ICARUS
ActiveSummary
ICARUS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.83M and a net result of €36k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 19% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-25
Solvency44▲+6
Growth72▲+5
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.7 in 2024; short-term debt: 69.6% and cash: 1.7% of total assets), and 81.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
18.6%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 312 sector peers (2025).
NBB · sector comparisonPosition among 312 sector peers
Solvency
better than 19%
← weakest
strongest →
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
15 d early
2023
on the day
2022
6 d early
2021
11 d early
2020
128 d early
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€29.17M▲ 33.8%
2024 · €21.79M
2018: €17.09M
2019: €14.81M▼ -13.3% vs 2018lowest in 8 years
2020: €29.40M▲ +98.5% vs 2019
2021: €23.29M▼ -20.8% vs 2020
2022: €46.27M▲ +98.6% vs 2021highest in 8 years
2023: €33.17M▼ -28.3% vs 2022
2024: €21.79M▼ -34.3% vs 2023
2025: €29.17M▲ +33.8% vs 2024
2018 → 2025
EBIT margin
2.9%▼ 10.5pp
2024 · 13.4%
2018: -9.4%lowest in 8 years
2019: -6.6%▲ +29.9% vs 2018
2020: 7.2%▲ +209% vs 2019
2021: 5.8%▼ -19.9% vs 2020
2022: 9.6%▲ +66.3% vs 2021
2023: -7.4%▼ -177% vs 2022
2024: 13.4%▲ +280% vs 2023highest in 8 years
2025: 2.9%▼ -78.3% vs 2024
2018 → 2025
Net result
€36k▼ 97.6%
2024 · €1.48M
2018: €-1.13M
2019: €-5.31M▼ -370% vs 2018lowest in 8 years
2020: €1.32M▲ +125% vs 2019
2021: €799k▼ -39.3% vs 2020
2022: €3.32M▲ +315% vs 2021highest in 8 years
2023: €-1.71M▼ -152% vs 2022
2024: €1.48M▲ +187% vs 2023
2025: €36k▼ -97.6% vs 2024
2018 → 2025
Working capital
€-12.92M▼ 23.6%
2024 · €-10.45M
2018: €-5.55Mhighest in 8 years
2019: €-8.27M▼ -49.0% vs 2018
2020: €-9.14M▼ -10.6% vs 2019
2021: €-8.94M▲ +2.2% vs 2020
2022: €-6.50M▲ +27.3% vs 2021
2023: €-11.42M▼ -75.7% vs 2022
2024: €-10.45M▲ +8.5% vs 2023
2025: €-12.92M▼ -23.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.29M-€46.27M▲ 98.6%€33.17M▼ 28.3%€21.79M▼ 34.3%€29.17M▲ 33.8%
2021: €23.29M
2022: €46.27M▲ +98.6% vs 2021highest in 5 years
2023: €33.17M▼ -28.3% vs 2022
2024: €21.79M▼ -34.3% vs 2023lowest in 5 years
2025: €29.17M▲ +33.8% vs 2024
Equity€6.27M-€7.25M▲ 15.6%€5.50M▼ 24.1%€5.79M▲ 5.2%€5.83M▲ 0.6%
2021: €6.27M
2022: €7.25M▲ +15.6% vs 2021highest in 5 years
2023: €5.50M▼ -24.1% vs 2022lowest in 5 years
2024: €5.79M▲ +5.2% vs 2023
2025: €5.83M▲ +0.6% vs 2024
Operating result€1.34M-€4.44M▲ 230%€-2.47M€2.92M€847k▼ 71.0%
2021: €1.34M
2022: €4.44M▲ +230% vs 2021highest in 5 years
2023: €-2.47M▼ -156% vs 2022lowest in 5 years
2024: €2.92M▲ +218% vs 2023
2025: €847k▼ -71.0% vs 2024
Net result€799k-€3.32M▲ 315%€-1.71M€1.48M€36k▼ 97.6%
2021: €799k
2022: €3.32M▲ +315% vs 2021highest in 5 years
2023: €-1.71M▼ -152% vs 2022lowest in 5 years
2024: €1.48M▲ +187% vs 2023
2025: €36k▼ -97.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.25M
Fixed assets
€22.41M ▲ 7.7%
Current assets
€8.84M ▼ 63.0%
Equity and liabilities €31.25M
Equity
€5.83M ▲ 0.6%
Provisions
€1.39M =
Debt
€24.03M ▼ 35.9%
Debt's share of the balance-sheet total falls from 83.9% to 76.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€967k▼
