IDM CONSTRUCT
ActiveSummary
IDM CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126,698 and a net result of €22,676. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+9
Solvency99▲+4
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.61 against 3.79 in 2023; short-term debt: 18.6% and cash: 0.4% of total assets), and 26.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 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.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
135 d late
2022
123 d late
2021
115 d late
2020
146 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 137 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 2024, micro schema
Turnover
€370,030▲ 60.9%
2023 · €229,990
EBIT margin
10.6%▲ 2.3pp
2023 · 8.2%
Net result
€22,676▲ 130%
2023 · €9,857
Working capital
€115,338▲ 37.4%
2023 · €83,943
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€143,263▲ 37.3%€135,230▼ 5.6%€160,234▲ 18.5%€229,990▲ 43.5%€370,030▲ 60.9%
Operating result€54,154▲ 108%€10,894▼ 79.9%€18,817▲ 72.7%€18,937▲ 0.6%€39,141▲ 107%
Net result€43,678above the sector's middle half▲ 109%€8,848within the sector's middle half▼ 79.7%€14,519within the sector's middle half▲ 64.1%€9,857within the sector's middle half▼ 32.1%€22,676within the sector's middle half▲ 130%
EBIT margin37.8%▲ 12.8pp8.1%▼ 29.7pp11.7%▲ 3.7pp8.2%▼ 3.5pp10.6%▲ 2.3pp
Equity€70,798within the sector's middle half▲ 161%€79,646within the sector's middle half▲ 12.5%€94,164within the sector's middle half▲ 18.2%€104,022within the sector's middle half▲ 10.5%€126,698within the sector's middle half▲ 21.8%
Total assets€114,198within the sector's middle half▲ 104%€112,355within the sector's middle half▼ 1.6%€133,228within the sector's middle half▲ 18.6%€147,584within the sector's middle half▲ 10.8%€172,136within the sector's middle half▲ 16.6%
Debt€43,400▲ 49.9%€32,710▼ 24.6%€39,063▲ 19.4%€43,562▲ 11.5%€45,438▲ 4.3%
Working capital€54,794within the sector's middle half▲ 102%€65,810within the sector's middle half▲ 20.1%€69,466within the sector's middle half▲ 5.6%€83,943within the sector's middle half▲ 20.8%€115,338above the sector's middle half▲ 37.4%
Solvency62.0%within the sector's middle half▲ 13.6pp70.9%above the sector's middle half▲ 8.9pp70.7%above the sector's middle half▼ 0.2pp70.5%above the sector's middle half▼ 0.2pp73.6%above the sector's middle half▲ 3.1pp
Current ratio2.26within the sector's middle half▲ 0.333.01within the sector's middle half▲ 0.753.01within the sector's middle half=3.79above the sector's middle half▲ 0.784.61above the sector's middle half▲ 0.82
Return on assets (ROA)38.2%above the sector's middle half▲ 0.9pp7.9%within the sector's middle half▼ 30.4pp10.9%within the sector's middle half▲ 3.0pp6.7%within the sector's middle half▼ 4.2pp13.2%within the sector's middle half▲ 6.5pp
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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 107% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172,136
Fixed assets
€24,842 ▼ 26.0%
Current assets
€147,295 ▲ 29.2%
Equity and liabilities €172,136
Equity
€126,698 ▲ 21.8%
Debt
€45,438 ▲ 4.3%
Debt's share of the balance-sheet total falls from 29.5% to 26.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,764▲
2023 · €27,830
Cash flow
€32,299▲
2023 · €18,751
Debt to equity
0.36▼
2023 · 0.42
ROE
17.9%▲
2023 · 9.5%
Interest coverage
7.07▲
2023 · 5.66
Debt ≤ 1 year
€31,957▲
2023 · €30,081
Income taxes
€10,338▲
2023 · €5,319
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €143,263 | €135,230 | €160,234 | €229,990 | €370,030 | ▲ 60.9% |
| Non-recurring operating income76A | - | - | - | - | €664 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €536 | €3,559 | €4,343 | €8,893 | €9,623 | ▲ 8.2% |
| Other operating charges640/8 | - | €1,270 | €1,014 | €2,928 | €81,997 | ▲ 2,700% |
| Non-recurring operating charges66A | - | €1,865 | - | - | - | - |
| Gross operating margin9900 | €55,371 | €17,587 | €24,175 | €30,758 | €130,760 | ▲ 325% |
| Operating profit (loss)9901 | €54,154 | €10,894 | €18,817 | €18,937 | €39,141 | ▲ 107% |
| Financial income75/76B | - | €679 | €878 | €1,159 | €1,359 | ▲ 17.2% |
| Recurring financial income75 | €769 | €679 | €878 | €859 | €1,359 | ▲ 58.3% |
| Non-recurring financial income76B | - | - | - | €301 | - | - |
| Financial charges65/66B | - | €175 | €771 | €4,920 | €7,486 | ▲ 52.2% |
