IGO
ActiveSummary
For the legal form of IGO, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €2.15M and a net result of €110k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 463 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy▲ +3 vs 2024
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+2
Solvency50=
Growth53▼-2
Track record100
Credit verdict
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.45 in 2024; short-term debt: 44.3% and cash: 41.1% of total assets), but 74.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 463 sector peers (2025).
NBB · sector comparisonPosition among 463 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
21 d early
2023
22 d early
2022
14 d early
2021
34 d early
2020
18 d early
2019
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.95M▼ 1.0%
2024 · €7.02M
2018: €4.53M
2020: €5.36M
2021: €5.75M
2022: €6.11M
2023: €6.41M
2024: €7.02M
2018 → 2025
EBIT margin
2.8%▲ 1.1pp
2024 · 1.6%
2018: 6.6%
2020: 4.6%
2021: 3.3%
2022: 1.6%
2023: 2.5%
2024: 1.6%
2018 → 2025
Net result
€110k▲ 94.5%
2024 · €56k
2018: €227k
2020: €152k
2021: €124k
2022: €48k
2023: €73k
2024: €56k
2018 → 2025
Working capital
€2.41M▲ 33.0%
2024 · €1.82M
2018: €1.25M
2020: €1.17M
2021: €1.26M
2022: €1.88M
2023: €1.87M
2024: €1.82M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.75M-€6.11M▲ 6.3%€6.41M▲ 4.9%€7.02M▲ 9.5%€6.95M▼ 1.0%
Equity€1.86M-€1.91M▲ 2.6%€1.98M▲ 3.8%€2.04M▲ 2.8%€2.15M▲ 5.4%
Operating result€190k-€100k▼ 47.3%€157k▲ 57.0%€115k▼ 26.5%€193k▲ 67.1%
Net result€124k-€48k▼ 61.5%€73k▲ 52.7%€56k▼ 22.6%€110k▲ 94.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.46M
Fixed assets
€2.29M ▲ 2.6%
Current assets
€6.16M ▲ 6.0%
Equity and liabilities €8.46M
Equity
€2.15M ▲ 5.4%
Provisions
€127k ▲ 16.6%
Debt
€6.18M ▲ 4.7%
Debt's share of the balance-sheet total falls from 73.3% to 73.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€532k▲
2024 · €479k
Cash flow
€448k▲
2024 · €420k
Current ratio
1.64▲
2024 · 1.45
Debt to equity
2.88▼
2024 · 2.89
ROE
5.1%▲
2024 · 2.8%
ROA
1.3%▲
2024 · 0.7%
Interest coverage
13.85▲
2024 · 11.43
Debt ≤ 1 year
€3.75M▼
2024 · €4.00M
Debt > 1 year
€1.14M▼
2024 · €1.26M
Income taxes
€49k▲
2024 · €27k
Staff costs
€6.26M▼
2024 · €6.41M
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 · 2025 against 2024 · 78 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.05M€8.46M▲
Fixed assets21/28€2.24M€2.29M▲
Intangible fixed assets21€121k€90k▼
Tangible fixed assets22/27€2.11M€2.20M▲
Land and buildings22€1.64M€1.56M▼
Plant, machinery and equipment23€131k€161k▲
Furniture and vehicles24€337k€473k▲
Assets under construction and advance payments27-€8k
Financial fixed assets28€2k€724▼
Other financial fixed assets284/8€2k€724▼
Shares284€64€64=
Amounts receivable and cash guarantees285/8€1k€660▼
Current assets29/58€5.81M€6.16M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€2.31M€2.62M▲
Trade receivables40€1.08M€1.65M▲
Other amounts receivable41€1.23M€969k▼
Cash at bank and in hand54/58€3.46M€3.48M▲
Deferred charges and accrued income490/1€48k€65k▲
Equity and liabilities
Total equity and liabilities10/49€8.05M€8.46M▲
Equity10/15€2.04M€2.15M▲
Contributions10/11€25k€25k=
Reserves13€760k€760k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€757k€757k=
Profit (loss) carried forward14€1.25M€1.36M▲
Provisions and deferred taxes16€109k€127k▲
Provisions for liabilities and charges160/5€109k€127k▲
Major repairs and maintenance162€85k€103k▲
Other liabilities and charges164/5€24k€24k=
Amounts payable17/49€5.90M€6.18M▲
Amounts payable after more than one year17€1.26M€1.14M▼
Financial debts170/4€1.25M€1.14M▼
Credit institutions173€1.25M€1.14M▼
Other amounts payable178/9€3k€3k▼
Amounts payable within one year42/48€4.00M€3.75M▼
Current portion of amounts payable after more than one year42€113k€116k▲
Trade debts44€2.67M€1.69M▼
Suppliers440/4€2.67M€1.69M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€1.13M€1.20M▲
Taxes450/3€24k€137k▲
Remuneration and social security454/9€1.11M€1.06M▼
Other amounts payable47/48€76k€744k▲
Accrued charges and deferred income492/3€647k€1.29M▲
Income statement
Code20242025
Operating income70/76A€10.56M€10.04M▼
Turnover70€7.02M€6.95M▼
Other operating income74€3.54M€3.09M▼
Non-recurring operating income76A€2k€5k▲
Operating charges60/66A€10.45M€9.85M▼
Goods for resale, raw materials and consumables60€61k€34k▼
Purchases600/8€61k€34k▼
