Industrial Engineering Construction projects
ActiveSummary
Industrial Engineering Construction projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €64k. Equity is shrinking by ~160.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency26▼-52
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.2%
Return on assets
55.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9460 sector peers (2025).
NBB · sector comparisonPosition among 9460 sector peers
Solvency
better than 10%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 97.2%
2024 · €48k
2023: €157k
2024: €48k
2023 → 2025
Total assets
€116k▲ 27.9%
2024 · €91k
2023: €184k
2024: €91k
2023 → 2025
Net result
€64k▲ 3.9%
2024 · €62k
2023: €49k
2024: €62k
2023 → 2025
Working capital
€-21k
2024 · €42k
2023: €150k
2024: €42k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€157k-€48k▼ 69.2%€1k▼ 97.2%
Operating result€65k-€87k▲ 33.7%€87k▼ 0.2%
Net result€49k-€62k▲ 25.4%€64k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€30k ▲ 361%
Current assets
€86k ▲ 2.2%
Equity and liabilities €116k
Equity
€1k ▼ 97.2%
Debt
€114k ▲ 171%
Debt's share of the balance-sheet total rises from 46.7% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €91k
Cash flow
€71k▲
2024 · €66k
Current ratio
0.80▼
2024 · 1.99
Debt to equity
84.45▲
2024 · 0.88
ROA
55.4%▼
2024 · 68.2%
Interest coverage
17.08▲
2024 · 16.20
Debt ≤ 1 year
€107k▲
2024 · €42k
Debt > 1 year
€7k
Income taxes
€18k▼
2024 · €23k
A ratio outside any meaningful range has been withheld (balance sheet total €116k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€91k€116k▲
Fixed assets21/28€7k€30k▲
Tangible fixed assets22/27€7k€30k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€3k€27k▲
Current assets29/58€84k€86k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€19k€21k▲
Trade receivables40€19k€21k▲
Other amounts receivable41€280€0▼
Cash at bank and in hand54/58€62k€65k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€91k€116k▲
Equity10/15€48k€1k▼
Contributions10/11€1k€1k=
Reserves13€47k€356▼
Distributable reserves133€47k€356▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€42k€114k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€42k€107k▲
Current portion of amounts payable after more than one year42€0€10k▲
Trade debts44€733€625▼
Suppliers440/4€733€625▼
Taxes, remuneration and social security45€39k€24k▼
Taxes450/3€39k€24k▼
Other amounts payable47/48€3k€72k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€93k€95k▲
Operating profit (loss)9901€87k€87k▼
Financial income75/76B€3k€353▼
Recurring financial income75€3k€353▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€85k€82k▼
Income taxes67/77€23k€18k▼
Profit (loss) for the period9904€62k€64k▲
Profit (loss) for the period to be appropriated9905€62k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€64k▼
Profit (loss) brought forward from the previous period14P€42k€0▼
Transfer from equity791/2€113k€47k▼
Transfer to equity691/2€47k€83▼
To other reserves6921€47k€83▼
Profit to be distributed694/7€170k€111k▼
Return on contributions (dividend)694€170k€111k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €64k ▲3.9%
Net result €64k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wuustwezel · 1 establishment unit since 2019
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.
Oude Baan 292990 WuustwezelGround area
596 m²
Building footprint
128 m²
Parcel 11682G0459/00L013, Flanders. Linked by address, not a title deed.
1 establishment unit
IEC Projects
since 20192.291.666.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0459/00L013 | Flanders | 596 m² | 1 · 128 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,265 EUR awarded · 1,042 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 920 EUR | 697 EUR |
| 2022 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 691 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2019
Fiscal year end31-12
Abbreviation NL
IEC projects
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.