INTERNATIONAL COMPUTER ENGINEERING
abbreviatedI.C.E.InactiveFrom the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 07-05-2026
- Format
- micro format
- Reference
- 2026-00104864
Turnover
≈ €170,000
Estimated: probably between €110,000 and €290,000
Total assets
€516,403▲ 3.2%
2024 · €500,346
Net result
€15,905▼ 77.4%
2024 · €70,359
Working capital
€494,851▲ 11.4%
2024 · €444,224
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€19,371
2025
Net result€15,905
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€516,403
2025
Equity€499,096
2025
Debt€17,307
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€494,851
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€97,715-€84,572▼ 13.5%€50,680▼ 40.1%€113,819▲ 125%€163,334▲ 43.5%€108,962▼ 33.3%€102,630▼ 5.8%€19,371▼ 81.1%
Net result€60,117-€54,267▼ 9.7%€32,250▼ 40.6%€80,139▲ 148%€107,367▲ 34.0%€79,110▼ 26.3%€70,359▼ 11.1%€15,905▼ 77.4%
Equity€167,948-€222,215▲ 32.3%€254,465▲ 14.5%€334,604▲ 31.5%€333,721▼ 0.3%€412,831▲ 23.7%€483,191▲ 17.0%€499,096▲ 3.3%
Total assets€206,001-€234,502▲ 13.8%€263,596▲ 12.4%€356,328▲ 35.2%€430,108▲ 20.7%€438,517▲ 2.0%€500,346▲ 14.1%€516,403▲ 3.2%
Debt€38,054-€12,287▼ 67.7%€9,131▼ 25.7%€21,724▲ 138%€96,386▲ 344%€25,686▼ 73.4%€17,155▼ 33.2%€17,307▲ 0.9%
Working capital€117,626-€159,928▲ 36.0%€137,617▼ 14.0%€240,964▲ 75.1%€248,344▲ 3.1%€352,322▲ 41.9%€444,224▲ 26.1%€494,851▲ 11.4%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516,403
Fixed assets
€4,245 ▼ 89.1%
Current assets
€512,159 ▲ 11.0%
Equity and liabilities €516,403
Equity
€499,096 ▲ 3.3%
Debt
€17,307 ▲ 0.9%
Debt's share of the balance-sheet total falls from 3.4% to 3.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,965▼
2024 · €126,804
Cash flow
€30,499▼
2024 · €94,533
Current ratio
29.59▲
2024 · 26.89
Quick ratio
29.28▲
2024 · 26.89
Debt to equity
0.03▼
2024 · 0.04
ROE
3.2%▼
2024 · 14.6%
ROA
3.1%▼
2024 · 14.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€17,307▲
2024 · €17,155
Income taxes
€8,177▼
2024 · €34,470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €2,479 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,351 | €18,982 | €20,534 | €23,208 | €22,985 | €23,768 | €24,174 | €14,593 | ▼ 39.6% |
| Other operating charges640/8 | - | - | - | €410 | €818 | €579 | €745 | €756 | ▲ 1.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,101 | €0 | €20,128 | - |
| Gross operating margin9900 | €114,031 | €104,485 | €72,022 | €137,436 | €187,137 | €134,409 | €127,549 | €54,849 | ▼ 57.0% |
| Operating profit (loss)9901 | €97,715 | €84,572 | €50,680 | €113,819 | €163,334 | €108,962 | €102,630 | €19,371 | ▼ 81.1% |
| Financial income75/76B | - | - | - | €8 | €704 | €440 | €2,349 | €4,983 | ▲ 112% |
| Recurring financial income75 | €297 | €677 | €13 | €8 | €704 | €440 | €2,349 | €4,983 | ▲ 112% |
| Financial charges65/66B | - | - | - | €303 | €8,085 | -€6,130 | €149 | €272 | ▲ 82.3% |
| Recurring financial charges65 | €1,142 | €248 | €167 | €303 | €8,085 | -€6,130 | €149 | €272 | ▲ 82.3% |
| Profit (loss) for the period before taxes9903 | €96,870 | €85,001 | €50,527 | €113,524 | €155,952 | €115,532 | €104,830 | €24,083 | ▼ 77.0% |
| Income taxes67/77 | €36,753 | €30,734 | €18,277 | €33,384 | €48,585 | €36,422 | €34,470 | €8,177 | ▼ 76.3% |
| Profit (loss) for the period9904 | €60,117 | €54,267 | €32,250 | €80,139 | €107,367 | €79,110 | €70,359 | €15,905 | ▼ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €60,117 | €54,267 | €32,250 | €80,139 | €107,367 | €79,110 | €70,359 | €15,905 | ▼ 77.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €206,001 | €234,502 | €263,596 | €356,328 | €430,108 | €438,517 | €500,346 | €516,403 | ▲ 3.2% |
| Fixed assets21/28 | €50,467 | €62,287 | €116,847 | €93,640 | €85,377 | €60,509 | €38,966 | €4,245 | ▼ 89.1% |
| Tangible fixed assets22/27 | €50,467 | €62,287 | €116,847 | €93,640 | €85,377 | €60,509 | €38,966 | €4,245 | ▼ 89.1% |
| Land and buildings22 | - | - | - | €34,316 | €29,959 | €23,831 | €17,703 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | - | €2,337 | €1,865 | €1,393 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €59,324 | €53,081 | €34,813 | €19,870 | €4,245 | ▼ 78.6% |
