IC-Vision
ActiveThe computed 12-month bankruptcy probability of IC-Vision is 2.5% (moderate). The annual accounts of IC-Vision for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €19k and a net result of €-31k. Equity is shrinking by ~28% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 26% of 10252 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-78
Solvency42▼-39
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.02 against 1.55 in 2024; short-term debt: 83.4% and cash: 40.9% of total assets), and 83.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
-27.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▼ 62.2%
2024 · €51k
2023: €44k
2024: €51k
2023 → 2025
Total assets
€116k▲ 28.1%
2024 · €90k
2023: €98k
2024: €90k
2023 → 2025
Net result
€-31k
2024 · €7k
2023: €39k
2024: €7k
2023 → 2025
Working capital
€2k▼ 92.9%
2024 · €22k
2023: €28k
2024: €22k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€44k-€51k▲ 16.1%€19k▼ 62.2%
Operating result€51k-€10k▼ 79.4%€-31k
Net result€39k-€7k▼ 81.8%€-31k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €31k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€18k▼ 38.9%
Current assets
€98k▲ 59.8%
Equity and liabilities €116k
Equity
€19k▼ 62.2%
Debt
€97k▲ 143%
The debt ratio rises from 44.0% to 83.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-19k▼
2024 · €19k
Cash flow
€-20k▼
2024 · €15k
Solvency
16.6%▼
2024 · 56.0%
Current ratio
1.02▼
2024 · 1.55
Quick ratio
1.02▼
2024 · 1.55
Debt / equity
5.04▲
2024 · 0.78
ROE
-164.2%▼
2024 · 13.9%
ROA
-27.2%▼
2024 · 7.8%
Interest coverage
-28.24▼
2024 · 83.01
Debt
€97k▲
2024 · €40k
Debt ≤ 1 year
€96k▲
2024 · €40k
Income taxes
€132▼
2024 · €3k
Staff costs
€158k▲
2024 · €147k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€116k▲
Fixed assets21/28€29k€18k▼
Tangible fixed assets22/27€29k€18k▼
Furniture and vehicles24€29k€18k▼
Financial fixed assets28€0-
Current assets29/58€61k€98k▲
Amounts receivable within one year40/41€48k€51k▲
Trade receivables40€34k€34k▼
Other amounts receivable41€14k€17k▲
Cash at bank and in hand54/58€12k€47k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€90k€116k▲
Equity10/15€51k€19k▼
Contributions10/11€5k€5k=
Reserves13€46k€14k▼
Distributable reserves133€46k€14k▼
Amounts payable17/49€40k€97k▲
Amounts payable within one year42/48€40k€96k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€9k€10k▲
Suppliers440/4€9k€10k▲
Taxes, remuneration and social security45€28k€83k▲
Taxes450/3€6k€34k▲
Remuneration and social security454/9€22k€48k▲
Other amounts payable47/48-€187
Accrued charges and deferred income492/3€100€100=
Income statement
Code20242025
Remuneration, social security and pensions62€147k€158k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€167k€141k▼
Operating profit (loss)9901€10k€-31k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€226€685▲
Recurring financial charges65€226€685▲
Profit (loss) for the period before taxes9903€10k€-31k▼
Income taxes67/77€3k€132▼
Profit (loss) for the period9904€7k€-31k▼
Profit (loss) for the period to be appropriated9905€7k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-31k▼
Transfer from equity791/2-€31k
Transfer to equity691/2€7k€0▼
To other reserves6921€7k€0▼
Social balance
Average headcount (FTE)90873.93.3▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-31k ▼548%
Net result drops to €-31k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hooglede · 1 establishment unit since 2022
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.
Delaeystraat 498830 HoogledeGround area
4,694 m²
Building footprint
1,636 m²
Volume, LiDAR
678 m³
2 parcels, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Aveve
since 20222.339.887.448
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0273/00P002 | Flanders | 3,867 m² | 1 · 1,465 m² | - |
| 36006A0210/00L002 | Flanders | 827 m² | 1 · 171 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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FAST WHOLESALERS BELGIUM
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KCDC ESTATE
BE 0823.751.813
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ARTAPER
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Of 12,979 companies in sector 47120 we hold annual accounts for 2,186. 1,392 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2022
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47191Retail trade
47761Retail sale of flowers, plants, seeds and fertilisers
47762Retail sale of pets, pet food and pet supplies
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.