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ILGE Subscription Management

Active
Private limited companyfounded 2015active for 11 yearsGrotehondstraat 32, 2018 Antwerpen, BelgiumKBO/BCE: BE 0598.797.529

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of ILGE Subscription Management is 2.7% (moderate). The 2024 annual accounts show equity of €709,858 and a net result of €71,970. Equity has been growing by about 37% per year since 2018. Its solvency ranks better than 20% of 8,965 sector peers (NACE 46, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 19-02-2015 Normal situation
Legal form
Private limited company
Registered office
Grotehondstraat 32, 2018 Antwerpen
Activity
Wholesale trade NACE 46491and 1 other
Establishment unit
2.241.797.880 2018 Antwerpen, since 19-02-2015
Financial year end
31 December
Peppol
Reachable since 15-04-2026

Board and ownership

Board
  • ILGE Beheer Maatschappij B.V.Director
Shareholders

Financial position

51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.7%
Annual accounts 2024
Gross margin
€241,530
▼ 2.2%
Turnover
≈ €990,000
estimated
Profit
€71,970
▼ 10.5%
Equity
€709,858
▲ 11.3%
Total assets
€4.5m
▲ 14.7%
Staff
2 FTE
▲ 11.1%
2025 accounts not filed, 93 days past the deadline
Filed on 26-06-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 26-06-2025)Liquidity: current ratio 1.16, cash €202,754Equity €709,858 (15.8% of total assets)lowers riskSize: 2 FTE, total assets €4.5mShow the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Weak
Solvency 41=
equity 15.8% of total assets
Liquidity 9+4
short-term debt 84.2% · cash 4.5%
Profitability 71=
return on assets 1.6%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.2%▲ +0.2 percentage points vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.6%▲ +0.4 percentage points vs 05-2025 07-2025: 0.5%▼ -1.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.2 percentage points vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.2%▲ +0.5 percentage points vs 07-2026 09-2026: 1.4%▲ +0.2 percentage points vs 08-2026 10-2026: 2.7%▲ +1.3 percentage points vs 09-2026highest value
Credit of up to €35,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.16 (1.15 in 2023), below the usual 1.5. Short-term debt is 84.2% and cash 4.5% of total assets. 84.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 28% of them on solvency, 11% on liquidity, 55% on profitability and 66% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 26-06-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.16, cash €202,754
NBB · annual accounts
lowers risk · Size: 2 FTE, total assets €4.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €709,858 (15.8% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8965 sector peers (2024).
NBB · sector comparison
Position among 8965 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · 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, 93 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
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 filings
Deviation from the deadline
2025
not filed
2024
35 days early
2023
on the day
2022
71 days late
2021
72 days late
2020
31 days late
2019
33 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 29 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 80% of companies in wholesale tradesector median 44.0% · 8,965 companies 15.8% View
  • Positive: 7 profitable years in a rowprofit 2024: €71,970 7 years View
  • EU supportawarded in 2025 €585,295 View

Documents

Annual accounts at the NBB

All 9 annual accounts

Articles and registers

Key facts about ILGE Subscription Management

What is the company number of ILGE Subscription Management?
The company number of ILGE Subscription Management is 0598.797.529. The VAT number is the same number with BE in front: BE 0598.797.529.
Where is ILGE Subscription Management based?
The registered office is at Grotehondstraat 32, 2018 Antwerpen.Company details
What does ILGE Subscription Management do?
According to the KBO register, the main activity is wholesale trade (NACE 46491).
What is the legal form of ILGE Subscription Management?
The legal form of ILGE Subscription Management is Private limited company (BV).
When was ILGE Subscription Management founded?
ILGE Subscription Management was founded on 19-02-2015.
Is ILGE Subscription Management still active?
Yes, ILGE Subscription Management is an active enterprise in the KBO register.
How many employees does ILGE Subscription Management have?
ILGE Subscription Management had an average of 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of ILGE Subscription Management?
The turnover in financial year 2024 is ≈ €990,000. This figure is estimated from the gross margin of €241,530 and 30 comparable companies (NACE 464). It probably lies between €610,000 and €1.4m.
Is ILGE Subscription Management profitable?
In financial year 2024, ILGE Subscription Management made a profit of €71,970.
Where can I find the annual accounts of ILGE Subscription Management?
ILGE Subscription Management filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

Comparable companies

These companies have the same main activity as ILGE Subscription Management: wholesale trade (NACE 46491). They are comparable in size and age: total assets between €482,000 and €4.6m, founded between 2005 and 2015.

CompanyTotal assetsGross margin
ILGE Subscription Management Antwerpen€4.5m€0.2m
ENFANT TERRIBLE Kluisbergen€1.4m€0.4m
CARTOUCHES Waregem€0.9m€0.2m
LICHTVIS Brugge€4.6m€1.3m
MEKANIK Antwerpen€0.5m€0.1m
BESTINGRAPHICS Vosselaar€1.3m€0.2m
BEERLANDT PUBLICATIONS Lierde€1.0m€0.2m
Full comparison

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