IHAB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IHAB CONSTRUCT is 3.8% (moderate). The 2025 annual accounts show equity of €32k and a net result of €38k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+12
Solvency53▼-18
Growth79▲+38
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.49 in 2024; short-term debt: 72.4% and cash: 16.4% of total assets), and 72.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
32.9%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-02-2026, 20 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 · 5 filingsDeviation from the deadline
2025
20 d late
2024
22 d late
2023
29 d late
2022
28 d late
2021
9 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€296k▲ 65.9%
2024 · €179k
2022: €197k
2023: €288k▲ +46.6% vs 2022
2024: €179k▼ -38.1% vs 2023lowest in 4 years
2025: €296k▲ +65.9% vs 2024highest in 4 years
2022 → 2025
EBIT margin
14.2%▲ 5.7pp
2024 · 8.5%
2022: 18.9%highest in 4 years
2023: 13.2%▼ -30.3% vs 2022
2024: 8.5%▼ -35.0% vs 2023lowest in 4 years
2025: 14.2%▲ +66.6% vs 2024
2022 → 2025
Net result
€38k▲ 231%
2024 · €11k
2021: €23k
2022: €32k▲ +41.4% vs 2021
2023: €33k▲ +3.5% vs 2022
2024: €11k▼ -65.8% vs 2023lowest in 5 years
2025: €38k▲ +231% vs 2024highest in 5 years
2021 → 2025
Working capital
€25k▲ 40.2%
2024 · €18k
2021: €-10klowest in 5 years
2022: €10k▲ +201% vs 2021
2023: €11k▲ +13.9% vs 2022
2024: €18k▲ +55.5% vs 2023
2025: €25k▲ +40.2% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€197k€288k▲ 46.6%€179k▼ 38.1%€296k▲ 65.9%
2022: €197k
2023: €288k▲ +46.6% vs 2022
2024: €179k▼ -38.1% vs 2023lowest in 4 years
2025: €296k▲ +65.9% vs 2024highest in 4 years
Equity€14k-€26k▲ 86.9%€30k▲ 14.1%€31k▲ 4.6%€32k▲ 2.1%
2021: €14klowest in 5 years
2022: €26k▲ +86.9% vs 2021
2023: €30k▲ +14.1% vs 2022
2024: €31k▲ +4.6% vs 2023
2025: €32k▲ +2.1% vs 2024highest in 5 years
Operating result€27k-€37k▲ 39.5%€38k▲ 2.1%€15k▼ 59.8%€42k▲ 176%
2021: €27k
2022: €37k▲ +39.5% vs 2021
2023: €38k▲ +2.1% vs 2022
2024: €15k▼ -59.8% vs 2023lowest in 5 years
2025: €42k▲ +176% vs 2024highest in 5 years
Net result€23k-€32k▲ 41.4%€33k▲ 3.5%€11k▼ 65.8%€38k▲ 231%
2021: €23k
2022: €32k▲ +41.4% vs 2021
2023: €33k▲ +3.5% vs 2022
2024: €11k▼ -65.8% vs 2023lowest in 5 years
2025: €38k▲ +231% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 176% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€7k ▼ 49.8%
Current assets
€108k ▲ 98.9%
Equity and liabilities €114k
Equity
€32k ▲ 2.1%
Debt
€83k ▲ 128%
Debt's share of the balance-sheet total rises from 54.1% to 72.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €22k
Cash flow
€44k▲
2024 · €18k
Current ratio
1.30▼
2024 · 1.49
Debt to equity
2.63▲
2024 · 1.18
ROE
119.3%▲
2024 · 36.7%
ROA
32.9%▲
2024 · 16.9%
Interest coverage
80.30▲
2024 · 21.67
Debt ≤ 1 year
€83k▲
2024 · €36k
Income taxes
€4k▲
2024 · €3k
Staff costs
€26k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€67k€114k▲
Fixed assets21/28€13k€7k▼
Tangible fixed assets22/27€13k€7k▼
Furniture and vehicles24€13k€7k▼
Current assets29/58€54k€108k▲
Amounts receivable within one year40/41€41k€88k▲
Trade receivables40€14k€65k▲
Other amounts receivable41€27k€23k▼
Cash at bank and in hand54/58€14k€19k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€67k€114k▲
Equity10/15€31k€32k▲
Contributions10/11€2k€2k=
Reserves13€29k€30k▲
Distributable reserves133€29k€30k▲
Amounts payable17/49€36k€83k▲
Amounts payable within one year42/48€36k€83k▲
Taxes, remuneration and social security45€26k€46k▲
Taxes450/3€12k€24k▲
Remuneration and social security454/9€15k€22k▲
Other amounts payable47/48€10k€37k▲
Income statement
Code20242025
Turnover70€179k€296k▲
Goods, raw materials, services and sundry goods60/61€117k€233k▲
Remuneration, social security and pensions62€41k€26k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€6k€10k▲
Gross operating margin9900€69k€85k▲
Operating profit (loss)9901€15k€42k▲
Financial charges65/66B€1k€606▼
Recurring financial charges65€1k€606▼
Profit (loss) for the period before taxes9903€14k€42k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€11k€38k▲
Profit (loss) for the period to be appropriated9905€11k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€38k▲
Transfer to equity691/2€1k€640▼
To other reserves6921€1k€640▼
