IDEEFOX

Active

Public limited companyfounded 200026 yrs activeVinkensveldstraat(ICH) 3, 8480 Ichtegem, BelgiumKBO/BCE: BE 0472.671.892

IDEEFOX has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1k) and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 140 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

21 / 100

Critical▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency43=

Growth58=

Stability100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.92 against 0.93 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 140 sector peers (2025).

NBB · sector comparison

Position among 140 sector peers

Solvency

better than 6%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

27 d late

2024

29 d late

2023

30 d late

2022

31 d late

2021

12 d early

2020

33 d early

2019

119 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€20k▲ 132%

2024 · €9k

2018: €8k 2019: €-3k 2020: €-83k 2021: €-66k 2022: €-4k 2023: €27k 2024: €9k

2018 → 2025

Working capital

€-96k▼ 24.5%

2024 · €-77k

2018: €-118k 2019: €-107k 2020: €-26k 2021: €-92k 2022: €-12k 2023: €6k 2024: €-77k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-52k-€-57k▼ 8.2%€-30k▲ 47.0%€-21k▲ 29.1%€-1k▲ 95.2%

Operating result€-52k-€3k€40k▲ 1,150%€28k▼ 31.5%€37k▲ 33.7%

Net result€-66k-€-4k▲ 93.6%€27k€9k▼ 67.2%€20k▲ 132%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 34% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.50M

24.3%

75.7%

Fixed assets €365k▼ 16.2%

Current assets €1.14M▲ 15.0%

Key figures and ratios

2025 value · change against 2024

EBITDA

€115k▲

2024 · €92k

Cash flow

€98k▲

2024 · €73k

Solvency

-0.1%▲

2024 · -1.5%

Current ratio

0.92▼

2024 · 0.93

Quick ratio

0.92▼

2024 · 0.93

ROA

1.4%▲

2024 · 0.6%

Interest coverage

7.74▲

2024 · 6.24

Debt

€1.50M▲

2024 · €1.44M

Debt ≤ 1 year

€1.23M▲

2024 · €1.06M

Debt > 1 year

€270k▼

2024 · €379k

Income taxes

€2k▼

2024 · €4k

Staff costs

€203k▲

2024 · €190k

A ratio outside any meaningful range has been withheld (balance sheet total €1.50M, equity €-1k).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.42M€1.50M▲

Fixed assets21/28€435k€365k▼

Tangible fixed assets22/27€435k€365k▼

Land and buildings22€142k€123k▼

Plant, machinery and equipment23€134k€117k▼

Furniture and vehicles24€159k€124k▼

Current assets29/58€987k€1.14M▲

Amounts receivable within one year40/41€317k€753k▲

Trade receivables40€260k€719k▲

Other amounts receivable41€58k€34k▼

Cash at bank and in hand54/58€457k€78k▼

Deferred charges and accrued income490/1€213k€305k▲

Equity and liabilities

Total equity and liabilities10/49€1.42M€1.50M▲

Equity10/15€-21k€-1k▲

Contributions10/11€63k€63k=

Capital10€63k€63k=

Issued capital100€63k€63k=

Reserves13€37k€37k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Distributable reserves133€31k€31k=

Profit (loss) carried forward14€-121k€-101k▲

Amounts payable17/49€1.44M€1.50M▲

Amounts payable after more than one year17€379k€270k▼

Financial debts170/4€379k€270k▼

Amounts payable within one year42/48€1.06M€1.23M▲

Current portion of amounts payable after more than one year42€60k€163k▲

Trade debts44€658k€267k▼

Suppliers440/4€658k€267k▼

Advances received on contracts in progress46€189k€662k▲

Taxes, remuneration and social security45€34k€29k▼

Taxes450/3€4k€6k▲

Remuneration and social security454/9€30k€23k▼

Other amounts payable47/48€124k€110k▼

Income statement Code20242025

Non-recurring operating income76A€3k€6k▲

Remuneration, social security and pensions62€190k€203k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€78k▲

Other operating charges640/8€7k€7k▲

Non-recurring operating charges66A€0-

Gross operating margin9900€289k€325k▲

Operating profit (loss)9901€28k€37k▲

Financial income75/76B€71€101▲

Recurring financial income75€71€101▲

Financial charges65/66B€15k€15k▲

Recurring financial charges65€15k€15k▲

Profit (loss) for the period before taxes9903€13k€22k▲

Income taxes67/77€4k€2k▼

Profit (loss) for the period9904€9k€20k▲

Profit (loss) for the period to be appropriated9905€9k€20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-121k€-101k▲

Profit (loss) brought forward from the previous period14P€-130k€-121k▲

Social balance

Average headcount (FTE)90873.03.2▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 27 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

31-12

Financial Back to profitnet €27k

Net result €27k after 4 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

19-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Weakest financial yearnet €-83k

Net result drops to €-83k, the lowest in the series; recovery starts the following year.

27-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 119 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 27 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 29 days late

2017

24-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 24 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Ichtegem · 3 establishment units since 2002

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vinkensveldstraat(ICH) 38480 Ichtegem

Ground area

2,076 m²

Building footprint

864 m²

Volume, LiDAR

7,697 m³

4 parcels, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

Koningin Astridlaan 154, 8200 Brugge

NACE 63301

since 20022.095.857.719

Frank Devos Reizen

Paul Parmentierlaan 64, 8300 Knokke-HeistHotels and similar accommodation

since 20202.329.162.713

Frank Devos Reizen

Koningslaan 36, 8300 Knokke-HeistHotels and similar accommodation

since 20222.329.162.812

4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35006C0637/00F000	Flanders	1,150 m²	1 · 198 m²	7.4 m · 2 fl.
31013C0351/00A000	Flanders	386 m²	1 · 386 m²	18.9 m · 4 fl.
31030A0168/00C010	Flanders	364 m²	1 · 104 m²	-
31013C0280/00C000	Flanders	175 m²	1 · 175 m²	17.3 m · 5 fl.