Result
-€523,662 -€523,662
From profit to loss in 2025, after a profit of €221,329 in 2024.
icapps
Lifetime
15 annual accounts with figures on one time axispeak €12.6m (2022)
€9.3m▼ 15.0%
lowest -€523,662 (2025)
-€523,662▼ €744,991
peak €1.6m (2024)
€1.0m▼ 33.6%
€1.5m▼ 23.6%
peak 73.2 FTE (2022)
55.3 FTE▼ 9.6%
Board10 names since 2019
-
Owners7 names in the annual accountsall names
100%Divirsiti and 1 other
Documentsfilings and deeds
26-08-202626 days late
2025financial year
Turnover from €10.9m to €9.3mLoss of €523,662Staff from 61.2 FTE to 55.3 FTEEquity from €1.6m to €1.0mDebts from €2.0m to €1.5mCash from €265,076 to €34,350
Key points
from the 2025 annual accountsInvestments
€22,206 0.1 × depreciation
Green is investment, beige is depreciation.
Staff
53 employees on 31-12-2025
In 2025, 10 people joined and 16 left.
Filings
15 annual accounts 16 filings since 2011
Six of the last ten came late. The 2017 accounts came latest: 28 days after the end of the period.
At the same address
25 companies
Position in the sector
-€523,662
Lower net result than 93% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
Checked score
68
Healthy
Financially stronger than 15% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.1%▼ -0.3 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €523,662 (financial year 2025)
Liquidity: current ratio 1.89, cash €34,350, halved
lowers risk
Figures for financial year 2025 (filed on 02-09-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, medium-sized). It does better than 34% of them on solvency, 13% on liquidity, 2% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 147 companies had the same profile as icapps has now. Each dot is one company, two years later.
91.8%
were still trading
5.4%
stopped another way
2.0%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of icapps itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 147 companies, not a prediction for icapps. 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.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (2.06 in 2024), above the usual 1.5. Short-term debt is 48.4% and cash 1.3% of total assets. However, 59.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
22 days late
2023
7 days early
2022
3 days late
2021
3 days late
2021
46 days early
2020
47 days early
← 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 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known boardVG
VAN GEMERT CONSULTING BV
Director, until 2024
- Divirsiti 100%score 85equity €14.8m (2025) · annual accounts 2025
- De Cronos Groep consolidatedequity €47.8m (2026) · LEI register
Recent changes
Resignation: VAN GEMERT CONSULTING BV (director)
Permanent representative: Kristof Van Gemert · General meeting of 29-07-2024 · Gazette deed
1 statutory auditor reappointed
Permanent representatives: Filip De Bock and Dieter Van Loock · KPMG Bedrijfsrevisoren CVBA (statutory auditor) · General meeting of 02-03-2023 · Gazette deed
1 director appointed, 1 resignation
Appointment: VAN GEMERT CONSULTING BV BV · Permanent representatives: Kristof Van Gemert, Olivier Dupont and Dirk Deroost · Resignation: Lirhwise BV · General meeting of 31-08-2022 · Gazette deed
1 director resigning
SmartApps NV · Permanent representatives: Wim Bijnens and Dirk Deroost · Director discharge: SmartApps NV · General meeting of 21-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| icapps Antwerp | €2.6m | €4.1m | 40.5% | 55.3 |
| ABSOLEM ENGINEERS Mechelen | €2.5m | €5.3m | 3.2% | 57.8 |
| SHUNGHAM INFORMATION Brussels | €2.6m | €4.0m | 9.7% | 43.8 |
| Muntpunt Brussels | €3.2m | €4.3m | 66.8% | 55.1 |
| SPARKLINK Antwerp | €2.4m | €3.5m | 45.1% | 42.9 |
| AKKERMANS & PARTNERS Antwerp | €2.4m | €3.7m | 9.1% | 63.6 |
| MindCapture Antwerp | €3.2m | €3.8m | 75.5% | 36.7 |
These companies have the same main activity as icapps: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.4m and €3.2m, founded between 2004 and 2012.
Official details
Source: KBO- Status
- Active since 07-10-2009Normal situation
- Registered office
- 26 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 6 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.181.813.3772000 Antwerp, since 07-10-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €2.6m▼ 27.9%
- Employeeson 31-12-2025
- 53▼ 10.2%
- Filing
- Filed on 26-08-2026
Companies linked to icapps
Parent and group
Insights on icapps
icapps has existed since 2009. Turnover grew from €4.6m in 2016 to €9.3m in 2025 and staff from 24.9 to 55.3 full-time equivalents.
Turnover has fallen every year since 2022.
Divirsiti holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about icapps
- What is the company number of icapps?
- The company number of icapps is 0819.575.764. The VAT number is the same number with BE in front: BE 0819.575.764.
- Where is icapps based?
- The registered office is at Rijnkaai 100, 2000 Antwerp.Company details
- What does icapps do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of icapps?
- icapps is a public limited company (NV).
- When was icapps founded?
- icapps was founded on 07-10-2009.
- Is icapps still active?
- Yes, icapps is an active enterprise in the KBO register.
- How many employees does icapps have?
- icapps had an average of 55.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does icapps fall under?
- In its 2025 annual accounts, icapps states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of icapps?
- The turnover of icapps was €9.3m in financial year 2025, according to the filed annual accounts.
- Is icapps profitable?
- In financial year 2025, icapps made a loss of €523,662.
- Where can I find the annual accounts of icapps?
- icapps filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of icapps due?
- icapps must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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