IGOP
ActiveSummary
IGOP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €45,790. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-7
Solvency34▼-37
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 3.16 against 1.56 in 2024; short-term debt: 16.1% and cash: 13.6% of total assets), but 90.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.5%
Return on assets
0.3%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
55 d early
2023
49 d early
2022
59 d early
2021
47 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 company by total assets in Oudsbergen, Real estate sector#8 company by equity in Oudsbergen, Real estate sector
Equity
€1.5m▲ 3.1%
2024 · €1.5m
Total assets
€16.3m▲ 404%
2024 · €3.2m
Net result
€45,790▲ 16.0%
2024 · €39,465
Working capital
€5.7m▲ 660%
2024 · €746,678
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69,564▲ 25.8%€1.9m▲ 2,633%€116,827▼ 93.9%€74,532▼ 36.2%€145,131▲ 94.7%
Net result€42,472above the sector's middle half▲ 13.7%€1.4mabove the sector's middle half▲ 3,239%€65,106above the sector's middle half▼ 95.4%€39,465above the sector's middle half▼ 39.4%€45,790above the sector's middle half▲ 16.0%
Equity€574,865above the sector's middle half▲ 7.4%€1.4mabove the sector's middle half▲ 142%€1.5mabove the sector's middle half▲ 4.7%€1.5mabove the sector's middle half▲ 2.7%€1.5mabove the sector's middle half▲ 3.1%
Total assets€1.6mabove the sector's middle half▼ 3.5%€3.5mabove the sector's middle half▲ 112%€2.2mabove the sector's middle half▼ 36.9%€3.2mabove the sector's middle half▲ 46.9%€16.3mabove the sector's middle half▲ 404%
Debt€1.1m▼ 8.6%€1.7m▲ 58.7%€348,569▼ 79.4%€1.3m▲ 286%€14.4m▲ 968%
Working capital€1.0m▼ 0.2%€2.3m▲ 126%€1.4m▼ 41.4%€746,678▼ 45.1%€5.7m▲ 660%
Solvency35.0%within the sector's middle half▲ 3.6pp39.9%within the sector's middle half▲ 5.0pp66.2%above the sector's middle half▲ 26.3pp46.3%within the sector's middle half▼ 19.9pp9.5%within the sector's middle half▼ 36.8pp
Staff (FTE)1▼ 37.5%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.3m
Fixed assets
€8.0m ▲ 597%
Current assets
€8.3m ▲ 298%
Equity and liabilities €16.3m
Equity
€1.5m ▲ 3.1%
Provisions
€388,556 ▼ 0.9%
Debt
€14.4m ▲ 968%
Debt's share of the balance-sheet total rises from 41.6% to 88.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€151,450▲
2024 · €91,170
Cash flow
€52,110▼
2024 · €56,102
Current ratio
3.16▲
2024 · 1.56
Debt to equity
9.31▲
2024 · 0.90
ROE
3.0%▲
2024 · 2.6%
ROA
0.3%▼
2024 · 1.2%
Interest coverage
1.36▼
2024 · 2.04
Debt ≤ 1 year
€2.6m▲
2024 · €1.3m
Debt > 1 year
€4.9m
Income taxes
€19,279▲
2024 · €17,348
Staff costs
€127,999▲
2024 · €126,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 1,375 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.6m | €8,323 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €240,492 | €38,105 | - | - | - |
| Remuneration, social security and pensions62 | €100,965 | €109,400 | €119,945 | €126,899 | €127,999 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,648 | €2,010 | €16,213 | €16,637 | €6,319 | ▼ 62.0% |
| Other operating charges640/8 | €16,364 | €16,190 | €3,882 | €11,173 | €15,600 | ▲ 39.6% |
| Gross operating margin9900 | €215,541 | €2.0m | €256,868 | €229,242 | €295,049 | ▲ 28.7% |
| Operating profit (loss)9901 | €69,564 | €1.9m | €116,827 | €74,532 | €145,131 | ▲ 94.7% |
| Financial income75/76B | €15,004 | €16,312 | €16,962 | €23,528 | €27,382 | ▲ 16.4% |
| Recurring financial income75 | €15,004 | €16,312 | €16,962 | €23,528 | €27,382 | ▲ 16.4% |
| Financial charges65/66B | €26,640 | €22,827 | €45,957 | €44,641 | €111,127 | ▲ 149% |
| Recurring financial charges65 | €26,640 | €22,827 | €45,957 | €44,641 | €111,127 | ▲ 149% |
| Profit (loss) for the period before taxes9903 | €57,929 | €1.9m | €87,832 | €53,419 | €61,386 | ▲ 14.9% |
| Transfer from deferred taxes780 | - | - | €3,305 | €3,394 | €3,684 | ▲ 8.5% |
| Transfer to deferred taxes680 | - | €398,938 | - | - | - | - |
| Income taxes67/77 | €15,457 | €77,420 | €26,031 | €17,348 | €19,279 | ▲ 11.1% |
| Profit (loss) for the period9904 | €42,472 | €1.4m | €65,106 | €39,465 | €45,790 | ▲ 16.0% |
| Transfer from tax-exempt reserves789 | - | - | €9,915 | €10,181 | €11,051 | ▲ 8.5% |
| Transfer to tax-exempt reserves689 | - | €1.2m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42,472 | €221,383 | €75,021 | €49,646 | €56,841 | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €3.5m | €2.2m | €3.2m | €16.3m | ▲ 404% |
| Fixed assets21/28 | €488,382 | €383,638 | €500,703 | €1.1m | €8.0m | ▲ 597% |
| Tangible fixed assets22/27 | €488,247 | €383,502 | €500,568 | €1.1m | €8.0m | ▲ 597% |
| Land and buildings22 | €488,247 | €356,687 | €452,802 | €436,165 | - | - |
| Leasing and similar rights25 | - | - | - | - | €6.8m | - |
| Other tangible fixed assets26 | - | - | - | - | €1.2m | - |
| Assets under construction and advance payments27 | - | €26,816 | €47,766 | €712,138 | - | - |
| Financial fixed assets28 | €136 | €136 | €136 | €136 | €136 | = |
| Current assets29/58 | €1.2m | €3.1m | €1.7m | €2.1m | €8.3m | ▲ 298% |
| Amounts receivable after more than one year29 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Other amounts receivable291 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Amounts receivable within one year40/41 | €21,703 | €6,345 | €17,214 | €25,052 | €420,314 | ▲ 1,578% |
| Trade receivables40 | €17,352 | €0 | €14,016 | €18,510 | €416,476 | ▲ 2,150% |
| Other amounts receivable41 | €4,351 | €6,345 | €3,199 | €6,542 | €3,838 | ▼ 41.3% |
| Current investments50/53 | - | €500,000 | €0 | €340,000 | - | - |
| Cash at bank and in hand54/58 | €7,017 | €1.0m | €137,522 | €308,335 | €2.2m | ▲ 617% |
| Deferred charges and accrued income490/1 | €126,370 | €479,439 | €428,728 | €295,460 | €4.5m | ▲ 1,440% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €3.5m | €2.2m | €3.2m | €16.3m | ▲ 404% |
| Equity10/15 | €574,865 | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 3.1% |
| Contributions10/11 | €94,886 | €94,886 | €94,886 | €94,886 | €94,886 | = |
| Capital10 | €94,886 | €94,886 | €94,886 | €94,886 | €94,886 | = |
| Issued capital100 | €94,886 | €94,886 | €94,886 | €94,886 | €94,886 | = |
| Reserves13 | €440,507 | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.9% |
| Non-distributable reserves130/1 | €10,190 | €10,190 | €10,190 | €10,190 | €10,190 | = |
| Legal reserve130 | €9,489 | €9,489 | €9,489 | €9,489 | €9,489 | = |
| Other1319 | €701 | €701 | €701 | €701 | €701 | = |
| Tax-exempt reserves132 | €16,864 | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 0.9% |
| Distributable reserves133 | €413,454 | €73,454 | €73,454 | €73,454 | €73,454 | = |
| Profit (loss) carried forward14 | €39,472 | €741 | €75,762 | €125,407 | €182,249 | ▲ 45.3% |
| Provisions and deferred taxes16 | - | €398,938 | €395,633 | €392,240 | €388,556 | ▼ 0.9% |
| Deferred taxes168 | - | €398,938 | €395,633 | €392,240 | €388,556 | ▼ 0.9% |
| Amounts payable17/49 | €1.1m | €1.7m | €348,569 | €1.3m | €14.4m | ▲ 968% |
| Amounts payable after more than one year17 | €941,912 | €872,650 | - | - | €4.9m | - |
