ICHO
ActiveSummary
The computed 12-month bankruptcy probability of ICHO is 2.1% (moderate). The annual accounts of ICHO for fiscal year 2025 show a net loss of 107% of total assets and of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €7,132 and a net result of -€8,031. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 11472 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 20.14 against 3.79 in 2024; short-term debt: 5% and cash: 34.5% of total assets), and 5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
95%
Return on assets
-107%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 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 · 6 filingsDeviation from the deadline
2025
30 d late
2024
on the day
2023
on the day
2022
3 d late
2021
25 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,132▼ 53.0%
2024 · €15,163
Total assets
€7,505▼ 63.5%
2024 · €20,586
Net result
-€8,031
2024 · €7,740
Working capital
€7,132▼ 52.8%
2024 · €15,126
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,572▲ 104%-€18,977-€1,918▲ 89.9%€8,645-€7,983
Net result€15,480within the sector's middle half▲ 85.1%-€19,950below the sector's middle half-€2,868within the sector's middle half▲ 85.6%€7,740within the sector's middle half-€8,031below the sector's middle half
Equity€30,241within the sector's middle half▲ 105%€10,291within the sector's middle half▼ 66.0%€7,422within the sector's middle half▼ 27.9%€15,163within the sector's middle half▲ 104%€7,132within the sector's middle half▼ 53.0%
Total assets€73,506within the sector's middle half▲ 95.6%€53,032below the sector's middle half▼ 27.9%€36,922below the sector's middle half▼ 30.4%€20,586below the sector's middle half▼ 44.2%€7,505below the sector's middle half▼ 63.5%
Debt€43,264▲ 89.5%€42,741▼ 1.2%€29,500▼ 31.0%€5,423▼ 81.6%€373▼ 93.1%
Working capital-€884-€12,397▼ 1,302%-€5,550▲ 55.2%€15,126€7,132▼ 52.8%
Solvency41.1%within the sector's middle half▲ 1.9pp19.4%within the sector's middle half▼ 21.7pp20.1%within the sector's middle half▲ 0.7pp73.7%above the sector's middle half▲ 53.6pp95.0%above the sector's middle half▲ 21.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,983 after €8,645 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7,505
Equity
€7,132 ▼ 53.0%
Debt
€373 ▼ 93.1%
Debt's share of the balance-sheet total falls from 26.3% to 5.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,946▼
2024 · €21,580
Cash flow
-€7,994▼
2024 · €20,676
Current ratio
20.14▲
2024 · 3.79
Debt to equity
0.05▼
2024 · 0.36
ROE
-112.6%▼
2024 · 51.0%
ROA
-107.0%▼
2024 · 37.6%
Interest coverage
-89.79▼
2024 · 37.46
Debt ≤ 1 year
€373▼
2024 · €5,423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,333 | €10,057 | €9,715 | €12,936 | €37 | ▼ 99.7% |
| Other operating charges640/8 | - | €1,395 | €1,340 | €807 | €494 | ▼ 38.7% |
| Gross operating margin9900 | €29,140 | -€7,525 | €9,138 | €22,387 | -€7,452 | ▼ 133% |
| Operating profit (loss)9901 | €21,572 | -€18,977 | -€1,918 | €8,645 | -€7,983 | ▼ 192% |
| Financial income75/76B | - | €0 | €0 | €1 | €41 | ▲ 5,025% |
| Recurring financial income75 | - | €0 | €0 | €1 | €41 | ▲ 5,025% |
| Financial charges65/66B | - | €759 | €618 | €576 | €89 | ▼ 84.6% |
| Recurring financial charges65 | €641 | €759 | €618 | €576 | €89 | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €20,931 | -€19,736 | -€2,536 | €8,069 | -€8,031 | ▼ 200% |
| Income taxes67/77 | €5,451 | €214 | €332 | €329 | - | - |
| Profit (loss) for the period9904 | €15,480 | -€19,950 | -€2,868 | €7,740 | -€8,031 | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €15,480 | -€19,950 | -€2,868 | €7,740 | -€8,031 | ▼ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,506 | €53,032 | €36,922 | €20,586 | €7,505 | ▼ 63.5% |
| Fixed assets21/28 | €31,763 | €22,688 | €12,972 | €37 | - | - |
