ICN BEL DEV I
The computed 12-month bankruptcy probability of ICN BEL DEV I is 2.1% (moderate). The 2024 annual accounts show negative equity (€-2.28M) and a net result of €-628k. Equity is shrinking by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 4834 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-2.28M |
| Net result | €-628k |
| Better than sector | 5% |
| Active | 7 yrs |
Strong profile, led by profitability.
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 | -105.7% | 30.8% | |
| Net result | €-628k | €11k | |
| Equity | €-2.28M | €513k | |
| Gross operating margin | €-291k | €104k | |
| Employees (FTE) | 0.0 | 1.5 |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €-371k | €-93k | €-409k | €-196k |
| Net profit | €-628k | €-388k | €-672k | €-417k |
| Cash flow | €-612k | €-372k | €-656k | €-386k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €2.16M | €6.69M | €6.67M | €7.38M |
| Equity | €-2.28M | €-1.65M | €-1.26M | €-593k |
| Debt | €4.44M | €8.34M | €7.93M | €7.98M |
| of which ≤ 1y | €1.30M | €1.29M | €2.44M | €3.56M |
| of which > 1y | €3.12M | €2.62M | €2.32M | €2.45M |
| Working capital | €427k | €4.95M | €3.77M | €2.18M |
| Employees (FTE) | 0.0 | 0.0 | 0.0 | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.33 | 4.83 | 2.55 | 1.61 |
| Quick ratio | 0.38 | 0.21 | 0.16 | 0.23 |
| Working capital ratio | 19.8% | 74.0% | 56.5% | 29.5% |
| Solvency | -105.7% | -24.7% | -19.0% | -8.0% |
| Debt / equity | -1.95 | -5.05 | -6.28 | -13.46 |
| Long-term debt ratio | -1.37 | -1.59 | -1.84 | -4.14 |
| Interest coverage | -1.54 | -0.33 | -1.66 | -1.03 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -29.1% | -5.8% | -10.1% | -5.7% |
| ROE | 27.6% | 23.5% | 53.1% | 70.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.16M | €6.69M | €6.67M | €7.38M |
| Fixed assets | 21/28 | €431k | €447k | €468k | €1.65M |
| Tangible fixed assets | 22/27 | €426k | €442k | €458k | €1.65M |
| Financial fixed assets | 28 | €5k | €5k | €10k | €4k |
| Current assets | 29/58 | €1.73M | €6.24M | €6.20M | €5.73M |
| Stocks & contracts in progress | 3 | €1.23M | €5.97M | €5.81M | €4.90M |
| Amounts receivable within one year | 40/41 | €449k | €254k | €1k | €520k |
| Cash & bank | 54/58 | €44k | €16k | €389k | €308k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.16M | €6.69M | €6.67M | €7.38M |
| Equity | 10/15 | €-2.28M | €-1.65M | €-1.26M | €-593k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Accumulated profits (losses) | 14 | €-2.30M | €-1.67M | €-1.28M | €-613k |
| Amounts payable | 17/49 | €4.44M | €8.34M | €7.93M | €7.98M |
| Amounts payable after one year | 17 | €3.12M | €2.62M | €2.32M | €2.45M |
| Amounts payable within one year | 42/48 | €1.30M | €1.29M | €2.44M | €3.56M |
| Trade debts payable within one year | 44 | €593k | €294k | €259k | €8k |
| Income statement | |||||
| Gross operating margin | 9900 | €-291k | €30k | €-198k | €-57k |
| Operating result | 9901 | €-387k | €-109k | €-425k | €-228k |
| Financial income | 75 | €312 | €271 | €0 | €2k |
| Financial charges | 65 | €241k | €279k | €247k | €192k |
| Result before taxes | 9903 | €-628k | €-388k | €-672k | €-417k |
| Net result for the period | 9904 | €-628k | €-388k | €-672k | €-417k |
| Result to be appropriated | 9905 | €-628k | €-388k | €-672k | €-417k |
-
COENEGRACHTS NikolaasDirectorState Gazette act 24409356 (26-06-2024)Current26-06-2024 → present
Former directors (1)
-
COENEGRACHTS JanDirectorState Gazette act 24409356 (26-06-2024)Former- → 26-06-2024
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 27-09-2018 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1372/00K000 | Brussels | 2,159 m² | 1 · 2,113 m² | 88.8 m · 7 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.
26-06-2024 1 director appointed, 1 resigning
- COENEGRACHTS Nikolaas, Bestuurder
- COENEGRACHTS Jan, Bestuurder
Technical details
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{
"kind": "director_out",
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},
"reason": "voluntary",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
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"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale constate que monsieur COENEGRACHTS Jan a donn\u00E9 sa d\u00E9mission par lettre dat\u00E9e 29 avril 2024.",
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{
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"statutory": "niet_statutair",
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"evidence_quote": "Est appel\u00E9 aux fonctions d\u2019administrateur non statutaire pour une dur\u00E9e ind\u00E9termin\u00E9e : monsieur COENEGRACHTS Nikolaas, pr\u00E9nomm\u00E9, ici pr\u00E9sent et qui accepte.",
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{
"kind": "decharge_pending",
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"evidence_quote": "Cependant, l\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge au g\u00E9rant/administrateur d\u00E9missionnaire pour l\u2019ex\u00E9cution de son mandat.",
"decharge_status": "pending_next_agm",
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}
],
"notary": {
"name": "Catherine GILLARDIN",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-06-26",
"filing_date": "2024-06-24",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-05-07",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0705.910.075",
"name_full": "ICN BEL DEV I",
"legal_form": "SRL"
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"publication_proxy": {
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"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"1 exp\u00E9dition de l\u0027acte",
"1 coordination des statuts"
],
"corrected_publication_numac": null
}03-06-2024 Registered office moved from Hoogstraten to Brussel
- Vrijheid 147 2320 Hoogstraten → 1000 Brussel, Joseph Stevensstraat 7
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "1000 Brussel, Joseph Stevensstraat 7",
"city": "Brussel",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Joseph Stevensstraat",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "7",
"locality_suffix": null
},
"old_address": {
"raw": "Vrijheid 147\n2320 Hoogstraten",
"city": "Hoogstraten",
"region": "vlaams_gewest",
"street": "Vrijheid",
"country": "BE",
"postcode": "2320",
"box_number": null,
"street_number": "147",
"locality_suffix": null
},
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}
],
"notary": {
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"firm_city": null,
"firm_name": "ACTALYS, geassocieerde Notarissen",
"office_city": "Brussel",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2024-05-23",
"act_kind_objet": "Zetelverplaatsing naar Franstalige taalgebied - Machten"
},
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},
"co_filed_documents": [
"1 afschrift",
"1 Historiek en Co\u00F6rdinatie"
]
}| Legal nameFR | ICN BEL DEV I |