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CLOUDALIZE

In bankruptcy Public limited companyfounded 2011KBO/BCE: BE 0841.348.108

Overview

Information for creditors

Enterprise Court of Ghent, Ghent division · Official Gazette of 15-02-2024
Appeal or third-party opposition 01-03-2024Filing the claim in RegSol 10-03-2024First verification report 15-03-2024Late claim 09-02-2025

Trustee: Matthias Gesquiere. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

10 annual accounts with figures on one time axis
Gross marginpeak €1.3m (2021)
€969,088▼ 23.7%
Resultlowest -€1.8m (2018)
-€1.4m▼ €332,753
Equitypeak €5.8m (2018)
€2.5m▲ 33.6%
Debts
€12.4m▲ 11.0%
Staffpeak 9.4 FTE (2018)
6 FTE▼ 4.8%
Board2 names since 2018
2 directorsJoy Tam and 1 other
Owners6 names in the annual accounts
  
Documentsfilings and deeds
06-07-202325 days before the deadline
2022abbreviated format
Gross margin from €1.3m to €969,088Loss of €1.4mCapital increase of €2,030,200 to €4,976,186.40 08-11Equity from €1.9m to €2.5mInvestments €3.6mCash from €25,233 to €272,616

Key points

from the 2022 annual accounts, the last ones filed

Equity

€2.5m from €5.8m in 2018

Equity fell by 57% in 4 years.

Losses

-€9.2m in ten years
20132014201520162017-1.82018201920202021-1.42022

Every financial year from 2013 to 2022 closed with a loss. 2018 was the heaviest.

Debts

€12.4m 83% of the balance sheet
Financial debts 70%Suppliers 22%Taxes and wages 0%Other 8%

Of this, €3.3m falls due within a year.

Investments

€3.6m 1.9 × depreciation
20212022

Green is investment, beige is depreciation. Machinery stands 2542.3% higher than in 2021.

Staff

6 FTE from 9.4 in 2018

Between 2018 and 2022, 36% of the full-time equivalents disappeared.

At the same address

2 companies
  • Marti seat since 27-08-2026
  • ONE PARTNER establishment since 05-06-2025
No score

Board and ownership

last known board
DW
Director, until 2023
JT
Director, until 2023

Shares in 1 company, Cloudalize Inc.

Board & ownership

Recent changes

Marti at this address
ONE PARTNER at this address Establishment
Address struck effective 17-01-2024 · KBO administration
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 09-02-2024 · Bankruptcy
All 27 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 09-02-2024
Legal form
Public limited company
Activity
Other information technology and computer servicesNACE 62900and 1 other
Establishment unit
2.204.708.545since 21-11-2011
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

Gross margin
€969,088▼ 23.7%
Turnover
≈ €2.6mestimated
Loss
€1.4m▲ 31.2%
Equity
€2.5m▲ 33.6%
Total assets
€14.9m▲ 14.2%
Employeeson 31-12-2022
6=
Filing
Filed on 06-07-2023
Financials

Insights on CLOUDALIZE

Equity fell from €5.8m in 2018 to €2.5m in 2022, while debts rose from €1.9m to €12.4m.

On 9 February 2024 the court declared CLOUDALIZE bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

abbreviated format, filed on 06-07-2023, 25 days before the deadline
Gross margin
€969,088
▼ 23.7%
Operating result
-€1.5m
▼ €568,515
Loss
-€1.4m
▼ €332,753
Working capital
-€548,013
▲ €208,761
Solvency
16.8%
▲ 2.4 percentage points
Current ratio
0.83
▲ 0.06

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.6m. Estimated: probably between €1.7m and €4.1m.

Balance sheet

balance sheet total €14.9m on 31-12-2022
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency16.8%

Higher than 24% of 2,453 companies in 2022.

Current ratio0.83

Higher than 19% of 2,422 companies in 2022.

Return on assets-9.4%

Higher than 15% of 2,439 companies in 2022.

