IKAN DEVELOPMENT
ActiveSummary
IKAN DEVELOPMENT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.27M) and a net result of €535. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-17
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 17.9% and cash: 12.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-254.5%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 1424 sector peers (2025).
NBB · sector comparisonPosition among 1424 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
1 d early
2023
56 d early
2022
56 d early
2021
59 d early
2020
40 d early
2019
19 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€535▼ 99.6%
2024 · €137k
2018: €-339klowest in 8 years
2019: €-316k▲ +6.5% vs 2018
2020: €-218k▲ +31.2% vs 2019
2021: €-46k▲ +78.7% vs 2020
2022: €466k▲ +1104% vs 2021highest in 8 years
2023: €136k▼ -70.8% vs 2022
2024: €137k▲ +0.5% vs 2023
2025: €535▼ -99.6% vs 2024
2018 → 2025
Working capital
€1k▼ 62.2%
2024 · €3k
2018: €-2k
2019: €-47k▼ -1864% vs 2018lowest in 8 years
2020: €4k▲ +109% vs 2019
2021: €104k▲ +2361% vs 2020
2022: €155k▲ +49.7% vs 2021
2023: €168k▲ +8.4% vs 2022highest in 8 years
2024: €3k▼ -98.3% vs 2023
2025: €1k▼ -62.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3.01M-€-2.54M▲ 15.5%€-2.40M▲ 5.4%€-2.27M▲ 5.7%€-2.27M=
2021: €-3.01Mlowest in 5 years
2022: €-2.54M▲ +15.5% vs 2021
2023: €-2.40M▲ +5.4% vs 2022
2024: €-2.27M▲ +5.7% vs 2023
2025: €-2.27M● +0.0% vs 2024highest in 5 years
Operating result€-31k-€45k€181k▲ 303%€187k▲ 3.3%€45k▼ 76.1%
2021: €-31klowest in 5 years
2022: €45k▲ +246% vs 2021
2023: €181k▲ +303% vs 2022
2024: €187k▲ +3.3% vs 2023highest in 5 years
2025: €45k▼ -76.1% vs 2024
Net result€-46k-€466k€136k▼ 70.8%€137k▲ 0.5%€535▼ 99.6%
2021: €-46klowest in 5 years
2022: €466k▲ +1104% vs 2021highest in 5 years
2023: €136k▼ -70.8% vs 2022
2024: €137k▲ +0.5% vs 2023
2025: €535▼ -99.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €891k
Fixed assets
€730k ▲ 3.7%
Current assets
€161k ▼ 40.9%
Key figures and ratios
EBITDA
€307k▼
2024 · €415k
Cash flow
€263k▼
2024 · €365k
Solvency
-254.5%▼
2024 · -232.3%
Current ratio
1.01▼
2024 · 1.01
Debt to equity
-1.39▲
2024 · -1.43
ROA
0.1%▼
2024 · 14.0%
Interest coverage
6.95▼
2024 · 8.40
Debt
€3.16M▼
2024 · €3.24M
Debt ≤ 1 year
€160k▼
2024 · €269k
Debt > 1 year
€2.78M▼
2024 · €2.81M
Income taxes
€768▲
2024 · €753
Staff costs
€250k▼
2024 · €269k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€976k€891k▼
Fixed assets21/28€704k€730k▲
Intangible fixed assets21€693k€721k▲
Tangible fixed assets22/27€1k€4k▲
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€10k€5k▼
Current assets29/58€272k€161k▼
Amounts receivable within one year40/41€203k€46k▼
Trade receivables40€198k€45k▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€63k€111k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€976k€891k▼
Equity10/15€-2.27M€-2.27M=
Contributions10/11€1.06M€1.06M=
Capital10€1.06M€1.06M=
Issued capital100€1.06M€1.06M=
Profit (loss) carried forward14€-3.33M€-3.33M=
Amounts payable17/49€3.24M€3.16M▼
Amounts payable after more than one year17€2.81M€2.78M▼
Financial debts170/4€2.81M€2.78M▼
Amounts payable within one year42/48€269k€160k▼
Current portion of amounts payable after more than one year42€45k€47k▲
Financial debts43€4k€3k▼
Credit institutions430/8€4k€3k▼
Trade debts44€112k€22k▼
Suppliers440/4€112k€22k▼
Taxes, remuneration and social security45€84k€63k▼
Taxes450/3€0€4k▲
Remuneration and social security454/9€84k€59k▼
Other amounts payable47/48€24k€25k▲
Accrued charges and deferred income492/3€159k€217k▲
Income statement
Code20242025
Remuneration, social security and pensions62€269k€250k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€228k€262k▲
Other operating charges640/8€1k€59k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€684k€616k▼
Operating profit (loss)9901€187k€45k▼
Financial income75/76B€332€817▲
Recurring financial income75€332€817▲
Financial charges65/66B€49k€44k▼
Recurring financial charges65€49k€44k▼
Profit (loss) for the period before taxes9903€138k€1k▼
Income taxes67/77€753€768▲
Profit (loss) for the period9904€137k€535▼
Profit (loss) for the period to be appropriated9905€137k€535▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.33M€-3.33M=
Profit (loss) brought forward from the previous period14P€-3.47M€-3.33M▲
Social balance
Average headcount (FTE)90873.63.6=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €319k | €319k | €253k | €269k | €250k | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €286k | €232k | €220k | €228k | €262k | ▲ 15.0% |
| Other operating charges640/8 | €2k | €1k | €1k | €1k | €59k | ▲ 5,186% |
| Non-recurring operating charges66A | €4 | €0 | €1 | €0 | - | - |
| Gross operating margin9900 | €577k | €597k | €655k | €684k | €616k | ▼ 10.0% |
