I.CY
ActiveSummary
The computed 12-month bankruptcy probability of I.CY is 2.2% (moderate). The 2025 annual accounts show equity of €145k and a net result of €11k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 7058 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-17
Solvency100▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 9.48 against 3.18 in 2024; short-term debt: 7.8% and cash: 28.4% of total assets), and 7.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
92.2%
Return on assets
6.9%
Age of the figures
9 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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
61 d early
2023
54 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€145k▲ 8.0%
2024 · €134k
2023: €97klowest in 3 years
2024: €134k▲ +39.2% vs 2023
2025: €145k▲ +8.0% vs 2024highest in 3 years
2023 → 2025
Total assets
€157k▼ 14.4%
2024 · €184k
2023: €142klowest in 3 years
2024: €184k▲ +29.8% vs 2023highest in 3 years
2025: €157k▼ -14.4% vs 2024
2023 → 2025
Net result
€11k▼ 71.4%
2024 · €38k
2023: €93khighest in 3 years
2024: €38k▼ -59.1% vs 2023
2025: €11k▼ -71.4% vs 2024lowest in 3 years
2023 → 2025
Working capital
€105k▼ 3.4%
2024 · €108k
2023: €89klowest in 3 years
2024: €108k▲ +21.6% vs 2023highest in 3 years
2025: €105k▼ -3.4% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€97k-€134k▲ 39.2%€145k▲ 8.0%
2023: €97klowest in 3 years
2024: €134k▲ +39.2% vs 2023
2025: €145k▲ +8.0% vs 2024highest in 3 years
Operating result€124k-€47k▼ 62.4%€12k▼ 75.3%
2023: €124khighest in 3 years
2024: €47k▼ -62.4% vs 2023
2025: €12k▼ -75.3% vs 2024lowest in 3 years
Net result€93k-€38k▼ 59.1%€11k▼ 71.4%
2023: €93khighest in 3 years
2024: €38k▼ -59.1% vs 2023
2025: €11k▼ -71.4% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€41k ▲ 55.8%
Current assets
€117k ▼ 26.0%
Equity and liabilities €157k
Equity
€145k ▲ 8.0%
Debt
€12k ▼ 75.2%
Debt's share of the balance-sheet total falls from 27.0% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €49k
Cash flow
€17k▼
2024 · €40k
Current ratio
9.48▲
2024 · 3.18
Debt to equity
0.08▼
2024 · 0.37
ROE
7.4%▼
2024 · 28.1%
ROA
6.9%▼
2024 · 20.6%
Interest coverage
198.22▼
2024 · 251.12
Debt ≤ 1 year
€12k▼
2024 · €50k
Income taxes
€1k▼
2024 · €10k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€184k€157k▼
Fixed assets21/28€26k€41k▲
Intangible fixed assets21€11k€9k▼
Tangible fixed assets22/27€15k€32k▲
Furniture and vehicles24€2k€2k▲
Other tangible fixed assets26€12k€30k▲
Assets under construction and advance payments27€1k-
Current assets29/58€158k€117k▼
Amounts receivable within one year40/41€21k-
Trade receivables40€21k-
Current investments50/53€61k€72k▲
Cash at bank and in hand54/58€76k€45k▼
Deferred charges and accrued income490/1-€694
Equity and liabilities
Total equity and liabilities10/49€184k€157k▼
Equity10/15€134k€145k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€130k€141k▲
Amounts payable17/49€50k€12k▼
Amounts payable within one year42/48€50k€12k▼
Financial debts43€773€888▲
Credit institutions430/8€773€888▲
Trade debts44€2k€519▼
Suppliers440/4€2k€519▼
Taxes, remuneration and social security45€47k€11k▼
Taxes450/3€47k€11k▼
Other amounts payable47/48€133€28▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€433€446▲
Gross operating margin9900€50k€18k▼
Operating profit (loss)9901€47k€12k▼
Financial income75/76B€1k€820▼
Recurring financial income75€1k€820▼
Financial charges65/66B€196€89▼
Recurring financial charges65€196€89▼
Profit (loss) for the period before taxes9903€47k€12k▼
Income taxes67/77€10k€1k▼
Profit (loss) for the period9904€38k€11k▼