CLOUDALIZE Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

Staff cost per FTE€79,482

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2022202120202019201820172016201520142013
Balance sheet: assets
Total assets20/58 14.9m13.1m11.8m10.4m7.8m3.6m2.2m1.4m880,943394,668
Formation expenses20 -----1,4453,0514,6566,262640
Fixed assets21/28 12.2m10.5m9.2m7.2m4.3m2.6m1.6m625,113485,001234,333
Intangible fixed assets21 11.7m10.5m9.2m7.1m4.2m2.4m1.3m442,871238,512114,590
Tangible fixed assets22/27 500,74822,60225,22067,271106,731153,711219,535174,236236,877115,753
Plant, machinery and equipment23 498,42718,86322,44166,197105,729153,254218,903174,236236,877115,753
Furniture and vehicles24 2,3213,7392,7791,0741,002457632---
Financial fixed assets28 13,07516,74715,95015,95017,55015,95017,3003,3503,3503,350
Current assets29/58 2.7m2.6m2.5m3.2m3.4m1.0m622,846785,080395,942160,335
Amounts receivable within one year40/41 2.1m2.5m2.2m1.9m1.2m774,017307,786503,491373,905152,864
Trade receivables40 1.7m2.0m481,3571.3m738,225439,186115,660407,555353,217143,807
Other amounts receivable41 420,303461,9531.7m614,129419,134334,831192,12695,93620,6889,057
Cash at bank and in hand54/58 272,61625,233320,8791.3m2.3m228,756239,796270,7628,3027,471
Deferred charges and accrued income490/1 364,79245,5799,96348,91722,22213,87475,26410,82713,735-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 14.9m13.1m11.8m10.4m7.8m3.6m2.2m1.4m880,943394,668
Equity10/15 2.5m1.9m2.9m4.3m5.8m1.7m1.1m721,663145,946111,731
Contributions10/11 5.0m2.9m9.7m4.4m4.4m2.5m1.9m1.1m286,100186,100
Capital10 5.0m2.9m--------
Issued capital100 5.0m2.9m4.4m4.4m4.4m2.5m1.9m1.1m286,100186,100
Uncalled capital101 501---------
Contributions outside capital11 --5.2m5.2m5.2m1.3m200,338---
Share premium1100/10 --5.2m5.2m5.2m1.3m200,338---
Profit (loss) carried forward14 -2.5m-1.1m-6.7m-5.3m-3.8m-2.1m-996,407-334,747-140,154-74,369
Amounts payable17/49 12.4m11.2m8.8m6.1m1.9m1.9m1.1m688,530734,997282,937
Amounts payable after more than one year17 8.7m7.6m5.8m3.5m510,6241.1m851,50065,00070,00090,000
Financial debts170/4 8.7m7.6m5.8m3.5m510,6241.1m851,50065,00070,00090,000
Amounts payable within one year42/48 3.3m3.3m3.0m2.6m1.4m765,072209,141622,199664,997192,937
Current portion of amounts payable after more than one year42 499,495142,028117,564115,69884,376-----
Trade debts44 2.7m3.0m1.7m2.4m1.3m726,369160,788509,995433,747173,314
Suppliers440/4 2.7m3.0m1.7m2.4m1.3m726,369160,788509,995433,747173,314
Taxes, remuneration and social security45 46,333139,77548,26931,83336,23038,70334,8881,5763,5562,744
Taxes450/3 957100,3912,0249896,1961,76511,0511,5763,5562,744
Remuneration and social security454/9 45,37539,38446,24530,84430,03436,93823,837---
Other amounts payable47/48 --1.1m---13,466110,628227,69416,879
Accrued charges and deferred income492/3 453,172245,635100,92011,9982,18166,719-1,331--
Income statement
Non-recurring operating income76A ---459,395----90,000-
Gross operating margin9900 969,0881.3m464,311817,736367,806259,787133,10821,725-10,037-7,516
Remuneration, social security and pensions62 476,894451,299460,047453,258588,703354,936241,594---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 2.0m1.7m1.3m1.8m1.5m867,318502,202210,134140,08561,837
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ---21917,434------
Other operating charges640/8 1,8732,7083,7373,8435,4992,2928,9962,3732,146803
Non-recurring operating charges66A -----18,105----
Operating profit (loss)9901 -1.5m-895,146-1.3m-1.4m-1.7m-982,864-619,684-190,782-152,268-70,156
Financial income75/76B 1,5981,658566-1,1099631,5261894408
Recurring financial income75 1,5981,658566-1,1099631,5261894408
Financial charges65/66B 249,107171,271109,07744,61874,254111,94743,2393,9953,9574,220
Recurring financial charges65 249,107171,271109,07744,61874,254111,94743,2393,9953,9574,220
Profit (loss) for the period before taxes9903 -1.7m-1.1m-1.4m-1.5m-1.8m-1.1m-661,397-194,588-65,785-74,368
Income taxes67/77 -312,828830818-6442,6791,7652635-1
Profit (loss) for the period9904 -1.4m-1.1m-1.4m-1.5m-1.8m-1.1m-661,660-194,593-65,785-74,369
Profit (loss) for the period to be appropriated9905 -1.4m-1.1m-1.4m-1.5m-1.8m-1.1m-661,660-194,593-65,785-74,369
Appropriation of the result
Profit (loss) to be appropriated9906 -2.5m-7.8m-6.7m-5.3m-3.8m-2.1m-996,407-334,747-140,154-74,369
Profit (loss) brought forward from the previous period14P -1.1m-6.7m--------
Transfer from equity791/2 -6.7m--------
Social balance sheet
Average staff (FTE)9087 66.37.26.69.47.52.8---
Hours worked1013 10,52811,38812,55811,77816,14513,3157,278---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 06-07-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2022 abbreviated format 06-07-2023 2023-00212952 PDF
31-12-2021 abbreviated format 01-07-2022 2022-20122902 PDF
31-12-2020 abbreviated format 28-06-2021 2021-29100040 PDF
31-12-2019 abbreviated format 30-06-2020 2020-23600412 PDF
31-12-2018 abbreviated format 10-06-2019 2019-17100294 PDF
31-12-2017 abbreviated format 20-03-2018 2018-07300364 PDF
31-12-2016 abbreviated format 07-07-2017 2017-29400036 PDF
30-06-2015 abbreviated format 22-12-2015 2015-70100024 PDF
30-06-2014 abbreviated format 23-12-2014 2014-70600402 PDF
30-06-2013 abbreviated format 31-01-2014 2014-02300400 PDF

