IT CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IT CONSTRUCT is 1.5% (moderate). The 2025 annual accounts show equity of €158,240 and a net result of €45,196. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 27965 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+40
Solvency99▲+27
Growth72▲+18
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 1.82 in 2024; short-term debt: 25.9% and cash: 42.8% of total assets), and 25.9% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
74.1%
Return on assets
21.2%
Age of the figures
13 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 16-03-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
42 d early
2023
44 d early
2022
31 d early
2021
35 d early
2020
37 d early
2019
33 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close26-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€609,128▲ 15.0%
2024 · €529,473
EBIT margin
8.4%▲ 8.7pp
2024 · -0.3%
Net result
€45,196▲ 813%
2024 · €4,952
Working capital
€71,459▼ 32.8%
2024 · €106,281
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€819,499▼ 6.6%€665,738▼ 18.8%€550,621▼ 17.3%€529,473▼ 3.8%€609,128▲ 15.0%
Operating result€19,175▼ 25.9%€11,506▼ 40.0%€4,430▼ 61.5%-€1,412€51,071
Net result€15,328▼ 16.8%€14,129▼ 7.8%€5,848▼ 58.6%€4,952▼ 15.3%€45,196▲ 813%
EBIT margin2.3%▼ 0.6pp1.7%▼ 0.6pp0.8%▼ 0.9pp-0.3%▼ 1.1pp8.4%▲ 8.7pp
Equity€88,115▲ 21.1%€102,244▲ 16.0%€108,092▲ 5.7%€113,044▲ 4.6%€158,240▲ 40.0%
Total assets€153,604▲ 4.5%€176,796▲ 15.1%€179,063▲ 1.3%€242,494▲ 35.4%€213,487▼ 12.0%
Debt€65,489▼ 11.7%€74,552▲ 13.8%€70,970▼ 4.8%€129,450▲ 82.4%€55,247▼ 57.3%
Working capital€47,759▲ 352%€82,243▲ 72.2%€94,710▲ 15.2%€106,281▲ 12.2%€71,459▼ 32.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €51,071 after a loss of €1,412 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213,487
Fixed assets
€86,782 ▲ 1,183%
Current assets
€126,705 ▼ 46.3%
Equity and liabilities €213,487
Equity
€158,240 ▲ 40.0%
Debt
€55,247 ▼ 57.3%
Debt's share of the balance-sheet total falls from 53.4% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,439▲
2024 · €5,207
Cash flow
€61,564▲
2024 · €11,571
Current ratio
2.29▲
2024 · 1.82
Debt to equity
0.35▼
2024 · 1.15
ROE
28.6%▲
2024 · 4.4%
ROA
21.2%▲
2024 · 2.0%
Interest coverage
63.19▲
2024 · 4.13
Debt ≤ 1 year
€55,247▼
2024 · €129,450
Income taxes
€17,236▲
2024 · €1,474
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €819,499 | €665,738 | €550,621 | €529,473 | €609,128 | ▲ 15.0% |
| Non-recurring operating income76A | - | - | - | €15,814 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €631,931 | €539,263 | €539,632 | €540,844 | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,873 | €21,953 | €6,619 | €6,619 | €16,368 | ▲ 147% |
| Other operating charges640/8 | - | €348 | €310 | €448 | €845 | ▲ 88.8% |
| Gross operating margin9900 | €41,464 | €33,807 | €11,358 | €5,654 | €68,284 | ▲ 1,108% |
| Operating profit (loss)9901 | €19,175 | €11,506 | €4,430 | -€1,412 | €51,071 | ▲ 3,717% |
| Financial income75/76B | - | €7,249 | €4,124 | €9,098 | €12,429 | ▲ 36.6% |
| Recurring financial income75 | €860 | €7,249 | €4,124 | €9,098 | €12,429 | ▲ 36.6% |
| Financial charges65/66B | - | €584 | €934 | €1,260 | €1,067 | ▼ 15.3% |
| Recurring financial charges65 | €306 | €584 | €934 | €1,260 | €1,067 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €19,729 | €18,171 | €7,620 | €6,426 | €62,432 | ▲ 872% |
| Income taxes67/77 | €4,401 | €4,042 | €1,771 | €1,474 | €17,236 | ▲ 1,069% |
| Profit (loss) for the period9904 | €15,328 | €14,129 | €5,848 | €4,952 | €45,196 | ▲ 813% |
| Profit (loss) for the period to be appropriated9905 | €15,328 | €14,129 | €5,848 | €4,952 | €45,196 | ▲ 813% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,604 | €176,796 | €179,063 | €242,494 | €213,487 | ▼ 12.0% |
| Fixed assets21/28 | €40,356 | €20,001 | €13,382 | €6,763 | €86,782 | ▲ 1,183% |
