I & G
Bankruptcy closedInactive since 23-09-2026; last annual accounts for fiscal year 2022.
Summary
I & G was declared bankrupt on 21-03-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 21-09-2026, published in the Belgian State Gazette on 25-09-2026.
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 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
31 d late
2020
1 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€33k▼ 12.7%
2021 · €37k
2018: €27klowest in 5 years
2019: €30k▲ +10.7% vs 2018
2020: €41k▲ +37.3% vs 2019highest in 5 years
2021: €37k▼ -9.2% vs 2020
2022: €33k▼ -12.7% vs 2021
2018 → 2022
Total assets
€150k▼ 28.4%
2021 · €210k
2018: €46klowest in 5 years
2019: €47k▲ +1.8% vs 2018
2020: €64k▲ +37.2% vs 2019
2021: €210k▲ +229% vs 2020highest in 5 years
2022: €150k▼ -28.4% vs 2021
2018 → 2022
Net result
€-5k▼ 25.8%
2021 · €-4k
2018: €10k
2019: €3k▼ -69.8% vs 2018
2020: €11k▲ +287% vs 2019highest in 5 years
2021: €-4k▼ -134% vs 2020
2022: €-5k▼ -25.8% vs 2021lowest in 5 years
2018 → 2022
Working capital
€27k▼ 36.0%
2021 · €42k
2018: €20klowest in 5 years
2019: €27k▲ +35.8% vs 2018
2020: €42k▲ +56.9% vs 2019highest in 5 years
2021: €42k▼ -1.1% vs 2020
2022: €27k▼ -36.0% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€27k-€30k▲ 10.7%€41k▲ 37.3%€37k▼ 9.2%€33k▼ 12.7%
2018: €27klowest in 5 years
2019: €30k▲ +10.7% vs 2018
2020: €41k▲ +37.3% vs 2019highest in 5 years
2021: €37k▼ -9.2% vs 2020
2022: €33k▼ -12.7% vs 2021
Operating result€13k-€14k▲ 10.8%€25k▲ 74.8%€3k▼ 87.6%€-3k
2018: €13k
2019: €14k▲ +10.8% vs 2018
2020: €25k▲ +74.8% vs 2019highest in 5 years
2021: €3k▼ -87.6% vs 2020
2022: €-3k▼ -187% vs 2021lowest in 5 years
Net result€10k-€3k▼ 69.8%€11k▲ 287%€-4k€-5k▼ 25.8%
2018: €10k
2019: €3k▼ -69.8% vs 2018
2020: €11k▲ +287% vs 2019highest in 5 years
2021: €-4k▼ -134% vs 2020
2022: €-5k▼ -25.8% vs 2021lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €3k after €3k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €150k
Fixed assets
€46k ▲ 153%
Current assets
€104k ▼ 45.8%
Equity and liabilities €150k
Equity
€33k ▼ 12.7%
Debt
€118k ▼ 31.8%
Debt's share of the balance-sheet total falls from 82.2% to 78.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2021 · €9k
Cash flow
€4k▲
2021 · €2k
Current ratio
1.35▲
2021 · 1.28
Quick ratio
0.99▼
2021 · 1.10
Debt to equity
3.61▼
2021 · 4.62
ROE
-14.6%▼
2021 · -10.1%
ROA
-3.2%▼
2021 · -1.8%
Interest coverage
2.94▲
2021 · 1.31
Debt ≤ 1 year
€77k▼
2021 · €149k
Debt > 1 year
€41k▲
2021 · €20k
Income taxes
€120▼
2021 · €1k
Staff costs
€17k▲
2021 · €7k
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 · 2022 against 2021 · 55 lines
Balance sheet
Code20212022
Assets
Total assets20/58€210k€150k▼
Fixed assets21/28€18k€46k▲
Tangible fixed assets22/27€18k€46k▲
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€16k€41k▲
Current assets29/58€191k€104k▼
Amounts receivable after more than one year29€30k€0▼
Other amounts receivable291€30k€0▼
Stocks and contracts in progress3€28k€28k=
Stocks30/36€8k€8k=
Contracts in progress37€20k€20k=
Amounts receivable within one year40/41€119k€67k▼
Trade receivables40€90k€49k▼
Other amounts receivable41€29k€18k▼
Cash at bank and in hand54/58€14k€9k▼
Deferred charges and accrued income490/1€960€888▼
Equity and liabilities
Total equity and liabilities10/49€210k€150k▼
Equity10/15€37k€33k▼
Contributions10/11€6k€6k=
Reserves13€31k€31k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€282€-4k▼
Amounts payable17/49€172k€118k▼
Amounts payable after more than one year17€20k€41k▲
Financial debts170/4€20k€41k▲
Amounts payable within one year42/48€149k€77k▼
Current portion of amounts payable after more than one year42€5k€11k▲
Financial debts43€19k€4▼
Credit institutions430/8€19k€4▼
Trade debts44€115k€46k▼
Suppliers440/4€115k€46k▼
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20212022
Remuneration, social security and pensions62€7k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€774€1k▲
Gross operating margin9900€17k€24k▲
Operating profit (loss)9901€3k€-3k▼
Financial income75/76B€1k€240▼
Recurring financial income75€1k€240▼
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-3k€-5k▼
Income taxes67/77€1k€120▼
Profit (loss) for the period9904€-4k€-5k▼
Profit (loss) for the period to be appropriated9905€-4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€282€-4k▼
Profit (loss) brought forward from the previous period14P€4k€282▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7k | €17k | ▲ 156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €4k | €6k | €9k | ▲ 49.4% |