Subsidies and aid

Flemish government 2023, 1 entry, €3,890 awarded, €3,890 paid

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2022202120202019201820172016201520142013
EBITDA 490,321815,927746343,200-226,396-115,546-117,48119,352-12,183-8,319
Cash flow 555,641645,483-108,583299,227-302,220-228,295-159,45815,54174,300-12,532
Investment in fixed assets 3.7m3.0m3.4m4.2m3.1m1.9m1.5m350,246383,526295,369
Change in cash 247,383-295,646-993,559-955,9192.0m-11,040-30,966262,460831-
Working capital -548,013-756,774-427,743648,1342.0m251,575413,704162,881-269,055-32,602
Solvency 16.8%14.4%25.0%41.7%74.9%46.6%51.9%51.2%16.6%28.3%
Current ratio 0.830.770.861.252.411.332.981.260.600.83
Debt to equity 4.955.963.001.400.331.150.930.955.042.53
ROE -55.7%-56.7%-47.2%-34.1%-30.2%-64.8%-57.8%-27.0%-45.1%-66.6%
ROA -9.4%-8.1%-11.8%-14.2%-22.6%-30.2%-30.0%-13.8%-7.5%-18.8%
Interest coverage 1.974.76--------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date66
full-time66
in full-time equivalents66
Average over the year, in full-time equivalents66.3
On a permanent contract66
Joined-1
Left-3

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired
Item20222021
Tangible fixed assets€491,391€20,037
Intangible fixed assets€3.2m€3.0m
Financial fixed assets€11,075€797
Depreciation and write-downs of the year€2.0m€1.7m

Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)

Insights on CLOUDALIZE

The operating result for 2022 is a loss of €1.5m, larger than the loss of €895,146 in 2021. It is the lowest result since 2018.

