ICARE
ActiveSummary
The computed 12-month bankruptcy probability of ICARE is 2.6% (moderate). The 2024 annual accounts show equity of €1.7m and a net result of -€7,772. Equity has been stable since 2018 (±2.3% per year). Its solvency ranks better than 68% of 19,158 sector peers (NACE 68, financial year 2024). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-08-1991 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 5 others
- Establishment unit
- 2.053.993.905 1380 Lasne, since 14-02-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 24-02-2026
Board and ownership
- Isabelle DERINEManaging director
- Rémy REYLANDManaging director
- lsabelleDerineDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.6%
- Gross margin
- €134,975
- ▼ 38.7%
- Turnover
- ≈ €200,000
- estimated
- Loss
- €7,772
- Equity
- €1.7m
- ▼ 0.5%
- Total assets
- €3.1m
- ▼ 2.4%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 176 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 23-01-2026)1 change of registered office in 24 monthslowers riskFounded in 1991Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 71% of them on solvency, 29% on liquidity, 20% on profitability and 40% 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
The company filed its last 6 accounts on average 141 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 23-01-2026 PDF all 33 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 45% lower than in 2023 and the lowest since 2020. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,855 | - | - | €2,869 |
| Depreciation and write-downs of the year | €46,305 | €46,305 | €30,376 | €26,302 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,286 | €44,660 | €53,021 | €46,305 | €46,305 | €30,376 | €26,302 | ▼ 13.4% |
| Other operating charges640/8 | - | - | - | €7,487 | €14,333 | €5,770 | €6,852 | ▲ 18.7% |
| Non-recurring operating charges66A | - | - | - | - | €6,934 | - | - | - |
| Gross operating margin9900 | €78,329 | €145,183 | €216,897 | €178,658 | €392,051 | €220,203 | €134,975 | ▼ 38.7% |
| Operating profit (loss)9901 | €21,278 | €89,337 | €153,873 | €124,866 | €324,480 | €184,057 | €101,822 | ▼ 44.7% |
| Financial income75/76B | - | - | - | €1 | €2,827 | €347 | €8,920 | ▲ 26× |
| Recurring financial income75 | €2,322 | €18,400 | - | €1 | €2,827 | €347 | €8,920 | ▲ 26× |
| Financial charges65/66B | - | - | - | €42,852 | €36,600 | €50,396 | €119,068 | ▲ 136% |
| Recurring financial charges65 | €60,458 | €54,605 | €40,061 | €42,852 | €36,600 | €50,396 | €119,068 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | -€36,858 | €53,132 | €113,812 | €82,015 | €290,707 | €134,008 | -€8,326 | - |
| Transfer from deferred taxes780 | - | - | - | €10,305 | €10,305 | €10,305 | €10,305 | = |
| Income taxes67/77 | - | €28,445 | €35,875 | €59,000 | €143,650 | €35,930 | €9,751 | ▼ 72.9% |
| Profit (loss) for the period9904 | -€26,553 | €34,992 | €88,242 | €33,320 | €157,362 | €108,382 | -€7,772 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €19,176 | €19,176 | €19,176 | €19,176 | = |
| Profit (loss) for the period to be appropriated9905 | -€7,407 | €54,138 | €107,418 | €52,496 | €176,538 | €127,558 | €11,404 | ▼ 91.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.8m | €3.4m | €3.5m | €3.3m | €3.2m | €3.1m | €3.1m | ▼ 2.4% |
| Fixed assets21/28 | €3.4m | €3.3m | €3.4m | €3.2m | €3.1m | €2.9m | €2.9m | ▼ 2.0% |
| Tangible fixed assets22/27 | €2.1m | €1.9m | €1.9m | €1.7m | €1.6m | €1.4m | €1.4m | ▼ 1.6% |
| Land and buildings22 | - | - | - | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 1.9% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.07m | €0.07m | €0.08m | ▲ 3.0% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | - | - | - |
| Financial fixed assets28 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 2.4% |
| Current assets29/58 | €0.3m | €0.1m | €0.08m | €0.06m | €0.1m | €0.2m | €0.2m | ▼ 7.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.05m | €0.04m | €0.1m | €0.006m | €0.2m | ▲ 30× |
| Trade receivables40 | - | - | - | €0.04m | €0.1m | €0.006m | €0.02m | ▲ 211% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.2m | - |
| Current investments50/53 | - | - | €0.02m | €0.01m | €0.004m | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | - | - | - | - | €0.2m | €0.02m | ▼ 92.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €25 | €0.001m | ▲ 23× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.8m | €3.4m | €3.5m | €3.3m | €3.2m | €3.1m | €3.1m | ▼ 2.4% |
