Project ickX
ActiveSummary
Project ickX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€27,737) and a net result of €34,899. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 8% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+8
Solvency12▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.72 in 2023; short-term debt: 72.1% and cash: 2.8% of total assets), and equity is negative.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
-13%
Return on assets
16.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
30 d late
2022
on the day
2021
1 d late
2019
88 d late
2017
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€27,737▲ 55.7%
2023 · -€62,636
Total assets
€212,582▲ 11.7%
2023 · €190,386
Net result
€34,899▲ 45.3%
2023 · €24,015
Working capital
-€8,730▲ 80.1%
2023 · -€43,760
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
Line20192021202220232024
Operating result-€577-€1,901€40,494▲ 2,030%€49,720▲ 22.8%
Net result-€577-€1,901€24,015▲ 1,163%€34,899▲ 45.3%
Equity-€88,551--€88,551--€86,650▲ 2.1%-€62,636▲ 27.7%-€27,737▲ 55.7%
Total assets€1,283-€1,283-€1,283=€190,386▲ 14,735%€212,582▲ 11.7%
Debt€89,834-€89,834-€87,934▼ 2.1%€253,022▲ 188%€240,319▼ 5.0%
Working capital-€87,551--€87,551--€86,650▲ 1.0%-€43,760▲ 49.5%-€8,730▲ 80.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +14,735% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 23% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €212,582
Fixed assets
€68,107 ▼ 11.3%
Current assets
€144,475 ▲ 27.2%
Key figures and ratios
EBITDA
€70,297▲
2023 · €51,097
Cash flow
€55,475▲
2023 · €34,617
Solvency
-13.0%▲
2023 · -32.9%
Current ratio
0.94▲
2023 · 0.72
Quick ratio
0.68▼
2023 · 0.72
Debt to equity
-8.66▼
2023 · -4.04
ROA
16.4%▲
2023 · 12.6%
Interest coverage
26.05▲
2023 · 5.52
Debt ≤ 1 year
€153,204▼
2023 · €157,346
Debt > 1 year
€25,817▼
2023 · €34,950
Income taxes
€14,560▲
2023 · €7,222
Staff costs
€14,275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,901 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €14,275 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €10,603 | €20,577 | ▲ 94.1% |
| Other operating charges640/8 | - | - | - | €872 | €33,847 | ▲ 3,780% |
| Gross operating margin9900 | -€577 | - | €1,901 | €51,970 | €118,419 | ▲ 128% |
| Operating profit (loss)9901 | -€577 | - | €1,901 | €40,494 | €49,720 | ▲ 22.8% |
| Financial income75/76B | - | - | - | €1 | €2,437 | ▲ 194,841% |
| Recurring financial income75 | - | - | - | €1 | €2,437 | ▲ 194,841% |
| Financial charges65/66B | - | - | - | €9,259 | €2,698 | ▼ 70.9% |
| Recurring financial charges65 | - | - | - | €9,259 | €2,698 | ▼ 70.9% |
| Profit (loss) for the period before taxes9903 | -€577 | - | €1,901 | €31,236 | €49,458 | ▲ 58.3% |
| Income taxes67/77 | - | - | - | €7,222 | €14,560 | ▲ 102% |
| Profit (loss) for the period9904 | -€577 | - | €1,901 | €24,015 | €34,899 | ▲ 45.3% |
| Profit (loss) for the period to be appropriated9905 | -€577 | - | €1,901 | €24,015 | €34,899 | ▲ 45.3% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,283 | €1,283 | €1,283 | €190,386 | €212,582 | ▲ 11.7% |
| Fixed assets21/28 | - | - | - | €76,800 | €68,107 | ▼ 11.3% |
| Tangible fixed assets22/27 | - | - | - | €76,800 | €68,107 | ▼ 11.3% |
| Plant, machinery and equipment23 | - | - | - | €31,015 | €28,683 | ▼ 7.5% |
| Furniture and vehicles24 | - | - | - | €45,785 | €39,424 | ▼ 13.9% |
| Current assets29/58 | €1,283 | €1,283 | €1,283 | €113,586 | €144,475 | ▲ 27.2% |
| Stocks and contracts in progress3 | - | - | - | - | €40,000 | - |
| Stocks30/36 | - | - | - | - | €40,000 | - |
| Amounts receivable within one year40/41 | €1,283 | €1,283 | €1,283 | €109,999 | €95,636 | ▼ 13.1% |
| Trade receivables40 | - | - | - | €98,069 | €85,533 | ▼ 12.8% |
| Other amounts receivable41 | - | €1,283 | €1,283 | €11,930 | €10,102 | ▼ 15.3% |
| Cash at bank and in hand54/58 | €0 | - | - | €1,037 | €5,856 | ▲ 465% |
| Deferred charges and accrued income490/1 | - | - | - | €2,550 | €2,983 | ▲ 17.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,283 | €1,283 | €1,283 | €190,386 | €212,582 | ▲ 11.7% |
| Equity10/15 | -€88,551 | -€88,551 | -€86,650 | -€62,636 | -€27,737 | ▲ 55.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€108,551 | -€108,551 | -€106,650 | -€82,636 | -€47,737 | ▲ 42.2% |
| Amounts payable17/49 | €89,834 | €89,834 | €87,934 | €253,022 | €240,319 | ▼ 5.0% |
| Amounts payable after more than one year17 | - | - | - | €34,950 | €25,817 | ▼ 26.1% |
| Financial debts170/4 | - | - | - | €34,950 | €25,817 | ▼ 26.1% |
| Amounts payable within one year42/48 | €88,834 | €88,834 | €87,934 | €157,346 | €153,204 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,687 | €9,132 | ▲ 5.1% |
| Trade debts44 | €4,185 | €4,185 | - | €82,878 | €114,441 | ▲ 38.1% |
| Suppliers440/4 | - | €4,185 | - | €82,878 | €114,441 | ▲ 38.1% |
| Taxes, remuneration and social security45 | - | €901 | - | €7,432 | €19,659 | ▲ 165% |
| Taxes450/3 | - | €901 | - | €7,432 | €15,332 | ▲ 106% |
| Remuneration and social security454/9 | - | - | - | - | €4,327 | - |
| Other amounts payable47/48 | - | €83,749 | €87,934 | €58,349 | €9,973 | ▼ 82.9% |
| Accrued charges and deferred income492/3 | - | €1,000 | - | €60,727 | €61,297 | ▲ 0.9% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€577 | - | €1,901 | €24,015 | €34,899 | ▲ 45.3% |
| + Depreciation and write-downs630 | - | - | - | €10,603 | €20,577 | ▲ 94.1% |
| Operating cash flow (approximation) | -€577 | - | €1,901 | €34,617 | €55,475 | ▲ 60.3% |
| Investment in fixed assets (approximation) | - | - | - | - | -€11,883 | - |
| Change in cash | - | - | - | - | €4,818 | - |
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
31-12
Financial
Highest result since 2019net €34,899 ▲45.3%
Operating result €49,720, net result €34,899, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 69 days late
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 19 days late
2013
26-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Aalst · 1 establishment unit since 2002
Ground area
4,595 m²
Building footprint
356 m²
Volume, LiDAR
2,031 m³
Parcel 41039B0656/00A000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Project ickX
since 20022.094.672.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41039B0656/00A000 | Flanders | 4,595 m² | 1 · 356 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,300 companies in sector 43350 we hold annual accounts for 2,361. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43221Plumbing work
43230Insulation installation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474584178
Also
9925:BE0474584178
Registered
13-06-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.