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IYAD CONSTRUCT

Active
Private limited companyfounded 2023active for 2 yearsThiéfrystraat 33, 1030 Schaarbeek, BelgiumKBO/BCE: BE 1002.062.458

Financials · financial year 2025, micro format

2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479828.

Annual accounts 2025 filed on 27-08-2026 at the NBB all 2 filings

Turnover
€252,778
EBIT margin
0.6%
Net result
€1,051▼ 80.2%
2024 · €5,318
Working capital
€6,369▼ 51.4%
2024 · €13,118
Multi-year overview
2024 to 2025, 2 financial years
Turnover
€252,778
2025
20242025
Operating result
€1,511
▼ 78.7% 2025
20242025
Net result
€1,051
▼ 80.2% 2025
middle half of the sector
20242025
EBIT margin
0.6%
2025
20242025
Equity
€6,369
▲ 19.8% 2025
lowest quarter of the sector
20242025
Total assets
€43,224
▲ 47.8% 2025
lowest quarter of the sector
20242025
Debt
€36,856
▲ 54.0% 2025
20242025
Working capital
€6,369
▼ 51.4% 2025
middle half of the sector
20242025
Solvency
14.7%
▼ 3.4pp 2025
lowest quarter of the sector
20242025
Current ratio
1.17
▼ 0.64 2025
middle half of the sector
20242025
Return on assets (ROA)
2.4%
▼ 15.7pp 2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Turnover€252,778
Operating result€7,090-€1,511▼ 78.7%
Net result€5,318within the sector's middle half-€1,051within the sector's middle half▼ 80.2%
EBIT margin0.6%
Equity€5,318below the sector's middle half-€6,369below the sector's middle half▲ 19.8%
Total assets€29,251below the sector's middle half-€43,224below the sector's middle half▲ 47.8%
Debt€23,934-€36,856▲ 54.0%
Working capital€13,118within the sector's middle half-€6,369within the sector's middle half▼ 51.4%
Solvency18.2%below the sector's middle half-14.7%below the sector's middle half▼ 3.4pp
Current ratio1.81within the sector's middle half-1.17within the sector's middle half▼ 0.64
Return on assets (ROA)18.2%above the sector's middle half-2.4%within the sector's middle half▼ 15.7pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 79% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43,224
Equity €6,369 ▲ 19.8%
Debt €36,856 ▲ 54.0%
Debt's share of the balance-sheet total rises from 81.8% to 85.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
5.79▲
2024 · 4.50
ROE
16.5%▼
2024 · 100.0%
Debt ≤ 1 year
€36,856▲
2024 · €16,134
Income taxes
€831▼
2024 · €1,773
Customer credit
25 days
Supplier credit
49 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€29,251€43,224▲
Current assets29/58€29,251€43,224▲
Amounts receivable within one year40/41€1,248€36,427▲
Trade receivables40-€17,550
Other amounts receivable41€1,248€18,877▲
Cash at bank and in hand54/58€28,004€6,797▼
Equity and liabilities
Total equity and liabilities10/49€29,251€43,224▲
Equity10/15€5,318€6,369▲
Contributions10/11€0-
Capital10€0-
Issued capital100€2,000-
Uncalled capital101€2,000-
Profit (loss) carried forward14€5,318€6,369▲
Amounts payable17/49€23,934€36,856▲
Amounts payable within one year42/48€16,134€36,856▲
Trade debts44-€33,848
Suppliers440/4-€33,848
Taxes, remuneration and social security45€16,134€3,008▼
Taxes450/3€2,004€3,008▲
Remuneration and social security454/9€14,130-
Accrued charges and deferred income492/3€7,800-
Income statement Code20242025
Turnover70-€252,778
Goods, raw materials, services and sundry goods60/61-€250,856
Other operating charges640/8-€411
Gross operating margin9900€7,090€1,922▼
Operating profit (loss)9901€7,090€1,511▼
Financial income75/76B-€511
Recurring financial income75-€511
Financial charges65/66B€0€141▲
Recurring financial charges65€0€141▲
Profit (loss) for the period before taxes9903€7,090€1,882▼
Income taxes67/77€1,773€831▼
Profit (loss) for the period9904€5,318€1,051▼
Profit (loss) for the period to be appropriated9905€5,318€1,051▼
Appropriation of the result
Profit (loss) to be appropriated9906€5,318€6,369▲
Profit (loss) brought forward from the previous period14P-€5,318

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Line20242025Change
Turnover70-€252,778-
Goods, raw materials, services and sundry goods60/61-€250,856-
Other operating charges640/8-€411-
Gross operating margin9900€7,090€1,922▼ 72.9%
Operating profit (loss)9901€7,090€1,511▼ 78.7%
Financial income75/76B-€511-
Recurring financial income75-€511-
Financial charges65/66B€0€141▲ 937×
Recurring financial charges65€0€141▲ 937×
Profit (loss) for the period before taxes9903€7,090€1,882▼ 73.5%
Income taxes67/77€1,773€831▼ 53.1%
Profit (loss) for the period9904€5,318€1,051▼ 80.2%
Profit (loss) for the period to be appropriated9905€5,318€1,051▼ 80.2%
Line20242025Change
Assets
Total assets20/58€29,251€43,224▲ 47.8%
Current assets29/58€29,251€43,224▲ 47.8%
Amounts receivable within one year40/41€1,248€36,427▲ 29×
Trade receivables40-€17,550-
Other amounts receivable41€1,248€18,877▲ 15×
Cash at bank and in hand54/58€28,004€6,797▼ 75.7%
Equity and liabilities
Total equity and liabilities10/49€29,251€43,224▲ 47.8%
Equity10/15€5,318€6,369▲ 19.8%
Contributions10/11€0--
Capital10€0--
Issued capital100€2,000--
Uncalled capital101€2,000--
Profit (loss) carried forward14€5,318€6,369▲ 19.8%
Amounts payable17/49€23,934€36,856▲ 54.0%
Amounts payable within one year42/48€16,134€36,856▲ 128%
Trade debts44-€33,848-
Suppliers440/4-€33,848-
Taxes, remuneration and social security45€16,134€3,008▼ 81.4%
Taxes450/3€2,004€3,008▲ 50.1%
Remuneration and social security454/9€14,130--
Accrued charges and deferred income492/3€7,800--
Line20242025Change
Profit (loss) for the period9904€5,318€1,051▼ 80.2%
Operating cash flow (approximation)€5,318€1,051▼ 80.2%
Change in cash--€21,207-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,542 companies had the same profile as IYAD CONSTRUCT has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
94.9% was still going
1.2% stopped otherwise
3.5% went bankrupt

Another 0.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of IYAD CONSTRUCT itself is higher: 8.0% within 12 months. It rests on far more data about IYAD CONSTRUCT than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,542 companies, not a prediction for IYAD CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 27-08-2026 2026-00479828 PDF
31-12-2024 micro format 23-04-2026 2026-00087411 PDF

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