Summary
IBuild.ETS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €55,219 and a net result of €34,691. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 9865 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
58 d late
2022
29 d late
2021
61 d late
← 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 51 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€55,219▲ 169%
2023 · €20,528
Net result
€34,691
2023 · -€14,378
Total assets
€66,105▼ 84.0%
2023 · €413,759
Solvency
83.5%▲ 78.6pp
2023 · 5.0%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€2,235--€1,759▲ 21.3%-€4,310▼ 145%€45,702
Net result-€2,245--€2,849▼ 26.9%-€14,378▼ 405%€34,691
Equity€37,755-€34,906▼ 7.5%€20,528▼ 41.2%€55,219▲ 169%
Total assets€38,118-€294,794▲ 673%€413,759▲ 40.4%€66,105▼ 84.0%
Debt€363-€259,888▲ 71,495%€393,231▲ 51.3%€10,885▼ 97.2%
Working capital€37,755-€34,906▼ 7.5%€20,568▼ 41.1%€55,219▲ 168%
Solvency99.0%-11.8%▼ 87.2pp5.0%▼ 6.9pp83.5%▲ 78.6pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €45,702 after a loss of €4,310 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €66,105
Equity
€55,219 ▲ 169%
Debt
€10,885 ▼ 97.2%
Debt's share of the balance-sheet total falls from 95.0% to 16.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
62.8%▲
2023 · -70.0%
ROA
52.5%▲
2023 · -3.5%
Debt ≤ 1 year
€10,885▼
2023 · €393,191
Income taxes
€5,885
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €80 | - | €834 | - |
| Gross operating margin9900 | -€2,235 | -€1,679 | -€4,310 | €46,535 | ▲ 1,180% |
| Operating profit (loss)9901 | -€2,235 | -€1,759 | -€4,310 | €45,702 | ▲ 1,160% |
| Financial income75/76B | - | - | €560 | - | - |
| Recurring financial income75 | - | - | €560 | - | - |
| Financial charges65/66B | €10 | €1,091 | €10,627 | €5,125 | ▼ 51.8% |
| Recurring financial charges65 | €10 | €1,091 | €10,627 | €5,125 | ▼ 51.8% |
| Profit (loss) for the period before taxes9903 | -€2,245 | -€2,849 | -€14,378 | €40,577 | ▲ 382% |
| Income taxes67/77 | - | - | - | €5,885 | - |
| Profit (loss) for the period9904 | -€2,245 | -€2,849 | -€14,378 | €34,691 | ▲ 341% |
| Profit (loss) for the period to be appropriated9905 | -€2,245 | -€2,849 | -€14,378 | €34,691 | ▲ 341% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €38,118 | €294,794 | €413,759 | €66,105 | ▼ 84.0% |
| Current assets29/58 | €38,118 | €294,794 | €413,759 | €66,105 | ▼ 84.0% |
| Stocks and contracts in progress3 | - | €272,737 | €405,132 | - | - |
| Stocks30/36 | - | €272,737 | €405,132 | - | - |
| Amounts receivable within one year40/41 | €135 | €135 | €1,007 | - | - |
| Trade receivables40 | - | - | €1,003 | - | - |
| Other amounts receivable41 | €135 | €135 | €4 | - | - |
| Cash at bank and in hand54/58 | €37,983 | €21,770 | €5,322 | €66,105 | ▲ 1,142% |
| Deferred charges and accrued income490/1 | - | €152 | €2,298 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €38,118 | €294,794 | €413,759 | €66,105 | ▼ 84.0% |
| Equity10/15 | €37,755 | €34,906 | €20,528 | €55,219 | ▲ 169% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€2,245 | -€5,094 | -€19,472 | €15,219 | ▲ 178% |
| Amounts payable17/49 | €363 | €259,888 | €393,231 | €10,885 | ▼ 97.2% |
| Amounts payable within one year42/48 | €363 | €259,888 | €393,191 | €10,885 | ▼ 97.2% |
| Financial debts43 | - | €190,000 | €270,000 | - | - |
| Credit institutions430/8 | - | €190,000 | €270,000 | - | - |
| Trade debts44 | €363 | €1,206 | €4,743 | - | - |
| Suppliers440/4 | €363 | €1,206 | €4,743 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,885 | - |
| Taxes450/3 | - | - | - | €5,885 | - |
| Other amounts payable47/48 | - | €68,682 | €118,447 | €5,000 | ▼ 95.8% |
| Accrued charges and deferred income492/3 | - | - | €40 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,245 | -€2,849 | -€14,378 | €34,691 | ▲ 341% |
| Operating cash flow (approximation) | -€2,245 | -€2,849 | -€14,378 | €34,691 | ▲ 341% |
| Change in cash | - | -€16,213 | -€16,448 | €60,783 | ▲ 470% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Back to profitnet €34,691
Net result €34,691 after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 6.07
Current ratio from 1.05 to 6.07; short-term debt falls from €393,191 to €10,885.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet -€14,378
Net result drops to -€14,378, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
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, Braine-le-Château
Ground area
59 m²
Building footprint
82 m²
Volume, LiDAR
572 m³
Parcel 25111A0689/00P003, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0689/00P003 | Wallonia | 59 m² | 1 · 82 m² | 9.5 m · 2 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 24,730 companies in sector 64210 we hold annual accounts for 19,772. 10,712 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
Founded11-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.