ACTIVE

IGM

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Financial year 2025 · closed on 31/12/2025

Net result

1 M €

+1.7% YoY

Revenue

29,8 M €

Equity

3,1 M €

+4.7% YoY

Workforce

99,5 ETP

+36.9% YoY

What does IGM do?

IGM is a Private limited company incorporated in 1997. Its registered office is in Lokeren. It employs on average 99,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.158.874

Incorporation

22/12/1997

Legal form

Private limited company

Registered office

Waterstraat 2
9160 Lokeren · FlandreSee on map

Contributed capital

7 605,33 €

Latest accounts

31/12/2025

Average workforce

99,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	29,8 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	2,6 M €	+52.6%	1,7 M €	+114%	793,8 k €	+21.5%	653,1 k €	+19.4%	546,9 k €	+7.1%	510,5 k €	+45.6%	350,7 k €	-9.4%	387,3 k €	+79.1%	216,3 k €	+5.9%	204,2 k €	+578%	30,1 k €	-92.1%	379,8 k €	-27.5%	523,8 k €	-20.4%	657,8 k €	-34.1%	998,1 k €	+52.7%	653,6 k €	+31.2%	498,2 k €	-26.7%	680 k €	+21.9%	557,9 k €	+84.4%	302,5 k €
Operating result	2,5 M €	+55.5%	1,6 M €	+132%	683,1 k €	+25.6%	543,7 k €	+16.3%	467,6 k €	+9.9%	425,3 k €	+64.6%	258,4 k €	-7.6%	279,5 k €	+173%	102,5 k €	-20.5%	129 k €	+174%	-174,2 k €	-253%	114,2 k €	-57.2%	266,9 k €	-23.6%	349,3 k €	-45.6%	642,6 k €	+81.1%	354,8 k €	+87.1%	189,6 k €	-50.7%	384,8 k €	+5.3%	365,5 k €	+151%	145,6 k €
Net result	1 M €	+1.7%	1 M €	+149%	402,1 k €	+18.3%	339,8 k €	+19.7%	283,8 k €	+11.3%	255 k €	+153%	100,7 k €	-48.4%	195 k €	+428%	36,9 k €	-40.9%	62,5 k €	+131%	-201 k €	-543%	45,4 k €	-65.9%	133 k €	+13.2%	117,5 k €	-67.5%	361,3 k €	+76.5%	204,7 k €	+107%	98,7 k €	-53.1%	210,5 k €	+3.7%	203 k €	+168%	75,8 k €
Balance sheet
Equity	3,1 M €	+4.7%	3 M €	+50.8%	2 M €	+25.7%	1,6 M €	+27.7%	1,2 M €	+30.1%	942 k €	+37.1%	687 k €	+17.2%	586,4 k €	+49.8%	391,4 k €	+10.4%	354,5 k €	+21.4%	291,9 k €	-40.8%	492,9 k €	+10.1%	447,6 k €	+42.3%	314,5 k €	+59.7%	197 k €	+11.4%	176,9 k €	-3.8%	183,9 k €	+116%	85,3 k €	+14.0%	74,8 k €	-38.6%	121,8 k €
Total assets	8 M €	+50.7%	5,3 M €	+43.5%	3,7 M €	+4.1%	3,6 M €	+92.1%	1,9 M €	+7.1%	1,7 M €	+17.2%	1,5 M €	+6.5%	1,4 M €	+28.0%	1,1 M €	-33.6%	1,6 M €	+6.6%	1,5 M €	+5.4%	1,4 M €	-24.7%	1,9 M €	+12.4%	1,7 M €	-10.0%	1,9 M €	+24.8%	1,5 M €	+25.8%	1,2 M €	-20.4%	1,5 M €	+46.3%	1 M €	+25.7%	827,7 k €
Cash	1 M €	+1333%	71,5 k €	-89.8%	699,9 k €	+46.2%	478,7 k €	+14.6%	417,7 k €	+20.1%	347,6 k €	-27.1%	476,8 k €	+27.7%	373,5 k €	+187%	130 k €	+238%	38,4 k €	-43.9%	68,6 k €	-4.0%	71,4 k €	+32.1%	54 k €	-18.5%	66,3 k €	-85.4%	452,9 k €	+168%	168,8 k €	-40.8%	285,4 k €	-19.4%	354,1 k €	-12.0%	402,4 k €	+439%	74,7 k €
Debts	4,9 M €	+109%	2,3 M €	+35.3%	1,7 M €	-5.1%	1,8 M €	+295%	464 k €	-25.7%	624,8 k €	-12.1%	711 k €	-11.1%	799,3 k €	+16.0%	689,2 k €	-45.9%	1,3 M €	+3.1%	1,2 M €	+29.2%	956,1 k €	-35.1%	1,5 M €	+5.5%	1,4 M €	-18.2%	1,7 M €	+26.6%	1,3 M €	+31.1%	1 M €	-27.1%	1,4 M €	+46.2%	963,7 k €	+36.5%	705,8 k €
Other
Workforce	99,5 ETP	+36.9%	72,7 ETP	+15.4%	63,0 ETP	+28.3%	49,1 ETP	+80.5%	27,2 ETP	-23.2%	35,4 ETP	-1.7%	36,0 ETP	-4.3%	37,6 ETP	+42.4%	26,4 ETP	+6.9%	24,7 ETP	-15.1%	29,1 ETP	-23.8%	38,2 ETP	+22.0%	31,3 ETP	-4.0%	32,6 ETP	+6.9%	30,5 ETP	+33.8%	22,8 ETP	-6.6%	24,4 ETP	+3.8%	23,5 ETP	+29.1%	18,2 ETP	+30.0%	14,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Gokhan Mergen