2024 · €3.04M
Cash flow
€156k▼
2024 · €1.61M
Current ratio
0.41▼
2024 · 0.70
Quick ratio
0.22▼
2024 · 0.34
Debt to equity
4.12▼
2024 · 6.47
ROE
0.6%▼
2024 · 25.6%
ROA
0.1%▼
2024 · 3.3%
Interest coverage
0.90▼
2024 · 2.50
Debt ≤ 1 year
€21.76M▼
2024 · €34.32M
Debt > 1 year
€2.22M▼
2024 · €3.07M
Income taxes
€10k▲
2024 · €4k
Staff costs
€2.62M▲
2024 · €2.60M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet
Code20242025
Assets
Total assets20/58€44.68M€31.25M▼
Fixed assets21/28€20.81M€22.41M▲
Intangible fixed assets21€7k€129▼
Tangible fixed assets22/27€544k€502k▼
Land and buildings22€0-
Plant, machinery and equipment23€126k€119k▼
Furniture and vehicles24€47k€36k▼
Other tangible fixed assets26€150k€124k▼
Assets under construction and advance payments27€221k€223k▲
Financial fixed assets28€20.26M€21.91M▲
Affiliated companies280/1€20.26M€21.91M▲
Participating interests280€3.54M€3.54M=
Amounts receivable281€16.72M€18.37M▲
Current assets29/58€23.87M€8.84M▼
Stocks and contracts in progress3€12.16M€4.03M▼
Stocks30/36€1.93M€2.44M▲
Raw materials and consumables30/31€1.24M€1.50M▲
Finished goods33€689k€934k▲
Contracts in progress37€10.24M€1.59M▼
Amounts receivable within one year40/41€11.19M€4.14M▼
Trade receivables40€7.21M€4.01M▼
Other amounts receivable41€3.98M€130k▼
Cash at bank and in hand54/58€320k€545k▲
Deferred charges and accrued income490/1€201k€120k▼
Equity and liabilities
Total equity and liabilities10/49€44.68M€31.25M▼
Equity10/15€5.79M€5.83M▲
Contributions10/11€7.64M€7.64M=
Capital10€7.64M€7.64M=
Issued capital100€7.64M€7.64M=
Reserves13€5.45M€5.45M=
Non-distributable reserves130/1€514k€514k=
Legal reserve130€514k€514k=
Tax-exempt reserves132€4.18M€4.18M=
Distributable reserves133€754k€754k=
Profit (loss) carried forward14€-7.38M€-7.35M▲
Investment grants15€86k€86k=
Provisions and deferred taxes16€1.39M€1.39M=
Deferred taxes168€1.39M€1.39M=
Amounts payable17/49€37.50M€24.03M▼
Amounts payable after more than one year17€3.07M€2.22M▼
Financial debts170/4€3.07M€2.22M▼
Credit institutions173€1.56M€1.10M▼
Other loans174€1.50M€1.12M▼
Amounts payable within one year42/48€34.32M€21.76M▼
Current portion of amounts payable after more than one year42€2.20M€1.11M▼
Financial debts43€7.24M€5.62M▼
Credit institutions430/8€7.24M€5.62M▼
Trade debts44€19.93M€13.41M▼
Suppliers440/4€19.93M€13.41M▼
Advances received on contracts in progress46€4.28M€1.18M▼
Taxes, remuneration and social security45€529k€432k▼
Taxes450/3€75k€74k▼
Remuneration and social security454/9€453k€359k▼
Other amounts payable47/48€154k-
Accrued charges and deferred income492/3€108k€45k▼
Income statement
Code20242025
Operating income70/76A€29.42M€20.93M▼
Turnover70€21.79M€29.17M▲
Change in stocks of work in progress, finished goods and contracts in progress71€4.70M€-8.40M▼
Other operating income74€111k€156k▲
Non-recurring operating income76A€2.82M-
Operating charges60/66A€26.50M€20.08M▼
Goods for resale, raw materials and consumables60€20.41M€14.12M▼
Purchases600/8€20.45M€14.33M▼
Change in stocks: decrease (increase)609€-42k€-208k▼
Services and other goods61€2.94M€3.06M▲
