IKAROS
ActiveSummary
IKAROS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539,443 and a net result of €4,461. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 34% of 255 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-5
Solvency47=
Growth48=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.38 in 2024; short-term debt: 67% and cash: 7% of total assets), and 78.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more 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
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
21.6%
Return on assets
0.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
63 d early
2023
41 d early
2022
58 d early
2021
68 d early
2020
52 d early
2019
42 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 54 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 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 Is the workforce growing, and do people stay?Employer check 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 What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 fastest grower in Diest#5 company by total assets in Diest, Administrative and support services sector#6 employer in Flemish Brabant, Travel agencies sector
Turnover
€7.6m▲ 1.2%
2024 · €7.5m
EBIT margin
0.1%▼ 0.4pp
2024 · 0.5%
Net result
€4,461▼ 90.5%
2024 · €47,000
Working capital
€677,249▲ 8.0%
2024 · €626,876
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.1m▼ 19.0%€5.6m▲ 163%€7.2m▲ 29.3%€7.5m▲ 4.0%€7.6m▲ 1.2%
Operating result-€4,085▲ 99.3%€293,056€218,906▼ 25.3%€40,860▼ 81.3%€9,464▼ 76.8%
Net result-€9,619within the sector's middle half▲ 98.3%€269,806above the sector's middle half€207,505above the sector's middle half▼ 23.1%€47,000within the sector's middle half▼ 77.3%€4,461within the sector's middle half▼ 90.5%
EBIT margin-0.2%▲ 21.3pp5.2%▲ 5.4pp3.0%▼ 2.2pp0.5%▼ 2.5pp0.1%▼ 0.4pp
Equity€27,505below the sector's middle half▼ 25.9%€297,311within the sector's middle half▲ 981%€504,816within the sector's middle half▲ 69.8%€534,982within the sector's middle half▲ 6.0%€539,443above the sector's middle half▲ 0.8%
Total assets€1.3mwithin the sector's middle half▼ 9.9%€1.8mwithin the sector's middle half▲ 41.9%€2.4mabove the sector's middle half▲ 33.8%€2.4mabove the sector's middle half▲ 2.4%€2.5mabove the sector's middle half▲ 2.3%
Debt€1.2m▼ 9.5%€1.5m▲ 20.9%€1.9m▲ 26.6%€1.9m▲ 1.4%€2.0m▲ 2.8%
Working capital€61,034within the sector's middle half▲ 31.7%€496,625above the sector's middle half▲ 714%€728,164above the sector's middle half▲ 46.6%€626,876above the sector's middle half▼ 13.9%€677,249above the sector's middle half▲ 8.0%
Solvency2.2%below the sector's middle half▼ 0.5pp16.7%within the sector's middle half▲ 14.5pp21.1%within the sector's middle half▲ 4.5pp21.9%within the sector's middle half▲ 0.7pp21.6%within the sector's middle half▼ 0.3pp
Current ratio1.05below the sector's middle half▲ 0.021.39within the sector's middle half▲ 0.341.45within the sector's middle half▲ 0.061.38within the sector's middle half▼ 0.071.40within the sector's middle half▲ 0.03
Return on assets (ROA)-0.8%within the sector's middle half▲ 41.0pp15.1%above the sector's middle half▲ 15.9pp8.7%within the sector's middle half▼ 6.4pp1.9%within the sector's middle half▼ 6.8pp0.2%below the sector's middle half▼ 1.7pp
Staff (FTE)12.6above the sector's middle half▼ 18.7%12.1above the sector's middle half▼ 4.0%15.2above the sector's middle half▲ 25.6%16.9above the sector's middle half▲ 11.2%16.7above the sector's middle half▼ 1.2%
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€148,639 ▼ 6.9%
Current assets
€2.4m ▲ 3.0%
Equity and liabilities €2.5m
Equity
€539,443 ▲ 0.8%
Debt
€2.0m ▲ 2.8%
Debt's share of the balance-sheet total rises from 78.1% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85,813▲
2024 · €81,836
Cash flow
€80,810▼
2024 · €87,976
Quick ratio
1.40▲
2024 · 1.38
Debt to equity
3.64▲
2024 · 3.57
ROE
0.8%▼
2024 · 8.8%
Interest coverage
2.75▼
2024 · 3.41
Debt ≤ 1 year
€1.7m▲
2024 · €1.7m
Debt > 1 year
€175,000=
2024 · €175,000
Income taxes
€368▼
2024 · €4,607
Staff costs
€1.1m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 4,681 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 | €2.1m | €5.6m | €7.2m | €7.5m | €7.6m | ▲ 1.2% |
| Non-recurring operating income76A | - | €22,500 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €4.6m | €6.0m | €6.4m | €6.4m | ▲ 0.5% |
| Remuneration, social security and pensions62 | - | €740,856 | €990,733 | €1.1m | €1.1m | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,407 | €17,195 | €13,054 | €40,976 | €76,349 | ▲ 86.3% |
| Other operating charges640/8 | - | €18,714 | €1,912 | €2,194 | €2,446 | ▲ 11.5% |
| Gross operating margin9900 | €456,655 | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 4.8% |
| Operating profit (loss)9901 | -€4,085 | €293,056 | €218,906 | €40,860 | €9,464 | ▼ 76.8% |
| Financial income75/76B | - | €9,826 | €16,435 | €34,758 | €26,529 | ▼ 23.7% |
| Recurring financial income75 | €4,496 | €9,826 | €16,435 | €34,758 | €26,529 | ▼ 23.7% |
| Financial charges65/66B | - | €31,688 | €26,931 | €24,011 | €31,164 | ▲ 29.8% |
| Recurring financial charges65 | €9,537 | €31,688 | €26,931 | €24,011 | €31,164 | ▲ 29.8% |
| Profit (loss) for the period before taxes9903 | -€8,927 | €271,194 | €208,410 | €51,607 | €4,829 | ▼ 90.6% |
| Transfer from deferred taxes780 | - | €150 | - | - | - | - |
| Income taxes67/77 | €692 | €1,538 | €905 | €4,607 | €368 | ▼ 92.0% |
| Profit (loss) for the period9904 | -€9,619 | €269,806 | €207,505 | €47,000 | €4,461 | ▼ 90.5% |
| Transfer from tax-exempt reserves789 | - | €760 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€9,619 | €270,566 | €207,505 | €47,000 | €4,461 | ▼ 90.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.8m | €2.4m | €2.4m | €2.5m | ▲ 2.3% |
| Fixed assets21/28 | €29,325 | €23,118 | €39,615 | €159,685 | €148,639 | ▼ 6.9% |
| Intangible fixed assets21 | €15,640 | €7,029 | €3,475 | €106,234 | €100,682 | ▼ 5.2% |
| Tangible fixed assets22/27 | €13,685 | €16,089 | €36,140 | €53,451 | €47,957 | ▼ 10.3% |
| Plant, machinery and equipment23 | - | €8,024 | €19,394 | €18,898 | €14,147 | ▼ 25.1% |
| Furniture and vehicles24 | - | €1,757 | €1,339 | €6,004 | €22,758 | ▲ 279% |
| Other tangible fixed assets26 | - | €6,308 | €15,407 | €28,549 | €11,052 | ▼ 61.3% |
| Current assets29/58 | €1.2m | €1.8m | €2.3m | €2.3m | €2.4m | ▲ 3.0% |
| Stocks and contracts in progress3 | €5,278 | €3,538 | - | - | €2,099 | - |
| Stocks30/36 | - | €3,538 | - | - | €2,099 | - |
| Amounts receivable within one year40/41 | €80,435 | €28,882 | €13,331 | €189,835 | €269,268 | ▲ 41.8% |
| Trade receivables40 | - | €27,670 | €11,634 | €179,366 | €239,833 | ▲ 33.7% |
| Other amounts receivable41 | - | €1,212 | €1,697 | €10,469 | €29,435 | ▲ 181% |
| Current investments50/53 | €1.0m | €1.5m | €2.0m | €1.7m | €1.7m | ▼ 1.3% |
| Cash at bank and in hand54/58 | €109,144 | €126,893 | €159,371 | €163,550 | €176,169 | ▲ 7.7% |
| Deferred charges and accrued income490/1 | - | €69,454 | €201,400 | €216,294 | €212,746 | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €2.4m | €2.4m | €2.5m | ▲ 2.3% |
