ICOPA
Bankruptcy closedSummary
ICOPA was declared bankrupt on 12-07-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 01-01-2026, published in the Belgian State Gazette on 09-01-2026. The 2021 annual accounts show negative equity (-€355,126) and a net result of -€9,880.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 11-03-2022, 39 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
2021
39 d late
2020
5 d early
2019
60 d early
2018
27 d early
2016
27 d late
2015
45 d late
2014
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2021 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Business and other management consultancy sector doing?Sector figures
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Financials · fiscal year 2021, micro schema
Equity
-€355,126▼ 2.9%
2020 · -€345,246
Total assets
€85,555▼ 77.4%
2020 · €379,065
Net result
-€9,880
2020 · €7,760
Working capital
-€411,726▼ 2.5%
2020 · -€401,846
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€28,341-€7,405▼ 73.9%-€9,767
Net result€22,458-€7,760within the sector's middle half▼ 65.4%-€9,880below the sector's middle half
Equity-€353,006--€345,246below the sector's middle half▲ 2.2%-€355,126below the sector's middle half▼ 2.9%
Total assets€393,622-€379,065within the sector's middle half▼ 3.7%€85,555within the sector's middle half▼ 77.4%
Debt€746,628-€724,311▼ 3.0%€440,680▼ 39.2%
Working capital-€409,606--€401,846below the sector's middle half▲ 1.9%-€411,726below the sector's middle half▼ 2.5%
Solvency-89.7%--91.1%below the sector's middle half▼ 1.4pp-415.1%below the sector's middle half▼ 324.0pp
Current ratio0.45-0.45below the sector's middle half▼ 0.010.07below the sector's middle half▼ 0.38
Return on assets (ROA)5.7%-2.0%within the sector's middle half▼ 3.7pp-11.5%below the sector's middle half▼ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €9,767 after €7,405 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €85,555
Fixed assets
€56,600 =
Current assets
€28,955 ▼ 91.0%
Equity and liabilities
Equity-€355,126
Debt€440,680
Equity is negative: debt (€440,680) exceeds the balance-sheet total (€85,555).
Key figures and ratios
Debt ≤ 1 year
€440,680▼
2020 · €724,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €28,641 | €13,776 | €41,848 | ▲ 204% |
| Operating profit (loss)9901 | €28,341 | €7,405 | -€9,767 | ▼ 232% |
| Recurring financial income75 | - | €506 | - | - |
| Recurring financial charges65 | €5,883 | €275 | €113 | ▼ 59.0% |
| Profit (loss) for the period before taxes9903 | €22,458 | €7,636 | -€9,880 | ▼ 229% |
| Income taxes67/77 | - | -€124 | - | - |
| Profit (loss) for the period9904 | €22,458 | €7,760 | -€9,880 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | €22,458 | €7,760 | -€9,880 | ▼ 227% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €393,622 | €379,065 | €85,555 | ▼ 77.4% |
| Fixed assets21/28 | €56,600 | €56,600 | €56,600 | = |
| Financial fixed assets28 | €56,600 | €56,600 | €56,600 | = |
| Current assets29/58 | €337,022 | €322,465 | €28,955 | ▼ 91.0% |
| Amounts receivable within one year40/41 | €337,022 | €321,005 | €28,843 | ▼ 91.0% |
| Cash at bank and in hand54/58 | - | €1,074 | €111 | ▼ 89.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €393,622 | €379,065 | €85,555 | ▼ 77.4% |
| Equity10/15 | -€353,006 | -€345,246 | -€355,126 | ▼ 2.9% |
| Contributions10/11 | €143,592 | €143,592 | - | - |
| Reserves13 | €442 | €1,202 | €760 | ▼ 36.8% |
| Profit (loss) carried forward14 | -€497,040 | -€490,040 | -€499,920 | ▼ 2.0% |
| Amounts payable17/49 | €746,628 | €724,311 | €440,680 | ▼ 39.2% |
| Amounts payable within one year42/48 | €746,628 | €724,311 | €440,680 | ▼ 39.2% |
| Trade debts44 | €29,688 | €138,491 | €63,859 | ▼ 53.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,458 | €7,760 | -€9,880 | ▼ 227% |
| Operating cash flow (approximation) | €22,458 | €7,760 | -€9,880 | ▼ 227% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | - | -€963 | - |
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
2026
09-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 01-01-2026
2022
18-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-07-2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
30-06
Financial
Weakest financial yearnet -€9,880
Net result drops to -€9,880, the lowest in the series.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
2016
16-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 45 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 152 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 487 days late
2013
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 151 days late
2011
06-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1995
Ground area
1,097 m²
Building footprint
305 m²
Volume, LiDAR
2,762 m³
Parcel 23094D0403/00A000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ICOPA
since 19952.070.716.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0403/00A000 | Flanders | 1,097 m² | 1 · 305 m² | 12.5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOMAS BRUNEEL Zelliksesteenweg 12, 1082 Sint- Agatha-Berchem |
12-07-2022 → 01-01-2026 |
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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. Of 82,601 companies in this sector we hold annual accounts for 52,629. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-12-1994
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.