Intercontinental Commodities Trading
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-01-2026 PDF all 37 filings
Equity
€658,390▼ 5.9%
2024 · €699,505
Total assets
€668,746▼ 4.6%
2024 · €701,220
Net result
-€41,115▲ 89.6%
2024 · -€396,999
Working capital
€657,953▼ 5.9%
2024 · €698,949
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€3,452
2025
20192025
Net result
-€41,115
▲ 89.6%
2025
lowest quarter of the sector
20192025
Equity
€658,390
▼ 5.9%
2025
highest quarter of the sector
20192025
Total assets
€668,746
▼ 4.6%
2025
highest quarter of the sector
20192025
Debt
€10,357
▲ 504%
2025
20192025
Working capital
€657,953
▼ 5.9%
2025
highest quarter of the sector
20192025
Solvency
98.5%
▼ 1.3pp
2025
highest quarter of the sector
20192025
Current ratio
68.43
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-6.1%
▲ 50.5pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.05m--€0.004m▲ 92.6%€0.003m-€0.008m€68€0.001m▲ 14×-€0.003m
Net result€0.01m--€0.008mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 942%€0.05mwithin the sector's middle half-€0.08mbelow the sector's middle half-€0.4mbelow the sector's middle half▼ 376%-€0.04mbelow the sector's middle half▲ 89.6%
Equity€3.6m-€3.4mabove the sector's middle half▼ 5.8%€3.1mabove the sector's middle half▼ 8.4%€1.9mabove the sector's middle half▼ 38.3%€1.1mabove the sector's middle half▼ 42.9%€0.7mabove the sector's middle half▼ 36.2%€0.7mabove the sector's middle half▼ 5.9%
Total assets€3.6m-€3.4mabove the sector's middle half▼ 5.8%€3.1mabove the sector's middle half▼ 8.3%€2.0mabove the sector's middle half▼ 37.6%€1.1mabove the sector's middle half▼ 43.8%€0.7mabove the sector's middle half▼ 36.1%€0.7mabove the sector's middle half▼ 4.6%
Debt€0.02m-€0.01m▼ 12.2%€0.02m▲ 18.6%€0.03m▲ 108%€0.001m▼ 98.0%€0.002m▲ 162%€0.01m▲ 504%
Working capital€3.6m-€3.4mabove the sector's middle half▼ 5.8%€3.1mabove the sector's middle half▼ 8.4%€1.9mabove the sector's middle half▼ 38.3%€1.1mabove the sector's middle half▼ 42.9%€0.7mabove the sector's middle half▼ 36.2%€0.7mabove the sector's middle half▼ 5.9%
Solvency99.6%-99.6%above the sector's middle half=99.5%above the sector's middle half▼ 0.1pp98.3%above the sector's middle half▼ 1.2pp99.9%above the sector's middle half▲ 1.6pp99.8%above the sector's middle half▼ 0.2pp98.5%above the sector's middle half▼ 1.3pp
Current ratio58.72above the sector's middle half68.43above the sector's middle half
Return on assets (ROA)0.3%--0.2%below the sector's middle half▼ 0.6pp-2.7%below the sector's middle half▼ 2.5pp2.5%within the sector's middle half▲ 5.2pp-7.6%below the sector's middle half▼ 10.1pp-56.6%below the sector's middle half▼ 49.0pp-6.1%below the sector's middle half▲ 50.5pp
Staff (FTE)1.3-1.3within the sector's middle half=1.3=0.7▼ 46.2%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €3,452, after a profit of €971 in 2024. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668,746
Fixed assets
€1,036 =
Current assets
€667,711 ▼ 4.6%
Equity and liabilities €668,746
Equity
€658,390 ▼ 5.9%
Debt
€10,357 ▲ 504%
Debt's share of the balance-sheet total rises from 0.2% to 1.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.02▲
2024 · 0.00
ROE
-6.2%▲
2024 · -56.8%
Debt ≤ 1 year
€9,757▲
2024 · €1,235
Income taxes
€10
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.7 | - |
| Joined | 0 | 0 |
| Left | 2 | 2 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €26,183 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,384 | €1,124 | €1,855 | €1,306 | ▼ 29.6% |
| Gross operating margin9900 | €11,876 | €62,762 | €72,958 | €19,921 | €1,192 | €2,826 | -€2,147 | - |
| Operating profit (loss)9901 | -€53,880 | -€4,011 | €3,106 | -€7,646 | €68 | €971 | -€3,452 | - |
| Financial income75/76B | - | - | - | €240,136 | €3,378 | €2,047 | €780 | ▼ 61.9% |