| Equity10/15 | €27,505 | €297,311 | €504,816 | €534,982 | €539,443 | ▲ 0.8% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Issued capital100 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €569,819 | €569,059 | €247,311 | €454,816 | €484,982 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Legal reserve130 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | €564,059 | €242,311 | €449,816 | €479,982 | ▲ 6.7% |
| Profit (loss) carried forward14 | -€592,314 | -€321,748 | €207,505 | €30,166 | €4,461 | ▼ 85.2% |
| Provisions and deferred taxes16 | €150 | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.5m | €1.9m | €1.9m | €2.0m | ▲ 2.8% |
| Amounts payable after more than one year17 | - | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Financial debts170/4 | - | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Amounts payable within one year42/48 | €1.2m | €1.3m | €1.6m | €1.7m | €1.7m | ▲ 1.1% |
| Trade debts44 | €35,645 | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 2.2% |
| Suppliers440/4 | - | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 2.2% |
| Taxes, remuneration and social security45 | - | €191,076 | €254,971 | €219,245 | €222,415 | ▲ 1.4% |
| Taxes450/3 | - | €7,406 | €13,767 | €18,012 | €16,919 | ▼ 6.1% |
| Remuneration and social security454/9 | - | €183,670 | €241,204 | €201,233 | €205,496 | ▲ 2.1% |
| Other amounts payable47/48 | - | - | - | €16,834 | - | - |
| Accrued charges and deferred income492/3 | - | €47,432 | €87,963 | €76,579 | €111,445 | ▲ 45.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,619 | €269,806 | €207,505 | €47,000 | €4,461 | ▼ 90.5% |
| + Depreciation and write-downs630 | €22,407 | €17,195 | €13,054 | €40,976 | €76,349 | ▲ 86.3% |
| Operating cash flow (approximation) | €12,788 | €287,001 | €220,559 | €87,976 | €80,810 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€10,988 | -€29,551 | -€161,046 | -€65,303 | ▲ 59.5% |
| Change in cash | - | €17,749 | €32,478 | €4,179 | €12,619 | ▲ 202% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €500,000Eq €504,816 ▲69.8%
2 profitable years in a row build equity to €504,816.
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €269,806
Net result €269,806 after 2 loss-making years.
30-09
Financial
Equity above €200,000Eq €297,311 ▲981%
Equity rises from €27,505 to €297,311.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€582,695
Net result drops to -€582,695, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Diest · 1 establishment unit since 1988
Ground area
133 m²
Building footprint
111 m²
Volume, LiDAR
1,020 m³
Parcel 24020A1398/00H002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IKAROS CVBA
since 19882.041.043.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020A1398/00H002 | Flanders | 133 m² | 1 · 111 m² | 10.9 m · 3 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 ownerChain of control
Highest known parent: J.-Animatie Kollektief. The sources do not say who stands above it.
Owners 1
- 99.76%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 25,201 EUR awarded · 25,201 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 347 EUR | 347 EUR |
| 2023 | 2 | 2,354 EUR | 2,354 EUR |
| 2022 | 1 | 22,500 EUR | 22,500 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500JXZ1T5RH87LD87
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Identification & contact
Identification
Legal formPrivate limited company
Founded15-11-1988
Fiscal year end30-09
Activities, NACEBEL 2025
79110Travel agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435839905
Also
9925:BE0435839905
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.