CLOUDALIZE

Open bankruptcy

Public limited companyfounded 2011KBO/BCE: BE 0841.348.108

A bankruptcy procedure is open for CLOUDALIZE according to publications in the Belgian State Gazette; curator: MATTHIAS GESQUIERE. The 2022 annual accounts show equity of €2.51M and a net result of €-1.40M.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-07-2023, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

25 d early

2021

30 d early

2020

33 d early

2019

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, abbreviated schema

Equity

€2.51M▲ 33.6%

2021 · €1.88M

2018: €5.81M 2019: €4.33M 2020: €2.95M 2021: €1.88M

2018 → 2022

Total assets

€14.94M▲ 14.2%

2021 · €13.08M

2018: €7.75M 2019: €10.40M 2020: €11.79M 2021: €13.08M

2018 → 2022

Net result

€-1.40M▼ 31.2%

2021 · €-1.07M

2018: €-1.75M 2019: €-1.48M 2020: €-1.39M 2021: €-1.07M

2018 → 2022

Working capital

€-548k▲ 27.6%

2021 · €-757k

2018: €2.02M 2019: €648k 2020: €-428k 2021: €-757k

2018 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019202020212022Trend

Equity€5.81M-€4.33M▼ 25.4%€2.95M▼ 32.0%€1.88M▼ 36.2%€2.51M▲ 33.6%

Operating result€-1.68M-€-1.43M▲ 14.6%€-1.28M▲ 10.7%€-895k▲ 30.0%€-1.46M▼ 63.5%

Net result€-1.75M-€-1.48M▲ 15.8%€-1.39M▲ 6.0%€-1.07M▲ 23.3%€-1.40M▼ 31.2%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.46M in 2022 against €895k in 2021; the loss grows.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €14.94M

81.8%

18.2%

Fixed assets €12.22M▲ 16.1%

Current assets €2.72M▲ 6.5%

Equity and liabilities €14.94M

16.8%

83.2%

Equity €2.51M▲ 33.6%

Debt €12.43M▲ 11.0%

The debt ratio falls from 85.6% to 83.2%. Equity and debt are higher.

Key figures and ratios

2022 value · change against 2021

EBITDA

€490k▼

2021 · €816k

Cash flow

€556k▼

2021 · €645k

Solvency

16.8%▲

2021 · 14.4%

Current ratio

0.83▲

2021 · 0.77

Quick ratio

0.83▲

2021 · 0.77

Debt / equity

4.95▼

2021 · 5.96

ROE

-55.7%▲

2021 · -56.7%

ROA

-9.4%▼

2021 · -8.1%

Interest coverage

1.97▼

2021 · 4.76

Debt

€12.43M▲

2021 · €11.20M

Debt ≤ 1 year

€3.27M▼

2021 · €3.31M

Debt > 1 year

€8.71M▲

2021 · €7.65M

Income taxes

€-313k▼

2021 · €830

Staff costs

€477k▲

2021 · €451k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€13.08M€14.94M▲

Fixed assets21/28€10.53M€12.22M▲

Intangible fixed assets21€10.49M€11.71M▲

Tangible fixed assets22/27€23k€501k▲

Plant, machinery and equipment23€19k€498k▲

Furniture and vehicles24€4k€2k▼

Financial fixed assets28€17k€13k▼

Current assets29/58€2.55M€2.72M▲

Amounts receivable within one year40/41€2.48M€2.08M▼

Trade receivables40€2.02M€1.66M▼

Other amounts receivable41€462k€420k▼

Cash at bank and in hand54/58€25k€273k▲

Deferred charges and accrued income490/1€46k€365k▲

Equity and liabilities

Total equity and liabilities10/49€13.08M€14.94M▲

Equity10/15€1.88M€2.51M▲

Contributions10/11€2.95M€4.98M▲

Capital10€2.95M€4.98M▲

Issued capital100€2.95M€4.98M▲

Uncalled capital101-€501

Profit (loss) carried forward14€-1.07M€-2.46M▼

Amounts payable17/49€11.20M€12.43M▲

Amounts payable after more than one year17€7.65M€8.71M▲

Financial debts170/4€7.65M€8.71M▲

Amounts payable within one year42/48€3.31M€3.27M▼

Current portion of amounts payable after more than one year42€142k€499k▲

Trade debts44€3.03M€2.72M▼

Suppliers440/4€3.03M€2.72M▼

Taxes, remuneration and social security45€140k€46k▼

Taxes450/3€100k€957▼

Remuneration and social security454/9€39k€45k▲

Accrued charges and deferred income492/3€246k€453k▲

Income statement Code20212022

Remuneration, social security and pensions62€451k€477k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.71M€1.95M▲

Other operating charges640/8€3k€2k▼

Gross operating margin9900€1.27M€969k▼

Operating profit (loss)9901€-895k€-1.46M▼

Financial income75/76B€2k€2k▼

Recurring financial income75€2k€2k▼

Financial charges65/66B€171k€249k▲

Recurring financial charges65€171k€249k▲

Profit (loss) for the period before taxes9903€-1.06M€-1.71M▼

Income taxes67/77€830€-313k▼

Profit (loss) for the period9904€-1.07M€-1.40M▼

Profit (loss) for the period to be appropriated9905€-1.07M€-1.40M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-7.78M€-2.46M▲

Profit (loss) brought forward from the previous period14P€-6.72M€-1.07M▲

Transfer from equity791/2€6.71M-

Social balance

Average headcount (FTE)90876.36.0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Signals 1Financial 1Filings 10

2024

15-02

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · CLOUDALIZE NV GULDEN- SPORENPARK 120, 9820 MERELBEKE · event 09-02-2024

2023

06-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €2MEq €2.51M ▲33.6%

Equity rises from €1.88M to €2.51M.

01-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

10-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

20-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

07-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

22-12

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2014

23-12

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

31-01

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

21 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

1 establishment unit since 2011

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

1,042 m²

Building footprint

567 m²

Volume, LiDAR

3,994 m³

Parcel 44043A0418/00R000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.