IFA GALLERY
ActiveSummary
The computed 12-month bankruptcy probability of IFA GALLERY is 1.9% (moderate). The 2025 annual accounts show negative equity (€-212k) and a net result of €83k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 18400 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.1 in 2024; short-term debt: 759.8% and cash: 0% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-659.8%
Return on assets
259.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-212k▲ 28.2%
2024 · €-295k
Total assets
€32k▼ 0.8%
2024 · €32k
Net result
€83k▲ 106%
2024 · €40k
Working capital
€-212k▲ 28.2%
2024 · €-295k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27k▲ 62.5%€71k▲ 160%€-6k€40k€82k▲ 103%
Net result€27k▲ 69.5%€71k▲ 163%€-6k€40k€83k▲ 106%
Equity€-400k▲ 6.3%€-329k▲ 17.6%€-336k▼ 2.0%€-295k▲ 12.0%€-212k▲ 28.2%
Total assets€15k▼ 8.9%€49k▲ 236%€5k▼ 89.3%€32k▲ 516%€32k▼ 0.8%
Debt€414k▼ 6.4%€378k▼ 8.7%€341k▼ 9.9%€328k▼ 3.9%€244k▼ 25.5%
Working capital€-400k▲ 6.3%€-329k▲ 17.6%€-336k▼ 2.0%€-295k▲ 12.0%€-212k▲ 28.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 103% above 2024 and is the highest result in the available series.
Key figures and ratios
Solvency
-659.8%▲
2024 · -911.6%
Current ratio
0.13▲
2024 · 0.10
Quick ratio
0.12▲
2024 · 0.09
Debt to equity
-1.15▼
2024 · -1.11
ROA
259.3%▲
2024 · 124.7%
Debt ≤ 1 year
€244k▼
2024 · €328k
Income taxes
€73▼
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €729 | €764 | €1k | €727 | €776 | ▲ 6.7% |
| Non-recurring operating charges66A | - | - | - | €458 | - | - |
| Gross operating margin9900 | €28k | €72k | €-5k | €42k | €83k | ▲ 98.7% |
| Operating profit (loss)9901 | €27k | €71k | €-6k | €40k | €82k | ▲ 103% |
| Financial income75/76B | - | - | - | - | €2k | - |
| Recurring financial income75 | - | - | - | - | €2k | - |
| Financial charges65/66B | €477 | €436 | €475 | - | €971 | - |
| Recurring financial charges65 | €477 | €436 | €475 | - | €971 | - |
| Profit (loss) for the period before taxes9903 | €27k | €71k | €-6k | €40k | €83k | ▲ 106% |
| Income taxes67/77 | €62 | €64 | €70 | €74 | €73 | ▼ 2.1% |
| Profit (loss) for the period9904 | €27k | €71k | €-6k | €40k | €83k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €27k | €71k | €-6k | €40k | €83k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15k | €49k | €5k | €32k | €32k | ▼ 0.8% |
| Current assets29/58 | €15k | €49k | €5k | €32k | €32k | ▼ 0.8% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €2k | €2k | = |
| Stocks30/36 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €8k | €37k | €2k | €28k | €30k | ▲ 9.7% |
| Trade receivables40 | €2k | €37k | €2k | €28k | €30k | ▲ 8.0% |
| Other amounts receivable41 | €6k | - | - | €37 | €530 | ▲ 1,349% |
| Cash at bank and in hand54/58 | €5k | €10k | €2k | €3k | €0 | ▼ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15k | €49k | €5k | €32k | €32k | ▼ 0.8% |
| Equity10/15 | €-400k | €-329k | €-336k | €-295k | €-212k | ▲ 28.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Profit (loss) carried forward14 | €-406k | €-335k | €-342k | €-301k | €-218k | ▲ 27.6% |
| Amounts payable17/49 | €414k | €378k | €341k | €328k | €244k | ▼ 25.5% |
| Amounts payable within one year42/48 | €414k | €378k | €341k | €328k | €244k | ▼ 25.5% |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €10k | €7k | €1k | €8k | €2k | ▼ 79.0% |
| Suppliers440/4 | €10k | €7k | €1k | €8k | €2k | ▼ 79.0% |
| Taxes, remuneration and social security45 | €62 | €3k | €1k | €74 | €147 | ▲ 97.9% |
| Taxes450/3 | €62 | €3k | €1k | €74 | €147 | ▲ 97.9% |
| Other amounts payable47/48 | €405k | €368k | €338k | €320k | €240k | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €71k | €-6k | €40k | €83k | ▲ 106% |
| Operating cash flow (approximation) | €27k | €71k | €-6k | €40k | €83k | ▲ 106% |
| Change in cash | - | €5k | €-8k | €1k | €-3k | ▼ 339% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €83k ▲106%
Operating result €82k, net result €83k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2013
Ground area
836 m²
Building footprint
835 m²
Volume, LiDAR
17,191 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
110
companies at this address
See who is registered here
1 establishment unit
IFA GALLERY
since 20132.226.784.755
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21809K1132/00B000 | Brussels | 136 m² | 1 · 136 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
ADoor Me SZS
BE 0713.872.983
Elsene
AFFAIRES CULTURELLES
BE 0770.562.555
Brussel
Agnews
BE 0799.165.380
Elsene
ALIGATOR
BE 0894.505.294
Elsene
ALMINE RECH GALLERY
BE 0880.459.595
Elsene
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,289 companies in sector 47690 we hold annual accounts for 425. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
Scores and ratios are computed by Checked and are not a credit decision.