ILCO
ActiveSummary
ILCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €46k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency32▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.1 against 3.94 in 2024; short-term debt: 9.8% and cash: 28.8% of total assets), but 93% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
7%
Return on assets
2.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1747 sector peers (2025).
NBB · sector comparisonPosition among 1747 sector peers
Solvency
better than 12%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €111k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2025
2 d late
2024
28 d late
2023
9 d early
2022
on the day
2021
25 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€111k▲ 69.7%
2024 · €66k
2019: €-493klowest in 7 years
2020: €-203k▲ +58.8% vs 2019
2021: €-239k▼ -17.9% vs 2020
2022: €37k▲ +116% vs 2021
2023: €10k▼ -73.3% vs 2022
2024: €66k▲ +561% vs 2023
2025: €111k▲ +69.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.59M▲ 2.1%
2024 · €1.56M
2019: €1.12Mlowest in 7 years
2020: €1.28M▲ +14.6% vs 2019
2021: €1.25M▼ -2.2% vs 2020
2022: €1.53M▲ +22.1% vs 2021
2023: €1.44M▼ -6.1% vs 2022
2024: €1.56M▲ +8.3% vs 2023
2025: €1.59M▲ +2.1% vs 2024highest in 7 years
2019 → 2025
Net result
€46k▼ 17.9%
2024 · €56k
2019: €37k
2020: €290k▲ +693% vs 2019highest in 7 years
2021: €-36k▼ -113% vs 2020lowest in 7 years
2022: €276k▲ +862% vs 2021
2023: €-27k▼ -110% vs 2022
2024: €56k▲ +304% vs 2023
2025: €46k▼ -17.9% vs 2024
2019 → 2025
Working capital
€485k▲ 9.2%
2024 · €444k
2019: €-71klowest in 7 years
2020: €234k▲ +430% vs 2019
2021: €194k▼ -17.1% vs 2020
2022: €447k▲ +130% vs 2021
2023: €415k▼ -7.3% vs 2022
2024: €444k▲ +7.2% vs 2023
2025: €485k▲ +9.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-239k-€37k€10k▼ 73.3%€66k▲ 561%€111k▲ 69.7%
2021: €-239klowest in 5 years
2022: €37k▲ +116% vs 2021
2023: €10k▼ -73.3% vs 2022
2024: €66k▲ +561% vs 2023
2025: €111k▲ +69.7% vs 2024highest in 5 years
Operating result€-11k-€291k€-5k€68k€62k▼ 8.7%
2021: €-11klowest in 5 years
2022: €291k▲ +2747% vs 2021highest in 5 years
2023: €-5k▼ -102% vs 2022
2024: €68k▲ +1560% vs 2023
2025: €62k▼ -8.7% vs 2024
Net result€-36k-€276k€-27k€56k€46k▼ 17.9%
2021: €-36klowest in 5 years
2022: €276k▲ +862% vs 2021highest in 5 years
2023: €-27k▼ -110% vs 2022
2024: €56k▲ +304% vs 2023
2025: €46k▼ -17.9% vs 2024
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 falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€946k ▼ 1.4%
Current assets
€642k ▲ 7.7%
Equity and liabilities €1.59M
Equity
€111k ▲ 69.7%
Debt
€1.48M ▼ 0.9%
Debt's share of the balance-sheet total falls from 95.8% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▲
2024 · €110k
Cash flow
€117k▲
2024 · €98k
Current ratio
4.10▲
2024 · 3.94
Quick ratio
3.04▲
2024 · 2.64
Debt to equity
13.28▼
2024 · 22.73
ROE
41.1%▼
2024 · 84.9%
ROA
2.9%▼
2024 · 3.6%
Interest coverage
7.72▼
2024 · 9.05
Debt ≤ 1 year
€156k▲
2024 · €151k
Debt > 1 year
€1.32M▼
2024 · €1.34M
Income taxes
€1▲
2024 · €0
Staff costs
€176k▲
2024 · €135k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.59M▲
Fixed assets21/28€959k€946k▼
Tangible fixed assets22/27€831k€821k▼
Land and buildings22€676k€651k▼
Plant, machinery and equipment23€13k€13k▼
Furniture and vehicles24€126k€143k▲
Other tangible fixed assets26€16k€14k▼
Financial fixed assets28€128k€126k▼
Current assets29/58€596k€642k▲
Stocks and contracts in progress3€196k€166k▼
Stocks30/36€196k€166k▼
Amounts receivable within one year40/41€90k-
Trade receivables40€85k€0▼
Other amounts receivable41€5k-
Cash at bank and in hand54/58€295k€458k▲
