IVA Construction
ActiveSummary
The computed 12-month bankruptcy probability of IVA Construction is 1.8% (moderate). The 2025 annual accounts show equity of €23,446 and a net result of €29. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 7598 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-14
Solvency86▲+22
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 71.54 against 10.09 in 2024; short-term debt: 0.6% and cash: 35.4% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
60.6%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
23 d early
2023
37 d late
2022
56 d late
2021
31 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€23,446▲ 0.1%
2024 · €23,417
Total assets
€38,678▼ 34.8%
2024 · €59,292
Net result
€29▼ 99.7%
2024 · €10,746
Working capital
€16,360▼ 69.4%
2024 · €53,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,781€21,086-€2,061€13,324€232▼ 98.3%
Net result-€8,816below the sector's middle half€18,304within the sector's middle half-€2,313below the sector's middle half€10,746within the sector's middle half€29within the sector's middle half▼ 99.7%
Equity-€3,321below the sector's middle half€14,983within the sector's middle half€12,671below the sector's middle half▼ 15.4%€23,417within the sector's middle half▲ 84.8%€23,446within the sector's middle half▲ 0.1%
Total assets€43,846below the sector's middle half▲ 48.1%€85,019within the sector's middle half▲ 93.9%€61,306within the sector's middle half▼ 27.9%€59,292within the sector's middle half▼ 3.3%€38,678below the sector's middle half▼ 34.8%
Debt€47,166▲ 95.6%€70,035▲ 48.5%€48,636▼ 30.6%€35,875▼ 26.2%€15,232▼ 57.5%
Working capital-€4,182below the sector's middle half€14,983within the sector's middle half€12,671within the sector's middle half▼ 15.4%€53,417within the sector's middle half▲ 322%€16,360within the sector's middle half▼ 69.4%
Solvency-7.6%below the sector's middle half▼ 26.1pp17.6%within the sector's middle half▲ 25.2pp20.7%within the sector's middle half▲ 3.0pp39.5%within the sector's middle half▲ 18.8pp60.6%within the sector's middle half▲ 21.1pp
Current ratio0.91below the sector's middle half▼ 0.201.21within the sector's middle half▲ 0.301.26within the sector's middle half▲ 0.0510.09above the sector's middle half▲ 8.8371.54above the sector's middle half▲ 61.45
Return on assets (ROA)-20.1%below the sector's middle half▼ 21.8pp21.5%above the sector's middle half▲ 41.6pp-3.8%below the sector's middle half▼ 25.3pp18.1%within the sector's middle half▲ 21.9pp0.1%within the sector's middle half▼ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,678
Fixed assets
€22,087
Current assets
€16,592
Equity and liabilities €38,678
Equity
€23,446 ▲ 0.1%
Debt
€15,232 ▼ 57.5%
Debt's share of the balance-sheet total falls from 60.5% to 39.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,939
Cash flow
€3,736
Debt to equity
0.65▼
2024 · 1.53
ROE
0.1%▼
2024 · 45.9%
Interest coverage
30.50
Debt ≤ 1 year
€232▼
2024 · €5,875
Debt > 1 year
€15,000▼
2024 · €30,000
Income taxes
€74▼
2024 · €2,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 5,048 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,066 | €861 | - | - | €3,707 | - |
| Other operating charges640/8 | €678 | €777 | €381 | €339 | €788 | ▲ 133% |
| Gross operating margin9900 | -€6,037 | €22,724 | -€1,680 | €13,663 | €4,727 | ▼ 65.4% |
| Operating profit (loss)9901 | -€8,781 | €21,086 | -€2,061 | €13,324 | €232 | ▼ 98.3% |
| Financial income75/76B | - | €1 | €0 | €26 | - | - |
| Recurring financial income75 | - | €1 | €0 | €26 | - | - |
| Financial charges65/66B | €35 | €274 | €252 | €109 | €129 | ▲ 18.3% |
