IDEA Construct
ActiveSummary
IDEA Construct has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,965 and a net result of €20,165. Equity has been shrinking by about 11% per year since 2021. Its solvency ranks better than 43% of 2,332 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-04-2014 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25210and 6 others
- Establishment unit
- 2.235.571.965 1860 Meise, since 21-02-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- €55,440
- ▲ 25.9%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €20,165
- ▼ 1.5%
- Equity
- €84,965
- ▲ 31.1%
- Total assets
- €222,977
- ▲ 97.8%
Score breakdownraises risk1 change of registered office in 24 months1 of the last 3 accounts lateSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 1.60, cash €42,091Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 58% of micro companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency
63-19
equity 38.1% of total assets
Liquidity
51-2
short-term debt 45.6% · cash 18.9%
Profitability
80-11
return on assets 9.0%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%▼ -0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.9%▲ +0.3 percentage points vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 0.8%▼ -0.3 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.86 in 2024), above the usual 1.5. Short-term debt is 45.6% and cash 18.9% of total assets. However, 61.9% of the assets are financed with debt and provisions.
Calculation
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 25, micro). It does better than 41% of them on solvency, 47% on liquidity, 63% on profitability and 79% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 · 5 filingsDeviation from the deadline
2025
9 days early
2024
14 days early
2023
69 days late
2022
70 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 29 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 5 filings
Turnover
€0
Total assets
€222,977▲ 97.8%
2024 · €112,722
Net result
€20,165▼ 1.5%
2024 · €20,481
Working capital
€60,795▲ 57.3%
2024 · €38,656
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
€29,324
▲ 6.9%
2025
20212025
Net result
€20,165
▼ 1.5%
2025
middle half of the sector
20212025
Equity
€84,965
▲ 31.1%
2025
middle half of the sector
20212025
Total assets
€222,977
▲ 97.8%
2025
middle half of the sector
20212025
Debt
€138,013
▲ 188%
2025
20212025
Working capital
€60,795
▲ 57.3%
2025
middle half of the sector
20212025
Solvency
38.1%
▼ 19.4pp
2025
middle half of the sector
20212025
Current ratio
1.60
▼ 0.27
2025
middle half of the sector
20212025
Return on assets (ROA)
9.0%
▼ 9.1pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€0-
Operating result€172,752--€13,262€21,916€27,423▲ 25.1%€29,324▲ 6.9%
Net result€127,528above the sector's middle half--€14,408below the sector's middle half€13,879within the sector's middle half€20,481within the sector's middle half▲ 47.6%€20,165within the sector's middle half▼ 1.5%
Equity€131,348within the sector's middle half-€116,940within the sector's middle half▼ 11.0%€130,819within the sector's middle half▲ 11.9%€64,800within the sector's middle half▼ 50.5%€84,965within the sector's middle half▲ 31.1%
Total assets€229,722within the sector's middle half-€183,745within the sector's middle half▼ 20.0%€154,529within the sector's middle half▼ 15.9%€112,722within the sector's middle half▼ 27.1%€222,977within the sector's middle half▲ 97.8%
Debt€98,375-€66,805▼ 32.1%€23,710▼ 64.5%€47,922▲ 102%€138,013▲ 188%
Working capital€103,033within the sector's middle half-€92,933within the sector's middle half▼ 9.8%€109,427above the sector's middle half▲ 17.7%€38,656within the sector's middle half▼ 64.7%€60,795within the sector's middle half▲ 57.3%
Solvency57.2%within the sector's middle half-63.6%within the sector's middle half▲ 6.5pp84.7%above the sector's middle half▲ 21.0pp57.5%within the sector's middle half▼ 27.2pp38.1%within the sector's middle half▼ 19.4pp
Current ratio2.38within the sector's middle half-2.84within the sector's middle half▲ 0.468.14above the sector's middle half▲ 5.301.86within the sector's middle half▼ 6.281.60within the sector's middle half▼ 0.27
Return on assets (ROA)55.5%above the sector's middle half--7.8%below the sector's middle half▼ 63.4pp9.0%within the sector's middle half▲ 16.8pp18.2%above the sector's middle half▲ 9.2pp9.0%within the sector's middle half▼ 9.1pp
