IDEAL CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of IDEAL CONSTRUCTION is 3.4% (moderate). For IDEAL CONSTRUCTION, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €79,255 and a net result of €20,269. Equity is growing by ~53% per year across the filed fiscal years. Its solvency ranks better than 95% of 33673 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency100=
Growth85=
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2023Solvency, return and age of the figures
Solvency
99%
Return on assets
25.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d late
2022
361 d late
2021
721 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 384 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€109,354▲ 66.0%
2022 · €65,892
EBIT margin
18.8%▼ 24.2pp
2022 · 43.0%
Net result
€20,269▼ 28.1%
2022 · €28,177
Working capital
€59,272▲ 12.7%
2022 · €52,596
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line202120222023
Turnover€38,108-€65,892▲ 72.9%€109,354▲ 66.0%
Operating result€14,713-€28,320▲ 92.5%€20,531▼ 27.5%
Net result€14,698within the sector's middle half-€28,177within the sector's middle half▲ 91.7%€20,269within the sector's middle half▼ 28.1%
EBIT margin38.6%-43.0%▲ 4.4pp18.8%▼ 24.2pp
Equity€16,698below the sector's middle half-€58,986within the sector's middle half▲ 253%€79,255within the sector's middle half▲ 34.4%
Total assets€22,896below the sector's middle half-€75,056within the sector's middle half▲ 228%€80,019within the sector's middle half▲ 6.6%
Debt€6,198-€16,070▲ 159%€764▼ 95.2%
Working capital€14,215within the sector's middle half-€52,596within the sector's middle half▲ 270%€59,272within the sector's middle half▲ 12.7%
Solvency72.9%above the sector's middle half-78.6%above the sector's middle half▲ 5.7pp99.0%above the sector's middle half▲ 20.5pp
Current ratio3.29above the sector's middle half-4.27above the sector's middle half▲ 0.9878.58above the sector's middle half▲ 74.31
Return on assets (ROA)64.2%above the sector's middle half-37.5%above the sector's middle half▼ 26.7pp25.3%above the sector's middle half▼ 12.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 28% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €79,014
Fixed assets
€18,978 ▲ 276%
Current assets
€60,036 ▼ 12.6%
Equity and liabilities €80,019
Equity
€79,255 ▲ 34.4%
Debt
€764 ▼ 95.2%
Debt's share of the balance-sheet total falls from 21.4% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,228▼
2022 · €30,212
Cash flow
€21,966▼
2022 · €30,069
Quick ratio
72.07▲
2022 · 4.27
Debt to equity
0.01▼
2022 · 0.27
ROE
25.6%▼
2022 · 47.8%
Interest coverage
84.84▼
2022 · 211.27
Debt ≤ 1 year
€764▼
2022 · €16,070
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €38,108 | €65,892 | €109,354 | ▲ 66.0% |
| Goods, raw materials, services and sundry goods60/61 | €23,395 | €35,680 | €85,955 | ▲ 141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,892 | €1,697 | ▼ 10.3% |
| Other operating charges640/8 | - | - | €1,171 | - |
| Gross operating margin9900 | €14,713 | €30,212 | €23,399 | ▼ 22.6% |
| Operating profit (loss)9901 | €14,713 | €28,320 | €20,531 | ▼ 27.5% |
| Financial charges65/66B | €15 | €143 | €262 | ▲ 83.2% |
| Recurring financial charges65 | €15 | €143 | €262 | ▲ 83.2% |
| Non-recurring financial charges66B | €15 | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,698 | €28,177 | €20,269 | ▼ 28.1% |
| Profit (loss) for the period9904 | €14,698 | €28,177 | €20,269 | ▼ 28.1% |
| Profit (loss) for the period to be appropriated9905 | €14,698 | €28,177 | €20,269 | ▼ 28.1% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €22,896 | €75,056 | €80,019 | ▲ 6.6% |
| Formation expenses20 | €1,675 | €1,340 | €1,005 | ▼ 25.0% |
| Fixed assets21/28 | €808 | €5,050 | €18,978 | ▲ 276% |
| Tangible fixed assets22/27 | €808 | €5,050 | €18,978 | ▲ 276% |
| Plant, machinery and equipment23 | - | €4,444 | €3,284 | ▼ 26.1% |
| Furniture and vehicles24 | €808 | €606 | €15,694 | ▲ 2,490% |
| Current assets29/58 | €20,413 | €68,666 | €60,036 | ▼ 12.6% |
| Stocks and contracts in progress3 | €7,680 | - | €4,975 | - |
| Stocks30/36 | - | - | €2,425 | - |
| Contracts in progress37 | €7,680 | - | €2,550 | - |
| Amounts receivable within one year40/41 | €5,441 | €66,530 | €36,555 | ▼ 45.1% |
| Trade receivables40 | - | €11,787 | €23,715 | ▲ 101% |
| Other amounts receivable41 | €5,441 | €54,743 | €12,840 | ▼ 76.5% |
| Cash at bank and in hand54/58 | €1,792 | €2,136 | €18,506 | ▲ 766% |
| Deferred charges and accrued income490/1 | €5,500 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €22,896 | €75,056 | €80,019 | ▲ 6.6% |
| Equity10/15 | €16,698 | €58,986 | €79,255 | ▲ 34.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €200 | €14,311 | €14,311 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | = |
| Legal reserve130 | €200 | €200 | €200 | = |
| Distributable reserves133 | - | €14,111 | €14,111 | = |
| Profit (loss) carried forward14 | €14,498 | €42,675 | €62,944 | ▲ 47.5% |
| Amounts payable17/49 | €6,198 | €16,070 | €764 | ▼ 95.2% |
| Amounts payable within one year42/48 | €6,198 | €16,070 | €764 | ▼ 95.2% |
| Current portion of amounts payable after more than one year42 | - | €2,000 | - | - |
| Trade debts44 | €6,198 | €12,511 | €764 | ▼ 93.9% |
| Suppliers440/4 | €6,198 | €12,511 | €764 | ▼ 93.9% |
| Taxes, remuneration and social security45 | - | €1,559 | - | - |
| Taxes450/3 | - | €1,559 | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,698 | €28,177 | €20,269 | ▼ 28.1% |
| + Depreciation and write-downs630 | - | €1,892 | €1,697 | ▼ 10.3% |
| Operating cash flow (approximation) | €14,698 | €30,069 | €21,966 | ▼ 26.9% |
| Investment in fixed assets (approximation) | - | -€6,134 | -€15,625 | ▼ 155% |
| Change in cash | - | €344 | €16,370 | ▲ 4,659% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 361 days late
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 721 days late
2023
31-12
Financial
Liquidity times 18current ratio 78.58
Current ratio from 4.27 to 78.58; short-term debt falls from €16,070 to €764.
2022
31-12
Financial
Highest result since 2021net €28,177 ▲91.7%
Operating result €28,320, net result €28,177, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Houffalize
Ground area
133 m²
Building footprint
135 m²
Volume, LiDAR
1,101 m³
Parcel 82014A0025/00E000, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82014A0025/00E000 | Wallonia | 133 m² | 1 · 135 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 6,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43990Other specialised construction activities
41001General construction of residential buildings
43120Site preparation
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.