IC PROJ GROUP
ActiveSummary
The computed 12-month bankruptcy probability of IC PROJ GROUP is 2.3% (moderate). The 2024 annual accounts show equity of €30k and a net result of €3k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 58% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-8
Solvency75▼-24
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.69 in 2023; short-term debt: 50.4% and cash: 6.5% of total assets), but 50.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.6%
Return on assets
4.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
68 d late
2022
78 d late
2021
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€30k▲ 9.2%
2023 · €27k
2021: €18k
2022: €24k
2023: €27k
2021 → 2024
Total assets
€60k▲ 63.3%
2023 · €37k
2021: €26k
2022: €29k
2023: €37k
2021 → 2024
Net result
€3k▼ 33.2%
2023 · €4k
2021: €17k
2022: €5k
2023: €4k
2021 → 2024
Working capital
€23k▲ 40.4%
2023 · €16k
2021: €-930
2022: €8k
2023: €16k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€18k-€24k▲ 28.9%€27k▲ 16.1%€30k▲ 9.2%
Operating result€22k-€5k▼ 75.0%€4k▼ 25.6%€4k▲ 2.8%
Net result€17k-€5k▼ 69.4%€4k▼ 28.3%€3k▼ 33.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€7k ▼ 35.4%
Current assets
€53k ▲ 107%
Equity and liabilities €60k
Equity
€30k ▲ 9.2%
Debt
€30k ▲ 218%
Debt's share of the balance-sheet total rises from 25.9% to 50.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2023 · €8k
Cash flow
€7k▼
2023 · €8k
Current ratio
1.74▼
2023 · 2.69
Debt to equity
1.02▲
2023 · 0.35
ROE
8.5%▼
2023 · 13.8%
ROA
4.2%▼
2023 · 10.3%
Interest coverage
34.13▲
2023 · 32.10
Debt ≤ 1 year
€30k▲
2023 · €10k
Income taxes
€1k
Staff costs
€23
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 · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37k€60k▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€11k€7k▼
Financial fixed assets28€200€200=
Current assets29/58€26k€53k▲
Amounts receivable within one year40/41€22k€49k▲
Trade receivables40€2k€325▼
Other amounts receivable41€20k€49k▲
Cash at bank and in hand54/58€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€37k€60k▲
Equity10/15€27k€30k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€26k€29k▲
Amounts payable17/49€10k€30k▲
Amounts payable within one year42/48€10k€30k▲
Trade debts44€1k€16k▲
Suppliers440/4€1k€16k▲
Other amounts payable47/48€8k€14k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€23
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€9k€9k▼
Operating profit (loss)9901€4k€4k▲
Financial charges65/66B€250€238▼
Recurring financial charges65€250€238▼
Profit (loss) for the period before taxes9903€4k€4k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€29k▲
Profit (loss) brought forward from the previous period14P€23k€26k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼33.2%
Net result drops to €3k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.49
Current ratio from 0.88 to 2.49; short-term debt falls from €8k to €6k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Machelen (Brab.) · 1 establishment unit since 2020
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.
Oude Haachtsesteenweg 591831 Machelen (Brab.)Ground area
649 m²
Building footprint
329 m²
Parcel 23015C0111/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
IC PROJ GROUP
since 20202.310.803.284
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0111/00W000 | Flanders | 649 m² | 1 · 329 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.
Similar companies · same sector, comparable size
AlenRenovation
BE 0778.494.581
Machelen (Brab.) · Eq €29,873
BOUWWERKEN RD
BE 0829.700.287
Evergem · Eq €29,885
VVV BASTON
BE 0802.478.327
Londerzeel · Eq €29,859
MMA-Renovatie
BE 0696.782.969
Sint-Katelijne-Waver · Eq €29,859
JDX BOUW
BE 1006.873.361
Kasterlee · Eq €29,893
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
46431Wholesale of electrical household appliances and audio-video equipment
46500Wholesale of information and communication equipment
47540Retail sale of electrical household appliances
47551Retail sale of household furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.