PAUL ICE
ActivePAUL ICE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-2k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency80▲+24
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.94 in 2024), and 32% 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
68%
Return on assets
-4.7%
Age of the figures
8 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
45 d early
2023
13 d late
2022
32 d early
2021
27 d early
2020
20 d late
2019
83 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€25k▼ 6.5%
2024 · €27k
2018: €3k
2019: €7k
2020: €16k
2021: €17k
2022: €19k
2023: €15k
2024: €27k
2018 → 2025
Total assets
€36k▼ 48.9%
2024 · €71k
2018: €64k
2019: €58k
2020: €93k
2021: €81k
2022: €79k
2023: €80k
2024: €71k
2018 → 2025
Net result
€-2k
2024 · €11k
2018: €-738
2019: €5k
2020: €8k
2021: €1k
2022: €2k
2023: €-4k
2024: €11k
2018 → 2025
Working capital
€721
2024 · €-2k
2018: €-17k
2019: €-12k
2020: €-379
2021: €-11k
2022: €-10k
2023: €-18k
2024: €-2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€19k▲ 13.0%€15k▼ 19.8%€27k▲ 74.5%€25k▼ 6.5%
Operating result€2k-€3k▲ 39.2%€-2k€13k€-845
Net result€1k-€2k▲ 110%€-4k€11k€-2k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €845 after €13k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€30k▼ 22.9%
Current assets
€7k▼ 79.4%
Equity and liabilities €36k
Equity
€25k▼ 6.5%
Debt
€12k▼ 74.0%
The debt ratio falls from 62.9% to 32.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€7k▼
2024 · €27k
Cash flow
€6k▼
2024 · €25k
Solvency
68.0%▲
2024 · 37.1%
Current ratio
1.12▲
2024 · 0.94
Quick ratio
0.76▼
2024 · 0.83
Debt / equity
0.47▼
2024 · 1.69
ROE
-6.9%▼
2024 · 42.7%
ROA
-4.7%▼
2024 · 15.9%
Interest coverage
8.19▼
2024 · 18.64
Debt
€12k▼
2024 · €45k
Debt ≤ 1 year
€6k▼
2024 · €35k
Debt > 1 year
€6k▼
2024 · €10k
Income taxes
€48▼
2024 · €140
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€36k▼
Fixed assets21/28€39k€30k▼
Intangible fixed assets21€1k€815▼
Tangible fixed assets22/27€37k€29k▼
Land and buildings22€11k€11k▼
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€20k€9k▼
Current assets29/58€33k€7k▼
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€2k€653▼
Trade receivables40€2k-
Other amounts receivable41-€653
Cash at bank and in hand54/58€26k€3k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€71k€36k▼
Equity10/15€27k€25k▼
Contributions10/11€19k€19k=
Reserves13€11k€11k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€5k€5k=
Distributable reserves133€4k€6k▲
Profit (loss) carried forward14€-3k€-4k▼
Amounts payable17/49€45k€12k▼
Amounts payable after more than one year17€10k€6k▼
Financial debts170/4€10k€6k▼
Amounts payable within one year42/48€35k€6k▼
Current portion of amounts payable after more than one year42€10k€4k▼
Trade debts44€856€442▼
Suppliers440/4€856€442▼
Taxes, remuneration and social security45€2k€48▼
Taxes450/3€2k€48▼
Other amounts payable47/48€22k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€12k€21k▲
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€8k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€32k€10k▼
Operating profit (loss)9901€13k€-845▼
Financial charges65/66B€1k€829▼
Recurring financial charges65€1k€829▼
Profit (loss) for the period before taxes9903€11k€-2k▼
Income taxes67/77€140€48▼
Profit (loss) for the period9904€11k€-2k▼
Profit (loss) for the period to be appropriated9905€11k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-4k▼
Profit (loss) brought forward from the previous period14P€-14k€-3k▲
Social balance
Average headcount (FTE)90870.1-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2023
31-12
Financial
Weakest financial yearnet €-4k ▼273%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Geraardsbergen · 1 establishment unit since 1995
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.
Pachtersstraat 659500 GeraardsbergenGround area
156 m²
Building footprint
143 m²
Parcel 41018B0883/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
PAUL-ICE
since 19952.071.579.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41018B0883/00M000 | Flanders | 156 m² | 1 · 143 m² | - |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.071.579.213
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JLO Concept
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PANNA & GELATO
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Fleurus · Eq €26k
Of 606 companies in sector 10520 we hold annual accounts for 234. 179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-1995
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47111Retail trade
47252Retail sale of beverages, general range
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
52111
52250Logistics services
52630
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.