| Operating profit (loss)9901 | €-31k | €45k | €181k | €187k | €45k | ▼ 76.1% |
| Financial income75/76B | €388 | €438k | €122 | €332 | €817 | ▲ 146% |
| Recurring financial income75 | €388 | €256 | €122 | €332 | €817 | ▲ 146% |
| Non-recurring financial income76B | - | €438k | €0 | - | - | - |
| Financial charges65/66B | €15k | €16k | €44k | €49k | €44k | ▼ 10.6% |
| Recurring financial charges65 | €15k | €16k | €44k | €49k | €44k | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €-46k | €467k | €137k | €138k | €1k | ▼ 99.1% |
| Income taxes67/77 | €943 | €440 | €469 | €753 | €768 | ▲ 2.0% |
| Profit (loss) for the period9904 | €-46k | €466k | €136k | €137k | €535 | ▼ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €-46k | €466k | €136k | €137k | €535 | ▼ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €849k | €925k | €1.09M | €976k | €891k | ▼ 8.7% |
| Fixed assets21/28 | €570k | €591k | €645k | €704k | €730k | ▲ 3.7% |
| Intangible fixed assets21 | €566k | €586k | €640k | €693k | €721k | ▲ 3.9% |
| Tangible fixed assets22/27 | - | €936 | €583 | €1k | €4k | ▲ 236% |
| Furniture and vehicles24 | - | €936 | €583 | €1k | €4k | ▲ 236% |
| Financial fixed assets28 | €5k | €5k | €5k | €10k | €5k | ▼ 46.1% |
| Current assets29/58 | €279k | €333k | €443k | €272k | €161k | ▼ 40.9% |
| Amounts receivable within one year40/41 | €257k | €253k | €435k | €203k | €46k | ▼ 77.3% |
| Trade receivables40 | €53k | €53k | €235k | €198k | €45k | ▼ 77.5% |
| Other amounts receivable41 | €204k | €200k | €201k | €5k | €2k | ▼ 68.2% |
| Cash at bank and in hand54/58 | €19k | €80k | €5k | €63k | €111k | ▲ 77.2% |
| Deferred charges and accrued income490/1 | €3k | €476 | €2k | €6k | €3k | ▼ 45.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €849k | €925k | €1.09M | €976k | €891k | ▼ 8.7% |
| Equity10/15 | €-3.01M | €-2.54M | €-2.40M | €-2.27M | €-2.27M | = |
| Contributions10/11 | €1.06M | €1.06M | €1.06M | €1.06M | €1.06M | = |
| Capital10 | €1.06M | €1.06M | €1.06M | €1.06M | €1.06M | = |
| Issued capital100 | €1.06M | €1.06M | €1.06M | €1.06M | €1.06M | = |
| Profit (loss) carried forward14 | €-4.07M | €-3.60M | €-3.47M | €-3.33M | €-3.33M | = |
| Amounts payable17/49 | €3.86M | €3.46M | €3.49M | €3.24M | €3.16M | ▼ 2.6% |
| Amounts payable after more than one year17 | €3.46M | €3.00M | €2.93M | €2.81M | €2.78M | ▼ 1.2% |
| Financial debts170/4 | €3.46M | €3.00M | €2.93M | €2.81M | €2.78M | ▼ 1.2% |
| Amounts payable within one year42/48 | €175k | €178k | €275k | €269k | €160k | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | - | - | €44k | €45k | €47k | ▲ 3.9% |
| Financial debts43 | - | - | €60k | €4k | €3k | ▼ 17.8% |
| Credit institutions430/8 | - | - | €60k | €4k | €3k | ▼ 17.8% |
| Trade debts44 | €684 | €7k | €39k | €112k | €22k | ▼ 80.0% |
| Suppliers440/4 | €684 | €7k | €39k | €112k | €22k | ▼ 80.0% |
| Taxes, remuneration and social security45 | €148k | €157k | €108k | €84k | €63k | ▼ 25.8% |
| Taxes450/3 | €756 | €7k | €9k | €0 | €4k | - |
| Remuneration and social security454/9 | €147k | €151k | €99k | €84k | €59k | ▼ 30.3% |
| Other amounts payable47/48 | €27k | €14k | €24k | €24k | €25k | ▲ 1.8% |
| Accrued charges and deferred income492/3 | €217k | €287k | €287k | €159k | €217k | ▲ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-46k | €466k | €136k | €137k | €535 | ▼ 99.6% |
| + Depreciation and write-downs630 | €286k | €232k | €220k | €228k | €262k | ▲ 15.0% |
| Operating cash flow (approximation) | €239k | €699k | €356k | €365k | €263k | ▼ 28.0% |
| Investment in fixed assets (approximation) | - | €-253k | €-274k | €-287k | €-288k | ▼ 0.4% |
| Change in cash | - | €61k | €-75k | €58k | €49k | ▼ 15.8% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €466k
Net result €466k after 4 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Mechelen · 1 establishment unit since 2006
Ground area
1.3 ha
Building footprint
4,002 m²
Volume, LiDAR
51,874 m³
Parcel 12403D0148/00G000, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Ikan Development
since 20062.154.535.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0148/00G000 | Flanders | 1.3 ha | 1 · 4,002 m² | 20.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 33,819 EUR awarded · 33,819 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,016 EUR | 9,016 EUR |
| 2024 | 1 | 8,687 EUR | 8,687 EUR |
| 2023 | 1 | 8,535 EUR | 8,535 EUR |
| 2022 | 1 | 7,581 EUR | 7,581 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Legal Entity Identifier
894500CFG5CT2NE3YI05
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 1,666 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
Scores and ratios are computed by Checked and are not a credit decision.