ICARUS HEIGHTS
ActiveSummary
ICARUS HEIGHTS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,817 and a net result of -€8,178. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 3572 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-23
Solvency67▲+1
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.04 in 2024; short-term debt: 52.4% and cash: 7.2% of total assets), and 58.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
41.9%
Return on assets
-29%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
40 d late
2023
85 d early
2022
82 d early
2021
74 d early
2020
89 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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. Usually files around 18 May (4 of the last 5 filed years within 74 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€11,817▼ 40.5%
2024 · €19,867
Total assets
€28,187▼ 41.3%
2024 · €48,032
Net result
-€8,178
2024 · €434
Working capital
€279▼ 70.4%
2024 · €943
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,105€12,937▲ 215%-€4,705€1,365-€7,201
Net result€3,003within the sector's middle half€11,909within the sector's middle half▲ 297%-€5,429below the sector's middle half€434within the sector's middle half-€8,178below the sector's middle half
Equity€12,953within the sector's middle half▲ 30.2%€24,862within the sector's middle half▲ 91.9%€19,433within the sector's middle half▼ 21.8%€19,867within the sector's middle half▲ 2.2%€11,817within the sector's middle half▼ 40.5%
Total assets€34,439below the sector's middle half▲ 95.4%€54,435within the sector's middle half▲ 58.1%€45,041within the sector's middle half▼ 17.3%€48,032within the sector's middle half▲ 6.6%€28,187below the sector's middle half▼ 41.3%
Debt€21,486▲ 180%€29,572▲ 37.6%€25,608▼ 13.4%€28,165▲ 10.0%€16,370▼ 41.9%
Working capital€140within the sector's middle half▼ 98.5%-€3,758below the sector's middle half-€1,515below the sector's middle half▲ 59.7%€943within the sector's middle half€279within the sector's middle half▼ 70.4%
Solvency37.6%within the sector's middle half▼ 18.8pp45.7%within the sector's middle half▲ 8.1pp43.1%within the sector's middle half▼ 2.5pp41.4%within the sector's middle half▼ 1.8pp41.9%within the sector's middle half▲ 0.6pp
Current ratio1.01within the sector's middle half▼ 1.530.72below the sector's middle half▼ 0.280.88below the sector's middle half▲ 0.161.04within the sector's middle half▲ 0.161.02below the sector's middle half▼ 0.02
Return on assets (ROA)8.7%within the sector's middle half▲ 36.2pp21.9%above the sector's middle half▲ 13.2pp-12.1%below the sector's middle half▼ 33.9pp0.9%within the sector's middle half▲ 13.0pp-29.0%below the sector's middle half▼ 29.9pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,201 after €1,365 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,187
Fixed assets
€13,142 ▼ 45.9%
Current assets
€15,045 ▼ 36.6%
Equity and liabilities €28,187
Equity
€11,817 ▼ 40.5%
Debt
€16,370 ▼ 41.9%
Debt's share of the balance-sheet total falls from 58.6% to 58.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,955▼
2024 · €12,602
Cash flow
€2,977▼
2024 · €11,671
Quick ratio
0.90▼
2024 · 0.98
Debt to equity
1.39▼
2024 · 1.42
ROE
-69.2%▼
2024 · 2.2%
Interest coverage
5.61▼
2024 · 15.69
Debt ≤ 1 year
€14,767▼
2024 · €22,791
Debt > 1 year
€1,604▼
2024 · €5,374
Income taxes
€272▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,652 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €171 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,244 | €7,874 | €11,121 | €11,237 | €11,156 | ▼ 0.7% |
| Other operating charges640/8 | €859 | €1,945 | €1,188 | €671 | €2,383 | ▲ 255% |
| Non-recurring operating charges66A | - | €65 | - | - | - | - |
| Gross operating margin9900 | €7,379 | €22,821 | €7,604 | €13,273 | €6,338 | ▼ 52.2% |
| Operating profit (loss)9901 | €4,105 | €12,937 | -€4,705 | €1,365 | -€7,201 | ▼ 628% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €415 | €1,028 | €649 | €803 | €705 | ▼ 12.2% |
| Recurring financial charges65 | €415 | €1,028 | €649 | €803 | €705 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €3,690 | €11,909 | -€5,355 | €562 | -€7,906 | ▼ 1,508% |
| Income taxes67/77 | €686 | - | €74 | €128 | €272 | ▲ 113% |
| Profit (loss) for the period9904 | €3,003 | €11,909 | -€5,429 | €434 | -€8,178 | ▼ 1,986% |
| Profit (loss) for the period to be appropriated9905 | €3,003 | €11,909 | -€5,429 | €434 | -€8,178 | ▼ 1,986% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,439 | €54,435 | €45,041 | €48,032 | €28,187 | ▼ 41.3% |
