IGS GROUP

Active

Private limited companyfounded 2017active for 8 yearsH. Van Hammestraat 100, 1140 Evere, BelgiumKBO/BCE: BE 0684.863.946

Summary

The computed 12-month bankruptcy probability of IGS GROUP is 16.9% (high). For IGS GROUP, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€2,624) and a net result of -€3,194. Equity is shrinking by about 14% per year across the filed financial years. Its net result ranks better than 19% of 35,945 sector peers (NACE 43, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

IGS GROUPActive

Risk analysis Report Compare

Activity

Floor and wall tiling

NACE 43331

Size

-€2,624equity 2024

Loss: -€3,194

Turnover not published (micro format)

Financial health

Bankruptcy probabilitywithin 12 months: 16.9%

Too few figures to score

Structure

Afkir MajidDirector

2025 accounts not filed, 85 days past the deadline2 of 5 deeds summarised

Signalsraises riskFigures for financial year 2023 (filed 03-10-2024)1 change of registered office in 24 monthsNo registered site in the KBO1 financial year not filed after the legal deadline; 1 of the last 3 lateNegative equityAnnual accounts not filedneutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score

Insufficient figures

A score requires measurable solvency, liquidity and profitability.

Bankruptcy probability: High

Filing: One filing cycle is missing

Bankruptcy probability, 12 months

16.9% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)

Last 24 months 11-2024: 5.2% 12-2024: 5.2%● unchanged vs 11-2024 01-2025: 5.3%▲ +0.1 percentage points vs 12-2024 02-2025: 5.4%▲ +0.1 percentage points vs 01-2025 03-2025: 5.4%● unchanged vs 02-2025 04-2025: 5.3%▼ -0.1 percentage points vs 03-2025 05-2025: 5.2%▼ -0.1 percentage points vs 04-2025 06-2025: 5.1%▼ -0.1 percentage points vs 05-2025 07-2025: 5.2%▲ +0.1 percentage points vs 06-2025 08-2025: 4.0%▼ -1.2 percentage points vs 07-2025lowest value 09-2025: 4.2%▲ +0.2 percentage points vs 08-2025 10-2025: 6.4%▲ +2.2 percentage points vs 09-2025 11-2025: 6.5%▲ +0.1 percentage points vs 10-2025 12-2025: 7.5%▲ +1.0 percentage point vs 11-2025 01-2026: 9.5%▲ +2.0 percentage points vs 12-2025 02-2026: 9.5%● unchanged vs 01-2026 03-2026: 9.8%▲ +0.3 percentage points vs 02-2026 04-2026: 14.7%▲ +4.9 percentage points vs 03-2026 05-2026: 14.7%● unchanged vs 04-2026 06-2026: 14.5%▼ -0.2 percentage points vs 05-2026 07-2026: 14.1%▼ -0.4 percentage points vs 06-2026 08-2026: 17.0%▲ +2.9 percentage points vs 07-2026highest value 09-2026: 16.9%▼ -0.1 percentage points vs 08-2026 10-2026: 16.9%● unchanged vs 09-2026

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.

raises riskneutral

Figures for financial year 2023 (filed 03-10-2024)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

No registered site in the KBO

KBO · seat and establishments

1 financial year not filed after the legal deadline; 1 of the last 3 late

NBB · filings

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€2,624

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.

NBB · 7 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline24-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not filed

2024

7 days early

2023

61 days late

2022

30 days late

2021

30 days late

2020

31 days late

2019

132 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 46 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-03-2026 Resignation: Saylam Gülcihan (director and partner)Appointment: Afkir Majid (director and…
24-07-2025 Annual accounts filedfinancial year 2024 · micro…
30-09-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€2,624 View
Caution: Among the weakest 9% on equitysector median €58,308 · 35,993 companies -€2,624 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 85 days past the deadline View
Caution: Board changedlatest change 03-03-2026 · 1 in office 1 joined · 1 left View
Caution: 2 loss-making years in a rowloss financial year 2024 -€3,194 View

By topic

Financials

Financial year: 2024
Loss: -€3,194
Equity: -€2,624

Total assets▼ 72.5%

Net result

20182023

Go to Financials

Board & ownership

Board: 1 member

Afkir MajidDirector

Go to Board & ownership

Timeline

Events: 9
Since: 2019

04-07-2024Resignation: SAYLAM Gülcihan (manager)
30-08-2023Annual accounts filed
30-08-2022Annual accounts filed

Go to Timeline

Company details

Legal form: Private limited company
Activity: Floor and wall tilingNACE 43331
Founded: 21-11-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 20

Annual meeting: Third Tuesday of June at 18:00

Go to Articles of association

Key facts about IGS GROUP

What is the company number of IGS GROUP?: 0684.863.946. In Belgium the VAT number is the company number with BE in front: BE 0684.863.946.
Where is IGS GROUP based?: The registered office is at H. Van Hammestraat 100, 1140 Evere.Company details
What does IGS GROUP do?: According to the KBO register, the main activity is floor and wall tiling (NACE 43331).
What is the legal form of IGS GROUP?: Private limited company (BV).
When was IGS GROUP founded?: On 21-11-2017.
Is IGS GROUP still active?: Yes, IGS GROUP is an active enterprise in the KBO register.
What is the turnover of IGS GROUP?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is IGS GROUP profitable?: In financial year 2024, IGS GROUP made a loss of €3,194.
Where can I find the annual accounts of IGS GROUP?: IGS GROUP filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

Companies related to IGS GROUP

Comparable companies

A.D.E. PARQUETSSint-Lambrechts-Woluwe
APEX QUALITYWaterloo
ARTGOLDSint-Gillis (bij-Brussel)
ATEBORoosdaal
B.R.V.Ternat

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Overview