IRK CONSTRUCT
ActiveIRK CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €11k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability45▼-55
Solvency28▼-18
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.33 in 2023), and 81% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
19%
Return on assets
1.7%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1887 sector peers (2025).
NBB · sector comparisonPosition among 1887 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-04-2026, 12 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
12 d early
2023
275 d late
2021
1 d late
2019
68 d late
2018
9 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€123k▼ 5.1%
2023 · €130k
2018: €24k
2019: €54k
2021: €89k
2023: €130k
2018 → 2025
Total assets
€650k▲ 28.7%
2023 · €505k
2018: €44k
2019: €219k
2021: €479k
2023: €505k
2018 → 2025
Net result
€11k▼ 90.5%
2023 · €118k
2018: €6k
2019: €30k
2021: €329k
2023: €118k
2018 → 2025
Working capital
€87k▼ 26.9%
2023 · €119k
2018: €41k
2019: €215k
2021: €107k
2023: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202120232025Trend
Equity€24k-€54k▲ 123%€89k▲ 62.8%€130k▲ 46.9%€123k▼ 5.1%
Operating result€5k-€31k▲ 507%€330k▲ 958%€77k▼ 76.5%€23k▼ 70.5%
Net result€6k-€30k▲ 415%€329k▲ 997%€118k▼ 64.0%€11k▼ 90.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 71% below 2023.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €650k
Fixed assets
€67k▲ 138%
Current assets
€583k▲ 22.2%
Equity and liabilities €650k
Equity
€123k▼ 5.1%
Debt
€527k▲ 40.4%
The debt ratio rises from 74.3% to 81.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€27k
Cash flow
€16k
Solvency
19.0%▼
2023 · 25.7%
Current ratio
1.18▼
2023 · 1.33
Quick ratio
1.18▼
2023 · 1.33
Debt / equity
4.27▲
2023 · 2.89
ROE
9.1%▼
2023 · 90.9%
ROA
1.7%▼
2023 · 23.4%
Interest coverage
79.81
Debt
€527k▲
2023 · €375k
Debt ≤ 1 year
€496k▲
2023 · €358k
Income taxes
€12k▲
2023 · €5k
Staff costs
€108k▲
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€505k€650k▲
Fixed assets21/28€28k€67k▲
Tangible fixed assets22/27€28k€38k▲
Furniture and vehicles24-€9k
Other tangible fixed assets26€28k€28k=
Financial fixed assets28-€29k
Current assets29/58€477k€583k▲
Amounts receivable within one year40/41€477k€517k▲
Trade receivables40€467k€511k▲
Other amounts receivable41€10k€6k▼
Cash at bank and in hand54/58-€166
Deferred charges and accrued income490/1-€65k
Equity and liabilities
Total equity and liabilities10/49€505k€650k▲
Equity10/15€130k€123k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€110k€103k▼
Amounts payable17/49€375k€527k▲
Amounts payable within one year42/48€358k€496k▲
Financial debts43€12-
Credit institutions430/8€12-
Taxes, remuneration and social security45€15k€13k▼
Taxes450/3-€13k
Remuneration and social security454/9€15k-
Other amounts payable47/48€343k€483k▲
Accrued charges and deferred income492/3€17k€31k▲
Income statement
Code20232025
Remuneration, social security and pensions62€38k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8-€2k
Gross operating margin9900€115k€137k▲
Operating profit (loss)9901€77k€23k▼
Financial income75/76B€47k€267▼
Recurring financial income75€47k€267▼
Financial charges65/66B€227€344▲
Recurring financial charges65€227€344▲
Profit (loss) for the period before taxes9903€124k€23k▼
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€118k€11k▼
Profit (loss) for the period to be appropriated9905€118k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€210k€123k▼
Profit (loss) brought forward from the previous period14P€91k€112k▲
Profit to be distributed694/7€100k€20k▼
Directors or managers695€100k€20k▼
The notes to these accounts (7 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
18-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 275 days late
2023
30-09
Financial
Equity above €100kEq €130k ▲46.9%
4 profitable years in a row build equity to €130k.
2022
01-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-09
Financial
Highest result since 2018net €329k ▲997%
Operating result €330k, net result €329k, both a record.
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
30-09
Financial
Liquidity triplescurrent ratio 47.20
Current ratio from 13.88 to 47.20.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2017
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.
Louizalaan 2091050 ElseneGround area
1.0 ha
Building footprint
2,107 m²
Volume, LiDAR
42,023 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
IRK CONSTRUCT
since 20172.269.392.501
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 1,407 m² | 29.7 m · 6 fl. |
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
Linked by address, not proof of ownership
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.
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STAALCONSTRUCTIES VANDERSTEEN
BE 0478.758.148
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Ateliers de Métallisation de la Senne
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ALC-ENGINEERING
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,637 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2017
Fiscal year end30-09
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
42110Construction of roads and motorways
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43342Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43992Specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
46190Agents in non-specialised wholesale trade
46349Wholesale of beverages, general range
56301Cafés and bars
56309Food and beverage service activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.