I-CROS
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2024
28 d late
2023
14 d late
2022
7 d late
2021
3 d early
2020
2 d early
2019
22 d early
2018
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Nuclys · 450 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
€446,656▼ 12.5%
2023 · €510,286
EBIT margin
1.2%▲ 0.3pp
2023 · 0.9%
Net result
€10.1m▲ 17,176%
2023 · €58,184
Working capital
-€132,593
2023 · €2.0m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€4.5m▼ 28.7%€804,974▼ 82.0%€472,402▼ 41.3%€510,286▲ 8.0%€446,656▼ 12.5%
Operating result€16,827▼ 86.9%-€129€15,957€4,606▼ 71.1%€5,423▲ 17.7%
Net result€11,848▼ 88.9%-€29,024€1.7m€58,184▼ 96.6%€10.1m▲ 17,176%
EBIT margin0.4%▼ 1.7pp0.0%▼ 0.4pp3.4%▲ 3.4pp0.9%▼ 2.5pp1.2%▲ 0.3pp
Equity€1.6m▲ 0.8%€1.6m▼ 1.8%€3.3m▲ 111%€3.3m▲ 1.8%€1.4m▼ 58.4%
Total assets€2.8m▼ 2.7%€3.0m▲ 8.2%€3.9m▲ 28.6%€4.3m▲ 9.5%€11.6m▲ 173%
Debt€1.2m▼ 6.8%€1.5m▲ 21.3%€613,774▼ 58.4%€924,982▲ 50.7%€10.2m▲ 1,006%
Working capital-€588,299-€1.4m▼ 141%€2.7m€2.0m▼ 27.9%-€132,593
Staff (FTE)0.7▼ 12.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 18% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.6m
Fixed assets
€1.5m ▲ 0.2%
Current assets
€10.1m ▲ 268%
Equity and liabilities €11.6m
Equity
€1.4m ▼ 58.4%
Debt
€10.2m ▲ 1,006%
Debt's share of the balance-sheet total rises from 21.7% to 88.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.99▼
2023 · 3.54
Debt to equity
7.36▲
2023 · 0.28
ROE
723.1%▲
2023 · 1.7%
ROA
86.5%▲
2023 · 1.4%
Debt ≤ 1 year
€10.2m▲
2023 · €774,982
Income taxes
€19,412▼
2023 · €20,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4.5m | €804,974 | €472,402 | €510,286 | €446,656 | ▼ 12.5% |
| Non-recurring operating income76A | - | - | €20,148 | €2,269 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €809,949 | €475,472 | €506,395 | €439,988 | ▼ 13.1% |
| Remuneration, social security and pensions62 | - | €1,277 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,450 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€7,207 | - | - | - | - |
| Other operating charges640/8 | - | €1,135 | €1,121 | €1,554 | €1,246 | ▼ 19.9% |
| Gross operating margin9900 | €70,505 | -€4,924 | €17,078 | €6,160 | €6,669 | ▲ 8.3% |
| Operating profit (loss)9901 | €16,827 | -€129 | €15,957 | €4,606 | €5,423 | ▲ 17.7% |
| Financial income75/76B | - | - | €1.7m | €74,074 | €10.1m | ▲ 13,489% |
| Recurring financial income75 | €834 | - | €2,081 | €74,074 | €65,918 | ▼ 11.0% |
| Non-recurring financial income76B | - | - | €1.7m | - | €10.0m | - |
| Financial charges65/66B | - | €29,060 | €18,779 | €95 | €104 | ▲ 9.1% |
| Recurring financial charges65 | €505 | €29,060 | €18,779 | €95 | €104 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €17,156 | -€29,189 | €1.7m | €78,584 | €10.1m | ▲ 12,716% |
| Income taxes67/77 | €5,308 | -€164 | - | €20,400 | €19,412 | ▼ 4.8% |
| Profit (loss) for the period9904 | €11,848 | -€29,024 | €1.7m | €58,184 | €10.1m | ▲ 17,176% |
| Profit (loss) for the period to be appropriated9905 | €11,848 | -€29,024 | €1.7m | €58,184 | €10.1m | ▲ 17,176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.0m | €3.9m | €4.3m | €11.6m | ▲ 173% |
| Fixed assets21/28 | €2.2m | €3.0m | €1.0m | €1.5m | €1.5m | ▲ 0.2% |
