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Complete company report
Generated 12-08-2026
Active BE 0701.735.909Private limited companyOpen bankruptcy

IGL CONSTRUCT

· 7 yrs active
Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)
Conclusion Checked

A bankruptcy procedure is open for IGL CONSTRUCT according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €14k and a net result of €179k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €14k
Net result €179k
Active 7 yrs
Locations 1
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health10Profitability100Solvency24Growth-Stability0
34 / 100

Fragile profile, watch stability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 24
Growth -
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
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.
Health barometer FY 2020 · computed
10 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 16-02-2021 with the NBB · fiscal year 2020 · micro
Fiscal year2020
Depositmicro
Revenue-
EBITDA€197k
Net profit€179k
Cash flow€180k
Staff costs-
Income taxes€2k
Dividends-
Total assets€255k
Equity€14k
Debt€242k
of which ≤ 1y€242k
of which > 1y-
Working capital€11k
Employees (FTE)-
Ratios (computed)
2020
Current ratio1.04
Quick ratio1.04
Working capital ratio4.3%
Solvency5.3%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA70.2%
ROE1318.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€255k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€252k
Amounts receivable within one year 40/41€250k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€255k
Equity 10/15€14k
Contributions / capital 10/11€7k
Reserves 13€2k
Accumulated profits (losses) 14€5k
Amounts payable 17/49€242k
Amounts payable within one year 42/48€242k
Trade debts payable within one year 44€67k
Income statement
Gross operating margin 9900€200k
Operating result 9901€195k
Financial income 75€3k
Financial charges 65€16k
Result before taxes 9903€182k
Income taxes 67/77€2k
Net result for the period 9904€179k
Result to be appropriated 9905€179k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator DIRK LEROUX
KORTRIJKSESTEENWEG 964, 9000 GENT-
 16-05-2023 → present Belgian State Gazette
Legal Structure
NACE primary Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form Private limited company(610)
Incorporation24-08-2018
StatusActive
Postal code-
First BS signal 24-05-2023
Latest BS signal 24-05-2023
Establishment units 1 location
IGL CONSTRUCT
François Couteauxstraat 46, 1090 JetteZagen en schaven van hout
since 20182.281.936.480
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21463D0274/00F027 Brussels 847 m² 1 · 228 m² 13.1 m · 4 fl.
44808H0052/00R006 Flanders 214 m² 1 · 202 m² 11.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
24-05-2023
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · IGL CONSTRUCT BV ZWIJN- AARDSESTEENWEG 44, 9000 GENT · event 16-05-2023
2022
19-01-2022
State Gazette act Capital & shares
David INDEKEU
2021
16-02-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Lifecycle & Insolvency Signals 1 events
24-05-2023
Bankruptcy Opening
Date: 16-05-2023 · Ondernemingsrechtbank Gent, afdeling Gent · IGL CONSTRUCT BV ZWIJN- AARDSESTEENWEG 44, 9000 GENT · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-05-24 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
19-01-2022
Capital change
All acts · 1 updated 4 years ago
2022
19-01-2022 Capital decrease of €12,400 to €0 Capital & shares·David INDEKEU
  • €12.400 → €0
Notary: David INDEKEU · Brussel
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "statutory_reserve_release",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": "reserves_incorporation",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": "create"
    },
    {
      "kind": "capital_decrease",
      "after_eur": 0.0,
      "delta_eur": -12400.0,
      "before_eur": 12400.0,
      "decrease_purpose": "loss_absorption",
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": 12400.0,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": "convert_to_distributable"
    }
  ],
  "notary": {
    "name": "David INDEKEU",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-01-19",
    "filing_date": "2021-12-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2021-12-21",
    "unanimous": true,
    "under_authorized_capital": true,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0701.735.909",
    "name_full": "IGL CONSTRUCT",
    "legal_form": "besloten vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expedition",
    "5 volmachten",
    "geco\u00F6rdinerde tekst van de statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290
Primary activity highlighted.
Names & trade names
Legal nameFR IGL CONSTRUCT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative