IGNACE HUGAERTS
ActiveIGNACE HUGAERTS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €-6k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 9.05; short-term debt: 8.3% and cash: 67.4% of total assets), and 8.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
55 d early
2023
57 d early
2022
55 d early
2021
47 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▼ 11.9%
2024 · €119k
2018: €74k
2019: €87k
2020: €97k
2021: €98k
2022: €105k
2023: €116k
2024: €119k
2018 → 2025
Total assets
€114k▼ 4.6%
2024 · €120k
2018: €76k
2019: €88k
2020: €101k
2021: €111k
2022: €108k
2023: €116k
2024: €120k
2018 → 2025
Net result
€-6k
2024 · €3k
2018: €14k
2019: €13k
2020: €10k
2021: €8k
2022: €7k
2023: €11k
2024: €3k
2018 → 2025
Working capital
€76k▼ 7.6%
2024 · €82k
2018: €57k
2019: €73k
2020: €86k
2021: €90k
2022: €95k
2023: €72k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€105k▲ 6.7%€116k▲ 10.3%€119k▲ 2.8%€105k▼ 11.9%
Operating result€11k-€8k▼ 26.2%€14k▲ 71.6%€5k▼ 68.2%€-5k
Net result€8k-€7k▼ 22.2%€11k▲ 64.5%€3k▼ 70.6%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€28k▼ 21.7%
Current assets
€86k▲ 2.9%
Equity and liabilities €114k
Equity
€105k▼ 11.9%
Debt
€9k▲ 1,055%
The debt ratio rises from 0.7% to 8.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €13k
Cash flow
€2k▼
2024 · €11k
Solvency
91.7%▼
2024 · 99.3%
Current ratio
9.05
Quick ratio
9.05
Debt / equity
0.09▲
2024 · 0.01
ROE
-5.3%▼
2024 · 2.7%
ROA
-4.9%▼
2024 · 2.7%
Interest coverage
14.38▼
2024 · 69.60
Debt
€9k▲
2024 · €820
Debt ≤ 1 year
€9k▲
2024 · €820
Income taxes
€78▼
2024 · €1k
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€120k€114k▼
Fixed assets21/28€36k€28k▼
Tangible fixed assets22/27€36k€28k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€29k€24k▼
Other tangible fixed assets26€720€0▼
Financial fixed assets28€160€160=
Current assets29/58€83k€86k▲
Amounts receivable within one year40/41€13k€4k▼
Trade receivables40€9k€0▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€68k€77k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€120k€114k▼
Equity10/15€119k€105k▼
Contributions10/11€19k€19k=
Reserves13€100k€86k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€98k€84k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€820€9k▲
Amounts payable within one year42/48€820€9k▲
Trade debts44€820€741▼
Suppliers440/4€820€741▼
Taxes, remuneration and social security45€0€149▲
Taxes450/3€0€149▲
Other amounts payable47/48-€9k
Accrued charges and deferred income492/3-€12
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€417€465▲
Gross operating margin9900€13k€3k▼
Operating profit (loss)9901€5k€-5k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€181€177▼
Recurring financial charges65€181€177▼
Profit (loss) for the period before taxes9903€4k€-6k▼
Income taxes67/77€1k€78▼
Profit (loss) for the period9904€3k€-6k▼
Profit (loss) for the period to be appropriated9905€3k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-6k▼
Transfer from equity791/2-€14k
Transfer to equity691/2€3k€0▼
To other reserves6921€3k€0▼
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
The notes to these accounts (13 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-6k ▼275%
Net result drops to €-6k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 14current ratio 376.66
Current ratio from 27.80 to 376.66; short-term debt falls from €4k to €192.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 27.80
Current ratio from 8.07 to 27.80; short-term debt falls from €13k to €4k.
31-12
Financial
Equity above €100kEq €105k ▲6.7%
5 profitable years in a row build equity to €105k.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 76.09
Current ratio from 24.93 to 76.09; short-term debt falls from €2k to €978.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lubbeek · 1 establishment unit since 1989
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.
Dorpsstraat(LUB) 883210 LubbeekGround area
2,737 m²
Building footprint
221 m²
Volume, LiDAR
955 m³
Parcel 24066E0254/00X000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dorpsstraat(LUB) 88, 3210 Lubbeek
since 19892.043.529.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0254/00X000 | Flanders | 2,737 m² | 1 · 221 m² | 6.1 m · 1 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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CALCUTEK
BE 0455.701.644
Wellen · Eq €105k
Bouwwerken Verbreucken
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CIRECO
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,094 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-1989
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.