ICDATA
ActiveSummary
ICDATA has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,000 and a net result of €40,914. Equity is shrinking by about 6537% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 10% of 21,074 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1,000
- Profit
- €40,914
Why 92raises riskEquity €1,000 (1.3% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €77,104Liquidity: current ratio 0.97, cash €30,255, halvedShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 10% on solvency, 24% on liquidity, 82% on profitability and 41% on growth.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 16 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2023 to 2025net €43,557 ▲3.4%
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,153 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €2,891 | €0 | €197 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,674 | €2,702 | €2,703 | = |
| Other operating charges640/8 | €508 | €449 | €541 | ▲ 20.3% |
| Non-recurring operating charges66A | €2,295 | €0 | €212 | - |
| Gross operating margin9900 | €57,853 | €55,871 | €57,804 | ▲ 3.5% |
| Operating profit (loss)9901 | €51,375 | €52,720 | €54,348 | ▲ 3.1% |
| Financial income75/76B | €2,097 | €2,590 | €1,756 | ▼ 32.2% |
| Recurring financial income75 | €2,097 | €2,590 | €1,756 | ▼ 32.2% |
| Financial charges65/66B | €101 | €105 | €154 | ▲ 45.9% |
| Recurring financial charges65 | €101 | €105 | €154 | ▲ 45.9% |
| Profit (loss) for the period before taxes9903 | €53,372 | €55,205 | €55,951 | ▲ 1.4% |
| Income taxes67/77 | €11,260 | €11,647 | €15,037 | ▲ 29.1% |
| Profit (loss) for the period9904 | €42,112 | €43,557 | €40,914 | ▼ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €42,112 | €43,557 | €40,914 | ▼ 6.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €164,312 | €195,610 | €77,104 | ▼ 60.6% |
| Fixed assets21/28 | €5,387 | €2,921 | €3,600 | ▲ 23.3% |
| Tangible fixed assets22/27 | €5,387 | €2,686 | €3,365 | ▲ 25.3% |
| Furniture and vehicles24 | €5,387 | €2,686 | €3,365 | ▲ 25.3% |
| Financial fixed assets28 | - | €235 | €235 | = |
| Current assets29/58 | €158,924 | €192,689 | €73,504 | ▼ 61.9% |
| Amounts receivable within one year40/41 | €93,166 | €98,533 | €42,840 | ▼ 56.5% |
| Trade receivables40 | €51,340 | €46,654 | €40,488 | ▼ 13.2% |
| Other amounts receivable41 | €41,826 | €51,880 | €2,353 | ▼ 95.5% |
| Cash at bank and in hand54/58 | €65,743 | €94,074 | €30,255 | ▼ 67.8% |
| Deferred charges and accrued income490/1 | €15 | €82 | €408 | ▲ 396% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €164,312 | €195,610 | €77,104 | ▼ 60.6% |
| Equity10/15 | €131,746 | €1,000 | €1,000 | = |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €129,865 | €0 | - | - |
| Distributable reserves133 | €129,865 | €0 | - | - |
| Profit (loss) carried forward14 | €880 | €0 | €0 | - |
| Amounts payable17/49 | €32,566 | €194,610 | €76,104 | ▼ 60.9% |
| Amounts payable within one year42/48 | €32,560 | €194,610 | €76,104 | ▼ 60.9% |
| Financial debts43 | - | €74 | €189 | ▲ 155% |
| Credit institutions430/8 | - | €74 | €189 | ▲ 155% |
| Trade debts44 | €17,248 | €9,045 | €18,129 | ▲ 100% |
| Suppliers440/4 | €17,248 | €9,045 | €18,129 | ▲ 100% |
| Taxes, remuneration and social security45 | €15,312 | €11,188 | €12,709 | ▲ 13.6% |
| Taxes450/3 | €15,312 | €11,188 | €12,709 | ▲ 13.6% |
| Other amounts payable47/48 | €0 | €174,303 | €45,077 | ▼ 74.1% |
| Accrued charges and deferred income492/3 | €6 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,112 | €43,557 | €40,914 | ▼ 6.1% |
| + Depreciation and write-downs630 | €3,674 | €2,702 | €2,703 | = |
| Operating cash flow (approximation) | €45,786 | €46,259 | €43,617 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€235 | -€3,382 | ▼ 1,339% |
| Change in cash | - | €28,331 | -€63,818 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197687 |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00301127 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00300755 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| de GHELLINCK d'ELSEGHEM VAERNEWIJCK Pascal |
|
Owners and capital
Capital and shareholders
- 11-01-2024 Converted to unavailable equity · €1,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-01
Gazette deed
Resignation: de GHELLINCK d'ELSEGHEM VAERNEWIJCK Pascal (manager)Appointment: de GHELLINCK d'ELSEGHEM VAERNEWIJCK Pascal (director) · Auditor report · Approval20 facts ▸
- General meeting, 28-12-2023
- Other provision, “vrijstelling lezing verslagen, eenparigheid van stemmen” (deed in Dutch)
- Auditor report, “verkregen onderbouwende informatie voldoende en geschikt, inlichtingen bij voor financiën en administratie verantwoordelijken, cijferanalyses en beoordelingswer…” (deed in Dutch)
- Approval, “eenparig, verslagen en staat” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Other provision, “hoofdelijke aansprakelijkheid gecommanditeerde vennoten na omzetting, gecommanditeerde vennoten en vennoten onder firma” (deed in Dutch)
- Other provision, “voortzetting geschriften en boekhouding, geschriften en boekhouding zoals gehouden door commanditaire vennootschap” (deed in Dutch)
- Other provision, “Antwerpen, behoud inschrijvingsnummer rechtspersonenregister” (deed in Dutch)
- Net-asset statement, 30-09-2023
- Accounting effect, 30-09-2023
- Other provision, “overeenkomstig aandeel in kapitaal commanditaire vennootschap”, 100 (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- +8 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71011I0038/00A000 | Flanders | 1,123 m² | 1 · 170 m² | 13.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “ICT consultancy activiteiten; Software ontwikkeling; Ontwerpen en programmeren van computerprogramma's; IT solutions design; Overige…” (deed in Dutch)
10 activities (deed in Dutch)
- ICT consultancy activiteiten
- Software ontwikkeling
- Ontwerpen en programmeren van computerprogramma's
- IT solutions design
- Overige diensten op het gebied van informatietechnologie en computer
- Data engineering en data analysis
- Gegevensverwerking, webhosting en aanverwante activiteiten
- Beheer van computerfaciliteiten
- Webportalen
- Zakelijke dienstverlening, n.e.g.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ICDATA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal/duur/bevoegdheid bij meerdere, 1” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register aandelen op naam met WVV-vermeldingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed