IConstruct
ActiveSummary
IConstruct has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €3k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+95
Solvency93▲+30
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.84 against 1.33 in 2023; short-term debt: 32% and cash: 0% of total assets), and 32% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68%
Return on assets
21.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
104 d late
2022
92 d late
2019
196 d early
2018
50 d early
2017
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k
2023 · €-9k
2018: €10k
2019: €-2k
2022: €-2k
2023: €-9k
2018 → 2024
Working capital
€-678
2023 · €3k
2018: €11k
2019: €11k
2022: €10k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202220232024Trend
Equity€14k-€12k▼ 12.4%€15k▲ 18.0%€6k▼ 58.3%€9k▲ 45.8%
Operating result€10k-€-1k€-2k▼ 72.3%€-8k▼ 285%€4k
Net result€10k-€-2k€-2k▼ 32.8%€-9k▼ 268%€3k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €8k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13k
Fixed assets
€10k ▲ 235%
Current assets
€4k ▼ 73.2%
Equity and liabilities €13k
Equity
€9k ▲ 45.8%
Debt
€4k ▼ 57.6%
Debt's share of the balance-sheet total falls from 61.8% to 32.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €-7k
Cash flow
€6k▲
2023 · €-7k
Current ratio
0.84▼
2023 · 1.33
Debt to equity
0.47▼
2023 · 1.62
ROE
31.4%▲
2023 · -139.9%
ROA
21.4%▲
2023 · -53.4%
Interest coverage
53.20▲
2023 · -44.07
Debt ≤ 1 year
€4k▼
2023 · €10k
Income taxes
€817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€16k€13k▼
Fixed assets21/28€3k€10k▲
Tangible fixed assets22/27€3k€10k▲
Plant, machinery and equipment23-€8k
Furniture and vehicles24€3k€1k▼
Current assets29/58€13k€4k▼
Amounts receivable within one year40/41€11k€4k▼
Trade receivables40€3k€117▼
Other amounts receivable41€8k€3k▼
Cash at bank and in hand54/58€2k€6▼
Equity and liabilities
Total equity and liabilities10/49€16k€13k▼
Equity10/15€6k€9k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€1k€1k=
Non-distributable reserves130/1€1k-
Legal reserve130€1k-
Distributable reserves133-€1k
Profit (loss) carried forward14€-13k€-11k▲
Amounts payable17/49€10k€4k▼
Amounts payable within one year42/48€10k€4k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45-€817
Taxes450/3-€817
Other amounts payable47/48€4k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€478€2k▲
Gross operating margin9900€-6k€9k▲
Operating profit (loss)9901€-8k€4k▲
Financial charges65/66B€152€122▼
Recurring financial charges65€152€122▼
Profit (loss) for the period before taxes9903€-9k€4k▲
Income taxes67/77-€817
Profit (loss) for the period9904€-9k€3k▲
Profit (loss) for the period to be appropriated9905€-9k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-11k▲
Profit (loss) brought forward from the previous period14P€-5k€-13k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 28current ratio 32.89
Current ratio from 1.19 to 32.89; short-term debt falls from €57k to €352.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Sint-Pieters-Leeuw · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergensesteenweg 4211600 Sint-Pieters-LeeuwGround area
9,128 m²
Building footprint
1,446 m²
Volume, LiDAR
477 m³
2 parcels, Flanders, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Iconstruct
since 20142.225.539.690
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 25019B0229/00H023 | Wallonia | 816 m² | 1 · 116 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DONNE
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BELIEN VERWARMINGSTECHNIEK
BE 0873.097.790
Hamont-Achel · Eq €8,906
LR TECHNICS
BE 0769.831.095
Grâce-Hollogne · Eq €8,992
JANSSENS TECHNICS
BE 0729.636.275
Retie · Eq €9,000
Fair Renov
BE 1022.448.294
Fleurus · Eq €8,881
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 2,364 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.