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% higher than in 2024. It is the third rise in a row, after the fall in 2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222,977
Fixed assets
€60,579 ▲ 106%
Current assets
€162,398 ▲ 94.8%
Equity and liabilities €222,977
Equity
€84,965 ▲ 31.1%
Debt
€138,013 ▲ 188%
Debt's share of the balance-sheet total rises from 42.5% to 61.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,079▲
2024 · €42,292
Cash flow
€40,919▲
2024 · €35,351
Quick ratio
1.50▼
2024 · 1.86
Debt to equity
1.62▲
2024 · 0.74
ROE
23.7%▼
2024 · 31.6%
Interest coverage
15.32▼
2024 · 55.07
Debt ≤ 1 year
€101,603▲
2024 · €44,692
Debt > 1 year
€36,410▲
2024 · €3,230
Income taxes
€6,055▼
2024 · €6,174
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | €47,277 | €42,277 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €54,735 | - | €1,073 | €14,464 | €55,760 |
| Depreciation and write-downs of the year | €6,450 | €11,971 | €11,587 | €14,870 | €20,755 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,450 | €11,971 | €11,587 | €14,870 | €20,755 | ▲ 39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €26,812 | -€26,812 | - | - |
| Other operating charges640/8 | €3,766 | €26 | €880 | €28,553 | €5,361 | ▼ 81.2% |
| Gross operating margin9900 | €182,968 | -€1,265 | €61,195 | €44,034 | €55,440 | ▲ 25.9% |
| Operating profit (loss)9901 | €172,752 | -€13,262 | €21,916 | €27,423 | €29,324 | ▲ 6.9% |
| Financial income75/76B | - | - | €6 | €0 | €165 | ▲ 5,513× |
| Recurring financial income75 | - | - | €6 | €0 | €165 | ▲ 5,513× |
| Financial charges65/66B | €5,447 | €1,146 | €4,004 | €768 | €3,270 | ▲ 326% |
| Recurring financial charges65 | €5,447 | €1,146 | €4,004 | €768 | €3,270 | ▲ 326% |
| Profit (loss) for the period before taxes9903 | €167,305 | -€14,408 | €17,917 | €26,655 | €26,220 | ▼ 1.6% |
| Income taxes67/77 | €39,777 | - | €4,039 | €6,174 | €6,055 | ▼ 1.9% |
| Profit (loss) for the period9904 | €127,528 | -€14,408 | €13,879 | €20,481 | €20,165 | ▼ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €127,528 | -€14,408 | €13,879 | €20,481 | €20,165 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229,722 | €183,745 | €154,529 | €112,722 | €222,977 | ▲ 97.8% |
| Fixed assets21/28 | €52,264 | €40,293 | €29,779 | €29,374 | €60,579 | ▲ 106% |
| Tangible fixed assets22/27 | €52,264 | €40,293 | €29,779 | €29,374 | €60,579 | ▲ 106% |
| Plant, machinery and equipment23 | €1,966 | €1,505 | €1,109 | €713 | €317 | ▼ 55.5% |
| Furniture and vehicles24 | €50,298 | €38,787 | €28,670 | €28,661 | €12,362 | ▼ 56.9% |
| Leasing and similar rights25 | - | - | - | - | €47,901 | - |
| Current assets29/58 | €177,458 | €143,453 | €124,750 | €83,348 | €162,398 | ▲ 94.8% |
| Stocks and contracts in progress3 | - | - | - | - | €10,215 | - |
| Stocks30/36 | - | - | - | - | €10,215 | - |
| Amounts receivable within one year40/41 | €50,692 | €53,303 | €53,246 | €57,046 | €102,226 | ▲ 79.2% |
| Trade receivables40 | €27,919 | €28,708 | €49,250 | €50,406 | €87,771 | ▲ 74.1% |
| Other amounts receivable41 | €22,773 | €24,596 | €3,996 | €6,640 | €14,454 | ▲ 118% |
| Cash at bank and in hand54/58 | €122,733 | €83,964 | €65,979 | €19,404 | €42,091 | ▲ 117% |
| Deferred charges and accrued income490/1 | €4,034 | €6,185 | €5,526 | €6,898 | €7,867 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229,722 | €183,745 | €154,529 | €112,722 | €222,977 | ▲ 97.8% |
| Equity10/15 | €131,348 | €116,940 | €130,819 | €64,800 | €84,965 | ▲ 31.1% |
| Contributions10/11 | €100 | €100 | €100 | €1,100 | €1,100 | = |
| Reserves13 | €440 | €440 | €440 | €440 | €440 | = |
| Non-distributable reserves130/1 | €440 | €440 | €0 | - | - | - |
| Reserves not available under the articles1311 | €440 | €440 | - | - | - | - |
| Distributable reserves133 | - | - | €440 | €440 | €440 | = |
| Profit (loss) carried forward14 | €130,807 | €116,400 | €130,279 | €63,260 | €83,424 | ▲ 31.9% |
| Amounts payable17/49 | €98,375 | €66,805 | €23,710 | €47,922 | €138,013 | ▲ 188% |
| Amounts payable after more than one year17 | €23,949 | €16,285 | €8,388 | €3,230 | €36,410 | ▲ 11× |
| Financial debts170/4 | €23,949 | €16,285 | €8,388 | €3,230 | €36,410 | ▲ 11× |
| Amounts payable within one year42/48 | €74,426 | €50,520 | €15,323 | €44,692 | €101,603 | ▲ 127% |
| Current portion of amounts payable after more than one year42 | €7,435 | €7,663 | €7,898 | €5,158 | €14,260 | ▲ 176% |
| Trade debts44 | €2,214 | €579 | €266 | €8,306 | €33,748 | ▲ 306% |
| Suppliers440/4 | €2,214 | €579 | €266 | €8,306 | €33,748 | ▲ 306% |
