IDC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-03-2026 PDF all 20 filings
Turnover
≈ €1.6m
Estimated: probably between €1.2m and €2.3m
Total assets
€643,846▲ 20.8%
2024 · €532,840
Net result
€91,542▲ 6.3%
2024 · €86,113
Working capital
€430,143▲ 22.2%
2024 · €351,871
In the rankings
#2 company by equity in Houthalen-Helchteren, Other services sector#5 company by total assets in Houthalen-Helchteren, Other services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€121,316
▲ 2.8%
2025
20192025
Net result
€91,542
▲ 6.3%
2025
highest quarter of the sector
20192025
Equity
€529,202
▲ 20.9%
2025
highest quarter of the sector
20192025
Total assets
€643,846
▲ 20.8%
2025
highest quarter of the sector
20192025
Debt
€114,644
▲ 20.5%
2025
20192025
Working capital
€430,143
▲ 22.2%
2025
highest quarter of the sector
20192025
Solvency
82.2%
▲ 0.1pp
2025
highest quarter of the sector
20192025
Current ratio
4.75
▲ 0.06
2025
highest quarter of the sector
20192025
Return on assets (ROA)
14.2%
▼ 1.9pp
2025
middle half of the sector
20192025
Staff (FTE)
8.2
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€28,417-€36,848▲ 29.7%€28,320▼ 23.1%€84,102▲ 197%€112,152▲ 33.4%€118,068▲ 5.3%€121,316▲ 2.8%
Net result€20,301-€27,404above the sector's middle half▲ 35.0%€18,515within the sector's middle half▼ 32.4%€62,217above the sector's middle half▲ 236%€80,345above the sector's middle half▲ 29.1%€86,113above the sector's middle half▲ 7.2%€91,542above the sector's middle half▲ 6.3%
Equity€163,066-€190,470above the sector's middle half▲ 16.8%€208,985above the sector's middle half▲ 9.7%€271,202above the sector's middle half▲ 29.8%€351,547above the sector's middle half▲ 29.6%€437,660above the sector's middle half▲ 24.5%€529,202above the sector's middle half▲ 20.9%
Total assets€240,413-€249,952within the sector's middle half▲ 4.0%€292,726within the sector's middle half▲ 17.1%€355,823above the sector's middle half▲ 21.6%€445,746above the sector's middle half▲ 25.3%€532,840above the sector's middle half▲ 19.5%€643,846above the sector's middle half▲ 20.8%
Debt€77,347-€59,481▼ 23.1%€83,741▲ 40.8%€84,622▲ 1.1%€94,199▲ 11.3%€95,180▲ 1.0%€114,644▲ 20.5%
Working capital€159,330-€182,624above the sector's middle half▲ 14.6%€191,049above the sector's middle half▲ 4.6%€164,831above the sector's middle half▼ 13.7%€264,404above the sector's middle half▲ 60.4%€351,871above the sector's middle half▲ 33.1%€430,143above the sector's middle half▲ 22.2%
Solvency67.8%-76.2%above the sector's middle half▲ 8.4pp71.4%above the sector's middle half▼ 4.8pp76.2%above the sector's middle half▲ 4.8pp78.9%above the sector's middle half▲ 2.6pp82.1%above the sector's middle half▲ 3.3pp82.2%above the sector's middle half▲ 0.1pp
Current ratio3.28-4.30above the sector's middle half▲ 1.023.28above the sector's middle half▼ 1.022.97above the sector's middle half▼ 0.313.81above the sector's middle half▲ 0.844.70above the sector's middle half▲ 0.894.75above the sector's middle half▲ 0.06
Return on assets (ROA)8.4%-11.0%within the sector's middle half▲ 2.5pp6.3%within the sector's middle half▼ 4.6pp17.5%above the sector's middle half▲ 11.2pp18.0%above the sector's middle half▲ 0.5pp16.2%above the sector's middle half▼ 1.9pp14.2%within the sector's middle half▼ 1.9pp
Staff (FTE)4.4-4.4above the sector's middle half=4▼ 9.1%5▲ 25.0%5.9▲ 18.0%8.2
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €643,846
Fixed assets
€99,059 ▲ 15.5%
Current assets
€544,787 ▲ 21.9%
Equity and liabilities €643,846
Equity
€529,202 ▲ 20.9%
Debt
€114,644 ▲ 20.5%
Debt's share of the balance-sheet total falls from 17.9% to 17.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153,396▲
2024 · €146,098
Cash flow
€123,622▲
2024 · €114,143
Quick ratio
4.57▲
2024 · 4.50
Debt to equity
0.22▼
2024 · 0.22
ROE
17.3%▼
2024 · 19.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€114,644▲
2024 · €95,180
Income taxes
€30,683▼
2024 · €34,757
Staff costs
€320,618▲
2024 · €283,366
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 7 | 7 | 10 |
| full-time | 2 | 4 | 5 | 7 |
| part-time | 3 | 3 | 2 | 3 |
| in full-time equivalents | 4 | 5.8 | 6.7 | 8.8 |
| Average over the year, in full-time equivalents | 4 | 5 | 5.9 | 8.2 |
| On a permanent contract | 5 | 7 | 6 | 10 |
| Joined | 1 | 2 | 2 | 1 |
| Left | 1 | 0 | 2 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,608 | €107,296 | €5,821 | €26,677 | €45,350 |
| Depreciation and write-downs of the year | €7,666 | €17,931 | €25,979 | €28,030 | €32,081 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €21,896 awarded · €21,896 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €12,898 | €12,898 |
| 2024 | 2 | €8,998 | €8,998 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,150 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €146,650 | €184,933 | €237,512 | €283,366 | €320,618 | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,324 | €7,458 | €7,666 | €17,931 | €25,979 | €28,030 | €32,081 | ▲ 14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8,970 | €0 | - | €1,123 | - |
| Other operating charges640/8 | - | - | €722 | €664 | €1,065 | €835 | €1,048 | ▲ 25.5% |
| Gross operating margin9900 | €181,579 | €195,684 | €183,358 | €296,601 | €376,708 | €430,299 | €476,186 | ▲ 10.7% |
| Operating profit (loss)9901 | €28,417 | €36,848 | €28,320 | €84,102 | €112,152 | €118,068 | €121,316 | ▲ 2.8% |
| Financial income75/76B | - | - | €108 | €704 | €905 | €2,973 | €1,163 | ▼ 60.9% |
| Recurring financial income75 | €97 | €144 | €108 | €704 | €905 | €2,973 | €1,163 | ▼ 60.9% |
| Financial charges65/66B | - | - | €196 | €761 | €166 | €171 | €254 | ▲ 48.3% |
| Recurring financial charges65 | €216 | €194 | €196 | €761 | €166 | €171 | €254 | ▲ 48.3% |
| Profit (loss) for the period before taxes9903 | €28,298 | €36,798 | €28,232 | €84,045 | €112,890 | €120,871 | €122,225 | ▲ 1.1% |
| Income taxes67/77 | €7,997 | €9,394 | €9,717 | €21,828 | €32,545 | €34,757 | €30,683 | ▼ 11.7% |
| Profit (loss) for the period9904 | €20,301 | €27,404 | €18,515 | €62,217 | €80,345 | €86,113 | €91,542 | ▲ 6.3% |
| Transfer from tax-exempt reserves789 | - | - | €13,608 | €780 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €20,301 | €27,404 | €32,123 | €62,997 | €80,345 | €86,113 | €91,542 | ▲ 6.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €240,413 | €249,952 | €292,726 | €355,823 | €445,746 | €532,840 | €643,846 | ▲ 20.8% |
| Fixed assets21/28 | €11,298 | €11,994 | €17,936 | €107,300 | €87,142 | €85,790 | €99,059 | ▲ 15.5% |
| Tangible fixed assets22/27 | €11,166 | €11,862 | €17,804 | €107,168 | €87,010 | €85,657 | €98,927 | ▲ 15.5% |
| Plant, machinery and equipment23 | - | - | €17,804 | €14,696 | €15,015 | €12,566 | €48,638 | ▲ 287% |
| Furniture and vehicles24 | - | - | - | €92,473 | €71,995 | €73,092 | €50,289 | ▼ 31.2% |
| Leasing and similar rights25 | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €132 | €132 | €132 | €132 | €132 | €132 | €132 | = |
| Current assets29/58 | €229,115 | €237,957 | €274,790 | €248,523 | €358,603 | €447,050 | €544,787 | ▲ 21.9% |
| Stocks and contracts in progress3 | €40,880 | €23,507 | €10,024 | €12,458 | €16,932 | €18,331 | €20,373 | ▲ 11.1% |
| Stocks30/36 | - | - | €10,024 | €12,458 | €16,932 | €18,331 | €20,373 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €74,315 | €75,372 | €69,131 | €73,640 | €89,799 | €122,888 | €196,492 | ▲ 59.9% |
| Trade receivables40 | - | - | €63,762 | €73,640 | €89,799 | €116,996 | €196,492 | ▲ 67.9% |
| Other amounts receivable41 | - | - | €5,369 | €0 | - | €5,892 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €150,000 | €151,454 | €151,678 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €113,370 | €138,883 | €195,080 | €161,836 | €101,410 | €153,886 | €168,857 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | - | - | €555 | €589 | €462 | €492 | €7,388 | ▲ 15× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €240,413 | €249,952 | €292,726 | €355,823 | €445,746 | €532,840 | €643,846 | ▲ 20.8% |
| Equity10/15 | €163,066 | €190,470 | €208,985 | €271,202 | €351,547 | €437,660 | €529,202 | ▲ 20.9% |
| Contributions10/11 | €16,400 | €16,400 | €16,400 | €16,400 | €16,400 | €16,400 | €16,400 | = |
| Reserves13 | €66,096 | €93,500 | €112,015 | €174,231 | €335,147 | €421,260 | €512,802 | ▲ 21.7% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | €780 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €109,375 | €172,371 | €333,287 | €421,260 | €512,802 | ▲ 21.7% |
| Profit (loss) carried forward14 | €80,570 | €80,570 | €80,570 | €80,570 | €0 | - | - | - |
| Amounts payable17/49 | €77,347 | €59,481 | €83,741 | €84,622 | €94,199 | €95,180 | €114,644 | ▲ 20.5% |
| Amounts payable after more than one year17 | €7,562 | €3,446 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €69,785 | €55,334 | €83,741 | €83,692 | €94,199 | €95,180 | €114,644 | ▲ 20.5% |
| Current portion of amounts payable after more than one year42 | - | - | €3,446 | €0 | - | - | - | - |
| Trade debts44 | €25,363 | €11,384 | €30,441 | €10,200 | €18,687 | €17,853 | €19,553 | ▲ 9.5% |
| Suppliers440/4 | - | - | €30,441 | €10,200 | €18,687 | €17,853 | €19,553 | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | - | €39,868 | €63,631 | €65,929 | €67,808 | €85,713 | ▲ 26.4% |
| Taxes450/3 | - | - | €20,057 | €33,776 | €33,485 | €31,380 | €39,213 | ▲ 25.0% |
| Remuneration and social security454/9 | - | - | €19,811 | €29,855 | €32,444 | €36,429 | €46,500 | ▲ 27.6% |
| Other amounts payable47/48 | - | - | €9,987 | €9,861 | €9,583 | €9,518 | €9,378 | ▼ 1.5% |
| Accrued charges and deferred income492/3 | - | - | €0 | €929 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,301 | €27,404 | €18,515 | €62,217 | €80,345 | €86,113 | €91,542 | ▲ 6.3% |
| + Depreciation and write-downs630 | €7,324 | €7,458 | €7,666 | €17,931 | €25,979 | €28,030 | €32,081 | ▲ 14.5% |
| Operating cash flow (approximation) | €27,625 | €34,863 | €26,181 | €80,148 | €106,324 | €114,143 | €123,622 | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | -€8,154 | -€13,608 | -€107,296 | -€5,821 | -€26,677 | -€45,350 | ▼ 70.0% |
| Change in cash | - | €25,513 | €56,197 | -€33,244 | -€60,426 | €52,476 | €14,970 | ▼ 71.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as IDC has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IDC itself: < 0.1% within 12 months.
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 31,368 companies, not a prediction for IDC. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-03-2026 | 2026-00061281 | |
| 30-09-2024 | micro format | 25-04-2025 | 2025-00076912 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00074341 | |
| 30-09-2022 | micro format | 14-04-2023 | 2023-00060371 | |
| 30-09-2021 | micro format | 22-04-2022 | 2022-20006439 | |
| 30-09-2020 | micro format | 26-04-2021 | 2021-11300091 | |
| 30-09-2019 | micro format | 27-04-2020 | 2020-10200109 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08100156 | |
| 30-09-2017 | micro format | 04-04-2018 | 2018-09100172 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-07000189 |