Director

Active

Hakan Mergen

Director

Active

Ibrahim Mergen

Director

Active

Ended mandates

Hakan Mergen

Manager · since 01 juillet 2012

Ended

Gokhan Mergen

Manager · since 05 février 2004

Ended

Ibrahim Mergen

Manager · since 05 février 2004

Ended

Gokhan Mergen

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ADEM CONSTRUCT● Active	0809.467.968
IBO Construct● Active	0819.854.688
UNISTOCK● Active	0446.844.752

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/07/2026	14/07/2025	02/07/2024	11/07/2023	29/07/2022	27/07/2021
General meeting	27/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/06/2026	21/07/2026	Dutch	PDF
Abridged model	31/12/2024	14/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	08/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/09/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	27/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	22/09/2016	Dutch	PDF
Abridged model	31/12/2014	01/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/08/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/09/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	20/10/2011	18/11/2011	Dutch	PDF
Abridged model	31/12/2009	15/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/07/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/09/2007	02/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 31/12/2025 · 3 active · 8 ended

Active mandates

Gokhan Mergen

Director

Active

Hakan Mergen

Director

Active

Ibrahim Mergen

Director

Active

Ended mandates

Hakan Mergen

Manager · since 01 juillet 2012

Ended

Gokhan Mergen

Manager · since 05 février 2004

Ended

Ibrahim Mergen

Manager · since 05 février 2004

Ended

Gokhan Mergen

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2011
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/06/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/09/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/02/2004
ONTSLAGEN - BENOEMINGEN - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR - MAATSCHAPPELIJKE ZETEL
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 20251 M €↑
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023402,1 k €↑
2022
Annual accounts 2022339,8 k €↑
2021
Annual accounts 2021283,8 k €↑
2020
Annual accounts 2020255 k €↑
2019
Annual accounts 2019100,7 k €↓
2018
Annual accounts 2018195 k €↑
2017
Annual accounts 201736,9 k €↓
2016
Annual accounts 201662,5 k €↑
2015
Annual accounts 2015-201 k €↓
2014
Annual accounts 201445,4 k €↓
2013
Annual accounts 2013133 k €↑
2012
Annual accounts 2012117,5 k €↓
2011
Annual accounts 2011361,3 k €↑
2010
Annual accounts 2010204,7 k €↑
2009
Annual accounts 200998,7 k €↓
2008
Annual accounts 2008210,5 k €↑
2007
Annual accounts 2007203 k €↑
2006
Annual accounts 200675,8 k €
22/12/1997
IncorporationPrivate 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

IGM

Overview

What does IGM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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