| Taxes, remuneration and social security45 | €47,277 | €42,277 | €7,025 | €26,773 | €17,769 | ▼ 33.6% |
| Taxes450/3 | €47,277 | €42,277 | €7,025 | €26,773 | €17,769 | ▼ 33.6% |
| Remuneration and social security454/9 | €0 | €0 | - | - | - | - |
| Other amounts payable47/48 | €17,500 | €0 | €134 | €4,454 | €35,826 | ▲ 704% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €127,528 | -€14,408 | €13,879 | €20,481 | €20,165 | ▼ 1.5% |
| + Depreciation and write-downs630 | €6,450 | €11,971 | €11,587 | €14,870 | €20,755 | ▲ 39.6% |
| Operating cash flow (approximation) | €133,978 | -€2,436 | €25,466 | €35,351 | €40,919 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,073 | -€14,464 | -€51,960 | ▼ 259% |
| Change in cash | - | -€38,768 | -€17,986 | -€46,574 | €22,686 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as IDEA Construct has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of IDEA Construct itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for IDEA 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00323842 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00286250 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00502582 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00481077 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20396482 |
Board & ownership
Directors
Directors
2 directors
ZAJAC Emil
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
ZAJAC Jaroslaw
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ZAJAC Emil |
|
| ZAJAC Jaroslaw |
|
Network & group
IDEA Construct shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of IDEA Construct. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-07
micro format · 9 days before the deadline
16-01
Gazette deed
Registered office moved within MeiseNew seat: Krogstraat 149, 1860 Meise · Previous seat: Limbosweg 28, 1860 Meise · Director in office3 points ▸
Gazette deed
Registered office moved within Meise
New seat: Krogstraat 149, 1860 Meise · Previous seat: Limbosweg 28, 1860 Meise · Director in office3 points ▸
- Board meeting, 27-11-2025
- Registered-office move, Krogstraat 149,1860 Meise
- Director in office, Emil Zajac (director)
2025
17-07
micro format · 14 days before the deadline
2024
08-10
micro format · 69 days late
2023
31-12
Financial
Back to profitnet €13,879
The net result is €13,879, after one loss-making year.
31-12
Financial
Liquidity more than doubledcurrent ratio 8.14
The current ratio rises from 2.84 to 8.14. Short-term debt falls from €50,520 to €15,323.
09-10
micro format · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€14,408
The net result drops to -€14,408, the lowest from 2021 to 2025. It recovers the following year.
31-08
micro format · 31 days late
2014
21-05
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IDEA Construct in Dutch
Enterprise number
0550.954.456
Legal form
Private limited company
Status
Active, normale toestand
Founded
28-04-2014
Entity type
Legal entity
Registered office and establishments
Registered office
Krogstraat 149, 1860 Meise, Belgium
Establishment unit
IDEA Construct, Krogstraat 149, 1860 Meise since 21-02-2014 · unit number 2.235.571.9652521013 Manufacture of fabricated metal products, except machinery and equipment
Activities
NACEBEL 202525210
Manufacture of fabricated metal products, except machinery and equipment main activity
43120
Site preparation
43320
Joinery installation
43341
Painting of buildings
43422
Screed work
81300
Landscape service activities
82990
Other business support services
Codes under NACEBEL 2008
25300
Manufacture of fabricated metal products, except machinery and equipment main activity
43120
Site preparation
43320
Joinery installation
43341
Painting of buildings
43996
Specialised construction activities
81300
Landscape service activities
82990
Other business support services
Invoicing and payment
VAT number
BE 0550.954.456
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 0550.954.456
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Recognised contractor
4 categoriesIDEA Construct BVapproval number 44755
- D General building contractsclass 1, up to €162,000
- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
Sites & property
Location
Buildings and parcels at the address
Ground area
591 m²
Building footprint
181 m²
Building volume
820 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23050G0008/00H002 | Flanders | 591 m² | 1 · 181 m² | 8.0 m · 2 |