Summary
IKASO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.15M and a net result of €-26k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 5547 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
45 d early
2023
48 d early
2022
48 d early
2021
25 d early
2020
33 d early
2019
18 d early
← 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, abbreviated schema
Equity
€5.15M▲ 94.0%
2024 · €2.66M
Net result
€-26k
2024 · €462k
Total assets
€11.03M▼ 9.4%
2024 · €12.18M
Solvency
46.7%▲ 24.9pp
2024 · 21.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€494k▲ 6.9%€809k▲ 63.8%€827k▲ 2.2%€1.07M▲ 29.9%€908k▼ 15.5%
Operating result€500k▲ 75.5%€771k▲ 54.2%€850k▲ 10.3%€1.01M▲ 18.2%€599k▼ 40.4%
Net result€334k▲ 85.7%€443k▲ 32.8%€446k▲ 0.7%€462k▲ 3.4%€-26k
Equity€1.30M▲ 34.4%€1.75M▲ 34.0%€2.19M▲ 25.5%€2.66M▲ 21.0%€5.15M▲ 94.0%
Total assets€10.71M▲ 4.6%€10.80M▲ 0.9%€11.56M▲ 7.0%€12.18M▲ 5.3%€11.03M▼ 9.4%
Debt€9.33M▲ 1.5%€8.99M▼ 3.6%€9.31M▲ 3.5%€9.47M▲ 1.7%€5.83M▼ 38.5%
Working capital€-6.01M▼ 9.8%€-5.68M▲ 5.5%€-5.71M▼ 0.6%€-6.31M▼ 10.4%€-2.74M▲ 56.5%
Solvency12.2%▲ 2.7pp16.2%▲ 4.0pp19.0%▲ 2.8pp21.8%▲ 2.8pp46.7%▲ 24.9pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.03M
Fixed assets
€9.79M ▼ 12.7%
Current assets
€1.24M ▲ 29.2%
Equity and liabilities €11.03M
Equity
€5.15M ▲ 94.0%
Provisions
€50k ▼ 8.3%
Debt
€5.83M ▼ 38.5%
Debt's share of the balance-sheet total falls from 77.7% to 52.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-0.5%▼
2024 · 17.4%
ROA
-0.2%▼
2024 · 3.8%
Debt ≤ 1 year
€3.98M▼
2024 · €7.27M
Debt > 1 year
€1.84M▼
2024 · €2.20M
Income taxes
€85k▼
2024 · €222k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €494k | €809k | €827k | €1.07M | €908k | ▼ 15.5% |
| Goods, raw materials, services and sundry goods60/61 | €171k | €232k | €189k | €220k | €406k | ▲ 84.2% |
| Remuneration, social security and pensions62 | €273 | €220 | €294 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166k | €169k | €171k | €253k | €263k | ▲ 4.1% |
| Other operating charges640/8 | €52k | €55k | €63k | €62k | €117k | ▲ 89.1% |
| Gross operating margin9900 | €719k | €994k | €1.08M | €1.32M | €979k | ▼ 25.8% |
| Operating profit (loss)9901 | €500k | €771k | €850k | €1.01M | €599k | ▼ 40.4% |
| Financial income75/76B | €22k | €13k | €31k | €33k | €49k | ▲ 47.6% |
| Recurring financial income75 | €22k | €13k | €31k | €33k | €27k | ▼ 18.4% |
| Non-recurring financial income76B | - | - | - | - | €22k | - |
| Financial charges65/66B | €70k | €188k | €285k | €359k | €593k | ▲ 65.2% |
| Recurring financial charges65 | €70k | €188k | €285k | €359k | €204k | ▼ 43.1% |
| Non-recurring financial charges66B | - | - | - | - | €389k | - |
| Profit (loss) for the period before taxes9903 | €452k | €595k | €597k | €679k | €55k | ▼ 91.9% |
| Transfer from deferred taxes780 | €5k | €5k | €5k | €5k | €5k | = |
| Income taxes67/77 | €123k | €157k | €155k | €222k | €85k | ▼ 61.7% |
| Profit (loss) for the period9904 | €334k | €443k | €446k | €462k | €-26k | ▼ 106% |
| Transfer from tax-exempt reserves789 | €9k | €9k | €9k | €9k | €9k | = |
| Profit (loss) for the period to be appropriated9905 | €343k | €452k | €455k | €471k | €-17k | ▼ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.71M | €10.80M | €11.56M | €12.18M | €11.03M | ▼ 9.4% |
| Fixed assets21/28 | €9.87M | €9.73M | €10.51M | €11.22M | €9.79M | ▼ 12.7% |
| Tangible fixed assets22/27 | €8.64M | €8.49M | €9.28M | €9.99M | €9.79M | ▼ 2.0% |
| Land and buildings22 | €8.47M | €8.35M | €9.16M | €9.88M | €9.67M | ▼ 2.2% |
| Plant, machinery and equipment23 | €163k | €145k | €127k | €109k | €122k | ▲ 12.0% |
| Financial fixed assets28 | €1.24M | €1.24M | €1.23M | €1.23M | €0 | ▼ 100% |
| Current assets29/58 | €831k | €1.07M | €1.05M | €960k | €1.24M | ▲ 29.2% |
| Amounts receivable within one year40/41 | €804k | €1.05M | €1.00M | €765k | €1.13M | ▲ 48.3% |
| Trade receivables40 | €27k | €1k | €558 | €66k | €42k | ▼ 36.9% |
| Other amounts receivable41 | €778k | €1.05M | €1.00M | €699k | €1.09M | ▲ 56.4% |
| Cash at bank and in hand54/58 | €26k | €17k | €44k | €195k | €105k | ▼ 45.9% |
| Deferred charges and accrued income490/1 | €465 | €3k | €2k | €782 | €697 | ▼ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.71M | €10.80M | €11.56M | €12.18M | €11.03M | ▼ 9.4% |
| Equity10/15 | €1.30M | €1.75M | €2.19M | €2.66M | €5.15M | ▲ 94.0% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €581k | ▲ 795% |
| Capital10 | €65k | €65k | €65k | €65k | €581k | ▲ 795% |
| Issued capital100 | €65k | €65k | €65k | €65k | €581k | ▲ 795% |
| Reserves13 | €1.24M | €1.68M | €2.13M | €2.59M | €4.57M | ▲ 76.4% |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €58k | ▲ 795% |
| Legal reserve130 | €7k | €7k | €7k | €7k | €58k | ▲ 795% |
| Tax-exempt reserves132 | €131k | €122k | €114k | €105k | €102k | ▼ 2.8% |
| Distributable reserves133 | €1.10M | €1.55M | €2.01M | €2.48M | €4.41M | ▲ 77.8% |
| Profit (loss) carried forward14 | - | - | - | €6 | €828 | ▲ 14,847% |
| Provisions and deferred taxes16 | €68k | €63k | €59k | €54k | €50k | ▼ 8.3% |
| Deferred taxes168 | €68k | €63k | €59k | €54k | €50k | ▼ 8.3% |
| Amounts payable17/49 | €9.33M | €8.99M | €9.31M | €9.47M | €5.83M | ▼ 38.5% |
| Amounts payable after more than one year17 | €2.49M | €2.24M | €2.54M | €2.20M | €1.84M | ▼ 16.2% |
| Financial debts170/4 | €2.49M | €2.24M | €2.54M | €2.20M | €1.84M | ▼ 16.2% |
| Amounts payable within one year42/48 | €6.84M | €6.75M | €6.76M | €7.27M | €3.98M | ▼ 45.2% |
| Current portion of amounts payable after more than one year42 | €246k | €235k | €325k | €347k | €355k | ▲ 2.2% |
| Financial debts43 | €20k | - | - | €600k | - | - |
| Credit institutions430/8 | €20k | - | - | €600k | - | - |
| Trade debts44 | €136k | €334k | €527k | €534k | €744k | ▲ 39.2% |
| Suppliers440/4 | €136k | €334k | €527k | €534k | €744k | ▲ 39.2% |
| Taxes, remuneration and social security45 | €98k | €44k | €80k | €223k | €231k | ▲ 3.7% |
| Taxes450/3 | €98k | €44k | €80k | €223k | €231k | ▲ 3.7% |
| Other amounts payable47/48 | €6.34M | €6.14M | €5.83M | €5.56M | €2.65M | ▼ 52.3% |
| Accrued charges and deferred income492/3 | €243 | - | €54 | €54 | €54 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334k | €443k | €446k | €462k | €-26k | ▼ 106% |
| + Depreciation and write-downs630 | €166k | €169k | €171k | €253k | €263k | ▲ 4.1% |
| Operating cash flow (approximation) | €500k | €612k | €618k | €715k | €237k | ▼ 66.8% |
| Investment in fixed assets (approximation) | - | €-25k | €-952k | €-958k | €1.17M | ▲ 222% |
| Change in cash | - | €-9k | €27k | €151k | €-89k | ▼ 159% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
31-12
Financial
Equity above €5MEq €5.15M ▲94%
Equity rises from €2.66M to €5.15M.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €462k ▲3.4%
Operating result €1.01M, net result €462k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.19M ▲25.5%
6 profitable years in a row build equity to €2.19M.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.30M ▲34.4%
4 profitable years in a row build equity to €1.30M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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, Jabbeke · 1 establishment unit since 1993
Ground area
2.9 ha
Building footprint
4,828 m²
Volume, LiDAR
29,007 m³
Parcel 31012B0535/00R000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lettenburgstraat 4 D, 8490 Jabbeke
since 19932.060.522.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012B0535/00R000 | Flanders | 2.9 ha | 1 · 4,828 m² | 9.0 m · 2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 8,046 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64910Financial service activities, except insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.