Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IGG CAPITAL from Saint-Nicolas, company number BE0441155901, closed financial year 2025 with a result of € -8,163 after tax. For that financial year IGG CAPITAL recorded a gross margin of € -1,317 and equity of € -79,275. Compared with financial year 2024, the result moved from € -9,448 to € -8,163. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ -79,275
▼ € 8,163 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,163
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -141,275.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,117
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,252 | € -1,625 | € -1,619 | € -1,317 | ▲ € 302 |
| Profit after taxes | € -12,113 | € -7,701 | € -9,448 | € -8,163 | ▲ € 1,286 |
| Equity | € -53,963 | € -61,663 | € -71,112 | € -79,275 | ▼ € 8,163 |
| Total debts | € 63,878 | € 71,579 | € 81,028 | € 112,351 | ▲ 39% |
| Land & buildings | € 9,916 | € 9,916 | € 9,916 | € 32,846 | ▲ 231% |
| Retained profit | € -115,963 | € -123,663 | € -133,112 | € -141,275 | ▼ € 8,163 |
| Bank debt | € 12,121 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 9,916 | € 9,916 | € 9,916 | € 33,077 | ▲ 234% |
Key figures of IGG CAPITAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IGG CAPITAL?
What happened at IGG CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SAGA INVEST SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8,163. Source: NBB ↗
- SAGA INVEST SRL became a director. NBB
- Alexandre DOUHARD stepped down as director. NBB
- Anna DOUHARD stepped down as director. NBB
- Alexandre DOUHARD became a director. NBB
- Anna DOUHARD became a director. NBB
- New establishment in Liège. KBO
In short
From € 12,113 loss in 2022 to € 8,163 loss in 2025.
Management
The stake of Saga Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IGG CAPITALThe shares are held by Saga Invest (100%).
Directors
According to the 2025 annual accounts
Director · represented by Grégory GAGLIARDO
since 2025 · until 2031
Alexandre DOUHARD
Director
since 2020 · until 2025
Anna DOUHARD
Director
since 2020 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Voie des Vaux 162
4420 Saint-Nicolas
Rue Saint-Gilles 157
4000 Liège
Active since 1 August 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.155.901
- VAT number
- BE 0441.155.901
- Registered office
- Rue Voie des Vaux 162, 4420 Saint-Nicolas
- Names & denominations
- IGG CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1990
- Peppol
- Active · Active since 30 Jul 2026