| Equity10/15 | €1.4m | €1.5m | €1.6m | €1.5m | €1.6m | €1.7m | €1.7m | ▼ 0.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | - | - | €0.7m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 20.2% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.08m | €0.06m | €0.05m | €0.03m | ▼ 42.4% |
| Profit (loss) carried forward14 | -€0.01m | €0.04m | €0.1m | €0.2m | €0.3m | €0.5m | €0.5m | ▲ 2.5% |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.06m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 42.2% |
| Deferred taxes168 | - | - | - | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 42.2% |
| Amounts payable17/49 | €2.2m | €1.9m | €1.9m | €1.7m | €1.6m | €1.4m | €1.4m | ▼ 4.0% |
| Amounts payable after more than one year17 | €0.8m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 14.3% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 16.8% |
| Other amounts payable178/9 | - | - | - | €0.08m | €0.07m | €0.09m | €0.08m | ▼ 4.7% |
| Amounts payable within one year42/48 | €1.5m | €1.2m | €1.3m | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.06m | €0.06m | €0.06m | ▲ 2.2% |
| Financial debts43 | - | - | - | €0.9m | €0.7m | €0.7m | €0.7m | ▲ 3.5% |
| Credit institutions430/8 | - | - | - | €0.9m | €0.7m | €0.7m | €0.7m | ▲ 3.5% |
| Trade debts44 | €0.07m | €0.06m | €0.07m | €0.003m | €0.07m | €0.2m | €0.2m | ▲ 16.8% |
| Suppliers440/4 | - | - | - | €0.003m | €0.07m | €0.2m | €0.2m | ▲ 16.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.1m | €0.004m | €0.006m | ▲ 53.9% |
| Taxes450/3 | - | - | - | €0.04m | €0.1m | €0.004m | €0.006m | ▲ 53.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 45.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | €0.006m | €0.001m | ▼ 84.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,553 | €34,992 | €88,242 | €33,320 | €157,362 | €108,382 | -€7,772 | - |
| + Depreciation and write-downs630 | €48,286 | €44,660 | €53,021 | €46,305 | €46,305 | €30,376 | €26,302 | ▼ 13.4% |
| Operating cash flow (approximation) | €21,733 | €79,652 | €141,263 | €79,625 | €203,667 | €138,758 | €18,530 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | €90,901 | -€157,412 | €175,614 | €94,961 | €110,985 | €32,872 | ▼ 70.4% |
| Change in cash | - | - | - | - | - | - | -€193,998 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as ICARE has now. Two years later, 0.4% had gone bankrupt and 94.1% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ICARE itself is higher: 2.6% within 12 months. It rests on far more data about ICARE than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for ICARE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 23-01-2026 | 2026-00012224 | |
| 31-12-2023 | micro format | 05-02-2025 | 2025-00031193 | |
| 31-12-2022 | micro format | 13-11-2023 | 2023-00511994 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20448473 | |
| 31-12-2020 | micro format | 14-10-2021 | 2021-71900229 | |
| 31-12-2019 | micro format | 29-03-2021 | 2021-08800541 | |
| 31-12-2018 | micro format | 23-12-2019 | 2019-77500332 | |
| 31-12-2017 | micro format | 01-10-2018 | 2018-68000444 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58600186 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55200199 |
Board & ownership
Directors
Board 3
Day-to-day management 3
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Isabelle DERINE |
|
| Rémy REYLAND |
|
| lsabelleDerine |
|
| RémyReyland |
|
Network & group
ICARE shares no director with another company.
Companies at the same address
2 other companiesConnections & network
3 current directorsThe network starts from the directors of ICARE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-05
Gazette deed
Reappointments: RémyReyland (administrateur déléguéetadministrateur) and lsabelleDerine (director)Registered-office move5 points ▸
- General meeting, 28-04-2025
- Registered-office move, RueduFondAgny1-1380Lasne
- Director reappointment, RémyReyland (administrateur déléguéetadministrateur)
- Director reappointment, lsabelleDerine (director)
- Other provision, “administrateur-délégué, non-renouvellementdumandatd'administrateur-délégué” (deed in French)
28-11
Gazette deed
Reappointments: Rémy REYLAND (director and managing director) and Isabelle DERINE (director and managing director)4 points ▸
- General meeting, 03-06-2019
- Director reappointment, Rémy REYLAND (director and managing director)
- Director reappointment, Isabelle DERINE (director and managing director)
- Other provision, “Divers, néant” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1420 Braine-l'Alleud until 01-05-2025 · act of 26-05-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25024B0391/00X000 | Wallonia | 3,007 m² | 1 · 176 m² | 8.1 m · 2 |