IGEFRAN
ActiveSummary
IGEFRAN has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,315 and a net result of €512. Its solvency ranks better than 34% of 1,823 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- €9,315
- Profit
- €512
Why 64raises risk1 change of registered office in 24 monthslowers riskSize: total assets €74,283Founded in 1996Figures for financial year 2025 (filed 26-08-2026)Show the evidence
Checked score
About 1 in 100 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 77, micro): better than 30% on solvency, 11% on liquidity and 50% on profitability.
The bankruptcy probability was computed on 29-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered office · Legal-form change ·…Resignations: Nicole MICHEL (director) and…
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426453.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 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 1.2% 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 3,984 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 | 2025 |
|---|---|
| Goods, raw materials, services and sundry goods60/61 | €14,734 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,885 |
| Gross operating margin9900 | €11,700 |
| Operating profit (loss)9901 | €1,815 |
| Financial charges65/66B | €1,303 |
| Recurring financial charges65 | €1,303 |
| Profit (loss) for the period before taxes9903 | €512 |
| Profit (loss) for the period9904 | €512 |
| Profit (loss) for the period to be appropriated9905 | €512 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €74,283 | |
| Fixed assets21/28 | €65,371 | |
| Tangible fixed assets22/27 | €65,371 | |
| Plant, machinery and equipment23 | €17,371 | |
| Furniture and vehicles24 | €48,000 | |
| Current assets29/58 | €8,912 | |
| Amounts receivable within one year40/41 | €8,675 | |
| Trade receivables40 | €8,675 | |
| Cash at bank and in hand54/58 | €237 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €74,283 | |
| Equity10/15 | €9,315 | |
| Contributions10/11 | €3,098 | |
| Reserves13 | €750 | |
| Non-distributable reserves130/1 | €750 | |
| Reserves not available under the articles1311 | €750 | |
| Profit (loss) carried forward14 | €5,467 | |
| Amounts payable17/49 | €64,968 | |
| Amounts payable after more than one year17 | €8,571 | |
| Financial debts170/4 | €8,571 | |
| Amounts payable within one year42/48 | €56,397 | |
| Trade debts44 | €5,425 | |
| Suppliers440/4 | €5,425 | |
| Taxes, remuneration and social security45 | €270 | |
| Taxes450/3 | €270 | |
| Other amounts payable47/48 | €50,702 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €512 |
| + Depreciation and write-downs630 | €9,885 |
| Operating cash flow (approximation) | €10,397 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00426453 |
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
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| François SCHMITZ |
|
| Gérald SCHMITZ |
|
| Francis SCHMITZ |
|
| Nicole MICHEL |
|
Owners and capital
Capital and shareholders
- 31-03-2026 Converted to unavailable equity
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
31-03
Gazette deed
Registered office · Legal-form change · Resignations & appointmentsResignations: Nicole MICHEL (director) and Francis SCHMITZ (director) · Reappointments: SCHMITZ Gérald (director) and SCHMITZ François (director) · Incorporation16 facts ▸
- General meeting, “BE0459.314.992, Liège division Arlon” (deed in French)
- Incorporation, 12-11-1996
- Legal-form conversion, “société coopérative” (deed in French)
- Auditor report, “expert-comptable externe certifié, état résumant la situation active et passive” (deed in French)
- Other provision, “rapport de l’organe d’administration relatif à la transformation, organe d’administration” (deed in French)
- Approval, “connaissance,absence d’observations,adhésion,annexe et dépôt des rapports, exemplaire du rapport de l’expert-comptable externe et exemplaire du rapport de l’org…” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital, €8,486.81
- Director resignation, Nicole MICHEL (director)
- Director resignation, Francis SCHMITZ (director)
- Director reappointment, SCHMITZ Gérald (director (not named in the articles))
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Licences in the Official Gazette
1 publicationEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 85008B0402/00N000 | Wallonia | 2,314 m² | 1 · 88 m² | - |
| 85008A1061/00A000 | Wallonia | 93 m² | 1 · 71 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IGEFRAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Sans recours, assemblée_générale” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Personnes répondant aux conditions article 11 pour devenir actionnaire, assemblée générale ordinaire” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction désignés comme liquidateurs en vertu…” (deed in French)