| Financial fixed assets28 | €2.2m | €3.0m | €1.0m | €1.5m | €1.5m | ▲ 0.2% |
| Current assets29/58 | €628,585 | €58,234 | €2.8m | €2.7m | €10.1m | ▲ 268% |
| Amounts receivable within one year40/41 | €528,633 | €48,294 | €2.8m | €2.7m | €10.1m | ▲ 269% |
| Trade receivables40 | - | €48,294 | €77,719 | €185,782 | €77,793 | ▼ 58.1% |
| Other amounts receivable41 | - | - | €2.8m | €2.6m | €10.0m | ▲ 292% |
| Cash at bank and in hand54/58 | €99,063 | €9,853 | €5,004 | €5,004 | €1,895 | ▼ 62.1% |
| Deferred charges and accrued income490/1 | - | €87 | €66 | €66 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.0m | €3.9m | €4.3m | €11.6m | ▲ 173% |
| Equity10/15 | €1.6m | €1.6m | €3.3m | €3.3m | €1.4m | ▼ 58.4% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €1.3m | €1.3m | €3.0m | €3.1m | €1.1m | ▼ 63.1% |
| Non-distributable reserves130/1 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Distributable reserves133 | - | €1.3m | €3.0m | €3.1m | €1.1m | ▼ 63.7% |
| Profit (loss) carried forward14 | €901 | €877 | €97 | €282 | €2,107 | ▲ 648% |
| Amounts payable17/49 | €1.2m | €1.5m | €613,774 | €924,982 | €10.2m | ▲ 1,006% |
| Amounts payable after more than one year17 | - | - | €500,000 | €150,000 | - | - |
| Other amounts payable178/9 | - | - | €500,000 | €150,000 | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.5m | €113,774 | €774,982 | €10.2m | ▲ 1,220% |
| Current portion of amounts payable after more than one year42 | - | - | - | €650,000 | €150,000 | ▼ 76.9% |
| Trade debts44 | €1.1m | €113,922 | €113,774 | €104,582 | €60,507 | ▼ 42.1% |
| Suppliers440/4 | - | €113,922 | €113,774 | €104,582 | €60,507 | ▼ 42.1% |
| Taxes, remuneration and social security45 | - | €9,847 | - | €20,400 | €19,445 | ▼ 4.7% |
| Taxes450/3 | - | €5,448 | - | €20,400 | €19,445 | ▼ 4.7% |
| Remuneration and social security454/9 | - | €4,399 | - | - | - | - |
| Other amounts payable47/48 | - | €1.4m | - | - | €10.0m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,848 | -€29,024 | €1.7m | €58,184 | €10.1m | ▲ 17,176% |
| + Depreciation and write-downs630 | €1,450 | - | - | - | - | - |
| Operating cash flow (approximation) | €13,297 | -€29,024 | €1.7m | €58,184 | €10.1m | ▲ 17,176% |
| Investment in fixed assets (approximation) | - | -€800,000 | €1.9m | -€470,000 | -€3,100 | ▲ 99.3% |
| Change in cash | - | -€89,210 | -€4,849 | -€0 | -€3,109 | ▼ 5,181,267% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-07
State Gazette act
General meeting · Merger
Capital increase · Auditor reappointment
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €10.1m ▲17,176%
Net result €10.1m, the highest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Back to profitnet €1.7m
Net result €1.7m after one loss-making year.
31-12
Financial
Liquidity times 633current ratio 25.00
Current ratio from 0.04 to 25.00; short-term debt falls from €1.5m to €113,774.
31-12
Financial
Equity above €2mEq €3.3m ▲111%
Equity rises from €1.6m to €3.3m.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€29,024
Net result drops to -€29,024, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Nuclys
- De Cronos Groep
- I-CROS
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2024 annual accounts of I-CROS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Contribute Group