| Tangible fixed assets22/27 | €40,356 | €20,001 | €13,382 | €6,763 | €86,782 | ▲ 1,183% |
| Plant, machinery and equipment23 | - | - | €1,198 | €879 | €559 | ▼ 36.4% |
| Furniture and vehicles24 | - | €20,001 | €12,184 | €5,885 | €86,223 | ▲ 1,365% |
| Current assets29/58 | €113,248 | €156,795 | €165,681 | €235,731 | €126,705 | ▼ 46.3% |
| Stocks and contracts in progress3 | €15,117 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €72,752 | €124,378 | €146,389 | €159,878 | €31,519 | ▼ 80.3% |
| Trade receivables40 | - | €119,783 | €145,667 | €152,358 | €26,282 | ▼ 82.7% |
| Other amounts receivable41 | - | €4,595 | €722 | €7,520 | €5,237 | ▼ 30.4% |
| Cash at bank and in hand54/58 | €25,379 | €32,417 | €19,292 | €75,852 | €91,307 | ▲ 20.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,880 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,604 | €176,796 | €179,063 | €242,494 | €213,487 | ▼ 12.0% |
| Equity10/15 | €88,115 | €102,244 | €108,092 | €113,044 | €158,240 | ▲ 40.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €15,860 | €15,860 | €15,860 | €15,860 | €15,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Profit (loss) carried forward14 | €66,055 | €80,184 | €86,032 | €90,984 | €136,180 | ▲ 49.7% |
| Amounts payable17/49 | €65,489 | €74,552 | €70,970 | €129,450 | €55,247 | ▼ 57.3% |
| Amounts payable within one year42/48 | €65,489 | €74,552 | €70,970 | €129,450 | €55,247 | ▼ 57.3% |
| Trade debts44 | €58,430 | €45,909 | €51,358 | €78,595 | €8,471 | ▼ 89.2% |
| Suppliers440/4 | - | €35,212 | €51,358 | €78,595 | €8,471 | ▼ 89.2% |
| Bills of exchange payable441 | - | €10,697 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €25,599 | €16,545 | €48,141 | €43,499 | ▼ 9.6% |
| Taxes450/3 | - | €4,042 | €1,771 | €1,474 | €17,236 | ▲ 1,069% |
| Remuneration and social security454/9 | - | €21,557 | €14,773 | €46,666 | €26,263 | ▼ 43.7% |
| Other amounts payable47/48 | - | €3,044 | €3,068 | €2,714 | €3,277 | ▲ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,328 | €14,129 | €5,848 | €4,952 | €45,196 | ▲ 813% |
| + Depreciation and write-downs630 | €21,873 | €21,953 | €6,619 | €6,619 | €16,368 | ▲ 147% |
| Operating cash flow (approximation) | €37,201 | €36,082 | €12,467 | €11,571 | €61,564 | ▲ 432% |
| Investment in fixed assets (approximation) | - | -€1,598 | €0 | €0 | -€96,387 | - |
| Change in cash | - | €7,038 | -€13,125 | €56,561 | €15,454 | ▼ 72.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Highest result since 2019net €45,196 ▲813%
Operating result €51,071, net result €45,196, both a record.
31-08
Financial
Equity above €150,000Eq €158,240 ▲40%
7 profitable years in a row build equity to €158,240.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Weakest financial yearnet €4,952 ▼15.3%
Net result drops to €4,952, the lowest in the series; recovery starts the following year.
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
Financial
Equity above €100,000Eq €102,244 ▲16%
4 profitable years in a row build equity to €102,244.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Jette · 1 establishment unit since 2014
Ground area
275 m²
Building footprint
160 m²
Volume, LiDAR
1,784 m³
2 parcels, Brussels · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IT Construct
since 20142.237.020.829
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463C0387/00C007 | Brussels | 192 m² | 1 · 92 m² | 17.0 m · 4 fl. |
| 21464D0130/00H010 | Brussels | 83 m² | 1 · 68 m² | 15.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BAUWENS RENOVATIE
BE 0862.066.516
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Fa BLOMME
BE 0890.051.412
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VAN DOORNE
BE 0474.634.658
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,029 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2014
Fiscal year end31-08
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.