INTERSTUC
ActiveSummary
INTERSTUC has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,583 and a net result of -€212. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 95% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €73,583
- Loss
- -€212
Why 95raises riskSector: Specialised construction activities (NACE 43)Size: total assets €78,302lowers riskLiquidity: current ratio 14.14, cash €49,272Equity €73,583 (94.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 43, micro): better than 90% on solvency, 98% on liquidity, 25% on profitability and 34% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 45 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€20,649
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1,142 after a loss of €19,483 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 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 12,322 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €42,409 | €2,544 | €11 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,340 | €13,274 | €12,741 | €9,993 | €9,405 | €9,553 | €2,077 | €4,053 | ▲ 95.2% |
| Other operating charges640/8 | - | - | - | €735 | €632 | €517 | €511 | €636 | ▲ 24.4% |
| Gross operating margin9900 | €96,999 | €78,184 | €93,754 | €95,555 | €25,530 | -€684 | -€16,895 | €5,831 | - |
| Operating profit (loss)9901 | €4,085 | -€2,219 | €31,166 | €42,419 | €12,950 | -€10,765 | -€19,483 | €1,142 | - |
| Financial income75/76B | - | - | - | €634 | €3 | €136 | €230 | €75 | ▼ 67.3% |
| Recurring financial income75 | €2,428 | €3,039 | €748 | €634 | €3 | €136 | €230 | €75 | ▼ 67.3% |
| Financial charges65/66B | - | - | - | €9,955 | €5,681 | €2,827 | €1,226 | €1,289 | ▲ 5.1% |
| Recurring financial charges65 | €402 | €344 | €550 | €9,955 | €5,681 | €2,827 | €1,226 | €1,289 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €6,111 | €476 | €31,364 | €33,097 | €7,271 | -€13,455 | -€20,480 | -€72 | ▲ 99.6% |
| Income taxes67/77 | €283 | €267 | €1,276 | €12,463 | €3,908 | €337 | €168 | €139 | ▼ 17.2% |
| Profit (loss) for the period9904 | €5,827 | €209 | €30,089 | €20,634 | €3,363 | -€13,793 | -€20,649 | -€212 | ▲ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €5,827 | €209 | €30,089 | €20,634 | €3,363 | -€13,793 | -€20,649 | -€212 | ▲ 99.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €87,069 | €133,351 | €139,371 | €167,973 | €155,998 | €102,755 | €75,742 | €78,302 | ▲ 3.4% |
| Fixed assets21/28 | €14,492 | €39,444 | €28,894 | €28,176 | €17,063 | €8,526 | €14,442 | €11,574 | ▼ 19.9% |
| Tangible fixed assets22/27 | €14,072 | €39,024 | €28,474 | €27,756 | €16,778 | €8,241 | €14,157 | €11,288 | ▼ 20.3% |
| Plant, machinery and equipment23 | - | - | - | €2,591 | €873 | €1,595 | €1,246 | €898 | ▼ 28.0% |
| Furniture and vehicles24 | - | - | - | €16,664 | €8,332 | - | €7,192 | €4,528 | ▼ 37.0% |
| Other tangible fixed assets26 | - | - | - | €8,501 | €7,574 | €6,646 | €5,719 | €5,863 | ▲ 2.5% |
| Financial fixed assets28 | €420 | €420 | €420 | €420 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €72,578 | €93,907 | €110,477 | €139,797 | €138,935 | €94,229 | €61,299 | €66,728 | ▲ 8.9% |
| Stocks and contracts in progress3 | €2,976 | €2,800 | €2,171 | €779 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €779 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €29,393 | €3,838 | €43,634 | €4,395 | €6,147 | €5,685 | €6,502 | €12,185 | ▲ 87.4% |
| Trade receivables40 | - | - | - | - | €2,293 | €3,030 | €3,358 | €7,236 | ▲ 115% |
| Other amounts receivable41 | - | - | - | €4,395 | €3,854 | €2,654 | €3,144 | €4,949 | ▲ 57.4% |
| Cash at bank and in hand54/58 | €37,179 | €77,843 | €62,952 | €130,295 | €124,715 | €82,666 | €50,851 | €49,272 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4,328 | €8,073 | €5,878 | €3,947 | €5,271 | ▲ 33.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €87,069 | €133,351 | €139,371 | €167,973 | €155,998 | €102,755 | €75,742 | €78,302 | ▲ 3.4% |
| Equity10/15 | €78,133 | €77,542 | €106,031 | €125,065 | €126,828 | €94,443 | €73,794 | €73,583 | ▼ 0.3% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €15,274 | €15,274 | €15,274 | = |
| Reserves13 | €59,541 | €58,950 | €87,439 | €106,473 | €108,236 | €79,169 | €58,520 | €58,309 | ▼ 0.4% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €104,614 | €106,376 | €79,169 | €58,520 | €58,309 | ▼ 0.4% |
| Amounts payable17/49 | €8,936 | €55,809 | €33,341 | €42,909 | €29,170 | €8,313 | €1,947 | €4,719 | ▲ 142% |
| Amounts payable after more than one year17 | - | - | €10,613 | €5,573 | €433 | - | - | - | - |
| Financial debts170/4 | - | - | - | €5,573 | €433 | - | - | - | - |
| Amounts payable within one year42/48 | €8,936 | €55,809 | €22,727 | €37,335 | €28,737 | €8,313 | €1,947 | €4,719 | ▲ 142% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,040 | €5,140 | €433 | - | - | - |
| Trade debts44 | €3,624 | €55,259 | €13,227 | €18,379 | €5,667 | €3,723 | €1,274 | €3,934 | ▲ 209% |
