ILARTU CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ILARTU CONSTRUCT is 4.4% (elevated). The 2025 annual accounts show equity of €13,961 and a net result of €12,961. Its solvency ranks better than 29% of 2,787 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €13,961
- Profit
- €12,961
Why 38raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €68,779Liquidity: current ratio 0.66, cash €1,210Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 27% on solvency, 8% on liquidity and 77% on profitability.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointment: IONASCU Ilie (director) ·…
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,743 |
| Other operating charges640/8 | €3,305 |
| Gross operating margin9900 | €26,017 |
| Operating profit (loss)9901 | €16,969 |
| Financial charges65/66B | €44 |
| Recurring financial charges65 | €44 |
| Profit (loss) for the period before taxes9903 | €16,925 |
| Income taxes67/77 | €3,964 |
| Profit (loss) for the period9904 | €12,961 |
| Profit (loss) for the period to be appropriated9905 | €12,961 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €68,779 | |
| Fixed assets21/28 | €32,460 | |
| Tangible fixed assets22/27 | €32,460 | |
| Furniture and vehicles24 | €32,460 | |
| Current assets29/58 | €36,319 | |
| Amounts receivable within one year40/41 | €35,109 | |
| Trade receivables40 | €32,993 | |
| Other amounts receivable41 | €2,116 | |
| Cash at bank and in hand54/58 | €1,210 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €68,779 | |
| Equity10/15 | €13,961 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €12,961 | |
| Amounts payable17/49 | €54,818 | |
| Amounts payable within one year42/48 | €54,818 | |
| Trade debts44 | €48,171 | |
| Suppliers440/4 | €8,993 | |
| Bills of exchange payable441 | €39,179 | |
| Taxes, remuneration and social security45 | €6,647 | |
| Taxes450/3 | €3,964 | |
| Remuneration and social security454/9 | €2,683 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €12,961 |
| + Depreciation and write-downs630 | €5,743 |
| Operating cash flow (approximation) | €18,704 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 16-03-2026 | 2026-00057559 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| IONASCU Ilie |
|
Owners and capital
Capital and shareholders
- IONASCU Ilie 100 shares (100%) · €1,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-08-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-08
Gazette deed
IncorporationAppointment: IONASCU Ilie (director) · Founder · Founding capital8 facts ▸
- Incorporation, “ILARTU CONSTRUCT” (deed in Dutch)
- Founder, IONASCU Ilie
- Founding capital, €1,000
- Bank account, 1000, “deposito stortingen inbrengen” (deed in Dutch)
- Registered office clause, “1861 Meise,Beekstraat,6” (deed in Dutch)
- Board rule, 1
- Director appointment, IONASCU Ilie (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 1012.178.073
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23093C0200/00D000 | Flanders | 2,289 m² | 1 · 265 m² | 10.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ILARTU CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of in het…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen” (deed in Dutch)“Al dan niet ten kosteloze titel, algemene kosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft voor rekening overdrager en voor helft voor rekening koper(s),naar rato aantal verkregen aandelen indien meerdere, alle…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of March at 19:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding op elk moment door algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)