ijstijd
ActiveSummary
ijstijd has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €693,542 and a net result of €188,577. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 811 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency77▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.74 in 2024; short-term debt: 38.2% and cash: 14.3% of total assets), and 47.8% 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○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.2%
Return on assets
14.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-01-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
34 d early
2023
69 d early
2022
67 d early
2021
109 d early
2020
72 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 21 February (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Oudenburg, Manufacturing sector#5 company by equity in Oudenburg, Manufacturing sector#5 oldest company in Oudenburg, Manufacturing sector
Equity
€693,542▼ 9.3%
2024 · €764,866
Total assets
€1.3m▼ 5.3%
2024 · €1.4m
Net result
€188,577▲ 0.8%
2024 · €186,992
Working capital
€262,094▼ 21.0%
2024 · €331,873
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€132,784▼ 5.7%€192,333▲ 44.8%€266,933▲ 38.8%€254,330▼ 4.7%€253,179▼ 0.5%
Net result€90,193within the sector's middle half▼ 12.2%€127,724within the sector's middle half▲ 41.6%€175,937above the sector's middle half▲ 37.7%€186,992within the sector's middle half▲ 6.3%€188,577above the sector's middle half▲ 0.8%
Equity€468,390within the sector's middle half▼ 5.6%€535,405within the sector's middle half▲ 14.3%€708,373within the sector's middle half▲ 32.3%€764,866within the sector's middle half▲ 8.0%€693,542above the sector's middle half▼ 9.3%
Total assets€1.0mwithin the sector's middle half▲ 0.7%€1.2mwithin the sector's middle half▲ 19.7%€1.3mwithin the sector's middle half▲ 8.6%€1.4mwithin the sector's middle half▲ 4.2%€1.3mwithin the sector's middle half▼ 5.3%
Debt€564,379▲ 6.8%€701,966▲ 24.4%€636,435▼ 9.3%€637,867▲ 0.2%€635,570▼ 0.4%
Working capital€89,138within the sector's middle half▼ 44.7%€103,813within the sector's middle half▲ 16.5%€292,268within the sector's middle half▲ 182%€331,873within the sector's middle half▲ 13.6%€262,094within the sector's middle half▼ 21.0%
Solvency45.2%within the sector's middle half▼ 3.0pp43.2%within the sector's middle half▼ 2.0pp52.6%within the sector's middle half▲ 9.4pp54.5%within the sector's middle half▲ 1.9pp52.2%within the sector's middle half▼ 2.3pp
Current ratio1.29within the sector's middle half▼ 0.541.26within the sector's middle half▼ 0.031.75within the sector's middle half▲ 0.491.74within the sector's middle half▼ 0.011.52within the sector's middle half▼ 0.23
Return on assets (ROA)8.7%within the sector's middle half▼ 1.3pp10.3%within the sector's middle half▲ 1.6pp13.1%within the sector's middle half▲ 2.8pp13.3%within the sector's middle half▲ 0.3pp14.2%above the sector's middle half▲ 0.9pp
Staff (FTE)2.6below the sector's middle half▲ 8.3%3.7within the sector's middle half▲ 42.3%4.3within the sector's middle half▲ 16.2%3.9within the sector's middle half▼ 9.3%5.5within the sector's middle half▲ 41.0%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€559,847 ▼ 10.4%
Current assets
€769,393 ▼ 1.2%
Equity and liabilities €1.3m
Equity
€693,542 ▼ 9.3%
Provisions
€127 ▼ 69.9%
Debt
€635,570 ▼ 0.4%
Debt's share of the balance-sheet total rises from 45.5% to 47.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€337,669▼