Profit to be distributed694/7€10k€37k▲
Directors or managers695€10k€37k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €197k | €288k | €179k | €296k | ▲ 65.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €164k | €243k | €117k | €233k | ▲ 98.9% |
| Remuneration, social security and pensions62 | - | - | €5k | €41k | €26k | ▼ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | €5k | €6k | €7k | ▲ 1.6% |
| Other operating charges640/8 | - | €3k | €7k | €6k | €10k | ▲ 85.3% |
| Gross operating margin9900 | €33k | €49k | €55k | €69k | €85k | ▲ 23.9% |
| Operating profit (loss)9901 | €27k | €37k | €38k | €15k | €42k | ▲ 176% |
| Financial charges65/66B | - | €403 | €984 | €1k | €606 | ▼ 39.4% |
| Recurring financial charges65 | €36 | €403 | €984 | €1k | €606 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €27k | €37k | €37k | €14k | €42k | ▲ 191% |
| Income taxes67/77 | €4k | €5k | €4k | €3k | €4k | ▲ 34.7% |
| Profit (loss) for the period9904 | €23k | €32k | €33k | €11k | €38k | ▲ 231% |
| Profit (loss) for the period to be appropriated9905 | €23k | €32k | €33k | €11k | €38k | ▲ 231% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55k | €53k | €88k | €67k | €114k | ▲ 70.0% |
| Fixed assets21/28 | €24k | €16k | €18k | €13k | €7k | ▼ 49.8% |
| Tangible fixed assets22/27 | €24k | €16k | €18k | €13k | €7k | ▼ 49.8% |
| Furniture and vehicles24 | - | €16k | €18k | €13k | €7k | ▼ 49.8% |
| Current assets29/58 | €31k | €38k | €70k | €54k | €108k | ▲ 98.9% |
| Amounts receivable within one year40/41 | €11k | €10k | €26k | €41k | €88k | ▲ 115% |
| Trade receivables40 | - | €3k | €12k | €14k | €65k | ▲ 361% |
| Other amounts receivable41 | - | €7k | €14k | €27k | €23k | ▼ 13.8% |
| Cash at bank and in hand54/58 | €19k | €28k | €44k | €14k | €19k | ▲ 39.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55k | €53k | €88k | €67k | €114k | ▲ 70.0% |
| Equity10/15 | €14k | €26k | €30k | €31k | €32k | ▲ 2.1% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Reserves13 | €12k | €24k | €28k | €29k | €30k | ▲ 2.2% |
| Distributable reserves133 | - | €24k | €28k | €29k | €30k | ▲ 2.2% |
| Amounts payable17/49 | €41k | €28k | €58k | €36k | €83k | ▲ 128% |
| Amounts payable within one year42/48 | €41k | €28k | €58k | €36k | €83k | ▲ 128% |
| Trade debts44 | €26k | €112 | €8k | - | - | - |
| Suppliers440/4 | - | €112 | €8k | - | - | - |
| Taxes, remuneration and social security45 | - | €7k | €21k | €26k | €46k | ▲ 73.8% |
| Taxes450/3 | - | €7k | €16k | €12k | €24k | ▲ 99.3% |
| Remuneration and social security454/9 | - | - | €5k | €15k | €22k | ▲ 52.9% |
| Other amounts payable47/48 | - | €20k | €30k | €10k | €37k | ▲ 270% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €32k | €33k | €11k | €38k | ▲ 231% |
| + Depreciation and write-downs630 | €6k | €8k | €5k | €6k | €7k | ▲ 1.6% |
| Operating cash flow (approximation) | €28k | €40k | €39k | €18k | €44k | ▲ 148% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €8k | €16k | €-30k | €5k | ▲ 118% |
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
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
30-06
Financial
Highest result since 2021net €38k ▲231%
Operating result €42k, net result €38k, both a record.
22-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-06
Financial
Weakest financial yearnet €11k ▼65.8%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ganshoren · 1 establishment unit since 2020
Ground area
1,415 m²
Building footprint
188 m²
Volume, LiDAR
2,395 m³
Parcel 21008A0370/00S004, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
IHAB CONSTRUCT
since 20202.305.445.322
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0370/00S004 | Brussels | 1,415 m² | 1 · 188 m² | 15.6 m · 4 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.
Similar companies · same sector, comparable size
IB CONSTRUCT
BE 0742.695.445
Gent · Eq €31,550
Do&R CONSTRUCT
BE 0643.951.821
Overijse · Eq €31,515
SIV BAT
BE 0707.774.257
Anderlecht · Eq €31,504
Techno H.D.
BE 0698.696.146
Tubize · Eq €31,589
PROGROUP DEMOLITION
BE 0793.898.280
Vilvoorde · Eq €31,600
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,719 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
Founded10-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.