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ICAIR CAPITAL

Active
Private limited companyfounded 2013active for 12 yearsWaterloose Steenweg 200, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 0543.508.420
Summary

ICAIR CAPITAL has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €56,806. Equity has been growing by about 4.9% per year since 2018. Its solvency ranks better than 95% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 20-12-2013 Normal situation
Registered office
424 active companies are registered at this address 84 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Business and other management consultancy NACE 70200and 1 other
Establishment unit
2.232.160.238 1640 Sint-Genesius-Rode, since 01-01-2014
Financial year end
31 December
Peppol
Reachable since 29-10-2026

Board and ownership

Board
Shareholders
  • Emeric Van der Cruisse de Warziersannual accounts 2020
Holdings
Shares in 3 companies including ECHO SIERRA AVIATION and ALPHA OMEGA CONSEIL

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€65,123
▲ 6.6%
Turnover
≈ €130,000
estimated
Profit
€56,806
▼ 20.7%
Equity
€1.7m
▲ 3.6%
Total assets
€1.7m
▲ 2.2%
  • 2025 accounts filed 30 days after the deadline
Filed on 30-08-2026
Score breakdownlowers riskSize: total assets €1.7mFigures for financial year 2025 (filed on 30-08-2026)Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €1.7m (95.9% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 95.9% of total assets
Liquidity 57+5
short-term debt 3.9% · cash 5.5%
Profitability 73-1
return on assets 3.3%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,528 companies, NACE 70, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.2%▼ -0.3 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.48 (16.93 in 2024), above the usual 1.5. Short-term debt is 3.9% and cash 5.5% of total assets. 4.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 48% on liquidity, 37% on profitability and 48% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €1.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 30-08-2026)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Equity €1.7m (95.9% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
30 days late
2024
7 days late
2023
29 days late
2022
32 days late
2021
31 days late
2020
31 days late
2019
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in head offices and management consultancysector median 55.6% · 39,242 companies 95.9% View
  • Positive: 8 profitable years in a rowprofit 2025: €56,806 8 years View

Recent changes

  1. · Gazette deed Registered office moved from Kraainem to Sint-Genesius-Rode
  2. · Gazette deed Changes of role: Van der Cruisse de Waziers Emeric (director) and Van der Cruisse de Waziers Martin (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as ICAIR CAPITAL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.5m and €2.1m, founded between 2012 and 2014.

CompanyTotal assetsGross margin
ICAIR CAPITAL Sint-Genesius-Rode€1.7m€0.07m
CEBAFAR Tienen€1.5m€0.07m
THEYSSENS INVEST Huldenberg€1.7m€0.06m
WT MANAGEMENT Wezembeek-Oppem€1.5m€0.06m
LEEMACON Leuven€2.1m€0.07m
MAPOB Ukkel€1.8m€0.07m
HOLDING THONET FLORENT Chimay€1.8m€0.06m
Full comparison

Key facts about ICAIR CAPITAL

What is the company number of ICAIR CAPITAL?
The company number of ICAIR CAPITAL is 0543.508.420. The VAT number is the same number with BE in front: BE 0543.508.420.
Where is ICAIR CAPITAL based?
The registered office is at Waterloose Steenweg 200, 1640 Sint-Genesius-Rode.Company details
What does ICAIR CAPITAL do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of ICAIR CAPITAL?
The legal form of ICAIR CAPITAL is Private limited company (BV).
When was ICAIR CAPITAL founded?
ICAIR CAPITAL was founded on 20-12-2013.
Is ICAIR CAPITAL still active?
Yes, ICAIR CAPITAL is an active enterprise in the KBO register.
What is the turnover of ICAIR CAPITAL?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €65,123 and 119 comparable companies (NACE 70200). It probably lies between €100,000 and €170,000.Financials
Is ICAIR CAPITAL profitable?
In financial year 2025, ICAIR CAPITAL made a profit of €56,806.
Where can I find the annual accounts of ICAIR CAPITAL?
ICAIR CAPITAL filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ICAIR CAPITAL due?
ICAIR CAPITAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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