Services and other goods61€2.80M€2.98M▲
Remuneration, social security and pensions62€6.41M€6.26M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€364k€339k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€15k€18k▲
Other operating charges640/8€802k€205k▼
Non-recurring operating charges66A€0€13k▲
Operating profit (loss)9901€115k€193k▲
Financial income75/76B€12k€10k▼
Recurring financial income75€0€10k▲
Income from current assets751€0€85▲
Other financial income752/9€0€10k▲
Non-recurring financial income76B€12k€0▼
Financial charges65/66B€44k€45k▲
Recurring financial charges65€43k€40k▼
Debt charges650€42k€38k▼
Other financial charges652/9€1k€1k▼
Non-recurring financial charges66B€628€5k▲
Profit (loss) for the period before taxes9903€83k€159k▲
Income taxes67/77€27k€49k▲
Taxes670/3€27k€49k▲
Profit (loss) for the period9904€56k€110k▲
Profit (loss) for the period to be appropriated9905€56k€110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€1.36M▲
Profit (loss) brought forward from the previous period14P€1.20M€1.25M▲
Social balance
Average headcount (FTE)908792.592.1▼
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €2.04M ▲2.8%
6 profitable years in a row build equity to €2.04M.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €48k ▼61.5%
Net result drops to €48k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Holsbeek · 5 establishment units since 2004
Ground area
1.5 ha
Building footprint
4,396 m²
Volume, LiDAR
23,723 m³
5 parcels, Flanders · tallest building 25.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
5 establishment units
IBO Herent
since 20042.164.239.947
V.B.S. Wakkerzeel
since 20042.193.124.765
IGO
since 20132.236.903.835
BIKO
since 20182.279.953.227
Loods Holsbeek
since 20192.290.503.263
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24011G0106/00K004 | Flanders | 4,580 m² | 1 · 1,989 m² | 8.7 m · 1 fl. |
| 24108F0502/00S000 | Flanders | 3,746 m² | 1 · 449 m² | 8.6 m · 2 fl. |
| 24043A0008/00H000 | Flanders | 2,641 m² | 1 · 754 m² | 8.3 m · 2 fl. |
| 24043A0015/00G000 | Flanders | 2,104 m² | 1 · 923 m² | 5.9 m · 2 fl. |
| 24423H0360/00Y011 | Flanders | 1,618 m² | 1 · 280 m² | 25.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 55 entries · 9,859,907 EUR awarded · 7,753,334 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 16 | 2,112,729 EUR | 1,940,004 EUR |
| 2024 | 12 | 2,275,336 EUR | 1,619,318 EUR |
| 2023 | 13 | 3,017,809 EUR | 2,283,835 EUR |
| 2022 | 14 | 2,454,033 EUR | 1,910,177 EUR |
Schemes
Vergoedingen energiehuizen
Subsidie voor IGS-projecten lokaal woonbeleid
Erkenning en subsidiëring lokale diensteneconomie-onderneming (stopgezet)
Digibanken
Subsidies buitenschoolse kinderopvang
Show 15 more
Subsidies voor sociale tewerkstellingsprojecten
Regierol lokale sociale economie
Subsidie in het kader van wijk-werken
Europees Fonds voor Asiel, Migratie en Integratie (AMIF)
Subsidie ter compensatie van het oversijpelingseffect van het VIA6-akkoord
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor koopkrachtverhogende maatregelen voor de publieke socio-culturele sector
Subsidie in kader van competentieversterking
Individueel Maatwerk
Subsidie voor kwaliteitsmaatregelen voor de publieke socio-culturele sector
Subsidies voorschoolse kinderopvang
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Compensatie voor gratis energiescans
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
12 categoriesIGO Dienstverlenende vereniging33403
Care and welfare
5 services · 0 liveFCUD-project-1074-6
GMV Haacht
GMV Leuven
Hib-hop
Show 1 more services
Hib-hop
Quality registration as a provider
1 live approvalQuality registration as a provider
Dual-learning approval
2 live approvals · 3 endedMagazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Show 3 ended approvals
Natuur- en groentechnieken duaal (so)
Natuurbeheerder duaal (so)
Tuinaanlegger-groenbeheerder duaal (so)
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Of 2,203 companies in sector 88999 we hold annual accounts for 802. 454 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 formDienstverlenende vereniging (Vlaams Gewest)
Founded10-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
84120Public administration and defence; compulsory social security
88999Other social work without accommodation
82990Other business support services
84119Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@igo.be
Phone:16298540