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IGIER

Active
Private limited companyfounded 20214 yrs activeTuintjeslaan 10, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0779.405.589
Summary

IGIER has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,763 and a net result of €7,814. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability93▼-5
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 9.01 against 4.06 in 2024; short-term debt: 11% and cash: 85.7% of total assets), and 11% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
89%
Return on assets
19.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 December 2021, IGIER was incorporated as a Private limited company.1 Total assets went from EUR 33,049 in 2023 to EUR 40,165 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€35,763▲ 28.0%
2024 · €27,949
Total assets
€40,165▲ 8.9%
2024 · €36,891
Net result
€7,814▼ 8.4%
2024 · €8,533
Working capital
€35,259▲ 28.9%
2024 · €27,348
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€22,428-€11,811▼ 47.3%€10,633▼ 10.0%
Net result€14,417within the sector's middle half-€8,533below the sector's middle half▼ 40.8%€7,814below the sector's middle half▼ 8.4%
Equity€19,417below the sector's middle half-€27,949below the sector's middle half▲ 43.9%€35,763within the sector's middle half▲ 28.0%
Total assets€33,049below the sector's middle half-€36,891below the sector's middle half▲ 11.6%€40,165below the sector's middle half▲ 8.9%
Debt€13,632-€8,942▼ 34.4%€4,402▼ 50.8%
Working capital€18,351within the sector's middle half-€27,348within the sector's middle half▲ 49.0%€35,259within the sector's middle half▲ 28.9%
Solvency58.8%within the sector's middle half-75.8%within the sector's middle half▲ 17.0pp89.0%above the sector's middle half▲ 13.3pp
Current ratio2.35within the sector's middle half-4.06within the sector's middle half▲ 1.719.01above the sector's middle half▲ 4.95
Return on assets (ROA)43.6%above the sector's middle half-23.1%within the sector's middle half▼ 20.5pp19.5%within the sector's middle half▼ 3.7pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2023: €22,428€22,428Net result 2023: €14,417€14,417Operating result 2024: €11,811€11,811Net result 2024: €8,533€8,533Operating result 2025: €10,633€10,633Net result 2025: €7,814€7,814202320242025€0€10,000€20,000Operating result 2023: €22,428€22,400Net result 2023: €14,417€14,400Operating result 2024: €11,811€11,800Net result 2024: €8,533€8,530Operating result 2025: €10,633€10,600Net result 2025: €7,814€7,810202320242025
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,165
Fixed assets €504 ▼ 16.1%
Current assets €39,661 ▲ 9.3%
Equity and liabilities €40,165
Equity €35,763 ▲ 28.0%
Debt €4,402 ▼ 50.8%
Debt's share of the balance-sheet total falls from 24.2% to 11.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,074▼
2024 · €12,276
Cash flow
€8,255▼
2024 · €8,997
Debt to equity
0.12▼
2024 · 0.32
ROE
21.8%▼
2024 · 30.5%
Interest coverage
144.76▼
2024 · 170.50
Debt ≤ 1 year
€4,402▼
2024 · €8,942
Income taxes
€2,938▼
2024 · €3,207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€36,891€40,165▲
Fixed assets21/28€601€504▼
Tangible fixed assets22/27€601€504▼
Plant, machinery and equipment23€136€264▲
Furniture and vehicles24€465€240▼
Current assets29/58€36,290€39,661▲
Amounts receivable within one year40/41€8,054€5,248▼
Trade receivables40€6,683€1,627▼
Other amounts receivable41€1,371€3,621▲
Cash at bank and in hand54/58€28,236€34,413▲
Equity and liabilities
Total equity and liabilities10/49€36,891€40,165▲
Equity10/15€27,949€35,763▲
Contributions10/11€5,000€5,000=
Reserves13€10,000€10,000=
Distributable reserves133€10,000€10,000=
Profit (loss) carried forward14€12,949€20,763▲
Amounts payable17/49€8,942€4,402▼
Amounts payable within one year42/48€8,942€4,402▼
Trade debts44€4,229€877▼
Suppliers440/4€4,229€877▼
Advances received on contracts in progress46-€587
Taxes, remuneration and social security45€4,712€2,938▼
Taxes450/3€4,712€2,938▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€465€442▼