| Fixed assets21/28 | €12,814 | €44,656 | €33,534 | €24,297 | €13,142 | ▼ 45.9% |
| Tangible fixed assets22/27 | €12,814 | €44,656 | €33,534 | €24,297 | €13,142 | ▼ 45.9% |
| Plant, machinery and equipment23 | €12,814 | €9,635 | €6,457 | €3,440 | €627 | ▼ 81.8% |
| Furniture and vehicles24 | - | €35,020 | €27,077 | €20,858 | €12,515 | ▼ 40.0% |
| Current assets29/58 | €21,626 | €9,779 | €11,507 | €23,734 | €15,045 | ▼ 36.6% |
| Stocks and contracts in progress3 | €864 | €738 | €1,251 | €1,468 | €1,712 | ▲ 16.6% |
| Stocks30/36 | €864 | €738 | €1,251 | €1,468 | €1,712 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €17,249 | €2,536 | €8,319 | €15,734 | €10,378 | ▼ 34.0% |
| Trade receivables40 | €17,249 | €700 | €5,675 | €7,987 | €3,682 | ▼ 53.9% |
| Other amounts receivable41 | - | €1,836 | €2,644 | €7,747 | €6,696 | ▼ 13.6% |
| Cash at bank and in hand54/58 | €3,429 | €5,851 | €1,259 | €4,963 | €2,019 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | €83 | €655 | €677 | €1,570 | €937 | ▼ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,439 | €54,435 | €45,041 | €48,032 | €28,187 | ▼ 41.3% |
| Equity10/15 | €12,953 | €24,862 | €19,433 | €19,867 | €11,817 | ▼ 40.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €15,970 | €15,970 | €15,970 | €15,970 | €15,970 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €14,110 | €14,110 | €14,110 | €14,110 | €14,110 | = |
| Profit (loss) carried forward14 | -€15,416 | -€3,507 | -€8,936 | -€8,502 | -€16,553 | ▼ 94.7% |
| Amounts payable17/49 | €21,486 | €29,572 | €25,608 | €28,165 | €16,370 | ▼ 41.9% |
| Amounts payable after more than one year17 | - | €16,035 | €12,586 | €5,374 | €1,604 | ▼ 70.2% |
| Financial debts170/4 | - | €16,035 | €12,586 | €5,374 | €1,604 | ▼ 70.2% |
| Amounts payable within one year42/48 | €21,486 | €13,537 | €13,021 | €22,791 | €14,767 | ▼ 35.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,660 | €3,770 | ▲ 3.0% |
| Financial debts43 | €2,752 | - | - | €48 | €1,092 | ▲ 2,154% |
| Credit institutions430/8 | €2,752 | - | - | €48 | €1,092 | ▲ 2,154% |
| Trade debts44 | €4,294 | €7,668 | €1,674 | €1,904 | €2,647 | ▲ 39.0% |
| Suppliers440/4 | €4,294 | €7,668 | €1,674 | €1,904 | €2,647 | ▲ 39.0% |
| Taxes, remuneration and social security45 | €4,762 | €4,269 | €9,947 | €17,178 | €5,433 | ▼ 68.4% |
| Taxes450/3 | €4,762 | €4,269 | €9,947 | €12,828 | €5,433 | ▼ 57.7% |
| Remuneration and social security454/9 | - | - | - | €4,350 | €0 | ▼ 100% |
| Other amounts payable47/48 | €9,677 | €1,600 | €1,400 | - | €1,826 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,003 | €11,909 | -€5,429 | €434 | -€8,178 | ▼ 1,986% |
| + Depreciation and write-downs630 | €2,244 | €7,874 | €11,121 | €11,237 | €11,156 | ▼ 0.7% |
| Operating cash flow (approximation) | €5,247 | €19,783 | €5,692 | €11,671 | €2,977 | ▼ 74.5% |
| Investment in fixed assets (approximation) | - | -€39,716 | €0 | -€2,000 | €0 | ▲ 100% |
| Change in cash | - | €2,422 | -€4,592 | €3,704 | -€2,944 | ▼ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€8,178
Net result drops to -€8,178, the lowest in the series.
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Back to profitnet €434
Net result €434 after one loss-making year.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €11,909 ▲297%
Operating result €12,937, net result €11,909, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,003
Net result €3,003 after one loss-making year.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bornem · 2 establishment units since 1992
Ground area
815 m²
Building footprint
353 m²
Volume, LiDAR
1,874 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ICARUS HEIGHTS
since 19922.057.857.572
SOIGNEUR cuts&coffee
since 20212.316.394.444
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362H0711/00M000 | Flanders | 528 m² | 1 · 129 m² | 11.1 m · 2 fl. |
| 12038B0010/00Z000 | Flanders | 287 m² | 1 · 224 m² | 6.6 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.
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Of 980 companies in this sector we hold annual accounts for 143. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
74209Other photographic activities
47742Retail sale of prescription glasses, lenses and sunglasses
Contact
E-mail
bert@vanlent.beBornem
Phone
0478234737Bornem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446796450
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.