▼ 5.3%
2024 · €223,604
Total assets
€238,098▼ 25.1%
2024 · €318,078
Net result
-€11,819▼ 53.4%
2024 · -€7,707
Working capital
€203,626▲ 4.6%
2024 · €194,592
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
Line202320242025
Operating result€300,712--€6,482-€10,432▼ 61.0%
Net result€226,311above the sector's middle half--€7,707below the sector's middle half-€11,819below the sector's middle half▼ 53.4%
Equity€231,311within the sector's middle half-€223,604above the sector's middle half▼ 3.3%€211,785above the sector's middle half▼ 5.3%
Total assets€421,302below the sector's middle half-€318,078above the sector's middle half▼ 24.5%€238,098within the sector's middle half▼ 25.1%
Debt€189,992-€94,473▼ 50.3%€26,312▼ 72.1%
Working capital€206,674within the sector's middle half-€194,592above the sector's middle half▼ 5.8%€203,626above the sector's middle half▲ 4.6%
Solvency54.9%within the sector's middle half-70.3%above the sector's middle half▲ 15.4pp88.9%above the sector's middle half▲ 18.7pp
Current ratio2.46within the sector's middle half-3.06within the sector's middle half▲ 0.608.74above the sector's middle half▲ 5.68
Return on assets (ROA)53.7%above the sector's middle half--2.4%below the sector's middle half▼ 56.1pp-5.0%below the sector's middle half▼ 2.5pp
Staff (FTE)0.1below 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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,432 in 2025 against €6,482 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238,098
Fixed assets
€8,160 ▼ 71.9%
Current assets
€229,938 ▼ 20.5%
Equity and liabilities €238,098
Equity
€211,785 ▼ 5.3%
Debt
€26,312 ▼ 72.1%
Debt's share of the balance-sheet total falls from 29.7% to 11.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,459▼
2024 · €1,115
Cash flow
-€9,846▼
2024 · -€110
Debt to equity
0.12▼
2024 · 0.42
ROE
-5.6%▼
2024 · -3.4%
Interest coverage
-6.10▼
2024 · 0.92
Debt ≤ 1 year
€26,312▼
2024 · €94,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,148 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €8,859 | €4,128 | ▼ 53.4% |
| Remuneration, social security and pensions62 | €3,645 | €74 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,450 | €7,596 | €1,973 | ▼ 74.0% |
| Other operating charges640/8 | €1,555 | €1,142 | €2,588 | ▲ 127% |
| Non-recurring operating charges66A | - | - | €21,417 | - |
| Gross operating margin9900 | €318,362 | €2,330 | €15,546 | ▲ 567% |
| Operating profit (loss)9901 | €300,712 | -€6,482 | -€10,432 | ▼ 61.0% |
| Financial income75/76B | €43 | - | - | - |
| Recurring financial income75 | €43 | - | - | - |
| Financial charges65/66B | €1,611 | €1,211 | €1,386 | ▲ 14.4% |
| Recurring financial charges65 | €1,361 | €1,211 | €1,386 | ▲ 14.4% |
| Non-recurring financial charges66B | €250 | - | - | - |
| Profit (loss) for the period before taxes9903 | €299,143 | -€7,693 | -€11,819 | ▼ 53.6% |
| Income taxes67/77 | €72,833 | €14 | - | - |
| Profit (loss) for the period9904 | €226,311 | -€7,707 | -€11,819 | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €226,311 | -€7,707 | -€11,819 | ▼ 53.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €421,302 | €318,078 | €238,098 | ▼ 25.1% |
| Fixed assets21/28 | €72,851 | €29,013 | €8,160 | ▼ 71.9% |
| Tangible fixed assets22/27 | €72,851 | €29,013 | €5,910 | ▼ 79.6% |
| Plant, machinery and equipment23 | - | €5,748 | €4,903 | ▼ 14.7% |
| Furniture and vehicles24 | €72,851 | €23,264 | €1,006 | ▼ 95.7% |
| Financial fixed assets28 | - | - | €2,250 | - |
| Current assets29/58 | €348,451 | €289,065 | €229,938 | ▼ 20.5% |
| Stocks and contracts in progress3 | - | €9,339 | - | - |
| Stocks30/36 | - | €9,339 | - | - |
| Amounts receivable within one year40/41 | €212,881 | €70,506 | €79,844 | ▲ 13.2% |
| Trade receivables40 | €189,117 | €29,721 | €16,714 | ▼ 43.8% |
| Other amounts receivable41 | €23,764 | €40,785 | €63,130 | ▲ 54.8% |
| Cash at bank and in hand54/58 | €135,570 | €209,220 | €127,967 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | - | €22,126 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €421,302 | €318,078 | €238,098 | ▼ 25.1% |
| Equity10/15 | €231,311 | €223,604 | €211,785 | ▼ 5.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €226,311 | €218,604 | €206,785 | ▼ 5.4% |
| Amounts payable17/49 | €189,992 | €94,473 | €26,312 | ▼ 72.1% |
| Amounts payable after more than one year17 | €6,813 | - | - | - |
| Financial debts170/4 | €6,813 | - | - | - |
| Amounts payable within one year42/48 | €141,777 | €94,473 | €26,312 | ▼ 72.1% |
| Current portion of amounts payable after more than one year42 | €6,495 | €6,813 | - | - |
| Trade debts44 | €14,785 | €11,367 | €1,462 | ▼ 87.1% |
| Suppliers440/4 | €14,785 | €11,367 | €1,462 | ▼ 87.1% |
| Advances received on contracts in progress46 | - | - | €20,538 | - |
| Taxes, remuneration and social security45 | €93,261 | €76,293 | €4,312 | ▼ 94.3% |
| Taxes450/3 | €73,322 | €73,766 | €112 | ▼ 99.8% |
| Remuneration and social security454/9 | €19,939 | €2,527 | €4,200 | ▲ 66.2% |
| Other amounts payable47/48 | €27,236 | - | - | - |
| Accrued charges and deferred income492/3 | €41,402 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €226,311 | -€7,707 | -€11,819 | ▼ 53.4% |
| + Depreciation and write-downs630 | €12,450 | €7,596 | €1,973 | ▼ 74.0% |
| Operating cash flow (approximation) | €238,761 | -€110 | -€9,846 | ▼ 8,833% |
| Investment in fixed assets (approximation) | - | €36,242 | €18,880 | ▼ 47.9% |
| Change in cash | - | €73,650 | -€81,253 | ▼ 210% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€11,819
Net result drops to -€11,819, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 8.74
Current ratio from 3.06 to 8.74; short-term debt falls from €94,473 to €26,312.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Hasselt · 1 establishment unit since 2022
Ground area
729 m²
Building footprint
258 m²
Volume, LiDAR
2,751 m³
Parcel 71323C0077/00F002, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IBA CONSTRUCTIONS
since 20222.335.975.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0077/00F002 | Flanders | 728 m² | 1 · 258 m² | 13.3 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,186 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
Founded14-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
43990Other specialised construction activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788576841
Also
9925:BE0788576841
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.