INTERBOUW
ActiveSummary
INTERBOUW has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,100 and a net result of €1,023. Equity has been stable since 2018 (±1.9% per year). Its solvency ranks better than 49% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-07-1990 Normal situation
- Activity
- Joinery installation NACE 43320and 2 others
- Establishment unit
- 2.053.205.037 9550 Herzele, since 18-06-1991
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Sviatlana SAPIZHENKA75%annual accounts 2017
- Luc VAN HEGHE25%annual accounts 2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Turnover
- €10,338
- ▼ 13.1%
- Profit
- €1,023
- ▼ 80.1%
- Equity
- €87,100
- ▲ 1.2%
- Total assets
- €200,995
- ▲ 0.1%
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.16, cash €4,184Size: turnover €10,338, total assets €200,995lowers riskFounded in 1990Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46% of them on solvency, 13% on liquidity, 49% on profitability and 35% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 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 (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00452047.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 34 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 80% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €918 | - | - |
| Depreciation and write-downs of the year | - | - | €38 | €230 | €230 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as INTERBOUW: joinery installation (NACE 43320). They are comparable in size and age: total assets between €166,000 and €228,000, founded between 1987 and 2001.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| INTERBOUW Sint-Lievens-Houtem | 1990 | €200,995 | €87,100 | €2,326 | €10,338 | €1,023 | 2025 |
| ANDRE EN LUC LAMMENS Wetteren | 1989 | €167,278 | €140,265 | €2,429 | - | €726 | 2025 |
| A.A.S. - GEBROEDERS MENTENS Lummen | 1988 | €166,276 | -€13,341 | - | €16,028 | -€6,258 | 2025 |
| Peeters Karel Hulshout | 1997 | €187,854 | €180,385 | €1,697 | - | -€8,992 | 2025 |
| KOMPAS Oudenaarde | 2001 | €223,305 | €214,462 | €4,027 | - | €2,697 | 2025 |
| BELGEN Dendermonde | 1987 | €200,885 | €123,053 | -€7,505 | - | -€9,811 | 2025 |
| Marc en Luc VERVAECK Zulte | 1989 | €228,122 | €192,788 | -€7,022 | - | -€7,960 | 2025 |
They were chosen from the 9,055 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as INTERBOUW has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERBOUW itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for INTERBOUW. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €12,560 | €5,025 | €7,644 | €5,421 | €23,288 | €11,771 | €11,895 | €10,338 | ▼ 13.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €4,289 | €20,520 | €4,899 | €3,745 | €8,012 | ▲ 114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,855 | €2,316 | - | - | - | €38 | €230 | €230 | = |
| Other operating charges640/8 | - | - | - | €538 | €518 | €733 | €607 | €621 | ▲ 2.3% |
| Gross operating margin9900 | €2,514 | €741 | €2,832 | €1,132 | €2,768 | €6,872 | €8,150 | €2,326 | ▼ 71.5% |
| Operating profit (loss)9901 | -€775 | -€2,268 | €2,446 | €594 | €2,250 | €6,101 | €7,313 | €1,475 | ▼ 79.8% |
| Financial income75/76B | - | - | - | - | - | €72 | €141 | €80 | ▼ 43.3% |
| Recurring financial income75 | - | - | - | - | - | €72 | €141 | €80 | ▼ 43.3% |
| Financial charges65/66B | - | - | - | €173 | €55 | €59 | €58 | €58 | = |
| Recurring financial charges65 | - | €340 | €17 | €173 | €55 | €59 | €58 | €58 | = |
| Profit (loss) for the period before taxes9903 | -€775 | -€2,608 | €2,429 | €421 | €2,195 | €6,114 | €7,396 | €1,497 | ▼ 79.8% |
| Income taxes67/77 | - | - | - | €30 | €258 | €1,810 | €2,249 | €474 | ▼ 78.9% |
| Profit (loss) for the period9904 | -€775 | -€2,608 | €2,429 | €391 | €1,937 | €4,304 | €5,147 | €1,023 | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | -€775 | -€2,608 | €2,429 | €391 | €1,937 | €4,304 | €5,147 | €1,023 | ▼ 80.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €300,530 | €256,722 | €240,313 | €218,223 | €218,398 | €210,088 | €200,735 | €200,995 | ▲ 0.1% |
| Fixed assets21/28 | €70,616 | €68,300 | €68,300 | €68,300 | €68,300 | €69,180 | €68,950 | €68,720 | ▼ 0.3% |