2024 · €351,932
Cash flow
€273,066▼
2024 · €284,594
Quick ratio
0.80▼
2024 · 1.21
Debt to equity
0.92▲
2024 · 0.83
ROE
27.2%▲
2024 · 24.4%
Interest coverage
15.54▲
2024 · 12.50
Debt ≤ 1 year
€507,299▲
2024 · €446,719
Debt > 1 year
€110,301▼
2024 · €173,140
Income taxes
€43,168▲
2024 · €42,352
Staff costs
€293,523▲
2024 · €204,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €177,646 | €208,251 | €204,021 | €293,523 | ▲ 43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,984 | €86,078 | €96,000 | €97,602 | €84,489 | ▼ 13.4% |
| Other operating charges640/8 | - | €16,199 | €16,570 | €16,825 | €13,746 | ▼ 18.3% |
| Gross operating margin9900 | €361,058 | €472,255 | €587,754 | €572,777 | €644,938 | ▲ 12.6% |
| Operating profit (loss)9901 | €132,784 | €192,333 | €266,933 | €254,330 | €253,179 | ▼ 0.5% |
| Financial income75/76B | - | €1,709 | €5,712 | €2,208 | €0 | ▼ 100% |
| Recurring financial income75 | €74 | €1,709 | €5,712 | €2,208 | €0 | ▼ 100% |
| Financial charges65/66B | - | €22,614 | €20,374 | €28,152 | €21,730 | ▼ 22.8% |
| Recurring financial charges65 | €16,087 | €22,614 | €20,374 | €28,152 | €21,730 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €116,771 | €171,427 | €252,270 | €228,385 | €231,450 | ▲ 1.3% |
| Transfer from deferred taxes780 | - | €959 | €959 | €959 | €295 | ▼ 69.2% |
| Income taxes67/77 | €27,537 | €44,662 | €77,292 | €42,352 | €43,168 | ▲ 1.9% |
| Profit (loss) for the period9904 | €90,193 | €127,724 | €175,937 | €186,992 | €188,577 | ▲ 0.8% |
| Transfer from tax-exempt reserves789 | - | €2,881 | €2,881 | €2,881 | €887 | ▼ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €93,073 | €130,605 | €178,817 | €189,873 | €189,464 | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.2m | €1.3m | €1.4m | €1.3m | ▼ 5.3% |
| Fixed assets21/28 | €643,754 | €739,259 | €663,718 | €624,563 | €559,847 | ▼ 10.4% |
| Intangible fixed assets21 | - | €5,397 | €4,317 | €3,237 | €2,157 | ▼ 33.4% |
| Tangible fixed assets22/27 | €642,129 | €732,237 | €657,775 | €619,701 | €556,064 | ▼ 10.3% |
| Land and buildings22 | - | €388,307 | €366,256 | €342,893 | €319,562 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €299,851 | €257,131 | €249,402 | €220,147 | ▼ 11.7% |
| Furniture and vehicles24 | - | €44,079 | €34,389 | €27,407 | €16,356 | ▼ 40.3% |
| Financial fixed assets28 | €1,625 | €1,625 | €1,625 | €1,625 | €1,625 | = |
| Current assets29/58 | €392,314 | €500,453 | €682,472 | €778,592 | €769,393 | ▼ 1.2% |
| Stocks and contracts in progress3 | €144,147 | €181,573 | €220,743 | €240,029 | €365,393 | ▲ 52.2% |
| Stocks30/36 | - | €181,573 | €220,743 | €240,029 | €365,393 | ▲ 52.2% |
| Amounts receivable within one year40/41 | €115,634 | €108,186 | €373,114 | €317,974 | €207,197 | ▼ 34.8% |
| Trade receivables40 | - | €101,234 | €172,269 | €126,420 | €102,717 | ▼ 18.7% |
| Other amounts receivable41 | - | €6,951 | €200,845 | €191,554 | €104,479 | ▼ 45.5% |
| Cash at bank and in hand54/58 | €128,574 | €206,198 | €81,682 | €213,710 | €190,108 | ▼ 11.0% |
| Deferred charges and accrued income490/1 | - | €4,497 | €6,934 | €6,879 | €6,695 | ▼ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.3m | €1.4m | €1.3m | ▼ 5.3% |
| Equity10/15 | €468,390 | €535,405 | €708,373 | €764,866 | €693,542 | ▼ 9.3% |
| Contributions10/11 | - | €81,050 | €81,050 | €81,050 | €81,050 | = |
| Reserves13 | €386,656 | €453,635 | €626,555 | €683,374 | €611,787 | ▼ 10.5% |
