IGP Immo
ActiveSummary
IGP Immo has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €390,853 and a net result of €90,961. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+19
Solvency38▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.23 against 0.01 in 2023; short-term debt: 10.6% and cash: 0.2% of total assets), and 86.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
26 d early
2022
33 d early
2021
48 d early
2020
60 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€471,648
EBIT margin
28.7%
Net result
€90,961▲ 31.2%
2023 · €69,307
Working capital
-€238,597▲ 72.1%
2023 · -€854,251
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€471,648
Operating result-€42,494▲ 67.1%-€63,609▼ 49.7%€104,594€117,913▲ 12.7%€135,187▲ 14.6%
Net result€16,144€137,633▲ 753%€62,202▼ 54.8%€69,307▲ 11.4%€90,961▲ 31.2%
EBIT margin28.7%
Equity€508,216€168,383▼ 66.9%€230,584▲ 36.9%€299,892▲ 30.1%€390,853▲ 30.3%
Total assets€6.1m=€3.4m▼ 44.8%€3.1m▼ 8.4%€2.8m▼ 8.7%€2.9m▲ 4.2%
Debt€5.0m▼ 15.0%€2.9m▼ 41.9%€2.6m▼ 10.5%€2.3m▼ 10.7%€2.4m▲ 2.9%
Working capital-€1.4m▲ 17.9%-€919,704▲ 34.3%-€869,611▲ 5.4%-€854,251▲ 1.8%-€238,597▲ 72.1%
Staff (FTE)22.4▲ 9.3%00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.9m ▲ 1.9%
Current assets
€71,671 ▲ 909%
Equity and liabilities €2.9m
Equity
€390,853 ▲ 30.3%
Provisions
€155,535 ▼ 20.8%
Debt
€2.4m ▲ 2.9%
Debt's share of the balance-sheet total falls from 82.3% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€425,268▲
2023 · €376,216
Cash flow
€381,043▲
2023 · €327,610
Current ratio
0.23▲
2023 · 0.01
Debt to equity
6.09▼
2023 · 7.72
ROE
23.3%▲
2023 · 23.1%
ROA
3.1%▲
2023 · 2.5%
Interest coverage
5.00▲
2023 · 4.20
Debt ≤ 1 year
€310,268▼
2023 · €861,351
Debt > 1 year
€2.1m▲
2023 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €471,648 | - |
| Non-recurring operating income76A | - | - | - | €19,745 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €45,294 | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €505,641 | €257,493 | €257,254 | €258,303 | €290,082 | ▲ 12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | -€18,000 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €868 | €45,155 | €49,493 | €51,473 | ▲ 4.0% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €1.7m | €194,752 | €407,002 | €407,709 | €476,741 | ▲ 16.9% |
| Operating profit (loss)9901 | -€42,494 | -€63,609 | €104,594 | €117,913 | €135,187 | ▲ 14.6% |
| Financial income75/76B | - | €0 | €0 | - | - | - |
| Recurring financial income75 | €45,652 | €0 | €0 | - | - | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €89,651 | €83,286 | €89,496 | €85,116 | ▼ 4.9% |
| Recurring financial charges65 | €136,416 | €89,651 | €83,286 | €89,496 | €85,116 | ▼ 4.9% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€133,647 | -€153,261 | €21,308 | €28,417 | €50,071 | ▲ 76.2% |
| Transfer from deferred taxes780 | - | €290,894 | €40,894 | €40,890 | €40,890 | = |
| Income taxes67/77 | €2,851 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €16,144 | €137,633 | €62,202 | €69,307 | €90,961 | ▲ 31.2% |
| Transfer from tax-exempt reserves789 | - | €41,330 | €41,330 | €41,327 | €41,327 | = |
| Transfer to tax-exempt reserves689 | - | €250,000 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €27,064 | -€71,037 | €103,532 | €110,634 | €132,287 | ▲ 19.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €3.4m | €3.1m | €2.8m | €2.9m | ▲ 4.2% |
| Fixed assets21/28 | €4.8m | €3.3m | €3.0m | €2.8m | €2.9m | ▲ 1.9% |
| Intangible fixed assets21 | €17,920 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €4.8m | €3.3m | €3.0m | €2.8m | €2.9m | ▲ 1.9% |
| Land and buildings22 | - | €76,352 | €73,982 | €71,612 | €69,242 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Leasing and similar rights25 | - | €3.0m | €2.8m | €2.6m | €2.6m | ▲ 2.4% |
