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IGP

Active
Private limited companyfounded 2023active for 3 yearsVogelzang 23, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0798.818.457
Summary

The computed 12-month bankruptcy probability of IGP is at least 25% (high). The 2025 annual accounts show negative equity (-€7,923) and a net result of -€2,100. Its solvency ranks better than 5% of 9,122 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€1,017total assets 2025
Equity
-€7,923
Loss
-€2,100
Turnover not published (micro format)
Financial health
8 Critical Checked score 2025
Bankruptcy probabilitywithin 12 months
≥ 25%
Structure
Accounts filed 31 days late1 of 4 deeds read
Why 8raises risk2 changes of registered office in 24 months2 ex-officio strike-offs in the KBOSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 0.05Show the evidence

Checked score

Score 2025
8 / 100
Critical
Probability in this band: over 15.0%
Financially better than 6% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -778.7% of total assets
Liquidity 0=
short-term debt 878.7%
Profitability 0=
return on assets -206.4%
Bankruptcy probability, 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,385 companies, NACE 41, micro)
Last 24 months 11-2024: 7.9% 12-2024: 7.7%▼ -0.2 percentage points vs 11-2024 01-2025: 8.1%▲ +0.4 percentage points vs 12-2024 02-2025: 8.2%▲ +0.1 percentage points vs 01-2025 03-2025: 8.2%● unchanged vs 02-2025 04-2025: 8.2%● unchanged vs 03-2025 05-2025: 8.2%● unchanged vs 04-2025 06-2025: 7.6%▼ -0.6 percentage points vs 05-2025lowest value 07-2025: 13.5%▲ +5.9 percentage points vs 06-2025 08-2025: 13.5%● unchanged vs 07-2025 09-2025: 22.8%▲ +9.3 percentage points vs 08-2025 10-2025: 22.6%▼ -0.2 percentage points vs 09-2025 11-2025: 22.6%● unchanged vs 10-2025 12-2025: 22.5%▼ -0.1 percentage points vs 11-2025 01-2026: 24.0%▲ +1.5 percentage points vs 12-2025 02-2026: 24.3%▲ +0.3 percentage points vs 01-2026 03-2026: 24.3%● unchanged vs 02-2026 04-2026: 18.3%▼ -6.0 percentage points vs 03-2026 05-2026: 18.7%▲ +0.4 percentage points vs 04-2026 06-2026: ≥ 25%▲ +8.4 percentage points vs 05-2026 07-2026: ≥ 25%● unchanged vs 06-2026highest value 08-2026: ≥ 25%● unchanged vs 07-2026highest value 09-2026: ≥ 25%● unchanged vs 08-2026highest value 10-2026: ≥ 25%● unchanged vs 09-2026
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 3% on solvency, 1% on liquidity, 5% on profitability and 14% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · 2 ex-officio strike-offs in the KBO
KBO publications
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Liquidity: current ratio 0.05
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€7,923
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
31 days late
2024
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struck×2
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-10-2026 today30-04-2027 deadline
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Magomed Tochiyev (director)Appointment: Leyla Dzeytova (director) ·…
  3. Address struckHoogstraat 59 9620 L’adresse du…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€7,923 View
  • Caution: Among the weakest 5% on solvencysector median 43.4% · 9,122 companies -778.7% View
  • Caution: Board changedlatest change 12-03-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€1,017
Loss
-€2,100
Solvency
-778.7%
Total assets▼ 35.4%
Net result
20242025
Go to Financials

Timeline

Events
5
Since
2025
Next accounts
by 30-04-2027
  1. 13-06-2025Address struck
  2. 30-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
24-02-2023
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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