ICM ENGINEERING
ActiveSummary
ICM ENGINEERING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of -€44,412. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-7
Solvency100▲+2
Growth56=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 3.49 in 2024; short-term debt: 12.9% and cash: 9.4% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.7%
Return on assets
-3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 filingsDeviation from the deadline
2025
29 d late
2024
30 d early
2023
28 d late
2022
66 d late
2021
59 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€828,692▼ 12.7%
2021 · €949,777
EBIT margin
15.1%▼ 19.4pp
2021 · 34.4%
Net result
-€44,412
2024 · €33,668
Working capital
€384,408▲ 11.5%
2024 · €344,748
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€949,777▲ 2.5%€828,692▼ 12.7%
Operating result€327,131▼ 4.6%€124,963▼ 61.8%€107,627▼ 13.9%€68,865▼ 36.0%-€34,271
Net result€236,771▲ 4.2%€93,013▼ 60.7%€70,468▼ 24.2%€33,668▼ 52.2%-€44,412
EBIT margin34.4%▼ 2.6pp15.1%▼ 19.4pp
Equity€945,197▲ 33.4%€1.0m▲ 7.6%€1.1m▲ 6.9%€1.1m▼ 0.6%€1.0m▼ 4.1%
Total assets€1.6m▲ 37.8%€1.4m▼ 14.4%€1.6m▲ 13.0%€1.5m▼ 7.5%€1.4m▼ 5.7%
Debt€700,364▲ 44.2%€390,728▼ 44.2%€503,408▲ 28.8%€390,832▼ 22.4%€350,890▼ 10.2%
Working capital€397,157▲ 4.2%€342,462▼ 13.8%€204,346▼ 40.3%€344,748▲ 68.7%€384,408▲ 11.5%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34,271 after €68,865 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€823,790 ▼ 16.7%
Current assets
€564,033 ▲ 16.7%
Equity and liabilities €1.4m
Equity
€1.0m ▼ 4.1%
Debt
€350,890 ▼ 10.2%
Debt's share of the balance-sheet total falls from 26.5% to 25.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€162,611▼
2024 · €278,746
Cash flow
€152,470▼
2024 · €243,549
Current ratio
3.14▼
2024 · 3.49
Debt to equity
0.34▼
2024 · 0.36
ROE
-4.3%▼
2024 · 3.1%
ROA
-3.2%▼
2024 · 2.3%
Interest coverage
17.01▼
2024 · 23.37
Debt ≤ 1 year
€179,625▲
2024 · €138,376
Debt > 1 year
€171,265▼
2024 · €252,211
Income taxes
€713▼
2024 · €18,352
Staff costs
€404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €949,777 | €828,692 | - | - | - | - |
| Non-recurring operating income76A | €100,820 | €28,999 | €18,478 | €2,500 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €573,889 | €548,442 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €404 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145,823 | €181,527 | €198,538 | €209,881 | €196,882 | ▼ 6.2% |
| Other operating charges640/8 | €3,503 | €2,623 | €16,673 | €5,611 | €4,081 | ▼ 27.3% |
| Non-recurring operating charges66A | €251 | €136 | €1,665 | €231 | €591 | ▲ 156% |
| Gross operating margin9900 | €476,708 | €309,249 | €324,503 | €284,588 | €167,686 | ▼ 41.1% |
| Operating profit (loss)9901 | €327,131 | €124,963 | €107,627 | €68,865 | -€34,271 | ▼ 150% |
| Financial income75/76B | €326 | €411 | €159 | €82 | €130 | ▲ 58.6% |
| Recurring financial income75 | €326 | €411 | €159 | €82 | €130 | ▲ 58.6% |
| Financial charges65/66B | €6,180 | €5,685 | €10,064 | €16,927 | €9,558 | ▼ 43.5% |
| Recurring financial charges65 | €6,180 | €5,685 | €10,064 | €11,927 | €9,558 | ▼ 19.9% |
| Non-recurring financial charges66B | - | - | - | €5,000 | - | - |
| Profit (loss) for the period before taxes9903 | €321,277 | €119,690 | €97,723 | €52,020 | -€43,699 | ▼ 184% |
| Income taxes67/77 | €84,506 | €26,677 | €27,254 | €18,352 | €713 | ▼ 96.1% |
| Profit (loss) for the period9904 | €236,771 | €93,013 | €70,468 | €33,668 | -€44,412 | ▼ 232% |
| Profit (loss) for the period to be appropriated9905 | €236,771 | €93,013 | €70,468 | €33,668 | -€44,412 | ▼ 232% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.4m | €1.6m | €1.5m | €1.4m | ▼ 5.7% |
| Fixed assets21/28 | €823,681 | €868,906 | €1.2m | €989,053 | €823,790 | ▼ 16.7% |
| Tangible fixed assets22/27 | €818,471 | €863,696 | €1.2m | €984,493 | €819,230 | ▼ 16.8% |
| Land and buildings22 | €334,054 | €317,480 | €563,429 | €528,542 | €494,150 | ▼ 6.5% |
| Plant, machinery and equipment23 | €367,917 | €345,922 | €350,159 | €250,504 | €192,402 | ▼ 23.2% |
| Furniture and vehicles24 | €116,500 | €200,294 | €238,675 | €205,448 | €132,678 | ▼ 35.4% |
| Financial fixed assets28 | €5,210 | €5,210 | €4,060 | €4,560 | €4,560 | = |
