IGEFA
ActiveSummary
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. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 1,588 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €203,491
- Profit
- €861
- FABRITIUS NadineDirector
- GENTGES CarlDirector
Why 92raises riskLiquidity: current ratio 0.08, cash €2,620, halvedlowers riskFounded in 1990Size: total assets €751,078Figures for financial year 2025 (filed 28-05-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 54% on solvency, 58% on liquidity, 39% on profitability and 48% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 14 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €139,830
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122990.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 87% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,685 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €246,768 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €331 | - | - | €4 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,102 | €45,133 | €50,122 | €57,986 | €54,633 | €53,389 | €51,277 | ▼ 4.0% |
| Other operating charges640/8 | - | - | €7,299 | €11,991 | €8,304 | €13,109 | €18,517 | ▲ 41.3% |
| Non-recurring operating charges66A | - | - | €97 | - | €85 | €40,180 | - | - |
| Gross operating margin9900 | €71,449 | €51,442 | €48,629 | €94,043 | €74,076 | €297,329 | €93,952 | ▼ 68.4% |
| Operating profit (loss)9901 | €22,304 | €1,196 | -€8,889 | €23,734 | €11,054 | €190,650 | €24,154 | ▼ 87.3% |
| Financial income75/76B | - | - | - | €2 | - | - | €0 | - |
| Recurring financial income75 | - | €24 | - | €2 | - | - | €0 | - |
| Financial charges65/66B | - | - | €15,359 | €14,355 | €16,696 | €13,610 | €20,503 | ▲ 50.7% |
| Recurring financial charges65 | €16,124 | €14,661 | €15,359 | €14,355 | €16,696 | €13,610 | €20,503 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €6,180 | -€13,441 | -€24,248 | €9,381 | -€5,643 | €177,041 | €3,651 | ▼ 97.9% |
| Income taxes67/77 | €114 | €46 | €117 | €38 | €132 | €37,211 | €2,790 | ▼ 92.5% |
| Profit (loss) for the period9904 | €6,066 | -€13,487 | -€24,365 | €9,343 | -€5,774 | €139,830 | €861 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €6,066 | -€13,487 | -€24,365 | €9,343 | -€5,774 | €139,830 | €861 | ▼ 99.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €948,968 | €904,320 | €899,605 | €943,933 | €893,947 | €828,511 | €751,078 | ▼ 9.3% |
| Fixed assets21/28 | €906,731 | €862,417 | €853,516 | €936,181 | €887,160 | €796,715 | €745,438 | ▼ 6.4% |
| Tangible fixed assets22/27 | €866,731 | €822,417 | €813,516 | €896,181 | €847,160 | €796,715 | €745,438 | ▼ 6.4% |
| Land and buildings22 | - | - | €770,285 | €862,617 | €821,737 | €774,158 | €731,378 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | €1,980 | €1,718 | €2,924 | €7,340 | €5,056 | ▼ 31.1% |
| Furniture and vehicles24 | - | - | €41,250 | €31,846 | €22,499 | €15,217 | €9,004 | ▼ 40.8% |
| Financial fixed assets28 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | - | - | - |
| Current assets29/58 | €42,237 | €41,903 | €46,090 | €7,752 | €6,787 | €31,796 | €5,640 | ▼ 82.3% |
| Amounts receivable within one year40/41 | €1,173 | €7,589 | €3,562 | €2,362 | €5,492 | €5,075 | €1,541 | ▼ 69.6% |
| Trade receivables40 | - | - | €3,508 | €2,362 | €5,246 | €4,087 | €1,541 | ▼ 62.3% |
| Other amounts receivable41 | - | - | €54 | - | €246 | €988 | - | - |
| Current investments50/53 | €474 | €12,548 | - | - | - | €20,000 | - | - |
| Cash at bank and in hand54/58 | €40,590 | €21,767 | €42,528 | €3,247 | - | €5,252 | €2,620 | ▼ 50.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,143 | €1,295 | €1,469 | €1,479 | ▲ 0.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €948,968 | €904,320 | €899,605 | €943,933 | €893,947 | €828,511 | €751,078 | ▼ 9.3% |
