IDEAL CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of IDEAL CONSTRUCT is 3.8% (moderate). The 2022 annual accounts show equity of €54k and a net result of €10k. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 57% of 2276 sector peers (fiscal year 2022). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 746 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-05-2024, 283 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	09-05-2024	283 d late	2024-00085512
31-12-2021	31-07-2022	09-05-2024	648 d late	2024-00085514
31-12-2020	31-07-2021	18-05-2022	291 d late	2022-20028692

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.8% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€167k+28.8%

EBIT margin7.1%-8.7pp

Net result€10k-46.0%

Working capital€52k+26.7%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 09-05-2024 with the NBB · fiscal year 2022 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~33%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	41.3%	35.3%	better than 57% of 2276 sector peers
Net result	€10k	€10k	better than 50% of 2270 sector peers
Equity	€54k	€22k	better than 78% of 2281 sector peers
Gross operating margin	€13k	€25k	better than 34% of 2264 sector peers
Staff costs	€36	€22k	higher than 5% of 740 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P57

Stable position over 2020-2022 · n=495-2276

Net result P50

Stable position over 2020-2022 · n=493-2270

Equity P78

Improving position over 2020-2022 · n=498-2281

Gross operating margin P34

Stable position over 2020-2022 · n=494-2264

Describes the position versus peers, not a forecast.

Revenue

€167k

+28.8% 20-22

EBITDA

€13k

-40.4% 20-22

Net profit

€10k

-46.0% 20-22

Cash flow

€11k

-43.9% 20-22

Total assets

€130k

+69.2% 20-22

Equity

€54k

+23.1% 20-22

Working capital

€52k

+26.7% 20-22

Staff costs

€36

-64.1% 20-22

Show 11 other metrics

Debt

€77k

+129.5% 20-22

Debt ≤ 1y

€77k

+129.5% 20-22

Current ratio

1.68

-24.7% 20-22

Quick ratio

1.68

-24.7% 20-22

Solvency

41.3%

-27.2% 20-22

Debt / equity

1.42

+86.4% 20-22

ROE

18.8%

-56.1% 20-22

ROA

7.8%

-68.1% 20-22

Net margin

6.1%

-58.1% 20-22

EBITDA margin

7.6%

-53.8% 20-22

Interest coverage

7.54

-40.3% 20-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	€167k
EBITDA	€13k
Net profit	€10k
Cash flow	€11k
Staff costs	€36
Income taxes	-
Dividends	-
Total assets	€130k
Equity	€54k
Debt	€77k
of which ≤ 1y	€77k
of which > 1y	-
Working capital	€52k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	1.68
Quick ratio	1.68
Working capital ratio	39.9%
Solvency	41.3%
Debt / equity	1.42
Long-term debt ratio	-
Interest coverage	7.54
Gross margin	8.0%
Net margin	6.1%
ROA	7.8%
ROE	18.8%
EBITDA margin	7.6%
Days sales outstanding	90d
Days payable outstanding	86d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €2k · 1.3% Current assets €129k · 98.7%

Equity & liabilities

Equity €54k · 41.3% Debt €77k · 58.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€130k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€129k
Amounts receivable within one year	40/41	€98k
Cash & bank	54/58	€30k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€130k
Equity	10/15	€54k
Contributions / capital	10/11	€5k
Reserves	13	€500
Accumulated profits (losses)	14	€48k
Amounts payable	17/49	€77k
Amounts payable within one year	42/48	€77k
Trade debts payable within one year	44	€36k
Income statement
Turnover	70	€167k
Gross operating margin	9900	€13k
Operating result	9901	€12k
Financial charges	65	€2k
Result before taxes	9903	€10k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

88 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

Rue de Basècles(BLA) 19, 7321 Bernissart

Algemene bouw van residentiële gebouwen

since 20192.285.788.172

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,331 m²

Buildings2

Building footprint475 m²

Volume (LiDAR)1,441 m³

Tallest building6.1 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)