Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IKASO from Jabbeke, company number BE0448969844, closed financial year 2025 with a result of € -25,768 after tax. For that financial year IKASO recorded revenue of € 908,487 and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 461,862 to € -25,768. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 5.2 million
▲ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,768
▼ still € 461,862 profit in 2024
Profit after tax over the fiscal year.
€ 105,285
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.6 million.
Debts at end 2025
€ 2.2 million
▼ 30% vs 2024
€ 354,821 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 743,550
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 231,377
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 809,115 | € 827,165 | € 1,074,650 | € 908,487 | ▼ 15% |
| Gross margin | € 994,491 | € 1,084,874 | € 1,319,674 | € 978,877 | ▼ 26% |
| Profit after taxes | € 443,213 | € 446,487 | € 461,862 | € -25,768 | ▼ € 487,630 |
| Equity | € 1,748,142 | € 2,194,629 | € 2,656,491 | € 5,152,958 | ▲ 94% |
| Total debts | € 8,992,442 | € 9,308,331 | € 9,465,956 | € 5,825,617 | ▼ 38% |
| Cash | € 17,113 | € 43,860 | € 194,543 | € 105,285 | ▼ 46% |
| Land & buildings | € 8,348,374 | € 9,157,009 | € 9,880,055 | € 9,666,138 | ▼ 2% |
| Retained profit | € 1,683,142 | € 2,129,629 | € 2,591,491 | € 4,571,532 | ▲ 76% |
| Bank debt | € 2,476,941 | € 2,868,584 | € 3,143,997 | € 2,196,704 | ▼ 30% |
| Balance sheet total | € 10,803,616 | € 11,561,490 | € 12,176,475 | € 11,028,100 | ▼ 9% |
Key figures of IKASO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IKASO?
What happened at IKASO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GEERT VERSTRAETE stepped down as director. NBB
- ISABEL VERSTRAETE stepped down as director. NBB
- SOFIE VERSTRAETE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 25,768 (▼ € 487,630 vs 2024). Source: NBB ↗
- GEERT VERSTRAETE became a director. NBB
- KATHY VERSTRAETE stepped down as director. NBB
- ISABEL VERSTRAETE became a director. NBB
- NADINE MERMUYS stepped down as director. NBB
In short
From € 443,213 profit in 2022 to € 25,768 loss in 2025.
Paid € 618,606 in corporate taxes since 2022.
Best year ever: 2024, with € 461,862 profit.
Management
Directors
According to the 2025 annual accounts
GEERT VERSTRAETE
Managing director
Also active at: IVECA TECHNICS, Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon, G. VERSTRAETE, K.V.G., PORTHOS INVEST
since 2025 · until 2031
since 2023 · until 2025
ISABEL VERSTRAETE
Director
since 2025 · until 2031
since 2023 · until 2025
SOFIE VERSTRAETE
Director
Also active at: Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Lettenburgstraat 4D
8490 Jabbeke
Lettenburgstraat 4 D
8490 Jabbeke
Active since 29 January 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.969.844
- VAT number
- BE 0448.969.844
- Registered office
- Lettenburgstraat 4D, 8490 Jabbeke
- Names & denominations
- IKASO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1992
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Financiële lease
Verhuur van woningen, exclusief sociale woningen
Financiële leasing
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