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IGNOTO

Active
Public limited companyfounded 200323 yrs activeEttingen 13C, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0479.761.406
Summary

The annual accounts of IGNOTO for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €283 and a net result of -€5,779. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability64▲+55
Solvency25▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 99.8% of total assets), and 99.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2025
Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,779
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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 11 March 2003, IGNOTO was incorporated.1 Total assets went from EUR 400,084 in 2018 to EUR 151,443 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€283▼ 95.3%
2024 · €6,062
Total assets
€151,443▼ 7.1%
2024 · €163,049
Net result
-€5,779▲ 56.4%
2024 · -€13,255
Working capital
-€149,828▲ 3.1%
2024 · -€154,672
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
Line20212022202320242025
Operating result-€9,393▼ 44.6%€25,956-€9,623-€13,630▼ 41.6%-€5,524▲ 59.5%
Net result-€8,874▼ 20.3%€25,274-€10,541-€13,255▼ 25.7%-€5,779▲ 56.4%
Equity-€70,416▼ 14.4%€29,858€19,317▼ 35.3%€6,062▼ 68.6%€283▼ 95.3%
Total assets€368,939▲ 1.3%€218,276▼ 40.8%€169,294▼ 22.4%€163,049▼ 3.7%€151,443▼ 7.1%
Debt€439,355▲ 3.2%€188,417▼ 57.1%€149,977▼ 20.4%€156,987▲ 4.7%€151,160▼ 3.7%
Working capital-€422,819=-€111,981▲ 73.5%-€147,698▼ 31.9%-€154,672▼ 4.7%-€149,828▲ 3.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000€30,000Operating result 2021: -€9,393-€9,393Net result 2021: -€8,874-€8,874Operating result 2022: €25,956€25,956Net result 2022: €25,274€25,274Operating result 2023: -€9,623-€9,623Net result 2023: -€10,541-€10,541Operating result 2024: -€13,630-€13,630Net result 2024: -€13,255-€13,255Operating result 2025: -€5,524-€5,524Net result 2025: -€5,779-€5,77920212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€9,623-€9,620Net result 2023: -€10,541-€10,500Operating result 2024: -€13,630-€13,600Net result 2024: -€13,255-€13,300Operating result 2025: -€5,524-€5,520Net result 2025: -€5,779-€5,780202320242025
The operating result stays negative: a loss of €5,524 in 2025 against €13,630 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,443
Fixed assets €150,111 ▼ 6.6%
Current assets €1,332 ▼ 42.5%
Equity and liabilities €151,443
Equity €283 ▼ 95.3%
Debt €151,160 ▼ 3.7%
Debt's share of the balance-sheet total rises from 96.3% to 99.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,099▲
2024 · -€3,007
Cash flow
€4,844▲
2024 · -€2,632
Current ratio
0.01▼
2024 · 0.01
ROA
-3.8%▲
2024 · -8.1%
Interest coverage
88.67▲
2024 · -24.20
Debt ≤ 1 year
€151,160▼
2024 · €156,987
Income taxes
€197▲
2024 · -€500
Equity ratios withheld: equity of €283 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a small loss
2.1% went bankrupt
4.5% stopped otherwise
93% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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%.

