IDEAL PROJECT
ActiveSummary
IDEAL PROJECT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,726) and a net result of €16,141. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 6% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.6 in 2024; short-term debt: 147.3% and cash: 13.5% of total assets), and equity is negative.
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Signals
Seven 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-47.3%
Return on assets
24.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 7586 sector peers (2025).
NBB · sector comparisonPosition among 7586 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d late
2023
on the day
2022
8 d early
2021
31 d early
2020
25 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€30,726▲ 34.4%
2024 · -€46,868
Total assets
€64,940▼ 5.8%
2024 · €68,934
Net result
€16,141▼ 18.4%
2024 · €19,772
Working capital
-€30,726▲ 34.4%
2024 · -€46,868
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,762-€16,841€41,807€19,952▼ 52.3%€16,141▼ 19.1%
Net result€23,714-€16,841below the sector's middle half€41,807above the sector's middle half€19,772within the sector's middle half▼ 52.7%€16,141within the sector's middle half▼ 18.4%
Equity-€115,320=-€108,447below the sector's middle half▲ 6.0%-€66,639below the sector's middle half▲ 38.6%-€46,868below the sector's middle half▲ 29.7%-€30,726below the sector's middle half▲ 34.4%
Total assets€135,099=€106,762within the sector's middle half▼ 21.0%€48,569below the sector's middle half▼ 54.5%€68,934within the sector's middle half▲ 41.9%€64,940within the sector's middle half▼ 5.8%
Debt€250,419=€215,209▼ 14.1%€115,209▼ 46.5%€115,801▲ 0.5%€95,666▼ 17.4%
Working capital-€205,919=-€108,447below the sector's middle half▲ 47.3%-€66,639below the sector's middle half▲ 38.6%-€46,868below the sector's middle half▲ 29.7%-€30,726below the sector's middle half▲ 34.4%
Solvency-85.4%=-101.6%below the sector's middle half▼ 16.2pp-137.2%below the sector's middle half▼ 35.6pp-68.0%below the sector's middle half▲ 69.2pp-47.3%below the sector's middle half▲ 20.7pp
Current ratio0.18=0.50below the sector's middle half▲ 0.320.42below the sector's middle half▼ 0.070.60below the sector's middle half▲ 0.170.68below the sector's middle half▲ 0.08
Return on assets (ROA)17.6%▲ 21.9pp-15.8%below the sector's middle half▼ 33.3pp86.1%above the sector's middle half▲ 101.9pp28.7%above the sector's middle half▼ 57.4pp24.9%above the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 has fallen two years in a row; 2025 is 19% below 2024.
Key figures and ratios
Quick ratio
0.31▼
2024 · 0.44
Debt to equity
-3.11▼
2024 · -2.47
Debt ≤ 1 year
€95,666▼
2024 · €115,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,359 | - | - | - | - | - |
| Other operating charges640/8 | - | €525 | €649 | €985 | €209 | ▼ 78.8% |
| Non-recurring operating charges66A | - | €15,601 | - | - | - | - |
| Gross operating margin9900 | €27,468 | -€716 | €42,456 | €20,936 | €16,350 | ▼ 21.9% |
| Operating profit (loss)9901 | €23,762 | -€16,841 | €41,807 | €19,952 | €16,141 | ▼ 19.1% |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €180 | €0 | ▼ 100% |
| Recurring financial charges65 | €3,051 | - | - | €180 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €23,714 | -€16,841 | €41,807 | €19,772 | €16,141 | ▼ 18.4% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €23,714 | -€16,841 | €41,807 | €19,772 | €16,141 | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €23,714 | -€16,841 | €41,807 | €19,772 | €16,141 | ▼ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135,099 | €106,762 | €48,569 | €68,934 | €64,940 | ▼ 5.8% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €90,599 | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €90,599 | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €44,500 | €106,762 | €48,569 | €68,934 | €64,940 | ▼ 5.8% |
| Stocks and contracts in progress3 | €16,878 | - | €20,000 | €18,000 | €35,000 | ▲ 94.4% |
| Contracts in progress37 | - | - | €20,000 | €18,000 | €35,000 | ▲ 94.4% |
| Amounts receivable within one year40/41 | €2,694 | - | €22,493 | €45,520 | €21,200 | ▼ 53.4% |
| Trade receivables40 | - | - | €22,493 | €45,520 | €21,200 | ▼ 53.4% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €36,363 | €106,762 | €6,077 | €5,414 | €8,740 | ▲ 61.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135,099 | €106,762 | €48,569 | €68,934 | €64,940 | ▼ 5.8% |
| Equity10/15 | -€115,320 | -€108,447 | -€66,639 | -€46,868 | -€30,726 | ▲ 34.4% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | - | €62,000 | - |
| Profit (loss) carried forward14 | -€177,320 | -€170,447 | -€128,639 | -€108,868 | -€92,726 | ▲ 14.8% |
| Amounts payable17/49 | €250,419 | €215,209 | €115,209 | €115,801 | €95,666 | ▼ 17.4% |
| Amounts payable within one year42/48 | €250,419 | €215,209 | €115,209 | €115,801 | €95,666 | ▼ 17.4% |
| Trade debts44 | - | - | - | €387 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €387 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €178 | €430 | ▲ 142% |
| Taxes450/3 | - | - | - | €178 | €430 | ▲ 142% |
| Other amounts payable47/48 | - | €215,209 | €115,209 | €115,236 | €95,236 | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,714 | -€16,841 | €41,807 | €19,772 | €16,141 | ▼ 18.4% |
| + Depreciation and write-downs630 | €3,359 | - | - | - | - | - |
| Operating cash flow (approximation) | €27,073 | -€16,841 | €41,807 | €19,772 | €16,141 | ▼ 18.4% |
| Change in cash | - | €70,399 | -€100,685 | -€663 | €3,326 | ▲ 602% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
State Gazette act
Appointment: Gerardo Drappa (director)Reappointment: Silvio Giacone (managing director) · Resignation: Jordan Giacone (director) · Registered-office move6 facts ▸
State Gazette act
Appointment: Gerardo Drappa (director)
Reappointment: Silvio Giacone (managing director) · Resignation: Jordan Giacone (director) · Registered-office move6 facts ▸
- Other statement, Modifications non statutaires
- General meeting, 06-07-2026
- Registered-office move, Zoning de Jumet,4ème rue 33,6040 Charleroi
- Director appointment, Gerardo Drappa (director)
- Director reappointment, Silvio Giacone (managing director)
- Director resignation, Jordan Giacone (director)
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €41,807
Net result €41,807 after one loss-making year.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€16,841
Net result drops to -€16,841, the lowest in the series; recovery starts the following year.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €23,714
Net result €23,714 after 2 loss-making years.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Gerardo Drappa
CurrentDirector · since 06-07-2026
Day-to-day management 1
Silvio Giacone
CurrentManaging director
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2004
Ground area
9,994 m²
Building footprint
3,265 m²
Volume, LiDAR
31,190 m³
Parcel 52034B1039/00Z004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IDEAL PROJECT
since 20042.134.911.701
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 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.
Mandate history
3 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Gerardo Drappa |
|
| Silvio Giacone |
|
| Jordan Giacone |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-2003
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862281597
Also
9925:BE0862281597
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.