IGODT
ActiveIGODT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €-28k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 10253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▲+10
Solvency55▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.72 in 2024; short-term debt: 44% and cash: 7.3% of total assets), but 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
57 d late
2022
28 d late
2021
10 d late
2020
47 d early
2019
39 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€156k▼ 19.4%
2024 · €194k
2018: €132k
2019: €142k
2020: €181k
2021: €194k
2022: €216k
2023: €234k
2024: €194k
2018 → 2025
Total assets
€518k▼ 5.4%
2024 · €548k
2018: €394k
2019: €382k
2020: €414k
2021: €433k
2022: €561k
2023: €537k
2024: €548k
2018 → 2025
Net result
€-28k▲ 29.9%
2024 · €-40k
2018: €4k
2019: €10k
2020: €39k
2021: €25k
2022: €22k
2023: €18k
2024: €-40k
2018 → 2025
Working capital
€170k▲ 3.9%
2024 · €164k
2018: €59k
2019: €62k
2020: €88k
2021: €112k
2022: €151k
2023: €181k
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€194k-€216k▲ 11.2%€234k▲ 8.2%€194k▼ 17.2%€156k▼ 19.4%
Operating result€32k-€27k▼ 15.9%€29k▲ 7.3%€-32k€-18k▲ 45.9%
Net result€25k-€22k▼ 13.0%€18k▼ 18.5%€-40k€-28k▲ 29.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518k
Fixed assets
€120k▼ 23.2%
Current assets
€399k▲ 1.7%
Equity and liabilities €518k
Equity
€156k▼ 19.4%
Debt
€362k▲ 2.2%
The debt ratio rises from 64.6% to 69.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €10k
Cash flow
€13k▲
2024 · €3k
Solvency
30.1%▼
2024 · 35.4%
Current ratio
1.75▲
2024 · 1.72
Quick ratio
0.36▲
2024 · 0.31
Debt / equity
2.32▲
2024 · 1.83
ROE
-18.1%▲
2024 · -20.8%
ROA
-5.4%▲
2024 · -7.3%
Interest coverage
1.94▲
2024 · 1.05
Debt
€362k▲
2024 · €354k
Debt ≤ 1 year
€228k▲
2024 · €228k
Debt > 1 year
€133k▲
2024 · €126k
Income taxes
€283▲
2024 · €163
Staff costs
€25k▼
2024 · €49k
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€548k€518k▼
Fixed assets21/28€156k€120k▼
Tangible fixed assets22/27€156k€120k▼
Land and buildings22€91k€71k▼
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24€48k€37k▼
Current assets29/58€392k€399k▲
Stocks and contracts in progress3€321k€315k▼
Stocks30/36€321k€315k▼
Amounts receivable within one year40/41€17k€38k▲
Trade receivables40€2k€18k▲
Other amounts receivable41€15k€20k▲
Cash at bank and in hand54/58€48k€38k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€548k€518k▼
Equity10/15€194k€156k▼
Contributions10/11€19k€19k=
Reserves13€175k€138k▼
Distributable reserves133€175k€138k▼
Amounts payable17/49€354k€362k▲
Amounts payable after more than one year17€126k€133k▲
Financial debts170/4€126k€133k▲
Amounts payable within one year42/48€228k€228k▲
Current portion of amounts payable after more than one year42€30k€39k▲
Financial debts43€125k€105k▼
Credit institutions430/8€125k€105k▼
Trade debts44€20k€24k▲
Suppliers440/4€20k€24k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€46k€50k▲
Accrued charges and deferred income492/3-€342
Income statement
Code20242025
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€49k€25k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€41k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€62k€51k▼
Operating profit (loss)9901€-32k€-18k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€-40k€-28k▲
Income taxes67/77€163€283▲
Profit (loss) for the period9904€-40k€-28k▲
Profit (loss) for the period to be appropriated9905€-40k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-28k▲
Transfer from equity791/2€40k€37k▼
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
Social balance
Average headcount (FTE)90871.20.6▼
The notes to these accounts (14 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-40k ▼327%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Equity above €200kEq €216k ▲11.2%
5 profitable years in a row build equity to €216k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €39k ▲281%
Operating result €62k, net result €39k, both a record.
31-12
Financial
Equity above €150kEq €181k ▲27.5%
3 profitable years in a row build equity to €181k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ieper · 1 establishment unit since 2011
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.
Rodenbachstraat 578908 IeperGround area
7,579 m²
Building footprint
2,405 m²
Volume, LiDAR
13,949 m³
Parcel 33026C0079/00X003, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HORTA VLAMERTINGE
since 20112.199.451.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026C0079/00X003 | Flanders | 7,579 m² | 1 · 2,405 m² | 8.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 66 EUR awarded · 66 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 66 EUR | 66 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.199.451.145
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MARCHE DE L'OCCASION
BE 0465.850.715
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MAISON PIVOT-BADOUX SA
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Of 1,722 companies in sector 47521 we hold annual accounts for 1,289. 953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2011
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47761Retail sale of flowers, plants, seeds and fertilisers
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:igodt@horta.org
Phone:057/200833