IBN CONSTRUCT

Active

Private limited companyfounded 20215 yrs activeEmile Carpentierstraat 37, 1070 Anderlecht, BelgiumKBO/BCE: BE 0770.987.870

Summary

The computed 12-month bankruptcy probability of IBN CONSTRUCT is 2.6% (moderate). The 2024 annual accounts show negative equity (€-6k) and a net result of €-57k. Equity is shrinking by ~58.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 19357 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

21 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-80

Solvency17▼-42

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.13 against 1.73 in 2023; short-term debt: 81% and cash: 4.8% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-7.7%

Return on assets

-71.4%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-6k

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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

64 d late

2022

137 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-6k

2023 · €51k

2022: €38k 2023: €51k

2022 → 2024

Total assets

€80k▼ 47.4%

2023 · €152k

2022: €186k 2023: €152k

2022 → 2024

Net result

€-57k

2023 · €13k

2022: €58k 2023: €13k

2022 → 2024

Working capital

€9k▼ 85.3%

2023 · €59k

2022: €33k 2023: €59k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€38k-€51k▲ 34.9%€-6k

Operating result€69k-€19k▼ 72.8%€-57k

Net result€58k-€13k▼ 77.2%€-57k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €57k after €19k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €80k

91.7%

Fixed assets €7k ▼ 52.6%

Current assets €74k ▼ 46.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-50k▼

2023 · €26k

Cash flow

€-50k▼

2023 · €21k

Solvency

-7.7%▼

2023 · 33.5%

Current ratio

1.13▼

2023 · 1.73

Debt to equity

-14.02▼

2023 · 1.98

ROA

-71.4%▼

2023 · 8.7%

Interest coverage

-34.86▼

2023 · 13.67

Debt

€86k▼

2023 · €101k

Debt ≤ 1 year

€65k▼

2023 · €80k

Debt > 1 year

€21k=

2023 · €21k

Income taxes

€-525▼

2023 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€152k€80k▼

Fixed assets21/28€14k€7k▼

Tangible fixed assets22/27€13k€6k▼

Furniture and vehicles24€7k€2k▼

Leasing and similar rights25€6k€4k▼

Financial fixed assets28€800€800=

Current assets29/58€138k€74k▼

Amounts receivable within one year40/41€112k€67k▼

Trade receivables40€108k€33k▼

Other amounts receivable41€4k€34k▲

Cash at bank and in hand54/58€26k€4k▼

Deferred charges and accrued income490/1€680€2k▲

Equity and liabilities

Total equity and liabilities10/49€152k€80k▼

Equity10/15€51k€-6k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€46k€-11k▼

Amounts payable17/49€101k€86k▼

Amounts payable after more than one year17€21k€21k=

Financial debts170/4€21k€21k=

Amounts payable within one year42/48€80k€65k▼

Current portion of amounts payable after more than one year42€2k-

Trade debts44€50k€52k▲

Suppliers440/4€50k€52k▲

Taxes, remuneration and social security45€24k€13k▼

Taxes450/3€24k€13k▼

Other amounts payable47/48€3k-

Income statement Code20232024

Non-recurring operating income76A-€3k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼

Other operating charges640/8€3k€1k▼

Non-recurring operating charges66A€7k-

Gross operating margin9900€36k€-48k▼

Operating profit (loss)9901€19k€-57k▼

Financial income75/76B€571€570▼

Recurring financial income75€571€570▼

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€17k€-58k▼

Income taxes67/77€4k€-525▼

Profit (loss) for the period9904€13k€-57k▼

Profit (loss) for the period to be appropriated9905€13k€-57k▼

Appropriation of the result

Profit (loss) to be appropriated9906€46k€-11k▼

Profit (loss) brought forward from the previous period14P€33k€46k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Gazette 1Filings 3

2026

21-08

State Gazette act Resignation: Saad Arbia (director)

Appointment: MARINOV ROSEN IVANOV (director) · Director discharge · Registered-office move5 facts ▸

General meeting, 01-10-2025
Director resignation, Saad Arbia (director)
Director appointment, MARINOV ROSEN IVANOV (director)
Director discharge, Saad Arbia
Registered-office move, 37, Rue Emile Carpentier à 1070 Anderlecht, Bruxelles - Belgique

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

31-12

Financial Weakest financial yearnet €-57k ▼533%

Net result drops to €-57k, the lowest in the series.

03-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 64 days late

2023

15-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 137 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2025

MARINOV ROSEN IVANOV

Director · since 01-10-2025

Current

01-10-2025 MARINOV ROSEN IVANOV: Appointed as Director

01-10-2025 Saad Arbia: Resigned as Director

Location & real-estate footprint

Registered office, Anderlecht

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.

Emile Carpentierstraat 371070 Anderlecht

Ground area

203 m²

Building footprint

198 m²

Volume, LiDAR

2,289 m³

Parcel 21305C0253/00Z015, Brussels · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21305C0253/00Z015	Brussels	203 m²	1 · 198 m²	17.5 m · 4 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.

Similar companies · same sector, comparable size

Ham-sur-Heure-Nalinnes · Eq €51,150

4D Build

BE 0645.979.220

Temse · Eq €51,110

Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-07-2021

Fiscal year end31-12

Activities, NACEBEL 2025

68121Development of residential building projects

41001General construction of residential buildings

43110Demolition

43221Plumbing work

43910Bricklaying and masonry work

43990Other specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.