CASTLE ICE
ActiveCASTLE ICE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.33M and a net result of €424k. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+2
Solvency34=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.34 in 2024), and 82.1% of the assets are financed with debt.
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
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
17.9%
Return on assets
3.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
9 d late
2022
2 d early
2021
3 d early
2020
on the day
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.33M▲ 22.3%
2024 · €1.90M
2020: €7k
2021: €-114k
2022: €887k
2023: €1.57M
2024: €1.90M
2020 → 2025
Total assets
€13.03M▲ 40.8%
2024 · €9.25M
2020: €12k
2021: €290k
2022: €1.65M
2023: €4.60M
2024: €9.25M
2020 → 2025
Net result
€424k▲ 25.9%
2024 · €337k
2020: €-3k
2021: €-120k
2022: €1.00M
2023: €678k
2024: €337k
2020 → 2025
Working capital
€2.35M▲ 193%
2024 · €801k
2020: €2k
2021: €-118k
2022: €462k
2023: €1.12M
2024: €801k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-114k-€887k€1.57M▲ 76.4%€1.90M▲ 21.5%€2.33M▲ 22.3%
Operating result€-120k-€1.25M€923k▼ 26.3%€603k▼ 34.7%€808k▲ 34.0%
Net result€-120k-€1.00M€678k▼ 32.3%€337k▼ 50.3%€424k▲ 25.9%
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 recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.03M
Fixed assets
€5.91M▼ 2.7%
Current assets
€7.12M▲ 124%
Equity and liabilities €13.03M
Equity
€2.33M▲ 22.3%
Debt
€10.71M▲ 45.6%
The debt ratio rises from 79.4% to 82.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.01M▲
2024 · €789k
Cash flow
€630k▲
2024 · €523k
Solvency
17.9%▼
2024 · 20.6%
Current ratio
1.49▲
2024 · 1.34
Quick ratio
1.46▲
2024 · 1.24
Debt / equity
4.60▲
2024 · 3.86
ROE
18.2%▲
2024 · 17.7%
ROA
3.3%▼
2024 · 3.6%
Interest coverage
3.23▼
2024 · 4.07
Debt
€10.71M▲
2024 · €7.35M
Debt ≤ 1 year
€4.77M▲
2024 · €2.37M
Debt > 1 year
€5.94M▲
2024 · €4.98M
Income taxes
€140k▲
2024 · €98k
Staff costs
€267k▲
2024 · €175k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.25M€13.03M▲
Formation expenses20€551€0▼
Fixed assets21/28€6.08M€5.91M▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€1.66M€1.50M▼
Land and buildings22€303k€295k▼
Plant, machinery and equipment23€1.35M€1.19M▼
Furniture and vehicles24€8k€5k▼
Financial fixed assets28€4.42M€4.42M=
Current assets29/58€3.17M€7.12M▲
Amounts receivable after more than one year29€561k€561k=
Other amounts receivable291€561k€561k=
Stocks and contracts in progress3€226k€145k▼
Stocks30/36€226k€145k▼
Amounts receivable within one year40/41€2.38M€6.03M▲
Trade receivables40€321k€236k▼
Other amounts receivable41€2.06M€5.79M▲
Cash at bank and in hand54/58€2k€365k▲
Deferred charges and accrued income490/1€1k€23k▲
Equity and liabilities
Total equity and liabilities10/49€9.25M€13.03M▲
Equity10/15€1.90M€2.33M▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€1.89M€2.32M▲
Amounts payable17/49€7.35M€10.71M▲
Amounts payable after more than one year17€4.98M€5.94M▲
Financial debts170/4€4.98M€5.94M▲
Amounts payable within one year42/48€2.37M€4.77M▲
Current portion of amounts payable after more than one year42€702k€905k▲
Financial debts43-€400k
Credit institutions430/8-€400k
Trade debts44€1.08M€2.14M▲
Suppliers440/4€1.08M€2.14M▲
Taxes, remuneration and social security45€35k€49k▲
Taxes450/3€0€7k▲
Remuneration and social security454/9€35k€42k▲
Other amounts payable47/48€557k€1.28M▲
Income statement
Code20242025
Remuneration, social security and pensions62€175k€267k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€186k€206k▲
Other operating charges640/8€35k€1k▼
Gross operating margin9900€998k€1.28M▲
Operating profit (loss)9901€603k€808k▲
Financial income75/76B€25k€70k▲
Recurring financial income75€25k€70k▲
Financial charges65/66B€194k€314k▲
Recurring financial charges65€194k€314k▲
Profit (loss) for the period before taxes9903€435k€564k▲
Income taxes67/77€98k€140k▲
Profit (loss) for the period9904€337k€424k▲
Profit (loss) for the period to be appropriated9905€337k€424k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.89M€2.32M▲
Profit (loss) brought forward from the previous period14P€1.56M€1.89M▲
Social balance
Average headcount (FTE)90874.45.8▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €2MEq €2.33M ▲22.3%
4 profitable years in a row build equity to €2.33M.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Equity above €1MEq €1.57M ▲76.4%
2 profitable years in a row build equity to €1.57M.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €1.00M
Net result €1.00M after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.61
Current ratio from 0.71 to 1.61.
30-09
Financial
Equity above €500kEq €887k
Equity rises from €-114k to €887k.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-120k
Net result drops to €-120k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oudenaarde · 1 establishment unit since 2019
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.
Paalstraat 109700 OudenaardeGround area
1.5 ha
Building footprint
8,159 m²
Parcel 45508B0068/00T004, Flanders. Linked by address, not a title deed.
1 establishment unit
CASTLE ICE
since 20192.298.034.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508B0068/00T004 | Flanders | 1.5 ha | 1 · 8,159 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 39,765 EUR awarded · 39,765 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 15,733 EUR |
| 2024 | 2 | 223 EUR | 23,822 EUR |
| 2023 | 2 | 39,542 EUR | 210 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.298.034.918
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Of 606 companies in sector 10520 we hold annual accounts for 234. 44 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2019
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
35300Electricity, gas, steam and air conditioning supply
46647Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.