IECH
ActiveSummary
IECH has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307,444 and a net result of -€112,920. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 45% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-45
Solvency65▼-24
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.4 against 3.23 in 2024; short-term debt: 57.7% and cash: 0.9% of total assets), and 59.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€112,920
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
77 d early
2023
27 d early
2022
18 d early
2021
48 d early
2020
33 d early
2019
21 d early
← 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 36 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Hooglede, Construction sector
Equity
€307,444▼ 48.4%
2024 · €595,364
Total assets
€766,126▼ 17.3%
2024 · €925,999
Net result
-€112,920▼ 454%
2024 · -€20,398
Working capital
€175,865▼ 64.3%
2024 · €492,269
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
Line20212022202320242025
Operating result€103,347▲ 41.1%€436,493▲ 322%€155,691▼ 64.3%-€25,471-€146,638▼ 476%
Net result€80,254within the sector's middle half▲ 43.1%€301,439above the sector's middle half▲ 276%€145,803above the sector's middle half▼ 51.6%-€20,398below the sector's middle half-€112,920below the sector's middle half▼ 454%
Equity€553,520within the sector's middle half▲ 11.1%€569,959within the sector's middle half▲ 3.0%€615,763within the sector's middle half▲ 8.0%€595,364within the sector's middle half▼ 3.3%€307,444within the sector's middle half▼ 48.4%
Total assets€847,564within the sector's middle half▼ 12.7%€1.2mwithin the sector's middle half▲ 46.6%€1.0mwithin the sector's middle half▼ 16.5%€925,999within the sector's middle half▼ 10.8%€766,126within the sector's middle half▼ 17.3%
Debt€255,858▼ 42.1%€587,067▲ 129%€344,962▼ 41.2%€266,867▼ 22.6%€458,681▲ 71.9%
Working capital€420,267▲ 22.4%€548,821▲ 30.6%€505,293▼ 7.9%€492,269▼ 2.6%€175,865▼ 64.3%
Solvency65.3%above the sector's middle half▲ 14.0pp45.9%within the sector's middle half▼ 19.4pp59.3%within the sector's middle half▲ 13.5pp64.3%within the sector's middle half▲ 5.0pp40.1%within the sector's middle half▼ 24.2pp
Staff (FTE)10.6above the sector's middle half▼ 24.3%11above the sector's middle half▲ 3.8%0below the sector's middle half▼ 100%9within the sector's middle half0below the sector's middle half▼ 100%
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €146,638 in 2025 against €25,471 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €766,126
Fixed assets
€148,209 ▼ 30.4%
Current assets
€617,917 ▼ 13.4%
Equity and liabilities €766,126
Equity
€307,444 ▼ 48.4%
Provisions
€0 ▼ 100%
Debt
€458,681 ▲ 71.9%
Debt's share of the balance-sheet total rises from 28.8% to 59.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€109,747▼
2024 · €20,421
Cash flow
-€76,029▼
2024 · €25,493
Current ratio
1.40▼
2024 · 3.23
Quick ratio
1.09▼
2024 · 2.34
Debt to equity
1.49▲
2024 · 0.45
ROE
-36.7%▼
2024 · -3.4%
ROA
-14.7%▼
2024 · -2.2%
Interest coverage
-14.51▼
2024 · 3.45
Debt ≤ 1 year
€442,052▲
2024 · €220,867
Debt > 1 year
€15,503▼
2024 · €46,001
Income taxes
€747▼
2024 · €4,431
Staff costs
€607,315▼
2024 · €691,268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 926 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €244,226 | €1,653 | €4,362 | €4,959 | ▲ 13.7% |
| Remuneration, social security and pensions62 | €665,177 | €711,921 | €654,453 | €691,268 | €607,315 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,670 | €13,852 | €21,439 | €45,891 | €36,891 | ▼ 19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €81,763 | -€21,279 | ▼ 126% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €7,152 | €6,599 | -€6,361 | -€6,361 | -€28,619 | ▼ 350% |
