IDEAL CONSTRUCT
Dissolution or liquidationFinancials · financial year 2025, full format
2025 annual accounts filed late (65 days) Filed on 4 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00546543.
Turnover
€214,928▲ 23.9%
2024 · €173,530
EBIT margin
2.3%▼ 4.6pp
2024 · 6.9%
Net result
-€15,119
2024 · €10,365
Working capital
€130,794▼ 12.6%
2024 · €149,706
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 59% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€214,928
2025
Operating result€4,971
2025
Net result-€15,119
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€158,858
2025
Equity€131,135
2025
Debt€27,723
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€130,794
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.3%
2025
Return on assets (ROA)-9.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency82.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio6.16
2025
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).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€129,413-€129,230▼ 0.1%€166,504▲ 28.8%€22,585▼ 86.4%€173,530▲ 668%€214,928▲ 23.9%
Operating result€12,748-€20,383▲ 59.9%€11,786▼ 42.2%-€308,407€12,039€4,971▼ 58.7%
Net result€9,755within the sector's middle half-€18,701within the sector's middle half▲ 91.7%€10,107within the sector's middle half▼ 46.0%-€310,265below the sector's middle half€10,365within the sector's middle half-€15,119below the sector's middle half
EBIT margin9.9%-15.8%▲ 5.9pp7.1%▼ 8.7pp-1365.6%▼ 1372.6pp6.9%▲ 1372.5pp2.3%▼ 4.6pp
Equity€25,000within the sector's middle half-€43,700within the sector's middle half▲ 74.8%€53,807within the sector's middle half▲ 23.1%€135,890within the sector's middle half▲ 153%€146,255within the sector's middle half▲ 7.6%€131,135within the sector's middle half▼ 10.3%
Total assets€79,384within the sector's middle half-€77,057within the sector's middle half▼ 2.9%€130,374within the sector's middle half▲ 69.2%€201,095below the sector's middle half▲ 54.2%€157,510below the sector's middle half▼ 21.7%€158,858below the sector's middle half▲ 0.9%
Debt€54,385-€33,356▼ 38.7%€76,567▲ 130%€65,205▼ 14.8%€11,255▼ 82.7%€27,723▲ 146%
Working capital€23,630within the sector's middle half-€41,091within the sector's middle half▲ 73.9%€52,079within the sector's middle half▲ 26.7%€142,519within the sector's middle half▲ 174%€149,706within the sector's middle half▲ 5.0%€130,794within the sector's middle half▼ 12.6%
Solvency31.5%within the sector's middle half-56.7%within the sector's middle half▲ 25.2pp41.3%within the sector's middle half▼ 15.4pp67.6%above the sector's middle half▲ 26.3pp92.9%above the sector's middle half▲ 25.3pp82.5%above the sector's middle half▼ 10.3pp
Current ratio1.43within the sector's middle half-2.23within the sector's middle half▲ 0.801.68within the sector's middle half▼ 0.553.58above the sector's middle half▲ 1.9043.54above the sector's middle half▲ 39.966.16above the sector's middle half▼ 37.38
Return on assets (ROA)12.3%within the sector's middle half-24.3%above the sector's middle half▲ 12.0pp7.8%within the sector's middle half▼ 16.5pp-154.3%below the sector's middle half▼ 162.0pp6.6%within the sector's middle half▲ 160.9pp-9.5%below the sector's middle half▼ 16.1pp
above
within
below
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.
Why a figure moved sharply
- 2023 Turnover -86% on 2022. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,858
Fixed assets
€2,696 ▼ 37.1%
Current assets
€156,162 ▲ 1.9%
Equity and liabilities €158,858
Equity
€131,135 ▼ 10.3%
Debt
€27,723 ▲ 146%
Debt's share of the balance-sheet total rises from 7.1% to 17.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,560▼
2024 · €13,629
Cash flow
-€13,530▼
2024 · €11,954
Debt to equity
0.21▲
2024 · 0.08
ROE
-11.5%▼
2024 · 7.1%
Interest coverage
5.28▼
2024 · 8.14
Debt ≤ 1 year
€25,368▲
2024 · €3,519
Income taxes
€18,848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €129,413 | €129,230 | €166,504 | €22,585 | €173,530 | €214,928 | ▲ 23.9% |
| Goods, raw materials, services and sundry goods60/61 | €118,839 | €124,083 | €153,242 | €327,684 | €159,029 | €207,036 | ▲ 30.2% |
| Remuneration, social security and pensions62 | €160 | €101 | €36 | €742 | €79 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €456 | €880 | €880 | €1,062 | €1,589 | €1,589 | = |
| Other operating charges640/8 | €787 | €508 | €559 | €1,808 | €794 | €1,333 | ▲ 68.0% |