Deferred charges and accrued income490/1€14k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.59M▲
Equity10/15€66k€111k▲
Contributions10/11€221k€221k=
Reserves13€29k€29k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-184k€-138k▲
Amounts payable17/49€1.49M€1.48M▼
Amounts payable after more than one year17€1.34M€1.32M▼
Financial debts170/4€300k€282k▼
Other amounts payable178/9€1.04M€1.04M=
Amounts payable within one year42/48€151k€156k▲
Current portion of amounts payable after more than one year42€60k€67k▲
Trade debts44€17k€20k▲
Suppliers440/4€17k€20k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€0€7k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€72k€63k▼
Income statement
Code20242025
Remuneration, social security and pensions62€135k€176k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€71k▲
Other operating charges640/8€13k€14k▲
Gross operating margin9900€258k€323k▲
Operating profit (loss)9901€68k€62k▼
Financial income75/76B€3€1k▲
Recurring financial income75€3€1k▲
Financial charges65/66B€12k€17k▲
Recurring financial charges65€12k€17k▲
Profit (loss) for the period before taxes9903€56k€46k▼
Income taxes67/77€0€1▲
Profit (loss) for the period9904€56k€46k▼
Profit (loss) for the period to be appropriated9905€56k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-184k€-138k▲
Profit (loss) brought forward from the previous period14P€-239k€-184k▲
Social balance
Average headcount (FTE)90873.84.2▲
The notes to these accounts (18 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €150k | €179k | €135k | €176k | ▲ 30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €37k | €34k | €42k | €71k | ▲ 69.4% |
| Other operating charges640/8 | - | €11k | €12k | €13k | €14k | ▲ 7.8% |
| Gross operating margin9900 | €185k | €488k | €220k | €258k | €323k | ▲ 25.2% |
| Operating profit (loss)9901 | €-11k | €291k | €-5k | €68k | €62k | ▼ 8.7% |
| Financial income75/76B | - | €21 | €163 | €3 | €1k | ▲ 34,413% |
| Recurring financial income75 | €213 | €21 | €163 | €3 | €1k | ▲ 34,413% |
| Financial charges65/66B | - | €14k | €23k | €12k | €17k | ▲ 42.2% |
| Recurring financial charges65 | €25k | €14k | €23k | €12k | €17k | ▲ 42.2% |
| Profit (loss) for the period before taxes9903 | €-36k | €276k | €-27k | €56k | €46k | ▼ 17.9% |
| Income taxes67/77 | €146 | €148 | €126 | €0 | €1 | ▲ 250% |
| Profit (loss) for the period9904 | €-36k | €276k | €-27k | €56k | €46k | ▼ 17.9% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €276k | €-27k | €56k | €46k | ▼ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.53M | €1.44M | €1.56M | €1.59M | ▲ 2.1% |
| Fixed assets21/28 | €927k | €908k | €878k | €959k | €946k | ▼ 1.4% |
| Tangible fixed assets22/27 | €796k | €776k | €746k | €831k | €821k | ▼ 1.3% |
| Land and buildings22 | - | €727k | €702k | €676k | €651k | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €26k | €19k | €13k | €13k | ▼ 6.0% |
| Furniture and vehicles24 | - | €9k | €8k | €126k | €143k | ▲ 13.2% |
| Other tangible fixed assets26 | - | €0 | €17k | €16k | €14k | ▼ 9.1% |
| Assets under construction and advance payments27 | - | €15k | €0 | - | - | - |
| Financial fixed assets28 | €131k | €132k | €133k | €128k | €126k | ▼ 1.8% |
| Current assets29/58 | €326k | €621k | €558k | €596k | €642k | ▲ 7.7% |
| Stocks and contracts in progress3 | €119k | €176k | €205k | €196k | €166k | ▼ 15.4% |
| Stocks30/36 | - | €176k | €205k | €196k | €166k | ▼ 15.4% |
| Amounts receivable within one year40/41 | €24k | €162k | €88k | €90k | - | - |
| Trade receivables40 | - | €146k | €68k | €85k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €15k | €20k | €5k | - | - |
