Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of INTEGRAL CONSTRUCTION is 4.8% (elevated). The 2021 annual accounts show equity of €27k and a net result of €7k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 3664 sector peers (fiscal year 2021). The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone4.8%
Elevated
0%0,5%1,5%4%10%≥25%
Recent warning signals
+Annual accounts: weaker financial profile
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 event03-04-2026
KBO administration
Late accounts filing
Signals
Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-03-2022 was due at the National Bank by 31-10-2022. Nothing is on record today, 1399 days later. 4 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 02-11-2021, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2021, that is 31-10-2021.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-03-2025 | 31-10-2025 | nothing on record | not filed | - |
| 31-03-2024 | 31-10-2024 | nothing on record | not filed | - |
| 31-03-2023 | 31-10-2023 | nothing on record | not filed | - |
| 31-03-2022 | 31-10-2022 | nothing on record | not filed | - |
| 31-03-2021 | 31-10-2021 | 02-11-2021 | 2 d late | 2021-76200391 |
| 31-03-2020 | 31-10-2020 | 16-11-2020 | 16 d late | 2020-70800584 |
| 31-03-2019 | 31-10-2019 | 30-12-2019 | 60 d late | 2019-77700594 |
| 31-03-2018 | 31-10-2018 | 26-09-2018 | 35 d early | 2018-66500007 |
| 31-03-2017 | 31-10-2017 | 27-09-2017 | 34 d early | 2017-64500525 |
| 31-03-2016 | 31-10-2016 | 12-09-2016 | 49 d early | 2016-59600132 |
| 31-03-2015 | 31-10-2015 | 04-09-2015 | 57 d early | 2015-58000327 |
| 31-03-2014 | 31-10-2014 | 26-09-2014 | 35 d early | 2014-61000579 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalNo legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
1 eventLate accounts filing
Financials
Turnover€270k
EBIT margin4.4%
Net result€7k
Working capital€27k+59.1%
Annual accounts & ratios
Source: NBB · 2021Annual accounts filed on 02-11-2021 with the NBB · fiscal year 2021 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~26.2%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2021 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.3% | 36.2% | |
| Net result | €10k | €11k | |
| Equity | €27k | €26k | |
| Gross operating margin | €12k | €31k | |
| Total assets | €96k | €87k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€270k
-
19-21
€7k
-
19-21
€96k
+451.2%
19-21
€27k
+59.1%
19-21
€27k
+59.1%
19-21
€3k
-
19-21
€69k
+19023.7%
19-21
€69k
+19023.7%
19-21
Show 6 other metrics
1.39
-97.1%
19-21
1.39
-97.1%
19-21
28.3%
-71.1%
19-21
24.4%
-
19-21
6.9%
-
19-21
2.4%
-
19-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | micro |
| Revenue | €270k |
| EBITDA | - |
| Net profit | €7k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €96k |
| Equity | €27k |
| Debt | €69k |
| of which ≤ 1y | €69k |
| of which > 1y | - |
| Working capital | €27k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 1.39 |
| Quick ratio | 1.39 |
| Working capital ratio | 28.3% |
| Solvency | 28.3% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 2.4% |
| ROA | 6.9% |
| ROE | 24.4% |
| EBITDA margin | - |
| Days sales outstanding | 109d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €96k |
| Current assets | 29/58 | €96k |
| Amounts receivable within one year | 40/41 | €81k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €96k |
| Equity | 10/15 | €27k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €7k |
| Amounts payable | 17/49 | €69k |
| Amounts payable within one year | 42/48 | €69k |
| Trade debts payable within one year | 44 | €65k |
| Income statement | ||
| Turnover | 70 | €270k |
| Gross operating margin | 9900 | €12k |
| Operating result | 9901 | €12k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €106 |
| Result before taxes | 9903 | €13k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €10k |
| Result to be appropriated | 9905 | €10k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2021 · computed78
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Directors
Directors & mandates
2 directors11 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
CHIFA GheorgheDirectorState Gazette act 25097846 (31-07-2025)Current01-07-2025 → present
Former directors (1)
-
CUREA MirceaDirectorState Gazette act 25097846 (31-07-2025)Former- → 30-06-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige gespecialiseerde bouwactiviteiten, neg(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 15-10-2003 |
| Status | Active |
| Postal code | 1853 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationINTEGRAL CONSTRUCTION
since 20032.133.807.384
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area11.6 ha
Buildings2
Building footprint5,446 m²
Volume (LiDAR)64,433 m³
Tallest building20.7 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0061/00V000 | Flanders | 11.6 ha | 1 · 5,332 m² | 19.5 m · 3 fl. |
| 21815D0254/00D005 | Brussels | 117 m² | 1 · 114 m² | 20.7 m · 6 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette03-04-2026
KBO administration
Late accounts filing
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 act All acts · 1
updated 1 year ago
2025
31-07-2025 1 director appointed, 1 resigning
- CHIFA Gheorghe, Bestuurder
- CUREA Mircea, Bestuurder
Analysis
Financial profile
5 of 5 axes measured75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
68
Solvency
58
Growth
78
Stability
92
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,016 of the 15,531 companies in this sector. 1,785 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Optrekken van gebouwen voor industrieel of commercieel gebruik, voor landbouwdoeleinden, enz.45213Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige gespecialiseerde werkzaamheden in de bouw45250
Primary activity highlighted.
Names & trade names
| Legal nameFR | INTEGRAL CONSTRUCTION |
Registered office
Temselaan 100 bus A
1853 Grimbergen, Belgium
Registration history
- 03-04-2026 Late accounts filing
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.