| Financial debts170/4 | €941,912 | €872,650 | - | - | €4.9m | - |
| Amounts payable within one year42/48 | €126,694 | €779,940 | €340,371 | €1.3m | €2.6m | ▲ 95.7% |
| Current portion of amounts payable after more than one year42 | €68,929 | €69,262 | - | - | €263,759 | - |
| Financial debts43 | - | - | €286,171 | €1.2m | €408,260 | ▼ 65.4% |
| Credit institutions430/8 | - | - | €286,171 | €1.2m | €408,260 | ▼ 65.4% |
| Trade debts44 | €24,315 | €64,083 | €22,165 | €133,392 | €911,948 | ▲ 584% |
| Suppliers440/4 | €24,315 | €64,083 | €22,165 | €133,392 | €911,948 | ▲ 584% |
| Taxes, remuneration and social security45 | €30,450 | €46,595 | €32,035 | €25,665 | €1.0m | ▲ 3,949% |
| Taxes450/3 | €17,044 | €29,528 | €16,263 | €9,379 | €1.0m | ▲ 10,800% |
| Remuneration and social security454/9 | €13,406 | €17,067 | €15,772 | €16,286 | €17,023 | ▲ 4.5% |
| Other amounts payable47/48 | €3,000 | €600,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €43,333 | €8,198 | €5,358 | €6.8m | ▲ 127,226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,472 | €1.4m | €65,106 | €39,465 | €45,790 | ▲ 16.0% |
| + Depreciation and write-downs630 | €28,648 | €2,010 | €16,213 | €16,637 | €6,319 | ▼ 62.0% |
| Operating cash flow (approximation) | €71,120 | €1.4m | €81,319 | €56,102 | €52,110 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | €102,735 | -€133,279 | -€664,373 | -€6.9m | ▼ 932% |
| Change in cash | - | €993,284 | -€862,779 | €170,812 | €1.9m | ▲ 1,014% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.56 to 3.16.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €1.4m ▲3,239%
Operating result €1.9m, net result €1.4m, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲142%
5 profitable years in a row build equity to €1.4m.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €500,000Eq €535,393 ▲7.5%
3 profitable years in a row build equity to €535,393.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
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.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Oudsbergen · 1 establishment unit since 2011
Ground area
3.6 ha
Building footprint
2,321 m²
Parcel 71562B0913/00X009, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
IGOP
since 20112.228.724.656
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0913/00X009 | Flanders | 3.6 ha | 1 · 2,320 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- T. HM ADVIES
- IGOP
Highest known parent: T. HM ADVIES. The sources do not say who stands above it.
Owners 1
- T. HM ADVIESparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 179 EUR awarded · 143 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 179 EUR | 143 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500039FA0E6GDE655
Similar companies · same sector, comparable size
IMMO AWB
BE 0467.714.697
Balen · Eq €1,543,521
DE WIELINGEN DEVELOPMENT
BE 0505.670.304
Oudergem · Eq €1,544,815
Demeurs
BE 0661.902.660
Beersel · Eq €1,544,941
SBQ
BE 0866.878.607
Kortrijk · Eq €1,538,897
IMMOBILIERE HORION
BE 0477.980.960
Grâce-Hollogne · Eq €1,548,450
Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 2,906 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43120Site preparation
68110Buying and selling of own real estate
33120Repair and maintenance of machinery
77120Rental and leasing activities
Contact
E-mail
evie@hoogmartens.be
Phone
089/810230
Fax
089/857680
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836267880
Also
9925:BE0836267880
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.