INTERNATIONAL GOLF TRAINING CENTER-SERVICES
ActiveSummary
INTERNATIONAL GOLF TRAINING CENTER-SERVICES has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175k and a net result of €29k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+4
Solvency68▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.63 in 2023; short-term debt: 37% and cash: 0.3% of total assets), and 57% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
33 d early
2022
60 d early
2021
53 d early
2020
32 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€175k▲ 19.7%
2023 · €146k
2018: €24k
2019: €45k
2020: €72k
2021: €102k
2022: €128k
2023: €146k
2018 → 2024
Total assets
€408k▼ 7.8%
2023 · €442k
2018: €69k
2019: €101k
2020: €229k
2021: €352k
2022: €515k
2023: €442k
2018 → 2024
Net result
€29k▲ 60.1%
2023 · €18k
2018: €2k
2019: €21k
2020: €26k
2021: €30k
2022: €27k
2023: €18k
2018 → 2024
Working capital
€7k
2023 · €-64k
2018: €34k
2019: €66k
2020: €33k
2021: €-48k
2022: €-102k
2023: €-64k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€72k-€102k▲ 42.4%€128k▲ 26.2%€146k▲ 14.0%€175k▲ 19.7%
Operating result€38k-€34k▼ 9.1%€33k▼ 3.4%€32k▼ 1.6%€43k▲ 31.7%
Net result€26k-€30k▲ 15.2%€27k▼ 12.2%€18k▼ 32.5%€29k▲ 60.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €408k
Fixed assets
€250k ▼ 24.4%
Current assets
€158k ▲ 41.3%
Equity and liabilities €408k
Equity
€175k ▲ 19.7%
Debt
€233k ▼ 21.4%
Debt's share of the balance-sheet total falls from 66.9% to 57.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127k▲
2023 · €112k
Cash flow
€113k▲
2023 · €97k
Current ratio
1.05▲
2023 · 0.63
Debt to equity
1.33▼
2023 · 2.02
ROE
16.4%▲
2023 · 12.3%
ROA
7.1%▲
2023 · 4.1%
Interest coverage
37.05▲
2023 · 18.72
Debt ≤ 1 year
€151k▼
2023 · €176k
Debt > 1 year
€41k▼
2023 · €73k
Income taxes
€11k▲
2023 · €9k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€442k€408k▼
Fixed assets21/28€331k€250k▼
Tangible fixed assets22/27€331k€250k▼
Plant, machinery and equipment23€41k€33k▼
Furniture and vehicles24€18k€727▼
Leasing and similar rights25€104k€70k▼
Other tangible fixed assets26€167k€147k▼
Financial fixed assets28€95€95=
Current assets29/58€112k€158k▲
Amounts receivable within one year40/41€54k€121k▲
Trade receivables40€52k€108k▲
Other amounts receivable41€3k€13k▲
Cash at bank and in hand54/58€26k€1k▼
Deferred charges and accrued income490/1€31k€35k▲
Equity and liabilities
Total equity and liabilities10/49€442k€408k▼
Equity10/15€146k€175k▲
Contributions10/11€19k€19k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€98k€126k▲
Amounts payable17/49€296k€233k▼
Amounts payable after more than one year17€73k€41k▼
Financial debts170/4€73k€41k▼
Amounts payable within one year42/48€176k€151k▼
Current portion of amounts payable after more than one year42€35k€35k=
Trade debts44€15k€23k▲
Suppliers440/4€15k€23k▲
Taxes, remuneration and social security45€16k€34k▲
Taxes450/3€16k€34k▲
Other amounts payable47/48€110k€60k▼
Accrued charges and deferred income492/3€47k€40k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€84k▲
Other operating charges640/8€384€14k▲
Non-recurring operating charges66A€11k€0▼
Gross operating margin9900€123k€140k▲
Operating profit (loss)9901€32k€43k▲
Financial income75/76B€243€238▼
Recurring financial income75€243€238▼
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€27k€40k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€18k€29k▲
Profit (loss) for the period to be appropriated9905€18k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€98k€126k▲
Profit (loss) brought forward from the previous period14P€80k€98k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €175k ▲19.7%
7 profitable years in a row build equity to €175k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €30k ▲15.2%
Net result €30k, the highest in the series.
31-12
Financial
Equity above €100kEq €102k ▲42.4%
4 profitable years in a row build equity to €102k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Mol · 1 establishment unit since 1986
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.
Kiezelweg 782400 MolGround area
1.1 ha
Building footprint
591 m²
Volume, LiDAR
3,707 m³
Parcel 13025G1055/00W061, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INTERNATIONAL GOLF TRAINING CENTER-SERVICES BVBA
since 19862.301.690.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G1055/00W061 | Flanders | 1.1 ha | 1 · 591 m² | 9.7 m · 2 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
DELUXE CANDY
BE 0806.441.766
Brussel · Eq €175,394
IMEX FUN PRODUCTS
BE 0841.382.156
Brugge · Eq €177,430
CANVASCAMP
BE 0822.182.688
Gavere · Eq €173,009
JULIAN' SPORT
BE 0428.864.219
Sint-Jans-Molenbeek · Eq €177,543
L'ARC-ADEMIE
BE 0682.969.674
Châtelet · Eq €177,586
Of 1,314 companies in sector 47639 we hold annual accounts for 624. 497 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 formPrivate limited company (pre-2019)
Founded08-08-1986
Fiscal year end31-12
Abbreviation NL
I.G.T.C.-Services
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:0475818888
E-mail:rudi.vanbaelen@kempensegolf.be