ICCOR
ActiveSummary
ICCOR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €27k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-1
Solvency83▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.93 against 1.69 in 2024; short-term debt: 11.9% and cash: 42% of total assets), and 42.2% of the assets are financed with debt.
Credit check for your own amount and term
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
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
57.8%
Return on assets
11.9%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
9 d early
2023
8 d early
2022
14 d early
2021
31 d late
2020
26 d late
2019
28 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, micro schema
Turnover
€0
2021 · €0
2021: €0
2023: €0
2021 → 2023
EBIT margin
Not included in this filing
Net result
€27k▼ 3.6%
2024 · €28k
2018: €2k
2019: €33k▲ +1581% vs 2018highest in 8 years
2020: €18k▼ -44.8% vs 2019
2021: €18k▼ -2.2% vs 2020
2022: €12k▼ -34.0% vs 2021
2023: €-32k▼ -364% vs 2022lowest in 8 years
2024: €28k▲ +188% vs 2023
2025: €27k▼ -3.6% vs 2024
2018 → 2025
Working capital
€159k▲ 172%
2024 · €58k
2018: €70k
2019: €-16k▼ -123% vs 2018lowest in 8 years
2020: €-10k▲ +36.4% vs 2019
2021: €11k▲ +211% vs 2020
2022: €5k▼ -52.5% vs 2021
2023: €-14k▼ -354% vs 2022
2024: €58k▲ +521% vs 2023
2025: €159k▲ +172% vs 2024highest 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€0-€0
2021: €0
2023: €0
Equity€95k-€107k▲ 12.5%€75k▼ 29.5%€103k▲ 36.7%€130k▲ 25.9%
2021: €95k
2022: €107k▲ +12.5% vs 2021
2023: €75k▼ -29.5% vs 2022lowest in 5 years
2024: €103k▲ +36.7% vs 2023
2025: €130k▲ +25.9% vs 2024highest in 5 years
Operating result€36k-€29k▼ 21.4%€-28k€42k€45k▲ 6.6%
2021: €36k
2022: €29k▼ -21.4% vs 2021
2023: €-28k▼ -197% vs 2022lowest in 5 years
2024: €42k▲ +251% vs 2023
2025: €45k▲ +6.6% vs 2024highest in 5 years
Net result€18k-€12k▼ 34.0%€-32k€28k€27k▼ 3.6%
2021: €18k
2022: €12k▼ -34.0% vs 2021
2023: €-32k▼ -364% vs 2022lowest in 5 years
2024: €28k▲ +188% vs 2023highest in 5 years
2025: €27k▼ -3.6% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€39k ▼ 45.0%
Current assets
€186k ▲ 29.6%
Equity and liabilities €225k
Equity
€130k ▲ 25.9%
Debt
€95k ▼ 14.5%
Debt's share of the balance-sheet total falls from 51.8% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▼
2024 · €74k
Cash flow
€47k▼
2024 · €60k
Current ratio
6.93▲
2024 · 1.69
Debt to equity
0.73▼
2024 · 1.08
ROE
20.6%▼
2024 · 26.8%
ROA
11.9%▼
2024 · 12.9%
Interest coverage
14.05▼
2024 · 40.57
Debt ≤ 1 year
€27k▼
2024 · €85k
Debt > 1 year
€16k▲
2024 · €0
Income taxes
€13k▲
2024 · €12k
Staff costs
€2k▲
2024 · €1k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€214k€225k▲
Fixed assets21/28€71k€39k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€71k€39k▼
Land and buildings22€53k€0▼
Plant, machinery and equipment23€2k€454▼
Furniture and vehicles24€13k€1k▼
Leasing and similar rights25-€21k
Other tangible fixed assets26€3k€16k▲
Financial fixed assets28€240€240=
Current assets29/58€143k€186k▲
Stocks and contracts in progress3€655€0▼
Stocks30/36€655€0▼
Amounts receivable within one year40/41€76k€85k▲
Trade receivables40€26k€41k▲
Other amounts receivable41€50k€45k▼
Cash at bank and in hand54/58€61k€94k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€214k€225k▲
Equity10/15€103k€130k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€83k€109k▲
Amounts payable17/49€111k€95k▼
Amounts payable after more than one year17€0€16k▲
Financial debts170/4€0€16k▲
Amounts payable within one year42/48€85k€27k▼
Current portion of amounts payable after more than one year42€11k€4k▼
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€373€197▼
Other amounts payable47/48€61k€7k▼
Accrued charges and deferred income492/3€26k€52k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€20k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€78k€69k▼
Operating profit (loss)9901€42k€45k▲
Financial income75/76B€17€28▲
Recurring financial income75€17€28▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€40k€40k=
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€28k€27k▼
Profit (loss) for the period to be appropriated9905€28k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€109k▲
Profit (loss) brought forward from the previous period14P€55k€83k▲
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | €2k | €5k | €4k | €1k | €2k | ▲ 74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €27k | €34k | €32k | €20k | ▼ 37.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-775 | €-3k | - | - | - | - |
| Other operating charges640/8 | €4k | €3k | €3k | €3k | €3k | ▼ 5.1% |
| Gross operating margin9900 | €54k | €61k | €12k | €78k | €69k | ▼ 11.0% |
| Operating profit (loss)9901 | €36k | €29k | €-28k | €42k | €45k | ▲ 6.6% |
