IGG-SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of IGG-SOLUTIONS is 8.3% (elevated). The 2024 annual accounts show negative equity (-€21,423) and a net result of -€12,041. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 18932 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
8.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 1.17 in 2023; short-term debt: 176.6% and cash: 24.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-76.6%
Return on assets
-43.1%
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€21,423
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
91 d late
2022
65 d late
2021
303 d late
2020
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 116 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€21,423▼ 128%
2023 · -€9,381
Total assets
€27,961▼ 24.5%
2023 · €37,019
Net result
-€12,041▼ 24.8%
2023 · -€9,645
Working capital
-€21,423
2023 · €5,294
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-€13,083-€4,261€3,123▼ 26.7%-€9,298-€11,659▼ 25.4%
Net result-€14,284-€6,807€2,741▼ 59.7%-€9,645-€12,041▼ 24.8%
Equity-€9,284--€2,477▲ 73.3%€264-€9,381-€21,423▼ 128%
Total assets€12,705-€20,059▲ 57.9%€44,091▲ 120%€37,019▼ 16.0%€27,961▼ 24.5%
Debt€21,988-€22,536▲ 2.5%€43,827▲ 94.5%€46,401▲ 5.9%€49,384▲ 6.4%
Working capital-€9,284--€2,477▲ 73.3%€264€5,294▲ 1,906%-€21,423
Staff (FTE)0.3-0.61▲ 66.7%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,659 in 2024 against €9,298 in 2023; the loss grows.
Key figures and ratios
Solvency
-76.6%▼
2023 · -25.3%
Current ratio
0.57▼
2023 · 1.17
Quick ratio
0.44▼
2023 · 0.97
Debt to equity
-2.31▲
2023 · -4.95
ROA
-43.1%▼
2023 · -26.1%
Debt ≤ 1 year
€49,384▲
2023 · €31,725
Staff costs
€38,965▲
2023 · €34,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,814 | €20,099 | €34,175 | €38,965 | ▲ 14.0% |
| Other operating charges640/8 | - | €5,193 | €10,184 | €34,665 | €18,842 | ▼ 45.6% |
| Non-recurring operating charges66A | - | €623 | - | - | - | - |
| Gross operating margin9900 | -€8,185 | €23,890 | €33,406 | €59,542 | €46,147 | ▼ 22.5% |
| Operating profit (loss)9901 | -€13,083 | €4,261 | €3,123 | -€9,298 | -€11,659 | ▼ 25.4% |
| Financial income75/76B | - | €2,613 | - | - | - | - |
| Recurring financial income75 | - | €2,613 | - | - | - | - |
| Financial charges65/66B | - | €67 | €382 | €347 | €382 | ▲ 10.1% |
| Recurring financial charges65 | €1,200 | €67 | €382 | €347 | €382 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | -€14,284 | €6,807 | €2,741 | -€9,645 | -€12,041 | ▼ 24.8% |
| Profit (loss) for the period9904 | -€14,284 | €6,807 | €2,741 | -€9,645 | -€12,041 | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | -€14,284 | €6,807 | €2,741 | -€9,645 | -€12,041 | ▼ 24.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,705 | €20,059 | €44,091 | €37,019 | €27,961 | ▼ 24.5% |
| Current assets29/58 | €12,705 | €20,059 | €44,091 | €37,019 | €27,961 | ▼ 24.5% |
| Stocks and contracts in progress3 | €4,255 | €3,630 | €3,630 | €6,130 | €6,280 | ▲ 2.4% |
| Stocks30/36 | - | €3,630 | €3,630 | €6,130 | €6,280 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €4,790 | €5,203 | €24,999 | €14,998 | €10,400 | ▼ 30.7% |
| Trade receivables40 | - | €1,097 | €22,523 | €4,567 | - | - |
| Other amounts receivable41 | - | €4,106 | €2,476 | €10,431 | €10,400 | ▼ 0.3% |
| Current investments50/53 | - | - | - | €10 | €10 | = |
| Cash at bank and in hand54/58 | €3,660 | €11,226 | €10,963 | €11,381 | €6,771 | ▼ 40.5% |
| Deferred charges and accrued income490/1 | - | - | €4,500 | €4,500 | €4,500 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,705 | €20,059 | €44,091 | €37,019 | €27,961 | ▼ 24.5% |
| Equity10/15 | -€9,284 | -€2,477 | €264 | -€9,381 | -€21,423 | ▼ 128% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€14,284 | -€7,477 | -€4,736 | -€14,381 | -€26,423 | ▼ 83.7% |
| Amounts payable17/49 | €21,988 | €22,536 | €43,827 | €46,401 | €49,384 | ▲ 6.4% |
| Amounts payable within one year42/48 | €21,988 | €22,536 | €43,827 | €31,725 | €49,384 | ▲ 55.7% |
| Trade debts44 | €1,254 | €13,942 | €34,867 | €26,551 | €12,806 | ▼ 51.8% |
| Suppliers440/4 | - | €13,942 | €34,867 | €26,551 | €12,806 | ▼ 51.8% |
| Taxes, remuneration and social security45 | - | - | €1,282 | €5,174 | €702 | ▼ 86.4% |
| Taxes450/3 | - | - | €1,282 | €5,174 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €702 | - |
| Other amounts payable47/48 | - | €8,594 | €7,678 | - | €35,876 | - |
| Accrued charges and deferred income492/3 | - | - | - | €14,676 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,284 | €6,807 | €2,741 | -€9,645 | -€12,041 | ▼ 24.8% |
| Operating cash flow (approximation) | -€14,284 | €6,807 | €2,741 | -€9,645 | -€12,041 | ▼ 24.8% |
| Change in cash | - | €7,566 | -€264 | €418 | -€4,610 | ▼ 1,202% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 303 days late
2021
31-12
Financial
Back to profitnet €6,807
Net result €6,807 after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 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, Farciennes · 1 establishment unit since 2020
Ground area
671 m²
Building footprint
137 m²
Parcel 52018D0046/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Peoples House
since 20202.305.878.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52018D0046/00G002 | Wallonia | 671 m² | 1 · 137 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFarciennes2.305.878.654
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748439726
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.