| Cash at bank and in hand54/58 | €172k | €275k | €250k | €295k | €458k | ▲ 55.1% |
| Deferred charges and accrued income490/1 | - | €9k | €15k | €14k | €17k | ▲ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.53M | €1.44M | €1.56M | €1.59M | ▲ 2.1% |
| Equity10/15 | €-239k | €37k | €10k | €66k | €111k | ▲ 69.7% |
| Contributions10/11 | - | €221k | €221k | €221k | €221k | = |
| Reserves13 | €29k | €29k | €29k | €29k | €29k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-488k | €-212k | €-239k | €-184k | €-138k | ▲ 24.9% |
| Amounts payable17/49 | €1.49M | €1.49M | €1.43M | €1.49M | €1.48M | ▼ 0.9% |
| Amounts payable after more than one year17 | €1.35M | €1.32M | €1.28M | €1.34M | €1.32M | ▼ 1.3% |
| Financial debts170/4 | - | €280k | €245k | €300k | €282k | ▼ 6.0% |
| Other amounts payable178/9 | - | €1.04M | €1.04M | €1.04M | €1.04M | = |
| Amounts payable within one year42/48 | €132k | €174k | €143k | €151k | €156k | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | €35k | €35k | €60k | €67k | ▲ 11.7% |
| Trade debts44 | €33k | €56k | €31k | €17k | €20k | ▲ 17.2% |
| Suppliers440/4 | - | €56k | €31k | €17k | €20k | ▲ 17.2% |
| Taxes, remuneration and social security45 | - | €2k | €3k | €2k | €7k | ▲ 258% |
| Taxes450/3 | - | €1k | €2k | €0 | €7k | - |
| Remuneration and social security454/9 | - | €1k | €1k | €2k | - | - |
| Other amounts payable47/48 | - | €81k | €75k | €72k | €63k | ▼ 13.2% |
| Accrued charges and deferred income492/3 | - | €15 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €276k | €-27k | €56k | €46k | ▼ 17.9% |
| + Depreciation and write-downs630 | €40k | €37k | €34k | €42k | €71k | ▲ 69.4% |
| Operating cash flow (approximation) | €4k | €313k | €6k | €98k | €117k | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €-18k | €-4k | €-123k | €-58k | ▲ 52.9% |
| Change in cash | - | €104k | €-26k | €46k | €163k | ▲ 257% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Equity above €100kEq €111k ▲69.7%
2 profitable years in a row build equity to €111k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €276k
Net result €276k after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €290k ▲693%
Operating result €336k, net result €290k, both a record.
30-06
Financial
Liquidity times 6current ratio 3.45
Current ratio from 0.62 to 3.45; short-term debt falls from €185k to €96k.
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Hasselt · 1 establishment unit since 2003
Ground area
2,983 m²
Building footprint
176 m²
Volume, LiDAR
982 m³
Parcel 71325F0967/00G002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ILCO
since 20032.132.194.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0967/00G002 | Flanders | 2,983 m² | 1 · 175 m² | 9.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 51,570 EUR awarded · 51,570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 16,521 EUR | 16,521 EUR |
| 2024 | 1 | 10,191 EUR | 10,191 EUR |
| 2023 | 1 | 12,639 EUR | 12,639 EUR |
| 2022 | 1 | 12,219 EUR | 12,219 EUR |
Schemes
Brede weersverzekering
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHasselt2.132.194.612
Herk-de-Stad
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Of 3,622 companies in sector 01130 we hold annual accounts for 789. 499 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
Founded23-05-2003
Fiscal year end30-06
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
01240Growing of pome and stone fruits
01301Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
46216Wholesale of agricultural produce and animal feed, general range
Contact
E-mail
bvbailco@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.