Debt's share of the balance-sheet total falls from 85.6% to 83.2%. Equity and debt are higher.

Board & ownership

Curator

the curator has managed the company since 09-02-2024
Curator, Maaltemeers 84, 9051 1 Gent (Sint-Denijs-Westrem)
Also on 91 other cases

Mandates through the years

2 names, the dashed line is today
Dirk Wauters
Director
Joy Tam
Director
Earliermandate already running before its first mentionBankruptcy 09-02-2024
Mandates as a list
  • Dirk Wauters
    • Director, from before 31-12-2022 to 21-11-2023
  • Joy Tam
    • Director, from 24-07-2018 to 18-01-2023

See the board, name and registered office on a given date →

Control

Shareholder
Equity €418,464
Profit €71,505 in 2026 (profit €76,906 in 2025)
Checked score 93
0.1%
This company
CLOUDALIZE
Equity €2.5m
Loss €1.4m in 2022

Capital

Capital
€4,975,674.42
Shares
8,188,557
Contribution per share
€0.61
Equity per share
€0.31 in 2022
Source
2022 annual accounts

Owners through the years

as the annual accounts name them
1% until 2020
0.75% until 2020
0.04% until 2018
0.09% until 2016
2.6% until 2014
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 08-11-2022 (in Dutch)
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Preferente,dezelfde rechten als B1,B2 uitgezonderd o.a. liquidatie preferentie”

Office holders in the KBO →

Network & group

Holdings

own 2022 accounts
This companyCLOUDALIZE1 holding, 1 country 2022 accounts

North America 1 Equity Result

  • US Cloudalize Inc. USD 40,847 result USD 9,869

Source: list of holdings in its own 2022 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2022, in their own currency.

At the same address

16 other companies
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establishment since 28-11-2017 · founded in 2017 · group Green Leaf Topco
total assets €240.1m (2025)
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registered office since 01-10-2021 · founded in 2019 · negative equity (2025)
total assets €26.3m (2025)
0737.982.136
Vlaams Bodemsaneringsfonds voor de Textielverzorging
registered office since 19-08-2007 · founded in 2007
3 FTE (2025)
0886.185.961
SOMKO
establishment since 01-10-2023 · founded in 2015
35 FTE (2026)
0639.811.505
ONE PARTNER
establishment since 05-06-2025 · founded in 1990
total assets €2.2m (2025)
0442.309.112
Milgro België
registered office since 27-10-2022 · founded in 2022 · negative equity (2025)
2.1 FTE (2025)
0792.954.313
PHéNX
registered office since 03-05-2016 · founded in 2016
9.6 FTE (2025)
0653.751.888
BETEVEST
registered office since 11-10-1990 · founded in 1990
total assets €1.0m (2025)
0442.198.848
WB&E Metal
establishment since 01-08-2021 · founded in 2020
total assets €308,653 (2025)
0754.994.748
Kink in the Cable
registered office since 30-05-2022 · founded in 2022 · negative equity (2025)
total assets €64,379 (2025)
0786.647.927
and 6 more

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • Cloudalize Inc.USsubsidiary
    Equity USD 40,847Result USD 9,869
    100%
Holdings through the years 2017 to 2022
Holdings through the years
Name201720182019202020212022
Cloudalize Inc.US 100%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the shareholders of CLOUDALIZE. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

27 events since 2011
2026
Marti at this address Registered office
2025
ONE PARTNER at this address Establishment
2024
Address struck effective 17-01-2024
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 09-02-2024
2023
Resignation: Dirk Wauters (director)1 point ▸
  • Director resignation, Dirk Wauters
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 25 days before the deadline
Registered office moved from Ghent to MerelbekeNew registered office: Guldensporenpark 120 te 9820 Merelbeke · Previous registered office: Ottergemsesteenweg-Zuid 808, bus 305-9000 Gent1 point ▸
  • Registered-office move, Guldensporenpark 120 te 9820 Merelbeke
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Resignation: Joy Tam (director)Appointment: Dirk Wauters (director) · Board meeting of 19-01-20233 points ▸
  • Board meeting, 19-01-2023
  • Director resignation, Joy Tam
  • Director appointment, Dirk Wauters

Open the deed in the Belgian Official Gazette

2022
Capital increase of €2,030,200 to €4,976,186.40Capital from €2,945,986.40 to €4,976,186.40, 1,079,894 new shares · General meeting of 28-10-20223 points ▸
  • General meeting, 28-10-2022
  • Capital increase, €2,030,200
  • Capital, €4,976,186.40, 8,188,557 shares
  • The deed holds 10 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 30 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 33 days before the deadline
Capital decrease of €1,490,682.62 to €2,945,986.40Capital from €4,436,669.02 to €2,945,986.40 · General meeting of 10-05-20213 points ▸
  • General meeting, 10-05-2021
  • Capital decrease, €1,490,682.62
  • Capital, €2,945,986.40, 7,108,663 shares
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFabbreviated format · 31 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 51 days before the deadline
2018
Weakest financial year net -€1.8m The net result drops to -€1.8m, the lowest from 2013 to 2022.
Equity above €5m equity €5.8m ▲244% Equity rises from €1.7m to €5.8m.
Annual accounts 2017 filed PDFabbreviated format · 133 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 24 days before the deadline
2016
Liquidity more than doubled current ratio 2.98 The current ratio rises from 1.26 to 2.98. Short-term debt falls from €622,199 to €209,141.
Equity above €1m equity €1.1m ▲58.6% Equity rises from €721,663 to €1.1m.
2015
Annual accounts 2015 filed PDFabbreviated format · 40 days before the deadline
Liquidity more than doubled current ratio 1.26 The current ratio rises from 0.60 to 1.26. Short-term debt falls from €664,997 to €622,199.
Equity above €500,000 equity €721,663 ▲394% Equity rises from €145,946 to €721,663.
2014
Annual accounts 2014 filed PDFabbreviated format · 39 days before the deadline
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2011
Incorporation PDF21 publications in the Belgian Official Gazette, the last on 12-12-2023 · published on 08-12-2011
First establishment

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CLOUDALIZE was incorporated on 21 November 2011.1 In 2022 the capital was increased by €2.0m to €5.0m.2 The registered office was moved to Merelbeke in 2023.3 Total assets rose from €7.8m in 2018 to €14.9m in 2022 and headcount from 9.4 to 6 full-time equivalents.4 On 9 February 2024 the company was declared bankrupt.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-11-2022
  3. 3Belgian Official Gazette, 10-03-2023
  4. 4National Bank, annual accounts 2018 and 2022
  5. 5Belgian Official Gazette, 15-02-2024

Company details

Identity

Enterprise number
0841.348.108
VAT number
BE 0841.348.108
Legal form
Public limited company
Status
In bankruptcy, since 09-02-2024
Founded
21-11-2011
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
CLOUDALIZE in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
62900 Other information technology and computer services main activity
62100 Computer programming
Codes under NACEBEL 2008
62090 Computer programming, consultancy and related activities main activity
62010 Computer programming, consultancy and related activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Cloudalize 21-11-2011 2.204.708.545
1 former office
  • Ottergemsesteenweg-Zuid 808,bus 305, 9000 Gent until 01-12-2022 · deed of 10-03-2023

Buildings and parcels at the address

Ground area
1,042 m²
Buildings
567 m²
Volume, LiDAR
3,994 m³
Tallest building
11.0 m
Buildings to scale, each on its own parcel
567 m², 11.0 m 567 m², 11.0 m

Location

registered office establishment The establishment unit on the map
16 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44043A0418/00R0001,042 m² 1 · 567 m² 11.0 m · 2