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IWAAL Construction

Active
Private limited company (pre-2019)founded 2017active for 9 yearsChaussée de Ramet(IVR) 155, 4400 Flémalle, BelgiumKBO/BCE: BE 0668.730.173

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

IWAAL Construction has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,707) and a net result of €10,512. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 22% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

KBO
Status
Active since 04-01-2017 Normal situation
Activity
Other non-specialised retail sale NACE 47120and 2 others
Establishment unit
2.259.969.544 4400 Flémalle, since 04-01-2017
Financial year end
30 June
Peppol
Reachable since 26-12-2025

Board and ownership

Board
  • FARINA FabriceDirector · since 04-01-2017

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts to 30-06-2025
Gross margin
€19,362
▼ 57.1%
Turnover
≈ €200,000
estimated
Profit
€10,512
▼ 62.7%
Equity
-€3,707
▲ 73.9%
Total assets
€399,401
▼ 23.0%
Filed on 20-01-2026, 11 days before the deadlinePDF
Score breakdownraises riskCapped at 59: negative equityNegative equity -€3,707Sector: Retail trade (NACE 47)lowers riskSize: total assets €399,401Liquidity: current ratio 0.99, cash €95,603Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 42% of micro companies in retail trade (NACE 47)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 24+2
equity -0.9% of total assets
Liquidity 30+29
short-term debt 100.9% · cash 23.9%
Profitability 41-10
return on assets 2.6%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 1.3% 12-2024: 1.2%▼ -0.1 percentage points vs 11-2024 01-2025: 1.4%▲ +0.2 percentage points vs 12-2024 02-2025: 1.7%▲ +0.3 percentage points vs 01-2025highest value 03-2025: 0.8%▼ -0.9 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.9%▲ +0.1 percentage points vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 1.0%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▼ -0.4 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026lowest value 08-2026: 0.6%● unchanged vs 07-2026lowest value 09-2026: 0.6%● unchanged vs 08-2026lowest value 10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.99 (0.98 in 2024), below 1. Short-term debt is 100.9% and cash 23.9% of total assets. Equity is negative.
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 47, micro). It does better than 19% of them on solvency, 27% on liquidity, 31% on profitability and 90% on growth.

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. 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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€3,707
NBB · annual accounts
lowers risk · Size: total assets €399,401
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Liquidity: current ratio 0.99, cash €95,603
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 22726 sector peers (2025).
NBB · sector comparison
Position among 22726 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
11 days early
2024
3 days late
2023
2 days early
2022
3 days early
2021
4 days early
2020
3 days early
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€3,707 View
  • Caution: Less equity than 80% of companies in retail tradesector median €41,216 · 22,767 companies -€3,707 View

Comparable companies

These companies have the same main activity as IWAAL Construction: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €306,000 and €644,000, founded between 2015 and 2017.

CompanyTotal assetsGross margin
IWAAL Construction Flémalle€399,401€19,362
REDTOUCH Havelange€381,448€22,300
UNE MARCHE A LA FOIS Châtelet€306,313€24,267
CORTY SERVICES Ferrières€643,617€14,098
Ragotto Waregem€314,007€24,633
KENKENKEN Antwerpen€394,732€35,819
bru.digital Laarne€359,085€26,146
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about IWAAL Construction

What is the company number of IWAAL Construction?
The company number of IWAAL Construction is 0668.730.173. The VAT number is the same number with BE in front: BE 0668.730.173.
Where is IWAAL Construction based?
The registered office is at Chaussée de Ramet(IVR) 155, 4400 Flémalle.Company details
What does IWAAL Construction do?
According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
What is the legal form of IWAAL Construction?
The legal form of IWAAL Construction is Private limited company (pre-2019) (BVBA).
When was IWAAL Construction founded?
IWAAL Construction was founded on 04-01-2017.
Is IWAAL Construction still active?
Yes, IWAAL Construction is an active enterprise in the KBO register.
What is the turnover of IWAAL Construction?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €19,362 and 33 comparable companies (NACE 47120). It probably lies between €100,000 and €430,000. It is a rough estimate.Financials
Is IWAAL Construction profitable?
In financial year 2025, IWAAL Construction made a profit of €10,512.
Where can I find the annual accounts of IWAAL Construction?
IWAAL Construction filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of IWAAL Construction due?
IWAAL Construction must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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