IS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IS CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €55,551 and a net result of €18,701. Its solvency ranks better than 61% of 34,807 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €55,551
- Profit
- €18,701
- Board
- 4 members
Why 55raises riskFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €97,766lowers riskLiquidity: current ratio 2.14, cash €18,177Show the evidence
Checked score
About 2 in 100 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 41, micro): better than 66% on solvency, 56% on liquidity, 77% on profitability and 80% on growth.
The bankruptcy probability was computed on 29-10-2026 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 2 accounts on average 23 days after 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…
- Appointment: Basile Thiry (administrateur et directeur…Shareholding
- Resignation: Thiry Basile (director)Gazette deed
Financials · financial year 2025, micro format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410945.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 48% below 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.
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).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,445 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 39,278 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €198,827 | €390,857 | ▲ 96.6% |
| Remuneration, social security and pensions62 | - | €438 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,224 | - |
| Other operating charges640/8 | €1,676 | €1,335 | ▼ 20.4% |
| Non-recurring operating charges66A | - | €400 | - |
| Gross operating margin9900 | €46,918 | €27,033 | ▼ 42.4% |
| Operating profit (loss)9901 | €45,242 | €23,636 | ▼ 47.8% |
| Financial charges65/66B | €142 | €143 | ▲ 1.0% |
| Recurring financial charges65 | €142 | €143 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €45,100 | €23,494 | ▼ 47.9% |
| Income taxes67/77 | €11,250 | €4,793 | ▼ 57.4% |
| Profit (loss) for the period9904 | €33,850 | €18,701 | ▼ 44.8% |
| Profit (loss) for the period to be appropriated9905 | €33,850 | €18,701 | ▼ 44.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €57,751 | €97,766 | ▲ 69.3% |
| Fixed assets21/28 | - | €7,514 | - |
| Tangible fixed assets22/27 | - | €7,374 | - |
| Furniture and vehicles24 | - | €7,374 | - |
| Financial fixed assets28 | - | €140 | - |
| Current assets29/58 | €57,751 | €90,252 | ▲ 56.3% |
| Amounts receivable within one year40/41 | €46,139 | €71,841 | ▲ 55.7% |
| Trade receivables40 | €22,751 | €29,959 | ▲ 31.7% |
| Other amounts receivable41 | €23,389 | €41,883 | ▲ 79.1% |
| Cash at bank and in hand54/58 | €10,929 | €18,177 | ▲ 66.3% |
| Deferred charges and accrued income490/1 | €682 | €233 | ▼ 65.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €57,751 | €97,766 | ▲ 69.3% |
| Equity10/15 | €36,850 | €55,551 | ▲ 50.7% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €33,850 | €52,551 | ▲ 55.2% |
| Amounts payable17/49 | €20,901 | €42,215 | ▲ 102% |
| Amounts payable within one year42/48 | €20,901 | €42,215 | ▲ 102% |
| Trade debts44 | €7,309 | €18,135 | ▲ 148% |
| Suppliers440/4 | €7,309 | €18,135 | ▲ 148% |
| Taxes, remuneration and social security45 | €13,591 | €19,080 | ▲ 40.4% |
| Taxes450/3 | €13,591 | €17,080 | ▲ 25.7% |
| Remuneration and social security454/9 | - | €2,000 | - |
| Other amounts payable47/48 | - | €5,000 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €33,850 | €18,701 | ▼ 44.8% |
| + Depreciation and write-downs630 | - | €1,224 | - |
| Operating cash flow (approximation) | €33,850 | €19,925 | ▼ 41.1% |
| Change in cash | - | €7,248 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-08-2026 | 2026-00410945 |
| 31-12-2024 | micro format | 01-09-2025 | 2025-00484757 |
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
- Other function
| Name | Functions and periods |
|---|---|
| Ibishi Shkodran |
|
| Berat Mehdiji |
|
| Ibishi Vullnet |
|
| lbishi Pajtim |
|
| Basile Thiry |
|
Owners and capital
Capital and shareholders
- Basile Thiry 25%
- THIRY Basile sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-12-2023 Incorporation · €3,000
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
14-07
Gazette deed
Appointment: Basile Thiry (administrateur et directeur technique)Shareholding4 facts ▸
- General meeting, 29-11-2025
- Director in office, IBISHI SHKODRAN (director)
- Director appointment, Basile Thiry (administrateur et directeur technique)
- Shareholding, “parts sociales”, 25 (deed in French)
15-05
Gazette deed
Resignation: Thiry Basile (director)2 facts ▸
- General meeting, 05-05-2026
- Director resignation, Thiry Basile (director)
02-09
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, “siège social, Tous les associés étant présents” (deed in French)
- Registered-office move, rue Emile Melchior 62 à 5002 Namur
- Director in office, Ibishi Shkodran (director)
09-04
Gazette deed
Appointments: Berat Mehdiji, lbishi Pajtim and Ibishi Vullnet4 facts ▸
- General meeting, “siège social, Tous les associés étant présents” (deed in French)
- Director appointment, Berat Mehdiji
- Director appointment, lbishi Pajtim
- Director appointment, Ibishi Vullnet
26-01
Gazette deed
Appointment: Ibishi Shkodran (director)2 facts ▸
- General meeting, “siège social, Tous les associés étant présents” (deed in French)
- Director appointment, Ibishi Shkodran
12-12
Gazette deed
IncorporationAppointment: THIRY Basile (director) · Permanent representative: THIRY Basile · Founder10 facts ▸
- Incorporation, “IS CONSTRUCT” (deed in French)
- Founder, THIRY Basile (comparant)
- Founding capital, €3,000
- Capital
- General meeting, “société définitivement constituée par adoption statuts, décisions ne deviendront effectives qu'à dater du dépôt au greffe d'une expédition de l'acte constitutif…” (deed in French)
- Registered office clause, “5002 Namur, rue du Beau-Vallon”, 12 (deed in French)
- Director appointment, THIRY Basile (director (not named in the articles))
- Board rule, 1
- Permanent representative, THIRY Basile
- Pre-incorporation commitments, “Reprise des engagements pris au nom de la société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 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 1003.180.235
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 |
|---|---|---|---|---|
| 92108B0396/00M005 | Wallonia | 181 m² | 1 · 62 m² | 11.6 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes activités de ferronnerie de bâtiment, de menuiserie métallique, la serrurerie, la quincaillerie, toute activité concernant la pose et…” (deed in French)
26 activities (deed in French)
- Toutes activités de ferronnerie de bâtiment, de menuiserie métallique, la serrurerie, la quincaillerie, toute activité concernant la pose et l’installation de système de sécurité, alarme au sens large ainsi que son entretien.
- Toutes activités, opérations ou travaux relatifs à la construction générale, la rénovation, la transformation, l’aménagement, l'entretien, la décoration, la démolition ou toutes opérations généralement quelconques telles que étude, devis, évaluation, conception, réalisation et autres, se rapportant à tous biens immobiliers au sens le plus large, soit en tant qu'entreprise générale, soit en sous-traitance, en ce compris notamment : travaux hydrauliques, travaux de terrassement, travaux de drainage, aménagement et entretien de terrain divers, travaux de gros œuvres, travaux de maçonnerie et de rejointoiement, couvertures de constructions et travaux hydrofuges, isolation thermique et acoustique, revêtements de murs et de sols, travaux de plafonnage, travaux de restauration, travaux de pierres de taille et de marbrerie, charpenterie, châssis, menuiserie et menuiserie métallique, travaux de vitrerie, peinture et tapissage, constructions métalliques et ouvrages d'art métalliques, tuyauteries industrielles et canalisations, chauffage central, installations sanitaires, plomberie, zinguerie, installations électrotechniques et autres rénovations de façade, réalisation de chape, toiture, pose carrelages, surveillance des travaux de construction, étude et conseil en aménagement urbain et d'architecture paysagère, travaux électriques;
- La réalisation du gros œuvre de maisons individuelles
- Installation de panneaux solaires
- Installation de système d’alarme
- La mise en place de fondations, y compris le battage de pieux
- La décoration de la fenêtre : placement store, tentures,
- L'achat, la vente, l'import, l'export, la location, l'échange, le placement, l'installation, la réparation de tous matériaux, machines et matériels de constructions, en ce compris notamment de tout châssis, portes, portes blindée et coffres-forts ;
- L'achat, la vente, l'import, l'export, la location, l'échange, le placement, l'installation, la réparation de tout matériel et mobilier que ce soit à usage commercial, privé ou professionnel ;
- L'achat et la vente de tout bien immobilier bâti et non bâti ;
- L'achat, la vente, l'import, l'export, la location, l'échange, le placement, l'installation, la réparation de tous les biens dont le marché n’est pas règlementé.
- L’exploitation de garages, d'atelier d'entretien et de réparation des véhicules à moteur et mécanises, de même que l'exploitation de magasins de pièces de rechange, d'outils et d'accessoires pour ces mêmes véhicules ;
- La remise en état de pièces automobiles ;
- L’importation, l'exportation, la location, l'achat et la vente de voiture, moto, à l'état neuf ou d'occasion, ainsi que toutes pièces et accessoires relatifs au secteur automobile au sens le plus large ;
- L’importation, l'exportation et la location de véhicules utilitaires et à usage privé de camions, camionnettes, vélos, motocyclettes, pièces détachées et accessoires divers
- Le montage et le démontage de pneus ;
- L’assistance et le conseil dans les matières précitées ;
- L’exploitation de car-wash à base d'eau et de vapeur ;
- Le transport national et international sous toutes ses formes et par tous moyens, de toutes marchandises et produits ;
- La fabrication de carrosseries (y compris les cabines) pour véhicule automobiles;
- L’aménagement de tous types de véhicules automobiles (autocars, camions-citernes, camionsfrigorifiques, etc…) ;
- La fabrication de remorques et de semi-remorques ;
- La fabrication d’autres équipements pour véhicules automobiles ;
- Le commerce de gros de carburants, graisses, lubrifiants, huiles, etc… ;
- Le commerce de détails de carburants automobiles en magasin spécialisé;
- Le commerce de détails de carburants (y compris GPL), de lubrifiants et de produits de refroidissement pour les véhicules automobiles et Motocycles ;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IS CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transféré en tout endroit de la région de langue française de Belgique ou de la Région de Bruxelles-Capitale, par simple…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”“1. Adresse du siège : L’adresse du siège est située à 5002 Namur, rue du Beau-Vallon, 12 ; 2- Administrateur non statutaire : L’assemblée…”
Full text
1. Adresse du siège : L’adresse du siège est située à 5002 Namur, rue du Beau-Vallon, 12 ; 2- Administrateur non statutaire : L’assemblée décide de fixer le nombre d’administrateur à UN Est appelé aux fonctions d’administrateur non statutaire pour une durée illimitée, Monsieur THIRY Basile ici présent et qui accepte 3- Pouvoir de signature : Le pouvoir de signature des administrateurs sera individuel pour tous actes et/ou engagements de la société ; 4- Rémunération : Le mandat d’administrateur sera gratuit sauf décision contraire de l’assemblée générale.
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Article 9” (deed in French)“Nominatifs, Article 10” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier ordinaire, apport_en_numéraire_avec_émission_actions_nouvelles” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 16 June
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, faculté assemblée générale désigner un ou plusieurs liquidateurs et…” (deed in French)