| Recurring financial charges65 | €273 | €175 | €771 | €4,920 | €6,896 | ▲ 40.2% |
| Non-recurring financial charges66B | - | - | - | - | €590 | - |
| Profit (loss) for the period before taxes9903 | €54,674 | €11,398 | €18,924 | €15,177 | €33,014 | ▲ 118% |
| Income taxes67/77 | €10,996 | €2,550 | €4,405 | €5,319 | €10,338 | ▲ 94.4% |
| Profit (loss) for the period9904 | €43,678 | €8,848 | €14,519 | €9,857 | €22,676 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €43,678 | €8,848 | €14,519 | €9,857 | €22,676 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,198 | €112,355 | €133,228 | €147,584 | €172,136 | ▲ 16.6% |
| Fixed assets21/28 | €16,004 | €13,836 | €29,287 | €33,560 | €24,842 | ▼ 26.0% |
| Tangible fixed assets22/27 | €16,004 | €13,836 | €29,287 | €33,560 | €24,842 | ▼ 26.0% |
| Plant, machinery and equipment23 | - | - | - | €8,998 | €7,938 | ▼ 11.8% |
| Furniture and vehicles24 | - | €13,836 | €29,287 | €24,562 | €16,903 | ▼ 31.2% |
| Current assets29/58 | €98,194 | €98,519 | €103,940 | €114,024 | €147,295 | ▲ 29.2% |
| Amounts receivable within one year40/41 | €90,206 | €98,030 | €97,627 | €110,038 | €142,067 | ▲ 29.1% |
| Trade receivables40 | - | €84,454 | €71,640 | €70,499 | €98,386 | ▲ 39.6% |
| Other amounts receivable41 | - | €13,576 | €25,987 | €39,539 | €43,680 | ▲ 10.5% |
| Cash at bank and in hand54/58 | €7,662 | €489 | €4,327 | €210 | €756 | ▲ 260% |
| Deferred charges and accrued income490/1 | - | - | €1,986 | €3,777 | €4,472 | ▲ 18.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,198 | €112,355 | €133,228 | €147,584 | €172,136 | ▲ 16.6% |
| Equity10/15 | €70,798 | €79,646 | €94,164 | €104,022 | €126,698 | ▲ 21.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €64,598 | €73,446 | €87,964 | €97,822 | €120,498 | ▲ 23.2% |
| Amounts payable17/49 | €43,400 | €32,710 | €39,063 | €43,562 | €45,438 | ▲ 4.3% |
| Amounts payable within one year42/48 | €43,400 | €32,710 | €34,475 | €30,081 | €31,957 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | €2,667 | - | €3,384 | - |
| Financial debts43 | - | - | - | €10,119 | €4,981 | ▼ 50.8% |
| Credit institutions430/8 | - | - | - | €10,119 | €4,981 | ▼ 50.8% |
| Trade debts44 | €14,067 | €13,446 | €15,786 | €6,556 | €13,173 | ▲ 101% |
| Suppliers440/4 | - | €13,446 | €15,786 | €6,556 | €13,173 | ▲ 101% |
| Taxes, remuneration and social security45 | - | €19,264 | €11,451 | €13,406 | €10,419 | ▼ 22.3% |
| Taxes450/3 | - | €15,621 | €3,415 | €9,636 | €8,227 | ▼ 14.6% |
| Remuneration and social security454/9 | - | €3,643 | €8,036 | €3,770 | €2,192 | ▼ 41.9% |
| Other amounts payable47/48 | - | - | €4,570 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €4,588 | €13,481 | €13,481 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,678 | €8,848 | €14,519 | €9,857 | €22,676 | ▲ 130% |
| + Depreciation and write-downs630 | €536 | €3,559 | €4,343 | €8,893 | €9,623 | ▲ 8.2% |
| Operating cash flow (approximation) | €44,215 | €12,406 | €18,862 | €18,751 | €32,299 | ▲ 72.3% |
| Investment in fixed assets (approximation) | - | -€1,391 | -€19,794 | -€13,166 | -€904 | ▲ 93.1% |
| Change in cash | - | -€7,173 | €3,838 | -€4,117 | €546 | ▲ 113% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 135 days late
2023
31-12
Financial
Equity above €100,000Eq €104,022 ▲10.5%
5 profitable years in a row build equity to €104,022.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
31-12
Financial
Weakest financial yearnet €8,848 ▼79.7%
Net result drops to €8,848, the lowest in the series; recovery starts the following year.
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Highest result since 2019net €43,678 ▲109%
Operating result €54,154, net result €43,678, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Halle · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roggemanskaai (Felix) 17U1501 Halle1 establishment unit
Roggemanskaai (Felix) 17U, 1501 Halle
since 20182.284.030.591
Recognitions · licences · registrations
Recognised contractor
2 categoriesIDM CONSTRUCT BV43606
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,163 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
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43410Roofing work
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692588314
Also
9925:BE0692588314
Registered
27-10-2025
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.