| Tangible fixed assets22/27 | €70,616 | €68,300 | €68,300 | €68,300 | €68,300 | €69,180 | €68,950 | €68,720 | ▼ 0.3% |
| Land and buildings22 | - | - | - | €68,300 | €68,300 | €68,300 | €68,300 | €68,300 | = |
| Furniture and vehicles24 | - | - | - | - | - | €880 | €650 | €420 | ▼ 35.4% |
| Current assets29/58 | €229,914 | €188,422 | €172,013 | €149,923 | €150,098 | €140,908 | €131,785 | €132,275 | ▲ 0.4% |
| Stocks and contracts in progress3 | €151 | €151 | €151 | €151 | €151 | €151 | €151 | - | - |
| Stocks30/36 | - | - | - | €151 | €151 | €151 | €151 | - | - |
| Amounts receivable within one year40/41 | €224,234 | €177,267 | €165,116 | €137,627 | €121,341 | €117,316 | €111,630 | €114,632 | ▲ 2.7% |
| Trade receivables40 | - | - | - | €135,006 | €116,230 | €113,671 | €109,115 | €110,145 | ▲ 0.9% |
| Other amounts receivable41 | - | - | - | €2,621 | €5,111 | €3,645 | €2,515 | €4,487 | ▲ 78.4% |
| Current investments50/53 | - | - | - | - | €9,998 | €10,048 | €13,139 | €13,195 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €5,232 | €10,770 | €6,515 | €10,665 | €17,376 | €13,146 | €6,610 | €4,184 | ▼ 36.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,480 | €1,232 | €247 | €255 | €264 | ▲ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €300,530 | €256,722 | €240,313 | €218,223 | €218,398 | €210,088 | €200,735 | €200,995 | ▲ 0.1% |
| Equity10/15 | €79,977 | €77,369 | €79,798 | €80,189 | €82,126 | €86,430 | €86,077 | €87,100 | ▲ 1.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €11,700 | €11,700 | €11,700 | €12,000 | €13,000 | €16,000 | €14,500 | €15,500 | ▲ 6.9% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €5,800 | €6,800 | €9,800 | €8,300 | €9,300 | ▲ 12.0% |
| Profit (loss) carried forward14 | €6,277 | €3,669 | €6,098 | €6,189 | €7,126 | €8,430 | €9,577 | €9,600 | ▲ 0.2% |
| Amounts payable17/49 | €220,553 | €179,353 | €160,515 | €138,034 | €136,272 | €123,658 | €114,658 | €113,895 | ▼ 0.7% |
| Amounts payable within one year42/48 | €220,553 | €179,353 | €160,515 | €138,034 | €136,272 | €123,658 | €114,658 | €113,895 | ▼ 0.7% |
| Trade debts44 | €24 | €250 | €42 | €25 | €262 | €288 | €154 | €155 | ▲ 0.6% |
| Suppliers440/4 | - | - | - | €25 | €262 | €288 | €154 | €155 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €275 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €275 | - | - |
| Other amounts payable47/48 | - | - | - | €138,009 | €136,010 | €123,370 | €114,229 | €113,740 | ▼ 0.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€775 | -€2,608 | €2,429 | €391 | €1,937 | €4,304 | €5,147 | €1,023 | ▼ 80.1% |
| + Depreciation and write-downs630 | €2,855 | €2,316 | - | - | - | €38 | €230 | €230 | = |
| Operating cash flow (approximation) | €2,080 | -€292 | €2,429 | €391 | €1,937 | €4,342 | €5,377 | €1,253 | ▼ 76.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€918 | €0 | €0 | - |
| Change in cash | - | €5,538 | -€4,255 | €4,150 | €6,711 | -€4,230 | -€6,536 | -€2,426 | ▲ 62.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-08-2026 | 2026-00452047 | NBB |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00428164 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00226444 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00432043 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20403143 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60000298 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67600591 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-62400599 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59900412 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59400238 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Sviatlana SAPIZHENKAnatural personSourceown accounts 201775%
- Luc VAN HEGHEnatural personSourceown accounts 201725%
Network & group
Companies at the same address
1 other companyConnections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
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. Use the enterprise number 0441.265.371
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41028B0465/00S000 | Flanders | 843 m² | 1 · 267 m² | 15.9 m · 4 |
| 41063A0419/00M000 | Flanders | 470 m² | 1 · 154 m² | 11.5 m · 2 |