| Recurring financial charges65 | €35 | €274 | €252 | €109 | €129 | ▲ 18.3% |
| Profit (loss) for the period before taxes9903 | -€8,816 | €20,814 | -€2,313 | €13,241 | €103 | ▼ 99.2% |
| Income taxes67/77 | - | €2,510 | - | €2,495 | €74 | ▼ 97.0% |
| Profit (loss) for the period9904 | -€8,816 | €18,304 | -€2,313 | €10,746 | €29 | ▼ 99.7% |
| Profit (loss) for the period to be appropriated9905 | -€8,816 | €18,304 | -€2,313 | €10,746 | €29 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,846 | €85,019 | €61,306 | €59,292 | €38,678 | ▼ 34.8% |
| Fixed assets21/28 | €861 | - | - | - | €22,087 | - |
| Tangible fixed assets22/27 | €861 | - | - | - | €21,855 | - |
| Plant, machinery and equipment23 | - | - | - | - | €8,176 | - |
| Furniture and vehicles24 | €861 | - | - | - | €13,679 | - |
| Financial fixed assets28 | - | - | - | - | €232 | - |
| Current assets29/58 | €42,985 | €85,019 | €61,306 | €59,292 | €16,592 | ▼ 72.0% |
| Amounts receivable within one year40/41 | €17,889 | €39,264 | €15,332 | €1,239 | €1,888 | ▲ 52.4% |
| Trade receivables40 | €15,684 | €39,264 | €14,276 | €1,239 | €884 | ▼ 28.7% |
| Other amounts receivable41 | €2,205 | - | €1,056 | - | €1,004 | - |
| Cash at bank and in hand54/58 | €23,703 | €44,916 | €37,318 | €56,100 | €13,711 | ▼ 75.6% |
| Deferred charges and accrued income490/1 | €1,392 | €839 | €8,657 | €1,953 | €993 | ▼ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,846 | €85,019 | €61,306 | €59,292 | €38,678 | ▼ 34.8% |
| Equity10/15 | -€3,321 | €14,983 | €12,671 | €23,417 | €23,446 | ▲ 0.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€8,321 | €9,983 | €7,671 | €18,417 | €18,446 | ▲ 0.2% |
| Amounts payable17/49 | €47,166 | €70,035 | €48,636 | €35,875 | €15,232 | ▼ 57.5% |
| Amounts payable after more than one year17 | - | - | - | €30,000 | €15,000 | ▼ 50.0% |
| Other amounts payable178/9 | - | - | - | €30,000 | €15,000 | ▼ 50.0% |
| Amounts payable within one year42/48 | €47,166 | €70,035 | €48,636 | €5,875 | €232 | ▼ 96.1% |
| Trade debts44 | €328 | - | €5,617 | €762 | - | - |
| Suppliers440/4 | €328 | - | €5,617 | €762 | - | - |
| Taxes, remuneration and social security45 | - | €3,427 | €16 | €3,158 | €90 | ▼ 97.2% |
| Taxes450/3 | - | €3,427 | €16 | €3,158 | €90 | ▼ 97.2% |
| Other amounts payable47/48 | €46,838 | €66,608 | €43,003 | €1,954 | €142 | ▼ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,816 | €18,304 | -€2,313 | €10,746 | €29 | ▼ 99.7% |
| + Depreciation and write-downs630 | €2,066 | €861 | - | - | €3,707 | - |
| Operating cash flow (approximation) | -€6,750 | €19,165 | -€2,313 | €10,746 | €3,736 | ▼ 65.2% |
| Change in cash | - | €21,212 | -€7,598 | €18,782 | -€42,389 | ▼ 326% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 71.54
Current ratio from 10.09 to 71.54; short-term debt falls from €5,875 to €232.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,746
Net result €10,746 after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 10.09
Current ratio from 1.26 to 10.09; short-term debt falls from €48,636 to €5,875.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Back to profitnet €18,304
Net result €18,304 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€8,816
Net result drops to -€8,816, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2019
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
IVA Construction
since 20192.294.592.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 11,943 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
Founded08-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735809633
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.