ICOR
ActiveICOR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €579k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+36
Solvency76▲+24
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.35 in 2024; short-term debt: 48.8% and cash: 2.6% of total assets), and 49.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
50.6%
Return on assets
21.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
29 d late
2022
14 d early
2021
2 d early
2020
27 d late
2019
22 d late
← before the deadline
after the deadline →
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 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€579k▲ 226%
2024 · €178k
2019: €39k
2020: €49k
2021: €53k
2022: €58k
2023: €58k
2024: €178k
2019 → 2025
Working capital
€1.34M▲ 81.2%
2024 · €738k
2019: €1.00M
2020: €1.15M
2021: €1.13M
2022: €703k
2023: €697k
2024: €738k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€716k▼ 42.7%€773k▲ 8.0%€801k▲ 3.6%€1.38M▲ 72.3%
Operating result€3k-€41k▲ 1,182%€125k▲ 201%€274k▲ 120%€777k▲ 183%
Net result€53k-€58k▲ 7.8%€58k▼ 0.1%€178k▲ 208%€579k▲ 226%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.73M
Fixed assets
€59k▼ 32.0%
Current assets
€2.67M▼ 5.7%
Equity and liabilities €2.73M
Equity
€1.38M▲ 72.3%
Debt
€1.35M▼ 36.3%
The debt ratio falls from 72.5% to 49.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€806k▲
2024 · €305k
Cash flow
€608k▲
2024 · €208k
Solvency
50.6%▲
2024 · 27.5%
Current ratio
2.00▲
2024 · 1.35
Quick ratio
0.71▲
2024 · 0.68
Debt / equity
0.98▼
2024 · 2.64
ROE
42.0%▲
2024 · 22.2%
ROA
21.2%▲
2024 · 6.1%
Interest coverage
18.52▲
2024 · 3.96
Debt
€1.35M▼
2024 · €2.12M
Debt ≤ 1 year
€1.33M▼
2024 · €2.09M
Debt > 1 year
€6k▼
2024 · €13k
Income taxes
€198k▲
2024 · €66k
Staff costs
€913k▲
2024 · €906k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.92M€2.73M▼
Fixed assets21/28€87k€59k▼
Intangible fixed assets21€50k€31k▼
Tangible fixed assets22/27€34k€28k▼
Furniture and vehicles24€34k€28k▼
Financial fixed assets28€3k€0▼
Current assets29/58€2.83M€2.67M▼
Stocks and contracts in progress3€1.41M€1.72M▲
Stocks30/36€1.41M€1.72M▲
Amounts receivable within one year40/41€949k€867k▼
Trade receivables40€908k€840k▼
Other amounts receivable41€41k€27k▼
Cash at bank and in hand54/58€454k€71k▼
Deferred charges and accrued income490/1€13k€11k▼
Equity and liabilities
Total equity and liabilities10/49€2.92M€2.73M▼
Equity10/15€801k€1.38M▲
Contributions10/11€650k€650k=
Capital10€650k€650k=
Issued capital100€650k€650k=
Reserves13€32k€61k▲
Non-distributable reserves130/1€32k€61k▲
Legal reserve130€32k€61k▲
Profit (loss) carried forward14€119k€669k▲
Amounts payable17/49€2.12M€1.35M▼
Amounts payable after more than one year17€13k€6k▼
Financial debts170/4€13k€6k▼
Amounts payable within one year42/48€2.09M€1.33M▼
Current portion of amounts payable after more than one year42€25k€7k▼
Financial debts43€490k€405k▼
Credit institutions430/8€490k€405k▼
Trade debts44€1.29M€722k▼
Suppliers440/4€1.29M€722k▼
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€136k€198k▲
Taxes450/3€35k€110k▲
Remuneration and social security454/9€101k€88k▼
Other amounts payable47/48€150k€0▼
Accrued charges and deferred income492/3€11k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€906k€913k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€29k▼
Other operating charges640/8€37k€17k▼
Non-recurring operating charges66A€10-
Gross operating margin9900€1.25M€1.74M▲
Operating profit (loss)9901€274k€777k▲
Financial income75/76B€47k€47k▲
Recurring financial income75€47k€39k▼
Non-recurring financial income76B-€8k
Financial charges65/66B€77k€47k▼
Recurring financial charges65€77k€44k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€244k€777k▲
Income taxes67/77€66k€198k▲
Profit (loss) for the period9904€178k€579k▲
Profit (loss) for the period to be appropriated9905€178k€579k▲
Appropriation of the result
Profit (loss) to be appropriated9906€269k€698k▲
Profit (loss) brought forward from the previous period14P€92k€119k▲
Transfer to equity691/2-€29k
To the legal reserve6920-€29k
Profit to be distributed694/7€150k€0▼
Return on contributions (dividend)694€150k€0▼
Social balance
Average headcount (FTE)908715.514.7▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €579k ▲226%
Operating result €777k, net result €579k, both a record.
31-03
Financial
Equity above €1MEq €1.38M ▲72.3%
7 profitable years in a row build equity to €1.38M.
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2019
22-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 22 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-04-2025
S.D.M.: Resigned as Managing director
22-12-2023
Michel DELEUZE: Resigned as Director
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Lavoisier 371300 WavreGround area
7,107 m²
Building footprint
2,676 m²
Volume, LiDAR
21,349 m³
Parcel 25112C0001/05_000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Lavoisier 37, 1300 Wavre
since 20022.041.863.757
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0001/05_000 | Wallonia | 7,107 m² | 1 · 2,676 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Legal Entity Identifier
549300VKYTO63B8VVZ68
Similar companies · same sector, comparable size
ALLE MOTOREN EN INDUSTRIELE FILTERS
BE 0406.699.323
Antwerpen · Eq €1.38M
KORTRIJKSE VENNOOTSCHAP DRUANT-GALLE
BE 0405.334.987
Deerlijk · Eq €1.38M
AUTOPARTS B. & V.
BE 0424.265.528
Kortenaken · Eq €1.37M
A.T.B.
BE 0415.215.428
Beveren-Kruibeke-Zwijndrecht · Eq €1.37M
CONTIMET
BE 0449.570.650
Grimbergen · Eq €1.37M
Of 1,746 companies in sector 46720 we hold annual accounts for 1,084. 742 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-01-1989
Fiscal year end31-03
Abbreviation FR
I.C.O.R.
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.