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ICE LOUISE

Active
Public limited companyfounded 201214 yrs activeRue de la Drève 44, 6600 Bastogne, BelgiumKBO/BCE: BE 0846.999.446
Summary

ICE LOUISE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€310,518) and a net result of -€178,836. Equity is shrinking by ~47.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
ICE LOUISEActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Toutes activités et opérations d'une société d'investissement et de holding, en ce compris: -l'investissement…
From the articlesNo NACE code in the KBO yet1 site
Size
€2.6mtotal assets 2025
Equity
-€310,518
Loss
-€178,836
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.1%
Structure
Parent
ICE PATRIMONIAL · 100%
Board
2 members
Holdings
1
Accounts filed 31 d late2 of 7 deeds read
Why 53Capped at 59: negative equity- 1 change of registered office in 24 months- Negative equity -€310,518+ Size: total assets €2.6m+ Figures for FY 2025 (filed 31-08-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 13-3
equity -12.1% of total assets
Liquidity 49-4
short-term debt 13.8% · cash 0.9%
Profitability 10-7
return on assets -6.9%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 22 months 01-2025: 0.5% 02-2025: 0.5%▲ +2.0% vs 01-2025 03-2025: 0.5%▼ -2.4% vs 02-2025 04-2025: 0.4%▼ -6.6% vs 03-2025 05-2025: 0.4%▲ +1.2% vs 04-2025 06-2025: 0.5%▲ +21.2% vs 05-2025 07-2025: 0.6%▲ +9.0% vs 06-2025 08-2025: 0.8%▲ +40.7% vs 07-2025 09-2025: 0.9%▲ +11.2% vs 08-2025 10-2025: 0.2%▼ -78.0% vs 09-2025lowest value 11-2025: 0.2%● 0.0% vs 10-2025lowest value 12-2025: 0.2%● 0.0% vs 11-2025lowest value 01-2026: 0.2%▲ +12.3% vs 12-2025 02-2026: 0.2%▲ +6.8% vs 01-2026 03-2026: 0.2%▼ -1.7% vs 02-2026 04-2026: 0.2%▼ -7.0% vs 03-2026 05-2026: 0.2%▲ +11.7% vs 04-2026 06-2026: 1.0%▲ +326% vs 05-2026 07-2026: 1.1%▲ +10.4% vs 06-2026 08-2026: 1.4%▲ +23.4% vs 07-2026highest value 09-2026: 1.1%▼ -22.9% vs 08-2026 10-2026: 1.1%● 0.0% vs 09-2026
  • Size: total assets €2.6m lowers the probability for this profile
  • 1 change of registered office in 24 months raises the probability
  • Negative equity -€310,518 raises the probability
  • Figures for FY 2025 (filed 31-08-2026) lowers the probability
No credit on open account
Liquidity short (current ratio 0.09 against 0.28 in 2024; short-term debt: 13.8% and cash: 0.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 4%, liquidity 39%, profitability 3%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €2.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Negative equity -€310,518
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 31-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€310,518
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
60 d late
2021
46 d late
2020
89 d late
2019
144 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Jean-Michel LUDOVICY (director)Registered-office move · Director discharge
  3. Capital & shares · Statutes amendment…Reappointments: LUTGEN Jean-Pierre, JACQUES Laurence…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€310,518 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€178,836 View
  • Caution: Result fell in 2025from -€103,003 to -€178,836 ▼ 73.6% View
  • Controlled by ICE PATRIMONIALitself parent of 1 companies 100% View
  • Merger with ROMERCOmerger on 01-01-2025 2025 View
  • A director leftlatest change 22-05-2026 · 2 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€2.6m
Loss
-€178,836
Solvency
-12.1%
Total assets▲ 0.4%
Net result
20182025
Go to Financials

Network & group

Subsidiaries
1
Connected companies
1
Mergers and contributions
1

1 subsidiary

Go to Network & group

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 22-05-2026Resignation: Jean-Michel LUDOVICY (director)
  3. 21-01-2026Capital & shares · Statutes amendment ·…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
29-06-2012
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
1
Purpose
Toutes activités et opérations d'une société d'investissement et de holding, en ce…
Go to Articles of association

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