IHNAT CONSTRUCT
ActiveIHNAT CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €10k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▲+20
Solvency57▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.21 in 2023; short-term debt: 68% and cash: 2.1% of total assets), and 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← 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
32%
Return on assets
9.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
50 d early
2022
78 d late
2021
45 d late
2020
19 d late
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€153k
EBIT margin
0.9%
Net result
€10k▲ 354%
2023 · €2k
2018: €3k
2019: €9k
2020: €3k
2021: €-185
2022: €3k
2023: €2k
2018 → 2024
Working capital
€31k▲ 45.1%
2023 · €21k
2018: €2k
2019: €12k
2020: €16k
2021: €16k
2022: €19k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€153k
Equity€16k-€16k▼ 1.1%€19k▲ 19.8%€21k▲ 11.0%€31k▲ 45.0%
Operating result€5k-€1k▼ 75.0%€8k▲ 466%€4k▼ 42.9%€13k▲ 212%
Net result€3k-€-185€3k€2k▼ 33.3%€10k▲ 354%
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 2024; 2024 is 212% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€50=
Current assets
€97k▼ 19.9%
Equity and liabilities €97k
Equity
€31k▲ 45.0%
Debt
€66k▼ 33.9%
The debt ratio falls from 82.3% to 68.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
32.0%▲
2023 · 17.7%
Current ratio
1.47▲
2023 · 1.21
Quick ratio
1.47▲
2023 · 1.21
Debt / equity
2.12▼
2023 · 4.65
ROE
31.0%▲
2023 · 9.9%
ROA
9.9%▲
2023 · 1.8%
Debt
€66k▼
2023 · €100k
Debt ≤ 1 year
€66k▼
2023 · €100k
Income taxes
€3k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€121k€97k▼
Fixed assets21/28€50€50=
Financial fixed assets28€50€50=
Current assets29/58€121k€97k▼
Amounts receivable within one year40/41€117k€95k▼
Trade receivables40€109k€79k▼
Other amounts receivable41€8k€15k▲
Cash at bank and in hand54/58-€2k
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€121k€97k▼
Equity10/15€21k€31k▲
Contributions10/11€1€1=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€18k€28k▲
Amounts payable17/49€100k€66k▼
Amounts payable within one year42/48€100k€66k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€91k€59k▼
Suppliers440/4€91k€59k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Income statement
Code20232024
Other operating charges640/8€2k€1k▼
Gross operating margin9900€6k€15k▲
Operating profit (loss)9901€4k€13k▲
Financial income75/76B€78€176▲
Recurring financial income75€78€176▲
Financial charges65/66B€410€554▲
Recurring financial charges65€410€554▲
Profit (loss) for the period before taxes9903€4k€13k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€28k▲
Profit (loss) brought forward from the previous period14P€16k€18k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €10k ▲354%
Operating result €13k, net result €10k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.29
Current ratio from 1.72 to 5.29; short-term debt falls from €22k to €4k.
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Weakest financial yearnet €-185 ▼106%
Net result drops to €-185, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Linkebeek · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alsembergsesteenweg 341630 LinkebeekGround area
1,240 m²
Building footprint
641 m²
Volume, LiDAR
5,184 m³
2 parcels, Brussels, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IHNAT CONSTRUCT
since 20162.257.162.977
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0047/00X008 | Flanders | 1,134 m² | 1 · 561 m² | 11.6 m · 3 fl. |
| 21012A0181/00G008 | Brussels | 106 m² | 1 · 80 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500D3ED40FF8K0A35
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BOUWWERKEN HERWYN
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,708 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2016
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.