IVT CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IVT CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €182,840 and a net result of €63,768. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 2213 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+1
Solvency79▲+10
Growth78=
Track record92
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.72 in 2024; short-term debt: 46.2% and cash: 0.2% of total assets), and 46.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
53.8%
Return on assets
18.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
46 d late
2024
61 d late
2023
48 d late
2022
59 d late
2021
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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.
Companies Code · seven monthsPosition in the running window
28-09-2026 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€182,840▲ 8.1%
2024 · €169,071
Total assets
€340,073▼ 11.6%
2024 · €384,844
Net result
€63,768▼ 7.1%
2024 · €68,673
Working capital
€152,045▼ 1.8%
2024 · €154,880
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€2,399-€7,869▲ 228%€112,286▲ 1,327%€93,965▼ 16.3%€84,867▼ 9.7%
Net result€1,813within the sector's middle half-€5,765within the sector's middle half▲ 218%€112,530above the sector's middle half▲ 1,852%€68,673above the sector's middle half▼ 39.0%€63,768within the sector's middle half▼ 7.1%
Equity€7,813below the sector's middle half-€13,578within the sector's middle half▲ 73.8%€126,108above the sector's middle half▲ 829%€169,071above the sector's middle half▲ 34.1%€182,840within the sector's middle half▲ 8.1%
Total assets€15,754below the sector's middle half-€41,134below the sector's middle half▲ 161%€132,317within the sector's middle half▲ 222%€384,844above the sector's middle half▲ 191%€340,073within the sector's middle half▼ 11.6%
Debt€7,940-€27,556▲ 247%€6,209▼ 77.5%€215,773▲ 3,375%€157,233▼ 27.1%
Working capital€4,303-€11,587▲ 169%€121,136▲ 945%€154,880▲ 27.9%€152,045▼ 1.8%
Solvency49.6%within the sector's middle half-33.0%within the sector's middle half▼ 16.6pp95.3%above the sector's middle half▲ 62.3pp43.9%within the sector's middle half▼ 51.4pp53.8%within the sector's middle half▲ 9.8pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340,073
Fixed assets
€30,795 ▲ 117%
Current assets
€309,278 ▼ 16.6%
Equity and liabilities €340,073
Equity
€182,840 ▲ 8.1%
Debt
€157,233 ▼ 27.1%
Debt's share of the balance-sheet total falls from 56.1% to 46.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,976▼
2024 · €97,304
Cash flow
€75,878▲
2024 · €72,013
Current ratio
1.97▲
2024 · 1.72
Debt to equity
0.86▼
2024 · 1.28
ROE
34.9%▼
2024 · 40.6%
ROA
18.8%▲
2024 · 17.8%
Interest coverage
124.01▼
2024 · 150.11
Debt ≤ 1 year
€157,233▼
2024 · €215,773
Income taxes
€20,317▼
2024 · €24,643
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,049 | €1,520 | €2,200 | €3,340 | €12,109 | ▲ 263% |
| Other operating charges640/8 | €369 | €72 | €11,043 | €1,347 | €4,431 | ▲ 229% |
| Gross operating margin9900 | €3,817 | €9,460 | €125,530 | €98,652 | €101,407 | ▲ 2.8% |
| Operating profit (loss)9901 | €2,399 | €7,869 | €112,286 | €93,965 | €84,867 | ▼ 9.7% |
| Financial income75/76B | €6 | €0 | €5 | €0 | €1 | ▲ 206% |
| Recurring financial income75 | €6 | €0 | €5 | €0 | €1 | ▲ 206% |
| Financial charges65/66B | €81 | €136 | €272 | €648 | €782 | ▲ 20.6% |
| Recurring financial charges65 | €81 | €136 | €272 | €648 | €782 | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €2,324 | €7,733 | €112,019 | €93,317 | €84,086 | ▼ 9.9% |
| Income taxes67/77 | €511 | €1,969 | -€511 | €24,643 | €20,317 | ▼ 17.6% |
| Profit (loss) for the period9904 | €1,813 | €5,765 | €112,530 | €68,673 | €63,768 | ▼ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €1,813 | €5,765 | €112,530 | €68,673 | €63,768 | ▼ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,754 | €41,134 | €132,317 | €384,844 | €340,073 | ▼ 11.6% |
| Fixed assets21/28 | €3,511 | €1,991 | €4,972 | €14,191 | €30,795 | ▲ 117% |
| Tangible fixed assets22/27 | €3,511 | €1,991 | €4,972 | €14,191 | €29,795 | ▲ 110% |
| Plant, machinery and equipment23 | - | - | - | €1,895 | €1,086 | ▼ 42.7% |
