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IGEFA

Active
Public limited companyfounded 1990active for 35 yearsArimont-Chemin de la Cense SN, 4960 Malmedy, BelgiumKBO/BCE: BE 0442.911.403
Summary

IGEFA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,491 and a net result of €861. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 57% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 28-12-1990 Normal situation
Activity
Holiday cottages, homes and apartments NACE 55203and 2 others
Establishment unit
2.052.143.381 4960 Malmedy, since 29-03-1991
Financial year end
30 September
Peppol
Reachable since 14-10-2025

Board and ownership

Board
  • FABRITIUS NadineDirector · since 11-03-2020
  • GENTGES CARLYDirector · since 11-03-2020

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€93,952
▼ 68.4%
Turnover
≈ €280,000
estimated
Profit
€861
▼ 99.4%
Equity
€203,491
▲ 0.4%
Total assets
€751,078
▼ 9.3%
Staff
≈ 0 FTE
estimated
  • 2025 accounts filed 26 days after the deadline
Filed on 26-05-2026
Score breakdownraises riskLiquidity: current ratio 0.08, cash €2,620, halvedlowers riskFounded in 1990Size: total assets €751,078Figures for financial year 2025 (filed on 28-05-2026)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of micro companies in accommodation (NACE 55)
Financial strength · tick: 2024
Average
Solvency 52+3
equity 27.1% of total assets
Liquidity 50+1
short-term debt 9.6% · cash 0.3%
Profitability 50-40
return on assets 0.1%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,521 companies, NACE 55, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.3%▼ -0.1 percentage points vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%▲ +0.2 percentage points vs 03-2025 05-2025: 1.1%▲ +0.5 percentage points vs 04-2025 06-2025: 1.4%▲ +0.3 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -1.3 percentage points vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%▲ +0.2 percentage points vs 04-2026 06-2026: 0.1%▼ -0.3 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.08 (0.28 in 2024), below 1. Short-term debt is 9.6% and cash 0.3% of total assets. 72.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 54% of them on solvency, 58% on liquidity, 39% on profitability and 48% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.08, cash €2,620, halved
NBB · annual accounts
lowers risk · Size: total assets €751,078
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 28-05-2026)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €203,491
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-05-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
26 days late
2024
28 days late
2023
8 days late
2022
5 days late
2021
6 days late
2020
on the day
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 9 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result fell in 2025the 2024 profit included a one-off income of €246,768 ▼ 99.4% View
  • Positive: 7th oldest company in Malmedy, Accommodation and food service sectorin the Checked rankings No. 7 View

Recent changes

  1. · Gazette deed Resignations: GENTGES Carl (director) and FABRITIUS Nadine (director)Reappointments: GENTGES Carl (director) and FABRITIUS Nadine (director) · Permanent representative: GENTGES Carl
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as IGEFA: holiday cottages, homes and apartments (NACE 55203). They are comparable in size and age: total assets between €544,000 and €860,000, founded between 1986 and 1997.

CompanyTotal assetsGross margin
IGEFA Malmedy€751,078€93,952
Park Merlo Brugge€692,629€78,714
AVENCOBIM Stoumont€544,491€83,185
Gite La Commanderie des Ardennes Antwerpen€615,137€75,864
PPS Systems Affligem€859,934€112,381
LE MOULIN DU PETIT ROT Gedinne€558,539€89,829
WALLEBOOM Lo-Reninge€661,593€65,627
Full comparison

Key facts about IGEFA

What is the company number of IGEFA?
The company number of IGEFA is 0442.911.403. The VAT number is the same number with BE in front: BE 0442.911.403.
Where is IGEFA based?
The registered office is at Arimont-Chemin de la Cense SN, 4960 Malmedy.Company details
What does IGEFA do?
According to the KBO register, the main activity is holiday cottages, homes and apartments (NACE 55203).
What is the legal form of IGEFA?
The legal form of IGEFA is Public limited company (NV).
When was IGEFA founded?
IGEFA was founded on 28-12-1990.
Is IGEFA still active?
Yes, IGEFA is an active enterprise in the KBO register.
What is the turnover of IGEFA?
The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €93,952 and 2,678 comparable companies of the same size. It probably lies between €190,000 and €490,000. It is a rough estimate.Financials
Is IGEFA profitable?
In financial year 2025, IGEFA made a profit of €861.
Where can I find the annual accounts of IGEFA?
IGEFA filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IGEFA due?
IGEFA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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