irco
Activeirco has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €1k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 13% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▲+4
Solvency34▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 4.78 against 3.33 in 2023; short-term debt: 20.5% and cash: 41.4% of total assets), but 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
8.6%
Return on assets
0.4%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
118 d late
2023
61 d late
2022
31 d late
2021
78 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€31k▲ 4.6%
2023 · €30k
2018: €16k
2019: €21k
2020: €21k
2021: €24k
2022: €-28k
2023: €30k
2018 → 2024
Total assets
€361k▲ 20.3%
2023 · €300k
2018: €510k
2019: €947k
2020: €1.22M
2021: €1.30M
2022: €1.37M
2023: €300k
2018 → 2024
Net result
€1k▲ 482%
2023 · €235
2018: €3k
2019: €5k
2020: €29
2021: €3k
2022: €-53k
2023: €235
2018 → 2024
Working capital
€280k▲ 37.3%
2023 · €204k
2018: €268k
2019: €892k
2020: €886k
2021: €1.24M
2022: €1.20M
2023: €204k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€24k▲ 15.0%€-28k€30k€31k▲ 4.6%
Operating result€11k-€3k▼ 70.3%€-3k€5k€6k▲ 15.8%
Net result€29-€3k▲ 10,866%€-53k€235€1k▲ 482%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 16% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €361k
Fixed assets
€7k▼ 18.5%
Current assets
€354k▲ 21.4%
Equity and liabilities €361k
Equity
€31k▲ 4.6%
Debt
€330k▲ 22.0%
The debt ratio rises from 90.1% to 91.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2023 · €7k
Cash flow
€3k▲
2023 · €2k
Solvency
8.6%▼
2023 · 9.9%
Current ratio
4.78▲
2023 · 3.33
Quick ratio
3.43▲
2023 · 2.19
Debt / equity
10.65▲
2023 · 9.14
ROE
4.4%▲
2023 · 0.8%
ROA
0.4%▲
2023 · 0.1%
Interest coverage
1.83▲
2023 · 1.42
Debt
€330k▲
2023 · €271k
Debt ≤ 1 year
€74k▼
2023 · €88k
Debt > 1 year
€256k▲
2023 · €183k
Income taxes
€607▲
2023 · €177
Staff costs
€56k▲
2023 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€300k€361k▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€9k€7k▼
Financial fixed assets28-€0
Current assets29/58€292k€354k▲
Stocks and contracts in progress3€100k€100k=
Contracts in progress37€100k€100k=
Amounts receivable within one year40/41€96k€39k▼
Trade receivables40€95k-
Other amounts receivable41€394€39k▲
Cash at bank and in hand54/58€96k€149k▲
Deferred charges and accrued income490/1€303€65k▲
Equity and liabilities
Total equity and liabilities10/49€300k€361k▲
Equity10/15€30k€31k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€9k€11k▲
Amounts payable17/49€271k€330k▲
Amounts payable after more than one year17€183k€256k▲
Financial debts170/4€183k€183k=
Trade debts175-€73k
Amounts payable within one year42/48€88k€74k▼
Trade debts44€30k€31k▲
Suppliers440/4€30k€31k▲
Taxes, remuneration and social security45€56k€36k▼
Taxes450/3€44k€30k▼
Remuneration and social security454/9€11k€7k▼
Other amounts payable47/48€2k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€55k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€302€590▲
Gross operating margin9900€63k€65k▲
Operating profit (loss)9901€5k€6k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€412€2k▲
Income taxes67/77€177€607▲
Profit (loss) for the period9904€235€1k▲
Profit (loss) for the period to be appropriated9905€235€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€11k▲
Profit (loss) brought forward from the previous period14P€9k€9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €235
Net result €235 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-53k ▼1753%
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Liquidity times 8current ratio 29.55
Current ratio from 3.81 to 29.55; short-term debt falls from €315k to €43k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €5k ▲91.9%
Operating result €19k, net result €5k, both a record.
31-12
Financial
Liquidity times 9current ratio 20.64
Current ratio from 2.17 to 20.64; short-term debt falls from €228k to €45k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herentals · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Atealaan(HRT) 342200 HerentalsGround area
17.8 ha
Building footprint
4.5 ha
Parcel 13302D0060/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
irco
since 20142.305.541.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0060/00S000 | Flanders | 17.8 ha | 1 · 4.5 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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YAGMUR ENE
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Interieur Folies
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MARCOENSE CONSTRUCT
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2014
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.