Other operating charges640/8€712€453▼
Gross operating margin9900€12,988€11,527▼
Operating profit (loss)9901€11,811€10,633▼
Financial income75/76B-€196
Recurring financial income75-€196
Financial charges65/66B€72€77▲
Recurring financial charges65€72€77▲
Profit (loss) for the period before taxes9903€11,739€10,752▼
Income taxes67/77€3,207€2,938▼
Profit (loss) for the period9904€8,533€7,814▼
Profit (loss) for the period to be appropriated9905€8,533€7,814▼
Appropriation of the result
Profit (loss) to be appropriated9906€12,949€20,763▲
Profit (loss) brought forward from the previous period14P€4,417€12,949▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,754€465€442▼ 5.0%
Other operating charges640/8€490€712€453▼ 36.4%
Gross operating margin9900€24,673€12,988€11,527▼ 11.2%
Operating profit (loss)9901€22,428€11,811€10,633▼ 10.0%
Financial income75/76B--€196-
Recurring financial income75--€196-
Financial charges65/66B€77€72€77▲ 6.3%
Recurring financial charges65€77€72€77▲ 6.3%
Profit (loss) for the period before taxes9903€22,351€11,739€10,752▼ 8.4%
Income taxes67/77€7,935€3,207€2,938▼ 8.4%
Profit (loss) for the period9904€14,417€8,533€7,814▼ 8.4%
Profit (loss) for the period to be appropriated9905€14,417€8,533€7,814▼ 8.4%
Line202320242025Change
Assets
Total assets20/58€33,049€36,891€40,165▲ 8.9%
Fixed assets21/28€1,066€601€504▼ 16.1%
Tangible fixed assets22/27€1,066€601€504▼ 16.1%
Plant, machinery and equipment23€375€136€264▲ 94.6%
Furniture and vehicles24€690€465€240▼ 48.4%
Current assets29/58€31,983€36,290€39,661▲ 9.3%
Amounts receivable within one year40/41€6,217€8,054€5,248▼ 34.8%
Trade receivables40€6,200€6,683€1,627▼ 75.7%
Other amounts receivable41€17€1,371€3,621▲ 164%
Cash at bank and in hand54/58€25,766€28,236€34,413▲ 21.9%
Equity and liabilities
Total equity and liabilities10/49€33,049€36,891€40,165▲ 8.9%
Equity10/15€19,417€27,949€35,763▲ 28.0%
Contributions10/11€5,000€5,000€5,000=
Reserves13€10,000€10,000€10,000=
Distributable reserves133€10,000€10,000€10,000=
Profit (loss) carried forward14€4,417€12,949€20,763▲ 60.3%
Amounts payable17/49€13,632€8,942€4,402▼ 50.8%
Amounts payable within one year42/48€13,632€8,942€4,402▼ 50.8%
Trade debts44€4,664€4,229€877▼ 79.3%
Suppliers440/4€4,664€4,229€877▼ 79.3%
Advances received on contracts in progress46--€587-
Taxes, remuneration and social security45€8,581€4,712€2,938▼ 37.6%
Taxes450/3€8,581€4,712€2,938▼ 37.6%
Other amounts payable47/48€387---
Line202320242025Change
Profit (loss) for the period9904€14,417€8,533€7,814▼ 8.4%
+ Depreciation and write-downs630€1,754€465€442▼ 5.0%
Operating cash flow (approximation)€16,171€8,997€8,255▼ 8.2%
Investment in fixed assets (approximation)-€0-€345-
Change in cash-€2,470€6,177▲ 150%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
29-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Weakest financial yearnet €7,814 ▼8.4%
Net result drops to €7,814, the lowest in the series.
30-09
Financial Liquidity doublescurrent ratio 9.01
Current ratio from 4.06 to 9.01; short-term debt falls from €8,942 to €4,402.
29-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
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, Watermaal-Bosvoorde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
361 m²
Building footprint
97 m²
Volume, LiDAR
1,031 m³
Parcel 21017D0072/00C003, Brussels · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IGIER
Tuintjeslaan 10, 1170 Watermaal-BosvoordeActivities of lawyers
since 20222.326.580.434
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21017D0072/00C003 Brussels 361 m² 1 · 97 m² 14.2 m · 4 fl.
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.

Similar companies · same sector, comparable size

Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 6,893 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
Founded27-12-2021
Fiscal year end30-09
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779405589
Also 9925:BE0779405589
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.