Igelec
ActiveThe computed 12-month bankruptcy probability of Igelec is 2.6% (moderate). The 2025 annual accounts show equity of €30k and a net result of €19k. Its solvency ranks better than 22% of 27319 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency32▲+14
Growth78
Stability94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.02 in 2024), and 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27319 sector peers (2025).
NBB · sector comparisonPosition among 27319 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
4 d early
2024
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 190%
2024 · €10k
2024: €10k
2024 → 2025
Total assets
€142k▲ 42.7%
2024 · €100k
2024: €100k
2024 → 2025
Net result
€19k▲ 89.7%
2024 · €10k
2024: €10k
2024 → 2025
Working capital
€23k▲ 1,558%
2024 · €1k
2024: €1k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€10k-€30k▲ 190%
Operating result€16k-€29k▲ 81.9%
Net result€10k-€19k▲ 89.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 82% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€11k▼ 38.6%
Current assets
€131k▲ 61.4%
Equity and liabilities €142k
Equity
€30k▲ 190%
Debt
€112k▲ 25.8%
The debt ratio falls from 89.7% to 79.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€38k▲
2024 · €24k
Cash flow
€29k▲
2024 · €18k
Solvency
20.8%▲
2024 · 10.3%
Current ratio
1.21▲
2024 · 1.02
Quick ratio
1.20▲
2024 · 1.02
Debt / equity
3.80▼
2024 · 8.75
ROE
65.5%▼
2024 · 100.0%
ROA
13.6%▲
2024 · 10.3%
Interest coverage
8.03▲
2024 · 7.73
Debt
€112k▲
2024 · €89k
Debt ≤ 1 year
€108k▲
2024 · €80k
Debt > 1 year
€5k▼
2024 · €10k
Income taxes
€5k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€100k€142k▲
Fixed assets21/28€19k€11k▼
Tangible fixed assets22/27€19k€11k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€12k€7k▼
Current assets29/58€81k€131k▲
Amounts receivable after more than one year29-€3k
Other amounts receivable291-€3k
Stocks and contracts in progress3-€1k
Stocks30/36-€1k
Amounts receivable within one year40/41€79k€122k▲
Trade receivables40€67k€108k▲
Other amounts receivable41€11k€15k▲
Cash at bank and in hand54/58€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€100k€142k▲
Equity10/15€10k€30k▲
Profit (loss) carried forward14€10k€30k▲
Amounts payable17/49€89k€112k▲
Amounts payable after more than one year17€10k€5k▼
Financial debts170/4€10k€5k▼
Amounts payable within one year42/48€80k€108k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€71k€96k▲
Suppliers440/4€71k€96k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€929€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€147€239▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€27k€38k▲
Operating profit (loss)9901€16k€29k▲
Financial income75/76B€220€449▲
Recurring financial income75€220€449▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€13k€24k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€10k€19k▲
Profit (loss) for the period to be appropriated9905€10k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€30k▲
Profit (loss) brought forward from the previous period14P-€10k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
NBB filing
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, Grimbergen · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoveniersstraat 471853 GrimbergenGround area
378 m²
Building footprint
107 m²
Volume, LiDAR
626 m³
Parcel 23084A0213/00T000, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Igelec
since 20232.344.073.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0213/00T000 | Flanders | 378 m² | 1 · 107 m² | 13.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AJKELEC
BE 0782.672.313
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SCE
BE 0882.800.859
Pelt · Eq €30k
BRS Concept
BE 0817.420.186
Zaventem · Eq €30k
CINFO
BE 0838.296.467
Nassogne · Eq €30k
SATEL DIGITAL
BE 0846.762.587
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,904 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2023
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.