Equity
€481,337 from €1.0m in 2014
Equity fell by 52% in 11 years.
IGP Immo
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2001peak €5.0m (2014)
€498,985▲ 4.7%
lowest -€909,704 (2018)
€90,485▼ 0.5%
peak €1.0m (2014)
€481,337▲ 23.2%
€2.1m▼ 13.9%
peak 44.9 FTE (2012)
0 FTE
Board12 names since 2017
3 directorsChristine Riou and 2 others
Owners4 names in the annual accounts
consolidatesResiglass
Documentsfilings and deeds
16-10-202677 days late
2025financial year
Equity from €390,853 to €481,337
Key points
from the 2025 annual accountsDebts
€2.1m 77% of the balance sheet
Financial debts 84%Suppliers 1%Taxes and wages 0%Other 15%
€1.4m of the debts are secured on the company's own assets. In 2021 that was €2.1m.
Investments
€23,590 0.1 × depreciation
Green is investment, beige is depreciation.
Payment terms
114 days to suppliers
IGP Immo pays its suppliers 61 days later than in 2024. Customers pay 2 days earlier.
Filings
24 annual accounts 77 days
Latest accounts filed late: after the legal deadline.
Board
1 joined
New director. Latest change 30-04-2026 · 3 in office.
Checked score
70
Healthy
Financially stronger than 61% of small companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.9%▲ +0.3 percentage points vs 08-2025
10-2025: 1.4%▲ +0.5 percentage points vs 09-2025
11-2025: 1.5%▲ +0.1 percentage points vs 10-2025
12-2025: 0.6%▼ -0.9 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.7%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%▲ +0.2 percentage points vs 02-2026
04-2026: 0.8%▼ -0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.2 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.8%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -1.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 77 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.27, cash €6,142
lowers risk
Size: turnover €486,936, total assets €2.6m
Founded in 2000
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 68, small). It does better than 38% of them on solvency, 49% on liquidity, 92% on profitability and 67% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as IGP Immo has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of IGP Immo itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for IGP Immo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.27 (0.23 in 2024), below 1. Short-term debt is 12.5% and cash 0.2% of total assets. 81.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
77 days late
2024
106 days late
2023
26 days early
2022
33 days early
2021
48 days early
2020
60 days early
2019
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 accounts filed within 102 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AJ
Aubault Jean-Marc
Director, since 30-04-2026
- GLASS INVEST 100%score 66equity €14.9m (2025) · 2025 annual accounts of GLASS INVEST
- Resiglass NV consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472233513
Appointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representative: Evy BORRY · General meeting of 22-09-2023 · Gazette deed
New managing director
RESIGLASS NV appointed, CGC Invest BV resigned · Permanent representative: Frederik De Knijf · General meeting of 27-03-2023 · Gazette deed
3 directors appointed, 2 resignations
Change of role: SANBO BV, from director to managing director · Resignations: GLASS INVEST NV and CGC invest BV (managing director) · Permanent representatives: Anthony De Clerck, Frederik De Knijf and Geert De Landtsheer · General meeting of 12-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IGP Immo Hoogstraten | €2.6m | €498,985 | 18.2% | 0 |
| ALC INVEST Zandhoven | €2.6m | €488,664 | 48.0% | 0 |
| KENMIDES Aalst | €2.4m | €623,310 | 50.2% | 0 |
| CORPORATION FOR GOVERNMENT SERVICES Herent | €2.1m | €414,645 | 6.4% | 0 |
| ANTCAR Uccle | €2.8m | €507,010 | 90.2% | 0.2 |
| BALLYM Brussels | €1.8m | €435,678 | 30.8% | 0 |
| BEPA Kalanebu De Panne | €2.9m | €311,046 | 13.7% | 0 |
These companies have the same main activity as IGP Immo: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.8m and €2.9m, founded between 1995 and 2005.
Official details
Source: KBO- Status
- Active since 29-06-2000Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.094.984.2242321 Hoogstraten, since 28-07-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on IGP Immo
IGP Immo has existed since 2000. The gross margin fell from €1.7m in 2020 to €194,752 in 2021.
The gross margin has grown every year since 2021.
GLASS INVEST holds all the shares. In January 2023, three directors stepped down. In June 2023, the Official Gazette published the appointment of Resiglass as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IGP Immo
- What is the company number of IGP Immo?
- The company number of IGP Immo is 0472.233.513. The VAT number is the same number with BE in front: BE 0472.233.513.
- Where is IGP Immo based?
- The registered office is at Riyadhstraat 28, 2321 Hoogstraten.Company details
- What does IGP Immo do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of IGP Immo?
- IGP Immo is a public limited company (NV).
- When was IGP Immo founded?
- IGP Immo was founded on 29-06-2000.
- Is IGP Immo still active?
- Yes, IGP Immo is an active enterprise in the KBO register.
- How many employees does IGP Immo have?
- IGP Immo had an average of 22.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of IGP Immo?
- The turnover of IGP Immo was €486,936 in financial year 2025, according to the filed annual accounts.
- Is IGP Immo profitable?
- In financial year 2025, IGP Immo made a profit of €90,485.
- Where can I find the annual accounts of IGP Immo?
- IGP Immo filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IGP Immo due?
- IGP Immo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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