Turnover
≈ €150,000 estimated
The micro format states no turnover.
ITS Construct
Lifetime
4 annual accounts with figures on one time axispeak €37,981 (2023)
€25,819▲ 126%
lowest -€3,812 (2024)
€5,053▲ €8,865
peak €43,032 (2025)
€43,032▲ 13.3%
€51,630▼ 20.1%
Board1 name since 2022
1 directorSMET Christof
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €11,422 to €25,819Back to profit: €5,053Equity from €37,979 to €43,032Debts from €64,602 to €51,630Cash from €7,275 to €35,936
Key points
from the 2025 annual accountsChecked score
68
Healthy
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.9%
01-2025: 8.5%▲ +2.6 percentage points vs 12-2024
02-2025: 3.1%▼ -5.4 percentage points vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.1%● unchanged vs 03-2025
05-2025: 3.0%▼ -0.1 percentage points vs 04-2025
06-2025: 2.9%▼ -0.1 percentage points vs 05-2025
07-2025: 2.9%● unchanged vs 06-2025
08-2025: 3.5%▲ +0.6 percentage points vs 07-2025
09-2025: 3.9%▲ +0.4 percentage points vs 08-2025
10-2025: 5.4%▲ +1.5 percentage points vs 09-2025
11-2025: 5.6%▲ +0.2 percentage points vs 10-2025
12-2025: 6.6%▲ +1.0 percentage point vs 11-2025
01-2026: 9.2%▲ +2.6 percentage points vs 12-2025highest value
02-2026: 4.5%▼ -4.7 percentage points vs 01-2026
03-2026: 4.5%● unchanged vs 02-2026
04-2026: 4.6%▲ +0.1 percentage points vs 03-2026
05-2026: 4.4%▼ -0.2 percentage points vs 04-2026
06-2026: 4.3%▼ -0.1 percentage points vs 05-2026
07-2026: 4.2%▼ -0.1 percentage points vs 06-2026
08-2026: 4.9%▲ +0.7 percentage points vs 07-2026
09-2026: 0.9%▼ -4.0 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 21 days late; 2 of the last 3 accounts late
Size: total assets €94,662
Founded in 2022
lowers risk
Liquidity: current ratio 2.24, cash €35,936
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 49% of them on solvency, 81% on liquidity, 44% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ITS Construct has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ITS Construct itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for ITS Construct. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.24 (1.61 in 2024), above the usual 1.5. Short-term debt is 33.6% and cash 38% of total assets. However, 54.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
21 days late
2024
153 days late
2023
153 days late
2022
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 97 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 November (3 of the last 4 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795526494
Incorporation
Founding capital of €5,000, 100 shares · Founder: SMET Christof · Appointment: SMET Christof (statutory director) · published on 02-01-2023 · Gazette deed
First establishment
Koekoeklaan 17, Brasschaat
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITS Construct Brasschaat | €94,662 | €25,819 | 45.5% | - |
| BOUWI Lille | €92,570 | €28,189 | 68.0% | - |
| Leenaerts-HCC Wuustwezel | €104,157 | €26,948 | 13.7% | - |
| EAC Interieurbouw Nijlen | €84,677 | €22,323 | 67.4% | - |
| BLOCK Constructions Hemiksem | €97,867 | €32,013 | 73.2% | - |
| Znm Antwerp | €101,960 | €26,133 | 28.0% | - |
| G.I.V. BATIMENT Sint-Pieters-Leeuw | €94,093 | €25,544 | 58.2% | - |
These companies have the same main activity as ITS Construct: joinery installation (NACE 43320). They are comparable in size and age: total assets between €84,700 and €104,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 29-12-2022Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.340.563.3792930 Brasschaat, since 29-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 17-03-2025
Insights on ITS Construct
ITS Construct files the micro format. That format states no turnover. The gross margin fell from €31,837 in 2022 to €25,819 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ITS Construct
- What is the company number of ITS Construct?
- The company number of ITS Construct is 0795.526.494. The VAT number is the same number with BE in front: BE 0795.526.494.
- Where is ITS Construct based?
- The registered office is at Koekoeklaan 17, 2930 Brasschaat.Company details
- What does ITS Construct do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of ITS Construct?
- ITS Construct is a private limited company (BV).
- When was ITS Construct founded?
- ITS Construct was founded on 29-12-2022.
- Is ITS Construct still active?
- Yes, ITS Construct is an active enterprise in the KBO register.
- What is the turnover of ITS Construct?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €25,819 and 32 comparable companies (NACE 43320). It probably lies between €110,000 and €260,000.Financials
- Is ITS Construct profitable?
- In financial year 2025, ITS Construct made a profit of €5,053.
- Where can I find the annual accounts of ITS Construct?
- ITS Construct filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ITS Construct due?
- ITS Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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