IGOR
ActiveSummary
IGOR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.93M and a net result of €18k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-64
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
short-term debt: 0.1% and cash: 5.5% of total assets, and 0.1% of the assets are financed with debt.
Credit check for your own amount and term
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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
99.9%
Return on assets
0.4%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.93M
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
on the day
2022
42 d early
2021
11 d late
2020
39 d late
2019
45 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.93M▲ 0.4%
2024 · €4.91M
2018: €3.66Mlowest in 8 years
2019: €3.66M● +0.0% vs 2018
2020: €3.66M▲ +0.1% vs 2019
2021: €3.66M● -0.0% vs 2020
2022: €3.66M● -0.0% vs 2021
2023: €3.66M● +0.0% vs 2022
2024: €4.91M▲ +34.3% vs 2023
2025: €4.93M▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€4.94M▼ 2.1%
2024 · €5.04M
2018: €3.67M
2019: €3.67M▲ +0.1% vs 2018
2020: €3.67M▲ +0.1% vs 2019
2021: €3.66M▼ -0.3% vs 2020lowest in 8 years
2022: €3.66M● +0.0% vs 2021
2023: €3.67M▲ +0.1% vs 2022
2024: €5.04M▲ +37.6% vs 2023highest in 8 years
2025: €4.94M▼ -2.1% vs 2024
2018 → 2025
Net result
€18k▼ 98.6%
2024 · €1.25M
2018: €1.14M
2019: €2k▼ -99.9% vs 2018
2020: €2k▲ +15.2% vs 2019
2021: €-1k▼ -169% vs 2020
2022: €-2k▼ -16.5% vs 2021lowest in 8 years
2023: €959▲ +161% vs 2022
2024: €1.25M▲ +130719% vs 2023highest in 8 years
2025: €18k▼ -98.6% vs 2024
2018 → 2025
Working capital
€1.29M▲ 36.5%
2024 · €943k
2018: €19k
2019: €21k▲ +8.9% vs 2018
2020: €23k▲ +9.4% vs 2019
2021: €18k▼ -22.7% vs 2020
2022: €17k▼ -4.4% vs 2021lowest in 8 years
2023: €19k▲ +10.8% vs 2022
2024: €943k▲ +4955% vs 2023
2025: €1.29M▲ +36.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.66M-€3.66M=€3.66M=€4.91M▲ 34.3%€4.93M▲ 0.4%
2021: €3.66M
2022: €3.66M● -0.0% vs 2021lowest in 5 years
2023: €3.66M● +0.0% vs 2022
2024: €4.91M▲ +34.3% vs 2023
2025: €4.93M▲ +0.4% vs 2024highest in 5 years
Operating result€-1k-€-1k▼ 18.6%€1k€389▼ 64.7%€-606
2021: €-1k
2022: €-1k▼ -18.6% vs 2021lowest in 5 years
2023: €1k▲ +177% vs 2022highest in 5 years
2024: €389▼ -64.7% vs 2023
2025: €-606▼ -256% vs 2024
Net result€-1k-€-2k▼ 16.5%€959€1.25M▲ 130,719%€18k▼ 98.6%
2021: €-1k
2022: €-2k▼ -16.5% vs 2021lowest in 5 years
2023: €959▲ +161% vs 2022
2024: €1.25M▲ +130719% vs 2023highest in 5 years
2025: €18k▼ -98.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €606 after €389 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.94M
Fixed assets
€3.64M ▼ 8.2%
Current assets
€1.29M ▲ 20.6%
Equity and liabilities €4.94M
Equity
€4.93M ▲ 0.4%
Debt
€7k ▼ 94.9%
Debt's share of the balance-sheet total falls from 2.6% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€889▼
2024 · €1k
Cash flow
€19k▼
2024 · €1.26M
Debt to equity
0.00▼
2024 · 0.03
ROE
0.4%▼
2024 · 25.5%
ROA
0.4%▼
2024 · 24.9%
Interest coverage
1.97▼
2024 · 8.40
Debt ≤ 1 year
€7k▼
2024 · €130k
Income taxes
€6k▼
2024 · €126k
A ratio outside any meaningful range has been withheld (balance sheet total €4.94M, equity €4.93M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.04M€4.94M▼
Fixed assets21/28€3.97M€3.64M▼
Tangible fixed assets22/27€1k€5k▲
Plant, machinery and equipment23€1k€5k▲
Financial fixed assets28€3.97M€3.64M▼
Current assets29/58€1.07M€1.29M▲
Amounts receivable within one year40/41-€2k
Trade receivables40-€2k
Current investments50/53€1.00M€1.02M▲
Cash at bank and in hand54/58€71k€272k▲
Deferred charges and accrued income490/1-€77
Equity and liabilities
Total equity and liabilities10/49€5.04M€4.94M▼
Equity10/15€4.91M€4.93M▲
Contributions10/11€2.52M€2.52M=
Reserves13€2.39M€2.41M▲
Distributable reserves133€2.39M€2.41M▲
Amounts payable17/49€130k€7k▼
Amounts payable within one year42/48€130k€7k▼
Trade debts44€726€2k▲
Suppliers440/4€726€2k▲
Taxes, remuneration and social security45€127k€2k▼
Taxes450/3€127k€2k▼
Other amounts payable47/48€3k€3k▲
Accrued charges and deferred income492/3€12-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€870€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2k€3k▲
Operating profit (loss)9901€389€-606▼
Financial income75/76B€1.38M€24k▼
Recurring financial income75€1.38M€24k▼
Financial charges65/66B€150€450▲
Recurring financial charges65€150€450▲
Profit (loss) for the period before taxes9903€1.38M€23k▼
Income taxes67/77€126k€6k▼
Profit (loss) for the period9904€1.25M€18k▼
Profit (loss) for the period to be appropriated9905€1.25M€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€18k▼
