ACTIVE

IGEFA

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Financial year 2025 · closed on 30/09/2025

Net result

860,9 €

-99.4% YoY

Gross margin

94 k €

-68.4% YoY

Equity

203,5 k €

+0.4% YoY

What does IGEFA do?

IGEFA is a Public limited company incorporated in 1990. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.911.403

Incorporation

28/12/1990

Legal form

Public limited company

Registered office

Arimont-Chemin de la Cense SN
4960 Malmedy · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

55203Holiday and other short-stay accommodation· main 55203Holiday and other short-stay accommodation 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007
Income statement
Gross margin	94 k €	-68.4%	297,3 k €	+301%	74,1 k €	-21.2%	94 k €	+93.4%	48,6 k €	-5.5%	51,4 k €	-28.0%	71,4 k €	+1010%	6,4 k €	-67.5%	19,8 k €	-24.7%	26,3 k €	+22.8%	21,4 k €	-18.3%	26,2 k €	+34.1%	19,5 k €	+313%	4,7 k €	-74.7%	18,7 k €	-49.0%	36,7 k €	-3.4%	38 k €
EBITDA	75,4 k €	-69.1%	244 k €	+272%	65,7 k €	-19.6%	81,7 k €	+98.2%	41,2 k €	-11.0%	46,3 k €	-31.3%	67,4 k €	+1844%	3,5 k €	-79.4%	16,8 k €	-28.3%	23,4 k €	+26.8%	18,5 k €	-20.8%	23,4 k €	+38.4%	16,9 k €	+689%	2,1 k €	-86.8%	16,2 k €	-52.7%	34,2 k €	-4.3%	35,7 k €
Operating result	24,2 k €	-87.3%	190,7 k €	+1625%	11,1 k €	-53.4%	23,7 k €	+367%	-8,9 k €	-843%	1,2 k €	-94.6%	22,3 k €	+282%	-12,3 k €	-601%	-1,8 k €	-140%	4,4 k €	+435%	-1,3 k €	-132%	4,1 k €	+261%	-2,6 k €	+85.9%	-18,2 k €	-313%	-4,4 k €	-129%	15,4 k €	+7.7%	14,3 k €
Net result	860,9 €	-99.4%	139,8 k €	+2522%	-5,8 k €	-162%	9,3 k €	+138%	-24,4 k €	-80.7%	-13,5 k €	-322%	6,1 k €	+123%	-26,5 k €	-230%	-8 k €	-928%	971,5 €	+117%	-5,7 k €	-1089%	-479,3 €	+93.6%	-7,5 k €	-220%	6,3 k €	+175%	-8,4 k €	-198%	8,6 k €	+55.1%	5,5 k €
Balance sheet
Equity	203,5 k €	+0.4%	202,6 k €	+223%	62,8 k €	-8.4%	68,6 k €	+15.8%	59,2 k €	-29.1%	83,6 k €	-13.9%	97,1 k €	+21.8%	79,7 k €	-25.0%	106,2 k €	-7.0%	114,3 k €	+0.9%	113,3 k €	-4.8%	119 k €	-0.4%	119,5 k €	-5.9%	127 k €	+5.2%	120,7 k €	-6.5%	129,1 k €	+19.1%	108,4 k €
Total assets	751,1 k €	-9.3%	828,5 k €	-7.3%	893,9 k €	-5.3%	943,9 k €	+4.9%	899,6 k €	-0.5%	904,3 k €	-4.7%	949 k €	+2.1%	929,4 k €	+157%	360,9 k €	+85.9%	194,2 k €	-3.3%	200,9 k €	-7.3%	216,8 k €	-5.4%	229,2 k €	-7.0%	246,4 k €	-6.8%	264,4 k €	+10.1%	240,1 k €	-6.8%	257,6 k €
Cash	2,6 k €	-50.1%	5,3 k €		–		3,2 k €	-92.4%	42,5 k €	+95.4%	21,8 k €	-46.4%	40,6 k €	-47.7%	77,6 k €	+1239%	5,8 k €	+71.8%	3,4 k €	+196%	1,1 k €	+68.0%	679,3 €	-39.4%	1,1 k €	-72.4%	4,1 k €	+748%	478,6 €	-91.8%	5,8 k €	+16148%	35,9 €
Debts	545 k €	-12.9%	625,9 k €	-24.7%	831,1 k €	-5.1%	875,4 k €	+4.5%	838 k €	+2.1%	820,7 k €	-3.7%	851,9 k €	+0.3%	849,2 k €	+236%	252,4 k €	+218%	79,4 k €	-8.3%	86,6 k €	-11.0%	97,3 k €	-11.3%	109,7 k €	-8.1%	119,4 k €	-16.9%	143,7 k €	+37.5%	104,5 k €	-29.4%	148,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

