IC Group
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (61 days) Filed on 30 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00516158.
Equity
€504,213▲ 23.5%
2023 · €408,293
Total assets
€1.8m▲ 22.6%
2023 · €1.5m
Net result
€95,920▼ 16.9%
2023 · €115,458
Working capital
€456,833▲ 39.6%
2023 · €327,220
Trend over the years
2020 to 2024, 5 financial years
The operating result has fallen two years in a row; 2024 is 24% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2024
Net result€0.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2024
Equity€0.5m
2024
Debt€1.3m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.2%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency27.3%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.34
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)10.1
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€0.04m-€0.09m▲ 157%€0.2m▲ 99.1%€0.1m▼ 22.1%€0.1m▼ 23.6%
Net result€0.03mwithin the sector's middle half-€0.07mabove the sector's middle half▲ 164%€0.1mabove the sector's middle half▲ 87.7%€0.1mabove the sector's middle half▼ 17.5%€0.1mabove the sector's middle half▼ 16.9%
Equity€0.08mwithin the sector's middle half-€0.2mabove the sector's middle half▲ 95.3%€0.3mabove the sector's middle half▲ 91.6%€0.4mabove the sector's middle half▲ 39.4%€0.5mabove the sector's middle half▲ 23.5%
Total assets€0.1mwithin the sector's middle half-€0.4mabove the sector's middle half▲ 181%€1.2mabove the sector's middle half▲ 216%€1.5mabove the sector's middle half▲ 20.9%€1.8mabove the sector's middle half▲ 22.6%
Debt€0.06m-€0.2m▲ 289%€1.0m▲ 294%€1.1m▲ 15.2%€1.3m▲ 22.3%
Working capital€0.07mwithin the sector's middle half-€0.1mabove the sector's middle half▲ 56.1%€0.2mabove the sector's middle half▲ 59.2%€0.3mabove the sector's middle half▲ 78.0%€0.5mabove the sector's middle half▲ 39.6%
Solvency55.8%within the sector's middle half-38.7%within the sector's middle half▼ 17.0pp23.5%within the sector's middle half▼ 15.2pp27.1%within the sector's middle half▲ 3.6pp27.3%within the sector's middle half▲ 0.2pp
Current ratio2.19within the sector's middle half-1.48within the sector's middle half▼ 0.711.19within the sector's middle half▼ 0.281.30within the sector's middle half▲ 0.111.34within the sector's middle half▲ 0.04
Return on assets (ROA)20.1%above the sector's middle half-18.9%within the sector's middle half▼ 1.2pp11.2%within the sector's middle half▼ 7.7pp7.7%within the sector's middle half▼ 3.6pp5.2%within the sector's middle half▼ 2.5pp
Staff (FTE)2.1within the sector's middle half-5▲ 138%5.6▲ 12.0%7▲ 25.0%10.1▲ 44.3%
above
within
below
the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€47,380 ▼ 41.6%
Current assets
€1.8m ▲ 26.3%
Equity and liabilities €1.8m
Equity
€504,213 ▲ 23.5%
Debt
€1.3m ▲ 22.3%
Debt's share of the balance-sheet total falls from 72.9% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€141,410▼
2023 · €205,708
Cash flow
€129,613▼
2023 · €180,253
Debt to equity
2.66▼
2023 · 2.69
ROE
19.0%▼
2023 · 28.3%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€1.3m▲
2023 · €1.1m
Income taxes
€37,174▼
2023 · €38,103
Staff costs
€384,137▲
2023 · €135,956
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €100,000 | €154,043 | €135,956 | €384,137 | ▲ 183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,493 | €11,618 | €50,748 | €64,795 | €33,693 | ▼ 48.0% |
| Other operating charges640/8 | - | €1,186 | €2,885 | €10,415 | €8,092 | ▼ 22.3% |
| Gross operating margin9900 | €71,252 | €203,626 | €388,497 | €352,079 | €533,639 | ▲ 51.6% |
| Operating profit (loss)9901 | €35,370 | €90,822 | €180,821 | €140,913 | €107,717 | ▼ 23.6% |