| Suppliers440/4 | - | - | - | €18,379 | €5,667 | €3,723 | €1,274 | €3,934 | ▲ 209% |
| Taxes, remuneration and social security45 | - | - | - | €12,797 | €16,810 | €4,157 | €673 | €785 | ▲ 16.6% |
| Taxes450/3 | - | - | - | €12,797 | €16,810 | €4,157 | €673 | €785 | ▲ 16.6% |
| Other amounts payable47/48 | - | - | - | €1,120 | €1,120 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,827 | €209 | €30,089 | €20,634 | €3,363 | -€13,793 | -€20,649 | -€212 | ▲ 99.0% |
| + Depreciation and write-downs630 | €8,340 | €13,274 | €12,741 | €9,993 | €9,405 | €9,553 | €2,077 | €4,053 | ▲ 95.2% |
| Operating cash flow (approximation) | €14,168 | €13,483 | €42,829 | €30,626 | €12,768 | -€4,240 | -€18,572 | €3,842 | - |
| Investment in fixed assets (approximation) | - | -€38,226 | -€2,191 | -€9,274 | €1,708 | -€1,016 | -€7,993 | -€1,185 | ▲ 85.2% |
| Change in cash | - | €40,663 | -€14,891 | €67,344 | -€5,581 | -€42,048 | -€31,815 | -€1,579 | ▲ 95.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-06-2026 | 2026-00149541 |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00151736 |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00140917 |
| 31-12-2022 | micro format | 14-06-2023 | 2023-00125515 |
| 31-12-2021 | micro format | 07-06-2022 | 2022-20047981 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900279 |
| 31-12-2019 | micro format | 11-06-2020 | 2020-16100513 |
| 31-12-2018 | micro format | 01-08-2019 | 2019-42500588 |
| 31-12-2017 | micro format | 06-08-2018 | 2018-44000326 |
| 31-12-2016 | micro format | 29-06-2017 | 2017-25100031 |
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
- began earlier
| Name | Functions and periods |
|---|---|
| GRAUWELS Argeus |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
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
09-10
Gazette deed
Resignation: GRAUWELS Argeus (statutory manager)Appointment: GRAUWELS Argeus (statutory director) · Legal form clause · Capital conversion14 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders”, 05-10-2023 (deed in Dutch)
- Legal form clause, “aanpassing statuten aan WVV en behoud rechtsvorm, EERSTE BESLISSING” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “verplichte verslaggeving bij voorwerpwijziging, dossier van ondergetekende notaris” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, GRAUWELS Argeus (statutory manager)
- Director appointment, GRAUWELS Argeus (statutory director)
- Director discharge, GRAUWELS Argeus (ontslagnemende zaakvoerder)
- Power of attorney, GRAUWELS Argeus
- +2 further facts in this act
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 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 0451.808.083
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 |
|---|---|---|---|---|
| 71063B0055/00R000 | Flanders | 1,197 m² | 1 · 210 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aannemen van alle bouwwerken,herstellingswerken,wegeniswerken,rioleringswerken,draineringswerken,en alle aanverwante activiteiten zowel…” (deed in Dutch)
21 activities (deed in Dutch)
- Het aannemen van alle bouwwerken,herstellingswerken,wegeniswerken,rioleringswerken,draineringswerken,en alle aanverwante activiteiten zowel privé als openbaar.
- Zij mag alle handels-,nijverheids-,financiële,roerende en onroerende zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- De vennootschap mag op welke wijze ook betrokken zijn in zaken,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen,haar grondstoffen kunnen leveren of de afzet van haar producten kunnen vergemakkelijken.
- Onderneming voor het bouwen van stelling alsmede het invoegen en reinigen van gevels,leggen van chapes,bouwen,herstellen en onderhouden van wegen,grond- en rioleringswerken,draineringswerken.
- Kleinhandel in alle bouwmaterialen,bouwartikelen,cement- en betonproducten.
- Aannemer van niet-metalen dakbedekkingen van gebouwen
- Aannemer in zinkwerken en metalen dakbedekkingen van gebouwen
- Installateur van verwarming met gas met individuele toestellen
- Sanitair installateur,loodgieter
- Aannemer van glaswerken
- Elektrotechnisch installateur
- Aannemer tegelzetter
- Aannemer plafonneerder cementwerker
- Aannemer schrijnwerker timmerman
- Algemene bouwonderneming(met uitzondering van alle bedrijvigheden aan een voorafgaande machtiging onderworpen)
- Aannemer van schilderwerken
- Aannemer van metsel- en betonwerken
- Aannemer van sloopwerken
- Aannemer voor waterdicht maken van bouwwerken
- Behanger-plaatser van wand en vloerbekledingen
- Het verlenen van deskundig advies inzake bouwwerken,herstellingswerken en alle aanverwante activiteiten zowel privé als openbaar.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- INTERSTUC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, ZETEL” (deed in Dutch)“3545 Halen,Tuinwijkstraat 59, mag bij enkel besluit bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar nodig voor zover…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)