ILGE Subscription Management
ActiveILGE Subscription Management has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €710k and a net result of €72k. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 9037 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71=
Solvency41=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.15 in 2023; short-term debt: 84.2% and cash: 4.5% of total assets), and 84.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9037 sector peers (2024).
NBB · sector comparisonPosition among 9037 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
on the day
2022
71 d late
2021
72 d late
2020
31 d late
2019
33 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€710k▲ 11.3%
2023 · €638k
2018: €128k
2019: €175k
2020: €240k
2021: €505k
2022: €557k
2023: €638k
2018 → 2024
Total assets
€4.50M▲ 14.7%
2023 · €3.92M
2018: €2.72M
2019: €2.88M
2020: €3.27M
2021: €3.98M
2022: €3.94M
2023: €3.92M
2018 → 2024
Net result
€72k▼ 10.5%
2023 · €80k
2018: €162k
2019: €47k
2020: €65k
2021: €65k
2022: €52k
2023: €80k
2018 → 2024
Working capital
€617k▲ 24.6%
2023 · €495k
2018: €223k
2019: €328k
2020: €505k
2021: €627k
2022: €435k
2023: €495k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€240k-€505k▲ 110%€557k▲ 10.4%€638k▲ 14.4%€710k▲ 11.3%
Operating result€114k-€88k▼ 22.9%€95k▲ 7.6%€127k▲ 34.1%€111k▼ 12.9%
Net result€65k-€65k▼ 0.8%€52k▼ 18.7%€80k▲ 53.4%€72k▼ 10.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.50M
Fixed assets
€94k▼ 38.2%
Current assets
€4.40M▲ 16.8%
Equity and liabilities €4.50M
Equity
€710k▲ 11.3%
Debt
€3.79M▲ 15.3%
The debt ratio rises from 83.7% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123k▼
2023 · €137k
Cash flow
€84k▼
2023 · €90k
Solvency
15.8%▼
2023 · 16.3%
Current ratio
1.16▲
2023 · 1.15
Quick ratio
1.16▲
2023 · 1.15
Debt / equity
5.33▲
2023 · 5.15
ROE
10.1%▼
2023 · 12.6%
ROA
1.6%▼
2023 · 2.1%
Interest coverage
7.19▼
2023 · 8.26
Debt
€3.79M▲
2023 · €3.28M
Debt ≤ 1 year
€3.78M▲
2023 · €3.27M
Debt > 1 year
€1k▼
2023 · €9k
Income taxes
€27k▼
2023 · €32k
Staff costs
€116k▲
2023 · €107k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.92M€4.50M▲
Fixed assets21/28€152k€94k▼
Tangible fixed assets22/27€27k€15k▼
Furniture and vehicles24€27k€15k▼
Financial fixed assets28€125k€79k▼
Current assets29/58€3.77M€4.40M▲
Amounts receivable within one year40/41€1.93M€2.38M▲
Trade receivables40€1.79M€2.28M▲
Other amounts receivable41€137k€100k▼
Cash at bank and in hand54/58€21k€203k▲
Deferred charges and accrued income490/1€1.82M€1.82M▼
Equity and liabilities
Total equity and liabilities10/49€3.92M€4.50M▲
Equity10/15€638k€710k▲
Contributions10/11€219k€219k=
Reserves13€285k€285k=
Distributable reserves133€285k€285k=
Profit (loss) carried forward14€134k€206k▲
Amounts payable17/49€3.28M€3.79M▲
Amounts payable after more than one year17€9k€1k▼
Financial debts170/4€9k€1k▼
Amounts payable within one year42/48€3.27M€3.78M▲
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€3.04M€3.30M▲
Suppliers440/4€3.04M€3.30M▲
Taxes, remuneration and social security45€74k€78k▲
Taxes450/3€55k€65k▲
Remuneration and social security454/9€19k€14k▼
Other amounts payable47/48€150k€400k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€107k€116k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€247k€242k▼
Operating profit (loss)9901€127k€111k▼
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€17k€17k▲
Recurring financial charges65€17k€17k▲
Profit (loss) for the period before taxes9903€113k€99k▼
Income taxes67/77€32k€27k▼
Profit (loss) for the period9904€80k€72k▼
Profit (loss) for the period to be appropriated9905€80k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€134k€206k▲
Profit (loss) brought forward from the previous period14P€54k€134k▲
Social balance
Average headcount (FTE)90871.82.0▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
State Gazette act
Demerger · Accounting effect
16-07
State Gazette act
Demerger · Accounting effect
Samuel WYNANT
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
28-05
State Gazette act
Merger · Corporate purpose
Accounting effect
28-05
State Gazette act
Business transfer · Corporate purpose
Accounting effect · Agreement date · Samuel WYNANT
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
31-12
Financial
Equity above €500kEq €505k ▲110%
4 profitable years in a row build equity to €505k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €240k ▲37.1%
3 profitable years in a row build equity to €240k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
31-12
Financial
Weakest financial yearnet €47k ▼71%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €175k ▲36.6%
2 profitable years in a row build equity to €175k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 109 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2015
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.
Grotehondstraat 322018 AntwerpenGround area
238 m²
Building footprint
151 m²
Volume, LiDAR
1,834 m³
Parcel 11806F1277/00Y005, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ILGE Subscription Management
since 20152.241.797.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1277/00Y005 | Flanders | 238 m² | 1 · 151 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
European Union, budget
2025 · 6 entries · 585,295 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 6 | 585,295 EUR |
Projects
INDIVIDUAL SUBSCRIPTIONS TO THE GENERAL AND INTERNATIONAL PRESS (DAILIES, WEEKLIES AND MONTHLIES)
INDIVIDUAL SUBSCRIPTIONS TO THE GENERAL AND INTERNATIONAL PRESS (DAILIES, WEEKLIES AND MONTHLIES)
CALENDAR YEAR SUBSCRIPTIONS
CALENDAR YEAR SUBSCRIPTION
RENEWAL OF LICENSE AGREEMENTS AND JOURNAL SUBSCRIPTIONS FOR 2026
Show 1 more projects
PROCUREMENT OF PERIODICAL SUBSCRIPTION MANAGEMENT - "POLITICO PRO" 1 YEAR
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Of 165 companies in sector 46491 we hold annual accounts for 90. 67 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2015
Fiscal year end31-12
Activities, NACEBEL
46491Wholesale trade
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:jsegers@ilge.eu