Icarus Motors
The computed 12-month bankruptcy probability of Icarus Motors is 1.8% (moderate). The 2024 annual accounts show equity of €223k and a net result of €22k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 45% of 1230 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €223k |
| Net result | €22k |
| Staff (FTE) | 5.4 |
| Better than sector | 45% |
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.7% | 20.3% | |
| Net result | €22k | €25k | |
| Equity | €223k | €142k | |
| Gross operating margin | €316k | €215k | |
| Staff costs | €241k | €160k |
Show 11 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €64k |
| Net profit | €22k |
| Cash flow | €43k |
| Staff costs | €241k |
| Income taxes | €7k |
| Dividends | - |
| Total assets | €1.34M |
| Equity | €223k |
| Debt | €1.12M |
| of which ≤ 1y | €861k |
| of which > 1y | €256k |
| Working capital | €421k |
| Employees (FTE) | 5.4 |
| 2024 | |
|---|---|
| Current ratio | 1.49 |
| Quick ratio | 0.52 |
| Working capital ratio | 31.4% |
| Solvency | 16.7% |
| Debt / equity | 5.00 |
| Long-term debt ratio | 1.14 |
| Interest coverage | 4.71 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.6% |
| ROE | 9.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.34M |
| Fixed assets | 21/28 | €59k |
| Formation expenses | 20 | €202 |
| Intangible fixed assets | 21 | €13k |
| Tangible fixed assets | 22/27 | €41k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €1.28M |
| Stocks & contracts in progress | 3 | €830k |
| Amounts receivable within one year | 40/41 | €142k |
| Cash & bank | 54/58 | €298k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.34M |
| Equity | 10/15 | €223k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €217k |
| Amounts payable | 17/49 | €1.12M |
| Amounts payable after one year | 17 | €256k |
| Amounts payable within one year | 42/48 | €861k |
| Trade debts payable within one year | 44 | €748k |
| Income statement | ||
| Gross operating margin | 9900 | €316k |
| Operating result | 9901 | €42k |
| Financial income | 75 | €374 |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €29k |
| Income taxes | 67/77 | €7k |
| Net result for the period | 9904 | €22k |
| Result to be appropriated | 9905 | €22k |
Former directors (1)
-
Former- → 02-02-2026
| NACE primary | Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811) |
| Legal form | Private limited company(610) |
| Incorporation | 13-12-2020 |
| Status | Active |
| Postal code | 3980 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C1394/00E000 | Flanders | 9,448 m² | 1 · 1,062 m² | 7.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
19-03-2026 1 director appointed, 1 resigning
- BV WINGMAN ACCOUNTANTS, Accountant
- Giovanni Notenbaert, Bestuurder
Technical details
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"notulen van de algemene vergadering dd. 23/02/2026"
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"corrected_publication_numac": null
}16-12-2020 Incorporation of a new BV
Technical details
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}| Legal nameNL | Icarus Motors |