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IG DECOR

Active
Private limited companyfounded 20233 yrs activeChaussée Brunehault(PER) 152, 7134 Binche, BelgiumKBO/BCE: BE 0800.457.955
Summary

The computed 12-month bankruptcy probability of IG DECOR is 4.4% (elevated). The 2024 annual accounts show equity of €5,537 and a net result of -€4,327. Its solvency ranks better than 16% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability9▼-81
Solvency38▼-22
Growth32
Track record94
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.97 against 1.38 in 2023; short-term debt: 80.1% and cash: 22.3% of total assets), and 87.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024
Solvency, return and age of the figures
Solvency
12.8%
Return on assets
-10%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
51 d early
2023
44 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IG DECOR was incorporated on 5 April 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€5,537▼ 43.9%
2023 · €9,864
Total assets
€43,287▲ 53.1%
2023 · €28,278
Net result
-€4,327
2023 · €4,864
Working capital
-€963
2023 · €6,563
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
Line20232024
Operating result€6,585--€3,484
Net result€4,864--€4,327
Equity€9,864-€5,537▼ 43.9%
Total assets€28,278-€43,287▲ 53.1%
Debt€18,415-€37,749▲ 105%
Working capital€6,563--€963
Staff (FTE)2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000Operating result 2023: €6,585€6,585Net result 2023: €4,864€4,864Operating result 2024: -€3,484-€3,484Net result 2024: -€4,327-€4,32720232024-€5,000€0€5,000Operating result 2023: €6,585€6,580Net result 2023: €4,864€4,860Operating result 2024: -€3,484-€3,480Net result 2024: -€4,327-€4,33020232024
The operating result turns negative in 2024: a loss of €3,484 after €6,585 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,287
Fixed assets €9,594 ▲ 125%
Current assets €33,693 ▲ 40.3%
Equity and liabilities €43,287
Equity €5,537 ▼ 43.9%
Debt €37,749 ▲ 105%
Debt's share of the balance-sheet total rises from 65.1% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€287▼
2023 · €7,783
Cash flow
-€556▼
2023 · €6,062
Current ratio
0.97▼
2023 · 1.38
Quick ratio
0.96▼
2023 · 1.38
Debt to equity
6.82▲
2023 · 1.87
ROE
-78.1%▼
2023 · 49.3%
ROA
-10.0%▼
2023 · 17.2%
Interest coverage
0.34▼
2023 · 17.29
Debt ≤ 1 year
€34,656▲
2023 · €17,449
Debt > 1 year
€3,093▲
2023 · €965
Staff costs
€42,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€28,278€43,287▲
Fixed assets21/28€4,266€9,594▲
Tangible fixed assets22/27€4,266€9,389▲
Plant, machinery and equipment23€570€441▼
Furniture and vehicles24€3,696€8,487▲
Other tangible fixed assets26-€460
Financial fixed assets28-€205
Current assets29/58€24,013€33,693▲
Stocks and contracts in progress3-€448
Stocks30/36-€448
Amounts receivable within one year40/41€5,496€22,232▲
Trade receivables40€5,400€20,571▲
Other amounts receivable41€96€1,661▲
Cash at bank and in hand54/58€18,153€9,634▼
Deferred charges and accrued income490/1€363€1,379▲
Equity and liabilities
Total equity and liabilities10/49€28,278€43,287▲
Equity10/15€9,864€5,537▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€4,864€537▼
Amounts payable17/49€18,415€37,749▲
Amounts payable after more than one year17€965€3,093▲
Financial debts170/4€965€3,093▲
Amounts payable within one year42/48€17,449€34,656▲
Current portion of amounts payable after more than one year42€2,234€3,686▲
Trade debts44€433€6,835▲
Suppliers440/4€433€6,835▲
Taxes, remuneration and social security45€1,431€2,443▲
Taxes450/3€1,431€353▼
Remuneration and social security454/9-€2,090
Other amounts payable47/48€13,351€21,692▲
Income statement Code20232024
Remuneration, social security and pensions62-€42,520
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,198€3,770▲
Other operating charges640/8€303€773▲
Gross operating margin9900€8,086€43,580▲
Operating profit (loss)9901€6,585-€3,484▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€450€843▲
Recurring financial charges65€450€843▲
Profit (loss) for the period before taxes9903€6,134-€4,327▼
Income taxes67/77€1,271-
Profit (loss) for the period9904€4,864-€4,327▼
Profit (loss) for the period to be appropriated9905€4,864-€4,327▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,864€537▼
Profit (loss) brought forward from the previous period14P-€4,864

