International Gaz-Electricité Applications
ActiveSummary
International Gaz-Electricité Applications has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40k and a net result of €-12k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-24
Solvency83▼-7
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.87 in 2023; short-term debt: 42.4% and cash: 0.4% of total assets), and 42.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57.6%
Return on assets
-16.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
156 d late
2022
51 d late
2021
72 d late
2020
17 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€31k▼ 7.9%
2022 · €34k
2018: €60k
2019: €53k
2020: €46k
2021: €49k
2022: €34k
2018 → 2023
EBIT margin
-8.6%▲ 3.8pp
2022 · -12.5%
2018: 2.5%
2019: 4.8%
2020: 19.7%
2021: 7.8%
2022: -12.5%
2018 → 2023
Net result
€-12k▼ 163%
2023 · €-4k
2018: €-175
2019: €832
2020: €8k
2021: €2k
2022: €-6k
2023: €-4k
2018 → 2024
Working capital
€40k▼ 22.6%
2023 · €52k
2018: €52k
2019: €52k
2020: €60k
2021: €62k
2022: €56k
2023: €52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€46k-€49k▲ 5.2%€34k▼ 30.2%€31k▼ 7.9%
Equity€60k-€62k▲ 3.6%€56k▼ 9.7%€52k▼ 7.9%€40k▼ 22.5%
Operating result€9k-€4k▼ 58.3%€-4k€-3k▲ 36.2%€-10k▼ 278%
Net result€8k-€2k▼ 71.8%€-6k€-4k▲ 26.1%€-12k▼ 163%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €3k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets
€97 =
Current assets
€70k ▼ 12.4%
Equity and liabilities €70k
Equity
€40k ▼ 22.5%
Debt
€30k ▲ 6.7%
Debt's share of the balance-sheet total rises from 34.8% to 42.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.36▼
2023 · 2.87
Quick ratio
0.52▼
2023 · 0.91
Debt to equity
0.74▲
2023 · 0.53
ROE
-29.1%▼
2023 · -8.6%
ROA
-16.8%▼
2023 · -5.6%
Debt ≤ 1 year
€30k▲
2023 · €28k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€80k€70k▼
Fixed assets21/28€97€97=
Financial fixed assets28€97€97=
Current assets29/58€79k€70k▼
Stocks and contracts in progress3€54k€54k=
Stocks30/36€54k€54k=
Amounts receivable within one year40/41€23k€14k▼
Trade receivables40€195€230▲
Other amounts receivable41€23k€13k▼
Cash at bank and in hand54/58€1k€273▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€80k€70k▼
Equity10/15€52k€40k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€184€184=
Profit (loss) carried forward14€-12k€-24k▼
Amounts payable17/49€28k€30k▲
Amounts payable within one year42/48€28k€30k▲
Financial debts43€12k€11k▼
Credit institutions430/8€12k€11k▼
Trade debts44€750€2k▲
Suppliers440/4€750€2k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€15k€17k▲
Income statement
Code20232024
Turnover70€31k-
Goods, raw materials, services and sundry goods60/61€34k-
Other operating charges640/8€350€955▲
Gross operating margin9900€-2k€-9k▼
Operating profit (loss)9901€-3k€-10k▼
Financial income75/76B€44€341▲
Recurring financial income75€44€341▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-4k€-12k▼
Profit (loss) for the period9904€-4k€-12k▼
Profit (loss) for the period to be appropriated9905€-4k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-24k▼
Profit (loss) brought forward from the previous period14P€-8k€-12k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 156 days late
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €8k ▲819%
Operating result €9k, net result €8k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €832
Net result €832 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 1964
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Croisiers 435000 NamurGround area
199 m²
Building footprint
91 m²
Volume, LiDAR
1,221 m³
Parcel 92094C0018/00D010, Wallonia · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Croisiers 43 A, 5000 Namur
since 19642.005.657.518
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0018/00D010 | Wallonia | 199 m² | 1 · 91 m² | 17.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AN - DOMEN
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PROPRENET
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CLEANING WP
BE 0874.488.454
Asse · Eq €40,221
T&F SERVICES
BE 0824.825.444
Stekene · Eq €40,318
Cheminée Ramonage
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,974 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-02-1964
Fiscal year end31-12
Abbreviation FR
I.G.E.A.
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.