ICB
ActiveSummary
ICB has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+70
Solvency53▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.62 in 2023; short-term debt: 65.8% and cash: 7.8% of total assets), and 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
28.4%
Return on assets
11.8%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €73k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
62 d late
2022
61 d late
2021
61 d late
2020
59 d late
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k
2023 · €-9k
Working capital
€-62k▼ 4.6%
2023 · €-59k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-34k€-15k▲ 55.6%€58k€-5k€38k
Net result€-37k€-18k▲ 51.7%€58k€-9k€31k
Equity€12k▼ 75.5%€-6k€52k€43k▼ 18.2%€73k▲ 71.3%
Total assets€218k▼ 17.2%€195k▼ 10.3%€258k▲ 31.8%€247k▼ 4.2%€258k▲ 4.7%
Debt€206k▼ 3.7%€201k▼ 2.1%€205k▲ 2.0%€204k▼ 0.7%€185k▼ 9.2%
Working capital€-18k€-54k▼ 193%€-23k▲ 56.9%€-59k▼ 154%€-62k▼ 4.6%
Staff (FTE)1▲ 11.1%0.1▼ 90.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €38k after a loss of €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258k
Fixed assets
€150k ▼ 0.1%
Current assets
€108k ▲ 12.3%
Equity and liabilities €258k
Equity
€73k ▲ 71.3%
Debt
€185k ▼ 9.2%
Debt's share of the balance-sheet total falls from 82.7% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2023 · €-5k
Cash flow
€31k▲
2023 · €-9k
Current ratio
0.64▲
2023 · 0.62
Quick ratio
0.55▲
2023 · 0.53
Debt to equity
2.53▼
2023 · 4.77
ROE
41.6%▲
2023 · -22.2%
ROA
11.8%▲
2023 · -3.8%
Interest coverage
26.16▲
2023 · -1.15
Debt ≤ 1 year
€170k▲
2023 · €155k
Debt > 1 year
€15k▼
2023 · €48k
Income taxes
€6k▲
2023 · €0
Staff costs
€235▼
2023 · €337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €6k | €526 | €337 | €235 | ▼ 30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €705 | €825 | €807 | €121 | ▼ 85.0% |
| Other operating charges640/8 | - | €360 | €422 | €372 | €387 | ▲ 4.3% |
| Non-recurring operating charges66A | - | - | €250 | - | - | - |
| Gross operating margin9900 | €2k | €-8k | €60k | €-4k | €39k | ▲ 1,078% |
| Operating profit (loss)9901 | €-34k | €-15k | €58k | €-5k | €38k | ▲ 793% |
| Financial income75/76B | - | €1 | €3k | €4 | €1 | ▼ 75.2% |
| Recurring financial income75 | - | €1 | €3k | €4 | €1 | ▼ 75.2% |
| Non-recurring financial income76B | - | - | €3k | - | - | - |
| Financial charges65/66B | - | €3k | €2k | €4k | €1k | ▼ 64.1% |
| Recurring financial charges65 | €3k | €3k | €2k | €4k | €1k | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €-37k | €-18k | €59k | €-9k | €36k | ▲ 483% |
| Income taxes67/77 | - | - | €329 | €0 | €6k | - |
| Profit (loss) for the period9904 | €-37k | €-18k | €58k | €-9k | €31k | ▲ 421% |
| Profit (loss) for the period to be appropriated9905 | €-37k | €-18k | €58k | €-9k | €31k | ▲ 421% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218k | €195k | €258k | €247k | €258k | ▲ 4.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €160k | €152k | €151k | €150k | €150k | ▼ 0.1% |
| Tangible fixed assets22/27 | €10k | €2k | €928 | €121 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €281 | €140 | €0 | €0 | - |
| Furniture and vehicles24 | - | €1k | €788 | €121 | €0 | ▼ 100% |
| Financial fixed assets28 | €150k | €150k | €150k | €150k | €150k | = |
| Current assets29/58 | €57k | €44k | €107k | €97k | €108k | ▲ 12.3% |
| Stocks and contracts in progress3 | €14k | €7k | €7k | €14k | €15k | ▲ 10.9% |
| Stocks30/36 | - | €7k | €7k | €14k | €15k | ▲ 10.9% |
| Amounts receivable within one year40/41 | €8k | €30k | €45k | €74k | €73k | ▼ 1.7% |
| Trade receivables40 | - | €27k | €42k | €71k | €70k | ▼ 2.2% |
| Other amounts receivable41 | - | €2k | €3k | €3k | €3k | ▲ 12.8% |
| Cash at bank and in hand54/58 | €34k | €7k | €55k | €9k | €20k | ▲ 135% |
| Deferred charges and accrued income490/1 | - | €364 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218k | €195k | €258k | €247k | €258k | ▲ 4.7% |
| Equity10/15 | €12k | €-6k | €52k | €43k | €73k | ▲ 71.3% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €4k | €-14k | €44k | €35k | €65k | ▲ 87.9% |
| Amounts payable17/49 | €206k | €201k | €205k | €204k | €185k | ▼ 9.2% |
| Amounts payable after more than one year17 | €129k | €102k | €76k | €48k | €15k | ▼ 68.8% |
| Financial debts170/4 | - | €102k | €76k | €48k | €15k | ▼ 68.8% |
| Amounts payable within one year42/48 | €76k | €97k | €130k | €155k | €170k | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | €26k | €27k | €27k | €33k | ▲ 22.5% |
| Financial debts43 | - | €25 | €0 | - | - | - |
| Credit institutions430/8 | - | €25 | €0 | - | - | - |
| Trade debts44 | €38k | €57k | €84k | €72k | €63k | ▼ 13.0% |
| Suppliers440/4 | - | €57k | €84k | €72k | €63k | ▼ 13.0% |
| Taxes, remuneration and social security45 | - | €2k | €329 | €329 | €8k | ▲ 2,287% |
| Taxes450/3 | - | €2k | €329 | €329 | €8k | ▲ 2,287% |
| Other amounts payable47/48 | - | €13k | €18k | €56k | €66k | ▲ 18.4% |
| Accrued charges and deferred income492/3 | - | €1k | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €-18k | €58k | €-9k | €31k | ▲ 421% |
| + Depreciation and write-downs630 | €9k | €705 | €825 | €807 | €121 | ▼ 85.0% |
| Operating cash flow (approximation) | €-28k | €-17k | €59k | €-9k | €31k | ▲ 453% |
| Investment in fixed assets (approximation) | - | €8k | €0 | €0 | €0 | - |
| Change in cash | - | €-27k | €48k | €-46k | €12k | ▲ 125% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Grâce-Hollogne · 1 establishment unit since 2018
Ground area
4,837 m²
Building footprint
1,026 m²
Volume, LiDAR
5,904 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ICB
since 20182.274.454.614
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0135/00B004 | Wallonia | 4,475 m² | 1 · 937 m² | 7.3 m · 2 fl. |
| 62073B0530/00M000 | Wallonia | 362 m² | 1 · 89 m² | - |
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 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,999 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43310Plastering work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.