IGNB
ActiveSummary
IGNB has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of €200,014. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, full format
Turnover
€1,582▼ 42.2%
2024 · €2,736
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€200,014▼ 72.0%
2024 · €713,327
Working capital
-€167,720▲ 13.0%
2024 · -€192,735
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €5,618 in 2025 against €10,905 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.002m
2025
Operating result-€0.006m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.8m
2025
Equity€4.6m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.2m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.003m€0.002m▼ 42.2%
Operating result-€0.004m--€0.004m▲ 5.5%-€0.003m▲ 10.1%-€0.004m▼ 29.8%-€0.005m▼ 27.4%-€0.01m▼ 99.1%-€0.006m▲ 48.5%
Net result€0.4m-€0.1m▼ 67.7%-€0.003m€0.7m€0.5m▼ 30.7%€0.7m▲ 40.5%€0.2m▼ 72.0%
Equity€4.8m-€4.8m=€4.8m▼ 0.1%€4.8m▼ 0.1%€4.8m▲ 0.2%€4.6m▼ 4.3%€4.6m▲ 0.5%
Total assets€5.2m-€4.9m▼ 5.7%€4.8m▼ 2.9%€5.5m▲ 15.3%€5.3m▼ 4.1%€4.8m▼ 9.6%€4.8m=
Debt€0.4m-€0.1m▼ 67.9%€0.001m▼ 99.4%€0.7m▲ 848×€0.5m▼ 32.1%€0.2m▼ 60.4%€0.2m▼ 11.7%
Working capital€0.01m-€0.01m▲ 17.9%€0.01m▼ 23.4%€0.006m▼ 32.7%€0.01m▲ 116%-€0.2m-€0.2m▲ 13.0%
Why a figure moved sharply
- 2025 Net result -72% on 2024. The previous financial year ran 18 months, this one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€4.8m =
Current assets
€7,280 ▲ 35.7%
Equity and liabilities €4.8m
Equity
€4.6m ▲ 0.5%
Debt
€175,000 ▼ 11.7%
Debt's share of the balance-sheet total falls from 4.2% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.04▲
2024 · 0.03
Debt to equity
0.04▼
2024 · 0.04
ROE
4.4%▼
2024 · 15.6%
ROA
4.2%▼
2024 · 15.0%
Debt ≤ 1 year
€175,000▼
2024 · €198,100
Income taxes
€76
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €153 | - | €2,736 | €1,582 | ▼ 42.2% |
| Turnover70 | - | - | - | - | - | €2,736 | €1,582 | ▼ 42.2% |
| Other operating income74 | - | - | - | €153 | - | - | - | - |
| Operating charges60/66A | - | - | - | €4,452 | €5,476 | €13,641 | €7,200 | ▼ 47.2% |
| Services and other goods61 | - | - | - | €3,584 | €4,608 | €11,713 | €6,201 | ▼ 47.1% |
| Other operating charges640/8 | - | - | - | €868 | €868 | €1,928 | €998 | ▼ 48.2% |
| Operating profit (loss)9901 | -€3,897 | -€3,682 | -€3,311 | -€4,299 | -€5,476 | -€10,905 | -€5,618 | ▲ 48.5% |
| Financial income75/76B | - | - | - | €737,205 | €513,031 | €724,232 | €205,709 | ▼ 71.6% |
| Recurring financial income75 | €442,778 | €185 | €9 | €737,205 | €513,031 | €724,232 | €205,709 | ▼ 71.6% |
| Income from financial fixed assets750 | - | - | - | €737,205 | €31 | €2,232 | €509 | ▼ 77.2% |
| Income from current assets751 | - | - | - | - | €513,000 | €722,000 | €205,200 | ▼ 71.6% |
| Financial charges65/66B | - | - | - | €63 | - | - | - | - |
| Recurring financial charges65 | €20 | - | - | €63 | - | - | - | - |
| Debt charges650 | €20 | - | - | - | - | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €63 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €438,861 | -€3,497 | -€3,302 | €732,843 | €507,555 | €713,327 | €200,090 | ▼ 71.9% |
| Income taxes67/77 | - | -€145,411 | - | - | €5 | - | €76 | - |
| Taxes670/3 | - | - | - | - | €5 | - | €76 | - |
| Profit (loss) for the period9904 | €438,861 | €141,914 | -€3,302 | €732,843 | €507,550 | €713,327 | €200,014 | ▼ 72.0% |
| Profit (loss) for the period to be appropriated9905 | €438,861 | €141,914 | -€3,302 | €732,843 | €507,550 | €713,327 | €200,014 | ▼ 72.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.2m | €4.9m | €4.8m | €5.5m | €5.3m | €4.8m | €4.8m | = |
| Fixed assets21/28 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Financial fixed assets28 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Affiliated companies280/1 | - | - | - | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Participating interests280 | - | - | - | €4.8m | €4.8m | €4.8m | €4.8m | = |
| Current assets29/58 | €0.4m | €0.2m | €0.01m | €0.7m | €0.5m | €0.005m | €0.007m | ▲ 35.7% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.001m | - | - | €335 | €0.001m | ▲ 118% |
| Trade receivables40 | - | - | - | - | - | - | €395 | - |
| Other amounts receivable41 | - | - | - | - | - | €335 | €335 | = |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.01m | €0.7m | €0.5m | €0.005m | €0.007m | ▲ 39.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €342 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.2m | €4.9m | €4.8m | €5.5m | €5.3m | €4.8m | €4.8m | = |
| Equity10/15 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.6m | €4.6m | ▲ 0.5% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | €2.9m | €2.9m | ▲ 0.9% |
| Amounts payable17/49 | €0.4m | €0.1m | €0.001m | €0.7m | €0.5m | €0.2m | €0.2m | ▼ 11.7% |
| Amounts payable within one year42/48 | €0.4m | €0.1m | €0.001m | €0.7m | €0.5m | €0.2m | €0.2m | ▼ 11.7% |
| Trade debts44 | - | €0.001m | €0.001m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.5m | €0.2m | €0.2m | ▼ 11.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €438,861 | €141,914 | -€3,302 | €732,843 | €507,550 | €713,327 | €200,014 | ▼ 72.0% |
| Operating cash flow (approximation) | €438,861 | €141,914 | -€3,302 | €732,843 | €507,550 | €713,327 | €200,014 | ▼ 72.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€294,803 | -€142,739 | €732,548 | -€228,450 | -€509,350 | €1,861 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00288910 |
| 31-12-2024 | full format | 08-08-2025 | 2025-00365812 |
| 30-06-2023 | full format | 22-12-2023 | 2023-00535483 |
| 30-06-2022 | full format | 28-11-2022 | 2022-20526014 |
| 30-06-2021 | full format | 30-12-2021 | 2021-82200098 |
| 30-06-2020 | full format | 01-02-2021 | 2021-03200549 |
| 30-06-2019 | full format | 08-01-2020 | 2020-00400253 |
| 30-06-2018 | full format | 15-11-2018 | 2018-72100402 |
| 30-06-2017 | full format | 24-11-2017 | 2017-70100088 |
| 30-06-2016 | full format | 25-11-2016 | 2016-68300394 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.