ICN BEL DEV I
ActiveSummary
The computed 12-month bankruptcy probability of ICN BEL DEV I is 2.2% (moderate). The 2024 annual accounts show negative equity (-€2.3m) and a net result of -€628,302. Equity has been shrinking by about 53% per year since 2019. Its solvency ranks better than 5% of 4,796 sector peers (NACE 68, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 27-09-2018 Normal situation
- Registered office
- 182 active companies are registered at this address 10 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment unit
- 2.281.089.612 1000 Brussel, since 27-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
- Gross margin
- -€290,671
- Loss
- €628,302
- ▲ 62.0%
- Equity
- -€2.3m
- ▼ 38.0%
- Total assets
- €2.2m
- ▼ 67.7%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 02-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 29 days late; 1 of the last 3 accounts latelowers riskSize: total assets €2.2mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 1% of them on solvency, 16% on liquidity, 1% on profitability and 11% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 6 accounts on average 33 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2024 -€2.3m View
- Risk: 6 loss-making years in a rowloss in financial year 2024 -€628,302 View
- Caution: Lower solvency than 95% of companies in real estatesector median 30.7% · 4,796 companies -105.7% View
- Caution: Result fell in 2024from -€387,805 to -€628,302 ▼ 62.0% View
Recent changes
- · Gazette deed Resignation: COENEGRACHTS Jan (director)Appointment: COENEGRACHTS Nikolaas (director)
- · Gazette deed Registered office
- · Gazette deed Resignation: Jan Coenegrachts (director)
Comparable companies
These companies have the same main activity as ICN BEL DEV I: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.7m and €2.5m, founded between 2017 and 2019.
| Company | Total assets | Gross margin |
|---|---|---|
| ICN BEL DEV I Brussel | €2.2m | -€0.3m |
| ICN PROJECTS Brussel | €1.8m | -€0.9m |
| PROMETHEE CONSTRUCTIONS Machelen (Brab.) | €2.0m | -€0.01m |
| Solubo Rijkevorsel | €2.3m | -€0.06m |
| Bouw & Promotie Kauwlei Antwerpen | €1.8m | -€0.02m |
| PIONIER CONSTRUCT Waregem | €1.7m | -€0.3m |
| JBCOR RE BOUW EN PROMOTIE Bilzen-Hoeselt | €2.5m | -€0.3m |
Key facts about ICN BEL DEV I
- What is the company number of ICN BEL DEV I?
- The company number of ICN BEL DEV I is 0705.910.075. The VAT number is the same number with BE in front: BE 0705.910.075.
- Where is ICN BEL DEV I based?
- The registered office is at Joseph Stevensstraat 7, 1000 Brussel.Company details
- What does ICN BEL DEV I do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of ICN BEL DEV I?
- The legal form of ICN BEL DEV I is Private limited company (BV).
- When was ICN BEL DEV I founded?
- ICN BEL DEV I was founded on 27-09-2018.
- Is ICN BEL DEV I still active?
- Yes, ICN BEL DEV I is an active enterprise in the KBO register.
- What is the turnover of ICN BEL DEV I?
- The annual accounts for financial year 2024 state no turnover.Financials
- Is ICN BEL DEV I profitable?
- In financial year 2024, ICN BEL DEV I made a loss of €628,302.
- Where can I find the annual accounts of ICN BEL DEV I?
- ICN BEL DEV I filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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