Remuneration, social security and pensions62€2.60M€2.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€120k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€43k€-60k▼
Other operating charges640/8€73k€79k▲
Non-recurring operating charges66A€304k€147k▼
Operating profit (loss)9901€2.92M€847k▼
Financial income75/76B€661k€439k▼
Recurring financial income75€661k€439k▼
Income from financial fixed assets750€609k€394k▼
Other financial income752/9€52k€45k▼
Financial charges65/66B€1.39M€1.24M▼
Recurring financial charges65€1.39M€1.18M▼
Debt charges650€1.22M€1.08M▼
Other financial charges652/9€172k€104k▼
Non-recurring financial charges66B-€59k
Profit (loss) for the period before taxes9903€2.19M€46k▼
Transfer to deferred taxes680€704k-
Income taxes67/77€4k€10k▲
Taxes670/3€4k€10k▲
Profit (loss) for the period9904€1.48M€36k▼
Transfer to tax-exempt reserves689€2.11M-
Profit (loss) for the period to be appropriated9905€-628k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7.38M€-7.35M▲
Profit (loss) brought forward from the previous period14P€-6.76M€-7.38M▼
Social balance
Average headcount (FTE)908735.436.6▲
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €27.21M | €51.84M | €29.29M | €29.42M | €20.93M | ▼ 28.9% |
| Turnover70 | €23.29M | €46.27M | €33.17M | €21.79M | €29.17M | ▲ 33.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €3.32M | €2.67M | €-3.97M | €4.70M | €-8.40M | ▼ 279% |
| Own construction capitalised72 | €0 | - | - | - | - | - |
| Other operating income74 | €600k | €134k | €87k | €111k | €156k | ▲ 40.9% |
| Non-recurring operating income76A | - | €2.76M | - | €2.82M | - | - |
| Operating charges60/66A | €25.87M | €47.40M | €31.75M | €26.50M | €20.08M | ▼ 24.2% |
| Goods for resale, raw materials and consumables60 | €20.98M | €40.90M | €25.13M | €20.41M | €14.12M | ▼ 30.8% |
| Purchases600/8 | €20.89M | €41.01M | €25.24M | €20.45M | €14.33M | ▼ 29.9% |
| Change in stocks: decrease (increase)609 | €90k | €-114k | €-105k | €-42k | €-208k | ▼ 396% |
| Services and other goods61 | €2.25M | €2.89M | €3.03M | €2.94M | €3.06M | ▲ 4.0% |
| Remuneration, social security and pensions62 | €2.06M | €2.31M | €2.36M | €2.60M | €2.62M | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €459k | €247k | €202k | €126k | €120k | ▼ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €11k | €79k | €1k | €43k | €-60k | ▼ 240% |
| Other operating charges640/8 | €110k | €156k | €69k | €73k | €79k | ▲ 8.0% |
| Non-recurring operating charges66A | - | €825k | €960k | €304k | €147k | ▼ 51.7% |
| Operating profit (loss)9901 | €1.34M | €4.44M | €-2.47M | €2.92M | €847k | ▼ 71.0% |
| Financial income75/76B | €183k | €333k | €1.61M | €661k | €439k | ▼ 33.7% |
| Recurring financial income75 | €183k | €333k | €601k | €661k | €439k | ▼ 33.7% |
| Income from financial fixed assets750 | €141k | €286k | €507k | €609k | €394k | ▼ 35.3% |
| Other financial income752/9 | €42k | €47k | €95k | €52k | €45k | ▼ 14.2% |
| Non-recurring financial income76B | - | - | €1.01M | - | - | - |
| Financial charges65/66B | €675k | €717k | €853k | €1.39M | €1.24M | ▼ 10.7% |
| Recurring financial charges65 | €675k | €717k | €853k | €1.39M | €1.18M | ▼ 14.9% |
