IgNi
ActiveSummary
The computed 12-month bankruptcy probability of IgNi is 2.8% (moderate). The 2024 annual accounts show equity of €2,116 and a net result of €3,011. Its solvency ranks better than 13% of 9974 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-10
Solvency27▼-29
Growth32
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.88 against 0.78 in 2023; short-term debt: 90.8% and cash: 2% of total assets), and 98.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
1.5%
Return on assets
2.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9974 sector peers (2024).
NBB · sector comparisonPosition among 9974 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
222 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 132 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Financials · fiscal year 2024, micro schema
Equity
€2,116▼ 85.4%
2023 · €14,497
Total assets
€136,907▲ 188%
2023 · €47,531
Net result
€3,011▼ 33.0%
2023 · €4,497
Working capital
-€15,463▼ 312%
2023 · -€3,752
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
Line20232024
Operating result€5,089-€6,383▲ 25.4%
Net result€4,497-€3,011▼ 33.0%
Equity€14,497-€2,116▼ 85.4%
Total assets€47,531-€136,907▲ 188%
Debt€33,034-€134,791▲ 308%
Working capital-€3,752--€15,463▼ 312%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,907
Fixed assets
€28,122 ▼ 18.1%
Current assets
€108,785 ▲ 724%
Equity and liabilities €136,907
Equity
€2,116 ▼ 85.4%
Debt
€134,791 ▲ 308%
Debt's share of the balance-sheet total rises from 69.5% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,983▲
2023 · €12,123
Cash flow
€11,612▲
2023 · €11,531
Current ratio
0.88▲
2023 · 0.78
Debt to equity
63.70▲
2023 · 2.28
ROE
142.3%▲
2023 · 31.0%
ROA
2.2%▼
2023 · 9.5%
Interest coverage
12.10▼
2023 · 20.45
Debt ≤ 1 year
€124,248▲
2023 · €16,948
Debt > 1 year
€10,542▼
2023 · €16,086
Income taxes
€2,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.1%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,058 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% | 1.6% |
| 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 74% 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 2,136 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,034 | €8,600 | ▲ 22.3% |
| Other operating charges640/8 | €2,575 | €4,074 | ▲ 58.2% |
| Gross operating margin9900 | €14,698 | €19,057 | ▲ 29.7% |
| Operating profit (loss)9901 | €5,089 | €6,383 | ▲ 25.4% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €593 | €1,238 | ▲ 109% |
| Recurring financial charges65 | €593 | €1,238 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €4,497 | €5,145 | ▲ 14.4% |
| Income taxes67/77 | - | €2,133 | - |
| Profit (loss) for the period9904 | €4,497 | €3,011 | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €4,497 | €3,011 | ▼ 33.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €47,531 | €136,907 | ▲ 188% |
| Fixed assets21/28 | €34,334 | €28,122 | ▼ 18.1% |
| Tangible fixed assets22/27 | €34,334 | €28,122 | ▼ 18.1% |
| Plant, machinery and equipment23 | - | €2,061 | - |
| Furniture and vehicles24 | €34,334 | €26,061 | ▼ 24.1% |
| Current assets29/58 | €13,197 | €108,785 | ▲ 724% |
| Amounts receivable within one year40/41 | €13,197 | €104,700 | ▲ 693% |
| Trade receivables40 | €11,543 | €91,154 | ▲ 690% |
| Other amounts receivable41 | €1,654 | €13,546 | ▲ 719% |
| Cash at bank and in hand54/58 | - | €2,700 | - |
| Deferred charges and accrued income490/1 | - | €1,385 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €47,531 | €136,907 | ▲ 188% |
| Equity10/15 | €14,497 | €2,116 | ▼ 85.4% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €4,497 | -€7,884 | ▼ 275% |
| Amounts payable17/49 | €33,034 | €134,791 | ▲ 308% |
| Amounts payable after more than one year17 | €16,086 | €10,542 | ▼ 34.5% |
| Financial debts170/4 | €16,086 | €10,542 | ▼ 34.5% |
| Amounts payable within one year42/48 | €16,948 | €124,248 | ▲ 633% |
| Current portion of amounts payable after more than one year42 | €5,372 | €5,543 | ▲ 3.2% |
| Trade debts44 | €487 | €92,954 | ▲ 18,985% |
| Suppliers440/4 | €487 | €92,954 | ▲ 18,985% |
| Taxes, remuneration and social security45 | €1,400 | €22,181 | ▲ 1,484% |
| Taxes450/3 | €1,400 | €22,181 | ▲ 1,484% |
| Other amounts payable47/48 | €9,689 | €3,570 | ▼ 63.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,497 | €3,011 | ▼ 33.0% |
| + Depreciation and write-downs630 | €7,034 | €8,600 | ▲ 22.3% |
| Operating cash flow (approximation) | €11,531 | €11,612 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€2,388 | - |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 222 days late
NBB filing
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, Antwerpen · 1 establishment unit since 2023
Ground area
693 m²
Building footprint
357 m²
Volume, LiDAR
6,227 m³
Parcel 11313B1039/00G008, Flanders · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IgNi BV
since 20232.340.692.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B1039/00G008 | Flanders | 693 m² | 1 · 356 m² | 20.5 m · 6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 123 EUR awarded · 123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 123 EUR | 123 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 3,515 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
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43990Other specialised construction activities
73300Public relations and communication consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797002379
Also
9925:BE0797002379
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.