| Gross operating margin9900 | €14,151 | €21,874 | €13,262 | -€304,795 | €14,501 | €7,893 | ▼ 45.6% |
| Operating profit (loss)9901 | €12,748 | €20,383 | €11,786 | -€308,407 | €12,039 | €4,971 | ▼ 58.7% |
| Financial income75/76B | - | - | - | €4 | - | - | - |
| Recurring financial income75 | - | - | - | €4 | - | - | - |
| Financial charges65/66B | €2,992 | €1,683 | €1,679 | €1,862 | €1,675 | €1,242 | ▼ 25.8% |
| Recurring financial charges65 | €2,356 | €1,683 | €1,679 | €1,862 | €1,675 | €1,242 | ▼ 25.8% |
| Non-recurring financial charges66B | €637 | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,755 | €18,701 | €10,107 | -€310,265 | €10,365 | €3,728 | ▼ 64.0% |
| Income taxes67/77 | - | - | - | - | - | €18,848 | - |
| Profit (loss) for the period9904 | €9,755 | €18,701 | €10,107 | -€310,265 | €10,365 | -€15,119 | - |
| Profit (loss) for the period to be appropriated9905 | €9,755 | €18,701 | €10,107 | -€310,265 | €10,365 | -€15,119 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €79,384 | €77,057 | €130,374 | €201,095 | €157,510 | €158,858 | ▲ 0.9% |
| Fixed assets21/28 | €1,369 | €2,609 | €1,728 | €3,238 | €4,285 | €2,696 | ▼ 37.1% |
| Tangible fixed assets22/27 | €1,369 | €2,609 | €1,728 | €3,238 | €4,285 | €2,696 | ▼ 37.1% |
| Land and buildings22 | - | €0 | - | €359 | €359 | €359 | = |
| Furniture and vehicles24 | €1,369 | €2,609 | €1,728 | €2,879 | €3,926 | €2,337 | ▼ 40.5% |
| Current assets29/58 | €78,015 | €74,448 | €128,646 | €197,857 | €153,225 | €156,162 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €51,196 | €43,502 | €97,701 | €150,851 | €94,485 | €79,012 | ▼ 16.4% |
| Trade receivables40 | €42,165 | €14,964 | €41,184 | €72,176 | €24,256 | €732 | ▼ 97.0% |
| Other amounts receivable41 | €9,031 | €28,539 | €56,516 | €78,675 | €70,229 | €78,280 | ▲ 11.5% |
| Cash at bank and in hand54/58 | €19,457 | €29,716 | €29,716 | €47,006 | €58,739 | €77,150 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | €7,362 | €1,229 | €1,229 | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €79,384 | €77,057 | €130,374 | €201,095 | €157,510 | €158,858 | ▲ 0.9% |
| Equity10/15 | €25,000 | €43,700 | €53,807 | €135,890 | €146,255 | €131,135 | ▼ 10.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Issued capital100 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €500 | €500 | €500 | €500 | €500 | €500 | = |
| Non-distributable reserves130/1 | €500 | €500 | €500 | €500 | €500 | €500 | = |
| Legal reserve130 | €500 | €500 | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €19,500 | €38,200 | €48,307 | €130,390 | €140,755 | €125,635 | ▼ 10.7% |
| Amounts payable17/49 | €54,385 | €33,356 | €76,567 | €65,205 | €11,255 | €27,723 | ▲ 146% |
| Amounts payable within one year42/48 | €54,385 | €33,356 | €76,567 | €55,338 | €3,519 | €25,368 | ▲ 621% |
| Trade debts44 | €54,385 | €9,361 | €36,213 | €55,338 | €3,519 | €25,368 | ▲ 621% |
| Suppliers440/4 | €54,385 | €9,361 | €36,213 | €55,338 | €3,519 | €25,368 | ▲ 621% |
| Taxes, remuneration and social security45 | €0 | €13,112 | €25,361 | €0 | €0 | €0 | - |
| Taxes450/3 | €0 | €13,112 | €25,361 | - | - | - | - |
| Other amounts payable47/48 | - | €10,883 | €14,993 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €9,867 | €7,736 | €2,355 | ▼ 69.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,755 | €18,701 | €10,107 | -€310,265 | €10,365 | -€15,119 | - |
| + Depreciation and write-downs630 | €456 | €880 | €880 | €1,062 | €1,589 | €1,589 | = |
| Operating cash flow (approximation) | €10,211 | €19,581 | €10,987 | -€309,203 | €11,954 | -€13,530 | - |
| Investment in fixed assets (approximation) | - | -€2,120 | €0 | -€2,572 | -€2,636 | €0 | - |
| Change in cash | - | €10,259 | €0 | €17,290 | €11,733 | €18,410 | ▲ 56.9% |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 04-10-2026 | 2026-00546543 |
| 31-12-2024 | full format | 04-10-2026 | 2026-00547331 |
| 31-12-2023 | full format | 04-10-2026 | 2026-00546770 |
| 31-12-2022 | micro format | 09-05-2024 | 2024-00085512 |
| 31-12-2021 | micro format | 09-05-2024 | 2024-00085514 |
| 31-12-2020 | micro format | 18-05-2022 | 2022-20028692 |
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Of the 29,196 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,159. 12,946 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.