IGORR
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-06-2023, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d early
2021
2 d early
2020
2 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 16 days before 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 (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57,206
2021 · -€55,338
Working capital
-€64,631▲ 30.8%
2021 · -€93,447
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€439--€440▼ 0.3%-€656▼ 48.9%-€32,665▼ 4,881%€86,315
Net result-€495--€522▼ 5.4%-€707▼ 35.5%-€55,338▼ 7,732%€57,206
Equity€10,466-€9,945▼ 5.0%€9,238▼ 7.1%-€71,011-€13,805▲ 80.6%
Total assets€10,466-€10,292▼ 1.7%€10,133▼ 1.5%€1.6m▲ 15,523%€1.6m▲ 0.1%
Debt€348€895▲ 157%€1.7m▲ 184,800%€1.6m▼ 3.4%
Working capital€9,004€8,336▼ 7.4%-€93,447-€64,631▲ 30.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €86,315 after a loss of €32,665 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.0m ▼ 2.7%
Current assets
€534,832 ▲ 6.0%
Equity and liabilities
Equity-€13,805
Debt€1.6m
Equity is negative: debt (€1.6m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
€115,505▲
2021 · -€3,475
Cash flow
€86,396▲
2021 · -€26,148
Solvency
-0.9%▲
2021 · -4.5%
Current ratio
0.89▲
2021 · 0.84
ROA
3.6%▲
2021 · -3.5%
Interest coverage
3.97▲
2021 · -0.15
Debt ≤ 1 year
€599,463▲
2021 · €597,867
Debt > 1 year
€988,667▼
2021 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity -€13,805).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39 | €39 | €39 | €29,190 | €29,190 | = |
| Other operating charges640/8 | - | - | - | €4,923 | €5,496 | ▲ 11.6% |
| Gross operating margin9900 | -€53 | -€54 | -€54 | €1,448 | €121,001 | ▲ 8,258% |
| Operating profit (loss)9901 | -€439 | -€440 | -€656 | -€32,665 | €86,315 | ▲ 364% |
| Financial charges65/66B | - | - | - | €22,672 | €29,109 | ▲ 28.4% |
| Recurring financial charges65 | €56 | €81 | €51 | €22,672 | €29,109 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | -€495 | -€522 | -€707 | -€55,338 | €57,206 | ▲ 203% |
| Profit (loss) for the period9904 | -€495 | -€522 | -€707 | -€55,338 | €57,206 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | -€495 | -€522 | -€707 | -€55,338 | €57,206 | ▲ 203% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,466 | €10,292 | €10,133 | €1.6m | €1.6m | ▲ 0.1% |
| Fixed assets21/28 | €979 | €941 | €902 | €1.1m | €1.0m | ▼ 2.7% |
| Tangible fixed assets22/27 | €979 | €941 | €902 | €1.1m | €1.0m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €1.1m | €1.0m | ▼ 2.7% |
| Current assets29/58 | €9,487 | €9,352 | €9,231 | €504,420 | €534,832 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €9,347 | €9,347 | €9,216 | €497,880 | €530,041 | ▲ 6.5% |
| Other amounts receivable41 | - | - | - | €497,880 | €530,041 | ▲ 6.5% |
| Cash at bank and in hand54/58 | €140 | €4 | €15 | €6,540 | €4,791 | ▼ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,466 | €10,292 | €10,133 | €1.6m | €1.6m | ▲ 0.1% |
| Equity10/15 | €10,466 | €9,945 | €9,238 | -€71,011 | -€13,805 | ▲ 80.6% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€1,934 | -€2,455 | -€3,162 | -€83,411 | -€26,205 | ▲ 68.6% |
| Amounts payable17/49 | - | €348 | €895 | €1.7m | €1.6m | ▼ 3.4% |
| Amounts payable after more than one year17 | - | - | - | €1.1m | €988,667 | ▼ 6.4% |
| Financial debts170/4 | - | - | - | €1.1m | €988,667 | ▼ 6.4% |
| Amounts payable within one year42/48 | - | €348 | €895 | €597,867 | €599,463 | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €65,984 | €67,580 | ▲ 2.4% |
| Trade debts44 | - | €348 | €895 | €0 | - | - |
| Suppliers440/4 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €531,883 | €531,883 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €10,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€495 | -€522 | -€707 | -€55,338 | €57,206 | ▲ 203% |
| + Depreciation and write-downs630 | €39 | €39 | €39 | €29,190 | €29,190 | = |
| Operating cash flow (approximation) | -€456 | -€483 | -€668 | -€26,148 | €86,396 | ▲ 430% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1.1m | €0 | ▲ 100% |
| Change in cash | - | -€135 | €10 | €6,525 | -€1,749 | ▼ 127% |
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
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €57,206
Net result €57,206 after 4 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€55,338
Net result drops to -€55,338, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 ownerChain of control
- IMMO GFH
- IGORR
Highest known parent: IMMO GFH. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of IGORR and those 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.