| Debt charges650 | €632k | €678k | €852k | €1.22M | €1.08M | ▼ 11.5% |
| Other financial charges652/9 | €43k | €38k | €977 | €172k | €104k | ▼ 39.3% |
| Non-recurring financial charges66B | - | - | - | - | €59k | - |
| Profit (loss) for the period before taxes9903 | €852k | €4.06M | €-1.71M | €2.19M | €46k | ▼ 97.9% |
| Transfer to deferred taxes680 | - | €691k | - | €704k | - | - |
| Income taxes67/77 | €53k | €50k | €527 | €4k | €10k | ▲ 139% |
| Taxes670/3 | €53k | €50k | €527 | €4k | €10k | ▲ 139% |
| Profit (loss) for the period9904 | €799k | €3.32M | €-1.71M | €1.48M | €36k | ▼ 97.6% |
| Transfer to tax-exempt reserves689 | - | €2.07M | - | €2.11M | - | - |
| Profit (loss) for the period to be appropriated9905 | €799k | €1.24M | €-1.71M | €-628k | €36k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34.54M | €45.29M | €37.94M | €44.68M | €31.25M | ▼ 30.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €20.51M | €20.09M | €22.58M | €20.81M | €22.41M | ▲ 7.7% |
| Intangible fixed assets21 | €190k | €67k | €28k | €7k | €129 | ▼ 98.1% |
| Tangible fixed assets22/27 | €5.21M | €2.58M | €2.65M | €544k | €502k | ▼ 7.8% |
| Land and buildings22 | €5.15M | €2.29M | €2.22M | €0 | - | - |
| Plant, machinery and equipment23 | €34k | €164k | €166k | €126k | €119k | ▼ 5.0% |
| Furniture and vehicles24 | €10k | €14k | €4k | €47k | €36k | ▼ 24.7% |
| Leasing and similar rights25 | €21k | - | - | - | - | - |
| Other tangible fixed assets26 | - | €116k | €199k | €150k | €124k | ▼ 17.2% |
| Assets under construction and advance payments27 | - | - | €62k | €221k | €223k | ▲ 0.8% |
| Financial fixed assets28 | €15.11M | €17.44M | €19.90M | €20.26M | €21.91M | ▲ 8.1% |
| Affiliated companies280/1 | €15.11M | €17.44M | €19.90M | €20.26M | €21.91M | ▲ 8.1% |
| Participating interests280 | €3.54M | €3.54M | €3.54M | €3.54M | €3.54M | = |
| Amounts receivable281 | €11.56M | €13.89M | €16.36M | €16.72M | €18.37M | ▲ 9.9% |
| Current assets29/58 | €14.03M | €25.20M | €15.36M | €23.87M | €8.84M | ▼ 63.0% |
| Stocks and contracts in progress3 | €8.62M | €11.79M | €7.47M | €12.16M | €4.03M | ▼ 66.9% |
| Stocks30/36 | €1.30M | €1.79M | €1.44M | €1.93M | €2.44M | ▲ 26.6% |
| Raw materials and consumables30/31 | €1.10M | €1.13M | €1.24M | €1.24M | €1.50M | ▲ 21.7% |
| Finished goods33 | €199k | €199k | €199k | €689k | €934k | ▲ 35.5% |
| Advance payments36 | - | €460k | - | - | - | - |
| Contracts in progress37 | €7.32M | €10.00M | €6.03M | €10.24M | €1.59M | ▼ 84.4% |
| Amounts receivable within one year40/41 | €5.07M | €12.77M | €7.38M | €11.19M | €4.14M | ▼ 63.0% |
| Trade receivables40 | €4.90M | €12.54M | €7.17M | €7.21M | €4.01M | ▼ 44.3% |
| Other amounts receivable41 | €170k | €240k | €211k | €3.98M | €130k | ▼ 96.7% |
| Cash at bank and in hand54/58 | €108k | €440k | €328k | €320k | €545k | ▲ 70.5% |
| Deferred charges and accrued income490/1 | €226k | €194k | €192k | €201k | €120k | ▼ 40.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34.54M | €45.29M | €37.94M | €44.68M | €31.25M | ▼ 30.1% |
| Equity10/15 | €6.27M | €7.25M | €5.50M | €5.79M | €5.83M | ▲ 0.6% |
| Contributions10/11 | €7.64M | €7.64M | €7.64M | €7.64M | €7.64M | = |
