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ICW

Active
Private limited companyfounded 201511 yrs activeIndustrieterrein Kanaal-Noord 1144, 3960 Bree, BelgiumKBO/BCE: BE 0633.675.561
Summary

ICW has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,664 and a net result of €30,557. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 2270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
ICWActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25120
1 site
Size
€811,866total assets 2025
Equity
€221,664
Profit
€30,557
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 102 d early0 of 3 deeds read
Why 90- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Size: total assets €811,866+ Figures for FY 2025 (filed 22-04-2026)+ Founded in 2015Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 46% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 52+4
equity 27.3% of total assets
Liquidity 57+5
short-term debt 8.6% · cash 5.8%
Profitability 64+2
return on assets 3.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,675 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%▼ -3.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%▲ +1.1% vs 01-2025 03-2025: 0.4%● 0.0% vs 02-2025 04-2025: 0.4%▲ +11.8% vs 03-2025 05-2025: 0.4%▲ +4.0% vs 04-2025 06-2025: 0.4%▲ +8.5% vs 05-2025 07-2025: 0.6%▲ +23.0% vs 06-2025highest value 08-2025: 0.3%▼ -43.4% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%▼ -1.6% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -16.9% vs 12-2025 02-2026: 0.3%▲ +1.2% vs 01-2026 03-2026: 0.3%▲ +3.5% vs 02-2026 04-2026: 0.3%▲ +12.0% vs 03-2026 05-2026: 0.2%▼ -43.5% vs 04-2026 06-2026: 0.2%▼ -3.6% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%▼ -6.1% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.1%▼ -3.3% vs 09-2026lowest value
  • Size: total assets €811,866 lowers the probability for this profile
  • Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
  • Figures for FY 2025 (filed 22-04-2026) lowers the probability
  • Founded in 2015 lowers the probability for this profile
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.85 in 2024; short-term debt: 8.6% and cash: 5.8% of total assets), but 72.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 30%, liquidity 56%, profitability 31%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €811,866
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Figures for FY 2025 (filed 22-04-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2015
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
102 d early
2024
34 d early
2023
20 d early
2022
20 d early
2021
17 d early
2020
19 d late
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Equity above €200,000Eq €221,664 ▲16%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €30,557 8 years View
  • Among the largest 10% on total assetssector median €188,170 · 2,270 companies €811,866 View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€811,866
Profit
€30,557
Solvency
27.3%
Total assets▼ 0.8%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 20-04-2026Annual accounts filed
  2. 31-12-2025Equity above €200,000
  3. 27-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25120
Founded
08-07-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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