ICPSY
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00428133.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 85% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €297 | - |
| Other operating charges640/8 | €772 | €646 | ▼ 16.3% |
| Non-recurring operating charges66A | €1,017 | - | - |
| Gross operating margin9900 | €25,647 | €4,419 | ▼ 82.8% |
| Operating profit (loss)9901 | €23,858 | €3,476 | ▼ 85.4% |
| Financial income75/76B | €4 | - | - |
| Recurring financial income75 | €4 | - | - |
| Financial charges65/66B | - | -€45 | - |
| Recurring financial charges65 | - | -€45 | - |
| Profit (loss) for the period before taxes9903 | €23,862 | €3,520 | ▼ 85.2% |
| Income taxes67/77 | €6,000 | €1,348 | ▼ 77.5% |
| Profit (loss) for the period9904 | €17,862 | €2,173 | ▼ 87.8% |
| Profit (loss) for the period to be appropriated9905 | €17,862 | €2,173 | ▼ 87.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €29,928 | €35,133 | ▲ 17.4% |
| Current assets29/58 | €29,928 | €35,133 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €27,046 | €34,654 | ▲ 28.1% |
| Trade receivables40 | €1,743 | €9,351 | ▲ 437% |
| Other amounts receivable41 | €25,303 | €25,303 | = |
| Cash at bank and in hand54/58 | €2,882 | €479 | ▼ 83.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €29,928 | €35,133 | ▲ 17.4% |
| Equity10/15 | €18,062 | €20,234 | ▲ 12.0% |
| Contributions10/11 | €200 | €200 | = |
| Capital10 | €200 | €200 | = |
| Issued capital100 | €2,000 | €2,000 | = |
| Uncalled capital101 | €1,800 | €1,800 | = |
| Profit (loss) carried forward14 | €17,862 | €20,034 | ▲ 12.2% |
| Amounts payable17/49 | €11,866 | €14,898 | ▲ 25.6% |
| Amounts payable within one year42/48 | €11,866 | €14,898 | ▲ 25.6% |
| Trade debts44 | €3,690 | €1,554 | ▼ 57.9% |
| Suppliers440/4 | €3,690 | €1,554 | ▼ 57.9% |
| Taxes, remuneration and social security45 | €8,176 | €7,509 | ▼ 8.2% |
| Taxes450/3 | €6,643 | €7,509 | ▲ 13.0% |
| Remuneration and social security454/9 | €1,533 | - | - |
| Other amounts payable47/48 | - | €5,835 | - |
Historical observation
In July 2024, 39,278 companies had the same profile as ICPSY has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ICPSY itself is higher: 6.4% within 12 months. It rests on far more data about ICPSY than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ICPSY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.