Profit (loss) for the period to be appropriated9905€38k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€141k▲
Profit (loss) brought forward from the previous period14P€93k€130k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €6k | ▲ 137% |
| Other operating charges640/8 | €429 | €433 | €446 | ▲ 2.9% |
| Gross operating margin9900 | €127k | €50k | €18k | ▼ 63.6% |
| Operating profit (loss)9901 | €124k | €47k | €12k | ▼ 75.3% |
| Financial income75/76B | €15 | €1k | €820 | ▼ 18.4% |
| Recurring financial income75 | €15 | €1k | €820 | ▼ 18.4% |
| Financial charges65/66B | €43 | €196 | €89 | ▼ 54.7% |
| Recurring financial charges65 | €43 | €196 | €89 | ▼ 54.7% |
| Profit (loss) for the period before taxes9903 | €124k | €47k | €12k | ▼ 74.1% |
| Income taxes67/77 | €31k | €10k | €1k | ▼ 84.7% |
| Profit (loss) for the period9904 | €93k | €38k | €11k | ▼ 71.4% |
| Profit (loss) for the period to be appropriated9905 | €93k | €38k | €11k | ▼ 71.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €142k | €184k | €157k | ▼ 14.4% |
| Fixed assets21/28 | €7k | €26k | €41k | ▲ 55.8% |
| Intangible fixed assets21 | - | €11k | €9k | ▼ 21.0% |
| Tangible fixed assets22/27 | €7k | €15k | €32k | ▲ 111% |
| Furniture and vehicles24 | €2k | €2k | €2k | ▲ 13.8% |
| Other tangible fixed assets26 | €5k | €12k | €30k | ▲ 151% |
| Assets under construction and advance payments27 | - | €1k | - | - |
| Current assets29/58 | €134k | €158k | €117k | ▼ 26.0% |
| Amounts receivable within one year40/41 | €34k | €21k | - | - |
| Trade receivables40 | €34k | €21k | - | - |
| Current investments50/53 | - | €61k | €72k | ▲ 17.3% |
| Cash at bank and in hand54/58 | €101k | €76k | €45k | ▼ 41.6% |
| Deferred charges and accrued income490/1 | - | - | €694 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €142k | €184k | €157k | ▼ 14.4% |
| Equity10/15 | €97k | €134k | €145k | ▲ 8.0% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €93k | €130k | €141k | ▲ 8.3% |
| Amounts payable17/49 | €45k | €50k | €12k | ▼ 75.2% |
| Amounts payable within one year42/48 | €45k | €50k | €12k | ▼ 75.2% |
| Financial debts43 | €675 | €773 | €888 | ▲ 14.9% |
| Credit institutions430/8 | €675 | €773 | €888 | ▲ 14.9% |
| Trade debts44 | €521 | €2k | €519 | ▼ 73.6% |
| Suppliers440/4 | €521 | €2k | €519 | ▼ 73.6% |
| Taxes, remuneration and social security45 | €41k | €47k | €11k | ▼ 76.7% |
| Taxes450/3 | €41k | €47k | €11k | ▼ 76.7% |
| Other amounts payable47/48 | €3k | €133 | €28 | ▼ 78.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €93k | €38k | €11k | ▼ 71.4% |
| + Depreciation and write-downs630 | €2k | €3k | €6k | ▲ 137% |
| Operating cash flow (approximation) | €95k | €40k | €17k | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | €-21k | €-21k | ▲ 2.7% |
| Change in cash | - | €-24k | €-32k | ▼ 30.9% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11k ▼71.4%
Net result drops to €11k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 9.48
Current ratio from 3.18 to 9.48; short-term debt falls from €50k to €12k.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €134k ▲39.2%
2 profitable years in a row build equity to €134k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Joost-ten-Node · 1 establishment unit since 2023
Ground area
158 m²
Building footprint
68 m²
Volume, LiDAR
789 m³
Parcel 21572B0039/00T000, Brussels · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
I.CY
since 20232.341.697.388
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0039/00T000 | Brussels | 158 m² | 1 · 68 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.