| Other operating charges640/8 | €9,196 | €34,525 | €6,808 | €7,194 | €9,196 | ▲ 27.8% |
| Non-recurring operating charges66A | - | - | - | - | €656 | - |
| Gross operating margin9900 | €814,542 | €1.2m | €832,030 | €794,286 | €457,521 | ▼ 42.4% |
| Operating profit (loss)9901 | €103,347 | €436,493 | €155,691 | -€25,471 | -€146,638 | ▼ 476% |
| Financial income75/76B | - | €2,902 | €14,188 | €8,459 | €6,881 | ▼ 18.7% |
| Recurring financial income75 | - | €2,902 | €14,188 | €8,459 | €6,881 | ▼ 18.7% |
| Financial charges65/66B | €3,882 | €5,999 | €5,158 | €5,914 | €7,564 | ▲ 27.9% |
| Recurring financial charges65 | €3,882 | €5,999 | €5,158 | €5,914 | €7,564 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | €99,465 | €433,397 | €164,720 | -€22,926 | -€147,321 | ▼ 543% |
| Transfer from deferred taxes780 | - | €477 | €1,957 | €6,959 | €35,148 | ▲ 405% |
| Transfer to deferred taxes680 | - | €44,541 | €0 | - | - | - |
| Income taxes67/77 | €19,211 | €87,894 | €20,874 | €4,431 | €747 | ▼ 83.1% |
| Profit (loss) for the period9904 | €80,254 | €301,439 | €145,803 | -€20,398 | -€112,920 | ▼ 454% |
| Transfer from tax-exempt reserves789 | - | €1,431 | €5,871 | €20,877 | €105,444 | ▲ 405% |
| Transfer to tax-exempt reserves689 | €28 | €133,622 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €80,227 | €169,248 | €151,674 | €479 | -€7,476 | ▼ 1,662% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €847,564 | €1.2m | €1.0m | €925,999 | €766,126 | ▼ 17.3% |
| Fixed assets21/28 | €179,410 | €109,956 | €220,542 | €212,863 | €148,209 | ▼ 30.4% |
| Tangible fixed assets22/27 | €179,410 | €109,956 | €220,542 | €212,863 | €148,209 | ▼ 30.4% |
| Land and buildings22 | €164,768 | €95,019 | €97,503 | €89,600 | €79,465 | ▼ 11.3% |
| Plant, machinery and equipment23 | €3,104 | €8,970 | €6,670 | €4,468 | €2,552 | ▼ 42.9% |
| Furniture and vehicles24 | €11,538 | €5,967 | €75,393 | €58,368 | €41,843 | ▼ 28.3% |
| Leasing and similar rights25 | - | - | €40,976 | €60,426 | €24,349 | ▼ 59.7% |
| Current assets29/58 | €668,155 | €1.1m | €817,269 | €713,136 | €617,917 | ▼ 13.4% |
| Amounts receivable after more than one year29 | €197,500 | €197,500 | €104,814 | €10,907 | €0 | ▼ 100% |
| Other amounts receivable291 | €197,500 | €197,500 | €104,814 | €10,907 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €153,900 | €226,469 | €259,340 | €197,371 | €136,888 | ▼ 30.6% |
| Stocks30/36 | €153,900 | €226,469 | €259,340 | €197,371 | €136,888 | ▼ 30.6% |
| Amounts receivable within one year40/41 | €249,428 | €575,141 | €404,203 | €455,681 | €469,719 | ▲ 3.1% |
| Trade receivables40 | €226,951 | €293,570 | €273,656 | €210,282 | €258,670 | ▲ 23.0% |
| Other amounts receivable41 | €22,477 | €281,571 | €130,547 | €245,399 | €211,049 | ▼ 14.0% |
| Cash at bank and in hand54/58 | €67,326 | €133,364 | €42,360 | €45,124 | €6,542 | ▼ 85.5% |
| Deferred charges and accrued income490/1 | - | - | €6,553 | €4,053 | €4,768 | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €847,564 | €1.2m | €1.0m | €925,999 | €766,126 | ▼ 17.3% |
| Equity10/15 | €553,520 | €569,959 | €615,763 | €595,364 | €307,444 | ▼ 48.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €534,928 | €551,367 | €597,171 | €576,772 | €288,852 | ▼ 49.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Tax-exempt reserves132 | €18,750 | €150,941 | €145,071 | €124,194 | €18,750 | ▼ 84.9% |
