IHC.net
ActiveSummary
IHC.net has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€65,644) and a net result of €15,195. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+57
Solvency9▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.37 in 2023; short-term debt: 98.9% and cash: 1.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-16%
Return on assets
3.7%
Age of the figures
21 mo
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
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
31 d early
2023
8 d early
2022
22 d late
2021
23 d late
2020
24 d late
2019
52 d late
← 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 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
-€65,644▲ 18.8%
2023 · -€80,839
Total assets
€409,197▼ 37.0%
2023 · €649,523
Net result
€15,195
2023 · -€14,118
Working capital
-€398,578▲ 4.6%
2023 · -€417,650
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Operating result-€4,835▲ 14.7%€15,253-€5,691-€10,401▼ 82.8%€16,893
Net result-€5,094within the sector's middle half▲ 13.1%€14,993within the sector's middle half-€7,518within the sector's middle half-€14,118below the sector's middle half▼ 87.8%€15,195within the sector's middle half
Equity-€74,196below the sector's middle half▼ 7.4%-€59,203below the sector's middle half▲ 20.2%-€66,721below the sector's middle half▼ 12.7%-€80,839below the sector's middle half▼ 21.2%-€65,644below the sector's middle half▲ 18.8%
Total assets€137,100below the sector's middle half▲ 56.3%€149,797below the sector's middle half▲ 9.3%€343,485within the sector's middle half▲ 129%€649,523within the sector's middle half▲ 89.1%€409,197within the sector's middle half▼ 37.0%
Debt€211,296▲ 34.7%€209,000▼ 1.1%€410,206▲ 96.3%€730,362▲ 78.0%€474,841▼ 35.0%
Working capital-€9,651within the sector's middle half▼ 92.6%€5,797within the sector's middle half-€1,721within the sector's middle half-€417,650below the sector's middle half▼ 24,168%-€398,578below the sector's middle half▲ 4.6%
Solvency-54.1%below the sector's middle half▲ 24.7pp-39.5%below the sector's middle half▲ 14.6pp-19.4%below the sector's middle half▲ 20.1pp-12.4%below the sector's middle half▲ 7.0pp-16.0%below the sector's middle half▼ 3.6pp
Current ratio0.93within the sector's middle half▼ 0.011.04within the sector's middle half▲ 0.110.99within the sector's middle half▼ 0.050.37below the sector's middle half▼ 0.630.02below the sector's middle half▼ 0.35
Return on assets (ROA)-3.7%below the sector's middle half▲ 3.0pp10.0%above the sector's middle half▲ 13.7pp-2.2%below the sector's middle half▼ 12.2pp-2.2%within the sector's middle half=3.7%within the sector's middle half▲ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
The operating result returns to profit in 2024: €16,893 after a loss of €10,401 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €409,197
Fixed assets
€402,934 ▼ 1.0%
Current assets
€6,263 ▼ 97.4%
Key figures and ratios
EBITDA
€31,918▲
2023 · -€3,415
Cash flow
€30,220▲
2023 · -€7,132
Debt to equity
-7.23▲
2023 · -9.03
Interest coverage
18.80▲
2023 · -0.91
Debt ≤ 1 year
€404,841▼
2023 · €660,362
Debt > 1 year
€70,000=
2023 · €70,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,379 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €455 | €455 | - | €6,986 | €15,025 | ▲ 115% |
| Other operating charges640/8 | - | €156 | - | €2,246 | €4,471 | ▲ 99.1% |
| Gross operating margin9900 | -€4,038 | €15,864 | -€5,691 | -€1,169 | €36,389 | ▲ 3,213% |
| Operating profit (loss)9901 | -€4,835 | €15,253 | -€5,691 | -€10,401 | €16,893 | ▲ 262% |
| Financial income75/76B | - | €1 | - | €18 | - | - |
| Recurring financial income75 | - | €1 | - | €18 | - | - |
| Financial charges65/66B | - | €261 | €1,827 | €3,735 | €1,698 | ▼ 54.5% |
| Recurring financial charges65 | €259 | €261 | €1,827 | €3,735 | €1,698 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | -€5,094 | €14,993 | -€7,518 | -€14,118 | €15,195 | ▲ 208% |
| Profit (loss) for the period9904 | -€5,094 | €14,993 | -€7,518 | -€14,118 | €15,195 | ▲ 208% |
| Profit (loss) for the period to be appropriated9905 | -€5,094 | €14,993 | -€7,518 | -€14,118 | €15,195 | ▲ 208% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,100 | €149,797 | €343,485 | €649,523 | €409,197 | ▼ 37.0% |
| Fixed assets21/28 | €5,455 | €5,000 | €5,000 | €406,811 | €402,934 | ▼ 1.0% |
| Tangible fixed assets22/27 | €455 | - | - | €401,811 | €397,934 | ▼ 1.0% |
| Land and buildings22 | - | - | - | €400,479 | €396,351 | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | - | €1,332 | €1,031 | ▼ 22.6% |
| Furniture and vehicles24 | - | - | - | - | €552 | - |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €131,645 | €144,797 | €338,485 | €242,712 | €6,263 | ▼ 97.4% |
| Stocks and contracts in progress3 | €128,767 | - | €215,079 | €238,008 | - | - |
| Stocks30/36 | - | - | €215,079 | €238,008 | - | - |
| Amounts receivable within one year40/41 | - | €4,750 | - | - | - | - |
| Trade receivables40 | - | €4,750 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,570 | €140,047 | €123,406 | €4,704 | €6,263 | ▲ 33.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,100 | €149,797 | €343,485 | €649,523 | €409,197 | ▼ 37.0% |
| Equity10/15 | -€74,196 | -€59,203 | -€66,721 | -€80,839 | -€65,644 | ▲ 18.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€92,796 | -€77,803 | -€85,321 | -€99,439 | -€84,244 | ▲ 15.3% |
| Amounts payable17/49 | €211,296 | €209,000 | €410,206 | €730,362 | €474,841 | ▼ 35.0% |
| Amounts payable after more than one year17 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Other amounts payable178/9 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Amounts payable within one year42/48 | €141,296 | €139,000 | €340,206 | €660,362 | €404,841 | ▼ 38.7% |
| Financial debts43 | - | - | €75,000 | €75,000 | - | - |
| Credit institutions430/8 | - | - | €75,000 | €75,000 | - | - |
| Trade debts44 | €2,213 | - | €1,326 | €816 | €1,102 | ▲ 35.0% |
| Suppliers440/4 | - | - | €1,326 | €816 | €1,102 | ▲ 35.0% |
| Taxes, remuneration and social security45 | - | - | - | €116 | - | - |
| Taxes450/3 | - | - | - | €116 | - | - |
| Other amounts payable47/48 | - | €139,000 | €263,880 | €584,430 | €403,739 | ▼ 30.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,094 | €14,993 | -€7,518 | -€14,118 | €15,195 | ▲ 208% |
| + Depreciation and write-downs630 | €455 | €455 | - | €6,986 | €15,025 | ▲ 115% |
| Operating cash flow (approximation) | -€4,639 | €15,448 | -€7,518 | -€7,132 | €30,220 | ▲ 524% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€408,797 | -€11,148 | ▲ 97.3% |
| Change in cash | - | €137,477 | -€16,641 | -€118,702 | €1,559 | ▲ 101% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,195
Net result €15,195 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€14,118
Net result drops to -€14,118, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €14,993
Net result €14,993 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lasne · 1 establishment unit since 2013
Ground area
4,983 m²
Building footprint
298 m²
Volume, LiDAR
627 m³
2 parcels, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IDEAL HOME CONSTRUCT
since 20132.221.135.296
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051G0155/00R003 | Wallonia | 4,354 m² | 1 · 191 m² | - |
| 25056A0533/00B005 | Wallonia | 628 m² | 1 · 107 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537449878
Also
9925:BE0537449878
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.