| Tangible fixed assets22/27 | €31,763 | €22,688 | €12,972 | €37 | - | - |
| Furniture and vehicles24 | - | €22,688 | €12,972 | €37 | - | - |
| Current assets29/58 | €41,743 | €30,344 | €23,950 | €20,549 | €7,505 | ▼ 63.5% |
| Amounts receivable within one year40/41 | €16,076 | €15,460 | €5,213 | €2,610 | €4,914 | ▲ 88.3% |
| Trade receivables40 | - | €15,354 | €5,213 | €2,610 | €1,410 | ▼ 46.0% |
| Other amounts receivable41 | - | €105 | - | - | €3,504 | - |
| Cash at bank and in hand54/58 | €25,667 | €14,885 | €18,737 | €16,649 | €2,590 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,290 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,506 | €53,032 | €36,922 | €20,586 | €7,505 | ▼ 63.5% |
| Equity10/15 | €30,241 | €10,291 | €7,422 | €15,163 | €7,132 | ▼ 53.0% |
| Contributions10/11 | - | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Reserves13 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Distributable reserves133 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | €11,841 | -€8,109 | -€10,978 | -€3,237 | -€11,268 | ▼ 248% |
| Amounts payable17/49 | €43,264 | €42,741 | €29,500 | €5,423 | €373 | ▼ 93.1% |
| Amounts payable within one year42/48 | €42,627 | €42,741 | €29,500 | €5,423 | €373 | ▼ 93.1% |
| Current portion of amounts payable after more than one year42 | - | €24,779 | €17,735 | - | - | - |
| Trade debts44 | €2,126 | €7,224 | €3,023 | €1,890 | - | - |
| Suppliers440/4 | - | €7,224 | €3,023 | €1,890 | - | - |
| Taxes, remuneration and social security45 | - | €8,291 | €5,710 | €2,259 | €267 | ▼ 88.2% |
| Taxes450/3 | - | - | €2,697 | €1,992 | - | - |
| Remuneration and social security454/9 | - | €8,291 | €3,013 | €267 | €267 | = |
| Other amounts payable47/48 | - | €2,447 | €3,032 | €1,274 | €106 | ▼ 91.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,480 | -€19,950 | -€2,868 | €7,740 | -€8,031 | ▼ 204% |
| + Depreciation and write-downs630 | €6,333 | €10,057 | €9,715 | €12,936 | €37 | ▼ 99.7% |
| Operating cash flow (approximation) | €21,813 | -€9,893 | €6,847 | €20,676 | -€7,994 | ▼ 139% |
| Investment in fixed assets (approximation) | - | -€983 | €0 | €0 | - | - |
| Change in cash | - | -€10,782 | €3,853 | -€2,088 | -€14,059 | ▼ 573% |
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
Next filing, fiscal year 2026, expected by
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-03
Financial
Liquidity times 5current ratio 20.14
Current ratio from 3.79 to 20.14; short-term debt falls from €5,423 to €373.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €7,740
Net result €7,740 after 2 loss-making years.
31-03
Financial
Liquidity times 5current ratio 3.79
Current ratio from 0.81 to 3.79; short-term debt falls from €29,500 to €5,423.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Weakest financial yearnet -€19,950
Net result drops to -€19,950, the lowest in the series; recovery starts the following year.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
31-03
Financial
Highest result since 2020net €15,480 ▲85.1%
Operating result €21,572, net result €15,480, both a record.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2018
Ground area
296 m²
Building footprint
97 m²
Volume, LiDAR
739 m³
Parcel 11813N0722/00L003, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ICHO
since 20182.286.647.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0722/00L003 | Flanders | 296 m² | 1 · 97 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 165 companies in sector 46491 we hold annual accounts for 91. 20 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 (pre-2019)
Founded07-11-2018
Fiscal year end31-03
Activities, NACEBEL 2025
46491Wholesale trade
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712931291
Also
9925:BE0712931291
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.