Equity
€341,160 ▲ 91.1%
Equity rose in 2025 from €178,513 to €341,160.
Icefactory Europe
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €1.3m (2025)
€1.3m▲ 16×
Resultlowest -€1.2m (2023)
€162,646▲ €933,583
Equitypeak €341,160 (2025)
€341,160▲ 91.1%
Debts
€7.2m▲ 26.0%
Staffpeak 6.4 FTE (2025)
6.4 FTE▲ 42.2%
Board6 names since 2021
3 directorsLANGENS Rudi Jaak Jozef and 2 others
Owners
37.5%Allegro LD
Documentsfilings and deeds
06-02-2026175 days before the deadline
2025abbreviated format
Gross margin from €83,258 to €1.3mBack to profit: €162,646Staff from 4.5 FTE to 6.4 FTEEquity from €178,513 to €341,160Debts from €5.7m to €7.2mInvestments €2.7m
Key points
from the 2025 annual accountsTurnover
≈ €2.3m estimated
The abbreviated format states no turnover.
Debts
€7.2m 95% of the balance sheet
Financial debts 50%Suppliers 2%Taxes and wages 0%Other 48%
€3.0m of the debts are secured on the company's own assets. In 2023 that was €1.5m.
Investments
€2.7m 7.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 12.5% higher than in 2024.
Staff
8 employees on 31-12-2025
In 2025, 2 people joined and 0 left.
Board
1 left
A director left. Latest change 30-12-2025 · 3 in office.
Checked score
66
Healthy
Financially stronger than 42% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 543 companies (NACE 35, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.4%● unchanged vs 12-2024
02-2025: 3.4%● unchanged vs 01-2025
03-2025: 3.9%▲ +0.5 percentage points vs 02-2025
04-2025: 4.2%▲ +0.3 percentage points vs 03-2025
05-2025: 4.6%▲ +0.4 percentage points vs 04-2025highest value
06-2025: 3.7%▼ -0.9 percentage points vs 05-2025
07-2025: 3.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%▼ -1.9 percentage points vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.3%▼ -0.6 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.23, cash €65,701, halved
Equity €341,160 (4.5% of total assets)
lowers risk
Figures for financial year 2025 (filed on 06-02-2026)
Founded in 2016
Calculation
The band follows from the bankruptcy probability. 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 35, micro). It does better than 21% of them on solvency, 15% on liquidity, 41% on profitability and 92% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,375 companies had the same profile as Icefactory Europe has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
1.6%
stopped another way
2.2%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Icefactory Europe itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,375 companies, not a prediction for Icefactory Europe. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.23 (0.4 in 2024), below 1. Short-term debt is 52.4% and cash 0.9% of total assets. 95.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 350 sector peers (2025).
NBB · sector comparisonPosition among 350 sector peers
Solvency
better than 20%
← weakest
strongest →
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 06-02-2026, 175 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
175 days early
2024
1 day early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 59 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (3 of the last 3 accounts filed within 174 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
P
PLE
Director, WAUMANS Xavier, since 02-05-2023
- Allegro LD 37.5%equity €9.5m (2025) · 2025 annual accounts of Allegro LD
Recent changes
Resignation: Michaël Beers (director)
General meeting of 30-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0651797438
Capital contribution
Gazette deed
Environmental permit granted
Bouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Het reliëf van de bodem aanmerkelijk wijzigen and 4 more · Beerse
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Icefactory Europe Beerse | €7.6m | €1.3m | 4.5% | 6.4 |
| Icelander Oudenaarde | €4.7m | €0.7m | 10.1% | 8.5 |
| CASTLE ICE Oudenaarde | €13.0m | €1.3m | 17.9% | 5.8 |
| KARNO Woluwe-Saint-Pierre | €6.7m | €0.7m | 8.7% | 7.1 |
| 528 PRODUCTIONS Waregem | €8.0m | €3.2m | 1.0% | 15.3 |
| NOVEN NOORD Ghent | €18.0m | €0.5m | 55.6% | - |
| WARMTE VERZILVERD Antwerp | €4.2m | €0.2m | 65.9% | - |
These companies have the same main activity as Icefactory Europe: electricity, gas, steam and air conditioning supply (NACE 35300). They are comparable in size and age: total assets between €4.2m and €18m, founded between 2006 and 2021.
Official details
Source: KBO- Status
- Active since 01-04-2016Normal situation
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35300and 3 others
- Joint committees
- 220White-collar workers in the food industry
- 118Food industry · annual accounts 2024
- Establishment unit
- 2.251.926.9572340 Beerse, since 11-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2025
Annual accounts 2025
- Total assets
- €7.6m▲ 28.0%
- Employeeson 31-12-2025
- 8▲ 33.3%
- Filing
- Filed on 06-02-2026, 175 days before the end of the filing period
Insights on Icefactory Europe
Icefactory Europe files the abbreviated format. That format states no turnover. The gross margin rose from -€993,671 in 2023 to €1.3m in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Icefactory Europe
- What is the company number of Icefactory Europe?
- The company number of Icefactory Europe is 0651.797.438. The VAT number is the same number with BE in front: BE 0651.797.438.
- Where is Icefactory Europe based?
- The registered office is at Lilsedijk 22, 2340 Beerse.Company details
- What does Icefactory Europe do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35300).
- What is the legal form of Icefactory Europe?
- Icefactory Europe is a private limited company (BV).
- When was Icefactory Europe founded?
- Icefactory Europe was founded on 01-04-2016.
- Is Icefactory Europe still active?
- Yes, Icefactory Europe is an active enterprise in the KBO register.
- How many employees does Icefactory Europe have?
- Icefactory Europe had an average of 6.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Icefactory Europe fall under?
- In its 2024 annual accounts, Icefactory Europe states joint committees 220 (White-collar workers in the food industry) and 118 (Food industry).
- What is the turnover of Icefactory Europe?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €1.3m and 1,585 comparable companies of the same size. It probably lies between €1.5m and €3.7m. It is a rough estimate. In financial year 2024 turnover was €2.0m.
- Is Icefactory Europe profitable?
- In financial year 2025, Icefactory Europe made a profit of €162,646.
- Where can I find the annual accounts of Icefactory Europe?
- Icefactory Europe filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Icefactory Europe due?
- Icefactory Europe must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.