IC BUILD
ActiveSummary
The computed 12-month bankruptcy probability of IC BUILD is 2.5% (moderate). The 2025 annual accounts show equity of €41,450 and a net result of €27,178. Its solvency ranks better than 77% of 2,787 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €41,450
- Profit
- €27,178
Why 54raises riskFounded in 2023Size: total assets €63,534Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 2.89, cash €8,820Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro): better than 74% on solvency, 55% on liquidity, 91% on profitability and 94% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 2 accounts on average 154 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: CRETU Irinel Razvan (director)…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439262.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 39% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €486 | - |
| Gross operating margin9900 | €26,540 | €37,292 | ▲ 40.5% |
| Operating profit (loss)9901 | €26,540 | €36,805 | ▲ 38.7% |
| Financial income75/76B | €564 | €2,068 | ▲ 267% |
| Recurring financial income75 | €564 | €2,068 | ▲ 267% |
| Financial charges65/66B | €7,012 | €944 | ▼ 86.5% |
| Recurring financial charges65 | €7,012 | €944 | ▼ 86.5% |
| Profit (loss) for the period before taxes9903 | €20,092 | €37,930 | ▲ 88.8% |
| Income taxes67/77 | €5,820 | €10,751 | ▲ 84.7% |
| Profit (loss) for the period9904 | €14,272 | €27,178 | ▲ 90.4% |
| Profit (loss) for the period to be appropriated9905 | €14,272 | €27,178 | ▲ 90.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,450 | €63,534 | ▲ 211% |
| Fixed assets21/28 | €400 | €400 | = |
| Financial fixed assets28 | €400 | €400 | = |
| Current assets29/58 | €20,050 | €63,134 | ▲ 215% |
| Amounts receivable within one year40/41 | €19,684 | €54,314 | ▲ 176% |
| Trade receivables40 | - | €5,764 | - |
| Other amounts receivable41 | €19,684 | €48,550 | ▲ 147% |
| Cash at bank and in hand54/58 | €0 | €8,820 | - |
| Deferred charges and accrued income490/1 | €366 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,450 | €63,534 | ▲ 211% |
| Equity10/15 | €14,272 | €41,450 | ▲ 190% |
| Reserves13 | €10,000 | €37,000 | ▲ 270% |
| Non-distributable reserves130/1 | - | €27,000 | - |
| Other1319 | - | €27,000 | - |
| Distributable reserves133 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €4,272 | €4,450 | ▲ 4.2% |
| Amounts payable17/49 | €6,179 | €22,084 | ▲ 257% |
| Amounts payable within one year42/48 | €6,179 | €21,870 | ▲ 254% |
| Financial debts43 | €15 | - | - |
| Other loans439 | €15 | - | - |
| Trade debts44 | €344 | €768 | ▲ 123% |
| Suppliers440/4 | €344 | €768 | ▲ 123% |
| Taxes, remuneration and social security45 | €5,820 | €21,102 | ▲ 263% |
| Taxes450/3 | €5,820 | €16,870 | ▲ 190% |
| Remuneration and social security454/9 | - | €4,232 | - |
| Accrued charges and deferred income492/3 | - | €214 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,272 | €27,178 | ▲ 90.4% |
| Operating cash flow (approximation) | €14,272 | €27,178 | ▲ 90.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €8,820 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00439262 |
| 31-12-2024 | micro format | 06-05-2026 | 2026-00103598 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CRETU Irinel Razvan |
|
Owners and capital
Capital and shareholders
- CRETU Irinel Razvan 100 shares (100%) · €3,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 05-07-2023 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-07
Gazette deed
IncorporationAppointment: CRETU Irinel Razvan (director) · Board rule · Pre-incorporation commitments8 facts ▸
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, CRETU Irinel Razvan (director (not named in the articles))
- Other provision, “begin werkzaamheden, dag verkrijging rechtspersoonlijkheid,hetzij dag neerlegging ter griffie van uitgifte oprichtingsakte overeenkomstig wet” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle handelingen gedaan in haar naam door comparanten,neemt voor rekening en bekrachtigt” (deed in Dutch)
- Incorporation, “IC BUILD” (deed in Dutch)
- Founder, CRETU Irinel Razvan (comparant)
- Registered office clause, “1600 Sint-Pieters-Leeuw,Bergensesteenweg 24/8” (deed in Dutch)
- Founding capital, €3,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 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 0803.520.284
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 41076B0750/00L000 | Flanders | 1,554 m² | 1 · 784 m² | 14.3 m · 3 |
How the parcels are linked
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.
- IC BUILD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, exploitatiezetels oprichten of opheffen bij enkel besluit van het bestuursorgaan voor zover geen wijziging taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)“Gelijk recht in winstverdeling en vereffeningsaldo, 100” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en voor andere helft ten laste koper(s) naar evenredigheid verworven aantal aandelen, bestuursorgaan” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, recht AV een of meer vereffenaars aan te duiden,bevoegdheden te omlijnen en…” (deed in Dutch)