VDP ICECUBES
ActiveVDP ICECUBES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303k and a net result of €17k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency59▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.29 in 2024; short-term debt: 33.3% and cash: 16.4% of total assets), and 65.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.2%
Return on assets
1.9%
Age of the figures
9 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 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
29 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k▼ 45.7%
2024 · €31k
2023: €56k
2024: €31k
2023 → 2025
Working capital
€78k▲ 9.4%
2024 · €71k
2023: €59k
2024: €71k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€256k-€286k▲ 12.0%€303k▲ 5.8%
Operating result€79k-€37k▼ 53.5%€32k▼ 13.4%
Net result€56k-€31k▼ 45.0%€17k▼ 45.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €886k
Fixed assets
€512k▼ 6.6%
Current assets
€373k▲ 17.6%
Equity and liabilities €886k
Equity
€303k▲ 5.8%
Debt
€583k▲ 0.5%
The debt ratio falls from 67.0% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136k▲
2024 · €124k
Cash flow
€121k▲
2024 · €118k
Solvency
34.2%▲
2024 · 33.0%
Current ratio
1.26▼
2024 · 1.29
Quick ratio
1.14▼
2024 · 1.14
Debt / equity
1.93▼
2024 · 2.03
ROE
5.5%▼
2024 · 10.7%
ROA
1.9%▼
2024 · 3.5%
Interest coverage
7.96▲
2024 · 7.43
Debt
€583k▲
2024 · €580k
Debt ≤ 1 year
€295k▲
2024 · €246k
Debt > 1 year
€283k▼
2024 · €329k
Income taxes
€8k▼
2024 · €11k
Staff costs
€205k▲
2024 · €167k
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€866k€886k▲
Fixed assets21/28€549k€512k▼
Intangible fixed assets21€252k€221k▼
Tangible fixed assets22/27€294k€289k▼
Plant, machinery and equipment23€105k€92k▼
Furniture and vehicles24€189k€197k▲
Financial fixed assets28€3k€3k=
Current assets29/58€317k€373k▲
Stocks and contracts in progress3€36k€38k▲
Stocks30/36€36k€38k▲
Amounts receivable within one year40/41€162k€190k▲
Trade receivables40€154k€184k▲
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€119k€145k▲
Equity and liabilities
Total equity and liabilities10/49€866k€886k▲
Equity10/15€286k€303k▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€82k€98k▲
Non-distributable reserves130/1€7k€8k▲
Legal reserve130€7k€8k▲
Distributable reserves133€75k€90k▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€580k€583k▲
Amounts payable after more than one year17€329k€283k▼
Financial debts170/4€329k€283k▼
Amounts payable within one year42/48€246k€295k▲
Current portion of amounts payable after more than one year42€80k€100k▲
Trade debts44€116k€160k▲
Suppliers440/4€116k€160k▲
Taxes, remuneration and social security45€50k€35k▼
Taxes450/3€31k€20k▼
Remuneration and social security454/9€19k€15k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Remuneration, social security and pensions62€167k€205k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€104k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k-
Other operating charges640/8€10k€7k▼
Gross operating margin9900€314k€348k▲
Operating profit (loss)9901€37k€32k▼
Financial income75/76B€22k€10k▼
Recurring financial income75€22k€10k▼
Financial charges65/66B€17k€17k▲
Recurring financial charges65€17k€17k▲
Profit (loss) for the period before taxes9903€42k€25k▼
Income taxes67/77€11k€8k▼
Profit (loss) for the period9904€31k€17k▼
Profit (loss) for the period to be appropriated9905€31k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€21k▼
Profit (loss) brought forward from the previous period14P€515€4k▲
Transfer to equity691/2€27k€16k▼
To the legal reserve6920€2k€1k▼
To other reserves6921€25k€15k▼
Social balance
Average headcount (FTE)90873.43.8▲
The notes to these accounts (15 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €17k ▼45.7%
Net result drops to €17k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated 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, Malle · 1 establishment unit since 2022
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.
Lierselei 1812390 MalleGround area
4,038 m²
Building footprint
2,115 m²
Volume, LiDAR
13,815 m³
Parcel 11032D0666/00W000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDP ICECUBES
since 20222.340.589.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0666/00W000 | Flanders | 4,038 m² | 1 · 2,115 m² | 7.7 m · 2 fl. |
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 · 189 EUR awarded · 189 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 189 EUR | 189 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalle2.340.589.610
Similar companies · same sector, comparable size
TIGLAT
BE 0675.879.964
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BELMAR
BE 0474.145.007
Antwerpen · Eq €303k
KSTROCHUS
BE 1006.190.896
Kortrijk · Eq €302k
CHIN CHONG
BE 0817.124.040
Sint-Pieters-Leeuw · Eq €302k
HERMANS DIEPENBEEK
BE 0429.821.351
Izegem · Eq €302k
Of 10,529 companies in sector 47110 we hold annual accounts for 5,858. 3,776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-2022
Fiscal year end31-12
Abbreviation NL
VDP ICE
Activities, NACEBEL
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47111Retail trade
10520Manufacture of food products
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.