Turnover
≈ €150,000 estimated
The micro format states no turnover.
ITS Construct
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
Annual accounts 2025
- €25,819▲ 126%
- €5,053
- €43,032▲ 13.3%
- €94,662▼ 7.7%
- Filing
- Filed on 21-08-2026
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.
Financials
Annual accounts 2025
micro format, filed on 21-08-2026, 21 days late€25,819
▲ 126%
€11,997
▲ €13,704
€5,053
▲ €8,865
€39,343
▲ 49.7%
45.5%
▲ 8.4 percentage points
2.24
▲ 0.63
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €110,000 and €260,000.
Balance sheet
balance sheet total €94,662 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
45.5%
Higher than 49% of 35,136 companies in 2025.
2.24
Higher than 60% of 34,510 companies in 2025.
5.3%
Higher than 44% of 34,711 companies in 2025.
ITS Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
94,662 | 102,581 | 103,877 | 54,477 | |
20 |
- | - | - | 3,363 | |
21/28 |
23,488 | 32,992 | 41,428 | 23,857 | |
22/27 |
23,488 | 32,992 | 41,428 | 23,857 | |
23 |
4,010 | 4,051 | 2,985 | 4,571 | |
24 |
6,292 | 10,784 | 15,315 | 19,286 | |
25 |
13,185 | 18,157 | 23,128 | - | |
29/58 |
71,174 | 69,589 | 62,449 | 27,256 | |
3 |
27,676 | 18,550 | - | - | |
30/36 |
27,676 | 18,550 | - | - | |
40/41 |
6,917 | 43,107 | 43,990 | 22,256 | |
40 |
2,586 | 33,889 | 37,112 | 3,387 | |
41 |
4,331 | 9,218 | 6,878 | 18,869 | |
54/58 |
35,936 | 7,275 | 17,907 | 5,000 | |
490/1 |
645 | 657 | 552 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
94,662 | 102,581 | 103,877 | 54,477 | |
10/15 |
43,032 | 37,979 | 41,791 | 26,259 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
38,032 | 36,791 | 36,791 | 21,259 | |
133 |
38,032 | 36,791 | 36,791 | 21,259 | |
14 |
- | -3,812 | - | - | |
17/49 |
51,630 | 64,602 | 62,086 | 28,218 | |
17 |
19,799 | 21,271 | 29,184 | 13,107 | |
170/4 |
19,799 | 21,271 | 29,184 | 13,107 | |
42/48 |
31,831 | 43,301 | 31,955 | 15,111 | |
42 |
11,471 | 7,911 | 7,084 | 3,535 | |
44 |
4,054 | 13,945 | 14,296 | 4,780 | |
440/4 |
4,054 | 13,945 | 14,296 | 4,780 | |
45 |
16,003 | 19,067 | 9,711 | 6,796 | |
450/3 |
15,171 | 17,403 | 8,879 | 6,796 | |
454/9 |
832 | 1,664 | 832 | - | |
47/48 |
303 | 2,378 | 863 | - | |
492/3 |
- | 30 | 947 | - | |
| Income statement | |||||
9900 |
25,819 | 11,422 | 37,981 | 31,837 | |
630 |
11,345 | 12,186 | 12,594 | 2,910 | |
640/8 |
2,478 | 943 | 1,765 | 656 | |
9901 |
11,997 | -1,707 | 23,622 | 28,271 | |
75/76B |
- | 0 | 0 | - | |
75 |
- | 0 | 0 | - | |
65/66B |
4,090 | 1,822 | 1,191 | 216 | |
65 |
4,090 | 1,822 | 1,191 | 216 | |
9903 |
7,907 | -3,529 | 22,431 | 28,054 | |
67/77 |
2,854 | 284 | 6,898 | 6,796 | |
9904 |
5,053 | -3,812 | 15,533 | 21,259 | |
9905 |
5,053 | -3,812 | 15,533 | 21,259 | |
| Appropriation of the result | |||||
9906 |
1,241 | -3,812 | 15,533 | 21,259 | |
14P |
-3,812 | - | - | - | |
691/2 |
1,241 | - | 15,533 | 21,259 | |
6921 |
1,241 | - | 15,533 | 21,259 | |
| Document | |||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412589.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 23,342 | 10,479 | 36,216 | 31,181 | ||
| 16,397 | 8,373 | 28,126 | 24,169 | ||
| 1,840 | 3,750 | 26,801 | 26,768 | ||
| 28,661 | -10,632 | 12,907 | - | ||
| 39,343 | 26,288 | 30,495 | 12,145 | ||
| 45.5% | 37.0% | 40.2% | 48.2% | ||
| 2.24 | 1.61 | 1.95 | 1.80 | ||
| 1.37 | 1.18 | 1.95 | 1.80 | ||
| 1.20 | 1.70 | 1.49 | 1.07 | ||
| 11.7% | -10.0% | 37.2% | 81.0% | ||
| 5.3% | -3.7% | 15.0% | 39.0% | ||
| 5.71 | 5.75 | 30.40 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,840 | €3,750 | €26,801 | €26,768 |
| €11,345 | €12,186 | €12,594 | €2,910 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on ITS Construct
The operating result for 2025 is a profit of €11,997, after a loss of €1,707 in 2024.
