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IANGO

Active
Private limited companyfounded 2018active for 8 yearsOpperstraat 83, 1050 Elsene, BelgiumKBO/BCE: BE 0688.725.338

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00500591.

Annual accounts 2025 filed on 31-08-2026 at the NBB all 5 filings

Turnover
≈ €120,000
Estimated: probably between €68,000 and €160,000
Total assets
€163,261▼ 5.4%
2023 · €172,572
Net result
€80▼ 98.6%
2023 · €5,648
Working capital
€49,690▼ 12.8%
2023 · €56,961
Trend over the years

2019 to 2025, 5 financial years

The operating result for 2025 is €265, against €7,147 in 2023. Comparable figures for the intervening years are unavailable.

Operating result€265 2025 Net result€80 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120232025
Operating result€65,807--€3,354-€12,672▼ 278%€7,147-€265-
Net result€52,746-€7,606within the sector's middle half▼ 85.6%-€21,860below the sector's middle half€5,648within the sector's middle half-€80below the sector's middle half-
Equity€88,678-€96,284within the sector's middle half▲ 8.6%€74,424within the sector's middle half▼ 22.7%€41,579within the sector's middle half-€49,341within the sector's middle half-
Total assets€175,347-€165,673within the sector's middle half▼ 5.5%€140,825within the sector's middle half▼ 15.0%€172,572within the sector's middle half-€163,261within the sector's middle half-
Debt€86,669-€69,389▼ 19.9%€66,401▼ 4.3%€130,994-€113,919-
Working capital€80,265-€92,248within the sector's middle half▲ 14.9%€68,035within the sector's middle half▼ 26.2%€56,961within the sector's middle half-€49,690within the sector's middle half-
Solvency50.6%-58.1%within the sector's middle half▲ 7.5pp52.8%within the sector's middle half▼ 5.3pp24.1%below the sector's middle half-30.2%within the sector's middle half-
Current ratio2.13-2.61within the sector's middle half▲ 0.482.06within the sector's middle half▼ 0.551.50within the sector's middle half-1.45within the sector's middle half-
Return on assets (ROA)30.1%-4.6%within the sector's middle half▼ 25.5pp-15.5%below the sector's middle half▼ 20.1pp3.3%within the sector's middle half-0.0%below the sector's middle half-
Staff (FTE)11-
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €163,261
Fixed assets €2,034 ▲ 1.7%
Current assets €161,227 ▼ 5.5%
Equity and liabilities €163,261
Equity €49,341 ▲ 18.7%
Debt €113,919 ▼ 13.0%
Debt's share of the balance-sheet total falls from 75.9% to 69.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2023
EBITDA
€1,863▼
2023 · €14,532
Cash flow
€1,678▼
2023 · €13,033
Quick ratio
1.44▼
2023 · 1.50
Debt to equity
2.31▼
2023 · 3.15
ROE
0.2%▼
2023 · 13.6%
Interest coverage
10.07▼
2023 · 22.64
Debt ≤ 1 year
€111,537▼
2023 · €113,611
Staff costs
€37,169▼
2023 · €41,733
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as IANGO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €148,000 and €178,000, founded between 2016 and 2018.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
IANGO Elsene2018€163,261€49,341€40,145€802025
JAY'S CONSULT Elsene2016€169,456€46,222€42,582€5,7242025
ANAARA Sint-Jans-Molenbeek2017€156,297€26,257€42,275-€55,1932025
STFN. Ukkel2018€156,023€109,598€45,124€35,4762025
B&C Enterprise Watermaal-Bosvoorde2018€152,877€80,715€35,734€18,1582025
AJR Advisory Brussels Brussel2018€148,179€140,051€43,999€29,5592025
be Intermezzo Ukkel2018€178,290€155,046€34,786€18,8882025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 5,047 companies had the same profile as IANGO has now. Two years later, 2.2% had gone bankrupt and 93.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.2% went bankrupt
3.8% stopped otherwise
93.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of IANGO itself is lower: 0.1% within 12 months. It rests on far more data about IANGO than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,047 companies, not a prediction for IANGO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 47 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code20232025
Assets
Total assets20/58€172,572€163,261▼
Fixed assets21/28€2,000€2,034▲
Tangible fixed assets22/27€2,000€2,034▲
Furniture and vehicles24€2,000€2,034▲
Current assets29/58€170,572€161,227▼
Stocks and contracts in progress3-€113
Stocks30/36-€113
Amounts receivable within one year40/41€16,079€1,484▼
Trade receivables40€15,000€377▼
Other amounts receivable41€1,079€1,107▲
Cash at bank and in hand54/58€153,515€158,987▲
Deferred charges and accrued income490/1€978€642▼
Equity and liabilities
Total equity and liabilities10/49€172,572€163,261▼
Equity10/15€41,579€49,341▲
Contributions10/11€6,200€6,200=
Reserves13€7,460€7,460=
Non-distributable reserves130/1€1,860€1,860=
Other1319€1,860€1,860=
Distributable reserves133€5,600€5,600=
Profit (loss) carried forward14€27,919€35,681▲
Amounts payable17/49€130,994€113,919▼
Amounts payable within one year42/48€113,611€111,537▼
Financial debts43-€102,381
Other loans439-€102,381
Trade debts44€6,901€4,266▼
Suppliers440/4€6,901€4,266▼
Taxes, remuneration and social security45€15,319€4,890▼
Taxes450/3€9,462€1,321▼
Remuneration and social security454/9€5,857€3,568▼
Other amounts payable47/48€91,391-
Accrued charges and deferred income492/3€17,383€2,383▼
Income statement Code20232025
Remuneration, social security and pensions62€41,733€37,169▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,385€1,598▼
Other operating charges640/8€866€1,113▲
Gross operating margin9900€57,130€40,145▼
Operating profit (loss)9901€7,147€265▼
Financial charges65/66B€642€185▼
Recurring financial charges65€642€185▼
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€6,505€80▼
Income taxes67/77€857-
Profit (loss) for the period9904€5,648€80▼
Profit (loss) for the period to be appropriated9905€5,648€80▼
Appropriation of the result
Profit (loss) to be appropriated9906€33,519€35,681▲
Profit (loss) brought forward from the previous period14P€27,870€35,601▲
Transfer to equity691/2€5,600-
To other reserves6921€5,600-