| Financial income75/76B | - | €1 | €1 | €12,776 | €25,913 | ▲ 103% |
| Recurring financial income75 | €1 | €1 | €1 | €12,776 | €25,913 | ▲ 103% |
| Financial charges65/66B | - | €55 | €847 | €128 | €537 | ▲ 319% |
| Recurring financial charges65 | €45 | €55 | €847 | €128 | €537 | ▲ 319% |
| Profit (loss) for the period before taxes9903 | €35,326 | €90,768 | €179,975 | €153,560 | €133,093 | ▼ 13.3% |
| Income taxes67/77 | €7,065 | €16,174 | €39,994 | €38,103 | €37,174 | ▼ 2.4% |
| Profit (loss) for the period9904 | €28,261 | €74,593 | €139,981 | €115,458 | €95,920 | ▼ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €28,261 | €74,593 | €139,981 | €115,458 | €95,920 | ▼ 16.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.1m | €0.4m | €1.2m | €1.5m | €1.8m | ▲ 22.6% |
| Fixed assets21/28 | €0.004m | €0.04m | €0.1m | €0.08m | €0.05m | ▼ 41.6% |
| Tangible fixed assets22/27 | €0.004m | €0.04m | €0.1m | €0.08m | €0.05m | ▼ 41.6% |
| Plant, machinery and equipment23 | - | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 39.4% |
| Furniture and vehicles24 | - | €0.01m | €0.07m | €0.05m | €0.03m | ▼ 42.6% |
| Current assets29/58 | €0.1m | €0.4m | €1.1m | €1.4m | €1.8m | ▲ 26.3% |
| Amounts receivable within one year40/41 | €0.07m | €0.2m | €0.4m | €0.6m | €1.5m | ▲ 150% |
| Trade receivables40 | - | €0.2m | €0.4m | €0.1m | €0.4m | ▲ 278% |
| Other amounts receivable41 | - | €0.008m | €0.02m | €0.5m | €1.1m | ▲ 121% |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.7m | €0.8m | €0.3m | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.1m | €0.4m | €1.2m | €1.5m | €1.8m | ▲ 22.6% |
| Equity10/15 | €0.08m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 23.5% |
| Contributions10/11 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.03m | €0.1m | €0.2m | €0.4m | €0.5m | ▲ 26.8% |
| Distributable reserves133 | - | €0.1m | €0.2m | €0.4m | €0.5m | ▲ 26.8% |
| Amounts payable17/49 | €0.06m | €0.2m | €1.0m | €1.1m | €1.3m | ▲ 22.3% |
| Amounts payable within one year42/48 | €0.06m | €0.2m | €1.0m | €1.1m | €1.3m | ▲ 22.3% |
| Trade debts44 | €0.06m | €0.2m | €0.9m | €1.0m | €1.2m | ▲ 19.9% |
| Suppliers440/4 | - | €0.2m | €0.9m | €1.0m | €1.2m | ▲ 19.9% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.07m | €0.1m | €0.1m | ▲ 47.2% |
| Taxes450/3 | - | €0.02m | €0.06m | €0.08m | €0.1m | ▲ 22.1% |
| Remuneration and social security454/9 | - | - | €0.01m | €0.02m | €0.05m | ▲ 163% |
| Other amounts payable47/48 | - | €0.01m | €0.009m | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,261 | €74,593 | €139,981 | €115,458 | €95,920 | ▼ 16.9% |
| + Depreciation and write-downs630 | €1,493 | €11,618 | €50,748 | €64,795 | €33,693 | ▼ 48.0% |
| Operating cash flow (approximation) | €29,754 | €86,211 | €190,729 | €180,253 | €129,613 | ▼ 28.1% |
| Investment in fixed assets (approximation) | - | -€44,719 | -€122,400 | -€36,815 | €0 | - |
| Change in cash | - | €126,271 | €538,095 | €73,638 | -€553,543 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00516158 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00363254 |
| 31-12-2022 | micro format | 27-09-2023 | 2023-00455544 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20346133 |
| 31-12-2020 | micro format | 24-09-2021 | 2021-68200522 |
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Of the 332 active companies whose main activity is civil engineering (NACE 42219), figures are known for 148. 87 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €542 awarded · €542 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.