Transfer to equity691/2€1.25M€18k▼
To other reserves6921€1.25M€18k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €436 | €870 | €870 | €870 | €1k | ▲ 71.9% |
| Other operating charges640/8 | €930 | €930 | €1k | €1k | €2k | ▲ 93.7% |
| Gross operating margin9900 | €167 | €377 | €3k | €2k | €3k | ▲ 26.0% |
| Operating profit (loss)9901 | €-1k | €-1k | €1k | €389 | €-606 | ▼ 256% |
| Financial income75/76B | - | - | - | €1.38M | €24k | ▼ 98.2% |
| Recurring financial income75 | - | - | - | €1.38M | €24k | ▼ 98.2% |
| Financial charges65/66B | €153 | €153 | €140 | €150 | €450 | ▲ 201% |
| Recurring financial charges65 | €153 | €153 | €140 | €150 | €450 | ▲ 201% |
| Profit (loss) for the period before taxes9903 | €-1k | €-2k | €959 | €1.38M | €23k | ▼ 98.3% |
| Income taxes67/77 | - | - | - | €126k | €6k | ▼ 95.5% |
| Profit (loss) for the period9904 | €-1k | €-2k | €959 | €1.25M | €18k | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-2k | €959 | €1.25M | €18k | ▼ 98.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.66M | €3.66M | €3.67M | €5.04M | €4.94M | ▼ 2.1% |
| Fixed assets21/28 | €3.64M | €3.64M | €3.64M | €3.97M | €3.64M | ▼ 8.2% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €1k | €5k | ▲ 306% |
| Plant, machinery and equipment23 | €4k | €3k | €2k | €1k | €5k | ▲ 306% |
| Financial fixed assets28 | €3.64M | €3.64M | €3.64M | €3.97M | €3.64M | ▼ 8.3% |
| Current assets29/58 | €20k | €22k | €25k | €1.07M | €1.29M | ▲ 20.6% |
| Amounts receivable within one year40/41 | - | €60 | - | - | €2k | - |
| Trade receivables40 | - | €60 | - | - | €2k | - |
| Current investments50/53 | - | - | - | €1.00M | €1.02M | ▲ 1.9% |
| Cash at bank and in hand54/58 | €20k | €22k | €25k | €71k | €272k | ▲ 281% |
| Deferred charges and accrued income490/1 | - | - | - | - | €77 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.66M | €3.66M | €3.67M | €5.04M | €4.94M | ▼ 2.1% |
| Equity10/15 | €3.66M | €3.66M | €3.66M | €4.91M | €4.93M | ▲ 0.4% |
| Contributions10/11 | €2.52M | €2.52M | €2.52M | €2.52M | €2.52M | = |
| Reserves13 | €1.14M | €1.14M | €1.14M | €2.39M | €2.41M | ▲ 0.7% |
| Non-distributable reserves130/1 | €252k | €252k | - | - | - | - |
| Reserves not available under the articles1311 | €252k | €252k | - | - | - | - |
| Distributable reserves133 | €885k | €884k | €1.14M | €2.39M | €2.41M | ▲ 0.7% |
| Amounts payable17/49 | €3k | €5k | €7k | €130k | €7k | ▼ 94.9% |
| Amounts payable within one year42/48 | €3k | €5k | €7k | €130k | €7k | ▼ 94.9% |
| Trade debts44 | €545 | €605 | €4k | €726 | €2k | ▲ 141% |
| Suppliers440/4 | €545 | €605 | €4k | €726 | €2k | ▲ 141% |
| Taxes, remuneration and social security45 | - | - | - | €127k | €2k | ▼ 98.3% |
| Taxes450/3 | - | - | - | €127k | €2k | ▼ 98.3% |
| Other amounts payable47/48 | €2k | €5k | €3k | €3k | €3k | ▲ 5.6% |
| Accrued charges and deferred income492/3 | €86 | €13 | - | €12 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-2k | €959 | €1.25M | €18k | ▼ 98.6% |
| + Depreciation and write-downs630 | €436 | €870 | €870 | €870 | €1k | ▲ 71.9% |
| Operating cash flow (approximation) | €-917 | €-706 | €2k | €1.26M | €19k | ▼ 98.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-331k | €326k | ▲ 198% |
| Change in cash | - | €2k | €3k | €46k | €201k | ▲ 335% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Liquidity times 23current ratio 194.09
Current ratio from 8.26 to 194.09; short-term debt falls from €130k to €7k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.25M ▲130,719%
Net result €1.25M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 8.26
Current ratio from 3.79 to 8.26.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €959
Net result €959 after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 7.59
Current ratio from 3.03 to 7.59; short-term debt falls from €11k to €3k.
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hasselt · 1 establishment unit since 2018
Ground area
221 m²
Building footprint
69 m²
Volume, LiDAR
482 m³
Parcel 71327G0629/00Y013, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IGOR
since 20182.275.453.714
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0629/00Y013 | Flanders | 221 m² | 1 · 69 m² | 9.3 m · 2 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.
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Of 8,300 companies in sector 90201 we hold annual accounts for 602. 64 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
Founded27-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.