| Current assets29/58 | €155,534 | €172,215 | €146,748 | €262,688 | €344,731 | €378,009 | €461,380 | €512,159 | ▲ 11.0% |
| Stocks and contracts in progress3 | €7,138 | €450 | €1,106 | €0 | €3,333 | €4,260 | €0 | €5,316 | - |
| Stocks30/36 | - | - | - | €0 | €3,333 | €4,260 | €0 | €5,316 | - |
| Amounts receivable within one year40/41 | €6,649 | €34,815 | €10,052 | €46,264 | €63,376 | €55,442 | €38,016 | €40,224 | ▲ 5.8% |
| Trade receivables40 | - | - | - | €41,539 | €63,376 | €55,442 | €35,076 | €32,021 | ▼ 8.7% |
| Other amounts receivable41 | - | - | - | €4,725 | €0 | - | €2,940 | €8,203 | ▲ 179% |
| Current investments50/53 | €20,800 | €0 | - | - | €52,209 | €58,537 | €58,537 | €58,537 | = |
| Cash at bank and in hand54/58 | €119,022 | €133,508 | €132,425 | €212,832 | €221,805 | €255,563 | €360,701 | €403,456 | ▲ 11.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3,592 | €4,008 | €4,207 | €4,126 | €4,626 | ▲ 12.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €206,001 | €234,502 | €263,596 | €356,328 | €430,108 | €438,517 | €500,346 | €516,403 | ▲ 3.2% |
| Equity10/15 | €167,948 | €222,215 | €254,465 | €334,604 | €333,721 | €412,831 | €483,191 | €499,096 | ▲ 3.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €0 | - | - | - | - |
| Reserves13 | €148,400 | €202,667 | €234,917 | €264,917 | €296,355 | €375,465 | €445,824 | €461,729 | ▲ 3.6% |
| Non-distributable reserves130/1 | - | - | - | €8,612 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €8,612 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €256,305 | €296,355 | €375,465 | €445,824 | €461,729 | ▲ 3.6% |
| Profit (loss) carried forward14 | €948 | €948 | €948 | €51,087 | €37,367 | €37,367 | €37,367 | €37,367 | = |
| Amounts payable17/49 | €38,054 | €12,287 | €9,131 | €21,724 | €96,386 | €25,686 | €17,155 | €17,307 | ▲ 0.9% |
| Amounts payable within one year42/48 | €37,908 | €12,287 | €9,131 | €21,724 | €96,386 | €25,686 | €17,155 | €17,307 | ▲ 0.9% |
| Financial debts43 | - | - | - | €388 | €2,120 | €1,951 | €222 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €388 | €2,120 | €1,951 | €222 | €0 | ▼ 100% |
| Trade debts44 | €7,473 | €10,897 | €6,228 | €2,441 | €8,095 | €6,506 | €2,486 | €5,594 | ▲ 125% |
| Suppliers440/4 | - | - | - | €2,441 | €8,095 | €6,506 | €2,486 | €5,594 | ▲ 125% |
| Taxes, remuneration and social security45 | - | - | - | €13,382 | €43,485 | €12,077 | €14,447 | €10,368 | ▼ 28.2% |
| Taxes450/3 | - | - | - | €13,382 | €43,485 | €12,077 | €14,447 | €10,368 | ▼ 28.2% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,513 | €42,687 | €5,153 | €0 | €1,346 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,117 | €54,267 | €32,250 | €80,139 | €107,367 | €79,110 | €70,359 | €15,905 | ▼ 77.4% |
| + Depreciation and write-downs630 | €15,351 | €18,982 | €20,534 | €23,208 | €22,985 | €23,768 | €24,174 | €14,593 | ▼ 39.6% |
| Operating cash flow (approximation) | €75,468 | €73,249 | €52,784 | €103,347 | €130,352 | €102,878 | €94,533 | €30,499 | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | -€30,801 | -€75,095 | €0 | -€14,723 | €1,101 | -€2,632 | €20,129 | - |
| Change in cash | - | €14,486 | -€1,083 | €80,406 | €8,973 | €33,759 | €105,138 | €42,755 | ▼ 59.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-05-2026 | 2026-00104864 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00168577 | |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00086677 | |
| 31-12-2022 | micro format | 01-06-2023 | 2023-00101422 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20143209 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27300188 | |
| 31-12-2019 | micro format | 19-05-2020 | 2020-12500072 | |
| 31-12-2018 | micro format | 06-06-2019 | 2019-16400062 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14400118 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-19900153 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.