ICAFIS
ActiveSummary
The computed 12-month bankruptcy probability of ICAFIS is 1.5% (moderate). The 2025 annual accounts show equity of €696k and a net result of €-2k. Equity remains stable across the filed fiscal years (±0.3% per year). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
short-term debt: 0.2% and cash: 0% of total assets, and 16.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
83.8%
Return on assets
-0.2%
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 28-08-2026, 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
2025
28 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
84 d late
2020
31 d late
2019
28 d late
← 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, abbreviated schema
Equity
€696k▼ 0.3%
2024 · €698k
Total assets
€830k▼ 4.0%
2024 · €865k
Net result
€-2k▲ 31.4%
2024 · €-3k
Working capital
€461k▼ 0.1%
2024 · €461k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-1k▲ 40.5%€-2k▼ 54.2%€-2k▲ 12.9%€-3k▼ 64.7%€-2k▲ 33.3%
Net result€-1k▲ 34.3%€-2k▼ 44.0%€-2k▲ 13.2%€-3k▼ 54.3%€-2k▲ 31.4%
Equity€705k▼ 0.2%€703k▼ 0.3%€701k▼ 0.3%€698k▼ 0.4%€696k▼ 0.3%
Total assets€1.02M▼ 0.1%€1.02M▼ 0.3%€916k▼ 10.0%€865k▼ 5.5%€830k▼ 4.0%
Debt€316k▲ 0.2%€315k▼ 0.3%€215k▼ 31.7%€167k▼ 22.2%€134k▼ 19.8%
Working capital€467k▼ 0.3%€464k▼ 0.5%€463k▼ 0.3%€461k▼ 0.4%€461k▼ 0.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€368k ▼ 8.3%
Current assets
€462k ▼ 0.3%
Equity and liabilities €830k
Equity
€696k ▼ 0.3%
Debt
€134k ▼ 19.8%
Debt's share of the balance-sheet total falls from 19.3% to 16.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.19▼
2024 · 0.24
ROE
-0.3%▲
2024 · -0.4%
ROA
-0.2%▲
2024 · -0.3%
Debt ≤ 1 year
€1k▼
2024 · €2k
Debt > 1 year
€133k▼
2024 · €165k
A ratio outside any meaningful range has been withheld (balance sheet total €830k, equity €696k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €868 | €884 | €960 | €968 | €1k | ▲ 5.1% |
| Gross operating margin9900 | €-268 | €-867 | €-565 | €-2k | €-660 | ▲ 57.3% |
| Operating profit (loss)9901 | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 33.3% |
| Financial charges65/66B | €289 | €300 | €255 | €234 | €208 | ▼ 11.0% |
| Recurring financial charges65 | €289 | €300 | €255 | €234 | €208 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 31.4% |
| Profit (loss) for the period9904 | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.02M | €1.02M | €916k | €865k | €830k | ▼ 4.0% |
| Fixed assets21/28 | €551k | €551k | €451k | €402k | €368k | ▼ 8.3% |
| Financial fixed assets28 | €551k | €551k | €451k | €402k | €368k | ▼ 8.3% |
| Current assets29/58 | €470k | €467k | €465k | €464k | €462k | ▼ 0.3% |
| Cash at bank and in hand54/58 | €8k | €5k | €3k | €2k | €100 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | €462k | €462k | €462k | €462k | €462k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.02M | €1.02M | €916k | €865k | €830k | ▼ 4.0% |
| Equity10/15 | €705k | €703k | €701k | €698k | €696k | ▼ 0.3% |
| Contributions10/11 | €600k | €600k | €600k | €600k | €600k | = |
| Capital10 | €600k | €600k | €600k | €600k | €600k | = |
| Issued capital100 | €600k | €600k | €600k | €600k | €600k | = |
| Reserves13 | €116k | €116k | €116k | €116k | €116k | = |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €9k | €9k | = |
| Legal reserve130 | €9k | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | €107k | €107k | €107k | €107k | €107k | = |
| Profit (loss) carried forward14 | €-11k | €-13k | €-15k | €-18k | €-20k | ▼ 10.7% |
| Amounts payable17/49 | €316k | €315k | €215k | €167k | €134k | ▼ 19.8% |
| Amounts payable after more than one year17 | €313k | €312k | €213k | €165k | €133k | ▼ 19.4% |
| Other amounts payable178/9 | €313k | €312k | €213k | €165k | €133k | ▼ 19.4% |
| Amounts payable within one year42/48 | €3k | €3k | €2k | €2k | €1k | ▼ 45.0% |
| Trade debts44 | €3k | €3k | €2k | €2k | €1k | ▼ 45.0% |
| Suppliers440/4 | €3k | €3k | €2k | €2k | €1k | ▼ 45.0% |
| Accrued charges and deferred income492/3 | €18 | - | €18 | €18 | €18 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 31.4% |
| Operating cash flow (approximation) | €-1k | €-2k | €-2k | €-3k | €-2k | ▲ 31.4% |
| Investment in fixed assets (approximation) | - | €0 | €100k | €49k | €34k | ▼ 31.6% |
| Change in cash | - | €-3k | €-2k | €-2k | €-1k | ▲ 5.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 159.70
Current ratio from 62.81 to 159.70; short-term debt falls from €8k to €3k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
6 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, Sint-Pieters-Woluwe · 1 establishment unit since 2013
Ground area
3,029 m²
Building footprint
1,252 m²
Volume, LiDAR
25,737 m³
2 parcels, Brussels · tallest building 28.5 m, ±9 floors. Linked by address, not a title deed.
87
companies at this address
See who is registered here
1 establishment unit
Gemeentelijke Godshuisstraat 6, 1170 Watermaal-Bosvoorde
since 20132.221.641.874
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0206/00R005 | Brussels | 2,566 m² | 1 · 974 m² | 28.5 m · 9 fl. |
| 21652E0249/00E002 | Brussels | 463 m² | 1 · 278 m² | 13.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded13-03-2013
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.