| Capital10 | €7.64M | €7.64M | €7.64M | €7.64M | €7.64M | = |
| Issued capital100 | €7.64M | €7.64M | €7.64M | €7.64M | €7.64M | = |
| Revaluation surpluses12 | €3.85M | €1.18M | €1.18M | - | - | - |
| Reserves13 | €899k | €3.34M | €3.34M | €5.45M | €5.45M | = |
| Non-distributable reserves130/1 | €514k | €514k | €514k | €514k | €514k | = |
| Legal reserve130 | €514k | €514k | €514k | €514k | €514k | = |
| Tax-exempt reserves132 | - | €2.07M | €2.07M | €4.18M | €4.18M | = |
| Distributable reserves133 | €385k | €754k | €754k | €754k | €754k | = |
| Profit (loss) carried forward14 | €-6.28M | €-5.04M | €-6.76M | €-7.38M | €-7.35M | ▲ 0.5% |
| Investment grants15 | €168k | €138k | €103k | €86k | €86k | = |
| Provisions and deferred taxes16 | - | €691k | €691k | €1.39M | €1.39M | = |
| Deferred taxes168 | - | €691k | €691k | €1.39M | €1.39M | = |
| Amounts payable17/49 | €28.26M | €37.34M | €31.75M | €37.50M | €24.03M | ▼ 35.9% |
| Amounts payable after more than one year17 | €5.25M | €5.60M | €4.90M | €3.07M | €2.22M | ▼ 27.4% |
| Financial debts170/4 | €5.25M | €5.60M | €4.90M | €3.07M | €2.22M | ▼ 27.4% |
| Leasing and similar obligations172 | €624 | - | - | - | - | - |
| Credit institutions173 | €2.85M | €3.43M | €2.69M | €1.56M | €1.10M | ▼ 29.6% |
| Other loans174 | €2.41M | €2.18M | €2.21M | €1.50M | €1.12M | ▼ 25.3% |
| Amounts payable within one year42/48 | €22.97M | €31.70M | €26.78M | €34.32M | €21.76M | ▼ 36.6% |
| Current portion of amounts payable after more than one year42 | €1.08M | €1.17M | €1.07M | €2.20M | €1.11M | ▼ 49.4% |
| Financial debts43 | €9.14M | €5.20M | €8.39M | €7.24M | €5.62M | ▼ 22.3% |
| Credit institutions430/8 | €9.14M | €5.20M | €8.39M | €7.24M | €5.62M | ▼ 22.3% |
| Trade debts44 | €12.03M | €22.56M | €15.10M | €19.93M | €13.41M | ▼ 32.7% |
| Suppliers440/4 | €12.03M | €22.56M | €15.10M | €19.93M | €13.41M | ▼ 32.7% |
| Advances received on contracts in progress46 | €159k | €2.14M | €1.65M | €4.28M | €1.18M | ▼ 72.5% |
| Taxes, remuneration and social security45 | €508k | €624k | €533k | €529k | €432k | ▼ 18.2% |
| Taxes450/3 | €115k | €124k | €75k | €75k | €74k | ▼ 2.2% |
| Remuneration and social security454/9 | €393k | €500k | €458k | €453k | €359k | ▼ 20.9% |
| Other amounts payable47/48 | €52k | - | €31k | €154k | - | - |
| Accrued charges and deferred income492/3 | €41k | €42k | €65k | €108k | €45k | ▼ 58.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €799k | €3.32M | €-1.71M | €1.48M | €36k | ▼ 97.6% |
| + Depreciation and write-downs630 | €459k | €247k | €202k | €126k | €120k | ▼ 4.7% |
| Operating cash flow (approximation) | €1.26M | €3.56M | €-1.51M | €1.61M | €156k | ▼ 90.3% |
| Investment in fixed assets (approximation) | - | €174k | €-2.69M | €1.64M | €-1.72M | ▼ 205% |
| Change in cash | - | €332k | €-113k | €-8k | €225k | ▲ 2,900% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Reappointments: BDO Réviseurs d'Entreprises, WALLONIE ENTREPRENDRE and 4 othersPermanent representatives: Christophe COLSON and Renaud SCHETTER · Auditor fee16 facts ▸
State Gazette act
Reappointments: BDO Réviseurs d'Entreprises, WALLONIE ENTREPRENDRE and 4 others
