IGNITE
ActiveSummary
IGNITE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€12,987) and a net result of -€49,926. Equity is shrinking by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 2545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-64
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 1.65 in 2023; short-term debt: 120.1% and cash: 62.2% of total assets), and equity is negative.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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
-31%
Return on assets
-119%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€12,987
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
26 d early
2022
4 d early
2021
23 d early
2020
27 d late
2019
120 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€12,987
2023 · €36,939
Total assets
€41,955▼ 55.5%
2023 · €94,324
Net result
-€49,926▲ 38.8%
2023 · -€81,514
Working capital
-€8,420
2023 · €36,770
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-€57,739▼ 257%-€30,655▲ 46.9%-€20,305▲ 33.8%-€78,222▼ 285%-€46,471▲ 40.6%
Net result-€59,579▼ 239%-€33,235▲ 44.2%-€22,850▲ 31.2%-€81,514▼ 257%-€49,926▲ 38.8%
Equity€174,538▼ 25.4%€141,303▼ 19.0%€118,452▼ 16.2%€36,939▼ 68.8%-€12,987
Total assets€230,769▼ 11.8%€272,511▲ 18.1%€170,346▼ 37.5%€94,324▼ 44.6%€41,955▼ 55.5%
Debt€56,231▲ 105%€131,209▲ 133%€51,894▼ 60.4%€57,386▲ 10.6%€54,942▼ 4.3%
Working capital€172,976▼ 26.1%€194,570▲ 12.5%€116,309▼ 40.2%€36,770▼ 68.4%-€8,420
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 €46,471 in 2024 against €78,222 in 2023; the loss shrinks.
Key figures and ratios
EBITDA
-€45,702▲
2023 · -€76,848
Cash flow
-€49,157▲
2023 · -€80,140
Solvency
-31.0%▼
2023 · 39.2%
Current ratio
0.83▼
2023 · 1.65
Debt to equity
-4.23▼
2023 · 1.55
ROA
-119.0%▼
2023 · -86.4%
Interest coverage
-14.07▲
2023 · -24.32
Debt ≤ 1 year
€50,375▼
2023 · €56,786
Income taxes
€215▲
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,943 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16 | €621 | €1,390 | €1,374 | €769 | ▼ 44.0% |
| Other operating charges640/8 | - | €875 | €537 | €271 | €339 | ▲ 25.0% |
| Gross operating margin9900 | -€56,725 | -€29,159 | -€18,379 | -€76,577 | -€45,363 | ▲ 40.8% |
| Operating profit (loss)9901 | -€57,739 | -€30,655 | -€20,305 | -€78,222 | -€46,471 | ▲ 40.6% |
| Financial income75/76B | - | €18 | €35 | €0 | €9 | ▲ 4,345% |
| Recurring financial income75 | €17 | €18 | €35 | €0 | €9 | ▲ 4,345% |
| Financial charges65/66B | - | €2,481 | €2,461 | €3,160 | €3,248 | ▲ 2.8% |
| Recurring financial charges65 | €1,738 | €2,481 | €2,461 | €3,160 | €3,248 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | -€59,460 | -€33,118 | -€22,731 | -€81,382 | -€49,710 | ▲ 38.9% |
| Income taxes67/77 | €119 | €117 | €120 | €132 | €215 | ▲ 63.7% |
| Profit (loss) for the period9904 | -€59,579 | -€33,235 | -€22,850 | -€81,514 | -€49,926 | ▲ 38.8% |
| Profit (loss) for the period to be appropriated9905 | -€59,579 | -€33,235 | -€22,850 | -€81,514 | -€49,926 | ▲ 38.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,769 | €272,511 | €170,346 | €94,324 | €41,955 | ▼ 55.5% |
| Fixed assets21/28 | €1,562 | €3,533 | €2,143 | €769 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,562 | €3,533 | €2,143 | €769 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €3,533 | €2,143 | €769 | €0 | ▼ 100% |
| Current assets29/58 | €229,207 | €268,979 | €168,203 | €93,555 | €41,955 | ▼ 55.2% |
| Amounts receivable within one year40/41 | €14,078 | €36,926 | €19,786 | €353 | €13,418 | ▲ 3,698% |
| Trade receivables40 | - | €36,905 | €17,185 | €0 | €12,556 | - |
| Other amounts receivable41 | - | €21 | €2,600 | €353 | €861 | ▲ 144% |
| Cash at bank and in hand54/58 | €214,623 | €231,452 | €147,773 | €92,741 | €26,081 | ▼ 71.9% |
| Deferred charges and accrued income490/1 | - | €601 | €645 | €461 | €2,456 | ▲ 432% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,769 | €272,511 | €170,346 | €94,324 | €41,955 | ▼ 55.5% |
| Equity10/15 | €174,538 | €141,303 | €118,452 | €36,939 | -€12,987 | ▼ 135% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €64,308 | €64,308 | €64,308 | €64,308 | €64,308 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €62,448 | €62,448 | €62,448 | €62,448 | = |
| Profit (loss) carried forward14 | €91,630 | €58,395 | €35,545 | -€45,969 | -€95,895 | ▼ 109% |
| Amounts payable17/49 | €56,231 | €131,209 | €51,894 | €57,386 | €54,942 | ▼ 4.3% |
| Amounts payable within one year42/48 | €56,231 | €74,409 | €51,894 | €56,786 | €50,375 | ▼ 11.3% |
| Trade debts44 | €3,242 | €642 | €1,294 | €1,202 | €157 | ▼ 86.9% |
| Suppliers440/4 | - | €642 | €1,294 | €1,202 | €157 | ▼ 86.9% |
| Taxes, remuneration and social security45 | - | €15,310 | €2,487 | €1,111 | €1,236 | ▲ 11.2% |
| Taxes450/3 | - | €13,863 | €924 | €1,111 | €1,236 | ▲ 11.2% |
| Remuneration and social security454/9 | - | €1,448 | €1,564 | €0 | - | - |
| Other amounts payable47/48 | - | €58,457 | €48,112 | €54,472 | €48,982 | ▼ 10.1% |
| Accrued charges and deferred income492/3 | - | €56,800 | €0 | €600 | €4,567 | ▲ 661% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,579 | -€33,235 | -€22,850 | -€81,514 | -€49,926 | ▲ 38.8% |
| + Depreciation and write-downs630 | €16 | €621 | €1,390 | €1,374 | €769 | ▼ 44.0% |
| Operating cash flow (approximation) | -€59,563 | -€32,615 | -€21,461 | -€80,140 | -€49,157 | ▲ 38.7% |
| Investment in fixed assets (approximation) | - | -€2,591 | €0 | €0 | €0 | - |
| Change in cash | - | €16,829 | -€83,679 | -€55,032 | -€66,659 | ▼ 21.1% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€81,514
Net result drops to -€81,514, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Herent · 1 establishment unit since 2010
Ground area
158 m²
Building footprint
80 m²
Volume, LiDAR
700 m³
Parcel 24423H0265/00E002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IGNITE
since 20102.193.751.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423H0265/00E002 | Flanders | 158 m² | 1 · 80 m² | 12.1 m · 3 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
2024 · 1 entry · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 720 EUR | 720 EUR |
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 992 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
Founded22-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831381357
Also
9925:BE0831381357
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.