Equity
IHAB CONSTRUCT has made a profit in every financial year since 2021.
IHAB CONSTRUCT has made a profit in every financial year since 2021.
Turnover rose in 2025 from €178,544 to €296,173.
Customers pay 51 days later.
The 2023 accounts came latest: 29 days after the end of the period.
Higher net result than 80% of companies in specialised construction. Sector median €10,189 · 35,107 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 29% of them on solvency, 20% on liquidity, 81% on profitability and 65% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as IHAB CONSTRUCT has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IHAB CONSTRUCT itself: 1.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for IHAB CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.3 (1.49 in 2024), below the usual 1.5. Short-term debt is 72.4% and cash 16.4% of total assets. 72.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| IHAB CONSTRUCT Ganshoren | €114,441 | €84,927 | 27.6% | - |
| BIRS CONSTRUCT Molenbeek-Saint-Jean | €111,754 | €91,649 | 65.8% | - |
| BUILDING SPIRIT Evere | €110,578 | €90,120 | 1.0% | - |
| Renomat Construct Anderlecht | €116,861 | €85,621 | 39.5% | - |
| PARLONS Uccle | €126,351 | €69,042 | 47.9% | - |
| RENODEV Vilvoorde | €112,404 | €81,767 | 37.2% | - |
| INTERVAS CONSTRUCT Ghent | €110,386 | €81,116 | 64.7% | - |
These companies have the same main activity as IHAB CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €110,000 and €126,000, founded between 2019 and 2021.
IHAB CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €33,448 in 2021 to €84,927 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 29% of 35,119 companies in 2025.
Higher than 33% of 34,493 companies in 2025.
Higher than 89% of 34,694 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
114,441 | 67,317 | 87,994 | 53,451 | 54,699 | |
21/28 |
6,576 | 13,098 | 18,100 | 15,840 | 23,832 | |
22/27 |
6,576 | 13,098 | 18,100 | 15,840 | 23,832 | |
24 |
6,576 | 13,098 | 18,100 | 15,840 | 23,832 | |
29/58 |
107,864 | 54,219 | 69,894 | 37,611 | 30,866 | |
40/41 |
87,645 | 40,707 | 26,171 | 9,939 | 10,633 | |
40 |
64,643 | 14,036 | 11,774 | 3,060 | 2,066 | |
41 |
23,002 | 26,671 | 14,397 | 6,879 | 8,567 | |
54/58 |
18,820 | 13,512 | 43,723 | 27,671 | 19,250 | |
490/1 |
1,400 | - | - | - | 984 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
114,441 | 67,317 | 87,994 | 53,451 | 54,699 | |
10/15 |
31,542 | 30,902 | 29,546 | 25,889 | 13,850 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
11 |
- | - | - | - | 2,000 | |
1100/10 |
- | - | - | - | 2,000 | |
13 |
29,542 | 28,902 | 27,546 | 23,889 | 11,850 | |
133 |
29,542 | 28,902 | 27,546 | 23,889 | 11,850 | |
17/49 |
82,898 | 36,415 | 58,447 | 27,562 | 40,849 | |
42/48 |
82,898 | 36,415 | 58,447 | 27,562 | 40,849 | |
44 |
- | - | 8,010 | 112 | 26,090 | |
440/4 |
- | - | 8,010 | 112 | 26,090 | |
45 |
45,898 | 26,415 | 20,937 | 7,450 | 3,959 | |
450/3 |
23,648 | 11,863 | 16,122 | 7,450 | 3,959 | |
454/9 |
22,251 | 14,552 | 4,815 | - | - | |
47/48 |
37,000 | 10,000 | 29,500 | 20,000 | 10,800 | |
| Income statement | ||||||
70 |
296,173 | 178,544 | 288,402 | 196,792 | - | |
9900 |
84,927 | 68,565 | 54,789 | 48,611 | 33,448 | |
60/61 |
233,296 | 117,271 | 243,058 | 163,695 | - | |
62 |
25,865 | 41,286 | 4,582 | - | - | |
630 |
6,522 | 6,418 | 5,411 | 7,992 | 5,771 | |
640/8 |
10,387 | 5,605 | 6,862 | 3,461 | 1,032 | |
9901 |
42,153 | 15,257 | 37,934 | 37,157 | 26,644 | |
65/66B |
606 | 1,000 | 984 | 403 | 36 | |
65 |
606 | 1,000 | 984 | 403 | 36 | |
9903 |
41,547 | 14,257 | 36,950 | 36,754 | 26,609 | |
67/77 |
3,907 | 2,901 | 3,793 | 4,716 | 3,959 | |
9904 |
37,640 | 11,356 | 33,158 | 32,039 | 22,650 | |
9905 |
37,640 | 11,356 | 33,158 | 32,039 | 22,650 | |
| Appropriation of the result | ||||||
9906 |
37,640 | 11,356 | 33,158 | 32,039 | 22,650 | |
691/2 |
640 | 1,356 | 3,658 | 12,039 | 11,850 | |
6921 |
640 | 1,356 | 3,658 | 12,039 | 11,850 | |
694/7 |
37,000 | 10,000 | 29,500 | 20,000 | 10,800 | |
695 |
37,000 | 10,000 | 29,500 | 20,000 | 10,800 | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-02-2026.
