Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ICN PROJECTS from Brussel, company number BE0695779317, closed financial year 2024 with a result of € -1.1 million after tax. For that financial year ICN PROJECTS recorded a gross margin of € -857,416 and equity of € -2.1 million. Compared with financial year 2023, the result moved from € -327,639 to € -1.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ -2.1 million
▼ € 1.1 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 237 % more loss than in 2023
Profit after tax over the fiscal year.
€ 3,997
▼ 97% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2024
€ 3.4 million
▲ 20% vs 2023
Loans from banks and other lenders, long and short.
€ 468,505
▼ 67% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -43,440 | € -23,229 | € 53,309 | € -857,416 | ▼ € 910,725 |
| Profit after taxes | € -196,314 | € -270,683 | € -327,639 | € -1,103,164 | ▼ € 775,526 |
| Equity | € -413,860 | € -684,543 | € -1,012,182 | € -2,115,346 | ▼ € 1.1 million |
| Total debts | € 6,967,431 | € 9,721,161 | € 15,794,914 | € 3,888,262 | ▼ 75% |
| Cash | € 10,235 | € 1,652 | € 131,420 | € 3,997 | ▼ 97% |
| Land & buildings | € 20,000 | € 20,000 | € 20,000 | € 20,000 | |
| Retained profit | € -433,860 | € -704,543 | € -1,032,182 | € -2,135,346 | ▼ € 1.1 million |
| Bank debt | € 2,212,910 | € 2,565,789 | € 2,841,099 | € 3,419,756 | ▲ 20% |
| Balance sheet total | € 6,553,571 | € 9,036,618 | € 14,782,732 | € 1,772,915 | ▼ 88% |
Key figures of ICN PROJECTS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ICN PROJECTS?
What happened at ICN PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 1.1 million. filed late Source: NBB ↗
- Nikolaas Coenegrachts became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 196,314 loss in 2021 to € 1.1 million loss in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ICN PROJECTS is Nikolaas Coenegrachts. Nikolaas Coenegrachts is also behind Marsim Beheer, PHILCO, ICN DEVELOPMENT, ICN BB2930 and ICN BB2990.
Directors
According to the 2024 annual accounts
Nikolaas Coenegrachts
Director
Also active at: Marsim Beheer, PHILCO, ICN DEVELOPMENT, ICN BB2930, ICN BB2990, ICN BEL DEV I
since 2024
Establishments
Establishment units
Physical locations of this company
Joseph Stevensstraat 7
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →Fonds de constructions d'institutions hospitalières et médico-sociales de la Communautée francaise
Carrières Saint-Louis de Landelies
€ 105,440 revenue · 2025
Charbonnages de Maurage
€ -11,470 gross margin · 2025
JCDECAUX STREET FURNITURE BELGIUM
€ 90.7 million revenue · 2025
La Maison de l'Employé
€ 42,450 revenue · 2025
+46 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.779.317
- VAT number
- BE 0695.779.317
- Registered office
- Joseph Stevensstraat 7, 1000 Brussel
- Names & denominations
- ICN PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2018
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van bouwarchitecten
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
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Verhuur en exploitatie van terreinen
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
+2