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IVD CONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsStationsstraat 60, 1861 Meise, BelgiumKBO/BCE: BE 1006.084.988
Summary

The computed 12-month bankruptcy probability of IVD CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show equity of €41,964 and a net result of €37,964. Its solvency ranks better than 86% of 9,217 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (21 days) Filed on 21 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00569018.

Equity
€41,964
Total assets
€53,885
Net result
€37,964
Working capital
€41,024

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €53,885
Fixed assets €939
Current assets €52,946
Equity and liabilities €53,885
Equity €41,964
Debt €11,922
Debt finances 22.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€48,222
Cash flow
€38,374
Current ratio
4.44
Debt to equity
0.28
ROE
90.5%
ROA
70.5%
Interest coverage
51.55
Debt ≤ 1 year
€11,922
Income taxes
€10,147

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% 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 1.9% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€53,885
Fixed assets21/28€939
Tangible fixed assets22/27€939
Plant, machinery and equipment23€939
Current assets29/58€52,946
Amounts receivable within one year40/41€41,897
Trade receivables40€8,508
Other amounts receivable41€33,389
Cash at bank and in hand54/58€11,049
Equity and liabilities
Total equity and liabilities10/49€53,885
Equity10/15€41,964
Contributions10/11€4,000
Contributions outside capital11€4,000
Other1109/19€4,000
Profit (loss) carried forward14€37,964
Amounts payable17/49€11,922
Amounts payable within one year42/48€11,922
Trade debts44€1,775
Suppliers440/4€1,775
Taxes, remuneration and social security45€10,147
Taxes450/3€10,147
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€411
Other operating charges640/8€509
Gross operating margin9900€48,730
Operating profit (loss)9901€47,811
Financial income75/76B€1,235
Recurring financial income75€1,235
Financial charges65/66B€936
Recurring financial charges65€936
Profit (loss) for the period before taxes9903€48,111
Income taxes67/77€10,147
Profit (loss) for the period9904€37,964
Profit (loss) for the period to be appropriated9905€37,964
Appropriation of the result
Profit (loss) to be appropriated9906€37,964

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€411
Other operating charges640/8€509
Gross operating margin9900€48,730
Operating profit (loss)9901€47,811
Financial income75/76B€1,235
Recurring financial income75€1,235
Financial charges65/66B€936
Recurring financial charges65€936
Profit (loss) for the period before taxes9903€48,111
Income taxes67/77€10,147
Profit (loss) for the period9904€37,964
Profit (loss) for the period to be appropriated9905€37,964
Line2025
Assets
Total assets20/58€53,885
Fixed assets21/28€939
Tangible fixed assets22/27€939
Plant, machinery and equipment23€939
Current assets29/58€52,946
Amounts receivable within one year40/41€41,897
Trade receivables40€8,508
Other amounts receivable41€33,389
Cash at bank and in hand54/58€11,049
Equity and liabilities
Total equity and liabilities10/49€53,885
Equity10/15€41,964
Contributions10/11€4,000
Contributions outside capital11€4,000
Other1109/19€4,000
Profit (loss) carried forward14€37,964
Amounts payable17/49€11,922
Amounts payable within one year42/48€11,922
Trade debts44€1,775
Suppliers440/4€1,775
Taxes, remuneration and social security45€10,147
Taxes450/3€10,147
Line2025
Profit (loss) for the period9904€37,964
+ Depreciation and write-downs630€411
Operating cash flow (approximation)€38,374

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-03-2025 micro format 21-11-2025 2025-00569018

Similar companies · same sector, comparable size

Of the 29,196 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,159. 13,015 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.