| Equity10/15 | €97,083 | €83,597 | €59,232 | €68,574 | €62,800 | €202,630 | €203,491 | ▲ 0.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €67,084 | €67,084 | €67,084 | €67,084 | €67,084 | €117,084 | €117,084 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | €60,884 | €60,884 | €60,884 | €110,884 | €110,884 | = |
| Profit (loss) carried forward14 | -€32,001 | -€45,487 | -€69,853 | -€60,510 | -€66,284 | €23,546 | €24,407 | ▲ 3.7% |
| Amounts payable17/49 | €851,885 | €820,724 | €840,374 | €875,359 | €831,147 | €625,881 | €547,587 | ▼ 12.5% |
| Amounts payable after more than one year17 | €774,966 | €742,072 | €751,084 | €795,401 | €737,124 | €513,901 | €473,033 | ▼ 8.0% |
| Financial debts170/4 | - | - | €579,903 | €573,098 | €509,868 | €344,145 | €313,857 | ▼ 8.8% |
| Other amounts payable178/9 | - | - | €171,181 | €222,303 | €227,256 | €169,755 | €159,176 | ▼ 6.2% |
| Amounts payable within one year42/48 | €76,919 | €78,652 | €86,890 | €79,958 | €94,024 | €111,980 | €71,929 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | - | - | €55,521 | €62,120 | €63,231 | €49,055 | €51,321 | ▲ 4.6% |
| Financial debts43 | - | - | - | - | €17,793 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €17,793 | - | - | - |
| Trade debts44 | €15,972 | €14,927 | €12,170 | €9,859 | €7,219 | €10,441 | €9,776 | ▼ 6.4% |
| Suppliers440/4 | - | - | €12,170 | €9,859 | €7,219 | €10,441 | €9,776 | ▼ 6.4% |
| Advances received on contracts in progress46 | - | - | €18,971 | €7,501 | €5,500 | €13,992 | €4,398 | ▼ 68.6% |
| Taxes, remuneration and social security45 | - | - | €228 | €478 | €281 | €37,492 | €6,434 | ▼ 82.8% |
| Taxes450/3 | - | - | €228 | €478 | €281 | €37,492 | €6,434 | ▼ 82.8% |
| Other amounts payable47/48 | - | - | - | - | - | €1,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,400 | - | - | - | €2,625 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,066 | -€13,487 | -€24,365 | €9,343 | -€5,774 | €139,830 | €861 | ▼ 99.4% |
| + Depreciation and write-downs630 | €45,102 | €45,133 | €50,122 | €57,986 | €54,633 | €53,389 | €51,277 | ▼ 4.0% |
| Operating cash flow (approximation) | €51,168 | €31,646 | €25,757 | €67,329 | €48,859 | €193,219 | €52,138 | ▼ 73.0% |
| Investment in fixed assets (approximation) | - | -€818 | -€41,221 | -€140,652 | -€5,612 | €37,056 | €0 | ▼ 100% |
| Change in cash | - | -€18,823 | €20,762 | -€39,281 | - | - | -€2,632 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 26-05-2026 | 2026-00122990 |
| 30-09-2024 | micro format | 28-05-2025 | 2025-00114428 |
| 30-09-2023 | micro format | 08-05-2024 | 2024-00086176 |
| 30-09-2022 | micro format | 05-05-2023 | 2023-00080816 |
| 30-09-2021 | micro format | 06-05-2022 | 2022-20023123 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12900102 |
| 30-09-2019 | micro format | 27-05-2020 | 2020-13900270 |
| 30-09-2017 | micro format | 29-05-2018 | 2018-15600027 |
| 30-09-2016 | full format | 26-05-2017 | 2017-14800272 |
| 30-09-2015 | full format | 26-05-2016 | 2016-14100464 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FABRITIUS Nadine |
|
| GENTGES Carl |
|
Owners and capital
Capital and shareholders
- 05-01-2024 Capital stated in the deed · €62,000 · 250 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-01
Gazette deed
Resignations: GENTGES Carl (director) and FABRITIUS Nadine (director)Reappointments: GENTGES Carl (director) and FABRITIUS Nadine (director) · Permanent representative: GENTGES Carl · Amendment of the articles13 facts ▸
- General meeting, 06-12-2023
- Amendment of the articles (2 times)
- Capital, €62,000
- Director resignation, GENTGES Carl (director)
- Director resignation, FABRITIUS Nadine (director)
- Director reappointment, GENTGES Carl (director (not named in the articles))
- Director reappointment, FABRITIUS Nadine (director (not named in the articles))
- Director discharge, GENTGES Carl
- Director discharge, FABRITIUS Nadine
- Permanent representative, GENTGES Carl
- Registered office clause, “4960 Malmedy/Arimont,Chemin de la Cense,27, adresse du siège” (deed in French)
- Power of attorney
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Arimont-Chemin de la Cense SN4960 Malmedy1 establishment unit
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “A) l'activité de conseil en matière financière, technique, commerciale ou administrative, au sens large, l'assistance et la fourniture de…” (deed in French)
11 activities (deed in French)
- A) l'activité de conseil en matière financière, technique, commerciale ou administrative, au sens large, l'assistance et la fourniture de services, directement ou indirectement, dans le domaine administratif et financier, dans les ventes, la production et la gestion en général;
- B) l'intervention en tant qu'intermédiaire lors de négociations, par la reprise partielle ou totale d'actions ou de parts, au sens le plus large, la participation à des opérations d'émission d'actions, de parts et de titre à revenus fixes, par voie de souscription, de cautionnement, d'achat et de vente ou autrement, ainsi que la réalisation de toutes opérations, quelle que soit leur nature, en matière de gestion de portefeuilles ou de capitaux;
- C) l'exercice de toutes missions d'administration et l'exercice de mandats et de fonctions dans d'autres sociétés;
- D) la gestion d'un patrimoine immobilier ainsi que toutes les opérations se rapportant directement et indirectement à cet objet et qui sont de nature à favoriser le rapport des biens immeubles, tels que l'entretien, le développement, l'embellissement et la location des biens; elle pourra également se porter caution des engagements contractés par des tiers qui auraient la jouissance des biens immeubles concernés;
- E) toute activité de production, de fourniture de services et de formation dans le domaine informatique et de gestion;
- F) d'agir comme intermédiaire dans le domaine des assurances, en qualité de courtier ou d'agent en assurances.
- L'exécution de toutes opérations commerciales, industrielles, immobilières, mobilières ou financières qui directement ou indirectement sont liées ou apparentées à son objet ou susceptibles d'en faciliter la réalisation.
- Elle peut s'intéresser, par voie d'apport, de participation, de fusion, de souscription ou par tout autre moyen, dans toutes sociétés, entreprises ou associations ayant un objet similaire ou connexe ou qui sont simplement utiles pour la réalisation partielle ou totale de son objet social.
- Cette énumération n'étant nullement limitative, elle doit être interprétée dans le sens le plus large du terme et la société pourra effectuer toutes les opérations susceptibles de quelque manière que ce soit, de favoriser la réalisation de son objet social.
- Elle pourra réaliser son objet, tant en Belgique qu'à l'étranger, de toutes les manière et suivant les modalités qui lui paraîtront les mieux
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IGEFA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “6 ans, 3” (deed in French)“Rémunération des administrateurs, si et dans quelle mesure mandat rémunéré par indemnité fixe ou variable” (deed in French)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Actions, usufruitier et nu-propriétaire inscrits séparément avec mention de leurs droits respectifs” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Sauf ce qui serait dit dans un pacte d'actionnaire” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of March at 16:00