CARLY GENTGES

Managing director · since 11 mars 2020 · until 14 mars 2029

Active

NADINE FABRITIUS

Director · since 11 mars 2020 · until 14 mars 2029

Active

Ended mandates

CARLY GENTGES

Managing director · since 11 mars 2020 · until 11 mars 2026

Ended

NADINE FABRITIUS

Director · since 11 mars 2020 · until 11 mars 2026

Ended

CARLY GENTGES

Managing director · since 12 mars 2014 · until 11 mars 2020

Ended

NADINE FABRITIUS

Director · since 12 mars 2014 · until 11 mars 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/05/2026	28/05/2025	08/05/2024	05/05/2023	06/05/2022	30/04/2021
General meeting	11/03/2026	12/03/2025	13/03/2024	08/03/2023	09/03/2022	10/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	11/03/2026	26/05/2026	French	PDF
Micro model	30/09/2024	12/03/2025	28/05/2025	French	PDF
Micro model	30/09/2023	13/03/2024	08/05/2024	French	PDF
Micro model	30/09/2022	08/03/2023	05/05/2023	French	PDF
Micro model	30/09/2021	09/03/2022	06/05/2022	French	PDF
Micro model	30/09/2020	10/03/2021	30/04/2021	French	PDF
Micro model	30/09/2019	11/03/2020	27/05/2020	French	PDF
Micro model	30/09/2017	14/03/2018	29/05/2018	French	PDF
Abridged model	30/09/2016	08/03/2017	26/05/2017	French	PDF
Abridged model	30/09/2015	09/03/2016	26/05/2016	French	PDF
Abridged model	30/09/2014	11/03/2015	19/05/2015	French	PDF
Abridged model	30/09/2013	12/03/2014	01/05/2014	French	PDF
Abridged model	30/09/2012	13/03/2013	29/05/2013	French	PDF
Abridged model	30/09/2011	14/03/2012	29/04/2012	French	PDF
Abridged model	30/09/2010	09/03/2011	09/05/2011	French	PDF
Abridged model	30/09/2009	10/03/2010	27/05/2010	French	PDF
Abridged model	30/09/2007	11/03/2008	13/05/2008	French	PDF
Abridged model	30/09/2006	13/03/2007	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

CARLY GENTGES

Managing director · since 11 mars 2020 · until 14 mars 2029

Active

NADINE FABRITIUS

Director · since 11 mars 2020 · until 14 mars 2029

Active

Ended mandates

CARLY GENTGES

Managing director · since 11 mars 2020 · until 11 mars 2026

Ended

NADINE FABRITIUS

Director · since 11 mars 2020 · until 11 mars 2026

Ended

CARLY GENTGES

Managing director · since 12 mars 2014 · until 11 mars 2020

Ended

NADINE FABRITIUS

Director · since 12 mars 2014 · until 11 mars 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025860,9 €↓
2024
Annual accounts 2024139,8 k €↑
2023
Annual accounts 2023-5,8 k €↓
2022
Annual accounts 20229,3 k €↑
2021
Annual accounts 2021-24,4 k €↓
2020
Annual accounts 2020-13,5 k €↓
2019
Annual accounts 20196,1 k €↑
2017
Annual accounts 2017-26,5 k €↓
2016
Annual accounts 2016-8 k €↓
2015
Annual accounts 2015971,5 €↑
2014
Annual accounts 2014-5,7 k €↓
2013
Annual accounts 2013-479,3 €↑
2012
Annual accounts 2012-7,5 k €↓
2011
Annual accounts 20116,3 k €↑
2010
Annual accounts 2010-8,4 k €↓
2009
Annual accounts 20098,6 k €↑
2007
Annual accounts 20075,5 k €
28/12/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IGEFA

Overview

What does IGEFA do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline