IGest
ActiveSummary
The computed 12-month bankruptcy probability of IGest is 1.6% (moderate). The 2024 annual accounts show equity of €610,498 and a net result of -€16,226. Equity is shrinking by ~2.6% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.75 against 12.57 in 2023; short-term debt: 1% and cash: 4.2% of total assets), and 1% 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 · 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 2024Solvency, return and age of the figures
Solvency
99%
Return on assets
-2.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€16,226
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 17-06-2025, 44 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
49 d early
2022
2 d late
2021
5 d late
2020
2 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€16,226▲ 50.5%
2023 · -€32,810
Working capital
€23,037▼ 61.0%
2023 · €59,128
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
Line20202021202220232024
Operating result-€10,915▲ 14.8%-€4,202▲ 61.5%-€20,684▼ 392%-€32,365▼ 56.5%-€15,760▲ 51.3%
Net result-€11,084▲ 16.2%-€4,411▲ 60.2%-€20,910▼ 374%-€32,810▼ 56.9%-€16,226▲ 50.5%
Equity€684,854▼ 1.6%€680,443▼ 0.6%€659,533▼ 3.1%€626,724▼ 5.0%€610,498▼ 2.6%
Total assets€686,004▼ 2.2%€683,893▼ 0.3%€665,730▼ 2.7%€631,832▼ 5.1%€616,635▼ 2.4%
Debt€1,150▼ 78.5%€3,450▲ 200%€6,197▲ 79.6%€5,109▼ 17.6%€6,137▲ 20.1%
Working capital€46,692▲ 186%€46,382▼ 0.7%€67,205▲ 44.9%€59,128▼ 12.0%€23,037▼ 61.0%
Staff (FTE)0.50.5=0.5=0.1▼ 80.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,760 in 2024 against €32,365 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €616,635
Fixed assets
€587,461 ▲ 3.5%
Current assets
€29,174 ▼ 54.6%
Equity and liabilities €616,635
Equity
€610,498 ▼ 2.6%
Debt
€6,137 ▲ 20.1%
Debt's share of the balance-sheet total rises from 0.8% to 1.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,155▲
2023 · €9,368
Cash flow
€23,690▲
2023 · €8,923
Current ratio
4.75▼
2023 · 12.57
Debt to equity
0.01▲
2023 · 0.01
ROE
-2.7%▲
2023 · -5.2%
ROA
-2.6%▲
2023 · -5.2%
Interest coverage
51.92▲
2023 · 21.04
Debt ≤ 1 year
€6,137▲
2023 · €5,109
Staff costs
€6,920▼
2023 · €22,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 3,442 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €1,787 | €3,069 | €7,029 | €2,265 | ▼ 67.8% |
| Remuneration, social security and pensions62 | - | €6,356 | €20,185 | €22,831 | €6,920 | ▼ 69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,530 | €41,732 | €41,732 | €41,732 | €39,916 | ▼ 4.4% |
| Other operating charges640/8 | - | €4,052 | €5,973 | €8,674 | €6,738 | ▼ 22.3% |
| Gross operating margin9900 | €37,160 | €47,938 | €47,206 | €40,873 | €37,813 | ▼ 7.5% |
| Operating profit (loss)9901 | -€10,915 | -€4,202 | -€20,684 | -€32,365 | -€15,760 | ▲ 51.3% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €209 | €225 | €445 | €465 | ▲ 4.5% |
| Recurring financial charges65 | €169 | €209 | €225 | €445 | €465 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€11,084 | -€4,411 | -€20,910 | -€32,810 | -€16,226 | ▲ 50.5% |
| Profit (loss) for the period9904 | -€11,084 | -€4,411 | -€20,910 | -€32,810 | -€16,226 | ▲ 50.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,084 | -€4,411 | -€20,910 | -€32,810 | -€16,226 | ▲ 50.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €686,004 | €683,893 | €665,730 | €631,832 | €616,635 | ▼ 2.4% |
| Fixed assets21/28 | €638,162 | €634,061 | €592,328 | €567,596 | €587,461 | ▲ 3.5% |
| Tangible fixed assets22/27 | €638,162 | €634,061 | €592,328 | €567,596 | €587,461 | ▲ 3.5% |
| Land and buildings22 | - | €634,061 | €592,328 | €567,596 | €587,461 | ▲ 3.5% |
| Current assets29/58 | €47,842 | €49,832 | €73,402 | €64,236 | €29,174 | ▼ 54.6% |
| Amounts receivable within one year40/41 | - | €175 | €175 | €175 | €175 | = |
| Other amounts receivable41 | - | €175 | €175 | €175 | €175 | = |
| Cash at bank and in hand54/58 | €47,842 | €49,657 | €73,227 | €64,061 | €25,999 | ▼ 59.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €686,004 | €683,893 | €665,730 | €631,832 | €616,635 | ▼ 2.4% |
| Equity10/15 | €684,854 | €680,443 | €659,533 | €626,724 | €610,498 | ▼ 2.6% |
| Contributions10/11 | €125,063 | €125,063 | €125,063 | €125,063 | €125,063 | = |
| Capital10 | - | €125,063 | €125,063 | - | - | - |
| Issued capital100 | - | €125,063 | €125,063 | - | - | - |
| Reserves13 | €531,958 | €531,958 | €531,958 | €531,958 | €531,958 | = |
| Non-distributable reserves130/1 | - | €12,506 | €12,506 | - | - | - |
| Legal reserve130 | - | €12,506 | €12,506 | - | - | - |
| Distributable reserves133 | - | €519,451 | €519,451 | €531,958 | €531,958 | = |
| Profit (loss) carried forward14 | €27,834 | €23,422 | €2,513 | -€30,297 | -€46,523 | ▼ 53.6% |
| Amounts payable17/49 | €1,150 | €3,450 | €6,197 | €5,109 | €6,137 | ▲ 20.1% |
| Amounts payable within one year42/48 | €1,150 | €3,450 | €6,197 | €5,109 | €6,137 | ▲ 20.1% |
| Trade debts44 | €1,150 | €1,543 | €2,262 | €1,182 | €6,137 | ▲ 419% |
| Suppliers440/4 | - | €1,543 | €2,262 | €1,182 | €6,137 | ▲ 419% |
| Taxes, remuneration and social security45 | - | €1,906 | €3,935 | €3,927 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €0 | €0 | €0 | - |
| Remuneration and social security454/9 | - | €1,906 | €3,935 | €3,927 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,084 | -€4,411 | -€20,910 | -€32,810 | -€16,226 | ▲ 50.5% |
| + Depreciation and write-downs630 | €43,530 | €41,732 | €41,732 | €41,732 | €39,916 | ▼ 4.4% |
| Operating cash flow (approximation) | €32,446 | €37,321 | €20,823 | €8,923 | €23,690 | ▲ 166% |
| Investment in fixed assets (approximation) | - | -€37,631 | €0 | -€17,000 | -€59,781 | ▼ 252% |
| Change in cash | - | €1,815 | €23,570 | -€9,165 | -€38,063 | ▼ 315% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€32,810
Net result drops to -€32,810, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 10current ratio 41.62
Current ratio from 4.06 to 41.62; short-term debt falls from €5,343 to €1,150.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Vielsalm · 1 establishment unit since 2018
Ground area
3,002 m²
Building footprint
387 m²
Parcel 82006A0019/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IGest
since 20182.276.212.490
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82006A0019/00L000 | Wallonia | 3,002 m² | 1 · 387 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2018
Fiscal year end31-12
Contact
E-mail
francispir@skynet.beVielsalm
Phone
0496 55 29 35Vielsalm
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696835231
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.