| Other tangible fixed assets26 | - | €204,388 | €183,504 | €178,290 | €171,509 | ▼ 3.8% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €500 | €0 | - | - | - | - |
| Current assets29/58 | €1.3m | €60,251 | €33,678 | €7,100 | €71,671 | ▲ 909% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Trade receivables290 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €229,876 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €921,719 | €27,958 | €494 | €1,786 | €66,673 | ▲ 3,633% |
| Trade receivables40 | - | €25,712 | €0 | - | €61,691 | - |
| Other amounts receivable41 | - | €2,245 | €494 | €1,786 | €4,982 | ▲ 179% |
| Cash at bank and in hand54/58 | €125,960 | €32,294 | €33,184 | €5,314 | €4,998 | ▼ 6.0% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €3.4m | €3.1m | €2.8m | €2.9m | ▲ 4.2% |
| Equity10/15 | €508,216 | €168,383 | €230,584 | €299,892 | €390,853 | ▲ 30.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €1.7m | €783,847 | €742,517 | €701,190 | €659,864 | ▼ 5.9% |
| Tax-exempt reserves132 | - | €783,847 | €742,517 | €701,190 | €659,864 | ▼ 5.9% |
| Profit (loss) carried forward14 | -€1.3m | -€676,964 | -€573,432 | -€462,798 | -€330,511 | ▲ 28.6% |
| Provisions and deferred taxes16 | €587,103 | €296,210 | €255,316 | €196,426 | €155,535 | ▼ 20.8% |
| Provisions for liabilities and charges160/5 | - | €18,000 | €18,000 | €0 | - | - |
| Other liabilities and charges164/5 | - | €18,000 | €18,000 | €0 | - | - |
| Deferred taxes168 | - | €278,210 | €237,316 | €196,426 | €155,535 | ▼ 20.8% |
| Amounts payable17/49 | €5.0m | €2.9m | €2.6m | €2.3m | €2.4m | ▲ 2.9% |
| Amounts payable after more than one year17 | €2.3m | €1.9m | €1.7m | €1.5m | €2.1m | ▲ 42.5% |
| Financial debts170/4 | - | €1.9m | €1.7m | €1.5m | €2.1m | ▲ 42.5% |
| Amounts payable within one year42/48 | €2.7m | €979,956 | €903,289 | €861,351 | €310,268 | ▼ 64.0% |
| Current portion of amounts payable after more than one year42 | - | €220,582 | €228,468 | €236,641 | €303,676 | ▲ 28.3% |
| Trade debts44 | €533,404 | €221 | €1,645 | €8,146 | €6,592 | ▼ 19.1% |
| Suppliers440/4 | - | €221 | €1,645 | €8,146 | €6,592 | ▼ 19.1% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €759,152 | €673,176 | €616,564 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,144 | €137,633 | €62,202 | €69,307 | €90,961 | ▲ 31.2% |
| + Depreciation and write-downs630 | €505,641 | €257,493 | €257,254 | €258,303 | €290,082 | ▲ 12.3% |
| Operating cash flow (approximation) | €521,785 | €395,126 | €319,455 | €327,610 | €381,043 | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | €1.2m | €0 | -€16,719 | -€342,163 | ▼ 1,947% |
| Change in cash | - | -€93,666 | €890 | -€27,870 | -€316 | ▲ 98.9% |
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
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 106 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €230,584 ▲36.9%
3 profitable years in a row build equity to €230,584.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €137,633 ▲753%
Net result €137,633, the highest in the series.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €16,144
Net result €16,144 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €508,216
Equity rises from -€507,928 to €508,216.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Hoogstraten · 1 establishment unit since 2000
Ground area
1.5 ha
Building footprint
1.0 ha
Volume, LiDAR
89,832 m³
Parcel 13020F0275/00F000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IGP Immo
since 20002.094.984.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020F0275/00F000 | Flanders | 1.5 ha | 1 · 1.0 ha | 11.3 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493004FF7HDQ1CZIE90
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,427 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
Founded29-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.