| Distributable reserves133 | €514,319 | €398,567 | €450,241 | €450,719 | €270,102 | ▼ 40.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €38,186 | €85,404 | €77,087 | €63,767 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €38,186 | €41,340 | €34,980 | €28,619 | €0 | ▼ 100% |
| Environmental obligations163 | - | - | - | - | €0 | - |
| Other liabilities and charges164/5 | €38,186 | €41,340 | €34,980 | €28,619 | - | - |
| Deferred taxes168 | - | €44,064 | €42,107 | €35,148 | €0 | ▼ 100% |
| Amounts payable17/49 | €255,858 | €587,067 | €344,962 | €266,867 | €458,681 | ▲ 71.9% |
| Amounts payable after more than one year17 | €4,738 | - | €30,407 | €46,001 | €15,503 | ▼ 66.3% |
| Financial debts170/4 | €4,738 | - | €30,407 | €46,001 | €15,503 | ▼ 66.3% |
| Amounts payable within one year42/48 | €247,888 | €583,653 | €311,976 | €220,867 | €442,052 | ▲ 100% |
| Current portion of amounts payable after more than one year42 | €5,234 | - | €6,425 | €13,424 | €7,608 | ▼ 43.3% |
| Financial debts43 | €96,395 | €94,552 | €34,517 | €10,155 | €92,375 | ▲ 810% |
| Credit institutions430/8 | €96,395 | €94,552 | €34,517 | €10,155 | €92,375 | ▲ 810% |
| Trade debts44 | €52,161 | €93,519 | €96,305 | €92,012 | €116,416 | ▲ 26.5% |
| Suppliers440/4 | €52,161 | €93,519 | €96,305 | €92,012 | €116,416 | ▲ 26.5% |
| Advances received on contracts in progress46 | €17,500 | €30,000 | €0 | €15,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €51,598 | €78,609 | €72,886 | €90,275 | €50,654 | ▼ 43.9% |
| Taxes450/3 | €1,402 | €25,099 | €7,732 | €7,669 | €3,865 | ▼ 49.6% |
| Remuneration and social security454/9 | €50,196 | €53,510 | €65,154 | €82,606 | €46,789 | ▼ 43.4% |
| Other amounts payable47/48 | €25,000 | €286,974 | €101,842 | €0 | €175,000 | - |
| Accrued charges and deferred income492/3 | €3,233 | €3,414 | €2,579 | €0 | €1,126 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,254 | €301,439 | €145,803 | -€20,398 | -€112,920 | ▼ 454% |
| + Depreciation and write-downs630 | €29,670 | €13,852 | €21,439 | €45,891 | €36,891 | ▼ 19.6% |
| Operating cash flow (approximation) | €109,925 | €315,291 | €167,242 | €25,493 | -€76,029 | ▼ 398% |
| Investment in fixed assets (approximation) | - | €55,602 | -€132,024 | -€38,212 | €27,763 | ▲ 173% |
| Change in cash | - | €66,038 | -€91,004 | €2,764 | -€38,583 | ▼ 1,496% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€112,920
Net result drops to -€112,920, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €301,439 ▲276%
Operating result €436,493, net result €301,439, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €553,520 ▲11.1%
4 profitable years in a row build equity to €553,520.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hooglede · 1 establishment unit since 1987
Ground area
546 m²
Building footprint
193 m²
Volume, LiDAR
714 m³
Parcel 36006B0931/00V000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BVBA DIRK COENE
since 19872.029.592.861
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006B0931/00V000 | Flanders | 546 m² | 1 · 193 m² | 7.9 m · 1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- BSD INVEST
- IECH
Highest known parent: BSD INVEST. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of IECH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,164 EUR awarded · 2,048 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 798 EUR | 681 EUR |
| 2023 | 1 | 378 EUR | 635 EUR |
| 2022 | 1 | 988 EUR | 732 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,532 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
Founded22-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431477873
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.