Izet Construct
ActiveIzet Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €34k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+14
Solvency48▼-41
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 3.26 in 2023; short-term debt: 39% and cash: 2.3% of total assets), and 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
57 d late
2022
29 d late
2021
75 d late
2020
62 d late
2019
194 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€166k▲ 25.9%
2023 · €132k
2018: €36k
2019: €8k
2020: €48k
2021: €77k
2022: €83k
2023: €132k
2018 → 2024
Total assets
€725k▲ 250%
2023 · €207k
2018: €286k
2019: €134k
2020: €213k
2021: €396k
2022: €279k
2023: €207k
2018 → 2024
Net result
€34k
2023 · €-3k
2019: €-8k
2020: €40k
2021: €29k
2022: €6k
2023: €-3k
2019 → 2024
Working capital
€2k▼ 97.1%
2023 · €80k
2018: €-63k
2019: €-110k
2020: €26k
2021: €34k
2022: €26k
2023: €80k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€77k▲ 61.3%€83k▲ 7.7%€132k▲ 59.2%€166k▲ 25.9%
Operating result€48k-€41k▼ 14.2%€12k▼ 71.0%€3k▼ 78.7%€54k▲ 2,035%
Net result€40k-€29k▼ 26.8%€6k▼ 79.7%€-3k€34k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,035% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €725k
Fixed assets
€440k▲ 382%
Current assets
€285k▲ 147%
Equity and liabilities €725k
Equity
€166k▲ 25.9%
Debt
€559k▲ 645%
The debt ratio rises from 36.2% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▲
2023 · €25k
Cash flow
€61k▲
2023 · €20k
Solvency
22.9%▼
2023 · 63.8%
Current ratio
1.01▼
2023 · 3.26
Quick ratio
1.01▼
2023 · 3.26
Debt / equity
3.36▲
2023 · 0.57
ROE
20.6%▲
2023 · -2.1%
ROA
4.7%▲
2023 · -1.3%
Interest coverage
14.97▲
2023 · 5.32
Debt
€559k▲
2023 · €75k
Debt ≤ 1 year
€283k▲
2023 · €36k
Debt > 1 year
€275k▲
2023 · €39k
Income taxes
€16k▲
2023 · €3k
Staff costs
€25k▲
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€207k€725k▲
Fixed assets21/28€91k€440k▲
Tangible fixed assets22/27€91k€439k▲
Land and buildings22-€371k
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€87k€65k▼
Financial fixed assets28€450€450=
Current assets29/58€116k€285k▲
Amounts receivable after more than one year29€25k€25k=
Trade receivables290€25k€25k=
Amounts receivable within one year40/41€78k€242k▲
Trade receivables40€43k€9k▼
Other amounts receivable41€35k€233k▲
Cash at bank and in hand54/58€9k€17k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€207k€725k▲
Equity10/15€132k€166k▲
Contributions10/11€12k€12k=
Reserves13€57k€57k=
Tax-exempt reserves132€52k€52k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€62k€97k▲
Amounts payable17/49€75k€559k▲
Amounts payable after more than one year17€39k€275k▲
Financial debts170/4€39k€275k▲
Amounts payable within one year42/48€36k€283k▲
Current portion of amounts payable after more than one year42€20k€34k▲
Trade debts44€9k€222k▲
Suppliers440/4€9k€222k▲
Taxes, remuneration and social security45€7k€28k▲
Taxes450/3€7k€28k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€16k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€27k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€381€946▲
Gross operating margin9900€43k€110k▲
Operating profit (loss)9901€3k€54k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-163€50k▲
Income taxes67/77€3k€16k▲
Profit (loss) for the period9904€-3k€34k▲
Profit (loss) for the period to be appropriated9905€-3k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€97k▲
Profit (loss) brought forward from the previous period14P€65k€62k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Equity above €150kEq €166k ▲25.9%
Equity rises from €132k to €166k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.26
Current ratio from 1.43 to 3.26; short-term debt falls from €60k to €36k.
31-12
Financial
Equity above €100kEq €132k ▲59.2%
Equity rises from €83k to €132k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 194 days late
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 1.36
Current ratio from 0.13 to 1.36; short-term debt falls from €126k to €73k.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Genesius-Rode · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hallesesteenweg 111640 Sint-Genesius-RodeGround area
273 m²
Building footprint
115 m²
Volume, LiDAR
808 m³
Parcel 22004D0018/00Z000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Izet Construct
since 20172.261.075.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004D0018/00Z000 | Flanders | 273 m² | 1 · 115 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,891 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43350Other building finishing work
43410Roofing work
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.