| Recurring financial income75 | €66,389 | €27,470 | €8,874 | €240,136 | €3,378 | €2,047 | €780 | ▼ 61.9% |
| Financial charges65/66B | - | - | - | €182,694 | €86,797 | €400,017 | €38,433 | ▼ 90.4% |
| Recurring financial charges65 | €598 | €7,553 | €96,345 | €52,696 | €29,158 | €113 | €14,517 | ▲ 128× |
| Non-recurring financial charges66B | - | - | - | €129,998 | €57,639 | €399,904 | €23,916 | ▼ 94.0% |
| Profit (loss) for the period before taxes9903 | €11,911 | -€8,077 | -€84,366 | €49,796 | -€83,351 | -€396,999 | -€41,105 | ▲ 89.6% |
| Income taxes67/77 | €268 | €15 | -€15 | - | - | - | €10 | - |
| Profit (loss) for the period9904 | €11,644 | -€8,091 | -€84,351 | €49,796 | -€83,351 | -€396,999 | -€41,115 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €11,644 | -€8,091 | -€84,351 | €49,796 | -€83,351 | -€396,999 | -€41,115 | ▲ 89.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.6m | €3.4m | €3.1m | €2.0m | €1.1m | €0.7m | €0.7m | ▼ 4.6% |
| Fixed assets21/28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €3.6m | €3.4m | €3.1m | €2.0m | €1.1m | €0.7m | €0.7m | ▼ 4.6% |
| Amounts receivable within one year40/41 | €0.005m | €0.01m | €0.001m | €0.002m | €0.02m | €0.02m | €0.02m | ▲ 49.8% |
| Trade receivables40 | - | - | - | - | €0.01m | €0.01m | €0.02m | ▲ 65.5% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | ▼ 43.9% |
| Current investments50/53 | €3.4m | €3.4m | €3.1m | €1.7m | €1.1m | €0.7m | €0.6m | ▼ 8.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.04m | €0.06m | €0.2m | €0.02m | €0.03m | €0.04m | ▲ 50.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.001m | €0.001m | ▼ 1.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.6m | €3.4m | €3.1m | €2.0m | €1.1m | €0.7m | €0.7m | ▼ 4.6% |
| Equity10/15 | €3.6m | €3.4m | €3.1m | €1.9m | €1.1m | €0.7m | €0.7m | ▼ 5.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €3.5m | €3.3m | €3.0m | €1.9m | €1.0m | €0.6m | €0.6m | ▼ 6.5% |
| Amounts payable17/49 | €0.02m | €0.01m | €0.02m | €0.03m | €0.001m | €0.002m | €0.01m | ▲ 504% |
| Amounts payable within one year42/48 | €0.02m | €0.01m | €0.02m | €0.03m | €0.001m | €0.001m | €0.01m | ▲ 690% |
| Trade debts44 | €0.004m | €0.002m | €0.004m | €0.001m | €0.001m | €0.001m | €0.008m | ▲ 579% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €0.008m | ▲ 579% |
| Other amounts payable47/48 | - | - | - | €0.03m | - | €30 | €0.002m | ▲ 52× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €480 | €0.001m | ▲ 24.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,644 | -€8,091 | -€84,351 | €49,796 | -€83,351 | -€396,999 | -€41,115 | ▲ 89.6% |
| Operating cash flow (approximation) | €11,644 | -€8,091 | -€84,351 | €49,796 | -€83,351 | -€396,999 | -€41,115 | ▲ 89.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €250 | €0 | €0 | - |
| Change in cash | - | -€206,235 | €19,454 | €190,035 | -€223,226 | €5,557 | €14,436 | ▲ 160% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as Intercontinental Commodities Trading has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Intercontinental Commodities Trading itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for Intercontinental Commodities Trading. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 22-01-2026 | 2026-00015152 | |
| 30-06-2024 | micro format | 21-01-2025 | 2025-00007678 | |
| 30-06-2023 | micro format | 24-01-2024 | 2024-00005699 | |
| 30-06-2022 | micro format | 28-12-2022 | 2022-20548117 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02500450 | |
| 30-06-2020 | micro format | 29-12-2020 | 2020-77200373 | |
| 30-06-2019 | micro format | 21-01-2020 | 2020-01700040 | |
| 30-06-2018 | micro format | 07-01-2019 | 2019-00300144 | |
| 30-06-2017 | micro format | 24-01-2018 | 2018-02000326 | |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-01900129 |