Iceflow
Iceflow has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €14k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 516 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €90k |
| Net result | €14k |
| Better than sector | 46% |
| Active | 6 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
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 | 41.9% | 46.0% | |
| Net result | €14k | €55k | |
| Equity | €90k | €216k | |
| Gross operating margin | €19k | €98k | |
| Total assets | €215k | €811k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | -43.0% | +7.3% | -5.5% | - |
| Net profit | -29.7% | -10.5% | +1.8% | - |
| Cash flow | -29.3% | -9.3% | +1.2% | - |
| Staff costs | - | - | - | - |
| Income taxes | -62.0% | +20.0% | +7.0% | - |
| Dividends | - | - | - | - |
| Total assets | +31.8% | +5.2% | +38.1% | - |
| Equity | 0.0% | +29.1% | +48.1% | - |
| Debt | +71.0% | -14.4% | +30.9% | - |
| of which ≤ 1y | +76.8% | -16.4% | +30.3% | - |
| of which > 1y | - | - | - | - |
| Working capital | -0.1% | +32.6% | +47.1% | - |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.76 | 2.34 | 1.85 | 1.75 |
| Quick ratio | 1.76 | 2.34 | 1.85 | 1.75 |
| Working capital ratio | 42.9% | 56.5% | 44.9% | 42.1% |
| Solvency | 41.9% | 55.3% | 45.0% | 42.0% |
| Debt / equity | 1.38 | 0.81 | 1.22 | 1.38 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 5.99 | 7.53 | 10.68 | 44.49 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 6.6% | 12.4% | 14.6% | 19.8% |
| ROE | 15.8% | 22.5% | 32.5% | 47.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €215k | €163k | €155k | €112k |
| Fixed assets | 21/28 | €1k | €2k | €3k | €2k |
| Tangible fixed assets | 22/27 | €1k | €2k | €3k | €2k |
| Current assets | 29/58 | €213k | €161k | €152k | €110k |
| Amounts receivable within one year | 40/41 | €100k | €150k | €135k | €105k |
| Cash & bank | 54/58 | €1k | €10k | €17k | €6k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €215k | €163k | €155k | €112k |
| Equity | 10/15 | €90k | €90k | €70k | €47k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k |
| Reserves | 13 | €89k | €89k | €69k | €46k |
| Accumulated profits (losses) | 14 | €0 | - | - | - |
| Amounts payable | 17/49 | €125k | €73k | €85k | €65k |
| Amounts payable within one year | 42/48 | €121k | €69k | €82k | €63k |
| Trade debts payable within one year | 44 | €577 | - | - | €0 |
| Income statement | |||||
| Gross operating margin | 9900 | €19k | €34k | €31k | €33k |
| Operating result | 9901 | €18k | €32k | €30k | €32k |
| Financial income | 75 | €4k | €4k | €5k | €10 |
| Financial charges | 65 | €3k | €4k | €3k | €737 |
| Result before taxes | 9903 | €19k | €32k | €32k | €31k |
| Income taxes | 67/77 | €4k | €11k | €9k | €9k |
| Net result for the period | 9904 | €14k | €20k | €23k | €22k |
| Result to be appropriated | 9905 | €14k | €20k | €23k | €22k |
| NACE primary | Activities of head offices(70100) |
| Legal form | Private limited company(610) |
| Incorporation | 13-01-2020 |
| Status | Active |
| Postal code | 2610 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0395/00L000 | Flanders | 407 m² | 1 · 189 m² | 9.7 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-01-2026 Registered office moved from Stabroek to Wilrijk
- Abtsdreef 143, 2940 Stabroek → Laaglandweg 77, 2610 Wilrijk
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Wilrijk",
"region": "Vlaams Gewest",
"street": "Laaglandweg",
"country": "BE",
"postcode": "2610",
"box_number": "101",
"street_number": "77"
},
"old_address": {
"city": "Stabroek",
"region": "Vlaams Gewest",
"street": "Abtsdreef",
"country": "BE",
"postcode": "2940",
"box_number": "1B",
"street_number": "143"
},
"effective_date": "2025-12-01",
"evidence_quote": "Het bestuur beslist dat de zetel van de vennootschap zal worden verplaatst van Abtsdreef 143 bus 1B, 2940 Stabroek naar Laaglandweg 77 bus 101, 2610 Wilrijk, en dit vanaf 01/12/2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0741.460.872",
"name_full": "ICEFLOW",
"legal_form": "BV"
}
}14-06-2023 Registered office moved from Turnhout to Stabroek
- Parklaan 106, 2300 Turnhout → Abtsdreef 143, 2940 Stabroek
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Stabroek",
"region": null,
"street": "Abtsdreef",
"country": "BE",
"postcode": "2940",
"box_number": "1B",
"street_number": "143"
},
"old_address": {
"city": "Turnhout",
"region": null,
"street": "Parklaan",
"country": "BE",
"postcode": "2300",
"box_number": null,
"street_number": "106"
},
"effective_date": "2023-04-01",
"evidence_quote": "De bestuurder beslist om de maatschappelijke zetel van de vennootschap te verplaatsen van Parklaan 106, 2300 Turnhout naar Abtsdreef 143 Bus 1B, 2940 Stabroek, en dit met ingang vanaf 01/04/2023."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0741.460.872",
"name_full": "ICEFLOW",
"legal_form": "BV"
}
}24-12-2021 Registered office moved from Antwerpen to Turnhout
- Vuurmolenstraat 27, 2610 Antwerpen → Parklaan 106, 2300 Turnhout
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Turnhout",
"region": null,
"street": "Parklaan",
"country": "BE",
"postcode": "2300",
"box_number": null,
"street_number": "106"
},
"old_address": {
"city": "Antwerpen",
"region": null,
"street": "Vuurmolenstraat",
"country": "BE",
"postcode": "2610",
"box_number": null,
"street_number": "27"
},
"effective_date": "2021-09-23",
"evidence_quote": "Bij beslissing van het bestuursorgaan wordt de maatschappelijke zetel van de vennootschap verplaatst van Vuurmolenstraat 27 te 2610 Antwerpen naar: Parklaan 106 2300 Turnhout. Met ingang van 23 september 2021."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0741.460.872",
"name_full": "ICEFLOW",
"legal_form": "BV"
}
}15-01-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2610 Wilrijk, Vuurmolenstraat 27",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "REESTMAN Dylan",
"niss": null,
"address": "2610 Wilrijk, Vuurmolenstraat 27"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": "REESTMAN Dylan",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 1000,
"subject_company": {
"kbo": "0741.460.872",
"name_full": "Iceflow",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-01-09",
"post_incorporation_mandates": []
}| Legal nameNL | Iceflow |