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€42,520-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,198€3,770▲ 215%
Other operating charges640/8€303€773▲ 155%
Gross operating margin9900€8,086€43,580▲ 439%
Operating profit (loss)9901€6,585-€3,484▼ 153%
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€450€843▲ 87.3%
Recurring financial charges65€450€843▲ 87.3%
Profit (loss) for the period before taxes9903€6,134-€4,327▼ 171%
Income taxes67/77€1,271--
Profit (loss) for the period9904€4,864-€4,327▼ 189%
Profit (loss) for the period to be appropriated9905€4,864-€4,327▼ 189%
Line20232024Change
Assets
Total assets20/58€28,278€43,287▲ 53.1%
Fixed assets21/28€4,266€9,594▲ 125%
Tangible fixed assets22/27€4,266€9,389▲ 120%
Plant, machinery and equipment23€570€441▼ 22.5%
Furniture and vehicles24€3,696€8,487▲ 130%
Other tangible fixed assets26-€460-
Financial fixed assets28-€205-
Current assets29/58€24,013€33,693▲ 40.3%
Stocks and contracts in progress3-€448-
Stocks30/36-€448-
Amounts receivable within one year40/41€5,496€22,232▲ 304%
Trade receivables40€5,400€20,571▲ 281%
Other amounts receivable41€96€1,661▲ 1,621%
Cash at bank and in hand54/58€18,153€9,634▼ 46.9%
Deferred charges and accrued income490/1€363€1,379▲ 280%
Equity and liabilities
Total equity and liabilities10/49€28,278€43,287▲ 53.1%
Equity10/15€9,864€5,537▼ 43.9%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€4,864€537▼ 89.0%
Amounts payable17/49€18,415€37,749▲ 105%
Amounts payable after more than one year17€965€3,093▲ 220%
Financial debts170/4€965€3,093▲ 220%
Amounts payable within one year42/48€17,449€34,656▲ 98.6%
Current portion of amounts payable after more than one year42€2,234€3,686▲ 65.0%
Trade debts44€433€6,835▲ 1,478%
Suppliers440/4€433€6,835▲ 1,478%
Taxes, remuneration and social security45€1,431€2,443▲ 70.8%
Taxes450/3€1,431€353▼ 75.3%
Remuneration and social security454/9-€2,090-
Other amounts payable47/48€13,351€21,692▲ 62.5%
Line20232024Change
Profit (loss) for the period9904€4,864-€4,327▼ 189%
+ Depreciation and write-downs630€1,198€3,770▲ 215%
Operating cash flow (approximation)€6,062-€556▼ 109%
Investment in fixed assets (approximation)--€9,099-
Change in cash--€8,519-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
10-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Binche · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
416 m²
Building footprint
44 m²
Volume, LiDAR
421 m³
Parcel 55032B0379/00A005, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IG DECOR
Chaussée Brunehault(RES) 152, 7134 BincheWallpapering and laying of floor and wall coverings in other materials
since 20232.344.344.203
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55032B0379/00A005 Wallonia 416 m² 1 · 44 m² 11.4 m · 3 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.

Similar companies · same sector, comparable size

Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Contact
E-mail igdecor@outlook.be
Phone +32498382293
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800457955
Registered 01-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.