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120232025Change
Remuneration, social security and pensions62--€2,818€41,733€37,169-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,622€8,820€8,943€7,385€1,598-
Other operating charges640/8--€407€866€1,113-
Gross operating margin9900€75,282€10,785-€504€57,130€40,145-
Operating profit (loss)9901€65,807-€3,354-€12,672€7,147€265-
Financial charges65/66B--€2,170€642€185-
Recurring financial charges65€22€217€2,170€642€185-
Non-recurring financial charges66B----€0-
Profit (loss) for the period before taxes9903€64,784€8,429-€14,842€6,505€80-
Income taxes67/77€12,039€823€7,019€857--
Profit (loss) for the period9904€52,746€7,606-€21,860€5,648€80-
Profit (loss) for the period to be appropriated9905€52,746€7,606-€21,860€5,648€80-
Line20192020202120232025Change
Assets
Total assets20/58€175,347€165,673€140,825€172,572€163,261-
Fixed assets21/28€24,021€16,055€8,312€2,000€2,034-
Tangible fixed assets22/27€24,021€16,055€8,312€2,000€2,034-
Furniture and vehicles24--€8,312€2,000€2,034-
Current assets29/58€151,326€149,618€132,513€170,572€161,227-
Stocks and contracts in progress3----€113-
Stocks30/36----€113-
Amounts receivable within one year40/41€1,996€5,317€1,691€16,079€1,484-
Trade receivables40--€1,691€15,000€377-
Other amounts receivable41---€1,079€1,107-
Cash at bank and in hand54/58€148,868€143,576€130,364€153,515€158,987-
Deferred charges and accrued income490/1--€458€978€642-
Equity and liabilities
Total equity and liabilities10/49€175,347€165,673€140,825€172,572€163,261-
Equity10/15€88,678€96,284€74,424€41,579€49,341-
Contributions10/11€6,200-€6,200€6,200€6,200-
Reserves13€1,860€1,860€1,860€7,460€7,460-
Non-distributable reserves130/1--€1,860€1,860€1,860-
Reserves not available under the articles1311--€1,860---
Other1319---€1,860€1,860-
Distributable reserves133---€5,600€5,600-
Profit (loss) carried forward14€80,618€88,224€66,364€27,919€35,681-
Amounts payable17/49€86,669€69,389€66,401€130,994€113,919-
Amounts payable after more than one year17€15,608€12,019----
Amounts payable within one year42/48€71,061€57,370€64,478€113,611€111,537-
Current portion of amounts payable after more than one year42--€12,019---
Financial debts43----€102,381-
Other loans439----€102,381-
Trade debts44€1,053€2,697€2,965€6,901€4,266-
Suppliers440/4--€2,965€6,901€4,266-
Taxes, remuneration and social security45--€428€15,319€4,890-
Taxes450/3--€428€9,462€1,321-
Remuneration and social security454/9---€5,857€3,568-
Other amounts payable47/48--€49,066€91,391--
Accrued charges and deferred income492/3--€1,923€17,383€2,383-
Line20192020202120232025Change
Profit (loss) for the period9904€52,746€7,606-€21,860€5,648€80-
+ Depreciation and write-downs630€8,622€8,820€8,943€7,385€1,598-
Operating cash flow (approximation)€61,367€16,426-€12,918€13,033€1,678-
Investment in fixed assets (approximation)--€855-€1,200---
Change in cash--€5,292-€13,212---

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00500591 NBB
31-12-2023 micro format 29-08-2024 2024-00450449 PDF
31-12-2021 micro format 31-08-2022 2022-20426625 PDF
31-12-2020 micro format 28-08-2021 2021-65400314 PDF
31-12-2019 micro format 30-11-2020 2020-74000063 PDF

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