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% 1.6%
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 974 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 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€163,049€151,443▼
Fixed assets21/28€160,734€150,111▼
Tangible fixed assets22/27€160,734€150,111▼
Land and buildings22€159,633€149,165▼
Plant, machinery and equipment23€1,091€946▼
Furniture and vehicles24€10-
Current assets29/58€2,315€1,332▼
Amounts receivable within one year40/41€1,069€0▼
Other amounts receivable41€1,069€0▼
Current investments50/53-€405
Cash at bank and in hand54/58€406-
Deferred charges and accrued income490/1€840€927▲
Equity and liabilities
Total equity and liabilities10/49€163,049€151,443▼
Equity10/15€6,062€283▼
Contributions10/11€137,000€137,000=
Capital10€137,000€137,000=
Issued capital100€137,000€137,000=
Reserves13€1,554€1,554=
Non-distributable reserves130/1€1,554€1,554=
Legal reserve130€1,554€1,554=
Profit (loss) carried forward14-€132,492-€138,271▼
Amounts payable17/49€156,987€151,160▼
Amounts payable within one year42/48€156,987€151,160▼
Trade debts44€684€186▼
Suppliers440/4€684€186▼
Taxes, remuneration and social security45€170€182▲
Taxes450/3€170€182▲
Other amounts payable47/48€156,133€150,792▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,623€10,623=
Other operating charges640/8€4,277€3,938▼
Gross operating margin9900€1,270€9,037▲
Operating profit (loss)9901-€13,630-€5,524▲
Financial charges65/66B€124€58▼
Recurring financial charges65€124€58▼
Non-recurring financial charges66B€124€58▼
Profit (loss) for the period before taxes9903-€13,754-€5,582▲
Income taxes67/77-€500€197▲
Profit (loss) for the period9904-€13,255-€5,779▲
Profit (loss) for the period to be appropriated9905-€13,255-€5,779▲
Appropriation of the result
Profit (loss) to be appropriated9906-€132,492-€138,271▼
Profit (loss) brought forward from the previous period14P-€119,238-€132,492▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,714€9,238€10,623€10,623€10,623=
Other operating charges640/8€4,819€3,053€3,688€4,277€3,938▼ 7.9%
Gross operating margin9900€21,140€38,247€4,689€1,270€9,037▲ 611%
Operating profit (loss)9901-€9,393€25,956-€9,623-€13,630-€5,524▲ 59.5%
Financial income75/76B€90€1----
Recurring financial income75€90€1----
Non-recurring financial income76B€90€1----
Financial charges65/66B€177€376€316€124€58▼ 53.7%
Recurring financial charges65€177€376€316€124€58▼ 53.7%
Non-recurring financial charges66B€177€376€316€124€58▼ 53.7%
Profit (loss) for the period before taxes9903-€9,480€25,580-€9,939-€13,754-€5,582▲ 59.4%
Income taxes67/77-€606€306€603-€500€197▲ 139%
Profit (loss) for the period9904-€8,874€25,274-€10,541-€13,255-€5,779▲ 56.4%
Profit (loss) for the period to be appropriated9905-€8,874€25,274-€10,541-€13,255-€5,779▲ 56.4%
Line20212022202320242025Change
Assets
Total assets20/58€368,939€218,276€169,294€163,049€151,443▼ 7.1%
Fixed assets21/28€353,145€141,840€167,015€160,734€150,111▼ 6.6%
Tangible fixed assets22/27€353,145€141,840€167,015€160,734€150,111▼ 6.6%
Land and buildings22€353,106€141,198€165,760€159,633€149,165▼ 6.6%
Plant, machinery and equipment23-€613€1,236€1,091€946▼ 13.3%
Furniture and vehicles24€38€29€19€10--
Current assets29/58€15,794€76,436€2,279€2,315€1,332▼ 42.5%
Amounts receivable within one year40/41€483€1,252€1,469€1,069€0▼ 100%
Other amounts receivable41€483€1,252€1,469€1,069€0▼ 100%
Current investments50/53----€405-
Cash at bank and in hand54/58€14,589€74,274€1€406--
Deferred charges and accrued income490/1€723€910€809€840€927▲ 10.3%
Equity and liabilities
Total equity and liabilities10/49€368,939€218,276€169,294€163,049€151,443▼ 7.1%
Equity10/15-€70,416€29,858€19,317€6,062€283▼ 95.3%
Contributions10/11€62,000€137,000€137,000€137,000€137,000=
Capital10€62,000€137,000€137,000€137,000€137,000=
Issued capital100€62,000€137,000€137,000€137,000€137,000=
Reserves13€1,554€1,554€1,554€1,554€1,554=
Non-distributable reserves130/1€1,554€1,554€1,554€1,554€1,554=
Legal reserve130€1,554€1,554€1,554€1,554€1,554=
Profit (loss) carried forward14-€133,971-€108,696-€119,238-€132,492-€138,271▼ 4.4%
Amounts payable17/49€439,355€188,417€149,977€156,987€151,160▼ 3.7%
Amounts payable within one year42/48€438,613€188,417€149,977€156,987€151,160▼ 3.7%
Trade debts44€2,153€1,549-€684€186▼ 72.9%
Suppliers440/4€2,153€1,549-€684€186▼ 72.9%
Taxes, remuneration and social security45€76€317€852€170€182▲ 6.7%
Taxes450/3€76€317€852€170€182▲ 6.7%
Other amounts payable47/48€436,384€186,552€149,126€156,133€150,792▼ 3.4%
Accrued charges and deferred income492/3€742-----
Line20212022202320242025Change
Profit (loss) for the period9904-€8,874€25,274-€10,541-€13,255-€5,779▲ 56.4%
+ Depreciation and write-downs630€25,714€9,238€10,623€10,623€10,623=
Operating cash flow (approximation)€16,840€34,512€82-€2,632€4,844▲ 284%
Investment in fixed assets (approximation)-€202,067-€35,799-€4,342€0▲ 100%
Change in cash-€59,686-€74,274€405--

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 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Weakest financial yearnet -€13,255
Net result drops to -€13,255, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Back to profitnet €25,274
Net result €25,274 after 4 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
26-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
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, Merelbeke-Melle · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
4,572 m²
Building footprint
462 m²
Volume, LiDAR
25 m³
Parcel 44412B1034/00Z000, Flanders · tallest building 1.6 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IGNOTO
Ettingen 13C, 9820 Merelbeke-MelleArts creation and performing arts activities
since 20032.132.335.954
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44412B1034/00Z000 Flanders 4,572 m² 1 · 462 m² 1.6 m
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.

Identification & contact

Identification
Legal formPublic limited company
Founded11-03-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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Register as of 27 September 2026 · Peppol Directory

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