| Tax-exempt reserves132 | - | €46,235 | €43,355 | €40,474 | €39,587 | ▼ 2.2% |
| Distributable reserves133 | - | €407,400 | €583,200 | €642,900 | €572,200 | ▼ 11.0% |
| Profit (loss) carried forward14 | €684 | €720 | €769 | €442 | €705 | ▲ 59.7% |
| Provisions and deferred taxes16 | €3,300 | €2,341 | €1,382 | €422 | €127 | ▼ 69.9% |
| Deferred taxes168 | - | €2,341 | €1,382 | €422 | €127 | ▼ 69.9% |
| Amounts payable17/49 | €564,379 | €701,966 | €636,435 | €637,867 | €635,570 | ▼ 0.4% |
| Amounts payable after more than one year17 | €259,360 | €299,546 | €235,101 | €173,140 | €110,301 | ▼ 36.3% |
| Financial debts170/4 | - | €299,546 | €235,101 | €173,140 | €110,301 | ▼ 36.3% |
| Amounts payable within one year42/48 | €303,177 | €396,640 | €390,204 | €446,719 | €507,299 | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €80,390 | €64,444 | €61,961 | €62,839 | ▲ 1.4% |
| Trade debts44 | €26,873 | €60,247 | €59,928 | €38,295 | €32,289 | ▼ 15.7% |
| Suppliers440/4 | - | €60,247 | €59,928 | €38,295 | €32,289 | ▼ 15.7% |
| Taxes, remuneration and social security45 | - | €32,037 | €40,836 | €3,073 | €11,501 | ▲ 274% |
| Taxes450/3 | - | €24,866 | €30,257 | €3,073 | €1,539 | ▼ 49.9% |
| Remuneration and social security454/9 | - | €7,171 | €10,579 | €0 | €9,962 | - |
| Other amounts payable47/48 | - | €223,966 | €224,995 | €343,390 | €400,671 | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | €5,781 | €11,129 | €18,008 | €17,970 | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,193 | €127,724 | €175,937 | €186,992 | €188,577 | ▲ 0.8% |
| + Depreciation and write-downs630 | €81,984 | €86,078 | €96,000 | €97,602 | €84,489 | ▼ 13.4% |
| Operating cash flow (approximation) | €172,177 | €213,802 | €271,937 | €284,594 | €273,066 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | -€181,583 | -€20,459 | -€58,447 | -€19,773 | ▲ 66.2% |
| Change in cash | - | €77,624 | -€124,516 | €132,028 | -€23,602 | ▼ 118% |
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
Next filing, fiscal year 2026, expected by
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €188,577 ▲0.8%
Net result €188,577, the highest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €500,000Eq €535,405 ▲14.3%
5 profitable years in a row build equity to €535,405.
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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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Directors · office · real estate
Directors
4 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, Oudenburg · 1 establishment unit since 2003
Ground area
1,520 m²
Building footprint
409 m²
Volume, LiDAR
1,716 m³
Parcel 35004C0592/00L000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lo Hugo
since 20032.134.108.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35004C0592/00L000 | Flanders | 1,520 m² | 1 · 409 m² | 8.6 m · 1 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
Food safety, FASFC
1 siteOudenburg2.134.108.777
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Of 608 companies in sector 10520 we hold annual accounts for 235. 116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-10-2003
Fiscal year end30-09
Activities, NACEBEL 2025
10520Manufacture of food products
47120Other non-specialised retail sale
Contact
Website
www.ijstijd.be
Website
www.lohugo.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860832537
Also
9925:BE0860832537
Registered
21-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.