ILGIN
ActiveSummary
The computed 12-month bankruptcy probability of ILGIN is 3.4% (moderate). The 2025 annual accounts show equity of €32k and a net result of €26k. Its solvency ranks better than 84% of 13417 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+93
Solvency96▲+52
Growth78
Track record82
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 0.82 in 2024; short-term debt: 28.5% and cash: 69% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
71.5%
Return on assets
58.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▲ 434%
2024 · €6k
2024: €6k
2025: €32k▲ +434% vs 2024
2024 → 2025
Total assets
€45k▲ 38.9%
2024 · €32k
2024: €32k
2025: €45k▲ +38.9% vs 2024
2024 → 2025
Net result
€26k
2024 · €-3k
2024: €-3k
2025: €26k▲ +961% vs 2024
2024 → 2025
Working capital
€23k
2024 · €-5k
2024: €-5k
2025: €23k▲ +578% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€6k-€32k▲ 434%
2024: €6k
2025: €32k▲ +434% vs 2024
Operating result€-3k-€32k
2024: €-3k
2025: €32k▲ +1244% vs 2024
Net result€-3k-€26k
2024: €-3k
2025: €26k▲ +961% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€9k ▼ 14.5%
Current assets
€35k ▲ 65.6%
Equity and liabilities €45k
Equity
€32k ▲ 434%
Debt
€13k ▼ 51.4%
Debt's share of the balance-sheet total falls from 81.4% to 28.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €-1k
Cash flow
€28k▲
2024 · €-1k
Current ratio
2.79▲
2024 · 0.82
Quick ratio
2.66▲
2024 · 0.82
Debt to equity
0.40▼
2024 · 4.38
ROE
81.3%▲
2024 · -50.4%
ROA
58.1%▲
2024 · -9.4%
Interest coverage
162.97▲
2024 · -3.83
Debt ≤ 1 year
€13k▼
2024 · €26k
Income taxes
€5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€45k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€21k€35k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€309€3k▲
Trade receivables40-€70
Other amounts receivable41€309€3k▲
Cash at bank and in hand54/58€21k€31k▲
Deferred charges and accrued income490/1-€274
Equity and liabilities
Total equity and liabilities10/49€32k€45k▲
Equity10/15€6k€32k▲
Contributions10/11€9k€9k=
Profit (loss) carried forward14€-3k€23k▲
Amounts payable17/49€26k€13k▼
Amounts payable within one year42/48€26k€13k▼
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€21k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€817€128▼
Gross operating margin9900€-290€33k▲
Operating profit (loss)9901€-3k€32k▲
Financial income75/76B€40€1▼
Recurring financial income75€40€1▼
Financial charges65/66B€289€204▼
Recurring financial charges65€289€204▼
Profit (loss) for the period before taxes9903€-3k€31k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-3k€26k▲
Profit (loss) for the period to be appropriated9905€-3k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€23k▲
Profit (loss) brought forward from the previous period14P-€-3k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | ▼ 6.2% |
| Other operating charges640/8 | €817 | €128 | ▼ 84.3% |
| Gross operating margin9900 | €-290 | €33k | ▲ 11,574% |
| Operating profit (loss)9901 | €-3k | €32k | ▲ 1,244% |
| Financial income75/76B | €40 | €1 | ▼ 98.5% |
| Recurring financial income75 | €40 | €1 | ▼ 98.5% |
| Financial charges65/66B | €289 | €204 | ▼ 29.6% |
| Recurring financial charges65 | €289 | €204 | ▼ 29.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €31k | ▲ 1,143% |
| Income taxes67/77 | - | €5k | - |
| Profit (loss) for the period9904 | €-3k | €26k | ▲ 961% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €26k | ▲ 961% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32k | €45k | ▲ 38.9% |
| Fixed assets21/28 | €11k | €9k | ▼ 14.5% |
| Tangible fixed assets22/27 | €11k | €9k | ▼ 14.5% |
| Plant, machinery and equipment23 | €8k | €7k | ▼ 11.2% |
| Furniture and vehicles24 | €2k | €2k | ▼ 25.2% |
| Current assets29/58 | €21k | €35k | ▲ 65.6% |
| Stocks and contracts in progress3 | - | €2k | - |
| Stocks30/36 | - | €2k | - |
| Amounts receivable within one year40/41 | €309 | €3k | ▲ 790% |
| Trade receivables40 | - | €70 | - |
| Other amounts receivable41 | €309 | €3k | ▲ 767% |
| Cash at bank and in hand54/58 | €21k | €31k | ▲ 46.0% |
| Deferred charges and accrued income490/1 | - | €274 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32k | €45k | ▲ 38.9% |
| Equity10/15 | €6k | €32k | ▲ 434% |
| Contributions10/11 | €9k | €9k | = |
| Profit (loss) carried forward14 | €-3k | €23k | ▲ 861% |
| Amounts payable17/49 | €26k | €13k | ▼ 51.4% |
| Amounts payable within one year42/48 | €26k | €13k | ▼ 51.4% |
| Trade debts44 | €6k | €7k | ▲ 26.5% |
| Suppliers440/4 | €6k | €7k | ▲ 26.5% |
| Taxes, remuneration and social security45 | - | €6k | - |
| Taxes450/3 | - | €6k | - |
| Other amounts payable47/48 | €21k | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €26k | ▲ 961% |
| + Depreciation and write-downs630 | €2k | €2k | ▼ 6.2% |
| Operating cash flow (approximation) | €-1k | €28k | ▲ 2,127% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €10k | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.79
Current ratio from 0.82 to 2.79; short-term debt falls from €26k to €13k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2024
Ground area
3,068 m²
Building footprint
271 m²
Volume, LiDAR
1,035 m³
Parcel 31512B0005/11R003, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ILGIN
since 20242.352.714.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0005/11R003 | Flanders | 3,068 m² | 1 · 271 m² | 8.1 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 siteBrugge2.352.714.709
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,412 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
Founded20-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.