IGUAL

Active

Private limited companyfounded 20188 yrs activeStapelplein 31, 9000 Gent, BelgiumKBO/BCE: BE 0699.766.710

The computed 12-month bankruptcy probability of IGUAL is 2.0% (moderate). The 2025 annual accounts show equity of €122k and a net result of €-7k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 13009 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

40 / 100

Weak▼ -6 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-13

Solvency29▼-2

Growth52=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days only on tighter terms

Liquidity tight (current ratio 1.19 against 0.55 in 2024), and 79.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

23 d early

2024

37 d early

2023

39 d early

2022

18 d early

2021

1 d early

2020

on the day

2019

28 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€122k▼ 5.2%

2024 · €129k

2019: €11k 2020: €14k 2021: €93k 2022: €116k 2023: €126k 2024: €129k

2019 → 2025

Total assets

€610k▲ 26.1%

2024 · €484k

2019: €338k 2020: €330k 2021: €412k 2022: €551k 2023: €567k 2024: €484k

2019 → 2025

Net result

€-7k

2024 · €3k

2019: €4k 2020: €3k 2021: €79k 2022: €23k 2023: €10k 2024: €3k

2019 → 2025

Working capital

€52k

2024 · €-123k

2019: €-150k 2020: €-118k 2021: €-51k 2022: €-149k 2023: €-138k 2024: €-123k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€93k-€116k▲ 24.7%€126k▲ 8.8%€129k▲ 2.6%€122k▼ 5.2%

Operating result€106k-€38k▼ 64.3%€24k▼ 36.1%€21k▼ 11.3%€-6k

Net result€79k-€23k▼ 71.1%€10k▼ 55.8%€3k▼ 67.5%€-7k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €6k after €21k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €610k

47.3%

52.7%

Fixed assets €289k▼ 13.1%

Current assets €321k▲ 112%

Equity and liabilities €610k

20.1%

79.9%

Equity €122k▼ 5.2%

Debt €488k▲ 37.4%

The debt ratio rises from 73.3% to 79.9%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€72k▼

2024 · €99k

Cash flow

€71k▼

2024 · €81k

Solvency

20.1%▼

2024 · 26.7%

Current ratio

1.19▲

2024 · 0.55

Quick ratio

0.99▲

2024 · 0.29

Debt / equity

3.98▲

2024 · 2.75

ROE

-5.5%▼

2024 · 2.6%

ROA

-1.1%▼

2024 · 0.7%

Interest coverage

6.73▼

2024 · 7.93

Debt

€488k▲

2024 · €355k

Debt ≤ 1 year

€270k▼

2024 · €275k

Debt > 1 year

€218k▲

2024 · €80k

Income taxes

€0▼

2024 · €6k

Staff costs

€174k▼

2024 · €330k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€484k€610k▲

Fixed assets21/28€332k€289k▼

Intangible fixed assets21€4k€2k▼

Tangible fixed assets22/27€321k€280k▼

Plant, machinery and equipment23€246k€195k▼

Furniture and vehicles24€13k€12k▼

Other tangible fixed assets26€62k€73k▲

Financial fixed assets28€6k€6k=

Current assets29/58€152k€321k▲

Stocks and contracts in progress3€71k€54k▼

Stocks30/36€71k€54k▼

Amounts receivable within one year40/41€39k€244k▲

Trade receivables40€23k€16k▼

Other amounts receivable41€15k€229k▲

Cash at bank and in hand54/58€40k€18k▼

Deferred charges and accrued income490/1€3k€5k▲

Equity and liabilities

Total equity and liabilities10/49€484k€610k▲

Equity10/15€129k€122k▼

Contributions10/11€6k€6k=

Reserves13€123k€123k=

Distributable reserves133€123k€123k=

Profit (loss) carried forward14-€-7k

Amounts payable17/49€355k€488k▲

Amounts payable after more than one year17€80k€218k▲

Financial debts170/4€80k€218k▲

Amounts payable within one year42/48€275k€270k▼

Current portion of amounts payable after more than one year42€56k€53k▼

Financial debts43€2k€742▼

Credit institutions430/8€2k€742▼

Trade debts44€166k€194k▲

Suppliers440/4€166k€194k▲

Advances received on contracts in progress46€3k€0▼

Taxes, remuneration and social security45€47k€22k▼

Taxes450/3€13k€4k▼

Remuneration and social security454/9€35k€18k▼

Other amounts payable47/48€500€220▼

Income statement Code20242025

Remuneration, social security and pensions62€330k€174k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€78k▲

Other operating charges640/8€25k€2k▼

Non-recurring operating charges66A€3k€0▼

Gross operating margin9900€457k€248k▼

Operating profit (loss)9901€21k€-6k▼

Financial income75/76B€0€10k▲

Recurring financial income75€0€10k▲

Financial charges65/66B€12k€11k▼

Recurring financial charges65€12k€11k▼

Profit (loss) for the period before taxes9903€9k€-7k▼

Income taxes67/77€6k€0▼

Profit (loss) for the period9904€3k€-7k▼

Profit (loss) for the period to be appropriated9905€3k€-7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3k€-7k▼

Transfer to equity691/2€3k€0▼

To other reserves6921€3k€0▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

Next filing, fiscal year 2026, expected by 30-04-2027

2026

07-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Weakest financial yearnet €-7k ▼304%

Net result drops to €-7k, the lowest in the series.

30-09

Financial Liquidity doublescurrent ratio 1.19

Current ratio from 0.55 to 1.19; short-term debt falls from €275k to €270k.

24-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

22-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

12-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-09

Financial Equity above €100kEq €116k ▲24.7%

4 profitable years in a row build equity to €116k.

29-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Highest result since 2019net €79k ▲2537%

Operating result €106k, net result €79k, both a record.

30-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

28-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 28 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-09-2022 Resigned as Director

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2018

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stapelplein 319000 Gent

Ground area

192 m²

Building footprint

187 m²

Volume, LiDAR

1,880 m³