Debt's share of the balance-sheet total falls from 63.0% to 54.5%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, no change since 2023Statutory director
since 29-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 21-08-2026
Mandates through the years
1 name, the dashed line is todaySMET Christof
Statutory director
Statutory director
Board
Mandates as a list
- SMET Christof
- Statutory director, from 29-12-2022 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €430 in 2025
- Source
- deed of 02-01-2023
Articles of association
deed of 02-01-2023 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 02-01-2023 ↗
- SMET Christof 100 shares (100%) · in cash
Network & group
No group
ITS Construct has no parent and no holdings in its annual accounts. SMET Christof is the only director. ITS Construct shares no director with another company.
At the same address
Koekoeklaan 17, 2930 Brasschaat · 1 other company| Vereniging van Mede-eigenaars van het gebouw (Bouw 9) te Brasschaat, Koekoeklaan 17-23
registered office since 01-08-1995 |
founded in 1995 0547.704.164 |
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days late
2025
Back to profit net €5,053 The net result is €5,053, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 153 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0795526494
2024
Weakest financial year net -€3,812 The net result drops to -€3,812, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 153 days late
2023
Annual accounts 2022 filed PDFmicro format · 61 days late
2022
IncorporationFounding capital of €5,000, 100 shares · Founder: SMET Christof · Appointment: SMET Christof (statutory director) · published on 02-01-20234 points ▸
- Founder, SMET Christof
- Founding capital, €5,000, 100 shares
- Director appointment, SMET Christof (statutory director), mentioned twice in the deed
- Board rule, 1
- The deed holds 2 more points.
First establishment Koekoeklaan 17, Brasschaat
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ITS Construct was incorporated on 29 December 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2022, SMET Christof has served as statutory director.3 Total assets rose from €54,477 in 2022 to €94,662 in 2025.4
Company details
Identity
- Enterprise number
- 0795.526.494
- VAT number
- BE 0795.526.494
- Peppol ID
- 0208:0795526494
- Other Peppol ID
- 9925:BE0795526494
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-12-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of Junedeed of 02-01-2023 (in Dutch)
- Peppol
- Reachable since 17-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ITS Construct in Dutch
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- ITS Constructdeed of 02-01-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Koekoeklaan 17 bus 2001, 2930 Brasschaat”deed of 02-01-2023 (in Dutch)
Activities
NACEBEL 202543320
Joinery installation main activity
Codes under NACEBEL 2008
43320
Joinery installation main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het optrekken en restaureren van gebouwen, algemene bouwonderneming, bekisting en ijzervlechtwerk, coördinatieactiviteiten in de bouw…”deed of 02-01-2023 (in Dutch)
4 activities
- Het optrekken en restaureren van gebouwen, algemene bouwonderneming, bekisting en ijzervlechtwerk, coördinatieactiviteiten in de bouw, aannemingswerken schrijnwerker-timmerman, plafonneerder-cementwerker, chapewerken, metsel- en betonwerken, (industriële) coating- en schilderwerken, het vervaardigen, plaatsen, onderhouden en herstellen van tegel- en parketvloeren, mozaïek en alle andere, al dan niet houten, bedekkingen van muren en vloeren omvattende eveneens bedekkingen met cementagglomeraten en plastische of soortgelijke producten, schilder- en behangwerken, garnierings-, versierings- en decoratiewerk, glaswerken, het bedekken van gebouwen onder meer met dakpannen, stro, natuurlijke en kunstleien, stalen platen in asbestcement, waterdicht maken van bouwwerken, bestrijden van opstijgend vocht en huiszwam, metaal- en constructiewerken omvattende het vervaardigen, plaatsen, herstellen en onderhouden van alle metalen schrijn- en ijzerwerk, stellingbouw, leidingen en anderen metalen kunstwerken, loodgieter, lood- en zinkwerken, rioleringswerken, het plaatsen van centrale verwarming omvattende de installatie van alle hulptoestellen en het plaatsen, onderhouden en herstellen van alle soorten branders, aanneming sloopwerken, klein- en groothandel in bouwproducten en materialen, het werken met onderaannemers, het optreden als project- en werfleider, het verstrekken van alle diensten en prestaties in verband met reiniging, onderhoud en ontsmetting van alle gebouwen, constructies, gevels, daken, ruimten en terreinen;
- Aan- en verkoop van, groot- en kleinhandel in, het vervaardigen, leveren en plaatsen, herstellen en onderhouden van trappen, deuren, ramen en vensters, meubelen en allerhande schrijnwerk in hout, kunststof, metaal en andere materialen, met inbegrip van alle inrichting en meubilair voor slaapkamers, badkamers, keukens en alle daarbij horende toestellen;
- De installatie, import, export, aan- en verkoop van fotovoltaïsche zonnepanelen, omvormers en andere toebehoren, het plaatsen en monteren van fotovoltaïsche installaties (zonnecelpanelen), het aansluiten van deze installaties op het openbaar distributienet;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koekoeklaan 17 registered office 2930 Brasschaat 4332001 Joinery installation | 29-12-2022 | 2.340.563.379 |
Buildings and parcels at the address
- Ground area
- 1,078 m²
- Buildings
- 424 m²
- Volume, LiDAR
- 3,560 m³
- Tallest building
- 10.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11324D0304/00K000 | 1,078 m² | 1 · 424 m² | 10.7 m · 3 |
Contact
Website
its-construct.be/ establishment in Brasschaat
E-mail
info@its-construct.be establishment in Brasschaat
Invoicing and payment
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. Use the enterprise number 0795.526.494