TIGA
ActiveSummary
TIGA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.59M and a net result of €102k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 1.71 in 2023; short-term debt: 11.8% and cash: 30% of total assets), and 11.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.2%
Return on assets
5.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
30 d late
2022
31 d early
2021
24 d late
2020
31 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.59M▲ 6.9%
2023 · €1.49M
2018: €682klowest in 7 years
2019: €738k▲ +8.2% vs 2018
2020: €873k▲ +18.3% vs 2019
2021: €1.07M▲ +22.8% vs 2020
2022: €1.43M▲ +33.3% vs 2021
2023: €1.49M▲ +4.2% vs 2022
2024: €1.59M▲ +6.9% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.81M▲ 3.0%
2023 · €1.75M
2018: €1.29M
2019: €1.25M▼ -2.9% vs 2018
2020: €1.25M▼ -0.2% vs 2019lowest in 7 years
2021: €1.55M▲ +23.6% vs 2020
2022: €1.71M▲ +10.3% vs 2021
2023: €1.75M▲ +2.8% vs 2022
2024: €1.81M▲ +3.0% vs 2023highest in 7 years
2018 → 2024
Net result
€102k▲ 43.6%
2023 · €71k
2018: €18klowest in 7 years
2019: €56k▲ +206% vs 2018
2020: €135k▲ +140% vs 2019
2021: €199k▲ +47.4% vs 2020
2022: €444k▲ +123% vs 2021highest in 7 years
2023: €71k▼ -83.9% vs 2022
2024: €102k▲ +43.6% vs 2023
2018 → 2024
Working capital
€338k▲ 81.7%
2023 · €186k
2018: €-506klowest in 7 years
2019: €-436k▲ +13.7% vs 2018
2020: €-281k▲ +35.5% vs 2019
2021: €-62k▲ +77.9% vs 2020
2022: €293k▲ +571% vs 2021
2023: €186k▼ -36.5% vs 2022
2024: €338k▲ +81.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€873k-€1.07M▲ 22.8%€1.43M▲ 33.3%€1.49M▲ 4.2%€1.59M▲ 6.9%
2020: €873klowest in 5 years
2021: €1.07M▲ +22.8% vs 2020
2022: €1.43M▲ +33.3% vs 2021
2023: €1.49M▲ +4.2% vs 2022
2024: €1.59M▲ +6.9% vs 2023highest in 5 years
Operating result€212k-€297k▲ 40.4%€655k▲ 121%€111k▼ 83.1%€160k▲ 44.3%
2020: €212k
2021: €297k▲ +40.4% vs 2020
2022: €655k▲ +121% vs 2021highest in 5 years
2023: €111k▼ -83.1% vs 2022lowest in 5 years
2024: €160k▲ +44.3% vs 2023
Net result€135k-€199k▲ 47.4%€444k▲ 123%€71k▼ 83.9%€102k▲ 43.6%
2020: €135k
2021: €199k▲ +47.4% vs 2020
2022: €444k▲ +123% vs 2021highest in 5 years
2023: €71k▼ -83.9% vs 2022lowest in 5 years
2024: €102k▲ +43.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.81M
Fixed assets
€1.25M ▼ 3.8%
Current assets
€551k ▲ 22.9%
Equity and liabilities €1.81M
Equity
€1.59M ▲ 6.9%
Debt
€214k ▼ 18.7%
Debt's share of the balance-sheet total falls from 15.0% to 11.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€217k▲
2023 · €163k
Cash flow
€160k▲
2023 · €124k
Current ratio
2.58▲
2023 · 1.71
Debt to equity
0.13▼
2023 · 0.18
ROE
6.4%▲
2023 · 4.8%
ROA
5.7%▲
2023 · 4.1%
Interest coverage
14.17▼
2023 · 15.93
Debt ≤ 1 year
€214k▼
2023 · €263k
Income taxes
€44k▲
2023 · €29k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.75M€1.81M▲
Fixed assets21/28€1.30M€1.25M▼
Tangible fixed assets22/27€1.30M€1.25M▼
Land and buildings22€1.24M€1.20M▼
Furniture and vehicles24€67k€51k▼
Current assets29/58€449k€551k▲
Amounts receivable within one year40/41€5€5=
Trade receivables40€0-
Other amounts receivable41€5€5=
Cash at bank and in hand54/58€442k€543k▲
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.81M▲
Equity10/15€1.49M€1.59M▲
Contributions10/11€75k€75k=
Reserves13€1.41M€1.52M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€1.38M€1.48M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€263k€214k▼
Amounts payable within one year42/48€263k€214k▼
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€66k€53k▼
Taxes450/3€63k€50k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€187k€155k▼
Income statement
Code20232024
Non-recurring operating income76A€4k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€58k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€168k€222k▲
Operating profit (loss)9901€111k€160k▲
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€10k€15k▲
Recurring financial charges65€10k€15k▲
Profit (loss) for the period before taxes9903€100k€146k▲
Income taxes67/77€29k€44k▲
Profit (loss) for the period9904€71k€102k▲
Profit (loss) for the period to be appropriated9905€71k€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€102k▲
Transfer from equity791/2€11k€0▼
Transfer to equity691/2€71k€102k▲
To other reserves6921€71k€102k▲
Profit to be distributed694/7€11k€0▼
Return on contributions (dividend)694€11k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €36k | €37k | €52k | €58k | ▲ 9.9% |
| Other operating charges640/8 | - | €4k | €5k | €5k | €4k | ▼ 18.5% |
| Gross operating margin9900 | €268k | €338k | €697k | €168k | €222k | ▲ 31.7% |