| Furniture and vehicles24 | €3,511 | €1,991 | €4,972 | €12,297 | €28,709 | ▲ 133% |
| Financial fixed assets28 | - | - | - | - | €1,000 | - |
| Current assets29/58 | €12,243 | €39,143 | €127,345 | €370,653 | €309,278 | ▼ 16.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €700 | - |
| Trade receivables290 | - | - | - | - | €700 | - |
| Amounts receivable within one year40/41 | €4,361 | €39,135 | €120,811 | €363,852 | €307,501 | ▼ 15.5% |
| Trade receivables40 | €4,318 | €28,492 | €62,606 | €211,311 | €100,986 | ▼ 52.2% |
| Other amounts receivable41 | €43 | €10,643 | €58,205 | €152,541 | €206,514 | ▲ 35.4% |
| Cash at bank and in hand54/58 | €7,882 | €7 | €6,534 | €6,233 | €610 | ▼ 90.2% |
| Deferred charges and accrued income490/1 | - | - | - | €568 | €467 | ▼ 17.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,754 | €41,134 | €132,317 | €384,844 | €340,073 | ▼ 11.6% |
| Equity10/15 | €7,813 | €13,578 | €126,108 | €169,071 | €182,840 | ▲ 8.1% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | - | - | €20,000 | €20,000 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €1,813 | €7,578 | €120,108 | €143,071 | €156,840 | ▲ 9.6% |
| Amounts payable17/49 | €7,940 | €27,556 | €6,209 | €215,773 | €157,233 | ▼ 27.1% |
| Amounts payable within one year42/48 | €7,940 | €27,556 | €6,209 | €215,773 | €157,233 | ▼ 27.1% |
| Trade debts44 | €443 | €25,076 | €4,240 | €165,905 | €61,259 | ▼ 63.1% |
| Suppliers440/4 | €443 | €25,076 | €4,240 | €165,905 | €61,259 | ▼ 63.1% |
| Taxes, remuneration and social security45 | €511 | €2,479 | €1,969 | €49,868 | €60,974 | ▲ 22.3% |
| Taxes450/3 | €511 | €2,479 | €1,969 | €49,868 | €60,674 | ▲ 21.7% |
| Remuneration and social security454/9 | - | - | - | - | €300 | - |
| Other amounts payable47/48 | €6,987 | - | - | - | €35,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,813 | €5,765 | €112,530 | €68,673 | €63,768 | ▼ 7.1% |
| + Depreciation and write-downs630 | €1,049 | €1,520 | €2,200 | €3,340 | €12,109 | ▲ 263% |
| Operating cash flow (approximation) | €2,862 | €7,284 | €114,730 | €72,013 | €75,878 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | €0 | -€5,181 | -€12,559 | -€28,713 | ▼ 129% |
| Change in cash | - | -€7,874 | €6,526 | -€301 | -€5,623 | ▼ 1,767% |
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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 46 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €150,000Eq €169,071 ▲34.1%
4 profitable years in a row build equity to €169,071.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
13-05
KBO administration
Address struck
event 28-03-2024
2023
31-12
Financial
Highest result since 2021net €112,530 ▲1,852%
Operating result €112,286, net result €112,530, both a record.
31-12
Financial
Liquidity times 14current ratio 20.51
Current ratio from 1.42 to 20.51; short-term debt falls from €27,556 to €6,209.
31-12
Financial
Equity above €100,000Eq €126,108 ▲829%
3 profitable years in a row build equity to €126,108.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Dilbeek · 1 establishment unit since 2020
Ground area
6,547 m²
Building footprint
2,784 m²
Volume, LiDAR
19,864 m³
2 parcels, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IVT CONSTRUCT
since 20202.307.140.743
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0323/00Z000 | Flanders | 5,707 m² | 1 · 2,662 m² | 8.7 m · 2 fl. |
| 23070A0017/02Z000 | Flanders | 839 m² | 1 · 122 m² | 14.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WINGYP
BE 0441.019.408
Aartselaar · Eq €182,823
Les Entreprises Louis Draps
BE 0400.474.002
Vorst · Eq €182,787
Société de construction @EUROPE 93@
BE 0451.148.879
Anderlecht · Eq €182,773
DE STOBBELEIR PASCAL
BE 0447.233.049
Sint-Gillis-Waas · Eq €183,043
BBR-CONSTRUCT
BE 0722.921.006
Gent · Eq €183,060
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,287 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
Founded17-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43990Other specialised construction activities
Contact
E-mail
ivanionascu33@gmail.comTernat
Phone
0487207889Ternat
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754537066
Also
9925:BE0754537066
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.