ICS PROJECTS
Annual accounts 2025
micro format, filed on 31-05-2026, on the day of the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €380,000. Estimated: probably between €260,000 and €680,000.
Balance sheet
balance sheet total €153,611 on 31-10-2025in euro
in euro
Position in the sector
35.1%
Higher than 37% of 35,119 companies in 2025.
1.58
Higher than 43% of 34,493 companies in 2025.
8.0%
Higher than 53% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
153,611 | 177,063 | 95,933 | |
21/28 |
58,788 | 79,158 | 2,650 | |
22/27 |
58,788 | 79,158 | 2,650 | |
23 |
661 | 1,655 | 2,650 | |
25 |
58,127 | 77,502 | - | |
29/58 |
94,823 | 97,905 | 93,283 | |
40/41 |
51,419 | 64,590 | 74,035 | |
40 |
28,332 | 44,272 | 54,281 | |
41 |
23,088 | 20,318 | 19,754 | |
54/58 |
40,678 | 30,125 | 18,493 | |
490/1 |
2,726 | 3,190 | 755 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
153,611 | 177,063 | 95,933 | |
10/15 |
53,921 | 41,622 | 28,570 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
29,700 | 18,700 | - | |
133 |
29,700 | 18,700 | - | |
14 |
19,221 | 17,922 | 23,570 | |
17/49 |
99,690 | 135,441 | 67,363 | |
17 |
39,753 | 78,504 | - | |
170/4 |
39,753 | 78,504 | - | |
42/48 |
59,937 | 56,937 | 67,363 | |
42 |
19,376 | - | - | |
44 |
33,856 | 49,858 | 58,276 | |
440/4 |
33,856 | 49,858 | 58,276 | |
45 |
6,705 | 7,080 | 9,087 | |
450/3 |
6,705 | 7,080 | 9,087 | |
| Income statement | ||||
9900 |
44,227 | 44,928 | 34,204 | |
630 |
20,370 | 20,370 | 333 | |
640/8 |
387 | 766 | 1,074 | |
9901 |
23,470 | 23,792 | 32,797 | |
65/66B |
5,465 | 3,661 | 2,140 | |
65 |
5,465 | 3,661 | 2,140 | |
9903 |
18,004 | 20,131 | 30,657 | |
67/77 |
5,705 | 7,080 | 7,087 | |
9904 |
12,299 | 13,052 | 23,570 | |
9905 |
12,299 | 13,052 | 23,570 | |
| Appropriation of the result | ||||
9906 |
30,221 | 36,622 | 23,570 | |
14P |
17,922 | 23,570 | - | |
691/2 |
11,000 | 18,700 | - | |
6920 |
11,000 | - | - | |
6921 |
- | 18,700 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 43,839 | 44,162 | 33,130 | ||
| 32,669 | 33,422 | 23,903 | ||
| 0 | 96,878 | 2,983 | ||
| 10,553 | 11,632 | - | ||
| 34,886 | 40,968 | 25,921 | ||
| 35.1% | 23.5% | 29.8% | ||
| 1.58 | 1.72 | 1.38 | ||
| 1.85 | 3.25 | 2.36 | ||
| 22.8% | 31.4% | 82.5% | ||
| 8.0% | 7.4% | 24.6% | ||
| 8.02 | 12.06 | 15.48 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-10-2025 | 31-10-2024 | 31-10-2023 |
|---|---|---|---|
| Tangible fixed assets | - | €96,878 | €2,983 |
| €20,370 | €20,370 | €333 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ICS PROJECTS
The operating result for 2025 is 1% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 76.5% to 64.9%. Equity is higher and debt is lower.