| Other operating charges640/8 | - | - | - | €774 | €1k | ▲ 30.6% |
| Gross operating margin9900 | €20k | €19k | €32k | €17k | €24k | ▲ 46.3% |
| Operating profit (loss)9901 | €13k | €14k | €25k | €3k | €-3k | ▼ 187% |
| Financial income75/76B | - | - | - | €1k | €240 | ▼ 78.3% |
| Recurring financial income75 | €1k | €11 | €0 | €1k | €240 | ▼ 78.3% |
| Financial charges65/66B | - | - | - | €7k | €2k | ▼ 69.3% |
| Recurring financial charges65 | €148 | €10k | €8k | €7k | €2k | ▼ 69.3% |
| Profit (loss) for the period before taxes9903 | €14k | €5k | €17k | €-3k | €-5k | ▼ 67.2% |
| Income taxes67/77 | €4k | €2k | €6k | €1k | €120 | ▼ 88.1% |
| Profit (loss) for the period9904 | €10k | €3k | €11k | €-4k | €-5k | ▼ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €10k | €3k | €11k | €-4k | €-5k | ▼ 25.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €47k | €64k | €210k | €150k | ▼ 28.4% |
| Fixed assets21/28 | €7k | €6k | €1k | €18k | €46k | ▲ 153% |
| Tangible fixed assets22/27 | €7k | €6k | €1k | €18k | €46k | ▲ 153% |
| Plant, machinery and equipment23 | - | - | - | €3k | €5k | ▲ 93.0% |
| Furniture and vehicles24 | - | - | - | €16k | €41k | ▲ 163% |
| Current assets29/58 | €39k | €41k | €62k | €191k | €104k | ▼ 45.8% |
| Amounts receivable after more than one year29 | - | - | - | €30k | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €30k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | €28k | €28k | = |
| Stocks30/36 | - | - | - | €8k | €8k | = |
| Contracts in progress37 | - | - | - | €20k | €20k | = |
| Amounts receivable within one year40/41 | €29k | €16k | €28k | €119k | €67k | ▼ 43.8% |
| Trade receivables40 | - | - | - | €90k | €49k | ▼ 45.5% |
| Other amounts receivable41 | - | - | - | €29k | €18k | ▼ 38.6% |
| Cash at bank and in hand54/58 | €9k | €5k | €15k | €14k | €9k | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | - | - | €960 | €888 | ▼ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €47k | €64k | €210k | €150k | ▼ 28.4% |
| Equity10/15 | €27k | €30k | €41k | €37k | €33k | ▼ 12.7% |
| Contributions10/11 | €6k | €6k | - | €6k | €6k | = |
| Reserves13 | €21k | €21k | €31k | €31k | €31k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €29k | €29k | = |
| Profit (loss) carried forward14 | €-1k | €3k | €4k | €282 | €-4k | ▼ 1,684% |
| Amounts payable17/49 | €19k | €17k | €23k | €172k | €118k | ▼ 31.8% |
| Amounts payable after more than one year17 | - | - | - | €20k | €41k | ▲ 101% |
| Financial debts170/4 | - | - | - | €20k | €41k | ▲ 101% |
| Amounts payable within one year42/48 | €19k | €14k | €20k | €149k | €77k | ▼ 48.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €11k | ▲ 115% |
| Financial debts43 | - | - | - | €19k | €4 | ▼ 100.0% |
| Credit institutions430/8 | - | - | - | €19k | €4 | ▼ 100.0% |
| Trade debts44 | €8k | €5k | €13k | €115k | €46k | ▼ 59.7% |
| Suppliers440/4 | - | - | - | €115k | €46k | ▼ 59.7% |
| Taxes, remuneration and social security45 | - | - | - | €10k | €4k | ▼ 59.9% |
| Taxes450/3 | - | - | - | €8k | €2k | ▼ 68.7% |
| Remuneration and social security454/9 | - | - | - | €2k | €1k | ▼ 19.6% |
| Other amounts payable47/48 | - | - | - | - | €15k | - |
| Accrued charges and deferred income492/3 | - | - | - | €3k | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €3k | €11k | €-4k | €-5k | ▼ 25.8% |
| + Depreciation and write-downs630 | €2k | €3k | €4k | €6k | €9k | ▲ 49.4% |
| Operating cash flow (approximation) | €12k | €6k | €15k | €2k | €4k | ▲ 88.7% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-23k | €-37k | ▼ 61.4% |
| Change in cash | - | €-4k | €10k | €-554 | €-6k | ▼ 911% |
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
25-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 21-09-2026
2024
28-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 21-03-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
19-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 11-04-2022
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11k ▲287%
Operating result €25k, net result €11k, both a record.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Dendermonde
Ground area
1,169 m²
Building footprint
214 m²
Volume, LiDAR
1,123 m³
Parcel 42002C0318/00F000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002C0318/00F000 | Flanders | 1,169 m² | 1 · 214 m² | 8.5 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK NAENEN BAZELSTRAAT 30, 9150 KRUI-
BEKE |
21-03-2024 → 21-09-2026 |
| Curator | MARIANNE MACHARIS KONINGIN ASTRIDLAAN 8,
9200 DENDERMONDE |
11-04-2022 → 21-09-2026 |