Permanent representatives: Christophe COLSON and Renaud SCHETTER · Auditor fee16 facts ▸
- General meeting, 28-11-2025
- Auditor reappointment, BDO Réviseurs d'Entreprises (commissaire des comptes consolidés)
- Permanent representative, Christophe COLSON
- General meeting, 19-05-2026
- Director reappointment, WALLONIE ENTREPRENDRE (director)
- Permanent representative, Renaud SCHETTER
- Director reappointment, Léopold Thise (director)
- Director reappointment, Yves Bessemans (director)
- Director reappointment, SPARAXIS (director)
- Director reappointment, HY9 SRL (director)
- Board composition, Léopold Thise (director)
- Board composition, Yves Bessemans (director)
- +4 further facts in this act
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.48M
Net result €1.48M after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €3.32M ▲315%
Operating result €4.44M, net result €3.32M, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €1.32M
Net result €1.32M after 2 loss-making years.
31-12
Financial
Equity above €5MEq €5.51M ▲30.6%
Equity rises from €4.22M to €5.51M.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-5.31M
Net result drops to €-5.31M, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 27 acts read
About the unread acts
Of the 27 Belgian State Gazette acts we know for this company, 1 has been read. The other 26 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26109013). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Wallonie Entreprendre
CurrentDirector · since 19-05-2026 · Public limited company · perm. rep.: Renaud SCHETTER
HY9 SRL
CurrentDirector · Legal entity
Léopold Thise
CurrentDirector
SPARAXIS
CurrentDirector · Legal entity
Yves Bessemans
CurrentDirector
19-05-2026
Wallonie Entreprendre: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
26 of this company's 27 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 1985
Ground area
1.2 ha
Building footprint
717 m²
Volume, LiDAR
4,415 m³
Parcel 62071A0209/06_000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ICARUS
since 19852.027.166.574
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0209/06_000 | Wallonia | 1.2 ha | 1 · 717 m² | 7.0 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.
Statutory auditor
1 auditor| BDO Réviseurs d'EntreprisesCurrent Commissaire des comptes consolidés · represented by Christophe COLSON | 28-11-2025 → present |
Structure & network
Connections & network
15 connected companiesThis company
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Director
Shareholding
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Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Herstal · LEI lapsed
controls
ICARUSBE 0427.223.434
Recognitions · licences · registrations
Legal Entity Identifier
549300736HRZIFDO2S55
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Of 21 companies in sector 28140 we hold annual accounts for 15. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-05-1985
Fiscal year end31-12
Activities, NACEBEL 2025
28140Manufacture of machinery and equipment not elsewhere classified
46820Wholesale trade
46649Wholesale of other machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.