| Current assets29/58 | €821,879 | €539,031 | €434,763 | €483,124 | €564,033 | ▲ 16.7% |
| Amounts receivable within one year40/41 | €697,887 | €134,687 | €286,224 | €310,567 | €373,036 | ▲ 20.1% |
| Trade receivables40 | €538,953 | €118,057 | €241,142 | €254,438 | €299,266 | ▲ 17.6% |
| Other amounts receivable41 | €158,933 | €16,630 | €45,082 | €56,129 | €73,770 | ▲ 31.4% |
| Current investments50/53 | - | - | €50,000 | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €117,992 | €400,992 | €98,444 | €114,721 | €130,760 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | €6,000 | €3,352 | €95 | €7,836 | €10,237 | ▲ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.6m | €1.5m | €1.4m | ▼ 5.7% |
| Equity10/15 | €945,197 | €1.0m | €1.1m | €1.1m | €1.0m | ▼ 4.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €699,983 | €702,983 | €702,983 | €662,983 | €662,983 | = |
| Non-distributable reserves130/1 | €2,317 | €2,317 | €2,317 | €2,317 | €2,317 | = |
| Reserves not available under the articles1311 | €2,317 | €2,317 | €2,317 | €2,317 | €2,317 | = |
| Distributable reserves133 | €697,666 | €700,666 | €700,666 | €660,666 | €660,666 | = |
| Profit (loss) carried forward14 | €225,214 | €294,226 | €364,695 | €398,362 | €353,951 | ▼ 11.1% |
| Amounts payable17/49 | €700,364 | €390,728 | €503,408 | €390,832 | €350,890 | ▼ 10.2% |
| Amounts payable after more than one year17 | €275,641 | €194,158 | €258,932 | €252,211 | €171,265 | ▼ 32.1% |
| Financial debts170/4 | €275,641 | €194,158 | €258,932 | €252,211 | €171,265 | ▼ 32.1% |
| Amounts payable within one year42/48 | €424,722 | €196,569 | €230,417 | €138,376 | €179,625 | ▲ 29.8% |
| Current portion of amounts payable after more than one year42 | €80,142 | €81,483 | €81,016 | €86,542 | €80,946 | ▼ 6.5% |
| Trade debts44 | €270,633 | €61,060 | €121,226 | €34,425 | €78,515 | ▲ 128% |
| Suppliers440/4 | €270,633 | €61,060 | €121,226 | €34,425 | €78,515 | ▲ 128% |
| Taxes, remuneration and social security45 | €50,669 | €26,078 | €22,972 | €17,248 | €19,842 | ▲ 15.0% |
| Taxes450/3 | €50,669 | €26,078 | €22,972 | €17,248 | €19,842 | ▲ 15.0% |
| Other amounts payable47/48 | €23,278 | €27,948 | €5,204 | €161 | €322 | ▲ 99.8% |
| Accrued charges and deferred income492/3 | - | - | €14,059 | €245 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €236,771 | €93,013 | €70,468 | €33,668 | -€44,412 | ▼ 232% |
| + Depreciation and write-downs630 | €145,823 | €181,527 | €198,538 | €209,881 | €196,882 | ▼ 6.2% |
| Operating cash flow (approximation) | €382,594 | €274,539 | €269,006 | €243,549 | €152,470 | ▼ 37.4% |
| Investment in fixed assets (approximation) | - | -€226,751 | -€485,955 | -€42,612 | -€31,618 | ▲ 25.8% |
| Change in cash | - | €283,000 | -€302,548 | €16,277 | €16,039 | ▼ 1.5% |
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
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€44,412
Net result drops to -€44,412, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Equity above €1mEq €1.0m ▲7.6%
5 profitable years in a row build equity to €1.0m.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Highest result since 2018net €236,771 ▲4.2%
Net result €236,771, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Equity above €500,000Eq €708,426 ▲47.2%
3 profitable years in a row build equity to €708,426.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 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, Messancy · 3 establishment units since 2008
Ground area
688 m²
Building footprint
114 m²
Volume, LiDAR
931 m³
Parcel 81008A1032/03A000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
ICM ENGINEERING
since 20082.175.272.312
ICM ENGINEERING
since 20182.278.528.812
ICM ENGINEERING
since 20262.385.171.008
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81008A1032/03A000 | Wallonia | 688 m² | 1 · 114 m² | 10.6 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesICM ENGINEERING SRL35644
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 27,445 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
Founded18-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Website
www.icmengineering.eu
E-mail
info@icmengineering.eu
E-mail
marc.corman@icmengineering.euArlon
Phone
063/22 21 24Arlon
Scores and ratios are computed by Checked and are not a credit decision.