INDUSTRIAL GLASS PROCESSING
The computed 12-month bankruptcy probability of INDUSTRIAL GLASS PROCESSING is 2.1% (moderate). The 2024 annual accounts show equity of €1.15M and a net result of €-17k. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 987 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.15M |
| Net result | €-17k |
| Staff (FTE) | 23.2 |
| Better than sector | 34% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.9% | 35.4% | |
| Net result | €-17k | €30k | |
| Equity | €1.15M | €119k | |
| Gross operating margin | €2.16M | €171k | |
| Staff costs | €1.40M | €194k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €11.22M |
| EBITDA | €698k |
| Net profit | €-17k |
| Cash flow | €647k |
| Staff costs | €1.40M |
| Income taxes | €797 |
| Dividends | - |
| Total assets | €5.24M |
| Equity | €1.15M |
| Debt | €4.09M |
| of which ≤ 1y | €2.34M |
| of which > 1y | €1.73M |
| Working capital | €128k |
| Employees (FTE) | 23.2 |
| 2024 | |
|---|---|
| Current ratio | 1.05 |
| Quick ratio | 0.88 |
| Working capital ratio | 2.4% |
| Solvency | 21.9% |
| Debt / equity | 3.56 |
| Long-term debt ratio | 1.51 |
| Interest coverage | 5.97 |
| Gross margin | 18.6% |
| Net margin | -0.1% |
| ROA | -0.3% |
| ROE | -1.4% |
| EBITDA margin | 6.2% |
| Days sales outstanding | 39d |
| Days payable outstanding | 54d |
| Inventory turnover | 22.69 |
| Days inventory (DSI) | 16d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.24M |
| Fixed assets | 21/28 | €2.77M |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €2.77M |
| Current assets | 29/58 | €2.47M |
| Stocks & contracts in progress | 3 | €403k |
| Amounts receivable within one year | 40/41 | €1.76M |
| Cash & bank | 54/58 | €307k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.24M |
| Equity | 10/15 | €1.15M |
| Contributions / capital | 10/11 | €65k |
| Reserves | 13 | €1.02M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €4.09M |
| Amounts payable after one year | 17 | €1.73M |
| Amounts payable within one year | 42/48 | €2.34M |
| Trade debts payable within one year | 44 | €1.36M |
| Income statement | ||
| Turnover | 70 | €11.22M |
| Gross operating margin | 9900 | €2.16M |
| Operating result | 9901 | €35k |
| Financial income | 75 | €66k |
| Financial charges | 65 | €117k |
| Result before taxes | 9903 | €-16k |
| Income taxes | 67/77 | €797 |
| Net result for the period | 9904 | €-17k |
| Result to be appropriated | 9905 | €-17k |
| NACE primary | Specialised construction(43343) |
| Legal form | Public limited company(014) |
| Incorporation | 19-07-2021 |
| Status | Active |
| Postal code | 2321 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020F0275/00F000 | Flanders | 1.5 ha | 1 · 1.0 ha | 11.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-06-2023 1 director appointed, 1 resigning
- Frederik De Knijf, Bestuurder
- Frederik De Knijf, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Frederik De Knijf",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "vrijwillige",
"subkind": "regular",
"via_org": {
"kbo": null,
"name": "CGC Invest BV",
"address": null,
"country": null,
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De Enige Aandeelhouder neemt kennis van de vrijwillige ontslagen van CGC Invest BV en van haar vaste vertegenwoordiger Frederik De Knijf met ingang van de datum van deze besluiten",
"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": "Frederik De Knijf",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": {
"kbo": "0794.332.505",
"name": "RESIGLASS NV",
"address": null,
"country": null,
"legal_form": "NV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De Enige Aandeelhouder besluit om de volgende vennootschap te benoemen als bestuurder en gedelegeerd bestuurder van de Vennootschap, met ingang van de datum van deze besluiten, voor een termijn van 6 jaar",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "6"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Frederik De Knijf",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": {
"kbo": null,
"name": "CGC Invest BV",
"address": null,
"country": null,
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "vaste_vertegenwoordiger",
"person": {
"rrn": null,
"name": "Frederik De Knijf",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": {
"kbo": null,
"name": "CGC Invest BV",
"address": null,
"country": null,
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Matthieu ALADENISE",
"address": "1050 Brussel, Louizalaan 222",
"birth_date": null,
"profession": "advocaat",
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": {
"kbo": null,
"name": "FIDAL advocaat kantoor",
"address": null,
"country": null,
"legal_form": null
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "paralegal_assistant",
"person": null,
"reason": null,
"subkind": "regular",
"via_org": {
"kbo": null,
"name": "FIDAL advocaat kantoor",
"address": null,
"country": null,
"legal_form": null
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"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": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-06-09",
"filing_date": "2023-05-31",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2023-03-27",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0771.543.542",
"name_full": "INDUSTRIAL GLASS PROCESSING",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Matthieu Aladenise",
"org_rep_person_name": null,
"person_role_at_subject": "advocaat"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | INDUSTRIAL GLASS PROCESSING |
| AbbreviationNL | IGP |