Active BE 0521.940.865Private limited company

ILGIN

Lorkenlaan 15 ·2940 Stabroek, Belgium· 13 yrs active

Sector: Freight transport by road (49410)

Conclusion Checked

ILGIN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €202k and a net result of €23k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 6710 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€202k
Net result	€23k
Better than sector	41%
Active	13 yrs

Financial profile 5 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 58

Solvency 52

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2013, 13 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€17k

estimate, not credit advice

Score history

68 2021

41 2022

86 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.33 (≥ 1.0) +5

Quick ratio Quick ratio 1.33 (≥ 1.0) +5

Profitability ROE 12% (≥ 10%) +10

Interest coverage Interest coverage 14.7× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, net result would indicatively turn negative around fiscal year 2025, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	28.8%	37.3%	better than 41% of 6710 sector peers
Net result	€23k	€6k	better than 77% of 6673 sector peers
Equity	€202k	€34k	better than 87% of 6718 sector peers
Gross operating margin	€532k	€39k	better than 95% of 6650 sector peers
Staff costs	€355k	€49k	higher than 94% of 3233 sector peers

EBITDA

€122k

-7.7% 21-24

Net profit

€23k

+228.1% 21-24

Cash flow

€103k

-10.7% 21-24

Total assets

€701k

-27.6% 21-24

Equity

€202k

+38.2% 21-24

Working capital

€135k

- 21-24

Staff costs

€355k

+185.8% 21-24

Income taxes

€10k

+14.7% 21-24

Debt

€499k

-39.3% 21-24

Debt ≤ 1y

€411k

-43.1% 21-24

Debt > 1y

€85k

-16.0% 21-24

Current ratio

1.33

+56.5% 21-24

Quick ratio

1.33

+56.5% 21-24

Solvency

28.8%

+91.0% 21-24

Debt / equity

2.47

-56.1% 21-24

ROE

11.6%

+137.3% 21-24

ROA

3.3%

+353.2% 21-24

Interest coverage

14.70

-17.9% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2022	2021
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€122k	€132k	€242k
Net profit	€23k	€7k	€124k
Cash flow	€103k	€116k	€220k
Staff costs	€355k	€124k	€124k
Income taxes	€10k	€9k	€15k
Dividends	-	-	-
Total assets	€701k	€969k	€669k
Equity	€202k	€146k	€139k
Debt	€499k	€823k	€530k
of which ≤ 1y	€411k	€722k	€411k
of which > 1y	€85k	€101k	€119k
Working capital	€135k	€-109k	€2k
Employees (FTE)	-	-	-

Ratios (computed)

	2024	2022	2021
Current ratio	1.33	0.85	1.01
Quick ratio	1.33	0.85	1.01
Working capital ratio	19.2%	-11.3%	0.4%
Solvency	28.8%	15.1%	20.8%
Debt / equity	2.47	5.63	3.82
Long-term debt ratio	0.42	0.69	0.86
Interest coverage	14.70	17.90	37.50
Gross margin	-	-	-
Net margin	-	-	-
ROA	3.3%	0.7%	18.5%
ROE	11.6%	4.9%	89.1%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €156k · 22.2% Current assets €546k · 77.8%

Equity & liabilities

Equity €202k · 28.8% Debt €499k · 71.2%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€701k	€969k	€669k
Fixed assets	21/28	€156k	€356k	€256k
Tangible fixed assets	22/27	€153k	€356k	€256k
Financial fixed assets	28	€3k	€500	-
Current assets	29/58	€546k	€612k	€414k
Amounts receivable within one year	40/41	€489k	€578k	€351k
Cash & bank	54/58	€55k	€33k	€62k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€701k	€969k	€669k
Equity	10/15	€202k	€146k	€139k
Contributions / capital	10/11	€6k	€6k	€6k
Reserves	13	€2k	€2k	€2k
Accumulated profits (losses)	14	€194k	€138k	€131k
Amounts payable	17/49	€499k	€823k	€530k
Amounts payable after one year	17	€85k	€101k	€119k
Amounts payable within one year	42/48	€411k	€722k	€411k
Trade debts payable within one year	44	€258k	€484k	€200k
Income statement
Gross operating margin	9900	€532k	€362k	€376k
Operating result	9901	€42k	€23k	€146k
Financial income	75	€6	€2	-
Financial charges	65	€8k	€7k	€6k
Result before taxes	9903	€33k	€16k	€139k
Income taxes	67/77	€10k	€9k	€15k
Net result for the period	9904	€23k	€7k	€124k
Result to be appropriated	9905	€23k	€7k	€124k

Directors & mandates 3 directors

Current directors & mandates

Esra Ilgin
Director
State Gazette act 25041179 (27-03-2025)

Current
27-03-2025 → present
Mert Ilgin
Director
State Gazette act 25041179 (27-03-2025)

Current
27-03-2025 → present

Former directors (1)

Ilgin Arif
Director
State Gazette act 25041179 (27-03-2025)

Former
- → 31-12-2024

Legal Structure

NACE primary	Freight transport by road(49410)
Legal form	Private limited company(610)
Incorporation	11-03-2013
Status	Active
Postal code	2940

Establishment units 1 location

Ilgin Transport

Klein Lepelstraat 18, 2940 StabroekFreight transport by road

since 20132.218.103.453

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11044A0074/00V004	Flanders	1,081 m²	1 · 99 m²	10.8 m · 2 fl.
11020I0374/00B004	Flanders	391 m²	1 · 64 m²	9.2 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

27-03

State Gazette act Director changes

2024

31-12

Financial Equity above €200kEq €202k ▲38.2%

3 profitable years in a row build equity to €202k.

2023

14-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 45 days late

2022

31-12

Financial Weakest financial yearnet €7k ▼94.3%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

14-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

25-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 86 days late

2020

27-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 27 days late

2019

12-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 43 days late

2018

12-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

13-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

2015

10-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

27-03-2025 2 directors appointed, 1 resigning Director changes

Mert Ilgin, Bestuurder
Esra Ilgin, Bestuurder
Ilgin Arif, Bestuurder

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ilgin Arif",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-12-31",
      "evidence_quote": "De heer Ilgin Arif wordt vanaf 31 december 2024 ontslagen als bestuurder. Er wordt kwijting verleend over de periode actief als bestuurder.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Mert Ilgin",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De heer Ilgin Mert die aanvaardt 85 aandelen.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Esra Ilgin",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Esra Ilgin: 15 aandelen",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-03-27",
    "filing_date": "2025-03-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-12-31",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0521.940.865",
    "name_full": "llgin",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Freight transport by road49410

Names & trade names

Legal nameNL

ILGIN

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