| Operating profit (loss)9901 | €212k | €297k | €655k | €111k | €160k | ▲ 44.3% |
| Financial income75/76B | - | €1 | €2k | €0 | €2k | - |
| Recurring financial income75 | - | €1 | €2k | €0 | €2k | - |
| Financial charges65/66B | - | €10k | €9k | €10k | €15k | ▲ 49.8% |
| Recurring financial charges65 | €17k | €10k | €9k | €10k | €15k | ▲ 49.8% |
| Profit (loss) for the period before taxes9903 | €195k | €287k | €648k | €100k | €146k | ▲ 45.7% |
| Income taxes67/77 | €60k | €88k | €204k | €29k | €44k | ▲ 50.8% |
| Profit (loss) for the period9904 | €135k | €199k | €444k | €71k | €102k | ▲ 43.6% |
| Profit (loss) for the period to be appropriated9905 | €135k | €199k | €444k | €71k | €102k | ▲ 43.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.55M | €1.71M | €1.75M | €1.81M | ▲ 3.0% |
| Fixed assets21/28 | €1.17M | €1.13M | €1.14M | €1.30M | €1.25M | ▼ 3.8% |
| Tangible fixed assets22/27 | €1.17M | €1.13M | €1.14M | €1.30M | €1.25M | ▼ 3.8% |
| Land and buildings22 | - | €1.13M | €1.14M | €1.24M | €1.20M | ▼ 2.7% |
| Furniture and vehicles24 | - | - | - | €67k | €51k | ▼ 24.0% |
| Current assets29/58 | €80k | €412k | €569k | €449k | €551k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €70k | - | €548k | €5 | €5 | = |
| Trade receivables40 | - | - | €12k | €0 | - | - |
| Other amounts receivable41 | - | - | €536k | €5 | €5 | = |
| Cash at bank and in hand54/58 | €3k | €406k | €16k | €442k | €543k | ▲ 22.7% |
| Deferred charges and accrued income490/1 | - | €6k | €5k | €7k | €9k | ▲ 33.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.55M | €1.71M | €1.75M | €1.81M | ▲ 3.0% |
| Equity10/15 | €873k | €1.07M | €1.43M | €1.49M | €1.59M | ▲ 6.9% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €798k | €997k | €1.35M | €1.41M | €1.52M | ▲ 7.2% |
| Non-distributable reserves130/1 | - | €8k | €8k | €0 | - | - |
| Reserves not available under the articles1311 | - | €8k | €8k | €0 | - | - |
| Tax-exempt reserves132 | - | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | - | €952k | €1.31M | €1.38M | €1.48M | ▲ 7.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €377k | €474k | €276k | €263k | €214k | ▼ 18.7% |
| Amounts payable after more than one year17 | €16k | - | - | - | - | - |
| Amounts payable within one year42/48 | €361k | €474k | €276k | €263k | €214k | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | €16k | - | - | - | - |
| Trade debts44 | €2k | €5k | €30k | €10k | €6k | ▼ 38.5% |
| Suppliers440/4 | - | €5k | €30k | €10k | €6k | ▼ 38.5% |
| Taxes, remuneration and social security45 | - | €61k | €55k | €66k | €53k | ▼ 20.3% |
| Taxes450/3 | - | €61k | €55k | €63k | €50k | ▼ 21.3% |
| Remuneration and social security454/9 | - | - | - | €3k | €3k | ▲ 2.3% |
| Other amounts payable47/48 | - | €392k | €192k | €187k | €155k | ▼ 17.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135k | €199k | €444k | €71k | €102k | ▲ 43.6% |
| + Depreciation and write-downs630 | €52k | €36k | €37k | €52k | €58k | ▲ 9.9% |
| Operating cash flow (approximation) | €187k | €235k | €481k | €124k | €160k | ▲ 29.3% |
| Investment in fixed assets (approximation) | - | €0 | €-39k | €-220k | €-8k | ▲ 96.2% |
| Change in cash | - | €403k | €-390k | €427k | €100k | ▼ 76.5% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €444k ▲123%
Operating result €655k, net result €444k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.87 to 2.06; short-term debt falls from €474k to €276k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Equity above €1MEq €1.07M ▲22.8%
4 profitable years in a row build equity to €1.07M.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Izegem · 1 establishment unit since 2001
Ground area
1.8 ha
Building footprint
1.0 ha
Volume, LiDAR
85,837 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TIGA
since 20012.116.322.244
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E0541/00E000 | Flanders | 1.3 ha | 1 · 7,139 m² | 10.9 m · 3 fl. |
| 36494D0284/00M000 | Flanders | 4,842 m² | 1 · 3,184 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
MAGEFI
BE 0473.255.080
Oudergem · Eq €1,592,348
MJ3
BE 0474.275.263
Brussel · Eq €1,591,761
Li.Bo. Management & Consultancy
BE 0877.609.577
Gent · Eq €1,591,647
INDIGO PROJECTS
BE 0880.091.589
Tessenderlo-Ham · Eq €1,591,413
J & G HOLDING
BE 0829.519.947
Oudsbergen · Eq €1,593,774
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 22,735 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
Founded06-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.