Turnover
≈ €350,000 estimated
The accounts state no turnover.
Ince Construct
Lifetime
5 annual accounts with figures on one time axispeak €124,674 (2024)
€106,902▼ 14.3%
lowest -€7,746 (2023)
€26,375▼ 60.3%
peak €200,136 (2025)
€200,136▲ 15.2%
€156,844▲ 305%
Board2 names since 2019
1 directorINCE Muhammed
Documentsfilings and deeds
30-01-202691 days late
2025micro format
Gross margin from €124,674 to €106,902Result from €66,359 to €26,375Equity from €173,761 to €200,136Debts from €38,742 to €156,844Cash from €36,892 to €56,817
Key points
from the 2025 annual accountsDebts
€156,844 ▲ 305%
Debts rose by €118,102 in 2025.
Liquidity
2.06 was 4.58 in 2024
Short-term debts rose from €38,742 to €156,844.
Filings
5 annual accounts 11 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Starting capital
€10,000 600 shares
Position in the sector
€200,136
More equity than 84% of companies in specialised construction. Sector median €57,716 · 35,168 companies.
Checked score
56
Fair
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.4%
01-2025: 7.0%▲ +2.6 percentage points vs 12-2024
02-2025: 7.2%▲ +0.2 percentage points vs 01-2025
03-2025: 7.5%▲ +0.3 percentage points vs 02-2025
04-2025: 9.4%▲ +1.9 percentage points vs 03-2025
05-2025: 9.4%● unchanged vs 04-2025
06-2025: 9.6%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 8.9%▼ -0.7 percentage points vs 06-2025
08-2025: 8.9%● unchanged vs 07-2025
09-2025: 8.8%▼ -0.1 percentage points vs 08-2025
10-2025: 5.1%▼ -3.7 percentage points vs 09-2025
11-2025: 7.4%▲ +2.3 percentage points vs 10-2025
12-2025: 7.4%● unchanged vs 11-2025
01-2026: 5.2%▼ -2.2 percentage points vs 12-2025
02-2026: 1.4%▼ -3.8 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.3%▼ -0.1 percentage points vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▼ -0.1 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026lowest value
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.7%▲ +0.4 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 91 days late; 2 of the last 3 accounts late
Figures for financial year 2025 (filed on 31-01-2026)
Founded in 2019
lowers risk
Liquidity: current ratio 2.06, cash €56,817
Calculation
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 61% of them on solvency, 40% on liquidity, 55% on profitability and 62% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Ince Construct has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ince Construct itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,448 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 26,972 companies, not a prediction for Ince 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.
Credit verdict
Credit of up to €11,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 2.06 (4.58 in 2024), above the usual 1.5. Short-term debt is 43.9% and cash 15.9% of total assets. 43.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-01-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2026
not filed
2025
91 days late
2024
410 days late
2023
on the day
2022
2 days late
2021
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 106 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.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0727798225
Registered office moved within Hamme
New registered office: Moerheide 196, 9220 Hamme · Previous registered office: Plezantstraat 8, 9220 Hamme · General meeting of 20-09-2023 · Gazette deed
Resignation: Van Zeebroeck Ender (director)
Director discharge: Van Zeebroeck Ender · General meeting of 02-12-2020 · Gazette deed
Appointment: Van Zeebroeck Ender (director)
General meeting of 30-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ince Construct Hamme (Vl.) | €356,981 | €106,902 | 56.1% | - |
| WVH Grondwerken Hamme (Vl.) | €378,861 | €98,454 | 18.3% | - |
| BM-Grondwerken bvba Assenede | €329,864 | €111,408 | 30.3% | - |
| Business for Business Services Sint-Lievens-Houtem | €320,386 | €126,839 | 44.0% | 0.9 |
| MOORS DRIES Lummen | €332,766 | €113,260 | 23.6% | - |
| Grondwerken Jo Claes Balen | €352,746 | €94,163 | 34.6% | - |
| LC TERRASSEMENT Péruwelz | €324,069 | €117,799 | 41.3% | - |
These companies have the same main activity as Ince Construct: site preparation (NACE 43120). They are comparable in size and age: total assets between €320,000 and €379,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 05-06-2019Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.289.947.5919220 Hamme (Vl.), since 05-06-2019
- Financial year end
- 31 March
- Peppol
- Reachable since 15-10-2025
Insights on Ince Construct
Ince Construct files the micro format. That format states no turnover. The gross margin fell from €124,522 in 2021 to €106,902 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ince Construct
- What is the company number of Ince Construct?
- The company number of Ince Construct is 0727.798.225. The VAT number is the same number with BE in front: BE 0727.798.225.
- Where is Ince Construct based?
- The registered office is at Moerheide 196, 9220 Hamme (Vl.).Company details
- What does Ince Construct do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of Ince Construct?
- Ince Construct is a private limited company (BV).
- When was Ince Construct founded?
- Ince Construct was founded on 05-06-2019.
- Is Ince Construct still active?
- Yes, Ince Construct is an active enterprise in the KBO register.
- What is the turnover of Ince Construct?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €106,902 and 232 comparable companies (NACE 43). It probably lies between €270,000 and €490,000.Financials
- Is Ince Construct profitable?
- In financial year 2025, Ince Construct made a profit of €26,375.
- Where can I find the annual accounts of Ince Construct?
- Ince Construct filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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