ICARUS CONSULT
ActiveICARUS CONSULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €628. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 1632 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-53
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 18.25 against 22.84 in 2024; short-term debt: 5.4% and cash: 1.5% of total assets), and 9.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
90.4%
Return on assets
0.8%
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 04-08-2026, 4 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
4 d late
2024
21 d late
2023
29 d late
2022
24 d late
2021
19 d early
2020
20 d late
2019
25 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€74k▼ 11.2%
2024 · €83k
2018: €66k
2019: €68k
2020: €76k
2021: €81k
2022: €87k
2023: €85k
2024: €83k
2018 → 2025
Total assets
€82k▼ 9.7%
2024 · €91k
2018: €90k
2019: €93k
2020: €95k
2021: €96k
2022: €103k
2023: €96k
2024: €91k
2018 → 2025
Net result
€628▼ 81.8%
2024 · €3k
2018: €6k
2019: €2k
2020: €8k
2021: €4k
2022: €6k
2023: €3k
2024: €3k
2018 → 2025
Working capital
€76k▼ 10.1%
2024 · €84k
2018: €65k
2019: €67k
2020: €77k
2021: €82k
2022: €86k
2023: €85k
2024: €84k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€87k▲ 7.4%€85k▼ 1.9%€83k▼ 1.8%€74k▼ 11.2%
Operating result€442-€4k▲ 780%€2k▼ 54.7%€1k▼ 31.8%€-2k
Net result€4k-€6k▲ 41.6%€3k▼ 43.0%€3k▲ 1.4%€628▼ 81.8%
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 €2k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€2k▼ 34.7%
Current assets
€80k▼ 9.0%
Equity and liabilities €82k
Equity
€74k▼ 11.2%
Provisions
€4k=
Debt
€4k▲ 13.9%
The debt ratio rises from 4.3% to 5.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2024 · €2k
Cash flow
€2k▼
2024 · €5k
Solvency
90.4%▼
2024 · 91.9%
Current ratio
18.25▼
2024 · 22.84
Quick ratio
18.25▼
2024 · 22.84
Debt / equity
0.06▲
2024 · 0.05
ROE
0.8%▼
2024 · 4.1%
ROA
0.8%▼
2024 · 3.8%
Interest coverage
-15.63▼
2024 · 37.19
Debt
€4k▲
2024 · €4k
Debt ≤ 1 year
€4k▲
2024 · €4k
Income taxes
€922▼
2024 · €2k
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€91k€82k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€88k€80k▼
Amounts receivable within one year40/41€87k€79k▼
Trade receivables40€13k€15k▲
Other amounts receivable41€74k€64k▼
Cash at bank and in hand54/58€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€91k€82k▼
Equity10/15€83k€74k▼
Contributions10/11€6k€6k=
Reserves13€19k€19k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€18k▲
Profit (loss) carried forward14€58k€48k▼
Provisions and deferred taxes16€4k€4k=
Provisions for liabilities and charges160/5€4k€4k=
Environmental obligations163€4k€4k=
Amounts payable17/49€4k€4k▲
Amounts payable within one year42/48€4k€4k▲
Trade debts44€824€805▼
Suppliers440/4€824€805▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€900▼
Gross operating margin9900€2k€-1k▼
Operating profit (loss)9901€1k€-2k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€61€79▲
Recurring financial charges65€61€79▲
Profit (loss) for the period before taxes9903€6k€2k▼
Income taxes67/77€2k€922▼
Profit (loss) for the period9904€3k€628▼
Profit (loss) for the period to be appropriated9905€3k€628▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€59k▼
Profit (loss) brought forward from the previous period14P€63k€58k▼
Transfer to equity691/2€3k€628▼
To other reserves6921€3k€628▼
Profit to be distributed694/7€5k€10k▲
Return on contributions (dividend)694€5k€10k▲
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
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
31-12
Financial
Weakest financial yearnet €628 ▼81.8%
Net result drops to €628, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
31-12
Financial
Highest result since 2018net €8k ▲381%
Net result €8k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Alken · 1 establishment unit since 2005
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.
Hakkeveldstraat 573570 AlkenGround area
326 m²
Building footprint
94 m²
Volume, LiDAR
549 m³
Parcel 73302D0664/00D002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Icarus Consult
since 20052.150.252.151
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302D0664/00D002 | Flanders | 326 m² | 1 · 93 m² | 8.8 m · 2 fl. |
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.
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,260 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2005
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.