| Financial income75/76B | €17 | €218 | €1 | €17 | €28 | ▲ 65.3% |
| Recurring financial income75 | €17 | €218 | €1 | €17 | €28 | ▲ 65.3% |
| Financial charges65/66B | €6k | €6k | €3k | €2k | €5k | ▲ 152% |
| Recurring financial charges65 | €6k | €6k | €3k | €2k | €5k | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €31k | €23k | €-30k | €40k | €40k | = |
| Income taxes67/77 | €13k | €11k | €1k | €12k | €13k | ▲ 8.0% |
| Profit (loss) for the period9904 | €18k | €12k | €-32k | €28k | €27k | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €18k | €12k | €-32k | €28k | €27k | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €269k | €199k | €214k | €225k | ▲ 4.9% |
| Fixed assets21/28 | €84k | €134k | €101k | €71k | €39k | ▼ 45.0% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €83k | €134k | €100k | €71k | €39k | ▼ 45.1% |
| Land and buildings22 | €64k | €60k | €56k | €53k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €5k | €7k | €5k | €2k | €454 | ▼ 80.9% |
| Furniture and vehicles24 | €8k | €60k | €34k | €13k | €1k | ▼ 88.5% |
| Leasing and similar rights25 | - | - | - | - | €21k | - |
| Other tangible fixed assets26 | €7k | €7k | €5k | €3k | €16k | ▲ 433% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €99k | €135k | €99k | €143k | €186k | ▲ 29.6% |
| Stocks and contracts in progress3 | €495 | €600 | €1k | €655 | €0 | ▼ 100% |
| Stocks30/36 | €495 | €600 | €1k | €655 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €80k | €71k | €46k | €76k | €85k | ▲ 13.1% |
| Trade receivables40 | €64k | €47k | €30k | €26k | €41k | ▲ 58.1% |
| Other amounts receivable41 | €17k | €24k | €16k | €50k | €45k | ▼ 10.3% |
| Cash at bank and in hand54/58 | €13k | €58k | €46k | €61k | €94k | ▲ 53.6% |
| Deferred charges and accrued income490/1 | €5k | €5k | €5k | €5k | €6k | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €269k | €199k | €214k | €225k | ▲ 4.9% |
| Equity10/15 | €95k | €107k | €75k | €103k | €130k | ▲ 25.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €40k | €40k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €38k | €38k | €0 | - | - | - |
| Profit (loss) carried forward14 | €37k | €48k | €55k | €83k | €109k | ▲ 32.3% |
| Amounts payable17/49 | €87k | €162k | €124k | €111k | €95k | ▼ 14.5% |
| Amounts payable after more than one year17 | - | €32k | €11k | €0 | €16k | - |
| Financial debts170/4 | - | €32k | €11k | €0 | €16k | - |
| Amounts payable within one year42/48 | €87k | €130k | €112k | €85k | €27k | ▼ 68.4% |
| Current portion of amounts payable after more than one year42 | €13k | €21k | €21k | €11k | €4k | ▼ 60.6% |
| Financial debts43 | €0 | €10k | €0 | - | - | - |
| Credit institutions430/8 | €0 | €10k | €0 | - | - | - |
| Trade debts44 | €10k | €25k | €23k | €10k | €11k | ▲ 5.5% |
| Suppliers440/4 | €10k | €25k | €23k | €10k | €11k | ▲ 5.5% |
| Taxes, remuneration and social security45 | €2k | €4k | €836 | €3k | €5k | ▲ 87.7% |
| Taxes450/3 | €2k | €4k | €526 | €2k | €5k | ▲ 110% |
| Remuneration and social security454/9 | €465 | €940 | €309 | €373 | €197 | ▼ 47.1% |
| Other amounts payable47/48 | €62k | €70k | €68k | €61k | €7k | ▼ 88.7% |
| Accrued charges and deferred income492/3 | - | €449 | €410 | €26k | €52k | ▲ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €12k | €-32k | €28k | €27k | ▼ 3.6% |
| + Depreciation and write-downs630 | €13k | €27k | €34k | €32k | €20k | ▼ 37.9% |
| Operating cash flow (approximation) | €31k | €39k | €2k | €60k | €47k | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | €-78k | €0 | €-2k | €12k | ▲ 602% |
| Change in cash | - | €45k | €-12k | €16k | €33k | ▲ 111% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 6.93
Current ratio from 1.69 to 6.93; short-term debt falls from €85k to €27k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Equity above €100kEq €103k ▲36.7%
Equity rises from €75k to €103k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €107k ▲12.5%
5 profitable years in a row build equity to €107k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €33k ▲1,581%
Operating result €55k, net result €33k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Flémalle · 1 establishment unit since 2006
Ground area
8,135 m²
Building footprint
2,596 m²
Volume, LiDAR
22,556 m³
Parcel 62055C0231/00F000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ICCOR
since 20062.186.665.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0231/00F000 | Wallonia | 8,135 m² | 1 · 2,596 m² | 11.4 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesICCOR SRL43646
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,655. 1,294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
43990Other specialised construction activities
43310Plastering work
43422Screed work
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.