IURCO CONSTRUCT
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
IURCO CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,321 and a net result of €8,321. Its solvency ranks better than 43% of 2,790 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Official details
KBO- Status
- Active since 11-10-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Bergensesteenweg 24, 1600 Sint-Pieters-Leeuw
- Activity
- General construction of residential buildings NACE 41001and 5 others
- Establishment unit
- 2.365.044.991 1080 Sint-Jans-Molenbeek, since 11-10-2024
- Financial year end
- 31 October
- Peppol
- Reachable
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- €13,560
- Turnover
- ≈ €170,000
- estimated
- Profit
- €8,321
- Equity
- €10,321
- Total assets
- €31,660
Why 66raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €31,660lowers riskLiquidity: current ratio 1.48, cash €18,824Show the evidence
Checked score
About 1 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 40% on solvency, 69% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 31-10-2026 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
Searched, nothing found (1)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-10-2025
- Filed on
- 29-05-2026
- Format
- abbreviated format
- Reference
- 2026-00126485
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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 1.3% 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 | 2025 |
|---|---|
| Other operating charges640/8 | €1,131 |
| Gross operating margin9900 | €13,560 |
| Operating profit (loss)9901 | €12,429 |
| Financial charges65/66B | €1,667 |
| Recurring financial charges65 | €1,667 |
| Profit (loss) for the period before taxes9903 | €10,762 |
| Income taxes67/77 | €2,441 |
| Profit (loss) for the period9904 | €8,321 |
| Profit (loss) for the period to be appropriated9905 | €8,321 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €31,660 | |
| Current assets29/58 | €31,660 | |
| Amounts receivable within one year40/41 | €12,836 | |
| Trade receivables40 | €5,959 | |
| Other amounts receivable41 | €6,877 | |
| Cash at bank and in hand54/58 | €18,824 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €31,660 | |
| Equity10/15 | €10,321 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | €8,321 | |
| Amounts payable17/49 | €21,339 | |
| Amounts payable within one year42/48 | €21,339 | |
| Trade debts44 | €15,163 | |
| Suppliers440/4 | €11,580 | |
| Bills of exchange payable441 | €3,583 | |
| Taxes, remuneration and social security45 | €6,141 | |
| Taxes450/3 | €6,141 | |
| Other amounts payable47/48 | €35 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €8,321 |
| Operating cash flow (approximation) | €8,321 |
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 (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | abbreviated format | 29-05-2026 | 2026-00126485 | NBB |
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
| Name | Functions and periods |
|---|---|
| GARGALIC Iurie |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan”“Vergoeding van bestuurders, vaste of evenredige vergoeding”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering”
Articles of association, deed of 15-10-2024
Owners and capital
Capital and shareholders
- GARGALIC Iurie 100 shares (100%) · €2,000 in cash
- 15-10-2024 Incorporation · €2,000 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft voor overdrager en helft voor koper(s),naar rato aantal verkregen aandelen indien meerdere, alle gevallen overdrachten onder levenden…”
- Share issue ruleHow and by whom new shares can be issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven, inbreng in geld met uitgifte van nieuwe aandelen-recht van voorkeur”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 15-10-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-10
Gazette deed
IncorporationAppointment: GARGALIC Iurie (director) · Founder · Founding capital8 facts ▸
- Incorporation, “IURCO CONSTRUCT” (deed in Dutch)
- Founder, GARGALIC Iurie
- Founding capital, €2,000
- Capital
- Registered office clause, “1600 Sint-Pieters-Leeuw, Bergensesteenweg, 24 bus 8” (deed in Dutch)
- Board rule, 1
- Director appointment, GARGALIC Iurie (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten ondernomen door comparant in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing 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, with enterprise number 1014.988.006
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IURCO CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of April at 19:00
Articles of association, deed of 15-10-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21523B0883/00C000 | Brussels | 6,628 m² | 1 · 1,383 m² | 35.6 m · 11 |
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |