IDECOPY
ActiveSummary
IDECOPY has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537,838 and a net result of €45,622. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency79▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.67 in 2024; short-term debt: 25% and cash: 15.2% of total assets), and 45.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
54.1%
Return on assets
4.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
5 d early
2022
3 d early
2021
6 d late
2020
24 d early
2019
69 d late
← 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 5 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
2018 · €0
EBIT margin
Not included in this filing
Net result
€45,622▲ 128%
2024 · €20,001
Working capital
€15,957
2024 · -€70,120
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€54,269▲ 84.1%€33,931▼ 37.5%€20,215▼ 40.4%€33,834▲ 67.4%€70,394▲ 108%
Net result€31,671within the sector's middle half▲ 168%€17,591within the sector's middle half▼ 44.5%€9,813within the sector's middle half▼ 44.2%€20,001within the sector's middle half▲ 104%€45,622within the sector's middle half▲ 128%
Equity€444,812within the sector's middle half▲ 7.7%€462,403within the sector's middle half▲ 4.0%€472,216within the sector's middle half▲ 2.1%€492,217within the sector's middle half▲ 4.2%€537,838above the sector's middle half▲ 9.3%
Total assets€1.0mwithin the sector's middle half▲ 3.3%€983,228within the sector's middle half▼ 3.9%€1.0mwithin the sector's middle half▲ 5.3%€930,301within the sector's middle half▼ 10.1%€993,896within the sector's middle half▲ 6.8%
Debt€577,999▲ 0.2%€520,824▼ 9.9%€562,652▲ 8.0%€438,085▼ 22.1%€456,057▲ 4.1%
Working capital-€147,759below the sector's middle half▲ 1.7%-€125,487below the sector's middle half▲ 15.1%-€140,910below the sector's middle half▼ 12.3%-€70,120below the sector's middle half▲ 50.2%€15,957within the sector's middle half
Solvency43.5%within the sector's middle half▲ 1.8pp47.0%within the sector's middle half▲ 3.5pp45.6%within the sector's middle half▼ 1.4pp52.9%within the sector's middle half▲ 7.3pp54.1%within the sector's middle half▲ 1.2pp
Current ratio0.47below the sector's middle half▲ 0.060.55below the sector's middle half▲ 0.080.56below the sector's middle half▲ 0.010.67below the sector's middle half▲ 0.111.06within the sector's middle half▲ 0.39
Return on assets (ROA)3.1%within the sector's middle half▲ 1.9pp1.8%within the sector's middle half▼ 1.3pp0.9%within the sector's middle half▼ 0.8pp2.1%within the sector's middle half▲ 1.2pp4.6%within the sector's middle half▲ 2.4pp
Staff (FTE)2.7below the sector's middle half▼ 15.6%1.9below the sector's middle half▼ 29.6%1.8below the sector's middle half▼ 5.3%1.8below the sector's middle half=1.8within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 108% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €979,525
Fixed assets
€714,995 ▼ 7.3%
Current assets
€264,530 ▲ 82.4%
Equity and liabilities €993,896
Equity
€537,838 ▲ 9.3%
Debt
€456,057 ▲ 4.1%
Debt's share of the balance-sheet total falls from 47.1% to 45.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155,141▲
2024 · €118,607
Cash flow
€130,369▲
2024 · €104,774
Quick ratio
0.99▲
2024 · 0.59
Debt to equity
0.85▼
2024 · 0.89
ROE
8.5%▲
2024 · 4.1%
Interest coverage
41.21▲
2024 · 21.91
Debt ≤ 1 year
€248,573▲
2024 · €215,123
Debt > 1 year
€186,923▼
2024 · €215,130
Income taxes
€21,447▲
2024 · €8,634
Staff costs
€88,593▲
2024 · €77,573
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €83,420 | €77,212 | €78,707 | €77,573 | €88,593 | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,227 | €97,802 | €93,515 | €84,773 | €84,747 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €540 | - | €979 | - | - |
| Other operating charges640/8 | €29,238 | €27,502 | €34,066 | €29,073 | €28,759 | ▼ 1.1% |
| Gross operating margin9900 | €258,152 | €236,986 | €226,504 | €226,232 | €272,494 | ▲ 20.4% |
| Operating profit (loss)9901 | €54,269 | €33,931 | €20,215 | €33,834 | €70,394 | ▲ 108% |
| Financial income75/76B | - | - | €88 | €214 | €439 | ▲ 105% |
| Recurring financial income75 | - | - | €88 | €214 | €439 | ▲ 105% |
| Financial charges65/66B | €15,335 | €11,102 | €8,088 | €5,413 | €3,764 | ▼ 30.5% |
| Recurring financial charges65 | €15,335 | €11,102 | €8,088 | €5,413 | €3,764 | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | €38,934 | €22,829 | €12,215 | €28,635 | €67,069 | ▲ 134% |
| Income taxes67/77 | €7,263 | €5,238 | €2,402 | €8,634 | €21,447 | ▲ 148% |
| Profit (loss) for the period9904 | €31,671 | €17,591 | €9,813 | €20,001 | €45,622 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €31,671 | €17,591 | €9,813 | €20,001 | €45,622 | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €983,228 | €1.0m | €930,301 | €993,896 | ▲ 6.8% |
| Formation expenses20 | €14,371 | €14,371 | €14,371 | €14,371 | €14,371 | = |
| Fixed assets21/28 | €878,013 | €815,967 | €840,246 | €770,928 | €714,995 | ▼ 7.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €856,103 | €794,057 | €818,336 | €749,018 | €693,085 | ▼ 7.5% |
| Land and buildings22 | €837,537 | €781,856 | €813,261 | €743,205 | €664,108 | ▼ 10.6% |
| Furniture and vehicles24 | €18,566 | €12,201 | €5,075 | €5,813 | €28,977 | ▲ 399% |
| Financial fixed assets28 | €21,910 | €21,910 | €21,910 | €21,910 | €21,910 | = |
| Current assets29/58 | €130,428 | €152,890 | €180,251 | €145,003 | €264,530 | ▲ 82.4% |
| Stocks and contracts in progress3 | €24,105 | €26,524 | €26,524 | €17,064 | €17,456 | ▲ 2.3% |
| Stocks30/36 | €24,105 | €26,524 | €26,524 | €17,064 | €17,456 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €78,200 | €64,081 | €65,805 | €51,902 | €63,483 | ▲ 22.3% |
| Trade receivables40 | €78,200 | €64,081 | €65,779 | €51,902 | €63,483 | ▲ 22.3% |
| Other amounts receivable41 | €0 | €0 | €26 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €21,897 | €19,616 | €44,678 | €44,259 | €151,291 | ▲ 242% |
| Deferred charges and accrued income490/1 | €6,226 | €42,669 | €43,244 | €31,778 | €32,300 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €983,228 | €1.0m | €930,301 | €993,896 | ▲ 6.8% |
| Equity10/15 | €444,812 | €462,403 | €472,216 | €492,217 | €537,838 | ▲ 9.3% |
| Contributions10/11 | €165,395 | €165,395 | €165,395 | €165,395 | €165,395 | = |
| Outside capital11 | - | €165,395 | - | - | - | - |
| Other1109/19 | - | €165,395 | - | - | - | - |
| Reserves13 | €138,106 | €138,106 | €138,106 | €138,106 | €178,106 | ▲ 29.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €54,235 | €54,235 | €54,235 | €54,235 | €54,235 | = |
| Distributable reserves133 | €82,012 | €82,012 | €83,871 | €83,871 | €123,871 | ▲ 47.7% |
| Profit (loss) carried forward14 | €141,312 | €158,903 | €168,716 | €188,716 | €194,338 | ▲ 3.0% |
| Amounts payable17/49 | €577,999 | €520,824 | €562,652 | €438,085 | €456,057 | ▲ 4.1% |
| Amounts payable after more than one year17 | €291,862 | €234,987 | €235,058 | €215,130 | €186,923 | ▼ 13.1% |
| Financial debts170/4 | €279,882 | €219,347 | €218,969 | €193,910 | €167,903 | ▼ 13.4% |
| Other amounts payable178/9 | €11,980 | €15,640 | €16,089 | €21,220 | €19,020 | ▼ 10.4% |
| Amounts payable within one year42/48 | €278,187 | €278,377 | €321,161 | €215,123 | €248,573 | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | €140,536 | €60,535 | €58,406 | €25,059 | €26,007 | ▲ 3.8% |
| Trade debts44 | €25,005 | €20,535 | €51,069 | €17,630 | €47,091 | ▲ 167% |
| Suppliers440/4 | €25,005 | €20,535 | €51,069 | €17,630 | €47,091 | ▲ 167% |
| Taxes, remuneration and social security45 | €35,204 | €40,442 | €46,068 | €34,044 | €50,456 | ▲ 48.2% |
| Taxes450/3 | €22,591 | €24,300 | €22,649 | €14,466 | €33,332 | ▲ 130% |
| Remuneration and social security454/9 | €12,613 | €16,143 | €23,419 | €19,578 | €17,124 | ▼ 12.5% |
| Other amounts payable47/48 | €77,442 | €156,865 | €165,618 | €138,390 | €125,019 | ▼ 9.7% |
| Accrued charges and deferred income492/3 | €7,950 | €7,460 | €6,432 | €7,832 | €20,562 | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,671 | €17,591 | €9,813 | €20,001 | €45,622 | ▲ 128% |
| + Depreciation and write-downs630 | €91,227 | €97,802 | €93,515 | €84,773 | €84,747 | = |
| Operating cash flow (approximation) | €122,898 | €115,392 | €103,328 | €104,774 | €130,369 | ▲ 24.4% |
| Investment in fixed assets (approximation) | - | -€35,755 | -€117,794 | -€15,455 | -€28,814 | ▼ 86.4% |
| Change in cash | - | -€2,281 | €25,062 | -€420 | €107,032 | ▲ 25,598% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €45,622 ▲128%
Operating result €70,394, net result €45,622, both a record.
31-12
Financial
Equity above €500,000Eq €537,838 ▲9.3%
7 profitable years in a row build equity to €537,838.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 6 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €15,068
Net result €15,068 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1993
Ground area
103 m²
Building footprint
57 m²
Volume, LiDAR
759 m³
Parcel 62803B0001/00X000, Wallonia · tallest building 14.7 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IDEOCOPY SPRL
since 19932.062.273.745
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803B0001/00X000 | Wallonia | 103 m² | 1 · 57 m² | 14.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 3 holdingsOwners 1
- Patrick OLCZYKnatural personSourceown accounts 202599.86%
Holdings 3
-
98%
- AIR PRINTsubsidiarySourceaccounts AIR PRINT 202570%
-
1%
According to the 2025 annual accounts of IDECOPY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
DRUKKERIJ SENKA
BE 0475.534.382
Ranst · Eq €534,962
AUGUSTYNEN
BE 0442.789.855
Putte · Eq €528,414
Drukkerij van Hoeilaart
BE 0400.636.427
Hoeilaart · Eq €564,653
Eder
BE 0424.039.260
Brussel · Eq €506,992
Rotary BeLux Services
BE 0426.039.341
Brussel · Eq €467,767
Of 195 companies in this sector we hold annual accounts for 134. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
18110Printing and reproduction of recorded media
18140Printing and reproduction of recorded media
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449897183
Also
9925:BE0449897183
Registered
24-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.