The club was founded in 1991, and was originally based in
Nea Smyrni,
Athens. In 2007, the club's home became
Kallithea, Athens. In 2009, the club merged with
Esperos Kallitheas, and played the 2009–10 season under the name of Ikaros Kallitheas-Esperos. In that same season, the club won the
Greek 2nd Division championship. After winning the Greek 2nd Division in the 2009–10 season, the club broke away from its merger with Esperos Kallitheas, and once again took the name of Ikaros Kallitheas. They competed in the top league in Greece, the
Greek Basket League, for the first time in the
2010–11 season. In 2013, the club moved to
Chalkida. At the finish of the 2013–14 season, Ikaros Kallitheas was
relegated to the
Greek 2nd Division. But for the next season, the club declared that it was unable to take part in the A2 Division, and was then relegated to the
Greek B Basket League. Simultaneously, the club returned to
Kallithea. and was renamed again to Ikaros Kallitheas. ==Arenas==