Skip to content

CASTLE ICE

Active
Private limited companyfounded 2019active for 6 yearsPaalstraat 10, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0738.956.589
Summary

CASTLE ICE has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €424,235. Equity has been growing by about 39% per year since 2020. Its solvency ranks better than 35% of 350 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 11-12-2019 Normal situation
Activity
Electricity, gas, steam and air conditioning supply NACE 35300and 2 others
Establishment unit
2.298.034.918 9700 Oudenaarde, since 11-12-2019
Financial year end
31 December
Peppol
Reachable since 30-09-2026

Board and ownership

Board
  • LATEMDirector · since 09-06-2023 · permanent representative Jolien Declercq

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Gross margin
€1.3m
▲ 28.4%
Turnover
≈ €2.2m
estimated
Profit
€424,235
▲ 25.9%
Equity
€2.3m
▲ 22.3%
Total assets
€13.0m
▲ 40.8%
Employees on 31-12-2025
6
▲ 20.0%
Score breakdownraises riskLiquidity: current ratio 1.49, cash €365,264Equity €2.3m (17.9% of total assets)lowers riskFigures for financial year 2025 (filed on 29-07-2026)Sector: Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 45% of micro companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Weak
Solvency 43-3
equity 17.9% of total assets
Liquidity 37-3
short-term debt 36.6% · cash 2.8%
Profitability 50-7
return on assets 3.3%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (543 companies, NACE 35, micro)
Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.4%▲ +0.4 percentage points vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.3%▼ -0.1 percentage points vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.4%▲ +0.1 percentage points vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.6%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.9%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: 0.9%● unchanged vs 08-2026lowest value 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.49 (1.34 in 2024), below the usual 1.5. Short-term debt is 36.6% and cash 2.8% of total assets. 82.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro). It does better than 34% of them on solvency, 24% on liquidity, 43% on profitability and 80% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.49, cash €365,264
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 29-07-2026)
NBB · annual accounts
raises risk · Equity €2.3m (17.9% of total assets)
NBB · annual accounts
lowers risk · Sector: Electricity, gas, steam and air conditioning supply (NACE 35)
KBO
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 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
2 days early
2024
on the day
2023
9 days late
2022
2 days early
2021
3 days early
2020
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average on the deadline day. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 87% of companies in electricity, gas and steamsector median €18,489 · 350 companies €424,235 View
  • Positive: Result rose in 2025from €337,004 to €424,235 ▲ 25.9% View

Recent changes

  1. · Gazette deed Resignation: Jolien Declercq (director)Appointment: Latem BV (director) · Permanent representative: Jolien Declercq
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as CASTLE ICE: electricity, gas, steam and air conditioning supply (NACE 35300). They are comparable in size and age: total assets between €4.2m and €64m, founded between 2014 and 2021.

CompanyTotal assetsGross margin
CASTLE ICE Oudenaarde€13.0m€1.3m
Icefactory Europe Beerse€7.6m€1.3m
KARNO Sint-Pieters-Woluwe€6.7m€0.7m
Icelander Oudenaarde€4.7m€0.7m
NOVEN NOORD Gent€18.0m€0.5m
WARMTE VERZILVERD Antwerpen€4.2m€0.2m
Ecluse Beveren-Kruibeke-Zwijndrecht€63.6m€2.6m
Full comparison

Key facts about CASTLE ICE

What is the company number of CASTLE ICE?
The company number of CASTLE ICE is 0738.956.589. The VAT number is the same number with BE in front: BE 0738.956.589.
Where is CASTLE ICE based?
The registered office is at Paalstraat 10, 9700 Oudenaarde.Company details
What does CASTLE ICE do?
According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35300).
What is the legal form of CASTLE ICE?
The legal form of CASTLE ICE is Private limited company (BV).
When was CASTLE ICE founded?
CASTLE ICE was founded on 11-12-2019.
Is CASTLE ICE still active?
Yes, CASTLE ICE is an active enterprise in the KBO register.
How many employees does CASTLE ICE have?
CASTLE ICE had an average of 5.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CASTLE ICE?
The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €1.3m and 1,584 comparable companies of the same size. It probably lies between €1.5m and €3.6m. It is a rough estimate.
Is CASTLE ICE profitable?
In financial year 2025, CASTLE ICE made a profit of €424,235.
Where can I find the annual accounts of CASTLE ICE?
CASTLE ICE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CASTLE ICE due?
CASTLE ICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.