2025 annual accounts filed 20 days after the deadline. Filed on 20 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00044878.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 20-02-2026 | 2026-00044878 | |
| 30-06-2024 | micro format | 22-02-2025 | 2025-00037865 | |
| 30-06-2023 | micro format | 29-02-2024 | 2024-00036830 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00032736 | |
| 30-06-2021 | micro format | 09-02-2022 | 2022-05400387 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 48,675 | 21,675 | 43,345 | 45,150 | 32,416 | ||
| 44,162 | 17,774 | 38,568 | 40,031 | 28,422 | ||
| 0 | 1,417 | 7,670 | 0 | 29,604 | ||
| 5,308 | -30,212 | 16,052 | 8,421 | - | ||
| 24,966 | 17,804 | 11,447 | 10,049 | -9,982 | ||
| 14.2% | 8.5% | 13.2% | 18.9% | - | ||
| 27.6% | 45.9% | 33.6% | 48.4% | 25.3% | ||
| 1.30 | 1.49 | 1.20 | 1.36 | 0.76 | ||
| 2.63 | 1.18 | 1.98 | 1.06 | 2.95 | ||
| 119.3% | 36.7% | 112.2% | 123.8% | 163.5% | ||
| 32.9% | 16.9% | 37.7% | 59.9% | 41.4% | ||
| 80.30 | 21.67 | 44.06 | over 100 | - | ||
| 80 days | 29 days | 15 days | 6 days | - | ||
| - | - | 12 days | 0 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,417 | €7,670 | - |
| €6,522 | €6,418 | €5,411 | €7,992 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 176% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 54.1% to 72.4%. Equity and debt are higher.
IHAB CONSTRUCT has no parent and no holdings in its annual accounts. LAFTIR Mohamed is the only director. IHAB CONSTRUCT shares no director with another company.
| ANA-MIA
registered office since 10-05-2022 · founded in 2022 |
total assets €172,172 (2025) 0785.883.409 |
| Moraraş, Mihail (sole trader)
establishment since 19-01-2024 |
founded in 2024 1004.941.477 |
| Marcea, Luminiţa-Cerasela (sole trader)
establishment since 20-04-2023 |
founded in 2023 0725.562.770 |
| Vereniging van mede-eigenaars van het gebouw te 1083 Ganshoren, Eugène Toussaintstraat 9
registered office since 26-06-2017 |
founded in 2017 0678.380.584 |
| Horincar, Vasile (sole trader)
establishment since 15-04-2016 |
founded in 2016 0655.675.458 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 July 2020, IHAB CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 LAFTIR Mohamed is director of the company, appointed by deed of 14-07-2020.2 Turnover went from €196,792 in 2022 to €296,173 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Eugène Toussaintstraat 9 registered office 1083 Ganshoren | 10-07-2020 | 2.305.445.322 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21008A0370/00S004 | 1,415 m² | 1 · 188 m² | 15.6 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0750.510.675
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